Asset Evaluation Services, LLC Construction Pay Application System Founded 2008 New Orleans, Louisianna Paul R. Pablovich and Penny Pounds founded AES in 2008. At the height of the mortgage crisis. The city of New Orleans was still in turmoil from Hurricane Katrina, which inundated the city with flood waters in 2005. As a result of these two events, the residential construction industry was in shambles. Financial Institutions, Builders, and Municipalities were finding it increasingly difficult to manage and asses building and renovation requests. Mr. Pablovich worked closely with a local bank and its management staff to devise a solution. Some of these individuals are clients to this day. We didn’t build AES overnight. It continues to be improved based on thousands of hours of conversations with Lenders, Builders, and Borrowers. AES was the first to market with a secure remote site analytic tool. We are the only company in this space that provides a DocuSign-verified Project Review free of charge. With optional Pay Application DocuSign approval on submitted reports at no additional charge. Our software platform allows Lenders, Builders, and Bowers access to their entire portfolio of projects in perpetuity. Our service is based on a per-project fee. Allowing for precise and consistent invoice management and disclosures. AES Statistics Total Monitored to date: $2,026,056,642.27 Total User Base: 5,867 Lending Institutions: 52 Commercial Lenders: 417 Mortgage Institutions: 17 Mortgage Lenders: 90 Professional Builders: 1,352 Borrowers: 3,939