INDEPENDENT AUDITORSʹ REPORT AND FINANCIAL STATEMENTS FOR LENDSURE MORTGAGE CORP. FOR THE YEAR ENDED DECEMBER 31, 2021

LENDSURE MORTGAGE CORP. TABLE OF CONTENTS Page  INDEPENDENT AUDITORS’ REPORT 1‐2 FINANCIAL STATEMENTS Balance Sheet 3 Statement of Operations 4 Statement of Changes in Stockholdersʹ Equity 5 Statement of Cash Flows 6 Notes to Financial Statements 7‐17

  9780 S Meridian Blvd., Suite 500  Englewood, CO 80112  303‐721‐6131  www.richeymay.com  INDEPENDENT AUDITORSʹ REPORT  To the Stockholders  LendSure Mortgage Corp.  San Diego, California  Report on the Audit of the Financial Statements  Opinion  We have audited the accompanying financial statements of LendSure Mortgage Corp., which comprise  the  balance  sheet  as  of  December  31,  2021  and  the  related  statements  of  operations,  changes  in  stockholders’  equity,  and  cash  flows  for  the year  then  ended,  and  the  related notes  to  the  financial  statements.  In  our  opinion,  the  accompanying  financial  statements  present  fairly,  in  all material  respects,  the  financial position of LendSure Mortgage Corp. as of December 31, 2021 and the results of its operations  and its cash flows for the year then ended in accordance with accounting principles generally accepted  in the United States of America.  Basis for Opinion  We conducted our audit in accordance with auditing standards generally accepted in the United States  of America (GAAS). Our responsibilities under those standards are further described in the Auditors’  Responsibilities for the Audit of the Financial Statements section of our report. We are required to be  independent of LendSure Mortgage Corp. and to meet our other ethical responsibilities, in accordance  with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have  obtained is sufficient and appropriate to provide a basis for our audit opinion.   Responsibilities of Management for the Financial Statements  Management  is  responsible  for  the preparation and  fair presentation of  these  financial  statements  in  accordance with accounting principles generally accepted in the United States of America, and for the  design,  implementation,  and  maintenance  of  internal  control  relevant  to  the  preparation  and  fair  presentation of financial statements that are free from material misstatement, whether due to fraud or  error.  In preparing the financial statements, management is required to evaluate whether there are conditions  or events, considered in the aggregate, that raise substantial doubt about LendSure Mortgage Corp.’s  ability to continue as a going concern for one year after the report date.  

INDEPENDENT AUDITORSʹ REPORT  Auditors’ Responsibilities for the Audit of the Financial Statements  Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are  free  from material misstatement, whether due  to  fraud or error, and  to  issue an auditors’ report  that  includes our opinion. Reasonable assurance  is a high  level of assurance but  is not absolute assurance  and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a  material misstatement when it exists. The risk of not detecting a material misstatement resulting from  fraud  is higher  than for one resulting from error, as fraud may  involve collusion, forgery,  intentional  omissions,  misrepresentations,  or  the  override  of  internal  control.  Misstatements  are  considered  material  if,  individually  or  in  the  aggregate,  they  could  reasonably  be  expected  to  influence  the  economic decisions of users made on the basis of these financial statements.   In performing an audit in accordance with GAAS, we:    Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to  fraud or  error,  and design  and perform  audit procedures  responsive  to  those  risks.  Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.  Obtain  an  understanding  of  internal  control  relevant  to  the  audit  in  order  to  design  audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on  the effectiveness of LendSure Mortgage Corp.’s  internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that  raise substantial doubt about LendSure Mortgage Corp.’s ability  to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters,  the planned scope and timing of the audit, significant audit findings, and certain internal control related  matters that we identified during the audit.  Englewood, Colorado  February 25, 2022

CURRENT ASSETS Cash and cash equivalents 32,033,908$             Restricted cash 3,873,224 Escrow cash 448,314  Accounts receivable 15,726 Mortgage loans held for sale, net 167,604,674 Prepaid expenses 366,972 Federal and state income taxes receivable 1,362,649 Total current assets 205,705,467             OTHER ASSETS Property and equipment, net 414,783 Intangible assets, net  665,330  Deposits 125,268 Total other assets 1,205,381  TOTAL ASSETS 206,910,848$           LIABILITIES AND STOCKHOLDERSʹ EQUITY LIABILITIES Accounts payable and accrued expenses 6,097,521$               Loan escrows 483,595  Loan indemnification and premium recapture reserves 400,000 Warehouse lines of credit 162,499,304 Deferred taxes payable 113,883  Total current liabilities 169,594,303             COMMITMENTS AND CONTINGENCIES (Note E) STOCKHOLDERSʹ EQUITY Common stock, $0.001 par value, 40,000,000 shares authorized;    21,818,182 shares issued and outstanding 21,818  Zero coupon convertible preferred stock, $0.001 par value,    2,000,000 shares authorized; no shares issued and outstanding ‐  Additional paid‐in capital 5,579,374  Retained earnings 31,715,353               Total stockholdersʹ equity 37,316,545               TOTAL LIABILITIES AND STOCKHOLDERSʹ EQUITY 206,910,848$           LENDSURE MORTGAGE CORP. BALANCE SHEET DECEMBER 31, 2021 The accompanying notes are an integral part of these financial statements. 3

STATEMENT OF OPERATIONS REVENUE Gain on sale of mortgage loans held for sale, net of direct  costs of $3,267,280 67,559,134$             Loan origination fees, net of direct costs of $1,128,709 3,102,199 Interest income 3,690,051 Interest expense and warehouse fees (2,798,101) Other income 192,264 Total revenue 71,745,547               EXPENSES Salaries, commissions and benefits 34,410,710 Occupancy, equipment and communication 1,730,397 General and administrative 2,172,692 Provision for premium recapture 422,547                    Depreciation and amortization 183,545 Total expenses 38,919,891               NET INCOME BEFORE TAXES 32,825,656               Provision for income taxes, current 9,004,682                 Deferred taxes 113,883                    Total taxes 9,118,565                 NET INCOME 23,707,091$             LENDSURE MORTGAGE CORP. FOR THE YEAR ENDED DECEMBER 31, 2021 The accompanying notes are an integral part of these financial statements. 4

LENDSURE MORTGAGE CORP. STATEMENT OF CHANGES IN STOCKHOLDERSʹ EQUITY FOR THE YEAR ENDED DECEMBER 31, 2021  Additional  Retained Shares Par Value Paid‐in Capital  Earnings Totals Balance, January 1,  2021 21,818,182          21,818$                5,565,766$            8,008,262$          13,595,846$        Compensation expense for stock options ‐                        ‐                        13,608                    ‐                        13,608                  Net income ‐                        ‐                        ‐                         23,707,091          23,707,091          Balance, December 31, 2021 21,818,182          21,818$                5,579,374$            31,715,353$        37,316,545$         Common Stock  The accompanying notes are an integral part of these financial statements. 5

LENDSURE MORTGAGE CORP. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2021 CASH FLOWS FROM OPERATING ACTIVITIES Net income 23,707,091$             Non‐cash items‐ Gain on sale of mortgage loans held for sale, net of direct costs (67,559,134)              Provision for premium recapture 422,547                    Depreciation and amortization 183,545                    Deferred taxes payable 113,883                    Compensation expense for stock options 13,608                      (Increase) decrease in‐ Escrow cash (448,314)                   Accounts receivable 31,154                      Proceeds from sale and principal payments on mortgage  loans held for sale 1,418,145,888          Originations and purchases of mortgage loans held for sale (1,512,722,566)         Prepaid expenses (20,060)                        Federal and state income taxes receivable (2,056,931)                Deposits (109,851)                   Increase (decrease) in‐ Accounts payable and accrued expenses 3,350,521                 Loan escrows 483,595                    Premium recapture reserve (372,547)                   Net cash used in operating activities (136,837,571)            CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment (330,776)                   Purchase of intangible assets (745,303)                   Net cash used in investing activities (1,076,079)                CASH FLOWS FROM FINANCING ACTIVITIES Net borrowings under warehouse lines of credit 157,191,083             Net cash provided by financing activities 157,191,083             INCREASE IN CASH AND CASH EQUIVALENTS AND    RESTRICTED CASH 19,277,433               CASH AND CASH EQUIVALENTS AND RESTRICTED CASH,    BEGINNING OF YEAR 16,629,699               CASH AND CASH EQUIVALENTS AND RESTRICTED CASH,    END OF YEAR 35,907,132$             SUPPLEMENTAL INFORMATION Cash paid for interest and warehouse fees 2,404,775$               Cash paid for taxes 11,068,575$             The accompanying notes are an integral part of these financial statements. 6

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  7    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    Organization  LendSure Mortgage Corp.  (the Company) was  incorporated on March 30, 2015. The Company  is  engaged  in  the  business  of  originating,  purchasing,  financing,  and  selling  residential mortgage  loans secured by real estate throughout the United States. The Company derives income from fees  charged  for  the  origination  of  mortgage  loans  and  from  the  subsequent  sale  of  the  loans  to  investors. The Company is authorized to issue 40,000,000 shares of common stock with par value of  $0.001 and 2,000,000 shares of zero coupon convertible preferred stock with par value of $0.001. As  of December 31, 2021, there were 21,818,182 shares of common stock issued and outstanding.    Basis of Accounting  The financial statements of the Company are prepared on the accrual basis of accounting.    Basis of Presentation  The  accompanying  financial  statements  have  been  prepared  in  conformity  with  accounting  principles generally accepted in the United States of America (GAAP) as codified in the Financial  Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC).     Use of Estimates  The preparation of  financial statements  in conformity with GAAP requires management  to make  estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure  of contingent assets and liabilities at the date of the financial statements, and the reported amounts  of  revenues  and  expenses  during  the  reporting  period.  Actual  results  could  differ  from  those  estimates.     Cash and Cash Equivalents  For  cash  flow purposes,  the Company  considers  cash  and  temporary  investments with  original  maturities of three months or less, to be cash and cash equivalents. The Company has diversified its  credit  risk  for  cash by maintaining deposits  in  several  financial  institutions, which may at  times  exceed  amounts  covered  by  insurance  from  the  Federal  Deposit  Insurance  Corporation.  The  Company  evaluates  the  creditworthiness  of  these  financial  institutions  in  determining  the  risk  associated with these balances. The Company has not experienced any losses in such accounts and  believes it is not exposed to any significant credit risk related to cash and cash equivalents.    Restricted Cash  The Company maintains certain cash balances that are restricted under the Company’s warehouse  line of credit agreements.    Escrow Cash  The Company maintains an escrow account  for  funds held on behalf of borrowers  for  taxes and  property insurance premiums, which are included in escrow cash on the balance sheet.     

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  8    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Mortgage Loans Held for Sale and Revenue Recognition   The Company does not issue rate locks and therefore has elected not to use the fair value option on  mortgage loans held for sale. Mortgage loans held for sale are recorded at the lower of cost or fair  value as determined on an aggregate loan basis. Fair value for mortgage loans is generally based on  current  delivery  prices.  Loan  origination  fees,  net  of  direct  origination  costs,  are  deferred  and  recognized at the time the loan is sold. Gains or losses from the sale of mortgages are recognized  based on the difference between the selling price and carrying value of the related loans upon sale.    Gains  and  losses  from  the  sale  of mortgage  loans  held  for  sale  are  recognized  based  upon  the  difference between  the  sales proceeds and carrying value of  the  related  loans upon  sale and are  recorded  in  gain  on  sale  of mortgage  loans  held  for  sale  on  the  statement  of  operations.  Sales  proceeds reflect the cash received from investors through the sale of the loan and servicing release  premium.    Mortgage loans held for sale are considered sold when the Company surrenders control over the  financial assets. Control is considered to have been surrendered when the transferred assets have  been isolated from the Company, beyond the reach of the Company and its creditors; the investor  obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge  or exchange the transferred assets; and the Company does not maintain effective control over the  transferred  assets  through  either  an  agreement  that both  entitles  and obligates  the Company  to  repurchase or redeem the transferred assets before their maturity or the ability to unilaterally cause  the holder to return specific financial assets. The Company typically considers the above criteria to  have been met upon acceptance and receipt of sales proceeds from the investor.    Loan Origination Fees  Loan  origination  fees,  premiums  or  discounts  from  producing  loans  and  certain  direct  loan  origination costs are deferred as an adjustment to the carrying value of mortgage loans. These fees  and costs are recognized when the loan is sold to the investors.    Interest Income  Interest income on mortgage loans is recorded as earned and reported as interest income in the  statement of operations. Mortgage loans held for sale are placed on nonaccrual status when any  portion  of  the  principal  or  interest  is  90  days  past  due  or  earlier  if  factors  indicate  that  the  ultimate collectability of the principal or interest is not probable. Interest received from loans on  nonaccrual status is recorded as income when collected. Loans return to accrual status when the  principal and interest become current and it is probable that the amounts are fully collectible. No  loans originated in 2021 were placed on nonaccrual status.     

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  9    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Property and Equipment, Net  Property and equipment is recorded at cost and depreciated or amortized using the straight line  method over the estimated useful lives of the assets. The following is a summary of property and  equipment at December 31, 2021.      (a) Amortized over the shorter of the related lease term or the estimated useful life of the assets.    The Company periodically assesses property and equipment  for  impairment whenever events or  circumstances  indicate  the carrying amount of an asset may exceed  its fair value. If property and  equipment  is  considered  impaired,  the  impairment  losses will  be  recorded  on  the  statement  of  operations.  The  Company  did  not  recognize  any  impairment  losses  during  the  year  ended  December 31, 2021.    Intangible Assets – Capitalized Software Development Costs  FASB  ASC  350‐40,  Goodwill  and  Other—Internal‐Use  Software  (ASC  350‐40),  requires  the  Company  to expense development  costs as  they are  incurred  in  the preliminary project  stage of  internally  developed  software.  Once  the  capitalization  criteria  of  ASC  350‐40  have  been  met,  external direct  costs of materials and  services  consumed  in developing or obtaining  internal‐use  computer  software, payroll  and payroll  related  costs  for  employees who  are directly  associated  with,  and who  devote  time  to,  the  internal‐use  computer  software  related  consulting  fees  are  capitalized.  During  the  year  ended  December  31,  2021,  the  Company  capitalized  internally  developed software of $745,303 and amortized $79,973 of the capitalized balance, respectively. The  Company will amortize $149,060 each year of the 5‐year useful life of the software as of December  31, 2021.        Useful lives  (years) Amounts Property and equipment, at cost Furniture and equipment 5 795,606$       Leasehold improvements (a) 18,446          Total property and equipment, at cost 814,052         Accumulated depreciation and amortization  Furniture and equipment (383,829)       Leasehold improvements (15,440)         Total accumulated depreciation and amortization (399,269)       Total property and equipment, net 414,783$      

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  10    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Loan Indemnification Reserve  The  Company  sells mortgage  loans  to  various  investors  under  purchase  contracts. When  the  Company sells its loans, it makes customary representations and warranties to the investors about  various characteristics of each loan such as the origination and underwriting guidelines the validity  of the lien securing the loan, property eligibility, borrower credit, income and asset requirements,  and  compliance  with  applicable  federal,  state  and  local  law.  In  the  event  of  a  breach  of  its  representations and warranties, the Company may be required to either repurchase the mortgage  loans with the identified defects or indemnify the investor for any loss. The Companyʹs loss may be  reduced by proceeds from the sale or liquidation of the repurchased loan.    The Company records a provision for losses relating to such representations and warranties as part  of  its  loan  sale  transactions.  The method  used  to  estimate  the  liability  for  representations  and  warranties is a function of the representations and warranties given and considers a combination of  factors,  including,  but not  limited  to,  estimate  of  future defaults  and  loan  repurchase  rates  and  potential severity of  loss  in  the event of defaults,  including any  loss on sale or  liquidation of  the  repurchased  loan. The Company establishes a  liability at  the  time  loans are sold. The  level of  the  repurchase liability is difficult to estimate and requires considerable management judgment and is  noted  based  on  a  probable  loss.  Given  that  the  level  of  mortgage  loan  repurchase  losses  is  dependent  on  economic  factors,  investor  demands  for  loan  repurchases  and  other  external  conditions  that may  change  over  the  lives  of  the underlying  loans, market  expectations  around  losses related to the Companyʹs obligations could vary significantly from the obligation recorded as  of the balance sheet date.     There was no activity in the loan indemnification reserve during the year ended December 31, 2021.  The balance at December 31, 2021 was $250,000.   

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  11    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Premium Recapture Reserves  In the case of loans sold to investors that pay off within a specified timeframe provided for in the  purchase  agreement,  the Company may  be  required  to  return  all  or  a  portion  of  the  premium  initially  received  from  the  investor.  The  Company  records  a  provision  for  premiums  to  be  recaptured as part of its loan sale transactions. The method used to estimate the premium recapture  reserves is a function of a combination of factors, including, but not limited to, an estimate of the  likelihood each loan will be repaid within the timeframe provided for in the purchase agreement.  The Company establishes a liability at the time loans are sold. The level of premiums that may be  eventually  recaptured  is  difficult  to  estimate  and  requires  considerable management  judgment.  Given  that  the  level of mortgage  loan premium  recapture  is dependent on economic  factors and  other external conditions  that may change over  the  lives of  the underlying  loans,  the Companyʹs  obligations could vary significantly from the obligation recorded as of the balance sheet date and is  not based on a probable loss.     The activity in the premium repurchase reserve is as follows for the year ended December 31, 2021:      Income Taxes   Income taxes are provided for the tax effects of transactions reported in the financial statements and  consist of taxes currently due plus deferred taxes related primarily to differences between the basis  of  certain  assets  and  liabilities  for  financial  and  tax  reporting.  The  deferred  taxes  represent  the  future tax return consequences of those differences, which will either be taxable or deductible when  the  assets  and  liabilities  are  recovered  or  settled.  Deferred  tax  assets  are  limited  to  amounts  considered to be realizable in future periods. The Company accounts for any interest and penalties  related  to unrecognized  tax  benefits  as part  of  the  income  tax provision. The Company has no  federal or state  tax examinations  in process as of December 31, 2021  that would have a material  impact on the financial statements.    The assumptions about future taxable income require significant judgment and are consistent with  the plans and estimates the Company is using to manage the underlying business. In evaluating the  objective evidence  that historical  results provide,  the Company considers  the past  three years of  operating history and cumulative operating income.      Amounts Balance, beginning of year 100,000$            Provision for premium recapture 422,547              Premiums returned (372,547)             Balance, end of year 150,000$           

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  12    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Stock‐Based Compensation  In  July 2015,  the Company adopted an Equity  Incentive Plan pursuant  to which  the Companyʹs  Board of Directors may grant stock options and other awards to employees. The Company accounts  for  stock‐based  compensation  in  accordance  with  ASC  718  Compensation‐Stock  Compensation.  Accordingly, the Company measures the cost of stock‐based awards using the grant‐date fair value  of the award and recognizes that cost over the requisite service period. The fair value of each stock  option granted under  the Companyʹs stock‐based compensation plan  is estimated on  the date of  grant using the Black‐Scholes option‐pricing model and assumptions outlined in Note H.     ASC‐718  requires  forfeitures  to  be  estimated  at  the  time  of  grant  and  prospectively  revised,  if  necessary,  in  subsequent  periods  if  actual  forfeitures  differ  from  initial  estimates.  Stock‐based  compensation recorded  for  those stock‐based awards  that were expected  to vest was $13,608 and  included  in salaries, commissions and benefits on  the statement of operations  for  the year ended  December 31, 2021.    Advertising and Marketing  Advertising  and marketing  is  expensed  as  incurred  and  amounted  to  $403,448  for  the  year  ended  December  31,  2021,  and  is  included  in  general  and  administrative  expenses  on  the  statement of operations.    Risks and Uncertainties  In the normal course of business, companies in the mortgage banking industry encounter certain  economic  and  regulatory  risks.  Economic  risks  include  interest  rate  risk  and  credit  risk.  The  Company  is subject  to  interest rate risk  to  the extent  that  in a rising  interest rate environment,  the Company may experience a decrease in loan production, as well as decreases in the value of  mortgage  loans held  for  sale not  committed  to  investors and  commitments  to originate  loans,  which may negatively  impact  the Company’s operations. Credit risk  is  the risk of default  that  may  result  from  the  borrowers’  inability  or  unwillingness  to  make  contractually  required  payments during the period in which loans are being held for sale by the Company.    The Company sells loans to investors without recourse. As such, the investors have assumed the  risk  of  loss  or default  by  the  borrower. However,  the Company  is usually  required  by  these  investors to make certain standard representations and warranties relating to credit information,  loan documentation and collateral. To the extent that the Company does not comply with such  representations,  or  there  are  early  payment  defaults,  the  Company  may  be  required  to  repurchase  the  loans  or  indemnify  these  investors  for  any  losses  from  borrower  defaults.  In  addition, if loans payoff within a specified time frame, the Company may be required to refund  a portion of the sales proceeds to the investors.     

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  13    A. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  (Continued)    Risks and Uncertainties (Continued)  A large portion of all properties securing the Companyʹs mortgage loans sold and held for sale  for the year ended December 31, 2021 are located in California, and the downturn in economic  conditions  in  that  regionʹs  real  estate market  could  have  a material  adverse  impact  on  the  Companyʹs financial condition and results of operations.     The Company’s business requires substantial cash to support its operating activities. As a result,  the Company  is  dependent  on  its warehouse  lines  of  credit,  and  other  financing  facilities  to  finance its continued operations. If the Company’s principal lenders decided to terminate or not  to  renew  any  of  these  financing  facilities with  the Company,  the  loss  of  borrowing  capacity  could  have  a  material  adverse  impact  on  the  Company’s  financial  statements  unless  the  Company found a suitable alternative source.    The global outbreak of COVID‐19 has disrupted economic markets, and the prolonged economic  impact  is  uncertain.  The  operational  and  financial  performance  of  the Company  depends  on  future developments,  including the duration and spread of the outbreak, and such uncertainty  may have an adverse impact on the Company’s financial performance.    B. MORTGAGE LOANS HELD FOR SALE, NET    Mortgage loans held for sale, net are as follows at December 31, 2021:      The  deferred  costs,  net  include  such  costs  as  borrower  discount  points,  administrative  fees,  underwriting and processing fees, estimated commissions, and loan origination fees.       Amounts Mortgage loans held for sale 168,418,429$      Deferred costs, net (813,755)             167,604,674$     

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  14  C. WAREHOUSE LINES OF CREDIT The  Company  has  the  following  warehouse  lines  of  credit  agreements  with  various  financial institutions at December 31, 2021: (b) The Company may draw upon  the warehouse  line of credit agreements  for purposes  of  funding  a  mortgage  loan  held  for  sale,  prior  to  the  loanʹs scheduled  disbursement  date.    During  the  period  from  draw  date  to disbursement date, the funds are recorded by the Company as a loan funding receivable. As  of December  31,  2021,  the Company had mortgage  loans held  for  sale pledged  as  collateral  under  the above $15,000,000 warehouse  line of credit which  is guaranteed by a stockholder. The  above agreements also contain covenants which  include certain  financial requirements,  including  maintenance of minimum tangible net worth, minimum liquid assets, maximum debt to net worth  ratio, minimum  current  ratio, minimum  fidelity bond  requirements, distribution  restrictions and  positive net income requirements, as defined in the agreements. The Company was in compliance  with  all  significant  debt  covenants  at December  31,  2021.  The Company  intends  to  renew  the  warehouse lines of credit agreements when they mature. D. EMPLOYEE BENEFIT PLAN The Company has a 401(k) plan  for  the benefit of eligible employees and  their beneficiaries. The 401(k)  plan  is  a  defined  contribution  401(k)  plan  that  allows  eligible  employees  to  save  for retirement through pretax and post‐tax contributions up to the specified limits. The Company must match  employee  contributions  up  to  4%  of  the  employeeʹs  eligible  base  salary.  The  Company contribution towards the 401(k) plan was $509,484 for the year ended December 31, 2021. Maturity Line Amount Interest Rate Restricted Cash Amounts July 2022 200,000,000$  Prime plus a  margin, with a  floor rate of  3.50% 3,723,224$       156,153,796$  June 2022 15,000,000$    LIBOR plus a  margin, with a  floor rate of 4% 150,000            8,378,920        120 days  written  notice 5,000,000$     10.00% ‐  ‐  (2,033,412)      3,873,224$       162,499,304$  (b) Loan funding receivable

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  15    E. COMMITMENTS AND CONTINGENCIES    Regulatory Contingencies  The Company is subject to periodic audits and examinations, both formal and informal in nature,  from various  federal and  state agencies,  including  those made as part of  regulatory oversight of  mortgage  origination  and  financing  activities.  Such  audits  and  examinations  could  result  in  additional  actions,  penalties  or  fines  by  state  or  federal  governmental  bodies,  regulators  or  the  courts.    Operating Leases  The  Company  leases  office  space  and  equipment  under  various  operating  lease  arrangements,  which expire through September 2027. Total rent expense under all operating leases amounted to  $523,774  for  the year  ended December 31, 2021, and are  included  in occupancy,  equipment and  communication on the statement of operations.     Future minimum rental payments under long‐term operating leases are as follows at December 31,  2021:      F. RELATED PARTY TRANSACTIONS    The Company has purchase  and  sale  agreements with  investors  to  sell  the mortgage  loans  it  produces, and one of these agreements is with multiple affiliates of a significant stockholder of  the  Company.  The  Company  sold  mortgage  loans  of  approximately  $988  million  to  these  stockholder affiliates during the year ended December 31, 2021. The Company has gain on sale  of mortgage loans held for sale, net, of approximately $41 million from the stockholder affiliates  during the year ended December 31, 2021.        Year Ending December 31, Amounts 2022 1,965,261$          2023 1,856,887           2024 998,543              2025 860,229              2026 855,193              Thereafter 571,711              7,107,824$         

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  16    G. INCOME TAXES    The components of the income tax provision are as follows for the year ended December 31, 2021:      The tax effects of significant temporary differences which give rise to the Companyʹs deferred tax  assets and liabilities are as follows at December 31, 2021:      H. STOCK‐BASED COMPENSATIONS    In  July 2015,  the Company adopted  an Equity  Inventive Plan  (the Plan), pursuant  to which  the  Company’s Board of Directors may grant stock options and other awards to employees. The Plan  authorizes grants of options to purchase up to 654,545 shares of authorized but unissued common  stock. Stock options granted under  the Plan have  terms of  ten years and vest over  four years.  In  2021, the Board of Directors granted 63,500 stock options to employees with an exercise price of 84  cents per common share. The per share weighted average fair value of stock options granted during  2021 was 30 cents on the date of grant, using the Black‐Scholes option‐pricing model. At December  31, 2021, there were 286,045 shares of common stock available for future grants under the Plan.           Amounts Current income taxes 9,004,682$   Deferred income taxes 113,883        Provision for income taxes 9,118,565$   Amounts Deferred tax assets‐  Loan indemnification reserve 66,515$        Premium repurchase reserve 39,909          Total deferred tax assets 106,424        Deferred tax liabilities‐  Mortgage loans held for sale, net 66,073          Property and equipment, net 154,234        Total deferred tax liabilities 220,307        Net deferred tax liability 113,883$      Shares Price Outstanding beginning of the year 305,000              $0.36 Exercised ‐                     ‐ Granted 63,500                $0.84 Forfeited or expired ‐                     ‐ Outstanding end of the year 368,500              $0.52

LENDSURE MORTGAGE CORP.  NOTES TO FINANCIAL STATEMENTS  17    I. FAIR VALUE MEASUREMENTS    Due  to  their  short‐term  nature,  the  carrying  value  of  cash  and  cash  equivalents,  short‐term  receivables, mortgage loans held for sale, fixed assets, short‐term payables, and warehouse lines  of credit approximate their fair value at December 31, 2021.     J. SUBSEQUENT EVENTS    During  January 2022,  the Company’s warrant holder extinguished 1,049,000  shares of Class B  Common Stock in the Company. The warrant holder after the extinguishment holds the right to  purchase 8,280,000 shares of Class B Common Stock in the Company.    Management has evaluated subsequent events  through February 25, 2022,  the date on which  the  consolidated financial statements were available to be issued.   

LENDSURE MORTGAGE CORP. FINANCIAL STATEMENTS DECEMBER 31, 2020 (UNAUDITED)

LENDSURE MORTGAGE CORP. TABLE OF CONTENTS Financial Statements (UNAUDITED) Balance Sheet Statement of Income and Retained Earnings Statement of Changes in Stockholders’ Equity Statement of Cash Flows Notes to Financial Statements Supplementary Information – Schedule of Gen & Admin expenses

LENDSURE MORTGAGE CORP. BALANCE SHEET December 31, 2020 (UNAUDITED) ASSETS CURRENT ASSETS Cash in bank $ 16,629,696 Accounts receivable 42,813 Interest receivable 4,067 Mortgage loans held for sale 5,468,862 Prepaid expenses 346,912 Total Current Assets $ 22,492,350 PROPERTY AND EQUIPMENT Computer equipment and software $ 16,500 Furniture & fixtures 62,035 Office equipment 405,905 Leasehold improvements 15,336 Less: Accumulated depreciation (312,196) Net Property and Equipment $ 187,580 OTHER ASSETS Security deposits $ 15,417 Total Other Assets $ 15,417 TOTAL ASSETS $ 22,695,347 See accompanying notes to financial statements

LENDSURE MORTGAGE CORP. BALANCE SHEET December 31, 2020 (UNAUDITED) LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 182,442 Loan loss reserves 250,000 Premium recapture payable 100,000 Accrued payroll liabilities 1,637,428 Accrued expenses 923,725 Interest and fees payable 3,405 Warehouse line of credit 5,308,220 Federal & State income tax payable 694,281 Total Current Liabilities $ 9,099,501 Total Liabilities $ 9,099,501 STOCKHOLDERS' EQUITY Common stock $ 21,818 Additional paid-in capital 5,565,766 Retained earnings 8,008,262 Total Stockholders' Equity $ 13,595,846 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,695,347 See accompanying notes to financial statements

LENDSURE MORTGAGE CORP. STATEMENT OF INCOME & RETAINED EARNINGS For The Year Ended December 31, 2020 (UNAUDITED) Income Gains from mortgage banking activities $ 22,164,263 Loan interest income 1,731,537 Total Income $ 23,895,800 Gen & admin expenses 20,873,401 Operating Income $ 3,022,399 Other Income and Expense Interest earned $ 74,412 Other income 2,943 PPP loan forgiveness 2,185,600 Total Other Income $ 2,262,955 Income before taxes $ 5,285,354 Federal income tax 452,781 State income tax 267,228 Net Income $ 4,565,345 Retained earnings - beginning 3,442,917 Retained earnings - ending $ 8,008,262 See accompanying notes to financial statements

Shares Par Value Paid-in- capital Retained Earnings Total Beginning Balance at January 1, 2020 21,818,182 21,818$ 4,098,261 3,442,917$ 7,562,996$ Additional paid-in capital 1,467,505 1,467,505 Net income/(loss) 4,565,345 4,565,345 Ending Balance at December 31, 2020 21,818,182 21,818$ 5,565,766$ 8,008,262$ 13,595,846$ Common Stock LENDSURE MORTGAGE CORP. STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For The Year Ended December 31, 2020 (UNAUDITED) See accompanying notes to financial statements

Cash Flows from Operating Activities Net income (loss) 4,565,345$ Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 91,339 Prepaid expenses (97,683) Amortization of stock options 10,103 Accounts receivable 71,210 Mortgage loans held for sale 11,753,197 Cash at closing agent 198,943 Accounts payable (1,873) Accrued liabilities 378,047 Federal & State taxes payable 22,973 Premium recapture / Loss reserves (747,390) PPP loan forgiveness (2,185,600) Net Cash Provided by (Used by) Operating Activities 14,058,611$ Cash Flows from Investing Activities Capital expenditures (320,135)$ Security deposits-leases 4,975 Net Cash Provided by (Used by) Investing Activities (315,160)$ Cash Flows from Financing Activities Warehouse line of credit (11,950,033)$ Proceeds from PPP loan 2,185,600 Additional paid-in capital 1,457,402 Net Cash Provided by (Used by) Financing Activities (8,307,031)$ Net Increase in Cash 5,436,420$ Cash at the Beginning of the Period 11,193,276 Cash at the End of the Period 16,629,696$ Income taxes paid 695,853$ Interest paid 1,152,909$ LENDSURE MORTGAGE CORP. STATEMENT OF CASH FLOWS For The Year Ended December 31, 2020 Increase (Decrease) in Cash and Cash Equivalents (UNAUDITED) See accompanying notes to financial statements

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization LENDSURE MORTGAGE CORP. (the Company) was incorporated on March 30, 2015. The Company is engaged in the business of originating, purchasing, financing, and selling residential mortgage loans secured by real estate throughout the United States. The Company derives income from fees charged for the origination of mortgage loans and from the subsequent sale of the loans to investors. The Company is authorized to issue 40,000,000 shares of common stock with par value of $0.001 and 2,000,000 shares of zero coupon convertible preferred stock with par value of $0.001. As of December 31, 2020, there were 21,818,182 shares of common stock issued and outstanding. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For the purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. There were no cash equivalents at December 31, 2020. Credit Risk Financial instruments, which potentially subject the Company to credit risk, consist of cash and mortgage loans held for sale. The Company maintains its cash in bank accounts which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. At various times during the period ending December 31, 2020, the Company had uninsured balances. Gains From Mortgage Banking Activities Loan Origination Fees and Costs: Loan origination fees, premiums or discounts from producing loans and certain direct loan origination costs are deferred as an adjustment to the carrying value of mortgage loans. These fees and costs are recognized when the loan is sold to a third-party investor.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Mortgage Loans Held for Investment Mortgage loans originated with the ability and the intent to hold for the foreseeable future or until maturity are classified as held for investment. Mortgage loans held for investment are carried at aggregate cost. There were no mortgage loans held for investment at December 31, 2020. Mortgage Loans Held for Sale The Company does not issue rate locks and therefore has elected not to use the fair value option on mortgage loans held for sale. Mortgage loans held for sale are carried at the lower of aggregate cost or market value. The lower of aggregate cost or market value is determined by reference to outstanding commitments from investors or current yield requirements, calculated on an aggregate loan basis. Interest Income Interest income on mortgage loans is recorded as earned and reported as loan portfolio interest income in the statement of income. Mortgage loans held for sale and mortgage loans held for investment are placed on nonaccrual status when any portion of the principal or interest is 90 days past due or earlier if factors indicate that the ultimate collectability of the principal or interest is not probable. Interest received from loans on nonaccrual status is recorded as income when collected. Loans return to accrual status when the principal and interest become current and it is probable that the amounts are fully collectible. No loans originated in 2020 were placed on nonaccrual status. Revenue Recognition FASB ASC 606, Revenue from Contracts with Customers (ASC 606), establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods and services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration it expects to be entitled to receive in exchange for those goods or services, recognized as performance obligations are satisfied. The majority of the Company’s revenue generating transactions are not subject to ASC 606.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Loan Reserves The Company sells mortgage loans to various investors under purchase contracts. When the Company sells its loans, it makes customary representations and warranties to the purchasers about various characteristics of each loan such as the origination and underwriting guidelines, including but not limited to the validity of the lien securing the loan, property eligibility, borrower credit, income and asset requirements, and compliance with applicable federal, state and local law. In the event of a breach of its representations and warranties, the Company may be required to either repurchase the mortgage loans with the identified defects or indemnify the investor for any loss. The Company’s loss may be reduced by proceeds from the sale or liquidation of the repurchased loan. The Company records a provision for losses relating to such representations and warranties as part of its loan sale transactions. The method used to estimate the liability for representations and warranties is a function of the representations and warranties given and considers a combination of factors, including, but not limited to, estimate of future defaults and loan repurchase rates and the potential severity of loss in the event of defaults, including any loss on sale or liquidation of the repurchased loan. The Company establishes a liability at the time loans are sold. The level of the repurchase liability is difficult to estimate and requires considerable management judgment. Given that the level of mortgage loan repurchase losses is dependent on economic factors, investor demands for loan repurchases and other external conditions that may change over the lives of the underlying loans, market expectations around losses related to the Company’s obligations could vary significantly from the obligation recorded as of the balance sheet date. The estimated obligation associated with early loan payoffs is estimated based on management experience and judgement. The following presents changes in the Company’s loan loss reserves account for the year ended December 31, 2020: Loan loss reserves Beginning balance 550,747$ Current year provisions / reductions (300,747) Ending balance 250,000$

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Premium Recapture Reserves In the case of loans sold to investors that pay off within a specified timeframe provided for in the purchase agreement, the Company may be required to return all or a portion of the premium initially received from the investor. The Company records a provision for premiums to be recaptured as part of its loan sale transactions. The method used to estimate the premium recapture reserves is a function of a combination of factors, including, but not limited to, an estimate of the likelihood each loan will be repaid within the timeframe provided for in the purchase agreement. The Company establishes a liability at the time loans are sold. The level of premiums that may be eventually recaptured is difficult to estimate and requires considerable management judgment. Given that the level of mortgage loan premium recapture is dependent on economic factors and other external conditions that may change over the lives of the underlying loans, the Company's obligations could vary significantly from the obligation recorded as of the balance sheet date. The estimated obligation associated with early loan payoffs is estimated based on management experience and judgement. During 2020, premium recapture reserves was reduced by $446,643 including $20,449 for an early payoff. Premium recapture reserves balance at December 31, 2020 was $ 100,000. Stock-Based Compensation In July 2015, the Company adopted an Equity Incentive Plan pursuant to which the Company’s Board of Directors may grant stock options and other awards to employees. The Company accounts for stock-based compensation in accordance with FASB ASC- 718 Compensation-Stock Compensation. Accordingly, the Company measures the cost of stock-based awards using the grant-date fair value of the award and recognizes that cost over the requisite service period. The fair value of each stock option granted under the Company’s stock-based compensation plan is estimated on the date of grant using the Black-Scholes option-pricing model and assumptions outlined in Note 8. FASB ASC-718 requires forfeitures to be estimated at the time of grant and prospectively revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. Stock-based compensation recorded for those stock-based awards that were expected to vest was $10,103 and included in the statement of income for the year ended December 31, 2020.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Compensated Absences The Company has not accrued compensated absences because the amount cannot be reasonably estimated. Advertising The Company utilizes the non-direct method of advertising whereby costs are expensed as incurred. Advertising expense for the year ended December 31, 2020 was approximately $6,600. Income Taxes The Company was formed as a C corporation. As a result, the Company will generally be subject to federal and state income tax at the corporate level. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The temporary differences relate primarily to loan loss and premium recapture reserves recorded for financial statement purposes, not yet reflected for tax purposes. As described in Note 6, the Company received loan proceeds in the amount of $2,185,600 under the Paycheck Protection Program (“PPP”). The Company believes its use of the proceeds will meet the conditions for forgiveness under the Payroll Protection Program criteria. If the loan proceeds are forgiven, the Company, pursuant to guidance from the Internal Revenue Service and the Consolidated Appropriations Act, 2021 will not be taxed upon the proceeds, and eligible expenses paid with the loan proceeds will be allowed as business deductions. In evaluating our ability to recover our deferred tax assets related to future tax deductions of loan losses and premium recapture, we consider all available positive and negative evidence, projected future taxable income, and results of recent operations, including operating history. The assumptions about future taxable income require significant judgment and are consistent with the plans and estimates we are using to manage the underlying business. In evaluating the objective evidence that historical results provide, we consider our past three years of operating history and cumulative operating income over the past three years.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Based upon our short operating history, we believe that it is more likely than not that the benefit from deferred tax assets may not be realized. In recognition of this risk, we have provided for a full valuation allowance on the deferred tax assets of $43,585. If our assumptions change and we determine we will be able to realize these tax benefits relating to any reversal of the valuation allowance on deferred tax assets, such will be reflected in future periods. Subsequent Events Date The subsequent events were evaluated by management of the Company through March 30, 2021. This is the date financial statements were available to be issued. 2. MORTGAGE LOANS HELD FOR INVESTMENT At December 31, 2020, the Company had no mortgage loans held for investment. 3. MORTGAGE LOANS HELD FOR SALE At December 31, 2020, the Company had 13 mortgage loans aggregating $5,468,862 held for sale. Substantially all the loans held for sale at December 31, 2020 were sold subsequent to year end. The Company does not have any delinquent loans held for sale and has not been requested by any investor to repurchase any loan previously sold. Accordingly, the Company does not have any non-accrual loans held for sale as of December 31, 2020. 4. PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation or amortization. Depreciation on furniture and equipment is recorded using the straight-line method over the estimated useful lives of individual assets, typically three to five years. Amortization of leasehold improvements is recorded using the straight-line method over the estimated useful lives of improvements or remaining lease term, whichever is less. At December 31, 2020, property and equipment aggregated $499,776, less accumulated depreciation and amortization of $312,196. Depreciation expense for the year ended December 31, 2020 was $91,339.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 5. WAREHOUSE LINES OF CREDIT The Company has two warehouse line of credit agreements. The purpose of the credit lines is to fund real estate loans to be sold to investors. The Company also has a credit agreement with EF Holdco Inc, an affiliate of a significant stockholder. The credit line may be used to fund loans, as well as fund margin requirements on warehouse credit agreements. This credit line with a maximum line limit of $5,000,000 was not utilized in 2020. Interest is charged at a variable and fixed rate on the loans outstanding from the date disbursed. The warehouse credit line limit and principal amount outstanding at December 31, 2020 is as follows: Maximum line limit Principal amount Silvergate Bank 65,000,000$ 4,811,002$ Banc of California 15,000,000 497,218 80,000,000$ 5,308,220$ 6. NOTE PAYABLE – PPP LOAN FORGIVENESS On April 16, 2021, the Company received loan proceeds in the amount of $2,185,600 under the Paycheck Protection Program (the “PPP”). The PPP was established as part of the Coronavirus Aid, Relief and Economic Security Act. Under the PPP, if the loan proceeds are used for payroll, benefits, rent and utilities, subject to certain limitations, the loan and accrued interest are forgivable. The Company believes its use of the proceeds has met the conditions for forgiveness under the PPP criteria. Accordingly, the Company has taken the position under IAS 120 that a forgivable loan from the government is treated as a government grant when there is a reasonable assurance that the entity will meet the terms for forgiveness of the loan. The Company has reflected forgiveness of the loan in the financial statements for the year ended December 31, 2020. 7. LEASE COMMITMENTS At December 31, 2020, the Company leased five offices in San Diego, one in Rhode Island, one in Georgia, and utilized shared office space in New York. The leases require security deposits which aggregate $15,417. Current monthly rent under the leases is $28,304 with annual rent increases. Rent expense for the year ended December 31, 2020 was $330,345. Future minimum required rent is $304,918 and $264,915 for the years ended 2021 and 2022, respectively.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 8. STOCK-BASED COMPENSATION In July 2015, the Company adopted an Equity Incentive Plan (the Plan), pursuant to which the Company’s Board of Directors may grant stock options and other awards to employees. The Plan authorizes grants of options to purchase up to 654,545 shares of authorized but unissued common stock. Stock options granted under the Plan have terms of ten years and vest over four years. In 2020, the Board of Directors granted 25,000 stock options to employees with an exercise price of 84 cents per common share. The per share weighted average fair value of stock options granted during 2020 was 32 cents on the date of grant, using the Black-Scholes option-pricing model. At December 31, 2020, there were 326,045 shares of common stock available for future grants under the Plan. 9. EMPLOYEE BENEFIT PLANS The Company has a 401(k) plan for the benefit of eligible employees and their beneficiaries. The 401(k) plan is a defined contribution 401(k) plan that allows eligible employees to save for retirement through pretax and post-tax contributions up to the specified limits. The Company must match employee contributions up to 4% of the employee’s eligible base salary. The Company contribution towards the 401(k) plan was $234,057 for the year ended December 31, 2020. 10. RELATED PARTY TRANSACTIONS For the year ended December 31, 2020, the Company sold mortgage loans of $470.8 million to companies affiliated with a significant stockholder of the Company. Shortly after the World Health Organization declared the COVID-19 outbreak a global pandemic on March 19, 2020, investors ceased purchasing the Company’s loan production. To deal with this crisis, the Company entered into a $150 million forward purchase agreement with an affiliate of a significant stockholder of the Company. To entice the affiliate to enter into the forward purchase agreement, the Company agreed to issue warrants to the stockholder representing 15% of the Company’s issued and outstanding common stock, on a fully diluted basis. The warrants have a strike price of $0.01 per share. The warrants were earned over the period the $150 million forward was filled, all of which occurred by the end of October 2020. The estimated value for the warrants was based upon the relative fair values of the warrants and loan production sold. The fair value allocated to warrants was $1,457,402, which is included in paid in capital. No warrants had been exercised as of December 31, 2020.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 11. CONCENTRATIONS The Company maintains all of its cash with major financial institutions. At times, cash balances may be in excess of the amounts insured by the Federal Deposit Insurance Corporation. Substantially all of the Company’s revenue is derived from gains and fees from mortgage banking activities. Real estate activity is cyclical and is affected greatly by the cost and availability of long-term mortgage funds. Real estate activity and the Company’s revenue can be adversely affected during periods of high interest rates and/or limited money supply. The reduction of real estate activity and fees generated from such activity could have a material adverse effect on the financial condition and results of operations of the Company. The Company originates residential mortgage loans and generates revenues from the origination and sale of these loans. Although management closely monitors market conditions, such activity is sensitive to fluctuations in prevailing interest rates and the real estate markets. A large portion of all properties securing the Company’s mortgage loans sold and held for sale for the year ended December 31, 2020 were or are located in California, and the downturn in economic conditions in that region’s real estate market could have a material adverse impact on the Company’s financial condition and results of operations. Additionally, the Company has purchase and sale agreements with only a few companies to sell the mortgage loans it produces, and one of these agreements is with multiple affiliates of a significant stockholder of the Company. For the year ended December 31, 2020, the Company sold mortgage loans of $470.8 million to this investor, which represented the majority of loans it sold in the year ended December 31, 2020. 12. CONTINGENCIES The Company may be contractually obligated to repurchase a loan sold to an investor in the event of a breach of representations and warranties by the Company under the purchase and sale agreement with the investor. The terms of the purchase agreements, including repurchase obligations, vary by investor depending on each investor’s policies and procedures. The Company is subject to various capital and liquidity requirements in connection with credit agreements (see note 5). Failure to maintain minimum capital and liquidity requirements could result in default under the credit agreements, adversely impacting the Company’s ability to originate loans, and could have a material adverse effect on the Company’s financial statements.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2020 12. CONTINGENCIES (CONT.) In the third quarter of 2020, the Company hired employees from a competitor in the mortgage industry. Shortly thereafter, the Company was named as a co-defendant with three of the employees in a suit brought by the competitor. A fourth employee was subsequently added as a co-defendant. The suit alleges the former employees improperly took trade secrets and other confidential information and seeks injunctive relief against use of the information and damages according to proof. A preliminary investigation indicates that neither the employees hired by the Company, nor the Company, has used any information from the competitor. All parties are working on settlement of the lawsuit. In the fourth quarter of 2020, the Company was served with a summons and complaint in a matter entitled Anderson-Daik v. Frontier Title Company-WH LLC, 234th Judicial District Court of Harris County, Texas, Cause No. 202017166. The suit is based on the plaintiff, a loan recipient of the Company, having wired her closing funds in the approximate amount of $86,000 to someone who spoofed the closing agent’s email. The plaintiff does not know how the closing agent’s email was spoofed, and has sued multiple parties to the transaction, including the Company, the mortgage broker, the real estate broker, and the Company’s Texas documents attorneys. The Company is defending the action but may contribute to an expedient settlement. In the opinion of Company’s management and counsel, none of the litigation is anticipated to have any material adverse effect on the company.

LENDSURE MORTGAGE CORP. SCHEDULE - GEN & ADMIN EXPENSES For The Year Ended December 31, 2020 (UNAUDITED) Gen & admin expenses Bank charges $ 2,019 Computer and software expense 533,243 Contributions & donations 2,185 Depreciation 91,339 G&A, Postage, Off Supp, Fax, Phone 151,573 Interest expense 582 Interest and fee expense - warehouse 1,141,819 Insurance-medical 494,894 Loan costs & fees 2,468,669 Loan loss reserves (300,747) Payroll - salaries 14,699,788 Premium recapture (426,194) Pension plan contributions 234,057 Payroll service 40,765 Professional fees 94,814 Rent expense 330,345 Taxes & licenses 154,206 Taxes-payroll 973,567 Travel, Entertainment, Auto exp 186,477 Total gen & admin expenses $ 20,873,401

LENDSURE MORTGAGE CORP. FINANCIAL STATEMENTS DECEMBER 31, 2019 (UNAUDITED)

LENDSURE MORTGAGE CORP. TABLE OF CONTENTS Financial Statements (UNAUDITED) Balance Sheet Statement of Income and Retained Earnings Statement of Changes in Stockholders’ Equity Statement of Cash Flows Notes to Financial Statements Supplementary Information – Schedule of Gen & Admin expenses

LENDSURE MORTGAGE CORP. BALANCE SHEET December 31, 2019 (UNAUDITED) See accompanying notes to financial statements ASSETS CURRENT ASSETS Cash in bank $ 11,193,276 Accounts receivable 42,121 Interest receivable 75,969 Cash at closing agent 198,943 Mortgage loans held for sale 17,222,059 Prepaid expenses 12,413 Total Current Assets $ 28,744,781 PROPERTY AND EQUIPMENT Computer equipment and software $ 16,500 Furniture & fixtures 62,035 Office equipment 322,588 Leasehold improvements 15,336 Less: Accumulated depreciation (220,858) Net Property and Equipment $ 195,601 OTHER ASSETS Security deposit $ 20,392 Total Other Assets $ 20,392 TOTAL ASSETS $ 28,960,774

LENDSURE MORTGAGE CORP. BALANCE SHEET December 31, 2019 (UNAUDITED) See accompanying notes to financial statements LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 184,314 Loan loss reserves 550,747 Premium recapture reserves 546,643 Accrued payroll liabilities 1,662,599 Accrued expenses 509,418 Interest and fees payable 14,495 Warehouse line of credit 17,258,254 Federal & State income tax payable 671,309 Total Current Liabilities $ 21,397,779 Total Liabilities $ 21,397,779 STOCKHOLDERS' EQUITY Common stock $ 21,818 Additional paid-in capital 4,098,261 Retained earnings 3,442,916 Total Stockholders' Equity $ 7,562,995 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 28,960,774

LENDSURE MORTGAGE CORP. STATEMENT OF INCOME & RETAINED EARNINGS For The Year Ended December 31, 2019 (UNAUDITED) See accompanying notes to financial statements Income Gains from mortgage banking activities $ 23,757,725 Loan interest income 1,760,996 Total Income $ 25,518,721 Gen & admin expenses 21,801,877 Operating Income $ 3,716,844 Other Income and Expense Interest earned $ 6,561 Other income 3,000 Total Other Income $ 9,561 Income before taxes $ 3,726,405 Federal income tax 736,688 State income tax 246,678 Net Income $ 2,743,039 Retained earnings - beginning 699,877 Retained earnings - ending $ 3,442,916

Shares Par Value Paid-in- capital Retained Earnings Total Beginning Balance at January 1, 2019 21,818,183 21,818$ 4,088,121 699,877$ 4,809,816$ Additional paid-in capital 10,140 10,140 Net income/(loss) 2,743,039 2,743,039 Ending Balance at December 31, 2019 21,818,183 21,818$ 4,098,261$ 3,442,916$ 7,562,995$ Common Stock LENDSURE MORTGAGE CORP. STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For The Year Ended December 31, 2019 (UNAUDITED) See accompanying notes to financial statements

Cash Flows from Operating Activities Net income (loss) 2,743,039$ Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 81,109 Prepaid expenses (2,413) Amortization of stock options 10,140 Accounts receivable (94,867) Mortgage loans held for sale 1,370,656 Cash at closing agent (198,943) Accounts payable 129,682 Accrued liabilities 1,144,290 Federal & State taxes payable 845,392 Premium recapture reserves (83,065) Net Cash Provided by (Used by) Operating Activities 5,945,020$ Cash Flows from Investing Activities Capital expenditures (117,353)$ Security deposits-leases (16,139) Net Cash Provided by (Used by) Investing Activities (133,492)$ Cash Flows from Financing Activities Advances to employees 5,415$ Warehouse line of credit (910,276) Net Cash Provided by (Used by) Financing Activities (904,861)$ Net Increase in Cash 4,906,667$ Cash at the Beginning of the Period 6,286,609 Cash at the End of the Period 11,193,276$ Income taxes paid 138,800$ Interest paid 1,533,311$ LENDSURE MORTGAGE CORP. STATEMENT OF CASH FLOWS For The Year Ended December 31, 2019 Increase (Decrease) in Cash and Cash Equivalents (UNAUDITED) See accompanying notes to financial statements

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization LENDSURE MORTGAGE CORP. (the Company) was incorporated on March 30, 2015. The Company is engaged in the business of originating, purchasing, financing, and selling residential mortgage loans secured by real estate throughout the United States. The Company derives income from fees charged for the origination of mortgage loans and from the subsequent sale of the loans to investors. The Company is authorized to issue 25,000,000 shares of common stock with par value of $0.001 and 2,000,000 shares of zero coupon convertible preferred stock with par value of $0.001. As of December 31, 2019, there were 21,818,183 shares of common stock issued and outstanding. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For the purposes of the statements of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. There were no cash equivalents at December 31, 2019. Credit Risk Financial instruments, which potentially subject the Company to credit risk, consist of cash and mortgage loans held for sale. The Company maintains its cash in bank accounts which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. At various times during the period ending December 31, 2019, the Company had uninsured balances. Gains From Mortgage Banking Activities Loan Origination Fees and Costs: Loan origination fees, premiums or discounts from producing loans and certain direct loan origination costs are deferred as an adjustment to the carrying value of mortgage loans. These fees and costs are recognized when the loan is sold to a third-party investor.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Mortgage Loans Held for Investment Mortgage loans originated with the ability and the intent to hold for the foreseeable future or until maturity are classified as held for investment. Mortgage loans held for investment are carried at aggregate cost. There were no mortgage loans held for investment at December 31, 2019. Mortgage Loans Held for Sale The Company does not issue rate locks and therefore has elected not to use the fair value option on mortgage loans held for sale. Mortgage loans held for sale are carried at the lower of aggregate cost or market value. The lower of aggregate cost or market value is determined by reference to outstanding commitments from investors or current yield requirements, calculated on an aggregate loan basis. Interest Income Interest income on these loans is recorded as earned and reported as loan portfolio interest income in the statement of income. Mortgage loans held for sale and mortgage loans held for investment are placed on nonaccrual status when any portion of the principal or interest is 90 days past due or earlier if factors indicate that the ultimate collectability of the principal or interest is not probable. Interest received from loans on nonaccrual status is recorded as income when collected. Loans return to accrual status when the principal and interest become current and it is probable that the amounts are fully collectible. No loans originated in 2019 were placed on nonaccrual status. Loan Reserves The Company sells mortgage loans to various investors under purchase contracts. When the Company sells its loans, it makes customary representations and warranties to the purchasers about various characteristics of each loan such as the origination and underwriting guidelines, including but not limited to the validity of the lien securing the loan, property eligibility, borrower credit, income and asset requirements, and compliance with applicable federal, state and local law. In the event of a breach of its representations and warranties, the Company may be required to either repurchase the mortgage loans with the identified defects or indemnify the investor for any loss. The Company’s loss may be reduced by proceeds from the sale or liquidation of the repurchased loan.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) The Company records a provision for losses relating to such representations and warranties as part of its loan sale transactions. The method used to estimate the liability for representations and warranties is a function of the representations and warranties given and considers a combination of factors, including, but not limited to, estimate of future defaults and loan repurchase rates and the potential severity of loss in the event of defaults, including any loss on sale or liquidation of the repurchased loan. The Company establishes a liability at the time loans are sold. The level of the repurchase liability is difficult to estimate and requires considerable management judgment. Given that the level of mortgage loan repurchase losses is dependent on economic factors, investor demands for loan repurchases and other external conditions that may change over the lives of the underlying loans, market expectations around losses related to the Company’s obligations could vary significantly from the obligation recorded as of the balance sheet date. The estimated obligation associated with early loan payoffs is estimated based on management experience and judgement. The following presents changes in the Company’s loan loss reserves account for the year ended December 31, 2019: Loan loss reserves Beginning balance 550,747$ Current year provisions - Ending balance 550,747$ Premium Recapture Reserves In the case of loans sold to investors that pay off within a specified timeframe provided for in the purchase agreement, the Company may be required to return all or a portion of the premium initially received from the investor. The Company records a provision for premiums to be recaptured as part of its loan sale transactions. The method used to estimate the premium recapture reserves is a function of a combination of factors, including, but not limited to, an estimate of the likelihood each loan will be repaid within the timeframe provided for in the purchase agreement. The Company establishes a liability at the time loans are sold. The level of premiums that may be eventually recaptured is difficult to estimate and requires considerable management judgment. Given that the level of mortgage loan premium recapture is dependent on economic factors and other external conditions that may change over the lives of the underlying loans, the Company's obligations could vary significantly from the obligation recorded as of the balance sheet date. The estimated obligation associated with early loan payoffs is estimated based on management experience and judgement. During 2019, Premium recapture reserves was reduced by $ 72,937 for premiums returned to investors. Premium recapture reserves balace at December 31, 2019 was $ 546,643.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) Stock-Based Compensation The Company Board of Directors in July 2015 approved an Equity Incentive Plan for the Company. The Company accounts for stock-based compensation in accordance with FASB ASC-718 Compensation-Stock Compensation. Accordingly, the Company measures the cost of stock-based awards using the grant-date fair value of the award and recognizes that cost over the requisite service period. The fair value of each stock option granted under the Company’s stock-based compensation plan is estimated on the date of grant using the Black-Scholes option-pricing model and assumptions outlined in Note 7. FASB ASC-718 requires forfeitures to be estimated at the time of grant and prospectively revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. Stock-based compensation recorded for those stock-based awards that were expected to vest was $10,140 and included in the statement of income for the year ended December 31, 2019. Compensated Absences The Company has not accrued compensated absences because the amount cannot be reasonably estimated. Advertising The Company utilizes the non-direct method of advertising whereby costs are expensed as incurred. Advertising expense for the year ended December 31, 2019 was approximately $42,000. Income Taxes The Company was formed as a C corporation. As a result, the Company will generally be subject to federal and state income tax at the corporate level. Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. The temporary differences relate primarily to loan loss and premium recapture reserves recorded for financial statement purposes, not yet reflected for tax purposes.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT.) In evaluating our ability to recover our deferred tax assets related to future tax deductions of loan losses and premium recapture, we consider all available positive and negative evidence, projected future taxable income, and results of recent operations, including operating history. The assumptions about future taxable income require significant judgment and are consistent with the plans and estimates we are using to manage the underlying business. In evaluating the objective evidence that historical results provide, we consider our past three years of operating history and cumulative operating income over the past three years. Based upon our short operating history, we believe that it is more likely than not that the benefit from deferred tax assets may not be realized. In recognition of this risk, we have provided for a full valuation allowance on the deferred tax assets of $228,079. If our assumptions change and we determine we will be able to realize these tax benefits relating to any reversal of the valuation allowance on deferred tax assets, such will be reflected in future periods. Subsequent Events Date The subsequent events were evaluated by management of the Company through March 27, 2020. This is the date financial statements were available to be issued. 2. MORTGAGE LOANS HELD FOR INVESTMENT At December 31, 2019 the company had no mortgage loans held for investment. 3. MORTGAGE LOANS HELD FOR SALE At December 31, 2019, the Company had 39 mortgage loans aggregating $17,222,059 held for sale. Substantially all the loans held for sale at December 31, 2019 were sold subsequent to year end. The Company does not have any delinquent loans held for sale and has not been requested by any investor to repurchase any loan previously sold. Accordingly, the Company does not have any non-accrual loans held for sale as of December 31, 2019.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 4. PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation or amortization. Depreciation on furniture and equipment is recorded using the straight-line method over the estimated useful lives of individual assets, typically three to five years. Amortization of leasehold improvements is recorded using the straight-line method over the estimated useful lives of improvements or remaining lease term, whichever is less. At December 31, 2019 property and equipment aggregated $416,459, less accumulated depreciation and amortization of $220,858. Depreciation expense for the year ended December 31, 2019 was $81,109. 5. WAREHOUSE LINES OF CREDIT The Company has entered into three warehouse line of credit agreements. The purpose of the credit lines is to fund real estate loans to be sold to investors. The company also entered into a credit agreement with EF Holdo Inc. an affiliate of a significant stockholder. The credit line may be used to fund loans, as well as fund margin requirements on warehouse credit agreements. This credit line with a maximum line limit of $5,000,000 was not utilized in 2019. Interest is charged at a variable and fixed rate on the loans outstanding from the date disbursed. The warehouse credit line limit and principal amount outstanding at December 31, 2019 is as follows: Maximum line limit Principal amount Silvergate Bank 65,000,000$ 16,836,892$ Banc of California 15,000,000 421,362 First Tennessee Bank 10,000,000 - 90,000,000$ 17,258,254$ 6. LEASE COMMITMENTS The Company leases 6 offices in San Diego, 1 in Colorado, 1 in Rhode Island, 1 in Ohio, and 1 in Georgia, and utilizes shared office space in New York. The leases require security deposits which aggregate $20,392. Current monthly rent under the leases is $31,704 with annual rent increases. Rent expense for the period ended December 31, 2019 was $283,008. Future minimum required rent is $344,646 and $173,947 for the years ended 2020 and 2021, respectfully.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 7. STOCK-BASED COMPENSATION In July 2015, the Company adopted an Equity Incentive Plan (the Plan), pursuant to which the Company’s Board of Directors may grant stock options and other awards to employees. The Plan authorizes grants of options to purchase up to 654,545 shares of authorized but unissued common stock. Stock options granted under the Plan have terms of ten years and vest over four years. In 2019, the Board of Directors granted 71,000 stock options to employees with an exercise price of 38 cents per common share. The per share weighted average fair value of stock options granted during 2019 was 25 cents on the date of grant, using the Black-Scholes option-pricing model. At December 31, 2019, there were 351,045 shares of common stock available for future grants under the Plan. 8. EMPLOYEE BENEFIT PLANS The Company has a 401(k) plan (The Plan) for the benefit of eligible employees and their beneficiaries. The Plan is a defined contribution 401(k) plan that allows eligible employees to save for retirement through pretax and post-tax contributions up to the specified limits. The Company must contribute amounts up to 4% of the employee’s eligible base salary, dependent on the employee’s level of participation. The Company contribution towards the plan was $185,616 for the year ended December 31, 2019. 9. RELATED PARTY TRANSACTIONS For the year ended December 31, 2019, the Company sold mortgage loans of $504.75 million to companies affiliated with a significant stockholder of the Company. 10. CONCENTRATIONS The Company maintains all of its cash with major financial institutions. At times, cash balances may be in excess of the amounts insured by the Federal Deposit Insurance Corporation. Substantially all of the Company’s revenue is derived from gains and fees from mortgage banking activities. Real estate activity is cyclical and is affected greatly by the cost and availability of long-term mortgage funds. Real estate activity and the Company’s revenue can be adversely affected during periods of high interest rates and/or limited money supply. The reduction of real estate activity and fees generated from such activity could have a material adverse effect on the financial condition and results of operations of the Company. The Company originates residential mortgage loans and generates revenues from the origination and sale of these loans. Although management closely monitors market conditions, such activity is sensitive to fluctuations in prevailing interest rates and the real estate markets.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 10. CONCENTRATIONS (CONT.) A large portion of all properties securing the mortgage loans sold and held for sale for the year ended December 31, 2019 were or are located in California, and the downturn in economic conditions in this region’s real estate market could have a material adverse impact on the Company’s financial condition and results of operations. Additionally, the Company has purchase and sale agreements with only a few companies to sell the mortgage loans it produces, and one of these agreements is with multiple affiliates of a significant stockholder of the Company. For the year ended December 31, 2019, the Company sold mortgage loans of $504.75 million to this investor, which represented the majority of loans it sold in the year ended December 31, 2019. 11. CONTINGENCIES The Company may be contractually obligated to repurchase a loan sold to an investor in the event of a breach of representations and warranties by the Company under the purchase and sale agreement with the investor. The terms of the purchase agreements, including repurchase obligations, vary by investor and loan depending on each investor’s policies and procedures. The Company is subject to various capital and liquidity requirements in connection with credit agreements (see note 5) and the purchase and sale agreements that the Company has entered into with secondary market investors. Failure to maintain minimum capital and liquidity requirements could result in the Company’s inability to originate and sell loans for the respective investors and, therefore, could have a direct material effect on the Company’s financial statements. On September 4, 2019, the Company received a notice of threatened litigation and a preservation of records demand regarding a borrower who wired closing funds to someone impersonating the closing agent. On December 27, 2019, the Company received a copy of a demand letter from the borrower’s attorney directed to the closing agent seeking reimbursement of the $86,000 lost by the borrower. The letter made no allegations of wrongdoing on the part of the Company and did not seek recovery from the Company. The Company has had no further communications regarding the matter. 12. SUBSEQUENT EVENTS In December 2019, a novel strain of coronavirus ("COVID-19") was reported in Wuhan, China. On January 30, 2020, the World Health Organization declared COVID-19 to constitute a "Public Health Emergency of International Concern." On March 13, 2020, The President of The United States Of America declared COVID-19 a national emergency.

LENDSURE MORTGAGE CORP. NOTES TO FINANCIAL STATEMENTS December 31, 2019 12. SUBSEQUENT EVENTS (CONT.) Since that time, COVID-19 has spread throughout the U.S. with the death toll rising daily. In an effort to slow the spread, measures have been implemented at both the federal and state levels, including travel restrictions, closure of non-essential businesses, and stay-at-home and lockdown orders. The U.S. economy has been negatively impacted in all financial markets, including mortgage lending and liquidity for loans originated by the Company. On March 23, 2020, due to the continued disruption in all financial markets, the Company paused further lending operations, except to fund loans for which loan documents had been signed by the borrowers and for which continued borrower employment was verified. While this pause in lending activities is hoped to be temporary, the Company’s revenue will be significantly impacted during the pause. In response to unprecedented disruptions in the financial markets, on March 27, 2020, The United States Congress approved a $2 trillion emergency stimulus package intended to stave off total economic collapse in the wake of the coronavirus (The CARES Act). Included in the approved package are provisions for “Small Business Loans “for employers with less than 500 employees, for which the company would qualify. The Small Business Loans are available for up to $10 million dollars and will be guaranteed by the federal government. The Small Business Loan allows for the proceeds to be used for a variety of expenditures, including to support payroll related costs. Additionally, the portion of the proceeds used to support payroll related costs may be eligible for forgiveness (with the forgiven amount non-taxable) if employees are maintained for a defined period of time. The details of the Small Business Loan program are not yet fully known. The Company currently intends to apply for a Small Business Loan under this program when they become available. There is no assurance that the Company will qualify for a Small Business Loan, and if the Company does qualify, there is no assurance the loan will be approved. At this time, the Company is not planning any downsizing of the employee group, although the Company has suspended all bonus programs, and commission-based compensation, which represented approximately 35% of the Company’s general expenses for 2019, will be substantially eliminated during the pause. Given the dynamic nature of these circumstances, the duration of business disruption and reduced loan activity, the related financial impact cannot be reasonably estimated at this time, but are expected to materially affect our results in calendar year 2020, which has not been reflected in these 2019 financial statements. If the Small Business Loan is not available to the Company and the market disruption continues for an extended period, the Company will take other actions as necessary, such as compensation and/or workforce reductions.

LENDSURE MORTGAGE CORP. SCHEDULE - GEN & ADMIN EXPENSES For The Year Ended December 31, 2019 (UNAUDITED) Gen & admin expenses Bank charges $ 783 Computer and software expense 417,156 Depreciation 81,109 G&A, Postage, Off Supp, Fax, Phone 171,863 Interest expense 1,458 Interest and fee expense - warehouse 1,534,564 Insurance-medical 492,246 Loan costs & fees 4,516,196 Payroll - salaries 12,515,498 Pension plan contributions 185,616 Payroll service 22,616 Pension plan admin fees 1,500 Professional fees 176,399 Rent expense 283,008 Taxes & licenses 171,577 Taxes-payroll 878,625 Travel, Entertainment, Auto exp 351,663 Total gen & admin expenses $ 21,801,877