LETTER OF INTENT. 37 th Ryder Cup Valhalla Golf Club Louisville, Kentucky September 16-21, Contact. Title. Address. City. .

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LETTER OF INTENT Champions Club Table for 10 people Total cost - $55,000* $13,750 non-refundable deposit due with this Letter of Intent How did you hear about PGA Hospitality? (check all that apply please) Brochure PGA Newsletter Host Club Other Hospitality Purchaser Business Associate PGA Ticketing Other: I wish to purchase table(s). Hospitality Chalet for 150 people Total cost - $500,000* (only one available) $125,000 non-refundable deposit due with this Letter of Intent Note: For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than three companies may share a 150 person chalet. Premium Hospitality Chalet for 100 people Total cost - $450,000* (only one available) $112,500 non-refundable deposit due with this Letter of Intent Note: For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than two companies may share a 100 person chalet. Legal Company Name Contact Title Address City State ( ) Phone Number ( ) Fax Number E-mail Signature Zip Date Premium Hospitality Chalet for 200 people Total cost - $750,000* (only two available) $187,500 non-refundable deposit due with this Letter of Intent Note: For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than two companies may share a 200 person chalet. Please remit payment to: PGA Tournament Corporation, Inc. c/o Tim Gwinnell or Annette Mongeau 100 Avenue of the Champions Palm Beach Gardens, FL 33418 Tim Gwinnell: 561-624-7691 Annette Mongeau: 561-624-8480 Fax: 561-624-7634 E-mail: hospitality@pgahq.com *plus applicable sales tax (to be advised)

CHAMPIONS CLUB TABLE for 10 People The 2008 Ryder Cup offers Corporate Hospitality Tables to accommodate 10 people each day. These tables are located in The Champions Club on the grounds of Valhalla Golf Club in Louisville. The Champions Club is a specially designed, climate-controlled facility with convenient access to Ryder Cup action. The 10-Person Table Package includes: A reserved table for ten (10) people in the Champions Club structure for five (5) days (Wednesday Sunday) with: - Floral centerpiece and linens - Company signage at entrance and on table - TV viewing in Champions Club - Premium restroom facilities (for Champions Club patrons only) Ten (10) Ryder Cup tickets and one (1) staff/ administrator ticket for five (5) days of Ryder (Wednesday-Sunday) Exclusive promotional use of the Ryder Cup logo in client invitations to The Ryder Cup (usage subject to PGA approval) Opportunity to purchase a limited number of PGA-reserved hotel accommodations within the states of Kentucky and Indiana Preferred parking in reasonable proximity to Ryder Cup grounds Food and beverage service for ten (10) guests and one (1) staff/administrator for five (5) days of Ryder (Wednesday-Sunday), which includes: Forty (40) Official Ryder Cup Journals for Ryder Ten (10) Ryder Cup pairing sheets delivered to your table each match-play day (Friday-Sunday) Exclusive opportunity to purchase dual-branded merchandise (Ryder Cup logo and your company logo) Security personnel to control invitation-only access into the Champions Club Cost for CHAMPIONS CLUB TABLE FOR 10 PEOPLE $55,000* *plus applicable sales tax The cost of food and beverage served in the Champions Club is included in the contract price. The 37th Ryder Cup has designated a professional caterer and design consultant to service the Champions Club food, beverage and club décor. Purchaser may request the caterer to provide additional specialty individual table food and/or beverage items at an additional cost to the Purchaser.

HOSPITALITY CHALET for 150 People The 2008 Ryder Cup features private Corporate Hospitality Chalets to accommodate 150 people each day. This Chalet is located near Hole 17 within a Corporate Village on the grounds of Valhalla Golf Club in Louisville. Chalet is designed to provide your clients and guests the ultimate entertainment experience. Chalet offers air-conditioning/heating, carpeting, furnishings, televisions, telephones, computerized scoring information systems and an attached furnished patio. The 150-Person Chalet package includes: The Chalet itself, incorporating: - Sufficient air-conditioning and/or heating - Flooring with indoor/outdoor carpet - Lounge area with chairs, and cocktail table - Secured storage area - One (1) 4 skirted registration table with two (2) chairs - Up to fifteen (15) 60 round tables with ten (10) chairs at each table - One (1) 16 buffet table, fully skirted - One (1) 8 bar and rear-service table, skirted - Three (3) television monitors measuring 27 in size - One (1) computer scoring terminal - Two (2) telephones with free local service - Selection of solid-colored linen table cloths - Premium restroom facilities (for the Corporate Village only) - Front entrance patio; covered, floored, carpeted, landscaped, and furnished with four (4) patio tables and five (5) chairs for each table - Plants for tent tables, buffet and patio tables - Company signage in front of your hospitality chalet One hundred fifty (150) Ryder Cup tickets and six (6) staff/administrator tickets for five (5) days of Ryder (Wednesday-Sunday) Food and beverage service for one hundred fifty (150) guests and six (6) staff/administrators Wednesday through Sunday of Ryder to include: Invitations for six (6) people to attend the Ryder Cup Gala Dinner held one evening of Ryder Invitation for eight (8) people to play golf at Valhalla Golf Club at a date and time of purchaser s choice during 2007 (subject to availability). Caddies, use of the practice facilities and refreshments are included. Preferred parking in reasonable proximity to Ryder Cup grounds One (1) full-page, four-color advertisement in the Official Ryder Cup Journal Exclusive opportunity to purchase dual-branded (Ryder Cup and your company logo) merchandise Three hundred (300) Official Ryder Cup Journals for Ryder One hundred fifty (150) Ryder Cup pairing sheets delivered to your chalet each match-play day (Friday Sunday) Opportunity to purchase a limited number of PGA-reserved hotel accommodations within the states of Kentucky and Indiana Exclusive promotional use of the Ryder Cup logo in client invitations to The Ryder Cup (usage subject to PGA approval) Security personnel to control invitation-only access into the Corporate Village. Cost for HOSPITALITY CHALET FOR 150 PEOPLE $500,000* * plus applicable sales tax. For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than three companies may share a 150 person chalet. The cost of food and beverage served Wednesday through Sunday is included in the contract price. The has designated a professional caterer and design consultant to service Purchaser s food, beverage and décor requirements. Purchaser may request specialty food, beverage and décor items for Purchaser s individual chalet at an additional cost to the Purchaser. Invitations for four (4) people to play in a Corporate Golf Outing at Valhalla Golf Club (date to be determined)

PREMIUM HOSPITALITY CHALET for 100 People The 2008 Ryder Cup features one private Corporate Hospitality Chalet by Hole 7 to accommodate 100 people each day. This Chalet is designed to provide your clients and guests the ultimate entertainment experience. Chalet offers air-conditioning/heating, carpeting, furnishings, televisions, telephones, computerized scoring information systems and an attached furnished patio. The 100-Person Chalet package includes: The Chalet itself, incorporating: - Sufficient air-conditioning and/or heating - Flooring with indoor/outdoor carpet - Lounge area with chairs, and cocktail table - Secured storage area - One (1) 4 skirted registration table with two (2) chairs - Up to ten (10) 60" round tables with ten (10) chairs at each table - One (1) 16 buffet table, fully skirted - One (1) 8 bar and rear-service table, skirted - Three (3) television monitors measuring 27 in size - One (1) computer scoring terminal - Two (2) telephones with free local service - Selection of solid-colored linen table cloths - Premium restroom facilities (for the Chalets at Hole 9 only) - Front entrance patio; covered, floored, carpeted, landscaped, and furnished with four (4) patio tables and five (5) chairs for each table - Plants for tent tables, buffet and patio tables - Company signage in front of your hospitality chalet One Hundred (100) Ryder Cup tickets and four (4) staff/ administrator tickets for five (5) days of Ryder (Wednesday-Sunday) Food and beverage service for one hundred (100) guests and four (4) staff/administrators Wednesday through Sunday of Ryder to include: Invitations for four (4) people to attend the Ryder Cup Gala Dinner held one evening of Ryder One (1) full-page, four-color advertisement in the Official Ryder Cup Journal Exclusive opportunity to purchase dual-branded (Ryder Cup and your company logo) merchandise Two hundred (200) Official Ryder Cup Journals for Ryder One hundred (100) Ryder Cup pairing sheets delivered to your chalet each match-play day (Friday Sunday) Opportunity to purchase a limited number of PGA-reserved hotel accommodations within the states of Kentucky and Indiana Exclusive promotional use of the Ryder Cup logo in client invitations to The Ryder Cup (usage subject to PGA approval) Security personnel to control invitation-only access into the Corporate Village. Cost for HOSPITALITY CHALET FOR 100 PEOPLE $450,000* * plus applicable sales tax. For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than two companies may share this 100 person chalet. The cost of food and beverage served Wednesday through Sunday is included in the contract price. The has designated a professional caterer and design consultant to service Purchaser s food, beverage and décor requirements. Purchaser may request specialty food, beverage and décor items for Purchaser s individual chalet at an additional cost to the Purchaser. Invitations for eight (8) people to play golf at Valhalla Golf Club at a date and time of purchaser s choice during 2007, the year preceeding the Ryder Cup. Caddies, use of the practice facilities and refreshments are included. Invitations for four (4) people to play in a Corporate Golf Outing at Valhalla Golf Club (date to be determined) Preferred parking in reasonable proximity to Ryder Cup grounds

PREMIUM HOSPITALITY CHALET for 200 People The 2008 Ryder Cup features private Corporate Hospitality Chalets to accommodate 200 people each day. These Chalets are located along Hole 9 on the grounds of Valhalla Golf Club in Louisville. The Chalets are designed to provide your clients and guests the ultimate entertainment experience. Chalets offer air-conditioning/heating, carpeting, furnishings, televisions, telephones, computerized scoring information systems and an attached furnished patio. The 200-Person Chalet package includes: The Chalet itself, incorporating: - Sufficient air-conditioning and/or heating - Flooring with indoor/outdoor carpet - Lounge area with chairs, and cocktail table - Secured storage area - One (1) 4 skirted registration table with two (2) chairs - Up to twenty (20) 60" round tables with ten (10) chairs at each table - One (1) 16 buffet table, fully skirted - One (1) 8 bar and rear-service table, skirted - Three (3) television monitors measuring 27 in size - One (1) computer scoring terminal - Two (2) telephones with free local service - Selection of solid-colored linen table cloths - Premium restroom facilities (for the Chalets at Hole 9 only) - Front entrance patio; covered, floored, carpeted, landscaped, and furnished with four (4) patio tables and five (5) chairs for each table - Plants for tent tables, buffet and patio tables - Company signage in front of your hospitality chalet Two Hundred (200) Ryder Cup tickets and eight (8) staff/ administrator tickets for five (5) days of Ryder (Wednesday-Sunday) Food and beverage service for two hundred (200) guests and eight (8) staff/administrators Wednesday through Sunday of Ryder to include: Invitations for eight (8) people to attend the Ryder Cup Gala Dinner held one evening of Ryder Invitation for twelve (12) people to play golf at Valhalla Golf Club at a date and time of purchaser s choice during 2007, the year preceeding the Ryder Cup. Caddies, use of the practice facilities and refreshments are included. Preferred parking in reasonable proximity to Ryder Cup grounds One (1) full-page, four-color advertisement in the Official Ryder Cup Journal Exclusive opportunity to purchase dual-branded (Ryder Cup and your company logo) merchandise Four hundred (400) Official Ryder Cup Journals for Ryder Two hundred (200) Ryder Cup pairing sheets delivered to your chalet each match-play day (Friday Sunday) Opportunity to purchase a limited number of PGA-reserved hotel accommodations within the states of Kentucky and Indiana Exclusive promotional use of the Ryder Cup logo in client invitations to The Ryder Cup (usage subject to PGA approval) Security personnel to control invitation-only access into the Corporate Village. Cost for HOSPITALITY CHALET FOR 200 PEOPLE $750,000* * plus applicable sales tax. For companies wishing to share a chalet, there is an additional administrative charge of $1,000 per company. No more than two companies may share a 200 person chalet. The cost of food and beverage served Wednesday through Sunday is included in the contract price. The has designated a professional caterer and design consultant to service Purchaser s food, beverage and décor requirements. Purchaser may request specialty food, beverage and décor items for Purchaser s individual chalet at an additional cost to the Purchaser. Invitations for six (6) people to play in a Corporate Golf Outing at Valhalla Golf Club (date to be determined)

CORPORATE HOSPITALITY Table & Chalet Packages September 16-21, 2008 CORPORATE HOSPITALITY PACKAGE INCLUDES: 10 CHAMPIONS CLUB TABLE 150 HOSPITALITY CHALET (Hole 17) 100 PREMIUM CHALET (Hole 7) 200 PREMIUM CHALET (Hole 9) Package price $55,000* $500,000* $450,000* $750,000* Number of Ryder Cup guest tickets for (5) five days of Ryder (Wednesday-Sunday). Food and beverage included. Number of Ryder Cup staff/administrator tickets for (5) five days of Ryder (Wednesday-Sunday). Food and beverage included. 10 150 100 200 1 6 4 8 Number of additional hospitality tickets available to purchase (food and beverage at an additional charge). N/A 60 40 60 Number of people invited to play at Valhalla Golf Club at a date and time of purchaser s choice during 2007 (subject to availability). Caddies, use of the practice facilities and refreshments are included. N/A 8 8 12 Number of people invited to play in a Corporate Golf Outing at Valhalla Golf Club (date to be determined). N/A 4 4 6 Full-page, four-color advertisement in the Official 37 th Ryder Cup Journal. N/A 1 1 1 Number of invitations to the Gala Dinner held one evening of Ryder. N/A 6 4 8 Number of Official Journals delivered during the week of the Ryder Cup. 40 300 200 400 Number of pairing sheets delivered daily for three (3) days of Ryder, Friday through Sunday 10 150 100 200 *plus applicable sales tax Also included in each Hospitality Package: VIP parking in specially designated facilities within convenient proximity to Valhalla Golf Club. Air conditioning, carpeting, furnishings, televisions, telephone(s) and computerized scoring information system. Standard corporate signage at entrance to and within hospitality location. Security personnel to control invitation-only access into hospitality area. Opportunity to purchase a limited number of hotel accommodations within the states of Kentucky and Indiana. Exclusive opportunity to purchase merchandise with your company logo and the Ryder Cup logo. Exclusive promotional use of the Ryder Cup logo in client invitations to the Ryder Cup (usage subject to PGA approval). Promotional use of the event name in the 37th Ryder Cup Journal (usage subject to PGA approval). Chalets: Food and beverage for number of guests and staff tickets is included in the price of the chalet package and will be served Wednesday through Sunday of Ryder. Purchaser may request specialty food, beverage and décor items for Purchaser s individual chalet at an additional cost to the Purchaser. The has designated a professional caterer and design consultant to service Purchaser s food, beverage and décor requirements.