7515 Laurel Canyon Way, Corona, CA 92881

Formerly-Rough Graded Re-Entitlement Opportunity

-Property totals approximately 99.2 acres: about 68.5 acres inside the City - expired Tentative Tract Map ("TTM") 36533 - plus roughly 30.7 acres in the County - conceptually designed Tentative Tract Map 37142.

-Originally entitled for 103 single-family lots (12,000-square-foot-minimum) within a gated community under TTM 36533. The County portion was planned as a complementary southern phase across approximately 38 lots.

-Seller completed mass grading and extensive blasting, encompassing over 800,000 cubic yards of earthwork in total. Pads and slopes were certified in May 2017.

-Original TTM expired August 20, 2016. Subsequent to the expiration of the tentative map, a substantially similar map was filed (TTM 37895)to reactivate the prior 103-lot plan, however, the City Council voted to deny the project in August, 2025.

-Seller completed offsite sewer, domestic and recycled water, and storm drain connections, which will ultimately serve the Project.

-Seller repaved Old Temescal Canyon Road from the Project boundary to Compton Avenue, west of Interstate 15 ("I-15").

-Seller connected homes within Bel Air Estates to the Project’s sewer line.

-Strong Local Resale Pricing

Entitlements

City of Corona

— Expired TTM 36533 (103 lots), Approved in 2014, Expired in 2016, MND

— Denied TTM 37895 (103 Lots), Applied in 2021, CC Denial on August 15, 2025,

Proposed Addendum to Previously Approved MND

County of Riverside

— Conceptually designed TTM 37142 (38 lots), Pre-application material filed in July

2021, no action taken.

— Recorded access easement for Shadow Valley Drive - future access point from

the County parcel

Notable Conditions of Approval (expired TTM 36533)

— Traffic signal required at State Street and Ontario Avenue

— Future upgrades to Bel Air HOA sewer lines prior to building permit

Improvement Plans

The following plan sets have been designed for expired TTM 36533:

— Mass Grading and Drainage Plans

— Rough Grading Plans

— On-Site Water and Sewer Plans

— On-Site Street Improvement Plans

— Conceptual Fuel Mod and Maintenance Exhibit

— Bel Air Sewer Rehab Plans

— Final Map Draft

— Off-Site Sewer Line Rehab Plans

— As-Built Offsite Sewer Plans

— As-Built Offsite Domestic and Reclaimed Water Plans