Payne Stewart Golf Club - Membership Plans

Membership in The Payne Stewart Golf Club is an opportunity to belong to a golf, tennis, swimming and social club. The Club currently offers various categories of Memberships, with the details, charges, costs and expenses of each category set forth in the current Plan for the Offering of Memberships in The Payne Stewart Golf Club, with all of its attached Exhibits (the "Membership Plan"). This Initial Outline of Memberships is for preliminary review purposes only and is subject in all respects to the specific details set forth in the Membership Plan.

Additionally, the Club in the future reserves the right to offer additional or fewer categories of Memberships, as well as to modify all terms, conditions, charges, costs and expenses relating thereto.

Nothing in this Initial Outline may be relied upon as modifying the Membership Plan and every potential Member should carefully read the Membership Plan and should consider seeking professional advice in evaluating this opportunity.

I. Founder Members:

Eligibility: Invitation Only

Number:
10

Initiation Fee:
$50,000

Monthly Dues: $300

Privileges:

* Invitations to restricted and preferential events, functions and occasions for Founders only
* Use of one designated locker for Founder without cost
* Use of storage services for one golf bag without cost
* One Payne's Pal per day; requires use each day and will not be carried forward
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the Founding Member and up to three guests, thirty calendar days in advance

* One tennis court reservation for the Founder and up to three guests, thirty calendar days in advance

For more information contact:
Payne Stewart Golf Club
1-877-33-PAYNE

 


II. Charter Members:

Eligibility: Available to persons who are residents and non-residents of Branson Hills

Number Available:
350

Initiation Fee:

First 25 at $15,000
First 25 at $25,000
25 at $27,500
25 at $30,000
25 at $32,500
50 at $35,000
50 at $37,500
50 at $40,000
50 at $42,500
50 at $45,000

Monthly Dues: $300, payable monthly

Privileges:
* One Payne's Pal each calendar month; requires use each month and will not be carried forward
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the Charter Member and up to three guests, fourteen calendar days in advance
* One tennis court reservation for one hour of play for the Charter Member and up to three guests, fourteen calendar days in advance


III. Corporate Members:

Eligibility:
Available to corporations, limited liability companies, partnerships, trusts or other proper legal entities. Two or three owners, officers, or employees of the Corporate Member may be designated as members.


Number: 25

Initiation Fee:
$35,000 for two Corporate Member Designees
$40,000 for three Corporate Member Designees

Monthly Dues: $600 for two Corporate Member Designees, $900 for three Corporate Member Designees, payble monthly

Privileges:
* One Payne's Pal each calendar month; requires use each month and will not be carried forward
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the Member and up to three guests, fourteen calendar days in advance
* One tennis court reservation for one hour of play for the Member and up to three guests, fourteen calendar days in advance


IV. DISTRICT MEMBERSHIP

Eligibility: Available to individuals whose principal residence is located a radial distance of greater than 50 miles from the Main Clubhouse.

Number Available: N/A

Initiation Fee: Initially $12,500

Dues:
$150, payable monthly

Priviledges:
* One Payne's Pal in a calendar month, not to exceed six per calendar year
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the District Member and up to three guests, fourteen calendar days in advance
* One tennis court reservation for one hour of play for the District Member and up to three guests, fourteen calendar days in advance


V. EBU MEMBERSHIP

Eligibility: Available to persons who own a unit in the Eagle Bunker Condominium; limited to two owners of each unit who are listed on the Deed.

Number Available: 64

Initiation Fee: $0
Single:
$2,700 per year, per owner, not to exceed two owners per unit; payable in monthly installments of $225 per owner
Family:
$3,600 per year, per owner, not to exceed two owners per unit; payable in monthly installments of $300 per owner

Dues:
Single: $2,100 per year, per owner, not to exceed two owners per lot or unit; payable in monthly installments of $175 per owner
Family: $3,000 per year, per owner, not to exceed two owners per lot or unit; payable in monthly installments of $250 per owner

Priviledges:
* One Payne's Pal each calendar month; requires use each month and will not be carried forward
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the EBU Member and up to three guests, fourteen calendar days in advance
* One tennis court reservation for one hour of play for the EBU Member and up to three guests, fourteen calendar days in advance


VI. Resident Golf Members:

Available exclusively to the holder of a valid Resident Social Membership who is an owner of a single family lot within the designated “Golf-Environment” subdivisions of Branson Hills, including the age-restricted subdivision and the Golf Villas.

Eligibility:
Available to residents of Branson Hills who: (a) own a lot in Branson Hills Estates or a unit in the Branson Hills Golf Villas Condominium; (b) are current in their payment of owners' association assessments; and (c) are Resident Social Members in good standing. Resident Golf Membership is limited to two owners of each lot or unit who are listed on the Deed.

Number:
Not Applicable

Initiation Fee: Not Applicable

Annual Dues:
a. Single Resident Golf Membership: $2,100 paid in advance monthly installments of $175.
b. Family Resident Golf Membership: $3,000 paid in advance monthly installments of $250.

Privileges:
* One Payne's Pal each calendar month; requires use each month and will not be carried forward
* 10% off the non-member published standard green fee for one round of golf for two additional daily golf guests when Payne's Pal is used, or three additional daily golf guests when Payne's Pal is not used
* Tee time reservation for one round of daily play for the Member and up to three guests, fourteen calendar days in advance
* One tennis court reservation for one hour of play for the Member and up to three guests, fourteen calendar days in advance


VII. Resident Social Membership:

Eligibility: Available to residents of Branson Hills who: (a) own a lot in Branson Hills Estates or a unit in the Branson Hills Golf Villas Condominium; and (b) are current in their payment of owners' association assessments. Resident Social Membership is limited to two owners of each lot or unit who are listed on the Deed.
Number Available: N/A

Initiation Fee: $0

Dues:
$600 per year, payable to the applicable owners' association as a portion of the annual assessment

Priviledges:
* Member, spouse and dependants receive 10% off the non-member published standard green fee
* One tennis court reservation for one hour of play for the Resident Social Member and up to three guests, seven calendar days in advance


VIII. Non-Resident Social Membership:

Eligibility: Available to persons who are not residents of Branson Hills

Number Available: N/A

Initiation Fee: $5,000

Dues:
$600 per year, payable in monthly installments of $50

Priviledges:

* Member, spouse and dependants receive 10% off the non-member published standard green fee
* One tennis court reservation for one hour of play for the Non-Resident Social Member and up to three guests, seven calendar days in advance


IX. Practice Facilities Membership:

Eligibility: Available to persons who are residents and non-residents of Branson Hills

Number Available: N/A

Initiation Fee: N/A

Dues:
$400 per year, payable in advance and without proration

Priviledges:
* Use of practice putting green and golf ball driving range for the Practice Facilities Member
* Unlimited use of practice golf balls for the Member
* Member's spouse, dependants and guests may use the Practice Facilities with payment of the published daily use fee
* Practice Facilities Members are limited to use of the Practice Facilities only, and have no right to use any of the other Golf Facilities or Main Clubhouse Facilities


Advance Tee Time Reservation Policy:

Three (3) days without deposit; seven (7) days with pre-payment via credit card with a three day cancellation policy.

Limited Membership Transfer Features: After the initial 50 Charter Memberships have been sold by the Club; Founder Memberships, Charter Memberships and Corporate Memberships may thereafter be resold back to the Club on the basis of every third membership sold thereafter by the Club (i.e., 2 memberships are sold from Club inventory and then the next Resigned Member’s Membership is sold back to the Club from the “waiting list,” allowing for the availability of a new Charter Membership to be sold by the Club to a new Charter Member). On resale to the Club, the Resigned Member will receive the lesser of 80% of the current Initiation Fee received by the Club or 80% of the Initiation Fee originally paid for the Resigned Membership.



Contact Bob Allen at boballen@pga.com or call: 1-877-33-PAYNE for membership inquires.

*subject to revision

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