−Removed: Following is a description of our significant properties.
−Removed: The Cadiz Valley Property
−Removed: We own approximately 35,000 acres of largely contiguous desert land in the Cadiz and Fenner valleys of eastern San Bernardino County, California (the “Cadiz Property”).
+Added: Following is a description of our 46,000 acres of landholdings in the Eastern Mojave Desert in Southern California.
+Added: The Cadiz Ranch Property
+Added: We own approximately 35,000 acres of largely contiguous desert land in the Cadiz and Fenner valleys of eastern San Bernardino County, California (the “Cadiz Ranch”).
This area is located approximately 80 miles east of Barstow, California and 30 miles north of the Colorado River Aqueduct, and 110 miles north-east of Palm Springs.
−Removed: The Cadiz Property, which is at the base of a topographically diverse 1,300 square mile watershed, is the principal location of our business operations, including our agricultural operations and ongoing development of our water supply, storage and conveyance projects.
−Removed: Independent geotechnical and engineering studies conducted since initial acquisition have confirmed that the Cadiz Property overlies a significant aquifer system that can support agricultural development, the conservation of groundwater for off property water supply and the storage of imported water.
−Removed: Approximately 3,100 acres of the Cadiz Property is actively farmed by us or leased to third parties for farming activities and includes agriculture and water infrastructure including wells, wellfield manifold, pipelines, worker housing, and energy and transportation facilities (see Item 1.
−Removed: “Description of Business”, above).
+Added: The Cadiz Ranch, which is at the base of a topographically diverse 2,000 square mile watershed, is the principal location of our business operations, including our agricultural operations and ongoing development of our water supply, storage and conveyance projects.
+Added: Independent geotechnical and engineering studies conducted since initial acquisition have confirmed that the Cadiz Ranch overlies a significant aquifer system from a watershed with an estimated 30-50 million acre-feet of groundwater that can support agricultural development, the conservation of groundwater for off-property uses the storage of imported water.
+Added: Approximately 3,100 acres of the Cadiz Ranch are actively farmed by us or leased to third parties for farming activities and includes agriculture and water infrastructure including wells, wellfield manifold, pipelines, worker housing, and energy and transportation facilities (see Item 1.
+Added: “Business”, above).
Additional Eastern Mojave Properties
−Removed: In addition to the Cadiz Property, we also own approximately 11,000 additional acres in the eastern Mojave Desert portion of San Bernardino County, California at two separate properties.
We own approximately 9,000 acres in the Piute Valley.
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We are presently marketing these credits to a variety of planned developments in the region.
−Removed: We own nearly 2,000 acres near Danby Dry Lake in Ward Valley, approximately 30 miles southeast of the Cadiz Property.
+Added: We own nearly 2,000 acres near Danby Dry Lake in Ward Valley, approximately 30 miles southeast of the Cadiz Ranch.
Our Danby Dry Lake property is located approximately 10 miles north of the Colorado River Aqueduct.
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Executive Offices
−Removed: We lease approximately 3,800 square feet of office space in Los Angeles, California for our executive offices.
−Removed: This lease is month-to-month.
−Removed: Current base rent under the lease is approximately $8,600 per month.
+Added: We lease approximately 4,500 square feet of office space in Los Angeles, California for our executive offices (“Executive Office Lease”).
+Added: The Executive Office Lease terminates in May 2030.
+Added: The current base rent under the Executive Office Lease is approximately $10,000 per month.
+Added: We lease a total of approximately 44,500 square feet of industrial space under two leases in Hollister, California for our water filtration technology operations (“Hollister Leases”).
+Added: The Hollister Leases terminate in October 2026 and May 2029.
+Added: The current base rent under the Hollister Leases is approximately $35,500 per month.
Cadiz Real Estate
−Removed: Title to all of our real estate assets is held by Cadiz Real Estate LLC (“Cadiz Real Estate”), a wholly owned subsidiary of Cadiz Inc.
+Added: Title to substantially all of our real estate assets is held by Cadiz Real Estate LLC (“Cadiz Real Estate”), a wholly owned subsidiary of Cadiz Inc.
The Board of Managers of Cadiz Real Estate currently consists of two managers appointed by the Company’s Board of Directors.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.