Investor Relations

This presentation is submitted on a confidential basis for use by a limited number of investors solely in connection with the consideration of the purchase of the units offered hereby in a private placement. Its use for any other purpose is strictly prohibited. It may not be reproduced or redistributed in whole or in part, nor may its contents be disclosed to any person other than the prospective purchaser to whom it is submitted. No person has been authorized to make representations or give any information with respect to the company or the units offered hereby except for the information contained herein. Purchasers of the units offered hereby should not rely on any other information disclosed orally or in writing by any party unless that information is contained in this presentation. This information as well as other materials that subsequently may be provided by the company are to be returned promptly if the recipient elects not to proceed with the investigation of, or participation in, the offering or if the offering is terminated. The information contained herein is presented as of the date hereof, and is subject to change by majority vote of the board of directors only, any change requires stakeholder approval and adequate notice. Prospective investors are not to construe the contents of this presentation as legal, business or tax advice. Each prospective investor should consult his or her own attorney, business advisor and tax advisor as to the legal, business and tax related matters concerning this offering. Neither the company nor any of its affiliates, advisors or representatives is making any representation to any offeree or purchaser of these units regarding the legality of any investment or similar laws. Representatives of the company will be available, upon request, to discuss the offering with prospective investors, to answer questions and to discuss the information contained in this presentation and to provide any additional information such prospective investor may consider necessary in making an informed decision as well as any information needed in order to verify the accuracy of the information set forth herein, to the extent the company possesses same or can acquire it without unreasonable effort or expense. If what you are told is different from the presentation, only the presentation can be relied upon. This presentation does not constitute an offer or solicitation in any state or other jurisdiction in which such sale would not be in compliance with the securities or blue sky laws of such jurisdiction. The units may not be resold unless they are subsequently registered under the securities act and applicable state law, or an exemption from such registration requirement is available. Each purchaser of the units should proceed on the assumption that he or she must bear the economic risk of the investment for an indefinite period of time. Each purchaser will be required to represent that he or she is purchasing the units for investment and not with the intent to distribute the units. Investment in land development involves some degree of risk, and investors should not invest any funds in this offering unless they can afford to lose some part of or all their investment. The company reserves the right to withdraw this offering at any time and reserves the right to reject any commitment to subscribe for the units in whole or in part and to allot to any prospective investor less than the full amount of units subscribed for by such prospective investor. This presentation has been prepared solely for the benefit of prospective qualified investors interested in the presentation. Distribution of this presentation to any person other than such prospective investor and those persons retained to advise such prospective investor with respect thereto is unauthorized and may violate various state or federal securities regulations. Photocopying or other reproduction of this presentation, in whole or in part, or the divulgence of any of its contents, without the prior written consent of the company is strictly prohibited. Each prospective investor, by accepting delivery of this presentation, agrees to return it and all other documents received by such prospective investor to the offices of the company of the prospective investor does not subscribe for the purchase of any units, the prospective investor’s subscription is not accepted, or this offering is terminated. This private placement presentation does not constitute an offer to sell, or a solicitation by anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.

Risk factors

Investment in the units offered in this presentation involves some degree of risk, and should be made by persons who can afford the loss of part of or all their investment.