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Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. This does not constitute an offer to sell, or a solicitation to buy, real estate to any entity or residents of the State of New York or any other state or jurisdiction where prohibited by law, or where prior registration is required but has not yet been fulfilled, including registration in New York under the Martin Act, on behalf of the St. Joe Company or anyone acting with the knowledge of The St. Joe Company. The St. Joe Company is not incorporated in, located in, or a resident in the state of New York.