This service agreement is entered into between R.E. Cost Seg and the undersigned client ("Client"), collectively referred to as the "Parties."

SCOPE OF WORK & OBJECTIVE

The objective of our analysis is to accurately quantify and qualify the construction costs of each property detailed in the schedule, independently, in accordance with the modified accelerated cost recovery system (MACRS) for federal income tax purposes. Our engineered study identifies and quantifies the structural components, building systems, land improvements, and personal property according to Revenue Procedure 87-56.

FINAL REPORT DELIVERABLES

At the completion of our work, we will issue the following deliverables for each property according to the property schedule scope:

Cost Segregation Report - pdf containing:

Asset and Depreciation schedule - excel file and editable tool

To aid in the implementation and future management of assets and depreciation we include:

Fixed Asset Schedule:

Depreciation schedule by asset:

For all identified assets the schedule calculates the depreciation expense for each year in the recovery period according to the IRS decimal tables for the GDS method and convention.

Form 3115 preparation - Application for Change in Accounting Method (if included in scope)

If Form 3115 preparation is included in the Property Schedule scope of services for a given property, we will prepare and deliver Form 3115 to include:

AUDIT SUPPORT SERVICES

R.E. Cost Seg supports our conclusions and is experienced in assisting clients in the event of an audit by the revenue service. R.E. Cost Seg will provide audit support, which includes a written response to questions related to the engineering methodology, asset classifications, and conclusions of our study.

If R.E. Cost Seg prepares Form 3115 as part of this engagement, audit support includes a written response to questions related to the Form 3115 preparation and 481(a) calculation contained in our study.

This support is provided at no additional cost for the duration of the applicable federal statute of limitations for the tax year in which the study is first utilized, as determined under IRC § 6501.

Audit support does not include representation before the IRS or any taxing authority, testimony as a fact or expert witness in any administrative or court hearing or proceeding, preparation or amendment of tax returns, or defense of tax positions not contained in our study, including positions independently adopted by Client or Client's tax advisor in connection with filing.

DELIVERY TIME

The delivery of the final cost segregation report is contingent upon receiving all requested materials. The following timeline for report completion applies to each product:

Fully Engineered: Requires uploading documents and completing a virtual site inspection with one of our engineers. Studies are delivered within 15–20 business days after receipt of all required files and inspection.

Rapid Report: Requires completion of a property details questionnaire. Once submitted, our engineers review the information and may request additional details if needed. Reports are delivered within 5 business days after we receive all required files and the completed questionnaire.

Form 3115 Preparation: Prepared form delivered within 5 to 10 business days of completing the related segregation study(ies), and receiving the 3115 intake form from the client.

PEAK SEASON SCHEDULING & PREMIUM PRICING

Deadline-Driven Prioritization: During peak tax filing periods, project scheduling and pricing are dictated by the Client's stated tax filing deadline rather than standard lead times.

Premium Pricing: For studies required by major filing deadlines (including but not limited to March 15, April 15, September 15, and October 15), Peak Season Pricing shall apply. This premium covers priority engineering allocation and expedited quality control.

Client Responsibilities: Timely delivery is strictly contingent upon the Client providing all requested documentation and site access within the windows established by R.E. Cost Seg.

Delivery Disclaimer: R.E. Cost Seg will employ commercially reasonable efforts to meet filing deadlines; however, delays in documentation or site access may result in delivery dates shifting beyond the initial filing window.

LAND ALLOCATION

The land value(s) suggested in this service agreement are allocated based on county assessments, when applicable. We utilize county-assessed and market values to determine the land value to property value ratio. We apply this ratio to the purchase price of your acquisition to arrive at our estimated land value. When no records are available, a 20% land value is utilized as a placeholder. We advise you to speak with your CPA or a tax professional licensed in your jurisdiction to determine the correct land allocation. Unless otherwise notified, we will complete your study with either the land value from a provided depreciation schedule or the suggested land value in this service agreement.

DOCUMENT & INFORMATION GATHERING

The pricing detailed in this service agreement is contingent upon R.E. Cost Seg receiving the requested information to complete the study in a timely manner. If R.E. Cost Seg fails to receive requested documents, questionnaires, and property inspections within 60 days of acceptance of this agreement, we reserve the right to adjust pricing and assess additional fees. Special considerations will be made for communicated delays at no additional cost.

ASSUMPTIONS

Our estimated tax benefits are based on federal income tax savings at a 0% tax rate. The estimates assume all available depreciation through the current tax year will be used to offset income at the 0% tax rate. Your tax rate and qualifications may differ from those illustrated in the estimated benefits. Bonus depreciation has rules and limitations you should be aware of. The application of bonus depreciation is based on purchase and placed in service date and not the unique fact pattern of your situation. Our aim is to equip you with the tool to maximize your benefits. We recommend consulting with a tax professional licensed in your jurisdiction to determine your unique qualifications and tax strategy.

Additional assumptions may have been made including:

DISCLAIMER ON PASSIVE LOSSES

Passive loss rules are complex and need to be considered on a case by case basis. While we have CPAs at R.E. Cost Seg and we are experts in completing cost segregation studies, we are not your CPA. We recommend that you consult with a tax professional licensed in your jurisdiction to ensure that you are able to utilize the accelerated depreciation on a timeframe that benefits you.

UNFORESEEN CONDITIONS

The proposed results are derived using assumptions based on the extent and type of information made available to us during this proposal process. Should there be any circumstances that materially alter the property analysis, we will immediately inform you. The potential tax benefits are solely based on the information initially provided to prepare this service agreement.

PAYBACK RATIO ALIGNMENT POLICY

Our engineering team is focused on maximizing tax benefit based on the information provided at the time of proposal.

While we do not guarantee a specific outcome, if the final results materially fall short of the projected payback ratio and the inputs provided were accurate and unchanged, we will review the engagement and may offer a discretionary fee adjustment.

This excludes cases where results are impacted by incomplete or inaccurate inputs, scope changes, or external tax positions.

LIABILITY FOR SERVICES RENDERED

R.E. Cost Seg maximum liability relating to services rendered under this service agreement (regardless of form of action, whether in contract, negligence or otherwise) shall be limited to the charges paid to R.E. Cost Seg for the portion of its services or work products giving rise to liability. In no event shall R.E. Cost Seg be liable to consequential, special, incidental or punitive losses, damages, or expenses (including, without limitation, lost profits, opportunity costs, etc.) even if it has been advised of their possible existence.

FORM 3115 PREPARATION

If Form 3115 preparation is included in the agreed scope of services for the applicable property or property schedule, R.E. Cost Seg will prepare the IRS Form 3115 application for a change in accounting method and calculate the 481(a) adjustment to determine the depreciation adjustment derived from your cost segregation study(ies). This preparation includes completing Form 3115 along with an attachment of all required statements and the 481(a) calculation. The prepared forms will be delivered to the client for review, signature collection, and submission to the revenue service by their tax preparer. The preparation of Form 3115 is based on information provided by Client, does not constitute tax advice, and all filing positions, tax reporting decisions, and determinations regarding the appropriateness of any accounting method change remain solely the responsibility of Client and Client's independent tax advisor.

This study is prepared solely for the use of the Client identified in this agreement. No third party may rely on this study or our audit support services without a separate written reliance agreement executed by R.E. Cost Seg.

CONDOMINIUM UNIT BASIS & ALLOCATION DISCLOSURE

If the Subject Property is a condominium unit, Client acknowledges that condominium ownership structures typically consist of ownership of the unit interior together with an undivided interest in common elements, as defined under applicable state law. As a result, the total depreciable basis reported by the Client may exceed the estimated replacement cost of the unit-level components alone.

When reconciling total classified assets to the Client's reported basis, certain shorter-lived asset categories (including personal property and land improvements) may reflect proportionally higher allocations than are typical for non-condominium properties. This outcome is a mechanical result of basis reconciliation and condominium valuation characteristics.

The Study will be prepared using accepted engineering-based methodologies and industry-standard cost sources. Final tax reporting positions, legal characterization of ownership interests, basis determinations, and depreciation treatment (including any amended returns or accounting method changes) remain the responsibility of the Client and their independent tax advisor. No representation is made that any tax authority will accept the Study without adjustment.

Client acknowledges that basis allocations for condominium properties are dependent upon information provided by Client and/or third parties, and R.E. Cost Seg does not independently verify original purchase price allocations, land values, governing documents, legal ownership interests in common elements, or historical basis calculations.

GOVERNING LAW & DISPUTE RESOLUTION

(a) Agreement to Arbitrate: Any dispute, claim, or controversy arising out of or relating to this Agreement or the relationships created by it shall be resolved by final and binding arbitration before a single neutral arbitrator. If the amount in controversy is $200,000 or less, the arbitration shall proceed under the CPR Fast Track Rules of Procedure for Non-Administered Arbitration; otherwise, under the CPR Non-Administered Arbitration Rules, in each case as in effect on the date the arbitration is commenced.

(b) Determination of Procedural Rules: Prior to appointment, the amount in controversy shall be determined by the monetary relief sought in the demand, and the arbitration shall proceed under the Fast Track Rules for purposes of initiating the arbitration and selecting the arbitrator. After appointment, the arbitrator shall determine the amount in controversy and confirm the applicable procedural rules for the arbitration's duration.

(c) Seat and Location: The seat of arbitration shall be Houston, Texas, and any hearing shall take place in Houston, Texas unless the arbitrator determines that a remote hearing or another location is appropriate.

(d) Commencement of Arbitration: A Party may commence arbitration by delivering a written demand using the notice methods provided in this Agreement, or, if this Agreement contains no notice provision, by nationally recognized courier or certified mail to the Party's last known business address or its address on file with the Secretary of State (or similar registry) in its jurisdiction of organization. Arbitration shall be deemed commenced upon such delivery and shall constitute effective commencement notwithstanding any different notice timing provisions elsewhere in this Agreement.

(e) Appointment of Arbitrator: If the Parties do not agree upon the arbitrator within fifteen (15) days after delivery of the demand, or if a Party fails to participate in the selection process, any participating Party may request that CPR – International Institute for Conflict Prevention & Resolution ("CPR") appoint the arbitrator, and CPR may proceed notwithstanding the failure of any Party to participate in or cooperate with the appointment process.

(f) Preliminary Conference: As soon as practicable after appointment, the arbitrator shall conduct a preliminary conference to establish a scheduling order and a fair and efficient procedure for the arbitration. The arbitrator shall manage the arbitration to ensure each Party has a reasonable opportunity to present its case while prioritizing efficiency and minimizing unnecessary cost and delay, and the Parties shall cooperate in good faith with the arbitrator and each other to ensure the efficient conduct of the arbitration.

(g) Authority of the Arbitrator: The arbitrator shall have exclusive authority to determine the existence, scope, validity, enforceability, interpretation, and arbitrability of this arbitration agreement and any related dispute, and any objection not raised in the arbitration shall be deemed waived. The arbitrator shall have the broadest authority permitted under the Federal Arbitration Act to determine all issues of law and fact.

(h) Conduct of the Arbitration: The arbitration may proceed and an award may be rendered in the absence of any Party who fails to appear after receiving notice. The arbitration shall not be governed by the Federal Rules of Evidence or any state rules of evidence. The arbitrator shall determine the admissibility, relevance, and weight of evidence, guided by practices in international commercial arbitration, including those reflected in the ICDR International Arbitration Rules. The arbitrator may resolve any issue of law or fact by dispositive motion, summary disposition, or partial award where the arbitrator determines that doing so will materially narrow or resolve issues in dispute and promote the efficient resolution of the arbitration. Document requests beyond documents initially disclosed by the Parties, if any, shall be narrowly tailored to documents that are relevant and material to the outcome of the dispute and proportionate to the needs of the arbitration.

(i) Award and Attorneys' Fees: The arbitrator shall issue a reasoned written award based on this Agreement and applicable law, and the prevailing Party shall recover reasonable attorneys' fees and arbitration costs unless manifestly unjust; in allocating fees the arbitrator may consider the Parties' conduct, including whether any claim or defense lacked substantial justification. The arbitrator may award any remedy a court could award, except punitive, exemplary, or multiple damages unless such damages may not be waived under applicable law.

(j) Court Proceedings, Confidentiality, and Governing Law: Except to enforce, confirm, vacate, or modify an award, the Parties waive any right to seek court relief regarding this Agreement, and any court action brought in violation of this agreement to arbitrate shall be dismissed or stayed in favor of arbitration. The Parties shall maintain the confidential nature of the arbitration and any award, except as necessary to conduct the arbitration, enforce or challenge an award, or as required by law. Any permitted court proceeding shall be brought exclusively in the state or federal courts in Harris County, Texas, and the Parties irrevocably submit to such jurisdiction and waive any objection to venue or forum non conveniens. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1–16, and judgment on the award may be entered in any court having jurisdiction.

PAYMENT TERMS

We propose to perform the work detailed in this service agreement for a total fee of $4,900.

The assessed fee for the scope of work detailed in this service agreement includes all time and labor necessary to complete the scope of work. The fee is non-refundable once the property inspection has been completed.

A deposit might be required at the time of signing the service agreement. The remaining amount due will be required upon completion, and prior to receipt of the final deliverables. Any amount unpaid after 30 days from receipt of the final invoice will be increased by a monthly finance charge of 1% to 12% on an annual basis and the Audit Protection will be terminated.

Any revisions, corrections, or updates to the final study resulting from incomplete, inaccurate, or newly provided information that was not submitted prior to delivery of the final study will be subject to a standard revision fee of up to ten percent (10%) of the project fee, not to exceed five hundred dollars ($500).

For Fully Engineered studies, R.E. Cost Seg will provide a courtesy period of fourteen (14) calendar days following delivery of the final study during which reasonable revision requests may be submitted and addressed at no additional charge, provided such revisions do not materially alter the scope of work.

If a requested revision materially alters the scope of work or requires substantial additional analysis, engineering review, or rework, R.E. Cost Seg reserves the right to assess an additional or custom fee. Any such fee will be communicated to the Client and must be approved prior to commencing the revised work.

This service agreement is valid until July 17, 2026.