Halesford Harbour LLC Profit & Loss Budget Overview January through December 2017

Jan - Dec 17 Ordinary Income/Expense Income RV Park Revenue 2018 Pro-forma 4000.3 RV Long-Term Rent 560,000.00 566,500.00 4000.6 Paid in full Discount -3,800.00 (3,800.00) 4000.2 RV Short-Term Rent 0.00-4000.4 RV Misc. Income 6,000.00 6,000.00 4000.5 RV Sales Commissions 22,000.00 22,000.00 4000.8 Propane Revenues 0.00 - Total RV Park Revenue 584,200.00 590,700.00 Marina Income + Restaurant 4010.1 Slip Leases 193,317.00 219,167.00 4010.4 Boat Storage 0.00-4010.6 Paid in full Discount - Marine 0.00-4010.5 Marina Misc. Income 0.00 - Total Marina Income 193,317.00 219,167.00 Motel Revenue 4020.0 Motel Income 415,000.00 415,000.00 4020.1 Gift shop sales 186.00 186.00 Total Motel Revenue 415,186.00 415,186.00 4085 Vending Machine Income 0.00-4010.2 Gas and Boat Rental Lease 49,500.00 49,500.00 4040.1 Flex Building lease 24,000.00 24,000.00 4080 Golf cart rentals 3,300.00 3,300.00 4000.7 Laundromat 4,400.00 4,400.00-4060 Vendor Discount 0.00-4070 Patronage Fee 0.00 - Total 81,200.00 81,200.00 Total Income 1,273,903.00 1,306,253.00 Gross Profit 1,273,903.00 1,306,253.00 Expense 6000 Utilities 6000.1 Electricity 23,751.13 23,751.00 6000.2 Propane 2,969.38 2,969.38 6000.3 Water and Sewer 22,000.00 22,000.00 6000.4 Internet/WiFi 9,660.00 9,660.00 6000.6 Telephone/Cellphones 7,769.03 7,769.03 6000.7 Heating Oil 946.55 946.55 Total 6000 Utilities 67,096.09 67,095.96 6100 Repairs and Maintenance 6100.1 Landscaping 22,300.00 22,300.00 Page 1 of 9

Jan - Dec 17 2018 Pro-forma 6100.2 Building 5,290.52 5,290.52 6100.3 Electric, Water & Sewer Repairs 9,892.08 9,892.08 6100.4 Equipment Repairs 17,172.41 17,172.41 6100.6 Roads and Parking Repairs 6,205.39 6,205.39 6100.7 Sign Expense 191.41 191.41 6100.8 Marina 2,400.00 2,400.00 6100.9 Outdoor Structures 2,119.86 2,119.86 6100.10 Fuel exp. 5,556.45 5,556.45 6100.11 Snow Removal/Road Salt 0.00 - Total 6100 Repairs and Maintenance 71,128.12 71,128.12 6200 Insurance 6200.1 General 32,004.00 32,004.00 6200.2 Health 14,796.00 14,796.00 6200.4 Workers Comp. 5,123.04 5,122.04 Total 6200 Insurance 51,923.04 51,922.04 6210 Marketing 6210.1 Advertising 6,120.24 6,120.24 6210.2 Signs 327.68 327.68 6210.3 Website Design/Hosting 2,340.00 2,340.00 6210.4 Promotional Items 1,004.25 1,004.25 6210.5 Expos/Shows 0.00 - Total 6210 Marketing 9,792.17 9,792.17 6215 Donations & Contributions 1,000.00 1,000.00 6218 Penalties & late fees 31.41 31.41 6220 Bank Service/Credit Card Fees 12,361.89 12,361.89 6225 Direct Deposit Fees 392.00 392.00 6240 Professional Fees 6240.1 Accounting 14,065.00 14,065.00 6240.2 Engineering/Design 0.00-6240.3 Legal 0.00 - Total 6240 Professional Fees 14,065.00 14,065.00 6250 Taxes 6250.1 Personal Property Taxes 2,271.66 2,271.66 6250.2 Real Estate Taxes 30,538.56 30,538.56 6250.3 Bedford County Occupancy Tax 17,673.65 17,673.65 6250.4 Virginia Sales Tax 18,129.31 18,129.31 Total 6250 Taxes 68,613.18 68,613.18 6260 Supplies and Services 6230 Office Supplies 4,254.51 4,254.51 6260.1 Recreation Amenities 12,000.00 12,000.00 6260.2 Linen 2,997.60 2,997.60 6260.3 Other Supplies 487.42 487.42 6260.4 Supplies - Motel 22,772.76 22,772.76 6260.5 Supplies - RV 5,579.30 5,579.30 Total 6260 Supplies and Services 48,091.59 48,091.59 Page 2 of 9

Jan - Dec 17 6270 Contractual Services 2018 Pro-forma 6270.2 - Direct TV 3,679.20 3,679.20 6270.3 Pest Control 2,390.00 2,390.00 6270.4 Reservations System/Inn Roads 3,758.60 3,756.60 6270.5 Trash Removal 11,236.10 11,236.10 6270-6 Inspections 172.86 172.86 Total 6270 Contractual Services 21,236.76 21,234.76 6255 Permits 2,283.00 2,283.00 6265 Equipment/Furnishings 2,494.86 2,494.86 6280 Meals & Entertainment 2,435.54 2,435.54 6300 Gross Wages 182,440.32 182,440.32 6305 Incentive Bonus Wages 18,500.00 18,500.00 6310 XMAS Bonus 5,017.10 5,017.10 6320 Payroll Tax Expense Employer's FICA & Medicare Exp. 19,948.23 19,948.23 SUTA Expense 1,010.75 1,010.75 FUTA Expense 445.06 445.06 6320 Payroll Tax Expense - Other 0.00 - Total 6320 Payroll Tax Expense 21,404.04 21,404.04 7060 Interest Exp.-other 1.73 1.73 8070 G/A Allocation 0.00-8600 Shop Allocation 0.00 - Total Expense 600,307.84 600,304.71 Net Ordinary Income 673,595.16 705,948.29 /Expense 7000 Interest Income 638.75 Total 638.75 Other Expense 6301 General Manager pay allocation 74,000.00 7055 Interest Exp-Union Bank 54,000.00 7050 Interest Exp-Bank of Fincastle 25,322.19 8500 Amortization Expense 6,047.52 8400 Depreciation Expense 114,783.00 Total Other Expense 274,152.71 Net -273,513.96 Net Income 400,081.20 Page 3 of 9

Ordinary Income/Expense Income RV Park Revenue 4000.3 RV Long-Term Rent 4000.6 Paid in full Discount 4000.2 RV Short-Term Rent 4000.4 RV Misc. Income 4000.5 RV Sales Commissions 4000.8 Propane Revenues Total RV Park Revenue Assumes $50 per unit increase. Marina Income + Restaurant 4010.1 Slip Leases 4010.4 Boat Storage 4010.6 Paid in full Discount - Marine 4010.5 Marina Misc. Income Total Marina Income Motel Revenue 4020.0 Motel Income 4020.1 Gift shop sales Total Motel Revenue Assumes $21,000 income from new dock, but 4085 Vending Machine Income 4010.2 Gas and Boat Rental Lease 4040.1 Flex Building lease 4080 Golf cart rentals 4000.7 Laundromat 4060 Vendor Discount 4070 Patronage Fee Total Total Income Gross Profit Expense 6000 Utilities 6000.1 Electricity 6000.2 Propane 6000.3 Water and Sewer 6000.4 Internet/WiFi 6000.6 Telephone/Cellphones 6000.7 Heating Oil Total 6000 Utilities 6100 Repairs and Maintenance 6100.1 Landscaping Page 4 of 9

6100.2 Building 6100.3 Electric, Water & Sewer Repairs 6100.4 Equipment Repairs 6100.6 Roads and Parking Repairs 6100.7 Sign Expense 6100.8 Marina 6100.9 Outdoor Structures 6100.10 Fuel exp. 6100.11 Snow Removal/Road Salt Total 6100 Repairs and Maintenance 6200 Insurance 6200.1 General 6200.2 Health 6200.4 Workers Comp. Total 6200 Insurance 6210 Marketing 6210.1 Advertising 6210.2 Signs 6210.3 Website Design/Hosting 6210.4 Promotional Items 6210.5 Expos/Shows Total 6210 Marketing 6215 Donations & Contributions 6218 Penalties & late fees 6220 Bank Service/Credit Card Fees 6225 Direct Deposit Fees 6240 Professional Fees 6240.1 Accounting 6240.2 Engineering/Design 6240.3 Legal Total 6240 Professional Fees 6250 Taxes 6250.1 Personal Property Taxes 6250.2 Real Estate Taxes 6250.3 Bedford County Occupancy Tax 6250.4 Virginia Sales Tax Total 6250 Taxes 6260 Supplies and Services 6230 Office Supplies 6260.1 Recreation Amenities 6260.2 Linen 6260.3 Other Supplies 6260.4 Supplies - Motel 6260.5 Supplies - RV Total 6260 Supplies and Services Most of this tax is from the Hotel Most of this tax is from the Hotel Page 5 of 9

6270 Contractual Services 6270.2 - Direct TV 6270.3 Pest Control 6270.4 Reservations System/Inn Roads 6270.5 Trash Removal 6270-6 Inspections Total 6270 Contractual Services 6255 Permits 6265 Equipment/Furnishings 6280 Meals & Entertainment 6300 Gross Wages 6305 Incentive Bonus Wages 6310 XMAS Bonus 6320 Payroll Tax Expense Employer's FICA & Medicare Exp. SUTA Expense FUTA Expense 6320 Payroll Tax Expense - Other Total 6320 Payroll Tax Expense 7060 Interest Exp.-other 8070 G/A Allocation 8600 Shop Allocation Total Expense Net Ordinary Income /Expense 7000 Interest Income Total Other Expense 6301 General Manager pay allocation 7055 Interest Exp-Union Bank 7050 Interest Exp-Bank of Fincastle 8500 Amortization Expense 8400 Depreciation Expense Total Other Expense Net Net Income Page 6 of 9

Ordinary Income/Expense Income RV Park Revenue 4000.3 RV Long-Term Rent 4000.6 Paid in full Discount 4000.2 RV Short-Term Rent 4000.4 RV Misc. Income 4000.5 RV Sales Commissions 4000.8 Propane Revenues Total RV Park Revenue Marina Income + Restaurant 4010.1 Slip Leases 4010.4 Boat Storage 4010.6 Paid in full Discount - Marine 4010.5 Marina Misc. Income Total Marina Income Motel Revenue 4020.0 Motel Income 4020.1 Gift shop sales Total Motel Revenue not guaranteed. 4085 Vending Machine Income 4010.2 Gas and Boat Rental Lease 4040.1 Flex Building lease 4080 Golf cart rentals 4000.7 Laundromat 4060 Vendor Discount 4070 Patronage Fee Total Total Income Gross Profit Expense 6000 Utilities 6000.1 Electricity 6000.2 Propane 6000.3 Water and Sewer 6000.4 Internet/WiFi 6000.6 Telephone/Cellphones 6000.7 Heating Oil Total 6000 Utilities 6100 Repairs and Maintenance 6100.1 Landscaping Page 7 of 9

6100.2 Building 6100.3 Electric, Water & Sewer Repairs 6100.4 Equipment Repairs 6100.6 Roads and Parking Repairs 6100.7 Sign Expense 6100.8 Marina 6100.9 Outdoor Structures 6100.10 Fuel exp. 6100.11 Snow Removal/Road Salt Total 6100 Repairs and Maintenance 6200 Insurance 6200.1 General 6200.2 Health 6200.4 Workers Comp. Total 6200 Insurance 6210 Marketing 6210.1 Advertising 6210.2 Signs 6210.3 Website Design/Hosting 6210.4 Promotional Items 6210.5 Expos/Shows Total 6210 Marketing 6215 Donations & Contributions 6218 Penalties & late fees 6220 Bank Service/Credit Card Fees 6225 Direct Deposit Fees 6240 Professional Fees 6240.1 Accounting 6240.2 Engineering/Design 6240.3 Legal Total 6240 Professional Fees 6250 Taxes 6250.1 Personal Property Taxes 6250.2 Real Estate Taxes 6250.3 Bedford County Occupancy Tax 6250.4 Virginia Sales Tax Total 6250 Taxes 6260 Supplies and Services 6230 Office Supplies 6260.1 Recreation Amenities 6260.2 Linen 6260.3 Other Supplies 6260.4 Supplies - Motel 6260.5 Supplies - RV Total 6260 Supplies and Services Page 8 of 9

6270 Contractual Services 6270.2 - Direct TV 6270.3 Pest Control 6270.4 Reservations System/Inn Roads 6270.5 Trash Removal 6270-6 Inspections Total 6270 Contractual Services 6255 Permits 6265 Equipment/Furnishings 6280 Meals & Entertainment 6300 Gross Wages 6305 Incentive Bonus Wages 6310 XMAS Bonus 6320 Payroll Tax Expense Employer's FICA & Medicare Exp. SUTA Expense FUTA Expense 6320 Payroll Tax Expense - Other Total 6320 Payroll Tax Expense 7060 Interest Exp.-other 8070 G/A Allocation 8600 Shop Allocation Total Expense Net Ordinary Income /Expense 7000 Interest Income Total Other Expense 6301 General Manager pay allocation 7055 Interest Exp-Union Bank 7050 Interest Exp-Bank of Fincastle 8500 Amortization Expense 8400 Depreciation Expense Total Other Expense Net Net Income Page 9 of 9