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<td colspan="5" align="left" bgcolor="#333300"><span class="style8">PROJECT LIST - Development Courses</span></td>
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<td align="left" valign="middle" nowrap="nowrap" bgcolor="#8B7232" class="style14">Course Name</td>
<td align="left" valign="middle" nowrap="nowrap" bgcolor="#8B7232" class="style14">Location</td>
<td align="left" valign="middle" nowrap="nowrap" bgcolor="#8B7232" class="style14">Architect</td>
<td align="left" valign="middle" nowrap="nowrap" bgcolor="#8B7232" class="style14">Year</td>
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<td align="left" valign="middle" class="style20">Arkansas</td>
<td align="left" valign="middle" class="style19"> </td>
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<td align="left" valign="middle" class="style19"> </td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Berksdale Golf Course</font>
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<div align="center"></div>
<div align="center"></div>
<div align="center"></div>
<div align="center"></div>
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<div align="center"></div>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1968</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">New 9 Holes</td>
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<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Berksdale Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1977</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style20"><font color="white" size="3" class="style19">Diamante Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1994</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Balboa Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1987</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1966</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">MP & R 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1989</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">MP & R 18 Holes</font></td>
</tr>
<tr>
<td height="37" align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Big Creek Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Mountain Home, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2002</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Branchwood Golf Course (Par 3)</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1983</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cherokee Village Golf Course (South)</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cherokee Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1962</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Coronado Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1983</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cortez Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1977</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cortez Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2007</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">MP & R 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">De Soto Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1972</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">De Soto Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2000</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">MP & R 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Granada Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2005</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Highlands Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1989</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Indian Hills Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Fairfield Bay, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1984</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">R 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Isabella Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2002</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Isabella Golf Club II</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs Village, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2005</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Kingswood Golf Course at Belle Vista</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1968</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Kingswood Golf Course at Bella Vista</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1977</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Maumelle Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Little Rock, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1969</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Megellan Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Metfield Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1983</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Mountain Ranch Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Fairfield Bay, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / BTA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1984</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Ponce De Leon Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Hot Springs, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Scottsdale Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1987</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">The Highlands Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Belle Vista, Arkansas</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Delaware</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Baywood Greens Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Sussex County, Delaware</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Garrison's Lake Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Smyma, Delaware</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1965</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Garrison's Lake Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Smyma, Delaware</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2007</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">MP & R 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Wild Quail Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Wyoming, Delaware</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">WRL / BTA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1989</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Georgia</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Barrington Hall Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Macon, Georgia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">The Landing Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Warner Robins, Georgia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1987</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Indiana</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Christmas Lake Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Santa Claus, Indiana</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1968</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Louisiana</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Eden Isles Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Slidel, Louisiana</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1976</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Eden Isles Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Slidel, Louisiana</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1983</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">R 1 Hole</font></td>
</tr>
<tr bgcolor="#000000">
<td align="left" valign="middle" class="style20">Maryland</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Crofton Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Crofton, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1963</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cross Creek Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Silver Spring, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC / JC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2003</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Montgomery Village Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Gaithersburg, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1966</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Oak Creek Club Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Prince Georges County, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC / JC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2006</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">South River Golf Links</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Annapolis, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Wicomico Shores Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Chaptico, Maryland</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1962</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Missouri</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Creekmoor Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Raymore, Missouri</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2006</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Ledgestone Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Branson, Missouri</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1996</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Point Royale Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Branson, Missouri</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1986</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">North Carolina</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style20"><font size="3" color="white">Etowah Valley Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Etowah, North Carolina</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1967</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 27 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">New Jersey</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Concordia Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Monroe Township, New Jersey</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA / TEC / WRL</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1986</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Eagles Ridge Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Lakewood, New Jersey</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA / JC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1997</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Ramblewood Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Moorestown, New Jersey</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1983</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Ohio</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Country Club Villages Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Green Township, Ohio</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1967</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Pennsylvania</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Penn National Golf & Country Club (IF)</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Fayetteville, Pennsylvania</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">WRL / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Penn National Golf & Country Club (F)</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Fayetteville, Pennsylvania</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1967</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">South Carolina</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Monticello GC at Savannah Lakes Village</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">McCormick, South Carolina</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2000</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Myrtlewood Country Club (Palmetto)</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Mrytle Beach, South Carolina</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1972</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Tara Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">McCormick, South Carolina</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Tennessee</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Kahita Golf Course at Tellico Village</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Lenoir City, Tennessee</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2002</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Tanasi Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Loudon, Tennessee</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1996</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Toqua Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Loudon, Tennessee</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1987</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" class="style20">Virginia</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Broad Bay Point Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Virginia Beach, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1986</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cutalong Club Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Louisa, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2006</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cypress Creek Golfers' Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Smithfield, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC / CS</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1998</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Cypress Point Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Virginia Beach, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1987</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
</tr>
<tr>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Kiln Creek Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Newport News, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Kiln Creek Golf & Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Newport News, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1991</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 9 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Mill Quarter Plantation Golf Course</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Powhattan, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">EBA / BTA / TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1979</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Potomac Crossing</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">BTA</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2007</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">River Creek Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Leesburg, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1995</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">The Dominion Club at Wyndham</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Richmond, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC / WRL / CS</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1992</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">The Golf Club at Brickshire</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New Kent, Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC / CS</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" class="style20">West Virginia</td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
<td align="left" valign="middle" class="style19"> </td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Lakeview Country Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Morgantown, West Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">1985</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Stonehaven Golf Club</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">Daniels, West Virginia</font></td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">TEC</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19">2002</td>
<td align="left" valign="middle" bgcolor="#333300" class="style19"><font size="3" color="white">New 18 Holes</font></td>
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<td colspan="5" align="left" valign="middle" bgcolor="#333300" class="style19"> </td>
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