STEM CENTER USA INC.

nuary 1, 2026, Participants with prior year wages exceeding the applicable IRS threshold may elect such “catch-up” contributions only on a Roth basis. The Company does not provide Company matching contributions on “catch-up” contributions. Participants may also contribute amounts representing rollover eligible distributions from other qualified defined benefit or defined contribution plans, IRC Section 403(b) annuity plans, IRC Section 457 governmental plans or individual retirement accounts. Participants direct their contributions into the various eligible investment options offered by the Plan. Contributions are subject to certain limitations as set forth under the IRC or the limits set forth in the Plan document. All new employees are automatically enrolled in the Plan to make pre-tax c

ed immediately in their elective contributions plus earnings thereon. Participants hired before January 1, 2024, other than certain bargaining unit employees, are also immediately fully vested in all Company contributions and actual earnings thereon. With respect to certain bargaining unit Participants, Company contributions vest in accordance with the Plan document and the applicable collective bargaining agreement, generally, ratably in 20 % increments over five years . With respect to non-union and certain union Participants hired on or after January 1, 2024, Company contributions fully vest after two years of service. Notwithstanding the foregoing vesting schedules, in all cases, Participants become fully vested upon reaching normal retirement age (age 65), becoming disabled (as define

stment options offered by the Plan. Contributions are subject to certain limitations as set forth under the IRC or the limits set forth in the Plan document. All new employees are automatically enrolled in the Plan to make pre-tax contributions unless they elect otherwise. An employee who has been automatically enrolled is deemed to have elected to defer pre-tax contributions at a rate of 6 % ( 3 % for certain bargaining unit Participants) of eligible compensation (Automatic Contributions). A notice is provided to all employees who are scheduled to be automatically enrolled in the Plan (Automatic Enrollment Notice). In general, an employee has 30 days after receiving the Automatic Enrollment Notice to elect not to make any pre-tax contributions or choose a different contribution percentage

erest on notes receivable from participants 3,142 Contributions Participant 97,124 Employer 72,293 Rollover 4,388 Total contributions 173,805 Expenses Benefit payments ( 363,818 ) Administrative expenses ( 3,944 ) Total expenses ( 367,762 ) Change in Net Assets Available for Benefits 289,490 Net Assets Available for Benefits, Beginning of Period 2,881,742 Net Assets Available for Benefits, End of Period $ 3,171,232 See accompanying Notes to Financial Statements. 3 CENTERPOINT ENERGY SAVINGS PLAN Notes to Financial Statements December 31, 2025 and 2024 (1) Description of the Plan The following description of the CenterPoint Energy Savings Plan (the Plan) provides only general information. Participants (as defined below) should refer to the Plan document for a more complete description of th

The Company may match, at its discretion, the employee contributions according to the terms of the plan. During the years ended December 31, 2025, 2024 and 2023, the Company made matching contributions of $ 1.6 million, $ 2.2 million and $ 2.2 million to the plan, respectively. 21. SUBSEQUENT EVENTS On January 1, 2026, the Company elected to exercise its option to pay interest in kind of $ 4.6 million on its 2030 Senior Secured Notes. As of December 31, 2025, the accrued interest was recorded within accrued liabilities on the consolidated balance sheets. Interest paid in kind will increase the capitalized principal amount of the 2030 Senior Secured Notes. On January 13, 2026, the Company entered into a new lease for 15,000 square feet of office space in Gurugram, India. The Company will a

December 31, 2023 7,796,644 $ 16 $ 1,198,716 $ ( 42 ) $ ( 772,494 ) $ 485 $ 426,681 Issuance of common stock upon release of restricted stock units 195,168 — — — — — — Issuance of fully vested restricted stock units for employee bonuses (Note 14) 148,072 — 8,114 — — — 8,114 Stock-based compensation — — 21,212 — — — 21,212 Unrealized gain on available-for-sale securities — — — 3 — — 3 Foreign currency translation adjustments — — — 115 — — 115 Contribution from non-controlling interests — — — — — 56 56 Net loss — — — — ( 854,014 ) — ( 854,014 ) Balance as of December 31, 2024 8,139,884 $ 16 $ 1,228,042 $ 76 $ ( 1,626,508 ) $ 541 $ ( 397,833 ) Issuance of common stock upon release of restricted stock units 349,746 1 — — — — 1 Stock-based compensation — — 11,205 — — — 11,205 Foreign currency t

e expenses associated with sales and marketing, research and development, regulatory and related functions. In addition, we expect to continue to manage and reduce our general and administrative expenses associated with scaling our business operations, including legal, audit, additional insurance expenses, investor relations activities and other administrative and professional services. History We were originally known as Star Peak Energy Transition Corp. (“STPK”), which was a special purpose acquisition company that completed its public offering on August 20, 2020. On April 28, 2021 (the “Closing Date”), we consummated a business combination (the “Merger”) pursuant to an Agreement and Plan of Merger by and among STPK, STPK Merger Sub Corp., a Delaware corporation and wholly-owned subsidia