Dear ASX holders,

We are pleased to provide an update regarding the profit‑linked interest associated with your ASX FJC RWA NFT

Following the recent sale event, our partner Prism Real Estate and its affiliates have identified a replacement property and are currently under contract, with the intent that this asset serve as the reinvestment vehicle supporting the profit‑linked interest.

The identified property is an institutional‑quality industrial asset located in a strong Midwest logistics submarket, characterized by stable occupancy, limited new supply, and attractive long‑term fundamentals. Prism and its affiliates are actively conducting their due diligence and inspection period, including customary financial, legal, physical, and market reviews.

This process is intended to confirm that the asset meets underwriting standards and aligns with the return profile associated with the profit‑linked interest. Assuming the diligence process proceeds as expected and all customary closing conditions are satisfied, closing is currently anticipated on or around June 3. Upon closing, the replacement property would become the underlying asset supporting the continued performance of the profit‑linked interest.

At this time:

No action is required from ASX RWA NFT loan holders. Updates will continue to be provided as key milestones are reached and final confirmation will be shared following completion of diligence and closing

As with all acquisitions, timing and outcome remain subject to satisfactory due diligence results and customary closing conditions. We appreciate your continued engagement and will keep you informed as the process advances.

Please feel free to reach out with any questions.

Sincerely,

ASX Management Team