timber crest investment proposal

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866-470-7453 xt 575 INVESTOR PROJECT REVIEW Presented By The GET Group LLC & IR Holdings LLC TIMBERCREST COUNTRYSIDE ESTATES & TIMBERCREST DOWNTOWN SUITES

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Page 1: Timber Crest Investment Proposal

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INVESTOR PROJECT REVIEW

Presented By The GET Group LLC & IR Holdings LLC

TIMBERCREST COUNTRYSIDE ESTATES &

TIMBERCREST DOWNTOWN SUITES

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PROJECT OVERVIEW Timber Crest was brought to the Management Team of The GET Group LLC in early December of 2007. Timber Crest originally broke ground in 2005 but due to setbacks and underfunding was forced to consider an exit strategy. On January 12, 2008, The GET Group made the decision to form IR Holdings, LLC and enter into contract for the purchase of Timber Crest. This Timber Crest Purchase is comprised of (2) separate development projects owned by Timber Crest LLC.

Featuring (35) exclusive, fully furnished fractional ownership residences starting at $99,000. Each home is 3,300 sq. ft., (4) bedroom / 3.5 bath with an office / den; custom kitchen, indoor and outdoor fireplaces, hot tub, BBQ and game room with pool table. Currently, there are (7) of these luxury homes completed with the remaining lots fully permitted, leveled and utilities prepared for remaining construction.

Select from (6) downtown living, fully furnished fractional ownership condos starting at $99,000. Five units are 1,500-1,750 sq. ft., 3 bedroom / 2 bath and (1) unit is 2 bedroom / 2 bath. All downtown condos are equipped with commercial grade stainless appliances, copper claw foot tubs, oversized jetted tub, and custom furniture by local artisans, with state of the art entertainment center office complete with printer / fax. Currently this development project is approximately 95% completed and sits atop a 6,000 sq. ft. commercial facilities capable of being the future home for a restaurant, office / retail store.

Timber Crest Countryside Estates - Country Charm

Timber Crest Downtown Suites - Downtown Living

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MANAGEMENT TEAM IR Holdings LLC, an Idaho Limited Liability Company, is managed by The GET Group LLC, an Idaho Real Estate investment and consulting company.

Mr. Pike is current CEO of The GET Group LLC and Founder & CEO of Pike Corporation, a real estate investment company specializing in wholesale real estate investment portfolios. Previously employed in the financial industry, Mr. Pike worked as a Licensed Financial Investment Representative for Prudential Financial Services, specializing in assisting small to mid size business owners establish and manage company IRA and 401K investments. Additional employment included Director of Sales for AzCom Wireless, and licensed Real Estate agent for Coldwell Banker.

Mr. Menchaca, in addition to COO of The GET Group LLC, is currently CFO of Clearwater Mortgage, Inc. a mortgage company with (3) branches with volume sales in excess of 50 million annually. Prior to Clearwater Mortgage, Mr. Menchaca was VP of The Associates, a finance company owned by Ford. As VP he was responsible for business development. His job duties included setting up expansion branches, creating and increasing retail sales contract volume thru branch managers and district managers. Former employment also included the position of branch manager for Norwest Financial a division of Norwest Banks.

Mr. Hansen, VP of Sales & Marketing of The Get Group, continues to maintain a hands-on role in the real estate and mortgage industry with Clearwater Mortgage Inc. with responsibilities including the marketing and development of additional consumer business on a nationwide level. Before moving into the real estate and mortgage industry, Mr. Hansen was VP of Totlcom Inc., A California based telecom voice and data company. Mr. Hansen was responsible for increasing the sales of Totlcom Inc., over 1000% in a (3) year period.

Thomas Pike CEO xt. 575

Gregory Hansen VP Of Sales & Marketing xt. 575

Ernie Menchaca COO xt. 575

Page 4: Timber Crest Investment Proposal

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ABOUT TIMBERCREST

A historical approach to owning a second home was that family or friends purchasing together could each own a fraction of the home. For example, two brothers and two sisters purchase a home together. Each sibling would own ¼ share and has use and rights 25% of the time. Of course, not all family members would be using their second home all of the time throughout the year. It becomes more cost effective to share the expenses such as mortgage fees, taxes, insurance, utilities and any other maintenance costs. It is impossible with life constraints to vacation all of the time. This formal arrangement of such a relationships is known as a “fractional ownership.”

In fractional ownership each member has certain rights of use and certain amounts of entitlements and services based on

compensation. An upgraded version of hotel services and five star amenities propelled fractionals into a country club meets second

home ownership called private residence clubs (PRC). A PRC is a fractional vacation real estate development owned by members

and operated for their enjoyment. Each member owns a fraction ranging from four to 12 owners in each club residence as well as

an interest in the club common areas.

Most PRC communities feature spacious, thoroughly equipped and fully furnished apartments, cottages, townhouses, condominiums or detached homes accompanied by resort amenities and hotel services. PRC's are commonly located in popular vacation destinations such as mountain, beach, golf or urban resorts. Locations typically include direct access to a lifestyle attraction such as ski resorts, lakes, golf courses or major cities.

What Is A Private Residence Club ?

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SERVICES

The right equation of services balanced with cost was the formula employed in setting our standard services. In the spirit of paying for only what you use, our criteria in determining our “Standard Service Package” was if 95% of all members needed the service for that service to be added. Knowing some services are still important but deemed in the minority those services are “as needed basis” services. AS-NEEDED SERVICES:

• Child care — Call for pricing

• Grocery Service — $25/hr plus 15% gratuity

• Additional cleanings/Interim cleaning — $75 to $100

• Fishing tours — Call for pricing

• Rafting tours — Call for pricing

• Boat/jet ski rental — Call for pricing

• Ski pass/lessons — Call for pricing

• Snowmobile rentals/tours — Call for pricing

• Hiking/Hunting guides — Call for pricing

• Mountain Biking rental — Call for pricing

• Equestrian Riding/Arena — Call for pricing

• Spa services — Call for pricing

• Air charters/transport — Call for pricing

• Limousine services — Call for pricing

• Rental management 20% of rental amount

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WORLD EXCHANGE

Imagine having access to some of the world's finest resort destinations. Timber Crest is pleased to present Resort to Resort,

an exclusive homeowner exchange program. Resort to Resort allows the key to your Timber Crest home to open doors to over 155

exclusive vacation homes in over 35 highly sought after destinations. Your purchase of a vacation home at Timber Crest includes a

two year complimentary Resort to Resort membership.

How does this program work? The concept is really quite simple. As a member of Resort to Resort, you deposit time from

your Resort Home to Resort to Resort to reserve time at another Resort Home. In fact, the hardest part of the Resort to Resort

program is deciding where to go first!

For more information, call Resort to Resort directly at 1.800.955.2692 or visit:

www.resort2resort.com

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TIMBERCREST EXCHANGE Privilege of bonus time in each club is transferable to the other. One vacation you might be at the Countryside Estates and the next vacation at Countryside Downtown. At Timber Crest we like to say “It’s twice as nice.”

- OR -

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COUNTRYSIDE EXTERIOR

Featuring (35) exclusive, fully furnished fractional ownership residences starting at $99,000. Each home is 3,300 sq. ft., (4) bedroom / 3.5 bath with an office / den; custom kitchen, indoor and outdoor fireplaces, hot tub, BBQ and game room with pool table. Currently, there are (7) of these luxury homes completed with the remaining lots fully permitted, leveled and utilities prepared for remaining construction.

Timber Crest Countryside Estates - Country Charm

Exterior Details: Double car garages Private storage units for personal items Fire pit and stainless BBQ grill Private 6-8 person hot tub Gorgeous amounts of stone with arches and columns Rustic rough sawn timber frame look Rusted corrugated metal roofing No maintenance stucco exterior Natural landscaping in a wooded area Grand entrances let you know you've arrived

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COUNTRYSIDE INTERIOR

Come in and take your shoes off. The Estates welcomes you into a large foyer either to greet friends and family or take off extra cold layers such as coats and boots. The spacious great room blends seamlessly into the state of the art kitchen and grand dining room. The first master bedroom with bath is on the main level and is roomy enough for a sitting area. The stairwell opens into the office loft which has views through the 26’ vaulted window wall. The second master has it’s own private bathroom. The flex/game room sleeps up to six and is down the hall from another full bath and third bedroom.

Timber Crest Countryside Estates - Exterior

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DOWNTOWN SUITES EXTERIOR

Select from (6) downtown living, fully furnished fractional ownership condos starting at $99,000. Five units are 1,500-1,750 sq. ft., 3 bedroom / 2 bath and (1) unit is 2 bedroom / 2 bath. All downtown condos are equipped with commercial grade stainless appliances, copper claw foot tubs, oversized jetted tub, laundry facilities, and custom furniture by local artisans, with state of the art entertainment center office complete with printer / fax. Currently this development project is approximately 95% completed and sits atop a 6,000 sq. ft. commercial facilities capable of being the future home for a restaurant, office / retail store.

Downtown Suites Rendering

Timber Crest Downtown Suites - Downtown Living

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DOWNTOWN SUITES INTERIOR

Timber Crest Downtown Suites - Downtown Living

Interior Details: 1,500-1,750 sq ft units: 5 units have 3 bedrooms, 2 bath and 1 unit is 2 bedroom, 2 bath All are quality constructed with: Natural wood beams and posts Reclaimed oak wood flooring Tongue and Groove ceilings 8’ knotty alder doors Venetian plaster throughout Rusted metal wainscot And equipped with: Commercial grade stainless appliances Oil rubbed bronze and copper fixtures Copper claw foot tub Oversized jetted tub Laundry facilities Fully furnished with: Custom furniture by local artisans State of the art entertainment center Office complete with printer/fax.

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COUNTRY CLUB RENDERINGS The construction of the country club has been planned in phases that coincide with Timber Crest phases. The plan provides for the country club to be completed at the appropriate capacity of Timber Crest owners. This coupled with public demand ensures that the membership dues will be reasonable and acceptable to all. Front Of Clubhouse Rendering Back Of Clubhouse Rendering

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HOW IT WORKS It’s a simple concept: you play, we work. At Timber Crest your job is to vacation, our job is to make it a great one. Don’t worry about cleaning, scheduling, maintenance, and management—just show up…the details are ours.

In an effort to create a schedule that would allow for both long term planning as well as spontaneous events, Timber Crest designed a schedule with an equitable, but flexible formula. Timber Crest’s “My Schedule” software designed especially for Timber Crest will allow you, our member a user friendly, no hassle way of coming to spend time at your home. The software can be accessed 24-7 via the internet anywhere, and will even reserve as well as confirm your check-in.

At the beginning of a club year all owners for each separate home will submit a “top ten” list of dates they would like to stay. When an owner purchases at Timber Crest they are assigned a number based on the order in which they purchased. The order, while not ranking the owners, merely puts a chronological list together for each home. In 1/12 homes the list will be 1 through 12 owners and 1/8 homes will be 1 through 8 owners. Every year following, all owners will rotate in the cycle. That rotation order determines only that years rank for selecting “top ten” planned weeks. When an owners name is reached they will be given a selection based on availability and their prioritized top ten list.

For example: Bill bought home #123 (which is a 1/8 home) and was the fifth owner. Year one: Owner 1 chose one week from his/her top ten list and of course being first was able to secure their top choice. Owner 2 chose next his/her one week and was able to secure their top choice. Owner 3 chose next his/her week, but their first choice was not available so they were able to secure the next highest choice on their prioritized top ten list. Owner 4 chose next, and then Bill (owner 5). After which owners 6,7,8 all chose their weeks. That rotation then starts again until all planned weeks are chosen. (1/8 homes have 4 planned weeks and 1/12 homes have 2 planned weeks.)

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PRICING / AVAILABILITY

Currently there is 1 phase consisting of 6 residences in Timber Crest Countryside Estates and there will be only 1 phase

consisting of 6 residences in Timber Crest Downtown Suites. Whereas Timber Crest Countryside Estates has entitlements to six

additional phases, market demand will dictate timing for future Timber Crest Countryside Estates phases.

Pricing for each project is currently $99,900 for 1/12 ownership and $149,900 for 1/8 ownership. Pricing is subject to change without notice.

Dues are a projection only. If the amount is larger the fees will be charged. If the amount is less the fees will be adjusted.

Each phase of Timber Crest is self-supporting as it pertains to dues. Whether or not subsequent phases exist, each phase is financially independent.

Timber Crest has followed state law regarding fractional ownership disclosures and registration. The Idaho Real Estate Commission has reviewed all documents such as Public Offering Statement, Purchase and Sales Agreement, Bylaws, CCR's, Statement of Understanding, and others. As required by law a signed copy for receipt of documents must be present in our office. Afterwards, you may at anytime contact a Timber Crest Representative and request any of our documents for review.

Financing is available including SIVA (Stated Income, Verified Assets) Interest Only, and ARM loans.

Dues

Legal

Financing

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McCALL, IDAHO

* Population Of McCall, Idaho Increased 41% between 2000-2005, and continues to grow. * Year round residents are approximately 40% with the remaining 60% second home residents. * Airport located in McCall with (2) flights Daily.

* 204 sunny days a year, 137 inches of snow (on average) * 2008 Masters World Cup Ski Event- (3) Luxury Ski Resorts (2,000 acres)- Fairmont Tamarack & Brundage Mountain Resort * Hunts include mule deer, two species of bighorn sheep, trophy elk, mountain lion, antelope, bear, moose, white-tailed deer, black bear, cougar, mountain goat, waterfowl and upland game birds. Seasons are as long as (65) days in the back country . * World Class Golf Courses * Mountain Biking- (30) miles of IMBA-designed trails. * Whitewater Rafting- Snake River & Salmon River- Middlefork

* Fishing– Salmon River, Snake River, Payette River, featuring- Rainbow Trout, Wild Brook Trout, Kokanee Trout, Salmon, Steelhead, Perch, & Smallmouth Bass * Hiking– Ponderosa State Park, Payette National Forest, Hells Canyon, & Frank Church River Of No Return Wilderness (National Geographic Travelers 50 top Places to see in America).

General Information

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INVESTOR HIGHLIGHTS Economic Development is a very large indicator in driving growth and change. This dynamic is most prevalent in regards to resort development. Several resort communities in the McCall area are currently expanding or being constructed.

Tamarack Resort– Still under construction, opened in the winter of 2004-2005 on a limited basis. Tamarack hosts a ski resort and snow activities, golf course, outdoor recreation and lake activities. The resort has had (5) real estate sales and sold out each one. To date the resort has sold 478 properties. Long term plans for Tamarack call for a 1.5 billion all season destination resort that will feature a ski area projected to grow to about the size of Aspen, Colorado. Some 2.043 hotel rooms, condos, town homes and lots will be developed on the site (about 4,000 beds) in a 10-15 year timeframe. Brundage Mountain Resort– Opened in the early 1960”s offering a regional ski resort to area residents. Jug Mountain Ranch– A 1,410-acre private residential community. Jug Mountain golf course opened in the summer of 2004 and is comprised of four main components: 325 home sites, an 18-hole public golf course, and a community village with specialty shops and restaurants. Whitetail Club Community– Development community with 221 lots, an 18 hole golf course, lodge and marina an Payette Lake, Fish and Swim Club, pristine beaches, (2) swimming pools, (3) tennis courts, sand volleyball courts, tour boats, ski boats, wave runners, and many more amenities. Whitetail also runs a 77-room hotel on the shore of Payette Lake. River Ranch– A private gatehouse community with 64 home sites on 458 acres. The community offers a clubhouse, swimming pool, trails, and access to the Payette River.

Resort & Residential Developments

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MAP

Below are some of the newer communities, ski & golf resorts.

Resort & Residential Developments

McCALL

NEVADA UTAH

MONTANA

Brundage Mtn. Ski Resort

Tamarack Ski Resort (3 Miles south)

Jug Mtn. Community & Golf Course

Whitetail Community & Golf Course

River Ranch Community

TIMBERCREST COUNTRYSIDE ESTATES

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DISCLOSURE STATEMENT

Maximum Offering: $20,000,000 A Private Placement Offering of 400,000 Shares

of the Series “A” Preferred Stock in IR Holdings LLC.

Par value $0.001 per Share Offering Price: $ 50.00 per Share

Minimum Subscription: 1,000 Shares ($50,000) IR Holdings, LLC. (the “Company”) is an Idaho Corporation whose sole purpose is to invest in Timber Crest Countryside Estates and Timber Crest Downtown Suites located in McCall, Idaho. THE SECURITIES OFFERED PURSUANT TO THIS CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM AND ATTACHED EXHIBITS (COLLECTIVELY, THE "MEMORANDUM") HAVE NOT BEEN FILED OR REGISTERED WITH, OR APPROVED OR DISAPPROVED BY, THE SECURITIES AND EXCHANGE COMMISSION, NOR HAS THE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THE OFFERING MATERIALS. NO STATE SECURITIES LAW ADMINISTRATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR THE ADEQUACY OF THE OFFERING MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. THE SHARES ARE BEING OFFERED PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND APPLICABLE STATE SECURITIES LAWS FOR NONPUBLIC OFFERINGS. SUCH EXEMPTIONS LIMIT THE NUMBER AND TYPES OF INVESTORS TO WHICH THE OFFERING WILL BE MADE AND RESTRICT SUBSEQUENT TRANSFERS OF THE SHARES. SALES IN THE OFFERING WILL BE MADE SOLELY TO ACCREDITED INVESTORS PURSUANT TO SEC REGULATION D, RULE 506.

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ACCREDITED INVESTOR STATUS In order to qualify to invest in IR Holdings LLC, you represent and warrant that ONE or MORE of these qualifications applies to you. You are: 1. A bank, savings and loan association, building and loan association, cooperative bank, homestead association or similar

institution which is supervised and examined by state or federal authority having supervision over any such institutions, acting in its individual or fiduciary capacity;

2. A registered broker or dealer. 3. An employee benefit plan within the meaning of Title 1 of the Employee Retirement Income Security Act of 1974, if the investment decision

is made by a plan fiduciary which is a bank, savings and loan association, insurance company or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000, or if the plan is a self-directed plan, with investment decisions made solely by persons that are accredited investors;

4. A Small Business Investment Company licensed by the U. S. Small Business Administration under Section 301 (c) or (d) of the Small Business Investment Act of 1958;

5. A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended; 6. A organization described in Section 501 (c)(3) of the Intlernal Revenue Code, corporation, Massachusetts or similar business trust, or

partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000; 7. A executive officer or director of the company. 8. Any natural person whose individual net worth, or joint net worth with that person's spouse, at the time of his purchase, exceeds

$1,000,000; 9. A natural person who had an individual income in excess of $200,000 in each of the most recent two years or joint income with that person's

spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

10. A trust with total assets in excess of $5,000,000 not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person; and

11. Any entity in which all the equity owners qualify pursuant to the foregoing criteria.

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SHARE REPURCHASE PROGRAM IR Holdings LLC. Is offering Shares to partners who are Accredited Investors for the purpose of raising capital to complete the construction and sales of the Fractional Sales and Real Estate of Timber Crest Countryside Estates and Timer Crest Downtown Suites. These Shares will be repurchased back by The GET Group LLC, (the managing partners of IR Holdings LLC) for the Share’s original purchase price, plus the returns as indicated below, not to exceed (24) months term.

Investor Purchases: 1,000 Shares x $ 50.00 per Share = $ 50,000.00 Months Interest Purchase Price Return To Investor

GET Group LLC repurchases Shares in: 1-12 25% $ 50,000.00 $ 62,500.00 13-18 40% $ 50,000.00 $ 70,000.00 19-24 50% $ 50,000.00 $ 75,000.00

Title will be acquired in the name of IR Holdings LLC, an Idaho Limited Liability Company, transferred thru a licensed and insured title and escrow company.

INVESTOR REPURCHASE PROGRAM

TITLE

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TITLE REVIEW Deeds Of Trust Item (Title Prelim – 243109-MC) Beneficiary Amount (11) Hopkins Growth Fund, LLC $ 2,575,000 (21) Normatt Properties, LP $ 3,000,000

(27) Construction Capital Source $ 665,000 (28) Construction Capital Source $ 665,000 (29) MERS $ 720,000 (30) Greenpoint Mortgage Funding, Inc $ 90,000 (31) Hopkins Growth Fund, LLC $ 330,000

Mechanic Liens

(12) Viking Automatic Sprinkler Company $ 3,462.00 (13) 45th Parallel Electric, LLC $ 28,019.09 Taxes

(7) 2008 Taxes – Due November 24, 2008 $ 10,410.40 (Effective 2-22-08)

Total Financial Encumbrances $ 8,086,891.40

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PROJECT ASSETS IR Holdings LLC, managed by The Get Group LLC, will hold title until all Investor’s Shares are repurchased as per The Repurchase Program. Current value of existing BUILT properties are indicated below. (Effective 2-04-08)

Address Fractionals Sold Fractionals Available Secured Value (Available Units - Sold Units) 437 Timber Crest Loop 10 of 12 2 of 12 $ 200,000.00 418 Timber Crest Loop 3 of 12 9 of 12 $ 900,000.00 412 Timber Crest Loop 3 of 8 5 of 8 $ 750,000.00 486 Timber Crest Loop 2 of 8 6 of 8 $ 900,000.00 492 Timber Crest Loop 0 of 8 8 of 8 $ 1,200,000.00 401 Timber Crest Loop 0 of 8 8 of 8 $ 500,000.00

1001 N. 2nd. #303 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #302 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #301 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #203 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #202 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #201 0 of 12 12 of 12 $ 1,000,000.00 1001 N. 2nd. #106 commercial office $ 175,000.00 1001 N. 2nd. #105 commercial office $ 175,000.00 1001 N. 2nd. #104 commercial office $ 175,000.00 1001 N. 2nd. #103 commercial office $ 175,000.00 1001 N. 2nd. #102 commercial office $ 175,000.00 1001 N. 2nd. #101 commercial office $ 175,000.00

TOTAL SECURED $ 11,800,000.00

Timber Crest Countryside Estates

Timber Crest Downtown Suites - Downtown Living

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ADDITIONAL INFORMATION If you have additional questions, or are ready to review our investor subscription packet, please feel free to contact us:

Thomas Pike, CEO

IR Holdings LLC The GET Group LLC

866-470-7453 xt. 575 [email protected]

Please Note: Operational & Financial Information available upon receipt of signed confidential and subscription agreement.