SPECIAL WARRANTY DEED MOF VI THIS LIMITED INDENTURE, made this -S day of rItt , 2007 by and between whose mailing PARTNERSHIP, a United States Virgin-island limited partnership, ("Grantor") address is 4801 Spring Valley Road, Suite 80, Dallas, Texas 75244 limited and IGY-AYH ST. THOMAS HOLDINGS, LLC, a U.S. Virgin Islands Fifth Avenue, liability company whose mailing address is do Island Capital Group LLC, 717 18th Floor, New York, New York 10022 (the "Grantee"). WITNESSETH: THE GRANTOR, HUNDRED in consideration of the sum of SIX MILLION ONE 00/100 DOLLARS EIGHTY SIX THOUSAND NINE HUNDRED THIRTY NINE AND Grantee, ($6,186,939.00) and other valuable consideration given by the convey receipt of which is hereby acknowledged by the Grantor, does hereby grant and follows: to the Grantee, and to its successors and assigns, the real property described as Parcel No. 18A-1 Remainder Estate Smith Bay Nos. 1, 2 and 3 East End Quarter St. Thomas, U.S. Virgin Islands as shown on O.L.G. Drawing No. D9-5196-T91 dated February 19, 1991, consisting of 0.22 acre, more or less, Parcel No. 188-1 Remainder Estate Smith Bay Nos. 1, 2 and 3 East End Quarter St. Thomas, U.S. Virgin Islands as shown on O.L.G. Drawing No. D9-5196-T91 dated February 19, I 991, consisting of 0.48 acre, more or less, Parcel No. I8B Remainder Estate Smith Bay Nos. 1, 2 and 3 East End Quarter St. Thomas, U.S. Virgin Islands as shown on O.L.G. Drawing No. D9-5196-T91 dated February 19, 1991, consisting of 1.42 acres, more or less, the foregoing parcels of land all being subdivided portions of Parcel Nos. 18A-1,18B-1 and I 8B Estate Smith Bay, Nos. 1, 2 and 3 East End Quarter, St. Thomas, U.S. Virgin T85. Islands as shown on P.W.D. Drawing Nos. D9-2946-T85, D9-1058-T72 and D9-3011- appurtenances TOGETHER WITH all the tenements, hereditaments, easements and property thereunto belonging or in anywise appertaining (together with the real described above, the "Property"). EFTA01098936 THIS CONVEYANCE and subsequent is subject to: (a) taxes and assessments for the year 2007 other years; (b) all laws, ordinances, regulations, restrictions, prohibitions and requirements applicable building, imposed by governmental authority, including, but not limited to, all (c) easements, zoning, land use and environmental ordinances and regulations; and any, but restrictions and other matters, limitations and reservations of record, if this reference shall not operate to reimpose same. in fee TO HAVE AND TO HOLD unto Grantee and Grantee's successors and assigns simple forever. defend GRANTOR does hereby specially warrant the title to the Property, and will the Grantor, the same but against the lawful claims of all persons claiming by, through or under against none other. day and IN year WITNESS WHEREOF, Grantor has hereunto set its hand and seal as of the first above written. Signed in the presence of: GRANTOR: Witness: Print N Witness: Print Name: STATE OF TEXAS SS: COUNTY OF DALLAS MOF VI LIMITED PARTNERSHIP, a United States Virgin Islands limited partnership By: AMERICAN YACHT HARBOR CORPOTON General Partner By / Ronald W. Rhoades, President The foregoing +to Ronald W. Rhodes as President instrument was acknowledged before me this 5 day of r , 2007, by General Partner of MOF VI Limited of American Yacht Harbor Corporation, a Delaware co lion, as corporation and said Partnership, a U.S. Virgin Islands limited partnership on behalf of said limited partnership ildath9AiSa-lfla 2 EFTA01098937 NOTED IN THE CADASTRAL RECORDS -- FOR GOUNTI "f 1 :ROPERTY, BOON FON ESTATE SMITH BAY Nos. 1,263 EAST END QUARTER, ST. THOMAS, U. S. VIRGIN ISLANDS Survey I Tax Assessor Offices OEM 10 2'0 arr e of the Lieutenant Gover r AITESTI it Is hereby certified that the a.bwe mentioned property/s with, according to. SPECIAL WARRANTY DEED dated January 5,2007 belongs to: TGY-AYH ST,THOMAS HOLDING, LLC (GRANTEES) has not, acecrdIng to the ,:ecoeris of this office, undergone any changes 3S td boundaries and area. Cadastral Survey / Tax Assessor Offices h ,-„ V; I. Da salgatu10,2007 a gfart 1 --- eST2trIll fot Su eya As .e of the Lieutenant Gov nor EFTA01098938 GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES CHARLOTTE AMALIE, ST. THOMAS, V.I. 00801 DEPARTMENT OF FINANCE TREASURY DIVISION TO: THE RECORDER OF DEEDS FROM: THE TREASURY DIVISION IN ACCORDANCE WITH Title 28, SECTION 121 AS AMEMDED, THIS IS CERTIFICATION THAT THERE ARE NO REAL PROPERTY TAXES OUTSTANDING FOR MOF VI LIMITED PARTNERSHIP #18A Estate Smith Bay East End Qtr. 1-07702-0135-00 PARCEL NO TAXES RESEARCHED UP TO AND INCLUDING 2004. hiatiik A. RESEARCHED BY: Marie) D. Hedrington TITLE: Chief Enforcement DATE: January 11, 2007 VERIFIED BY: 14 "Vricomoi TITLE: Chief Revenue Collection DATE: January 11.2007 COLLECTOR NO. 8501 EFTA01098939 GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES CHARLOTTE AMALIE, ST. THOMAS, V.I. 00801 0 DEPARTMENT OF FINANCE TREASURY DIVISION TO: THE RECORDER OF DEEDS FROM: THE TREASURY DIVISION IN ACCORDANCE WITH Title 28, SECTION 121 AS AMEMDED, THIS IS CERTIFICATION THAT THERE ARE NO REAL PROPERTY TAXES OUTSTANDING FOR MOF VI LIMITED PARTNERSHIP #18B-1 Estate Smith Bay East End Qtr. 1-07702-0134-00 PARCEL NO TAXES RESEARCHED UP TO AND INCLUDING 2004. RESEARCHED BY: TITLE: DATE: VERIFIED BY: TITLE: DATE: COLLECTOR NO. Marin hie laringto4 Chief Enforcement January 11, 2007 8501 EFTA01098940 GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES CHARLOTTE AMALIE, ST. THOMAS, V.I. 00801 DEPARTMENT OF FINANCE TREASURY DIVISION TO: THE RECORDER OF DEEDS FROM: THE TREASURY DIVISION IN ACCORDANCE WITH Tide 28, SECTION 121 AS AMEMDED, THIS IS CERTIFICATION THAT THERE ARE NO REAL PROPERTY TAXES OUTSTANDING FOR MOF VI LIMITED PARTNERSHIP #18B Estate Smith Bay East End Qtr. 1-07702-0133-00 PARCEL NO TAXES RESEARCHED UP TO AND INCLUDING 2004. RESEARCHED BY: TITLE: DATE: Janu ry 11, 200 VERIFIED BY: TITLE: t Chief Revenue Collection DATE: January 11.2007 COLLECTOR NO. 8501 N arie D. ahtele.Hedrb..4114 on vjai„ M ingt Chief Enforcement EFTA01098941