THE SOUTHAMPTON MARITIME. at The Lobster Inn

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1 DEVELOPMENT OPPORTUNITY - 1 INLET ROAD WEST, NY

2 OVERVIEW The site of the Lobster Inn is the entryway to the Hamptons. The development site is comprised of approximately 10 acres of residentially zoned land, includes a water front feature of 1.8 acres, a 48-slip Marina, and an operating restaurant. A zoning variance granted in 2008 included, among other improvements, a multi-unit condominium development of the property and marina. Ownership has filed an updated site plan for developing 25 luxury townhouse condominium units on several acres of landscaped grounds. The residents will have a clubhouse overlooking the marina, tennis court, water-front pool, and a SPA. The Southampton Maritime also has a self contained waste water treatment plant Founded by George Skip Tollefsen over 40 years ago, it welcomed all, locals and visitors, arriving be it by sea or by land, and served them a fresh taste of the sea. LOCATION The site is located approximately 3 miles west of the boundary of the Village of Southampton. The area is easily accessible to the Village of the Southampton, its upscale shopping, and its ocean beaches. The Lobster Inn is a place of gathering. It stands at the end of that road-of-mind which is the Hamptons; and it beckons. Welcome, you have arrived 1 INLET ROAD WEST, NY Ownership is inviting proposals to develop this historic site.

3 Water View Site Line Site Line

4 PROPOSAL N O 1 POOL AND DECK 25 LUXURY TOWNHOUSES+ 2 PREMIUM WATER VIEW HOME SITES Lot A PROPERTY SUMMARY Land Area approximately 10 acres Site Plan Townhouse Condominiums Flat over flat Units Operational Restaurant MARINA Water-Front Clubhouse Waterside Pool and SPA 48 Boat Slips Tennis Court UNIT FEATURES Semi-Detached Townhouse 2 Story 3 Bedroom / 3 Bath Garage / Studio Space Patio/Deck 1-2 Boat Slips Unit Size (average) 2,600 SqF 25* Units & 2 individual home sites Lot B TENNIS COURT MARINA CLUBHOUSE TOWNHOUSE UNITS PRICE: $9,995,000 JOE PERAINO M JoeP@elliman.com WASTE WATER TREATMENT PLANT

5 UNIT NO UNIT TYPE AMENITIES ENCLOSED SPACE TOT GROSS SQF 1* Townhouse Garage / Studio Spc. 1 Car 2,238 2* Townhouse Garage / Studio Spc. 2 Car 2,238 3 Townhouse Garage / Studio Spc. 1 Car 2,475 4 Townhouse Garage / Studio Spc. 1 Car 2,475 5 Townhouse Garage / Studio Spc. 1 Car 2,475 SITE SPECIFICATIONS TOWNHOUSE UNITS 64,177 SQF INDIVIDUAL UNITS 7,600 SQF SINGLE FAMILY WATERVIEW LOTS MARINA CLUBHOUSE 3,500 SQF SERVICE BULIDINGS 1,750 SQF INC. ENCLOSURE FOR WASTEWATER TREATMENT PLANT MARINA POOL 1,850 SQF MARINA SPA 100 SQF MARINA (SLIPS) 48 2 SLIPS ASSIGNED TO TOWN TRUSTEES ROADS / UTILITLIES 1,500 LN. FT. WASTEWATER TREATMENT PLANT SITE SANITARY FLOW MARKED ON PLANS AS STP (SEWAGE TREATMENT PLANT) LANDSCAPING 130,000 SQF APPROX. - 3 ACRES TENNIS COURT 6,780 SQF - APPROX. 58 X Flat over flat Garage / Studio Spc. 1 Car 2,278 7 Flat over flat Garage / Studio Spc. 1 Car 2,408 8 Townhouse Garage / Studio Spc. 2 Car 2,340 9* Flat over flat Garage / Studio Spc. 1 Car 1,450 10* Flat over flat Garage / Studio Spc. 1 Car 1, Flat over flat Garage / Studio Spc. 1 Car 1, Flat over flat Garage / Studio Spc. 1 Car 1, Townhouse Garage / Studio Spc. 2 Car 2,780 14* Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 3, Townhouse Garage / Studio Spc. 2 Car 3, Townhouse Garage / Studio Spc. 2 Car 3, Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 3, Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 2, Townhouse Garage / Studio Spc. 2 Car 5, Townhouse Garage / Studio Spc. 2 Car 2,475 A Single Family Pool/Accessory Structure 2 Car 3,800 B Single Family Pool/Accessory Structure 2 Car 3,800

6 PROPOSAL N O 2 13 LUXURY LOTS NOTE: PROPERTY SUMMARY Land Area 8.25 acres Water-Front Feature This plan has been prepared for preliminary review purposes only and has not been considered by any regulatory agency that has approval authority over subdivisions. Individual lots Half acre park area Inter-Science Research Associates Inc. makes no representation as to the approvability of this plan. Therefore this map should be used with caution. Operational Restaurant N 15'* T o w n o f Scale: 1" = D o r o t h y B a n g e r t 30'* Lot A 24,419 Sq. Ft. C O L D S P R I N G B A Y E. R o j a s Southampton T e r r a n c e & V e r o n i c a M c B r e e n H a m p t o n H o u s e R e a l t y C o r p o r a t i o n d i r t l i n e C. I. C o v e r s Lot 8 20,605 Sq. Ft. B. W a l s h & K. L a u t e r b a c h Lot 9 20,000 Sq. Ft. s t o r a g e b u i l d i n g C. S a g l i m b e n i & J. S e n k o Lot 10 20,003 Sq. Ft. Lot 11 20,002 Sq. Ft. 30'* 15'* * Lot B 34,119 Sq. Ft. s t o r a g e b u i l d i n g * S e t b a c k W e t l a n d s ' W e t l a n d s ' Park Requirement: 23,958 Sq. Ft. S e t b a c k 7 5 ' W e t l a n d s S e t b a c k L. & G. T o l l e f s o n, J r. g r a v e l p a r k i n g a r e a ( T o w n R o a d ) Wetlands Line August 18, 2011 p a r k i n g a r e a c a n v a s e n c l o s u r e b r i c k p a t i o i n s a n d 2 s t y b l d g 1 s t y b l d g f o r m e r l y I n l e t R o a d D U G L A G O O N T o w n o f S o u t h a m p t o n I n l e t R o a d ( T r u s t e e R o a d ) w o o d f e n c e Lot 7 22,486 Sq. Ft. Lot 6 20,203 Sq. Ft. Right -of-way Lot 5 20,043 Sq. Ft. Lot 4 20,148 Sq. Ft. 2 s t y w o r k s h o p r a m p Lot 3 20,075 Sq. Ft. r a m p s t o r a g e b u i l d i n g w o o d f e n c e Lot 2 20,014 Sq. Ft. d u m p s t e r a r e a Lot 1 20,174 Sq. Ft. S p r i n g d a l e R o a d ( a k a I n l e t R o a d W e s t ) b u l k h e a d m a n h o l e d r a i n a g e p i p e 4 ' d i a f l o a t i n g d o c k b u l k h e a d N O R T H H I G H W A Y ( C O U N T Y R O A D 3 9 ) LOT AREAS: (Area allotted for park: 23,958 Sq. Ft.) Lot Lot Area Principal Env Accessory Env 1 20,174 Sq. Ft. 5,104 Sq. Ft. 3,855 Sq. Ft. 2 20,014 Sq. Ft. 5,764 Sq. Ft. 4,742 Sq. Ft. LOT AREAS: (continued) Lot Lot Area Principal Env Accessory Env 7 22,486 Sq. Ft. 4,644 Sq. Ft. 8,434 Sq. Ft. 8 20,605 Sq. Ft. 3,871 Sq. Ft. 9,085 Sq. Ft.

7 JOE PERAINO LIC. ASSOC. RE BROKER OFFICE: MOBILE: BROADWAY, NY, NY DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOR REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT OFFERINGS OF OR REAL ESTATE BROKERS. WE COOPERATE WITH M FULLY. EQUAL HOUSING OPPORTUNITY.

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