Contract analysis

I. Regulatory — TCEQ Voluntary Cleanup Program A. VCP Application Status On June 25, 2025, Calderwood & Harkness filed a Voluntary Cleanup Program application with the Texas Commission on Environmental Quality ("TCEQ") on behalf of Dunmore Energy Holdings Ltd. ("DEH") as applicant and successor-in-interest to Dunmore Terminal Services, Inc. ("DTS"). DTS was a Texas corporation that was dissolved effective December 31

II. Site Access — Negotiations with Calera Properties Group LLC A. Background on Calera Calera Properties Group LLC ("Calera") is a Texas limited liability company managed by Rebecca Strand. Calera is the current fee owner of the 48.7-acre Site. Calera acquired the Site at a tax foreclosure sale conducted by Wharton County in March 2019 for a purchase price of $612,000. The property had become delinquent on ad valore

III. Cost Recovery — Rowan Creek Fuel Distributors, Inc. A. Pre-Suit Demand On May 12, 2025, Calderwood & Harkness sent a pre-suit demand letter to Rowan Creek Fuel Distributors, Inc. ("RCFD"), directed to the attention of Malcolm Griggs, President, at RCFD's principal office located at 1150 Lavaca Street, Suite 600, Austin, Texas 78701. A copy of the demand letter was simultaneously transmitted to RCFD's outside cou

IV. Insurance A. Bridgemont PLL Policy Notice On June 30, 2025, Calderwood & Harkness submitted a formal notice of environmental condition to Bridgemont Insurance Company, directed to the attention of Paul Neumann, Senior Vice President — Environmental Lines, at Bridgemont's offices located at 200 Galleria Parkway, Suite 1800, Atlanta, Georgia 30339. The notice was transmitted via certified mail, return receipt reque

V. Budget and Fee Update A. Engagement Team The Calderwood & Harkness engagement team for this matter is as follows: In addition, senior associate time is billed at $625 per hour and paralegal time is billed at $275 per hour, as applicable. The engagement team will be supplemented as needed with additional attorneys possessing expertise in environmental litigation and insurance coverage, consistent with the terms of

VI. Next Steps and Upcoming Milestones In summary, the following action items and milestones are before us for the upcoming quarter:

1. Strategy Call with Mr. Rourke. Schedule a call with Mr. Rourke to discuss the RCFD response strategy in detail, including review of the internal response strategy memorandum and determination of settlement authority parameters. We propose scheduling this call during the week of July 21, 2025.

2. Finalize Site Access & Cost-Sharing Agreement. Complete negotiations with Calera/KPS on the remaining open issues (indemnification scope and escrow terms) and execute the Access Agreement. Target: August 2025.

3. TCEQ Acknowledgment Letter. Receive and review the TCEQ acknowledgment letter confirming DEH's acceptance into the VCP and identifying the assigned project manager. Anticipated: August 2025.

4. APAR Preparation and Submission. Continue coordination with Pinehill on APAR preparation, including review of draft sections and regulatory strategy discussions. Target submission: October 31, 2025.

5. Bridgemont Claim Number. Follow up with Bridgemont Insurance Company to obtain acknowledgment of the notice of environmental condition and assignment of a claim number. Initiate SIR tracking procedures upon claim number assignment.

6. RCFD Counter-Proposal or Litigation Filing. Following the strategy call with Mr. Rourke, formulate and deliver a counter-proposal to RCFD through Whitfield Barr LLP or, if authorized, prepare a complaint for filing in the appropriate court.

7. Witness Development. Continue identification and interviewing of former DTS employees with knowledge of Site operations and release history. Prioritize witnesses with direct knowledge of RCFD's operations in the southern tank farm.

8. Next Quarterly Report. The next quarterly status report will be provided in October 2025 and will cover developments through the end of Q3 2025, including the status of the APAR submission, the outcome of the Calera negotiations, and the trajectory of the RCFD cost-recovery effort. We remain available to discuss any aspect of this report at your convenience, and we are committed to advancing each of these workstre