Welcome DragonRidge Country Club, Sunday March 16 th, 2014 Member Presentation

Welcome DragonRidge Country Club, Sunday March 16 th, 2014 Member Presentation

The company is wholly owned by Du Sha, a Canadian citizen and one of China's most respected entrepreneurs. Mr. Du is Chairman of Pacific Links. Bruce Simmonds, Chief Executive Officer of Pacific Links, founded and grew ClubLink into Canada's largest owner and operator of golf clubs.

Pacific Links Growth Plans Include: Pacific Links plans to continue to grow its impressive portfolio and introduce an additional 50 affiliate golf clubs in 2014 and 150 clubs over the next three years with a presence in every major metropolitan and destination golf market in North America. PLI will specifically target clubs in: New York, Florida, Arizona, California and Pennsylvania as well as several international markets such as Canada, Australia, Asia and New Zealand.

Olomana Golf Club, Hawaii Pacific Links Clubs Southern Highlands Golf Club (Las Vegas, Nevada) SouthShore Golf Club (Henderson, Nevada) DragonRidge Country Club (Henderson, Nevada) Dove Canyon Country Club, (Orange County, California) Pete Dye Golf Club (Bridgeport, West Virginia) Kapolei Golf Club (Kapolei, Hawaii) Royal Hawaiian Golf Club (Kailua, Hawaii) Makaha East Golf Club (Waianae, Hawaii) Makaha West Golf Club (Waianae, Hawaii) (under construction) Olomana Golf Club (Waimanalo, Hawaii) The 27 Club (Beijing, China) (under construction)

TPC Scottsdale, Arizona Pacific Links Members enjoy golf at over 100 courses through our Affiliate and Reciprocal programs. Across the United States to Asia, Australia and back, this unique reciprocal membership assures you personal attention, warm service and the extraordinary experience of playing each course as if it were your Home Club.

International Affiliate Affiliate Clubs Clubs Danang Golf Course, Vietnam Members do not pay green fees. Cart and/or Caddie fee is additional. Guests of Members are welcome. Bluffs Ho Tram, Vietnam Danang Golf Club, Vietnam Emeralda Golf Club, Indonesia Glenelg Golf Club, Australia Grange Golf Club, Australia Laguna Lang Cô Golf Club, Vietnam Laguna National Golf & Country Club, Singapore Links Hope Island, Australia Riverside Golf Club, Indonesia Saigon Golf Club, Vietnam Sandhurst Country, Australia Sanctuary Lakes Club, Australia Siam Country Club Plantation, Thailand Taman Dayu Golf Club and Resort, Indonesia Teddy Valley Golf & Resort, South Korea The Vintage, Australia *Twin Creeks Golf & Country Club, Australia *Glenmarie Golf & Country Club, Malaysia *Sutera Harbour Resort, Malaysia *Clearwater Golf Club, New Zealand *The Orchard Golf & Country Club, Philippines

International Reciprocal Clubs Red Mountain Golf Club, Phuket Pacific Links Members enjoy a significant discount off published green fees plus cart fee. Laguna Phuket Golf Club - Phuket, Thailand Loch Palm Golf Club - Phuket, Thailand Lotte Skyhill Jeju Country Club Jeju Island, South Korea Joondalup Resort - Perth, Australia Nirwana Bali Golf Club - Bali, Indonesia (Must Stay at Pan Pacific Resort) Riverdale Golf Club - Bangkok, Thailand Red Mountain Golf Club - Phuket, Thailand Sanctuary Cove Golf & Country Club - Gold Coast, Australia The Terrace Downs Resort - Canterbury, New Zealand

North American Reciprocal Clubs GolfBC Arbutus Ridge Golf Club - Cobble Hill, BC The Bear Course at the Okanagan Golf Club - Kelowna, BC The Emerald Course at Wailea Golf Club - Maui, Hawaii Furry Creek Golf & Country Club - Furry Creek, BC Gallagher s Canyon Golf Club - Kelowna, BC The Gold Course at Wailea Golf Club - Maui, Hawaii Mayfair Lakes Golf & Country Club - Richmond, BC Nicklaus North Golf Course - Whistler, BC Olympic View Golf Club - Victoria BC The Pinnacle Course at Gallagher s Canyon - Kelowna, BC The Quail Course at The Okanagan Golf Club - Kelowna, BC Empire Clubs Minisceongo Golf Club - Pomona, New York New Jersey National Golf Club - Basking Ridge, New Jersey Pine Barrens Golf Club - Jackson, New Jersey Twisted Dune Golf Club - Atlantic City, New Jersey

TPC Sawgrass, Florida Reciprocal Clubs North America PGA -TPC/Heritage Clubs Pacific Links Members have reciprocal access to all clubs in the PGA TOUR s TPC/Heritage Group Network Members enjoy a significant discount off green fees plus cart fee TPC - Boston, Sawgrass, San Antonio, Las Vegas, Scottsdale, Stadium Course at PGA West, Stonebrae, Sugarloaf, Tampa Bay, Oyster Reef, Palmetto Hall Plantation Club, and more

DragonRidge Country Club Property enhancements Membership categories, policies and pricing Refer a friend program Questions and Answers Reception

Property Enhancements for 2014 70 New Club Car Carts $400,000 New GPS for Carts $150,000 Phase I of Bunker renovation $200,000 Summer Club Computer Systems $35,000 Golf Maintenance Equipment $100,000 Fall Phase I of Irrigation Upgrade $50,000 Resurface of Tennis Courts $30,000 Fall Total 2014 Spend $965,000

Property Enhancements for 2015 Phase II of Bunker Renovation $200,000 Phase II of Irrigation Upgrade $250,000 Clubhouse/Kitchen Update $250,000 Maintenance Equipment Package $275,000 Phase I $150,000 Bermuda Grass Restoration in Fairways Golf Course Signage $175,000 Total 2015 Spend: $1,300,000

Property Enhancements for 2016 Completion of Bunker Renovation $200,000 Completion of Irrigation Upgrade $300,000 Pump station Phase II of Bermuda Grass Restoration $100,000 Fitness Equipment Package $225,000 Golf Maintenance Equipment $100,000 Clubhouse and Fitness Center Furniture $200,000 Total 2016 Spend: $1,025,000 3 Year Total $3,290,000

Membership categories, policies and pricing

CUSTOM FIT MEMBERSHIP Our innovative Membership program gives you more variety, flexibility and a wider range of Membership categories and benefits than you would find in a traditional golf Membership. At Pacific Links you ll find an extremely competitive priced Membership option ideal for your lifestyle and golf style. Do you play almost daily, once a month, or a few times a year? Travel extensively or prefer your home turf? Does your family enjoy a country club setting or do you globe trot for business? We offer many affordable Membership options that will be a perfect fit. Full Golf National Corporate Young Executive Sport/Social Dining

Membership Categories Full Golf Home club protected tee times Participation in Member Events Unlimited use of the golf course, driving range and practice facilities, club house and recreational facilities Young Executive Membership Applicable to Under 40 year old Extended financing for membership fee to 120 months Reduced monthly dues and food and beverage minimums Under 30 = 60 % Dues and food and beverage Minimum; 30-34 = 70 % Dues and Food and Beverage minimum 35-39 = 80 % Dues and Food and Beverage Minimum National Membership Primary Residence must be minimum 75 miles from the club joined Access to protected Home Club tee times Participation in Member Events Unlimited Use of Driving Range and Practice Facilities, Clubhouse and recreational facilities Sport Social Membership Access to clubhouse, fitness, tennis, swimming and dining facilities May play up to 6 rounds of golf per year upon payment of Member Guest Fee Driving range and practice facility use in conjunction with a booked round of golf

Pacific Links Members get access to a long list of benefits not available through a traditional golf club membership, including: Access to all Pacific Links growing portfolio of owned properties and affiliate club relationships Preferred tee times at your Home Club Family Membership and Event Programing i.e.: Interclub Championships, Junior and Spousal programs Flexible and low-cost long term financing options Discounted rates on all Pacific Link owned accommodation (Southern Highlands and Pete Dye presently) Preferred rates at Affiliated Hotels and Resorts No assessment fees Member Committees to be instituted for 2015 Flexible Membership transferability, succession, relocation and upgrade options Member Concierge Services

Membership Fees (Entrance Fees) at DragonRidge Country Club New Members Joining DragonRidge after May 31st, 2014 1st Level 2nd Level 3rd Level 4th Level Full Golf 12,500 10,500 9,500 8,500 Young Executive 12,500 10,500 9,500 8,500 National 6,500 6,000 5,500 5,000 Sport Social 3,500 n/a n/a n/a Financing 15 % down - 72-120 months interest free depending on age 40 + = 72 months 0%; Under 40 = 10% down and 120 Months 0%

Note: All memberships include the Immediate Family designation and as such, the member s spouse or significant other and their unmarried children under the age of 25 are entitled to the same privileges as the Member (some restrictions apply). Membership levels (1 st to 4 th ) are available to Corporations and Extended Families as an incentive to purchase multiple memberships.

DragonRidge Monthly Dues Age 40+ 35-39 30-34 Under 30 (80%) (70%) (60%) Monthly Dues Golf $765 $612 $535.50 $459 National $475 $380 $332.50 $285 Sport Social $195 n/a n/a n/a

Food and Beverage Per Period Minimum Requirement 1st Half : January 1 - June 30 2nd Half : July 1 - December 31 Age 40+ 35-39 30-34 Under 30 Full Golf $600 $480 $420 $360 National $300 $240 $210 $180 Sport Social $600 n/a n/a n/a Food & Beverage Minimum - Semi Annual. Effective July 1, 2014 (Will move from Quarterly $300 to half year $600) Food and Beverage spending at any Pacific Links Club counts towards the Minimum if applied to your Members Account.

Introductory Offer March 17 to May 31st Golf: New $8,500 = $1,275 deposit and $100.35 monthly (after May 31 st 12,500) Member Referral Full Golf 7,500 = $1,125 deposit and $88.54 monthly (after May 31 st 12,500) MacDonald Residents, Former Member, Upgrades $6,000 = $900 deposit and $70.83 monthly (after May 31 st 12,500) Financing 15% down, balance over 72 months. Young Executive Membership Category introduce for FG and National Memberships (10% down / 120 months) Monthly Dues - (40 + yrs. 765.), (35 39 yrs. 612.), (30-34 yrs. 535.50), (Under 30 459.) F&B Minimum $600 per half year and prorated for young executive categories National Golf $4,000 = $600 deposit and $47.22 monthly (after May 31st 6,500) Financing 15% down balance over 72 months. Young Executives : 10% down balance over 120 months = $400 /$30 month Monthly Dues - (40 + yrs. 495.), (35 39 yrs. 396.), (30-34 yrs. 347.), (Under 30 297.) F&B Minimum - $300 per half year and prorated for young executive categories Sport Social New $2,500 = $625 deposit and $52.08 monthly (after May 31 st 3,500) Member referral $2,000 = $500 deposit and $41.67 monthly (after May 31 st 3,500) MacDonald Residents and Former Members $1,500 = $375. deposit and $31.25 monthly (after May 31 st 3,500) Financing 25% down, balance over 36 months Monthly Dues 195. F&B Minimum $600 per half year

Existing Golf Members Founders, MacDonald, Executive Categories Maintain Full Golf status and be extended all the benefits of PLI reciprocal privileges without further membership fees. Membership Benefits Include Access to over 100 Golf Clubs Reciprocal Play to PLI owned clubs - Subject to cart fee only per Pacific Links Guidelines Affiliate Club Access - Cart and or Caddie fee if applicable. Reciprocal Club Access - Significant discount on Member Guest Fee (50%) Family Members can take advantage of preferred membership fee pricing to join any PLI club through our tiered pricing Immediate Family Member Guest Fees Extended Family Member Guest fees Note: Monthly dues remain at $765 until Dec. 31, 2014 Cart Fees reduced from $25 to $22 Dues for 2015 not to increase more than 3% Includes spouse and children under 25 and living at home BONUS: We offer a complimentary transfer to other PLI courses (including Southern Highlands and SouthShore). Valid until May 30 th, 2014

DragonRidge Sport Member Offer(s) Options valid until to May 30, 2014 1) Grandfather privileges as DragonRidge ONLY Keeping existing privileges and maintaining monthly dues of $250. for 2014 Access to 12 Rounds (Jan-May and Oct). Unlimited golf June-Sept, Nov, Dec) Pay 20% less than the club s posted accompanied guest rate per round. F & B Minimum - $600 per half year 2) Member can elect a complimentary upgrade to Pacific Links / DragonRidge Full Golf, National or Sport Social Status subject to applicable dues and F&B minimums and benefits of that category. Receive reciprocal access to Pacific Links, Affiliate and Reciprocal clubs Member must stay in the category for Minimum of 12 months. Upgrade after 12 months to higher privileges without additional cost Special offer transfer opportunities for Full Golf or National Membership to Southern Highlands or SouthShore - See your Membership Director for details. Valid until May 30 th, 2014

DragonRidge Trial Golf Member Offer Options valid until May 30, 2014 Upgrade to DragonRidge/Pacific Links for $6,000 and gain access to more than 100 golf courses world wide and growing 15% down balance over 72 months = $900 deposit and $70.83 a month Dues = $765 monthly Young Executive 10% down balance over 120 months = $600 deposit/$45 month Monthly dues for Young Executives: 35 to 39 yrs = $612.30 to 34 yrs = $535.50, Under 30 = $459 F & B Minimum $600/ per half year If no membership is selected the Trial Membership will expire on the renewal date Trial memberships are not extended Pacific Links reciprocal privileges

Social Member Offer Options valid until May 30, 2014 Options: 1. Upgrade to Full Golf ($6,000) or National ($4,000) for introductory pricing and subject to applicable dues & Food and Beverage minimums 2. Complimentary move to Pacific Links Sport Social Membership ($3,500 Value) by May 30, 2014 Dues 195.00 monthly commencing June 1 st, 2014 Maintain current benefits and privileges Provides access to 6 rounds of golf per family member upon payment of the Member Guest Fee The Membership Fee value of $3,500 can be applied in future as credit towards any PLI membership product. i.e. upgrade to full golf Includes spouse and children under 25 living at home

Tennis Member Offer Complimentary Transfer to Pacific Links Sport Social Membership No membership fee. Current benefits and privileges apply Dues $195. F and B minimum $600 per half year. Added benefit of access to 6 rounds of golf annually upon payment of the guest fee

Member Committee All PLI Member Clubs establish a Member Committee to organize and run all Member Events including Member/Guest, Member/Member, Club Championships, Inter-Club Team qualifying, Season Long Matches, Mixed nine & dines, etc. The Director of Operations at each Club directs the Committee and voting process, slated to take place September through November 2014. Interested Members are encouraged to participate in the process. At a member meeting later this year, members will vote for a Men s/ladies Chair and Vice-Chair. The Member Committee typically has 10-12 active participants. Chairs hold the position for a maximum of a two year term. The Members Committee in conjunction with the leadership of the Director of Operations, will roll out the 2015 Member Fixture List of Events by January 15, 2015. The Committee is also responsible to manage a Captain s Fund. This fund is given to the Committee by PLI to assist with the successful creation and execution of Member events, award trophies, hole-in-one awards and insurance for hole-in-ones on the bases of $80. per Full Golf Member and $50. per National and Young Executive Members Jason Cheney, Director of Operations, will work together with the Advisor Board on the implementation of the Membership Committee. Get involved in building the Member Events at your Club by volunteering for the Committee. Simply contact the Golf Shop on or before September 15, 2015.

Refer-a-Friend Program Now until May 30, 2014 You can save your friends $1,000 each off the introductory offer of $8,500 Any existing member can introduce a new member for $7,500 Financing: 15% deposit due upon joining. Balance over 72 months interest free, non binding = $1,125 deposit and $88.54 monthly Existing Member referring a new Full Golf member or National Member will receive a complimentary foursome to DragonRidge or SouthShore

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