Membership

                                                      Admiral's Cove Membership Fee & Dues Schedule   November 1, 2007 - October 31, 2008

              House offered has mandatory equity membership (social) of $86,000    These memberships are no longer being offered and most units available

            here for sale have mandatory golf memberships.  ($150.000).   Admiral's cove club members voted  that a home here could not be

           sold without the existing membership attached to the transaction.  As I understand it, upgrades to sports memberships are possible.  Consultation

           with club officials can answer all your questions.

                 Application for Membership -   $250.00    ( non-refundable)

               Full Golf            $150,000            Equity refundable  $60,000     Non-refundable    $90,000   Deposit  $10,000    Due at closing  $140,000

               Sports                 $100,000                                            35,000                                   65,000                   10,000                                90,000

               Tennis                 $100,000                                            30,000                                   70,000                   10,000                                90,000   

               Social                    86,000                                             24,000                                   52,250                    10,000                                76,250