# EDGAR Filing Document

**Accession Number:** 0002053250
**File Stem:** 0001193125-26-007500
**Filing Date:** 2026-1
**Character Count:** 42678
**Document Hash:** 019a556b945309b7315c5983e7e7ef35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-007500.hdr.sgml**: 20260108

**ACCESSION NUMBER**: 0001193125-26-007500

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260106

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260108

**DATE AS OF CHANGE**: 20260108

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Equipment leases

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AVF III US Aggregator, L.P.
- **CENTRAL INDEX KEY:** 0002053250

**ORGANIZATION NAME:**
- **EIN:** 991516268
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07500
- **FILM NUMBER:** 26519113

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET, 33RD FLOOR
- **STREET 2:** C/O HPS INVESTMENT PARTNERS, LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 287-6767

**MAIL ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET, 33RD FLOOR
- **STREET 2:** C/O HPS INVESTMENT PARTNERS, LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AVF III US Aggregator, L.P.
- **CENTRAL INDEX KEY:** 0002053250

**ORGANIZATION NAME:**
- **EIN:** 991516268
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET, 33RD FLOOR
- **STREET 2:** C/O HPS INVESTMENT PARTNERS, LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 287-6767

**MAIL ADDRESS:**
- **STREET 1:** 40 WEST 57TH STREET, 33RD FLOOR
- **STREET 2:** C/O HPS INVESTMENT PARTNERS, LLC
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER REPORT** 

**Pursuant to Section 15G of the** 

**Securities Exchange Act of 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period __________ to ___________** 

**Date of Report (Date of earliest event reported):** 

**(Exact name of securitizer as specified in its charter)** 

---

| | |
|:---|:---|
| **(Commission File Number of securitizer)** | **(Central Index Key Number of securitizer)** |

---

**Name and telephone number, including area code,** 

**of the person to contact in connection with this filing** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)**

**PEAC Solutions Receivables 2026-1 LLC** 

**(Exact name of issuing entity as specified in its charter)** 

**Central Index Key Number of sponsor: 0002053250** 

**Central Index Key Number of issuing entity (if applicable):** 

**Central Index Key Number of underwriter (if applicable):** 

**Gary Lo, Managing Director, +44 20 3578 6053** 

**Name and telephone number, including area code,** 

**of the person to contact in connection with this filing** 

------

**PART II – FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer** 

See Independent Accountants' Report on Applying Agreed-Upon Procedures, dated December 23, 2025, attached as Exhibit 99.1 to this report.

---

| |
|:---|
| **Exhibit No. Description** |
|  Exhibit 99.1 Independent Accountants' Report on Applying Agreed-Upon Procedures.<br>|

---

------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| AVF III US Aggregator, L.P. | AVF III US Aggregator, L.P. |
| (Sponsor) | (Sponsor) |
| By: HPS GP, LLC, its general partner | By: HPS GP, LLC, its general partner |
| By: | /s/ Gary Lo |
|  | Name: Gary Lo |
|  | Title: Managing Director |

---

Date: January 8, 2026.

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g38759dsp01.jpg)

**Report of Independent Accountants on Applying** 

**Agreed-Upon Procedures** 

Marlin Leasing Corporation (dba PEAC Solutions)

300 Fellowship Road

Mount Laurel, New Jersey 08054

We ("us" or "PwC") have performed the procedures enumerated below, which were agreed to by Marlin Leasing Corporation (dba PEAC Solutions) (the "Company," as the engaging party), HPS Investment Partners, LLC, and BNP Paribas Securities Corp. who are collectively referred to herein as the "Specified Parties", solely to assist you with the accuracy of certain attributes of the collateral assets (the "Subject Matter"), in connection with the issuance of asset backed notes collateralized by a pool of working capital loans and equipment leases by PEAC Solutions Receivables 2026-1 LLC, (the "Transaction"). The Company (the "Responsible Party") is responsible for the accuracy of the attributes of the collateral assets which may be included in the Transaction.

In an agreed-upon procedures engagement, we perform specific procedures that the Specified Parties have agreed to and acknowledged to be appropriate for the intended purpose of the engagement and we report on findings based on the procedures performed. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose.

***Procedures and Findings***

In connection with the Transaction, the Specified Parties agreed on a sample size of 60 equipment lease contracts, 60 xerox contracts, 20 working capital loans, and 10 expo contracts, which the Company instructed us to select randomly from the pool of working capital loans and equipment leases which the Company represented was as of the Cut-off Date and may be included in the collateral pool of assets for the Transaction.

This agreed-upon procedures engagement was not conducted for the purpose of satisfying any criteria for due diligence published by a nationally recognized statistical rating organization.

In addition, PwC should not be regarded as having in any way warranted or given any assurance as to the following items:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The completeness, accuracy, appropriateness, quality or integrity of any of the information provided by the Responsible
Party, or any other party for purposes of PwC performing the procedures agreed to by the Specified Parties. The procedures performed would not necessarily

---

| | |
|:---|:---|
|  | PricewaterhouseCoopers LLP, 300 Madison Avenue, New York, NY 10017 |
|  | + 1 (646) 471 3000 |
| **www.pwc.com** |  |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 2 of 12 |

---

reveal any material misstatement of the amounts, balances, ratios, percentages or other relationships of the information included in the data provided to us; <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards,
criteria or other requirements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The value of collateral securing such assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The compliance of the originator of the assets with federal, state, and local laws and regulations.

We have not performed any procedures with respect to the fair value of the securities being offered in the Transaction and PwC expresses no opinion on the current fair value of these securities. PwC should not be regarded as having performed any procedures other than those detailed in this report.

With respect to any terms or requirements of the Transaction that do not appear in this report, we performed no procedures and, accordingly, the procedures we performed would not ensure that any requirements are satisfied. Further, we have performed only the following agreed-upon procedures and therefore make no representations regarding the adequacy of disclosures or whether any material facts have been omitted from the Transaction offering documents.

It should be understood that we make no representations as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The interpretation of Transaction documents (including, but not limited to, indenture agreements or offering documents)
included in connection with our procedures;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Your compliance with Rule 15Ga-2 of the Securities Exchange Act of 1934;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The reasonableness of any of the assumptions provided by the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The adequacy of the sample size, as provided by the Specified Parties, nor do we draw any conclusions about the entire
pool of receivables based on the sample size and results of the procedures performed.

These procedures should not be taken to supplant any additional inquiries or procedures that the Specified Parties would undertake in consideration of the Transaction. The procedures performed and results thereof are described below.

The following definitions were adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The phrase "compared" refers to the comparison of one or more data elements to underlying documentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The phrase "recalculated" refers to a recalculation of one of more data elements using a prescribed
methodology and the information provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The phrase "Cut-off Date" refers to September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● The phrase "Xerox Direct" refers to Xerox Sample Receivables with the attribute "DIRECT" and the
phrase "Xerox Indirect" refers to Xerox Sample Receivables with an attribute other than "DIRECT" in the "Source" field of the Data Tape (each as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;**I.** **Data, Information and Documents Provided** 

As instructed by the Company, we selected random samples of 60 equipment lease contracts (the "Equipment Lease"), 60 xerox contracts (the "Xerox"), 20 working capital loans (the "WC Loans"), and 10 expo contracts (the "PEAC Holdings Receivables"), (collectively, the "Sample Receivables"), from the

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 3 of 12 |

---

corresponding Excel data files identified and provided to us by the Company on October 27, 2025, which the Company represented to contain certain data points from the Company's servicing systems as of the Cut-off Date for the expected preliminary collateral pool of assets for the Transaction (each a "Preliminary Data Tape").

On November 3, 2025, the Company provided Excel files the Company represented to contain additional data points from the Company's servicing systems as of the Cut-off Date (each a "Supplemental Data Tape") for the expected preliminary collateral pool of assets for the Transaction. At the instruction of the Company, we appended each Preliminary Data Tape with additional data points identified by the Company, contained in the related Supplemental Data Tape. The Preliminary Data Tapes as appended are collectively referred to hereinafter as the "Data Tape").

The Company provided the following data, information, and documents related to the Sample Receivables from October 29, 2025 to December 4, 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. For each Sample Receivable, a PDF or image file of a loan or lease contract (the "Contract"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For each Equipment Lease and Xerox Indirect Sample Receivable, screenshots the Company represented to be from the
Company's related servicing system (the "System Screenshots"), as of October 28, 2025, November 3, 2025 or November 25, 2025 (each a "Screenshot Date"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For the Sample Receivables, Excel files the Company represented to contain information related to the Sample
Receivables' interest rate which the Company represents was sourced from the Company's "ILS Database" (together, the "Yield File"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. For Xerox Direct leases, Excel files "Equipment Type and Maturity Date for Xerox Direct from Xerox
System.xlsx" and "Xerox-Direct PWC Support.xlsx", and an email containing information related to certain attributes of the Xerox Direct Sample Receivables (together the "Xerox Direct Receivables File"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. For Xerox Direct leases, an Excel file, "Xerox Portfolio_Sep25_v2d", represented by the Company as the
remaining cashflows for each Xerox Direct Sample Receivables as of Cut-off Date, showing the next due date and remaining balance on the leases (the "Xerox Direct CF Support"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. For Xerox Direct leases, an Excel file, "Billed but Uncollected_Sep-25_Xerox Direct.xlsx", represented by the Company to contain uncollected amounts as of Cut-off Date (the "Unpaid Support"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. For PEAC Holdings Receivables, PDF reports containing the lease summary (together the "PEAC Holdings Lease
Summary"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. For Equipment Lease and Xerox Indirect, screenshots the Company represented to contain certain payment information (the
"Payment Screenshots"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. For PEAC Holdings Receivables, an Excel file, "Balances for PWC AUP as of 9-30-2025.xlsx" the Company represented to contain information related to the remaining balance of the leases (the "Remaining Balance PEAC Holdings File"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. For PEAC Holdings Receivables PDF reports represented by the Company to contain information related to the
leases' state of incorporation (the "State of Incorporation File"),

------

---

| | |
|:---|:---|
| ![LOGO](g38759g1230234837879.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 4 of 12 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. For PEAC Holdings Receivables PDF reports represented by the Company to contain information related to the
leases' invoicing dates (the "Next Due Date PEAC Holdings File"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. For Working Capital Loans, Excel files represented by the Company to contain the loan amortization information (the
"WC Support"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. For Xerox Direct, an email confirmation mapping the worksheet number to the contract number (the "Xerox Direct ID
Mapping"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. For each Equipment Lease and Xerox Indirect Sample Receivable, screenshots the Company represented to contain equipment
type (the "Equipment Type Data"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. For Sample Receivables, an email confirmation on the variations of lessee name which the Company represented to be
acceptable variations (the "Lessee Confirmation"), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. For six Sample Receivables, PDF files represented by the Company to contain either a) an electronic contract approval
and an agreement authorizing electronic contract approval or b) a purchase order containing a signature; (together the "Authorization Files").

The data, information and documents listed above are collectively referred to as the "Data, Information, and Documents". The Company is responsible for the Data, Information and Documents.

&nbsp;&nbsp;&nbsp;&nbsp;**II.** **Procedures Performed** 

We performed the following agreed-upon procedures on the Sample Receivables. In the event that a file was not clear, data was missing, or there was a question with regard to information contained in the file relevant to the performance of these agreed-upon procedures, we contacted the Company's operations manager or a designee as identified by the Company for clarification prior to reporting any exceptions. We found no exceptions, other than what we have reported in Exhibit I.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. For each Sample Receivable, we either compared, or recalculated and compared the items listed below as set forth in the
Data Tape, to information contained in the related source files listed below, applying the respective "Special Instructions" below which were provided by the Company and accepted by the Specified Parties:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Field on the Data Tape** | **Name of**<br> **source file** | **Compared /**<br> **Recalculated** | **Threshold and/or**<br> **Special Instructions** |
| &nbsp;&nbsp;&nbsp;a. | Contract number | Equipment Lease: "Lease_Number" | System Screenshots | Compared | |
| &nbsp;&nbsp;&nbsp;a. | Contract number | Xerox Indirect: "Lease_Number" | System Screenshots | Compared | |
| &nbsp;&nbsp;&nbsp;a. | Contract number | Xerox Direct: "Lease_Number" | Xerox Direct Receivables File | Compared | |
| &nbsp;&nbsp;&nbsp;a. | Contract number | WC Loan: "Contract_Number" | Contract | Compared | Compare to ID in Contract file name. |
| &nbsp;&nbsp;&nbsp;a. | Contract number | PEAC Holdings Receivables: "Contract Number" | PEAC Holdings Lease Summary | Compared | |
| &nbsp;&nbsp;&nbsp;b. | Name of lessee/ borrower | Equipment Lease: "Customer_Name" | Contract | Compared | Name variations displayed in the Lessee Confirmation are in agreement. |
| &nbsp;&nbsp;&nbsp;b. | Name of lessee/ borrower | Xerox Indirect: "Company_Name" | Contract | Compared | Name variations displayed in the Lessee Confirmation are in agreement. |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 5 of 12 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Field on the Data Tape** | **Name of**<br> **source file** | **Compared /**<br> **Recalculated** | **Threshold and/or**<br> **Special Instructions** |
|  |  | Xerox Direct: "Company_Name" | Contract | Compared |  |
|  |  | WC Loan: "Customer_name" | Contract | Compared |  |
|  |  | PEAC Holdings Receivables: "Customer Name" | PEAC Holdings Lease Summary | Compared |  |
| &nbsp;&nbsp;&nbsp;c.  | i. Commencement date | Equipment Lease: "Contract_Active_Date" | System Screenshots | Compared | 30 day threshold. |
| &nbsp;&nbsp;&nbsp;c.  | i. Commencement date | WC Loan: "Booked_Date"(1) | WC Support | Compared | 30 day threshold. |
| &nbsp;&nbsp;&nbsp;c.  | i. Commencement date | PEAC Holdings Receivables: "Start Date" | PEAC Holdings Lease Summary | Compared | 30 day threshold. |
| &nbsp;&nbsp;&nbsp;c.  | ii. Booking date | Xerox Indirect: "Booking_Date" | System Screenshots | Compared | 30 day threshold. |
| &nbsp;&nbsp;&nbsp;c.  | ii. Booking date | Xerox Direct: "Booking_Date" | Xerox Direct Receivables File | Compared | 30 day threshold. |
| &nbsp;&nbsp;&nbsp;d.  | Equipment cost | Equipment Lease: "Booked_Amount" | System Screenshots | Compared |  |
| &nbsp;&nbsp;&nbsp;d.  | Equipment cost | Xerox Indirect: "Total Amount Financed" | System Screenshots | Compared |  |
| &nbsp;&nbsp;&nbsp;d.  | Equipment cost | Xerox Direct: "Total Amount Financed" | Xerox Direct Receivables File | Compared |  |
| &nbsp;&nbsp;&nbsp;d.  | Equipment cost | WC Loan: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;d.  | Equipment cost | PEAC Holdings Receivables: "Equipment Cost – Contracted" | PEAC Holdings Lease Summary | Recalculated | Subtract the amounts in the "Markup" field of the Data Tape from the amounts displayed in the PEAC Holdings Lease Summary. |
| &nbsp;&nbsp;&nbsp;e.  | Residual | Equipment Lease: "Residual" | System Screenshots | Compared | We were instructed by the Company to perform no procedures on the residual field for Equipment Lease Sample Receivables with a financial residual amount of $0 in the Data File and designated as an "Equipment Finance Agreement" in the Contract. |
| &nbsp;&nbsp;&nbsp;e.  | Residual | Xerox Indirect: "Residual_Amt" | System Screenshots | Compared |  |
| &nbsp;&nbsp;&nbsp;e.  | Residual | Xerox Direct: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;e.  | Residual | WC Loan: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;e.  | Residual | PEAC Holdings Receivables: "Residual" | PEAC Holdings Lease Summary | Compared |  |
| &nbsp;&nbsp;&nbsp;f. | Receivable maturity date (Month and Year) | Equipment Lease: "Maturity Date (Calculated)" | System Screenshots | Compared |  |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 6 of 12 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Field on the Data Tape** | **Name of**<br> **source file** | **Compared /**<br> **Recalculated** | **Threshold and/or**<br> **Special Instructions** |
|  |  | Xerox Indirect: "Term_Date" | System Screenshots | Compared |  |
|  |  | Xerox Direct: "Term_Date" | Xerox<br> Direct Receivables File | Compared |  |
|  |  | WC Loan: "Maturity_Date" | WC Support | Compared |  |
|  |  | PEAC Holdings Receivables: "Maturity Date" | PEAC Holdings Lease Summary | Compared |  |
| &nbsp;&nbsp;&nbsp;g. | Payment amount | Equipment Lease: "CONTRACT_PAYMENT_AMOUNT" | Contract | Compared | For Contracts with multiple payment amounts, use the payment amount applicable as of Cut-off Date. |
| &nbsp;&nbsp;&nbsp;g. | Payment amount | Xerox Indirect: "Payment_Amt" | System Screenshots | Compared |  |
| &nbsp;&nbsp;&nbsp;g. | Payment amount | Xerox Direct: "Payment_Amt" | Xerox<br> Direct Receivables File | Compared |  |
| &nbsp;&nbsp;&nbsp;g. | Payment amount | WC Loan: "contract_payment_amount" | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;g. | Payment amount | PEAC Holdings Receivables: "Rent" | PEAC Holdings Lease Summary | Compared |  |
| &nbsp;&nbsp;&nbsp;h. | Payment frequency | Equipment Lease: "Payment_Frequency" | Contract | Compared | "D" and "Daily"; "W" and "Weekly"; "M" and "Monthly"; and "Q" and "Quarterly" are in agreement. |
| &nbsp;&nbsp;&nbsp;h. | Payment frequency | Xerox Indirect: "Payment_Frequency" | Contract | Compared | "D" and "Daily"; "W" and "Weekly"; "M" and "Monthly"; and "Q" and "Quarterly" are in agreement. |
| &nbsp;&nbsp;&nbsp;h. | Payment frequency | Xerox Direct: "Payment_Frequency" | Contract | Compared | "D" and "Daily"; "W" and "Weekly"; "M" and "Monthly"; and "Q" and "Quarterly" are in agreement. |
| &nbsp;&nbsp;&nbsp;h. | Payment frequency | WC Loan: "Payment_Frequency" | Contract | Compared | "D" and "Daily"; "W" and "Weekly"; "M" and "Monthly"; and "Q" and "Quarterly" are in agreement. |
| &nbsp;&nbsp;&nbsp;h. | Payment frequency | PEAC Holdings Receivables: "Billing Frequency" | PEAC Holdings Lease Summary | Compared | "D" and "Daily"; "W" and "Weekly"; "M" and "Monthly"; and "Q" and "Quarterly" are in agreement. |
| &nbsp;&nbsp;&nbsp;i. | Equipment type | Equipment Lease: "EQUIPMENT_DESCRIPTION" | Equipment Type Data | Compared | Refer to Exhibit II, 1. |
|  | Equipment type | Xerox Indirect: "Equipment_Description" | Equipment Type Data | Compared | Refer to Exhibit II, 1. |
|  | Equipment type | Xerox Direct: "Equipment_Description" | Xerox<br> Direct Receivables File | Compared | Refer to Exhibit II, 1. |
|  | Equipment type | WC Loan: N/A |  |  |  |
|  | Equipment type | PEAC Holdings Receivables: "Equipment Description" | PEAC Holdings Lease Summary | Compared | Refer to Exhibit II, 1. |
| &nbsp;&nbsp;&nbsp;j. | State or territory of bill recipient/ | Equipment Lease: "customer_state" | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;j. | State or territory of bill recipient/ | Xerox Indirect: "State" | Contract | Compared |  |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 7 of 12 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Field on the Data Tape** | **Name of**<br> **source file** | **Compared /**<br> **Recalculated** | **Threshold and/or**<br> **Special Instructions** |
|  | State or territory of incorporation | Xerox Direct: "State" | Contract | Compared |  |
|  | State or territory of incorporation | WC Loan: N/A |  |  |  |
|  | State or territory of incorporation | PEAC Holdings Receivables: "State of Incorporation" | State of Incorporation File | Compared | For Federal Leases, as indicated by the Company, no procedures are performed as the state of incorporation is not applicable. |
| &nbsp;&nbsp;&nbsp;k.  | Security deposit amount | Equipment Lease: "Security_Deposit" | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;k.  | Security deposit amount | Xerox Indirect: "Security_Deposit" | System Screenshots | Compared |  |
| &nbsp;&nbsp;&nbsp;k.  | Security deposit amount | Xerox Direct: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;k.  | Security deposit amount | WC Loan: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;k.  | Security deposit amount | PEAC Holdings Receivables: N/A |  |  |  |
| &nbsp;&nbsp;&nbsp;l.  | Interest rate/IRR/yield | Equipment Lease: "Net_Yield (%)" | Yield File | Compared |  |
| &nbsp;&nbsp;&nbsp;l.  | Interest rate/IRR/yield | Xerox Indirect:<br> "Net_Yield_pre_Commision" | Yield File | Compared |  |
| &nbsp;&nbsp;&nbsp;l.  | Interest rate/IRR/yield | Xerox Direct:<br> "Net_Yield_post_Commision" | Yield File | Compared |  |
| &nbsp;&nbsp;&nbsp;l.  | Interest rate/IRR/yield | WC Loan: "Net Yield" | Yield File | Compared |  |
| &nbsp;&nbsp;&nbsp;l.  | Interest rate/IRR/yield | PEAC Holdings Receivables: "Book Yield" | Yield File | Compared |  |
| &nbsp;&nbsp;&nbsp;m. | Next due date<br> (Month and Year) | Equipment Lease: "Paid_To_Date" | System Screenshots & Payment Screenshots | Recalculated | Refer to Exhibit II, 2. |
| &nbsp;&nbsp;&nbsp;m. | Next due date<br> (Month and Year) | Xerox Indirect: "Next Due date" | System Screenshots | Recalculated / Compared | i) For monthly payment frequencies per the Data Tape: add one month to the Cut-off Date;<br> ii) For non-monthly payment frequencies per the Data Tape: compare to the System Screenshots. |
| &nbsp;&nbsp;&nbsp;m. | Next due date<br> (Month and Year) | Xerox Direct: "Next Due date" | Xerox Direct CF Support | Compared | The month and year of the first positive amount listed in the Xerox Direct CF Support file. |
| &nbsp;&nbsp;&nbsp;m. | Next due date<br> (Month and Year) | WC Loan: "Next due date" | WC Support | Compared |  |
| &nbsp;&nbsp;&nbsp;m. | Next due date<br> (Month and Year) | PEAC Holdings Receivables: "Next due date" | Next Due Date PEAC Holdings File | Recalculated / Compared | The Next Due Date PEAC Holdings File indicates the last invoice paid |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 8 of 12 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Field on the Data Tape** | **Name of**<br> **source file** | **Compared /**<br> **Recalculated** | **Threshold and/or**<br> **Special Instructions** |
|  |  |  |  |  | before the Cut-off Date. The next "Invoice Due Date" has been considered for our comparison. For PEAC Holdings Receivables with a payment frequency of "Yearly", when the next due date is not shown in the support, add 12 months to the last "Invoice Due Date". |
| &nbsp;&nbsp;&nbsp;n.  | Original term of receivable | Equipment Lease: "Contract_Term' | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;n.  | Original term of receivable | Xerox Indirect: "Original_Term" | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;n.  | Original term of receivable | Xerox Direct: "Original_Term" | Contract | Compared |  |
| &nbsp;&nbsp;&nbsp;n.  | Original term of receivable | WC Loan: "Contract_Term" | Contract | Recalculated / Compared | If not displayed on the Contract, for contracts with payment frequency of "D" or "W" on the Data Tape, recalculate the contract term as the number of months between the commencement date and the maturity date. |
| &nbsp;&nbsp;&nbsp;n.  | Original term of receivable | PEAC Holdings Receivables: "Term-Months" | PEAC Holdings Lease Summary | Compared |  |
| &nbsp;&nbsp;&nbsp;o.  | Contract remaining balance | Equipment Lease: "Contract_Balance_Remaining" | System Screenshots & Payment Screenshots | Recalculated | Refer to Exhibit II, 3. |
| &nbsp;&nbsp;&nbsp;o.  | Contract remaining balance | Xerox Indirect: "Contract Balance Remaining" | System Screenshots & Payment Screenshots | Recalculated | Refer to Exhibit II, 3. |
| &nbsp;&nbsp;&nbsp;o.  | Contract remaining balance | Xerox Direct: "Contract Balance Remaining" | Xerox Direct CF Support & Unpaid Support | Recalculated | Sum the payments indicated in the Xerox Direct CF Support after the Cut-off Date together with the amounts in the Unpaid Support. |
|  |  | WC Loan: "Contract_Balance_Remaining" | WC Support | Recalculated | Sum the payments indicated in the WC Support after the Cut-off Date. |
|  |  | PEAC Holdings Receivables: "Receivables" | Remaining Balance PEAC Holdings File | Compared |  |

---

(1) The Company represented that "Booked_Date" on the Data Tape is commencement date.

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 9 of 12 |

---

We have not performed any procedure above for which the "Field on the Data Tape" above indicates "N/A".

&nbsp;&nbsp;&nbsp;&nbsp;2. For 144 Sample Receivables, we observed the presence of a signature on the contract. For 6 Sample Receivables we were
provided Authorization Files. We make no comment as to the authenticity or validity of any signature or Authorization Files.

\*\*\*

This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to, and did not conduct an audit or an examination engagement, the objective of which would be the expression of an opinion, or a review engagement, the objective of which would be the expression of a conclusion, on the accuracy of certain attributes of the Sample Receivables as of the Cut-off Date . Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

In performing this engagement, we are required to be independent of the Responsible Party and to meet our ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the Specified Parties (including for purposes of substantiating the Specified Parties' "due diligence defense" under the Securities Act of 1933), and is not intended to be and should not be used by anyone other than the Specified Parties.

If a party has obtained, or has access to, this report without having executed an agreement with PwC wherein such party accepts responsibility for the appropriateness of the procedures performed (such party is herein referred to as a "Non-Specified Party"), that Non-Specified Party cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Rely upon this report, and any use of this report by that Non-Specified Party
is its sole responsibility and at its sole and exclusive risk;

ii) Acquire any rights or claims against PwC, and PwC assumes no duties or obligations to such Non-Specified Party.

A Non-Specified Party may not disclose or distribute this report or any of the report's contents to any other party (including but not limited to electronic distribution and/or posting to a website pursuant to Rule 17G-5 of the Securities Exchange Act of 1934).

The procedures enumerated above were performed as of the date of this report, and we disclaim any consideration of any events and circumstances occurring after the date of this report. Further, we have no obligation to update this report because of events occurring, or data or information coming to our attention, subsequent to the date of this report.

/s/ PricewaterhouseCoopers LLP

New York, New York

December 23, 2025

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 10 of 12 |

---

**Exhibit I** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;**Sample Receivable** | **Procedure** | **Description** | **Data Tape** | **Support** |
| &nbsp;&nbsp;&nbsp;150 | 1.g. | Payment amount | 60228.81 | 20076.27 |
| &nbsp;&nbsp;&nbsp;65 | 1.j. | State or territory of bill recipient/<br> state or territory of incorporation | CA | FL |
| &nbsp;&nbsp;&nbsp;145 | 1.j. | State or territory of bill recipient/<br> state or territory of incorporation | Virginia | Delaware |
| &nbsp;&nbsp;&nbsp;149 | 2.b. | Contract remaining balance | 538110 | 526152 |
| &nbsp;&nbsp;&nbsp;147 | 1.l. | Interest rate / IRR / yield | 14.79 | 16.48 |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 11 of 12 |

---

**Exhibit II** 

**Schedule of Assumptions Provided by the Company** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. For purposes of comparing the Equipment type field, the below were considered to be in agreement:

---

| | |
|:---|:---|
| **Data Tape** | **Source Equipment type** |
| Copiers & Printing | COPIER |
| Copiers | 014.004 (Copiers) |
| Ice Machines | 011.002 (Ice Machines) |
| Medical | 004.000 (Medical) |
| Other Office Equipment | 014.100 (Other Office Equ |
| Air Compressors | 006.005 (Air Compressors) |
| VOIP | 020.004 (VOIP) |
| Musical Instruments | 050.000 (Musical Instrume |
| Signs - Non Customized | 036.000 (Signs-Non Cust |
| Other Restaurant | 011.100 (Other Restauran |
| Dental Implant Systems | 077.001 (Dental Implant S |
| Fitness | 019.000 (Fitness) |
| Other C&I | 006.100 (Other C&I) |
| HVAC | 046.000 (HVAC) |
| Fork Lift | 006.008 (Fork Lift) |
| Furnace | 006.010 (Furnace) |
| Excavator | 028.005 (Excavator) |
| Exam/Patient Room Devices | 076.003 (Exam/Patient Ro |
| Printing | 001.001 (Printing) |
| Office Furniture | 014.011 (Office Furniture) |
| Other Construction | 028.100 (Other Constructi |
| Cosmetic Therapy | 075.001 (Cosmetic Therap |
| Titled V-Trailers | 500.003 (Titled V-Trailers) |
| Copiers & Printing | 014.004 (Copiers) |
| Copiers & Printing | 001.001 (Printing) |
| Office Equipment & Furniture | 014.100 (Other Ofiice Equ |
| &nbsp;&nbsp; Cosmetic Therapy | 075.001 (Cosmetic Therap |
| &nbsp;&nbsp; Dental Implant Systems | 077.001 (Dental Implant S |
| &nbsp;&nbsp; Exam/Patient Room Devices | 076.003 (Exam/Patient Ro |
| &nbsp;&nbsp; Musical Instruments | 050.000 (Musical Instrume |
| &nbsp;&nbsp; Office Equipment & Furniture | 014.100 (Other Ofiice Equ |
| &nbsp;&nbsp; Other Construction | 028.100 (Other Constructi |
| &nbsp;&nbsp; Other Office Equipment | 014.100 (Other Office Equ |
| &nbsp;&nbsp; Other Restaurant | 011.100 (Other Restauran |
| &nbsp;&nbsp; Signs - Non Customized | 036.000 (Signs-Non Cust |
| &nbsp;&nbsp; Titled V-Commercial | 500.006 (Titled V-Comme |
| Computers: Desktops, Computers: Notebooks, Computers: Tablets, Computers: Workstations, Displays: Monitors, Hardware Maintenance & Support, Options for Notebooks & Tablets | Options for Notebooks & Tablets, Computers: Workstations, Displays: Monitors, Computers: Desktops, Hardware Maintenance & Support, Computers: Tablets, Computers: Notebooks. |
| First Call - HW M&S, Network: Web: Firewall, Network: Web: Internet Appliance, Software Maintenance & Support, SW: Firewall/VPN (License) | Software Maintenance & Support, Network Web: Firewall, First Call - HW M&S, Network: Web: Internet Appliance, SW: Firewall/VPN (License). |
| Computers: Notebooks, Hardware Maintenance & Support, Options for Handhelds | Computers: Notebooks, Options for Handhelds, Hardware Maintenance & Support. |

---

------

---

| | |
|:---|:---|
| ![LOGO](g38759dsp01.jpg) | Report of Independent Accountants on Applying Agreed-Upon Procedures<br> PEAC Solutions Receivables 2026-1 LLC<br> December 23, 2025<br> Page 12 of 12 |

---

---

| | |
|:---|:---|
| **Data Tape** | **Source Equipment type** |
| Computers: Desktops, Displays: Monitors, Hardware Maintenance & Support, Options for Storage, Processors, SW: Network Security Software (License), SW: Security (License), SW: Storage Software (License) | Options for Storage, Processors, Power Supplies, Network: LAN Switches, Hardware Maintenance & Support, Cables: Others, SW: Firewall/VPN (License), Network: Web: Firewall, Switch Boxes. |
| SW: Network Software (License), SW: Security (License), SW: Storage Software (License) | SW: Storage Software (License), SW: Security (License), SW: Network Software (License). |
| Network: LAN Switches, Network: Modules: Others, Network: Others, Network: Security Devices, Network: Transceivers, Network: Web: Content Filter/Engine, Power Supplies, UPS | Network: LAN Switches, Network: Modules: Others, Network: Transceivers, Network: Web: Content Filter/Engine, Network: Others, UPS, Power Supplies, Network: Security Devices. |
| 3rd Party - Consulting Services, 3rd Party - Installation Services, 3rd Party - Professional Services, Options for Printers, Software Maintenance & Support, SW: Printer Software (License) | Software Maintenance & Support, 3rd Party - Consulting Services, SW: Printer Software (License), 3rd Party - Professional Services, Options for Printers. |
| 3rd Party - Professional Services, Cables: Others, Drives: HD, Hardware Maintenance & Support, Memory: Network Flash, Network Storage, Network: Modules: Others, Network: Others, Options for Storage, Software Maintenance & Support, SW: Storage Software (License) | Network: Modules: Others, SW: Storage Software (License), Options for Storage, Memory: Network Flash, Network: Others, Software Maintenance & Support, 3rd Party - Professional Services, Cables: Others, Drives: HD, Network Storage. |
| 3rd Party - Installation Services, 3rd Party - Professional Services, AC Adapters & Power Cords, Boards: Controllers, Copiers & Fax Machines, Hardware Maintenance & Support, Memory: Others, Network: Modules: Others, Other Input Devices, Plotters, Printers: Multifunction, SW: Printer Software (License) | Printers: Multifunction, Other Input Devices, Memory: Others, 3rd Party - Installation Services, 3rd Party - Professional Services, Copiers & Fax Machines, AC Adapters & Power Cords, Hardware Maintenance & Support, Network: Modules: Others, SW: Printer Software (License), Plotters, Boards: Controllers. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. For Equipment Lease Sample Receivables, for purposes of recalculating and comparing Next Due Date, we were instructed
by the Company to apply the below methodology:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Subtract one month from the "next aging date" displayed in the System Screenshots.

ii) For Sample Receivables with preliminary differences to 2.i) above, use the due date of the earliest payment displayed in the Payment Screenshots with a date received in the Payment Screenshots occurring after the Cut-off Date.

iii) For Sample Receivables with preliminary differences to 2.i) and 2.ii) above, use the due date received in the Payment Screenshots before the Cut-off Date, and a posted to account date in the Payment Screenshots after the Cut-off Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. For each Equipment Lease and Xerox Indirect Sample Receivables, for purposes of recalculating and comparing contract
remaining balance, we were instructed by the Company to apply the below methodology:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Use the contract remaining balance displayed in the System Screenshots.

ii) For Sample Receivables with preliminary differences to 3.i) above, add payments indicating a date received in the Payment Screenshots between the Cut-off Date and Screenshot Date, if any, to the contract remaining balance displayed in the System Screenshots.

iii) For Sample Receivables with preliminary differences to 3.i) and 3.ii) above, add payments indicating a date received in the Payment Screenshots before the Cut-off Date, and a posted to account date in the Payment Screenshots after the Cut-off Date, but on or before the Screenshot Date in the Payment Screenshots, to the contract remaining balance displayed in the System Screenshots.