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Endnotes <br />1. As of 12/31/18. Index of Tri -Valley companies as tracked through the Mirador Tri -Valley Index (MTVX) compared to S&P 500 index. <br />Returns are price returns. Not all companies in index would have outperformed on standalone basis. Past performance is not an indicator <br />of future success. <br />2. State of California Department of Finance. E-1 Population Estimates for Cities, Counties, and the State - January 1. 2017 and 2017. May <br />2018. <br />3. As measured by the Mirador Tri -Valley Index as of 12/31/18. Public company performance data sourced from FactSet. <br />4. Venture Capital figures in this report are sourced from PitchBook.com <br />5. State of California Department of Finance. E-1 Population Estimates for Cities. Counties. and the State - January 1. 2o17 and 2018, May <br />2018. <br />6. State of California Employment Development Department, 'LMI Resource and Dota,'Available at: htt ,-Iltobormarhetinjo.edd.co.gov/data/ <br />unemployment -and -tabor -force. html. <br />7. Adam McCann, WalletHub, 'Best & Worst California Cities for Finding a Job," December 6, 2018. Available at: <br />https://wallethub.com/edu/best-worst-cities-for jobs-in-caLifornia/16337/ <br />8. 'The 2018 Silicon Valley Index.' Available at: https://jointventure.org/publications/silicon-valley-index. <br />9. Average asking rent for multifamily units as of 04 0218, Source: Zillow. <br />lo. Average of Alameda and Contra Costa counties. Source: California Association of Realtors 2018 Q4 Housing Affordability. <br />11. Keown, Alex. "lox Genomics Prepares to Hire 20o New Employees. Move into Larger Facility," BioSpace.com. Available at: <br />https://www. biospace.com/article/lox-genomics-prepares-to-hire-200-new-employees-as-it-plans-to-move-into-larger-facility/ <br />12. Colliers International,'Pleasanton/Tri-Valley Office Market Report 04 2018,' March 2019. <br />13. Bay Area Council Economic Institute, "Tri -Valley Rising: Its Vital Role in the Bay Area Economy" Available at: <br />http://www.bayeconfor.org/media/files/pdf/BACEI_Tri_Valley-report. pdf. <br />34 <br />