Contract analysis

1. Master Loan Agreement dated as of September 15, 2020, by and among GMP Fairfield I LLC, GMP Fairfield II LLC, GMP Westlake LLC, GMP Katy LLC, GMP Alliance LLC, GMP Lakeland LLC, GMP Southport LLC, and GMP Murfreesboro LLC (collectively, the "Pinnacle Borrowers"), as borrowers, and Pinnacle Federal Bank, N.A. (the "Pinnacle Lender"), as lender, as amended by: (a) First Amendment to Master Loan Agreement, dated as o

2. Master Promissory Note dated as of September 15, 2020, made by the Pinnacle Borrowers in favor of the Pinnacle Lender, in the original principal amount of Four Hundred Forty Million and No/100 Dollars ($440,000,000) (current outstanding principal balance as of February 28, 2024: $421,600,000), as the same may have been endorsed, modified, or supplemented from time to time.

3. Carve-Out Guaranty dated as of September 15, 2020, made by Greystone Meridian Partners Fund III, L.P., a Delaware limited partnership, in favor of the Pinnacle Lender (the "Pinnacle Guaranty"), guaranteeing the payment and performance of certain recourse carve-out obligations of the Pinnacle Borrowers under the Master Loan Agreement and the other Pinnacle Loan Documents. The Pinnacle Guaranty is to be replaced at

4. Environmental Indemnity Agreement dated as of September 15, 2020, made by the Pinnacle Borrowers and Greystone Meridian Partners Fund III, L.P. in favor of the Pinnacle Lender, indemnifying the Pinnacle Lender against losses, costs, damages, claims, and liabilities arising from the presence, release, or threatened release of hazardous materials on, at, under, or from any of the eight (8) properties securing the Pi

5. Cash Management Agreement dated as of September 15, 2020, among the Pinnacle Borrowers, the Pinnacle Lender, and Magnolia Commerce Bank, N.A., a national banking association, as depository bank, establishing the lockbox accounts, cash management accounts, and sweep procedures for the collection and application of rents, revenues, and other income generated by the Pinnacle-secured properties. C. Individual Loan Sup

6. Loan Supplement No. 1 dated as of September 15, 2020, between GMP Fairfield I LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Fairfield Logistics Center I and located at 4200 Fairfield Industrial Blvd, Fairburn, Georgia 30213 (the "Loan 1-A Property"), and setting forth the allocated l

7. Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Fairfield I LLC in favor of the Pinnacle Lender, encumbering the Loan 1-A Property and all improvements, fixtures, and personal property located thereon, recorded in the Office of the Clerk of the Superior Court of Fulton County, Georgia, at Deed Book 64218, Page 0142.

8. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Fairfield I LLC in favor of the Pinnacle Lender, assigning all of GMP Fairfield I LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-A Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Office of the Clerk of the Superior Court of Fulto

9. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871526, naming GMP Fairfield I LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-A Property. Loan 1-B — GMP Fairfield II LLC (Fairfield Logistics Center II).

10. Loan Supplement No. 2 dated as of September 15, 2020, between GMP Fairfield II LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Fairfield Logistics Center II and located at 4300 Fairfield Industrial Blvd, Fairburn, Georgia 30213 (the "Loan 1-B Property"), and setting forth the allocate

11. Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Fairfield II LLC in favor of the Pinnacle Lender, encumbering the Loan 1-B Property and all improvements, fixtures, and personal property located thereon, recorded in the Office of the Clerk of the Superior Court of Fulton County, Georgia, at Deed Book 64218, Page 0256.

12. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Fairfield II LLC in favor of the Pinnacle Lender, assigning all of GMP Fairfield II LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-B Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Office of the Clerk of the Superior Court of Fu

13. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871534, naming GMP Fairfield II LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-B Property. Loan 1-C — GMP Westlake LLC (Westlake Distribution Hub).

14. Loan Supplement No. 3 dated as of September 15, 2020, between GMP Westlake LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Westlake Distribution Hub and located at 11500 Westlake Parkway, Houston, Texas 77082 (the "Loan 1-C Property"), and setting forth the allocated loan amount, prop

15. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Westlake LLC, as grantor, to Commonwealth Title Trustee Services, Inc., as trustee, for the benefit of the Pinnacle Lender, as beneficiary, encumbering the Loan 1-C Property and all improvements, fixtures, and personal property located thereon, recorded in the Official Public Records o

16. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Westlake LLC in favor of the Pinnacle Lender, assigning all of GMP Westlake LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-C Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Public Records of Harris County, Texas, under

17. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871542, naming GMP Westlake LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-C Property. Loan 1-D — GMP Katy LLC (Katy Freeway Logistics Park).

18. Loan Supplement No. 4 dated as of September 15, 2020, between GMP Katy LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Katy Freeway Logistics Park and located at 22600 Katy Freeway, Katy, Texas 77449 (the "Loan 1-D Property"), and setting forth the allocated loan amount, property-spec

19. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Katy LLC, as grantor, to Commonwealth Title Trustee Services, Inc., as trustee, for the benefit of the Pinnacle Lender, as beneficiary, encumbering the Loan 1-D Property and all improvements, fixtures, and personal property located thereon, recorded in the Official Public Records of Ha

20. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Katy LLC in favor of the Pinnacle Lender, assigning all of GMP Katy LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-D Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Public Records of Harris County, Texas, under Clerk's

21. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871550, naming GMP Katy LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-D Property. Loan 1-E — GMP Alliance LLC (Alliance Commerce Center).

22. Loan Supplement No. 5 dated as of September 15, 2020, between GMP Alliance LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Alliance Commerce Center and located at 2800 Alliance Gateway Blvd, Fort Worth, Texas 76177 (the "Loan 1-E Property"), and setting forth the allocated loan amount

23. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Alliance LLC, as grantor, to Commonwealth Title Trustee Services, Inc., as trustee, for the benefit of the Pinnacle Lender, as beneficiary, encumbering the Loan 1-E Property and all improvements, fixtures, and personal property located thereon, recorded in the Official Public Records o

24. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Alliance LLC in favor of the Pinnacle Lender, assigning all of GMP Alliance LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-E Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Public Records of Denton County, Texas, under

25. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871569, naming GMP Alliance LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-E Property. Loan 1-F — GMP Lakeland LLC (Lakeland Crossings Industrial).

26. Loan Supplement No. 6 dated as of September 15, 2020, between GMP Lakeland LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Lakeland Crossings Industrial and located at 7100 Drane Field Road, Lakeland, Florida 33811 (the "Loan 1-F Property"), and setting forth the allocated loan amount

27. Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Lakeland LLC in favor of the Pinnacle Lender, encumbering the Loan 1-F Property and all improvements, fixtures, and personal property located thereon, recorded in the Official Records of Polk County, Florida, at O.R. Book 10842, Page 1476.

28. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Lakeland LLC in favor of the Pinnacle Lender, assigning all of GMP Lakeland LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-F Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Records of Polk County, Florida, at O.R. Book

29. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871577, naming GMP Lakeland LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-F Property. Loan 1-G — GMP Southport LLC (Southport Logistics Park).

30. Loan Supplement No. 7 dated as of September 15, 2020, between GMP Southport LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as Southport Logistics Park and located at 3200 Southport Connector Road, Jacksonville, Florida 32218 (the "Loan 1-G Property"), and setting forth the allocated loa

31. Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Southport LLC in favor of the Pinnacle Lender, encumbering the Loan 1-G Property and all improvements, fixtures, and personal property located thereon, recorded in the Official Records of Duval County, Florida, at O.R. Book 19467, Page 0892.

32. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Southport LLC in favor of the Pinnacle Lender, assigning all of GMP Southport LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-G Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Records of Duval County, Florida, at O.R. Bo

33. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871585, naming GMP Southport LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-G Property. Loan 1-H — GMP Murfreesboro LLC (Murfreesboro Distribution Center).

34. Loan Supplement No. 8 dated as of September 15, 2020 (as supplemented by that certain Joinder and Supplement Agreement dated as of June 30, 2022, in connection with the Second Amendment to Master Loan Agreement), between GMP Murfreesboro LLC, a Delaware limited liability company, as borrower, and the Pinnacle Lender, as lender, supplementing the Master Loan Agreement with respect to the property commonly known as

35. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of September 15, 2020, made by GMP Murfreesboro LLC, as grantor, to Robert T. Halloran, as trustee, for the benefit of the Pinnacle Lender, as beneficiary, encumbering the Loan 1-H Property and all improvements, fixtures, and personal property located thereon, recorded in the Register's Office of Rutherford County, Tenn

36. Assignment of Leases and Rents dated as of September 15, 2020, made by GMP Murfreesboro LLC in favor of the Pinnacle Lender, assigning all of GMP Murfreesboro LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 1-H Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Register's Office of Rutherford County, Tenness

37. UCC-1 Financing Statement filed with the Delaware Secretary of State on September 16, 2020, File No. 2020-4871593, naming GMP Murfreesboro LLC as debtor and the Pinnacle Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 1-H Property. D. Pinnacle Facility — Additional Documents

38. Deposit Account Control Agreement dated as of September 15, 2020, among the Pinnacle Borrowers, the Pinnacle Lender, and Magnolia Commerce Bank, N.A., a national banking association, as depository bank, establishing the Pinnacle Lender's control over certain deposit accounts maintained by the Pinnacle Borrowers at Magnolia Commerce Bank, N.A., including the Lockbox Account, the Cash Management Account, the Tax an

39. Title Insurance Policies — ALTA Lender's Policies of Title Insurance (2006 Form, or equivalent) issued by Commonwealth National Title Insurance Company in favor of the Pinnacle Lender for each of the eight (8) Pinnacle-secured properties, insuring the lien of the applicable Deed to Secure Debt, Deed of Trust, or Mortgage, as the case may be, as a first-priority lien on the applicable property (Policy Nos. CNTC-20

40. Subordination, Non-Disturbance and Attornment Agreements — Subordination, Non-Disturbance and Attornment Agreements ("SNDAs") executed by certain tenants of the eight (8) Pinnacle-secured properties in favor of the Pinnacle Lender, subordinating the applicable tenant's leasehold interest to the lien of the applicable security instrument and providing for non-disturbance of such tenant's possession so long as such

1. Loan Agreement dated as of February 1, 2021, by and among GMP Buckhead LLC, GMP SouthPark LLC, GMP Cool Springs LLC, and GMP Brickell LLC (collectively, the "Veltrano Borrowers"), as borrowers, and Veltrano Capital Lending Corp. (the "Veltrano Lender"), as lender, as amended by: (a) First Amendment to Loan Agreement, dated as of October 15, 2022, by and among the Veltrano Borrowers and the Veltrano Lender (modifyi

2. Promissory Note dated as of February 1, 2021, made by the Veltrano Borrowers in favor of the Veltrano Lender, in the original principal amount of One Hundred Fifty Million and No/100 Dollars ($150,000,000) (current outstanding principal balance as of February 28, 2024: $142,300,000), as the same may have been endorsed, modified, or supplemented from time to time.

3. Carve-Out Guaranty dated as of February 1, 2021, made by Greystone Meridian Partners Fund III, L.P., a Delaware limited partnership, in favor of the Veltrano Lender (the "Veltrano Guaranty"), guaranteeing the payment and performance of certain recourse carve-out obligations of the Veltrano Borrowers under the Loan Agreement and the other Veltrano Loan Documents. The Veltrano Guaranty is to be replaced at Closing b

4. Environmental Indemnity Agreement dated as of February 1, 2021, made by the Veltrano Borrowers and Greystone Meridian Partners Fund III, L.P. in favor of the Veltrano Lender, indemnifying the Veltrano Lender against losses, costs, damages, claims, and liabilities arising from the presence, release, or threatened release of hazardous materials on, at, under, or from any of the four (4) properties securing the Veltr

5. Cash Management Agreement dated as of February 1, 2021, among the Veltrano Borrowers, the Veltrano Lender, and Magnolia Commerce Bank, N.A., a national banking association, as depository bank, establishing the lockbox accounts, cash management accounts, and sweep procedures for the collection and application of rents, revenues, and other income generated by the Veltrano-secured properties. C. Individual Property-L

6. Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of February 1, 2021, made by GMP Buckhead LLC in favor of the Veltrano Lender, encumbering the property commonly known as Buckhead Place Office Tower and located at 3380 Peachtree Road NE, Atlanta, Georgia 30326 (the "Loan 2-A Property"), and all improvements, fixtures, and personal property located thereon, record

7. Assignment of Leases and Rents dated as of February 1, 2021, made by GMP Buckhead LLC in favor of the Veltrano Lender, assigning all of GMP Buckhead LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 2-A Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Office of the Clerk of the Superior Court of Fulton County

8. UCC-1 Financing Statement filed with the Delaware Secretary of State on February 2, 2021, File No. 2021-0632184, naming GMP Buckhead LLC as debtor and the Veltrano Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 2-A Property. Loan 2-B — GMP SouthPark LLC (SouthPark Corporate Center).

9. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of February 1, 2021, made by GMP SouthPark LLC, as grantor, to Richard M. Beaumont, as trustee, for the benefit of the Veltrano Lender, as beneficiary, encumbering the property commonly known as SouthPark Corporate Center and located at 6100 Fairview Road, Charlotte, North Carolina 28210 (the "Loan 2-B Property"), and al

10. Assignment of Leases and Rents dated as of February 1, 2021, made by GMP SouthPark LLC in favor of the Veltrano Lender, assigning all of GMP SouthPark LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 2-B Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Office of the Register of Deeds of Mecklenburg County,

11. UCC-1 Financing Statement filed with the Delaware Secretary of State on February 2, 2021, File No. 2021-0632192, naming GMP SouthPark LLC as debtor and the Veltrano Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 2-B Property. Loan 2-C — GMP Cool Springs LLC (Cool Springs Office Park).

12. Deed of Trust, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of February 1, 2021, made by GMP Cool Springs LLC, as grantor, to James D. Whitmore, as trustee, for the benefit of the Veltrano Lender, as beneficiary, encumbering the property commonly known as Cool Springs Office Park and located at 5000 Meridian Boulevard, Franklin, Tennessee 37067 (the "Loan 2-C Property"), and all

13. Assignment of Leases and Rents dated as of February 1, 2021, made by GMP Cool Springs LLC in favor of the Veltrano Lender, assigning all of GMP Cool Springs LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 2-C Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Register's Office of Williamson County, Tennessee

14. UCC-1 Financing Statement filed with the Delaware Secretary of State on February 2, 2021, File No. 2021-0632207, naming GMP Cool Springs LLC as debtor and the Veltrano Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 2-C Property. Loan 2-D — GMP Brickell LLC (Brickell Bay Office Building).

15. Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing dated as of February 1, 2021, made by GMP Brickell LLC in favor of the Veltrano Lender, encumbering the property commonly known as Brickell Bay Office Building and located at 1221 Brickell Avenue, Miami, Florida 33131 (the "Loan 2-D Property"), and all improvements, fixtures, and personal property located thereon, recorded in the Off

16. Assignment of Leases and Rents dated as of February 1, 2021, made by GMP Brickell LLC in favor of the Veltrano Lender, assigning all of GMP Brickell LLC's right, title, and interest in and to all leases, subleases, licenses, and rental agreements affecting the Loan 2-D Property and all rents, issues, profits, and revenues arising therefrom, recorded in the Official Records of Miami-Dade County, Florida, at O.R. B

17. UCC-1 Financing Statement filed with the Delaware Secretary of State on February 2, 2021, File No. 2021-0632215, naming GMP Brickell LLC as debtor and the Veltrano Lender as secured party, covering all personal property, fixtures, accounts, and other collateral described therein in connection with the Loan 2-D Property. D. Veltrano Facility — Additional Documents

18. Deposit Account Control Agreement dated as of February 1, 2021, among the Veltrano Borrowers, the Veltrano Lender, and Magnolia Commerce Bank, N.A., a national banking association, as depository bank, establishing the Veltrano Lender's control over certain deposit accounts maintained by the Veltrano Borrowers at Magnolia Commerce Bank, N.A., including the Lockbox Account, the Cash Management Account, the Tax and

19. Title Insurance Policies — ALTA Lender's Policies of Title Insurance (2006 Form, or equivalent) issued by Commonwealth National Title Insurance Company in favor of the Veltrano Lender for each of the four (4) Veltrano-secured properties, insuring the lien of the applicable Deed to Secure Debt, Deed of Trust, or Mortgage, as the case may be, as a first-priority lien on the applicable property (Policy Nos. CNTC-202

20. Subordination, Non-Disturbance and Attornment Agreements — Subordination, Non-Disturbance and Attornment Agreements ("SNDAs") executed by certain tenants of the four (4) Veltrano-secured properties in favor of the Veltrano Lender, subordinating the applicable tenant's leasehold interest to the lien of the applicable security instrument and providing for non-disturbance of such tenant's possession so long as such