Entered an exclusive 60-day option to purchase the Zermatt Resort in Midway, Utah from Wasatch Springs Management Holdings, LLC, effective March 24, 2026. Paid $250,000 non-refundable option consideration (credited to price if the option is exercised). Granted full operational control of the resort during the option period to conduct diligence and feasibility work. Potential purchase price to be the appraised value less any debt assumed by TAP or another mutually agreed amount; the $250,000 option fee will be applied at closing if exercised. Decision to exercise is contingent on successful property and operational due diligence, restructuring negotiations with existing creditors/debtholders, capital raising plans, and completion of preliminary renovation plans. Exclusivity/no-shop in place; seller cannot solicit or negotiate alternatives during the option period (subject to remedies for breach). No assumption of liabilities until a definitive purchase agreement is executed and the transaction closes. If exercised, TAP intends to operate the resort and complete a renovation of the property.