MEMBERSHIP/FEE SCHEDULE

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MEMBERSHIP CLASSIFICATION MEMBERSHIP/FEE SCHEDULE - 2012 Currently, new membership to The Venice Golf and Country Club is limited to residents of this outstanding community. Unlike many clubs, members may own and keep their golf carts at their home, offering a welcoming convenience for an annual Trail Fee or Social Cart Fee. There are three categories of membership: Golf, Recreational and Social. All members own equity in the Club, i.e., members, not a developer, own the Club and all of its facilities. All member categories are entitled to the use of swimming, fitness, dining and social facilities of the Club. Additional benefits apply to specific categories of membership. There is a One-Time Entry Fee, as well as annual dues and fees associated with each category of membership. The One-Time Entry Fee is due at closing for new members. This brief summary offers a broad overview of the benefits associated with each membership classification. Golf Membership Golf memberships are limited to 364. Priority privilege to reserve golf tee times. Eligible to participate in all golf events for members - subject to required sign-up or entry fee. No green fees or tennis court fees. Golf cart fees are the member s responsibility. Recreational (Tennis) Membership Unlimited use of all tennis facilities without charge. Eligible to use the golf facilities of the Club six times during each membership year. Applicable greens fees, golf cart fees will be charged. Social Membership Eligible to use golf and tennis facilities of the Club six times during each membership year. Applicable green fees, golf cart fees and tennis court fees will be charged for using the facilities. SCHEDULE OF EQUITY MEMBERSHIP CONTRIBUTION, DUES AND FEES Membership Year Effective January 1, 2012 Equity Annual Annual One-Time Membership Dues & Fees * Reserve Entry Fee Golf: Family $6,905 $1,221 $28,500 ($25,000 = Equity) Golf: Single Golfer $6,339 Recreational (Tennis) $3,105 $ 838 $12,000 ($9,000 = Equity) Social $2,758 $ 711 $ 9,000 ($6,750 = Equity) Golf Membership includes unlimited range balls. *Includes Annual Dues, Gratuities & Frequent Dining Rewards Program.

THE VENICE GOLF AND COUNTRY CLUB 2012 FEES AND CHARGES Golf Fees Per Person, Per Day (All guests must be accompanied by a member) June 1 September 30 Golf Member Greens Fee No Charge Social & Recreational Member Greens Fee $ 15.00 * Guest of Member Greens Fee $ 15.00 Golf Cart Fees - Per Person, Per 18 Holes $ 25.00 October 1 May 31 Golf Member Greens Fee No Charge Social & Recreational Member Greens Fee $ 50.00 * Guest of Member Greens Fee $ 50.00 Golf Cart Fees - Per Person, Per 18 Holes $ 25.00 *Social & Recreational members are limited to 6 rounds per membership year. Extra Optional Amenities Annual Trail Fee Per Member-Owned Cart $ 1,650.00 Annual Social Cart Fee $ 50.00 Annual Bag Storage Per Bag $ 84.00 Hole-in-One Insurance Fund (Golf Members) $ 3.00 (billed as needed) Seasonal Bag Storage Fee Per Bag $ 60.00 Annual Handicap Fee Per Person $ 25.00 Tennis Court Fees Per Person, Per Day (Social Members & Day Guests) $ 10.00 Annual Range Fee (Optional Recreational/Social Members Only) $ 300.00 PLEASE NOTE: Dues and most charges and fees are subject to applicable Florida Sales Tax. Master Association 2012 Annual Dues Required for all homeowners $1,800.00 Neighborhood Association Quarterly Dues Maintained Neighborhoods Cheval $ 580.00 Cheval South $ 580.00 Lansbrook $ 575.00 Vestavia $ 615.00 Wellington $ 580.00 Wentworth $ 592.00 2012 MASTER ASSOCIATION DUES The Venice Golf and Country Club Master Association, Inc. Phone: 941-496-8482

THE VENICE GOLF AND COUNTRY CLUB THE VENICE GOLF AND COUNTRY CLUB The Preferred Private Community Integrating Home Ownership With A Prestigious Club Lifestyle. 250 Venice Golf Club Drive Venice, FL 34292 941-492-9600 Fax 941-492-9662 www.venicegolfandcc.com

THE VENICE GOLF AND COUNTRY CLUB The Preferred Private Community Integrating Home Ownership With a Prestigious Club Lifestyle. GENERAL DESCRIPTION Nestled among 460 tropical acres, The Venice Golf and Country Club is a member owned world-class equity club community of 587 single family homes and a Certified Audubon Cooperative Sanctuary golf course with 26 lakes and 13 preserves. Native Florida trees and vegetation play a key role in the club s landscaping design, showing a commitment to maintaining the integrity of Florida s natural beauty while guaranteeing a continuing habitat for the local and migratory bird population. EQUITY CLUB OWNERSHIP Formed in 1990 as a not-for-profit corporation, The Venice Golf and Country Club is a private member owned and governed community. It is the equity members, whose vision guides the club forward, securing continued championship golf, enviable clubhouse facilities and a membership united in spirit and desire to maintain The Venice Golf and Country Club s place as one of the top golf and country clubs in Florida. MEMBERSHIP The Venice Golf and Country Club offers three distinctly individual Equity Membership categories: GOLF, RECREATIONAL, and SOCIAL. Whether your preference is water aerobics, bridge, or arts and crafts, our Social members are presented with a myriad of daily and weekly activities in the clubhouse and the fitness and activity center. Social members also have use of the tennis facilities six times per membership year for a nominal fee. Recreational members have unlimited tennis available with priority bookings along with tennis clinics, lessons, and tournaments. Recreational members are also invited to participate in all social activities. Both Social and Recreational members may avail themselves to six rounds of golf per membership year after paying the greens and cart fees. With Golf membership you have full use of all club facilities and social activities along with unlimited golf on our championship 18-hole course, priority tee times and the right to use your own or the club s carts for a fee. GOLF COURSE Completely renovated and reopened November 1, 2005, this Ted McAnlis designed par 72 course boasts an incredible 10 holes with water! Five sets of tees, ranging in length from 5094 yards to 6747 yards, afford exceptional golf for all levels of playing ability. Rolling fairways and sloped greens combine to form a series of challenging holes. The Venice Golf and Country Club s 18 hole course offer the strategy player the option of hitting over a hazard or playing around it. An ongoing challenge, yes! Overwhelming, no! A PGA Master Professional and an exceptional group of assistant pro s are on hand to give pointers, group clinics, private lessons, or just to lend a bit of moral support.

FACILITIES Steeped in tradition, the clubhouse is decorated in rich maple woodwork, tile and granite. This warmth and richness beckons the members to relax and partake in classic dining in either the casual Sand Trap, the Florida formal restaurant, The Venetian, or the Verandah which overlooks the 18 th green. Whether you choose a formal gourmet dinner, a deli sandwich at the bar, or a heart healthy casual meal in the main dining room, The Venice Golf and Country Club professional kitchen and wait staff take pride in making sure every member receives special treatment every day. From the clubhouse, it is just a short walk to the junior Olympic heated pool, outdoor Jacuzzi, and sun terraces. No matter how cold the Florida nights are, you ll arise to find the pool temperature at a comfortable 85 degrees, just right for invigorating morning laps or water aerobics. The Fitness Center, located adjacent to the pool dining terrace and the lake at the 18 th green, offers state of the art equipment for use by all members without charge. An adjoining multi-use room is the center for yoga and fitness classes offered to all members for a nominal charge. Four Har-Tru courts and lounge are home to the very active Tennis Association. Here Recreational and Golf members are welcome to join the bi-weekly clinics, round robins and inter-club tournaments organized by the club s Tennis Professional. CLUB MANAGEMENT Elected by the membership, The Venice Golf and Country Club Board of Directors assumes responsibility for safeguarding the value of the Equity Memberships as well as overall administration of the golf and clubhouse facilities with the aide and assistance from Standing Committees comprised of members volunteering their business and expertise. The Board of Directors is also charged with making policy decisions and monitoring operations. The day to day operation of the club is overseen by the club General Manager and his professional staff: Assistant Manager, Food & Beverage Director, Golf Superintendent, Golf Professional and Assistant Golf Professionals, Executive Chef, and Controller. These key personnel are long standing employees whose first priority is to serve the membership. THE VENICE GOLF AND COUNTRY CLUB THE COMMUNITY The Venice Golf and Country Club promises a gracious Southern lifestyle played out amid shimmering lakes, rolling fairways, subtropical woodlands, nature preserves and abundant wildlife. This gated community consists of 587 single family homes. Located just 7 miles from the Gulf of Mexico, you can easily access some of the world s finest beaches and sport fishing. Venice Island and quaint downtown Venice offers a variety of international restaurants, antique shops, art galleries, open air festivals, The Venice Symphony and The Venice Theater. A mere 22 miles from Venice is the cultural center of Sarasota, which is renowned for fine restaurants, ballet, opera, symphony, art galleries, and theater. COMMUNITY MANAGEMENT The Venice Golf and Country Club Master Association Board of Directors is elected directly by the residents and is responsible for the future direction of The Homeowners Association and overseeing the areas of common interest, including, but not limited to streets, lakes, security and residential areas. This duly elected governing body protects and nurtures the environment and the community, thus ensuring the continued success and peace of mind now enjoyed by the entire membership of The Venice Golf and Country Club.