Wildlands_UT_to_Pine_Hill_AuditComplLtr

October 2, 2024

Wildlands Holdings IV, LLC
Attn: John Hutton
(via electronic mail: [e-mail])

Re: Audit of Credit Sales for UT to Pine Hill Mitigation Bank Site

Dear Mr. Hutton:

On August 30, 2022, and July 19, 2023, Katie Merritt with the Division of Water Resources (DWR)
notified Wildlands Holding IV, LLC that DWR was performing an annual audit of all nutrient offset
and riparian buffer mitigation credit sales for all private nutrient offset and riparian buffer mitigation
banks in North Carolina. Along with this notification, Ms. Merritt requested all credit ledgers along
with all supporting documentation for all credit sale transactions for the following bank from
January 1, 2021, to December 31, 2022:

DWR received all the requested documentation and corrected ledgers. Findings from this audit
suggest that all credit sales from January 1, 2021, to December 31, 2022, are compliant.

Thank you for your cooperation with this audit. For any questions regarding this correspondence,
please contact Jennie Emmons at [e-mail].

Sincerely,

Stephanie Goss, Supervisor
401 & Buffer Permitting Branch

cc: File Copy (DWR)
Camden Brunick (Wildlands)- via electronic copy ([e-mail])

UT to Pine Hill (DWR ID# 2017-0886v2)
Docusign Envelope ID: C9D35DB8-2DEE-44E4-9B99-66F27C653A36