MEMBERSHIP MATTERS AT

Some of the many reasons Members refer their friends and relatives for membership:

Financial Strength & History of Grey OaksFinancial Strength & History of Grey Oaks

• Financial Stability with a debt free status and no historical assessments

• Not fi nanced by a taxing district and therefore carries no infrastructure debt

• Strong history and reputation of steady growth and leadership in Naples

• Solid commitment to preserving and enhancing the natural habitat

• Centrally located in the heart of Naples within minutes to beaches, cultural and shopping experiences

• The Club and Community that all others are measured against

Amenities & Operations of Grey OaksAmenities & Operations of Grey Oaks

• Multi-generational amenities and programs for all family members

• 54 holes of golf that offers 3 distinctively different golfi ng experiences

• Supreme golf course conditions and extraordinary surrounding landscape

• Fourteen PGA professionals on staff

• Two driving ranges and short game areas

• 18-hole putting course for all to enjoy

• Greens speed is maintained at 11.0 during Season – varies based on weather conditions &

maintenance practices.

• Elegant, charming and comfortable 62,000 sq. ft Main Clubhouse

• Refi ned, convenient and scenic 22,000 sq. ft. Estuary Clubhouse

• Two state-of-the-art Fitness centers with weight rooms, aerobics classes, professional services of

massage therapists and fi tness trainers

• Eight courts with World class USTA certifi ed professional staff

• Tennis programs available for players of all ages and skill levels

• Friendly, knowledgeable, experienced international staff

• Unmatched social opportunities and recreational amenities

• Dinner is offered 5 nights a week. Lunch is offered 7 days a week. Main Dining Room, Grill Room

(lunch and dinner), Overlook, Garden Room, Patio (inside and outside), Estuary, and the Veranda.

Awards won by Grey OaksAwards won by Grey Oaks

Grey Oaks is recognized in the top one percent of private country clubs in the U.S.

• Distinguished Club Awards 2009

➣ Governance

➣ Membership

➣ Tennis

➣ Chef/Menu

➣ Golf Course Operations

• Travel and Leisure – America’s Top 100 Golf Communities

➣ 2009

➣ 2008

➣ 2007

• National Golf Course Owners Association – Florida Course of the Year

➣ Estuary Golf Course – 2005

• Club Leaders Forum – Platinum Club Award 2009

➣ Top 35 Private Country Clubs

➣ Nationally recognized as being in the top 1% of all Residential Communities

• Club Leaders Forum – Platinum Club Award 2006

➣ Top 100 Private Country Clubs

• Naples Daily News – Readers Choice Champion Award 2009

➣ Top Private Country Club

• Links Magazine- 100 Premier Properties by the Editors

➣ 2007-2008

Membership at Grey Oaks includesMembership at Grey Oaks includes

• Exceptional membership satisfaction as expressed by members on the annual member survey

• A service staff with a well-trained continuous commitment to excellence and low employee turnover

• A strong sense of community – 90% of residents choose to join the Club

• A fl ourishing non-resident membership program – Over 35% of members are non-residents who

choose to join Grey Oaks over all other clubs in the area.

• Convenient payment plans available upon request

Hole #1 Par 4 324 314 295 285 212 Safe shot off the tee should make for an easy par. Longer

ladies may want to go for the green, but watch the water on the left.

Hole #2 Par 4 451 431 362 323 313 Drive and second shot should be played to the right center. Keep the ball right of the pin, there is a water hazard close on the left of the entire length of the hole.

Hole #3 Par 5 523 501 480 470 435 Again, drive to the right of center. Carefully place your lay up 2nd shot. There is room to the right of the green.

Hole #4 Par 5 501 474 463 453 417 Longer hitters can reach this in two. If not lay up well to the right of the water. Ladies - aim tee shot slightly left for a better angle.

Hole #5 Par 4 433 410 390 335 325 Straight drive will leave an easy approach to the green. Plenty of room in the front to roll the ball up.

Hole #6 Par 4 389 368 356 346 279 Don’t need a driver on this hole. Watch where the pin is located. If on front, keep the ball below the hole. If the pin is right, keep second shot to the left. Ladies - aim too shot slightly left for a better angle to the green.

Hole #7 Par 3 211 195 178 168 134 Good chance to run the ball onto the green. Short is much better than long.

Hole #8 Par 4 350 332 318 308 272 Play a club that will get the ball in the fairway. Second shot should be played left of the hole. Don’t try to get bold with second shot.

Hole #9 Par 3 154 145 138 112 102 No matter where the pin is, play shot in the middle of the green.

Hole #10 Par 4 431 412 391 344 334 No bunkers on this hole. Drive left center and roll the second shot onto the green.

Hole #11 Par 5 575 537 510 453 449 Play smart. This is the ultimate position hole. Don’t need a long ball. Plan to have a 120-150 yard shot for your third. Use mounds around the green if you need to.

Hole #12 Par 3 157 148 138 129 125 Play the hole a little short. Big green but don’t get aggressive with the left pin placement.

Hole #13 Par 5 552 513 479 416 408 Drive right center and be careful of the lake left on second shot. Green slopes from back to front.

Hole #14 Par 3 189 173 153 152 120 Drive slightly to the left for the best angle to the green. It’s better to miss the green short then left.

Hole #15 Par 4 408 383 356 346 312 Front right is the safe place on this hole. Do not shoot at the back left pin. Again the center of the green is a good place.

Hole #16 Par 4 370 354 338 328 290 Drive left center and try to keep second shot left of the pin. Ladies should try to go over the creek sooner on the left side rather than playing up the right.

Hole #17 Par 3 243 211 189 158 148 You can run your ball onto this big green. Easier short than long.

Hole #18 Par 5 495 469 459 439 382 Great position hole. If your not a long hitter, play second shot to have 100 yards left to the green.

Hole #1 Par 4 357 341 333 280 243 You don’t need length here. Hit it straight and leave your

second shot below the pin.

Hole #2 Par 3 178 175 159 141 122 Play the shot slightly left of thehole. The green slopes left to right.

Hole #3 Par 4 345 338 327 312 219 The drive to the left side leaves an easy approach. Careful when the pin is in the front.

Hole #4 Par 5 552 520 499 481 449 Drive up the left side. For the best approach to the green, keep the second shot to the left.

Hole #5 Par 4 394 380 361 316 282 Long hitters can drive over the left fairway bunker. The approach shot is easier from the left side. Longer-hitting ladies must drive over the bunker or the water will be a danger.

Hole #6 Par 3 183 161 141 118 101 Again favor the left. Choose the right club. Long is no better than short.

Hole #7 Par 4 425 413 400 376 331 Drive up the left side for the best approach to the green. The second shot plays longer than the yardage because of the uphill shot.

Hole #8 Par 5 539 504 496 463 424 Accuracy is more important than distance on this par 5. Play for a third shot to be from about 100 yards. Don’t go long; take an easy chip from the front.

Hole #9 Par 4 431 411 389 352 324 Long hitters drive left to avoid going through the fairway or flowers. Keep the second shot left and take plenty of club. Longer-hitting ladies can cut off quite a bit by driving left.

Hole #10 Par 4 350 324 308 266 233 Again, play for the position of the tee. The second shot is much safer coming in from the right and keeping the shot right of the hole. The green is very narrow front to back. Longer-hitting ladies may want to drive with a club that leaves them about 100 yards from the hole.

Hole #11 Par 4 421 406 382 376 294 Drive left of center. Friendly green; the ball will roll on, or if it's a little long it will come back to the hole. Try to stay below the pin. Longer-hitting ladies may want to play a slight cut shot from the tee.

Hole #12 Par 3 180 150 140 115 102 Watch the wind on this hole; it can blow the ball into the hazard. Greens kicks ball right to left.

Hole #13 Par 4 425 385 374 347 297 Accuracy is a must off the tee. Short left of the green is the best place to miss the green. Elevated green–use enough club.

Hole #14 Par 3 201 187 172 135 104 The hole plays long. Try to putt from below the hole.

Hole #15 Par 5 522 499 490 472 425 There is room right off the tee. Again, play for a shot of about 100 yards for thethird. Shoot for the center of the green.

Hole #16 Par 4 396 372 356 316 272 Aim right for the center of the fairway. Take plenty of club for the second shot. Better short than long here.

Hole #17 Par 5 581 556 540 492 437 Big fairway off the tee. Aim the second shot to the left (way left) to avoid the water. Check out the pin before playing the third shot.

Hole #18 Par 4 384 352 339 306 264 A driver is not required here, but a straight shot is. Play the second with enough club.

Hole #1 Par 5 530 495 466 459 407 If you can’t reach the green in two, play a second shot

short of the left fairway bunker for a better angle to the green. Keep the ball below the pin on the green.

Hole #2 Par 3 198 181 160 140 114 It plays longer than it looks. The green has big breaks left to right.

Hole #3 Par 5 535 512 479 447 408 Just like hole #1, the second shot should be short of the bunkers. Try having about a 100-yard shot to the green for the third hole. The longer-hitting ladies can cut off quite a bit by playing up the left on the tee shot.

Hole #4 Par 4 427 406 383 351 300 A good drive will leave a long second shot that will require a lot of carry. The front right of the green is the best place to miss the green. The longer-hitting ladies need to be aware of the water if the bunker is carried.

Hole #5 Par 4 397 382 357 319 273 You need a straight drive to the left center of the fairway. It's good to take an extra club for the second shot.

Hole #6 Par 3 205 178 161 153 111 Again, the front right is the best place to aim the shot. Hit a high shot to the green.

Hole #7 Par 4 426 409 367 313 282 The longer hitters can carry the left fairway bunker. Play the second shot to the right of the pin.

Hole #8 Par 4 388 369 329 310 265 Drive right of the center to avoid the trees in the fairway. Play the second shot a little left to avoid the water on the right.

Hole #9 Par 4 455 429 417 399 333 A long par 4. It is best to come in from the front right if you can’t reach the green in two shots.

Hole #10 Par 4 415 403 373 321 291 The second shot will run up. Don’t be fooled by the pin way to the left. Keep the shot right of the pin.

Hole #11 Par 5 542 522 488 429 387 The second shot is the key. There is water in front of this green. Many of the shots pulled just a little will find the lake. Again, the front right is the best approach.

Hole #12 Par 3 207 190 176 155 111 You should aim slightly to the left on this par 3. Not bad to slightly underclub it here.

Hole #13 Par 4 398 375 348 335 323 The driver is not always the right choice off this tee on the narrowest hole. The big green is for the second shot.

Hole #14 Par 4 421 403 390 357 324 Drive slightly to the left for the best angle to the green. It’s better to miss the green short than left.

Hole #15 Par 4 433 404 373 343 310 The big hitters can go across the bunker and have a short iron to the green. Others hit left off the tee and have

a long second.

Hole #16 Par 4 385 366 355 271 259 The second shot if you can’t carry the lake can be played well to the left, leaving you an easy pitch. Way too many balls are hit into the lake. Ladies, if you are not going for it, don’t take too much of the club for your layup or you’ll be in trouble.

Hole #17 Par 3 211 192 157 112 96 Take plenty of club here. Try to have an uphill putt.

Hole #18 Par 5 573 560 543 457 447 Position the second shot to have the chance to get on the green in three. Keep the second shot to the left if you can get within 150 yards of the green in two. Short hitters can play the third shot to the left for the approach to this very long hole.