IGY September 29, 2010 West Indian Company Attention: Edward Thomas P.O. Box 7660 St. Thomas, USVI 00801 Dear Ed, I appreciate the time you spent last week with Tom Mukamal and Eric Toth to discuss the ongoing challenges at Yacht Haven Grande. I understand from Tom that the meeting was productive, and I am looking forward to seeing the prompt implementation of some much needed changes which should result in a positive long term benefit for Yacht Haven Grande, WICO and the Havensight Mall. For your reference I have summarized these changes as I understand them from Tom. 1. New Signage — WICO has executed a letter pursuant to which it has agreed to allow Yacht I laven Grande to erect directional signage along the WICO cruise ship dock. This signage will include directions to Downtown and the Yacht Haven Grande and Havensight shops. This signage will be ordered by the end of this week and we expect to have it installed by Novebmber 1, 2010. Ultimately, Yacht Haven Grande would like its signage integrated throughout the Havensight Mall and would similarly integrate signage for the Havcnight Mall at Yacht Haven Grande. This should be done in conjunction with a thorough review of the security requirements for the cruise ship dock, and, after such review, a plan should be developed and implemented to more strategically link Yacht Haven Grande, Havensight Mall and Port of Sale by repositioning certain gates. This will allow cruise ship passengers and guests a far more inviting and friendly experience as well as access to an integrated shopping area where visitors to St. Thomas can more easily access the experience of shopping in three very distinct retail destinations. 2. Trolley Can — WICO has agreed to allow Yacht Haven Grande to operate a trolley can from the cruise ship terminal into Yacht Haven Grande. Yacht 1-laven Grande will purchase and operate the trolley cart and will present you with a proposed route path by the end of this week. We