Modernizing Transaction Advisory
Roll-Up — Advisory Proposal
Emanay · 1221 Brickell Ave · Ste 900 · Miami, FL 33131
Scope of Work — Page 2
Executive Summary
Further to ongoing discussions between Joe & Mark Accardi dba ParkPro & Ambitious International (the "Client") and Emanay, this proposal outlines a comprehensive advisory, operational, financial, legal, and acquisition execution mandate required to design, launch, and scale a multi-park RV / MH Park Roll-Up Platform (the "Program").
The mandate establishes institutional-grade infrastructure across strategy, corporate structure, accounting, financial modeling, legal readiness, operational systems, and transaction execution. The Program is designed to support disciplined acquisition velocity, KPI-driven operational oversight, and long-term scalability across multiple geographies and asset types.
Scope of Work — Page 3
Program Overview
Emanay proposes a comprehensive advisory, operational, financial, legal, and acquisition execution mandate to design, launch, and scale a multi-park RV / MH roll-up platform ("the Program"). The engagement is organized across three major phases:
- Phase I — Engagement Sprint (Foundational Buildout)
- Phase II — Operations, Maintenance + Technology Infrastructure
- Phase III — Park Acquisition And Roll-Up Execution
This framework establishes institutional standards, operational discipline, and full lifecycle transaction execution capability.
The Engagement Sprint Fee includes all:
- Strategic planning and roll-up architecture
- Corporate structuring and governance design
- Full 6-week financial sprint (GAAP, cleanup of ~12 parks, KPI system, modeling, target integration)
- Operational integration and acquisition readiness
- Legal structuring foundational documents
- Project management and coordination
- Portfolio-level PM oversight and KPI development
Phase I — Sprint (60–75 Days)
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Engagement Sprint
The Engagement Sprint creates the full platform architecture required to evaluate, acquire, integrate, and manage RV / MH parks at institutional scale.
i. Strategic Mapping & Corporate Structure Implementation
6-Week Financial Sprint (Included in Engagement Fee)
- Roll-up strategy and capital deployment roadmap
- Entity structure
- Governance and decision-making protocols
- Capital stack architecture
- Operating rhythm and organizational design
ii. Financial Modeling & Accounting Infrastructure
Scope includes:
- Systems setup and financial architecture
- Historical accounting cleanup for all current parks
- GAAP-compliant financial statement preparedness
- Unified KPI framework and portfolio performance metrics
- Forward-looking operational and financial model
- Integration of up to five (5) initial target parks
- Bookkeeping setup and stabilization
- Coordination between accounting, PM, and underwriting functions
The outcome is an institutional-grade, bankable financial backbone.
- General accounting (per park)
- Additional historical cleanup
- Future target integration
* Any target or park outside the Sprint scope will be evaluated and priced within 72 hours.
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iii. Legal Infrastructure (Foundational Setup)
Emanay prepares the Program for immediate acquisition execution following the Sprint.
Attorney Fees — Law Group
Initial structural work included within Engagement Fee. Additional acquisition and financing legal work is billed separately at $500/hr pursuant to Emanay's standard carve-outs.
iv. Operational Integration & Acquisition Readiness
- JV and operating agreements
- Entity-level documentation
- Acquisition-related structural documents
- Transaction readiness documentation
Scope includes:
- Underwriting standards
- Diligence process flows
- Integration protocols
- PM → Accounting → Underwriting workflow design
- Reporting cadence and operational checkpoints
- Platform readiness for Phase III execution
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v. Strategic Operations Advisor — Christian Torres
Christian serves as Strategic Operations Advisor and Director of Property Management, providing operational leadership throughout the Sprint and ongoing portfolio oversight post-Sprint.
A. Sprint Advisory Overview — This covers:
- Daily operational involvement
- KPI and PM system design
- Coordination across 12 parks during accounting cleanup
- Integration of initial target parks
- Operational readiness buildout
- Oversight of PM → Accounting → Underwriting alignment
- Calls and meetings required to operationalize the platform
B. Post-Sprint Advisory Overview — Role & Scope:
- Portfolio-wide operational oversight
- Weekly calls (then monthly once stabilized)
- KPI creation, tracking, and review
- PM accountability
- Coordination with accounting & underwriting
- Post-acquisition integration oversight
Advisory Fees
Sprint Advisory Fee — Phase I: $75,000 (50% due at signing; 50% due upon first successful close.)
Post-Sprint Advisory — Phase II & III: earned as equity
Phase II — Operations & Maintenance + Tech
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Operations & Maintenance + Tech, AI, CRM
Phase II covers all ongoing operational, financial, and legal support required to maintain and scale the Program following the Engagement Sprint.
i. Strategic Mapping & Corporate Structure Maintenance
Ongoing upkeep and refinement of the structural and strategic foundation established during the Engagement Sprint, including:
- Continued alignment with roll-up strategy and capital deployment roadmap
- Ongoing updates to entity structure and SPV hierarchy
- Governance, decision-making protocols, and approvals
- Maintenance of operating rhythm, reporting cadence, and organizational design
- Corporate filings, minute book updates, and institutional compliance
ii. Financial Modeling & Accounting Infrastructure — Ongoing
Scope includes:
- Monthly bookkeeping & reporting (per park)
- KPI updates & portfolio performance monitoring
- Updated forward-looking model
- Integration of newly acquired parks
- Coordination across Accounting, PM & Underwriting
- Investor / lender reporting support
Maintenance and continuous improvement of the accounting and financial systems created in Phase I.
Accounting Fees — Ongoing
General Accounting (per park): $450 – $1,150 / month
Cleanup (if needed): $350 – $750 / month (pricing dependent on # of transactions)
CFO / Controller — Add-on: $6,900 / month
* Any target or park outside the Sprint scope will be evaluated and priced within 72 hours.
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iii. Legal Infrastructure & Corporate Maintenance
Ongoing legal support required to maintain operational readiness, compliance, and portfolio governance.
Core scope includes:
- Drafting and reviewing ordinary-course commercial agreements
- Corporate governance and entity maintenance
- Annual filings and minute book upkeep
- Operational documents, vendor agreements, contractor agreements
Additional Deal-Related Legal Work:
- Acquisition LOIs, purchase agreements, and closing documents
- Debt financing or refinancing documentation
- Equity raise documentation and investor onboarding
- Amendments to governing agreements
- Partial divestitures, sales, or liquidity events
- Any non-ordinary-course legal transactions
Attorney Fees — Ongoing
All additional deal-related legal expenses are billed at $500/hr. Additional acquisition and financing legal work is billed separately at $500/hr pursuant to Emanay's standard carve-outs.
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iv. Operational Oversight & Portfolio Management
Ongoing operational leadership and monitoring of the portfolio. Includes:
- Weekly operational calls during stabilization; monthly thereafter
- KPI tracking, variance review, and performance oversight
- Coordination across PM → Accounting → Underwriting
- Operational discipline and playbook enforcement
- Integration oversight for new acquisitions
- Strategic Operations Advisor (Christian Torres) — role spans PM oversight, KPI management, operational leadership, and portfolio steering
v. Technology & Systems Enhancement — (recommended)
Technology can be layered in after the foundational systems are stabilized. Scope may include:
- CRM implementation and workflow automation
- AI-driven underwriting engine
- Automated deal-scoring logic
- Portfolio dashboards, KPI reporting systems
- Buy-box & inbound lead funnel optimization
Work Fees
CRM & AI Implementation — pricing at Phase II commencement
Work Fee — $5,000, triggered on transaction start, credited toward fees
Professional services exceeding scope billed at $500/hr
* All data structures required for technology integration are fully defined during Phase I.
Phase III — Roll-Up
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Park Acquisition and Roll-Up Execution
Emanay leads all acquisition execution from sourcing to closing.
- Target Evaluation — Financial underwriting; KPI and operational review; Portfolio fit assessment
- Negotiation & LOI Execution — Direct outreach; Term negotiation; LOI drafting and revisions
- Due Diligence — Financial, operational, legal diligence; Coordination of advisors; Diligence reporting
- Capital Stack Execution — Capital stack design and structuring; Lender alignment and requirement preparation; Lender-ready financials, models, and materials; Investor/lender packaging and positioning; Return, leverage, and scenario modeling; Coordination with Client-selected lenders and investors
- Closing & Post-Closing Integration — Drafting/negotiation of definitive agreements; Coordination of schedules and deliverables; Integration oversight after closing
Carve-Outs — These items fall outside percentage-based fees and are billed separately: LOIs, purchase agreements & closing documents; Title, surveys & diligence schedules; Debt/equity financing documentation; Investor onboarding & SPV issuances; Amendments, divestitures & other non-ordinary-course matters.
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Fee Overview
These fees apply to all acquisitions, refinancing, and exits executed under the Roll-Up Engagement on a deal-by-deal basis. Client may participate in select fees pursuant to Emanay standard attribution rules.
| # | Fee | Rate | Detail |
| 1 | Equity Placement Fee | 3% | 3% on equity injections; plus 1.5% annual AUM Fee (investor reporting, capital management) — e.g. Christian's Network |
| 2 | Acquisition Fee | 2% | Payable at closing; split among sourcing and negotiating parties, independent of realtor commissions |
| 3 | Seller Finder's Fee | 3% | Applicable to off-market deals with no listing agent; negotiated into seller side; split among sourcing parties |
| 4 | Debt Placement Fee | 1.5% | Applied on acquisition financing; applied to refinancings during hold period |
| 5 | Divestiture Fee | 3% | Applied to sales, recaps, partial divestitures; realtor commissions deducted before calculation |
| 6 | Property Management Fee | 8% / 5% | 8% of Gross Revenue inclusive of onsite PM and operational oversight; 5% of Gross Revenue if Client uses internal or third-party PM |
| 6 | Asset Management Fee | 1.5% | For expansions, rezoning, value-add initiatives; net of third-party costs |
| 7 | Development Fee | 1.5% | Applied as costs are incurred for major development projects; net of external project-management costs |
| 8 | Equity Participation | 50/50 | Equity structured to maintain a clean, institutional cap table — 50% Emanay (includes Christian), 50% Joe & Mark |
Phase I — Sprint Fees
Engagement Sprint Fee — $75,000 (50% due at signing; 50% due upon first successful close.)
Phase II & III — Operations, Management, Acquisition & Roll-Up Fees
General Accounting — $500–$1,100 (monthly) per park*
Transactional Fees — see fee table above
Emanay Work Fee — $5,000 (transactional professional services exceeding scope billed at $500/hr)
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Next Steps
By signing below, the Client agrees to engage Emanay Advisors and its affiliated professional service entities to provide the services described in this Proposal (the "Engagement").
A deposit in the amount $35,000 is due upon signing of the formal Engagement Letter and shall be credited towards the initial Sprint Phase I.
Joe Accardi
Managing Member
Disclaimer: This proposal does not constitute financial or legal advice. Acceptance of this proposal does not, by itself, establish an attorney-client relationship. A formal attorney-client relationship will only be established upon execution of a signed engagement letter and fulfillment of any applicable requirements.
"At Emanay, we're committed to delivering bespoke advisory solutions with precision and integrity. We look forward to supporting you every step of the way."
— Emanay