Contract analysis

1. Zoning Ordinances and Governmental Regulations. All applicable zoning ordinances, regulations, and governmental requirements of Loudoun County, Virginia, including without limitation the PD-IP (Planned Development – Industrial Park) zoning classification, as the same may be amended, modified, or supplemented from time to time, together with all applicable building codes, environmental regulations, and land use req

2. Real Estate Taxes and Assessments. Real estate taxes and assessments for the current fiscal year (tax year 2025), which are not yet due and payable as of the date of this Deed, subject to proration between Grantor and Grantee as of the date of closing in accordance with the Purchase and Sale Agreement dated April 15, 2025.

3. Title Commitment Exceptions. All easements, covenants, conditions, restrictions, reservations, encumbrances, and other matters of record as set forth in Schedule B-II of the title commitment (Commitment No. ____) issued by Fidelitas Title & Escrow, Inc., as agent for Sovereign Title Insurance Company, with an effective date of April 3, 2025, to the extent such matters were accepted by Grantee or waived by Grantee

4. Survey Matters. Any and all matters shown on the ALTA/NSPS Land Title Survey of the Property prepared by Lumen Ridge Engineering, PLLC (Carlos Esteban, PE), dated on or about June 15, 2025, including without limitation any encroachments, overlaps, boundary line disputes, rights-of-way, easements, and other conditions disclosed thereby.

5. Physical Inspection Matters. Any state of facts that an accurate survey or physical inspection of the Property would disclose, including without limitation the current condition of all improvements, utilities, access roads, drainage features, vegetation, and topographic conditions on or affecting the Property.

6. Standard Title Policy Exceptions. The standard printed exceptions contained in the owner's title insurance policy to be issued by Sovereign Title Insurance Company in favor of Grantee in the amount of $58,500,000.00, to the extent not deleted or modified by endorsement.

7. ZMOD Proffers. Any proffers or proffer conditions voluntarily offered by Grantor, Grantee, or their respective predecessors or affiliates in connection with the Zoning Modification Application docketed or to be docketed as ZMOD-2025-0038 with the Loudoun County Department of Planning and Zoning, to the extent approved and accepted by Loudoun County.

8. Utility Easements. Rights of Vantage Power Cooperative, Northgate Partners LLC, Loudoun Water, or any other utility providers or governmental authorities in any existing utility easements, rights-of-way, or licenses of record affecting the Property, whether above ground or underground, including without limitation easements for electric, gas, water, sewer, telecommunications, fiber optic, stormwater management, an

9. Additional Exceptions. [Placeholder for any additional exceptions approved by Grantee and/or required by Sovereign Title Insurance Company as a condition of issuance of the owner's title insurance policy in the amount of $58,500,000.00.] [End of Exhibit B] [Remainder of page intentionally left blank]