S A N D W O O D C R O S S I N G AT T H I R T Y P I N E S P U B L I C O F F E R I N G S T A T E M E N T

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1 S A N D W O O D C R O S S I N G AT T H I R T Y P I N E S P U B L I C O F F E R I N G S T A T E M E N T THIS SUBDIVISION IS REGISTERED WITH THE CONSUMER PROTECTION AND ANTITRUST BUREAU OF THE DEPARTMENT OF JUSTICE OF THE STATE OF NEW HAMPSHIRE PURSUANT TO THE PROVISIONS OF NEW HAMPSHIRE LAND SALES FULL DISCLOSURE ACT, NHRSA 356-A. THE ACT REQUIRES THAT A CURRENT PUBLIC OFFERING STATEMENT BE FURNISHED TO A PURCHASER PRIOR TO OR AT THE TIME HE ENTERS INTO A PURCHASE AGREEMENT. THE PURPOSE OF THE STATEMENT IS TO DISCLOSE MATERIAL FACTS PERTAINING TO THIS SUBDIVISION. IT IS RECOMMENDED THAT THE PURCHASER READ THIS STATEMENT CAREFULLY, PHYSICALLY INSPECT THE PROPERTY, REVIEW ALL SALES AND OTHER DOCUMENTS IN DETAIL AND CONSULT AN ATTORNEY FOR ADVICE. NOTHING CONTAINED HEREIN SHOULD BE CONSTRUED AS SUGGESTING THAT THE CONSUMER PROTECTION AND ANTITRUST BUREAU OR ANY OTHER PUBLIC AGENCY RECOMMENDS THE SUBDIVISION OR HAS DETERMINED THAT THE DISPOSITION OF ANY LOT OR INTEREST THEREIN IS LEGALLY SUFFICIENT TO PROTECT THE RIGHTS OF PURCHASERS. RECEIPT OF THIS STATEMENT MUST BE ACKNOWLEDGED IN WRITING BY THE PURCHASER ON HIS PURCHASE AGREEMENT. ANY COMPLAINT ALLEGING UNFAIR OR DECEPTIVE SALES PRACTICES OR A VIOLATION OF THE LAND SALES FULL DISCLOSURE ACT MAY BE DIRECTED TO THE CONSUMER PROTECTION AND ANTITRUST BUREAU, STATE HOUSE ANNEX, CONCORD, NEW HAMPSHIRE IMPORTANT NOTICE OF PURCHASER'S CANCELLATION RIGHTS New Hampshire law provides that you have an express and unqualified right to cancel your purchase and sale agreement within five (5) calendar days from the date that! 1

2 the agreement was entered into or the delivery to you of the Public Offering Statement, whichever is later. If you elect to cancel, you may do so by written notice thereof hand delivered or deposited in the United States mail, return receipt requested, within the five (5) day period, to the subdivider or to any agent of the Subdivider; provided, however, that if you elect to mail the telephonic notice of cancellation within the five (5) day period. Such cancellation shall be without penalty and any deposit made by you must be refunded in its entirety no later than ten (10) calendar days from the Subdivider's receipt of your written notice of cancellation. PUBLIC OFFERING STATEMENT 1. The name of the subdivision is: Sandwood Crossoing at Thirty Pines 2. The subdivider: Real Estate Development, LLC 66 Gilcreast Road Londonderry, NH The total subdivision shall be comprised of a One Hundred Two (102) lot development of single family homes located off of Borough Road, Concord, New Hampshire. The first, or initial phase shall be comprised of Twenty Seven (27) Lots. The second phase shall be separated into two (2) sub-phases for the entire remaining lots. 4. The land within the subdivision is currently subject to the following title encumbrances: (a) Mortgage from SC@TP Real Estate Development, LLC to Citizens Bank New Hampshire, dated 2 July 2003, in the total amount for the subdivision of $3,408,000.00, as recorded with the Merrimack County Registry of Deeds ( the "Registry" ) at Book 2528, Page 1427; a Collateral Assignment of Leases and Rents from SC@TP Real Estate Development, LLC to Citizens Bank New Hampshire, dated 2 July 2003, as recorded with the Merrimack County Registry of Deeds ( the "Registry" ) at Book 2528, Page 1447; a UCC-1 financing statement from SC@TP Real Estate Development, LLC to Citizens Bank New! 2

3 Hampshire, dated 2 July 2003, as recorded with the Merrimack County Registry of Deeds (the "Registry") at Book 2528, Page 1461; (b) SUBJECT to Drainage Easements, to the City of Concord, at Book 1534, Page 1540 and Book 1541, Page 1567; (c) SUBJECT to Roadway Easements, to the City of Concord, at Book 1568, Page 1574 and Book 1522, Page 1533; (d) With the BENEFIT of a Drainage Easement from Erik P. Hodges a/k/a Erik Hodges and Kathryn G.M. Hodges, dated 10 May 2003, and recorded at Book 2517, Page 1097; The seller will provide partial releases from item (a) at the time of the sale of each parcel or lot within the subdivision. 5. The properties are offered exclusively for single-family home and related uses. 6. The grading of the road is complete; and is 100% complete with only the finish coat on the road in this development is incomplete. 7. The only amenities which will be provided by the subdivider are the interior roads, interior water and sewage lines. 8. No improvements are required to be made by the to use this Lot in the manner represented by the subdivider and no further governmental approvals are required, with the exception of building permits and occupancy permits. Lots shall be conveyed with homes fully ready for use and occupancy. 9. Any Deposit made in regard to any disposition of any Lot shall be held by the Escrow Agent in a separate designated escrow account at: Innovative Realty, of 545 DW Highway, Manchester, NH 03104, until closing of the transaction by delivery of the deed to the. Such escrowed funds shall not be attachable by creditors of either of the or Subdivider.! 3

4 10. There are no expressed warranties provided by the Subdivider with respect to the homes in the subdivision, except for the guaranty against structural defects as provided by statute. I/WE hereby acknowledge receipt of the Public Offering Statement of Sandwood Thirty Pines, this day of, 20.! 4

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