SPECIAL CONDITIONS

1.- Term: 20 years

2.- Payment Method: Cash payment or deferred payment (annual interest 5,9%)

3.- Maintenance fee: There are two possibilities

A) 58 € per month, per playing right.
B) 29 € per month, and 50% discount on green fees.

The fee may change, depending on the number of rights sold, it will not exceed the amount of 78 € per month.

Members children under 18 can play for free.

Children under 16 years must be accompanied by the member. (Maximum of 3 children, an extra fee of 10€ for additional child)

The spouse will have a 15% discount on the purchase of the playing right.

The owners of the Urb. La Resina GOLF CLUB will benefit from a 10% discount on the purchase of the playing rights.

4.- Resale: Only fully paid fees (up to date) playing right may be resold. It will require a notice to La Resina, 15 days in advance, to formalize the transmission- with intervention of La Resina.

Subscribers of the playing rights will have access to the future sports center, expected to be build, with paddle, tennis, football, gym and practice area for golf, with a 50% discount of the price set for the use of such facilities, if they will be built.

PRE-RESERVATION DOCUMENT

OBJECT: Playing rights La Resina Golf, Estepona, Malaga
ESCROW ACCOUNT HOLDER:
Name: EXPLOTACIONES GOLF FUN S.L.

The company EXPLOTACIONES GOLF FUN S.L. is the owner of the 9-hole golf course La Resina Golf.

The aforementioned company is considering the possibility to sell the maximum of 750 playing rights so the buyers can enjoy playing golf at La Resina GOLF CLUB with an additional payment, regardless of the price of the playing right and the maintenance fee.

The sale of rights as exploitation of the golf course and its facilities has not been decided yet by the owner EXPLOTACIONES GOLF FUN S.L. and its viability will depend on the number of rights prebooked until December 31 of 2017.

The company EXPLOTACIONES GOLF FUN S.L. has decided to initiate a process of pre- reservations until December 31 2017 which allows only to grant an order of preference for players interested in the acquisition of playing rights, they can choose their future acquisition if EXPLOTACIONES GOLF FUN S.L. finally decides to sell the rights, it´s not compulsory by signing this agreement.

This pre-reservation system with subsequent order of preference shall comply with the following conditions.

1.- The client interested to be included in the pre-reservation list must sign this document and transfer the amount of 100 € per playing right to be reserved to the following account number 0216 1409 41 8500167630 at Targobank named pre-reserve playing rights account, being EXPLOTACIONES GOLF FUN S.L. the account holder.

2.- On signing this document and after receiving the 100 € in the aforementioned account, the client will receive a pre-reservation number which will indicate the sequence in the preference list for the selection of the future playing right. The depositor must provide a copy of his/her passport and a copy of the bank transfer, accepting to provide whatever information required to comply with the Prevention of Money-Laundering regulations. It will not be permitted to pre-reserve more than 2 units, in this case the amount to be transferred would be 200 €.

3.- The amount deposited in the escrow account will be reimbursed to the depositor as soon as info@laresinagolfclub.com receives an email notifying his/her wish to get the funds reimbursed. The reimbursement of the funds will imply deleting the client from the pre-reservation list and from the order of preference. The reimbursement of the funds will be sent to the same account they were sent from at the time, deducting any charges or expenses incurred in the reception and reimbursement of the funds.

4.- When EXPLOTACIONES GOLF FUN S.L., no later than January 15, 2018, notifies the customer of its final decision to sell the playing rights, the customer shall have a period of two weeks to sign the corresponding document to acquire the paying right and the condition as subscriber – non-member, nor shareholder of the golf course, following the order marked by the preference list, at which time the amount of the pre-booking paid will be part of the price agreed for the acquisition of the playing right. The document of acquisition of the playing right and the condition of subscriber will describe the conditions of the relationship maintained between the client and the company that owns the golf course, the operating rules, prices of services and green fees and fee.

5. If within this period the customer has not signed the agreement provided by the company that owns the golf course, the amount for the pre-paid reservation will be refunded to the account from which originally transferred, minus all charges and commissions arising from receiving of funds and returning, being determined the prebooking agreement with nothing to claim.

6.- If EXPLOTACIONES GOLF FUN S.L. decides not to sell because the he desired number of playing right sales has not been reached, they shall notify the decision to the customer refunding within a week the amount of the pre – reservation to the same account from which originally transferred, discounting all fees and commissions arising from receiving of funds and returning, being determined the pre-booking agreement with nothing to claim.

7.- If EXPLOTACIONES GOLF FUN S.L. decides to defer its decision and informs the client about before January 15 2018, the customer may within two weeks confirm its decision to maintain the advance booking for the new term. If not, the amount for the prepaid reservation will be refunded to the account from which originally transferred.

8.- In witness whereof, the owner and developer, the client and the escrow account holder hereby sign this document in triplicate and to one effect.

Explotaciones Golf Fun S.L.