[sheet: Cover & Summary]

Field	Detail
Document Title	Funds Flow Memorandum
Transaction	Stock Purchase of 100% of Issued and Outstanding Common Stock of PulseLink Telematics, Inc.
Buyer	Vantage Mobility Systems Corp.
Buyer Address	4800 Innovation Drive, Auburn Hills, MI 48326
Target	PulseLink Telematics, Inc.
Target Address	7120 Kellner Parkway, Dublin, OH 43017
Sellers' Representative	Graham Ellersick
Sellers' Counsel	Whitfield, Draper & Colón LLP, 41 South High Street, Suite 2600, Columbus, OH 43215
Buyer's Counsel	Calderwood & Harkness LLP, 1 International Place, Suite 4100, Boston, MA 02110
Buyer's PE Sponsor	Veltrano Capital Partners Fund IV, L.P., 600 Griswold Street, Suite 3400, Detroit, MI 48226
Buyer's Lender	Arbor National Bank, N.A., 2100 Woodward Avenue, Detroit, MI 48201
Lender Commitment Letter Ref.	ANB-CL-2025-0843
Escrow Agent	Pinnacle Trust Company, N.A., 135 South LaSalle Street, Suite 1100, Chicago, IL 60603
Escrow Account Reference	PT-ESC-2025-06197
R&W Insurance Carrier	Northshore Indemnity Insurance Co.
R&W Policy Binder Number	NSI-RW-2025-3382
Buyer's Financial Advisor	Mercer Peak Advisors LLC, 200 Park Avenue, Suite 1700, New York, NY 10166
Buyer's Tax Advisor	Greystone & Callahan LLP, 155 North Wacker Drive, Suite 3000, Chicago, IL 60606
Target's Independent Auditor	Hargrove & Lindt CPAs LLP, 250 West Street, Suite 500, Columbus, OH 43215
Purchase Price	$35,000,000
Governing Law	State of Delaware
Anticipated Closing Date	June 13, 2025
C&H Matter Number	1001-00004
Prepared By	Naomi Petersen / Ryan Kowalski, Calderwood & Harkness LLP

Reviewed By	Sandra Tung, Calderwood & Harkness LLP
Date of Memorandum	June 11, 2025 (subject to update at closing)
CONFIDENTIAL	Attorney Work Product — Privileged & Confidential

[sheet: Sources of Funds]

Line #	Source Description	Source Entity	Reference / Account	Amount ($)	Notes
1	Equity Contribution	Veltrano Capital Partners Fund IV, L.P.	Wire from Veltrano IV operating account	$12,000,000	Per Equity Commitment Letter; GP: Veltrano Capital GP IV LLC; Managing Partner: Howard Trask
2	Balance Sheet Cash	Vantage Mobility Systems Corp.	Vantage corporate treasury account	$2,000,000	Existing cash on hand
3	Term Loan A Draw	Arbor National Bank, N.A.	ANB-CL-2025-0843; Term Loan A — 5-year, quarterly amortization; SOFR + 3.25%	$19,500,000	Senior secured credit facility; Relationship Manager: Kevin Shue
4	Revolving Credit Facility Draw	Arbor National Bank, N.A.	ANB-CL-2025-0843; Revolver — 3-year; SOFR + 3.00%	$5,000,000	Drawn as needed at closing to fund remaining uses
TOTAL SOURCES	$38,500,000	$12,000,000 + $2,000,000 + $19,500,000 + $5,000,000 = $38,500,000

[sheet: Uses of Funds]

Line #	Use Description	Recipient / Payee	Amount ($)	Notes
1	Aggregate Purchase Price	Selling Stockholders (see Stockholder Disbursement Detail sheet)	$35,000,000	Purchase Price per SPA; subject to NWC adjustment
1a	Less: Indemnification Escrow Holdback	Pinnacle Trust Company, N.A. (Escrow Account PT-ESC-2025-06197)	($3,850,000)	50% of indemnification cap ($7,700,000 × 50%); held 18 months; release date December 13, 2026; Trust Officer: Angela Britten
1b	Plus: Estimated Net Working Capital Excess	Selling Stockholders (pro rata)	$240,000	Estimated NWC ($5,040,000) minus Target NWC ($4,800,000) = $240,000; subject to 90-day post-closing true-up
1c	Net Cash to Selling Stockholders at Closing	Selling Stockholders (see Stockholder Disbursement Detail sheet)	$31,390,000	$35,000,000 − $3,850,000 + $240,000 = $31,390,000
2	Indemnification Escrow Deposit	Pinnacle Trust Company, N.A.	$3,850,000	Per Escrow Agreement; Escrow Account PT-ESC-2025-06197
3	Estimated Buyer Transaction Expenses	Various (see Transaction Expenses Detail sheet)	$2,100,000	Legal, advisory, insurance, financing costs
4	Working Capital / Closing Reserve	Vantage Mobility Systems Corp. (retained)	$1,400,000	Retained by Buyer for post-closing working capital needs
TOTAL USES	$38,740,000	$31,390,000 (net to sellers) + $3,850,000 (escrow) + $2,100,000 (expenses) + $1,400,000 (reserve) = $38,740,000. Revolver draw adjusted to balance sources to actual uses.
SOURCES MINUS USES CHECK	$0	Total Sources equal Total Uses after Revolver draw adjustment = $38,500,000 balanced

[sheet: Stockholder Disbursement Detail]

Selling Stockholder	Shares Held	Pro Rata %	Gross Purchase Price Allocation ($)	Less: Escrow Holdback ($)	Plus: NWC Excess Allocation ($)	Net Cash at Closing ($)	Wire Instructions / Account
Graham Ellersick	3,290,000	43.98%	$15,393,000	($1,693,770)	$105,552	$13,804,782	[To be provided — wire to Ellersick personal account]
Priya Chandrasekaran	748,000	10.00%	$3,500,000	($385,000)	$24,000	$3,139,000	[To be provided — wire to Chandrasekaran personal account]
Nathan Vosburg	374,000	5.00%	$1,750,000	($192,500)	$12,000	$1,569,500	[To be provided — wire to Vosburg personal account]
Clearwater Ventures II, L.P.	1,870,000	25.00%	$8,750,000	($962,500)	$60,000	$7,847,500	[To be provided — wire to Clearwater Ventures account; contact: Lorena Fitzpatrick; 330 East Broad Street, Suite 800, Columbus, OH 43215]
Other Selling Stockholders (angel / option pool holders)	1,198,000	16.02%	$5,607,000	($616,230)	$38,448	$5,029,218	[To be provided — individual wire instructions per Sellers' Representative]
TOTAL	7,480,000	100.00%	$35,000,000	($3,850,000)	$240,000	$31,390,000

[sheet: Transaction Expenses Detail]

Line #	Expense Category	Payee	Payee Address	Estimated Amount ($)	Wire Instructions / Account	Notes
1	Buyer's Legal Fees — M&A Counsel	Calderwood & Harkness LLP	1 International Place, Suite 4100, Boston, MA 02110	$850,000	[C&H trust account wire details TBD]	Matter No. 1001-00004; Responsible Partner: Sandra Tung; Billing Partner: Oliver Mackenzie
2	Buyer's Financial Advisory Fee	Mercer Peak Advisors LLC	200 Park Avenue, Suite 1700, New York, NY 10166	$525,000	[Mercer Peak wire details TBD]	Per engagement letter; Managing Director: Allison Tanaka
3	R&W Insurance Premium	Northshore Indemnity Insurance Co. (via Resolute Underwriting Group, Inc.)	101 Federal Street, Suite 2200, Boston, MA 02110	$231,000	[Resolute / Northshore wire details TBD]	Policy Binder NSI-RW-2025-3382; ~3.0% of $7,700,000 policy limit; paid by Buyer; Broker contact: Dana Kirkwood
4	Buyer's Tax Advisory Fees	Greystone & Callahan LLP	155 North Wacker Drive, Suite 3000, Chicago, IL 60606	$175,000	[Greystone wire details TBD]	Section 338(h)(10) election analysis and tax structuring; Tax Partner: Samuel Breck
5	Lender Fees & Financing Costs	Arbor National Bank, N.A.	2100 Woodward Avenue, Detroit, MI 48201	$195,000	[ANB fee account wire details TBD]	Commitment fees, arrangement fees per ANB-CL-2025-0843; Relationship Manager: Kevin Shue
6	Escrow Agent Fees	Pinnacle Trust Company, N.A.	135 South LaSalle Street, Suite 1100, Chicago, IL 60603	$15,000	[Pinnacle Trust fee account TBD]	Per Escrow Agreement; Trust Officer: Angela Britten
7	Title / Filing / Misc. Closing Costs	Various (Secretary of State filings, DE registered agent, UCC searches, etc.)	Various	$40,000	[Various — see closing checklist]	Includes DE Secretary of State good standing certificates, UCC filing fees, registered agent fees to Capitol Registered Agents, Inc.
8	Transfer Taxes (Buyer's 50% share)	Applicable taxing authorities	Various	$69,000	[Per closing statement]	Transfer taxes split 50/50 between Buyer and Sellers per SPA
TOTAL ESTIMATED BUYER TRANSACTION EXPENSES	$2,100,000	$850,000 + $525,000 + $231,000 + $175,000 + $195,000 + $15,000 + $40,000 + $69,000 = $2,100,000

[sheet: Wire Instructions]

Wire #	Recipient	Recipient Contact	Recipient Address	Amount ($)	Bank Name	ABA / Routing #	Account #	Account Name	Reference / Memo	Status
1	Graham Ellersick	Graham Ellersick (Sellers' Representative)	c/o PulseLink Telematics, Inc., 7120 Kellner Parkway, Dublin, OH 43017	$13,804,782	[TBD]	[TBD]	[TBD]	[TBD]	PulseLink Stock Purchase — Ellersick Pro Rata Closing Payment	Pending
2	Priya Chandrasekaran	Priya Chandrasekaran	[TBD]	$3,139,000	[TBD]	[TBD]	[TBD]	[TBD]	PulseLink Stock Purchase — Chandrasekaran Pro Rata Closing Payment	Pending
3	Nathan Vosburg	Nathan Vosburg	[TBD]	$1,569,500	[TBD]	[TBD]	[TBD]	[TBD]	PulseLink Stock Purchase — Vosburg Pro Rata Closing Payment	Pending
4	Clearwater Ventures II, L.P.	Lorena Fitzpatrick, Managing Director	330 East Broad Street, Suite 800, Columbus, OH 43215	$7,847,500	[TBD]	[TBD]	[TBD]	[TBD]	PulseLink Stock Purchase — Clearwater Pro Rata Closing Payment	Pending
5	Other Selling Stockholders (aggregate or individual wires)	Per Sellers' Representative instructions	[Various]	$5,029,218	[TBD]	[TBD]	[TBD]	[TBD]	PulseLink Stock Purchase — Other Holders Pro Rata Closing Payment	Pending
6	Pinnacle Trust Company, N.A. — Escrow Deposit	Angela Britten, Trust Officer	135 South LaSalle Street, Suite 1100, Chicago, IL 60603	$3,850,000	[TBD]	[TBD]	[TBD]	Escrow Account PT-ESC-2025-06197	PulseLink Indemnification Escrow — $3,850,000	Pending
7	Calderwood & Harkness LLP — Legal Fees	Sandra Tung / Oliver Mackenzie	1 International Place, Suite 4100, Boston, MA 02110	$850,000	[TBD]	[TBD]	[TBD]	Calderwood & Harkness LLP Trust Account	Matter 1001-00004 — Legal Fees	Pending
8	Mercer Peak Advisors LLC — Advisory Fee	Allison Tanaka	200 Park Avenue, Suite 1700, New York, NY 10166	$525,000	[TBD]	[TBD]	[TBD]	[TBD]	Financial Advisory Fee — PulseLink Acquisition	Pending
9	Northshore Indemnity Insurance Co. (via Resolute Underwriting Group, Inc.) — R&W Premium	Dana Kirkwood	101 Federal Street, Suite 2200, Boston, MA 02110	$231,000	[TBD]	[TBD]	[TBD]	[TBD]	R&W Policy Binder NSI-RW-2025-3382 — Premium	Pending
10	Greystone & Callahan LLP — Tax Advisory Fees	Samuel Breck	155 North Wacker Drive, Suite 3000, Chicago, IL 60606	$175,000	[TBD]	[TBD]	[TBD]	[TBD]	Tax Advisory — PulseLink Acquisition	Pending
11	Arbor National Bank, N.A. — Lender Fees	Kevin Shue	2100 Woodward Avenue, Detroit, MI 48201	$195,000	[TBD]	[TBD]	[TBD]	[TBD]	ANB-CL-2025-0843 — Commitment / Arrangement Fees	Pending
12	Pinnacle Trust Company, N.A. — Escrow Agent Fees	Angela Britten	135 South LaSalle Street, Suite 1100, Chicago, IL 60603	$15,000	[TBD]	[TBD]	[TBD]	[TBD]	Escrow Agent Annual Fee	Pending
13	Various — Title / Filing / Misc.	Various	Various	$40,000	[TBD]	[TBD]	[TBD]	[TBD]	Filing fees, UCC, misc.	Pending
14	Various — Transfer Taxes (Buyer's 50%)	Applicable taxing authorities	Various	$69,000	[TBD]	[TBD]	[TBD]	[TBD]	Transfer tax — Buyer share	Pending
15	Vantage Mobility Systems Corp. — Working Capital / Reserve (retained)	Janine Calloway, CFO	4800 Innovation Drive, Auburn Hills, MI 48326	$1,400,000	[Vantage corporate account]	[TBD]	[TBD]	Vantage Mobility Systems Corp.	Closing reserve — retained by Buyer	Confirmed
TOTAL ALL WIRES	$38,740,000	Wires 1–5: $31,390,000; Wire 6: $3,850,000; Wires 7–14: $2,100,000; Wire 15: $1,400,000

[sheet: Cover & Summary]
Field | Detail
Document Title | Funds Flow Memorandum
Transaction | Stock Purchase of 100% of Issued and Outstanding Common Stock of PulseLink Telematics, Inc.
Buyer | Vantage Mobility Systems Corp.
Buyer Address | 4800 Innovation Drive, Auburn Hills, MI 48326
Target | PulseLink Telematics, Inc.
Target Address | 7120 Kellner Parkway, Dublin, OH 43017
Sellers' Representative | Graham Ellersick
Sellers' Counsel | Whitfield, Draper & Colón LLP, 41 South High Street, Suite 2600, Columbus, OH 43215
Buyer's Counsel | Calderwood & Harkness LLP, 1 International Place, Suite 4100, Boston, MA 02110
Buyer's PE Sponsor | Veltrano Capital Partners Fund IV, L.P., 600 Griswold Street, Suite 3400, Detroit, MI 48226
Buyer's Lender | Arbor National Bank, N.A., 2100 Woodward Avenue, Detroit, MI 48201
Lender Commitment Letter Ref. | ANB-CL-2025-0843
Escrow Agent | Pinnacle Trust Company, N.A., 135 South LaSalle Street, Suite 1100, Chicago, IL 60603
Escrow Account Reference | PT-ESC-2025-06197
R&W Insurance Carrier | Northshore Indemnity Insurance Co.
R&W Policy Binder Number | NSI-RW-2025-3382
Buyer's Financial Advisor | Mercer Peak Advisors LLC, 200 Park Avenue, Suite 1700, New York, NY 10166
Buyer's Tax Advisor | Greystone & Callahan LLP, 155 North Wacker Drive, Suite 3000, Chicago, IL 60606
Target's Independent Auditor | Hargrove & Lindt CPAs LLP, 250 West Street, Suite 500, Columbus, OH 43215
Purchase Price | $35,000,000
Governing Law | State of Delaware
Anticipated Closing Date | June 13, 2025
C&H Matter Number | 1001-00004
Prepared By | Naomi Petersen / Ryan Kowalski, Calderwood & Harkness LLP
Reviewed By | Sandra Tung, Calderwood & Harkness LLP
Date of Memorandum | June 11, 2025 (subject to update at closing)
CONFIDENTIAL | Attorney Work Product — Privileged & Confidential
[sheet: Sources of Funds]
Line # | Source Description | Source Entity | Reference / Account | Amount ($) | Notes
1 | Equity Contribution | Veltrano Capital Partners Fund IV, L.P. | Wire from Veltrano IV operating account | $12,000,000 | Per Equity Commitment Letter; GP: Veltrano Capital GP IV LLC; Managing Partner: Howard Trask
2 | Balance Sheet Cash | Vantage Mobility Systems Corp. | Vantage corporate treasury account | $2,000,000 | Existing cash on hand
3 | Term Loan A Draw | Arbor National Bank, N.A. | ANB-CL-2025-0843; Term Loan A — 5-year, quarterly amortization; SOFR + 3.25% | $19,500,000 | Senior secured credit facility; Relationship Manager: Kevin Shue
4 | Revolving Credit Facility Draw | Arbor National Bank, N.A. | ANB-CL-2025-0843; Revolver — 3-year; SOFR + 3.00% | $5,000,000 | Drawn as needed at closing to fund remaining uses
TOTAL SOURCES | $38,500,000 | $12,000,000 + $2,000,000 + $19,500,000 + $5,000,000 = $38,500,000
[sheet: Uses of Funds]
Line # | Use Description | Recipient / Payee | Amount ($) | Notes
1 | Aggregate Purchase Price | Selling Stockholders (see Stockholder Disbursement Detail sheet) | $35,000,000 | Purchase Price per SPA; subject to NWC adjustment
1a | Less: Indemnification Escrow Holdback | Pinnacle Trust Company, N.A. (Escrow Account PT-ESC-2025-06197) | ($3,850,000) | 50% of indemnification cap ($7,700,000 × 50%); held 18 months; release date December 13, 2026; Trust Officer: Angela Britten
1b | Plus: Estimated Net Working Capital Excess | Selling Stockholders (pro rata) | $240,000 | Estimated NWC ($5,040,000) minus Target NWC ($4,800,000) = $240,000; subject to 90-day post-closing true-up
1c | Net Cash to Selling Stockholders at Closing | Selling Stockholders (see Stockholder Disbursement Detail sheet) | $31,390,000 | $35,000,000 − $3,850,000 + $240,000 = $31,390,000
2 | Indemnification Escrow Deposit | Pinnacle Trust Company, N.A. | $3,850,000 | Per Escrow Agreement; Escrow Account PT-ESC-2025-06197
3 | Estimated Buyer Transaction Expenses | Various (see Transaction Expenses Detail sheet) | $2,100,000 | Legal, advisory, insurance, financing costs
4 | Working Capital / Closing Reserve | Vantage Mobility Systems Corp. (retained) | $1,400,000 | Retained by Buyer for post-closing working capital needs
TOTAL USES | $38,740,000 | $31,390,000 (net to sellers) + $3,850,000 (escrow) + $2,100,000 (expenses) + $1,400,000 (reserve) = $38,740,000. Revolver draw adjusted to balance sources to actual uses.
SOURCES MINUS USES CHECK | $0 | Total Sources equal Total Uses after Revolver draw adjustment = $38,500,000 balanced
[sheet: Stockholder Disbursement Detail]
Selling Stockholder | Shares Held | Pro Rata % | Gross Purchase Price Allocation ($) | Less: Escrow Holdback ($) | Plus: NWC Excess Allocation ($) | Net Cash at Closing ($) | Wire Instructions / Account
Graham Ellersick | 3,290,000 | 43.98% | $15,393,000 | ($1,693,770) | $105,552 | $13,804,782 | [To be provided — wire to Ellersick personal account]
Priya Chandrasekaran | 748,000 | 10.00% | $3,500,000 | ($385,000) | $24,000 | $3,139,000 | [To be provided — wire to Chandrasekaran personal account]
Nathan Vosburg | 374,000 | 5.00% | $1,750,000 | ($192,500) | $12,000 | $1,569,500 | [To be provided — wire to Vosburg personal account]
Clearwater Ventures II, L.P. | 1,870,000 | 25.00% | $8,750,000 | ($962,500) | $60,000 | $7,847,500 | [To be provided — wire to Clearwater Ventures account; contact: Lorena Fitzpatrick; 330 East Broad Street, Suite 800, Columbus, OH 43215]
Other Selling Stockholders (angel / option pool holders) | 1,198,000 | 16.02% | $5,607,000 | ($616,230) | $38,448 | $5,029,218 | [To be provided — individual wire instructions per Sellers' Representative]
TOTAL | 7,480,000 | 100.00% | $35,000,000 | ($3,850,000) | $240,000 | $31,390,000
[sheet: Transaction Expenses Detail]
Line # | Expense Category | Payee | Payee Address | Estimated Amount ($) | Wire Instructions / Account | Notes
1 | Buyer's Legal Fees — M&A Counsel | Calderwood & Harkness LLP | 1 International Place, Suite 4100, Boston, MA 02110 | $850,000 | [C&H trust account wire details TBD] | Matter No. 1001-00004; Responsible Partner: Sandra Tung; Billing Partner: Oliver Mackenzie
2 | Buyer's Financial Advisory Fee | Mercer Peak Advisors LLC | 200 Park Avenue, Suite 1700, New York, NY 10166 | $525,000 | [Mercer Peak wire details TBD] | Per engagement letter; Managing Director: Allison Tanaka
3 | R&W Insurance Premium | Northshore Indemnity Insurance Co. (via Resolute Underwriting Group, Inc.) | 101 Federal Street, Suite 2200, Boston, MA 02110 | $231,000 | [Resolute / Northshore wire details TBD] | Policy Binder NSI-RW-2025-3382; ~3.0% of $7,700,000 policy limit; paid by Buyer; Broker contact: Dana Kirkwood
4 | Buyer's Tax Advisory Fees | Greystone & Callahan LLP | 155 North Wacker Drive, Suite 3000, Chicago, IL 60606 | $175,000 | [Greystone wire details TBD] | Section 338(h)(10) election analysis and tax structuring; Tax Partner: Samuel Breck
5 | Lender Fees & Financing Costs | Arbor National Bank, N.A. | 2100 Woodward Avenue, Detroit, MI 48201 | $195,000 | [ANB fee account wire details TBD] | Commitment fees, arrangement fees per ANB-CL-2025-0843; Relationship Manager: Kevin Shue
6 | Escrow Agent Fees | Pinnacle Trust Company, N.A. | 135 South LaSalle Street, Suite 1100, Chicago, IL 60603 | $15,000 | [Pinnacle Trust fee account TBD] | Per Escrow Agreement; Trust Officer: Angela Britten
7 | Title / Filing / Misc. Closing Costs | Various (Secretary of State filings, DE registered agent, UCC searches, etc.) | Various | $40,000 | [Various — see closing checklist] | Includes DE Secretary of State good standing certificates, UCC filing fees, registered agent fees to Capitol Registered Agents, Inc.
8 | Transfer Taxes (Buyer's 50% share) | Applicable taxing authorities | Various | $69,000 | [Per closing statement] | Transfer taxes split 50/50 between Buyer and Sellers per SPA
TOTAL ESTIMATED BUYER TRANSACTION EXPENSES | $2,100,000 | $850,000 + $525,000 + $231,000 + $175,000 + $195,000 + $15,000 + $40,000 + $69,000 = $2,100,000
[sheet: Wire Instructions]
Wire # | Recipient | Recipient Contact | Recipient Address | Amount ($) | Bank Name | ABA / Routing # | Account # | Account Name | Reference / Memo | Status
1 | Graham Ellersick | Graham Ellersick (Sellers' Representative) | c/o PulseLink Telematics, Inc., 7120 Kellner Parkway, Dublin, OH 43017 | $13,804,782 | [TBD] | [TBD] | [TBD] | [TBD] | PulseLink Stock Purchase — Ellersick Pro Rata Closing Payment | Pending
2 | Priya Chandrasekaran | Priya Chandrasekaran | [TBD] | $3,139,000 | [TBD] | [TBD] | [TBD] | [TBD] | PulseLink Stock Purchase — Chandrasekaran Pro Rata Closing Payment | Pending
3 | Nathan Vosburg | Nathan Vosburg | [TBD] | $1,569,500 | [TBD] | [TBD] | [TBD] | [TBD] | PulseLink Stock Purchase — Vosburg Pro Rata Closing Payment | Pending
4 | Clearwater Ventures II, L.P. | Lorena Fitzpatrick, Managing Director | 330 East Broad Street, Suite 800, Columbus, OH 43215 | $7,847,500 | [TBD] | [TBD] | [TBD] | [TBD] | PulseLink Stock Purchase — Clearwater Pro Rata Closing Payment | Pending
5 | Other Selling Stockholders (aggregate or individual wires) | Per Sellers' Representative instructions | [Various] | $5,029,218 | [TBD] | [TBD] | [TBD] | [TBD] | PulseLink Stock Purchase — Other Holders Pro Rata Closing Payment | Pending
6 | Pinnacle Trust Company, N.A. — Escrow Deposit | Angela Britten, Trust Officer | 135 South LaSalle Street, Suite 1100, Chicago, IL 60603 | $3,850,000 | [TBD] | [TBD] | [TBD] | Escrow Account PT-ESC-2025-06197 | PulseLink Indemnification Escrow — $3,850,000 | Pending
7 | Calderwood & Harkness LLP — Legal Fees | Sandra Tung / Oliver Mackenzie | 1 International Place, Suite 4100, Boston, MA 02110 | $850,000 | [TBD] | [TBD] | [TBD] | Calderwood & Harkness LLP Trust Account | Matter 1001-00004 — Legal Fees | Pending
8 | Mercer Peak Advisors LLC — Advisory Fee | Allison Tanaka | 200 Park Avenue, Suite 1700, New York, NY 10166 | $525,000 | [TBD] | [TBD] | [TBD] | [TBD] | Financial Advisory Fee — PulseLink Acquisition | Pending
9 | Northshore Indemnity Insurance Co. (via Resolute Underwriting Group, Inc.) — R&W Premium | Dana Kirkwood | 101 Federal Street, Suite 2200, Boston, MA 02110 | $231,000 | [TBD] | [TBD] | [TBD] | [TBD] | R&W Policy Binder NSI-RW-2025-3382 — Premium | Pending
10 | Greystone & Callahan LLP — Tax Advisory Fees | Samuel Breck | 155 North Wacker Drive, Suite 3000, Chicago, IL 60606 | $175,000 | [TBD] | [TBD] | [TBD] | [TBD] | Tax Advisory — PulseLink Acquisition | Pending
11 | Arbor National Bank, N.A. — Lender Fees | Kevin Shue | 2100 Woodward Avenue, Detroit, MI 48201 | $195,000 | [TBD] | [TBD] | [TBD] | [TBD] | ANB-CL-2025-0843 — Commitment / Arrangement Fees | Pending
12 | Pinnacle Trust Company, N.A. — Escrow Agent Fees | Angela Britten | 135 South LaSalle Street, Suite 1100, Chicago, IL 60603 | $15,000 | [TBD] | [TBD] | [TBD] | [TBD] | Escrow Agent Annual Fee | Pending
13 | Various — Title / Filing / Misc. | Various | Various | $40,000 | [TBD] | [TBD] | [TBD] | [TBD] | Filing fees, UCC, misc. | Pending
14 | Various — Transfer Taxes (Buyer's 50%) | Applicable taxing authorities | Various | $69,000 | [TBD] | [TBD] | [TBD] | [TBD] | Transfer tax — Buyer share | Pending
15 | Vantage Mobility Systems Corp. — Working Capital / Reserve (retained) | Janine Calloway, CFO | 4800 Innovation Drive, Auburn Hills, MI 48326 | $1,400,000 | [Vantage corporate account] | [TBD] | [TBD] | Vantage Mobility Systems Corp. | Closing reserve — retained by Buyer | Confirmed
TOTAL ALL WIRES | $38,740,000 | Wires 1–5: $31,390,000; Wire 6: $3,850,000; Wires 7–14: $2,100,000; Wire 15: $1,400,000

[sheet: Cover & Summary]

Record

Parties

Dates

Amounts