20485 AVENUE 21 1/2
CHOWCHILLA, CA 93610

The five (5) Madera County ranches are located as follows: Fairmead School Block is located on Avenue 23 between Road 19 1/2 and Road 20 in Chowchilla, CA. Fairmead Long Rows Ranch is located on Avenue 22 1/2 between Road 20 1/2 and Avenue 22 in Chowchilla, CA. Golden State Ranch is located off of Golden State Boulevard just south of Avenue 21 in Chowchilla, CA. The Marchini and SSB Ranch are located on Road 20 1/2 between Avenue 22 and Avenue 21 1/2 in Chowchilla, CA. The ranches can be purchased all together or separately. The properties are being sold on an AS-IS, WHERE-IS'' basis. Any sale of the Subject Properties, or any portion thereof, is subject to the Court's approval, and any such sale shall be subject to overbids and an auction at the hearing on any such proposed sale (Sale Hearing''). See attachment for additional information. +/-557.61 Acre Five Rivers Almond Ranches - Madera County, CA Location The five (5) Madera County ranches are located as follows: Fairmead School Block is located on Avenue 23 between Road 19 1/2 and Road 20 in Chowchilla, CA. Fairmead Long Rows Ranch is located on Avenue 22 1/2 between Road 20 1/2 and Avenue 22 in Chowchilla, CA. Golden State Ranch is located off of Golden State Boulevard just south of Avenue 21 in Chowchilla, CA. The Marchini and SSB Ranch are located on Road 20 1/2 between Avenue 22 and Avenue 21 1/2 in Chowchilla, CA. Size +/-557.61 Assessed Acres Plantings All ranches are planted to Almonds. +/-74.5 Acres - Fairmead School Block - $1,615,607 Planted to +/-32.5 Acres Nonpareil; +/-16.5 Acres Monterey and +/-16.5 Acres Wood Colony. All trees are 9-years-old. +/-36.66 Acres - Fairmead Long Rows Ranch - $861,510 Planted to +/-22.5 Acres Nonpareil; +/-13.75 Acres Monterey and +/-8.75 Acres Wood Colony. All trees are 9-years-old. +/-71.61 Acres - Golden State Ranch - $1,511,000 Block 1: Planted to +/-6 Acres of Mission; +/-6 Acres of Ruby and +/-6 Acres of Butte. All trees are 26-years-old. Block 2: Planted to +/-5 Acres of Mission; +/-5 Acres of Ruby and +/-5 Acres Butte. All trees are 17-years-old. Block 3: Planted to +/-10 Acres Nonpareil and +/-10 Acres Carmel. All trees are 21-years-old. Block 4: Planted to +/-6.5 Acres Nonpareil and +/-6.5 Acres Monterey. All trees are 9-years-old. +/-198.57 Acres - Marchini Ranch - $4,176,000 Block F1 North: Planted to +/-19.5 Acres Nonpareil; +/-9.75 Acres Carmel and +/-9.75 Acres Monterey. All trees are 11-years-old. Block F1 South: Planted to +/-19.5 Acres Nonpareil; +/-9.75 Acres Carmel and +/-9.75 Acres Monterey. All trees are 13-years-old. Block F2 North: Planted to +/-39 Acres Butte/Padre. All trees are 21-years-old. Plantings (Continued) Marchini Ranch (Continued) Block F2 South: Planted to +/-39 Acres Butte/Padre. All trees are 25-years-old. Block F6: Planted to +/-20 Acres Nonpareil; +/-10 Acres Monterey and +/-10 Acres Wood Colony. All trees are 8-years-old. +/-174.57 Acres - SSB Ranch - $4,872,000 Block F1-B3: Planted to +/-20 Acres Nonpareil; +/-10 Acres Monterey and +/-10 Acres Wood Colony. All trees are 7-years-old. Block F1 - B1&2: +/-41 Acres of Open Land Block F1-B4 North: Planted to +/-40 Acres Nonpareil; +/-20 Acres Monterey and +/-20 Acres Wood Colony. All trees are 7-years-old. Water Fairmead School Block is not located within a water district, but is part of County of Madera GSA. It has one (1) ag well. Fairmead Long Rows Ranch is not located within a water district, but is part of County of Madera GSA. It has one (1) ag well. Golden State Ranch is located in Madera Irrigation District and part of Madera Irrigation District GSA. It has one (1) ag well. The Marchini and SSB Ranches are located in Madera Irrigation District and part of Madera Irrigation District GSA. There are a total of four (4) ag wells between the two ranches. Soil Soil information available upon request. Legal Madera County APNs: 027-202-008-000, 027-202-006-000, 027-202-032-000, 027-202-040-000, 027-202-007-000, 027-103-005-000, 027-103-007-000, 027-171-001-000, 027-172-014-000, 027-172-015-000, 027-172-011-000, 027-171-002-000, 029-090-009-000 and 029-030-001-000 Groundwater Disclosure Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website at www.sgma.water.ca.gov/portal/. Remarks The properties are being sold on an "AS-IS, WHERE-IS" basis. Any sale of the Subject Properties, or any portion thereof, is subject to the Court's approval, and any such sale shall be subject to overbids and an auction at the hearing on any such proposed sale ("Sale Hearing").

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