Escrow Funding & Joint Escrow Instr (11)ESCROW FUNDING AND HOLDBACK AGREEMENT AND
JOINT ESCROW INSTRUCTIONS
File Number: 2664882 (referred to herein as the "File")
This Escrow Funding and Holdback Agreement and Joint Escrow Instructions (hereafter the
"Agreement") is made and given by the City of La Quinta, California, a California municipal
corporation and charter city (the "City"), and TBERE Acquisition Co 11 LLC, a Delaware limited
liability company ("Turnbridge") (the City and Turnbridge being referred to herein together as
"Funders") for the benefit of STEWART TITLE GUARANTYCOMPANY and STEWART
TITLE OF CALIFORNIA, INC. (collectively referred to hereafter as "Title Company"),
1. Title Company has issued preliminary reports (the "PTRs") with respect to the Properties listed
on Exhibit "A" attached hereto and incorporated herein by reference (referred to hereafter as the
"Land"), and contemplates possibly issuing an owner's title insurance policy to SilverRock Hotel
Owner LLC, a Delaware limited liability company, SilverRock IA Condo Owner LLC, a Delaware
limited liability company, and SilverRock IA-Resi Owner LLC, a Delaware limited liability company,
and SilverRock. 113 Resi. Owner LLC (collectively, the "Owners") and a lender's title insurance policy
to SCFTRODER TAFT-HARTLEY INCOME REIT HOLDINGS 111, LLC, a Delaware limited liability
company ("Lender") (together, the "Policies"). The Owners are affiliates of Tumbridge, which is the
purchaser of the Land under a contract with SilverRock Development Company, LLC and affiliates (the
"Debtors"), who are debtors in an administratively consolidated chapter 11 bankruptcy case pending in
-the United States 'Bankruptcy Court for the District of Delaware in the Debtors' administratively
consolidated chapter I I bankruptcy case, no. 24-11647 (MFW) (the "Bankruptcy Case"). The Lender is
anticipated to be a lender to the Owners effective as of a closing of the proposed sale. The City is a
party in interest and the debtor -in -possession lender to the Debtors in the Bankruptcy Case.
2. Exceptions that otherwise would have been made have, been omitted by the Title Company from
the Policies, for the pending mechanic's liens and associated notices of pendency of action/lis pendens,
identified in Exhibit "�B" attached hereto (collectively, the "Excepted Mechanics Liens"), Additionally,
and as identified in Exhibit "B" attached hereto, there is (a) an unrecorded lease with certain terms,
covenants, conditions and provisions set forth therein as disclosed by the document entitled "Quitclaim
Deed & Memorandum of Ground Lease" recorded October.25, 2021, as Recording No. 2021-0628129
of Official Records (the "Unrecorded Ground Lease"); and (b) a pending appeal filed by that certain
creditor in the Bankruptcy Case, Construction Loan Services 11, LLC d/b/a Builders Capital ("Builders")
of that certain order in the Bankruptcy Case, entered October 23, 2025, entitled Order (1) Approving the
Sale of Assets to the Successful Bidder Free and Clear of all Claims, Liens, Interests, and
Encumbrances; (11) Approving the Consensual Termination or Rejection of Ground Leases, Effective as
of the Closing Date; (III) Approving Form of Grant Deed, and (IV) Granting Related Relief, Docket
No. 759 in the Bankruptcy Case (referred to herein as the "Bankruptcy Court Sale Order," and Builders'
appeal of said order is referred to as the "Bankruptcy Court Sale Order Appeal"'), each of which have
been omitted from the Policies. The Unrecorded Gound Lease is cited in arguments by Builders in the
Bankruptcy Court Sale Order Appeal, Collectively, for purposes of this Agreement, the Excepted
Mechanic's Liens, Unrecorded Ground Lease, and Bankruptcy Court Sale Order Appeal, all as identified
and listed in Exhibit B hereto, are referred to as the "Identified Risks".
3. Fenders have requested the issuance by Title Company of the Policies covering the Land, as
more particularly set forth therein.
4. To induce the Title Company to issue any Policies, Funders, solely to the extent provided in this
Agreement, have agreed to cause the opening of an escrow (the "Escrow") and to fund said Escrow with
fiands to be available for Title Company to draw upon for the satisfaction or settlement of claims arising
from Identified Risks, as well as expenses and charges actually incurred for attorney's fees, costs, and
expenses of litigation resulting from the Identified Risks (the "Authorized Litigation Expenses").
Authorized Litigation Expenses expressly includes amounts needed and used, if any, to obtain
settlements, releases, and/or dismissals of any claims or causes of action, or threatened (in writing)
claims or causes of action, resulting from the Identified Risks. The Escrow shall be established and
administered by Stewart Title of California, Inc. (Palm Desert, CA office) (the "Escrow Holder"),
Concurrently with the complete execution of this Agreement, Funders shall deliver this Agreement (and
any SUpplernentaljoint instructions) to Escrow Holder, who shall thereafter open the Escrow promptly
but no later than three (3) business days after receipt of this.Agreement executed by Funders. Upon
written confirmation of the opening of the Escrow by Escrow Holder, each of the Funders shall
thereafter deposit with Escrow Holder one half(1/2) of the "Total Deposit Amount" pursuant to
Paragraph 5 below,
5. To Secure the ability for payment of Authorized Litigation Expenses resulting from the.
Identified Risks, Funders shall deposit with the Escrow Holderjor, the sole benefit of the Title Company
to be used in the manner set forth herein, the sum of SEVEN HUNDRED FIFTY THOUSAND AND
00/100 DOLLARS ($750,000.00) (the "Total Deposit Amount"), which shall be funded fifty-fifty
(50/50) by each of the Funders according to the following amounts: Three Hundred Seventy Five
Thousand Dollars ($375,000.00) (the "Total City Deposit Amount") from the City and Three Hundred
Seventy Five Thousand Dollars ($375,000,00) frorn Turnbridge or Owners (the "Total Tu rn bridge
Deposit Amount"). After Escrow Holder notifies Funders that the Escrow has been opened, Funders
shall coordinate the delivery of the Total Deposit Amount promptly and no later than two (2) business
days from receiving notification oftbe Escrow being opened.. City shall deposit the Total City Deposit
Amount into the Escrow by wire transfer, and TUrnbridge shall deposit the Total Tu-inbridge Deposit
Amount by wire transfer, and City and Tunbridge shallensure each of their respective deposits are
received by the Escrow Holder within the time set forth above. If one of the Funders fails to timely
deposit its portion. of the Total Deposit Amount, the other Funder may withdraw its portion of the Total
Deposit Amount if that portion had been received by Escrow. All funds deposited into the Escrow shall
be in a separate and segregated interest -bearing account maintained by the Title Company and
administered by the Escrow Holder. Interest shall be added to the Fund (as hereinafter defined) and may
be used in the same manner as the Fund. The aforesaid Total Deposit Amount, and all interest earned
thereon, are referred to hereinafter as the "Fund." The purpose of the Fund is to provide a source of
liquidity and available moneys for Title Company to draw upon to pay for Authorized Litigation
Expenses, if any. Title Company is hereby authorized to use the Fund to pay for said costs and expenses
of any Authorized Litigation Expenses. Title Company shall (i) keep Funders reasonably informed of
the commencement and status of any Authorized Litigation; and (ii) notify Funders in writing of each
draw from the Fund no later than the date which is three (3) business days prior thereto and with a
description of the applicable expenditures which such funds will be used to pay,
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6. The Escrow shall close and any amounts remaining in the Fund less customary costs and fees
for servicing and closing the Escrow, shall be returned to Funders, pro-rata based on. the amount of
funds actually contributed by each Funder, within three (3) business days following the first to occur of:
(a) the date on which the BankrLIPtCy Court Sale Order becomes a "Final Order" (as defined below), or
(b) the date that is two (2) years after the effective date of the i.SSLiance ofthe Policies(the "Escrow
Closing Date"). The "Term" of this Agreement shall commence on the date of full execution by
Funders of this Agreement and shall terminate on the Escrow Closing Date (provided the balance
remaining in the Fund has been. received by Funders by the time the Escrow closes). "Final Order"
means an order, ruling, judgment, or other decree issued and entered by the Bankruptcy Court or by any
state or other federal court or other court of competent jurisdiction. which has not been reversed, vacated,
stayed, modified or amended and as to which either (i) the time to appeal or petition for review,
rehearing, certiorari, re -argument or retrial has expired and as to which no appeal or petition for review,
rehearing, certiorari, re -argument or retrial is pending, or (ii) any appeal or petition for review,
rehearing, certiorari, re -argument or retrial has been finally decided and no -.further appeal or petition for
review, rehearing, certiorari, re -argument or retrial can be taken.
7. Upon the written request by Funders jointly, or the City or Turnbridge individually, Escrow
lJolder shall deliver an accounting of the Fund. to ensure any and. all amounts drawn by Title Company
have been and/or are scheduled to be used for Authorized Litigation Expenses. Any request for an
accounting shall not be more fi-equent that once a month,. and Escrow Holder may deliver any
accounting to Funders by electronic mail or other available on-line secured portal.
8. After the deposit of the Total Deposit Amourit, Flinders shall have no obligation to replenish or
restore any amounts expended by Title Company (or otherwise withdrawn) from the Fund. Title
Company's sole and exclusive remedies under this Agreement are and shall be the recovery of moneys
comprising the Fund. prior to the Escrow Closing Date. Furthermore, Title Company expressly agrees to
the limitations of liability against Funders, and Title Company shall not be entitled to allege, seek, at,
recover damages (or any other monetary relief of any kind whatsoever) in excess of the Total Deposit
Amount, and, with respect to the City, Title Company shall not be entitled to allege, seek, or recover
dannages (or any other monetary relief) in excess of the Total City Deposit Amount, and, with respect to
I rnbridge and Owners, Title Company shall not be entitled to allege, seek, or recover damages (or any
other monetary relief} in excess of the Total TUrnbridge Deposit Amount.
9, Tf and to the extent that the Title Company incurs any attorney's fees, costs, and expenses of
litigation in connection with the Identified Risks, as its sole and exclusive remedy under this Agreement,
the Title Company is authorized by Funders, but is not obligated, to pay such amounts from the Fund as
the Title Company shall, in its sole discretion, determine to be appropriate to procure release of such
Identified Risks and satisfaction of other Authorized Litigation Expenses, Without notice or demand
except as otherwise provided herein, the Title Company may take any action it deems appropriate for its
protection or the protection of any of its insureds as long as the Fund is used for the Authorized
Litigation Expenses,
10, It is specifically understood and agreed by Funders that once the Policies have been issued (or
committed to be issued) by the Title Company, no cancellation of this Agreement by Funders can be
effective. Unless and until the Title Company issues the Policies, Funders shall be entitled to terminate
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this Agreement without penalty and to receive the immediate refund of all monies they deposited in the
Fund, along with all interest and accretions to the Fund,
11. In the event any provision of this Agreement shall be field invalid or unenforceable by any court
having jurisdiction, Such provision shall be deemed severable and shall not affect the validity of any
other provisions or the balance hereof.
1.1 The failure of the Title Company from time to time to demand the performance of any act which
it rnight require of Funders hereunder shall not be construed as a waiver of the right to enforce such
performance at a later time upon appropriate demand. The failure of the City from time to time to
demand the performance of any act which it might require of Title Company or Tunbridge hereunder
shall not be construed as a waiver of the right to enforce such performance at a later time upon
appropriate'demand. The failure of Turnbridge frorn time to time to demand the performance of any act
which it might require of the Title Company or City hereunder shall not be construed as a waiver of the
right to enforce Such performance at a later time upon appropriate dernand.
13. In the event of suit regarding any of the terms of this Agreement or performance or non-
performance thereof. the parties agree that venue shall be in the appropriate courts in the Riverside
County, California, The laws of the State of California, the site of the Land, shall govern any suit
without regard to conflict of law principles.
14. Funders understand and agree that the Title Company is not obligated to issue any title insurance
at any time, although requested to do so by Funders or their -,affiliates, and may exercise its own
discretion as to the issuance of any title insurance now or in the future. However, this Agreement is
conditioned upon the Title Company .issuing the Policies, and once the Title Company has issued the
Policies, Funders agree that the issuance of title insurance will be in specific reliance upon this
Agreement.
15. Funders represent that it is in their best interest to enter into this Agreement and by doing so i.t is
the intent of the Funders to induce Title Company to issue the Policies with the Fund to have the ability
to pay for the Authorized Litigation Expenses resulting from the Identified Risks, The Funders
acknowledge that Title Company wil.1 not issue policy(ies) of title insurance without an exception for the
Identified Risks and/or to provide coverage for the Identified Risks unless the Total Deposit Aniount has
been deposited into the Fund, and that the Title Company is authorized to draw upon that Fund, as set
forth in this Agreement,
16, All written notices permitted or required to be given under this Agreement may be delivered (by
UPS, Federal Express or other similar means) to each of the parties thereto, or mailed to each party by
Registered United States Mail or Certified United States Mail, or emai] with confirmation, of delivery,
and shall be considered duty made when addressed as follows:
To Title Company:
Stewart Title of California, Inc.
Attention: Tamara Castro, Escrow Officer
73020 El Paseo, Suite 103
4
Palm Desert, CA 92260
tcastro@ Ste wart, Com
with copies to:
Stewart Title Guaranty Company
P.O. Box 2029
Houston, Texas 77252
Attention: Stewart Legal Set -vices
with copy to:
Stewart Title Guaranty Company
1360 Post Oak Blvd., Ste 100, MC 14 -1
Houston, TX 77056
Attention: Stewart Legal Services
To Funders:
City of La Quinta
c/o Jon McMil ten, City Manager
City of La Quinta
78495 Calle Tainpico
La Quinta, CA 92253
jmcmillen@laqtii.iitaca.gov
With a copy to
William Mrke, City Aftomey
Rutan & Tucker, LLP
18575 Jamboree Road, 9"'Floor
Irvine, CA 92612
bihrke@rutan.coni
TBE RE, Acquisition Co 11 LLC/Owners
c/o TUmbridge Equities
4 Bryant Park, Suite 200
New York, New York, 10018
Attention: Michael Gazzano and General Counsel
Email: Mg@tUrnbridgeeq,com and jw@turn.bridgeeq.com
with a copy to:DLA Piper
1251 Avenue of the Americas
New York, New York 10020
5
Attention: Todd Eisner
Email: todd.eisiier@us.dlapiper.coni
Any party may, by written notice to the other, as aforesaid, change the address to which notices are to be
sent.
1.7. The parties acluiowledge that the Title Company may be asked to provide title insurance
pursuant to this Agreement wherein legal title to the Land and improvements may be vested in a.
corporation, partnership., joint venture or other form of ownership other than individuals.
18. Where any one or more of Funders are corporations, partnerships, limited liability companies,
the applicable FUnder represents that the officer signing on behalf of such entity has been duly
authorized by such entity to execute this Agreement on belial f Of such entity. The obligations hereunder
are unconditional and shall continue whether or not the undersigned has any interest in the entity which
presently owns the Land or in the Land itself at the time a claim hereunder may be made by the Title
Company.
19. This Agreement shall benefit and bind the parties hereto and their respective successors and. assigns.
This Agreement may not be amended or modified without the written endorsement thereof by all Parties,
20. This Agreement may be executed in any number of counterparts (including -facsimile
counterparts or as a pdf or similar attachment to an email), all of which together shall constitute a
binding agreement, and each such counterpart shall be deemed to be an original instrument for all
Purposes, This Agreement may be executed electronically, and SLIGII electronic signature shall constitute
an original for all Purposes.
[signatures on next page]
6
6pr--
IN WITNESS WHEREOF, the undersigned has executed this Escrow Funding And Holdback
Agreement and Joint Escrow Instructions, effective this day of December, 2025,
Title Company:
Date: 2025
Date:
City of La Quinta:
Date:
2025
STEWART TITLE GUARANTY COMPANY
By:
Glen Roberts, Senior Vice President
STEWART TITLE OF CALIFORNIA, INC.
By: _
Narne:
Title:
CITY OF LA QUINTA, a California municipal
corporation and charter city
2025 By:
Jon McMillen, City Manager
ATTEST:
MoiiikaRadeva, City Clerk
APPROVED AS TO FORM
RUTAN &TuCKER, LLP
William 11. lhrke, City Attorney
Turnbridge:
TBE RE Acquisition Co 11 LLC, a Delaware
limited liabil' company
Date: 12025 By:
Name: -ew Joblon.
Title: Au.' orized Signatory
7
IN WITNESS WHEREOF, the undersigned has executed this Escrow Funding And Holdback
Agreement and Joint Escrow Instructions, effective this day of December, 2025.
Title Company:
Date:
.Date:
City of La Quinta:
STEWART TITLE GUARANTY COMPANY
2025 By:
Glen .Roberts, Senior Vice President
STEWARL-TITHE OF CALIFORNIA, INC.
2025
Date: 2025
Turnbridge:
B6Narrie:
Title:
CITY OF LA QUINTA, a California municipal
corporation and charter city
7S4n�""-W Allen, City Manager
ATTEST:
Monika Radeva, City qferk
APPROVED AS TO FORM
RUTAN & TUCKER, LLP
-------------
William H. Ihrke, City Attorney
TBE RE Acquisition Co II LLC, a Delaware
limited liability company
Date: 12025 By:
Name: Andrew Joblon
Title: Authorized Signatory
7
Exhibit "A))
[see attached]
LEGAL DESCRIPTION
The land referred to herein Is situated in the State of California, County of Riverside, City of La
Quanta and described as follows:
PARCEL 1:
THAT PORTION OF PARCEL 10 OF PARCEL MAP NO, 37207, IN THE CITY OF LA QUINTA, COUNTY
OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT LINE: ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY GRANT DEED
RECORDED AUGUST 20, 2021 AS INSTRUMENT NO 2D21-0499856 OF OFFICIAL RECORDS OF
RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY }FIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEETBELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 18 PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND 18
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE. HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 18
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OFTHE PHASE 1A AND 1 B PROPERTY; AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018.04646 4 AND RECORDED NOVEMBER 6, 2017,
AS JNSTRUMENT NO, 2017-0463950, BOTH OF OFFICIAL RECORDS,
APN 777-060-083
PARCEL 2:
THAT PORTION OF PARCEL 11 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY
OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THRQLIGH 87 INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO.2020-0007, AS DISCLOSED BY GRANT DEED
RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-0499856 OF OFFICIAL RECORDS OF
RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND I PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 19 PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND 13
Order No.: 2664882
Preliminary Report
Page 4 of 66
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 18
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1 A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHAPTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 228, 2018, AS 15TRUMENT NO 2018-0464674 AND RECORDED NOVEMBER 6, 201 7,
AS INSTRUMENT NO. 20170463950, BOTH OF OFFICIAL RECORDS.
APN 777-060-085
PARCEL 3
PARCEL 12 OF PARCEL MAP NO, 37207, AS SHOWN BY A MAP FILED IN BOOK 242 PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE CITY OF LA QUINTA, COUNTY OF
RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY FIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND 113 PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL. TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND I PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND 1 B
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE. THE PHASE 1A AND 18
PROPERTY IN SUCH A MANLIER AS TO CREATE A DISTURBANCE TO THE USE. OR ENJOYMENT
OF THE PHASE 1 A AND 1 B PROPERTY; AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017,
AS INSTRUMENT NO. 2017-0463050, BOTH OF OFFICIAL RECORDS.
APN 777-060-075 AND APN 777-080-078
Parcel 4:
THAT PORTION OF PARCELS 4 AND 18 OF PARCEL. MAP NO, 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOQK 242,
PAGES 72 THROUGf-187 INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
LOT "C" OF LOT LINE ADJUSTMENT NO, 2020-0010, AS DISCLOSED BY GRANT DEED RECORDED
JULY 15, 2021 AS INSTRUMENT L10. 2021042 711 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN,
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY FIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE. THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 18 PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND 1 B
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B
Order No.: 2664882
Prallminery Report
Page 5 of 66
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28,2018, AS INSTRUMENT NC) 2Q18-0464674 AND RECORDED NOVEMBER 6,2017,
AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS.
APNS 777-490-058,777-490-063, 777-490-064,7177-490.065 AND 777-490-066 ( OLD APN'S
PORTION OF 777.490-041 and 777-490-051
Parcel 5:
THAT PORTION OF PARCELS 3 AND 4 OF PARCEL MAP NO, 37207, IN THE CITY OF LA QUINTA,
COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN gOOK 242,
PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
LOT "B" OF LOT LINE ADJUSTMENT NO, 2020-0010, AS DISCLOSED BY GRANT DEED RECORDED
JULY 16,2021 AS INSTRUMENT NO, 20210428113 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN,
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND I B PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET DELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL, TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND I D PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE I A AND 1 B
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR 1-0 USE THE PHASE 1A AND I B
PROPERTY IN SUCH A MA114NER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 18 PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28,2018, AS INSTRUMENT NO. 2016-0464674 AND RECORDED NOVEMBER 6,2017,
AS INSTRUMENT NO, 2017-04639501 BOTH OF OFFICIAL RECORDS.
APN 777-490-037, 77-490-057, 777-490-059 AND 777-490-068 (OLD APN'S PORTION OF 777-490-
040 AND 7 77-490-041 )
Parcel &
PARCEL 5 OF PARCEL MAP NO, 37207 AS SHOWN BY A MAP ON FILE IN BOOK 242 OF PARCEL
MAPS. PAGES 72 THROUGH 87, INCLUSIVE, TOGETHER WITH PORTIONS OF PARCELS A AND B
OF LOT LINE. ADJUSTMENT NO, 2020-0005, RECORDED SEPTEMBER 2,2021 AS DOCUMENT NO,
2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS.,
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS
DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO, 2023-01 8115 OF
OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING FROM PARCEL 5 ABOVE, ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND
MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET
BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE
AND OCCUPY ALL PARTS OF THE PHASE 'IA AND I B PROPERTY LYING MORE THAN FIVE
HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES
INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON
Order No.: 2664862
Preliminary Report
Page 6 of 66
SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT
WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE I A AND I B
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1 B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND I B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMPNT NQ 9018A4 4974 AND RECORDED NOVEMBER 6,2017,
AS INSTRUMENT NO 2017-0463950, BOTH OF OFFICIAL RECORDS,
APN: 777-490-042, 777-490-076 AND PORTIONS OF 777-490-072 AND 777-490-073 (OLD APN's
PORTION of 777-490-043 and 777-490-044)
Parcel 7:
PORTIONS OF PARCELS A THROUGH C, INCLUSIVE, OF LOT LINE ADJUSTMENT NO. 2020-0005,
RECORDED SEPTEMBER 2, 2021 AS DOCUML-rJT NO, 2021- 0527060 OF OFFICIAL RECORDS OF
SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT LINE ADJUSTMENT NO, 2023-0003 OF THE CITY OF LA QUINTA, As
DISCLOSED BY GRANT DEED RECORDED MAY 4,2023 AS INSTRUMENT NO, 2023-0128115 OF
OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND I B PROPERTY LYING MORE THAN FIVE HUNDRED (600)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 16
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND I B
PROPERTY IN SUCH A MANNER AS 1-0 CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28,2018, AS INSTRUMENT NO, 2018-0464674 AND RECORDED NOVEMBER 6,2017,
AS INSTRUMENT NO. 2017-0463960, BOTH OF OFFICIAL RECORDS,
APN: 777-490-074 AND PORTIONS OF 777-490-072, 777-490-073, 777-490-075, 777- 490-077, 777-
490-078, 777-490-079 AND 777-490-080 ( OLD APN'S PORTION OF 777-490-043, 777-490-044 AND
777490-045)
Parcel 8:
THAT PORTION OF PARCELS 9,10,11 AND 19 OF PARCEL MAP NO. 37207, IN) THE CITY OF LA
QUINTA. COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK
2,
PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:.
PARCEL "A" OF LOT LINE ADJUSTMENT NO, 2020.0007, AS DISCLOSED BY GRANT DEED
RECORDED AUGUST 20,2021 AS INSTRUMENT NO. 2021-0500015 OF OFFICIAL RECORDS OF
RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN,
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
Girder No,' 2664881
Preliminary Report
Page 7 of 66
12
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE. AND OCCUPY
ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN 171VE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF FOIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND I
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2013, AS INSTRUMENT NO, 2018-0464674 AND RECORDED NOVEMBER 6, 2017,
AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS,
APN: 777-490-046, 777-490-071, 777-060-082, AND 777-060-084 ( OLD APNS PORTION OF 777-490-
052,777-060-076 and 777-060-077)
Parcel 9A:
PORTIONS OFF PARCELS B AND C`OF LOT LIFE ADJUSTMENT NO. 2020-0005, RECORDED
SEPTEMBER 2, 2021 AS DOCUMENT NO 202 j,-0527060 OF OFFICIAL RECORDS OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS
DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO 2023.0128115 OF
OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE. 1A AND 16 PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOWTHE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1 A AND 18
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF I -HE SURFACE
FOR ANY PURPOSE. OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1 A AND 16
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUM ENT L4Q „2016-0464674 AND RECORDED NOVEMBER 6, 2017,
AS NSTRU NT NtO. 2017.04 3 50, BOTH OF OFFICIAL RECORDS,
PORTION APN: 777-490-075, 777-490-077, 777-490-079, 777-490-079 AND 777-490- 080 ( OLD APNS
PORTION of 777-490-044 AND 777-490-045 )
Parcel 913
PORTIONS OF PARCEL C OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2,
2021 AS DOCUMENT NCO. 2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED
AS FOLLOWS:
PARCEL "D" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS
DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO. 2023-0128115 OF
OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN,
Order No.: 2664882
Preilminary Report
Page 8 of 66
13
On
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY
ALL PARTS OF THE PHASE 1A AND 16 PROPERTY LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 18 PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE I A AND I e
PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 113
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT
OF THE PHASE 1A AND I B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A
CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28,2018, AS INSTRUMENT NO. 2018-D464674 AND RECORDED NOVEMBER f3,2017,
AS INSTRUMENT NO, 2017-0463950, BOTH OF OFFICIAL RECORDS.
PORTION APN: 777-490-079 (OLD APN PORTION OF 777.490-045)
Parcel 10-
INTENTIONALLY DELETED
Parcel 11:
INTENTIONALLY DELETED
PARCEL12:
LOTS 1 THROUGH 29 AND LOTS A THROUGH L, OF TRACT NO. 37730, IN THE CITY OF L.A
QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, FILED IN BOOK 479,-PAGES 27
THROUGH 33 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND
CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER
WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE
PHASE 1A PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE
THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND
PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A
PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER TI-AFZ
SURFACE FROM SAID PHASE 1A PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR
TO USE THE PHASE 1 A PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE To
THE USE OR ENJOYMENT OF THE PHASE 1A PROPERTY, AS RESERVED BY THE CITY OF LA
QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED
RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950. OF OFFICIAL RECORDS,
APN's: 777-510-001 THRU -023; 777-510-025; 777.520-001 THRU -018
Parce 1 -13:
Parcels E, F and G of Parcel Map No. 37207, in the City of La Quinta, County of Riverside, State of
California, as shown by a Map filed for Record May 3,2017 in Book 242, Pages 72 through 87, inclusive
of Parcel Maps, in the Office of the County Recorder of said County,
Excepting all oil, gas, hydrocarbon Substances. and minerals of every kind and character lying more than
five hundred (500) feet below the surface, together with the right to drill into, through, and to use and
Order No.: 2664882
Preliminary Report
Page 9 of 66
14
Occupy all parts of the Phase I A and 1 B property lying mare than five hundred (500) feet below the
surface thereof for any and all purposes incidental to the exploration for and production of oil, gas,
hydrocarbon substances or minerals fror-n said Phase 1A and 1 B property or other lands, but without,
however,any right to use either the surface from said Phase 1A and 18 property or any portion thereof
within five hundred (500) feet of the surface for any purpose or purposes whatsoever, or to use the Phase
1A and 1 B property in such a manner as to create a disturbance to the use or en)oyment of the Phase 1A
and 1B property, as reserved by The City of La Quinta, a California Municipal Corporation and Charter
City, in the Grant Deed recorded November 28, 2018, as Instrument No, 2018-04G45Z4, of Official
Records,
APN's: 777-490-053, 777-490-054 AND 777-490-055
FOR INFORMATIONAL PURPOSES ONLY: APN: Multiple APN's
(End of Legal Description)
MAP
THE MAP(S) CONNECTED HEREWITH IS BEING PROVIDED AS A COURTESY AND FOR
11"4FORMATIONAL PURPOSES ONLYTHIS MAP SHOULD NOT BE RELIED UPON. FURTHERMORE,
THE PARCEL(S) SET OUT ON THE MAP(S) MAY NOT COMPLY WITH LOCAL SUBDIVISION OR
BUILDING ORDINANCES. STEWART TITLE OF CALIFORNIA, INC, AND STEWART TITLE
GUARANTY COMPANY ASSUME NO LIABILITY, RESPONSIB- ILITY OR INDEMNIPICATION RELATED
TO THE MAP(S),
Order No.., 2664882
Preffminary Report
Page 10 of 66
1. Claim of Mechanic's Lien by Granite Construction Compeny, in the amount of $422218203 recorded
September 29, 2022 as Instrument No, 2022-0411618 of Official Records.
2. Pending Action and Lis Pendonseafollows: Riverside County
Nature ofAction: Claim ofLien
Plaintiff/Petitioner: Granite Construction Company, o California corporation
Defendant/Respondent, GUwarnock Phase L LLO. a Delaware limited liability company
Recorded: December 23.2022'aoInstrument No.:2O22^0511834ofOfficial Records,
Amended Notice ofPendency ofAction recorded January13.2023ae|natrumentNo 2023-0010435of
Official Records.
Second Amended Notice of Pendency of Action recorded February 9, 2023 as Instrument No.2023-0037999
of Official Records.
3, Mechanic's Lien byR.O. Olson Construction, |nc,in the amount of $5`202,811'00' recorded December 19
2O22.amInstrument No. 2022-O508880ofOfficial Records, '
4. Pending Action and Lis Pendonaamfollows:
Riverside County Case No.: CVPS2301220
Nature of Action: C|a|rn of Lien
Plaintiff/Petitioner, R.D. Olson Construction, Inc,, a California corporation
Defendant/Respondent: Silverrock Lodging, LLC, a Delaware limited liability company c/o The Robert Green
Company; Silvennck Development Company. LLC. an Unknown entity, The Robert Green Compony, an
unknown entity
'
Recorded: 0Yoroh 29. 2023. amInstrument No.:2U23'UO8Q714, |nshomentNm.:2U23'OD89715. Instrument Nn '
2023-OO8U718and Instrument No.:23-0O8B713ofOfficial Records.
6. Mechanic's Lien byR.D.Olson Construction, |no.^inthe amount of$3.53324B.OD.recorded December 18
2O22ou/n�d
Instrument of Official '
8. Claim ofMechanic's Lien byR.D.Olson Construction, |no..inthe amount nf$8885'33S.00.recorded
December 1Q.2O22.Instrument No. 2O22-OSO8882ofOfficial Records.
7, Claim ofMechanic's Lien byR.D.Olson Construction, |nn..inthe amount of$1.872.112.OU.recorded
December28' 2022. as instrument No. 2022-0515211 of Official Recondo,
S. Claim ofMechanic's Lien byRowan Electric, inthe amount of$1.27D,8G6.4Q.recorded January 13 2023aa
Instrument No, 2D23-OO18825ofOfficial Records,
'
Q. Claim ofMechanic's Lien byRowan Electric, inthe amount of$1D4,811.O8 recorded January 13.2O23 as
Instrument No. 2023'0010628 of Official Records. `
10. Pending Action and Lis Pendenaaofollows.
Court Riverside County
Case No.:OVPS23O178g
Plaintiff/Petitioner: Rowan, Incorporated, a California corporation, doing business aa Rowan Electric
Defendant/Respondent: R.D. Olson Construction, Inc., aOa0omia corporation; 8/lverrookLodging. LLC e
Delaware limited liability company, 8i�ennokPhnoe 1' LLO, a Delaware limited hebUityoompan� 8Uve-"ck
Development Company, LLC, a Delaware limited liability company; 8Hvermok Lifestyle Residence,LL—.
Delaware limited liability company; 8/herrrookLuxury Residences, LLC. a Delaware limited liability company;
The Robert Green Company. aCalifornia Corporation;
Recorded, April 24.2U23moInstrument No.-2D23-0118885.Instrument No.-2O23-011G3GGofOfficio/Records
and Instrument No, 2O23-01183S7.
11. Claim cfMechanic's Lien byRowan Electric, inthe amount of$1'443.21Q.41.recorded January 13 2�23 as
/no�umentNo, 2O23-OO1OG44ofOffioi�Records, ' '
12. Claim of Mechanic's Lien by Rowan Electric, in the amount of $241,800,900, amounts due thereunder,
recorded February 28.2O24 eoInstrument No, 2O24-D055842ofOfficial Records. K4etterocontained in
document entitled Amended Mechanics Lien recorded March 22.2O24.|ne�omentNm.2O24-DO~G117 of
Official Records. '
13. Pending action and Lis Pendens recorded March 7, 2023, as Instrument No. 2023-0065253 of Official
Records
Plaintiff: L2 Specialties, Inc., a California corporation
Defendant : R. D. Olson Construction, Inc., a California corporation; 8i|verrook Lodging, LLC e Oe|ewana
limited liability company; 8Uvermok Phase |, LLC. a De/aware limited liability company; 8Uva' '-ok
Development Company, LLD.oDelaware |im�ed|iobUitycompany, The Robo�Green Oom-p=^y oCe|�orn|e
corporation
.
3aao/DocketNo: CVP82300561
14.O|oimofMeohan/c'aLienbyVVhite'oS%emL/no.'iniheomountof$8.0Q8.0O.naoordedMorch8.2O23ao
Instrument No, 2O23'OD882g1cf Official Records,
15. Claim of Mechanic's Lien by VVh|be'a Steel, Inc., in the amount of$1O4.8O7.78. recorded March 8 2023 as
Ine(mmentNo. 2D23-8OG8282o[O�c|a/Records
'
Matters contained |ndocument entitled Amended Claim ofMechanics Lien byWhite's 8t e| |no recorded
AprU3.2U23'es|nabomentNo. 2O23-OU947B7ofDf�o/o|Reoo�s. Steel, ''
18. Claim ofMechanic's Lien byWhite's Steel, |nc.^inthe amount of$247.882.64.recorded March 8.2823 as
|nmtmnmentNo. 2023-OD662Q3ofD�da/Records, `
Amended Claim of Mechanics Lion by White's Steel, Inc,, recorded April 3. 2023` as Instrument No 2023'
0094798 of Official Records.. '
17. Pending Action and Lis Pendenamafollows:
Court Riverside County: Case No.:CVP823O2374
Plaintiff/Petitioner: White's Gtea|. Inc., a California corporation
Defendant/Respondent: R.O. Olson Construction, Inc,, SUverRook Lodging, LLC, The Robert Green
Company, SUverRockDevelopment Company, Poppy Bank, Cyprus Point Holdings,LLC.
Recorded, May 24,2023.oaInstrument No.:2023-01489O4ofOfficial Records.
18. Pending Actionand Lis Pendanarecorded yWemh14.2O23.om|netrumentNo.2O23-0072B88o[Offioia|
Plaintiff: L & VV Supply Delaware corporation
Defendant, Premier Contractors, Ino,aCalifornia corporation; Stephen Bello, anindividual; OUvermoh
Development Company, LLC, a Delaware limited liability company; Silverrock Lodging, LLC, a Delaware
limited liability company
Case/Docket No, CVPS2301125
l7
19. Pending Action and Lis Pendens recorded April 12, 2023, as Instrument No, 2023-0103819 of Official
Records
Plaintiff : Division 8emioea. Inc., a California corporation Defendant : Gi|verRookLodginQ. LLC; R.O Olson
Construction, Inc.;
'
Case/Docket No: CVPS2300781
20.Pending Action and Lis Pendens recorded June 9, 2023 as Instrument No. 2023-0165511 of Official Records
Plaintiff :Thmerk Royga|. LbC, oCalifornia limited liability company
Defendant : Qlvenock Lodging, LLC, a Delaware limited liability company; Gibenook Phmoe|^ LLC`a
Delaware limited liability company; SihenockDevelopment Company, LLC, oDelaware limited )hai|dy
company; R.D. Olson Construction, Inc,, oOo|�omieoorponsUon;The Robe�Green Oompany. o — California
corporation
Case/Docket No: OVR/2382387
21. Pending Action and Lis 9endenarecorded May 1D^2023.asInstrument No. 2O%3-0133B34ofOfficial
Records
Plaintiff /J.Ginger Masonry, LP,
Defendmnt: FlD.Olson Construction, Inc,, a California corporation; 8|/vedRook Lodging. LLC. a Delaware
limited liability company;
Came/OockegNo: CVp82301858
22. Pending Action and Lim pendane recorded July 3. 2023. as |nntrument No. 2823-0193153 of Official Records
Plaintiff: The 8iees Companies, Inc., DBA Complete Door Systems
Defendant : R.D. Olson Conmtnundcm. Inc., a California corporation; Gi|vedRock Lodging. LLC. a Delaware
limited liability company; K8oaoio GikmdR.och. LLC, a limited liability company, Mosaic Real Estate Investors
LLG, limited liability company; '
liability
Case/Docket No; CVPS2383089
23. Claim of Mechanic's Lien by California Specialty {nSu|ation. Inc., in the amount of $84.859.00. recorded July
6, 2023 as Instrument No. 2023-0196918 of Official Records,
24. Claim of Mechanic's Lien by Cons Q Main LP, in the amount uf$2 588.97. recorded July 11. 2023. as
Instrument No. 2023'0200088 of Official Records.
25. Claim of Mechanic's Lien by [NGA Consulting, Inc., in the amount nf$82.O18.O8 recorded July 28. 2023. as
Instrument No. 2023'0220334 of Official Records.
28, Claim of Mechanic's Lien by BAR Architects & Interiors, in the arnOUnt of $114,448.79 recorded February 15,
2O24emInstrument No. 2024-OO4282GofOfficial Records,
27. Pending Action and Lis Pendenseefollows:
Superior Court ofthe State ofCalifornia CourdyofRkmra|de—Pa|mSphngaCourthoume
CoseNo.:CVPX24O2O42
Plaintiff/Petitioner, Rowan. Incorporated, o California corporation; doing bun|noan as Rowan Electric, m
California corporation
Defendant/Respondent Robert Green Residential, Inc,, e California corporation; 8i|verrook Lodging, LLC. e
Oe|ewene limited liability company; GivennchPhaso /. LLC. a Delaware limited liability company Recorded:
K8oy2. 2024me Instrument No.:2024-0128788 of Official Records.
28` Claim of Mechanic's Lien by Joshua Fl Frantz, in the amount of$2S.O48.48. recorded June 28. 2024 as
Instrument No. 2024-0184831 of Official Records.
18
29. Claim ofMechanic's Lien byGUVerroohLifestyle Residences, LLC.in the amount of$1.55i.5B4.82.recorded
June 28.2O24 as Instrument No. 2024-0185233.
30. Pending Action and Lis Pandona recorded July 3. 2024 as Instrument No. 2024-0188542 of Official Records.
Plaintiff: Industrial Commercial Systems, Inc.
Defendant: 8i|lverrockLodging' LLC. a Delaware limited liability company; Caae/OooketNo: CVPG2403773
31. Claim of Mechanic's Lien by Jack Roger Tracy, in the amount of $14,584,00, recorded July 17, 2024, as
Instrument No. 2024-211643.
32. Claim of Mechanic's Lien by Bruce D. Maize, in the amount of$2S4.7O7.O2, recorded July 28. 2024 as
Instrument No. 2O24~O225265.
33. Claim of Mechanic's Lien by H&E Equipment Services, Inc., in the amount of$58,O87.G2. recorded Auguut2.
2024. as Instrument No, 2024'0231136.
34. Claim of Mechanic's Lien by Ashley Jernigan on behalf ofJ&B K8eteria|o, in the amount of$48.785,28.
recorded August B. 2024em Instrument No. 2024-0236640.
35. Claim of Mechanic's Lien by McGrath, in the amount of$45.00O OO recorded December 5. 2024 as
Instrument No. 2024-0371888.
38. Claim ofMechanic's Lien byGauebonCorp, |nthe amount ny$124'985.2Q.recorded November 18.2O22aa
Instrument No. 2O22'O4781D0ofOfficial Records,
37. Claim of Mechanic's Lien by Gauston Corp, in the amount of $135,772,08, recorded November 16, 2022 as
Instrument No. 2Q22-O4731O1 of Official Records.
38.Unrecorded lease as disclosed byQuitclaim Deed & Memorandum of Ground Lease
Dated: October 21,2O21
Executed by: 8ilvermok Phase i. LLC. a Delaware limited liability company, 8ilvenook Development
Company, e Delaware limited liability company, 8ilvermok Lodging, e Delaware limited liability company,
Silverrock Luxury Residences, a Delaware limited liability company and Silverrock Lifestyle Residences, a
Delaware limited liability company
Recording Date: October 26.2U21
Recording No: 2D2l-OS28128ofOfficial Records,
39. Claim of Mechanic's Lien by Executive Landscape Inc,, in the amount of $47,900.00, recorded March 12,
2O24anInstrument No, 2O24-OD6G345ofOffioia|Records,
40.Claim of Mechanic's Lien byTesema.eCalifornia corporation, in the amount of $55.5Q7.50,recorded April 18.
2024 as Instrument No, 2024- 0113591 of Official Records,
41.Pending Action and Lis Pendens as follows:
Superior Court ofCalifornia, County o[Riverside
Case Nm.,Q/PB24O3145
P|aintiff7Petitioner:Taserra.oCalifornia corporation
Defendant/Respondent: Robert S. Green Jr.. an individual Robert Green Residential, Inc., a California
corporation; B|verRook Luxury Residences, LLC. a Delaware Limited Liability Company: 8ilverAock Phase 1.
LLC. e Delaware limited liability company; Mosaic Rea/ Estate Credit LLC., A Delaware limited liability
company; American Contractors Indemnity Company, a California corporation;
19
Recorded: May 2Q.2D24aaInstrument Nu:2024-01G5147.Instrument No: 2024-0165148.Instrument Nm.:
2D%4-0155148.Instrument Nn.:2D24-015515O.and 2O24-015514GofOfficial Records.
42. Claim of Mechanic's Lien by Teuena. e California co0ponaUon, in the amount of$52.S38.5O. recorded April 18.
2024 as Instrument No. 2024-8110592.
43. Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $55,597.50, recorded April 18,
2O24aaInstrument No, 2O24'O113503ofOfficial Records,
44. Claim of Mechanic's Lien by Teserra. a California corponation, in the amount of $52.638.50. recorded April 18.
2024 as Instrument No. 2024'0113594 of Official Raoords,
45. Claim of Mechanic's Lien byTaeerna. a California corporation, in the amount of$52.B38.5O. recorded April 18.
2024 as Instrument No. 2024-01 13585 of Official R000ndo,
48. Claim of Mechanic's Lien by Ultimate Communication Systems, in the amount of $72.2Q8.25.recorded April
3O'2O24awInstrument No. 2U24-0125331 ofOfficial Records.
47. Pending Action and Lis Pendenaaufollows;
Superior Court cfCalifornia, County ofRiverside
Case No.:CVPS2403G38
Plaintiff/Petitioner: RJB Enterprises Inc. dbo Ultimate Communication Systems, e California corporation
Defandont/Reapondent:Robert Green Residential, |no..aCalifornia corporation; 8i/varRookLuxury
Residences, LLO. o Delaware limited liability company; 8i|vmrRook Development Company, LLC. a Delaware
limited liability company', Construction Loan Services |i. LLC e Washington limited liability company;
American Contractors Indemnity Company, a California corporation,
Recorded: June 27. 2024 as Instrument No.: 2024'0107091 of Official Records.
48. Claim of Mechanic's Lien by 20/20 Plumbing and Heating, Inc., in the amount of $776,261,00, recorded May
31'2D24eaInstrument No. 2O24-01S8702mfOfficial Records.
48. Pending Action and Lis Pendons as follows:
Superior Court ofCalifonio,County ofRiverside
Case No.:CVPB24Q4011
Plaintiff/Petitioner: 2020 Plumbing & Heating, Inc.
Defendant/Respondent: Robert Green Residential, |no.; SUvorRoch Luxury Residences, LLC; Mosaic Real
Estate Credit, LLC;
Recorded: Septamber3. 2024 as |notrumentNo.:2O24-O284441 and 2O24-O264441and 2O24-03G4S75 of
Offinie| Records.
50. Claim of Mechanic's Lien by Executive Landscape Inc., in the amount of$47.9oO.DO. recorded Juno 24. 2024
as Instrument No, 2024'0181304 of Official Records,
51. Claim ofMechanic's Lien byCockrell Electric |no..|nthe amount of$i15.823.O0.recorded July 17.2U24ea
Instrument No. 2024-O212G12ofOfficial Records,
52. Pending Action and Lis Pondenoasfollows:
Superior Court ofCalifornia, County ofRiverside
Case No.:CVPG24DGS31
F1e/ntifflPebt|oner HQ E Equipment Services, Inc., o Delaware corporation
Defendant/Respondent: Robert Green Residential, Inc., oCalifornia corporation; The Robert Green
NX
Development Company, LLO. a Delaware limited liability company; BlvedRock Lodging, LLC. o Delaware
limited liability company; 8UverRock Luxury Residences, LLC. a De|mwens limited liability company;
SHxerRockLifestyle Residences, LLO.a Delaware limited liability company; American Contractors Indemnity
Company, aCalifornia corporation;
Recorded: September 17. 2024ea Instrument No.: 2024'0280580 of Official Records.
53. Construction Loan Servies,U'LLCd/b/a Builders Capital Appeal from the Order (0Approving the8m|eof
Assets to the Successful Bidder Free and Clear of all Claims, Liens, Interests, and Encumbrances; (11)
Approving the Consensual Termination or Rejection of Ground Leases, Effective as of the Closing Oeba| (U|)
Approving Form ofGrant Deed; and (IV) Granting Related Relief (Docket No, 75Q)entered bythe United
States Bankruptcy Court ofthe District ofDelaware on October 28. 2025 related to Bankruptcy proceedings
filed bySi|verRock Development Company LLC, RGC PA 789. LLC, Si|vedRnok Lifestyle Rem|dences, LLC,
Si|verRook LodQ/ng, LLC, GUverRookLuxury Roa|denoea, LLC, Gi|vedRockphooe 1, LLC, Debtor, pending in
the United States Bankruptcy Court for the District of Delaware, Case No. 24-11647 ( MFW); filed onAugust
5,2024.
54. Claim ofMechanic's Lien byThe Robert Green Company, |nthe amount of$2.218,35QDC\recorded Jonuery
31.2O25oaInstrument No, 2O25-OU32082ofOfficial Records.
55. Claim of Mechanic's Lien by The Robert Green Company, in the amount of $933,063.00, recorded January
31.2O28esInstrument No, 2D25'0U32O8GofOfficial Records,
56. Claim ofMechanic's Lien byRobert Green Residential, Inc,,inthe amount of$1.427.747UO.recorded
January 31.2O25ooInstrument No. 2O2S'0032O87ofOfficial Records.
57. Claim of Mechanic's Lien by Robert Green Residential, Inc., in the amount uf$3^B8O.24O OO. recorded
February 3`2D25amInstrument No. 2O25-UO33384ofOfficial Records.
58. Claim ofMechanic's Lien byThe Robert Green Company, inthe amount of$g9S,41Q.DO.recorded February
3. 2025 as Instrument No. 2025~0083885 ,of Official Records.
58. Claim of Mechanic's Lien by The Robert Green Company, in the amount of $36,716,00, recorded February3.
2025an Instrument No. 2025~0033888 of Official Records,
60. Claim of Mechanic's Lien by The Robert Green Company, in the amount of $395,511,00, recorded February
3. 2025 as Instrument No. 2025-0033411 of Official Records.
81. Claim of Mechanic's Lien by The Robert Green Company, in the amount of $396,631.00, recorded February
8.2O25eeInstrument No, 2O25-0033426nfOfficial Records.
62. Claim nfMechanic's Lien byFJZamCompany, inthe amount of$111.812.O0.recorded February 18.2O25
aoInstrument No, 2O25-O04D221 ofOfficial Records.
63. Claim of Mechanic's Lien by F J Zam Company, in the amount of $62,689.00, recorded February 18, 2025 as
instrument No. 2O25-OO48228ofOfficial Records.
64. Claim ofMechanic's Lien byF.J.ZamCompany, inthe amount of$32,043.18.recorded March 12'2025oe
Instrument No. 2025-0073088 of Official Records.
65. Claim of Mechanic's Lien by Robert Green Residential, Inc., in the amount of $383.584.00. recorded April 25,
2O24asInstrument No. 2O24-012O655ufOfficial Records,
21 6-�fz-
86. Pending Action and Lis Pendens recorded March 14, 2023 as Instrument No. 2023-0072969 of Official
Records
Plaintiff :L&VVSupply Corporation, a Delaware Corporation
Defendant : Premier Contractors, Inc., a California corporation; Stephen Bello, an individual; 6UverRock
Development Company, LLC, o Delaware limited liability company; 8ilvedRooh Lodging, LLC. e Delaware
limited liability company; inclusive
Case/Docket NoOVPG23O1125
22