# EDGAR Filing Document

**Accession Number:** 0000945394
**File Stem:** 0001104659-26-012618
**Filing Date:** 2026-2
**Character Count:** 24332
**Document Hash:** f73795255236f58dfa3ee142dd83db7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-012618.hdr.sgml**: 20260210

**ACCESSION NUMBER**: 0001104659-26-012618

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

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260210

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

**FILED AS OF DATE**: 20260210

**DATE AS OF CHANGE**: 20260210

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Service Properties Trust
- **CENTRAL INDEX KEY:** 0000945394
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 043262075
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-06384
- **FILM NUMBER:** 26616033

**BUSINESS ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458
- **BUSINESS PHONE:** (617) 964-8389

**MAIL ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOSPITALITY PROPERTIES TRUST
- **DATE OF NAME CHANGE:** 19950517
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Service Properties Trust
- **CENTRAL INDEX KEY:** 0000945394
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 043262075
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458
- **BUSINESS PHONE:** (617) 964-8389

**MAIL ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOSPITALITY PROPERTIES TRUST
- **DATE OF NAME CHANGE:** 19950517

---

| | |
|:---|:---|
|  | OMB APPROVAL |
| **UNITED STATES** | OMB Number: 3235-0675<br> Expires: January 31, 2028<br> Estimated average burden<br> hours per response . .. . . 16.72 |
| **SECURITIES AND EXCHANGE COMMISSION** | OMB Number: 3235-0675<br> Expires: January 31, 2028<br> Estimated average burden<br> hours per response . .. . . 16.72 |
| **Washington, D.C. 20549** | OMB Number: 3235-0675<br> Expires: January 31, 2028<br> Estimated average burden<br> hours per response . .. . . 16.72 |
|  | OMB Number: 3235-0675<br> Expires: January 31, 2028<br> Estimated average burden<br> hours per response . .. . . 16.72 |

---

**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)______________________

Commission File Number of securitizer: ____________________

Central Index Key Number of securitizer: ___________________

____________________________________________________________<br> 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>0000945394</u>

<u>SVC ABS LLC</u> <br> (Exact name of issuing entity as specified in its charter)

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

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

<u>Brian E. Donley, (617) 964-8389</u> <br> Name and telephone number, including area code, of the person to<br> 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**

Disclosures under Rule 15Ga-2 (17 CFR 240.15Ga-2) are attached as Exhibit 99.1 to this Form ABS-15G.

Exhibits

[99.1](tm265831d1_ex99-1.htm) [Report of Independent Accountants on Applying Agreed-Upon Procedures, dated February 2, 2026, of Deloitte & Touche LLP](tm265831d1_ex99-1.htm)

**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>Service Properties Trust</u> (Depositor)

Date <u>February 10, 2026</u>

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| | |
|:---|:---|
| /s/ Brian E. Donley | (Signature)\* |

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\*Brian E. Donley, Chief Financial Officer and Treasurer

## Exhibit 99.1

**Exhibit 99.1**

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| | |
|:---|:---|
| ![](tm265831d1_ex99-1img001.jpg) | **Deloitte & Touche LLP** <br> 3 Second Street Suite 301<br> Harborside Plaza 10<br> Jersey City, NJ 07302<br> USA<br>Tel: +1 212 937 8202<br> www.deloitte.com |

---

Service Properties Trust<br> 255 Washington Street, Suite 300<br> Newton, Massachusetts 02458

**Independent Accountants' Report**

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below, related to certain information with respect to a portfolio of mortgaged properties in connection with the proposed offering of SVC Net-Lease Mortgage Notes, Series 2026-1. Service Properties Trust (the "Company") is responsible for the information provided to us, including the information set forth in the Statistical Data File (as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth in the Statistical Data File. Additionally, Morgan Stanley & Co. LLC ("Morgan Stanley" and, together with the Company, the "Specified Parties") has agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

**Agreed-Upon Procedures**

On November 17, 2025, representatives of Morgan Stanley, on behalf of the Company, provided us with a mortgaged property listing (the "Mortgaged Property Listing") with respect to 472 mortgaged properties and the related tenant leases. At the Company's instruction, we (i) selected the 20 mortgaged properties with the highest annualized minimum rent, as set forth on the Mortgaged Property Listing (the "Top 20 Properties") and (ii) randomly selected an additional 80 mortgaged properties (the "80 Random Sample Properties") from the remaining 452 mortgaged properties. The Top 20 Properties and 80 Random Sample Properties are collectively and hereinafter known as the "Sample Properties."

Further, on December 9, 2025, representatives of Morgan Stanley, on behalf of the Company, provided us with a computer-generated data file and related record layout containing data, as represented to us by the Company, as of the close of business October 31, 2025, with respect to each of the 472 mortgaged properties and the related tenant leases set forth on the Mortgaged Property Listing (the "Initial Statistical Data File").

Additionally, on January 15, 2026, representatives of Morgan Stanley, on behalf of the Company, provided us with a supplemental data file (the "Supplemental Data File") containing an updated tenant purchase option for each of the Sample Properties. At the Company's instruction, we adjusted the Initial Statistical Data File with the corresponding information set forth on the Supplemental Data File. The Initial Statistical Data File, as adjusted, is hereinafter referred to as the "Statistical Data File."

**Member of** <br> Deloitte Touche Tohmatsu Limited

At the Company's instruction, we performed certain comparisons and recomputations for each of the Sample Properties relating to the mortgaged property characteristics (the "Characteristics") set forth on the Statistical Data File and indicated below.

**Characteristics**

&nbsp;&nbsp;&nbsp;&nbsp;1. Property ID (for informational purposes only) 17. Date of last bump in rent

&nbsp;&nbsp;&nbsp;&nbsp;2. Property city 18. Date of next bump in rent

&nbsp;&nbsp;&nbsp;&nbsp;3. Property state 19. Rent increase type

&nbsp;&nbsp;&nbsp;&nbsp;4. Building age 20. Rent bump % cap

&nbsp;&nbsp;&nbsp;&nbsp;5. Consolidated appraised value 21. Tenant purchase option (yes/no)

&nbsp;&nbsp;&nbsp;&nbsp;6. Building area (sq. ft.) 22. Next lease renewal option date

&nbsp;&nbsp;&nbsp;&nbsp;7. Property acquisition date 23. Concept

&nbsp;&nbsp;&nbsp;&nbsp;8. Property zip code 24. Annualized minimum rent payment

&nbsp;&nbsp;&nbsp;&nbsp;9. Tenant 25. Double net lease (yes/no)

&nbsp;&nbsp;&nbsp;&nbsp;10. Guarantor 26. Most recent aggregate unit FCCR

&nbsp;&nbsp;&nbsp;&nbsp;11. Master lease (yes/no) 27. Industry sector

&nbsp;&nbsp;&nbsp;&nbsp;12. Lease term start date 28. Industry

&nbsp;&nbsp;&nbsp;&nbsp;13. Lease expiration year 29. Rating category

&nbsp;&nbsp;&nbsp;&nbsp;14. Original lease term (years) 30. Credit rating

&nbsp;&nbsp;&nbsp;&nbsp;15. Renewal option term 31. Remaining term (years)

&nbsp;&nbsp;&nbsp;&nbsp;16. Number of renewals remaining 32. Seasoning (years)

We compared Characteristics 2. through 8. to the corresponding information set forth on or derived from the "Appraisal" or the "Appraisal Summary Report."

We compared Characteristics 9. through 25. to the corresponding information set forth on or derived from the lease agreement, master lease agreement or any amendments thereto (collectively, the "Lease Agreement").

We compared Characteristic 26. to the corresponding information set forth on a query, provided to us by Morgan Stanley, on behalf of the Company, on December 3, 2025, from the Company's accounting system (the "SVC Quarterly Coverage Query").

At the instruction of the Company, we accessed the "US Census Bureau Website" (<u>http://www.census.gov/naics/</u>). Using the NAICS industry group code and NAICS industry sector code (each as set forth on the Statistical Data File), we compared Characteristics 27. and 28. to the corresponding information set forth on the US Census Bureau Website.

We compared Characteristics 29. and 30. to the corresponding information set forth on the "Rating Spreadsheet" provided to us by Morgan Stanley, on behalf of the Company, on November 24, 2025.

We compared Characteristic 31. to the number of years from (i) October 31, 2025 through (ii) the lease expiration date (as set forth on the Lease Agreement).

We compared Characteristic 32. to the difference between (i) the original lease term (as set forth on the Lease Agreement) and (ii) the remaining term (as determined above).

The property documents described above, including any information obtained from the indicated systems, and any other related documents used in support of the Characteristics were provided to us by representatives of the Company or by Morgan Stanley, on behalf of the Company, and are collectively referred to hereinafter as the "Property Documents." We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Property Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Property Documents. In addition, we make no representations as to whether the Property Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Sample Properties.

**Agreed-Upon Procedures' Findings**

The results of the foregoing procedures indicated that the Characteristics set forth on the Statistical Data File were found to be in agreement with the above-mentioned Property Documents, except as described in Appendix A. Supplemental information is contained in Appendix B.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the assets or underlying documentation underlying the Statistical Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the assets or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

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 ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Statistical Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

February 2, 2026

**Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2026.**

In applying our agreed-upon procedures as outlined above, we observed the following:

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| | |
|:---|:---|
| &nbsp;&nbsp;**Exception Description Number** | &nbsp;&nbsp;**Exception Description** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Seventeen differences in building age. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Thirteen differences in building area. |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;Four differences in property zip code. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Fifteen differences in guarantor. |

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The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

**Appendix B to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated February 2, 2026.**

<u>Supplemental Information Related to the Findings Set Forth on Appendix A</u>

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Exception<br> Description<br> Number** | &nbsp;&nbsp; **Sample<br> Property<br> number** | &nbsp;&nbsp; **Characteristic** | &nbsp;&nbsp; **Characteristic set <br> forth on the <br> Statistical Data File** | &nbsp;&nbsp; **Characteristic set forth on or derived from the <br> Property Documents** |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480151 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;18 years | &nbsp;&nbsp;58 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480231 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;18 years | &nbsp;&nbsp;19 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;416092 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;24 years | &nbsp;&nbsp;21 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;416144 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;41 years | &nbsp;&nbsp;40 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;416161 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;39 years | &nbsp;&nbsp;35 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;416196 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;16 years | &nbsp;&nbsp;1 year |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480022 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;41 years | &nbsp;&nbsp;37 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480041 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;54 years | &nbsp;&nbsp;25 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480050 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;52 years | &nbsp;&nbsp;51 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480060 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;50 years | &nbsp;&nbsp;19 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480070 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;52 years | &nbsp;&nbsp;51 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480087 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;45 years | &nbsp;&nbsp;46 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480093 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;54 years | &nbsp;&nbsp;53 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480096 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;53 years | &nbsp;&nbsp;45 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480099 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;53 years | &nbsp;&nbsp;52 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480101 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;53 years | &nbsp;&nbsp;52 years |
| &nbsp;&nbsp;1 | &nbsp;&nbsp;480103 | &nbsp;&nbsp;Building age | &nbsp;&nbsp;52 years | &nbsp;&nbsp;49 years |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;415747 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;6,972 sq. ft. | &nbsp;&nbsp;7,382 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;415833 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;218,248 sq. ft. | &nbsp;&nbsp;207,852 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;415848 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;2,304 sq. ft. | &nbsp;&nbsp;2,283 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;415962 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;4,500 sq. ft. | &nbsp;&nbsp;49,203 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;416035 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;2,224 sq. ft. | &nbsp;&nbsp;2,290 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;416196 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;83,635 sq. ft. | &nbsp;&nbsp;83,623 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;416242 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;176,704 sq. ft. | &nbsp;&nbsp;123,325 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480041 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;16,924 sq. ft. | &nbsp;&nbsp;19,885 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480050 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;42,771 sq. ft. | &nbsp;&nbsp;31,301 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480087 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;101,589 sq. ft. | &nbsp;&nbsp;64,600 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480101 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;19,680 sq. ft. | &nbsp;&nbsp;21,487 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480104 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;27,648 sq. ft. | &nbsp;&nbsp;28,656 sq. ft. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;480210 | &nbsp;&nbsp;Building area | &nbsp;&nbsp;30,269 sq. ft. | &nbsp;&nbsp;30,272 sq. ft. |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;480151 | &nbsp;&nbsp;Property zip code | &nbsp;&nbsp;60440 | &nbsp;&nbsp;60450 |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;415713 | &nbsp;&nbsp;Property zip code | &nbsp;&nbsp;30539 | &nbsp;&nbsp;30540 |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;415923 | &nbsp;&nbsp;Property zip code | &nbsp;&nbsp;30093 | &nbsp;&nbsp;30071 |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;416217 | &nbsp;&nbsp;Property zip code | &nbsp;&nbsp;35603 | &nbsp;&nbsp;35601 |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415640 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;Arby's restaurant Group, INC. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415644 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;ARBY'S RESTAURANT GROUP, INC |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415650 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;Arby's Restaurant Group, Inc. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415683 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;SONIC RESTAURANTS, INC |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415713 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;John E. Garner and Helen J. Garner |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415717 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;Arby's Restaurant Group, Inc |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415772 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;TriStar Ventures, LLC and North Star Foods, LLC, |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415799 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;Eric Hasty |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;415962 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;ARMSTRONG GARDEN CENTERS, Inc |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416035 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;Not provided | &nbsp;&nbsp;John Busby |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416200 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;EOC Group. Inc. | &nbsp;&nbsp;EOC Group, Inc. and Express Oil Group, Inc. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416201 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;EOC Group. Inc. | &nbsp;&nbsp;EOC Group, Inc. and Express Oil Group, Inc. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416203 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;EOC Group. Inc. | &nbsp;&nbsp;EOC Group, Inc. and Express Oil Group, Inc. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416204 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;EOC Group. Inc. | &nbsp;&nbsp;EOC Group, Inc. and Express Oil Group, Inc. |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;416217 | &nbsp;&nbsp;Guarantor | &nbsp;&nbsp;EOC Group. Inc. | &nbsp;&nbsp;EOC Group, Inc. and Express Oil Group, Inc. |

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The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.