20201114 Ver 1_Buffer SOA 10-22-2020_20201022

Wildlands Holdings II, LLC · Wildlands Engineering, Inc · 1430 South Mint Street, Suite 104, Charlotte, NC 28203

Neuse 01 Riparian Buffer Credits Statement of Availability

October 22, 2020

Thayer Investments
3200 Glen Royal Rd., Suite 104
Raleigh, NC 27617
Attn: Ms. Kristi Thayer

RE: Availability of Riparian Buffer Credits for the “518 Geer St.” project
Bank Name: Neuse Riparian Buffer & Nutrient Umbrella Mitigation Banking Instrument
Bank Site: Caraway Creek Phase I Mitigation Bank
Bank Sponsor: Wildlands Holdings II, LLC
DWR Project #: 2012-0144v2
Permittee: Thayer Investments
Riparian Buffer Credits Needed: 2,509.50 sq. ft.
Riparian Buffer Credits Available: 20,743.95 sq. ft.
Neuse 03020201 River Basin

Dear Ms. Thayer,

Wildlands Holdings II, LLC currently has sufficient riparian buffer credits from the Neuse Riparian Buffer
& Nutrient Umbrella Mitigation Banking Instrument - Caraway Creek Phase I Mitigation Bank
(wholly owned by Wildlands Engineering) to satisfy the riparian buffer mitigation requirements
related to the above-mentioned project. The project is located within the service area (HUC 03020201)
of the Bank.

This letter is simply a statement of availability of credits as of the date written. Although current
inventory is high, the letter is not a guarantee of availability as credits will be sold on a first come, first
serve basis. An invoice for this transaction will be sent upon your request and we will formally reserve
both the credits and price quoted for a period of 30 days from the invoice at no cost.

Final transfer of the credits will be made upon receipt of a copy of the 401 Water Quality Certification
Authorization Certificate from the NC Department of Environmental Quality approving the Riparian
Buffer mitigation purchase from the Bank and upon receipt of your payment to Wildlands Holdings II,
LLC. We will then issue a credit transfer certificate verifying your credit purchase to the North Carolina
Division of Water Resources and to you for your records

We appreciate the opportunity to assist you with your mitigation requirements. Please contact me at
[phone] x124 or [e-mail] if you have any questions or need any additional
information.

Wildlands Holdings II, LLC · Wildlands Engineering, Inc · 1430 South Mint Street, Suite 104, Charlotte, NC 28203
Sincerely,

Ashley N. Yarsinske
Wildlands Engineering, Inc.
Marketing & Credit Sales
[e-mail]
O: [phone] ext. 124
M: [phone]

Cc: Ms. Katie Merritt, NC Division of Water Resources (bi-annually)
Ms. Holly Buickerood, Thayer Homes