1
T ABLE OF CONTENTS 1.1 Executive Summary 1.2 Sellers Rights & Disclaimers 1.3 Regional Map 1.4 American Viticultural Area (AVA) & Weather Station Locations Map 1.5 1.18 Property Overview 1.5 Purchase Price & Terms 1.6 Nearby Cities & Airports 1.7 Property Location & Access 1.8 Vineyards & Crop Production 1.9 Crop Contracts 1.10 Wines of Lodi AVA 1.11 Vineyard Appellation 1.12 Sustainability 1.13 Utilities 1.14 Irrigation Water 1.15 Soils & Topography 1.16 Partial Legal Description, Zoning, Williamson Act, Property Taxes 1.17 Structures 1.18 Weather Station Data-Growing Degree Days (GDD) 1.19 Block Data Summary West 1.20 Block Data Summary East 1.21 Vineyard Production History 1.22 Crop Contract Summary - West & East 1.23 Varietal Map West 1.24 NRCS Soils Map West 1.25 Slope Map West 1.26 Aspect Map West 1.27 Varietal Map East 1.28 NRCS Soils Map East 1.29 Slope Map East 1.30 Aspect Map East 1.31 Ground Photos 1.32 Aerial Photos 1.33 Assessor s Parcel Maps 2 3 4 5 6-9 6 6 6 6 6 6 6 7 7 7 7 8 8 9 10 11 12-15 16 17 18 19 20 21 22 23 24 25 26-30 31-32 1.1 EXECUTIVE SUMMARY 547.7± assessed acres, 457.21± vineyard acres Property is located within the Lodi AVA & Crush District 11 Varietals include: Malbec, Viogner, Petite Sirah, Pinot Gris, Merlot, Petite Verdot, Cabernet Sauvignon, Chardonnay and other various varietals Crop contracts range from 2016 through 2021 Four operating deep wells & drip irrigation Purchase Price: $17,500,000 plus cultural expense reimbursement to close of escrow Note: The Property contains approximately a total of 547.7 assessed acres, of which 2.75 acres are currently under contract for sale. Note: Updated information highlighted in orange (pages 7, 10-16) 2
1.2 SELLERS RIGHTS & DISCLAIMERS Sellers Rights: Seller reserves the right in its sole discretion to accept or reject any offer, terminate negotiations, withdraw the Property from market without notice, amend the price, terms, conditions, and acreages being offered, and negotiate with multiple prospective purchasers concurrently until a definitive, legally binding Purchase and Sale Agreement is fully executed by Seller and Buyer. Seller also reserves the right to accept back up offers until the close of escrow, and have the sale of the Property subject to Seller affecting a 1031 tax exchange for suitable property. Sellers Disclaimers: This Copyrighted Information Memorandum has been prepared for Buyer and Buyers Representative s use in considering the Property for a potential future acquisition, and contains only a general overview of the Property. Although information herein and subsequent information provided are from sources deemed reliable, neither Seller, nor Broker makes any warranties or representations, express or implied, as to the accuracy and completeness of the enclosed Property information. It is Buyers s sole responsibility to conduct an independent investigation and due diligence of the Property and its attributes and characteristics in its entirety. Buyer is strongly advised to use qualified industry professionals to determine the suitability of the Property for Buyers intended use. Buyer is also advised that this Memorandum and Property information is dated, and that changes may have occurred prior to, during, and after the time that this Memorandum was prepared. The Property is being sold in its present As-Is condition, subject to the terms and conditions of a fully executed, definitive Purchase and Sale Agreement. Seller referenced herein include; Principals, Directors, Officers, Board Members, Shareholders, Partners, Associates, Employees, Legal Counsel, Accountants, Agents, Appraisers, Brokerage and Advisory firms, of Seller. Broker Exclusive Representation Rights: Broker London Properties and The Mendrin Group have been granted Exclusive Representation Rights by California Winelands, LLC (Sellers) the Seller for the offering and sale of the Linden Hills located in San Joaquin County, California, U.S.A. Communications, Offering Process, Viewing of Property: All communications, Letters of Intent, Offers, requests for additional copies of this Memorandum, and viewing the Property by appointment only shall be made directly by contacting: Al Mendrin and/or Josh Mendrin. 3
1.3 REGIONAL MAP 4
1.4 AMERICAN VITICULTURAL AREA (AVA) & WEATHER STATION LOCATIONS MAP 5
1.5-1.18 PROPERTY OVERVIEW 1.5 Purchase Price & Terms: $17,500,000 plus cultural expense reimbursement to close of escrow. 1.6 Nearby Cities & Airports: The proximity of the Property to various cities and their local airport phone numbers are as follows; Stockton 22 miles (209-468-4700), Lodi 27 miles (209-369-9126), Modesto 30 miles (209-577-5319), Sacramento 67 miles (916-929-5411), Napa 80 miles (707-253-4300), Vacaville 87 miles (707-469-4600), San Jose 89 miles (408-501-0979), San Francisco 101 miles (650-821- 5000), Sonoma 129 miles (707-938-2444). 1.7 Property Location & Access: The Property is located in two locations, being approximately 0.5 miles apart. Linden West is located on the west side of Escalon Bellota Road, and Linden East is located on the east side of Escalon Bellota Road. The Property (West & East) is located approximately 15 miles east of Highway 99. Site address for Linden West is 23456 East Flood Road, Linden, California 95326. Site address for Linden East is 5307 Escalon Bellota Road, Linden, California 95236. Property tours are by appointment only, please contact The Mendrin Group. 1.8 Vineyards & Crop Production: The Linden Hills Vineyard contains approximately 457.21± net acres of planted winegrape vineyards. The age of the planted vineyard blocks range from 1997 through 2012. Varietals and their respective acreages are as follows; Malbec 101.74, Viogner 63.9, Petite Verdot 62.77, Petite Sirah 57.09, Pinot Gris 43.78, Merlot 40.71, Cabernet Sauvignon 31.46, Chardonnay 10.81, and various other varietals comprising 44.95. Vineyard rows run in both an east-west and north-south direction, with vineyard spacing ranging from 3 x 11 to 8 x 11. The entire vineyard utilizes a wyre-trellis system and is currently spur pruned. Crop production history in Section 1.21B, page 13 & 15 includes Adjusted Tons/Acre due to some blocks being utilized for nursery budwood. (100% of the crop is removed for nursery use) 1.9 Crop Contracts: The Linden Hills Vineyard (457.21± acres) contains grape purchase agreements which range from 2016 through 2021. Refer to 1.22 Crop Contract Summary West & East, page 16 for additional information 1.10 Wines of Lodi AVA: Renown wineries (logos below) who have sourced grapes from the Linden Hills Vineyard include but not are limited to; E & J Gallo Winery, Constellation Wines, and Michael David Winery. 1.11 Vineyard Appellation: The Property is located in Lodi Wine Country, within the Lodi AVA which lies between the San Francisco Bay to the west and the Sierra Nevada Mountains to the east. The Lodi Appellation is known for its classic Mediterranean climate and its distinct sand soils that provide the perfect environment for world class wines. 6
1.5-1.18 PROPERTY OVERVIEW CONT D 1.12 Sustainability: The Lodi Rules for Sustainable Winegrowing is California s first third party-certified program. The Lodi Rules go beyond pest management to promote practices that enhance biodiversity, water quality, air quality, soil health, and employee and community well-being. The Linden Hills Vineyard is farmed according to the Sustainable Winegrowing Lodi Rules practices and has earned a five year sustainability certification. 1.13 Utilities: Power for the residence, domestic well, shop and other uses is provided by Pacific Gas & Electric (PG&E) through power poles and lines located adjacent to and within the vineyard property and shop area. 1.14 Irrigation Water: The Linden Hills Vineyard currently receives irrigation water from four operating onsite wells. Each well provides irrigation water to the vineyard blocks via drip irrigation systems. All wells are powered by diesel motors and combined to produce approximately 3,130± gallons per minute. Pump Test Date: July 7, 2014 (feet) (feet) Gallons Standing Standing Well Ranch Motor Type Motor Make Pump Horsepower per Minute Water Level (2014) Water Level (1998/1999) 1 Linden West Diesel John Deere Johnston 180 1,290 180-2 Linden West Diesel John Deere Ingersoll Dresser 150 890 180 (estimated) 158 3 Linden East Diesel John Deere Fairbanks Morse 100 430 238 221 4 Linden East Diesel John Deere Fairbanks Morse 100 520 226.5 - Total: 3,130 Note: A standing water level reading from Pump #2 was not documented on the pump test dated July 7, 2014. The water level is estimated at the same level as Pump #1 as both pumps are within 200 yards of each other. 1.15 Soils & Topography: The soils on the Property mainly consist of the following; 172 Hicksville Gravelly Loam, 174 Hollenbeck Clay, 219 Redding Loam, 220, 221 Redding Gravelly Loam, 236 San Joaquin Sandy Loam. The topography is generally sloping to rolling in most planted areas. 7
1.5-1.18 PROPERTY OVERVIEW CONT D 1.16 Partial Legal Description, Zoning, Williamson Act, Property Taxes: 2015-2016 Ranch County APN Assessed Acres Section Township Range Zoning Williamson Act Property Taxes Linden West San Joaquin 093-100-18 198.91 19 2 N 9 E AG-40 Yes $25,939.60 Linden West San Joaquin 093-100-21 106.71 20 2 N 9 E AG-40 Yes $11,669.46 Linden East San Joaquin 093-160-03 242.08 17 2 N 9 E AG-160 Yes $21,850.10 Total: 547.7 $59,459.16 For additional information please visit: www.sjgov.org Note: The Property contains approximately a total of 547.7 assessed acres, of which 2.75 acres are currently under contract for sale. 1.17 Structures: Name Construction Roof Foundation Total Square-Feet Residence Wood Composite Concrete Perimeter 1,600 Attached Garage Wood Composite Concrete Perimeter 440 Shop/Office Steel Metal Concrete 3,750 8
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1.19 BLOCK DATA SUMMARY - WEST Block 1.2 W Rootstock: 101-14MG, 1103P, 110R, 3309C, 420A, 5BB, 5C, Freedom Block 2 W Rootstock: 101-14MG, 5BB, 5C, Freedom Total Planted Acres 457.21± Assessed Acres 547.7± Block Varietal Block Acres Spacing Vines Per Acre Trellis Pruning Clone Roostock Date Planted/Grafted Rows Direction 1.1 W Petite Verdot 10.07 4 x 11 990 Wyre Spur 9 5BB 2012 001-31 N-S 1.2 W Viogner 22.38 3 x 11 1,320 Wyre Spur 1 Mix 1990 32-118 N-S 2 W Viogner 15.85 4 x 11 990 Wyre Spur 1 Mix 2005 125-237 N-S 2A W Sangiovese 1.43 4 x 11 990 Wyre Spur 5 101-14MG 2007 238-256 NW-SE 3 W Barbera 4.04 4.5 x 11 880 Wyre Spur 2 Freedom 1997 261-284 N-S 3 W Viogner 10.03 4.5 x 11 880 Wyre Spur 1 5BB, Freedom 2005 285-364 N-S 4 W Petite Sirah 18.16 5 x 11 792 Wyre Spur 3 5BB 2002 352-424 N-S 4 W Merlot 8.59 5 x 11 792 Wyre Spur 15 5BB 2002 425-463 N-S 5 W Pinot Gris 16.15 4.5 x 11 880 Wyre Spur 4 1616C, 5C 2007 469-525 N-S 6 W Petite Verdot 17.04 3 x 11 1,320 Wyre Spur 1 5BB 2012 531-588 N-S 7 W Pinot Gris 11.04 4 x 11 990 Wyre Spur 4 5BB 2007 594-649 N-S 8 W Pinot Gris 11.34 4.5 x 11 880 Wyre Spur 04, 05 Freedom 2007 655-712 N-S 9 W Viogner 15.64 4 x 11 990 Wyre Spur 1 101-14MG 1997 717-833 S-W 10 W Cabernet Sauvignon 31.46 5 x 11 792 Wyre Spur 7 5BB 1998 839-933 SW-NE 11 W Sangiovese 4.28 8 x 11 495 Wyre Spur 02, 04 420A 1998 939-966 SW-NE 12.1 W Petite Sirah 2.92 4.5 x 11 880 Wyre Spur 3 5BB 1998 986-1006 E-W 12.1 W Primitivo 3.02 4.5 x 11 880 Wyre Spur 3 5BB 1998 1007-1021 E-W 12.2 W Malbec 10.31 5 x 11 792 Wyre Spur 04, 06 5C 1998 1027-1070 E-W 13 W Malbec 44 5 x 11 792 Wyre Spur 04, 09 5BB 1998/2012 1076-1170 E-W Total 257.75 10
1.20 BLOCK DATA SUMMARY - EAST Total Planted Acres 457.21± Assessed Acres 547.7± Block Varietal Block Acres Spacing Vines Per Acre Trellis Pruning Clone Roostock Date Planted/Grafted Rows Direction 1 E Petite Sirah 17.99 4 x 11 990 Wyre Spur 3 1103P 2005 001-048 N-S 1 E Petite Verdot 14.14 4 x 11 990 Wyre Spur 2 1103P 2005 49-126 N-S 1 E Pinot Gris 5.25 4 x 11 990 Wyre Spur 52, 05 04 Freedom 2003/2005 127-168 N-S 1 E Malbec 4.98 4 x 11 990 Wyre Spur 12 5BB 2011 169-203 N-S 2 E Petite Sirah 13.25 4 x 11 990 Wyre Spur 3 5BB 2003 210-281 N-S 2 E Mourvedre 0.93 4 x 11 990 Wyre Spur 20, 69 101-14, Sch 2003 282-285 N-S 2 E Tempranillo 5.42 4 x 11 990 Wyre Spur 01, 02, DU 101-14MG 2003 286-309 N-S 2 E Sauvignon Blanc 6.79 4 x 11 990 Wyre Spur 01, 06, 07 420A 2000/2003 310-346 N-S 2 E Cabernet Franc 0.44 4 x 11 990 Wyre Spur 5 5BB 2000 347-349 N-S 2 E Sangiovese 2.89 4 x 11 990 Wyre Spur 2 420A 2000 350-378 N-S 3 E Malbec 25.45 4 x 11 990 Wyre Spur 9 1103P 2010/2011 384-580 N-S 4 E Petite Verdot 21.52 4 x 11 990 Wyre Spur 2 5BB 2010 585-749 N-S 4 E Petite Sirah 4.77 4 x 11 990 Wyre Spur 3 1103P 2009 750-787 N-S 4 E Touriga Nacional 4.14 4 x 11 990 Wyre Spur 2 1103P 2006 788-857 N-S 5 E Malbec 17 4.5 x 11 880 Wyre Spur 09, 10, 12 1103P 2009/2010 863-1003 N-S 6 E Syrah 2.99 4 x 11 990 Wyre Spur No 5BB 2003 1014-1021 N-S 6 E Grenache 3.12 4 x 11 990 Wyre Spur No, 24, RJ 5BB, 1103P, Freedom 2003 1022-1029 N-S 6 E Chardonnay 10.31 4 x 11 990 Wyre Spur mixed SK 2000/2001 1030-1062 N-S 6 E Tannat 5.46 4 x 11 990 Wyre Spur 1 5BB, Sch 1997/2005 1063-1085 N-S 7 E Merlot 32.12 5 x 11 792 Wyre Spur 01, 03, 10, 12 5BB 1999/2000 1101-1227 E-W Total 199.46 Linden West 257.75 Linden East 199.46 Total 457.21 Touriga Nacional is a variety of red wine grape, considered by many to be Portugal s finest. Despite the low yields from its small grapes, it plays a big part in the blends used for ports, and is increasingly being used for table wine. Tannat is a red wine grape, historically grown in South West France in the Madiran AOC. The wine is notable for its very high tannin levels and is often blended with Cabernet Sauvignon, Cabernet franc and Fer to soften the astringency and make it more approachable. 11
1.21A VINEYARD PRODUCTION HISTORY - WEST Updated with 2015 yield data. Projected 2016 2015 2014 2013 2012 2011 2010 Block Varietal Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Notes 1.1 W Petite Verdot 10.07 100.7 10 10.07 54.9 5.5 10.07 40.6 4.0 10.07 10.07 1 1.2 W Viogner 22.38 226.0 10 22.38 174.56 7.8 22.38 158.4 7.1 22.38 249.9 11.2 22.38 266.5 11.9 32.45 199.1 6.1 32.45 277.1 8.5 2 W Viogner 15.85 160.1 10 15.85 141.12 8.9 15.85 129.4 8.2 15.85 227.6 14.4 15.85 133.1 8.4 15.85 190.3 12.0 15.85 122.1 7.7 2A W Sangiovese 1.43 20.0 14 1.43 25.29 17.7 1.43 22.4 15.7 1.43 29.2 20.4 1.43 23.5 16.4 1.43 13.7 9.6 1.43 19.2 13.4 3 W Barbera 4.04 56.6 14 4.04 55.32 13.7 4.04 41.4 10.2 4.04 58.6 14.5 4.04 70.1 17.4 4.04 29.0 7.2 4.04 42.2 10.4 3 W Viogner 10.03 99.8 10 10.03 97.97 9.8 10.03 61.5 6.1 10.03 112.7 11.2 10.03 93.6 9.3 10.03 69.1 6.9 10.03 63.4 6.3 4 W Petite Sirah 18.16 217.9 12 18.16 220.13 12.1 18.16 206.7 11.4 18.16 178.5 9.8 18.16 219.6 12.1 18.16 216.6 11.9 18.16 168.0 9.3 4 W Merlot 8.59 103.1 12 8.59 100.09 11.7 8.59 72.2 8.4 8.59 111.5 13.0 8.59 118.0 13.7 8.59 84.8 9.9 8.59 64.7 7.5 5 W Pinot Gris 16.15 193.8 12 16.15 171.05 10.6 16.15 142.8 8.8 16.15 270.8 16.8 16.15 106.0 6.6 16.15 169.7 10.5 16.15 105.3 6.5 6 W Viogner 17.04 85.1 5.0 17.04 102.8 6.0 6 W Petite Verdot 17.04 187.4 11 17.04 170.19 10.0 17.04 81.7 4.8 17.04 17.04 2 7 W Pinot Gris 11.04 121.4 11 11.04 96.4 8.7 11.04 70.1 6.3 11.04 158.2 14.3 11.04 115.6 10.5 11.04 100.0 9.1 11.04 95.2 8.6 8 W Pinot Gris 11.34 124.7 11 11.34 90.72 8.0 11.34 87.0 7.7 11.34 159.7 14.1 11.34 135.8 12.0 11.34 95.6 8.4 11.34 85.3 7.5 9 W Viogner 15.64 156.4 10 15.64 98.36 6.3 15.64 84.4 5.4 15.64 172.2 11.0 15.64 109.5 7.0 15.64 53.2 3.4 15.64 127.5 8.2 10 W Cabernet Sauvignon 31.46 251.7 8 31.46 223.58 7.1 31.46 167.4 5.3 31.46 261.3 8.3 31.46 312.5 9.9 31.46 223.5 7.1 31.46 244.7 7.8 11 W Sangiovese 4.28 42.8 10 4.28 32.07 7.5 4.28 50.1 11.7 4.28 38.2 8.9 4.28 57.2 13.4 4.28 23.7 5.5 4.28 32.0 7.5 12.1 W Petite Sirah 2.92 35.0 12 2.92 25.77 8.8 2.92 28.3 9.7 2.92 30.0 10.3 2.92 51.6 17.7 2.92 32.7 11.2 2.92 23.2 7.9 12.1 W Primitivo 3.02 39.3 13 3.02 27.26 9.0 3.02 38.5 12.7 3.02 47.0 15.6 3.02 46.6 15.4 3.02 31.8 10.5 3.02 33.5 11.1 12.2 W Malbec 10.31 103.1 10 10.31 107.25 10.4 10.31 30.5 3.0 10.31 72.4 7.0 10.31 112.4 10.9 10.31 62.2 6.0 10.31 87.1 8.4 13 W Malbec 44 462.0 11 10.2 95.47 9.4 10.2 69.6 6.8 10.2 74.6 7.3 10.2 101.4 9.9 10.2 68.4 6.7 10.2 90.0 8.8 13 W Malbec 33.8 316.37 9.4 33.8 229.8 6.8 33.8 309.5 9.2 33.8 33.8 3 13 W Viogner 33.8 289.8 8.6 Linden West Subtotal 257.75 2,702.0 10.5 257.75 2,323.9 9.0 257.75 1,812.8 7.0 257.75 2,561.9 9.9 257.75 2,073.0 8.0 257.8 1,748.5 6.8 257.75 2,073.1 8.0 Notes: (1) 10.1 acres of Viogner were removed and replanted with Petite Verdot in 2012. (2) 17.04 acres of Viogner were removed and replanted with Petite Verdot in 2012. (3) 33.8 acres of Viogner were removed and replaced with Malbec in 2011. (4) Certain sections of budwood are used in Nursery production and therefor fruit is dropped 100%. These acres produce no fruit and should be removed from the tons/acre calculation. The affected acreage is summarized above. 12
1.21B VINEYARD PRODUCTION HISTORY (ADJUSTED) - WEST CONT D Updated with 2015 yield data. Projected 2016 2015 2014 2013 2012 2011 2010 Block Varietal Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Notes Dropped Fruit for Nursery Scion/Testing Purposes (4) 4 3 W Barbera 2.0 0.8 5 W Pinot Gris 7.0 12.2 W Malbec 2.1 Subtotal 2.0 2.9 7.0 New Blocks (See Notes 1-3) 1-3 1.1 W Petite Verdot 10.07 54.9 10.1 40.6 10.1 0.0 10.1 0.0 6 W Petite Verdot 17.04 170.19 17.04 81.7 17.0 0.0 17.04 0.0 13 W Malbec 33.8 229.8 33.8 309.5 33.8 0.0 33.8 0.0 Sutotal 27.11 225.09 60.94 352.1 60.94 309.5 60.94 0.0 33.8 0.0 Adjusted Ton/Acre 257.75 2702.0 10.5 230.6 2098.8 9.1 194.79 1460.7 7.5 193.94 2252.4 11.6 189.81 2073.0 10.9 223.95 1748.5 7.8 257.75 2073.1 8.0 Notes: (1) 10.1 acres of Viogner were removed and replanted with Petite Verdot in 2012. (2) 17.04 acres of Viogner were removed and replanted with Petite Verdot in 2012. (3) 33.8 acres of Viogner were removed and replaced with Malbec in 2011. (4) Certain sections of budwood are used in Nursery production and therefor fruit is dropped 100%. These acres produce no fruit and should be removed from the tons/acre calculation. The affected acreage is summarized above. 13
1.21A VINEYARD PRODUCTION HISTORY - EAST Updated with 2015 yield data. Projected 2016 2015 2014 2013 2012 2011 2010 Block Varietal Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Notes 1 E Petite Sirah 17.99 215.9 12 17.99 172.47 9.6 17.99 144.0 8.0 17.99 186.7 10.4 17.99 254.3 14.1 17.99 178.1 9.9 17.99 133.7 7.4 1 E Petite Verdot 14.14 141.4 10 14.14 97.36 6.9 14.14 113.9 8.1 14.14 153.6 10.9 14.14 144.8 10.2 14.14 140.8 10.0 14.14 114.6 8.1 1 E Pinot Gris 5.25 63.0 12 5.25 36.53 7.0 5.25 39.9 7.6 5.25 51.4 9.8 5.25 82.7 15.8 5.25 33.9 6.5 5.25 55.0 10.5 1 E Viogner 4.98 24.1 4.8 1 E Malbec 4.98 59.8 12 4.98 52.74 10.6 4.98 29.4 5.9 4.98 49.5 9.9 4.98 16.8 3.4 4.98 5 2 E Petite Sirah 13.25 159.0 12 13.25 139.13 10.5 13.25 138.2 10.4 13.25 146.1 11.0 13.25 142.9 10.8 13.25 130.8 9.9 13.25 119.3 9.0 2 E Mourvedre 0.93 14.0 15 0.93 9.5 10.2 0.93 11.6 12.5 0.93 15.8 17.0 0.93 16.9 18.2 0.93 11.0 11.8 0.93 10.3 11.1 2 E Tempranillo 5.42 65.0 12 5.42 49.86 9.2 5.42 38.1 7.0 5.42 51.0 9.4 5.42 61.1 11.3 5.42 24.2 4.5 5.42 29.7 5.5 2 E Sauvignon Blanc 6.79 61.1 9 6.79 40.93 6.0 6.79 46.8 6.9 6.79 51.7 7.6 6.79 70.1 10.3 6.79 27.2 4.0 6.79 31.9 4.7 2 E Cabernet Franc 0.44 5.3 12 0.44 4.5 10.2 0.44 2.5 5.7 0.44 3.7 8.4 0.44 3.0 6.8 0.44 3.7 8.4 0.44 3.2 7.3 2 E Sangiovese 2.89 34.7 12 2.89 22.51 7.8 2.89 40.5 14.0 2.89 28.7 9.9 2.89 56.6 19.6 2.89 34.0 11.8 2.89 27.5 9.5 3 E Viogner 25.45 179.1 7.0 3 E Malbec 25.45 305.4 12 25.45 265.0 10.4 25.45 153.8 6.0 25.45 217.5 8.5 25.45 24.7 1.0 25.45 6 4 E Petite Verdot 21.52 258.2 12 21.52 156.7 7.3 21.52 209.3 9.7 21.52 234.3 10.9 21.52 63.1 2.9 21.52 21.52 7 4 E Petite Sirah 4.77 57.2 12 4.77 57.24 12.0 4.77 43.2 9.1 4.77 37.2 7.8 4.77 50.7 10.6 4.77 43.0 9.0 4.77-0.0 8 4 E Touriga Nacional 4.14 49.7 12 4.14 38.42 9.3 4.14 45.3 10.9 4.14 56.0 13.5 4.14 51.0 12.3 4.14 37.2 9.0 4.14 36.9 8.9 5 E Malbec 17 204.0 12 17 215.92 12.7 17 158.3 9.3 17 130.0 7.6 17 210.3 12.4 17 49.0 2.9 17 9 6 E Syrah 2.99 29.9 10 2.99 18.79 6.3 2.99 25.1 8.4 2.99 23.7 7.9 2.99 26.3 8.8 2.99 22.3 7.5 2.99 22.1 7.4 6 E Grenache 3.12 43.7 14 3.12 35.69 11.4 3.12 36.4 11.7 3.12 44.5 14.3 3.12 59.2 19.0 3.12 53.9 17.3 3.12 32.7 10.5 6 E Chardonnay 10.81 108.1 10 10.81 55.53 5.1 10.81 68.0 6.3 10.81 96.4 8.9 10.81 108.0 10.0 10.81 73.8 6.8 10.81 48.5 4.5 6 E Tannat 5.46 65.5 12 5.46 54.55 10.0 5.46 56.6 10.4 5.46 62.0 11.4 5.46 78.6 14.4 5.46 72.2 13.2 5.46 48.5 8.9 7 E Merlot 32.12 385.4 12 32.12 277.73 8.6 32.12 198.5 6.2 32.12 392.4 12.2 32.12 349.6 10.9 32.12 277.5 8.6 32.12 233.2 7.3 Linden East Subtotal 199.46 2626.8 13.5 199.5 1801.10 9.0 199.5 1599.4 8.0 199.5 2032.2 10.2 199.46 1870.65 9.38 199.46 1212.6 6.08 199.46 1150.3 5.77 Notes: (5) 4.99 acres of Viogner were removed and replaced with Malbec in 2011. (6) 25.2 acres of Viogner were removed and replaced with Malbec in 2011. (7) 21.52 acres of various varietals were removed and replaced with Petite Verdot in 2010. (8) 4.77 acres of Petite Sirah were planted in 2009. (9) 15.03 acres of various varietals were removed and replaced with Malbec in 2010. (10) Certain sections of budwood are used in Nursery production and therefor fruit is dropped 100%. These acres produce no fruit and should be removed from the tons/acre calculation. The affected acreage is summarized above. 14
1.21B VINEYARD PRODUCTION HISTORY (ADJUSTED) - EAST CONT D Updated with 2015 yield data. Projected 2016 2015 2014 2013 2012 2011 2010 Block Varietal Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Notes Dropped Fruit for Nursery Scion/Testing Purposes (10) 10 3 1 E1 E Pinot Gris 2.6 2.6 2 E Sauvignon Blanc 3.0 1.2 3 E Malbec 12.6 7.6 4 E Petite Sirah 1.0 4 E Touriga Nacional 0.8 6 E Tannat 1.1 7 E Merlot 8.9 8.9 7.0 27.1 23.1 7.0 New Blocks (See Notes 5-9) 5-9 1 E1 E Malbec 5.0 29.4 4.99 49.5 5.0 16.8 5.0 3 E Malbec 25.2 153.8 25.2 217.5 25.2 24.7 25.2 4 E Petite Verdot 21.5 234.3 21.52 63.1 21.5 0 21.5 21.52 5 E Malbec 15.03 130 15.0 210.3 15.0 49.0 15.03 51.7 417.5 66.7 460.1 66.7 251.8 66.7 49.0 36.6 0.0 Adjusted Tons/Acre 199.5 2626.8 13.5 199.5 1801.1 9.0 120.6 1181.9 9.8 109.6 1572.1 14.3 125.7 1618.9 12.9 132.7 1163.6 8.8 162.9 1150.3 7.1 Notes: (5) 4.99 acres of Viogner were removed and replaced with Malbec in 2011. (6) 25.2 acres of Viogner were removed and replaced with Malbec in 2011. (7) 21.52 acres of various varietals were removed and replaced with Petite Verdot in 2010. (8) 4.77 acres of Petite Sirah were planted in 2009. (9) 15.03 acres of various varietals were removed and replaced with Malbec in 2010. (10) Certain sections of budwood are used in Nursery production and therefor fruit is dropped 100%. These acres produce no fruit and should be removed from the tons/acre calculation. The affected acreage is summarized above. Projected 2016 2015 2014 2013 2012 2011 2010 Block Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA Acres/Tons/TPA West Adjusted Subtotal 257.75 2702.0 10.5 230.6 2098.8 9.1 194.8 1460.7 7.5 193.9 2252.4 11.6 189.8 2073.0 10.9 224.0 1748.5 7.8 257.8 2073.1 8.0 East Adjusted Subtotal 199.46 2626.8 13.5 199.5 1801.1 9.0 120.6 1181.9 9.8 109.6 1572.1 14.3 125.7 1618.9 12.9 132.7 1163.6 8.8 162.9 1150.3 7.1 Adjusted Total 457.21 5328.8 11.7 430.1 3899.9 9.1 315.4 2642.6 8.4 303.5 3824.5 12.6 315.5 3691.9 11.7 356.7 2912.1 8.2 420.7 3223.4 7.7 15
1.22 CROP CONTRACT SUMMARY - WEST & EAST Updated. Brix Varietal Block Acres Price Per Ton Bonus Winery Term Evergreen 2016 2017 2018 2019 2020 2021 Barbera 4 $400 Yes A 2016 Yes Cabernet Sauvignon 31 $495 Yes A 2016 Yes Chardonnay 10 $400 No A 2016 Yes Malbec 39 $635 Yes A 2016 Yes Malbec 30 $635 Yes A 2020 No Malbec 34 $635 Yes A 2020 No Merlot 40 $400 Yes A 2016 Yes Petite Sirah 18 $700 Yes B 2016 Yes Petite Sirah 39 $585 Yes A 2016 Yes Petite Verdot 14 $585 Yes A 2016 Yes Petite Verdot 22 $635 Yes A 2017 Yes Petite Verdot 27 $635 Yes A 2021 No Pinot Gris 44 $575 No A 2017 Yes Sauvignon Blanc 7 $450 No A 2016 Yes Tannat 5.5 $700 Yes B 2016 Yes Tempranillo 5.5 $485 Yes A 2016 Yes Touriga Nacional 4 $585 Yes A 2016 Yes Viogner 64 $450 Yes A 2016 Yes 438 Uncontracted Cabernet Franc 0.5 $900 Yes Contract year to year Grenache 3 $900 No Contract year to year Mourvedre 1 $725 No Contract year to year Sangiovese 8.5 $400 Yes Contract expired in 2015 - currently negotiating renewal Syrah 3 $350 Yes Contract expired in 2015 - currently negotiating renewal Zinfandel 3 $550 Yes Contract expired in 2015 - currently negotiating renewal 19.0 457 16
1.23 VARIETAL MAP - WEST 17
1.24 NRCS SOILS MAP - WEST 18
1.25 SLOPE MAP - WEST 19
1.26 ASPECT MAP - WEST 20
1.27 VARIETAL MAP - EAST 21
1.28 NRCS SOILS MAP - EAST 22
1.29 SLOPE MAP - EAST 23
1.30 ASPECT MAP - EAST 24
1.31 GROUND PHOTOS 25
1.32 AERIAL PHOTOS 26
1.32 AERIAL PHOTOS CONT D 27
1.32 AERIAL PHOTOS CONT D 28
1.32 AERIAL PHOTOS CONT D 29
1.32 AERIAL PHOTOS CONT D 30
1.33 ASSESSOR S PARCEL MAPS 31
1.33 ASSESSOR S PARCEL MAPS CONT D 32