867.51 GROSS ACRES PLANTED TO PISTACHIOS AND ALMONDS LOCATED IN SOUTHERN SAN JOAQUIN MUNICIPAL UTILITY DISTRICT

A 867.51 +/- gross acre offering of pistachios and almonds benefiting from surface water from Southern San Joaquin Municipal Utility District (“SSJMUD”) and four ag wells, located in Kern County, CA.

The property is currently planted to 785.19 +/- net acres of pistachios and 37 +/- net acres of almonds.

Of the 822.19 +/- net planted acres, the year planted, planting age (as of 2025) and the varieties are listed directly below:

• 115.5 net planted acres planted to Kerman in 1998 making them 28th leaf.

• 34 net planted acres planted to Kerman in 2003 making them 23rd leaf.

• 48 net planted acres planted to Kerman in 2005 making them 21st leaf.

• 38.5 net planted acres planted to Kerman in 2014 making them 12th leaf.

• 300 net planted acres planted to Kerman in 2021 making them 5th leaf.

• 249.19 net planted acres planted Golden Hills (173.69 acres) and Lost Hills (75.5 acres) in 2022 making them 4th leaf.

• 37 net planted acres planted to Nonpareil and Monterey in 2019 making them 7th leaf.

The entire property is located in and receives a contract allocation from SSJMUD.