THE JACK AND LAURA DANGERMOND CONSERVATI

The foundation's primary activity is to receive significant contributions on an as-needed basis with a portion set aside for endowment. In futherance of its charitable, scientific and educational purposes, the corporation intends to utilize the contributions to (i) lease a portion of the bixby ranch (gaviota coast - north of santa barbara, california) from the bixby ranch current owner, (ii) establish a new conservation/habitat preservation area in the gaviota coast. Alternatively, the corporation may seek to directly purchase the same portion of the bixby ranch from its current owner. Regardless whether the corporation leases or purchases the bixby ranch, the corporation further expects to analyze and adopt appropriate conservation easements and other methods intended to ensure that the bixby ranch is protected in perpetuity.