NeoVolta Inc.

Effective February 1, 2025, we relocated our corporate and manufacturing office space to a facility in Poway, California, under a 13-month sublease agreement with the sublandlord, at a base rental of $18,638 per month. Effective October 1, 2025, we entered into an extension of our sublease agreement with the sublandlord whereby we extended the term of the sublease agreement for an additional five years and one month from the original expiration date of February 28, 2026, to the extended expiration date of March 31, 2031. Under this extension, the monthly rate will increase modestly each year of the extended term.

Effective June 1, 2026, NVP assumed the responsibility for a long-term lease on an industrial structure in Pendergrass, Georgia, that was originally leased by our joint venture partner from the landlord in December 2025, but is presently under the control and direction of NVP while a formal assignment from the landlord is underway. In accordance with the lease terms, NVP began making monthly payments at a base rental of $120,218 per month on the lease in June 2026, which are expected to continue until expiration on May 31, 2033, with an additional three-year renewal option available, which is presently uncommitted. Under this lease, the monthly rate will increase modestly each year of the term.

We do not own any real property.