NVI Technical College Information

Executive Summary

January 22, 2024

Christopher Hackney CreditBench, BayFirst National Bank 700 Central Avenue St. Petersburg, Florida 33701 (619) 723-3973 E-mail: christopher@creditbench.com

Re: Feasibility Study for the planned continuance of the New Village Institute “NIV” (hereinafter “Company”) Blairsville vocational school hereinafter “subject project” .

Dear Mr. Hackney:

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At your request and authorization, we are pleased to provide this feasibility study concerning the continuance of the vocational school known as

New Village Institute located in Blairsville, Pennsylvania. The school is a fully equipped project that includes single-tenant industrial buildings that comprise a campus of three buildings totaling 282,125 ± square feet of net rentable area (“RBA”) on about 26.419 ± acres. The existing

improvements historically have been used for the same purpose as the proposed school project. The improvements were acquired and have

operated as a vocational school since August 2020 by the management of the Company. The management of the Company indicated there was

about $1.5 million in renovations since its acquision for HVAC, plumbing, roof, all carpet, all paint interior/exterior, signage and exterior lighting

upgrades, etc. Additional $500K coming in Q1 2024 for high efficiency HVAC units and led interior lighting. $250K in additional test equipment,

tooling, shop vehicles, etc.

The improvements include administrative offices, classrooms and work shops which provide for a vocational school setting.

No known

modifications to the buildings are required. There are four detached buildings which are identified as Building 1 at 500 Innovation Drive, which was built in 2004 having 77,007 ± square feet of RBA (Administration/Street Rod); Building II which has 89,400 ± square feet of RBA located at 277

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