20201653 Ver 1_Buffer SOA 01-15-2021_20210115

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

Neuse 01 Riparian Buffer Credits Statement of Availability

January 15, 2021

Clayton Properties Group, Inc.
Attn: Chris Simmering
2521 Schieffelin Road, Suite 116
Apex, NC 27502

RE: Availability of Riparian Buffer Credits for the “1001 Olive Branch Road Subdivision” project
Bank Name: Catfish Pond II Mitigation Bank Instrument (MBI)
Bank Site: Catfish Pond II Bank Parcel
Bank Sponsor: Wildlands Holdings V, LLC
DWR Project Number: 2018-0196v2
Permittee: Clayton Properties Group, Inc.
Riparian Buffer Credits Needed: 58,248.000 sq. ft.
Riparian Buffer Credits Available: 81,969.949 sq. ft.
Neuse 03020201 River Basin (Upper Falls Watershed)

Dear Mr. Simmering,

Wildlands Holdings V, LLC currently has sufficient riparian buffer credits from the Catfish Pond II
Mitigation Bank Instrument (MBI) - Catfish Pond II Bank Parcel to satisfy the riparian buffer mitigation
requirements related to the above-mentioned project. The project is located within the service area
(HUC 03020201 Upper Falls Watershed) 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 V,
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 V, 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, Nutrient Offset & Buffer Banking Coordinator | NC Division of Water Resources
Mr. Troy Beasley | WithersRavenel