Epstein Secrets

019 2.6(6.926 Dec-16 Soybeans lithe Inn Cotton/ Drew. AR May.11 1.218 1.444 208.5w'" gya.zygrea 4.172.034 Dee.15 Rime Coral Soybeans Kane County Farms Come Kane. IL Jun-11 1.617 1.652 101.3115" 35I.164ff e 17,378.877 DoolS Soybeans Thal Coareatidlq Raw nrin$ 4.724 $1,593.738 $ 797.37

.724 $1,593.738 $ 797.377 S 33.11371,167 Derelageneme: Roadrunner Ranch Citrus mare, CA Apr-II & Sep.!! 227 244 $ —Jeer $ 7.150.639 N/A Condor Ranch Mocidos/ Ventura, CA Nov-II & Dec-11 261 785 125.931" 43.20(00 9.542.6(6 Nov-IS Lemons Gawk blind Gnat, . Otrus Okeechobee, Dec.12 451

eing able to renew each of the leases associated with these farms at the same, if not higher rental rates. Our Pleasant Plains Farm, Tillar Farm and Kane County Farms, however, are located in the USDA Corn Belt and Delta regions, both of which have experienced a softening in commodity prices, which may adversely

able and commodity row crop farms, in any given year we may have multiple leases up for renewal or extension. We have nine leases (Sandpiper Ranch, Condor Ranch, Pleasant Plains Farm, lillar Farm and Kane County Farms), with some farms having multiple leases, expiring in 2015 that collectively accounted for

ity The original revolving credit facility is secured by first lien mortgages on our Pleasant Plains, Macomb Farm, Sweetwater Farm, Tillar Farm and Kane County Farms properties, with the loan commitment amount not to exceed 50% of the current appraised value of the farms pledged as collateral. The second revolv

aised value of the farms pledged as collateral. The third revolving credit facility is secured by first lien mortgages on our Kimberly Vineyard 2, Condor Ranch, Roadrunner Ranch, Blue Cypress, Grassy Island Groves properties, with the loan commitment amount not to exceed 50% of the current appraised value o