Extraordinary Central Coast Development Opportunity

Windfall consists of 724 contiguous acres of rolling terrain in the up-and-coming Paso Robles American Viticulture Area (“AVA”), which was voted the “Best Wine Region” for 2023 in USA Today. The Company acquired this ranch in 2009 through an agreement assigning all ownership interest in Windfall to LMNR. Because of its good water resources LMNR has developed 389+/- acres of high quality wine grapes. There is substantial infrastructure built on the property from previous equestrian activities utilizing approximately 92+/- acres. Buildings include a luxury residence and multiple high-quality barns, all well suited to alternate uses. Windfall has seven wells, four of which are currently operating and three more are bored and cased. There is a substantial aquafer with approximately 7,000 gallons per minute of available water. Additionally, the property has an approved subdivision plan for the entire property for 76 buildable parcels, each approximately 10 acres in size. Title for each parcel had been reviewed by LMNR counsel with no deficiencies found.