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O R A L R E P R E S E N TAT I O N S C A N N O T B E R E L I E D U P O N A S C O R R E C T LY S TAT I N G R E P R E S E N TAT I O N S O F T H E D E V E L O P E R . F O R C O R R E C T R E P R E S E N TAT I O N S , M A K E R E F E R E N C E T O T H I S B R O C H U R E A N D T O T H E D O C U M E N T S R E Q U I R E D B Y S E C T I O N 7 1 8 . 5 0 3 , F L O R I D A S TAT U T E S , T O B E F U R N I S H E D B Y A D E V E L O P E R T O A B U Y E R O R L E S S E E . O B TA I N T H E P R O P E R T Y R E P O R T R E Q U I R E D B Y F E D E R A L L AW A N D R E A D I T B E F O R E S I G N I N G A N Y T H I N G . N O F E D E R A L A G E N C Y H A S J U D G E D T H E M E R I T S O R VA L U E , I F A N Y, O F T H I S P R O P E R T Y. T h i s o f f e r i n g i s m a d e o n l y b y t h e p ro s p e c t u s f o r t h e c o n d o m i n i u m a n d n o s t a t e m e n t s h o u l d b e re l i e d u p o n i f n o t m a d e i n t h e p ro s p e c t u s . T h i s i s n o t a n o f f e r t o s e l l , o r s o l i c i t a t i o n o f o f f e r s t o b u y, t h e c o n d o m i n i u m u n i t s i n s t a t e s w h e re s u c h o f f e r o r s o l i c i t a t i o n c a n n o t b e m a d e . * P r i c e s , p l a n s , a rc h i t e c t u r a l i n t e r p re t a t i o n s a n d s p e c i f i c a t i o n s a re s u b j e c t t o c h a n g e w i t h o u t n o t i c e .

FACT SHEETAddress1451 Brickell Avenue, Miami, FL 33130

Project Description This elegant boutique development will consist of 190 luxury residential units, featuring a cutting-edge robotic parking system, prime ground floor etail space, a full floor pool suspended over 250’ in the ai, a 4,000 square feet state-of-the-art sky fitness center and spa, and 30 penhouse residences, all in a new sculpturesque tower with the Conceptual Design by Carlos Ott.

DeveloperPMG - Property Markets Group

Completion DateDecember 2016

TeamConceptual Design: Carlos OttInterior Designer: Carlos Ott + World Class Design HouseArchitect of Record: Cohen Feedman Encinosa

Deposit Schedule20% at Contract10% at Groundbreaking10% at Pool Level10% at Top-Off

O R A L R E P R E S E N TAT I O N S C A N N O T B E R E L I E D U P O N A S C O R R E C T LY S TAT I N G R E P R E S E N TAT I O N S O F T H E D E V E L O P E R . F O R C O R R E C T R E P R E S E N TAT I O N S , M A K E R E F E R E N C E T O T H I S B R O C H U R E A N D T O T H E D O C U M E N T S R E Q U I R E D B Y S E C T I O N 7 1 8 . 5 0 3 , F L O R I D A S TAT U T E S , T O B E F U R N I S H E D B Y A D E V E L O P E R T O A B U Y E R O R L E S S E E . O B TA I N T H E P R O P E R T Y R E P O R T R E Q U I R E D B Y F E D E R A L L AW A N D R E A D I T B E F O R E S I G N I N G A N Y T H I N G . N O F E D E R A L A G E N C Y H A S J U D G E D T H E M E R I T S O R VA L U E , I F A N Y, O F T H I S P R O P E R T Y. T h i s o f f e r i n g i s m a d e o n l y b y t h e p ro s p e c t u s f o r t h e c o n d o m i n i u m a n d n o s t a t e m e n t s h o u l d b e re l i e d u p o n i f n o t m a d e i n t h e p ro s p e c t u s . T h i s i s n o t a n o f f e r t o s e l l , o r s o l i c i t a t i o n o f o f f e r s t o b u y, t h e c o n d o m i n i u m u n i t s i n s t a t e s w h e re s u c h o f f e r o r s o l i c i t a t i o n c a n n o t b e m a d e . * P r i c e s , p l a n s , a rc h i t e c t u r a l i n t e r p re t a t i o n s a n d s p e c i f i c a t i o n s a re s u b j e c t t o c h a n g e w i t h o u t n o t i c e .

FACT SHEETInterest on DepositDeveloper is paying 5% simple interest (not per annum) on all money deposited and specifically used towards construction (this does not include funds that sit in escrow).

Furniture Ready ResidencesEach residence will be delivered furniture ready, complete with interior design inspired by Carlos Ott. Residences will include the following:

Flooring: Flooring selections included and come recommend by Carlos Ott.

Smart iHome System: Each residence offers an unprecedented level of efficiency through a smart home technology experience. Includes integrated audio, video and lighting systems controlled by Apple® devices.

Advanced Lighting: All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and Lutron lighting control.

Cabinetry & Appliances: All residences come equipped with custom Italian cabinetry, built-in SubZero/Wolf appliances, and exquisite stone countertops.

Paint & Finishing Work: Paint selections are included and come recommended from Carlos Ott to compliment flooring selections

O R A L R E P R E S E N TAT I O N S C A N N O T B E R E L I E D U P O N A S C O R R E C T LY S TAT I N G R E P R E S E N TAT I O N S O F T H E D E V E L O P E R . F O R C O R R E C T R E P R E S E N TAT I O N S , M A K E R E F E R E N C E T O T H I S B R O C H U R E A N D T O T H E D O C U M E N T S R E Q U I R E D B Y S E C T I O N 7 1 8 . 5 0 3 , F L O R I D A S TAT U T E S , T O B E F U R N I S H E D B Y A D E V E L O P E R T O A B U Y E R O R L E S S E E . O B TA I N T H E P R O P E R T Y R E P O R T R E Q U I R E D B Y F E D E R A L L AW A N D R E A D I T B E F O R E S I G N I N G A N Y T H I N G . N O F E D E R A L A G E N C Y H A S J U D G E D T H E M E R I T S O R VA L U E , I F A N Y, O F T H I S P R O P E R T Y. T h i s o f f e r i n g i s m a d e o n l y b y t h e p ro s p e c t u s f o r t h e c o n d o m i n i u m a n d n o s t a t e m e n t s h o u l d b e re l i e d u p o n i f n o t m a d e i n t h e p ro s p e c t u s . T h i s i s n o t a n o f f e r t o s e l l , o r s o l i c i t a t i o n o f o f f e r s t o b u y, t h e c o n d o m i n i u m u n i t s i n s t a t e s w h e re s u c h o f f e r o r s o l i c i t a t i o n c a n n o t b e m a d e . * P r i c e s , p l a n s , a rc h i t e c t u r a l i n t e r p re t a t i o n s a n d s p e c i f i c a t i o n s a re s u b j e c t t o c h a n g e w i t h o u t n o t i c e .

FACT SHEETUnit Types

1 Bedrooms/1.5 Baths2 Bedrooms/2 Baths2 Bedrooms/2.5 Baths2 Bedrooms/2.5 Baths + Den3 Bedrooms/3 Baths3 Bedroom/3.5 Baths3 Bedroom/3.5 Baths + DenLower Penthouses 3 Bedroom / 3.5 Baths + Den + Maid’s QuartersUpper Penthouses 4 Bedrooms/4.5 Baths + Den + Maid’s Quarters

Building Amenities190 luxury residences with a Brickell address, east of Brickell AvenueConceptual design by Carlos OttLimited Edition interior design featuring Carlos Ott and a World-Class Design HouseFull-floorpool deck with panoramic views of Biscayne Bay and Downtown MiamiSuspended state-of-the-art gym and spa area overlooking pool, Biscayne Bay and Downtown MiamiResort-style poolside serviceFood & beverage services exclusive to residentsPrivate cooled storage spacesExceptional concierges services

O R A L R E P R E S E N TAT I O N S C A N N O T B E R E L I E D U P O N A S C O R R E C T LY S TAT I N G R E P R E S E N TAT I O N S O F T H E D E V E L O P E R . F O R C O R R E C T R E P R E S E N TAT I O N S , M A K E R E F E R E N C E T O T H I S B R O C H U R E A N D T O T H E D O C U M E N T S R E Q U I R E D B Y S E C T I O N 7 1 8 . 5 0 3 , F L O R I D A S TAT U T E S , T O B E F U R N I S H E D B Y A D E V E L O P E R T O A B U Y E R O R L E S S E E . O B TA I N T H E P R O P E R T Y R E P O R T R E Q U I R E D B Y F E D E R A L L AW A N D R E A D I T B E F O R E S I G N I N G A N Y T H I N G . N O F E D E R A L A G E N C Y H A S J U D G E D T H E M E R I T S O R VA L U E , I F A N Y, O F T H I S P R O P E R T Y. T h i s o f f e r i n g i s m a d e o n l y b y t h e p ro s p e c t u s f o r t h e c o n d o m i n i u m a n d n o s t a t e m e n t s h o u l d b e re l i e d u p o n i f n o t m a d e i n t h e p ro s p e c t u s . T h i s i s n o t a n o f f e r t o s e l l , o r s o l i c i t a t i o n o f o f f e r s t o b u y, t h e c o n d o m i n i u m u n i t s i n s t a t e s w h e re s u c h o f f e r o r s o l i c i t a t i o n c a n n o t b e m a d e . * P r i c e s , p l a n s , a rc h i t e c t u r a l i n t e r p re t a t i o n s a n d s p e c i f i c a t i o n s a re s u b j e c t t o c h a n g e w i t h o u t n o t i c e .

FACT SHEETAll Residence FeaturesSemi-private elevator lobbyCustom interiors by Carlos OttApple® home technology included in all residencesResidences feature panoramic water and city views8’ deep terraces with outdoor barbeque area10’ - 12’ ceilings with floor to ceiling windowWolf stoves and custom hoodSide by side paneled SubZero/Wolf appliancesSubZero Duel Temperature Wine Storage Built-in coffee and espresso machineOversized soaking tub

Penthouse ExclusivityPrivate elevator foyerGrand master his and her walk-in closetsPrivate maid’s quarters with bathroomMidnight bar in the master suite14’ ceilings with floor to ceilings windows

Exclusive Services24-hour concierge service and security24-hour valet serviceCutting-edge robotic parking systemComplimentary pet walking servicesPersonal poolside service

ECHO Brickell

OVERVIEW

ECHO Brickell resides in the epicenter of Miami's fastest growing and most metropolitan neighborhood, located directly on the coveted East side of Brickell Avenue. Its 175 opulent residences set a new bar for state-of-the-art living in Miami's most exciting locale. With conceptual design from mastermind Carlos Ott, ECHO Brickell is a host of privilege at every turn.

CONCEPT

ECHO Brickell's developers, Property Market Group (PMG), have once again led the way with an inventive contemporary tower in a highly desirable neighborhood. The property's 175 residences mirror the refined precedence set forth by its sister project, ECHO Aventura.

BUILDING MIX

The building itself is flanked by twin glass atriums housing the works of contemporary artists. The impressive Grand Lobby is modeled by a critically acclaimed design house in a limited collaboration with Carlos Ott. ECHO Brickell's most notable exterior feature is the awe-inspiring "Open Space". This futuristic gap in the building's facade spans the entire width of the tower, rising three stories in height. The Open Space will house the full-floor pool deck, allowing residents to swim from one side of the property to another in the astounding infinity-edge pool. Suspended above the pool deck, fitness center and spa offers breathtaking panoramic views of Biscayne Bay, the Atlantic Ocean, Downtown Miami's full cityscape, and the surrounding islands. The 175-unit mix is comprised of one and two bedroom units on the lower floors, two and thee bedroom units on the middle floors directly above the Open Space and 16 exclusive penthouse units residing in the building's pinnacle.

BUILDING AMENITIES

Full Floor Infinity Edge Pool 4000 Square Foot Gym & Spa Custom High Level Building Security System Robotic & Valet Parking Four Elevators for 175 Residences Complimentary Pet Walking Resort Style Poolside Service Full Service Concierge Service

FEATURES INCLUDED IN ALL RESIDENCES

Delivered furniture ready Deep terraces with summer kitchens Minimum 10’ ceilings with floor-to-ceiling windows Apple®-based home technology Side-by-side paneled SubZero®/Wolf® appliances Oversized gas stoves and custom hood SubZero® Dual Temperature Wine Storage Built-in coffee and espresso machine Oversized soaking tub Semi-private elevator lobby Custom interiors inspired by Carlos Ott Apple® home technology included in all residences Residences feature panoramic water and city views 8’ deep terraces with outdoor barbeque area 10’ - 12’ ceilings clear with floor to ceiling windows Side by side paneled SubZero/Wolf appliances

PENTHOUSE EXCLUSIVITY Private elevator foyer Grand master his and her walk-in closets Private maid’s quarters with bathroom Midnight bar in the master suite 14’ ceilings clear with floor to ceiling windows

LOCATION 1451 Brickell Avenue

Brickell is Miami's most metropolitan neighborhood which serves as South Florida's major financial district. Brickell has recently grown to overtake the city's historic central business district to the north, as one of the largest financial districts in the United States.

The recent addition of world-renowned condo buildings and hotels, five-star restaurants and high-end shops, Brickell has truly become a live-work-play destination. With a fast growing residential population, Brickell is one of Miami's fasting growing neighborhoods.

Echo Home Standard

FLOORING Flooring selections included and come recommended by Carlos Ott

PAINT & FINISHING WORK Paint slections included and come recommended from Carlos Ott to compliment flooring selections.

SMART iHOME SYSTEM Each residence offers an unprecedented level of efficiency through a smart home technology experience. Includes integrated audio, video and lighting systems controlled by Apple devices.

ADVANCED LIGHTING All residences come equipped with a contemporary lighting package, including recessed lighting, dimmers, and lighting control.

CABINETRY & APPLIANCES All residences come equipped with custom Italian cabinetry, built-in SubZero/Wolf appliances, and exquisite stone countertops.

ECHO comparision

Brickell Location Aventura

Carlos Ott Conceptual Design Carlos Ott

CFE Architect of Record CFE

Collaboration between Carlos Ott + Surprise Designer

Interior Design Yabu Pushelberg

175 Number of units 190

60+ Number of floors 11

30 Number of penthouses

36

Biscayne Bay, Atlantic Ocean, Miami/Brickell Skyline, Barrier Islands

Views Dumfoundling Bay, Atlantic Ocean,

Sunny Isles/Aventura Skyline

Full-floor infinity edge, 300 ft. in the sky with resort-style poolside service

Pool Bayfront infinity-edge with resort-style

poolside service

4000 sq. ft. gym and spa WELLNESS 4000 sq. ft. gym and yoga room

Robotic & Valet PARKING Complimentary valet and self-parking

Q1 2014 Planned

Groundbreaking Summer 2013

ISG Sales & Marketing ISG

Conceptual design CARLOS OTT

Carlos Ott has forty years of outstanding experience in the design of construction projects. Recognized internationally as one of the leading design architects, Carlos Ott has been awarded numerous International prizes and awards of merit over his illustrious career. Projects with Carlos Ott’s architectural signature have recently been completed or are under construction in France, Germany, Canada, the United Arab Emirates, Saudi Arabia, China, Singapore, Malaysia, India, Sri Lanka, Mexico, Panama, Puerto Rico, Dominican Republic, Argentina, USA, Philippines and Uruguay. In 2008, Carlos received the highest 5-star Award for High-Rise Development, from CNBC Asia Pacific Awards, for his residential “One Shenton” in Singapore. In 2009, The Miami Chapter of the American Institute of Architects celebrated him with the

Award of Merit for Calgary Courts Centre, Green Building.

Developer PROPERTY MARKETS GROUP PMG

Echo Brickell is brought to you by a joint venture between JDS Development Group and Property Markets Group. Founded in 1991 by Kevin Maloney, Property Markets Group (“PMG”) has direct hands-on experience in the acquisition, renovation, financing, operation, and marketing of commercial and residential real estate. A development firm of national scope, PMG has over 150 real estate transactions including over 80 residential buildings in Manhattan during its 20-year history. PMG has distinguished itself over the last decade for its development of new construction condominium developments in Florida, New York City, South Carolina and Chicago. In 2012, PMG commenced construction on 95th On The Ocean, 7 luxury oceanfront town homes located in Surfside, Florida.

Exclusive sales group INTERNATIONAL SALES GROUP

International Sales Group (ISG), LLC is a fullyintegrated luxury real estate sales and marketing firm representing properties throughout South Florida and Latin America. With a portfolio that includes, Tao Sawgrass, Vizcayne, MEI , Atrium, Apogee Beach, Mybrickell and more; this team of top real estate professionals provides their clients the latest expertise in marketing, sales and administrative solutions. Founded by Philip Spiegelman and Craig Studnicky, ISG offers developers in-depth local market research and is constantly adapting to market changes to provide immediate return for the real estate developments they represent.

10887233.1

ECHO BRICKELL, A PROPOSED CONDOMINIUM

RESERVATION DEPOSIT AGREEMENT TO: PMG ACQUISITIONS, LLC, a Florida limited liability company and/or assigns (the "Developer") whose address is 19495 Biscayne Blvd., Suite 410, Aventura, Florida 33180. Ladies and Gentlemen:

We, the undersigned ("Buyer") NAME: and ADDRESS: CITY:_______________________________ STATE: ZIP _______ PHONE: ________________ EMAIL: ____________________ FAX: do hereby make an application for the purchase of Unit _________ (the “Unit”) in the proposed condominium to be called ECHO BRICKELL, A Condominium to be located at 1451 Brickell Avenue, Miami, Florida 33131 for a purchase price of $_____________. We understand that, in the event we enter into a purchase agreement (the "Purchase Agreement") with the Developer for the purchase of the Unit, the purchase price contained in such Purchase Agreement will be the price stated above.

We agree to deposit with First American Title Insurance Company, with offices at 13450 West Sunrise Blvd., #300, Sunrise, Florida 33323 (the "Escrow Agent") the amount of $_____________, payable to the Escrow Agent, as a deposit for the purchase such Unit, subject to, and contingent upon, our entering into a Purchase Agreement, for such Unit with the Developer, it being understood that, as soon as is reasonably possible after the date hereof, the Escrow Agent shall provide us with a receipt for the funds escrowed.

We also understand the following:

(a) The Developer will reserve for us, the Buyer, the Unit set forth above, upon and in accordance with the terms and conditions hereafter set forth;

(b) If we shall fail or refuse to enter into the Purchase Agreement for the Unit within fifteen (15) days

from the date the Purchase Agreement, the condominium documents and the disclosure materials required by the Florida Condominium Act, Chapter 718, Florida Statutes, and the Rules and Regulations of the Florida Department of Business and Professional Regulation, Division of Florida Condominiums, Timeshares and Mobile Homes (the “Division”), are delivered to us, as the Buyer, then this Reservation shall be of no further force and effect and each party shall be released of all further obligations or liability to the other hereunder. Upon our written request to the Escrow Agent,

10887233.1

such Escrow Agent shall immediately and without qualification return the deposit paid hereunder to us, and the parties shall be released from any and all further obligations hereunder.

(c) This Reservation shall be binding upon the parties hereto and each of their respective heirs, personal

representatives, successors and permitted assigns. The Buyer's reservation rights hereunder may not be assigned without the prior written consent of the Developer, in its sole and absolute discretion, Buyer and Developer hereby agree that neither shall record this document in the official records of any state, county or other governmental body.

(d) This Reservation does not constitute an agreement by the Developer to sell to Buyer, or by Buyer to

purchase from the Developer, the Unit, it being understood that we shall not have any lien, or right to file and/or perfect a lien, upon or against the Unit. The Buyer may terminate this Reservation at any time in Buyer’s sole and absolute discretion by delivering written notice to the Developer and the Escrow Agent. Upon written request to the escrow agent by Buyer, the funds shall be immediately and without qualification refunded in full to Buyer. This Reservation may be terminated at any time by the Developer, in its sole and absolute discretion, by delivering written notice of termination to Buyer, and to the Escrow Agent upon which the Escrow Agent shall immediately return to Buyer the entire deposit, and thereafter neither party shall have any further rights or obligations hereunder. Developer's total liability hereunder, and Buyer's sole and exclusive remedy for any breach or termination hereof by Developer, shall be limited to a return to Buyer of the deposit.

(e) The Developer agrees that, prior to entering into a binding Purchase Agreement for the Unit, the

Developer shall file condominium documents with the Division, it being understood that we, as the Buyer, shall have the right to receive all condominium documents as required by Florida law.

(f) If the Buyer enters into a Purchase Agreement with the Developer, then the deposit as reflected

herein shall apply towards the deposit required by the said Purchase Agreement.

(g) All funds escrowed under this Reservation with the Escrow Agent may be deposited into and held in a non-interest bearing account.

(h) The developer shall file condominium documents with the Division prior to entering into a binding

purchase agreement or binding agreement for a lease of more than 5 years.

(Signature Page Follows)

10887233.1

DATED this ______ day of _______________, 2013.

BUYER:

Print Name:

BUYER:

Print Name: DEVELOPER:

PMG ACQUISITIONS, LLC, a Florida limited liability company

By: Authorized Representative

Receipt is hereby acknowledged by the undersigned, this _____ day of __________, 2013, of the deposit in the amount of $___________________.

ESCROW AGENT:

FIRST AMERICAN TITLE INSURANCE COMPANY

By: Authorized Representative