Village Shoresat the Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Dear Realtors®,

Our new development which we have named Village at The Shores, is located right next to our most recent project that many of you know quite well – The Shores at Stillwater. We are just wrapping up our fifty-ninth unit there at The Shores, and are taking the same quality next door to the Village. For example, at the Village, units will come standard with Viking Professional Series appliances, beautiful hardwood floors in the great room, stone and tile in the kitchen and bathrooms, and basically many of the same features and finishes we employed at The Shores.

Village at The Shores will have forty-four units and be constructed in four phases, the first of which being an eight-plex. In this phase, all eight units will be 3-bedroom/2-bath configurations of 1,560 square feet and pricing will start at $275,000. We expect to be completed with these eight units well before the start of the 2013- 2014 ski season.

As many of you know, I have been a developer here in Utah for – well many years now. Two of my sons joined with me several years ago and we are carrying on the family tradition of developing high quality properties that will bring joy to your clients families for generations as well.

I encourage you to come out and see our furnished model. Given the similarity of finishes, we are using one of our town homes at The Shores as the model, so you and you clients can see what they can expect at Village at The Shores. We are kicking off with a Reservation program and expect to convert to Real Estate Purchase Contracts prior to December 1st. Knowing you are in a cash flow business, we have structured our commissions so that half of the three percent (3%) Buyer Agency Commission is paid when your clients remove the due diligence and any other contingencies from the REPC, and the remainder at closing.

Thank you for your interest in Village at The Shores and best regards.

Lee BurbidgeLandscope Development, LLC

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Village at The Shores is a forty-four unit condominium complex being constructed adjacent to The Shores at Stillwater®. The developer is just completing The Shores, which is comprised of fifty-nine town homes which have sold from $400,000 to $1,500,000 over the past six or so years.

Situated less than a three-minute drive to the Deer Valley® Jordanelle Express Gondola, and a three-minute drive in the other direction from the Jordanelle Marina, Village at The Shores is an extension of the quality delivered next door at The Shores development, with standard features including Viking Professional® appliances, custom wood flooring, beautiful granite and natural stone, etc. Introductory prices start at $275,000 for a three-bedroom condominium.

Village at The Shores will be constructed in four phases, the first phase consisting of eight units in two stories over a secured parking garage. The other three buildings will each have twelve elevator-serviced units over secure parking. Occupancy of the first phase is expected in the Fall of 2013.

Giving the enthusiasm we have received just through word of mouth – no kidding - we are kicking off with a Reservation program and expect to convert to Real Estate Purchase Contracts prior to December 15th. We have structured commissions with the developer so that half of the three percent (3%) Buyer Agency Commission is paid when your clients remove the due diligence and any other contingencies from the REPC, and the remainder at closing.

In this portfolio you will find site plans, floor plans, standard finishes and features, frequently asked questions, and a Reservation Agreement.

REALTORProject

Overview

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Question & Answers

How would you best describe Village at The Shores? Village at The Shores is a forty-four unit condominium complex being constructed adjacent to The Shores at Stillwater®. The developer is just completing The Shores, which is comprised of fifty-nine town homes which have sold from $400,000 to $1,500,000 over the past six or so years.

Where is it located? Village at The Shores is situated less than a three-minute drive to the Deer Valley® Jordanelle Gondola, and a three-minute drive in the other direction to the Jordanelle Marina. Village at The Shores is an extension of the quality delivered next door at The Shores at Stillwater® development, with standard features including Viking Professional appliances, five inch custom wood flooring, beautiful granite and stone, etc. Introductory prices start at $275,000 for a three-bedroom condominium. Who is the developer of Village at The Shores? Landscope, LLC a Utah company owned by Lee and Bret Burbidge. As mentioned above, Landscope and the Burbidge’s developed the highly successful neighboring development known as The Shores at Stillwater®.

How many units will there be? At build out Village at The Shores will have forty-four units. The development will be constructed in four phases with Phase One being eight units over secure parking. Each one of the phases will be its own Home Owner’s Association (HOA) with the smaller HOA’s allowing for ease of financing in today’s difficult credit markets. The four HOA’s will have the flexibility of joining up at the completion of the development, if doing so provides sufficient economies of scale at that time.

What size will the units be? All eight units in Phase One will have 3-bedrooms and 2-baths in 1,560 square feet.

What about materials and specifications? With the Reservation materials, you will find the “Standard Features” which describes these elements.

How many spaces will be in the garage? In Phase One there will be twenty parking spaces. One assigned.

What city, municipality or private companies provides services? Village at The Shores is located in Wasatch County and receives sheriff, fire services and road maintenance services from Wasatch County. All schools are located in

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Question & Answers

- part 2

Heber City, Utah. Water and Sewer services are provided by the Jordanelle Special Service District.

What assessments are currently attached to the property? Residents will be subject to assessments from the following entities: Jordanelle Special Service District (JSSD), Wasatch County, The Stillwater Master Association, and Village at The Shores Homeowner’s Association, Inc. A complete list of all assessments will be included in the Due Diligence materials described herein.

How much is each assessment? The Fire District considers each unit/front door as one ERU. Therefore, once your unit is built/has a Certificate of Occupancy they will bill the monthly O&M costs as if each unit is 1.0 ERU. The current amount is $12.15 per ERU per month. The Fire District reviews and adjusts their budget on an annual basis. Therefore, the $12.15/ERU per month could change in the future. Each unit is assigned .75 of an ERU. Village at The Shores’ portion of the Stillwater Master Association’s 2013 annual assessment is yet to be established and therefore Village at The Shores Homeowner’s Association, Inc. fees are yet to be established but will be established prior to your receipt of the Due Diligence materials described herein. The fees will cover common area maintenance, common area insurance, reserve fund maintenance, snow removal, landscaping, etc.

How much will the property taxes be? Property taxes assessed by Wasatch are equal to 1.1% of the property’s assessed value annually.

Will Village at The Shores have a Home Owner’s Association (HOA)? Yes, it is a condominium and Utah Law requires all condominiums to be run by an HOA.

Will Village at The Shores have protective covenants? Yes, it is a condominium and the Covenants, Conditions and Restrictions, HOA budget, and Rules & Regulations, will be a part of the Due diligence Materials you will be presented for review.

Is Village at The Shores a member of the Deer Valley Lakeside Resort Specially Planned Area, RSPA? No. The Stillwater Master Association was created and entitled before the creation of RSPA and was grandfathered exemptions from participation. The Village has the option as to whether it will one day participate or not. As of this date, costs and privileges have not yet been determined.

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

What is RSPA? RSPA is a Resort Specially Planned Area consisting of 4,268 total acres and has a density allocation of 4,105 dwelling units. Its current master plan allows for commercial villages and golf course development. The RSPA master plan will be included in the due diligence materials.

Does Village at The Shores allow nightly rentals? Yes, both nightly and long term.

What is the construction completion schedule? December of 2013 is the anticipated date, just before the start of the 2013 – 2014 ski season. How does the Reservation process work? It is a Reservation to purchase a specific unit in Village at The Shores.

How much is the Reservation Deposit? $5,000.

Where will the Reservation Deposit be held? Coalition Title Agency’s trust account.

How do I get the Reservation Deposit Back if you decide to cancel? Either party may terminate the Reservation Agreement at any time and for any reason. The Reservation Deposit would be returned to the Reservation Holder, by Coalition, by check, from Coalition’s trust account.

What is the process for converting from a Reservation to a Real Estate Purchase Contract? Within two weeks of Plat recordation with Wasatch County, you will be sent a Real Estate Purchase Contract for the unit in Village at The Shores where you hold the Reservation.

What then? You will sign the Real Estate Purchase Contract (REPC) for your unit and deliver, along with the signed REPC, an Earnest Money Deposit which in combination with the Reservation Deposit is equal to ten percent (10%) of the purchase price of the Property and is referred to as the Initial Earnest Money Deposit. The Initial Earnest Money Deposit will be held at Coalition Title Agency in its Trust Account.

What about Due Diligence? Along with the REPC, you will receive a complete Due Diligence binder for the Property (your unit). Among other things, the Due Diligence binder will include building

Question & Answers

- part 3

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

specifications, floor plans, finishes, a preliminary budget for the HOA, an allocation of HOA dues for your unit, the Condominium Declaration for the development, etc. You will have two (2) weeks from receipt of the REPC and due diligence materials to review all of the materials.

What happens to my Initial Earnest Money deposit if I cancel the REPC? If you cancel the REPC for any reason during the two-week Due Diligence period, the Initial Earnest Money Deposit (including the Reservation Deposit) will be returned to you in full.

Is there any additional Earnest Money required? Yes, at the completion of the four-way inspection of the property by Wasatch County, an additional five percent (5%) deposit will be required as the Additional Earnest Money deposit.

Question & Answers

- part 4

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Standard Features& Specifications

• 3-bedroom, 2-bath floor plan.

• Several interior colors to chose from.

• Full fire sprinkler protection.

• Alder Kitchen Cabinets

• Thermal insulation value: R-19 walls; R-38 ceiling

• Energy efficient (80%) natural gas furnaces

• Energy efficient 40 gallon natural gas water heater

• Dual-pane windows w/Low “E” glass

• Silent floor joist system with light weight concrete floor

• Rounded sheetrock corners

• Textured ceilings and walls

• Solid knotty alder window trim and sills

• Solid knotty alder casing & base

• Solid knotty alder interior doors

• Solid knotty alder closet doors

• Two tone paint system, 1-drywall, 2- natural trim

• Raised panel alder cabinets throughout

• Solid granite kitchen countertops (choice of color)

• Granite vanity tops (choice of color)

• Oil ribbed bronze plumbing fixtures or equal fixture.

• Stainless steel kitchen sink with disposal

• Water/Ice line to refrigerator

• Expansive plate mirrors in bathrooms

• Natural stone tile surrounds for tubs/showers

• Viking® dishwasher, range, microwave and refrigerator package

• Wood flooring in great room, kitchen and entryway

• Programmable digital thermostat

• Gas hook-ups for range and dryer

• Telephone lines – cat 5 wiring

• Door hardware, oil rubbed bronze

• Bath hardware of oil rubbed bronze

• Central air conditioning

• Fireplace full stone

• Bath /shower natural stone tile surrounds

• Plumbing- fixtures rubbed oil

• Decks stubbed with natural gas for barbecue

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Development Site Plan

Phase 1 Building B

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Building Elevations

8-plex: Long view

8-plex: Short view

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

TypicalUnit Floorpan

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

Parking Level

Ground Floor

Second Floor

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Building Floor Plates

Village Shoresat the

An Independently Owned & Operated Member of BRER Affiliates Inc.

Experience the VALUE of lifestyle & location

This information is subject to change without notice. Buyer is advised to pay particular attention to square footage and lot size. Buyer is responsible to verify the accuracy of all information to the buyers own satisfaction.

Pricing | Building A

Unit # $ Price Bedrooms Bathrooms Approx Sq. Ft. $ Per Sq. Ft.

101 $295,000 3 2 1,522 $193

102 $285,000 3 2 1,504 $189

103 $290,000 3 2 1,504 $193

104 $275,000 3 2 1,504 $183

201 $340,000 3 2 1,522 $223

202 $320,000 3 2 1,504 $212

203 $330,000 3 2 1,504 $219

204 $305,000 3 2 1,504 $202