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The Residences at A Luxury Cayman Villas Tranquility Cove Property The Residences at Tranquility Cove is being developed as an exclusive beachfront enclave of luxury residential properties that will be managed by Luxury Cayman Villas. Owners at Pease Bay Resort will have the opportunity to put their property in an optional rental program. The Residences at Tranquility Cove, a bespoke micro-resort, will offer nightly accommodations to the traveling public. Resort-style services will be offered to permit market positioning as a micro-resort and distinguish the Residences at Tranquility Cove in the competitive Vision luxury hotel/vacation rental market in Cayman Islands and the Caribbean. These services will include an extended continental breakfast service, concierge services, daily housekeeping, access to gym, spa treatment facilities, private catering services, business center, non-motorized water sports equipment, onsite conference center and 36-person movie theater, etc. The development plan consists of: • Existing six-bedroom luxury villa The Residences • New seven-bedroom luxury villa at Tranquility • Four four-bedroom multi-unit complex • Welcome Centre with front of house/reception, back of house, laundry facilities, gym, catering kitchen, 36-seat Cove movie theatre/multi-purpose room, spa treatment facility • 94 Heads in Beds with 29 Bedrooms – Property Capacity The Residences at Tranquility Cove Master Site Plan Existing Strucure

The original Tranquility Cove villa, which has been contributed by LCV together with the land for the Residences at Tranquility Cove Project, features over 5,000 square feet of air conditioned space. An expansive open floor plan includes six bedrooms (sleeps up to 16), six and a half bathrooms, a chef’s kitchen, rec room with games, and state of the art technology. The outdoor space includes a private beach, outdoor infinity swimming pool with terrace and shaded lanai, outdoor kitchen, and professional landscaping. Under LCV’s management, this stand-alone, six bedroom villa earns more than $600K in annual gross rental income, making it one of the top producing properties in the island. The Welcome Centre New Seven Bedroom Villa • Two-story building with (4) four- bedroom suites that can be combined into (2) eight-bedroom larger family suites with custom disappearing interior wall system. New Multi-Unit • Each upstairs unit includes direct access to the pool and spa via private ocean- Structure view stairs. • Elevator access makes the upper floors handicap accessible. Comparative Aerial Views

• The lower image reflects the current aerial view of the parcel. • The first image includes the new build overlay. The Residences at Tranquility Cove Overview The Residences at Tranquility Cove Parcel

HISTORY The property is located in the area of Bodden Town. The former capital of the Cayman Islands, the community is situated on a natural harbor and a coral reef. The first settlement was named after a government leader, William Bodden. Once a hide-away for pirates, this village is known for its remains of a 6 kilometer/4 mile long wall and cannon. Attractions include the Mission House, which features the lifestyle of early Caymanian settlers, and the Bodden Town Pirate Caves. TAXES There is no direct taxation in Cayman Islands; there are no property, income, corporate, inheritance or capital gains taxes. A one-time property transfer/stamp tax is paid when acquiring property. Stamp tax is also charged on financial transactions. Import taxes range from 15% to 22% on most construction and household items. Green products (e.g. solar panels, electric cars, etc.) are generally tax exempt. New resort developments often qualify for duty exemptions on construction materials, furniture and fixtures. The Property

THE RESIDENCES AT TRANQUILITY COVE The micro-resort is located on the waterfront in historic Bodden Town, the original capital of Cayman Islands.

Zoning

The property is described as Block 48C, Parcel 16. It is zoned beach resort/residential. It is one of the only parcels of land zoned for beach resort/residential on the south shore in the east end. Land Use

The two-acre beachfront property is flat, with a gentle slope to the water. The property enjoys 360 feet of frontage on a wide, sandy beach. The property faces south. Mature landscaping provides aesthetic appeal and privacy. There are no immediate neighbours on either side of the property. The property has capacity for 24 parking spaces. Project Inquiries

Kenneth C. Thomas, Jr., Director 22-30 South Church Street, Unit 7 A Second Floor, Bayshore Mall, George Town P.O. Box 10335, Grand Cayman, Grand Cayman KY1-1003, Cayman Islands Toll Free: 844-Go-Cayman | Local: (345)769-1201 www.LuxuryCaymanVillas.com Email: [email protected]