+/-137 Acres

3470 Wilshire Blvd., Suite 1020, Los Angeles, CA 90010 I Tel: 213-365-005 Fax: 213-365-0405 I www.gidllco.com

CONFIDENTIAL OFFERING MEMORANDUM SNOW ROAD: : BAKERSFIELD, CA

A Land Development Company

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SNOW RD 68 Lots

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TRACT 6419 111 Lots (Woodside Homes

– 10,000 SF)

106 Lots (Lennar Homes –

6.000SF)

7TH STANDARD RD

TRACT 7235 Kern Land Partners LLC

254 Lots

TRACT 6766

321 Lots

TRACT 6858

86 Lots

TRACT 6861

78 Lots

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BIDART BROS. PROPERTIES

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+/-137 Acres

This Confidential Offering Memorandum (the “Memorandum”) has been prepared by Global Investment & Development, LLC (the “Company”) for distribution to a limited number of parties and does not necessarily purport to be all-inclusive or to contain all of the information that prospective investors may need or desire, nor does it purport to provide an accurate summary of the Company or any of the documents related thereto. No representation is made by Global as to the accuracy or completeness of the information contained herein, and nothing contained herein is, or shall be relied on, as a promise or representation as to the future performance of the Program. Although the information contained herein is believed to be correct, Global and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Memorandum or any other written or oral communication transmitted or made available to the recipient.

The Memorandum does not constitute a representation that there has not been a change in the business or affairs of the Company since the date of preparation of the Memorandum. Analysis and verification of the information contained in the Memorandum is solely the responsibility of the prospective investor.

The Company expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers regarding an investment in the Program and /or terminate discussions with any entity at any time with or without notice or without any liability.

THIS CONFIDENTIAL OFFERING MEMORANDUM AND THE CONTENTS, EXCEPT SUCH INFORMATION WHICH IS A MATTER OF PUBLIC RECORD OR IS PROVIDED IN SOURCES AVAILABLE TO THE PUBLIC, ARE OF A CONFIDENTIAL NATURE.

BY ACCEPTING THE CONFIDENTIAL OFFERING MEMORANDUM, YOU AGREE THAT YOU WILL HOLD AND TREAT IT IN THE STRICTEST CONFIDENCE, THAT YOU WILL NOT PHOTOCOPY OR DUPLICATE IT, THAT YOU WILL NOT DISCLOSE THE MEMORANDUM OR ANY OF THE CONTENTS TO ANY OTHER ENTITY, EXCEPT THAT THE INFORMATION MAY BE DISCLOSED TO YOUR LEGAL AND FINANCIAL CONSULTANTS WHO AGREE TO KEEP SUCH INFORMATION CONFIDENTIAL AND WHO NEED TO KNOW THE INFORMATION FOR PURPOSES OF EVALUATION OF THE PROGRAM, WITHOUT THE PRIOR WRITTEN AUTHORIZATION OF THE COMPANY, AND THAT YOU WILL NOT USE THE MEMORANDUM OR ANY OF THE CONTENTS IN ANY FASHION OR MANNER DETRIMENTAL TO THE INTEREST OF THE COMPANY. YOU HEREBY AGREE TO RETURN THE MEMORANDUM TO GLOBAL UPON WRITTEN REQUEST BY GLOBAL.

If you have any question, please contact:

Aaron Rivani, Principal

Mobile: 213-200-2890

Email: arivani@gidllco.com

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All Matters contained herein are confidential.

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PROJECT DESCRIPTION

The property is generally located north of Snow Road and east of Coffee Road in Northwest Bakersfield, County of Kern in California. The property comprised of 5 assessor parcel numbers totaling +/- 137 Acres. Seller is in currently processing tentative tract maps for approximately 468 single family lots and a dedication for a park and a drill site.

All Matters contained herein are confidential.

Assessor Parcel Number: 492-080-24 18.81 Ac 492-080-27 23.57 Ac 492-080-28 13.87 Ac 492-080-29 75.20 Ac 492-080-41 10.14 Ac Total Gross Acreage per APN Map: 141.59 Total Acreage per Seller: +/-137 Acres Property Condition: The subject site is currently in an unimproved condition but Seller is processing tentative tract maps.

Subject Property

492-060-11 79.26 Ac

492-090-01 19.30 Ac

492-090-24 18.67 Ac

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7th Standard Rd

Snow Rd

Subject Site

+/-137 Acres

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All Matters contained herein are confidential.

Subject Property

492-060-11 79.26 Ac

492-090-01 19.30 Ac

492-090-24 18.67 Ac

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Subject Site

137 Acres

Snow Rd

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ASSESOR PARCEL MAP

Not a part of the Acquisition, Seller currently processing Lot Line Adjustments to exclude these portions.

+/-137 Acres

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PROPOSED ENTITLEMENT

All Matters contained herein are confidential.

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TTM 7264 10,000 SF LOTS

Phase 1 29

Phase 2 40

Phase 3 27

Total 96 lots

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SNOW ROAD

TTM 6968 6,000 SF LOTS

Phase 1 82

Phase 2 84

Phase 3 42

Phase 4 84

Phase 5 80

Total 372 lots

GRANDY ST

PG&E Easement

+/-137 Acres

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AERIAL MAP – CLOSE UP

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SNOW ROAD

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Seller shall be responsible to obtain Vesting Tentative Tract Maps for approximately 468 single family lots and deliver it to Buyer prior to close of escrow.

Proposed

Tract 7264 10,000 SF Lots

96 Lots

Proposed

Tract 6968 6,000 SF Lots

372 Lots

Proposed LOT “A”

PARK +/- 12 Acres

Proposed DRILL SITE

6 Acres

+/-137 Acres

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DEVELOPMENT MAP

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All Matters contained herein are confidential.

AS OF 8-6-2014

+/-137 Acres

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INVESTMENT SUMMARY

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Acquisition Status:

Global is in escrow to purchase the property. The Acquisition price has been established at $9,500,000 or +/-$20,000 per lot. A cash-flow proforma shall be provided for further evaluation of the property. Location & Entitlement:

The subject property is located in the Northwest quadrant of Bakersfield, the hottest market in the entire City. It is situated in an area with existing (new) and future residential developments. Utilities are immediately available to the site and it is accessible through Snow Road. The Seller, at its own cost is currently processing Tentative Tract Maps for approximately 468 single family lots, Lot Line Adjustments plus a park dedication and a drill site. Future Plans:

Immediately following the acquisition of property, Global’s intent is to obtain approval of the improvement plans (water, sewer, drainage, landscaping, street, block walls, etc.) and get the property ready to a recordable stage for the prospective homebuilder/s. Furthermore, Global shall be looking into the improvement of the surrounding arterial streets and the mass grading of the entire site or possible blue-top Phase 3 of Tract 7264 and Phase 5 of Tract 6968 subject to the market condition. Additional Remarks:

Majority of the public and regional homebuilders are currently acquiring paper lots (TTMs) with no improvement plans since there are not much availability of semi-finished nor finished lots in the NW to be acquired by the homebuilders.

+/-137 Acres

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TTM Maps

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All Matters contained herein are confidential.

Proposed TTM Maps from Smith Tech