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Califia LLC River Islands Phase 2 5044.000.008 Phase I Environmental Site Assessment 5100 West Stewart Road —The interior of the residence contained no furniture or appliances, and had the walls and insulation stripped. Household debris was found inside the residence and basement. There were several abandoned vehicles near the residence. 3.5 ASBESTOS-CONTAINING MATERIALS AND LEAD-BASED PAINT An asbestos and lead-based paint survey was not conducted as part of this assessment. Given the age of the existing structures, it is conceivable that asbestos-containing materials and lead- based paint materials may exist within the structures. 4.0 INTERVIEWS Mr. Ramon Batista of Califia LLC completed environmental site questionnaires pertaining to Client-related and Key Site Manager-related applicable environmental information regarding the Property. In the questionnaires, Mr. Batista did not identify potentially environmentally related issues with the Property. The questionnaires are presented in their entirety in Appendix G. A summary is provided below. Mr. Batista is unaware of commonly known, reasonably ascertainable, or specialized knowledge indicative of releases or threatened releases that is material to the potential presence of Recognized Environmental Conditions. Mr. Batista has indicated that the purchase price of the Property is reflective of fair market value of the Property. 5.0 LIMITATIONS AND SCOPE 5.1 PURPOSE OF PHASE I ENVIRONMENTAL SITE ASSESSMENT This assessment was performed at the request of Califia LLC for the purpose of environmental due diligence during property acquisition. The objective of this phase I environmental site assessment is to identify Recognized Environmental Conditions (RECs) associated with the Property. As defined in the ASTM Standard Practice E1527-13, an REC is "the presence or likely presence of any hazardous substances or petroleum products in, on, or at a property: (1) due to release to the environment; (2) under conditions indicative of a release to the environment; or (3) under conditions that pose a material threat of a future release to the environment." 5.2 DETAILED SCOPE OF SERVICES The scope of services performed included the following: • A review of publicly available and practicably reviewable standard local, state, tribal, and federal environmental record sources. • A review of publicly available and practicably reviewable standard historical sources, aerial photographs, fire insurance maps and physical setting sources. • A reconnaissance of the Property to review site use and current conditions. The reconnaissance was conducted to check for the storage, use, production or disposal of hazardous or potentially hazardous materials. ENGEO Page 111 March 12, 2020 Expect Excellence-