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290 - lessors insurance policy©� �® 19000 macarthur blvd, Penthouse floor irvine, ca 92612 949.263.0606 edgewood partners insurance center ca license OB29370 epicbrokers.com February 10, 2015 The McFarland Family Trust c/o Fieldstone Attn : Bill McFarland "' 4 30 Fairbanks, Ste. #100 Irvine, CA 92618 Re: Lessor's Risk Policy (Building Owner) National Surety Corporation Policy #: AZC80880191 Dear Bill, Enclosed is your Lessor's Risk insurance policy with Fireman's Fund Ins. Co. The policy affords coverage from 12/14/2014 to 12/14/2015. Please read it carefully. If you have any questions regarding the coverage provided feel free to give me a call. We would like to thank you for choosing to place your insurance with Edgewood Partners Insurance Center (EPIC). It is a pleasure working with you and your organization. J cerely, Lupe Ortiz Sr. Account Manager 949 417-9144 lupe.ortiz@epicbrokers.com Encl. A Fireman's Fund POLICY NUMBER Previous Policy Numbers Coverage for policies A S1 AZC 80880191 A S1 AZC 80880191 other than WORKERS' COMPENSATION is provided in thefollowing Company: NATIONAL SURETY CORPORATION RENEWAL CERTIFICATE CHICAGO, IL 60603 A STOCK INSURANCE CO. (07) GENERAL DECLARATIONS Risk ID. J28/ Named Insured and Mailing Address THE MCFARLAND FAMILY TRUST 30 FAIRBANKS, STE 100 C/O FIELDSTONE IRVINE CA 92618 Producer Name and Address EDGEWOOD PARTNERS INS CENTER 19000 MACARTHUR BLVD PH FL IRVINE CA 92612 The Named Insured is a(n) TRUST Business or Operations of the Named Insured: OFFICES -LESSOR'S RISK ONLY Insurance is provided only under each coverage of this policy or the WORKERS' COMPENSATION AND EMPLOYERS' LIABILITY POLICY listed below, subject otherwise to all the terms and conditions of the General Provisions and of said Coverage(s) or policy having reference thereto. PROPERTY/LIABILITY COVERAGES In consideration of the premium stated below, and subject otherwise to all of the provisions of this policy existing on expiration thereof, it is agreed that the policy period is extended and made to read: Policy Period (For above coverages) INCEPTION DATE 12-14-14 EXPIRATION DATE 12-14-15 Beginning and Ending at 12:01 A.M., Standard Time at the address of the insured 8x RC - 1 POLICY NUMBER A Sl AZC 80880191 RENEWAL CERTIFICATE Named Insured MCFARLAND FAMILY TRUST RENEWAL CERTIFICATE Continued PREMIUM SUMMARY: This policy is being renewed at rates in effect on the date of renewal. This policy may be subject to premium adjustment per policy terms. Read your policy carefully. Estimated Annual Premium $7,989.00 Premium Due at Inception $7,989.00 Terrorism Risk Insurance Act (-The Act") - Certified Acts Coverage - All Coverages Subject to the Act EWC1 WC and Umbrella - Covered $146 This Policy may be subject to Premium Adjustment per Policy Terms. A $10 INSTALLMENT FEE WILL BE ADDED TO EACH INSTALLMENT INVOICE. LOCATIONS OF PREMISES --Applicable to Coverages specified in these Declarations (Not applicable to WORKERS` COMPENSATION AND EMPLOYERS• LIABILITY POLICY) LOC. 001 290 PAULARINO ORANGE CA 92868 ORANGE (CNTY) RC - 2 POLICY NUMBER A 51 AZC 80880191 RENEWAL CERTIFICATE Named Insured MCFARLAND FAMILY TRUST RENEWAL CERTIFICATE Continued Forms Added at the Inception of this Renewal Certificate 145919 12-07 REV CONDITIONAL EXCLUSION OF TERRORISM INVOLVING NUCLEAR, BIOLOGICAL OR CHEMICAL (RELATING TO DISPOSITION OF FEDERAL TERRORISM RISK INSURANCE ACT) (145919 12 07R) 145922 12-07 REV CONDITIONAL EXCLUSION OF TERRORISM INVOLVING NUCLEAR, BIOLOGICAL OR CHEMICAL TERRORISM (RELATING TO DISPOSITION OF FEDERAL TERRORISM RISK INSURANCE ACT) (145922 12 07R) 145927 12-07 REV DISCLOSURE OF PREMIUM AND ESTIMATED PREMIUM FOR CERTIFIED ACTS OF TERRORISM COVERAGE (PURSUANT TO TERRORISM RISK INSURANCE ACT) (145927 12 07R) Forms Deleted at the Inception of this Renewal Certificate 8 8 8 145927 12-07 DISCLOSURE OF PREMIUM AND ESTIMATED PREMIUM FOR CERTIFIED ACTS OF TERRORISM COVERAGE rc 0 E (PURSUANT TO TERRORISM RISK INSURANCE ACT) (145927 12 07) N Countersignature of Authorized Agent: Date 10/07/14 Producer EDGEWOOD PARTNERS INS CENTER 19000 MACARTHUR BLVD PH FL IRVINE CA 92612 RC- 3 POLICY NIJiMBER A 51 AZC 8088 01 91 Named Insured MCFARLAND FAMILY TRUST PROPERTY/LIABILITY DECLARATIONS Sequential Endorsement Number R03 (continued) WE WILL PROVIDE YOU WITH INSURANCE FOR THOSE LOCATIONS DESCRIBED IN THE GENERAL DECLARATIONS AND FOR THOSE COVERAGES FOR WHICH A SPECIFIC LIMIT OF INSURANCE (LIMIT) IS SHOWN. COVERAGES LIMITS SECTION 1. COV. A BUSINESS REAL PROPERTY GUARANTEED REPLACEMENT COST LOC 001 $ 2,272,000 DEDUCTIBLE: $1,000 SECTION 2. EXCEPT FOR FIRE LEGAL LIABILITY OR TENANT'S LEGAL LIABILITY, EACH PAID CLAIM FOR THE FOLLOWING COVERAGES REDUCES THE AMOUNT OF INSURANCE WE PROVIDE DURING THE APPLICABLE ANNUAL PERIOD. PLEASE REFER TO PARAGRAPH J 4 OF THE BUSINESS LIABILITY FORM. COV. C BUSINESS LIABILITY $1,000,000 PER OCCURRENCE $2,000,000 GENERAL AGGREGATE COV. D MEDICAL PAYMENTS $ 10,000 EACH PERSON TENANT'S LEGAL LIABILITY $ 100,000 ANY COVERED CAUSE OF LOSS OPTIONAL COVERAGES THE OPTIONAL COVERAGES SHOWN BELOW APPLY TO ALL LOCATIONS UNLESS OTHERWISE IN- DICATED. THE LIMIT OF INSURANCE FOR THESE COVERAGES IS THE APPLICABLE SECTION 1 OR SECTION 2 LIMIT SHOWN ABOVE FOR THAT LOCATION UNLESS A LIMIT OF INSURANCE IS DESCRIBED IN THE COVERAGE FORM OR IS SHOWN BELOW. WATER DAMAGE ENDORSEMENT GUARANTEED REPLACEMENT COST LOC 001 $ 25,000 LIMIT LOC(S) 001 EQUIPMENT BREAKDOWN COVERAGE, DATA COMPROMISE COVERAGE, IDENTITY RECOVERY COVERAGE LOC(S) 001 HIRED AND NON -OWNED AUTO LIABILITY RENEWAL CERTIFICATE CONTINUED ON PAGE 5 Page 4 POLICY NUMBER A S1 AZC 8088 01 91 Named Insured MCFARLAND FAMILY TRUST PROPERTY/LIABILITY DECLARATIONS Continued OPTIONAL COVERAGES Continued REAL ESTATE OWNERS E%TENSION ENDORSEMENT Sequential Endorsement Number R03 (continued) LIMITATION OF COVERAGE TO DESIGNATED PREMISES OR PROJECT LOCATIONCSI SHOWN IN THE DECLARATION APPLICABLE TO THIS POLICY MORTGAGEES AND LOSS PAYEES MORTGAGEE A/I NO. 01 LOC 001 NAME: WELLS FARGO BANK, ATTN: DIS/T. VILLA-AGSALUD MAC #AO187-084 STREET: 201 THIRD STREET, 8TH FLOOR CITY: SAN FRANCISCO ST: CA ZIP CODE: 94103 PROPERTY: LOAN# 9642567309 THESE DECLARATIONS ARE ISSUED IN CONJUNCTION WITH AND ARE PART OF POLICY FORM AB9000 -12-93 REV 02 END OF PROPERTY/LIABILITY DECLARATIONS END OF RENEWAL CERTIFICATE Page 5 Conditional Exclusion of Terrorism Involving Nuclear, Biological or Chemical Terrorism (Relating to Disposition of Federal Terrorism Risk Insurance Act) - 145919 12 07 Policy Amendment(s) This endorsement modifies insurance provided under the following: Commercial General Liability Coverage Liquor Liability Coverage Owners and Contractors Protective Liability Coverage Pollution Liability Coverage Products/Completed Operations Liability Coverage Railroad Protective Liability Coverage Underground Storage Tank Liability Coverage Directors and Officers Liability Insurance Coverage Employment Practices Liability Insurance Coverage Employers' Liability Stop Gap Insurance Coverage American Business Coverage (Section II) Farm Liability Coverage A. Applicability of the Provisions of this Endorse- ment 1. The provisions of this endorsement become a %c'a a commenem on a date when an one or more o t e followin¢ fust occurs. But d your policy (meaning the policy period in which this endorsement applies) egins after such date then the prorcssions of this endorsement become applicab a on the ate your policy begins. a. The Terrorism Risk Insurance Act. as amended The Act) has luMted with respect to the type of insurance provided under this Coverage Part or Policy; or b. A renewal, extension or replacement of The Act has become effective without a mcpisrexcient to make terrorism coverage avadable to You and with revisions that: (1) Increase our statuto ercenta deductible under a Act for terror- ism losses. (That deductible deter- mines the amount of all certified terrorism losseswR must pay in a calendar year, before the federal government shares in subsequent payment of ctntsed terrorism losses.); or (2) Decrease the federal government's statutory percentage share in poten- tial terrorism losses above such deductible: or (3) Redefine terrorism or make insur- ance coverage for terrorism subject to provisions or requirements that differ from those that apply to other types of events or occurrences under this Coverage Part or Policy. 2. If the provisions of this endorsement become applicable, such provisions: This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's ,Fund Insurance Companies u named in the policy secretary President 105919 IbmR ® 2m1 F.'s Fund houranre Cmmpeny, Novato, CA. All 6,1n, reserved. Includes copyrighted marrrud of Imumnce Services Olhre, Inc., with in pemuadon. Page I of 2 b. Remain applicable unless we notify you of changes in these provisions, in re- sponse to federal law. 3. If the provisions of this endorsement do NOT become applicable, any terrorism endorse- ment already endorsed to this policy, that ad- dresses certified acts of terrorism and/or other acts of terrorism, will continue in effect unless we notify you of changes to that endorsement in response to federal law. B. The following definitions am added and apply un- der this endorsement: 1. Terrorism means activities against persons, organizations or property of any nature: a. That involve the following or preparation for the following: (1) Use or threat of force or violence; or (2) Commission or threat of a danger- ous act; or (3) Commission or threat of an act that interferes with or disrupts an elec- tronic, communication, information, or mechanical system; and b. When one or both of the following ap- plies: (1) The effect is to intimidate or coerce a government or the civilian popu- lation or any segment thereof, or to disrupt any segment of the econ- omy; or to further political, ideological, reli- gious, social or economic objectives or to express (or express opposition to) a philosophy or ideology. 2. Any Injury or damage means any injury or damage covered under any Coverage Pari or Policy to which this endorsement is applica- ble, and includes but is not limited to bodily injury, property damage, personal and adver- tising injury, injury, act, error or omission in the performance of professional services or environmental damage as may be defined in any applicable Coverage Part or Policy. C. The following exclusion is added: Exclusion of Terrorism Involving Nuclear, Biolog- ical or Chemical Terrorism This insurance does not apply to any injury or damage caused directly or indirectly by terrorism, including action in hindering or defending against an actual or expected incident of terrorism. Any injury or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to such injury or damage. But this exclusion applies only when one or more of the following are attributed to an incident of terrorism: 1. The terrorism is carried out by means of the dispersal or application of radioactive mate- rial, or through the use of a nuclear weapon or device that involves or produces a nuclear reaction, nuclear radiation or radioactive con- tamination; or 2. Radioactive material is released, and it ap- pears that one purpose of the terrorism was to release such material; or 3. The lerrorism is carried out by means of the dispersal or application of pathogenic or poi- sonous biological or chemical materials; or 4. Pathogenic or poisonous biological or chemi- cal materials are released, and it appears that one purpose of the terrorism was to release such materials. In the event of any incident of terrorism that is not subject to this exclusion, coverage does not apply to any injury or damage that is otherwise excluded under this Coverage Part or Policy. (2) It appears that the intent is to in- All other terms and conditions of the policy remain timidate or coerce a government, or unchanged. 145919 12 07R ® tlnl Fimnan's Fund Ivurance Company, Novato, CA. Ail nghts mxved. Includes mpynghud nnatcnal of lmm a sernces Onix, IM., uoN its perunto.n. Page 2 of 2 Conditional Exclusion of Terrorism Involving Nuclear, Biological or Chemical Terrorism (Relating to Disposition of Federal Terrorism Risk Insurance Act) - 145922 12 07 this endorsement changes the policy. Please read it carefully. This endorsement modifies insurance provided under the following: Commercial Crime Coverage Part(s) Commercial Inland Marine Coverage Part(s) Commercial Properly Coverage Parl(s) Farm Coverage Partin) Standard Property Policy American Business Coverage Policy - Section I Schedule The Exception Covering Certain Fire Losses (Paragraph D) applies to property located in the following state(s), if covered under the indicated Coverage Form, Coverage Part, Coverage Section or Policy: Slate(s) Coverage Form, Coverage Part, Coverage Section or Policy California, Connecticut, Georgia, Hawaii, Standard Property Policy; Commercial Property Coverage; Illinois, Iowa, Maine, Massachusetts, American Business Coverage Policy - Section I; Faun Properly - Missouri, New Jersey, New York, Farm Dwellings, Appurtenant Structures And Household North Carolina, Oregon, Personal Property Coverage Form; Faun Property - Farm Rhode Island, Virginia, Washington, Personal Properly Coverage Form; Farm Properly - Barns, West Virginia, Wisconsin Outbuildings And Other Farm Structures Coverage Form California, Maine, Missouri, Oregon, Commercial Inland Marine Coverage; Mobile Agriculture Wisconsin Machinery and Equipment Coverage Form; Livestock Coverage Form Information required to complete this Endorsement will be shown in the Declarations as applicable to this Endorsement. A. Applicability of the Previsions of this Endorse- if your policy (meaning the policy period in anent which this endorsement applies) begins after 1. The provisions of this endorsement becomesuch date, then the provisions of this applicable commencing on the date when any endorsement become applicable on the date one or more of the following first occurs But Your policy begins. This Form must be another] to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Inmrana Compania as named in the policy Secretary 10.593] 12 01a ® 3007 Fireman's Food Ineurane, company, Novato, CA. All nghn reserved. memdo copyrnacd mater of Imunewe services Office, Inc., whits p<mtimon. President Page 1 of 3 a. The Terrorism Risk Insurance Act, as amended (The Act), has terminated with respect to the type of insurance provided under this Coverage Form, Coverage Part, Coverage Section or Policy; or b. A renewal, extension or replacement of The Act has become effective without a requirement to make terrorism coverage available to you and with revisions that: (1) (2) Decrease the federal government's statutory percentage share in poten- tial terrorism losses above such deductible; or (3) Redefine terrorism or make insur- ance coverage for terrorism subject to provisions or requirements that differ from those that apply to other types of events or occurrences under this policy. 2. If the provisions of this endorsement become applicable, such provisions; b. Remain applicable unless we notify you of changes in these provisions, in re- sponse to federal law. acts of terrorism, will continue in effect unless we notify you of changes to that endorsement in response to federal law. B. The following definition is added and applies un- der this endorsement wherever the term terrorism is in bold face. Terrorism means activities against persons, organ- izations or property of any nature: 1. That involve the following or preparation for the following: a. Use or threat of force or violence; or b. Commission or threat of a dangerous net; or c. Commission or threat of an act that in- terferes with or disrupts an electronic, communication, information, or me- chanical system; and 2. When one or both of the following applies: a. The effect is to intnnidate or coerce a government or the civilian population or any segment thereof, or to disrupt any segment of the economy; or b. It appears that the intent is to intimidate or coerce a government, or to further political, ideological, religious, social or economic objectives or to express (or express opposition to) a philosophy or ideology. C. The following exclusion is added: EXCLUSION OF TERRORISM We will not pay for loss or damage, or your li- ability for loss or damage, caused directly or indi- rectly by terrorism, including action in hindering or defending against an actual or expected incident of terrorism. Such loss or damage, or your liability for loss or damage, is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss. But this exclusion applies only when one or more of the following are attributed to an incident of terrorism: 3. If the provisions of this endorsement do NOT become applicable, any terrorism endorse- 1. The terrorism is carried out by means of the ment already endorsed to this policy, that ad- dispersal or application of radioactive mate - dresses certified acts of terrorism and/or other rial, or through the use of a nuclear weapon 145922 12-01R C 2a7 riremm's Ford Insurance Compmr. Novato, CA. A11 right, mmol. mnudca copyrighted mammal or mwrmcc services oma, Inc., with a, paon;iam. Page 2 of 3 or device that involves or produces a nuclear insurance pmvided under Business Income and/or reaction, nuclear radiation or radioactive con- Extra Expense coverage forms or endorsements lamination; or that apply to those coverage forms, or to the Legal Liability Coverage Form, or the Leasehold Interest 2. Radioactive material is released, and it ap- Coverage Form, or the Net leasehold Coverage pears that one purpose of the terrorism was Form. to release such material; or 3. The terrorism is carried out by means of the dispersal or application of pathogenic or poi- sonous biological or chemical materials; or 4. Pathogenic or poisonous biological or chemi. cal materials are released, and it appears that one purpose of the terrorism was to release such materials. D. Exception Covering Certain Fire Losses The following exception to the Exclusion Of Ter- rorism applies only if indicated and as indicated in the Schedule of this endorsement. If terrorism results in fire, then we will pay for the loss or damage, or your liability for loss or dam- age, caused by that fire, subject to all applicable policy provisions including the Limit of Insurance on the affected property. Such coverage for fire applies only to direct loss or damage by fire to covered Property or Property Insured. Therefore, for example, the coverage does not apply to E. Application of Other Exclusions 1. When the Exclusion Of Terrorism applies in accordance with the terms of C.I. or C.2., such exclusion applies without regard to the Nuclear Hazard Exclusion in this Coverage Form, Coverage Part, Coverage Section or Policy. The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for any loss or damage, or your li- ability for loss or damage, which would oth- erwise be excluded under this Coverage Form, Coverage Part, Coverage Section or Policy, such as losses excluded by the Nuclear Hazard Exclusion or the War And Military Action Exclusion. F. This endorsement is otherwise subject to all terns, conditions, provisions, and stipulations of the policy to which it is attached. 163922 13 07R ® 3009 Fireman's Fund Insur n Company, Novaln, CA. All nghn reserved. mdudes copyrighted marenal of 1.aervim omcq Ina., a% As permission. Page 3 of 3 Disclosure of Premium and Estimated Premium for Certified Acts of Terrorism Coverage (Pursuant to Terrorism Risk Insurance Act) 145927 1207 This Endorsement is attached to and made part of your policy in response to the disclosure requirements of the Ter- rorism Risk Insurance Act. A. Disclosure of Premium In accordance with the federal Terrorism Risk In- surance Act, as amended, we are required to pro- vide you with a notice disclosing the portion of your premium, if any, attributable to coverage for terrorist acts certified under the Terrorism Risk Insurance Act, as amended ("certified acts of ter- rorism'). The portion of your premium attribut- able to such coverage is shown in the policy Declarations. 77»s premium is based on the rates in effect at the time of policy issuance or policy anniversary and was calculated for the full term of the current policy period. B. Disclosure of Federal Participation in Payment of Terrorism Loasass The United States Government, Department of the Treasury, will pay a share of terrorism losses insured under the federal program. The federal share equals 85% of that portion of the amount of such insured losses that exceeds the applicable insurer retention. However, if aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act, as amended, exceed $100 billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceed $100 billion. C. Cap on Insurer Participation in Payment of Ter- rorism Losses If aggregate insured losses attributable to terrorist acts certified under the Terrorism Risk Insurance Act, as amended, exceed $100 billion in a Program Year (January I through December 31) and we have met our insurer deductible under the Terror- ism Risk Insurance Act, as amended, then we shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. D. Possibility of Additional or Return Premium The premium for certified acts of terrorism cover- age is calculated based in pari on the federal par- ficipation in payment of terrorism losses as set forth in the Terrorism Risk Insurance Act, as amended. If the federal program terminates or if the level or terms of federal participation change, the premium charge for acts of terrorism as shown in the Declarations of this policy may also change. If this policy contains a Conditional Exclusion, continuation of coverage for certified acts of ter- rorism, or termination of such coverage, will be determined upon disposition of the Federal pro- gram, subject to the terms and conditions of the Conditional Exclusion. If this policy does not contain a Conditional Exclusion, coverage for certified acts of terrorism will continue. In either case, when disposition of the federal program is determined, we will recalculate the premium charge made for those acts of terrorism covered by the Terrorism Risk Insurance Act, as amended, that remain covered by this policy after the dispo- sition of the federal program. We will calculate the premium charge as follows: This Form must be attached to Change Endorsement when issued after the policy is written. One of the Fireman's Fund Insurance Companies as named in the policy Secretary 145927 IZ07R 0 207 Fireman', Fund Insurance Company, N.v&, CA. All nglm reserved. Includes copyrighted material of Imuran e services Office, Inc., wiO on permission. LL \ ,�, � cs. t2 President Page I of 2 1. We will calculate the pro -rated premium shown in the Declarations for certified acts of terrorism from the effective date of your policy to the date of expiration or change of the federal program. 2. We will calculate the pro -rated premium charge for acts of terrorism that remain cov. ered for the policy period that remains in ef- fect from the expiration or change of the federal Program to the anniversary or expira. tion date of your policy. 3. We will add the amount determined in D.1. above to the amount determined in D.2. above. 163927 12-07a ® 3007 Fireman's Fund Insurance Company, Novam, CA. All ngba reserved. Inclucics ccpy ghted material of Incur c Services Office, Inc., mlN ill pem corn. Such premium will be your revised annual pre- mium for coverage for acts of terrorism. a. If the revised annual premium determined above is an additional premium, this addi- tional premium may be waived by us for the remainder of the policy term. b. If the revised annual premium deter. mined above is a return premium, we will refund this amount to you. All other terms and conditions of the policy remain unchanged. Page 2 of 2