September 29, 2022

Mr. Ahmed Zinna

16 Southside Drive

Charlotte, NC 28204

Dear Mr. Zinna:

This letter is in response to your inquiry regarding the tax consequences of the proposed capital improvement projects at your Calvin Street and Stowe Avenue locations. As I understand your proposal, you plan to incur certain expenditures that are intended to make your stores more accessible to disabled individuals in accordance with the Americans with Disabilities Act. The capital improvements you are planning (e.g., ramps, doorways, and restrooms that are accessible) qualify for the disabled access credit if the costs are incurred for a facility that was placed in service before The projected expenditures of $ for your Stowe Avenue location qualify for the credit. In addition, the credit is calculated at the rate of but do not exceed $ Thus, the maximum credit in your situation would be $ be aware that the basis for depreciation of these capital improvements would be reduced to $ expenditures reduced by the amount of the disabled access credit. The capital improvements you are planning for your Calvin Street location, even though they for the disabled access credit, be depreciated. Should you need more information or need to clarify the information in this letter, please call me. Sincerely, % of the eligible expenditures that exceed $ Kanti Cook, CPA

Charlotte, NC 28204 Dear Mr. Zinna: This letter is in response to your inquiry regarding the tax consequences of the proposed capital improvement projects at your Calvin Street and Stowe Avenue locations. As 1 understand your proposal, you plan to incur certain expenditures that are intended to make your stores more accessible to disabled individuals in accordance with the Americans with Disabilities Act. The capital improvements you are pianning (e.g. ramps, doorways, and restrooms that are accessible) qualify for the disabled access credit if the costs are incurred for a facility that was placed in service before The projected expenditures of $ for your Stowe Avenue location qualify for the credit. in addition, the credit is calculated at the rate of O of the eligible expenditures that exceed $ but do not exceeds Thus, the maximum credit in your situation would bes - You should also be aware that the basis for depreciation of these capitai improvements would be reduced to $ the amount of the expenditures reduced by the amount of the disabled access credit. The capital improvements you are planning for your calvin Street location, even though they for the disabled access credit. be depreciated. Should you need more information or need to clarify the information in this letter, please call me. Sincerely, Charlotte, NC 28204 Dear Mr. Zinna: This letter is in response to your inquiry regarding the tax consequences of the proposed capital improvement projects at your Calvin Street and Stowe Avenue locations. As 1 understand your proposal, you plan to incur certain expenditures that are intended to make your stores more accessible to disabled individuals in accordance with the Americans with Disabilities Act. The capital improvements you are pianning (e.g. ramps, doorways, and restrooms that are accessible) qualify for the disabled access credit if the costs are incurred for a facility that was placed in service before The projected expenditures of $ for your Stowe Avenue location qualify for the credit. in addition, the credit is calculated at the rate of O of the eligible expenditures that exceed $ but do not exceeds Thus, the maximum credit in your situation would bes - You should also be aware that the basis for depreciation of these capitai improvements would be reduced to $ the amount of the expenditures reduced by the amount of the disabled access credit. The capital improvements you are planning for your calvin Street location, even though they for the disabled access credit. be depreciated. Should you need more information or need to clarify the information in this letter, please call me. Sincerely