iCap Rhody Ridge LLC

Fund: Fund 1, iCap Pacific Northwest Opportunity & Income Fund LLC

Fund: Fund 2, iCap Northwest Opportunity Fund LLC

Location: 11230 SE 80th St. Newcastle, WA 98056

Description: 15 lot plat in the City of Newcastle

Investment Date Fund 1: 10/16/2015

Investment Date Fund 2: 10/1/2015

Estimated Exit: 4/30/2019

Investment Amount to Date Fund 1: $208,845.98

Investment Amount to Date Fund 2: $2,835,486.92

Q1 2019 Progress Update: Final Plat approval is pending at the City. Once approved the parcel is under contract to be sold to a Builder.

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Jami Stevenson