San Antonio, TX 78263 - Bexar County

Northlake, a new master planned residential development opportunity offered on the north shore of Calaveras Lake, a 3600 acre lake in southeast San Antonio. Located 20 minutes from downtown, this community will feature 2046 lots across 453 acres with more than 2500 feet of lake frontage and is within minutes of multiple current and planned new home communities in the $200Ks-$500K's. Utility agreements in place for sewer(SAWS) and water (ECSUD), with Master Development Plan and a Super PID for the development has been created.

TERM SHEET

2046 PAPER LOTS (40s and 45s) AT $16,000 PER PAPER LOT

PURCHASER KEEPS ALL PID REIMBURSEMENTS

(SEE ATTACHED PROJECTIONS OF PID REIMBURSEMENTS AT $300,000 PER HOME)

ENGINEERS OPINION ON PROBABLE COSTS ATTACHED

MASTER DEVELOPMENT PLAN APPROVED

PUBLIC IMPROVEMENT DISTRICT ALREADY CREATED

WATER NSSA WITH EAST CENTRAL SUD

NO OFF-SITE IMPROVEMENTS UNTIL AFTER 750 HOMES

WASTEWATER UTILITY SERVICE AGREEMENT APPROVED BY SAWS

MAJORITY OF OFF-SITES BEING INSTALLED BY LENNAR NOW