19 Clubhouse Drive Holden Beach NC 28462
1-877-562-9663
Membership (Appendix)
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2008 DUES AND FEES APPENDIX (Revised 11-11-07)
Membership Categories and Classes – Rights, Privileges and Restrictions
Effective Date 01-01-08 with all dues, fees and classes subject to change with 30 day membership notification

Category                     Classification                         Rights & Privileges

Equity Golf                  Family Golf                               Full use of all Club facilities by both spouses and unmarried children under                                                                                          the age of 23 residing at home with member and spouse, or attending school                                                                                          full time.

                                     Individual Golf                          Same as Family, except that spouse and resident unmarried children play at                                                                                          the family member rate.

                                    20 Round Non-Dwelling         Same as Family.  May be used by family members.

                  Additional Services:          20% discount on Pro-Shop merchandise.  Participate in all equity sponsored events.                                                                  Advanced tee time reservations.  Guests play at Equity Guest Rates.  Authorized to                                                                 purchase Equity Guest Card (8 rounds with 24 month expiration).  Individual member cart                                                                 ownership.  Free range balls and range usage.  Multiple Golf Packages may be purchased.

Equity Non-Golf          Dwelling or Non-Dwelling        Participate in all social activities of the Club.  20% discount on Pro-Shop                                                                                              merchandise.  Includes six (6) 18-hole rounds of golf.  After 6 rounds, play                                                                                              for posted rates or buy Play package which includes the first 6 rounds.                                                                                              Range balls $4 per bucket.  Guests play golf at Equity Guest Rate.

Definitions                Dwelling Owner                            Families or individuals who own a house, townhouse or condo within fifty                                                                                              (50) miles of Lockwood Folly, or live within fifty (50) miles of Lockwood Folly.

                                    Non-Dwelling Owner                   Families or individuals who do not own a house, townhouse or condo                                                                                              within fifty (50) miles of Lockwood Folly, nor live within fifty (50) miles of                                                                                              Lockwood Folly.

                                    Disabled Dwelling Owner          Individuals having a physical disability that prohibits them from playing any                                                                                              golf.  The disability must be supported by current medical documentation                                                                                              submitted to the Board of Directors by the member’s personal physician for                                                                                              approval.  Status will be reviewed annually.  Membership includes six (6)                                                                                              18-hole rounds of golf for family use.  Member’s guests play at the Equity                                                                                               Guest rate.

Restrictions                Walking Rounds                        Cart owners may use their cart.  Blue Flag holders may participate with solo                                                                                               cart usage.  Members participating must check in with Pro-Shop prior to                                                                                               play.  If you are NOT a family or individual package holder, walking will be                                                                                               considered a round of either 9 or 18 holes.

Reclassification                                                                Members wishing to upgrade to a higher classification during the year                                                                                               must pay the difference, for the whole year, of the cost between the                                                                                               classifications.  Members may not move to lower play category without                                                                                               Board of Directors approval.

GENERAL INFORMATION:  Billing cycles:                      Annual Core Assessment Dues        = Billed January 1, 2008
                                                                                               Family & Individual                                = Billed monthly
                                                                                               Non-Dwelling and Non-Golf                = Billed on January 1, 2008