Shadetree Partnership Inc.

“A copy of the organizations form 990 tax return is distributed to the governing board of directors for approval prior to its filing. This formal approval is documented in the minutes of the board of directors meeting and is a required procedure.”

“The organization has a formal conflict of interest policy. All members of the board of directors of the organization are required to sign this conflict of interest policy on an annual basis. The organization monitors this conflict of interest policy by enforcing its implementation as policy to members of the board of directors.”

“Copies of the governing documents, policies and procedures and the annual federal and state exempt tax returns are available to all members of the organization as well as to the general public upon a request made to the secretary of the organization.”

“Client Note 1 - STATEMENT NO. 1FORM 990SCHEDULE L PART IV DINDIVIDUAL'S COMPENSATION BY RELATED ORGANIZATIONSEMPLOYEE NAME: LESLIE BONKOWSKIRELATED ORGANIZATION: IRVINE RANCH WATER DISTRICTFEIN: 95-2232918RELATIONSHIP EXPLANATION: LESLIE BONKOWSKI IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY THIS BOARD MEMBER IS ONE HOUR PER WEEK. COMPENSATION PAID: $ 116,394DEFERRED COMPENSATION: $ 20,314COMPENSATION AGREEMENT: EACH BOARD MEMBER IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTHERSHIP, INC. BY ALL BOARD MEMBERS IS ONE HOUR PER WEEK.EMPLOYEE NAME: PAUL A. COOKRELATED ORGANIZATION: IRVINE RANCH WATER DISTRICTFEIN: 95-2232918RELATIONSHIP EXPLANATION: PAUL D. COOK IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY THIS BOARD MEMBER IS ONE HOUR PER WEEK. COMPENSATION PAID: $276,998DEFERRED COMPENSATION: $ 50,969COMPENSATION AGREEMENT: EACH BOARD MEMBER IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREEE PARTNERSHIP, INC. BY ALL BOARD MEMBERS IS ONE HOUR PER WEEKEMPLOYEE NAME: THOMAS BONKOWSKIRELATED ORGANIZATION: IRVINE RANCH WATER DISTRICTFEIN: 95-2232918RELATIONSHIP EXPLANATION: THOMAS BONKOWSKI IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY THIS BOARD MEMBER IS ONE HOUR PER WEEK. COMPENSATION PAID: $100,853DEFERRED COMPENSATION: $ 21,102COMPENSATION AGREEMENT: EACH BOARD MEMBER IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY ALL BOARD MEMBERS IS ONE HOUR PER WEEK.EMPLOYEE NAME: MARY AILEEN MATHEISRELATED ORGANIZATION: IRVINE RANCH WATER DISTRICTFEIN: 95-2232918RELATIONSHIP EXPLANATION: MARY AILEEN MATHEIS IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY THIS BOARD MEMBER IS ONE HOUR PER WEEK. COMPENSATION PAID: $ 24,680DEFERRED COMPENSATION: $ 10,211COMPENSATION AGREEMENT: EACH BOARD MEMBER IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTHERSHIP, INC.BY ALL BOARD MEMBERS IS ONE HOUR PER WEEK.EMPLOYEE NAME: IAN SWIFTRELATED ORGANIZATION: IRVINE RANCH WATER DISTRICTFEIN: 95-2232918RELATIONSHIP EXPLANATION IAN SWIFT IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, INC. BY THIS BOARD MEMBER IS ONE HOUR PER WEEK.COMPENSATION PAID: $ 102,755DEFERRED COMPENSATION $ 18,121COMPENSATION AGREEMENT EACH BOARD MEMBER IS PAID DIRECTLY BY THE IRVINE RANCH WATER DISTRICT FOR ALL SERVICES RENDERED. ALLOCATION OF THE TIME SPENT APPLICABLE TO SHADETREE PARTNERSHIP, IC. BY ALL BOARD MEMBERS IS ONE HOUR PER WEEK.”