Koil Energy Solutions, Inc.

Our operating facility is located at 1310 Rankin Road, Houston, Texas 77073 (“Rankin Rd.”) and includes approximately 101,000 square feet of office, manufacturing, and storage space. The term of the lease is for ten years, which commenced on August 1, 2022, at a base rate of $78,000 per month with a 2% increase each subsequent year. Koil Energy uses the facility as its primary base of operations, which includes the fabrication of custom engineered products as well as other subsea equipment for both oil and gas and renewable energy applications.

In February 2025, Koil Energy opened a location in Macaé, Brazil. The 180,000 square foot facility includes a 27,000 square foot workshop for manufacturing. The facility is leased under a four-year agreement that commenced February 1, 2025, at a base rate of R$140,000 per month (approximately $25,000 per month at current exchange rates). The Brazil facility is primarily focused on engineering, manufacturing, and testing for cable management, umbilicals, and flexible pipes in the Campos Basin.

We also lease, on a month-to-month basis, approximately 19,000 square feet of storage space in Mobile, Alabama to house our 3,400 metric ton and 3,500 metric ton carousel systems for $11,000 per month.

We believe that these facilities are suitable, adequate and of sufficient capacity to support our current operations.