|a. Estates will be sold as three continuous 30-year leases (90 years). Lessees will also have a
Controlling ownership interest in the “Lessor”, a freehold, Thai land holding company.
b. Estates ownership will be legally structured by:
i. Master Agreement
ii. Lease Agreement with the Lease obligations, easements and regulations
iii. A Maintenance and Management Agreement
iv. Share Purchase Agreement
c. Villa construction will be legally structured by:
i. Individual Construction Contract with the Builder.
ii. Construction Management Agreement with Campbell Kane (Thailand) Ltd.
d. Some of these Agreements may be combined and collectively will regulate the management of homes and landscaping, limit usage to residential use only, establish maintenance fees for common area of the property, establish easements on roads and paths to tennis facilities and beaches, create a management relationship with the project management program.