Punta Mita – H5AFebruary 2009

About Punta MitaPunta Mita is an exclusive gated resort community 35 North of Puerto Vallarta. Surrounded on threesides by nine and a half miles of intoxicating beaches, Punta Mita is currently one of Mexico’s premiercommunities and foremost resort sanctuary.

The area is distinguished by stunning ocean vistas, luxury resorts (Four Seasons, St. Regis, etc.), andresidential retreats. Punta Mita offers guests access to world class amenities like aJack Nicklaus Signature golf course, rejuvenating spa services, an array of water sports, superb

dining, residential concierge services and a host of other amenities you would expect from a world class luxury resort destination.

Punta Mita has one of the most pleasant climatesin the world. Sharing the same latitude as the Hawaiian Islands,Punta Mita is kept comfortable year round by gentle sea breezeswhich keep the average summer temperature at 85° and winter months averaging near perfection at 75°.

Punta Mita is a short flight from Los Angeles, San Francisco, Dallas, Chicago, and other major cities in the United States.

Amenities Available within Punta MitaAll homeowners enjoy Premier Membership access to all of Punta Mita’s facilities, such as:

Multi Awarded Jack Nicklaus Signature Golf course and club house with restaurant (voted “the best golf course in the world by Conde Nast magazine readers). A 2nd Jack Nicklaus Signature Golf course will be open by mid 2008.Residents' Beach Club with 2 pools in one of the most spectacular beaches on the Pacific.Restaurant and bar service.A 2nd Beach Club will be ready in 2007/2008 (in the Kupuri/Litibu area).A 3rd Beach Club is planned for 2008/2009 in the Ranchos area.Tennis club.Fitness center.Equestrian facilities (2008/2009).Jogging and cycling trail (in development)24 hour security gate.Exclusivity and PrivacyConcierge and rental services.

Available under the Punta Mita Premium Membership

Additional Amenities Available within H5AH5A residences will have the same privileges as any owner or guest staying within the Punta Mita Resort. Any restrictions that may apply to a Punta Mitaresident may apply to occupants of the residences with exception to the use of all of the amenities available on the H5A project. Amenities within H5A include:

Spa ServicesResidents' Beach Club and pools at one of the most spectacular beaches in Punta MitaFitness CenterRestaurant and Bar facilitiesPrivate ChefsRoom Service Maid ServiceConcierge Service Children's Programs24 hour security gate specifically for H5ARental Management Service

H5A - Unique Value Proposition and Terms• Exclusivity of free standing villas for vacation clubs inside the gates of Punta Mita

• Exclusive use of beach club on H5A for owners of H5A only

• Developer experienced with building for vacation clubs in Mexico (i.e. ER – Real del Mar)

• Fully entitled project ready to start construction immediately

• Delivery of all amenities concurrently to delivery of first phase of villas

• Future construction located at the back of the property and will be minimally invasive on members

• Adjacent to the “new Strategic Hotel Capital owned/to be developed” property and Ranchos (the most exclusive/expensive properties in PM)

• Professionally operated with full stand alone services and amenities

• More cost effective HOA/operational fees compared to Caribbean/Hawaii/ETC.

H5ADevelopmentSite

Punta Mita Master Plan

H5A Site Plan

H5A Ocean Villas

Beach Club

SPA

Villas

Villas

Villas

H5A Villa Rendering

H5A Villa Interior Rendering

H5A - Villa Floor Plans

H5A - Villa Floor Plans

H5A Beach Club Area

Punta Mita H5A Site Photos