Investor Slide

THE TRUE LIFE COMPANIES ABOUTUS

September2016

LEADERSHIP

ScottClark,CEO ChristopherEwing,CFOProvenexpertiseincorporatefinanceandanaccomplishedtrackrecorddefinedby20yearsinprogressivefinancialexecutiverolesatseveraldistinguishedbluechipcompanies.

Christophercombinesfinancialexpertisewithentrepreneurialthinking,andisespeciallyadeptatnavigatingchangeandimplementingstrategicobjectivestosupportbusinessgrowthanddriveshareholdervalue.

Hisacumenincludesinvestmentmanagement,realestate,M&Aandbusinessintegration,enterpriseriskmanagement,andstrategyandnegotiationrelatedtocreditfacilities,privateplacementandprivateequity.

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Over25yearsofexecutivemanagementexperienceacrossmultipleindustries

In2007,formedAmericanDevelopmentPartnersLLCtocapitalizeonopportunitiesindistressedlandsubdivisionsandREOproperties;rebrandedasTheTrueLifeCompaniesinearly2011

In1999,establishedacapitalinvestmentfirmtoprovidefundingtolocaldevelopersandnationalhomebuilders,underwriting$5Binlanddevelopmentprojectsoveraspanof8years

PreviouslyfoundedTheConsummateGroup,anequipmentleasingcompany

LAND EXPERTISE

DavidHendrix,SENIORVP,RGM BrockChapman,SENIORVP,RGM

Over35yearsoflandacquisitionandrealestateexperienceinSouthernCalifornia

MostrecentlymanagedLosAngeles,OrangeandSanDiegodivisionlandacquisitionsforLennarHomes

ExecutiveVicePresidentandOrangeCountyDivisionManagerforKBHomewherehesupervisedfivedepartmentheadsanda16-personlandteam

14yearswithTheWarmingtonCompanies/WarmingtonLandCompany

23yearsofexperienceinlandacquisition,planning,entitlementanddevelopment

FormerU.S.DirectorofLandAcquisitionforSunEdison,heacquiredover11,000acresofland

Heldexecutive,managementandconsultingroleswithwellknownresidentialrealestatedevelopmentandrenewableenergycompaniesincluding: SolonCorporation,SunEdison,St.CharlesInvestmentCompany,KBHomeandVillageHomes.

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CAPITAL MARKETS

JoeFraser,CapitalRelations&Co-Founder BretBerry,SeniorDirectorCapitalMarkets

AtTheTrueLifeCompanies,heisakeymemberofthelandteam,guidingrelationshipswithinstitutionalcapitalpartnerstoensurealignmentandtransparency.BretbeganhiscareerasanAssetManagerandAdvisortoCalPERS

HewentontobecomeDirectorofBusinessDevelopmentatLNRPropertyGroup,wherehewasresponsibleforsourcingcapitalandmaintainingrelationshipsamongcapitalproviders,developers,brokersandbuilders.

AsakeymanwithTheTrueLifeCompanies,Joehas25yearsofbusinessdevelopment,andmarketingexperienceacrossmultipleindustries

Joeraisedover$400Millioninprivatecapitaltofundtheacquisitionanddevelopmentofresidentialland.

AsDirectorofBusinessDevelopmentwithLiquidPrice.com,heraisednearly$20millioninstart-upcapital,buildinglastingtrustrelationshipswithkeyAngelandVentureCapitalInvestors.

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THE PROBLEM

HousingSupply

USPopulation

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SUPPLY & DEMAND IMBALANCE

Home Builders:Lack of ConsistentSupply of “just in time” Homesites forHome Builders

Home Buyers:Lack of affordable HousingSupply Today, & for Future Generations

Land Sellers:Who can they trust to Optimize the value of their Land?

Capital:Low yields in Public Markets.Where can you find consistent mid-teen returns?

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THE SITUATION

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THE SOLUTION

LANDPURVEYORS

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- JointVenturewithLandOwner- StructuredLandSale- Option

Methods:1

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Land Entitlement & Community Creation Homesite Supply Chain

Build and Sell

REAL ESTATE ECOSYSTEM

HOME

Home Building

BUILDERS

2

THE SOLUTION

THE SOLUTION

ENDUSERS

CURRENT ESTIMATED U.S.POPULATION329,000,000

Confidential**U.S.CensusNewHousingUnitsStarted(NewResidentialConstruction)*Source: USNews.com – The Size of the U.S. and the World in 2016

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THE SOLUTION

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CAPITAL Yield

5 Year Treasury Rate

1. Source: U.S. Department of The Treasury. Data as of July 18,2016

- $200 Million Deployed in the last 30 months- Portfolio Diversification

- Current partner makeup: Family Offices, -High Net Worth Investors, RIAs, Institutions

- Non-Correlated to equities and fixed Income

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§ To preserve and return Investors capital with an attractive total return strategy.

§ This tactical method is intended to deliver asset appreciation, tax efficiency, and non-correlation to equity and fixed income markets.

ACCESS

ACCESS TO AN ALTERNATIVE INVESTMENT

HOME

CAPITAL

CreateNew Jobs

Yield

LAND

END

PLATFORM

Future OpportunityFor Families to Move In

Lack ofQuality Buyers

USERS

BUILDERS

-Seek to Preserve Capital-Targets Double Digit Risk Adjusted Returns

PURVEYORS

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PLATFORM ACCOMPLISHMENTS

Lots / Homesites 10 50 1000 3500 10,000 15,000 20,000+

2008 2010 2011 2012 2013 2015 2016 2020

Founded TTLC

Entered DenverMarket

Capital Deployed

32 Deals Boarded

$200M+$50M$30M$10M$1M

Entered ArizonaMarket

Entered Bay Area & Southern California Markets

$500M+

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Entered Sacramento Market

Entered Austin Market

INVESTING IN THE OUTCOME

LAND EXECUTION

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What’s Under the Hood?- Local Level Intelligence & --Enduring Relationships- Underwriting and Analysis of _Due Diligence to Mitigate Risk- Community Development- Master Plan Execution- Land Entitlements

- Deal Sourced by Managing Directors (MD) & Entitlement Managers

- Land Committee (RGM, Director of Capital Markets)

- Investor Committee (CEO, CFO, Land Committee)

- Investment Package prepared w/ Analysts & Project Managers

32DEALSBOARDEDTODATE

22ACTIVEPROJECTS

MD’S HAVEANAVGOF

25YEARSEXPERIENCE

20+PIPELINEDEALS

REGIONAL OFFICES & LOCAL EXPERTISE

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Acres: 275Lots: 604

Acres: 645Lots: 632

Acres: 3Lots: 61

Acres: 710Lots: 2,058

Acres: 18Lots: 96

Acres: 2Lots: 48

Acres: 2Lots: 50

Acres: 4Lots: 53

Acres: 72Lots: 318

Acres: 3Lots: 40

Acres: 80Lots: 320

Acres: 97Lots: 460

Acres: 280Lots: 349

Acres: 173Lots: 625

Acres: 101Lots: 330



Acres: 3,445Lots: 1,010

Acres: 680Lots: 550

Acres: 204Lots: 539

Acres: 4Lots: 128

Acres: 247Lots: 736

Acres: 2Lots: 100

Acres: 2Lots: 3

Acres: 810Lots: 144

- 5WesternStates- 8RegionalOffices- 11,216Homesites- Option,Ownedor- Controlledtodate

Questions?Contact Joe FraserP: 925.824.4303E: [email protected]

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These materials are for informational purposes only and do not constitute an offer or solicitation to sell any securities. Offers to sell securities will only be made to accredited investors and people qualified to purchase such securities in an offering exempt from registration under applicable securities laws pursuant to separate offering documents. In considering the performance of the True Life Companies and any affiliate of The True Life Companies, the reader should keep in mind that past performance is not indicative nor an assurance of the future performance of The True Life Companies or any affiliate thereof. The reader understands that there is an inherent risk of loss in all investments.

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