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HERITAGE MEMBERSHIP TRANSITION PRICING

MEMBERSHIP EXTENSION OFFERS - ALL CATEGORIES EXISTING MEMBERSHIP CATEGORY

NEW MEMBERSHIP LAUNCH PRICE + GST

VALUE GRANTED UNDER EXTENSION PLAN

AMOUNT RELAXED OUTSTANDING DOWNPAYMENT + GST + GST

BALANCE OWING

RELAXED PAYMENT TERMS (YEARS)

MONTHLY PAYMENTS

INDIVIDUAL (LOCAL W/ UNSECURED NOTE)

$150,000

$120,000

$30,000

$5,000

$25,000

4

$521

INDIVIDUAL (LOCAL)

$150,000

$70,000

$80,000

$10,000

$70,000

10

$583

INDIVIDUAL (FOREIGN)

$160,000

$74,000

$86,000

$10,000

$76,000

10

$633

CORPORATE 1 (LOCAL)

$180,000

$83,000

$97,000

$15,000

$82,000

3

$27,500 (ANNUAL)

CORPORATE 2 (LOCAL)

$200,000

$92,000

$108,000

$20,000

$88,000

3

$29,500 (ANNUAL)

CORPORATE 1 (FOREIGN)

$200,000

$92,000

$108,000

$20,000

$88,000

3

$29,500 (ANNUAL)

CORPORATE 2 (FOREIGN)

$220,000

$101,000

$119,000

$25,000

$94,000

3

$31,500 (ANNUAL)

SOCIAL & RECREATION

MEMBERSHIP PROGRAM AND EXTENSION TO BE LAUNCHED AFTER AUGUST 3RD DEADLINE ON GOLFING MEMBERSHIP EXTENSIONS

NOTE: FOR MEMBERS HOLDING AN UNSECURED NOTE UNDER CATEGORIES OTHER THAN INDIVIDUAL (LOCAL) CATEGORY, PLEASE CONTACT OUR DIRECTOR OF MARKETING & MEMBERSHIP SERVICES FOR THE EXACT VALUE TO BE GRANTED UNDER THE EXTENSION PLAN. EXTENSION PRICING AND OFFERS VALID THROUGH JULY 27TH DEADLINE (AS INDICATED IN ATTACHED INSERT “CLUB LEASE EXTENSION & MEMBERSHIP TRANSITION PROGRAMME”)

CONTACT INFORMATION: Jackie Tan – Director of Marketing and Membership jackie.tan@lagunanational.com, Tel: 6248 1729 Bradley Leahey – General Manager, Golf & Country Club bradley.leahey@lagunanational.com, Tel: 6248 1795 Jess Loo –

Executive Personal Assistant to the Managing Director jess.loo@lagunahospitality.com, Tel: 6248 1724


LETTER OF INTENT LAGUNA NATIONAL MEMBERSHIP EXTENSION PROGRAMME IN PRINCIPLE ACCEPTANCE OF HERITAGE TRANSITION MEMBERSHIP OFFER I, _______________________________ holding ____________________ and _________________

(Name)

(NIRC/ Passport No.)

(Membership No.)

intend to purchase and wish to apply for approval from the Membership Committee for the Heritage Transition Membership at Laguna National Golf & Country Club. The terms, however, shall be finalized and will be incorporated into a formal agreement (the “Membership Agreement”) to be provided to you upon Laguna’s confirmation of acceptance of the Lease Extension Premium by the SLA. My current Membership Category is; Individual Individual with Unsecured Note Corporate Other with Unsecured Note

Local Local Local Local

Foreign Foreign Foreign Foreign

The basic terms are as follows: 1. I understand this is a limited special offer made to Members, expiring when the maximum enrollment is reached and as of July 27, 2012. 2. I intend to accept and purchase the Heritage Transition Membership at the price set and indicated for my specific Membership Category. 3. I agree to mark my intent to purchase by the submission of the downpayment, in the amount outlined for my specific Membership Category on or before July 27, 2012. This deposit is refundable if Laguna National Golf & Country Club Ltd elects NOT to proceed with the Lease Extension. 4. GST is payable at the prevailing rate on the outstanding balance of the extension price after the goodwill extension credit is applied on the market pricing. 5. The obligation of the Member to purchase the Membership will be subject to satisfaction or approval of the Membership Review Committee and at their sole discretion. 6. Laguna National will notify applicants of the Lease Extension decision on or about August 7, 2012. Sincerely,

______________________________ MEMBER’S NAME

LIMITED OFFER DEADLINE SENSITIVE

______________________________ MEMBER’S SIGNATURE


Extension letter