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December 14, 2020 Project No. 20-6235 Page 3 AdvancedGeo An Employee-Owned Company 1'6.5 1.0. INTRODUCTION AdvancedGeo, Inc. (AGI) has been retained by RAYB Development to perform a Phase I Environmental Site Assessment (Phase I) of the property located at 3009 Pock Lane, Stockton, San Joaquin County, California (hereafter referred to as subject property or property). The Phase I was performed in conformance with the scope and limitations of ASTM Standard Practice E1527-13, the Environmental Protection Agency Standards and Practices for 'All Appropriate Inquiries (AAl)' (40 CFR Part 312). The Phase I is designed to provide the Client (user) with an assessment concerning environmental conditions (limited to those issues identified in the report) as they exist at the subject property. 1.1. PURPOSE The purpose of the Phase I is to identify and assess environmental characteristics of the subject property that could lead to liability in the event of ownership, that could have a potential impact on property value or that could impact the present or future use of the subject property. The purpose of ASTM Standard Practice E1527-13 and USEPA AAI is to define good commercial and customary practice for conducting an environmental site assessment of a parcel of commercial real estate with respect to the range of contaminants within the scope of the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) and petroleum products. As such, this practice is intended to permit a user to satisfy one of the requirements to qualify for the innocent landowner, contiguous property owner, or bona fide prospective purchaser limitations on CERCLA liability: that is, the practice that constitutes all appropriate inquiries into the previous ownership and uses of the property consistent with good commercial and customary practice as defined at 42 U.S.C. §9601(35)(B). An evaluation of business environmental risk associated with a parcel of commercial real estate may necessitate investigation beyond that identified in this practice (based on ASTM Practice E1527-13). The goal of ASTM Standard Practice E1527-13 is to identify recognized environmental conditions (RECs) in connection with the subject property. A REC is defined as 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. Conditions that are determined to be de minimis, which do not present a threat to human health or the environment and that generally would not be the subject of an enforcement action if brought to the attention of appropriate governmental agencies, are not recognized environmental conditions. The standard further identifies historical RECs and controlled RECs. An historical REC (HREC) is a past release of any hazardous substances or petroleum products that has occurred in connection with the property and has been addressed to the satisfaction of the applicable regulatory authority or meeting unrestricted use criteria established by a regulatory authority, without subjecting the property to any required controls. A controlled REC (CREC) is a REC resulting from a past release of hazardous substances or petroleum products that has been addressed to the satisfaction of the applicable regulatory authority, with hazardous substances or petroleum products allowed to remain in place subject to the implementation of required controls.