Executive Summary Conceptual master plan is complete and the PROPOSED development, named Hawkes Nest Plantation Resort, is a Five Star Master Planned Resort Community with 865 units including a diverse mix of:

♦ Condo Hotel Rooms & Suites ♦ Condominiums ♦ Single Family Estate Lots ♦ Casino ♦ 87-Slip Marina ♦ 169 privately owned slips ♦ 35,000 SF Marina Village.

Located on the southwest corner are 17 oceanfront estate style single family lots. The configuration of lots, commonly referred to as “Flag Lots”, allow each owner their own private access point to the beach. To the east of the ocean front residences is a parcel dedicated for a high-end Hotel/Casino. With some of the best beaches this makes for a prime location. Adjacent to this Hotel and east of the main marina entrance sits a Boutique Hotel with a private yacht club capable of servicing large vessels. Situated atop the bluffs and overlooking the ocean is another site for an exclusive Hotel with a private spa. At 5.2 acres the zoning would allow for 124 bedrooms. As this location is situated high above the resort site, the idea is to create a lower density high-end product. In order to make the product blend in with the natural topography, and to feel more exclusive, the densities have been reduced by half, creating sixty seven total units. On the interior lands of the site there will be canals cut to allow for boat access as well as the creation two separate private islands. They will be divided into 47 single family estate home sites. The canals surrounding these homes vary between 150’ to upwards of 300’ creating a more natural feel to the waterways. This will allow for larger scale yachts to navigate. The entire perimeter of the estate island properties will be concrete bulk-heading for direct tie-ups. Average island lot frontage will range from 100’ to 300’. Surrounding the waterways are condominium units to create a “Marina Village”, look and feel. Consisting of approximately 244 units at three bedrooms per unit the buildings will vary in height from three to five stories to create architectural interests. The frontage of the condominiums will also be entirely bulk-headed allowing for each residence to have a slip in front of their units.

Located at the main entrance to the site are a retail marina village with shops, a convenience market, dining, shopping, etc. and a public plaza. The space will offer services and amenities for both residents of the site as well as potential passengers and other tourists. By the nature of its location, the retail village will serve to capture visitors close to the entrance of the property as well as yachting transits and keep the remaining properties exclusive. On the northeast corner of the site is another public beach site with a small beach bar and associated parking. The mangroves will have boardwalks meandering through with lookouts at strategic points to capitalize on the views. As an amenity specifically for owners is a private owner’s club with boat docking space located near the northwest point of the site. Unit Breakdown - 865 units

♦ Casino Condominiums 100 ♦ Casino Hotel Rooms 122 ♦ Marina Condominiums 118 ♦ Marina Hotel Rooms 50 ♦ Bluff Condominiums 67 ♦ Hillside Marina Hotel 100 ♦ Lagoon Condominiums with 124 slips (see below) 244 ♦ Beach front estate lots 17 ♦ Island estate lots with 45 slips (see below) 47

Unit Breakdown - 256 boat slips

♦ Marina 87 ♦ Island estate lots 45 ♦ Lagoon condominiums 124

Ownership Hawkes Nest Development, LLC Legal Description Title No. 10505/25 South Suburbs, Grand Turk, Turks and Caicos Islands, British West Indies. Zoning The property is currently zoned for mixed residential uses with a maximum density of 24-units per acre or in this case, 3,840-units. The current master plan which includes 865-units which is an overall density of 5.4 units per acre. Taxes Taxes in Turks & Caicos are based upon 3% of the purchase price. Size, Shape, Topography The subject property is irregular in shape and contains 161 acres and has a generally flat topography with some cliffs and hills with elevations up to 100 feet. Utilities All available utilities are at the property including electricity and telecommunications. A private water and sewer system will be developed on the property. A preliminary infrastructure design has been completed for the project that is both cost effective and efficient. The report includes a comprehensive discussion of the assumptions, calculations, and design of each aspect of the roadways, storm water drainage, water storage and distribution, wastewater collection, transmission and treatment system, and electrical distribution. Street Frontage/Accessibility The property is easily accessible via land, sea and air. Public access roads are paved. The property fronts 6,000 feet (over one mile) on the Atlantic Ocean.

SITE

Main Entrance

Mangrove Preservation area with boardwalks & public beach access

Casino Condo Hotel

Marina Village with 87 slips

Marina Condo Hotel

Condo Hotel with spa

Bungalows

Beach Front Estates

Island Lagoon Estates with 45 slips

Lagoon Condos with 124 slips

Tennis Courts

Out Parcel

Owners Yacht Club

Kayak Trail

SITE

Grand Turk International Airport

Grand Turk Cruise Center

Property Photos

Property Photos

Property Photos

Grand Turk Cruise Center

Flow Rider

Entrance Pier

Main Square

Pool & Cabanas

Grand Turk Cruise Center

Grand Turk Images

Grand Turk Inn

Pink Flamingo

Queen Angle

Nassau Grouper

Grand Turk Images

Crinoids

Coral Reef

School of Grunts

St. Mary’s Church

Grand Turk Images

Wild Horses

Victoria Public Library