Disclosure Guides

2012-2013 Disclosure Guides This publication contains information that indicates resorts participating in, and explains the terms, conditions and use of the RCI Weeks Exchange Program and the RCI Points Exchange Program operated by RCI, LLC. You are urged to read it carefully.

This publication contains Disclosure Guides for the RCI Points Exchange Program and the RCI Weeks Exchange Program, since membership in the RCI Points Exchange Program includes access to the RCI Weeks Exchange Program. The Disclosure Guide to the RCI Points Exchange Program is set forth in Part A of this publication. The Disclosure Guide to the RCI Weeks Exchange Program is set forth in Part B of this publication.

Part A Disclosure Guide to RCI Points

DISCLOSURE GUIDE TO THE RCI POINTS EXCHANGE PROGRAM This Disclosure Guide to the RCI Points Exchange Program ( Disclosure Guide ) explains the RCI Points Exchange Program offered to Vacation Owners by RCI, LLC ( RCI ). Vacation Owners should carefully review this information to ensure full understanding of the terms, conditions, operation and use of the RCI Points Exchange Program. Note: Unless otherwise stated herein, capitalized terms in this Disclosure Guide have the same meaning as those in the Terms and Conditions of RCI Points Subscribing Membership ( Terms and Conditions ), which are made a part of this document. RCI is the operator of the RCI Points Exchange Program. No government agency has approved the merits of this exchange program. RCI is a Delaware limited liability company with its principal offices located at: 7 Sylvan Way Parsippany, NJ 07054 Exchanges through the RCI Points Exchange Program are processed at: 9998 North Michigan Road Carmel, IN 46032 RCI is a subsidiary of Wyndham Worldwide Corporation, a Delaware corporation. Officers Thomas G. Conforti Executive Vice President 22 Sylvan Way, Parsippany, NJ 07054 Geoffrey A. Ballotti Chairman and Chief Executive Officer 7 Sylvan Way, Parsippany, NJ 07054 Thomas J. Edwards Executive Vice President and Treasurer 22 Sylvan Way, Parsippany, NJ 07054 Gordon S. Gurnik President 7 Sylvan Way, Parsippany, NJ 07054 Mary R. Falvey Executive Vice President 22 Sylvan Way, Parsippany, NJ 07054 Scott G. McLester Executive Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Kirsten Hotchkiss Senior Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Susan Loring Crane Group Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Nicola Rossi Senior Vice President and Manager 22 Sylvan Way, Parsippany, NJ 07054 Steve Meetre Senior Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Gregory T. Geppel Senior Vice President, Tax 22 Sylvan Way, Parsippany, NJ 07054 Gail Mandel Executive Vice President, Chief Financial Officer, and Manager 7 Sylvan Way, Parsippany, NJ 07054 Barbara Spengler Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Richard G. Ruff III Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 Paul F. Cash Executive Vice President, General Counsel, Secretary, and Manager 7 Sylvan Way, Parsippany, NJ 07054 Jeanmarie Cooney Senior Vice President, Financial Planning and Analysis 22 Sylvan Way, Parsippany, NJ 07054 Paul Davis Senior Vice President, Global Procurement 22 Sylvan Way, Parsippany, NJ 07054 Philip S. Brojan Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Brad A. Dettmer Executive Vice President and Chief Information Officer 7 Sylvan Way, Parsippany, NJ 07054 Anthony P. Greco Vice President 7 Sylvan Way, Parsippany, NJ 07054 Kris M. Jamtaas Senior Vice President 4901 Vineland Road, Suite 250, Orlando, FL 32811 Stanley Kreydin Senior Vice President and Chief Technology Officer 7 Sylvan Way, Parsippany, NJ 07054 Ronald Pearce Senior Vice President and Global Controller 7 Sylvan Way, Parsippany, NJ 07054 Deborah A. Wunder Vice President 9998 North Michigan Road, Carmel, IN 46032 P1

Terry Motsenbocker Vice President 9998 North Michigan Road, Carmel, IN 46032 Rishi Nigam Vice President 7 Sylvan Way, Parsippany, NJ 07054 Jeffrey W. Parker Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 Christine M. Parren Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 Nicholas Paul Vice President 7 Sylvan Way, Parsippany, NJ 07054 Donald R. Schmal Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 Faye Tylee Executive Vice President 7 Sylvan Way, Parsippany, NJ 07054 Frank Campana Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 Kenneth Drake Group Vice President, Legal and Assistant Secretary 7 Sylvan Way, Parsippany, NJ 07054 Rita Coviello Vice President, Legal 7 Sylvan Way, Parsippany, NJ 07054 Fiona Downing Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Claire Mahoney Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 Michael Toscano Senior Vice President 7 Sylvan Way, Parsippany, NJ 07054 David Albright Vice President 9998 North Michigan Road, Carmel, IN 46032 Gregg Anderson Vice President 4901 Vineland Road, Suite 250, Orlando, FL 32811 Brian Bruno Vice President 7 Sylvan Way, Parsippany, NJ 07054 Helen Allison Group Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Marcus A. Banks Senior Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 P2 Michael Davenport Vice President 7 Sylvan Way, Parsippany, NJ 07054 Christian B.H.M. Dirx Vice President and Assistant Treasurer 22 Sylvan Way, Parsippany, NJ 07054 Jennifer Giampietro Vice President, Legal and Assistant Secretary 22 Sylvan Way, Parsippany, NJ 07054 Bobet Bennett-Marshall Vice President, Finance 22 Sylvan Way, Parsippany, NJ 07054 Lynn Maury Vice President 9998 North Michigan Road, Carmel, IN 46032 William Skrzat Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 Robert Tatum Vice President 9998 North Michigan Road, Carmel, IN 46032 Michael Waring Vice President, Corporate Tax 22 Sylvan Way, Parsippany, NJ 07054 RCI provides the RCI Points Exchange Program and other related services and benefits to Members. Wyndham Worldwide Corporation ( Wyndham Worldwide ) is the parent corporation of RCI and Fairfield Resort Management Services, Inc. ( FRMS ), a resort management company, Wyndham Vacation Resorts, Inc. ( WVR ), Wyndham Resort Development Corporation doing business as WorldMark by Wyndham ( WRDC ), and Equivest Finance, Inc. ( Equivest ), and their respective subsidiaries. Some officers and/or directors of Wyndham Worldwide may from time to time serve as officers and/or directors of RCI, FRMS, WVR, WRDC, and/or Equivest, and vice versa. FRMS, WVR, WRDC, and/or Equivest resorts are marked with a plus symbol + if applicable in the Resort List, and Members List both of which are attached hereto. Certain officers and directors of RCI may own, or have rights to acquire, shares of stock in Wyndham Worldwide. Other than as stated in this paragraph, neither RCI nor any of its officers or directors has any legal or beneficial interest in any developer, seller, managing entity or vacation ownership plan participating in the RCI Points Exchange Program. RCI is an independent exchange service company and is not owned, operated or controlled by an Affiliated Resort developer, seller, managing entity or vacation ownership plan participating in the RCI Points Exchange Program. Because vacation exchange is used intermittently as an adjunct to Vacation Ownership, potential Vacation Owners should select a resort that best meets their

ongoing vacation needs. A Member s decision to purchase Vacation Ownership should be based primarily upon the benefits to be gained from the ownership, use and enjoyment of the Vacation Ownership Resort and not upon the anticipated benefits of the RCI Points Exchange Program. The Affiliated Resort at which a Member purchases Vacation Ownership is solely responsible for its financial viability and the quality of its accommodations, facilities, amenities, management and services. PARTICIPATION IN THE NETWORK. Participation in the Network is voluntary. The rights of membership and term of such memberships may vary among Members and RCI may waive certain requirements, in its discretion. Membership in the Network may be offered for varying lengths of time. Subscribing membership in the RCI Points Exchange Program includes access to the RCI Weeks Exchange Program. By executing a Network Participation Agreement, the RCI Points Subscribing Member deposits with the Network all rights of use, occupancy, access and enjoyment in respect to his or her Vacation Time. The Member retains title to his or her Vacation Ownership, subject to this Deposit. The Deposit is for the benefit, use and enjoyment of the Network Administrator in accordance with the Network Documents. The Deposit shall be for a term equal to the stated term of the Member s Network Participation Agreement, subject to the Network Documents. The Network Participation Agreement between the Member and the Network Administrator is a separate and distinct agreement from any agreement that the Member may have with the developer or seller of a vacation plan, including any agreement with the developer or seller to purchase Vacation Ownership or to occupy or use Vacation Time or other property or benefits or All Inclusive Packages. The Network provides an opportunity to obtain exchanges pursuant to Reservations and does not provide a right to occupy any specific Unit or Units. The Deposit of Vacation Time and availability of RCI Points to a Member does not relieve a Member s obligation to pay all fees or other amounts due RCI, or the obligation to pay any maintenance fees, assessments, taxes or other similar charges or fees imposed by any applicable local, state or federal government entity (or its equivalent if the resort is in a foreign country) or other similar charges or fees relating to the Member s Vacation Ownership. Network privileges may be suspended at the Network Administrator s sole discretion. Reasons the Network Administrator may suspend privileges include but are not limited to the Member s failure to pay Home Resort maintenance fee(s), assessment(s) or other charges when due. If the Member or guest is assessed special charges, user fees or government taxes that may not be required by a Member s Home Resort by an Affiliated Resort, it is the Member s or guest s obligation to pay those charges, fees or taxes, and not the obligation of the Network, the Network Administrator or any Affiliated Resort. RCI also reserves the right to offer additional benefits to Members in exchange for deposited Vacation Time. Additional benefits so offered may periodically change at RCI s sole discretion. In addition, RCI does not guarantee that any specific additional benefit will be available to Members, or, if made available, will remain available for any period of time. NETWORK PROCEDURES AND OBLIGATIONS. The terms and conditions of a Member s contractual relationship with the Network and the procedures for utilizing the Network are set forth in the Terms and Conditions contained in this Disclosure Guide. THE CONTENTS OF THIS DISCLOSURE GUIDE AND ALL OTHER NETWORK DOCUMENTS, INCLUDING THE TERMS AND CONDITIONS OF RCI POINTS SUBSCRIBING MEMBERSHIP AND ANY PROVISION IN ANY DOCUMENT RELATED TO, FEES, BENEFITS AND RESERVATION PROCEDURES AND PRIORITIES. ARE SUBJECT TO MODIFICATION, AMENDMENT, OR ELIMINATION BY THE NETWORK ADMINISTRATOR WITHOUT ADVANCE NOTICE. SUBSCRIBING MEMBERSHIP AND TRANSACTION FEES. Network Dues and Subscription Fees ( Network Dues ) are payable to the Network each Use Year. The Network Dues effective as of July 1, 2012 are: 1 year: $124 USD 2 years: $229 USD 3 years: $319.02 USD 4 years: $409 USD 5 years: $499 USD Each time a Member makes a transaction, a transaction fee is charged. Transactions include but are not limited to making a Reservation, canceling a Reservation, saving RCI Points, or making an External Exchange Reservation. Effective as of July 1, 2012 the ranges of transaction fees are as follows: Reserving Member s own Vacation Time for 7 nights only: No Charge Home Resort Priority Reservation for 7 nights only: Online: $40 USD Call Center: $50 USD P3

Reserving Vacation Time other than Member s own Vacation Time or Home Resort Priority Reservation: Call Center Online For 7 nights or $159 USD $149 USD more 6 nights $139 USD $129 USD 5 nights $119 USD $109 USD 4 nights $109 USD $99 USD 3 nights $89 USD $79 USD 2 nights $69 USD $59 USD 1 night $49 USD $39 USD RCI Points Partner Inventory Reservation: Fees vary by product type. Guest Certificate: $59 USD Points Transfer: $98 USD Point Borrowing: No Charge Points Rental: $0.02 USD per point Points for Deposit: $26 per use, limit 4 uses per year Point Saving: If Reservation Made During Use Year: No Charge If No Reservation Made During Use Year: $26 USD Points Extension: 13,999 points or less: $39 USD; 14,000 points or more: $99 USD Membership Transfer Application: $98 USD RCI Vacation Protection: For 5 nights or more: $49 USD For 3 4 nights: $39 USD For 1 2 nights: $29 USD Call Center Domestic/International External Exchange: $199 USD RCI.COM Domestic/International External Exchange: $189 USD currency. Fees may vary from time to time due to the inclusion of any applicable government fees or taxes. Certain promotions may involve fees that are less than the standard fees shown. From time to time, in order for RCI to obtain more favorable inventory for Members, RCI may waive certain fees. In addition, RCI may increase or decrease any fees. Members will be advised by RCI of any fee changes in the manner set forth in the Terms and Conditions. RCI reserves the right to charge fees in addition to those outlined above, including but not limited to, enrollment fees. RCI serves Members where they reside, providing convenient hours and telephone access and, where appropriate, access to RCI Guides who speak the Member s home language. If the Member permanently resides outside the US, the Member may be serviced by the RCI regional office for the Member s country of permanent residence and the program rules applied and fees charged may be those applicable to that region. Due to currency fluctuations, fees paid to a regional office may vary. AFFILIATED S. The names and addresses of all currently participating Affiliated Resorts as of December 31, 2011 are set forth in the Resort List, attached hereto, classified by number of units of Inventory at each such Affiliated Resort. The number of Members eligible to participate in the Program at each Affiliated Resort as of December 31, 2011 is attached hereto as the Members List. Members having access to multiple RCI exchange programs are counted only as being enrolled in their primary exchange program. The minimum duration of Vacation Time intervals at each Affiliated Resort is the duration established by the governing documents of the Affiliated Resort. RCI may add new and remove existing Affiliated Resorts to the Program at its sole discretion. RCI considers factors such as size, location, and quality of the resort and its accommodations when adding new affiliated resorts. RESERVATION STATISTICS. Reservation statistics for the calendar year ending 2011 have been audited and are disclosed in this Disclosure Guide. THE PERCENTAGE OF CONFIRMED EXCHANGES IS A SUMMARY OF THE EXCHANGE REQUESTS CONFIRMED WITH THE EXCHANGE COMPANY IN THE REPORTED PERIOD. THE PERCENTAGE OF CONFIRMED EXCHANGES DOES NOT INDICATE A MEMBER S PROBABILITIES OF BEING CONFIRMED TO ANY SPECIFIC CHOICE OR RANGE OF CHOICES, SINCE AVAILABILITY AT INDIVIDUAL LOCATIONS MAY VARY. The above fees may vary for corporate participation or other programs offered by or through RCI and are subject to change in RCI s discretion. RCI in its sole discretion may charge Members in their local currency and may further require payment in such local P4

TERMS AND CONDITIONS OF RCI POINTS SUBSCRIBING MEMBERSHIP The following Terms and Conditions (the Terms and Conditions ) govern a subscription membership in the RCI Points Exchange Program (the Program ). The Program is contained and described in the Participation Agreement and these Terms and Conditions, as amended by RCI from time to time (collectively, the Network Documents ). The Network Documents comprise the terms of a binding contract between RCI and Members of the Program. 1. DEFINITIONS. The following definitions apply: A. Affiliated Resort or RCI Points Affiliated Resort A resort, resort group, vacation club, vacation plan or other legal entity, which is included in the Network pursuant to an effective Network Affiliation Agreement. B. Affiliation Agreement or Network Affiliation Agreement The agreement that states the terms and conditions under which an entity owning, controlling, or managing accommodations, including but not limited to a resort, hotel, condominium or condominium association, or Vacation Ownership developer becomes an Affiliated Resort. C. All Inclusive Package A package of food, beverages, or other amenities required or offered by the resort for an additional fee. Payment for an All Inclusive Package may be required prior to or at check-in. All Inclusive Packages may vary in price and in the types of food, beverages, and amenities included. The Member may be required to purchase the All Inclusive Package as a condition for use of the accommodations, or the All Inclusive Package may be optional and Members may not be required to choose whether to purchase it as a condition for use of the accommodations. Food, beverages, and amenities may not be available at the resort if the Member chooses not to purchase an optional package. Fees, terms and conditions of All Inclusive Packages are determined solely by the resort, and are subject to change at any time. D. Daily/Split Reservation A Reservation of Vacation Time that is greater or less than seven (7) nights. E. Deposit An assignment of Vacation Time into the Network Depository for use and Reservation through the Network by or on behalf of a Member, pursuant to a Participation Agreement or corporation participation. F. External Exchange The process by which Members obtain access to Vacation Time through the External Exchange Program. G. External Exchange Program or RCI Weeks Exchange Program or RCI Weeks means the program through which Members may use RCI Points to obtain access to Inventory in the RCI Weeks Exchange Program. H. Guest Certificate A certificate purchased from RCI and presented to the provider of accommodations or Points Partner Inventory enabling Members to give the use of a specified number of RCI Points, a confirmation or certain other benefits of membership, as RCI in its discretion may permit from time to time, as a gift to non-member friends or family members age 21 or older. I. Home Group A group of RCI-Affiliated Resorts under common ownership, control or any other contractual relationship with the Member s Home Resort; or a group of resorts which the Network Administrator has determined qualifies as a Home Group. J. Home Group Priority Period The period beginning 334 days before the start date of a particular Vacation Time and ending 304 days prior to the start date of any particular Vacation Time. K. Home Resort The Affiliated Resort at which a Member owns Vacation Ownership or the Affiliated Resort at which a Member is assigned Vacation Time to Deposit to the Network. L. Home Resort Priority Period The period beginning 365 days before the start date of a particular Vacation Time, and ending 335 days prior to the start date of any particular Vacation Time. M. Home Week Priority Period The period beginning 396 days before the start date of a particular fixed Vacation Time, and ending 366 days prior to the start date of such fixed Vacation Time. N. Indemnitee RCI and its partners, officers, managers, employees, directors, shareholders, agents, representatives, parent companies, affiliates and subsidiaries and the predecessors, successors and assigns of all of them. O. Inventory or Unit Vacation Time or any good, service, benefit, or movable or immovable property designed for separate occupancy or consumption including but not limited to any apartment, condominium or cooperative unit, cabin, lodge, hotel or motel room, campground or other private or commercial structure or improvement, whether movable or immovable property, and whether situated on real or personal property that is utilized in the Network. The Network Administrator may provide access to Inventory at Affiliated Resorts and Points Partner Inventory. P. Member An RCI Points Subscribing Member. A corporate participant may, in RCI s sole discretion, be permitted to function as a Member. P5

Q. Network The RCI Points exchange program and all systems and operations related thereto, including the Reservation System and all RCI Points transaction services including but not limited to exchange, reservation and other use services and related benefits made available to Members from time to time in the discretion of the Network Administrator. R. Network Administrator RCI, and its successors or assigns in interest. S. Network Depository The collection of Inventory from which RCI Points exchange requests and other demand needs are confirmed. T. Network Documents Those documents adopted by the Network Administrator, as amended from time to time, including, without limitation, these Terms and Conditions, the Disclosure Guide to the RCI Points Exchange Program, the External Exchange Program terms and conditions, any Network directory or magazine, the Network Affiliation Agreement and the Network Participation Agreement. U. Network Dues The annual fees payable by or on behalf of a Member to participate in the Network. V. Network Internal Use The occupancy, enjoyment and use by a Member of Vacation Time or Points Partner Inventory by means of the Reservation System. W. Network Participation Agreement or RCI Points Participation Agreement means the form or forms prescribed by the Network Administrator from time to time for the enrollment of Members in the Network. X. Participant Any person, other than a Member, whose ability to participate on a nonrecurring basis in the Network is set forth in a Network Participation Agreement, if any exists, between the person and the Network Administrator. Y. Points Partner Inventory benefits, other than Vacation Time at an Affiliated Resort, which the Network Administrator may make available to Members through any means. Z. Points Partners Third parties who offer Points Partner Inventory, at the discretion of the Network Administrator. AA. RCI Vacation Protection means the vacation protection program described in these Terms and Conditions. BB. RCI Points or Points The representation of reservation value allocated by the Network Administrator to Vacation Time and Points Partner Inventory from time to time, as well as any Reservation rights allocated by the Network Administrator to Members from time to time. CC. RCI Points Subscribing Member or RCI Points Member A person whose Network Participation Agreement has been accepted by the Network Administrator and who, during any relevant period, has deposited Vacation Time in the Network Depository. The term RCI Points Subscribing Member also includes an individual whose participation in the Network is via a corporate member of the Network, as permitted by Network Administrator. Membership denotes a subscription to Endless Vacation magazine; Network benefits are obtained only via this subscription. Also known as a Member. DD. Reservation - The right of a Member to obtain a particular Network Internal Use. EE. Reservation System The method, means or system by which a Member may obtain a Reservation as set forth in the Network Documents. FF. Standard Reservation Period The period beginning 303 days prior to the first day of any particular Vacation Time and ending on the last date of such Vacation Time. GG. Terms and Conditions These Terms and Conditions of RCI Points Subscribing Membership. HH. Transaction Any activity conducted by the Member through the Network, including but not limited to any Reservation request; the saving of Points (whether automatic or by Member request); the transfer of Points; the borrowing of Points; the rental of Points; inclusion on a wait list; cancellation of any Reservation; or any External Exchange request. II. Use Year The annual, recurring twelve (12) month period applicable to each Member described in Section 5D below. JJ. Vacation Ownership The Member s legal right to own, occupy or use accommodations at their Home Resort. KK. Vacation Time Use rights for a period of time, whether recurring week(s), or parts thereof, of a Member s Vacation Ownership, which are deposited in the Network. There are two types of Vacation Time: i. Fixed Vacation Time Vacation Time for which a particular Member has the exclusive right to use specific accommodations at a specific time pursuant to the Member s purchase agreement with the developer. ii. Floating Vacation Time Vacation Time for which a particular Member has the right only to P6

reserve the accommodations on a space available, first come, first-served basis. LL. Vacation Time Expenses All obligations associated with or appurtenant to Vacation Time by whomsoever levied, including, but not limited to, any obligation for the payment of maintenance fees, assessments, common expenses, recreational fees, promissory notes, mortgage payments or taxes. MM. You You, Member or Vacation Owner refers to an owner of Vacation Time who has been accepted for enrollment in the Program. NN. We or RCI refers to RCI, LLC, a Delaware limited liability company (registered as Resort Condominiums International, LLC in Connecticut New Jersey, North Carolina and Ohio). RCI owns and operates the Program. 2. BENEFITS OF MEMBERSHIP. RCI will allow participation in the Network to all Members who comply with these Terms and Conditions. Member benefits under the Program Documents include the use of the Reservation System and the Network Depository through which Members exchange and reserve use of Vacation Time and Points Partner Inventory for themselves and their guests, and access to RCI s ENDLESS VACATION magazine and other printed or electronic publications, RCI s website at www.rci.com, and other travel and leisure benefits (collectively, the Program Benefits ). Each Member, on behalf of themselves and their guest, by use of the Network, acknowledges that the Network is not a corporation, legal entity or association of any kind, but is only the service name given to the variety of exchange, reservation and use services and related benefits offered from time to time by the Network Administrator, together with such additional services as the Network Administrator may arrange through additional agreements with other service providers. RCI is responsible only for the written representations that it makes concerning RCI and the RCI Points Exchange Program, and is not responsible for any other representations made by any other person or entity. The Member acknowledges that there may be more than one co-owner on a single membership. RCI may honor instructions from any person listed in RCI s records as a co-owner of Vacation Time and, in the event of conflicting instructions, RCI may refuse to honor any later instruction received. RCI may require multiple owners of the same Vacation Time to submit separate Participation Agreements for which fees will be applicable. 3. CONDITIONS OF MEMBERSHIP. A. Conditions Precedent. In order for any Member or Participant to make a Reservation in the Network, the following conditions must be met: i. For RCI Points Members: a. The Member must be party to a Network Participation Agreement and the agreement must have been accepted by the Network Administrator. The Network Administrator reserves the right to refuse any Network Participation Agreement and applicable fees presented to it; b. The Vacation Time deposited or sought to be deposited by the Member must be located at an Affiliated Resort in good standing in the Network. The Network Administrator may elect, in its sole discretion, to allow Vacation Time to be deposited that is not from an Affiliated Resort; c. The Member must be current on all applicable Network Dues and fees; and d. The Member must be current on all Vacation Time Expenses, and the Affiliated Resort at which such Member owns Vacation Time must have lifted any maintenance fee block placed on the Member s account. ii. For Participants: a. The Participant must be a party to a Participant Agreement accepted by the Network Administrator; and b. The applicable dues must have been submitted to the Network Administrator by, or on behalf of, the person. B. Enrollment. Network Participation Agreements are only valid if entered into in the name of the lawful owner of the Vacation Ownership. The Network Administrator may require that any corporation, partnership, trust or other entity holding title to Vacation Ownership, other than a natural individual, designate an individual who shall be the exclusive beneficiary of, and exercise membership rights on behalf of, such enterprise. The Network Administrator may require separate subscribing memberships for multiple owners of a single Vacation Ownership and may limit how multiple owners may exercise rights of membership in certain circumstances, except as set forth in the Network Participation Agreement. The Member agrees that if any information contained in the Network Participation Agreement is incorrect, the Member will accept a notice of changed information from the Network Administrator as conclusive evidence of the correct information, and such notice shall be effective to amend the Network Participation Agreement. The period for which a Member is enrolled as a Member of the Network is set forth in the Network Participation Agreement. C. Enrollment Fee. The Network Administrator may charge an enrollment fee payable upon commencement of membership, the amount of which may vary from time to time and among Members. P7

D. Network Dues. The Member shall pay Network Dues in an amount determined by the Network Administrator at its sole discretion. The amount of Network Dues may vary from time to time and among Members. Network Dues paid by an RCI Points Member include a subscription fee for the External Exchange Program. E. During the term of the Membership period, Members are responsible for payment to RCI of all fees described in these Terms and Conditions, as well as any other applicable fees, in the amounts set by RCI for its Members and disclosed on its website at www.rci.com. It is the Member s responsibility to notify RCI of any changes to Member s information, including, without limitation, change of address, email address or ownership. 4. RCI POINTS VALUATION. All Vacation Time and Points Partner Inventory are assigned an RCI Points value by the Network Administrator. The assigned value is determined by the Network Administrator in its sole discretion and is based upon factors including, but not limited to, supply and demand of Vacation Time at the Affiliated Resort, Unit type, seasonality, and historical occupancy percentages, season, and availability and type of core amenities at the Affiliated Resort. The Network Administrator may revalue Vacation Time and Points Partner Inventory from time to time, which may lead to an increase or decrease in the assigned RCI Point value for that Vacation Time or Points Partner Inventory. If the RCI Point Value assigned to a Deposit increases or decreases as a result of such revaluation, the Network Administrator may increase or decrease the RCI Point Value assigned to the Deposit, at its sole discretion. 5. RCI POINTS ALLOCATION, USE YEAR. A. Each year Members are allocated a specific number of RCI Points in exchange for the Deposit of Vacation Time into the Network Depository. Members may receive the RCI Points allocation only upon fulfilling the conditions precedent set forth in the Participation Agreement. RCI Points are symbolic of the ability to make certain Reservations for the use and enjoyment of Vacation Time and Points Partner Inventory through the Network during a particular Use Year. B. The initial allocation of RCI Points to a Member is determined when the Member makes its first Deposit into the Network Depository. Subsequent allocations occur upon the Deposit of additional Vacation Time. Once a Member has been assigned RCI Points for each Vacation Time Deposit subject to a Participation Agreement, the amount of RCI Points will not change, and Members will be allocated the same number of RCI Points each Use Year for each Vacation Time Deposit unless the Network Administrator increases or decreases the RCI Point value of that Vacation Time. If the Network P8 Administrator increases or decreases the RCI Point value of the Members Vacation Time, the RCI Points allocated to that Member will increase or decrease by the same amount. C. The number of RCI Points which a Member receives annually is the aggregate of RCI Points allocated to the Member. The number of RCI Points which a Participant receives for his or her time of participation is the amount set forth in the Participant s agreement. D. The Use Year for each Member is the annual recurring twelve (12) month period, set forth in the Network Participation Agreement. The Member s Use Year shall begin on the date determined by the Network Administrator. THE MEMBER MAY LOSE THE USE OF RCI POINTS THAT ARE NOT USED TO MAKE A RESERVATION IN THE NETWORK WITHIN A GIVEN USE YEAR IF THE MEMBER FAILS TO USE ANY OR ALL ASSIGNED RCI POINTS DURING THE USE YEAR AND DOES NOT TRANSFER OR SAVE THOSE RCI POINTS. IN THE EVENT OF SUCH FAILURE BY THE MEMBER THE POINTS ARE DEEMED TO EXPIRE AT THE END OF THAT USE YEAR. 6. RESERVATIONS. A. Reservation Requests. A Member may request a Reservation any time after the Network Administrator accepts that Member s Network Participation Agreement. A Member shall only be permitted to make a Reservation through the Network if the Member is current in any and all obligations owed to the Network Administrator, his/her membership is otherwise valid and he or she is otherwise in compliance with the Network Documents. B. RCI Points Usage, Priority. In order to make a Reservation for use of particular Vacation Time or of a Unit of Points Partner Inventory during any Use Year, a Member may only use RCI Points allocated in that Use Year and any RCI Points saved, borrowed, transferred or rented in or into that Use Year. A Member may make a Reservation for use of Vacation Time or a Unit of Points Partner Inventory in any future Use Year; provided that Use Year is within the term of the Member s Network Participation Agreement and the Network Dues have been paid through the end of the Use Year in which the Vacation Time falls. Saved RCI Points shall be used first, followed by current RCI Points, rented RCI Points, transferred RCI Points that have been saved, transferred current RCI Points, and transferred rented RCI Points. C. Reservation Periods. Reservation Periods vary from Member to Member based on the terms of

each individual Participation Agreement Examples of Network Reservation periods are as follows: i. Home Week Priority Period. The Home Week Priority Period is designed to support a Member s use of the Member s Fixed Vacation Time. During the Home Week Priority Period, a Member who deposited Fixed Vacation Time has the exclusive right to reserve the use of that Vacation Time, subject to the Network Documents. The Home Week Priority Period begins 396 days and ends 366 days (approximately 13 to 12 months) prior to the first day of occupancy of the Fixed Vacation Time. If a Member makes a Home Week Priority Reservation, it must be made for the full week, and the Member will use the entire allocation of RCI Points arising out of that Vacation Time to make the Reservation. ii. Home Resort Priority Period. The Home Resort Priority Period is designed to support a Member s use of Vacation Time at his/her Home Resort. During this period, Reservations of Vacation Time in the Home Resort are available on a firstcome, first-served basis exclusively to Members who deposited Vacation Time at that Home Resort. The Home Resort Priority Period begins 365 days and ends 335 days (approximately 12 to 11 months) in advance of the start date of the relevant Vacation Time. If the Member makes a Home Resort Priority Period Reservation at the location where the Member deposited Floating Time during the Member s floating use period, the reservation must be made for a full week, and the Member will use the entire allocation of RCI Points arising out of that Vacation Time to make the Reservation. iii. Home Group Priority Period. The Home Group Priority Period is designed to support a Member s use of Vacation Time at resorts in his/her Home Group (or the continued use of his/her Home Resort if his/her Home Resort is not part of a Home Group). During this period, Reservations of Vacation Time in the Home Group are available on a firstcome, first-served basis exclusively for Members who deposited Vacation Time in that Home Group. The Home Group Priority Period begins 334 days and ends 304 days (approximately 11 to 10 months) prior to the start date of the relevant Vacation Time. iv. Standard Reservation Period. The Standard Reservation Period is the time period during which all Vacation Time at Affiliated Resorts becomes available for Reservation by all Members on a firstcome, first-served basis. The Standard Reservation Period begins 303 days (approximately 10 months) in advance of the start date of the relevant Vacation Time. v. Nonstandard Periods. The Network Administrator reserves the right to provide a different Home Week Priority Period, Home Resort Priority Period, Home Group Priority Period or Standard Reservation Period other than those specified in these Terms and Conditions for designated Affiliated Resorts or specified Vacation Time. D. Priority Reservations. During the Member s Home Week Priority Period and Home Resort Priority Period, the Member may use no more than the number of RCI Points allocated from the Member s Deposit of Vacation Time. The Member may, however, use transferred or borrowed RCI Points for a Home Week Priority Reservation or a Home Resort Priority Reservation if the Member had previously used current RCI Points for another Reservation. E. Daily/Split Reservations. RCI Points Members may obtain a Daily or Split Reservation which entitles the Member to use a Unit at an Affiliated Resort for periods other than a one-week period. Minimum lengths of stay and the Reservation window applicable to a Daily/Split Reservation are determined by the Network Administrator at its sole discretion for each Affiliated Resort. A Member may not make a Daily/Split Reservation during the Home Week Priority Period and the Home Resort Priority Period. ALL VACATION TIME AT AFFILIATED S AND UNITS OF POINTS PARTNER INVENTORY ARE SUBJECT TO AVAILABILITY. ALL RESERVATIONS, EXCEPT THOSE MADE DURING THE HOME WEEK PRIORITY PERIOD ARE OFFERED ON A SPACE AVAILABLE, FIRST- COME, FIRST-SERVED BASIS. ALL RESERVATIONS ARE CONTINGENT UPON THE MEMBER REQUESTING THE RESERVATION AND HAVING SUFFICIENT RCI POINTS TO OBTAIN THE DESIRED VACATION TIME OR POINTS PARTNER INVENTORY. USE YEAR LIMITS, BLACKOUT DATES, AND POINTS USE MAXIMUMS MAY APPLY AT SOME S AND WITH RESPECT TO SOME POINTS PARTNER INVENTORY. THE EARLIER A RESERVATION IS REQUESTED, THE BETTER THE POSSIBILITY THAT A CONFIRMED RESERVATION CAN BE OBTAINED. F. Making a Reservation. Reservations may be made in person, by mail, by facsimile, electronically at www.rci.com or by telephone. Reservation requests are to be made to the Network Administrator as follows: i. By telephone: 1-877-968-7476 ii. By facsimile: 1-317-805-9315 iii. By mail: RCI Points Attention: RCI Points Network PO Box 2099 Carmel, In 46082 P9

iv. In person: RCI 9998 North Michigan Road Carmel, Indiana 46032 v. Electronically at www.rci.com The Member will receive a written or electronic Confirmation, which must be presented upon check-in or, if not available, then the Confirmation detail provided by RCI for such purpose must be provided. G. Alternate Reservation Procedure (Floating Time). The Network Administrator may determine that Home Week, Home Resort or Home Group Reservations shall be made directly with the Home Resort or Home Group for certain Affiliated Resorts. If such determination is made, reservations other than Home Week, Home Resort or Home Group shall be made with the Network Administrator. H. Customer Care. Complaints about accommodations or services provided at an Affiliated Resort or accommodating party should be made at the earliest opportunity to a person in authority at the Affiliated Resort or accommodating party. In the event the Affiliated Resort or accommodating party does not resolve the matter to your satisfaction, you should contact RCI's Customer Care department online at www.rci.com, select the "Contact RCI" tab at the top of the screen, click on the "United States and Canada" link, then click on "Send us an e-mail" and fill out the online Feedback Form. Alternatively, you may send an e-mail directly to rcipoints@rci.com, or send a letter to RCI's Customer Care department at P.O. Box 80229, Indianapolis, Indiana 46280-0229 or call 1-877-968-7476 with an urgent problem. RCI may be unable to assist with a resolution if you do not supply full details of the complaint within thirty (30) days of your return. 7. RESERVATION SYSTEM PRIORITIES. The Member should not rely on any representation that specific resort choices, additional benefits or specific Vacation Time can be guaranteed through the Network other than Home Week Priority Reservations. Home Resort and Home Group reservation requests may receive priority over the requests of Members who do not own Vacation Time at that Home Resort or Home Group. Other limitations, restrictions and priorities may be employed in the operation of the Network, including limitations based on seasonality, Unit size or other factors. These limitations may not be uniformly applied and as a result certain Vacation Time or Points Partner Inventory may be restricted in availability based upon applicable priorities and classification grouping of resorts, Vacation Time or benefits. Inventory is shared regionally to facilitate Member Exchanges. The Network Administrator may set aside deposited Vacation Time to match regional Reservation requests and other demand needs. In any case, the Member must have the necessary allocation of RCI Points to reserve the desired Vacation Time or obtain the Points Partner Inventory. To increase the likelihood that specific resort choices and Vacation Time may be confirmed, Members are encouraged to request a Reservation as far in advance of requested Vacation Time as possible. The Network provides only the opportunity to obtain exchanges and does not provide the right to occupy any specific Unit or Unit types with the exception of reservations made during the Home Week Priority Period. 8. TRANSACTION FEES. The Network Administrator will collect the applicable Transaction fee prior to confirming each transaction requested by a Member. Transaction fees are established by the Network Administrator and may change from time to time and among Members without advance notice from RCI and shall be disclosed on www.rci.com. 9. BORROWING RCI POINTS. The Member may borrow RCI Points from the next Use Year so long as that Use Year is within the term of the Member s Network Participation Agreement and the Member s Network Dues have been paid in full through the end of such Use Year. The Network Administrator may, at its sole discretion, suspend or otherwise limit the member s ability to borrow RCI Points and use of borrowed RCI Points. 10. SAVING and EXTENDING RCI POINTS. A. Eligible RCI Points will be automatically saved and the Member will be charged a transaction fee if the Member has not used any of its Points by the end of a Use Year. B. RCI Points that have been previously saved cannot be saved into a subsequent Use Year. Rented RCI Points cannot be saved into another Use Year. C. RCI Points that have been saved must be used in the Use Year into which they were saved, unless extended. If RCI Points are not used in the Use Year to which they have been saved, they will expire unless the Member chooses to extend previously saved but expiring Points for one (1) additional Use Year. A transaction fee shall apply. P10

D. Saved RCI Points may be transferred to another Member, but those RCI Points are usable only within the transferee Member s current Use Year and may not be saved again. E. If RCI Points are saved, used for a Reservation and such Reservation is then cancelled, the saved RCI Points shall remain in the Use Year into which they were saved. F. The Network Administrator, at its sole discretion, may suspend or otherwise limit the Member s ability to save or to use saved RCI Points. 11. TRANSFERRING RCI POINTS. The Member may transfer his/her RCI Points to another Member for use in the transferee Member s Use Year subject to the Network Documents, so long as there is no compensation or other consideration between the transferor and the transferee for the transfer. The transferee Member may return transferred RCI Points back to the transferor Member, but not to another Member. In order to transfer RCI Points, the Network Administrator must have received a completed authorization, in the form established by the Network Administrator. If the transferee Member subsequently cancels a Reservation fulfilled through the use of transferred RCI Points, the transferred RCI Points shall be returned to the transferee Member s account. The Network Administrator will charge a fee for such transfer of RCI Points and in its sole discretion, may suspend or otherwise limit the Member s ability to transfer or to use transferred RCI Points. 12. RENTING RCI POINTS. The Network Administrator may, in its sole discretion, offer the Member the opportunity to rent additional RCI Points for use in any particular Use Year. The rental rate for RCI Points is determined by the Network Administrator and may change from time to time without advance notice to the member. There is no guarantee that the Member will be able to rent RCI Points, since the availability of RCI Points in any particular Use Year is dependent upon the availability of inventory in the Network Depository. If available, RCI Points rental is an opportunity provided only on a first-come, first serve basis. The Network Administrator reserves the right to restrict the total number of RCI Points that can be rented within the Network in any one Use Year, the total number that can be rented by a Member during a Use Year, and/or the Reservations for which rented RCI Points can be used. Rented RCI Points may only be used in the current Use Year and cannot be saved or transferred. Rental Points must be used in the year rented and do not establish or provide for any recurring use. The Member must pay the transaction fee for rental of RCI Points at the time the transaction is requested. The Network Administrator, at its sole discretion, may suspend or otherwise limit the Member s ability to rent RCI Points. 13. POINTS FOR DEPOSIT. The Network Administrator may, at its sole discretion offer members who own Vacation Time at resorts affiliated with the RCI Weeks Exchange Program the ability to convert their RCI Weeks deposit into additional RCI Points. The fee for such conversion is determined by the Network Administrator and may change from time to time without advanced notice to the member. There is no guarantee that the Member will be able to convert RCI Weeks deposits into RCI Points since conversion is subject to the policies of individual RCI Weeks affiliates. If available, conversion is an opportunity provided only on a first-come, first-serve basis. The Network Administrator, at its sole discretion, may suspend or otherwise limit the Member s ability to convert RCI Weeks deposits into RCI Points. 14. CANCELLATIONS. A Member or guest may cancel or change a Confirmed Exchange by notifying the Network Administrator by telephone or in writing. The Network Administrator, at its sole discretion, may require a fee for cancellation based on the reason for cancellation, timeliness of cancellation, and type of Inventory or Points Partner Reservation as follows: A. RCI Points Affiliated Resort Reservations. i. Refund of Transaction Fee. The Member or guest may cancel an RCI Points Affiliated Resort Reservation and obtain a refund of the Transaction fee until the end of the next RCI business day following the date on which the Reservation is confirmed. No refund of the Transaction fee will be made thereafter, except that a Guest Certificate fee will be refunded if cancelled greater than sixty (60) days in advance of travel. ii. Refund of RCI Points. The Member or guest may cancel an RCI Points Affiliated Resort Reservation and obtain a 100% refund of the RCI Points used to make the reservation before the end of the next RCI business day following the date on which the Reservation was confirmed, if the Reservation was confirmed fifteen (15) or more calendar days prior to the starting time of the Reservation. If the Reservation was confirmed less than fifteen (15) days prior to the starting time of the Reservation, 25% of the RCI Points used will be refunded upon such cancellation. iii. After the end of the next RCI business day following the date on which the Reservation was confirmed, the Member or guest may cancel an RCI Points Affiliated Resort, but the amount of RCI Points refunded, if any, depends upon how far in advance of the confirmed dates the cancellation is made. The following sliding scale will be used to determine the percentage of the Member s RCI Points that may be refunded if the Member cancels an RCI Points Affiliated Resort Reservation less than one hundred twenty (120) days in advance of the start time of the Reservation: P11

120 Days or greater 100% refunded 119 Days to 61 days 75% refunded 60 Days to 30 days 50% refunded 29 Days or less 25% refunded iv. Refunded RCI Points that have not been previously saved return to the Use Year from which they originated unless that Use Year has passed. If that Use Year has passed, the RCI Points will be treated as auto-saved and will return to the current Use Year. No fee will be assessed for such autosaving of RCI Points. If the RCI Points to be refunded have been previously saved and the Use Year into which such RCI Points were saved has passed, then such RCI Points shall be forfeited unless the Member extends such RCI Points. In such case a Transaction fee shall apply. v. Points Partner Reservations. All RCI Points Partner reservations are non-refundable, nonchangeable and non-transferable, unless otherwise stated at the time of booking. The cancellation policy for Points Partner Reservations is subject to change. RCI may contract with a third party provider for the fulfillment and servicing of Point Partner transactions. The cancellation policy with respect to such transactions is subject to change at the discretion of the third party or RCI. The Network Administrator shall not be obligated to refund any RCI Points, transaction fees, or cash to Member. B. RCI Weeks Reservations. i. Members will have access to the RCI Weeks Exchange Program and may make a Reservation of available RCI Weeks inventory upon redemption of the number of RCI Points currently set by the Network Administrator. If an RCI Weeks External Exchange is requested and space is unavailable, the Member may submit an Exchange Request. RCI Points are deducted at the time the Reservation is made. RCI reserves the right to modify the format in which it conveys Points values assigned to RCI Weeks inventory. ii. Refund of Transaction Fee. A Member may cancel or change a Reservation at an RCI Weeks Affiliated Resort by telephone or in person at RCI, 9998 North Michigan Road, Carmel, Indiana 46032. A Guest cannot cancel an RCI External Exchange Reservation. For RCI Weeks Alternative Inventory Reservations, Section 19 of the Terms and Conditions of the RCI Weeks Subscribing Membership shall apply. Upon cancellation of an RCI External Exchange Reservation, RCI may refund the transaction fee paid for the cancelled Reservation according to the following guidelines: a. If a Member makes an RCI External Exchange Reservation three (3) or more days prior to the check-in date and the Reservation is cancelled before the end of the next RCI business day ( RCI business day shall be deemed to be regular business P12 hours of operation for RCI s Carmel, Indiana Call Center), the Member will receive a full refund of the transaction fee paid for the cancelled RCI External Exchange Reservation. b. If a Member makes an RCI External Exchange Reservation three (3) or more days prior to the check-in date and the Reservation is cancelled after the end of the next RCI business day, the Member shall not be entitled to any refund of the transaction fee paid for the cancelled RCI External Exchange Reservation. c. If a Member makes an RCI External Exchange Reservation two (2) or less days prior to the check-in date, the Member shall not be entitled to any refund of the transaction fee paid for the cancelled RCI External Exchange Reservation regardless of when the cancellation occurs. iii. Refund of RCI Points. Upon cancellation of an RCI External Exchange Reservation, the Member may receive a refund of the RCI Points used to make the Reservation according to the following schedule: If a Member confirms an RCI External Exchange Reservation fifteen (15) or more days prior to the check-in date and the Reservation is cancelled before the end of the next RCI business day, 100% of the RCI Points used to make the Reservation will be refunded to the Member s RCI Points account. If a Member confirms an RCI External Exchange Reservation fourteen (14) days or less prior to the check-in date and the Reservation is cancelled before the end of the next RCI business day, 25% of the RCI Points used to make the Reservation will be refunded to the Member s RCI Points account. If a Member cancels an RCI External Exchange Reservation after the end of the next RCI business day, then the Member may receive a refund of the RCI Points used to make the Reservation in accordance with the following: 120 Days or greater 100% refunded 119 Days to 61 days 75% refunded 60 Days to 30 days 50% refunded 29 Days or less 25% refunded Refunded Points return to the Use Year from which they originated unless that Use Year has passed. In such case, the RCI Points will be treated as autosaved and will return to the current Use Year. No fee will be assessed for this Transaction. If the RCI Points associated with the confirmation being cancelled would have previously expired, the Member will forfeit the RCI Points. C. RCI Vacation Protection offers the opportunity to protect a Member s RCI Points if an exchange vacation is cancelled. RCI Vacation Protection may be

purchased up to 30 days after confirmation or up to 21 days before the start date of the Reservation, whichever occurs first. RCI Vacation Protection may be cancelled for a refund up to 14 days after purchase so long as such cancellation occurs more than 14 days before the start date of the Reservation. Vacation Protection is not available for Points Partner transactions. 15. WAIT LISTS. The Network Administrator may establish wait lists for particular Vacation Time. To be eligible to be placed on a wait list, the Member must be current in the payment of Network Dues and all other amounts due and payable pursuant to these Terms and Conditions. The Network Administrator reserves the right to limit the number of Members that may be on any wait list. 16. GUESTS/GUEST CERTIFICATES. A Member may give deposited Vacation Time or a Confirmation or certain other benefits of membership, as RCI in its discretion may permit from time to time, to a friend or family member by purchasing a Guest Certificate from RCI at the then-current Guest Certificate fee on the date of issue. Confirmations for guests must be initiated by the Member, and Confirmations may be made in the guest s name. It is the responsibility of the Member to forward any and all correspondence and information regarding Guest Certificates and Confirmations to the guest. Guest Certificates may only be used by the individual(s) named on the certificate and their guests and may not be used by persons under the age of twenty-one (21). Guest Certificates may not be used for any commercial purpose, or monetary or other consideration, by Member or guest, including with limitation, auction, barter, rental, raffle or sale of the Guest Certificate or the underlying exchange. Their use is also subject to any conditions, restrictions or limitations which may be imposed by the Host Resort. Members are responsible for all acts and omissions of their guests and for any damage caused or expenses incurred by their guests. RCI reserves the right, in its sole discretion (without refund or credit), to revoke a Confirmed Exchange or Guest Certificate, terminate or suspend the membership of the relevant Member, or deny access to any of the products or services offered in connection with membership in the event a Member or the Member s guests, or the holder of a Guest Certificate breach these Terms and Conditions. 17. NETWORK PARTNER INVENTORY. The Network Administrator anticipates the offering of Points Partner Inventory and may make such inventory available, at its sole discretion which may change from time to time without advance notice to Members. Members of the Network may have the option to use a portion of their RCI Points to book, among other things, airline reservations, rental cars, and hotel stays as may be made available by the Network Administrator from time to time and will be subject to additional terms and use year limits, blackout dates and points use maximums may apply. Each of these Transactions may require a combination of fees, cash paid and RCI Points used, and may be subject to applicable taxes. Please see complete and additional terms and conditions of the RCI Points Partner Program available on line at www.rci.com. If any conflict exists between these Terms and Conditions and the terms and conditions of the RCI Points Partner Program found on line at www.rci.com, the terms and conditions of Points Partner Program shall take precedence. 18. ALTERNATIVE MEMBERSHIP OPTIONS. From time to time the Network Administrator may offer one (1) or more membership tiers, which may include additional or alternative membership options, benefits and/or fees. Such benefits may include but are not limited to last minute unit upgrades, advance access to unique acquired inventory, waiver of savings or certain fees, and rebates and discounts on other products and services. Fees and availability of such benefits shall be determined by the Network Administrator in its sole discretion and may change from time to time without advance notice to the Member. The Network Administrator may discontinue offering or administering any such membership options beyond their initial term. Benefits may be offered on a first-come, first-serve basis and the Network Administrator, in its sole discretion, may suspend or otherwise limit any such benefits at any time. Alternative membership options may be subject to additional terms and conditions. Other restrictions may apply. Alternative membership transactions may require a combination of fees, cash paid and RCI Points used, and may be subject to applicable taxes. Some products and services may be provided by third parties and may be subject to separate terms and conditions of such third parties. RCI does not warrant and is not liable for the availability, value or safety of any such third party benefits. If alternative membership options are available to Members, terms and conditions of such alternative membership options, including pricing information can be found at www.rci.com 19. REPRESENTATIONS/WARRANTIES/ ACKNOWLEDGMENTS. A. Authority. The Member and the persons signing the Network Participation Agreement for the Member have full power and authority and have been duly authorized, to enter into and perform or cause performance of the Member s obligations under the before-mentioned Network Participation Agreement. If applicable, the Member has obtained all necessary approvals of Member s owners, Board of Directors and lenders. Each Member agrees that by signing the Network Participation Agreement, the Member represents and P13

warrants to the Network Administrator that: (1) The Member has the legal right to use and assign the use of the Vacation Time and all other resort amenities to which the Member has access; (2) the Vacation Time has not been and will not during the term of the Member s participation be assigned, offered or made available to any third party outside the Network; (3) the physical accommodations in which the Member owns Vacation Time are in good and usable condition during the term of the Member s participation; and (4) all Vacation Time Expenses arising during the term of the Network Participation Agreement have been paid or will be paid by the Member when due. B. Status. To the best of Member s knowledge, neither Member, Member s Guests, Member s owners (if Member is an entity), Member s officers, managers, directors or employees nor anyone else affiliated or associated with Member, whether by common ownership, by contract, or otherwise, has been designated as, or is, a terrorist, a Specially Designated National or a Blocked Person under U.S. Executive Order 13224, in lists published by the U.S. Department of the Treasury s Office of Foreign Assets Control, or otherwise. C. No Misrepresentations or Implied Covenants. All written information Member submits to the Network Administrator about the Member s Home Resort, Member, Member s owners, or the finances of any such person or entity, was or will be at the time delivered and when Member signs the Network Participation Agreement, true, accurate and complete, and such information contains no misrepresentation of a material fact, and does not omit any material fact necessary to make the information disclosed not misleading under the circumstances. There are no express or implied covenants or warranties, oral or written, between the Network Administrator and Member except as expressly stated in these Terms and Conditions. D. Reservations. Each Member acknowledges that options available to Members for Reservations and the procedures and conditions governing Reservations are set out in the various Network Documents, copies of which each Member has received. Such procedures and conditions are incorporated herein in their entirety. Each Member further acknowledges that his/her participation in the Network and use of Units at Affiliated Resorts and of Points Partner Inventory are subject to the Network Documents. E. RCI Subscribing Member. As an RCI Points Subscribing Member, each Member acknowledges that he/she has access to the Network External Exchange Program in accordance with the Network Documents. Each Member acknowledges that, such access, use, occupancy and enjoyment of Vacation Time in and through the External Exchange Program is also governed by the Terms and Conditions of RCI Weeks Subscribing Membership, which may change from time to time in accordance with its terms. Each Member acknowledges that such Member has received a copy of the foregoing terms and conditions prior to executing the Network Participation Agreement. F. Units. Each Member acknowledges that, except for a confirmed Reservation during the Home Week Priority Period, the Unit for which a Member receives a confirmed Reservation may differ in unit size, design, furnishings, amenities, facilities and accessibility for individuals with disabilities from the Unit associated with such Member s Vacation Time. Each Member acknowledges that it is the sole responsibility of the owner, lessor, lessee or operator of any Affiliated Resort or the providers of Points Partner Inventory, and not the responsibility of the Network Administrator, to ensure its accommodations, facilities and amenities are accessible to and usable by individuals with disabilities. 20. INDEMNIFICATIONS. The Member will indemnify, defend and hold the Indemnitees harmless, to the fullest extent permitted by law, from and against all losses and expenses, incurred by any Indemnitee for any investigation, claim, action, suit, demand, administrative or alternative dispute resolution proceeding, relating to or arising out of any transaction, occurrence or service at a resort, or involving personal injury or property damage, any breach or violation of any contract or any law, regulation or ruling by, or any act, error or omission (active or passive) of, the Member, any party associated or affiliated with the Member or any of the owners, officers, managers, directors, employees, agents or contractors of the Member or the Member s affiliates. The Member has no obligation to indemnify an Indemnitee for damages to compensate for property damage or personal injury if a court of competent jurisdiction makes a final decision, not subject to further appeal, that the Indemnitee engaged in willful misconduct or intentionally caused such property damage or bodily injury. The Member will respond promptly to any matter described in the preceding paragraph, and defend the Indemnitee. The Member will reimburse the Indemnitee for all costs of defending the matter, including reasonable attorneys fees, incurred by the Indemnitee if the Member s insurer or the Member does not assume defense of the Indemnitee promptly when requested, or separate counsel is appropriate, in the Network Administrator s discretion, because of actual or potential conflicts of interest. Indemnitee has the right to retain counsel of its choosing. The Network Administrator must approve any resolution or course of action in a matter that could directly or indirectly have any adverse effect on the Network Administrator, or could serve as a precedent for other matters. 21. ADMINISTRATION. A. Records, Statements. The Network Administrator will maintain records of all P14

Reservations, use and allocation of RCI Points. The Network Administrator will make available to each Member upon request a Points Statement, on a Use Year basis, which shall contain the activity of the Member for the prior Use Year. B. Late Check-In. Unless a Member or guest informs the check-in desk at a particular resort or the applicable Points Partner Inventory provider that they anticipate checking in later than the arrival time designated within a confirmed Reservation, the arriving Member or guest risks forfeiture of such Reservation and the RCI Points used to make such Reservation, consistent with Section 14. C. Applicable Limitations and Requirements. Various limitations exist for Affiliated Resorts and with respect to Points Partner Inventory (e.g., occupancy limitations, baggage limitations) and requirements related to Units at Affiliated Resorts or Points Partner Inventory provided with optional or mandatory All Inclusive Packages. Each Member and guest shall observe applicable occupancy limitations, and shall comply with any terms and conditions set forth by the respective Affiliated Resort and/or Points Partner Inventory provider. D. Relationship Between the Network Administrator and Affiliated Resort. i. The Network, the Affiliated Resorts and the providers of Points Partner Inventory are separate and distinct entities and the services provided by the Network are separate and distinct from the products or services that are sold by or on behalf of the Affiliated Resort or Points Partner Inventory provider. While the Network Administrator may have entered into a Network Affiliation Agreement with a Home Resort or Home Group or an agreement with a Points Partner Inventory provider, the Network Administrator does not have the ability to control the operations or the access to facilities (including access for individuals with disabilities) of the Home Resort or Home Group or the Points Partner Inventory provider. Thus, the Network Administrator is not responsible or liable for the actions or omissions of Affiliated Resorts or of Points Partner Inventory providers. ii Each Affiliated Resort is a party to an agreement with the Network Administrator. These Terms and Conditions are separate and distinct from the Network Administrator s agreement with the Affiliated Resort. iii. The Network Administrator and the Affiliated Resort, developer, marketer or seller of Vacation Time are separate and distinct entities, and the Network and the products or services that are sold by or on behalf of the Affiliated Resort, including but not limited to Vacation Time, are also separate and distinct. Neither the Network Administrator nor the Network Depository own, develop, market or sell Vacation Time, nor are either one engaged in a joint venture, partnership or agency relationship with the Affiliated Resort, developer, marketer or seller of Vacation Time. Further, these Terms and Conditions are separate and distinct from each Member s agreement with the Affiliated Resort, developer, marketer or seller of Vacation Time. iv. If the Affiliated Resort fails to perform the obligations in its agreement with the Network Administrator, or if that agreement ends for any reason, the resort may lose its Affiliated Resort status. The Network Administrator may, at its option, continue to honor existing memberships for the remainder of their term despite loss by the Affiliated Resort of its status as an Affiliated Resort. The Network Administrator may, at its option, also cancel existing Vacation Time or the relevant RCI Points following the loss by the resort of its status as an Affiliated Resort. v. Each Member s decision to purchase Vacation Ownership should be based primarily upon the benefits to be gained from the ownership, use and enjoyment of such Member s Vacation Time at the Affiliated Resort and not upon the anticipated benefits of the Network. The Affiliated Resort at which a Member purchases Vacation Ownership is solely responsible for its financial viability and the quality of its accommodations, facilities, amenities, management and services, and compliance with all laws, rules and regulations, including, but not limited to, ensuring its accommodations, facilities and amenities are readily accessible to and usable by individuals with disabilities. Each Member acknowledges that the Network Administrator is not the owner, lessor, lessee or operator of any Affiliated Resort or Points Partner Inventory. E. Information on Affiliated Resorts and Partner Inventory. Information about Affiliated Resorts and Points Partner Inventory provided by the Network is based on information obtained from Affiliated Resorts and Points Partner Inventory providers. While the Network Administrator will make reasonable efforts to ensure that information provided by the Network to the Members is accurate and complete as of the date such information is published by the Network, the Network Administrator expressly disclaims any liability for inaccurate, incomplete or misleading information and has no obligation to update such information concerning any Affiliated Resort or Points Partner Inventory provider. F. Cancellation by Network Administrator. Reservations may be cancelled by the Network Administrator with respect to any resort which ceases to be an Affiliated Resort or any Points Partner which ceases to offer Points Partner Inventory in this program. Upon any such cancellation, the applicable RCI Points will be returned to the Member. The Network Administrator may also cancel a Reservation due to an Event of Force Majeure (as defined in Section 29) which renders the Unit or Unit of Points Partner Inventory uninhabitable or unusable. Upon P15

any such cancellation, the Member will not receive a refund of RCI Points used or fees paid for that Reservation, and the use rights associated with the Vacation Time will remain the property of RCI. In addition, the Network Administrator may cancel a Reservation following the suspension or termination of a Member s membership in the Network. Upon any such cancellation, the Member will not receive a refund of RCI Points used for that Reservation or fees paid to RCI for that Reservation and the use rights associated with the Vacation Time will remain the property of RCI. G. Withdrawal of Benefits. The Network Administrator may withdraw benefits, including Vacation Time at Affiliated Resorts and Units of Points Partner Inventory, or suspend or terminate the affiliation of Home Resorts or Home Groups with the Network in accordance with the following: i. In the event an Affiliated Resort is not operated in a commercial or reasonable manner that enables it to meet its obligations or is otherwise not in compliance with the rules, regulations, policies and procedures of the Network or if there is a termination of the Network Affiliation Agreement; ii. In the event a resort is destroyed or condemned or otherwise not suitable for use; iii. In the event the legal existence of the property regime at the resort is terminated; iv. In the event that the Network Affiliation Agreement is terminated or expires, or the Affiliated Resort is otherwise terminated from its relationship with the Network, the Affiliated Resort will no longer be considered an Affiliated Resort. In such event, the Network Administrator shall use commercially reasonable efforts to seek to make available alternative accommodations for Members whose confirmed Reservations are cancelled; provided, the Network Administrator has no obligation to reimburse a Member for any cost or expenses or to otherwise satisfy specific requests; v. In the event that the agreement between the Points Partner Inventory provider and the Network either expires or is terminated; or vi. In the event that the Network Administrator terminates the operation of the Network. H. Re-Enrollment. If the Member s membership in the Network terminates or is terminated by the Network Administrator for any reason, and the Member desires re-enrollment in the Network, the Member may be required to execute a new Network Participation Agreement and pay all applicable fees that may be required by Network Administrator. The Member s re-enrollment is subject to the Network Administrator s right to refuse any Network P16 Participation Agreement and the payment of the applicable fees thereto. A re-enrollment fee, plus network dues for the current Use Year, will be payable. I. Non-Commercial Use. Use of the Network and/or RCI Points by a guest or a Member may not be for commercial purposes or monetary or other consideration, including, without limitation, auction, barter, rental, raffle or sale of an exchange, Reservation or Guest Certificate for example. Such use is grounds for immediate termination of Member s membership and cancellation of any exchange, Reservation or other benefits of the Network without prior suspension of or notice to the Member. J. Failure to Pay. Network Dues for a Use Year shall be paid annually on or before the date specified in the Participation Agreement. If such dues are not paid within thirty (30) days after the date specified in the Participation Agreement, Network Dues shall accrue interest at 1-1/2% per month (18% per annum) or the maximum permitted by law, whichever is less, and a late fee in the amount of $10.00 USD will be added to the amount of delinquent dues and interest. Member or guest Transactions fees and other fees are due and payable at the time the Transaction occurs and the Network Administrator may void any Transaction where payment is refused or returned. Failure to pay may lead to termination of membership. K. Responsible Use, Additional Fees, Damages. Accommodations into which Members and guests have exchanged, or to which Members and guests otherwise have access shall be used in a responsible, careful and secure manner and in accordance with the rules and regulations of the Affiliated Resort or accommodating party. Members and guests are solely responsible for payment of all applicable taxes, personal expenses, utility charges, security deposits, All- Inclusive Package fees and other fees or charges levied with respect to Vacation Time at an Affiliated Resort or a Unit of Points Partner Inventory. Members are solely responsible for any damages, theft or loss and/or expenses incurred or caused by themselves or their guests. L. Monitoring. Communications to and from representatives of the Network may be monitored and/or recorded for training, quality control purposes and other lawful purposes. M. Additional Products, Services. The Member acknowledges that the Network Administrator or its affiliates may on occasion offer products or services through solicitations via mail, email, telephone (including automated dialing equipment and artificial and prerecorded messages), facsimile machine and other medium. The Member hereby consents and expressly requests to receive such solicitations and advertisements from the Network Administrator and its affiliates, at the telephone and facsimile number(s),

and mailing and email address(es) provided by the Member to the Network Administrator. The Member acknowledges that such consent and request to receive solicitations continues, whether or not the Network Participation Agreement is terminated or expires, for the maximum period of time permitted by law or until the Member expressly withdraws such consent and request. N. Release of Information. The Member authorizes: i. the Affiliated Resort or other applicable entity to release to the Network Administrator any information the Network Administrator requests related to such Member s payment or failure to pay Vacation Time Expenses. ii. the Network Administrator to release information with respect to such Member s use of RCI Points allocated to Member s account to the Affiliated Resort(s) at which such Member owns Vacation Time. Additionally, the Member authorizes the Network administrator to release information relating to the Member and Member s ownership of Vacation Time to any Affiliated Resort or Accommodation Provider at which Member makes a Reservation of Vacation Time. The Member acknowledges that such authorization continues, whether or not the Member s subscribing membership is terminated or expires, for the maximum period of time permitted by law or until the Member expressly withdraws such authorization. O. Outstanding Vacation Time Expenses. The Member acknowledges that if such Member fails to pay Vacation Time Expenses, the Network Administrator may in its sole discretion pay some or all of the outstanding Vacation Time Expenses and may treat the amount of Vacation Time Expenses paid by the Network Administrator as part of such Member s additional Network Dues which have not been paid. 22. MEMBER SUSPENSION AND TERMINATION. A. The Network Administrator may (without refund or credit) revoke a confirmed Reservation, suspend or terminate a membership (without first being required to suspended or allow for a cure period) or a particular Network Participation Agreement, or deny access to any of the products or services offered in connection with a membership upon the occurrence of any of the following: i. Breaches of any provision of these Terms and Conditions or any other Network Document by the Member or its guest(s) pursuant to a Guest Certificate or otherwise; ii. Failure to pay any fees due and owing respecting the Network or any Affiliated Resort, including homeowner association fee(s) and assessment(s) at such resort by the Member; iii. Failure to remain current in the payment of any purchase money obligations respecting Vacation Time deposited by that Member; iv. Misuse, as determined at the Network Administrator s sole discretion, of a Reservation by the Member or its guest; or v. Failure of the Member s Home Resort or the Affiliated Resort associated with the Member s deposited Vacation Time to remain in good standing with the Network. B. Suspension. If the Member is suspended, the Member may not avail him or herself of the benefits of the Network, inclusive of the following: i. The Member may not obtain Reservations; ii. The Network Administrator may cancel confirmed Reservations and remove the Member from any wait lists; and iii. The Member may not be allocated RCI Points for a respective Use Year during suspension. The suspension of use of RCI Points shall neither release a Member nor his/her Vacation Time from the Network Participation Agreement. C. Termination. In addition to the above, the Network Administrator may terminate a membership or a particular Network Participation Agreement upon the occurrence of any of the following: i. Termination or expiration of all of the Member s outstanding Network Participation Agreements; ii. Following suspension if the Member fails to cure the reasons for such suspension within such time as determined by the Network Administrator, however, suspension is not a condition precedent to Termination, therefore a Member may be terminated without first being suspended; iii. In the event that the Network terminates, all memberships shall terminate; iv. If the Affiliated Resort at which the Member deposited his/her Vacation Time is no longer an Affiliated Resort; v. If required to do so by any local, state or federal governmental entity (or its equivalent if a foreign country) and/or by any laws, rules or regulations that may apply; or vi. for any other reason in the sole discretion of the Network Administrator. P17

Notwithstanding the suspension or termination of the Member, all fees and other amounts owing to the Network Administrator by such Member shall be immediately due and payable to the Network Administrator. Upon suspension or termination, use rights associated with the Vacation Time will remain subject to the assignment to the Network pursuant to the terms of the relevant Network Participation Agreement, unless released by the Network Administrator. If the Member or his/her guest fails to comply with these Terms and Conditions or fails to pay any sums owed to the Network Administrator, any Affiliated Resort, accommodating party, RCI Travel or any other entity affiliated with the Network Administrator, or causes property damage to any Affiliated Resort or accommodating party, all outstanding confirmations or Guest Certificate may be revoked, and the Member s membership may be suspended or terminated, or access may be denied to any of the products or services offered by the Network Administrator without further obligation. In the event of a suspension based upon non-payment, the Member s exchange privileges will remain suspended until all sums that are owed are paid. In the event of termination, a reenrollment fee will be required to reactivate the membership. In addition, the Network Administrator may cancel a subscribing membership if required to do so by any local, state or federal governmental entity (or its equivalent if a foreign country) and/or by any laws, rules or regulations that may apply. Furthermore, the Network Administrator may cancel a subscribing membership for any other reason in its sole discretion. In the event the Network Administrator terminates the RCI Points Exchange Program, then, upon such termination, all memberships shall terminate and there will be a prorata refund of any prepaid Network Dues. 23. WITHDRAWING, TRANSFERRING OR RENEWING A MEMBERSHIP. A. Withdrawals. If a Member wishes to withdraw and terminate participation in the Network, he or she may do so and may be entitled to a prorata refund. Please contact an RCI Guide for complete withdrawal procedures and additional items required by RCI in order to complete the termination, which may include but not be limited to additional signed documents by Member(s). Annual dues may be prorated based on the application of the price of a single year membership to each year, or portion of a year, of membership. The basis for the prorated calculation will be one-twelfth (1/12) the cost of a single year membership at the time of cancellation ( Cancellation Rate ), even if a multi-year membership was purchased. The amount of the refund will be calculated by multiplying the Cancellation Rate by the number of months of membership, and then deducting that amount from the actual amount paid for the membership. The difference, if any, will be refunded to the party who made the payment. For the P18 purposes of this calculation, a membership lasts until the date of cancellation. B. Transfers. If a Member sells or otherwise transfers his/her Vacation Ownership, the Member may also transfer the remainder of the existing term of his/her RCI Points Subscribing Membership to the transferee, subject to the approval of the Network Administrator. The Member must submit the properly executed membership transfer application, pertinent ownership information, and the applicable membership transfer fees to the Network Administrator. The Network Administrator reserves the right to refuse to accept any membership transfer application and applicable fees. If the Member conveys his/her Vacation Ownership, the transferee will acquire any Vacation Time subject to any outstanding Reservations which exist in respect to the original Member s Vacation Time. C. Renewals. When enrolled in Automatic Renewal Billing, Network Dues are automatically invoiced or charged to the Member s credit card at the applicable rate at membership expiration. The Network Administrator will provide the Member with at least seven (7) days prior written or electronic notice of upcoming renewal, and unless directed otherwise, then renews membership for an additional term equal to three (3) years, so long as the Member is otherwise eligible for membership. Payment of the Network Dues constitutes acceptance of a new membership term equal to three (3) years. Failure to pay membership for a renewal term may result in termination of membership and may require additional payment to reinstate membership. 24. LIMITATION OF LIABILITY. The Network s liability, including the liability of the Network Administrator, to a Member or guest for any loss, injury or damage resulting from their use of or inability to use the Network or any non-network related programs and services offered in connection with the Network shall be limited to the fees paid to the Network Administrator, if any, for the relevant use. In no case shall the Network or the Network Administrator be liable for special, consequential, incidental or indirect damages. Non-Network related programs and services, including but not limited to Points Partner Inventory and all Inclusive Packages, offered through the Network Administrator or by third parties with permission of the Network Administrator, are subject to separate terms and conditions and may be changed, eliminated or added to without prior notice to Members. The Network Administrator shall not be responsible for the acts or omissions and/or representations (whether oral or written) of any third parties (including but not limited to Affiliated Resorts and Points Partners). This limitation applies regardless of the form of action whether in contract, tort or otherwise. This limitation of liability shall also apply to the Network Administrator and all affiliated companies, successors, assigns and agents of the Network Administrator, including but not limited to

Wyndham Worldwide Corporation and Wyndham Worldwide Finance Holding Corporation. 25. RIGHTS OF NETWORK ADMINISTRATOR. The Network Administrator may waive or modify the application of any requirement, including Transaction fees, otherwise existing in the Network Documents at its sole discretion. When a Member uses his/her RCI Points to make a Reservation of Points Partner Inventory, those RCI Points are assigned to the Network Administrator for its use in promoting and operating the Network. The Network Administrator may use those RCI Points to make a Reservation of Vacation Time, to make those RCI Points available for Participants, or may otherwise use or dispose of those RCI Points at its sole discretion. Based upon anticipated demand, the Network Administrator may exchange Vacation Time in the Network Depository for Vacation Time in the External Exchange Program. Further, the Network Administrator may, at any time, dispose of Vacation Time it reasonably determines will likely go unused, Vacation Time that is not the subject of a Reservation ninety (90) days prior to the start date of that Vacation Time and Vacation Time acquired by the Network Administrator. The Network Administrator may, in its sole discretion, permit an Affiliated Resort to make a Reservation or Deposit and provide the Reservation or Deposit to a Member. Finally, the Network Administrator may, in its sole discretion, accept or reject any Network Participation Agreement. 26. ASSIGNMENT OF RIGHTS. A. Rights/Obligations. During the entire period in which a Member is enrolled as a Member of the Network, the Member hereby assigns all rights in respect to the Vacation Time identified to the Network Administrator for use and enjoyment of the Network Administrator, the Network Depository and the Members within the RCI Points Network in accordance with the Network Documents. Each Member shall retain title to the Vacation Ownership, subject to such assignment. All Vacation Time Expenses shall remain the applicable Member s obligation, and are not assigned or delegated to or assumed by the Network Administrator and the applicable Member remains responsible for the payment of all Vacation Time Expenses. B. Network Documents. The purpose of the assignment is to grant to the Network Administrator all rights of use, enjoyment and occupancy as relate to the Vacation Time during the period in which a Member is enrolled as a Member of the Network. Members shall have such rights to use the Vacation Time as set forth in the Network Documents. Members shall not disturb the rights of the Network Administrator, the Network Depository, or any Member to use, enjoy, occupy and otherwise perform their respective rights, privileges and duties in respect to the Vacation Time, or disturb the rights of the Network Administrator, the Network Depository or any Member in respect to use and enjoyment of the assigned rights. Each Member s rights of use, occupancy and enjoyment of the Vacation Time during the period in which a Member is enrolled as a Member of the Network shall be as set forth in and are subject to the Network Documents. Each Member acknowledges that those documents may be changed from time to time in accordance with their terms. The Network Administrator hereby subordinates the rights assigned to the Network Administrator to any first mortgage and to each Member s Home Resort Owners Association assessment lien. C. Assignment of Deposited Vacation Time. By depositing Vacation Time in the Network Depository, the Member relinquishes all rights to the use of that Vacation Time and agrees that such deposited Vacation Time may be used by the Network Administrator to conduct exchanges, inspection visits, rentals, promotions, sale, marketing and for other purposes at the Network Administrator s sole discretion, including use in other exchange or accommodation programs. The Network Administrator reserves the right to assign a Member's deposited Vacation Time to others, whether or not the Member has made a Reservation. 27. NETWORK INTEGRITY. In addition to all other rights provided to the Network Administrator in the Network Documents, the Network Administrator shall have the right to take such actions, as determined by the Network Administrator in its discretion, to ensure the continuing integrity of the Network. Such actions may include, but not be limited to, restricting Members ability to access Points Partner Inventory, restricting the timing or amount of RCI Points that may be saved, borrowed, transferred or rented, and adjusting the RCI Point value of Vacation Time and of Units of Points Partner Inventory. 28. AMENDMENT. RCI may amend the Network Documents at any time in its sole discretion, in writing, upon compliance with the notice provisions set forth in Section 30.C. Such amendment to the Network Documents will be effective upon publication, posting on www.rci.com, mailing or by electronic mail. 29. UNAVAILABILITY, FORCE MAJEURE, AND COMPLAINTS. A. If lodging or accommodation becomes unavailable due to continued or unauthorized use by an occupant or overbooking at the Affiliated Resort, or for any reason other than a Force Majeure event, RCI will make commercially reasonable efforts to locate and provide the Member with an equivalent alternative accommodation from its Inventory located within the same geographic vicinity or a similar location. RCI shall have no additional liability to the Member once it makes such commercially reasonable efforts. B. If RCI is prevented, hindered or delayed in the performance of any obligation to a Member (including P19

but not limited to, providing lodging or other accommodations) due to an Event of Force Majeure, then RCI shall be excused from further performance upon notice to the affected Member stating the reason for such nonperformance, without obligation to refund or return any amounts that were paid by the affected Member before such notice. The term Event of Force Majeure shall mean: i an act of God or of a public enemy, fire, explosion, perils of the sea, lightning, earthquake, storm, flood, declared or undeclared war, revolution, insurrection, riot, act of piracy, act or threat of terrorism, sabotage, blockade, embargo, accident, epidemic or quarantine; ii. action by a governmental authority, a court, appointment of a receiver or mortgagee in possession, or an assignment for the benefit of creditors; iii. a strike, lockout or other labor unrest resulting from any cause and whether or not the demands of the employees involved are reasonable or within RCI s power to concede; or iv. any other cause or circumstance beyond RCI s reasonable control. C. Complaints about accommodations or services provided at an Affiliated or Host Resort or by an Accommodating Party should be made at the earliest opportunity to a person of authority at the Affiliated Resort or Accommodating Party. If this does not produce a satisfactory result, the Member should contact the nearest RCI servicing office by calling 1-800-338-7777, or contact RCI s Customer Care department online at www.rci.com. Select the Contact RCI link at the bottom of the screen, click on the United States and Canada link, then click on Send us an e-mail and fill out the online Feedback Form. Alternately, the Member should send an e-mail directly to feedback@rci.com, or send a letter to RCI s Customer Care department at P.O. 75 Box 80229, Indianapolis, Indiana 46280-0229. Please provide full details of the complaint within thirty (30) days of your return. 30. LEGAL MATTERS. A. Partial Invalidity. If all or any part of a provision of these Terms and Conditions violates the law of your state (if it applies), such provision or part will not be given effect. If all or any part of a provision of these Terms and Conditions is declared invalid or unenforceable, for any reason, or is not given effect by reason of the prior sentence, the remainder of the Terms and Conditions shall not be affected. However, if in the Network Administrator s judgment, the invalidity or ineffectiveness of such provision or part substantially impairs the value of these Terms and Conditions to the Network Administrator, then the Network Administrator may at any time terminate Member s membership by written or electronic notice to Member without penalty or compensation owed by either party. B. Waivers, Modifications and Approvals. All modifications, waivers, approvals and consents of or under these Terms and Conditions by the Network Administrator must be in writing and signed by the Network Administrator s authorized representative to be effective. The Network Administrator s silence or inaction will not be or establish a waiver, consent, course of dealing, implied modification or estoppel. If the Network Administrator allows any Member to deviate from these Terms and Conditions, as confirmed in writing, the Network Administrator may insist on strict compliance by that Member at any time after written or electronic notice. C. Notices. Notices to Members will be effective if delivered in writing by mail, or by electronic mail to an email address provided by the Member to RCI, or by publication on RCI s website at www.rci.com or by printed publication in RCI s ENDLESS VACATION magazine or the RCI Directory of Affiliated Resorts. Member consents to receive electronic mail from RCI. Notices shall be deemed given on the date sent to or posted for Members. Notice to RCI will be effective if delivered in writing by mail, or by electronic mail, at the addresses set forth in Section 6.F. Notices shall be deemed effective on the date received by RCI. D. Privacy Policy. Member acknowledges that Member s information is subject to RCI s privacy policy which is available at www.rci.com and can also be obtained in printed form from RCI upon Member s telephone, mail or email request. E. Miscellaneous. These Terms and Conditions are exclusively for the benefit of the parties. There are no third party beneficiaries. No agreement between The Network Administrator and anyone else is for Member s benefit. The section headings in these Terms and Conditions are for convenience of reference only. 31. CHOICE OF LAW; VENUE; DISPUTE RESOLUTION. A. Governing Law. These Terms and Conditions and the Network will be governed by and construed under the laws of the State of New Jersey, without regard to its conflicts of law principles. B. Jurisdiction. Each Member consents and waives any objection to the exclusive personal jurisdiction of and venue in the New Jersey state courts situated in Morris County, New Jersey and the United States District Court for the District of New Jersey for all disputes arising out or relating to the Network Administrator or any relationship between any Member or any guest of a Member, and RCI or any of the Indemnitees. P20

C. WAIVER OF JURY TRIAL. THE PARTIES, FOR THEMSELVES AND FOR THEIR SUCCESSORS AND ASSIGNS, WAIVE ANY RIGHT TO A JURY TRIAL FOR ANY ACTION ARISING OUT OF OR RELATING TO THE PROGRAM OR THE RELATIONSHIP BETWEEN ANY MEMBER OR ANY GUEST OF A MEMBER, AND RCI OR ANY OF THE INDEMNITEES. D. Legal Fees. If any legal action is initiated by a Member or guest or by RCI pertaining, directly or indirectly, to these Terms and Conditions or RCI in general, and RCI prevails, that Member or guest shall, without limitation, pay all costs incurred by RCI in defending such action, including reasonable attorneys fees, paralegal fees and court costs. E. Special Acknowledgments. Member acknowledges the following statements to be true and correct as of the date Member signs the Network Participation Agreement, and to be binding on Member: i. No Representation. Neither the Network Administrator nor any person acting on behalf of the Network Administrator has made any oral or written representation or promise to Member on which Member is relying to execute the Network Participation Agreement that is not written in these Terms and Conditions. Member releases any claim against the Network Administrator or the Network Administrator s agents based on any oral or written representation or promise not stated in these Terms and Conditions. 32. TRADEMARKS. ENDLESS VACATION, CONDOMINIUMS INTERNATIONAL, WYNDHAM EXCHANGE AND RENTAL, WYNDHAM WORLDWIDE CORPORATION and RCI and any respective marks and designs are trademarks or service marks that may not be used without the prior written permission of the owners of such marks. Other brand names may be trademarks or service marks of their respective owners. 33. ENTIRE AGREEMENT. The Network Documents together with the Terms and Conditions of the RCI Points Partner Program found on line at www.rci.com constitute the entire agreement between the parties hereto with respect to the subject matter set forth herein and supersede all previous communications, representations, or agreements, either oral or written, between the parties relating to such subject matter. P21

LIST Resorts with 0 Units AULANI, DISNEY VACATION VILLAS 92-1185 ALI'INUI DRIVE KAPOLEI, OAHU, HI 96707 DE SOLEIL 5625 WEST TROPICANA AVE LAS VEGAS, NV 89103 MELIA THE RESERVE @ PARADISUS PALMA REAL PLAYAS DE BAVARO PUNTA CANA, DOMINICAN REPUBLIC OPTIMA BLUEGREEN ODYSSEY DELLS 1701 WISCONSIN DELLS PKWY P.O. BOX 269 WISCONSIN DELLS, WI 53965 CORAL SANDS NORTH 66 POPE AVE HILTON HEAD ISLAND, SC 29928 FISHERMAN'S COVE LAKESIDE 13260 FM 1097 W WILLIS, TX 77318 FOXBOROUGH 235 EXPRESSWAY LANE BRANSON, MO 65616 FUN IN THE SUN YACHT AVE. KUKULCAN KM.4 LOC F3 EMBARCADERO PLAYA LINDA ZONA HOTELERA CANCUN, QROO 77500 GEVC @ GRAND DESTINATIONS VAC 897 MESQUITE BLVD PO BOX 1734 MESQUITE, NV 89024 GEVC @ HAVASU DUNES 620 S LAKE HAVASU AVE. LAKE HAVASU CITY, AZ 86406 GEVC AT VISTA MIRAGE 400 S. HERMOSA DRIVE PALM SPRINGS, CA 92262 HAMPTON INN AND SUITES AT DORAL 1600 NW 41ST STREET MIAMI, FL 33172 HOLIDAY SAIMAA RAUHANRINNE 1 RAUHA, 55320 FINLAND HOTEL DE'L'EAUE VIVE III 315 TCHOUPITOULAS ST NEW ORLEANS, LA 70130 HOTEL UNIK LOTE 11, MANZANA 55 SUPER MANZANA 9 FRACC. DEL SURESTE ISLA MUJERES, QROO 77400 KAHANA BEACH 4221 LOWER HONOAPIILANI KAHANA, MAUI, HI 96761 KAHANA VILLA 4242 LOWER HONOAPIILANI KAHANA, MAUI, HI 96761 KONA ISLANDER 75-5778 KUAKINI HWY KAILUA-KONA, HI 96740 LAS TERRAZAS RANCHO CERRO COLORADO LOTES 19 Y 20, MANZANA 5 K17.5 CARR TRANSPENINSULA SAN JOSE DEL CABO, BCS 23410 MAUI BANYAN VACATION 2575 SOUTH KIHEI ROAD KIHEI, MAUI, HI 96753 MAUI BEACH VACATION 515 SOUTH KIHEI ROAD KIHEI, MAUI, HI 96753 MELIA ORLANDO AT CELEBRATION 225 CELEBRATION PLACE KISSIMMEE, FL 34747 SEAWAY 959 VIA LA BOQUILLA CARTAGENA, BOLV COLOMBIA SOUNDINGS SEASIDE 79 CHASE AVENUE DENNISPORT, MA 02639 TAHITI VACATION 5101 W. TROPICANA AVE LAS VEGAS, NV 89103 THE INN AT ST IVES 9940 ST IVES DR STANWOOD, MI 49346 THE RESIDENCES AT THE DIVI VILLAGE J.E. IRAUSQUIN BLVD 41 ARUBA, NETHERLANDS ANTILLES THE SANDS OF KAHANA 4299 LOWER HONOAPIILANI KAHANA, MAUI, HI 96761 VACATION INT'LE AT HOMESTEAD FARMS 115 EAST HOMESTEAD BLVD LYNDEN, WA 98264 +WYNDHAM EMERALD GRANDE AT DESTIN 10 HARBOR BOULEVARD DESTIN, FL 32541 Resorts with 1-5 Units BREEZY POINT 'S PELICAN COVE 9252 BREEZY POINT DRIVE BREEZY POINT, MN 56472 LAVAUD 2-6 RUE LAVAUD AKAROA, NEW ZEALAND VILLA AZUL C/O PAVILIONS AND POOLS 6400 ESTATE SMITH BAY ST THOMAS, VI 00802 COSTA AZUL SUITES KM 19 VIA A CIENAGA POZOS COLORADOS BAHIA DE COSTA AZUL SANTA MARTA, MAGD COLOMBIA ELKHORN AT PANORAMA 2030 PANORAMA DR PANORAMA, BC V0A 1T0 FOUR SEASONS-PACIFICA 2600 AVENIDA DEL PRESIDEN TE SAN CLEMENTE, CA 92672 GEOHOLIDAY @ KINGSBURY CROSSING 133 DEER RUN COURT STATELINE, NV 89449 GEVC AT THE @ FOUNTAIN HILLS 16545 EAST GUNSIGHT DRIVE FOUNTAIN HILLS, AZ 85268 GLENDORGAL LUSTY GLAZE PORTH NR. NEWQUAY CORNWALL, TR7 3AD ENGLAND GULL LAKE RESIDENCE 8087 LOST LAKE RD NISSWA, MN 56468 HOLIDAY TEGEFJALL NEDRE ALPEN 12 S-83013 ARE, SWEDEN MARINA CAY VILLAGE 180 VISTA LANE BIGFORK, MT 59911 MILL CREEK RANCH 2102 TRADE DAYS BLVD CANTON, TX 75103 PRESNELL BAYSIDE MARINA AND 2141 30A PORT SAINT JOE, FL 32456 RESIDENCE AT EAGLE SPRINGS 1522 CLINE FALLS RD REDMOND, OR 97756 SPRING BROOK 242 LAKE SHORE DR WISCONSIN DELLS, WI 53965 Points Resort List

THE HOLIDAY @ CHEVRON 3232 SURFERS PARADISE BLV SURFERS PARADISE, QLD 4217 THE HOLIDAY @ POUNAMU APTS 110 FRANKSTON ROAD QUEENSTOWN, NEW ZEALAND THE PENTHOUSES AT GULF STREAM 1501 GULF DRIVE NORTH BRADENTON BEACH, FL 34217 THE PLAYERS VILLAGE 1199 TPC BOULEVARD MURRELLS INLET, SC 29576 THE VILLAS AT COOSAWATTEE II 634 BEAVER LAKE DR UNIT 5160 ELLIJAY, GA 30540 TROPICAL PALMS FUN 2650 HOLIDAY TRAIL KISSIMMEE, FL 34746 VACATION INT'LE LODGE AT LK TAHOE 3840 PIONEER TRAIL SOUTH LAKE TAHOE, CA 96150 VACATION INT'LE SAND PEBBLE 12300 GULF BLVD TREASURE ISLAND, FL 33706 VACATION INT'LE SEDONA SPRINGS 55 NORTHVIEW ROAD PO BOX 2252 SEDONA, AZ 86336 VACATION INT'LE VILLAS @ POCO DIABL 1752 HIGHWAY 179 SEDONA, AZ 86336 VACATION INT'LE VILLAS OF SEDONA 120 KALLOF PLACE PO BOX 2252 SEDONA, AZ 86336 WALDORF APARTMENTS CANBERRA CNR LONDON CIRCUIT AND AKUNA STREETS CANBERRA, ACT 2600 Resorts with 6-10 Units APARTAMENTOS PUEBLO QUINTA DOS AVDA. GARCíA LORCA S/N PUEBLO QUINTA FASE 1 29630 BENALMADENA COSTA MÁLAGA, ARROWHEAD CONDOMINIUMS OWNERS OFFICE 285 DOUBLE ARROW ROAD PO BOX 563 SEELEY LAKE, MT 59868 AVIAWEST AT THE PACIFIC RIM 1971 HARBOUR CRESCENT UCLUELET, BC V0R 3A0 BALAIA VILLAGE BALAIA GOLF VILLAGE SITIO DA BALAIA BALAIA 8200-912 ALBUFEIRA, PORTUGAL BARCELO WALTON HALL JUBILEE DRIVE WALTON WELLESBOURNE WARWICKSHIRE, CV35 9HU ENGLAND BRANSON YACHT PHASE III 611 ROCK LANE RD BRANSON, MO 65616 CANALBOAT AT ALVECHURCH MARINA SCARFIELD WARF ALVECHURCH WORCESTERSHIRE, B48 7SQ ENGLAND CANALBOAT AT GAYTON MARINA BLISWORTH ARM NORTHAMPTONSHIRE EAST MIDLANDS, NN7 3ER ENGLAND CELA CANET MALIBU PREMIER 141 AVENUE DES HAUTS DE CANET CANET EN ROUSSILLON, 66140 FRANCE CHAMPIONS' RUN CONDOMINIUMS 819 HWY 70 EAST #101 PO BOX 7142 RUIDOSO DOWNS, NM 88346 CLASSICAL V.C. AT KOS IMPERIAL PSALIDI KOS, 85300 GREECE MELIA AT GRAN MELIA SALINAS AVDA. ISLAS CANARIAS S/N COSTA TEGUISE LANZAROTE, 35509 CROTCHED MOUNTAIN 740 2ND NH TURNPIKE NORTH FRANCESTOWN, NH 03043 DEDEMAN BODRUM KAVAKLI SARNIC CADESI 1531 SOK.NO:6 BITEZ BODRUM MUGLA, 48400 TURKEY DEDEMAN PARK ANTALYA LARA YOLU ANTALYA, 07100 TURKEY EVC @ THE LODGES 107 MONTANE RD CANMORE, AB T1W 3J2 FESTIVA SAILING VAC.SINT MAARTEN BILLEY FOLLEY RD #6 SIMPSON BAY ST MAARTIN, ST MAARTEN DUTCH CARIBBEAN FESTIVA SAILING VAC.THE GRENADINES YOUNG ISLAND DOCK ST VINCENT, ST VINCENT & THE GRENADINES FESTIVA SAILING VACATIONS W. CRBN KM 1.5 CARRETERA, PUERTO JUAREZ, PUNTA SAM, MARINA HACIENDA DEL MAR CANCUN, QROO 77500 GRANDVIEW LODGE AT FALL CREEK FALLS 25 HIGH MEADOWS DR. SUITE C SPENCER, TN 38585 HARBOURSIDE II CONDOMINIUMS 1141 BROAD CREEK ROAD NEW BERN, NC 28560 HERON POINT @ INVERMERE ON THE LAKE 701-14A CRESCNT INVERMERE, BC V0A 1K0 HOLIDAY PYHA HOLY SUITES KALLUNKUJA 1 PYHATUNTURI, FI- 98530 FINLAND HOLIDAY RONNAS VASTARAKINTIE 1 FIN-07750 ISNAS, FINLAND HOLIDAY YLLAS 3 AKASENTIE 3 FIN-95970 AKASLOMPOLO, FINLAND JACO BAY CONDOMINIUMS & CONDO HOTEL PLAYA JACO PROVINCIA PUNTA ARENAS, COSTA RICA LAS AZALEAS FRACC. RESIDENCIAL RANCHO AVANDARO COUNTRY VALLE DE BRAVO, MEX 51200 MANDALAY SHORES 5226 NEPTUNE SQUARE OXNARD, CA 93035 MENZIES WELCOMBE APARTMENTS WARWICK ROAD STRATFORD UPON AVON WARWICKSHIRE, CV37 0NR ENGLAND MIRADOR DE LOS COLLAGUAS CALLE LIMA 513 YANQUE YANQUE-CHIVAY AREQUIPA, PERU MONTEMAR NATURA CAMINO CERVERA S/N PARTIDA COVETES PEÑISCOLA CASTELLÓN, 12598 ORETI VILLAGE PUKAWA ROAD PUKAWA BAY LAKE TAUPO, NEW ZEALAND Points Resort List

RAINTREE'S LAS CUPULAS OAXACA ITURBIDE NO.213-A COL. SAN FELIPE DEL AGUA OAXACA, OAX 68020 SAND SHARES SUITE 200 20 EXECUTIVE PARK RD HILTON HEAD ISLAND, SC 29928 SEABANK HOTEL MARFAR ROAD MELLIEHA, MLH 02 MALTA SEAWINDS II 124 OLD WHARF RD DENNISPORT, MA 02639 SKISTAR VACATION HEMSEDAL ALPIN LODGE SKIHEISVEGEN 1 HEMSEDAL, NO-3560 NORWAY SKISTAR VC TIMMERBYN SNOTORGET LINDVALLEN SÄLEN, SE-780 67 SWEDEN SUNCHASER VACATION FAIRWAY COTTAGES 84-626 MAKAHA VALLEY RD WAIANAE, OAHU, HI 96792 TELEMARK POINTE RED APPLE HIGHWAY "M" PO BOX 609 CABLE, WI 54821 THE "Q" OLD BURLEIGH ROAD 15 OLD BURLEIGH ROAD SURFERS PARADISE, QLD 4217 THE BEACH HOUSE AT LAKE STREET 2047 LAKE STREET HOLLAND, MI 49424 THE CABINS AT GRAND MOUNTAIN III 120 & 1222 OAK RIDGE DR BRANSON, MO 65616 THE AT CROWN POINT 1530 S IVORY LANE HORSESHOE BEND, AR 72512 THE GEORGIAN MANOR CONDO 125 10 VACATION INN DRIVE COLLINGWOOD, ON L9Y 5G4 THE GEORGIAN MANOR CONDO 80 10 VACATION INN DRIVE COLLINGWOOD, ON L9Y 5G4 THE SUMMIT VAC. RST TREE TOP VILLAS PO BOX 2192 CANYON LAKE, TX 78133 VACATION INT'L ROYAL VICTORIA SUITE 1413 GOVERNMENT ST. VICTORIA, BC V8W 1Z1 VACATION INT'LE CYPRESS POINTE RST 8651 TREASURE CAY LANE ORLANDO, FL 32836 VACATION INT'LE HOLOLANI 4401 LOWER HONOAPIILANI ROAD LAHAINA, MAUI, HI 96761 VACATION INT'LE KIHEI KAI NANI 2495 SOUTH KIHEI ROAD KIHEI, MAUI, HI 96753 VACATION INTLE OCEANSIDE MARINA INN 2008 HARBOR DRIVE NORTH OCEANSIDE, CA 92054 VILLAS LA ALHAMBRA EL CID AVE CAMARON SABALO S/N FRACCIONAMIENTO EL CID PO BOX 813 MAZATLAN, SIN 82110 WESTSIDE BAY HCR 69 BOX 505 SUNRISE BEACH, MO 65079 Resorts with 11-20 Units AMARILIS AVENIDA V3 EDIFICIO AMARILIS PRAIA DA ROCHA 8500-801 PORTIMAO, PORTUGAL AMORA LAKE OKAWA BAY 366 STATE HIGHWAY 33 MOUREA ROTORUA, NEW ZEALAND AVIAWEST @ PINNACLE 2503 EAGLE CT PO BOX 1033 SUN PEAKS, BC V0E 5N0 AVIAWEST AT ROSEWOOD VICTORIA INN 595 MICHIGAN STREET VICTORIA, BC V8V 1S7 AZURE SKY 1661 CALLE PALO FIERRO PALM SPRINGS, CA 92264 BEACH I 326 ESTERO BLVD FORT MYERS BEACH, FL 33931 BUSBY MANOR MARSDEN ROAD PAIHIA BAY OF ISLANDS, NEW ZEALAND CAMBAY GOLF,JAMDOLI KHASRA NO. 165, 448 JAIPUR-AGRA HIGHWAY JAMDOLI, JAIPUR, RJ 302023 CANALBOAT AT WORCESTER MARINA LOWESMOOR WHARF WORCESTER, WR1 1RS ENGLAND CANALTIME HOUSEBOATS: BEDFORD THE PRIORY MARINA BARKERS LANE BEDFORD, MK41 9DJ ENGLAND CANYON VILLAS AT CORAL RIDGE 4186 E. CORAL RIDGE DR WASHINGTON, UT 84780 CHARLOTTE BAY & 23128 BAYSHORE ROAD CHARLOTTE HARBOR, FL 33980 CARILO PLAYA AVUTARDA (ENTRE LAMBERTINA Y LAUREL) CARILO, BSAS 7167 ARGENTINA MELIA AT GRAN MELIA CANCUN II KM.16.5 BLVD KUKULKAN ZONA HOTELERA CANCUN, QROO 77500 MELIA AT MELIA GORRIONES PLAYA BARCA PAJARA 35627FUERTEVENTURA, MELIA AT MELIA TAMARINDOS RETAMA 3 PLAYA DE SAN AGUSTIN MASPALOMAS GRAN CANARIA, 35100 PRIMAVERA AV. ALEMANIA 45 PLAYA DEL INGLÉS 35100 GRAN CANARIA, CORAL REEF SUNCREST HOTEL QAWRA COAST ROAD QAWRA, SPB 08 MALTA CROWN RIDGE 326 CROWN RIDGE ROAD PO BOX 2296 NORTH CONWAY, NH 03860 DEDEMAN ANKARA AKAY CADDESI BUKLUM SOK.NO:1 ANKARA, 06660 TURKEY DEDEMAN DIYARBAKIR ELAZIG CAD. BUYUKSEHIR BELEDIYESI YANI DIYARBAKIR, 21400 TURKEY DEDEMAN ISTANBUL YILDIZ POSTA CAD N:50 ESENTEPE ISTANBUL, 34340 TURKEY DEDEMAN PALANDOKEN PK 115 ERZURUM, 25000 TURKEY Points Resort List

DEDEMAN RIZE ALI PASA KOYU RIZE, 53100 TURKEY DOGWOOD HILLS AT ALPINE BAY #2 AQUARIUS DRIVE ALPINE, AL 35014 EAST PINES AT ALPINE BAY #2 AQUARIUS ALPINE, AL 35014 EDGEWATER SARGOOD DRIVE WANAKA, NEW ZEALAND ELKHORN @ FALCON CREST 190 KANANASKIS WAY CANMORE, AB T1W 3K5 ELKHORN AT THE LODGES 107 MONTANE RD CANMORE, AB T1W 3J2 ENDLESS MOUNTAIN PO BOX 199 UNION DALE, PA 18476 EVC @ FALCON CREST 190 KANANASKIS WAY CANMORE, AB T1W 3L5 FAIRWAY LODGE 54 GOLF ROAD MT MAUNGANUI, NEW ZEALAND FERIECENTRET RÅGELEJE KLIT RÅGELEJE STRANDVEJ 91 3210 VEJBY, DENMARK FERIEN GRUNDLSEE (MONDI) ARCHKOGL 31 8993 GRUNDLSEE/STEIERMARK, AUSTRIA FUERTE EL ROMPIDO SUITES URBANIZACIóN MARINA EL ROMPIDO H-4111, KM 8 HUELVA, 21459 FUERTE ESTEPONA SUITES PLAYA ARROYO VAQUERO N-340, (A7), KM 150 ESTEPONA MáLAGA, 29680 GATLINBURG TOWN VILLAGE 515 HISTORIC NATURE TRAIL GATLINBURG, TN 37738 GEO GROUP AT GUANA BAY BEACH VILLAS GUY ESTATES PEN SHELL ROAD PHILIPSBURG SINT MAARTEN, NETHERLANDS ANTILLES GEOHOLIDAY AQUAMARINE VILLAS 711 SOUTH MYERS STREET OCEANSIDE, CA 92054 GEOHOLIDAY SAN DIEGO COUNTRY E 25385 PAPPAS ROAD RAMONA, CA 92065 GEVC @ FANTASY WORLD VILLAS 5005 KYNGS HEATH RD KISSIMMEE, FL 34746 GOLF VILLAS AT BIG CANOE 90 STEVE TATE HIGHWAY MARBLE HILL, GA 30148 GULF STREAM BEACH 1501 GULF DRIVE N. BRADENTON BEACH, FL 34217 HOLIDAY BEACH - PHASE II 1006 E HIGHWAY 98 PO BOX 125 DESTIN, FL 32541 HOLIDAY AHTARI RASINKUJA FIN-63700 AHTARI, FINLAND HOLIDAY CALAHONDA EL MIRADOR DE CALAHONDA SITIO DE CALAHONDA 29647 MIJAS-COSTA MÁLAGA, HOLIDAY ELLIVUORI ELLIVUORENTIE 131 FI-38130 ELLIVUORI, FINLAND HOLIDAY HIMOS C/O HIMOSCENTRE LANSI-HIMOKSENTIE 4 JAMSA, FI-42100 FINLAND HOLIDAY KALAJOKI MATKAILUTIE 150 C/O FINLANDIA HOTELLI RANTAKALLA FIN-85100 KALAJOKI, FINLAND HOLIDAY RUKA LOMA KEMIJARVENTIE 273 A FIN-93825 RUKATUNTURI, FINLAND HOLIDAY RUKA VILLAGE RUKANKYLÄNTIE 5 RUKATUNTURI, FI-93825 FINLAND HOLIDAY TAHKO SPA TAHKO SPA SUITES AHOPELLONTIE 1 FI-73310 TAHKOVUORI, FINLAND HOLIDAY INN -BAY POINT 4100 MARRIOTT DR PANAMA CITY BEACH, FL 32408 HOLIDAY WORLD CTRA. NACIONAL 340 KM 215,6 BENALMáDENA COSTA MáLAGA, 29630 HOTEL KULLABERG SEA GYLLENSTIERNAS ALLE 16 MOLLE, 260 42 SWEDEN INNSEASON S MOUNTAINVIEW 263 MAIN ST JACKMAN, ME 04965 ISLA MAZATLAN PASEO DE LA ISLA 1 MAZATLAN, SIN 82110 ISLAND GULF 13912 GULF BLVD MADEIRA BEACH, FL 33708 ISLAND MANOR CHAPEL STREET BLOCK ISLAND, RI 02807 ISLAND PALMS 13 THE ESPLANADE NELLY BAY MAGNETIC ISLAND, QLD 4819 ISLANDER ON THE BEACH 484 KUHIO HWY KAPAA, KAUAI, HI 96746 JADON PLACE 31 HOOKER BLVD BROADBEACH GOLD COAST, QLD 4218 KAIMANAWA LODGE TAUPAHI ROAD TURANGI, NEW ZEALAND KALMA VILLA JOZSEF ATTILA UTCA 13 HEVIZ, 8380 HUNGARY LA BOCA CASA BY THE OCEAN 365 N. OCEAN BLVD. BOCA RATON, FL 33432 LAKE EDGE (NZ) 275 LAKE TERRACE KAIWAKA POINT TAUPO, NEW ZEALAND LEVI-RAKKAVAARA 1 C/0 LOMAMOKKIEN HUOLTOPALVELUT OY HISSITIE 11 A 1 FI-99130 SIRKKA, FINLAND LEYSIN PARC CASTEL LEYSIN PARC ROUTE DE COLLONGES CH-1854 LEYSIN, SWITZERLAND LIGHTHOUSE POINT VILLAS 14409 LIGHTHOUSE AVE OCEAN CITY, MD 21842 LOMALAUKAA PITKANIEMENTIE 150 41390 AIJALA, FINLAND LONGBOAT BAY 3200 GULF OF DRIVE LONGBOAT KEY, FL 34228 Points Resort List

MANOR COURT MORETONHAMPSTEAD NEWTON ABBOT DEVON, TQ13 8RF ENGLAND MARLIN COVE II - BLUE MARLIN 104 120TH STREET OCEAN CITY, MD 21842 MOUNT HUTT LODGE ZIGZAG ROAD WINDWHISTLE STATE HWY 72/77 RD12 RAKAIA GORGE, NEW ZEALAND OCEAN COVE AT PALMETTO DUNES SUITE 200 20 EXECUTIVE PARK RD HILTON HEAD ISLAND, SC 29928 OCEAN FOREST COLONY 5900 NORTH OCEAN BLVD MYRTLE BEACH, SC 29577 PACIFIC FANTASY C/O THE PONO KAI 4-1250 KUHIO HIGHWAY KAPAA, KAUAI, HI 96746 PACIFIC GROVE PLAZA 620 LIGHTHOUSE AVE PACIFIC GROVE, CA 93950 PACIFICA MASTER SANDS PASEO DE LA COLINA S/N COL.VISTA HERMOSA IXTAPA ZIHUATANEJO, GRO 40880 PALM COURT MITTI STREET NOOSA HEADS, QLD 4567 PORT ELSEWHERE 300 ELSEWHERE DRIVE P O BOX 602 LAKE OZARK, MO 65049 PORTO HYDRA ROYAL PLEPI ERMIONIS PELOPONESE 21051 ERMIONI, GREECE QUEENSTOWN MEWS 10 FRANKTON ROAD QUEENSTOWN, NEW ZEALAND RADIUM VALLEY VACATION BOX 129 RADIUM HOT SPRINGS, BC V0A 1M0 RAINTREE'S VILLA VERA OAXACA XICOTENCATL 212 ZONA CENTRO OAXACA, OAX 68000 RESIDENCE VACANCES NO 6 MARINA BAIE DES ANGES PORT MARINA ROUTE DU BORD DE MER VILLENEUVE LOUBET, 06270 FRANCE RESIDENTIE VAN GOGH P. PARMENTIERLAAN 209-211 KNOKKE HEIST, 8300 BELGIUM RIDGECREST 3731 PLAZA WAY PIGEON FORGE, TN 37863 ROCKRIDGE I AND II 41 ATLANTIC LODE DRIVE 1000 ATLANTIC LODE DRIVE BRECKENRIDGE, CO 80424 ROYAL HOLIDAY BEACH TREASURE BAY HOTEL US HIGHWAY 90 1988 BEACH BLVD BILOXI, MS 39531 RVC'S VILLA VERA ZIHUATANEJO PASEO DEL MORRO 5 PLAYA EL ALMACEN ZIHUATANEJO, GRO 40880 SALADO CREEK VILLAS 2383 NE LOOP 410 SAN ANTONIO, TX 78217 SHEEPSCOT HARBOUR VILLAGE & 306 EDDY RD EDGECOMB, ME 04556 SKISTAR VC SNÖTORGET SNÖCENTER LINDVALLEN SE-780 67 SÄLEN, 780 67 SWEDEN SOLANAS MAR DEL PLATA SERRANO 2949 (EX CALLE 4) PUNTA MOGOTES MAR DEL PLATA, BSAS 7900 ARGENTINA ST IVES ON SHUSWAP 2770 SOUTHWIND RD ST IVES, BC V0E 1M9 SUN LODGE OF ANGEL FIRE 10 MILLER LANE ANGEL FIRE, NM 87710 SUN SEEKERS MONT ST. ANNE 355 RUE DUPONT BEAUPRE, QC G0A 1E0 SUNCREST BEACH VACATION QAWRA COAST ROAD QAWRA, SPB08 MALTA SUTTON HALL TIMESHARE SUTTON HALL SUTTON-UNDER- WHITESTONECLIFFE THIRSK NORTH YORKSHIRE, YO7 2PS ENGLAND THC @ MAUI VANS AUCKLAND 36 RICHARD PEARSE DRIVE MANGERE AUCKLAND, NEW ZEALAND THC @ MAUI VANS CHRISTCHURCH 530-522 MEMORIAL AVENUE CHRISTCHURCH, NEW ZEALAND THE BISHOP SELWYN SELWYN ROAD PAIHIA BAY OF ISLANDS, NEW ZEALAND THE GARDENS, ORLANDO 496 N ORANGE BLOSSOM TRL ORLANDO, FL 32805 THE HOUSES AT SUMMER BAY 17805 US HIGHWAY 192 CLERMONT, FL 34714 THE LOFTS APARTMENTS 61 SHOTOVER STREET QUEENSTOWN, NEW ZEALAND THE LUXURY AT LE MERIDIEN NEAR NEHRU BRIDGE AHMEDABAD, GJ 380 001 THE MISSION VILLAS AT SILVER LAKES 27160 VISTA RD PO BOX 113 HELENDALE, CA 92342 THE PINES AT ALPINE BAY #2 AQUARIUS DRIVE ALPINE, AL 35014 THE QUAYSIDERS BORRANS ROAD WATERHEAD AMBLESIDE CUMBRIA, LA22 0HJ ENGLAND THE RESIDENCES AT FAIRMONT RIDGE 5155 FAIRWAY DRIVE FAIRMONT HOT SPRINGS, BC V0B 1L1 THE RIDGE GOLDFIELD HEIGHTS QUEENSTOWN, NEW ZEALAND THUNDER MOUNTAIN CONDOMINIUM 2030 WALTON CREEK RD STEAMBOAT SPRINGS, CO 80477 TRADE WINDS ON THE BAY 2 PARK DRIVE ROCKLAND, ME 04841 TRADEWINDS CRUISE - BELIZE PLACENCIA POINT PLACENCIA STANN CREEK, BELIZE TRADEWINDS CRUISE - ANTIGUA BOX 129 JOLLY HARBOUR MARINA ST MARY'S, ANTIGUA AND BARBUDA TRADEWINDS CRUISE - B.VIRGIN IS HANNAH BAY ESTATES SEA COWS BAY TORTOLA, BRITISH VIRGIN ISLANDS TRADEWINDS CRUISE - GRENADINES BLUE LAGOON MARINA BLUE LAGOON - ST VINCENT ST. VINCENT, ST VINCENT & THE GRENADINES Points Resort List

TRADEWINDS CRUISE - ST.MAARTEN PORT DE PLAISANCE UNION ROAD COLE BAY SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN TRAILS END AND MARINA 3371 HIGHWAY 253 SOUTH DONALSONVILLE, GA 39845 TREGENNA COUNTRY TREGENNA HOMES TREGENNA CASTLE HOTEL ST IVES CORNWALL, TR26 2DE ENGLAND UMBRELLA BEACH 3805 GULF DRIVE HOLMES BEACH, FL 34218 VACATION II 5820 SHANTY CREEK RD BELLAIRE, MI 49615 VACATION INT'LE CLOCK TOWER 4341 VILLAGE LANE WHISTLER, BC V0N 1B4 VACATION INT'LE ELKHORN VILLAGE 291 WALNUT AVENUE KETCHUM, ID 83353 VACATION INT'LE FAIRWAY VILLA 2345 ALA WAI BLVD HONOLULU, OAHU, HI 96815 VACATION INT'LE KAPAA SHORE 4-0900 KUHIO HIGHWY KAPAA, KAUAI, HI 96746 VACATION INT'LE KINGSBURY OF TAHOE 335 TRAMWAY STATELINE, NV 89449 VACATION INT'LE POINT BROWN 1413 OCEAN SHORES BLVD SW OCEAN SHORES, WA 98569 VACATION INT'LE ROSEDALE ON ROBSON 838 HAMILTON STREET VANCOUVER, BC V6B 6A2 VACATION INT'LE ST IVES 2770 SOUTHWIND RD ST IVES, BC V0E 1M9 VILLAS OF FOXWOOD HILLS 10 KINSTON MANOR DRIVE WESTMINSTER, SC 29693 VISTA VILLAS AT SUNBAY 4810 CENTRAL AVE HOT SPRINGS, AR 71913 WHISTLER VACATION @ L.P. LODGE 2050 LAKE PLACID ROAD WHISTLER, BC V0N 1B2 WHITE OAK LODGE AND 170 WHITE OAK WAY GATLINBURG, TN 37738 WHITE SANDS 260 THIRD ST S. NAPLES, FL 34102 WINDY SHORES II 3217 SOUTH OCEAN BLVD NORTH MYRTLE BEACH, SC 29582 Resorts with 21-50 Units ALHAMBRA VILLAS AT POINCIANA 500 CYPRESS PARKWAY KISSIMMEE, FL 34759 ALPINE CREST/ OF HELEN 780 CARRIE COX DRIVE PO BOX 780 HELEN, GA 30545 ALPINE VILLAGE 200 OVERLOOK DRIVE BURNSVILLE, NC 28714 ALTAMIRA CALLE EL BERIL S/N LA CALETA ADEJE 38679 TENERIFE, ANEZINA VILLAGE DRIOS PAROU PAROS CYCLADES, 84400 GREECE APARTHOTEL HEVIZ ERZSEBET KIRALYNE U. 19 8380 HEVIZ, HUNGARY APARTHOTEL KALMA RAKOCZI UT 12 8380 HEVIZ, HUNGARY APOLLO THERMAL APARTMENTS MATYAS KIRALY SETANY 12-14 H-4200 HAJDUSZOBOSZLO, HUNGARY APPLE VALLEY 428 HOUSE DRIVE HOWARD, OH 43028 ATLANTIC TERRACE 3629 S. ATLANTIC AVE. DAYTONA BEACH, FL 32118 AVIAWEST IN VANCOUVER 868 HAMILTON STREET VANCOUVER, BC V6B 6A2 AVILA CONDOMINIUMS 315 FOUR SEASONS DR LAKE OZARK, MO 65049 BANYAN HARBOR 3411 WILCOX ROAD LIHUE, KAUAI, HI 96766 BARRIER ISLAND'S OCEAN PINES BEACH 1445 DUCK ROAD DUCK, NC 27949 BAY OF SANDESTIN 120 SANDESTIN BLVD NORTH DESTIN, FL 32550 BEACHSIDE VILLAGE 45 SURF DRIVE FALMOUTH, MA 02536 BEAR LAKE TIMESHARE 757 BEAR LAKE BLVD GARDEN CITY, UT 84028 BLUESKIES BY BUTLINS - MINEHEAD BUTLINS MINEHEAD MINEHEAD, TA24 5SH ENGLAND BLUEWATER AT GUANAHANI VILLAGE CABLE BEACH PO BOX 13317 CABLE BEACH NEW PROVIDENCE ISLAND, BAHAMAS BOARDWALK ONE FIRST STREET AND BOARDWALK OCEAN CITY, MD 21842 BRIGANTINE QUARTERS SHIPYARD PLANTATION 55 BARCELONA ROAD HILTON HEAD ISLAND, SC 29928 BROCKWOOD HALL WHICHAM VALLEY NR. MILLOM CUMBRIA, LA18 5JS ENGLAND BRYAN'S SPANISH COVE 13875 STATE ROAD 535 ORLANDO, FL 32821 BUSSELTON BEACH CNR MARINE TERRACE AND GUERIN STREET BUSSELTON, WA 6280 CABANAS GOLDEN SITIO DE CABANAS 8800-591 TAVIRA, PORTUGAL CALIENTE TAMPA 21240 GRAN VIA BLVD LAND O' LAKES, FL 34637 CAMARON COVE 2402 N GULF BLVD N ROCKS BEACH, FL 33785 CAMEL'S SPRING C/ DE LA ROSA, 3 35508 COSTA TEGUISE LANZAROTE, CANALBOAT AT UNION WHARF THE CANAL BASIN LEICESTER ROAD MARKET HARBOROUGH LEICESTER, LE16 7UW ENGLAND CAPE COD HOLIDAY ESTATES 97 FOUR SEASONS DRIVE MASHPEE, MA 02649 Points Resort List

CAPE WINDS 657 W. MAIN STREET HYANNIS, MA 02601 CAPISTRANO SURFSIDE INN 34680 COAST HWY CAPISTRANO BEACH, CA 92624 CARIBBEAN BEACH 7600 ESTERO BLVD FORT MYERS BEACH, FL 33931 CASA BLANCA 11115 FRONT BEACH ROAD PANAMA CITY BEACH, FL 32407 CASTEL CASTEL LEYSIN PARC ROUTE DE COLLONGES CH-1854 LEYSIN, SWITZERLAND CATEDRAL SKI VILLAGE VILLA CERRO CATEDRAL SAN CARLOS DE BARILOCHE, RN R8400 ARGENTINA CELEBRITY S @ GOLF COLONY 1841 COLONY DR. SURFSIDE BEACH, SC 29575 CELEBRITY S POCONOS 120 FALLS AVENUE HAWLEY, PA 18428 CIELOALTO COIN AU PARADIS CONDOMINIO GRANDE OURSE LOCALITA' CIELOALTO 11021 BREUIL CERVINIA, (AO) CLARA HOTEL AVLAKI PETRA LESVOS, 81109 GREECE CLOVER TRIQ IT-TARTARUN QAWRA, SPB 05 MALTA CLOVER RIDGE 5071 CLOVER RIDGE ROAD PANORA, IA 50216 ALGAIDA URB. SITIO DE CALAHONDA CTRA DE CÁDIZ KM 196,5 29649 MIJAS-COSTA MÁLAGA, AMBASSADOR PARQUE FARRAIS C/ GRANADOS 18 URB. DURAZNO 38400 PUERTO DE LA CRUZ TENERIFE, BENA VISTA CTRO. COMERCIAL BENAVISTA CTRA DE CÁDIZ KM 167 29688 ESTEPONA MÁLAGA, CHALET 746 SKI MOUNTAIN ROAD GATLINBURG, TN 37738 EL BERIL CALLE EL BERIL S/N LA CALETA 38679 ADEJE TENERIFE, NOOSA 10-14 NOOSA DRIVE NOOSA HEADS, QLD 4567 PLAYA FLORES URB. LA COLINA 29620 TORREMOLINOS MÁLAGA, SEA OATS 2539 S. ATLANTIC AVE DAYTONA BEACH SHORES, FL 32118 TISAYA GOLF AV. TJAEREBORG 6 CAMPO DE GOLF MASPALOMAS 35100 GRAN CANARIA, TRINIDAD 1900 E PALM CANYON DRIVE PALM SPRINGS, CA 92264 COLONIAL ACRES 114 STANDISH WAY WEST YARMOUTH, MA 02673 CORAL PRINCESS KILOMETRO 2.5 ZONA HOTELERA NORTE COZUMEL, QROO 77600 CORAL REEF SHIPYARD PLANTATION PO BOX 5686 HILTON HEAD ISLAND, SC 29938 COUNTRY VILLAGE AT JIMINY PEAK 37 COREY ROAD HANCOCK, MA 01237 CRANE BEACH CRANE ST PHILIP, BARBADOS CRESTWOOD 1301 WISCONSIN AVE PO BOX 998 WHITEFISH, MT 59937 CROWN POINT CONDOMINIUMS 1530 S IVORY LANE HORSESHOE BEND, AR 72512 CROWN S AT LA RIVIERA URB. RIVIERA DEL SOL C/ LIBRA (RECEPCION) 29650 MIJAS-COSTA MÁLAGA, DEDEMAN CAPPADOCIA HOTEL & CONVENTI URGUP YOLU 2 KM NEVSEHIR, 50200 TURKEY DESERT VACATION VILLAS 250 W. VISTA CHINO PALM SPRINGS, CA 92262 DIVI BEACH VILLAS AT SOUTHWINDS ST LAWRENCE CHRIST CHURCH, BARBADOS DIVI HERITAGE SUNSET CREST ST JAMES, BARBADOS DOMAINE DE GAVAUDUN VEZOU GAVAUDUN, 47150 FRANCE EAGLE WING SUITES AT ANGEL FIRE RST 10 MILLER LANE ANGEL FIRE, NM 87710 EL CID LA CEIBA BEACH CARR.CHANKANAB KM.4.5 ZONA COSTERA SUR COZUMEL, QROO 77600 *EL LAGO CAMINO AL MOLINO S/N SABANDIA, AREQUIPA, PERU EL MARQUES PALACE CALLE LAS ROSAS S/N PUERTO DE SANTIAGO 38683 SANTIAGO DEL TEIDE TENERIFE, ELITE APARTMENTS AT FAIRWAYS AVDA. M. ANGELES ASCANIO CULLEN, Nº 26 SAN MIGUEL DE ABONA TENERIFE, 38639 ELITE APARTMENTS AT PUEBLO EVITA AVDA. DE LAS PALMERAS C/ PALMITO S/N 29630 BENALMÁDENA-COSTA MÁLAGA, ENGLEWOOD BEACH & YACHT 1815 GULF BLVD ENGLEWOOD, FL 34223 ERIE ISLANDS & MARINA 4495 W. DARR-HOPFINGER RD PORT CLINTON, OH 43452 FAIRFIELD PLANTATION 1602 LAKEVIEW PARKWAY VILLA RICA, GA 30180 FERIEN OBERSTAUFEN (MONDI) MALAS 8-10 87534 OBERSTAUFEN, GERMANY FESTIVA SAILING VAC.AT NANNY CAY GARDENS MARINA NANNY CAY HARBOR TORTOLA, BRITISH VIRGIN ISLANDS Points Resort List

FF HARBOUR/WINDJAMMER I 475 BROAD CREEK RD NEW BERN, NC 28560 FF HARBOUR/WINDJAMMER II 475 BROAD CREEK ROAD NEW BERN, NC 28560 FIRST FAIRWAY AT WALDEN 13151 WALDEN ROAD MONTGOMERY, TX 77356 FLORIDA VACATION VILLAS I 2777 N POINCIANA BLVD SUITE 124 KISSIMMEE, FL 34746 FONTANA VILLAGE PO BOX 68, HWY 28 FONTANA DAM, NC 28733 FORT BROWN CONDO SHARES 401 RINGGOLD ROAD BROWNSVILLE, TX 78520 FRENCH RIDGE CONDOMINIUMS 416 RIDGE ST BRECKENRIDGE, CO 80424 GEO GROUP @ THE JOCKEY 3700 LAS VEGAS BLVD S. LAS VEGAS, NV 89109 GEO GROUP AT TAHOE SUMMIT VILLAGE 750 WELLS FARGO LANE PO BOX 4917 STATELINE, NV 89449 GEO HOLIDAY @ PARK REGENCY 1710 PROSPECTOR AVE PARK CITY, UT 84060 GEOHOLIDAY AT PALM SPRINGS 701 W BARISTO RD PALM SPRINGS, CA 92262 GEOHOLIDAY AT SNOW LAKE LODGE 41579 BIG BEAR BLVD PO BOX 1146 BIG BEAR LAKE, CA 92315 GEVC AT LIGHTHOUSE POINTE 22900 SHORELINE HIGHWAY 1 PO BOX 154 POINT ARENA, CA 95468 GOLDEN SHORES HOLIDAY 210 MARINE PARADE LABRADOR, QLD 4215 GOLDENWOODS CONDOS @ POWDERHORN RST 48350 POWDERHORN ROAD P.O. BOX 430 MESA, CO 81643 GOLF APTS. RICHMOND PARK RICHMOND PK GOLF SAHAM RD WATTON, THETFORD NORFOLK, IP25 6EA ENGLAND GPR AT RED WOLF AT SQUAW VALLEY 2000 SQUAW LOOP RD PO BOX 2612 OLYMPIC VALLEY, CA 96146 GPR AT RED WOLF LAKESIDE LODGE 7630 N LAKE BLVD P O BOX 384 TAHOE VISTA, CA 96148 GRAND LEONIKI MACHIS CRITIS 197 PLATANES RETHYMNO CRETE, 74100 GREECE GREEN HOUSE RUTA PROVINCIAL NO.5 KM.82 VILLA GENERAL BELGRANO, CBA 5194 ARGENTINA GULF TIDES OF LONGBOAT KEY 3008 GULF OF DRIVE LONGBOAT KEY, FL 34228 HARBOURSIDE III 9 HARBOURSIDE LANE SUITE A PALMETTO DUNES HILTON HEAD ISLAND, SC 29928 HAVEN COURT LITTLE HAVEN HAVERFORDWEST PEMBROKESHIRE, SA62 3UP WALES HIGH SIERRA 504 EXCALIBUR RD PO BOX 7188 RUIDOSO, NM 88355 HILTON COYLUMBRIDGE ALPINE LODGES COYLUMBRIDGE AVIEMORE INVERNESS-SHIRE, PH22 1QN SCOTLAND HOLIDAY BEACH - SOUNDSIDE 19 VIA DE LUNA PENSACOLA BEACH, FL 32561 HOLIDAY AIRISTO AIRISTONTIE 700 FIN-21660 PARAINEN, FINLAND HOLIDAY AMADORES BEACH PLAYA AMADORES PUERTO RICO 35120 MOGAN GRAN CANARIA, HOLIDAY HANNUNKIVI HANNUNKIVENTIE 1 FIN-43800 KIVIJARVI, FINLAND HOLIDAY JARDIN DE AMADORES C/ROQUE DE LOS MUCHACHOS PUERTO RICO 35120 MOGAN GRAN CANARIA, HOLIDAY NAANTALI RESIDENCE MATKAILIJANTIE 2 NAANTALI, FI-21100 FINLAND HOLIDAY PUNKAHARJU HIEKKALAHDENTIE 128 FIN-58430 KULENNOINEN, FINLAND HOLIDAY PYHA KULTAKERONKATU 21 FIN-98530 PYHATUNTURI, FINLAND HOLIDAY RUKA PULKKAJARVENTIE 15 FIN-93999 KUMO, FINLAND HOLIDAY SOL AMADORES CALLE TENERIFE,11 BARRANCO DE AMADORES MOGáN GRAN CANARIA, HOLIDAY VISTA AMADORES C/ROQUE DE LOS MUCHACHOS FASE 6, PUERTO RICO 35120 MOGAN GRAN CANARIA, HOLIDAY YLLAS 2 AKASENTIE 3 FIN-95970 AKASLOMPOLO, FINLAND HOLLYWOOD BEACH CRUISE PORT 101 N OCEAN DRIVE HOLLYWOOD, FL 33019 HONO KOA 3801 L HONOAPIILANI RD HONOKOWAI, MAUI, HI 96761 HOTEL MIRAGE LOCALITA' PEZIE' 118 32043 CORTINA D'AMPEZZO, (BL) HTL PZA.PELICANOS GRAND BEACH S/I DIEGO RIVERA Ñ120 ZONA HOTELERA LAS GLORIAS PUERTO VALLARTA, JAL 48333 INNSEASON S HARBORWALK 26 ROBBINS ROAD FALMOUTH, MA 02540 INNSEASON RST CAPTAIN'S QUARTERS 241 GRAND AVE FALMOUTH, MA 02540 INVERNESS AT DEL LAGO 100 LA COSTA DRIVE MONTGOMERY, TX 77356 INVERNESS AT WALDEN - PHASE II 13151-A WALDEN RD #243 MONTGOMERY, TX 77356 Points Resort List

JARDINES DEL PUERTO AVDA. JOSE BANUS S/N URB. JARDINES DEL PUERTO APT 401 PUERTO BANUS 29660 MARBELLA, MALAGA, KALA POINT VILLAGE 20 VILLAGE DRIVE PORT TOWNSEND, WA 98368 LAGUNA SURF 611 SOUTH COAST HIGHWAY LAGUNA BEACH, CA 92651 LAKE ARROWHEAD CHALETS 28200 HIGHWAY 189 SUITE O3-140 LAKE ARROWHEAD, CA 92352 LAKE EDGE (VIC) 146 MELBOURNE ROAD MULWALA, NSW 2647 LAKE PLACID LODGES 30 LAKE PLACID WAY P.O. BOX 976 LAKE PLACID, NY 12946 LAKE TARA TOWNHOUSE III 62 FAIRFIELD ROAD VILLA RICA, GA 30180 LAKEVIEW COUNTRY OLD COACH ROAD LANIVET BODMIN CORNWALL, PL30 5JJ ENGLAND LAKEWOOD 1029 LAKEWOOD CIRCLE LAKE RD 54-37 OSAGE BEACH, MO 65065 LAND OF CANAAN VACATION INC 99 EFG DRIVE CANAAN VALLEY DAVIS, WV 26260 LAS CASITAS PLAYA BLANCA 35570 YAIZA LANZAROTE, LAS OLAS BEACH 1215 A1A SATELLITE BEACH, FL 32937 LAS OLAS BEACH OF COCOA BEACH 5100 OCEAN BEACH BLVD COCOA BEACH, FL 32931 LAS PALOMAS BEACH & GOLF BLVD.COSTERO NO.150 COL.SANDY BEACH PUERTO PENASCO, SON 83550 LAS ROSAS C/ LAS ROSAS NO 2 PUERTO DE SANTIAGO 38683 SANTIAGO DEL TEIDE TENERIFE, LAW CRANBERRY LIMITED 19 KEITH AVE R.R. # 4 COLLINGWOOD, ON L9Y 4T9 LE MIRAGE VILLAGE SAN FRANCISCO DE ASIS S/N VILLA CARLOS PAZ, CBA 5152 ARGENTINA LEGACY VAC ORLANDO- RST WORLD 2760 N POINCIANA BLVD KISSIMMEE, FL 34746 LEGACY VACATION N SHORES 19607 GULF BLVD N SHORES, FL 33785 LES THERMALIES THERMALP LES BAINS D'OVRONNAZ CH-1911 OVRONNAZ (VS), SWITZERLAND LES VILLAS AT LE MERIDIEN LE MERIDIEN HOTEL,LIMASOL OLD LIMASSOL NICOSIA ROAD LIMASSOL, CYPRUS MACDONALD CRAIGELLACHIE CHALETS DALFABER VILLAGE NR AVIEMORE INVERNESS-SHIRE, PH22 1ST SCOTLAND MACDONALD LA ERMITA PARTIDO DEL DURILLO 29650 MIJAS PUEBLO MÁLAGA, MANSFIELD COUNTRY BANUMUM ROAD MANSFIELD, VIC 3722 MARBLE CANYON 5155 FAIRWAY DRIVE FAIRMONT HOT SPRINGS, BC V0B 1L1 MARINER BEACH 4220 GULF BLVD ST PETE BEACH, FL 33706 MARINER'S POINTE 109 MARINER'S POINTE PO BOX 2869 CROSSVILLE, TN 38555 MIRAFLORES RANCHO URB.MIRAFLORES CTRA. DE CADIZ KM 199 29650 MIJAS-COSTA MALAGA, MONTECHORO E 99 RUA ALEXANDRE O'NEILL APARTADO 928 8200-343 ALBUFEIRA, PORTUGAL MOUNTAIN EDGE & SPA 1380 ROUTE 103 MOUNT SUNAPEE, NH 03255 MOUNTAIN ESTATES @ SMUGGLER'S NOTCH 4323 RT. 108 S. SMUGGLERS' NOTCH, VT 05464 MOUNTAIN MEADOWS 2813 ROLLING HILLS DR PIGEON FORGE, TN 37863 MOUNTAIN VIEW VILLAS AT CRANBERRY SUITE 303 10 KEITH AVENUE COLLINGWOOD, ON L9Y 4T9 MULTI-S AT PUENTE VISTA PUENTE VISTA 14300 ALOHA, UNIT 125 CORPUS CHRISTI, TX 78418 NANTUCKET BAY CONDOMINIUMS 143 OUTBACK PASS SUNRISE BEACH, MO 65079 NENASTAKO/GLACIER VILLAGE @ MEADOW 100 ST. ANDREWS DRIVE COLUMBIA FALLS, MT 59912 NEWPORT BAY & HOTEL 337 THAMES STREET NEWPORT, RI 02840 NOB HILL INN 1000 PINE STREET SAN FRANCISCO, CA 94109 NORTH BEACH 14573 GAZEBO DRIVE PARK RAPIDS, MN 56470 NORTH STAR VACATION 78 WEATHERVANE DRIVE KILLINGTON, VT 05751 NOSTOS SUITES TZANERIA SKIATHOS, 37002 GREECE OCEAN CRUISE - VANCOUVER NORTH VANCOUVER PIER EAST OF THE SEA BUS PORT AT LONSDALE AVE VANCOUVER, BC V7M 1H9 OCEAN HIGH 503 32ND STREET OCEAN CITY, MD 21842 OCEAN MANOR CABARETE HIGHWAY CABARETE, DOMINICAN REPUBLIC OCEAN TIME #13 136TH STREET OCEAN CITY, MD 21842 OCEAN VILLAS BEACH 7509 N OCEAN BLVD MYRTLE BEACH, SC 29572 OCEANCLIFF I & II RIDGE ROAD NEWPORT, RI 02840 ODESSA WHARF 7 ODESSA STREET ROTHERHITHE LONDON, SE16 7LY ENGLAND Points Resort List

OLYMPIA VACATION OWNERS 985 REGENT ROAD OFFICE UNIT 531 OCONOMOWOC, WI 53066 OYSTER BAY 1570 US HIGHWAY 1 SEBASTIAN, FL 32958 PACIFIC PALMS 2 LAKESIDE CRESCENT ELIZABETH BEACH, NSW 2428 PACIFIC VIEW 34 VICTORIA TERRACE KINGS BEACH, QLD 4551 PANAMA CITY & 16709 FRONT BEACH ROAD PANAMA CITY BEACH, FL 32413 PARADISE CANYON GOLF 185 CANYON BOULEVARD LETHBRIDGE, AB T1K 6V1 PARADISE LAKES 2001 BRINSON ROAD LUTZ, FL 33558 PASSAGE HOUSE HOTEL KINGSTEIGNTON NEWTON ABBOT, DEVON, TQ12 3QH ENGLAND PEREGRINE TOWNHOMES @ SAN LUIS PASS SURFSIDE BEACH 10202 BLUEWATER HIGHWAY FREEPORT, TX 77541 PESTANA CARLTON TOWER SUITES LARGO ANTONIO NOBRE 9004-531 FUNCHAL, MADEIRA, PORTUGAL PESTANA DOM JOAO II BEACH PRAIA 3 IRMAOS ALVOR 8501-904 ALVOR, PORTUGAL PESTANA PORCHES PRAIA PRAIA SENHORA DA ROCHA ARMACAO DE PERA 8400-450 PORCHES, PORTUGAL PESTANA VIKING OCEAN SUITES PRAIA SENHORA DA ROCHA ARMACAO DE PERA 8400-450 PORCHES, PORTUGAL PETERSON'S WATERFRONT 103 N PARK ST PO BOX 488 CHELAN, WA 98816 PINECREST TOWNHOMES 3729 PLAZA WAY PIGEON FORGE, TN 37863 PLAZA SUITES II 2324 NORTH HULLEN METAIRIE, LA 70001 POINTE BEACH VILLAS 2751 WESTSIDE RD KELOWNA, BC V1Z 3T1 POINTE ON THE BAY 23RD ST OCEAN CITY, MD 21842 PORTO AZZURRO RIDOTT STREET XEMXIJA, SPB 15 MALTA POWDER RIDGE VILLAGE POWDER RIDGE ROAD P O BOX 1132 EDEN, UT 84310 RAINTREE AT KONA REEF HAWAII 75-5888 ALII DRIVE KAILUA-KONA, HAWAII, HI 96740 RAINTREE'S DESERT ARROYO PHOENIX 4647 E FRANCISCO DR PHOENIX, AZ 85044 RAINTREE'S MINERS PARK CITY 4070 NORTH WILLOW DRAW PARK CITY, UT 84098 RESIDENCE MONT-CALME HAUTE NENDAZ HAUTE NENDAZ, CH-1997 SWITZERLAND RESIDENCES CHAMOSSAIRE LEYSIN CASE POSTALE 65 CH-1854 LEYSIN 1, SWITZERLAND RIVER MURRAY RIVER DRIVE SOUTH YUNDERUP, WA 6208 RIVER RUN CONDOMINIUMS 784 US ROUTE 302 PO BOX 358 BARTLETT, NH 03812 RIVERVIEW CONDOMINIUM P.O. BOX 530 SOUTH YARMOUTH, MA 02664 ROYAL ALPAGE CHAMPOUSSIN VILLAGE CH-1873 VAL D'ILLIEZ, SWITZERLAND ROYAL GARDENS AT SUNSET BEACH AVENIDA DEL SOL, 5 29630 BENALMÁDENA-COSTA MÁLAGA, RVC'S VILLA VERA ISLA MUJERES PUERTO DE ABRIGO S/N PROLONGACION AEROPUERTO LAGUNA MACAX ISLA MUJERES, QROO 77400 SAN ANTONIO (COSTA) TOURIST STREET BUGGIBA, SPB 1024 MALTA SAND ACRES BEACH C/O BOUGAINVILLEA BCH RST MAXWELL COAST ROAD CHRIST CHURCH, BARBADOS SANDCASTLE COVE 1141 BROAD CREEK ROAD NEW BERN, NC 28560 SANDCASTLE SOUTH 2207 S OCEAN BLVD MYRTLE BEACH, SC 29577 SANDCASTLE VILLAGE II 1141 BROAD CREEK ROAD NEW BERN, NC 28560 SANDY POINT BEACH 41 LABRADOR ST LABRADOR, QLD 4215 SANIBEL BEACH 626 NERITA ST SANIBEL ISLAND, FL 33957 SEA V 6744 SARASEA CIRCLE SARASOTA, FL 34242 *SEA PINES PLANTATION C/O THE RESALE COMPANY 7 B GREENWOOD DRIVE REILLYS PLAZA STE #100 HILTON HEAD ISLAND, SC 29928 SHORELINE TOWERS 1155 W BEACH BLVD GULF SHORES, AL 36542 SIESTA FERIEN SCHARNITZ(MONDI) GIESSENBACH 310 SCHARNITZ-GIESSENBACH, A-6180 AUSTRIA SKI SIDE VILLAGE BIG POCONO/CAMELBACK ROAD PO BOX 154 TANNERSVILLE, PA 18372 SKIER'S EDGE 4192 SOUTH HIGHWAY 9 BRECKENRIDGE, CO 80424 SMOKETREE LODGE 11914 HIGHWAY 105 S BANNER ELK, NC 28604 SMUGGLER'S COVE 1501 GULF DRIVE N. BRADENTON BEACH, FL 34217 SOLANAS COUNTRY RUTA INTERBALNEARIA KM, 118.5 PUNTA DEL ESTE, MALD URUGUAY SOLANAS PODA DO ARVOREDO RUA TILAPIA 99 BOMBINHAS, SC 88215-000 Points Resort List

SOLANAS TERMAS DEL DAYMAN CALLE LOS MOLLES S/N BARRIO JARDINES DE TERMAS DEL DAYMAN SALTO, SLTO 50-000 URUGUAY SOOKE HARBOUR & MARINA 6971 WEST COAST RD SOOKE, BC V9Z 0V1 SOUTHWIND II SUITE 200 20 EXECUTIVE PARK ROAD HILTON HEAD ISLAND, SC 29928 *SPICEBUSH @ SEA PINES HARBOUR TOWN YACHT 149 LIGHTHOUSE ROAD HILTON HEAD ISLAND, SC 29928 SPINNAKER AT SHIPYARD SUITE 200 20 EXECUTIVE PARK RD HILTON HEAD ISLAND, SC 29928 STEELE HILL S - EAST 516 STEELE HILL RD SANBORNTON, NH 03269 STREAMSIDE AT VAIL - ASPEN 2244 S FRONTAGE ROAD W VAIL, CO 81657 STREAMSIDE AT VAIL - CEDAR 2244 S FRONTAGE ROAD W VAIL, CO 81657 SUN PACIFIC VILLAS 123 MURICATA AVE MOUNT MAUNGANUI, NEW ZEALAND SUNBURST CONDOMINIUMS 3400/3377 MEADOW LANE STEAMBOAT SPRINGS, CO 80477 SUNSHINE RHODES RAPTI SQUARE 1 IALYSSOS RHODES, 85100 GREECE SURFERS ROYALE 9 NORTHCLIFFE TERRACE SURFERS PARADISE, QLD 4217 *SWALLOWTAIL @ SEA PINES HARBOUR TOWN YACHT 149 LIGHTHOUSE ROAD HILTON HEAD ISLAND, SC 29928 SWAN MOUNTAIN 57 CARTIER COURT DILLON, CO 80435 SWEETWATER AT LAKE CONROE APRIL SOUND COUNTRY 1000 APRIL SOUND BLVD MONTGOMERY, TX 77356 TABLE ROCK LANDING ON HOLIDAY ISL 1 LANDING DRIVE HOLIDAY ISLAND, AR 72631 TAUPO IKA NUI 64-66 LAKE TERRACE TAUPO, NEW ZEALAND TESORO IXTAPA BLVD.IXTAPA S/N ZONA HOTELERA IXTAPA ZIHUATANEJO, GRO 40880 THE BEACH AT MONTEGO INN 1307 S. OCEAN BLVD MYRTLE BEACH, SC 29577 THE BEACH AT ST AUGUSTINE A1A AT 2 OCEAN TRACE ROAD BEACH AND TENNIS ST AUGUSTINE, FL 32080 THE BURNSIDE PARK OWNERS THE LODGE, BURNSIDE PARK KENDAL RD BOWNESS-ON-WINDERMERE CUMBRIA, LA23 3EW ENGLAND THE CAROLINA C/O SOUTHWIND MANAGEMENT 35 DEALLYON AVENUE PO BOX 6685 HILTON HEAD ISLAND, SC 29938 THE HEIDELBERG INN 2635 HIGHWAY 158 PO BOX 809 JUNE LAKE, CA 93529 THE HOLIDAY @ VILLAGE 288 HASTINGS RIVER DRIVE PORT MACQUARIE, NSW 2444 THE INN AT SILVER LAKES 14818 HOUSE DRIVE PO BOX 26 HELENDALE, CA 92342 THE LAKESIDE VILLAS 96 LAKE TERRACE TAUPO, NEW ZEALAND THE LODGE AT LAKE TAHOE 3840 PIONEER TRAIL SOUTH LAKE TAHOE, CA 96150 THE LODGES AT CRESTHAVEN 3210 LAKE SHORE DR LAKE GEORGE, NY 12845 THE LUXURY AT LEROYAL MERIDIEN ASCOT CENTER SAHAR AIRPORT ROAD ANDHERI (EAST) MUMBAI, MH 400 099 THE OCEAN VILLAS RHINE ROAD #17 LOWLANDS SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN THE OCEAN WATERVIEW APARTMENTS RHINE ROAD #17 LOWLANDS SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN THE PINES 79 DUNGARVON STREET WANAKA, NEW ZEALAND THE PONDS AT FOXHOLLOW 4 FOXHOLLOW DRIVE LENOX, MA 01240 THE QUARTERS 12108 COASTAL HIGHWAY OCEAN CITY, MD 21842 THE QUARTERS AT MARLIN COVE 106-A 120TH ST. EDWARD TAYLOR RD. OCEAN CITY, MD 21842 THE RIDGE AT SUNRIVER 57280 BEAVER RIDGE LOOP PO BOX 3609 SUNRIVER, OR 97707 THE SHORES AT LAKE TRAVIS 1917 AMERICAN DRIVE LAGO VISTA, TX 78645 THE VILLAGE HOLIDAY ALEXI MINOTI 4 KOUTOULOUFARI NOMOS IRAKLIOU CRETE, 70014 GREECE THE VILLAS OF PALM SPRINGS 1650 S CALLE PALO FIERRO PALM SPRINGS, CA 92264 TOWNCENTER AT JACKSON HOLE 325 W BROADWAY PO BOX 967 JACKSON HOLE, WY 83001 TRENYTHON MANOR AND COUNTRY TYWARDREATH PAR CORNWALL, PL24 2TS ENGLAND TROPIC LEISURE @ MAGENS PT RST 6200 MAGENS BAY ROAD ST THOMAS, VI 00802 VACATION INT'LE CRESTWOOD 1301 WISCONSIN DR BOX 998 WHITEFISH, MT 59937 VACATION INT'LE EMBARCADERO 1000 SOUTH EAST BAY BLVD NEWPORT, OR 97365 VACATION INT'LE PANORAMA PANORAMA TIMESHARE DIV PANORAMA, BC V0A 1T0 VACATION INT'LE PAPAKEA 3543 HONOAPIILANI ROAD LAHAINA, MAUI, HI 96761 Points Resort List

VACATION INT'LE PONO KAI 4-1250 KUHIO HIGHWAY KAPAA, KAUAI, HI 96746 VACATION INT'LE SEA MOUNTAIN 95-788 NINOLE LOOP RD PUNALUU, HAWAII, HI 96777 VACATION INT'LE TAHOE BEACH & SKI 3601 LAKE TAHOE BLVD SOUTH LAKE TAHOE, CA 96150 VACATION INT'LE VALLEY ISLE 4327 LOWER HONOAPIILANI ROAD LAHAINA, MAUI, HI 96761 VACATION INT'LE VILLAS DE SANTA FE 400 GRIFFIN ST SANTA FE, NM 87501 VACATION INT'LE WINDJAMMER 4244 EL MAR DR LAUDERDALE-BY-THE-SEA, FL 33308 VACATION VILLAGE 50 SETTLEMENT POINT RD PORT MACQUARIE, NSW 2444 VACATION VILLAS AT THE SUMMIT 25795 HIGHWAY N CLARKSVILLE, MO 63336 VILLAGE OF LOON MOUNTAIN CONDOS ROUTE 112 KANCAMAGUS HIGHWAY LINCOLN, NH 03251 VILLAGE 288 HASTINGS RIVER DR PORT MACQUARIE, NSW 2444 VILLAS AT POCO DIABLO 1752 HIGHWAY 179 PO BOX 2252 SEDONA, AZ 86339 VILLAS OF SEDONA 55 NOTHVIEW ROAD SEDONA, AZ 86336 VILLAS ON THE LAKE 17578 HWY 105 WEST MONTGOMERY, TX 77356 VINTAGE LANDING CONDOMINIUMS 179 VINTAGE COURT LAKE OZARK, MO 65049 VISTAZUL VACATION CORREDOR TURISTICO KM 3.5 CABO SAN LUCAS, BCS 23410 WATERWOOD TOWNHOUSES 1141 BROAD CREEK ROAD NEW BERN, NC 28560 WHISPERING WOODS 67800 E NICKLAUS WAY WELCHES, OR 97067 WHISPERING WOODS II 67800 E NICKLAUS WAY WELCHES, OR 97067 WHISTLER VACATION @ TWIN PEAKS 4365 NORTHLANDS BOULEVARD WHISTLER, BC V0N 1B4 WHITE POINT VACATION 75 WHITE POINT ROAD #2 QUEENS COUNTY, NS B0T 1G0 WILDERNESS AT LONG CREEK 915 LONG CREEK RIDGEDALE, MO 65739 WIMPEN SUE#O AZUL CALLAO SALVAJE 38678 ADEJE TENERIFE, 38678 WINDJAMMER & BEACH 4244 EL MAR DRIVE LAUDERDALE-BY-THE-SEA, FL 33308 WOLF CREEK VILLAGE 3815 N. WOLF CREEK VILLAG CONDO 111 EDEN, UT 84310 WOODS MANOR CONDOMINIUMS C/O FOUR SEASON LODGING 424 S. RIDGE STREET BRECKENRIDGE, CO 80424 +WVR LAKE MARION 401 BASS DRIVE SANTEE, SC 29142 +WVR REUNION AT ORLANDO 7593 GATHERING DR REUNION, FL 34747 +WYNDHAM AT THE COTTAGES 410 SOUTH OCEAN BOULEVARD NORTH MYRTLE BEACH, SC 29582 +WYNDHAM BAY II 119 SANDESTIN BLVD MIRAMAR BEACH, FL 32550 +WYNDHAM BAY VOYAGE INN 150 CONANICUS AVE JAMESTOWN, RI 02835 +WYNDHAM BAY VOYAGE INN 150 CONANICUS AVE JAMESTOWN, RI 02835 +WYNDHAM BEACH STREET COTTAGES 2974 SCENIC GULF DR DESTIN, FL 32550 +WYNDHAM DURANGO 401 EAST 2ND AVE DURANGO, CO 81301 +WYNDHAM INN ON LONG WHARF 142 LONG WHARF NEWPORT, RI 02840 +WYNDHAM INN ON LONG WHARF 142 LONG WHARF NEWPORT, RI 02840 +WYNDHAM MAKAI COTTAGES 4180 LEI O PAPA RD PRINCEVILLE, KAUAI, HI 96722 +WYNDHAM S SHAWNEE VILLAGE P.O.BOX 93 SHAWNEE-ON-THE-DELAWARE, PA 18356 +WYNDHAM RIVERSIDE SUITES 218 COLLEGE ST SAN ANTONIO, TX 78205 +WYNDHAM TAMARACK 874 XANADURD WISCONSIN DELLS, WI 53965 Resorts with Over 50 Units ABBAZIA HOTEL MAROTTA VIA LUNGOMARE C. COLOMBO 107 61035 MONDOLFO MAROTTA, ABBAZIA COUNTRY HATAR UT 3-7 8976 NEMESNEP, HUNGARY ACUASOL URB PENISMAR AV PAPA LUNA S/N 12598 PENISCOLA CASTELLON, ALHAMBRA AT POINCIANA 500 CYPRESS PARKWAY KISSIMMEE, FL 34759 AMERICANA VILLAGE 3845 PIONEER TRAIL SOUTH LAKE TAHOE, CA 96150 AMERICANO BEACH 1260 NORTH ATLANTIC AVE DAYTONA BEACH, FL 32118 APARTAMENTOS TROPICAL PARK AVENIDA EL JABLE, 41 CALLAO SALVAJE ADEJE 38678 TENERIFE, ARROYO ROBLE 100 ARROYO ROBLE ROAD PO BOX 2264 SEDONA, AZ 86339 Points Resort List

ATLANTIC BEACH PASEO COSTA CANARIA S/N 35100 PLAYA DEL INGLES GRAN CANARIA, ATRIUM BEACH AND SPA PO BOX 1115 SIMPSON BAY SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN ATRIUM 315 21ST ST VIRGINIA BEACH, VA 23451 ATTITASH MOUNTAIN VILLAGE 784 US ROUTE 302 BOX 358 BARTLETT, NH 03812 AVIAWEST @ PACIFIC SHORES RST & SPA 1-1600 STROUGLER ROAD NANOOSE BAY, BC V9P 9B7 BALAIA PARK BALAIA GOLF VILLAGE SITIO DA BALAIA QUINTA DA SEMINA 8200-912 ALBUFEIRA, PORTUGAL BAREFOOT CONDOMINIUMS 21111 BAREFOOT LOOP LEAD, SD 57754 BAREFOOT'N IN THE KEYS AT OLD TOWN 2750 FLORIDA PLAZA KISSIMMEE, FL 34746 BARRIER ISLAND STATION - KITTY HAWK 1 CYPRESS KNEE TRAIL KITTY HAWK, NC 27949 BARRIER ISLAND STATION-DUCK 1245 DUCK ROAD DUCK, NC 27949 BAY LAKE TOWER AT DISNEY 4600 N WORLD DRIVE LAKE BUENA VISTA, FL 32830 BEACH HOUSE GOLF & RACQUET 6800 N OCEAN BLVD MYRTLE BEACH, SC 29577 BEACH HOUSE SEASIDE CNR MARINE PARADE AND MCLEAN STREET COOLANGATTA, QLD 4225 BEACH VILLAS AT DIVI PHOENIX J E IRAUSQUIN BLVD 75 PALM BEACH ARUBA, NETHERLANDS ANTILLES BEACHCOMBER INTERNATIONAL 122 GRIFFITH STREET COOLANGATTA, QLD 4225 BELAIR BEACH HOTEL P.O. BOX 940 PHILIPSBURGH SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN BETHEL INN P. O. BOX 49 17 BROAD STREET BETHEL, ME 04217 BEVERLY HILLS CALLE RODEO,9, URB. OASIS DEL SUR LOS CRISTIANOS,38650 ARONA TENERIFE, BEVERLY HILLS HEIGHTS C/SIERRA NEVADA,1 URB.OASIS DEL SUR LOS CRISTIANOS, 38650 ARONA TENERIFE, BLUEBAY BEACH AV. PABLO PICASSO 6 BAHIA FELIZ, SAN AGUSTIN SAN BARTOLOME DE TIRAJANA GRAN CANARIA, 35107 BLUEBAY VILLAS DORADAS PLAYA DORADA COMPLEX PUERTO PLATA, DOMINICAN REPUBLIC +BLUEBEARD'S BEACH 7511 FRENCHMAN'S BAY # 100 ST THOMAS, VI 00802 BLUEGREEN AT ATLANTIC PALACE 1507 BOARDWALK ATLANTIC CITY, NJ 08401 BLUEGREEN 36 372 E. TROPICANA AVE. LAS VEGAS, NV 89169 BOAMBEE BAY 8 BARBER CLOSE TOORMINA, NSW 2452 BOUGAINVILLEA BEACH MAXWELL COAST ROAD CHRIST CHURCH, BARBADOS BRANSON YACHT AT ROCK LANE 611 ROCK LANE RD BRANSON, MO 65616 BRANSON'S NANTUCKET 2837 STATE HWY 265 SUITE 2 BRANSON, MO 65616 BREEZY POINT TIMESHARE PO BOX 285 BREEZY POINT, MN 56472 BREWSTER GREEN 203 LUND FARM WAY BREWSTER, MA 02631 BRIARWOOD 30 PINE VALLEY DRIVE FALMOUTH, MA 02540 BSC @OLYMPUS 30 LITANG ROAD CHANGPING DISTRICT BEIJING, 102209 CHINA, PEOP REP OF CALABOGIE LODGE 729 MILL STREET GREATER MADAWASKA TWSP CALABOGIE, ON K0J 1H0 CALIENTE CARIBE-ALL INCLUSIVE ABREU, DOMINICAN REPUBLIC CALLAO GARDEN CALLAO SALVAJE ADEJE 38678 TENERIFE, HOUSE BEACH 1704 N. OCEAN BLVD POMPANO BEACH, FL 33062 CANALTIME AT SAWLEY MARINA SAWLEY LONG EATON NOTTINGHAM, ENGLAND CANTO DEL SOL PLAZA VALLARTA JOSE CLEMENTE OROZCO 125 ZONA HOTELERA NORTE PUERTO VALLARTA, JAL 48333 CAROLINA GRANDE 2505 N OCEAN BLVD MYRTLE BEACH, SC 29577 CASA DEL MAR 621 S ATLANTIC AVE ORMOND BEACH, FL 32176 CAUSEWAY ON GULL 8087 LOST LAKE RD NISSWA, MN 56468 CEDARBROOK JCT. RT. 4 & 100 SOUTH W. BRIDGEWATER, VT 05751 CELA CANET MALIBU VILLAGE 141 AVENUE DES HAUTS DE CANET CANET EN ROUSSILLON, 66140 FRANCE CELEBRATION WORLD 7503 ATLANTIS WAY KISSIMMEE, FL 34747 CELEBRITY S DAYTONA BEACH 3711 S. ATLANTIC AVE DAYTONA BEACH SHORES, FL 32118 ABBAZIA ERZSEBET KIRALYNE U. 23 8360 KESZTHELY, HUNGARY ADELPHI AT AMPHORA POSEIDON AVENUE KATO PAPHOS PAPHOS, 8060(FAX) CYPRUS ALBUFEIRA ESTRADA DE FERREIRAS 8200-397 ALBUFEIRA, PORTUGAL Points Resort List

APHRODITE AT ERIMI GARDENS ERIMI VILLAGE LIMASSOL, 4630 CYPRUS CASA DORADA BEACH & GOLF RST. CARR.TRANSPENINSULAR KM. 18.5 SAN JOSE DEL CABO, BCS 23400 CASABLANCA CALZADA DE MARTIANEZ 4 APTO.CORREOS 233 38400 PUERTO DE LA CRUZ TENERIFE, CRANBERRY 19 KEITH AVE. RR #4 COLLINGWOOD, ON L9Y 4T9 DOBOGOMAJOR HEVIZI UT 1 8372 CSERSZEGTOMAJ, HUNGARY EL MARQUES CALLE LAS ROSAS S/N PUERTO DE SANTIAGO 38683 SANTIAGO DEL TEIDE TENERIFE, EXCELSIOR 2 AV. DE TIRAJANA 8 35100 PLAYA DEL INGLÉS GRAN CANARIA, GEOPREMIERE @ LAC MORENCY 42 RUE DE LA CHAUMINE ST HIPPOLYTE, QC J8A 2N4 MARINA CALLE MINERVA NO 2 COSTA DEL SILENCIO 38630 LAS GALLETAS TENERIFE, MELIA @ GRAN MELIA P. RICO II HIGHWAY 3 INT 955 E SECTOR COCO BEACH RIO GRANDE, PR 00745 MELIA @ GRAN MELIA PUERTO RICO HIGHWAY 3 INT 955 E SECTOR COCO BEACH RIO GRANDE, PR 00745 MELIA @ MELIA CARIBE TROP.II PLAYAS DE BAVARO PUNTA CANA, DOMINICAN REPUBLIC MELIA AT MELIA CARIBE TROPICAL PLAYAS DE BAVARO PUNTA CANA, DOMINICAN REPUBLIC OCEAN VILLAS II 105, 120TH ST (BAYSIDE) OCEAN CITY, MD 21842 OLYMPUS AT GARDEN CITY GARDEN CITY PLAYA DE LAS AMERICAS 38670 ADEJE TENERIFE, PAIHIA 67 WILLIAMS ROAD PAIHIA BAY OF ISLANDS, NEW ZEALAND RIZA TRIQ IR-RIZZI QAWRA, SPB 08 MALTA SALINA WHARF TRIQ IL-MAJJIERA QAWRA, SPB08 MALTA SEVILLA 4646 W IRLO BRONSON MEMORIAL HIGHWAY KISSIMMEE, FL 34746 SOL DEL ESTE ROOSEVELT Y PARADA 12.5 PUNTA DEL ESTE, MALD 20000 URUGUAY TENERIFE LOS DIAMANTES II URB. OASIS DEL SUR LOS CRISTIANOS, 38650 ARONA TENERIFE, 38650 VACANCES TOUTES SAISONS MONT SAINTE ANNE 355 RUE DUPONT BEAUPRE, QC G0A 1E0 COCONUT BAY 919-925 N. BIRCH ROAD FORT LAUDERDALE, FL 33304 CONDOVAC LA COSTA PLAYA HERMOSA GUANACASTE, COSTA RICA CORAL REEF BEACH 5800 GULF BLVD ST PETE BEACH, FL 33706 CORAL SANDS 66 POPE AVE P.O. BOX 5686 HILTON HEAD ISLAND, SC 29938 CORONADO GOLF & BEACH PLAYA CORONADO DTO.CHAME-PROV.PANAMA, PANAMA COSTA AZUL BEACH KM.19 VIA A CIENAGA-ZONA FRANCA,POZOS COLORADOS BAHIA DE COSTA AZUL SANTA MARTA, MAGD COLOMBIA COSTA DE ORO BEACH CALZ CAMARON SABALO 710 PO.BOX 130 MAZATLAN, SIN 82110 CRETA SUITES KOUTSOUNARI IERAPETRA LASITHI CRETE, 72200 GREECE CROWN POINT CONDOMINIUMS 220 CROWN DRIVE PO BOX 7159 RUIDOSO, NM 88355 CROWN POINT 1530 S IVORY LANE HORSESHOE BEND, AR 72512 CROWN POINTE LINKS 4375 HUNT RD FARMINGTON, MO 63640 CROWN S AT CALAHONDA URB. SITIO DE CALAHONDA PUEBLO JARALES S/N 29650 MIJAS-COSTA MÁLAGA, CROWN S AT CARONTE URB. RIVIERA DEL SOL C/ LIBRA (RECEPCION) 29650 MIJAS-COSTA MÁLAGA, CROWN S AT DELTA MAR URB. RIVIERA DEL SOL C/ LIBRA 29650 MIJAS-COSTA MÁLAGA, CROWN S AT MARBELLA URB. SITIO DE CALAHONDA C/ MONTE PARAISO 29650 MIJAS-COSTA MÁLAGA, DAYTONA SEABREEZE 3125 SOUTH ATLANTIC AVE DAYTONA BEACH SHORES, FL 32118 DEDEMAN ANTALYA HOTEL & CONVENTION LARA YOLU ANTALYA, 07100 TURKEY DEDEMAN OLIVE TREE CATALKOY GIRNE, MERSIN 10 NORTHERN CYPRUS DESERT ARROYO PHOENIX 4647 E FRANCISCO DR PHOENIX, AZ 85044 DESIRE & SPA LOS CABOS BLVD PASEOS SN JOSE S/N MLCN CORREDOR TURISTICO SAN JOSE DEL CABO, BCS 23400 DESTINATIONS AT HOLIDAY PARK 1, 415 COMMONWEALTH ROAD KELOWNA, BC V4V 1P4 DISCOVERY BEACH 300 BARLOW AVE COCOA BEACH, FL 32931 DISNEY'S ANIMAL KINGDOM VILLAS 3701 OSCEOLA PARKWAY LAKE BUENA VISTA, FL 32830 Points Resort List

DISNEY'S BEACH VILLAS 1800 N EPCOT BLVD LAKE BUENA VISTA, FL 32830 DISNEY'S BOARDWALK VILLAS 2101 N EPCOT S BLVD LAKE BUENA VISTA, FL 32830 DISNEY'S HILTON HEAD ISLAND 22 HARBOURSIDE LANE HILTON HEAD ISLAND, SC 29928 DISNEY'S OLD KEY WEST 1510 NORTH COVE ROAD LAKE BUENA VISTA, FL 32830 DISNEY'S SARATOGA SPRINGS 1960 BROADWAY LAKE BUENA VISTA, FL 32830 DISNEY'S VERO BEACH 9250 ISLAND GROVE TERRACE VERO BEACH, FL 32963 DISNEY'S WILDERNESS LODGE VILLAS 901 TIMBERLINE DR LAKE BUENA VISTA, FL 32830 DIVI ARUBA PHOENIX BEACH J E IRAUSQUIN BLVD 75 PALM BEACH ARUBA, NETHERLANDS ANTILLES DIVI CARINA BAY & CASINO 25 ESTATE TURNERS HOLE CHRISTIANSTED ST CROIX, VI 00820 DIVI DUTCH VILLAGE J E IRAUSQUIN BLVD 93 ORANJESTAD ARUBA, NETHERLANDS ANTILLES DIVI FLAMINGO BEACH J.A. ABRAHAM BLVD #40 BOX 143 KRALENDIJK, BONAIRE, NETHERLANDS ANTILLES DIVI SOUTHWINDS BEACH & RACQUET CLB ST. LAWRENCE GAP CHRIST CHURCH, BARBADOS DIVI VILLAGE J E IRAUSQUIN BLVD 93 ORANJESTAD ARUBA, NETHERLANDS ANTILLES DIVI VILLAGE GOLF AND BEACH J.E. IRAUSQUIN BLVD #93 ORANJESTAD ARUBA, NETHERLANDS ANTILLES +DOLPHIN'S COVE 465 W ORANGEWOOD AVE ANAHEIM, CA 92802 DON PANCHO BEACH 62 MILLER ST KELLY'S BEACH BARGARA, QLD 4670 EAGLE VILLAGE EAGLE VILLAGE POA TAMIMENT, PA 18371 EASTERN SLOPE INN 2760 WHITE MOUNTAIN HWY BOX 359 NORTH CONWAY, NH 03860 EL CID EL MORO BEACH AV CAMARON SABALO S/N MAZATLAN, SIN 82110 EL CID GRANADA COUNTRY AVE. CAMARON SABALO S/N PO BOX 813 MAZATLAN, SIN 82110 EL CID MARINA BEACH AVE CAMARON SABALO S/N MAZATLAN, SIN 82110 EL MARQUES C/ LAS ROSAS S/N PUERTO DE SANTIAGO 38683 SANTIAGO DEL TEIDE TENERIFE, 38683 ELITE FUERTEVENTURA C/ EL GRECO S/N CALETA DE FUSTE 35630 ANTIGUA FUERTEVENTURA, ELKHORN BOX 40 ONANOLE, MB R0J 1N0 ENCANTADA 3070 SECRET LAKE DRIVE KISSIMMEE, FL 34747 ESTURION DE MONTOYA,DE LUXE AND SUITES PLAYA DE MONTOYA LA BARRA PUNTA DEL ESTE, MALD URUGUAY EVC @ ELKHORN BOX 40 ONANOLE, MB R0J 1N0 FAIRFIELD HARBOUR 475 BROAD CREEK ROAD NEW BERN, NC 28560 FAIRWAY FOREST AT SAPPHIRE VALLEY 4350 HIGHWAY 64 W SAPPHIRE, NC 28774 FAIRWAYS AVDA. M. ANGELES ASCANIO CULLEN, Nº 26 SAN MIGUEL DE ABONA TENERIFE, 38639 FAIRWAYS OF THE MOUNTAINS/LAKE LURE 180 HERMAN WILSON RD LAKE LURE, NC 28746 FALL RIVER VILLAGE 200 FILBEY COURT ESTES PARK, CO 80517 FANTASEA S LA SAMMANA 1400 W BRIGANTINE AVE BRIGANTINE, NJ 08203 FERIEN BELLEVUE (MONDI) KARL-HEINRICH-WAGGERL STR.9 5640 BAD GASTEIN, AUSTRIA FERIEN BREITENBERGERHOF (MONDI) GAMPENSTR. 40 39010 TSCHERMS, BZ FERIEN MITTERFELS(MONDI) STEINBURGER STRASSE 2 94360 MITTERFELS, GERMANY FERIEN SCHLOESSLHOF (MONDI) KOEGELESTRASSE 19 6094 AXAMS/TYROL, AUSTRIA FERIEN TIROLENSIS (MONDI) TISENS 75 A 39010 PRISSIAN/BOZEN, FLAMINGO BEACH DIST. 4 TEMPATE, CANTON 3 SANTA CRUZ GUANACASTE, COSTA RICA FONTANA / PINUS APARTMENTS VITANJA BB 21465 JELSA, CROATIA FOX HILLS 250 WEST CHURCH PO BOX 129 MISHICOT, WI 54228 FOXRUN TOWNHOUSES 180 HERMAN WILSON ROAD LAKE LURE, NC 28746 FRENCH QUARTER 3706 WEST HWY 76 BRANSON, MO 65616 FT LAUDERDALE BEACH 909 BREAKERS AVE FORT LAUDERDALE, FL 33304 GASLAMP PLAZA SUITES 520 E STREET SAN DIEGO, CA 92101 GATLINBURG TOWN SQUARE 414 HISTORIC NATURE TRAIL GATLINBURG, TN 37738 GEO GROUP AT IMPERIALAKES 5950 IMPERIALAKES BLVD SUITE #3 MULBERRY, FL 33860 GEO GROUP AT LAC MORENCY 42 RUE DE LA CHAUMINE ST HIPPOLYTE, QC J8A 2N4 Points Resort List

GEO HOLIDAY @ JOCKEY 3700 LAS VEGAS BLVD S LAS VEGAS, NV 89109 GEOHOLIDAY @ PLAZA 121 WEST ST RENO, NV 89501 GEOHOLIDAY AT HAVASU DUNES 620 S LAKE HAVASU AVE LAKE HAVASU CITY, AZ 86406 GEORGIAN MANOR RST & COUNTRY 10 VACATION INN DR. COLLINGWOOD, ON L9Y 5G4 GOLDEN STRAND OCEAN VILLA 17901 COLLINS AVE SUNNY ISLES BEACH, FL 33160 GOLF-UND FERIEN AMADEUS BRAEULEITEN 8-10 A-5550 RADSTADT, A-5550 AUSTRIA GPR AT CARLSBAD INN BEACH 3075 CARLSBAD BLVD CARLSBAD, CA 92008 GPR AT CARLSBAD SEAPOINTE 6400 SURFSIDE LANE CARLSBAD, CA 92009 GPR AT CORONADO BEACH 1415 ORANGE AVE CORONADO, CA 92118 GPR AT PANORAMA VACATION RETREAT PANORAMA TIMESHARE DIV PANORAMA, BC V0A 1T0 GPR AT SO CAL BEACH 121 S PACIFIC ST OCEANSIDE, CA 92054 GRAND DESTINATIONS VACATION AT THE OASIS 897 MESQUITE BLVD. MESQUITE, NV 89027 GRAND LODGE CRESTED BUTTE 6 EMMONS LOOP MOUNT CRESTED BUTTE, CO 81225 GRAND SUITES @ THE CARAVANSERAI #2 BEACON HILL RD SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN GRANDE VILLAS AT WORLD GOLF VILLAGE 100 FRONT NINE DRIVE ST AUGUSTINE, FL 32092 GRANDVIEW AT LAS VEGAS 9940 LAS VEGAS BLVD SOUTH LAS VEGAS, NV 89183 GRIZZLY JACKS GRAND BEAR 2643 N HWY 178 UTICA, IL 61373 GURNEY'S INN & SPA 290 OLD MONTAUK HWY MONTAUK, NY 11954 H10 OCEAN BLUE & OCEAN SAND CARRETERA ARENA GORDA PLAYA BAVARO PUNTA CANA, DOMINICAN REPUBLIC HALIBURTON HEIGHTS # 1701 WIGAMOG RD RR#2 HALIBURTON, ON K0M 1S0 HARBOUR INN & 1 POPLAR CRESCENT BRECHIN, ON L0K 1B0 HARBOUR LIGHTS 2690 HARBOUR LIGHTS DRIVE MYRTLE BEACH, SC 29579 HAVASU DUNES 620 S LAKE HAVASU AVE LAKE HAVASU CITY, AZ 86406 HERITAGE S MARBESA URB. MARBESA CTRA DE CÁDIZ KM. 192.8 29604 MARBELLA MÁLAGA, HGV @ SOUTH BEACH 1430 OCEAN DRIVE MIAMI BEACH, FL 33139 HGV AT MARBRISA 5500 GRAND PACIFIC DR CARLSBAD, CA 92008 HGV AT SEAWORLD 6924 GRAND VACATIONS WAY ORLANDO, FL 32821 HGV ON INTERNATIONAL DRIVE 8122 ARREZZO WAY ORLANDO, FL 32821 HGV ON THE LAS VEGAS STRIP 2650 LAS VEGAS BLVD SOUTH LAS VEGAS, NV 89109 HGV-LAS VEGAS 455 KAREN AVENUE LAS VEGAS, NV 89109 HIAWATHA MANOR @ LAKE TANSI VILLAGE 8007 CHEROKEE TRAIL CROSSVILLE, TN 38572 HIAWATHA MANOR WEST @ LAKE TANSI 8007 CHEROKEE TRAIL CROSSVILLE, TN 38572 HIGHLANDS @ VERDE RIDGE 625 S VERDE SANTA FE PKWY CORNVILLE, AZ 86325 HILTON GARDEN INN TAMPA NORTH 600 TAMPA OAKS BOULEVARD TEMPLE TERRACE, FL 33637 HIPPOCAMPUS BEACH CALLE EL CRISTO, SECTOR LA CARANTA PAMPATAR ISLA DE MARGARITA, NESP 6316 VENEZUELA HIPPOCAMPUS VILLAS CALLE EL CRISTO SECTOR LA CARANTA PAMPATAR ISLA DE MARGARITA, NESP 6316 VENEZUELA *HMI AT CALYPSO GRIFFITH & MCDONALD STS COOLANGATTA, QLD 4225 HNA@ BEACH & SPA HAIKOU NO. 111 WEST BINHAI ROAD, HAIKOU CITY, HAINAN, 570312 CHINA, PEOP REP OF HNA@ INTL'L AP CONVENTION CTR SANYA SANYA BAY DISTRICT SANYA, HAINAN, 572000 CHINA, PEOP REP OF HNA@ KANGLE GARDEN HAINAN KANG LE GARDEN, WANNING, XING LONG, HAINAN, 571533 CHINA, PEOP REP OF HOLIDAY BEACH - DESTIN 1006 US HWY 98 EAST PO BOX 125 DESTIN, FL 32541 HOLIDAY ARE ARE STRAND BOX 68 S-83014 ARE, SWEDEN HOLIDAY EKERUM GOLF EKERUMS GARD BORGHOLM, S-38792 SWEDEN HOLIDAY HEVIZ VAJDA AKOS UTCA 3 8380 HEVIZ, HUNGARY HOLIDAY KATINKULTA FIN-88610 VUOKATTI, FINLAND HOLIDAY KELORINNE REVONTULENTIE 2 FIN-98900 SALLATUNTURI, FINLAND HOLIDAY KUMON TROPIIKKI KYLPYLANTIE FIN-93600 KUMO, FINLAND Points Resort List

HOLIDAY PUERTO CALMA JOAQUIN BLANCO TORRENT 2 PUERTO RICO 35130 MOGAN GRAN CANARIA, HOLIDAY PYHANIEMI PYHANIEMENTIE 251 FIN-39820 KIHNIO, FINLAND HOLIDAY SAARISELKA FIN-99830 SAARISELKA, FINLAND HOLIDAY SALLA REVONTULENTIE 2 FIN-98900 SALLATUNTURI, FINLAND HOLIDAY TAMPEREEN KYLPYLA LAPINNIEMENRANTA 12 FIN-33180 TAMPERE, FINLAND HOLIDAY YLLAS 1 AKASENTIE 3 FIN-95970 AKASLOMPOLO, FINLAND HOLIDAY INN VACATIONS SMOKYMTN 404 HISTORIC NATURE TRAIL GATLINBURG, TN 37738 HOLIDAY INN VACATIONS- ASCUTNEY 485 HOTEL RD BROWNSVILLE, VT 05037 HOLIDAY INN VACATIONS- LKGENEVA 7020 GRAND GENEVA WAY HWY 50 EAST & HWY 12 LAKE GENEVA, WI 53147 HOLIDAY INN ORANGE LAKE-E VILLAGE RT 192 W 8505 IRLO BRONSON MEM HWY KISSIMMEE, FL 34747 HOLIDAY INN ORANGE LAKE-N VILLAGE RT 192 W 8505 IRLO BRONSON MEM HWY KISSIMMEE, FL 34747 HOLIDAY INN ORANGE LAKE- RIVER ISL RT 192 W 8505 IRLO BRONSON MEM HWY KISSIMMEE, FL 34747 HOLIDAY INN ORANGE LAKE-W VILLAGE RT 192 W 8505 IRLO BRONSON MEM HWY KISSIMMEE, FL 34747 HOLIDAY INN SOUTH BEACH 3000 SOUTH OCEAN BLVD MYRTLE BEACH, SC 29577 HOLIDAY INN-DESERT 3950 KOVAL LANE LAS VEGAS, NV 89109 HOLLY TREE 412 MAIN ST WEST YARMOUTH, MA 02673 HOLLYWOOD BEACH TOWER 301 HARRISON ST. HOLLYWOOD, FL 33019 HOLLYWOOD MIRAGE C/SIERRA NEVADA S/N URB. OASIS DEL SUR, LOS CRISTIANOS, 38650 ARONA TENERIFE, HOTEL MARINA EL CID SPA & BEACH RST BLVD. EL CID SM.03 MZA.20 LOTE 1-01 UNIDAD 15 PUERTO MORELOS, QROO 77580 HOTEL MARINA PALACE AV.DELFIM MOREIRA 630 PRAIA DO LEBLON RIO DE JANEIRO, RJ 22441-000 HURGHADA PARADISE HURGHADA RED SEA, EGYPT IL POGGIO LOC. IL POGGIO CELLE SUL RIGO 53040 S. CASCIANO BAGNI, (SI) INGLESES HOLIDAY RUA DAS GAIVOTAS, 1709 PRAIA DOS INGLESES FLORIANOPOLIS, SC 88058-500 INN AT SILVERCREEK 62927 HIGHWAY 40 PO BOX 4041 SILVERCREEK, CO 80446 INNSEASON S POLLARD BROOK 33 BROOKLINE ROAD LINCOLN, NH 03251 INNSEASON S SURFSIDE 134 MENAUHANT RD FALMOUTH, MA 02536 INNSEASON THE FALLS AT OGUNQUIT 639 MAIN ST OGUNQUIT, ME 03907 INVERNESS AT SOUTH PADRE 5600 GULF BLVD PO BOX 2307 SOUTH PADRE ISLAND, TX 78597 INVERNESS BY THE SEA 7600 SEAWALL BLVD GALVESTON, TX 77551 ISCHIA UNO RESIDENCE VIA FORCHE 3 PANZA 80075 FORIO D'ISCHIA, (NA) ISLAND LINKS BY CORAL S P.O. BOX 5686 HILTON HEAD ISLAND, SC 29938 ISLAND LINKS P.O. BOX 5686 HILTON HEAD ISLAND, SC 29938 ISLANDER BEACH 1601 S ATLANTIC AVE NEW SMYRNA BEACH, FL 32169 JARDINES DEL PLAZA AV. PAPA LUNA 158 12598 PENÍSCOLA CASTELLON, KINGSTOWN REEF 12000 INTERNATIONAL DR ORLANDO, FL 32821 KINSTON MANOR AT FOXWOOD 10 KINSTON MANOR DRIVE WESTMINSTER, SC 29693 KUORTANE SPORTS OPISTOTIE 1 FI-63100 KUORTANE, 63100 FINLAND KYNETON BUSHLAND 252 EDGECOMBE ROAD KYNETON, VIC 3444 LA CASELLA STRADA LA CASELLA 4 05016 FICULLE, (TR) LA RINCONADA TEQUISQUIAPAN AV JUAREZ OTE NO. 19 COL. CENTRO TEQUISQUIAPAN, QRO 76750 LAKE OKANAGAN 2751 WESTSIDE RD KELOWNA, BC V1Z 3T1 LAKEVIEW GOLF AND SPA 1 LAKEVIEW DRIVE MORGANTOWN, WV 26508 LANDMARK HOLIDAY BEACH 17501 FRONT BEACH ROAD PANAMA CITY BEACH, FL 32413 LAS BRISAS PLAYA BLANCA 35570 YAIZA LANZAROTE, LAUREL CREST 636 WEARS VALLEY ROAD PIGEON FORGE, TN 37863 LAWAI BEACH 5017 LAWAI ROAD KOLOA,, HI 96756 LEGACY VAC CL STEAMBOAT SPR HILLTOP 1000 HIGHPOINT DR PO BOX 770388 STEAMBOAT SPRINGS, CO 80477 Points Resort List

LEGACY VAC CLB ORLANDO RST WORLDII 2800 N POINCIANA BLVD KISSIMMEE, FL 34746 LEGACY VAC BRIGANTINE BEACH 1400 OCEAN AVE BRIGANTINE, NJ 08203 LEGACY VAC LAKE BUENA VISTA 8451 PALM PARKWAY ORLANDO, FL 32836 LEGACY VAC STEAMBOAT SUITES 1485 PINE GROVE ROAD PO BOX 774306 STEAMBOAT SPRINGS, CO 80477 LEGACY VACATION ORLANDO - OAKS 2800 N POINCIANA BLVD KISSIMMEE, FL 34746 LEGACY VACATION ORLANDO - SPAS 2800 N POINCIANA BLVD KISSIMMEE, FL 34746 LEGACY VACATION PALM COAST 98 PALM COAST BLVD PALM COAST, FL 32137 LEGACY VACATION RENO 140 COURT STREET RENO, NV 89501 LEHIGH 231 JOEL BLVD LEHIGH ACRES, FL 33936 LEONIKI RESIDENCE MACHIS CRITIS 197 PLATANES RETHYMNO CRETE, 74100 GREECE LES CRETES-EUROLOISIRS LA JORETTE TORGON, CH-1899 SWITZERLAND LES NATURELLES GRIBELIERSTRASSE 37 LEUKERBAD, CH-3954 SWITZERLAND LITTLE BAY BEACH & RACQUET CLB PO BOX 961 LITTLE BAY RD PHILIPSBURG SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN LOCH RANNOCH HIGHLAND DORUS AIR RAINNEACH THE AVENUE KINLOCH RANNOCH PERTHSHIRE, PH16 5PR SCOTLAND LOS CLAVELES ASOMADA DE LOS CERES 2 LOS CRISTIANOS, 38650 ARONA TENERIFE, MACDONALD DOÑA LOLA CTRA DE CÁDIZ KM 197,5 29649 MIJAS-COSTA MÁLAGA, MACDONALD ELMERS COURT SOUTH BADDESLEY ROAD LYMINGTON HAMPSHIRE, SO41 5ZB ENGLAND MACDONALD FOREST HILL HOTEL & SPA KINLOCHARD ABERFOYLE STIRLING, FK8 3TL SCOTLAND MACDONALD LEILA PLAYA URB. SITIO DE CALAHONDA CTRA DE CÁDIZ KM 196 29649 MIJAS-COSTA MÁLAGA, MACDONALD LOCHANHULLY CARRBRIDGE INVERNESS-SHIRE, PH23 3NA SCOTLAND MACDONALD PLAS TALGARTH PENNAL NR MACHYNLLETH POWYS, SY20 9JY WALES MACDONALD SPEY VALLEY GOLF & CC DALFABER VILLAGE NR AVIEMORE INVERNESS-SHIRE, PH22 1ST SCOTLAND MACDONALD VILLACANA CTRA DE CÁDIZ KM 165 29680 ESTEPONA MÁLAGA, MACDONALDS LOCH RANNOCH HOTEL DORUS AIR RAINNEACH THE AVENUE KINLOCH RANNOCH PERTHSHIRE, PH16 5PR SCOTLAND MADEIRA REGENCY RUA CARVALHO ARAUJO 9000-042 FUNCHAL, MADEIRA, PORTUGAL MAGENS BAY VILLAS AT MAGENS 6200 POINT MAGENS MAGENS BAY ROAD ST THOMAS, VI 00802 MAGIC TREE 2795 N OLD LAKE WILSON RD KISSIMMEE, FL 34747 MANGO TREE VACATION AT CALYPSO GRIFFITH & MCDONALD STS COOLANGATTA, QLD 4225 MARCO POLO ALPINA KREIDENBACHWEG 6 A-5761 MARIA ALM, AUSTRIA MARINA PALACE C/ES CALÓ S/N C.DE BOU-PORT DES TORRENT 07830 SAN JOSÉ IBIZA,BALEARIC ISLANDS, MARINER SHORES 260 THE ESPLANADE MIAMI, QLD 4220 MARITIME BEACH 400 N. OCEAN BLVD NORTH MYRTLE BEACH, SC 29582 MEADOW LAKE GOLF AND SKI 100 ST ANDREWS DRIVE COLUMBIA FALLS, MT 59912 MIRAFLORES BEACH AND COUNTRY URB. MIRAFLORES CTRA DE CÁDIZ KM 199 29650 MIJAS-COSTA MÁLAGA, MIZNER PLACE 1775 BONAVENTURE BLVD WESTON, FL 33326 MONESS COUNTRY MONESS HOUSE ESTATE CRIEFF ROAD ABERFELDY PERTHSHIRE, PH15 2DY SCOTLAND MONTE CARVOEIRO E PRAIA DO CARVOEIRO 8400-951 LAGOA, PORTUGAL MOUNTAIN RUN AT BOYNE 03230 MOUNTAIN EDGE ROAD BOYNE FALLS, MI 49713 MOUNTAIN VIEW AT CROWN RIDGE 326 CROWN RIDGE ROAD PO BOX 2625 NORTH CONWAY, NH 03860 MOUNTAINLOFT 110 MOUNTAIN LOFT DR GATLINBURG, TN 37738 MOUNTAINLOFT II 110 MOUNTAINLOFT DR GATLINBURG, TN 37738 MURRAY VALLEY MURRAY VALLEY HIGHWAY YARRAWONGA, VIC 3730 NEPEAN COUNTRY 205 BROWNS ROAD ROSEBUD, VIC 3939 NOSTOS VILLAGE TZANERIA SKIATHOS, 37002 GREECE OAK PLANTATION A SUNVEST 4090 ENCHANTED OAK CIRCLE KISSIMMEE, FL 34741 Points Resort List

OAKMONT 3062 VETERANS BLVD. PIGEON FORGE, TN 37863 OCEAN CITY COCONUT MALORIE 200 59TH STREET OCEAN CITY, MD 21842 OCEAN EAST 867 S. ATLANTIC AVE ORMOND BEACH, FL 32176 OCEAN KEY 424 ATLANTIC AVE VIRGINIA BEACH, VA 23451 OCEAN PALMS AT PORT ROYAL PORT ROYAL PLANTATION 2 GRASSLAWN AVE HILTON HEAD ISLAND, SC 29928 OCEAN REEF YACHT AND P.O. BOX F-2695 FREEPORT GRAND BAHAMA ISLAND, BAHAMAS OCEAN SANDS 2207 ATLANTIC AVE VIRGINIA BEACH, VA 23451 OLD HOUSE VILLAGE HOTEL & SPA 1730/1800 RIVERSIDE LANE COURTENAY, BC V9N 8C7 OLYMPIC VILLAGE INN 1909 CHAMONIX PLACE PO BOX 2395 OLYMPIC VALLEY, CA 96146 *ORANGE TREE GOLF 10601 NORTH 56TH STREET SCOTTSDALE, AZ 85254 ORBIT ONE VACATION VILLAS 2950 ENTRY POINT ROW KISSIMMEE, FL 34747 +ORLANDO INTERNATIONAL 5353 DEL VERDE WAY ORLANDO, FL 32819 ORLANDO'S SUNSHINE II 5473 DEL VERDE WAY ORLANDO, FL 32819 OURA VIEW BEACH RUA RAMALHO ORTIGAO APARTADO 761 PRAIA DA OURA 8200-604 ALBUFEIRA, PORTUGAL OYSTER POINTE 1570 US HIGHWAY 1 SEBASTIAN, FL 32958 PACIFIC SHORES FRACTIONAL RESIDENCE 1-1600 STROUGLER ROAD NANOOSE BAY, BC V9P 9B7 PACIFIC SHORES AND SPA 1-1600 STROUGLER ROAD NANOOSE BAY, BC V9P 9B7 PALACE RESIDENCE 2 VIA MONTEROTTA 18 10058 SESTRIERE, (TO) PALACE RESIDENCE I VIA LA GLEISA 11 10058 SESTRIERE, (TO) PALM BEACH AVDA. V CENTENARIO S/N PLAYA DE LAS AMERICAS 38660 ADEJE TENERIFE, PALM BEACH SHORES RST & VAC. VILLAS 181 OCEAN AVE PALM BEACH SHORES, FL 33404 PALM TREE PO BOX 769 LAMU ROAD MALINDI, KENYA PANARETI PAFOS POSIDONOS AVENUE PAPHOS, 8042 CYPRUS PARC SOLEIL BY HGVC 11272 DESFORGES AVENUE ORLANDO, FL 32836 PARK PLAZA 2060 SIDEWINDER DRIVE PO BOX 706 PARK CITY, UT 84060 PARKSIDE 1821 MERRIMAC TRAIL WILLIAMSBURG, VA 23185 PARKSIDE VICTORIA & SPA 810 HUMBOLDT ST VICTORIA, BC V8V 5B1 PARQUE DENIA CTRA DENIA JÀVEA 118 LAS ROTAS 03700 DENIA ALICANTE, PATRICK HENRY SQUARE 315 YORK STREET WILLIAMSBURG, VA 23185 PEACOCK SUITES 1745 SOUTH ANAHEIM BLVD ANAHEIM, CA 92805 PEARLY GREY OCEAN PERLA GRIS URB. CALLAO SALVAJE 38678 ADEJE TENERIFE, PEÑISCOLA PLAZA AV. PAPA LUNA,160 12598 PEÑISCOLA CASTELLON, PERGOLA HOLIDAY & LEISURE ADENAU STREET MELLIEHA, MLH 03 MALTA PESTANA ALVOR BEACH PESTANA ALVOR PRAIA PRAIA DOS 3 IRMAOS 8501-904 ALVOR, PORTUGAL PESTANA ALVOR PARK ADEGA QUINTA DO RIBEIRO 8501-904 ALVOR, PORTUGAL PESTANA GRAND HOTEL PONTA DA CRUZ APARTADO 1 9000-103 FUNCHAL, MADEIRA, PORTUGAL PESTANA MADEIRA BEACH CARLTON MADEIRA HOTEL LARGO ANTONIO NOBRE 9004-531 FUNCHAL, MADEIRA, PORTUGAL PESTANA MIRAMAR ESTRADA MONUMENTAL 9000-098 FUNCHAL, MADEIRA, PORTUGAL PESTANA PALM GARDENS VALE DE CENTEANES PRAIA DO CARVOEIRO 8400-525 LAGOA, PORTUGAL PESTANA PALMS RUA DO GORGULHO 17 9000-107 FUNCHAL, MADEIRA, PORTUGAL PESTANA PROMENADE H. OCEAN RUA SIMPLICIO DOS PASSOS NR 31 GOUVEIA 9004-576 FUNCHAL, PORTUGAL PESTANA VIKING HOTEL PRAIA SENHORA DA ROCHA ARMACAO DE PERA 8400-450 PORCHES, PORTUGAL PESTANA VILLAGE ESTRADA MONUMENTAL 194 SAO MARTINHO 9000-098 FUNCHAL, MADEIRA, PORTUGAL PETNEHAZY HOTEL FEKETEFEJ U. 2-4. 1029 BUDAPEST, HUNGARY PIER 7 CONDOMINIUMS 711 MAIN ST SOUTH YARMOUTH, MA 02664 PINECLIFF VILLAGE 26060 U.S. HIGHWAY 70 RUIDOSO, NM 88345 PLANTATION OF MYRTLE BEACH % PLANTATION 1250 US HIGHWAY 17 NORTH SURFSIDE BEACH, SC 29575 PLANTATION VILLAS % PLANTATION 1250 US HIGHWAY 17 NORTH SURFSIDE BEACH, SC 29575 Points Resort List

PLAYA LINDA BEACH J E IRAUSQUIN BLVD 87 ORANJESTAD ARUBA, NETHERLANDS ANTILLES PLAYA PALACE AV. 4 Y COSTANERA COSTA DEL ESTE, BSAS 7108 ARGENTINA PLAYERS 35 DEALLYON AVENUE P.O. BOX 7973 HILTON HEAD ISLAND, SC 29938 PLAZA PELICANOS GRAND BEACH JOSE CLEMENTE OROZCO NO.131 ZONA HOTELERA LAS GLORIAS PUERTO VALLARTA, JAL 48300 PLAZA 121 WEST STREET RENO, NV 89501 PLAZA SPA APARTMENTS ARI VELOUHIOTI STR. PERIVOLIA RETHYMNO CRETE, 74100 GREECE PLAZA SUITE HOTEL 620 S PETERS ST NEW ORLEANS, LA 70130 PONO KAI 4-1250 KUHIO HIGHWAY KAPAA, KAUAI, HI 96746 PORT O'CALL SHIPYARD PLANTATION P.O. BOX 5686 HILTON HEAD ISLAND, SC 29938 PORT PACIFIC 6-14 CLARENCE ST PORT MACQUARIE, NSW 2444 PORTES DU SOLEIL CHAMPOUSSIN VILLAGE VAL D ILLIEZ, CH-1873 SWITZERLAND PRESIDENTIAL VILLAS @PLANTATION RST % PLANTATION 1250 US HIGHWAY 17 NORTH SURFSIDE BEACH, SC 29575 PUEBLO EVITA AVDA. DE LAS PALMERAS C/ PALMITO S/N 29630 BENALMÁDENA-COSTA MÁLAGA, QUAIL HOLLOW VIL @ BEECH MT LAKES 1 EDGEROCK DRIVE DRUMS, PA 18222 RAINTREE VILLA VERA PUERTO VALLARTA PASEO DE LA MARINA # 210 FRAC, MARINA VALLARTA PUERTO VALLARTA, JAL 48354 RAINTREE'S VILLA VERA ACAPULCO LOMAS DEL MAR 35 FRACC. DEPORTIVO ACAPULCO, GRO 39690 RAYBURN COUNTRY TIMESHARE POINTE HSE #39 CIRCLE DRIVE PO BOX 5218 SAM RAYBURN, TX 75951 RCT VACACIONAL R.P. NRO 11 KM 542,5 PJE SIEMPRE VERDE CHAPADMALAL-MAR DEL PLATA, BSAS ARGENTINA REEF YUCATAN ALL INCLUSIVE HOTEL KM.32 CARRET.PROGRESO- TELCHAC PROGRESO, YUC 97320 RESIDENCE BORGO AL SOLE BORGATA LERPA 32047 SAPPADA, (BL) RESIDENCE PANORAMA VILLARS ROUTE DU VILLAGE CASE POSTALE 184 VILLARS SUR OLLON, CH-1884 SWITZERLAND RESIDENCE PORTOSELVAGGIO LOCALITA' MARINA DI NARDò CONTRADA SCIOLGI 73048 NARDO', (LE) RESIDENCE VERDE MARE VIA SAN GEMILIANO 10 LOCALITA' SAN GEMILIANO 08041 TORTOLI' ARBATAX, (NU) RESIDENZA DEI CAVALLEGGERI VIA DEI CAVALLEGGERI 6 57027 SAN VINCENZO, (LI) ROARK VACATION 403 N VETERANS BLVD BRANSON, MO 65616 ROUNDHOUSE 5829 BUCK SPRINGS ROAD PO BOX 1468 PINETOP, AZ 85935 ROYAL FLORIDIAN 51 S ATLANTIC AVE ORMOND BEACH, FL 32176 ROYAL ISLANDER "LA PLAGE" MAHO REEF P.O. BOX 2000 MAHO BAY SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN ROYAL ISLANDER "LA TERRASSE" PO BOX 2000 RHINE RD 1, MAHO BEACH SIMPSON BAY SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN ROYAL ISLANDER GREAT BAY 19 LITTLE BAY ROAD SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN ROYAL ORCHID TRAVESSA VISTA DA PRAIA CANICO DE BAIXO 9125-039 CANICO, MADEIRA, PORTUGAL ROYAL PARK ALBATROS URB EL GUINCHO GOLF DEL SUR 38620 SAN MIGUEL DE ABONA TENERIFE, ROYAL ROCHEBRUNE 5 ALLEE DU SPORTING DE ROCHEBRUNE MEGEVE, 74120 FRANCE ROYALE BEACH & TENNIS 400 PADRE BLVD PO BOX 2879 SOUTH PADRE ISLAND, TX 78597 RVC'S CIMARRON PALM SPRINGS 67-707 30TH AVENUE CATHEDRAL CITY, CA 92234 RVC'S REGINA CANCUN BLVD KUKULCAN KM 20.5 LOTES 70 Y 71 ZONA 2 HOTELERA CANCUN, QROO 77500 RVC'S REGINA LOS CABOS CARR.TRANSPENINSULAR KM.22.5 SAN JOSE DEL CABO, BCS 23400 RVC'S REGINA PUERTO VALLARTA PASEO DE LA MARINA SUR 205 FRENTE A OPEQUIMAR FRACC. MARINA VALLARTA PUERTO VALLARTA, JAL 48354 RVC'S SANDCASTLE AT BIRCH BAY 7854 BIRCH BAY DRIVE BLAINE, WA 98230 SALWAN HOTEL APARTMENTS SHAMS 1, JUMEIRAH BEACH DUBAI MARINA P.O. BOX 500388 DUBAI, UNITED ARAB EMIRATES SAN CLEMENTE INN 2600 AVE DEL PRESIDENTE SAN CLEMENTE, CA 92672 SAN LUIS BAY INN 3254 AVILA BEACH DRIVE P.O. BOX 189 AVILA BEACH, CA 93424 SAND PEBBLE 12300 GULF BLVD TREASURE ISLAND, FL 33706 SANDOS CARACOL BEACH RST.& SPA CARR.CANCUN-CHETUMAL KM.295 PLAYA DEL CARMEN, QROO 77710 Points Resort List

SANDOS PLAYACAR BEACH PASEO XAMAN-HA MANZANA 1 LOTE 1, FRACC. PLAYACAR PLAYA DEL CARMEN, QROO 77710 SANDS BEACH 9400 SHORE DRIVE MYRTLE BEACH, SC 29577 SANDS OF N WELLS 75-188 HIGHWAY 111 N WELLS, CA 92210 SANDSTONE CREEK 1020 VAIL VIEW DRIVE VAIL, CO 81657 SANDYPORT BEACHES WEST BAY P.O. BOX SP-63162 NASSAU, BAHAMAS SAPPHIRE BEACH LOWLANDS 147 CUPECOY BEACH SINT MAARTEN, ST MAARTEN DUTCH CARIBBEAN SEA ADVENTURE & WATERPARK CARR. PUERTO JUAREZ PUNTA SAM KM. 1.5 CANCUN, QROO 77500 SEA MIST 141 GREAT NECK ROAD SOUTH MASHPEE, MA 02649 SEDONA PINES 6701 WEST HIGHWAY 89A SEDONA, AZ 86336 SEDONA SPRINGS 55 NORTHVIEW ROAD SEDONA, AZ 86336 SES FONTANELLAS PLAZA URB. SES FONTANELLAS CTRA PORT DES TORRENT S/N 07820 SAN ANTONIO ABAD IBIZA, BALEARIC ISLANDS, SEVENTH MOUNTAIN 18575 SW CENTURY DRIVE BEND, OR 97702 SHAKESPEARE CLASSIC LINE MERCIA MARINA FINDERN LANE WILLINGTON DERBYSHIRE, DE65 6DW ENGLAND SHERATON VISTANA 8800 VISTANA CENTRE DRIVE ORLANDO, FL 32821 SHERATON VISTANA - FOUNTAINS 8800 VISTANA CENTRE DRIVE ORLANDO, FL 32821 SHORE CREST VACATION VILLAS I 4709 S. OCEAN BOULEVARD NORTH MYRTLE BEACH, SC 29582 SHORE CREST VACATION VILLAS II 4708 S. OCEAN BLVD. NORTH MYRTLE BEACH, SC 29582 SILVER BEACH 1025 S. ATLANTIC AVE. DAYTONA BEACH, FL 32118 SILVER LAKE 7751 BLACK LAKE ROAD KISSIMMEE, FL 34747 SILVER LAKE - SILVER POINTS 7751 BLACK LAKE ROAD KISSIMMEE, FL 34747 SILVER SANDS CNR ADONIS RD & MANDURAH TERRACE MANDURAH, WA 6210 SILVERWOODS AT TREASURE LAKE OLD PA-255 & NARROWS CREEK PARK RD 1 CORAL REEF DR DUBOIS, PA 15801 SKISTAR VC TANDÅDALENS FJÄLLHOTELL FJÄLLHOTELL TÄNDÅDALEN SE-780 67 SÄLEN, 780 67 SWEDEN SMUGGLERS' NOTCH 4323 RT. 108 S. SMUGGLERS' NOTCH, VT 05464 SOLANAS FOREST RUTA INTERBALNEARIA KM. 118.5 PUNTA DEL ESTE, MALD URUGUAY SOLANAS ROYALMAR RUTA INTERBALNEARIA KM. 118.5 PUNTA DEL ESTE, MALD URUGUAY SOLARA SURFSIDE 8801 COLLINS AVENUE SURFSIDE, FL 33154 SOUTH MOUNTAIN S 23 INNSEASON DR LINCOLN, NH 03251 +STAR ISLAND 5000 AVENUE OF THE STARS KISSIMMEE, FL 34746 STARDUST-TAHOE 4061 LAKE TAHOE BLVD SOUTH LAKE TAHOE, CA 96150 STEELE HILL S - SOUTH 516 STEELE HILL RD SANBORNTON, NH 03269 STONERIDGE 176 HOLIDAY LOOP BLANCHARD, ID 83804 SUITES AT ATTITASH MTN VILLAGE 784 US ROUTE 302 PO BOX 358 BARTLETT, NH 03812 SUMMER BAY 17805 US HIGHWAY 192 CLERMONT, FL 34714 SUN BEACH HOLIDAY IALYSSOS BEACH P.O BOX 272 RHODES, 85100 GREECE SUNBAY 4810 CENTRAL AVE HOT SPRINGS, AR 71913 SUNCHASER VACATION VILLAS 5129 RIVERVIEW GATE ROAD FAIRMONT HOT SPRINGS, BC V0B 1L1 SUNCHASER VACATION VILLAS RIVERSIDE 5129 RIVERVIEW GATE RD FAIRMONT HOT SPRINGS, BC V0B 1L1 SUNNY COAST QAWRA BAY QAWRA, SPB 1981 MALTA SUNRAYSIA 300 TENTH STREET MILDURA, VIC 3500 SUNRISE RIDGE 2301 RIDGE ROAD PIGEON FORGE, TN 37863 SUNSET BEACH AVDA DEL SOL, 5. 29630 BENALMÁDENA-COSTA MÁLAGA, SUNSET HARBOR 7041 KINGSTON COVE LANE WILLIS, TX 77318 TAHITI VILLAGE 7200 LAS VEGAS BLVD SOUTH LAS VEGAS, NV 89119 TAHOE BEACH & SKI 3601 LAKE TAHOE BLVD (HWY 50) SOUTH LAKE TAHOE, CA 96150 TAHOE SEASONS 3901 SADDLE ROAD SOUTH LAKE TAHOE, CA 96150 TANGLWOOD 9 CREST DRIVE HAWLEY, PA 18428 TELEMARK 42225 TELEMARK ROAD PO BOX 609 CABLE, WI 54821 Points Resort List

TEMPTATION SPA BLVD.KUKULCAN KM. 3.5 ZONA HOTELERA CANCUN, QROO 77500 TESORO LOS CABOS AV DE LA MARINA S/N CABO SAN LUCAS, BCS 23410 TESORO MANZANILLO AV DE LA AUDIENCIA 1 PENINSULA DE SANTIAGO MANZANILLO, COL 28867 THE FALLS VILLAGE 200 CREEKSIDE ROAD BRANSON, MO 65616 THE FOUNTAINS 12400 S INTERNATIONAL DR ORLANDO, FL 32821 THE GRANGEFIELD OASIS URB. RIVIERA DEL SOL C/ TOPACIO S/N 29649 MIJAS-COSTA MÁLAGA, THE MADEIRA REGENCY PALACE ESTRADA MONUMENTAL 9000-250 FUNCHAL, MADEIRA, PORTUGAL THE MANHATTAN 200 W 56TH ST NEW YORK, NY 10019 THE MOUNTAINSIDE AT SILVERCREEK 96 MOUNTAINSIDE DRIVE BOX 4104 GRANBY, CO 80446 THE VILLAGE AT PALMETTO DUNES 10 TRENT JONES LN HILTON HEAD ISLAND, SC 29938 THE VILLAS AT COOSAWATTEE I 634 BEAVER LAKE DR UNIT 5160 ELLIJAY, GA 30540 THE VILLAS AT FAIRWAY ROUTE 209 BUSHKILL, PA 18324 THE ALEXANDRA AND SPA GRACE BAY PROVIDENCIALES PROVIDENCIALES, TURKS AND CAICOS ISLANDS THE CLIFF AT SNOWBIRD THE CLIFF LODGE PO BOX 929000 SNOWBIRD, UT 84092 THE CLIFFS AT PEACE CANYON 4550 S GRAND CANYON DRIVE LAS VEGAS, NV 89147 THE COCONUT PALMS VISTA DEL CARIBE CABARETE, DOMINICAN REPUBLIC THE COLONNADE 245 JESS JO PARKWAY BRANSON, MO 65616 THE COVE AT YARMOUTH 183 MAIN STREET WEST YARMOUTH, MA 02673 THE CRANE RESIDENTIAL CRANE ST PHILIP, BARBADOS THE DYSERTH FALLS DYSERTH RHYL, LL18 6DX WALES THE EDGEWATER BEACH 95 CHASE AVENUE DENNISPORT, MA 02639 THE HAMMOCKS AT MARATHON 1688 OVERSEAS HIGHWAY MARATHON, FL 33050 THE HARBOUR AV.JOSE GONZALEZ FORTE,26 38683 LOS GIGANTES TENERIFE, THE HILTON OF NEW YORK 1335 AVE OF THE AMERICAS NEW YORK, NY 10019 THE HOLIDAY AT SEVILLA 4646 W. IRLO BRONSON MEMORIAL HIGHWAY KISSIMMEE, FL 34746 THE JOCKEY 3700 LAS VEGAS BLVD S. LAS VEGAS, NV 89109 THE LANDING AT SEVEN COVES 7031 KINGSTON COVE LANE WILLIS, TX 77318 THE LINKS GOLF & RACQUET 917 THOMAS AVE NINTH AVENUE SOUTH NORTH MYRTLE BEACH, SC 29582 THE LODGE ALLEY INN 195 EAST BAY STREET CHARLESTON, SC 29401 THE LODGE AT KINGSBURY CROSSING 133 DEER RUN COURT PO BOX 6600 STATELINE, NV 89449 THE PARK REGENCY 1710 PROSPECTOR AVE PARK CITY, UT 84060 THE PLAZA AND SPA 2601 GOLF DRIVE PALM SPRINGS, CA 92264 THE QUARTER HOUSE 129 CHARTRES ST NEW ORLEANS, LA 70130 THE ON COCOA BEACH 1600 N. ATLANTIC AVENUE COCOA BEACH, FL 32931 THE ST. GEORGE'S ROSE HILL PO BOX GE 92 ST GEORGE, GE BX, BERMUDA THE STEAMBOAT GRAND 2300 MOUNT WERNER CIRCLE STEAMBOAT SPRINGS, CO 80487 THE SUITES AT CRYSTAL MOUNTAIN 12500 CRYSTAL MOUNTAIN DR THOMPSONVILLE, MI 49683 THE SUITES AT EASTERN SLOPE INN 2760 WHITE MOUNTAIN HWY PO BOX 359 NORTH CONWAY, NH 03860 THE SUITES AT HERSHEY 176 E HERSHEY PARK DRIVE HERSHEY, PA 17033 THE VILLAS AT TREE TOPS ROUTE 209 BUSHKILL, PA 18324 THE VILLAS OF HICKORY HILL 7900 MARTIN BLUFF ROAD GAUTIER, MS 39553 THUNDERBIRD 200 NICHOLS BLVD SPARKS, NV 89431 TIKI VILLAGE INTERNATIONAL CNR FERNY AND CAVILL AVENUE SURFERS PARADISE, QLD 4217 TORRE INSERRAGLIO - I TRAMONTI LOC. MARINA DI NARDO' CONTRADA SCIOGLI P.O. BOX 80 73048 NARDO', (LE) TORRENT BAY URB. SES BLEDAS C/ VALENCIA 4 07820 SAN ANTONIO ABAD IBIZA, BALEARIC ISLANDS, TREE TOPS 290 SHERMAN CLABO ROAD GATLINBURG, TN 37738 VACATION VACATION PROP NETWORK 5820 SHANTY CREEK RD BELLAIRE, MI 49615 VACATION INT'LE COVE @ YARMOUTH 183 MAIN ST WEST YARMOUTH, MA 02673 Points Resort List

VACATION INT'LE OASIS 4190 EAST PALM CANYON DR PALM SPRINGS, CA 92264 VACATION INT'LE PINES AT SUNRIVER MEADOW ROAD SUNRIVER, OR 97707 VACATION INT'LE ROYAL KUHIO 2240 KUHIO AVE HONOLULU, HI 96815 VACATION INT'LE SEA VILLAGE 75-5992 ALII DRIVE KAILUA-KONA, HAWAII, HI 96740 VACATION INT'LE STONERIDGE 250 CHATWOLD BLANCHARD, ID 83804 VACATION INT'LE TORRES MAZATLAN AV. SABALO CERRITOS ESQ. LOPEZ PORTILLO MAZATLAN, SIN 82110 VACATION INT'LE VALLARTA TORRE PASEO DE LAS GARZAS #168 PUERTO VALLARTA, JAL 44000 VACATION INT'LE VILLAGE @ STEAMBOAT 2400 PINE GROVE RD STEAMBOAT SPRINGS, CO 80487 VACATION INT'LE VILLAGE OF LOON MTN ROUTE 112 KANCAMAGUS HIGHWAY LINCOLN, NH 03251 VACATION VILLAGE AT BONAVENTURE 16461 RACQUET ROAD WESTON, FL 33326 VACATION VILLAGE AT PARKWAY 2949 ARABIAN NIGHTS BLVD KISSIMMEE, FL 34747 VACATION VILLAGE AT WESTON 16461 RACQUET ROAD WESTON, FL 33326 VACATION VILLAS 3795 VACATION VILLAS LANE TITUSVILLE, FL 32780 VENICE OF D'MONACO 4134 HWY 86 RIDGEDALE, MO 65739 VERA BEACH AVDA.JUAN S.EL CANO 72 URB.PUEBLO LAGUNA 04621 VERA ALMERíA, VIGILIA PARK AV.QUINTO CENTENARIO 58 PUERTO DE SANTIAGO 38683 SANTIAGO DEL TEIDE TENERIFE, VILLA VALLARTA BY CANTO DEL SOL PABLO PICASSO S/N ZONA HOTELERA LAS GLORIAS PUERTO VALLARTA, JAL 48333 VILLAGE HEIGHTS GOLF ANO HERSONISSOS LIMENAS HERSONISSOU HERAKLION 70014 CRETE, GREECE VILLAGE OF LOON MOUNTAIN LODGES ROUTE 112 PO BOX 639 LINCOLN, NH 03251 VILLAGGIO L'OLIVARA LOCALITA' GASPONI 89862 TROPEA, (VV) VILLAS @ DISNEY'S GRAND CALIFORNIAN 1600 S. DISNEYLAND DRIVE ANAHEIM, CA 92802 VILLAS AT REGAL PALMS 2700 SAND MINE RD DAVENPORT, FL 33897 VILLAS AT SUMMER BAY 17805 US HWY 192 CLERMONT, FL 34714 VILLAS SOL HOTEL AND BEACH PLAYA HERMOSA GUANACASTE, COSTA RICA VISTA MIRAGE 400 S. HERMOSA DRIVE PALM SPRINGS, CA 92262 VISTANA'S BEACH 10740 S OCEAN AVE JENSEN BEACH, FL 34957 *VOYAGER CORNER ELIZABETH AVE & OLD BURLEIGH RD BROADBEACH, QLD 4218 VVC @ VIVA WYNDHAM DOMINICUS BEACH LA ROMANA BAYAHIBE, DOMINICAN REPUBLIC VVC @ VIVA WYNDHAM DOMINICUS PALACE BAYAHIBE LA ROMANA, DOMINICAN REPUBLIC VVC @ VIVA WYNDHAM FORTUNA BEACH CHURCHILL DR. WITH DOUBLOON ROAD FREEPORT GRAND BAHAMA ISLAND, BAHAMAS VVC @ VIVA WYNDHAM MAYA XA MAN HA LOTE HOTELERO 5 FRACC. PLAYACAR PLAYA DEL CARMEN, QROO 77710 WALDORF APARTMENTS SYDNEY-SOUTH CORNER DALE & CLEVELAND STREETS CHIPPENDALE SYDNEY, NSW 2008 WAPATO POINT 1 WAPATO WAY P O BOX 426 MANSON, WA 98831 WELK S DESERT OASIS 34567 CATHEDRAL CANYON DR CATHEDRAL CITY, CA 92234 WEST 57TH STREET BY HGVC 102-108 WEST 57TH STREET NEW YORK, NY 10019 *WESTGATE VACATION VILLAS 2770 OLD LAKE WILSON ROAD STATE ROAD 545 S. KISSIMMEE, FL 34747 WHITEBIRCH AT BREEZY POINT 9252 BREEZY POINT DRIVE BREEZY POINT, MN 56472 WINDJAMMER LANDING VILLA BEACH RST LABRELOTTE BAY PO BOX 1504 CASTRIES, SAINT LUCIA WINNERS CIRCLE BEACH & TENNIS RST 550 VIA DE LA VALLE SOLANA BEACH, CA 92075 WOLF RUN MANOR AT TREASURE LAKE OLD PA-255 & NARROWS- CREEK PARK ROAD 1 CORAL REEF RD DUBOIS, PA 15801 WORLDGATE HOTEL & CONVENTION 3011 MAINGATE LN KISSIMMEE, FL 34747 +WVR AT GLACIER CANYON 45 HILLMAN RD LAKE DELTON, WI 53940 +WVR AT MAJESTIC SUN 77 SEASCAPE DRIVE DESTIN, FL 32550 +WVR GREAT SMOKIES LODGE 1424 OLD KNOXVILLE HWY SEVIERVILLE, TN 37876 +WVR PANAMA CITY BEACH 14700 FRONT BEACH RD PANAMA CITY, FL 32413 +WVR STEAMBOAT SPRINGS 900 PINE GROVE CIR STEAMBOAT SPRINGS, CO 80487 Points Resort List

+WVR TOWERS ON THE GROVE N. MYRTLE 2100 N. OCEAN BLVD NORTH MYRTLE BEACH, SC 29582 +WYNDHAM AT WAIKIKI BEACH WALK 227 LEWERS ST HONOLULU, HI 96815 +WYNDHAM AVENUE PLAZA 2111 ST CHARLES AVENUE NEW ORLEANS, LA 70130 +WYNDHAM AVENUE PLAZA 2111 ST CHARLES AVENUE NEW ORLEANS, LA 70130 +WYNDHAM BALI HAI VILLAS 4970 PEPELANI LOOP PRINCEVILLE, KAUAI, HI 96722 +WYNDHAM BONNET CREEK 9560 VIA ENCINAS LAKE BUENA VISTA, FL 32830 +WYNDHAM BRANSON AT THE FALLS 110 WILLOW BEND BRANSON, MO 65616 +WYNDHAM BRANSON AT THE MEADOWS 110 WILLOW BEND BRANSON, MO 65616 +WYNDHAM CANTERBURY AT SAN FRANCISCO 750 SUTTER STREET SAN FRANCISCO, CA 94109 +WYNDHAM CYPRESS PALMS 5324 FAIRFIELD LAKE DR KISSIMMEE, FL 34746 +WYNDHAM FLAGSTAFF 1900 N COUNTRY DRIVE FLAGSTAFF, AZ 86004 +WYNDHAM GOVERNOR'S GREEN 4600 MOORETOWN RD WILLIAMSBURG, VA 23185 +WYNDHAM GRAND DESERT 265 EAST HARMON DR. LAS VEGAS, NV 89169 +WYNDHAM HARBOUR LIGHTS 911 FIFTH AVE SAN DIEGO, CA 92101 +WYNDHAM INN ON THE HARBOR 359 THAMES ST NEWPORT, RI 02840 +WYNDHAM INN ON THE HARBOR 359 THAMES ST NEWPORT, RI 02840 +WYNDHAM KA'EO KAI 3970 WYLLIE RD PRINCEVILLE, KAUAI, HI 96722 +WYNDHAM KAUAI BEACH VILLAS 4330 KAUAI BEACH DR LIHUE, KAUAI, HI 96766 +WYNDHAM KINGSGATE 619 GEORGETOWN CRESCENT WILLIAMSBURG, VA 23185 +WYNDHAM KONA HAWAIIAN 75-5961 ALII DRIVE KAILUA-KONA, HAWAII, HI 96740 +WYNDHAM LA BELLE MAISON 209 MAGAZINE STREET NEW ORLEANS, LA 70130 +WYNDHAM LA CASCADA 226 DWYER ST SAN ANTONIO, TX 78204 +WYNDHAM LONG WHARF 5 WASHINGTON ST NEWPORT, RI 02840 +WYNDHAM LONG WHARF 5 WASHINGTON ST NEWPORT, RI 02840 +WYNDHAM MAKAI 4180 LEI O PAPA ROAD PRINCEVILLE, KAUAI, HI 96722 WYNDHAM MAUNA LOA VILLAGE 78-7190 KALEIOPAPA ST KAILUA-KONA, HAWAII, HI 96740 +WYNDHAM MOUNTAIN VISTA 110 WILLOW BEND BRANSON, MO 65616 +WYNDHAM NASHVILLE 2415 MCGAVOCK PIKE NASHVILLE, TN 37214 +WYNDHAM NATIONAL HARBOR 250 MARINER PASSAGE NATIONAL HARBOR, MD 20745 +WYNDHAM NEWPORT ONSHORE 405 THAMES ST NEWPORT, RI 02840 +WYNDHAM NEWPORT ONSHORE 405 THAMES ST NEWPORT, RI 02840 +WYNDHAM OCEAN BOULEVARD 410 SOUTH OCEAN BOULEVARD NORTH MYRTLE BEACH, SC 29582 +WYNDHAM OCEAN PALMS 615 N OCEAN BLVD POMPANO BEACH, FL 33062 +WYNDHAM OCEAN RIDGE 1 KING COTTON ROAD PO BOX 27 EDISTO ISLAND, SC 29438 +WYNDHAM OCEAN RIDGE II 1 KING COTTON ROAD PO BOX 27 EDISTO ISLAND, SC 29438 +WYNDHAM OCEAN WALK 300 NORTH ATLANTIC AVENUE DAYTONA BEACH, FL 32118 +WYNDHAM OCEANSIDE PIER 333 NORTH MYERS ST OCEANSIDE, CA 92054 +WYNDHAM OLD TOWN ALEXANDRIA 1757 KING STREET ALEXANDRIA, VA 22314 +WYNDHAM PAGOSA 42 PINON CAUSEWAY PO BOX 4040 PAGOSA SPRINGS, CO 81147 +WYNDHAM PALM-AIRE 2601 PALM AIRE DR N POMPANO BEACH, FL 33069 +WYNDHAM PATRIOTS' PLACE 725 BYPASS ROAD(ROUTE 60) WILLIAMSBURG, VA 23185 +WYNDHAM @ FF SAPPHIRE VALLEY 70 SAPPHIRE VALLEY RD SAPPHIRE, NC 28774 +WYNDHAM AT FAIRFIELD BAY 110 VILLAGE LANE FAIRFIELD BAY, AR 72088 +WYNDHAM AT FAIRFIELD GLADE 109 FAIRFIELD BLVD FAIRFIELD GLADE, TN 38558 +WYNDHAM AT FF MOUNTAINS 747 BUFFALO CREEK ROAD LAKE LURE, NC 28746 +WYNDHAM ROYAL SEA CLIFF 75-6040 ALII DRIVE KAILUA-KONA, HAWAII, HI 96740 +WYNDHAM ROYAL VISTA 1110 SOUTH OCEAN BLVD POMPANO BEACH, FL 33062 +WYNDHAM SANTA BARBARA 1301 SOUTH OCEAN BLVD POMPANO BEACH, FL 33062 +WYNDHAM SEA GARDENS 615 N OCEAN BLVD POMPANO BEACH, FL 33062 Points Resort List

+WYNDHAM SEAWATCH PLANTATION 151 SEAWATCH DR MYRTLE BEACH, SC 29572 +WYNDHAM SEDONA 1500 KESTREL CIRCLE SEDONA, AZ 86336 +WYNDHAM SHEARWATER 3730 KAMEHAMEHA ROAD PRINCEVILLE, KAUAI, HI 96722 +WYNDHAM SKYLINE TOWER 100 S. NORTH CAROLINA AVE ATLANTIC CITY, NJ 08401 +WYNDHAM SMOKY MOUNTAINS 308 COLLIER DR SEVIERVILLE, TN 37862 +WYNDHAM SOUTH SHORE 180 ELKS POINT RD ZEPHYR COVE, NV 89448 +WYNDHAM WESTWINDS 3405 S. OCEAN BLVD NORTH MYRTLE BEACH, SC 29582 Points Resort List

MEMBERS LIST Resorts with 1-100 Members *320 GUEST RANCH ABBAZIA HOTEL MAROTTA ADLER BELLEVUE FERIEN E.V. AEOLOS BEACH AGIOS NIKOLAOS BAY AKELD MANOR AND COUNTRY ALDEA BONSAI ALPINE ALPINE VILLAGE ALTAMIRA ALTO GOLF AND COUNTRY ALTO LIDO OF MADEIRA AMARILIS AMORA LAKE OKAWA BAY ANEZINA VILLAGE APARTAMENTOS PUEBLO QUINTA DOS APARTHOTEL HELVETIA INTERGOLF APOLLO THERMAL APARTMENTS APPLE VALLEY ARKADIA FERIEN DOMIZIL ARROWHEAD CONDOMINIUMS ATL HOME DEP @ PLAYA FLORES ATL HOME DEP @ PRAIA DA OURA ATL HOME DEP @ CROMER COUNTRY ATLANTIC BEACH ATLANTIC CAMPANARIO CALAHONDA ATLANTIC TERRACE AUCHRANNIE COUNTRY AVIAWEST @ PACIFIC SHORES RST & SPA AVILA CONDOMINIUMS AZURE SKY BAHIA BLANCA BALAIA PARK BALAIA VILLAGE BALMORAL BAREFOOT CONDOMINIUMS BARNHAM BROOM GOLF AND COUNTRY BAY OF SANDESTIN BEACH HOUSE GOLF & RACQUET BEACHSIDE VILLAGE BEAR LAKE TIMESHARE BEL AIR BELWOBYN ÅRE BLAKENEY TIMESHARE BLUE MARINE RESIDENCE BOARDWALK ONE BORGO DI VAGLI BOUGAINVILLEA BEACH BRANTRIDGE PARK BREEZY POINT 'S PELICAN COVE BREWSTER GREEN BRIARWOOD BRIGANTINE QUARTERS BROCKWOOD HALL BROOME PARK BUGIBBA HOLIDAY COMPLEX BUSBY MANOR BUSSELTON BEACH CA' DE VENEZIA CABANAS GOLDEN CABO VILLAS CAMARON COVE CAMEL'S SPRING CAMERON HOUSE CAMPANARIO DE CALAHONDA CANALBOAT AT ALVECHURCH MARINA CANALBOAT AT WORCESTER MARINA CANALTIME HOUSEBOATS: BEDFORD CANDIA PARK VILLAGE CAPE COD HOLIDAY ESTATES CAPE WINDS CAPISTRANO SURFSIDE INN CAPO CERASO CAPRI CARIBBEAN BEACH CARLTON APARTMENTS CARPEDIEM ASSISI LIVING CARPEDIEM ROMA GOLF CARVYNICK COTTAGES CASA CANAZEI CASA CAVALESE CASINOMAR CASTEL CATEDRAL SKI VILLAGE CEDAR LAKE COUNTRY CELA CANET MALIBU PREMIER CENTRO SOLARIA CENTRO VACANZE VERONZA CHALET ZAUBERFLOETE RADSTADT CHAMPIONS' RUN CONDOMINIUMS CHAPEL STILE APARTMENTS AT LANGDALE CHARLOTTE BAY & CHATEAU DE MAULMONT CHAYOFA COUNTRY CHERRY ORCHARD TIMESHARE CLASSIC HOUSEBOATS @ BARTON TURNS CLASSICAL V.C. @ MARINE PALACE SUIT CLASSICAL V.C. AT KOS IMPERIAL CLOVER ALEGRIA ALGAIDA AMBASSADOR PARQUE FARRAIS APHRODITE AT ERIMI GARDENS ATLAS NOU ESPAI 1 BELLASOL CALA DE MAR CALIDA AT LA MANGA CALIDA AT MAR MENOR CARILO PLAYA CHALET COLOMBO HOTEL QUELLENHOF DE SOLEIL DEDEMAN BODRUM EVLERI EL BERIL EL MARQUES FLIPPER VIP CONDOMINIUMS HALLBJØNN TELEMARK INTRAWEST-VANCOUVER- HN LA COSTA AT BENAL BEACH LA COSTA AT CASTILLO DEL REY LA COSTA AT LAS FAROLAS ROYALE LA COSTA AT MARINA DEL REY LA COSTA AT MARINA DEL SOL LA COSTA AT MARINA DORADA LA COSTA AT MARINA PARK LA COSTA AT SIERRA MARINA LANZAMAR LAVAUD LE BRISTOL LOS MOLINOS MARTIANEZ MELIA AT MELIA GORRIONES NAUTILUS OASIS AT EL CAPISTRANO OCEAN VILLAS II PLAYA FLORES PRIMAVERA PYLA BEACH RIZA SEA OATS SERENIA SOL DEL ESTE TARAHAL TISAYA GOLF VIERUMAKI VILLA AZUL VISTA SERENA VISTA VERDE VISTAFLOR E DO MONACO E VILAROSA COMFORT SUITES MISSION VALLEY-RENT COMMUNITY DEPARTURES CONDOMINIO WEEK INN (RENTAL) CONNEMARA COUNTRY COTTAGES CORAL PRINCESS CORAL REEF BEACH CORAL REEF CORAL SANDS NORTH COSTA AZUL BEACH COSTA AZUL SUITES COSTA DE ORO BEACH COUNTRY VILLAGE AT JIMINY PEAK *COZUMEL PALACE CRANE BEACH CRESTWOOD CROMER COUNTRY CROWN S AT LA RIVIERA CROWN RIDGE *CROWNE PLAZA LAS VEGAS - RENTAL CWM CHWEFRU COUNTRY COTTAGES DEDEMAN CAPPADOCIA HOTEL & CONVENTI DEVONCOURT DIAMOND CALYPSO DIAMOND LA CUMBRE DIMORE LA VECCHIA FIRENZE DIVI BEACH VILLAS AT SOUTHWINDS DIVI CARINA BAY & CASINO DIVI FLAMINGO BEACH DIVI HERITAGE DIVI SOUTHWINDS BEACH & RACQUET CLB DOGWOOD HILLS AT ALPINE BAY DOM PEDRO PORTOBELO DOMAINE DE GAVAUDUN DOMINA HOME ALASKA DOMINA HOME KYRIE DOMINA HOME LES JUMEAUX DOMINA HOME MIRAMONTI DOMINA HOME PALUMBALZA DOMINA HOME ROYAL DON PANCHO BEACH DUNAS EAGLE WING SUITES AT ANGEL FIRE RST EAST PINES AT ALPINE BAY EASY LIFE (GONDTALAN ELET) EDGEWATER EL CAPISTRANO PLAYA *EL LAGO EL MARQUES PALACE EL PALMERAL BEACH II EL PORTON ELKHORN AT PANORAMA ELLIOTT AT VALE DO LOBO ELTERWATER HALL AT LANGDALE ENDLESS MOUNTAIN ERLENBRUCK ESTIVAL PARK ESTURION DE MONTOYA,DE LUXE FAIRFIELD BOARD MEMBER PROGRAM FAIRFIELD PLANTATION FAIRWAY LODGE FAIRWAYS OF THE MOUNTAINS/LAKE LURE FALL RIVER VILLAGE Points Members List

FERIECENTRET RÅGELEJE KLIT FERIEN BREITENBERGERHOF (MONDI) FERIEN SCHLOESSLHOF (MONDI) FERIEN TIROLENSIS (MONDI) FITZPATRICK CASTLE HOLIDAY HOMES FJÄLLBYN FJÄLL-LIEN FJÄLLVATTNET FONTANA VILLAGE FOUR SEASONS VILAMOURA FOUR SEASONS-PACIFICA FOXBOROUGH FOXRUN TOWNHOUSES FRENCH RIDGE CONDOMINIUMS FUERTEVENTURA BEACH GARDEN LAGO GEMUENDER FERIENPARK SALZBERG GLENDORGAL GOLDEN COAST HOLIDAY GOLDEN SHORES HOLIDAY GOLDENWOODS CONDOS @ POWDERHORN RST GOLF VILLAS AT BIG CANOE GOLF PARK GOLFHOTEL COSTALUNGA GOLF-UND FERIEN AMADEUS GOVINO BAY GPR AT CARLSBAD INN BEACH GPR AT RED WOLF AT SQUAW VALLEY GPR AT RED WOLF LAKESIDE LODGE GPR AT SO CAL BEACH GRAND HOTEL GRISONE GRAND LODGE CRESTED BUTTE GREAT GLEN WATER PARK GREEN HOUSE GREEN PARK HOTEL GULF STREAM BEACH GULF TIDES OF LONGBOAT KEY GULL LAKE RESIDENCE GULLIVERS TRAVEL GURNEY'S INN & SPA HABITAT CALGARY 88 HABITAT PLAYA ROMANA HARBOUR INN & HARBOURSIDE II CONDOMINIUMS HARBOURSIDE III HAVEN COURT HERITAGE HEIGHTS HERITAGE S AT MATCHROOM HERITAGE S PLAYA REAL HERON POINT @ INVERMERE ON THE LAKE HILTON COYLUMBRIDGE HILTON COYLUMBRIDGE ALPINE LODGES HILTON CRAIGENDARROCH HILTON DUNKELD HIPPOCAMPUS VILLAS HNA VACATION OWNERSHIP HOGFJALLET HOLIDAY BEACH - SOUNDSIDE HOLIDAY AMADORES BEACH HOLIDAY CALAHONDA HOLIDAY HIMOS HOLIDAY JARDIN DE AMADORES HOLIDAY SOL AMADORES HOLIDAY TEGEFJALL HOLIDAY INN VACATIONS- ASCUTNEY HOLIDAY INN VACATIONS- LKGENEVA HOLIDAY INN -BAY POINT HOLIDAY INN ORANGE LAKE- RIVER ISL HOLIDAY RESIDENCE WARMBAD HOLLY TREE HONICOMBE MANOR HONO KOA HOTEL AP. VILA GALE AMPALIUS HOTEL AP. VILA GALE ATLANTICO HOTEL AP. VILA GALE CERRO ALAGOA HOTEL AP. VILA GALE VILLAGE CASCAIS HOTEL APARTAMENTO E OCEANO HOTEL CRISTALLINO HOTEL DE'L'EAUE VIVE III HOTEL GOLDRIED/GOLDRIED PARK HOTEL GUADALMAR HOTEL NEUE POST HOTEL PERLA HOTEL PICCOLA FENICE HOTEL RESIDENCE PORTO PICCOLO HOTEL VILLA IGEA HTL PZA.PELICANOS GRAND BEACH S/I I GIOIELLI DEL DOGE ILGAZ MOUNTAIN IMPERIAL PARK COUNTRY INGLESES HOLIDAY INNSEASON S MOUNTAINVIEW INNSEASON S POLLARD BROOK INNSEASON S SURFSIDE INNSEASON RST CAPTAIN'S QUARTERS INVERNESS AT WALDEN - PHASE II ISLA MAZATLAN ISLAND MANOR ISLAND PALMS JADON PLACE JARDIM DO VAU JARDINES DE LA HACIENDA JARDINES DEL PUERTO JECKELS GL SKAGEN KAHANA BEACH KAHANA VILLA KAIMANAWA LODGE KALA POINT VILLAGE KALMA VILLA KENWICK WOODS KILCONQUHAR CASTLE ESTATE KOLI COUNTRY KONA ISLANDER KUORTANE SPORTS KYNETON BUSHLAND LA BASTIDE DU ROY RENE LA CARTUJA LA CASELLA LA GRANDE MARE GOLF & COUNTRY LA PINTA BEACH LA POSADA EL MESON (RENTAL) LA QUINTA PARK LA RINCONADA TEQUISQUIAPAN LAGUNA SURF LAKE ARROWHEAD CHALETS LAKE EDGE (NZ) LAKE EDGE (VIC) LAKE PLACID LODGES LAKE TARA TOWNHOUSE III LANGDALE LANZAROTE BEACH LAOKASTI VILLAS LAS CASITAS LAS MIMOSAS BEACH LAS OLAS BEACH LAS ROSAS LAS TERRAZAS DE CALA CODOLAR LE BARCHESSE DI VILLA CORNER LE BLANC SPA LE GINESTRE - CUGNANA VERDE LE GOLFE BLEU LE MIRAGE VILLAGE LE TERRAZZE DI PORTOROTONDO LEGACY VAC CL STEAMBOAT SPR HILLTOP LEGACY VAC STEAMBOAT SUITES LEHIGH LEISURE INNS ABEL TASMAN LES BAINS DE SAILLON LES THERMALIES LES VILLAS AT LE MERIDIEN LEYSIN PARC LIGHTHOUSE POINT VILLAS LISCIA ELDI RESIDENCE LOCH RANNOCH HIGHLAND LOMAKYLA ONNENVIRTA LONGBOAT BAY LOS AMIGOS BEACH PLAYAMARINA MACDONALD CRAIGELLACHIE CHALETS MACDONALD LA ERMITA MACDONALD LEILA PLAYA MACDONALD PLAS TALGARTH MACDONALD SPEY VALLEY GOLF & CC MACDONALD VILLACANA MAEVA HOTEL MARAZUL DEL SUR MAEVA HOTEL MEGEVE MT D'ARBOIS MAEVA HOTEL MERIBEL LES ALLUES MAEVA HOTEL PLAGNE ST JACQUES MAEVA HOTEL SERRE CHEVALIER MAEVA HOTEL ST MANDRIER MAEVA INTER RESIDENCES TIGNES MAGENS BAY VILLAS AT MAGENS MAGIC TREE MAKANA MALAMA BEACH MANDALAY SHORES MANGO TREE VACATION AT CALYPSO MANOR COURT MAR Y GOLF MARCO POLO ALPINA MARCO POLO HAPPY MARINA CAY VILLAGE MARINER'S POINTE MARLIN COVE II - BLUE MARLIN MAUI BANYAN VACATION MAUI BEACH VACATION MEDINA DEL ZOCO MEDITERRANEE PARADISE MELFORT VILLAGE MENZIES WELCOMBE APARTMENTS METROPOLITAN CAPSIS HOLIDAY MILL CREEK RANCH MIRABELLO VILLAGE MIRADOR DE LOS COLLAGUAS MIRAFLORES RANCHO MIRAFLORES VACATION MONTECHORO E 99 MONTEMAR NATURA MOUNT HUTT LODGE MOUNTAIN ESTATES @ SMUGGLER'S NOTCH MOUNTAIN MEADOWS MOUNTAIN VIEW AT CROWN RIDGE MURRAY VALLEY NATURLAND DOGAL YASAM BELDESI NEPTUNE BEACH NEW GRAN CARIBE REAL CANCUN NEWPORT BAY & HOTEL NOB HILL INN NORTH BEACH OASIS VILLAGE OCEAN COVE AT PALMETTO DUNES OCEAN EAST OCEAN FOREST COLONY OCEAN MANOR OCEAN VILLAS BEACH OCEANCLIFF I & II Points Members List

ODESSA WHARF OLD HOUSE VILLAGE HOTEL & SPA OLIVA BEACH OLYMPIA VACATION OWNERS ONAGRUP JARDINES PARAISOL ONAGRUP OGISAKA GARDEN ONDAMAR ORETI VILLAGE ORO NEGRO OSTERSO FARGEGARD OURAHOTEL APARTHOTEL OURAPRAIA APARTHOTEL PACIFIC FANTASY PACIFIC GROVE PLAZA PACIFIC SHORES FRACTIONAL RESIDENCE PACIFIC VIEW PACIFICA MASTER SANDS PALACE RESIDENCE 2 PALACE RESIDENCE I PALAZZO DEL GIGLIO-RES. ALBERGHIERA PALM COURT PANAMA CITY & PANARETI PAFOS PARKSIDE VICTORIA & SPA PARQUE DEL SOL BEACH PARQUE DENIA PEFKOS VILLAGE HOLIDAY PENNY ROYAL APARTMENT PERLE VENEZIANE PERRAN VIEW HOLIDAY VILLAGE PESTANA ALVOR BEACH PESTANA ALVOR PARK PESTANA DOM JOAO II BEACH PESTANA PORCHES PRAIA PESTANA PROMENADE H. OCEAN PESTANA VIKING HOTEL PESTANA VIKING OCEAN SUITES PETERSON'S WATERFRONT PIANETA MARATEA PINE BAY HOLIDAY PINE CLIFFS PINE LAKE PINECREST TOWNHOMES PLANTATION ISLAND PLAYA LINDA BEACH PLAYACAR PALACE PLAYERS *PLAZA FIFTY HOTEL PLAZA PELICANOS GRAND BEACH PLAZA SPA APARTMENTS PLAZA SUITES II PLG @ ELITE APTS AT FAIRWAYS PLG @ FAIRWAYS PLG @ PUEBLO EVITA PLG@ ELITE APTS AT PUEBLO EVITA POINT TO POINT *MASTER PONTA GRANDE PORT ELSEWHERE PORTO HYDRA ROYAL PORTO MARE RESIDENCE PORTO RIO HOTEL PORTO ROTONDO GARDENS PORTOFINO EST RESIDENCE PORTONOVO BEACH APARTMENTS POWDER RIDGE VILLAGE PUERTO COLON QUEENSTOWN MEWS QUINTA @ LA MANGA QUINTA DO LAGO COUNTRY QUINTA SPLENDIDA JARDIM BOTANICO RADISSON SAS BAY POINT RCT VACACIONAL REGENCY BEACH REGENCY HEIGHTS AT NEPTUNO RES I DELFINI DI PUGNOCHIUSO RESALES RESIDENCE ARTUIK RESIDENCE CAMPOROSSO II RESIDENCE CAPO D'ORSO MARINA RESIDENCE CERVINIA 2 RESIDENCE CORMORANI BIS RESIDENCE HOTEL ISOLA VERDE RESIDENCE HOTEL NURAGHE RESIDENCE I BOBOLI RESIDENCE IL VIGO DI MARILLEVA RESIDENCE LA FERRIERA RESIDENCE LA SPLAZA RESIDENCE LAURIN RESIDENCE MER & GOLF ILBARRITZ RESIDENCE PANORAMA VILLARS RESIDENCE PORTO ROSA RESIDENCE PORTOROTONDO TRE RESIDENCE RIO D'ELBA RESIDENCE RIO FALZE' RESIDENCE SASSOLUNGO RESIDENCE SOTTSASS RESIDENCE SPORT HOTEL ASTORIA RESIDENCE UNIVERSO RESIDENCE VACANCES NO 6 RESIDENCE VAUGRENIER RESIDENCES CHAMOSSAIRE RESIDENZ MANDELGARTEN DEIDESHEIM RESIDENZA BOUGANVILLE RESIDENZA DEI CAVALLEGGERI RESIDENZA PARCO DELLO STELVIO RHINEFIELD HOUSE RIVER RIVIERA PARK SALOU & ONAGRUP ROARK VACATION ROCKRIDGE I AND II ROYAL ALPAGE ROYAL HOLIDAY BEACH ROYAL OASIS AT PUEBLO QUINTA ROYAL OASIS AT BENAL BEACH ROYAL ORCHID ROYAL REGENCY ROYAL ROCHEBRUNE RST DEMO:RESULTS BASED ON OWNERSHIP RVC'S VILLA VERA ZIHUATANEJO SALADO CREEK VILLAS SAN ANTONIO (COSTA) SAN LAWRENZ LEISURE SAN LUIS BAY INN SAND ACRES BEACH SAND PEBBLE SAND SHARES SANDCASTLE COVE SANDCASTLE SOUTH SANDS OF N WELLS SANDSTONE CREEK SANIBEL BEACH SANTANA SARKKAIN LOMAPARATIISI SAVILLE PARK ADELAIDE SAVILLE PARK CANBERRA SAVILLE PARK CANBERRA SAVILLE PARK MELBOURNE SAVILLE PARK SUITES SCHLOSS GRUBHOF SEA V SEA MIST *SEA PINES PLANTATION SEABANK HOTEL SEASONS AT BURN PARK SEASONS AT TAHITI 2 SEASONS AT LAUGHARNE PARK SEAWAY SERRA DEGLI ALIMINI 1 *SET UP IN ERROR SEVENTH MOUNTAIN SHAKESPEARE CLASSIC LINE SHORELINE TOWERS SIERRA NEVADA SPORTS SIESTA HOTEL SIESTA FERIEN SCHARNITZ(MONDI) SKI SIDE VILLAGE SKIER'S EDGE SKISTAR VC TANDÅDALENS FJÄLLHOTELL SKISTAR VC TIMMERBYN SMOKETREE LODGE SMUGGLER'S COVE SMYGEHUS HAVSBAD SOL NEU SOLANAS COUNTRY SOLANAS FOREST SOLANAS MAR DEL PLATA SOLANAS ROYALMAR SOLANAS TERMAS DEL DAYMAN SOLAR HOTEL SOMNI DE CAMBRILS SOOKE HARBOUR & MARINA SOUTH MOUNTAIN S SOUTHWIND'S CAROLINA - HN *SPICEBUSH @ SEA PINES SPORTING HOTEL TANCA MANNA SPORTING HOTEL VILLA BLU SPRING BROOK ST DAVIDS VACATION ST IVES ON SHUSWAP ST MELLION GOLF & COUNTRY ST TROPEZ ALL SUITES HOTEL - RENTAL STARDUST-TAHOE STOUTS HILL STRANDSLOT FERIELEJLIGHEDER STREAMSIDE AT VAIL - ASPEN STREAMSIDE AT VAIL - CEDAR SUN LODGE OF ANGEL FIRE SUN SEEKERS MONT ST. ANNE SUNBURST CONDOMINIUMS SUNCHASER VACATION FAIRWAY COTTAGES SUNCREST BEACH VACATION SUNNINGDALE VILLAGE @ LA COSTA SUNRAYSIA SUNSET VIEW SUNSHINE RHODES SUTTON HALL TIMESHARE *SWALLOWTAIL @ SEA PINES SWEETWATER AT LAKE CONROE TABLE ROCK LANDING ON HOLIDAY ISL TAHITI VACATION TAHKOVUORI TAHOE BEACH AND SKI - VRI - HN TAUPO IKA NUI TELEMARK TELEMARK POINTE RED APPLE TESORO IXTAPA TESORO LOS CABOS TESORO MANZANILLO THE "Q" OLD BURLEIGH ROAD THE ALEXANDRA AND SPA THE ALLEN HOUSE THE BEACH AT MONTEGO INN THE BEACH AT ST AUGUSTINE THE BEACH HOUSE AT LAKE STREET THE BISHOP SELWYN THE CABINS AT GRAND MOUNTAIN III THE CAROLINA THE EDINBURGH RESIDENCE THE ESTORIL EDEN THE GARDENS AT WEST MAUI THE GEORGIAN MANOR CONDO 125 THE GEORGIAN MANOR CONDO 80 THE GLEBE APARTMENTS THE GLEBE APARTMENTS THE HEIDELBERG INN THE HOLIDAY THE HUNTSMAN THE INN AT HORSESHOE - HN THE INN AT SILVER LAKES THE INN AT ST IVES THE KENMORE THE KENNEDY STRAND THE LAKESIDE VILLAS Points Members List

THE LODGE AT KINGSBURY CROSSING THE LODGE AT LAKE TAHOE THE LODGES AT CRESTHAVEN THE LOFTS APARTMENTS THE LUXURY AT LE MERIDIEN THE MARINE QUAY THE MAXWELL HOTEL - RENTAL THE MEDITERRANEA HOTEL & SUITES THE OCEAN VILLAS THE OCEAN WATERVIEW APARTMENTS THE OSBORNE THE PALMS GOLF AND COUNTRY THE PANTGLAS OWNERS THE PARK SUITES THE PEARL SOUTH PACIFIC - OCEAN THE PENTHOUSES AT GULF STREAM THE PINES AT ALPINE BAY THE PINES THE PONDS AT FOXHOLLOW THE QUARTERS THE QUARTERS AT MARLIN COVE THE RESIDENCES AT FAIRMONT RIDGE THE RIDGE AT SUNRIVER THE RIDGE THE RIVIERA AND SPA THE SANDS OF KAHANA THE STEAMBOAT GRAND THE SUITES AT CRYSTAL MOUNTAIN THE VILLAS AT CHAYOFA COUNTRY THE VILLAS AT COOSAWATTEE I THE VILLAS AT COOSAWATTEE II THUNDER MOUNTAIN CONDOMINIUM THURNHAM HALL TINDAYA EXECUTIVE APARTMENTS TONNARA DI BONAGIA TORRENUEVA PARK TOUR OF THAILAND TOWNCENTER AT JACKSON HOLE TRADEWINDS CRUISE - ANTIGUA TRADEWINDS CRUISE - B.VIRGIN IS TRADEWINDS CRUISE - GRENADINES TRADEWINDS CRUISE - ST.MAARTEN TRAILS END AND MARINA TRANEKLIT TREGENNA COUNTRY TRELOWARREN TRENYTHON MANOR AND COUNTRY TRESCO TREWINCE MANOR TROPIC LEISURE @ MAGENS PT RST TROPICAL HOTEL UMBRELLA BEACH URBANIZACION SAN FERNANDO VACANCES VAUGRENIER VACATION II VACATION INT'LE OASIS VACATION INT'LE PINES AT SUNRIVER VACATION VILLAGE VACATION VILLAS VALLARTA PALACE VENICE OF D'MONACO VERA BEACH VICTOR VILLAGE RESIDENCE VILLA DEL LAGO VILLA DEL LAGO VILLA SEVIGNE VILLAGE MAS BLANC VILLAGE OF LOON MOUNTAIN CONDOS VILLAGE VILLAGGIO L'OLIVARA VILLAGGIO MARAS VILLAGGIO S'ABBA E SA PEDRA VILLAGGIO TURISTICO PLONER VILLAS AT POCO DIABLO VILLAS OF FOXWOOD HILLS VILLAS OF SEDONA VISTA VILLAS AT SUNBAY VISTAZUL VACATION VUOKATTI COUNTRY VVC @ VIVA WYNDHAM DOMINICUS BEACH VVC @ VIVA WYNDHAM DOMINICUS PALACE VVC @ VIVA WYNDHAM MAYA WALDORF APARTMENTS CANBERRA WALDORF APARTMENTS SYDNEY-SOUTH WALDORF APT HOTEL THE ENTRANCE WATERS EDGE AT PACIFIC RIM WATERWOOD TOWNHOUSES WESTSIDE BAY WHISPERING WOODS WHISPERING WOODS II WHITBARROW VILLAGE WHITE OAK LODGE AND WHITE SANDS WINDJAMMER & BEACH WINDY SHORES II WOLF CREEK VILLAGE WOODFORD BRIDGE COUNTRY WOODS MANOR CONDOMINIUMS +WYNDHAM INN ON THE HARBOR +WYNDHAM INN ON THE HARBOR +WYNDHAM LONG WHARF +WYNDHAM LONG WHARF WYNDHAM MAUNA LOA VILLAGE YELLOW PRAIA MONTE GORDO Resorts with 101-249 Members ALFAZ PARADISE ALPINE CREST/ OF HELEN AMERICANA VILLAGE ANFI BEACH APARTHOTEL HEVIZ BARNSDALE COUNTRY BEACHCOMBER INTERNATIONAL BLUEWATER AT GUANAHANI VILLAGE BOAMBEE BAY BRANSON YACHT AT ROCK LANE CALLAO GARDEN CANALBOAT AT BLACKWATER MEADOW CANALBOAT AT UNION WHARF CANALTIME @ ALVECOTE MARINA VILLAGE CARDEL GROUP - MASTER ACCOUNT CELA CANET MALIBU VILLAGE CLARA HOTEL CLEARWATER TERRACE APTS ALBUFEIRA BENA VISTA CALA BLANCA CASA DORADA BEACH & GOLF RST. EXCELSIOR 2 LA COSTA AT MONTEREY NOOSA OPTIMA BLUEGREEN ODYSSEY DELLS PAIHIA PUERTO ANFI TENERIFE HOTEL AM KREISCHBERG MELIA@PARADISUS PLAYA DELCARMEN COLONIAL ACRES CROTCHED MOUNTAIN CROWN POINT CONDOMINIUMS CROWN POINT CONDOMINIUMS CROWN POINTE LINKS CROWN S AT DELTA MAR DESERT VACATION VILLAS DIAMOND MARITIMA DISCOVERY BEACH DIVI DUTCH VILLAGE DORAL AND GOLF SPA - RENTAL ELITE FUERTEVENTURA ESC AT SUNSET BEACH FAIRWAY FOREST AT SAPPHIRE VALLEY FERIEN MITTERFELS(MONDI) FESTIVA SAILING VAC.AT NANNY CAY FESTIVA SAILING VAC.SINT MAARTEN FORT BROWN CONDO SHARES GASLAMP PLAZA SUITES GOLF APTS. RICHMOND PARK GRANDVIEW LODGE AT FALL CREEK FALLS HIAWATHA MANOR @ LAKE TANSI VILLAGE HIPPOCAMPUS BEACH HOLIDAY BEACH - DESTIN HOLIDAY EKERUM GOLF HOLIDAY HEVIZ HOLIDAY PYHA HOLY SUITES HOLIDAY RONNAS HOLIDAY RUKA VILLAGE HOLIDAY SAIMAA HOLIDAY VISTA AMADORES HOLIDAY YLLAS 3 HOLIDAY INN ORANGE LAKE-N VILLAGE HOLIDAY WORLD HOLLYWOOD BEACH CRUISE PORT HOTEL KULLABERG SEA IL POGGIO INN AT SILVERCREEK INNSEASON THE FALLS AT OGUNQUIT INVERNESS AT DEL LAGO ISCHIA UNO RESIDENCE KINSTON MANOR AT FOXWOOD LAKEVIEW COUNTRY LAND OF CANAAN VACATION INC LAS BRISAS LAS OLAS BEACH OF COCOA BEACH LEGACY VACATION PALM COAST LES NATURELLES LEVI-RAKKAVAARA 1 LOMALAUKAA MACDONALD DOÑA LOLA MACDONALD ELMERS COURT MACDONALD FOREST HILL HOTEL & SPA MACDONALD LOCHANHULLY MANSFIELD COUNTRY MARBLE CANYON MARINA PALACE MARITIME BEACH MIRAFLORES BEACH AND COUNTRY MONTE CARVOEIRO E MOUNTAIN EDGE & SPA MOUNTAIN VIEW VILLAS AT CRANBERRY NEPEAN COUNTRY NOSTOS SUITES OCEAN MAYA OCEAN PALMS AT PORT ROYAL OCEAN TIME OLYMPIC VILLAGE INN ONAGRUP AU Points Members List

ONAGRUP MEDITERRANEAN CALA PI OURA VIEW BEACH OYSTER BAY OYSTER POINTE PACIFIC PALMS PARK PLAZA PESTANA CARLTON TOWER SUITES PESTANA PALM GARDENS PINECLIFF VILLAGE PLAZA SUITE HOTEL POINTE ON THE BAY PORT PACIFIC PORTO AZZURRO QUAIL HOLLOW VIL @ BEECH MT LAKES RADIUM VALLEY VACATION RESIDENCE BORGO AL SOLE RESIDENCE MONT-CALME RESIDENCE VERDE MARE RESIDENTIE VAN GOGH RIVER RUN CONDOMINIUMS RIVERVIEW CONDOMINIUM ROYAL GARDENS AT SUNSET BEACH ROYAL GOLF PARK ROYAL SUNSET BEACH ROYAL TENERIFE COUNTRY SAHARA SUNSET SAN CLEMENTE INN SANDCASTLE VILLAGE II SANDS BEACH SANDY POINT BEACH SANTA BARBARA GOLF & OCEAN II SCANDINAVIAN VILLAGE SEDONA SPRINGS SES FONTANELLAS PLAZA SHEEPSCOT HARBOUR VILLAGE & SILVER SANDS SILVERWOODS AT TREASURE LAKE SKISTAR VC SNÖTORGET STONERIDGE SUN PACIFIC VILLAS SUNNY COAST SUNRISE BEACH HOTEL SUNSET BAY AT TORVISCAS SUNSET HARBOUR SURFERS ROYALE TAHOE SEASONS THE COCONUT PALMS THE CRANE RESIDENTIAL THE EDGEWATER BEACH THE GRANGEFIELD OASIS THE HARBOUR THE JOCKEY *THE JOCKEY - HOLIDAY NETWORK THE LUXURY AT LEROYAL MERIDIEN THE PARK REGENCY THE QUARTER HOUSE THE QUAYSIDERS THE REGENCY TENERIFE THE ST. GEORGE'S THE SUMMIT VAC. RST TREE TOP VILLAS THE VILLAGE AT PALMETTO DUNES THE VILLAGE HOLIDAY THE VILLAS OF HICKORY HILL THE VILLAS OF PALM SPRINGS TIKI VILLAGE INTERNATIONAL TORRENT BAY VACATION VIGILIA PARK VILLA VALLARTA BY CANTO DEL SOL VILLAGE OF LOON MOUNTAIN LODGES VINTAGE LANDING CONDOMINIUMS VISTANA'S BEACH *WESTGATE VACATION VILLAS WHISTLER VACATION @ L.P. LODGE WIMPEN SUE#O AZUL WINNERS CIRCLE BEACH & TENNIS RST WOLF RUN MANOR AT TREASURE LAKE +WYNDHAM MAKAI COTTAGES Resorts with 250-499 Members ACUASOL AMERICAN VACATION S, INC. AMERICANO BEACH APARTAMENTOS TROPICAL PARK APARTHOTEL KALMA ARROYO ROBLE ATRIUM BANYAN HARBOR BARRIER ISLAND'S OCEAN PINES BEACH BEACH HOUSE SEASIDE BELAIR BEACH HOTEL BETHEL INN BEVERLY HILLS HEIGHTS BLUEBAY BEACH BLUEBAY VILLAS DORADAS CALABOGIE LODGE HOUSE BEACH CANALTIME AT SAWLEY MARINA CANTO DEL SOL PLAZA VALLARTA CAUSEWAY ON GULL CLOVER RIDGE ABBAZIA LA COSTA AT PARADISE LAS CALAS MELIA @ MELIA PANAMA CANAL OLYMPUS AT GARDEN CITY E PRAIA DA OURA COCONUT BAY CONDOVAC LA COSTA CORONADO GOLF & BEACH CROWN S AT CALAHONDA CROWN S AT CARONTE EL MARQUES ELITE APARTMENTS AT PUEBLO EVITA ERIE ISLANDS & MARINA FIRST FAIRWAY AT WALDEN FISHERMAN'S COVE LAKESIDE FRENCH QUARTER GATLINBURG TOWN VILLAGE GOLDEN STRAND OCEAN VILLA GPR AT PANORAMA VACATION RETREAT GRAND LEONIKI HIAWATHA MANOR WEST @ LAKE TANSI HOLIDAY BEACH - PHASE II HOLIDAY AHTARI HOLIDAY ELLIVUORI HOLIDAY KALAJOKI HOLIDAY NAANTALI RESIDENCE HOLIDAY PUERTO CALMA HOLIDAY PUNKAHARJU HOLIDAY RUKA LOMA HOLIDAY TAHKO SPA HOLIDAY INN VACATIONS SMOKYMTN HOLIDAY INN ORANGE LAKE-E VILLAGE HOLIDAY INN ORANGE LAKE-W VILLAGE HOLLYWOOD BEACH TOWER HOTEL MARINA PALACE INVERNESS BY THE SEA ISLANDER BEACH JARDINES DEL PLAZA LAKEWOOD LANDMARK HOLIDAY BEACH LAW CRANBERRY LIMITED LAWAI BEACH LOS CLAVELES MADEIRA REGENCY MARINER SHORES NANTUCKET BAY CONDOMINIUMS OCEAN HIGH OCEAN KEY OCEAN REEF YACHT AND PARKSIDE PASSAGE HOUSE HOTEL PEREGRINE TOWNHOMES @ SAN LUIS PASS PERGOLA HOLIDAY & LEISURE PESTANA MADEIRA BEACH PETNEHAZY HOTEL PIER 7 CONDOMINIUMS PLANTATION OF MYRTLE BEACH PORTES DU SOLEIL PUEBLO EVITA RESIDENCE PORTOSELVAGGIO ROYAL ISLANDER GREAT BAY ROYAL PARK ALBATROS ROYALE BEACH & TENNIS SAVILLE 2 BOND STREET SAVILLE PARK ADELAIDE SAVILLE PARK PERTH SILVER BEACH SOUTHWIND II SPINNAKER AT SHIPYARD SUN BEACH HOLIDAY SUNBAY SUNCHASER PREMIER VAC SWAN MOUNTAIN TAHOE BEACH & SKI TANGLWOOD THE BURNSIDE PARK OWNERS THE CLIFF AT SNOWBIRD THE COLONNADE THE DYSERTH FALLS THE GARDENS, ORLANDO THE LINKS GOLF & RACQUET THE MISSION VILLAS AT SILVER LAKES THE MOUNTAINSIDE AT SILVERCREEK THE PLAZA AND SPA THE ON COCOA BEACH THUNDERBIRD TORRE INSERRAGLIO - I TRAMONTI VILLAS AT REGAL PALMS WATERFRONT LODGE WELK S DESERT OASIS WHITE POINT VACATION Resorts with 500-999 Members ABBAZIA COUNTRY ALHAMBRA AT POINCIANA ALHAMBRA VILLAS AT POINCIANA ATRIUM BEACH AND SPA ATTITASH MOUNTAIN VILLAGE BEVERLY HILLS BRANSON'S NANTUCKET BREEZY POINT TIMESHARE CEDARBROOK CLOWANCE ESTATE AND COUNTRY CASABLANCA CRANBERRY MARINA MELIA @ PARADISUS PUNTA CANA MELIA AT GRAN MELIA SALINAS MELIA AT ME CANCUN MELIA AT MELIA TAMARINDOS MELIA AT PALACIO DE ISORA Points Members List

MELIA THE RESERVE @ PARADISUS SALINA WHARF DEDEMAN ANTALYA HOTEL & CONVENTION DESERT ARROYO PHOENIX DESTINATIONS AT HOLIDAY PARK EAGLE VILLAGE ELITE APARTMENTS AT FAIRWAYS ELKHORN @ FALCON CREST ELKHORN AT THE LODGES ELKHORN VACATION FAIRWAYS FERIEN BELLEVUE (MONDI) FERIEN GRUNDLSEE (MONDI) FERIEN OBERSTAUFEN (MONDI) GPR AT CARLSBAD SEAPOINTE GRAND DESTINATIONS VACATION HAVASU DUNES HOLIDAY AIRISTO HOLIDAY HANNUNKIVI HOLIDAY KELORINNE HOLIDAY PYHANIEMI HOLIDAY RUKA HOLIDAY YLLAS 2 HOLIDAY INN SOUTH BEACH INVERNESS AT SOUTH PADRE KINGSTOWN REEF LAKE OKANAGAN LAKEVIEW GOLF AND SPA LEONIKI RESIDENCE LES CRETES-EUROLOISIRS MONESS COUNTRY NENASTAKO/GLACIER VILLAGE @ MEADOW NORTH STAR VACATION NOSTOS VILLAGE OCEAN CITY COCONUT MALORIE OCEAN SANDS PALM BEACH PEÑISCOLA PLAZA PESTANA GRAND HOTEL PESTANA MIRAMAR PESTANA PALMS PESTANA VILLAGE PLAZA PONO KAI RAYBURN COUNTRY ROYAL FLORIDIAN ROYAL ISLANDER "LA PLAGE" ROYAL ISLANDER "LA TERRASSE" SANDYPORT BEACHES SAVILLE ON RUSSELL STEELE HILL S - EAST STEELE HILL S - SOUTH SWEETWATER \ MOA MROP TAHITI VILLAGE THE AT CROWN POINT THE HOUSES AT SUMMER BAY THE MADEIRA REGENCY PALACE THE SHORES AT LAKE TRAVIS TRADE WINDS ON THE BAY TRAVELODGE MANLY- WARRINGAH VILLAGE HEIGHTS GOLF VILLAS ON THE LAKE VISTA MIRAGE WAPATO POINT WHISTLER VACATION @ TWIN PEAKS WINDJAMMER LANDING VILLA BEACH RST +WYNDHAM KA'EO KAI +WYNDHAM MAKAI +WYNDHAM SHEARWATER Resorts with Over 1000 Members AVIAWEST BAREFOOT'N IN THE KEYS AT OLD TOWN BARRIER ISLAND STATION - KITTY HAWK BARRIER ISLAND STATION-DUCK BEACH VILLAS AT DIVI PHOENIX CELEBRATION WORLD DOBOGOMAJOR MELIA @ GRAN MELIA P. RICO II MELIA @ GRAN MELIA PUERTO RICO MELIA @ MELIA CARIBE TROP.II MELIA @ MELIA COZUMEL MELIA @ PARADISUS PALMA REAL MELIA AT GRAN MELIA CANCUN MELIA AT MELIA CARIBE TROPICAL MELIA AT MELIA PUERTO VALLARTA SEVILLA TRINIDAD VACANCES TOUTES SAISONS CORAL REEF CORAL SANDS CROWN POINT CROWN S AT MARBELLA DIVI ARUBA PHOENIX BEACH DIVI VILLAGE DIVI VILLAGE GOLF AND BEACH EASTERN SLOPE INN ELKHORN FANTASEA S LA SAMMANA FLORIDA VACATION VILLAS I FOX HILLS FT LAUDERDALE BEACH GATLINBURG TOWN SQUARE GEOHOLIDAY US GEOHOLIDAY S GLOBAL EXCHANGE VACATION GRAND SUITES @ THE CARAVANSERAI GRANDVIEW AT LAS VEGAS H10 OCEAN BLUE & OCEAN SAND HIGHLANDS @ VERDE RIDGE HOLIDAY ARE HOLIDAY KATINKULTA HOLIDAY KUMON TROPIIKKI HOLIDAY PYHA HOLIDAY SAARISELKA HOLIDAY SALLA HOLIDAY TAMPEREEN KYLPYLA HOLIDAY YLLAS 1 HOLIDAY INN-DESERT HOLLYWOOD MIRAGE ISLAND LINKS BY CORAL S ISLAND LINKS LEGACY CELEBRITY LITTLE BAY BEACH & RACQUET CLB MEADOW LAKE GOLF AND SKI MIZNER PLACE OAKMONT OCEAN CORAL & OCEAN TURQUESA PACIFIC SHORES AND SPA PALM BEACH SHORES RST & VAC. VILLAS PARADISE CANYON GOLF PEARLY GREY OCEAN PLANTATION VILLAS PORT O'CALL PRESIDENTIAL VILLAS @PLANTATION RST RAINTREE VACATION RCI NON- MEMBER EXCH HOLIDAY GROUP SANDOS CARACOL BEACH RST.& SPA SANDOS PLAYACAR BEACH SAPPHIRE BEACH SAVILLE PARK DARWIN - 3 NIGHTS SEA ADVENTURE & WATERPARK SEDONA PINES SHERATON VISTANA SILVER LAKE SILVER LAKE - SILVER POINTS SMUGGLERS' NOTCH SUITES AT ATTITASH MTN VILLAGE SUMMER BAY SUN VACATION SUNCHASER VACATION VILLAS *MASTER* SUNRISE RIDGE SUNSET BEACH SUNSET HARBOR TEMPTATION SPA THE CLIFFS AT PEACE CANYON THE COVE AT YARMOUTH THE LANDING AT SEVEN COVES THE MANHATTAN THE SUITES AT EASTERN SLOPE INN THE VILLAS AT FAIRWAY THE VILLAS AT TREE TOPS TREE TOPS VACATION INTERNATIONALE/MASTER ACCT VACATION VILLAGE AT BONAVENTURE VACATION VILLAGE AT PARKWAY VACATION VILLAGE AT WESTON VACATION VILLAS AT THE SUMMIT VILLAS AT SUMMER BAY VILLAS SOL HOTEL AND BEACH WHITEBIRCH AT BREEZY POINT WORLDGATE HOTEL & CONVENTION +WYNDHAM BALI HAI VILLAS +WYNDHAM KAUAI BEACH VILLAS Points Members List

RCI, LLC Combined Statement of Key Operating Statistics for the RCI POINTS Exchange Program as of and for the Year Ended December 31, 2011, and Independent Accountants' Report

Deloitte. Deloitte & Touche LLP 111 Monument Circle Suite 2000 Indianapolis, IN 46204-5120 Tel: +1 317 464 8600 Fax: +1 3174648500 www.deloitte.com INDEPENDENT ACCOUNTANTS' REPORT To the Management of RCI, LLC: We have examined the accompanying combined statement of key operating statistics for the RCl POINTS Exchange Program (the "Program") ofrci, LLC, its affiliated companies, and its licensees (collectively, the "Company") as of and for the year ended December 3 I, 20 I I. This combined statement is the responsibility of the Company's management. Our responsibility is to express an opinion on thls combined statement based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence supporting the combined statement and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. In our opinion, such combined statement presents, in all material respects, the combined key operating statistics for the Program of the Company as of and for the year ended December 31, 20 11, in accordance with the Time Sharing Acts of Arkansas, California, Connecticut, Florida, Georgia, Illinois, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Mexico, North Carolina, Puerto Rico, Rhode Island, Virginia, West Virginia, and Wisconsin as described in Note 1 to the combined statement. May 29, 2012 Member of Oeloitte Touche Tohmatsu Umked

RCI, LLC COMBINED STATEMENT OF KEY OPERATING STATISTICS FOR THE RCI POINTS EXCHANGE PROGRAM AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2011 Number of timeshare properties, accommodations, or other facilities eligible to participate in the Program Resorts with current affiliation agreements (Note 6) Number of subscribing members as of year-end (Note 3) Number of exchanges for which the Company has an obligation as to this Program as of year-end to provide in a subsequent period to a member who has RCI POINTS that can be used in a subsequent year (Note 5) Number of exchanges confirmed during the year Exchange requests fulfilled as a percentage of properly submitted exchange requests, including exchange alternatives that were offered by the Company as to this Program and subsequently accepted by members (Note A) (Note 4) 1,107 1,568,16 1 890,357 762,399 80.7% Note A - The percentage of confirmed exchanges is a summary of the exchange requests entered with the exchange company in the period reported. The percentage of confirmed exchanges does not indicate a purchaser's probability of being confirmed to any specific choice or range of choices since availabi lity at individual locations may vary. See Independent Accountants' Repot1 and notes to combined statement of key operating statistics. -2-