Required Fees for Properties

Required Fees for Properties 2BR Condo POA Dues - $160.49/month for exterior building and grounds maintenance, landscaping, common area lighting, cleaning and maintenance, common area liability insurance, and security Water & Sewer - $66/month for normal use (see water & sewer rate schedule) Average Elec. Bill - $75/ month Phone, TV, Internet - $90/month for all or $35 ea./month 2011 Family Amenities Package ($1,098 value) included with purchase! Studio Condo POA Dues - $80.85/month for exterior building and grounds maintenance, landscaping, common area lighting, cleaning and maintenance, common area liability insurance, and security Water & Sewer - $66/ month for normal use (see water & sewer rate schedule) Average Elec. Bill - $45/ month Phone, TV, Internet - $90/month for all or $35 ea./month 2011 Family Amenities Package ($1,098 value) included with purchase! Home on 1 st Fairway POA Dues - $85/month includes lawn & shrubbery maintenance, common area maintenance, private road maintenance, street lights, and common area liability and Directors and Officers insurance Water & Sewer - $66/ month for normal use (see water & sewer rate schedule) Service cost for each home s propane gas, electricity, and television reception are the responsibility of the individual owner. 2011 Family Amenities Package ($1,098 value) & $4,000 Golf Membership included with purchase! West Cove Lots POA Dues - $36/month includes shrubbery and lawn maintenance, common area and easement maintenance, private road maintenance, street lights, and common area liability and Directors and Officers insurance Water & Sewer - $20/month for vacant lot Water Connection Fee - $8,000 (included for purchase price of $75,000 or greater) Sewer Connection Fee - $8,000 (included for purchase price of $75,000 or greater) $4,000 Golf Membership included with purchase! *CARE (Community Association for Resort Expenses) (learn more at tpsmanagement.com/mcla.htm) Used for entrance/roadside maintenance, community dumpster, streetlights, fountain lights, security, etc

Optional Fees for Mariners Landing CALM (Community Assisted Lifestyle Management) - learn more at tpsmanagement.com Amenities fee includes use of Pointe pool & hot tub, Cabana pool & hot tub, playground, volleyball courts, tennis courts, fishing piers, beaches, walking trails, picnic facilities, business center, game room, kayaks, paddleboats, fitness center, and more. See Calm Form for Fee Structure. GOLF - learn more at marinerslandinggolf.com or by calling 540-297-7888 Mariners Landing is a semi-private 18 hole championship golf course with an original design by worldrenowned architect, Robert Trent Jones, Sr. The par 72 course has five different sets of tee boxes, offering fun and challenging golf to all levels of golfers, from beginner to professional. Executive Family Membership Initiation Fee - $4,000 Executive Family Membership Annual Fee - $1,080 Jr. Executive Family Membership Initiation Fee - $2,000 Jr. Executive Family Membership Annual Fee - $780 Player s Club Membership - $650 Player s Gold Club Membership - $750 Driving Range Family Membership Annual Dues - $300 (optional) DOCKS / BOAT SLIPS - learn more at tpsmanagement.com Mariners Landing has approx. 250 boat slips and 30 PWC slips. Regular slips can accommodate boats up to 8 ½ ft. beam, 24 ft in length, and up to 5,000 lbs. The heavy duty lifts can accommodate boats up to 10ft beam, 24+ ft in length, and up to 10,000 lbs (depending on boat weight distribution). Rates effective 3/1/11 Regular Boat Slip (covered w/ cradle lift) - $2,295 Heavy duty Boat Slip (covered w/ cradle lift for boats > 5,000 lb) - $2,674 Jet Ski Slip (covered w/ cradle lift) - $1,095 2 nd Jet Ski or Jet Ski w/ Boat - $789 Non secure storage - $125 Check CARE handout for additional discounts

MARINERS LANDING OWNERS 2011 FEES AND DUES PRICES, OFFERINGS AND FEES ARE SUBJECT TO CHANGE WITHOUT NOTICE MONTHLY MAINTENANCE-FREE POA DUES Townhomes*. The Pointe Condos*** $80.85 - $362 Dues include exterior building maintenance including roof, siding, and deck (may vary in each association); landscaping and common area grounds maintenance (may vary in each association); private roads, sidewalks, driveways, and parking area maintenance; common area liability and Directors & Officers insurance; outside utilities for lighting and power in common areas. * 6 th Fairway townhomes dues include maintenance of docks, but not lift mechanisms and do not include deck maintenance. ** For 8 th Fairway Villas, dues do not include deck maintenance. *** Pointe 1: First floor - $120.57; second, third, fourth, fifth floors - $241.33; Top floor - $352.00 Pointe 2 & 3: Studio units - $80.85; 2-BR units - $150.49 (end units may be a combination of a studio and a 2-BR unit) MONTHLY MAINTENANCE-ASSISTED POA DUES The Cove 1" Fairway 10 th Fairway 16 th Fairway WestCove Mariners Run Single Family Detached Mariners Run Single Family Attached and Townhomes $128.34 $85 $80 $95 $97 $97 $100 Vacant Lot: $30 Vacant Lot: $39 Vacant Lot: $36 Vacant Lot: $30 Vacant Lot: $29 Dues include shrubbery and lawn maintenance; common area maintenance; private road maintenance (most roads are public); common area liability and Directors & Officers insurance; outside utilities for lighting and power in common areas. See Property Owners' ASSOCiation budgets for each Association on details relating to dues. Additional information Dues for lots in Sections 1 & 2 (Whitetail Drive, Point O'Woods, Spyglass lane, and Peachtree Court) are $50 per year and do not include any exterior building or lot maintenance. Mariners landing Community Association (CARE) dues apply to all property sold by M&J Developers (M&J) and any other Mariners landing property not sold by M&J that has legally agreed to be included - $179.00/year (2011) for lots with houses. Water, propane gas, electricity and sewer are billed separately to individual owners. Central sewer is located in most areas of Mariners landing, and the undersigned buyer agrees to all applicable easements and actions needed and all associated fees. Water & Sewer Company, Inc. Rate Schedule: Availability Fee: Vacant Lot $10/mo for each water and sewer; Metered Unit $33/mo for each water and sewer Usage Fee: $3.50/1,000 gallons (monthly allowance: 3,900 gallon/mo) Water Connection Fee: $8,000 for Single-Family I Sewer Connection Fee: $8,000 for Single Family Deposit: $66/water; $55/sewer OPTIONAL FEES - SEE WWW.TPSMANAGEMENT.COM FOR CURRENT RATES AND OFFERINGS. Amenities Dues Boat Slip and PWC leases include dock parking, bathrooms and dump station. Golf membership dues and initiation fees are available through the Pro Shop at (540) 297-7888. Storage (There is no personal property insurance coverage.) Revised January 14, 2011

Amenities 3/1/2011 2/28/2012 Full amenities membership includes use of: pools, hot tubs, game rooms and fitness centers, playgrounds, volleyball court, tennis courts, fishing piers, beaches, walking trails, picnic facilities, kayaks, paddleboats, etc. Amenities users are required to sign an amenities use agreement before access is allowed. All amenities have limited capacity which may vary according to circumstances. Mariners Landing owners, interval owners, and vacation renters will have priority; therefore, the number of other users may be limited. Mariners Landing owners who are current with their amenities dues receive a 20% discount off the prices listed below. Other members may pay a $1,000 fee (one-time fee as long as dues don t lapse) to receive the 20% discount. If you rent a boat slip at Mariners Landing and sign up for annual amenities, you will receive a 5% discount on slip and amenities. Pay in full by 11/1/2010 and receive an additional 2% discount. Owners of units in the EastLake Real Estate rental program are required to pay the annual family amenities rate for each unit in the rental program. Owners of multiple units in the rental program will receive a 50% discount for units after the first. Amenities are NOT available for rental units in Mariners Landing which are not in the EastLake Real Estate rental program. Annual members may pay monthly by automatic bank draft. A $3 processing fee will be charged per monthly payment. If you wish to pay monthly, please complete the Authorization Agreement for Direct Payment form and select the installment option at the bottom. Please fill in personal information and select a plan. Name/Address: Phone: Email: Member Type Annual Summer^ Annual Summer^ Full Amenities # $692 $375 $1,098 $595 Cabana Fitness only Single $504 $133 Family* $696 $184 Walking Trails only $210 $115 $330 $180 Use of refuse facility for non-care members Household $120 $60 * Family: paying adult, spouse, and up to 3 children (age 5-22) add 10% per additional child over 5. ^ Memorial Day weekend through Labor Day weekend. # Single annual includes 4 single-use guest passes; summer includes 2 single-use guest passes. ~ Family annual includes 20 single-use guest passes; summer includes 8 single-use guest passes. Unused guest passes will expire at the end of the summer or fiscal year for which they are issued. Cabana Fitness: One-time non-refundable $25 key fee. Guest (rates are per person) Weekly Daily Guest of Member or ELRE short-term renter (for Cabana fitness & indoor pool) $40 $10 Guest passes are not required for children under 5 years of age or for guests of members whose primary residence is in Mariners Landing. If the $1,000 fee has been paid but dues are not activated, or if payments lapse, all amenities discount privileges will cease. To reactivate a discounted membership a re-start fee will be charged at the rate of $50/month times the number of months the dues were not paid, not to exceed the then-current fee. Timely payment of amenities fees is value-added to your property as, upon resale, a new owner would not have to pay the fee as long as your dues have not lapsed. This policy displaces all prior agreements or offers regarding amenities initiation fees, the ability to pass amenities membership rights from one owner to the next, social membership, etc. Return form to: PO Box 1332 Forest, VA 24551 434-385-1914 434-385-0429 fax info@tpsmanagement.com

Mariners== -=:::::::Landing I " Mariners Landing Water & Sewer Company, Inc. RATE SCHEDULE (Effective January 1, 2011, per State Corporation Commission approval) 1. Availability Fee Lot: $1O.00/month for water and $1O.00/month for sewer, if applicable (for residential lots which do not receive water and/or sewer service, but the service runs adjacent to, or in front of, the customer's property and is available upon request). Single-family dwelling or multi-family unit minimum: $33.00/month for water and $33.00/month for sewer, ifapplicable. (The minimum service charge[s] will become effective when water service is connected. Any usage fee will be in addition to the minimum charge.) 2. Monthly Allowance (See Notes 1, 2) Single-family dwelling: 3,900 gallons per month Multi-family building: 3,900 gallons per unit per month 3. Usage Fee (for gallons above the monthly allowance): $3.50/1000 gallons used per month above the monthly allowance (See Note 3) 4. Connection Fee Single-family: $8,000.00/water; $8,000.00/sewer Multi-family: actual cost to company Commercial: actual cost to company 5. Late Payment Penalty Fee - 1-112% per month (18% per annum) on any amount unpaid after 30 days. 6. Reconnection Fee: $50.00 7. Returned Payment Service Charge: $6.00 8. Service Deposit: Maximum of$132.00 for residential (See Note 4) Note 1 - Multi-family is a building containing more than 5 units, each with its own meter or is a building supplied through a single meter. Buildings with 1-4 units will be considered single-family, and each unit will have a separate meter. Note 2 - The monthly allowance for multi-family with a shared meter will be 3,900 gallons times the number ofunits in the building and will be shared by all units. For example, a 12-unit building such as a Mariners Village condominium building would have a monthly minimum allowance of 46,800 gallons per month. Note 3 - For multi-family units, the usage fee for the building will be shared equally by all units. For example, assume the 12-unit building from above used 50,000 gallons per month. The usage fee would be $11.20 (number ofgallons above the monthly minimum allowance 71,000 x the $3.50 usage fee per 1,000 gallons). The resultant fee of$11.20 would be shared equally by each ofthe 12 units (or $0.93 per unit). Note 4 - The service deposit is based on the minimum service charge for two months. ($33.00 minimum water service charge x 2 months + $33.00 minimum sewer service charge x 2 months, if applicable). Note 5 - Checks are to be made payable to Mariners Landing Water & Sewer Company, Inc. and are to be mailed to: P.O. Box 1332,Forest,VA 24551. Note 6 - For additional details, see RATES, RULES AND REGULATIONS in the Tarifffor Mariners Landing Water & Sewer Company, Inc., a copy of which can be found at the company's website, www.tpsmanagement.comlmlw&s.htm or by calling 434-385-1914. 112011 ---_. - -.-.. -