SETTLEMENT AGREEMENT BETWEEN THE GOVERNMENT OF THE VIRGIN ISLANDS DEPARTMENT OF PLANNING AND NATURAL RESOURCES AND GREAT ST. JIM, LLC THIS SETTLEMENT AGREEMENT is entered into by the VIRGIN ISLANDS DEPARTMENT OF PLANNING AND NATURAL RESOURCES ("Complainant' or "DPNR") and GREAT ST. JIM, LLC ("Respondent"). WITNESSETH: WHEREAS, the Complainant is responsible for the administration and enforcement of laws and regulations pertaining to the protection and preservation of the coastal resources of the United States Virgin Islands, including the Coastal Zone Management Act (the "CZM Act"), Title 12, Chapter 21. of the Virgin Islands Code, and the Division of Coastal Zone Management ("CZM") is a division thereof; WHEREAS, the Respondent, Great St. Jim, LLC, a Virgin Islands limited liability company, (hereinafter "the Respondent"), is a person as that term is defined in Section 902 of the CZM Act. WHEREAS, Respondent is the owner of property described as Parcels Nos. A Rem, A-1, A- 2, B-1 Rem, B-1-1, B-1-2, B-2 Rem, B-2-1, B-2-2, C-1 Rem, C-1-1, C-1-2, C-2 Rem, C-2-1, C- 2-2 Great St. James Island, St. Thomas, Virgin Islands (hereinafter "the Property"). WHEREAS, the Property is located within the first tier of the Coastal Zone. WHEREAS, in response to public complaints of development on Great St. James Cay, a search of CZM records was performed and that revealed no permits or authorization letters for EFTA00300105