Adastra Wines: An Organic Family Winery Tiburon Research June 26, 2015

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 1 Adastra Wines Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis  Founded in 1850  Based in Carneros, CA  20 planted acres  Owner: Chris Thorpe  Web site: Comments

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 2 Adastra Wines Does Not Have a Tasting Room and is Rarely Open to the Public Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis -- Comments

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 3 Adastra Wines Has a Wine Club -- Comments Source:6/26/15 Adastra Wines Web Site; 4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 4 Adastra Wines Only Opens to the Public for Two Events; April in Carneros and Holiday in Carneros November 19 th & 20 th, Winery open house from 10am to 4pm April in Carneros April 16 th & 17 th, Winery open house from 10am to 4pm Holiday in Carneros Adastra Wines Events Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 5 Adastra Wines’ Open House Events are Both Organized by the Hospitality de los Carneros Organization Source:4/21/05 Adastra Web Site; 4/21/05 Hospitality de los Carneros Web Site; Tiburon Research & Analysis -- Comments

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 6 Adastra Wines Cases Produced Adastra Wines Produces 1,389 Cases of Wine, Consistent Since 2004 Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 7 Adastra Wines Cases Produced By Varietal Adastra Wines’ Largest Volume Production is in Chardonnay and Merlot Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 8 Adastra Wines Wines Adastra Wines Has a Number of Wines, Including Chardonnay, Pinot Noir, & Merlot Adastra Wines Wines ChardonnayMerlotPinot Noir Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 9 -- Comments Adastra Wines’ First Wine is Chardonnay Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ Comments Adastra Wines’ Second Wine is Pinot Noir Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ Comments Adastra Wines’ Third Wine is Merlot Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 12 Adastra Wines is Led by its Owner & General Manager Chris Thorpe Adastra Wines Organizational Chart Source:4/21/05 Adastra Web Site; Tiburon Research & Analysis Chris Thorpe Owner Edwin RichardsTom Hecht Pam Starr Consultant

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 13 Adastra Wines Has a Board of Directors, Led by its Chairman… Source:Tiburon Research & Analysis Adastra Wines Board of Directors --

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 14 Source:Tiburon Research & Analysis Adastra Wines is Privately Owned -- Comments

– Adastra Wines © Tiburon Strategic Advisors, LLC™ 15 Source:Tiburon Research & Analysis Tiburon Strategic Advisors Focus on corporate-level strategy -Serve senior executives only at financial services companies -Key services: market seminars, market research, & strategy consulting -Served over 400 corporate clients and completed over 1,700 projects since 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 Comments