Contract analysis

1. Fairwater Real Estate Investment Trust;

2. Commonwealth National Title Insurance Company;

3. Pinnacle Federal Bank, N.A. (for Properties 1 through 8);

4. Veltrano Capital Lending Corp. (for Properties 9 through 12);

5. Sycamore Life Insurance Company (for Properties 13 and 14); and

6. Calderwood & Harkness LLP. Our comments are organized into two sections: (I) General Comments applicable to all fourteen (14) Survey Drafts, followed by (II) Property-Specific Comments for each individual Property. We have also enclosed, under separate electronic transmittal, marked-up copies of each Survey Draft reflecting our notations.

I. GENERAL COMMENTS APPLICABLE TO ALL 14 SURVEYS The following comments apply to each of the fourteen (14) Survey Drafts and should be addressed uniformly across all surveys in the revised submissions. A. Certification Requirements Each survey must bear a proper certification in compliance with the 2021 Standards. As set forth in the Survey Instruction Letter, the certification must expressly state that the survey wa

II. PROPERTY-SPECIFIC COMMENTS Set forth below are our specific comments for each of the fourteen (14) Properties, organized by Property number. For ease of reference, we have included the street address, Target Entity, approximate rentable square footage, year built, and applicable loan designation for each Property. Property 1: Fairfield Logistics Center I Address: 4200 Fairfield Industrial Blvd, Fairburn, Georgia

III. SUMMARY TABLE OF REVISION REQUESTS The following table summarizes the revision requests for each of the fourteen (14) Properties: As reflected in the foregoing table, we have identified a total of sixty-one (61) revision requests across all fourteen (14) Properties. Of these, twenty-six (26) are classified as Critical, encompassing encroachments, boundary discrepancies, missing or incorrectly depicted easements

IV. DEADLINE AND DELIVERY INSTRUCTIONS As noted above, revised surveys incorporating all comments set forth in this letter must be delivered no later than March 25, 2024, to allow C&H sufficient time to conduct a final review before the title and survey objection deadline of March 29, 2024 under Section 5.2(a) of the PSA. Electronic Delivery. Revised surveys should be delivered electronically in both PDF format and G

V. AVAILABILITY FOR COORDINATION We recognize that the volume of comments in this letter is substantial and that certain items — particularly those requiring additional field work or coordination with utility providers — may present logistical challenges. We are available to discuss any of the comments set forth herein by telephone or videoconference at Meridian's convenience. Your primary contacts at C&H for this ma