MARILLAC QALICB INC

MARILLAC QALICB'S PRIMARY PURPOSE IS TO FACILITATE THE DEVELOPMENT AND CONSTRUCTION OF A NEW HEALTHCARE FACILITY (THE PROJECT) THAT WILL ENABLE MARILLAC CLINIC TO EXPAND ITS HEALTHCARE SERVICES AND IMPROVE ACCESS TO ESSENTIAL MEDICAL CARE FOR UNDERSERVED POPULATIONS. MARILLAC QALICB WILL ENGAGE IN THE DEVELOPMENT, FINANCING, AND CONSTRUCTION OF A HEALTHCARE FACILITY, DESIGNED TO MEET THE NEEDS OF PATIENTS WHO FACE BARRIERS TO HEALTHCARE ACCESS, INCLUDING ECONOMIC, GEOGRAPHIC, AND SOCIAL CHALLENGES.THIS NEW FACILITY, LOCATED IN GRAND JUNCTION, COLORADO, WILL HOUSE EXPANDED CLINICAL AND SUPPORT SERVICES THAT MARILLAC CLINIC PROVIDES. (CONTINUED ON SCHEDULE O) MARILLAC QALICB'S ACTIVITIES ARE INTEGRAL TO MARILLAC CLINIC'S MISSION OF PROVIDING QUALITY, AFFORDABLE HEALTHCARE SERVICES TO THE COMMUNITY, PARTICULARLY FOR THOSE WITH LIMITED RESOURCES. UPON COMPLETION, MARILLAC QALICB WILL LEASE THE FACILITY TO MARILLAC CLINIC AT A RATE ALIGNED WITH FAIR MARKET VALUE, ENSURING THAT IT CAN SUSTAINABLY SUPPORT MARILLAC CLINIC'S OPERATIONAL NEEDS. THIS LEASING ARRANGEMENT DIRECTLY CONTRIBUTES TO MARILLAC CLINIC'S ABILITY TO EXPAND ITS SERVICES IN THE COMMUNITY WITHOUT INCURRING SIGNIFICANT UPFRONT CAPITAL EXPENDITURES. THIS STRUCTURE WILL ENABLE MARILLAC QALICB TO SUPPORT MARILLAC CLINIC IN FULFILLING ITS TAX-EXEMPT PURPOSE, WHILE REMAINING ALIGNED WITH MARILLAC QALICB'S OWN EXEMPT PURPOSE OF PROMOTING HEALTHCARE ACCESS FOR UNDERSERVED COMMUNITIES. MARILLAC QALICB WILL OVERSEE THE DESIGN AND CONSTRUCTION PHASES OF THE NEW HEALTHCARE FACILITY, ENSURING THE BUILDING MEETS ALL HEALTH, SAFETY, AND REGULATORY STANDARDS. THE FACILITY WILL BE SOLELY USED FOR MARILLAC CLINIC'S CHARITABLE PURPOSES, ALIGNING WITH BOTH ORGANIZATIONS' MISSIONS. MARILLAC QALICB WILL MANAGE ONGOING MAINTENANCE AND CAPITAL IMPROVEMENTS AS NEEDED, ENSURING THE FACILITY CONTINUES TO SERVE ITS INTENDED PURPOSE AND MEETS COMMUNITY HEALTHCARE NEEDS.