Cliff Lede Vineyards: A California Winery Producing a Variety of Wines Tiburon Research March 4, 2019

Cliff Lede Vineyards Comments 2 Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 2

Cliff Lede Vineyards History Cliff Lede Vineyards was Founded in XXXX and Has Subsequently Evolved through its Early, Middle, & Recent Phases Cliff Lede Vineyards History Cliff Lede Vineyards Founded Cliff Lede Vineyards Today Early Phase Middle Phase Recent Phase Approximate Dates: XXXX XXXX - XXXX XXXX - XXXX XXXX - 2019 2019 Key Steps: XXXX: Cliff Lede Vineyards founded XXXX: -- XXXX: -- XXXX: -- Source: Tiburon Research & Analysis 3

Cliff Lede Vineyards was Founded in XXXX Comments Founded in XXXX Based in XXXX Source: Tiburon Research & Analysis 4

Cliff Lede Vineyards is Not a Frequent Advertiser Comments -- Source: Tiburon Research & Analysis 5

Cliff Lede Vineyards Web Site Cliff Lede Vineyards Has a Web Site with XXXX Core Sections, Including __ Cliff Lede Vineyards Web Site Cliff Lede Vineyards Web Site -- -- -- -- - -- Source: Tiburon Research & Analysis 6

Cliff Lede Vineyards is Not a Frequent Acquirer Comments -- Source: Tiburon Research & Analysis 7

Cliff Lede Vineyards Has a Charitable Giving Program Comments -- Source: Tiburon Research & Analysis 8

Cliff Lede Vineyards Has Employees Source: Tiburon Research & Analysis 9

Cliff Lede Vineyards Has Planted Acres Source: Tiburon Research & Analysis 10

Cliff Lede Vineyards Produces Tons of Grapes Source: Tiburon Research & Analysis 11

Cliff Lede Vineyards Produces Gallons of Wine Source: Tiburon Research & Analysis 12

Cliff Lede Vineyards Produces Cases Cases Produced Source: Tiburon Research & Analysis 13

Cliff Lede Vineyards Generates Revenues ($ Millions) Source: Tiburon Research & Analysis 14

Cliff Lede Vineyards Earns $___ Million Net Profits ($ Millions) Source: Tiburon Research & Analysis 15

Cliff Lede Vineyards Produces a Number of Varietals, Including… -- -- -- -- -- Source: Tiburon Research & Analysis 16

Cliff Lede Vineyards’s First Varietal is ___ Comments -- Source: Tiburon Research & Analysis 17

Cliff Lede Vineyards’s Second Varietal is ___ Comments -- Source: Tiburon Research & Analysis 18

Cliff Lede Vineyards is Led by its CEO… Organizational Chart -- -- -- -- -- -- Source: Tiburon Research & Analysis 19

Cliff Lede Vineyards Has a Board of Directors Led by its Chairman… -- -- -- -- -- -- -- -- -- -- Source: Tiburon Research & Analysis

Cliff Lede Vineyards is Privately Owned Comments -- Source: Tiburon Research & Analysis 21

Cliff Lede Vineyards Has Assets ($ Millions) Source: Tiburon Research & Analysis 22 22 22

Cliff Lede Vineyards Has Liabilities ($ Millions) Source: Tiburon Research & Analysis 23 23 23

Cliff Lede Vineyards Has Shareholders’ Equity ($ Millions) Source: Tiburon Research & Analysis 24 24 24

Cliff Lede Vineyards Earns … Per Share Earnings Per Share Source: Tiburon Research & Analysis 25 25 25

Cliff Lede Vineyards Declares … Dividends Per Share Source: Tiburon Research & Analysis 26 26 26

Cliff Lede Vineyards Has a … Dividend Yield Source: Tiburon Research & Analysis 27 27 27

Cliff Lede Vineyards’s Stock Price is … Source: Tiburon Research & Analysis 28 28 28

Cliff Lede Vineyards Has … Shares Outstanding Source: Tiburon Research & Analysis 29 29 29

Cliff Lede Vineyards’s Market Capitalization is … ($ Millions) Source: Tiburon Research & Analysis 30 30 30

Cliff Lede Vineyards is Owned by …. Ownership By Owner Source: Tiburon Research & Analysis 31 31 31

Cliff Lede Vineyards’s Stock Volume is…. Source: Tiburon Research & Analysis 32 32 32

Tiburon Strategic Advisors Comments Focus on corporate-level strategy Serve senior executives only at financial services companies Key services: market seminars, market research, & strategy consulting Served over 450 corporate clients and completed over 2,200 projects since 1998 Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors Chip Roame background McKinsey & Company Charles Schwab & Company Tiburon since 1998 Source: Tiburon Research & Analysis 33 33