March 19, 2018

Via Email and U.S. Mail

Sikes Ragan, Principal

Village of Cheshire

10 Cheshire Drive

Black Mountain, North Carolina 28711

Re: Negotiations for Sale and Purchase of Cheshire Racquet Club Property

Dear Sikes:

A large group of Cheshire Tennis Club members met Saturday morning to discuss the current negotiations for the sale of the club property. We are very concerned about the current situation and the status of the negotiations. We strongly support Bo Webb. We believe Bo’s continued presence and involvement are very important to the future of Cheshire Racquet Club.

At the meeting, we agreed to pay an increase in the club’s dues and fees sufficient to allow Bo to offer you a $750,000.00 purchase price for the club property. The increase will result in a significant additional cost to all of us. It is the largest increase the members can agree to accept. But we believe it is an important investment in the future success of Cheshire Racquet Club.

We do not want to involve ourselves in your and Bo’s negotiations. But we want you to know we have made a significant commitment to Bo, the club and the club’s future. We hope you appreciate and value our commitment. We urge you to work diligently with Bo to conclude a contract with him for the sale and purchase of the club property. This will ensure the future success of Cheshire Racquet Club and greatly benefit the Cheshire and Black Mountain tennis community.

Thank you very much for your consideration of our concerns and commitment.

Best regards,

Friends of Cheshire Racquet Club