|   | Initial property owners at The Point
residential community are offered the  opportunity to become equity members.
Equity members hold an equity position in the Club and may transfer their
membership back to the Club and receive a graduated percentage of the current
membership contribution or what they originally paid, whichever is greater. Individuals who do not own property at
The Point may join as invitational members. Invitational members have a
100 percent refundability privilege and are recallable. The following types of membership are
offered at The Point: Golf Memberships (Equity or
Invitational) 
May use golf, tennis, swimming,
  exercise and other recreational and social facilitiesSix-day sign-up privilege to reserve
  golf starting timesThree-day privilege to reserve tennis
  court timesNo greens or court fees for the use of
  golf and tennis facilitiesMust pay cart fees Sports Memberships (Equity or
Invitational) 
May use golf, tennis, swimming,
  exercise and other recreational and social facilitiesThree-day sign-up privilege to block
  and reallocate tee times as to assure reasonable access to the golf course by
  sports membersMust pay greens feesThree-day sign-up privilege for tennis
  court timesNo court fees Swim/Tennis Memberships (Equity or
Invitational) 
May use tennis, swimming, exercise and
  other recreational and social facilitiesThree-day sign-up privilege to reserve
  tennis court timesNo court fees Community (Invitational) or Social
(Invitational) Memberships 
May use the dining and social
  facilitiesMay attend Club-sponsored social
  events held at the ClubDo not have access to the golf,
  tennis, swimming or exercise facilities Corporate Golf Memberships
(Invitational) 
Available to ongoing operating
  businesses, referred to here as the "entity"Memberships are issued in the name of
  the entityThe entity designates one individual
  who has the right to use the Club facilitiesThe designee’s immediate family
  members may also use the facilitiesThe designee must be an officer,
  director, owner, partner or employee of the entity; must submit an
  application; and must be approved prior to use of the Club facilities.The designee has the same use
  privileges and must pay the same dues, fees and other charges as an
  invitational golf member. |