Dec 6, 2006

Dear Members and Homeowners,

First off thank you for your patience as we continue to wait for the final documentation for membership.

Attached are the following documents:

• Draft of Club Rules
• Draft of Golf Membership Policies
• Frequently Asked Questions and Answers for Golf Membership
• Frequently Asked Questions and Answers for the Amenity Association
• Membership Pricing Structure
• Reservation for Amenity Association Membership
• Reservation for Golf Membership

The document regarding the amenities association has not yet been released in draft form but we do anticipate this in the next 10 days and will forward it to you as soon as possible.  Please note that we have eliminated the initiation fee for the amenity association and the credit for home improvements in order to make it easier to join for all that wish to be a part of the future of Montesoro.  We have also decreased the dues pricing for the amenity association and the golf membership.  The details are outlined in the attached “Membership Offering Price Structure.”

The process for becoming a member is to first fill out the attached reservation form and either mail, fax or drop it off at the clubhouse.  Once we have final documents we will present you with the actual application to fill out and sign.  The amenities association requires no deposit and the golf membership requires a $5000 deposit.  The deadline for reservations has been moved to January 31, 2007.

If possible please reply that you have received this email and let me know if there are any questions I can answer.

Look forward to hearing from you and sharing the future of Montesoro with you.

Beth Divine

Controller/Director of Operations

Montesoro Golf and Social Club

760-767-5000 Ext 2