# EDGAR Filing Document

**Accession Number:** 0001630159
**File Stem:** 0001104659-23-040205
**Filing Date:** 2023-3
**Character Count:** 28318
**Document Hash:** e3881530d2c64c0943ad381aa240bec0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-040205.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001104659-23-040205

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230331

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

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First National Holdings LLC
- **CENTRAL INDEX KEY:** 0001630159
- **IRS NUMBER:** 200817338

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01726
- **FILM NUMBER:** 23787999

**BUSINESS ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 3126830800

**MAIL ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First National Holdings LLC
- **CENTRAL INDEX KEY:** 0001630159
- **IRS NUMBER:** 200817338

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

**BUSINESS ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 3126830800

**MAIL ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First National Holdings LLC
- **CENTRAL INDEX KEY:** 0001630159
- **IRS NUMBER:** 200817338

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01726

**BUSINESS ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 3126830800

**MAIL ADDRESS:**
- **STREET 1:** 120 NORTH LASALLE STREET, 29TH FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM ABS-15G**

**ASSET-BACKED SECURITIZER**

**REPORT PURSUANT TO SECTION 15G OF<br> 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)_____________________

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)

Central Index Key Number of depositor: <u>0001630159</u> 

<u>FNA VII, LLC</u> <br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of issuing entity (if applicable): <u>N/A</u> <br> <br> Central Index Key Number of underwriter (if applicable): <u>N/A</u> 

---

| |
|:---|
| John Eisinger, (303) 398-2960 |
| Name and telephone number, including area code, of the person to contact in connection with this filing |

---

SEC 2860 (6-15) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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

Attached as Exhibit 99.1 hereto is the Independent Accountants' Report on Applying Agreed-Upon Procedures, dated March 28, 2023, of KPMG International Limited, which report sets forth the procedures and findings with respect to certain agreed-upon procedures performed by KPMG International Limited pertaining to FNA VII, LLC's Class A Series 2023-1.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit <br> Number** | **Description** |
| [99.1](tm2311201d1_ex99-1.htm) | [Independent Accountants' Report on Applying Agreed-Upon Procedures, dated March 28, 2023, of KPMG International Limited.](tm2311201d1_ex99-1.htm) |

---

SEC 2860 (6-15) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

**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.

<u>FNA VII, LLC</u> (Securitizer, Depositor or Underwriter)

Date March 31, 2023

---

| | |
|:---|:---|
| /s/ John Eisinger | (Signature)\* |

---

\*Print name and title of the signing officer under his signature.

Name: John Eisinger<br> Title: Chief Executive Officer and President

## Exhibit 99.1

**Exhibit 99.1**

![](tm2311201d1_ex99-1img001.jpg)

KPMG LLP

Suite 700

20 Pacifica

Irvine, CA 92618-3391

**Independent Accountants' Agreed-Upon Procedures Report**

First National Holdings LLC (the "Company")<br> Cantor Fitzgerald & Co.<br> (together, the "Specified Parties")

Re: FNA VII, LLC, Series 2023-1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "FNA VII Consolidated Loan Tape and Tables _ 2023.02.28 - v1.1.xlsx" provided by the Company March 20, 2023, containing information on 9,312 Tax Liens and Property Assessed Clean Energy ("PACE") Assessments (the "Assets") as of February 28, 2023 (the "Data File"), which we were informed are intended to be included as collateral in the offering by FNA VII, LLC, Series 2023-1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

● The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold.

● The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold.

● The term "reporting threshold" means that dollar amounts, percentages, and date were within $2.00, 0.1%, and 1 day respectively, except for differences related to Interest Amount and Market Value which were within 10%.

● The term "Cutoff Date" means January 31, 2023 for Sample Assets #1 to #78 and February 28, 2023 for Sample Assets #79 to #80 (as defined below).

● The term "Data File Extract Date" means February 7, 2023, for Sample Assets #1 to #78, or March 4, 2023, for Sample Assets # 79 and #80.

● The term "Sources" means the following documents:

Scanned copies of the Certificate of Purchase, Certificate of Sale, Certificate of Tax Sale, Demand for Payoff Document, FEMA Certificate, Payment Agreement, Promissory Note, Purchase and Sale Agreement, Sale Receipt, Take Notice, Tax Certificate, Tax Lien Transfer, Tax Payment Agreement, and electronic mail correspondence confirming details of the tax liens purchased from auctions (the "Auction Purchase Confirmation Emails"), which were furnished and represented by the Company to be copies of the original documents;

KPMG LLP, a Delaware limited liability partnership and a member firm of <br> the KPMG global organization of independent member firms affiliated with<br> KPMG International Limited, a private English company limited by guarantee.

![](tm2311201d1_ex99-1img001.jpg)

– Screenshots furnished and represented by the Company to be from the Company's servicing systems (the "System Screenshots");

Tax Amount, Current Interest Rate, Overbid Amount, and Market Value (property appraisal value) related to one or more tax liens sold by the county, which we obtained from specific county assessor's websites ("County Assessor's Websites") (listed in Exhibit A), as instructed and provided by the Company;

– Screenshots furnished and represented by the Company to be from the County Assessor's Websites (the "County Records");

– Excel file from the Company entitled "#4,5,6, - 2021.05.25 - LienHub Winning Bids - Duval 2021.xls", detailing the auction results for Sample Assets in Duval, Florida (the "LienHub Results");

– Excel file from the Company entitled "Tax Sale Real Estate List 2022.xlsx," detailing the auction results for Sample Assets in Lexington, South Carolina (the "Tax Sale Real Estate List"); and,

– Excel file from the Company entitled "State-by-State Interest Calculations Overview.xlsx", detailing each state's statutory interest rate and the interest rate accrual methodology for each state (the "State Interest Overview").

● The term "Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, or methodology, as described in Exhibit D.

● The term "Provided Information" means the Sources and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. We randomly selected a sample of 80 Assets from the Data File
(the "Sample Assets"). A listing of the Sample Assets is attached hereto as Exhibit B. For purposes of this procedure,
the Company did not inform us of the basis they used to determine the number of Assets we were instructed to randomly select from the
Data File.

B. For each Sample Asset, we compared or recomputed the specified
Attributes listed in the table below to or using the corresponding Sources included in the Sources column in the table below, utilizing
the Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Sources or the inability
to agree the indicated information from the Data File to the Sources for each of the Attributes identified, utilizing the Instructions,
as applicable, constituted an exception. The sources are listed in the order of priority.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Attribute</u>** | &nbsp;&nbsp;**<u>Sources</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchase Date | &nbsp;&nbsp;Auction Purchase Confirmation Emails, LienHub Results, Payment Agreement, Purchase and Sale Agreement, Sale Receipt, System Screenshots |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;County | &nbsp;&nbsp;Auction Purchase Confirmation Emails, County Assessor's Websites, Payment Agreement, Purchase and Sale Agreement, Sale Receipt, System Screenshots |

---

![](tm2311201d1_ex99-1img001.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Attribute</u>** | &nbsp;&nbsp;**<u>Sources</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State | &nbsp;&nbsp;Auction Purchase Confirmation Emails, Payment Agreement, Purchase and Sale Agreement, Sale Receipt, System Screenshots |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property Type | &nbsp;&nbsp;County Assessor's Websites, FEMA Certificate, System Screenshots, and Instructions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Interest Rate | &nbsp;&nbsp;Auction Purchase Confirmation Emails, Certificate of Sale, Certificate of Tax Sale, Payment Agreement, Sale Receipt, State Interest Overview, System Screenshots |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax Amount/Principal | &nbsp;&nbsp;Auction Purchase Confirmation Emails, Certificate of Purchase, Certificate of Sale, County Records, Demand for Payoff Document, LienHub Results, Payment Agreement, System Screenshots, Sale Receipt, Tax Certificate, Tax Sale Real Estate List, and Instructions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overbid Amount | &nbsp;&nbsp;Auction Purchase Confirmation Emails, County Records, Tax Certificate, Tax Sale Real Estate List |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimbursable Fees | &nbsp;&nbsp;Demand for Payoff Document, Purchase and Sale Agreement, Sale Receipt, System Screenshots, Take Notice, and Instructions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Market Value | &nbsp;&nbsp;County Assessor's Websites, County Records, Tax Lien Transfer, and Instructions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Amount | &nbsp;&nbsp;Tax Amount/Principal and Current Interest Rate from the Data File, statutory interest rate and accrual methodology in the State Interest Overview, Systems Screenshots, Promissory Note, Tax Payment Agreement, Demand for Payoff Document, and Instructions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redemptive Value | &nbsp;&nbsp;Tax Amount, Interest Amount, Reimbursable Fees, Overbid Amount, and Subsequent Tax Amount from the Data File, and Instructions |

---

We found such information to be in agreement, except as stated in Exhibit C.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. 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.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the Assets, (iii) the reliability or accuracy of the Provided Information, which was used in our procedures, or (iv) matters of legal interpretation.

![](tm2311201d1_ex99-1img001.jpg)

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the Assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such Assets being securitized, (iii) the compliance of the originator of the Assets with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the Assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California<br> March 28, 2023

**Exhibit A – County Assessor's Websites provided by the Company**

---

| | | |
|:---|:---|:---|
| **<u>State</u>** | **<u>County</u>** | **<u>Website</u>** |
| Arizona | Mohave | https://eagletw.mohavecounty.us/treasurer/eagleweb/report/ |
| Arizona | Pima | https://www.asr.pima.gov/Parcel/Index |
| Arizona | Pima | https://www.to.pima.gov/propertyInquiry/?stateCodeB=401&stateCodeM=07&stateCodeP=0600 |
| California | All California counties | https://assr.parcelquest.com/Home/Details/0 |
| Florida | Broward | https://web.bcpa.net/bcpaclient/index.html#/Record-Search |
| Florida | Charlotte | https://www.ccappraiser.com/RPSearchValueHistory.asp?yr=2019 |
| Florida | Citrus | https://www.citruspa.org/_web/search/commonsearch.aspx?mode=realprop |
| Florida | Collier | https://www.collierappraiser.com/ |
| Florida | Desoto | http://www.desotopa.com/gis/ |
| Florida | Duval | https://paopropertysearch.coj.net |
| Florida | Duval | https://fl-duval- taxcollector.publicaccessnow.com/PropertyTax<br> Search/AccountDetail/BillDetail.aspx |
| Florida | Hillsborough | http://dmz.hcpafl.org |
| Florida | Hardee | https://qpublic.schneidercorp.com/Application.aspx |
| Florida | Lee | https://www.leepa.org/Display/DisplayTrim.aspx |
| Florida | Lee | https://www.leetc.com/ncp/search_detail.asp 1/1 |
| Florida | Leon | https://itm.leoncountyfl.gov/ITM/PropertyAcctBill.aspx |
| Florida | Leon | https://itm.leoncountyfl.gov/ITM/PropertyAcctBill.aspx? |
| Florida | Leon | https://www.leonpa.org/pt/Datalets/Datalet.aspx?sIndex=2&idx=1 |
| Florida | Marion | http://www.pa.marion.fl.us/PRC.aspx? |
| Florida | Martin | https://www.pa.martin.fl.us/app/search |
| Florida | Marion | https://www.mariontax.com/itm/PropertyAcctBill.aspx? |
| Florida | Martin | https://martin.county-taxes.com/public/real_estate/parcels |
| Florida | Miami Dade | https://www.miamidade.gov/Apps/PA/propertysearch |
| Florida | Okeechobee | http://www.okeechobeepa.com/TRIMS2020/ |
| Florida | Orange Count | https://www.ocpafl.org/searches/ParcelSearch.aspx? |
| Florida | Palm Beach | https://www.pbcgov.com/papa/Asps/PropertyDetail/PropertyDetail.aspx |
| Florida | Pinellas | https://www.pcpao.gov |
| Florida | Polk | https://www.polkpa.org/CamaDisplay.aspx |
| Florida | Putnam | https://apps.putnam-fl.com/pa/property/ |
| Florida | St. Johns | https://qpublic.schneidercorp.com/Application.aspx?AppID=960&LayerID=21179&PageTypeID=2&PageID=9057 |
| Florida | Volusia | https://vcpa.vcgov.org/parcel/ |
| Florida | Walton | https://walton.county-taxes.com/public/real_estate/parcels |
| Illinois | Cook | https://www.cookcountyassessor.com/pin/ |
| Illinois | Lake | https://tax.lakecountyil.gov/datalets |
| Maryland | Montgomery | https://sdat.dat.maryland.gov/RealProperty |
| Maryland | Montgomery | https://apps.montgomerycountymd.gov/RealPropertyTax |
| New Jersey | Union | https://njpropertyrecords.com/property |
| New York | Nassau | lrv.nassaucountyny.gov |
| South Carolina | Beaufort | https://www.beaufortcountytreasurer.com/tax-bill-lookup/2019/rpp/ |
| South Carolina | Charlotte | https://charlotte.county-taxes.com/public/real_estate/parcels/ |
| South Carolina | Greenville | https://www.greenvillecounty.org/appsAS400/RealProperty/Default.aspx |
| South Carolina | Lexington | https://www.lex-co.com/scripts/cgiip.exe/WService=wsCAMA/new<br> WebSearches/ |
| Texas | Bexar | http://bexar.trueautomation.com/clientdb/Property.aspx |
| Texas | Bowie | http://www.bowieappraisal.com/account/ |
| Texas | Brazoria | https://propaccess.trueautomation.com/clientdb/Property.aspx? |
| Texas | Cameron | https://www.cameroncad.org/property-detail |
| Texas | Collin | https://www.collincad.org/propertysearch |
| Texas | Dallas | http://www.dallascad.org/AcctDetailRes.aspx? |
| Texas | Denton | https://www.dentoncounty.gov/841/Search-Property-Tax-Records |
| Texas | Desoto | http://www.desotopa.com/gis/ |
| Texas | Ector | http://www.ectorcad.org/ |
| Texas | El Paso | https://www.epcad.org/Search/Details/ |

---

**Exhibit A – County Assessor's Websites provided by the Company (continued)**

---

| | | |
|:---|:---|:---|
| **<u>State</u>** | **<u>County</u>** | **<u>Website</u>** |
| Texas | Grimes | https://grimescad.org/Property-Detail/PropertyQuickRefID/ |
| Texas | Guadalupe | https://propaccess.trueautomation.com/clientdb/Property.aspx?cid=96 |
| Texas | Harris | https://hcad.org/property-search/real-property/real-property-search-by-address/ |
| Texas | Jefferson | https://esearch.jcad.org/Property/View/95210 |
| Texas | Liberty | https://esearch.libertycad.com/ |
| Texas | Limestone | http://propertysearch.limestonecad.com/ |
| Texas | Montgomery | https://mcad-tx.org/Property-Detail/PropertyQuickRefID |
| Texas | Palo Pinto | http://iswdataclient.azurewebsites.net/ |
| Texas | Potter Randall | https://esearch.prad.org/ |
| Texas | Tarrant | https://www.tad.org/property.php |
| Texas | Travis | http://propaccess.traviscad.org/clientdb/Property.aspx |
| Texas | Webb | https://webb.go2gov.net |
| Texas | Williamson | https://tax.wilco.org/Property-Detail/PropertyQuickRefID/ |
| Texas | Zavala | https://esearch.zavalacad.com/ |

---

**Exhibit B – The Sample Assets**

---

| | | | |
|:---|:---|:---|:---|
| **<u>Sample Asset Number</u>** | **<u>Sample Asset ID</u>** | **<u>Sample Asset Number</u>** | **<u>Sample Asset ID</u>** |
| 1 | 2023-1-01 | 41 | 2023-1-41 |
| 2 | 2023-1-02 | 42 | 2023-1-42 |
| 3 | 2023-1-03 | 43 | 2023-1-43 |
| 4 | 2023-1-04 | 44 | 2023-1-44 |
| 5 | 2023-1-05 | 45 | 2023-1-45 |
| 6 | 2023-1-06 | 46 | 2023-1-46 |
| 7 | 2023-1-07 | 47 | 2023-1-47 |
| 8 | 2023-1-08 | 48 | 2023-1-48 |
| 9 | 2023-1-09 | 49 | 2023-1-49 |
| 10 | 2023-1-10 | 50 | 2023-1-50 |
| 11 | 2023-1-11 | 51 | 2023-1-51 |
| 12 | 2023-1-12 | 52 | 2023-1-52 |
| 13 | 2023-1-13 | 53 | 2023-1-53 |
| 14 | 2023-1-14 | 54 | 2023-1-54 |
| 15 | 2023-1-15 | 55 | 2023-1-55 |
| 16 | 2023-1-16 | 56 | 2023-1-56 |
| 17 | 2023-1-17 | 57 | 2023-1-57 |
| 18 | 2023-1-18 | 58 | 2023-1-58 |
| 19 | 2023-1-19 | 59 | 2023-1-59 |
| 20 | 2023-1-20 | 60 | 2023-1-60 |
| 21 | 2023-1-21 | 61 | 2023-1-61 |
| 22 | 2023-1-22 | 62 | 2023-1-62 |
| 23 | 2023-1-23 | 63 | 2023-1-63 |
| 24 | 2023-1-24 | 64 | 2023-1-64 |
| 25 | 2023-1-25 | 65 | 2023-1-65 |
| 26 | 2023-1-26 | 66 | 2023-1-66 |
| 27 | 2023-1-27 | 67 | 2023-1-67 |
| 28 | 2023-1-28 | 68 | 2023-1-68 |
| 29 | 2023-1-29 | 69 | 2023-1-69 |
| 30 | 2023-1-30 | 70 | 2023-1-70 |
| 31 | 2023-1-31 | 71 | 2023-1-71 |
| 32 | 2023-1-32 | 72 | 2023-1-72 |
| 33 | 2023-1-33 | 73 | 2023-1-73 |
| 34 | 2023-1-34 | 74 | 2023-1-74 |
| 35 | 2023-1-35 | 75 | 2023-1-75 |
| 36 | 2023-1-36 | 76 | 2023-1-76 |
| 37 | 2023-1-37 | 77 | 2023-1-77 |
| 38 | 2023-1-38 | 78 | 2023-1-78 |
| 39 | 2023-1-39 | 79 | 2023-1-79 |
| 40 | 2023-1-40 | 80 | 2023-1-80 |

---

(\*) The Company has assigned a unique Asset ID to each asset in the Data File. The Asset ID referred to in this Exhibit are not the actual Asset IDs.

**Exhibit C – Exception List**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Sample<br> Asset #</u>** | &nbsp;&nbsp;**<u>Sample<br> Asset ID</u>** | &nbsp;&nbsp;**<u>Attribute</u>** | &nbsp;&nbsp;**<u>Per <br> Data File</u>** | &nbsp;&nbsp;**<u>Per <br> Sources</u>** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;2023-1-10 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$329056.00 | &nbsp;&nbsp;N/A |
| &nbsp;&nbsp;16 | &nbsp;&nbsp;2023-1-60 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$351091.00 | &nbsp;&nbsp;$523575.00 |
| &nbsp;&nbsp;51 | &nbsp;&nbsp;2023-1-51 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$140000.00 | &nbsp;&nbsp;$76010.00 |
| &nbsp;&nbsp;57 | &nbsp;&nbsp;2023-1-57 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$62010.00 | &nbsp;&nbsp;$35010.00 |
| &nbsp;&nbsp;58 | &nbsp;&nbsp;2023-1-58 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$93612.00 | &nbsp;&nbsp;$202312.00 |
| &nbsp;&nbsp;59 | &nbsp;&nbsp;2023-1-59 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$88780.00 | &nbsp;&nbsp;$35000.00 |
| &nbsp;&nbsp;60 | &nbsp;&nbsp;2023-1-60 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$51030.00 | &nbsp;&nbsp;$40610.00 |
| &nbsp;&nbsp;65 | &nbsp;&nbsp;2023-1-65 | &nbsp;&nbsp;Market Value | &nbsp;&nbsp;$110011.00 | &nbsp;&nbsp;$183410.00 |

---

**Exhibit D – Instructions**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Attribute** | &nbsp;&nbsp;**Instructions** |
| &nbsp;&nbsp;Property Type | &nbsp;&nbsp; For Sample Assets in Florida, consider a description of "Multifamily" on the County Assessor's Websites as "Condo."<br>For Sample Assets with a land value greater than zero and an improvement value of zero on the County Assessor's Websites, consider the Property Type as "Vacant."<br>For Sample Asset #52, consider a description of "Residential - Improved" on the County Assessor's Websites as "Single Family Residence." |
| &nbsp;&nbsp;Tax Amount/Principal | &nbsp;&nbsp;For Sample Asset #13, recompute the Tax Amount/Principal as the total amount minus the 5% Supplemental Indemnity Fee and the Statutory Clerk Fees displayed in the Certificate of Purchase. |
| &nbsp;&nbsp;Reimbursable Fees | &nbsp;&nbsp;For Sample #63, recompute the Reimbursable Fees as the sum of the charges and excluded any retroactive charges after December 31, 2022 in the System Screenshots. |
| &nbsp;&nbsp;Market Value | &nbsp;&nbsp; For Tax Liens in Union County, New Jersey, recalculate the market value as the quotient of the Total Assessment Value divided by the Tax Ratio listed on the County Assessor's Websites.<br>For Tax Liens in Lexington County, South Carolina, recalculate the market value as the sum of the Taxable Land Assessed Value and Taxable Building Assessed Value listed on the County Assessor's Websites. |
| &nbsp;&nbsp;Interest Amount | &nbsp;&nbsp; Recompute as the product of (i) Tax Amount in the Data File, (ii) the respective statutory interest rate and accrual methodology from the State Interest Overview, and (iii) the number of days between the purchase date in the Data File and the Data File Extract Date.<br>For Sample Assets in Texas and Nevada, recompute as the product of (i) the Principal Balance in the Data File, (ii) the quotient of the Current Interest Rate in the Data File, and the days per year in the Promissory Note, or Tax Payment Agreement, where applicable, and (iii) the number of days between (a) Interest Paid to Date in the Demand for Payoff Document or System Screenshots and (b) the Data File Extract Date.<br>For Sample Assets in New Jersey, recompute as the sum of (a) the product of the (i) Tax Amount in the Data File, (ii) the respective statutory interest rate and accrual methodology from the State Interest Overview, and (iii) the number of days between the purchase date in the Data File and the Cutoff Date and (b) the product of the (i) Subsequent Tax Amount in the System Screenshots, (ii) the statutory interest rate and accrual methodology from the State Interest Overview, and (iii) the number of days between the Purchase Date in the Data File and the Cutoff Date. |
| &nbsp;&nbsp;Redemptive Value | &nbsp;&nbsp;Recompute as the sum of Tax Amount, Interest Amount, Reimbursable Fees, Overbid Amount, and Subsequent Tax Amount in the Data File. |

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