[sheet: Settlement Statement]

Line No.	Description	Buyer Debit	Buyer Credit	Seller Debit	Seller Credit	Notes
1	Purchase Price — Stonebridge Parcel (62.0 acres, Loudoun County Tax Map Ref. /95-4A-1///)	58,500,000.00	58,500,000.00	PSA dated April 15, 2025; $943,548/acre
2	Earnest Money Deposit — First Tranche (deposited at PSA execution, April 15, 2025)	1,462,500.00	1,462,500.00	Held by Fidelitas Title & Escrow, Inc.
3	Earnest Money Deposit — Second Tranche (deposited at expiration of due diligence, July 14, 2025)	1,462,500.00	1,462,500.00	Held by Fidelitas Title & Escrow, Inc.
4	Total Earnest Money Credit	2,925,000.00	2,925,000.00	5% of $58,500,000
5	Proration — Real Estate Taxes (Loudoun County, Jan 1 – Sep 15, 2025; 258 days of 365) — Seller's Share	52,347.95	52,347.95	Annual tax est. $74,050.00 (assessed value ~$6,750,000 × $1.097/$100); Seller's share: $74,050.00 × 258/365 = $52,347.95; credited to Buyer if taxes unpaid at closing
6	Proration — Real Estate Taxes (Buyer's share Sep 16 – Dec 31, 2025; 107 days of 365)	21,702.05	Buyer assumes taxes from closing date forward; $74,050.00 × 107/365 = $21,702.05
7	Virginia State Grantor's Tax ($1.00 per $1,000 of consideration)	58,500.00	$58,500,000 × $1.00/$1,000 = $58,500.00; paid by Seller per Virginia Code § 58.1-802
8	Virginia State Grantee's Tax (Regional Congestion Relief Fee — $0.15 per $100 of consideration, applicable in NoVA localities)	87,750.00	$58,500,000 × $0.15/$100 = $87,750.00; paid by Buyer
9	Loudoun County Local Recording Tax (Deed)	48,730.50	$58,500,000 × $0.0833/$100 = $48,730.50; per Va. Code § 58.1-814
10	Deed Recording Fee — Loudoun County Circuit Court Clerk	186.00	Estimated 6 pages × $31.00/page = $186.00; per Loudoun County Clerk's fee schedule
11	Owner's Title Insurance Premium — Sovereign Title Insurance Company (policy amount: $58,500,000)	127,500.00	Paid by Seller per PSA terms; underwritten by Sovereign Title Insurance Company through Fidelitas Title & Escrow, Inc.
12	Lender's Title Insurance Premium — Sovereign Title Insurance Company (policy amount: $390,000,000)	0.00	Deferred to construction loan closing (October 15, 2025); not charged at land closing
13	Title Search / Examination Fee — Fidelitas Title & Escrow, Inc.	3,750.00	Title commitment effective date: April 3, 2025; paid by Seller
14	Escrow / Settlement Fee — Fidelitas Title & Escrow, Inc. (Seller's share)	3,500.00	Total settlement fee $7,000; split equally between Buyer and Seller per PSA
15	Escrow / Settlement Fee — Fidelitas Title & Escrow, Inc. (Buyer's share)	3,500.00	Total settlement fee $7,000; split equally between Buyer and Seller per PSA
16	ALTA/NSPS Survey Cost — Lumen Ridge Engineering, PLLC	38,500.00	Survey completed by June 15, 2025; Carlos Esteban, PE; 62.0 acres
17	Phase I ESA Cost — Pendleton Environmental Associates, Inc.	12,500.00	Phase I completed by June 1, 2025; Dr. Renata Volkov
18	Phase II ESA Cost — Pendleton Environmental Associates, Inc.	47,500.00	Phase II completed by July 1, 2025; NW quadrant pesticide investigation (4.2 acres)
19	Appraisal Fee — Greystone Appraisal Partners, LLC	18,000.00	MAI appraisal for lender; Janet Choi, MAI
20	Geotechnical Investigation — Brannigan Geotechnical Engineering, LLC	32,000.00	Foundation design recommendations; Neil Brannigan, PE
21	Seller's Attorney Fees — Whitfield, Poole & Stratton LLP	85,000.00	Harrison Poole, Lead Partner
22	Buyer's Attorney Fees — Calderwood & Harkness LLP	175,000.00	Douglas Fairchild / Cynthia Ho; Matter No. 1043-00002
23	Deed Preparation Fee	1,500.00	Special Warranty Deed — Blackthorn Realty Group, Inc. to Stonebridge Campus Holdings LLC
24	Assignment of PSA Fee (IHDC to Stonebridge Campus Holdings LLC)	2,500.00	Assignment and Assumption Agreement — pre-closing

25	Proration — Association / HOA Dues	N/A — no HOA applicable
26	Proration — Utility Charges (Seller's share through closing)	375.00	Seller responsible through date of closing; minimal charges on undeveloped land
27	Proration — Stormwater / Drainage Fees (Seller's share, 258/365)	282.74	282.74	Annual fee est. $400.00; Seller's share: $400.00 × 258/365 = $282.74
28	Proration — Stormwater / Drainage Fees (Buyer's share, 107/365)	117.26	Buyer's share: $400.00 × 107/365 = $117.26

30	Subtotal — Buyer Debits	58,987,985.81	Sum of all Buyer Debit items (Lines 1,6,8,9,10,15,16,17,18,19,20,22,24,28)
31	Subtotal — Buyer Credits	2,977,630.69	Sum of all Buyer Credit items (Lines 4,5,27)
32	Net Amount Due from Buyer at Closing	56,010,355.12	Buyer Debits ($58,987,985.81) minus Buyer Credits ($2,977,630.69)
33	Subtotal — Seller Credits	58,500,000.00	Sum of all Seller Credit items (Line 1 — Purchase Price)
34	Subtotal — Seller Debits	3,256,955.69	Sum of all Seller Debit items (Lines 2,3,5,7,11,13,14,21,23,26,27)
35	Net Amount Due to Seller at Closing	55,243,044.31	Seller Credits ($58,500,000.00) minus Seller Debits ($3,256,955.69)

[sheet: Closing Checklist]

Item No.	Category	Document / Deliverable	Responsible Party	Due Date	Status	Notes
1	Seller Deliverables	Special Warranty Deed — Blackthorn Realty Group, Inc. (Grantor) to Stonebridge Campus Holdings LLC (Grantee), Loudoun County Tax Map Ref. /95-4A-1///	Whitfield, Poole & Stratton LLP (Harrison Poole) / Blackthorn Realty Group, Inc.	September 15, 2025	Draft	Conveyance of 62.0 acres; consideration: $58,500,000
2	Seller Deliverables	Seller's Affidavit of Title / Owner's Affidavit	Blackthorn Realty Group, Inc. (Donald R. Whitaker, President)	September 15, 2025	Pending	Required by Fidelitas Title & Escrow, Inc.
3	Seller Deliverables	FIRPTA Certificate (Non-Foreign Affidavit) — Blackthorn Realty Group, Inc.	Whitfield, Poole & Stratton LLP	September 15, 2025	Pending	Blackthorn is a Virginia corporation; EIN: 54-1987234
4	Seller Deliverables	Certificate of Good Standing — Blackthorn Realty Group, Inc. (Virginia SCC)	Whitfield, Poole & Stratton LLP	September 15, 2025	Pending	Virginia SCC Entity ID: 0412876-3
5	Seller Deliverables	Corporate Resolution / Authority — Blackthorn Realty Group, Inc. authorizing sale	Whitfield, Poole & Stratton LLP	September 15, 2025	Pending	Patricia Whitaker-Connolly, General Counsel
6	Seller Deliverables	Seller's Closing Certificate — representations and warranties bring-down	Whitfield, Poole & Stratton LLP	September 15, 2025	Pending
7	Seller Deliverables	Title Curative Documents — response to Title Objection Letter	Whitfield, Poole & Stratton LLP	Prior to closing	Under Review	Per title objection letter from Calderwood & Harkness LLP (Cynthia Ho)
8	Seller Deliverables	Mechanic's Lien Affidavit / No-Liens Affidavit	Blackthorn Realty Group, Inc.	September 15, 2025	Pending
9	Seller Deliverables	Keys, Access Codes, and Site Materials (if applicable)	Blackthorn Realty Group, Inc.	September 15, 2025	Pending	Undeveloped land; limited applicability
10	Seller Deliverables	Virginia Uniform Real Property Transfer on Death Act Waiver (if applicable)	Whitfield, Poole & Stratton LLP	September 15, 2025	N/A	Not applicable — corporate seller
11	Buyer Deliverables	Assignment and Assumption of PSA — IHDC to Stonebridge Campus Holdings LLC	Calderwood & Harkness LLP (Cynthia Ho)	Prior to closing	Draft	IHDC retains guaranty obligations
12	Buyer Deliverables	Secretary's Certificate — Ironhaven Data Centers LLC (authority to transact)	Calderwood & Harkness LLP	September 15, 2025	Draft	Marcus Thorne (CEO) and Priya Dasgupta (CFO) as authorized signatories
13	Buyer Deliverables	Articles of Organization — Stonebridge Campus Holdings LLC (Virginia LLC) — filed and certified	Calderwood & Harkness LLP	Prior to closing	Draft	Filed with Virginia SCC; wholly owned by IHDC
14	Buyer Deliverables	Operating Agreement — Stonebridge Campus Holdings LLC (executed)	Calderwood & Harkness LLP	Prior to closing	Draft	Includes single-purpose entity and separateness covenants per lender requirements
15	Buyer Deliverables	Certificate of Good Standing — Ironhaven Data Centers LLC (Delaware SOS + Virginia SCC)	Calderwood & Harkness LLP	September 15, 2025	Pending	Delaware LLC; Virginia SCC Entity ID: S7491283; EIN: 84-3291057
16	Buyer Deliverables	Certificate of Good Standing — Stonebridge Campus Holdings LLC (Virginia SCC)	Calderwood & Harkness LLP	September 15, 2025	Pending	To be obtained upon formation
17	Buyer Deliverables	Buyer's Closing Certificate	Calderwood & Harkness LLP	September 15, 2025	Draft
18	Buyer Deliverables	Evidence of Insurance — Stonebridge Campus Holdings LLC (general liability, if required at closing)	Northgate Insurance Brokerage, LLC (William Keane)	September 15, 2025	Pending	May be deferred to construction loan closing
19	Title & Survey	Owner's Title Insurance Policy — Sovereign Title Insurance Company (amount: $58,500,000)	Fidelitas Title & Escrow, Inc.	At or post-closing	Pending	Title commitment effective date: April 3, 2025
20	Title & Survey	Title Commitment — final updated commitment with all exceptions resolved	Fidelitas Title & Escrow, Inc.	Prior to closing	Under Review	Original commitment: April 3, 2025; bring-down search required
21	Title & Survey	ALTA/NSPS Land Title Survey — Stonebridge Parcel (62.0 acres)	Lumen Ridge Engineering, PLLC (Carlos Esteban, PE)	June 15, 2025	Pending	Survey to be certified to Buyer, lenders, and title company
22	Title & Survey	Title Objection Letter — confirmation of curative completion	Calderwood & Harkness LLP (Cynthia Ho) / Whitfield, Poole & Stratton LLP (Harrison Poole)	Prior to closing	Under Review
23	Title & Survey	Endorsements to Owner's Title Policy (access, zoning, survey, etc.)	Fidelitas Title & Escrow, Inc. / Sovereign Title Insurance Company	At or post-closing	Pending	As required by Buyer and lender
24	Due Diligence	Phase I ESA — Stonebridge Parcel	Pendleton Environmental Associates, Inc. (Dr. Renata Volkov)	June 1, 2025	Pending	Former agricultural use identified

25	Due Diligence	Phase II ESA — Stonebridge Parcel (NW quadrant, ~4.2 acres)	Pendleton Environmental Associates, Inc. (Dr. Renata Volkov)	July 1, 2025	Pending	Potential residual pesticide contamination; sampling authorized
26	Due Diligence	Environmental Due Diligence Summary Memorandum — Stonebridge Parcel	Calderwood & Harkness LLP (Grace Nakamura)	Post Phase II	Draft	Summary of Phase I and Phase II findings
27	Due Diligence	Geotechnical Investigation Report — Stonebridge Parcel	Brannigan Geotechnical Engineering, LLC (Neil Brannigan, PE)	Prior to closing	Pending	Foundation design recommendations
28	Due Diligence	MAI Appraisal — Stonebridge Parcel	Greystone Appraisal Partners, LLC (Janet Choi, MAI)	Prior to closing	Pending	Independent appraisal for construction lender
29	Due Diligence	Zoning Confirmation / ZMOD Status Letter	Ashcroft & Wynn, P.C. (Thomas Ashcroft) / Cornerstone Land Use Consulting, LLC (Alan Mercer)	Prior to closing	Pending	Current zoning: PD-IP; ZMOD application (ZMOD-2025-0038) filed May 30, 2025; Board of Supervisors hearing: October 2025
30	Due Diligence	Due Diligence Period Expiration Confirmation — Stonebridge PSA	Calderwood & Harkness LLP	July 14, 2025	Pending	90 days from PSA execution (April 15, 2025)
31	Due Diligence	Wetlands / Waters of the US Delineation Report (if applicable)	Pendleton Environmental Associates, Inc.	Prior to closing	Pending	Preliminary desktop review completed; field delineation may be required
32	Financing Coordination	Confirmation of equity funding status — Ridgeline Capital Partners Fund IV, LP	Julian Hargrove / Priya Dasgupta	Prior to closing	Pending	Ridgeline Fund IV to fund $210M total equity; Investment ID: RCP-IV-2025-DC-07; 92% interest through RCP Digital Holdings LLC
33	Financing Coordination	Construction Loan Commitment Letter — Summit National Bank, N.A.	Karen Ellsworth (Summit) / Redmond & Calloway LLP (Victor Redmond)	August 1, 2025	Pending	Ref: CL-2025-VA-04418; $390M facility; construction loan closing targeted for October 15, 2025 (post land closing)
34	Financing Coordination	Lender consent to land closing prior to construction loan closing (if required)	Summit National Bank / Redmond & Calloway LLP	Prior to closing	Pending	Coordination with lender's counsel required
35	Financing Coordination	Equity capital call notice — Ridgeline Capital Partners Fund IV, LP	Julian Hargrove / Priya Dasgupta	10 business days prior to closing	Pending	Land acquisition equity draw from Fund IV
36	Escrow & Funds	Wire transfer instructions — Buyer to Fidelitas Title & Escrow, Inc.	Fidelitas Title & Escrow, Inc.	3 business days prior to closing	Pending	Fidelitas: 44121 Harry Byrd Highway, Suite 120, Ashburn, VA 20147
37	Escrow & Funds	Release of Earnest Money Deposit ($2,925,000) from escrow to Seller credit	Fidelitas Title & Escrow, Inc.	September 15, 2025	Pending	Two tranches: $1,462,500 (execution) + $1,462,500 (DD expiration)
38	Escrow & Funds	Wire of net closing proceeds to Seller (Blackthorn Realty Group, Inc.)	Fidelitas Title & Escrow, Inc.	September 15, 2025	Pending	Blackthorn address: 112 East Market Street, Suite 400, Leesburg, VA 20176
39	Escrow & Funds	Verification of wire instructions — callback to Seller's bank	Fidelitas Title & Escrow, Inc.	Prior to closing	Pending	Anti-fraud verification protocol
40	Recording & Post-Closing	Recording of Special Warranty Deed — Loudoun County Circuit Court Clerk's Office	Fidelitas Title & Escrow, Inc.	September 15, 2025 (same day)	Pending
41	Recording & Post-Closing	Delivery of recorded deed to Buyer	Fidelitas Title & Escrow, Inc.	Post-closing	Pending
42	Recording & Post-Closing	Issuance of final Owner's Title Insurance Policy	Fidelitas Title & Escrow, Inc. / Sovereign Title Insurance Company	Post-closing	Pending	Policy amount: $58,500,000
43	Recording & Post-Closing	Virginia Grantor's Tax payment filing confirmation	Fidelitas Title & Escrow, Inc.	At closing	Pending	$58,500.00
44	Recording & Post-Closing	Update Loudoun County land records — transfer of Tax Map Ref. /95-4A-1///	Fidelitas Title & Escrow, Inc.	Post-closing	Pending
45	Recording & Post-Closing	Notification to Vantage Power Cooperative of ownership change (if required by LLSA or site access)	Calderwood & Harkness LLP	Post-closing	Pending	VPC Service Application No. LSA-2025-0091
46	Recording & Post-Closing	Post-closing bring-down title search confirmation	Fidelitas Title & Escrow, Inc.	Post-closing	Pending
47	Recording & Post-Closing	Final settlement statement distribution to all parties	Fidelitas Title & Escrow, Inc.	Post-closing	Pending	Copies to Buyer, Seller, and respective counsel

[sheet: Proration Schedule]

Item	Annual Amount	Proration Period	Days — Seller	Days — Buyer	Total Days in Year	Seller's Share	Buyer's Share	Notes
Real Estate Taxes — Loudoun County (Stonebridge Parcel, Tax Map Ref. /95-4A-1///)	74,050.00	Jan 1, 2025 – Dec 31, 2025	258	107	365	52,347.95	21,702.05	Assessed value est. $6,750,000; tax rate: $1.097/$100; annual tax: $74,047.50 (rounded to $74,050.00). Seller pays through Sep 15, 2025; if taxes unpaid at closing, Seller credits Buyer; if prepaid, Buyer reimburses Seller's overpayment
Stormwater / Drainage Fees — Loudoun County (if applicable)	400.00	Jan 1, 2025 – Dec 31, 2025	258	107	365	282.74	117.26	Applicable to undeveloped land; estimated based on Loudoun County stormwater management fee schedule
Utility Charges (metered water/sewer, if any)	375.00	Final meter reading at closing	258	N/A	N/A	375.00	0.00	Undeveloped land — minimal or no metered utilities; Seller responsible for all charges through closing date based on final reading
Association / HOA Dues	0.00	N/A	N/A	N/A	N/A	0.00	0.00	N/A — no HOA applicable to the Stonebridge Parcel
Total Prorations	74,825.00	53,005.69	21,819.31	Verification: $53,005.69 + $21,819.31 = $74,825.00 ✓

[sheet: Transfer Tax & Recording Fee Su]

Fee / Tax	Statutory Basis	Rate	Calculation Base	Amount	Paid By	Notes
Virginia State Grantor's Tax	Va. Code § 58.1-802	$1.00 per $1,000 of consideration (or $0.50 per $500)	58,500,000.00	58,500.00	Seller (Blackthorn Realty Group, Inc.)	Standard seller obligation under Virginia law
Virginia State Grantee's Tax (Regional Congestion Relief Fee — Northern Virginia)	Va. Code § 58.1-802.2 (applicable in NoVA localities)	$0.15 per $100 of consideration	58,500,000.00	87,750.00	Buyer (Stonebridge Campus Holdings LLC)	Applicable in Loudoun County as a Northern Virginia locality
Loudoun County Local Recording Tax (Deed)	Va. Code § 58.1-814	$0.0833 per $100 of consideration	58,500,000.00	48,730.50	Buyer (Stonebridge Campus Holdings LLC)	Locally adopted rate per Loudoun County ordinance
Deed Recording Fee — Loudoun County Circuit Court Clerk	Loudoun County Clerk's fee schedule	$31.00 per page (estimated)	N/A	186.00	Buyer (Stonebridge Campus Holdings LLC)	Estimated 6 pages for Special Warranty Deed
Assignment Recording Fee (if recorded)	Loudoun County Clerk's fee schedule	$31.00 per page (estimated)	N/A	124.00	Buyer (Stonebridge Campus Holdings LLC)	Estimated 4 pages; Assignment and Assumption of PSA (if recorded)
State Writ Tax (if applicable)	Va. Code § 58.1-805	N/A	N/A	0.00	N/A	Not applicable to this transaction type
Total Transfer Taxes and Recording Fees	195,290.50	Sum of all items: $58,500.00 + $87,750.00 + $48,730.50 + $186.00 + $124.00 + $0.00 = $195,290.50

[sheet: Key Transaction Summary]

Field	Detail
Transaction	Acquisition of Stonebridge Parcel
Property Description	62.0 acres, NE corner of Belmont Ridge Road and Stonebridge Boulevard, unincorporated Loudoun County, Virginia 20148
Loudoun County Tax Map Reference	/95-4A-1///
Current Zoning	PD-IP (Planned Development – Industrial Park)
ZMOD Application	ZMOD-2025-0038 (filed May 30, 2025; Board of Supervisors hearing October 2025)
Seller	Blackthorn Realty Group, Inc. (Virginia corporation)
Seller Address	112 East Market Street, Suite 400, Leesburg, VA 20176
Seller EIN	54-1987234
Seller Virginia SCC Entity ID	0412876-3
Seller President	Donald R. Whitaker
Seller General Counsel	Patricia Whitaker-Connolly
Seller's Counsel	Whitfield, Poole & Stratton LLP — Harrison Poole
Seller's Counsel Address	305 Harrison Street SE, Suite 200, Leesburg, VA 20175
Buyer (Original PSA Party)	Ironhaven Data Centers LLC (Delaware LLC)
Buyer HQ Address	44680 Prentice Drive, Suite 200, Ashburn, VA 20147
Buyer EIN	84-3291057
Buyer Virginia SCC Entity ID	S7491283
Buyer CEO	Marcus Thorne
Buyer CFO	Priya Dasgupta
Buyer EVP Development	Leonard Castellano
Assignee / Grantee (at Closing)	Stonebridge Campus Holdings LLC (Virginia LLC, wholly owned by IHDC)
Assignee EIN	To be obtained upon formation
Equity Sponsor	Ridgeline Capital Partners Fund IV, LP (92% indirect interest through RCP Digital Holdings LLC)
Equity Sponsor — Managing Partner	Julian Hargrove

Ridgeline Fund IV Investment ID	RCP-IV-2025-DC-07
Total Equity Commitment (Fund IV)	$210,000,000
Buyer's Counsel	Calderwood & Harkness LLP — Douglas Fairchild (Responsible Partner), Cynthia Ho (Lead Associate)
C&H Matter No.	1043-00002
C&H Environmental Associate	Grace Nakamura
Local Zoning Counsel	Ashcroft & Wynn, P.C. — Thomas Ashcroft
Lender's Counsel	Redmond & Calloway LLP — Victor Redmond
Purchase Price	$58,500,000.00
Price Per Acre	$943,548 (rounded from $943,548.39)
Earnest Money Deposit (Total)	$2,925,000.00 (5% of purchase price)
Earnest Money — First Tranche	$1,462,500.00 (at PSA execution, April 15, 2025)
Earnest Money — Second Tranche	$1,462,500.00 (at DD expiration, July 14, 2025)
PSA Execution Date	April 15, 2025
Due Diligence Period	90 days from PSA execution
Due Diligence Expiration	July 14, 2025
Targeted Closing Date	September 15, 2025
Escrow Agent / Title Company	Fidelitas Title & Escrow, Inc.
Escrow Agent Address	44121 Harry Byrd Highway, Suite 120, Ashburn, VA 20147
Title Underwriter	Sovereign Title Insurance Company
Title Commitment Effective Date	April 3, 2025
Owner's Title Insurance Policy Amount	$58,500,000.00
Deed Type	Special Warranty Deed
Governing Law	Commonwealth of Virginia
Part of Larger Project	Stonebridge Data Center Campus — $600,000,000 total project budget; 96 MW critical IT load across 4 buildings
Related Transaction — Meridian Parcel	19.4 acres from Meridian Acres LLC at $19,400,000; also closing September 15, 2025

Construction Loan	$390,000,000 — Summit National Bank, N.A. (Admin Agent); Ref: CL-2025-VA-04418; closing target October 15, 2025
Construction Loan Contact	Karen Ellsworth, Summit National Bank, N.A.
EPC Contractor	Titan-McAllister Construction Group, LLC — GMP: $412,000,000
Environmental Consultant	Pendleton Environmental Associates, Inc. — Dr. Renata Volkov
Surveyor / Civil Engineer	Lumen Ridge Engineering, PLLC — Carlos Esteban, PE
Geotechnical Engineer	Brannigan Geotechnical Engineering, LLC — Neil Brannigan, PE
Appraiser	Greystone Appraisal Partners, LLC — Janet Choi, MAI
Owner's Representative	Kestrel Infrastructure Advisors, LLC — Diane Prescott
Land Use Consultant	Cornerstone Land Use Consulting, LLC — Alan Mercer
Insurance Broker	Northgate Insurance Brokerage, LLC — William Keane
Power Utility	Vantage Power Cooperative — Service Application No. LSA-2025-0091

[sheet: Settlement Statement]
Line No. | Description | Buyer Debit | Buyer Credit | Seller Debit | Seller Credit | Notes
1 | Purchase Price — Stonebridge Parcel (62.0 acres, Loudoun County Tax Map Ref. /95-4A-1///) | 58,500,000.00 | 58,500,000.00 | PSA dated April 15, 2025; $943,548/acre
2 | Earnest Money Deposit — First Tranche (deposited at PSA execution, April 15, 2025) | 1,462,500.00 | 1,462,500.00 | Held by Fidelitas Title & Escrow, Inc.
3 | Earnest Money Deposit — Second Tranche (deposited at expiration of due diligence, July 14, 2025) | 1,462,500.00 | 1,462,500.00 | Held by Fidelitas Title & Escrow, Inc.
4 | Total Earnest Money Credit | 2,925,000.00 | 2,925,000.00 | 5% of $58,500,000
5 | Proration — Real Estate Taxes (Loudoun County, Jan 1 – Sep 15, 2025; 258 days of 365) — Seller's Share | 52,347.95 | 52,347.95 | Annual tax est. $74,050.00 (assessed value ~$6,750,000 × $1.097/$100); Seller's share: $74,050.00 × 258/365 = $52,347.95; credited to Buyer if taxes unpaid at closing
6 | Proration — Real Estate Taxes (Buyer's share Sep 16 – Dec 31, 2025; 107 days of 365) | 21,702.05 | Buyer assumes taxes from closing date forward; $74,050.00 × 107/365 = $21,702.05
7 | Virginia State Grantor's Tax ($1.00 per $1,000 of consideration) | 58,500.00 | $58,500,000 × $1.00/$1,000 = $58,500.00; paid by Seller per Virginia Code § 58.1-802
8 | Virginia State Grantee's Tax (Regional Congestion Relief Fee — $0.15 per $100 of consideration, applicable in NoVA localities) | 87,750.00 | $58,500,000 × $0.15/$100 = $87,750.00; paid by Buyer
9 | Loudoun County Local Recording Tax (Deed) | 48,730.50 | $58,500,000 × $0.0833/$100 = $48,730.50; per Va. Code § 58.1-814
10 | Deed Recording Fee — Loudoun County Circuit Court Clerk | 186.00 | Estimated 6 pages × $31.00/page = $186.00; per Loudoun County Clerk's fee schedule
11 | Owner's Title Insurance Premium — Sovereign Title Insurance Company (policy amount: $58,500,000) | 127,500.00 | Paid by Seller per PSA terms; underwritten by Sovereign Title Insurance Company through Fidelitas Title & Escrow, Inc.
12 | Lender's Title Insurance Premium — Sovereign Title Insurance Company (policy amount: $390,000,000) | 0.00 | Deferred to construction loan closing (October 15, 2025); not charged at land closing
13 | Title Search / Examination Fee — Fidelitas Title & Escrow, Inc. | 3,750.00 | Title commitment effective date: April 3, 2025; paid by Seller
14 | Escrow / Settlement Fee — Fidelitas Title & Escrow, Inc. (Seller's share) | 3,500.00 | Total settlement fee $7,000; split equally between Buyer and Seller per PSA
15 | Escrow / Settlement Fee — Fidelitas Title & Escrow, Inc. (Buyer's share) | 3,500.00 | Total settlement fee $7,000; split equally between Buyer and Seller per PSA
16 | ALTA/NSPS Survey Cost — Lumen Ridge Engineering, PLLC | 38,500.00 | Survey completed by June 15, 2025; Carlos Esteban, PE; 62.0 acres
17 | Phase I ESA Cost — Pendleton Environmental Associates, Inc. | 12,500.00 | Phase I completed by June 1, 2025; Dr. Renata Volkov
18 | Phase II ESA Cost — Pendleton Environmental Associates, Inc. | 47,500.00 | Phase II completed by July 1, 2025; NW quadrant pesticide investigation (4.2 acres)
19 | Appraisal Fee — Greystone Appraisal Partners, LLC | 18,000.00 | MAI appraisal for lender; Janet Choi, MAI
20 | Geotechnical Investigation — Brannigan Geotechnical Engineering, LLC | 32,000.00 | Foundation design recommendations; Neil Brannigan, PE
21 | Seller's Attorney Fees — Whitfield, Poole & Stratton LLP | 85,000.00 | Harrison Poole, Lead Partner
22 | Buyer's Attorney Fees — Calderwood & Harkness LLP | 175,000.00 | Douglas Fairchild / Cynthia Ho; Matter No. 1043-00002
23 | Deed Preparation Fee | 1,500.00 | Special Warranty Deed — Blackthorn Realty Group, Inc. to Stonebridge Campus Holdings LLC
24 | Assignment of PSA Fee (IHDC to Stonebridge Campus Holdings LLC) | 2,500.00 | Assignment and Assumption Agreement — pre-closing
25 | Proration — Association / HOA Dues | N/A — no HOA applicable
26 | Proration — Utility Charges (Seller's share through closing) | 375.00 | Seller responsible through date of closing; minimal charges on undeveloped land
27 | Proration — Stormwater / Drainage Fees (Seller's share, 258/365) | 282.74 | 282.74 | Annual fee est. $400.00; Seller's share: $400.00 × 258/365 = $282.74
28 | Proration — Stormwater / Drainage Fees (Buyer's share, 107/365) | 117.26 | Buyer's share: $400.00 × 107/365 = $117.26
29
30 | Subtotal — Buyer Debits | 58,987,985.81 | Sum of all Buyer Debit items (Lines 1,6,8,9,10,15,16,17,18,19,20,22,24,28)
31 | Subtotal — Buyer Credits | 2,977,630.69 | Sum of all Buyer Credit items (Lines 4,5,27)
32 | Net Amount Due from Buyer at Closing | 56,010,355.12 | Buyer Debits ($58,987,985.81) minus Buyer Credits ($2,977,630.69)
33 | Subtotal — Seller Credits | 58,500,000.00 | Sum of all Seller Credit items (Line 1 — Purchase Price)
34 | Subtotal — Seller Debits | 3,256,955.69 | Sum of all Seller Debit items (Lines 2,3,5,7,11,13,14,21,23,26,27)
35 | Net Amount Due to Seller at Closing | 55,243,044.31 | Seller Credits ($58,500,000.00) minus Seller Debits ($3,256,955.69)
[sheet: Closing Checklist]
Item No. | Category | Document / Deliverable | Responsible Party | Due Date | Status | Notes
1 | Seller Deliverables | Special Warranty Deed — Blackthorn Realty Group, Inc. (Grantor) to Stonebridge Campus Holdings LLC (Grantee), Loudoun County Tax Map Ref. /95-4A-1/// | Whitfield, Poole & Stratton LLP (Harrison Poole) / Blackthorn Realty Group, Inc. | September 15, 2025 | Draft | Conveyance of 62.0 acres; consideration: $58,500,000
2 | Seller Deliverables | Seller's Affidavit of Title / Owner's Affidavit | Blackthorn Realty Group, Inc. (Donald R. Whitaker, President) | September 15, 2025 | Pending | Required by Fidelitas Title & Escrow, Inc.
3 | Seller Deliverables | FIRPTA Certificate (Non-Foreign Affidavit) — Blackthorn Realty Group, Inc. | Whitfield, Poole & Stratton LLP | September 15, 2025 | Pending | Blackthorn is a Virginia corporation; EIN: 54-1987234
4 | Seller Deliverables | Certificate of Good Standing — Blackthorn Realty Group, Inc. (Virginia SCC) | Whitfield, Poole & Stratton LLP | September 15, 2025 | Pending | Virginia SCC Entity ID: 0412876-3
5 | Seller Deliverables | Corporate Resolution / Authority — Blackthorn Realty Group, Inc. authorizing sale | Whitfield, Poole & Stratton LLP | September 15, 2025 | Pending | Patricia Whitaker-Connolly, General Counsel
6 | Seller Deliverables | Seller's Closing Certificate — representations and warranties bring-down | Whitfield, Poole & Stratton LLP | September 15, 2025 | Pending
7 | Seller Deliverables | Title Curative Documents — response to Title Objection Letter | Whitfield, Poole & Stratton LLP | Prior to closing | Under Review | Per title objection letter from Calderwood & Harkness LLP (Cynthia Ho)
8 | Seller Deliverables | Mechanic's Lien Affidavit / No-Liens Affidavit | Blackthorn Realty Group, Inc. | September 15, 2025 | Pending
9 | Seller Deliverables | Keys, Access Codes, and Site Materials (if applicable) | Blackthorn Realty Group, Inc. | September 15, 2025 | Pending | Undeveloped land; limited applicability
10 | Seller Deliverables | Virginia Uniform Real Property Transfer on Death Act Waiver (if applicable) | Whitfield, Poole & Stratton LLP | September 15, 2025 | N/A | Not applicable — corporate seller
11 | Buyer Deliverables | Assignment and Assumption of PSA — IHDC to Stonebridge Campus Holdings LLC | Calderwood & Harkness LLP (Cynthia Ho) | Prior to closing | Draft | IHDC retains guaranty obligations
12 | Buyer Deliverables | Secretary's Certificate — Ironhaven Data Centers LLC (authority to transact) | Calderwood & Harkness LLP | September 15, 2025 | Draft | Marcus Thorne (CEO) and Priya Dasgupta (CFO) as authorized signatories
13 | Buyer Deliverables | Articles of Organization — Stonebridge Campus Holdings LLC (Virginia LLC) — filed and certified | Calderwood & Harkness LLP | Prior to closing | Draft | Filed with Virginia SCC; wholly owned by IHDC
14 | Buyer Deliverables | Operating Agreement — Stonebridge Campus Holdings LLC (executed) | Calderwood & Harkness LLP | Prior to closing | Draft | Includes single-purpose entity and separateness covenants per lender requirements
15 | Buyer Deliverables | Certificate of Good Standing — Ironhaven Data Centers LLC (Delaware SOS + Virginia SCC) | Calderwood & Harkness LLP | September 15, 2025 | Pending | Delaware LLC; Virginia SCC Entity ID: S7491283; EIN: 84-3291057
16 | Buyer Deliverables | Certificate of Good Standing — Stonebridge Campus Holdings LLC (Virginia SCC) | Calderwood & Harkness LLP | September 15, 2025 | Pending | To be obtained upon formation
17 | Buyer Deliverables | Buyer's Closing Certificate | Calderwood & Harkness LLP | September 15, 2025 | Draft
18 | Buyer Deliverables | Evidence of Insurance — Stonebridge Campus Holdings LLC (general liability, if required at closing) | Northgate Insurance Brokerage, LLC (William Keane) | September 15, 2025 | Pending | May be deferred to construction loan closing
19 | Title & Survey | Owner's Title Insurance Policy — Sovereign Title Insurance Company (amount: $58,500,000) | Fidelitas Title & Escrow, Inc. | At or post-closing | Pending | Title commitment effective date: April 3, 2025
20 | Title & Survey | Title Commitment — final updated commitment with all exceptions resolved | Fidelitas Title & Escrow, Inc. | Prior to closing | Under Review | Original commitment: April 3, 2025; bring-down search required
21 | Title & Survey | ALTA/NSPS Land Title Survey — Stonebridge Parcel (62.0 acres) | Lumen Ridge Engineering, PLLC (Carlos Esteban, PE) | June 15, 2025 | Pending | Survey to be certified to Buyer, lenders, and title company
22 | Title & Survey | Title Objection Letter — confirmation of curative completion | Calderwood & Harkness LLP (Cynthia Ho) / Whitfield, Poole & Stratton LLP (Harrison Poole) | Prior to closing | Under Review
23 | Title & Survey | Endorsements to Owner's Title Policy (access, zoning, survey, etc.) | Fidelitas Title & Escrow, Inc. / Sovereign Title Insurance Company | At or post-closing | Pending | As required by Buyer and lender
24 | Due Diligence | Phase I ESA — Stonebridge Parcel | Pendleton Environmental Associates, Inc. (Dr. Renata Volkov) | June 1, 2025 | Pending | Former agricultural use identified
25 | Due Diligence | Phase II ESA — Stonebridge Parcel (NW quadrant, ~4.2 acres) | Pendleton Environmental Associates, Inc. (Dr. Renata Volkov) | July 1, 2025 | Pending | Potential residual pesticide contamination; sampling authorized
26 | Due Diligence | Environmental Due Diligence Summary Memorandum — Stonebridge Parcel | Calderwood & Harkness LLP (Grace Nakamura) | Post Phase II | Draft | Summary of Phase I and Phase II findings
27 | Due Diligence | Geotechnical Investigation Report — Stonebridge Parcel | Brannigan Geotechnical Engineering, LLC (Neil Brannigan, PE) | Prior to closing | Pending | Foundation design recommendations
28 | Due Diligence | MAI Appraisal — Stonebridge Parcel | Greystone Appraisal Partners, LLC (Janet Choi, MAI) | Prior to closing | Pending | Independent appraisal for construction lender
29 | Due Diligence | Zoning Confirmation / ZMOD Status Letter | Ashcroft & Wynn, P.C. (Thomas Ashcroft) / Cornerstone Land Use Consulting, LLC (Alan Mercer) | Prior to closing | Pending | Current zoning: PD-IP; ZMOD application (ZMOD-2025-0038) filed May 30, 2025; Board of Supervisors hearing: October 2025
30 | Due Diligence | Due Diligence Period Expiration Confirmation — Stonebridge PSA | Calderwood & Harkness LLP | July 14, 2025 | Pending | 90 days from PSA execution (April 15, 2025)
31 | Due Diligence | Wetlands / Waters of the US Delineation Report (if applicable) | Pendleton Environmental Associates, Inc. | Prior to closing | Pending | Preliminary desktop review completed; field delineation may be required
32 | Financing Coordination | Confirmation of equity funding status — Ridgeline Capital Partners Fund IV, LP | Julian Hargrove / Priya Dasgupta | Prior to closing | Pending | Ridgeline Fund IV to fund $210M total equity; Investment ID: RCP-IV-2025-DC-07; 92% interest through RCP Digital Holdings LLC
33 | Financing Coordination | Construction Loan Commitment Letter — Summit National Bank, N.A. | Karen Ellsworth (Summit) / Redmond & Calloway LLP (Victor Redmond) | August 1, 2025 | Pending | Ref: CL-2025-VA-04418; $390M facility; construction loan closing targeted for October 15, 2025 (post land closing)
34 | Financing Coordination | Lender consent to land closing prior to construction loan closing (if required) | Summit National Bank / Redmond & Calloway LLP | Prior to closing | Pending | Coordination with lender's counsel required
35 | Financing Coordination | Equity capital call notice — Ridgeline Capital Partners Fund IV, LP | Julian Hargrove / Priya Dasgupta | 10 business days prior to closing | Pending | Land acquisition equity draw from Fund IV
36 | Escrow & Funds | Wire transfer instructions — Buyer to Fidelitas Title & Escrow, Inc. | Fidelitas Title & Escrow, Inc. | 3 business days prior to closing | Pending | Fidelitas: 44121 Harry Byrd Highway, Suite 120, Ashburn, VA 20147
37 | Escrow & Funds | Release of Earnest Money Deposit ($2,925,000) from escrow to Seller credit | Fidelitas Title & Escrow, Inc. | September 15, 2025 | Pending | Two tranches: $1,462,500 (execution) + $1,462,500 (DD expiration)
38 | Escrow & Funds | Wire of net closing proceeds to Seller (Blackthorn Realty Group, Inc.) | Fidelitas Title & Escrow, Inc. | September 15, 2025 | Pending | Blackthorn address: 112 East Market Street, Suite 400, Leesburg, VA 20176
39 | Escrow & Funds | Verification of wire instructions — callback to Seller's bank | Fidelitas Title & Escrow, Inc. | Prior to closing | Pending | Anti-fraud verification protocol
40 | Recording & Post-Closing | Recording of Special Warranty Deed — Loudoun County Circuit Court Clerk's Office | Fidelitas Title & Escrow, Inc. | September 15, 2025 (same day) | Pending
41 | Recording & Post-Closing | Delivery of recorded deed to Buyer | Fidelitas Title & Escrow, Inc. | Post-closing | Pending
42 | Recording & Post-Closing | Issuance of final Owner's Title Insurance Policy | Fidelitas Title & Escrow, Inc. / Sovereign Title Insurance Company | Post-closing | Pending | Policy amount: $58,500,000
43 | Recording & Post-Closing | Virginia Grantor's Tax payment filing confirmation | Fidelitas Title & Escrow, Inc. | At closing | Pending | $58,500.00
44 | Recording & Post-Closing | Update Loudoun County land records — transfer of Tax Map Ref. /95-4A-1/// | Fidelitas Title & Escrow, Inc. | Post-closing | Pending
45 | Recording & Post-Closing | Notification to Vantage Power Cooperative of ownership change (if required by LLSA or site access) | Calderwood & Harkness LLP | Post-closing | Pending | VPC Service Application No. LSA-2025-0091
46 | Recording & Post-Closing | Post-closing bring-down title search confirmation | Fidelitas Title & Escrow, Inc. | Post-closing | Pending
47 | Recording & Post-Closing | Final settlement statement distribution to all parties | Fidelitas Title & Escrow, Inc. | Post-closing | Pending | Copies to Buyer, Seller, and respective counsel
[sheet: Proration Schedule]
Item | Annual Amount | Proration Period | Days — Seller | Days — Buyer | Total Days in Year | Seller's Share | Buyer's Share | Notes
Real Estate Taxes — Loudoun County (Stonebridge Parcel, Tax Map Ref. /95-4A-1///) | 74,050.00 | Jan 1, 2025 – Dec 31, 2025 | 258 | 107 | 365 | 52,347.95 | 21,702.05 | Assessed value est. $6,750,000; tax rate: $1.097/$100; annual tax: $74,047.50 (rounded to $74,050.00). Seller pays through Sep 15, 2025; if taxes unpaid at closing, Seller credits Buyer; if prepaid, Buyer reimburses Seller's overpayment
Stormwater / Drainage Fees — Loudoun County (if applicable) | 400.00 | Jan 1, 2025 – Dec 31, 2025 | 258 | 107 | 365 | 282.74 | 117.26 | Applicable to undeveloped land; estimated based on Loudoun County stormwater management fee schedule
Utility Charges (metered water/sewer, if any) | 375.00 | Final meter reading at closing | 258 | N/A | N/A | 375.00 | 0.00 | Undeveloped land — minimal or no metered utilities; Seller responsible for all charges through closing date based on final reading
Association / HOA Dues | 0.00 | N/A | N/A | N/A | N/A | 0.00 | 0.00 | N/A — no HOA applicable to the Stonebridge Parcel
Total Prorations | 74,825.00 | 53,005.69 | 21,819.31 | Verification: $53,005.69 + $21,819.31 = $74,825.00 ✓
[sheet: Transfer Tax & Recording Fee Su]
Fee / Tax | Statutory Basis | Rate | Calculation Base | Amount | Paid By | Notes
Virginia State Grantor's Tax | Va. Code § 58.1-802 | $1.00 per $1,000 of consideration (or $0.50 per $500) | 58,500,000.00 | 58,500.00 | Seller (Blackthorn Realty Group, Inc.) | Standard seller obligation under Virginia law
Virginia State Grantee's Tax (Regional Congestion Relief Fee — Northern Virginia) | Va. Code § 58.1-802.2 (applicable in NoVA localities) | $0.15 per $100 of consideration | 58,500,000.00 | 87,750.00 | Buyer (Stonebridge Campus Holdings LLC) | Applicable in Loudoun County as a Northern Virginia locality
Loudoun County Local Recording Tax (Deed) | Va. Code § 58.1-814 | $0.0833 per $100 of consideration | 58,500,000.00 | 48,730.50 | Buyer (Stonebridge Campus Holdings LLC) | Locally adopted rate per Loudoun County ordinance
Deed Recording Fee — Loudoun County Circuit Court Clerk | Loudoun County Clerk's fee schedule | $31.00 per page (estimated) | N/A | 186.00 | Buyer (Stonebridge Campus Holdings LLC) | Estimated 6 pages for Special Warranty Deed
Assignment Recording Fee (if recorded) | Loudoun County Clerk's fee schedule | $31.00 per page (estimated) | N/A | 124.00 | Buyer (Stonebridge Campus Holdings LLC) | Estimated 4 pages; Assignment and Assumption of PSA (if recorded)
State Writ Tax (if applicable) | Va. Code § 58.1-805 | N/A | N/A | 0.00 | N/A | Not applicable to this transaction type
Total Transfer Taxes and Recording Fees | 195,290.50 | Sum of all items: $58,500.00 + $87,750.00 + $48,730.50 + $186.00 + $124.00 + $0.00 = $195,290.50
[sheet: Key Transaction Summary]
Field | Detail
Transaction | Acquisition of Stonebridge Parcel
Property Description | 62.0 acres, NE corner of Belmont Ridge Road and Stonebridge Boulevard, unincorporated Loudoun County, Virginia 20148
Loudoun County Tax Map Reference | /95-4A-1///
Current Zoning | PD-IP (Planned Development – Industrial Park)
ZMOD Application | ZMOD-2025-0038 (filed May 30, 2025; Board of Supervisors hearing October 2025)
Seller | Blackthorn Realty Group, Inc. (Virginia corporation)
Seller Address | 112 East Market Street, Suite 400, Leesburg, VA 20176
Seller EIN | 54-1987234
Seller Virginia SCC Entity ID | 0412876-3
Seller President | Donald R. Whitaker
Seller General Counsel | Patricia Whitaker-Connolly
Seller's Counsel | Whitfield, Poole & Stratton LLP — Harrison Poole
Seller's Counsel Address | 305 Harrison Street SE, Suite 200, Leesburg, VA 20175
Buyer (Original PSA Party) | Ironhaven Data Centers LLC (Delaware LLC)
Buyer HQ Address | 44680 Prentice Drive, Suite 200, Ashburn, VA 20147
Buyer EIN | 84-3291057
Buyer Virginia SCC Entity ID | S7491283
Buyer CEO | Marcus Thorne
Buyer CFO | Priya Dasgupta
Buyer EVP Development | Leonard Castellano
Assignee / Grantee (at Closing) | Stonebridge Campus Holdings LLC (Virginia LLC, wholly owned by IHDC)
Assignee EIN | To be obtained upon formation
Equity Sponsor | Ridgeline Capital Partners Fund IV, LP (92% indirect interest through RCP Digital Holdings LLC)
Equity Sponsor — Managing Partner | Julian Hargrove
Ridgeline Fund IV Investment ID | RCP-IV-2025-DC-07
Total Equity Commitment (Fund IV) | $210,000,000
Buyer's Counsel | Calderwood & Harkness LLP — Douglas Fairchild (Responsible Partner), Cynthia Ho (Lead Associate)
C&H Matter No. | 1043-00002
C&H Environmental Associate | Grace Nakamura
Local Zoning Counsel | Ashcroft & Wynn, P.C. — Thomas Ashcroft
Lender's Counsel | Redmond & Calloway LLP — Victor Redmond
Purchase Price | $58,500,000.00
Price Per Acre | $943,548 (rounded from $943,548.39)
Earnest Money Deposit (Total) | $2,925,000.00 (5% of purchase price)
Earnest Money — First Tranche | $1,462,500.00 (at PSA execution, April 15, 2025)
Earnest Money — Second Tranche | $1,462,500.00 (at DD expiration, July 14, 2025)
PSA Execution Date | April 15, 2025
Due Diligence Period | 90 days from PSA execution
Due Diligence Expiration | July 14, 2025
Targeted Closing Date | September 15, 2025
Escrow Agent / Title Company | Fidelitas Title & Escrow, Inc.
Escrow Agent Address | 44121 Harry Byrd Highway, Suite 120, Ashburn, VA 20147
Title Underwriter | Sovereign Title Insurance Company
Title Commitment Effective Date | April 3, 2025
Owner's Title Insurance Policy Amount | $58,500,000.00
Deed Type | Special Warranty Deed
Governing Law | Commonwealth of Virginia
Part of Larger Project | Stonebridge Data Center Campus — $600,000,000 total project budget; 96 MW critical IT load across 4 buildings
Related Transaction — Meridian Parcel | 19.4 acres from Meridian Acres LLC at $19,400,000; also closing September 15, 2025
Construction Loan | $390,000,000 — Summit National Bank, N.A. (Admin Agent); Ref: CL-2025-VA-04418; closing target October 15, 2025
Construction Loan Contact | Karen Ellsworth, Summit National Bank, N.A.
EPC Contractor | Titan-McAllister Construction Group, LLC — GMP: $412,000,000
Environmental Consultant | Pendleton Environmental Associates, Inc. — Dr. Renata Volkov
Surveyor / Civil Engineer | Lumen Ridge Engineering, PLLC — Carlos Esteban, PE
Geotechnical Engineer | Brannigan Geotechnical Engineering, LLC — Neil Brannigan, PE
Appraiser | Greystone Appraisal Partners, LLC — Janet Choi, MAI
Owner's Representative | Kestrel Infrastructure Advisors, LLC — Diane Prescott
Land Use Consultant | Cornerstone Land Use Consulting, LLC — Alan Mercer
Insurance Broker | Northgate Insurance Brokerage, LLC — William Keane
Power Utility | Vantage Power Cooperative — Service Application No. LSA-2025-0091

[sheet: Settlement Statement]

Record

Parties

Dates

Amounts