PRELIMINARY

The builder reserves the right at its sole discretion to
make changes or modifications to maps, plans, specifications, materials,
features and colors without notice. All maps, plans, landscaping and
elevation renderings are artist’s conceptions and are not to scale. Alicante
is a new community by Manchester & Belford, LLC, a Delaware limited
liability company, whose sole member is Manchester & Belford Investors, LLC,
a California limited liability company, whose sole member is Intracorp Los
Angeles, LLC, a Washington limited liability company. Alicante features
condominium ownership and an association, supported by its residents,
maintains common area and facilities for a monthly fee. Membership is
automatic. Page
updated 10/08