O/Generator Mechanical Building 2. Water Appropriation Permit 5/2007 through 5/2009 3. Waste Water Treatment 4. Cement and Stone — Batch Plant 5. Compass Point 6. Maguire Utility Plan 7. General Permitting 8. NOVA February 2008 and Settlement Agreement( Dock)CZm Permit Application 9. McGuire Proposal RE

in Redweld as of Dec. 30, 2010) 2. Water Appropriation Permit 5/2007 through 5/2009 3. Waste Water Treatment 4. Cement and Stone — Batch Plant 5. Compass Point 6. Maguire Utility Plan 7. Under Water Lights 8. LSJ Permitting Research 9. NOVA February 2008 and Settlement Agreement (Dock)CZM Permit Applicat

in Redweld as of Dec. 30, 2010) 2. Water Appropriation Permit 5/2007 through 5/2009 3. Waste Water Treatment 4. Cement and Stone — Batch Plant 5. Compass Point 6. Maguire Utility Plan 7. Under Water Lights 8. LSJ Permitting Research 9. NOVA February 2008 and Settlement Agreement (Dock)CZM Permit Applicat

nal (FI) 30M shares priced at $22 (above range), Mix Telematics (MIXT) 6.3M ADS priced at $16/sh (high-end) US Key Research: ••• GS downgrades FL, Compass Point cuts DV, Jefferies initiates XXIA (buy), CS downgrades SPH • DB upgrades IHS (buy), Wells upgrades STJ, JPM upgrades CSCO, Raja downgrades LEAP RBC

. Crown Bay Marina is slightly inferior to Yacht Haven Grande, but is still superior to the subject in quality and amenities. Sapphire Beach Resort, Compass Point and Oasis Cove are all considered to be inferior marinas to the subject based on location, quality and amenities offered. These marinas mostly cate

ainment (SEAS) prices 26M shares at $27M, Blackhawk Network (HAWK) prices 10M shares at $23.00 EFTA00391982 US Key Research: • BMO upgrades NOK, Compass Point downgrades PAY, Wells initiates CHDN/COF (op's) • GS upgrades VRTX, Jefferies upgrades EE (buy) & initiates WCG (hold) and GASS (buy) • RBC initiat

DD ••• Davenport downgrades GTI, FBR downgrades HIG, SocGen upgrades IBM, MS downgrades INCY ••• KBW downgrades NBBC/AMTD, Citi upgrades STR (buy), Compass Point upgrades LVS • Canaccord upgrades VZ (buy), MS & Bernstein cuts SNV, Bernstein upgrades COST EFTA00397164 Europe Key Research: • Exane Iberian U

• "'" - - - 4-... 4, 5 .1••••,_ 7 EFTA00253684 '1".<? • - -ce • ' EFTA00253685 • • • • Cas Cay/ Mangrove Lagoon, St. James and Compass Point Marine Reserves and Wildlife Sanctuaries For A. B, C and El - b take of conch. lobster and • REGULATIOAS A. lance NlaiagroIe Lagoon r•infor ak

• "'" - - - 4-... 4, 5 .1••••,_ 7 EFTA00253966 '1".<? • - -ce • ' EFTA00253967 • • • • Cas Cay/ Mangrove Lagoon, St. James and Compass Point Marine Reserves and Wildlife Sanctuaries For A. B, C and El - b take of conch. lobster and • REGULATIOAS A. lance NlaiagroIe Lagoon r•infor ak

PROACH ANALYSIS OF COMPETITIVE MARINA PROPERTIES Competitive Marina One Compass Point Marina - This 96-slip marina is located in the lagoon behind Compass Point, which is also known as Hurricane Hole. This marina is well protected and security includes a gated entry. Amenities include water, electricity, pu

ent (PSF) 11 Free Rent (PSF) (Months) Escalations Term (Yrs) Slip N A MET Month N A Comments This marina is located in the lagoon behind Compass Point. It is also called Hurricane Hole and it is well protected. Amenities Include water, electricity, pumpout, shops nearby, restaurants nearby, showers