PLANTATION ACRES PHASE 2
RESERVATION AGREEMENT

By entering in to this agreement, Buyer is under no obligation to purchase the reserved property until he/she/they/ has/have had the opportunity to inspect the reserved property and approve the purchase of said property. Buyer is entitled to a full refund until such time, up to 15 days from date of this agreement.

_______________________________ (collectively “Buyer”) Plantation Acres (“Seller”) agree as follows:

PLEASE INITIAL EVERY PLACE WHERE INDICATED:

1.            Buyer agrees to reserve for purchase, and Seller agrees to reserve for sale to Buyer, the following real property (“the Property”): a corporation duly incorporated and existing under the Laws of the Republic of Costa Rica, corporate identification card number  , domiciled in Costa Rica, registered in the Costa Rican Mercantile Registry under book  ___-, page  ________, entry  ___, represented hereby Glenn Robert Schecher, of legal age,  (developer), resident of United States of America, bearer of the US passports numbers ----------------------------------------, respectively who acts with sufficient power of attorney; and  -------------------------------------------------------------- Purchaser,   resident of  -------------------------------, bearer of the passport number  ___________, LOT(S) _________________SUBDIVISION, The Village at Plantation Acres; constituting  __________square meters situated in Costa Rica, the project currently identified as Plantation Acres Teak agrees to sell above mentioned lot as follows:

Buyer agrees to make the following payments:

Date _______________

	Due Date	Amount
Purchase Price		_______________
Initial Deposit	_______________	_______________
First Payment	_______________	_______________
Balance at closing	_______________	_______________
Total Purchase Price	_______________	_______________

2. In order for Buyer to reserve the above-referenced lot, Buyer shall sign and return this agreement to Seller along with initial deposit (“the Deposit”). Any deposit made hereunder shall be made payable to (the Escrow Deposit Holder”) upon receipt of this signed Agreement and the Deposit, Seller will return an executed copy of this agreement to Buyer, and the Escrow Deposit Holder will retain said funds until such time as the Buyer has approved the purchase of same or upon expiration of the fifteen 15 days inspection period (i.e. 15 days from the date of this agreement), whichever date is sooner. Upon timely payment of the balance due, Seller will record the deed in the National Register of Costa Rica and provide a copy of the certificate from National Register confirming legal ownership of the lot(s). Cost of recordation, including documentary stamps are obligation of the Seller.

3. Electricity for the development will be in place prior to closing.

4. Buyer may terminate this Agreement at any time prior to the conclusion of the 15 day inspection period by delivering to Seller a written request for refund. Upon receipt of the written request, Seller shall return hundred (100%) percent of the Deposit funds back to Buyer.

5. Seller represents that the Property is contained within a subdivision which is physically accessible by a public or private road and usable by Buyer for constructing or installing a single-family residential building.

6. Buyer acknowledges that the property is subject to zoning regulations, easements and/or reservations in favor of public utilities. In addition, Buyer acknowledges that single-family residences may be constructed upon no more than fifteen (15%) percent of any home site. (Minimum size residence per home site is 1200 sq. feet under roof).

7. This Agreement, which is ultimately consummated in Costa Rica, contains the entire agreement between the parties. This Agreement may be amended only in writing signed by both parties. At the duration of the due-diligence period this reservation shall act as the sales agreement until title has posted.

8. Buyer acknowledges that no representations, guarantees, promises of any kind, whether oral, implied, or otherwise, including, but not limited to, assurances regarding future land values or returns that a Buyer will receive from the sale of land, have been made to Buyer, or to any of Buyer representatives, or have influenced or induced Buyer to enter in to this Agreement.

9. Buyer has read and accepts the terms and covenants of the H.O.A. agreement which is attached and made part of this agreement by their respective signatures.

10. Buyer represents that he/she/they had ample opportunity to read the terms of this Agreement.

11. Buyer acknowledges that he/she/they has/have neither received, nor relied, on any legal advice from the Escrow Deposit Holder, Seller or any representatives agents of Seller.

Buyer		Seller
I/WE HAVE READ AND HAVE UNDERSTOOD THIS PLANTATION ACRES ESTATES AGREEMENT TO MY/OUR SATISFACTION		PLANTATION ACRES ESTATES
Signature of Buyer	Date
Print Name		Authorized Signature
Signature of Buyer	Date	Print Name
Print Name
Address		Date
Home Phone Number
Social Security Number