1.

“Confirmation” means a written or electronic acknowledgment (with the exception of certain Flexchange® confirmations, which may be oral) that a request for accommodations has been fulfilled.

2.

“Fixed Time” means that the Vacation Interest is for a specific time period each year.

3.

“Floating Time” means that the Vacation Interest is not for a specific time period and may vary from year to year. Floating Time accommodations are subject to the Home Resort’s own reservation system and operating procedures.

4.

“Home Resort” means the resort in which the Individual Member owns a Vacation Interest. When the Individual Member owns a Vacation Interest at more than one resort, Home Resort is used to identify the resort at which a Unit Week is being relinquished to effectuate an exchange.

5.

“Host Resort” or “Host Accommodations” means the resort into which the Individual Member has been issued a Confirmation (including Flexchange and Getaway confirmations).

6.

“Individual Member” or “Member” means a person who owns a Vacation Interest at a Member Resort and who, by contract, agrees to be bound by the terms and conditions of II membership and exchange as amended from time to time. An Individual Member is said to be in good standing with II and the Home Resort when the Individual Member is current in the payment of all fees and assessments prescribed by II and/or the Home Resort and is in compliance with all II and Home Resort terms and conditions then in effect.

7.

“Interval Gold®” refers to the upgraded benefits package available to Individual Members in good standing upon payment of the applicable Interval Gold membership upgrade fee. Interval Gold status provides Members with certain additional travel and leisure benefits not available through basic membership in the II Exchange Program.

8.

“Member Resort” means any resort or vacation ownership club program for which a developer or homeowners’ association entered into a formal multi-year contract with II, as well as any resort for which II provides exchange services directly to its owners.

9.

“Suspension” or “Suspended Resort” means that a Member Resort is in violation of the affiliation agreement or is not in compliance with II policies and procedures. While a resort is suspended, processing of new memberships, membership renewals, and exchange deposits and requests may be temporarily halted.

10.

“TDI” or “Travel Demand Index” means the seasonal indexes that are updated periodically to reflect the cycles of relative weekly demand for a specific geographic area. The TDI is a vacation planning tool offered by II to assist Members in determining which time periods offer the best opportunities for travel to a particular region and when accommodations are most likely to be available. The TDIs are not an indication of the quality or desirability of vacationing in any specific resort, geographic area, or season, nor are they necessarily an indication of the availability of a particular week in the Exchange Program.

11.

“Vacation Interest” means the ownership of or the right to use a unit and the amenities and facilities of a vacation ownership resort for at least one week during any given year, but not necessarily consecutive years, and which extends for a period of at least three years and which may be evidenced by points.

Who We Are

1.

II is a Florida corporation offering an exchange service for use by its Members, and in certain circumstances other travel and leisure benefits (the “Exchange Program”). II is a wholly owned subsidiary of Interval Holdings, Inc., a Delaware corporation. II’s corporate headquarters is located at:

P.O. Box 431920

6262 Sunset Drive

Miami, Florida 33243-1920

305.666.1861

The obligations of II, pursuant to this guide, may be performed by II, its authorized representatives, or designated licensees.

2.

No developer of any Member Resort is an agent for or a joint venturer with II. II does not sell, lease, or otherwise convey an interest in any real property. Neither II, nor any of its officers or directors, has any legal or beneficial interest in any developer, seller, or managing entity of any resort participating in the Exchange Program. Therefore, you agree that II is not liable or responsible for any claim or loss incurred in connection with your ownership of a Vacation Interest or your participation in a vacation ownership program.

3.

The following are the corporate officers and directors of II:

Craig M. Nash

Chairman, Chief Executive Officer, Director

Jeanette E. Marbert

Chief Operating Officer, Director

John Galea

Chief Financial Officer, Director

David R. Clifton

Managing Director, EMEAA

David C. Gilbert

Executive Vice President

William L. Harvey

Executive Vice President

Marie A. Lee

Senior Vice President and Chief Information Officer

Victoria J. Kincke

Senior Vice President and General Counsel, Secretary

Thomas A. Bell

Senior Vice President

Mary Cheddie

Senior Vice President

Sharon Freed

Senior Vice President

Raul E. Estrada

Vice President

Peter Zimmerman

Vice President

Individual Membership

1.

Member Resorts usually arrange for initial membership in II for their purchasers. The Individual Membership Application and the terms and conditions contained and referenced therein comprise the Member’s contract with II, which is a separate and distinct contract from a Member’s contract with the developer or seller of the Vacation Interest. Individual Membership commences upon II’s receipt and processing of said Application and the applicable membership fee.

2.

In subsequent years, Individual Members are generally billed directly by II and membership in the Exchange Program is voluntary. At all times, participation in the Exchange Program is voluntary.

3.

Membership benefits including, but not limited to, participation in Special Exchange Services and various incentive programs will be provided so long as the Member and the Home Resort are in good standing with II. Additionally, the Member must be in good standing with the Home Resort. Membership benefits, other than the exchange privilege, if any, and Interval Gold benefits are subject to separate terms and conditions. Said benefits and their terms of use may be changed, substituted, or eliminated without prior notice. Some benefits are provided by independent third parties and II expressly disclaims responsibility for the acts or omissions of any persons or entities providing such benefits. Members are not required to exchange their Vacation Interest to use any other benefits provided through the Exchange Program.

4.

Membership in II is conditioned upon the Home Resort’s adherence to II’s standards of service, appearance, management, and operation. A Member Resort’s failure to maintain these standards, or failure to timely renovate or construct vacation accommodations and/or amenities committed to the Exchange Program, or failure to remain in good standing with II (e.g., failure to comply with contractual obligations, including the obligation to enroll purchasers and remit fees and/or the failure to comply with II policies and procedures) may result in suspension or termination of the Member Resort’s affiliation with II. A Member Resort’s suspension or termination from the Exchange Program may result in the loss of all membership benefits, including the exchange privilege for the resort’s associated Individual Members.

5.

Representations concerning Individual Membership and the Exchange Program are limited to materials supplied or otherwise approved by II in writing. All other representations are not valid or binding on II.

6.

Not all Member Resorts are included in the Interval International Resort Directory. The failure to picture a Member Resort in the Resort Directory, however, does not necessarily mean that such Member Resort is not in good standing with II, or that its associated Individual Members are not entitled to use the exchange privilege. Likewise, the inclusion of a Member Resort in the Resort Directory does not necessarily mean that such Member Resort is in good standing with II, or that an associated Individual Member is entitled to use the exchange privilege. All reasonable efforts are made to ensure that published resort information is accurate. II, however, expressly disclaims liability in the event of omission or error.

7.

Members acknowledge that:

(a)

Resort facilities, amenities, and services vary by country, location, and resort, and room accommodations vary in size, decor, and interior detail.

(b)

The description and amenities symbols provided in the Resort Directory for each Member Resort are representative of the features generally available at such Member Resort. However, unit amenities and views may vary from unit to unit within a Member Resort and each Individual Member should review the Confirmation for specific information about his or her exchange accommodations.

(c)

The exchange privilege should not be the primary reason for purchasing a Vacation Interest and the relative demand indicated in a Travel Demand Index and assigned to any particular week should not be relied upon in determining the value of that week.

(d)

II is not liable for any damage to, loss, or theft of personal property left in the Home Resort accommodations; nor is II liable for any damage to, loss, or theft of personal property that occurs through Members’ use of Host Accommodations.

(e)

II is not liable for any personal or bodily injury that occurs either at the Home Resort or at a Host Resort.

(f)

Upon renewal of membership, any and all claims against II are waived, and II is released from all liability, if any, arising out of Individual Membership that occurred prior to the renewal of same.

(g)

II’s liability, if any, in connection with Individual Membership and participation in the Exchange Program is limited to the annual membership and exchange fees paid to II by the Member.

(h)

All rules and regulations of the Host Resort, as well as these terms and conditions, must be adhered to. Violation of such rules or these terms and conditions may result in loss of present and future occupancy rights at the Host Resort and/or the cancellation of membership without further obligation by II.

(i)

If a Vacation Interest is owned by a corporation, partnership, or

trust, the Individual Membership must be held in the name of one corporate officer, partner, or trustee.

(j)

Where multiple individuals are listed in a single membership record as the owners of a Vacation Interest(s), II may continue to provide membership and exchange benefits for all individuals listed until II receives verifiable documentation of any change of ownership of the Vacation Interest(s).

(k)

Membership in II may be used only for personal and non-commercial purposes. Any other use of membership benefits may result in the suspension or termination of a member’s privileges.

(l)

Telephone conversations between Individual Members and II employees or representatives may be recorded and/or monitored for training and quality control purposes.

(m)

If II should fail or be delayed or impaired in the performance of any obligation hereunder, including, but not limited to, providing exchange accommodations, due to causes beyond the control of and without the fault or negligence of II, then II shall be excused from further performance upon written notice. Such causes may include, but are not limited to, acts of God or public enemy, fire, strikes, lock-out or other labor unrest, riot, explosion, civil disobedience, declared or undeclared war, revolution, insurrection, boycotts, acts of piracy, acts of terrorism, acts of public authorities, blockade, embargo, accident, epidemic or quarantine, delays or defaults caused by public or common carriers, and/or other circumstances materially impacting travel to a particular geographic region or in general.

(n)

Although II submits this disclosure statement for approval by regulatory agencies having jurisdiction over timeshare and exchange programs in various states, such approval should not be interpreted as applying to any travel, leisure, or other benefit or service falling outside the jurisdiction of any such agency.

(o)

II is prohibited from doing business with certain entities, individuals, and groups of individuals as may be set forth from time to time on the Specially Designated Nationals and Blocked Persons List, and the Terrorism List (collectively, “Blocked Parties”). If II receives an Individual Membership Application from a purchaser defined as a Blocked Party, II will refuse membership for such purchaser. If an Individual Member subsequently becomes a Blocked Party, II will cancel the membership without refund or other obligation.

8.

Members acknowledge and agree that II may, upon occasion, offer various products and services through telemarketing programs, and Members consent to such telephonic solicitation, including, but not limited to, solicitations through automatic dialing equipment, predictive dialing equipment, and/or pre-recorded messages. If any telephone number provided by the Member as part of the membership record is a cellular telephone number, the Member expressly consents to II’s use of such cellular telephone number for all purposes and methods as set forth herein.

9.

Members acknowledge and agree that II may, upon occasion, offer various products and services through electronic messaging, and Members consent to such electronic solicitation.

10.

The terms and conditions of membership with II and use of the Exchange Program shall be construed under the laws of the State of Florida. By maintaining Individual Membership in II, Members consent to the exclusive subject matter and personal jurisdiction of the courts in Miami-Dade County, Florida. In the event of litigation between the parties, the prevailing party shall be entitled to all costs incurred, including reasonable attorneys’ fees.

11.

The terms and conditions of Individual Membership and Exchange, including any fees associated therewith, may be changed by II at its sole discretion. Members will be provided with written notice of any such changes through II’s regular publications or at II’s Web site at IntervalWorld.com.

1.

When Vacation Interests are deposited, all rights to the use of same for the week(s) deposited are immediately assigned to II. Once a deposit is made, the deposited week may not be withdrawn. Submission or confirmation of an exchange request is not required in order for II to issue a Confirmation into a deposited week or otherwise utilize such deposited week.

2.

No fee is required to deposit vacation accommodations. An exchange fee, however, is required when placing an exchange request against the deposited accommodations.

3.

Deposits must be received by II at least 60 days, but no more than 12 months, before the commencement date of the deposited week. Flex Deposits (received by II from 59 days up until 14 days before the

commencement date of the week being deposited) also are accepted, but any exchange request placed using a Flex Deposit must be made through the Flexchange exchange service.

4.

Upon receipt of a deposit, II will assign a deposit number, which must be utilized when placing an exchange request. An exchange may be requested for the same amount of time as that deposited. The exchange request may be placed at the same time that the deposit is made or at any time after receipt of the deposit number, but no later than 24 months after the commencement date of the deposited week. In addition, the requested travel dates must be no earlier than 12 months before and no later than 24 months after the commencement date of the deposited week, unless the Individual Member chooses the Deposit Extension Option as defined in Paragraph 5 hereunder. Additionally, requests may not be submitted more than 24 months prior to the commencement date of the week requested. All normal exchange procedures (as detailed below) must be adhered to when placing a request against the deposited week. If a Flex Deposit was made, a request may be submitted only through the Flexchange service, with travel dates no later than 24 months after the commencement date of the deposited week.

5.

By using the Deposit Extension Option, Members may, upon the payment of an additional fee, extend the period in which they can request an exchange based on a particular deposit (“Request Window”) for up to a period of one year. A Request Window may only be extended one time. The Deposit Extension Option must be exercised within three months of the date on which the original Request Window expired. The extension begins on the date on which the original Request Window expired. If the deposit was placed from 12 months (or 24 months if the Home Resort participates in the Early Deposit/Request Program) to 14 days before the commencement date of the deposited week, then the exchange request placed within an extended Request Window must be placed through II’s Flexchange service. The period within which Members may request substitute accommodations pursuant to II’s Exchange Cancellation Policy and the period within which Members may request accommodations pursuant to the redemption of an accommodations certificate may not be extended by the Deposit Extension Option. All other terms and conditions of exchange apply.

6.

The ShortStay Exchange Program (“ShortStay Exchange Program”) is an exchange service offered by II to members of the Interval Gold membership program, in which resort accommodations for periods of less than seven days can be confirmed to Members who book such accommodations online at II’s Web site, www.intervalworld.com. To participate in the ShortStay Exchange Program, a Member must relinquish a Home Resort Unit Week (or its equivalent in points currency) in order to secure up to two ShortStay Exchange Confirmations for resort accommodations of equal or lesser size than the Home Resort accommodations relinquished by the Member. A ShortStay Exchange Confirmation will not be issued until the Home Resort Unit Week’s availability is verified. Generally, the resort accommodations available to the ShortStay Exchange Program will be available up to 30 days prior to the first date of occupancy on a first-come, first-served basis. Holiday, summer, and other highly demanded weeks usually will not be available through the ShortStay Exchange Program. The then-applicable domestic processing fee as defined below in Paragraph 2 under the Section entitled Fees), plus any applicable tax, must be submitted at the time a ShortStay Exchange Confirmation is made. This exchange fee is non-refundable. A cancellation of a ShortStay Exchange Confirmation results in the loss of the Home Resort Unit Week. All other terms and conditions of the Exchange Program apply to this exchange service, except as noted to the contrary.

7.

The Deposit First exchange method and/or the ShortStay Exchange Program, may not be available to owners at some Member Resorts because of the resort’s internal reservation procedures.

1.

With the Request First exchange method, Members do not give up the right to occupy the Home Resort accommodations until an exchange has been confirmed. Upon Confirmation, however, all rights to the use of the Home Resort accommodations for the relinquished week(s) are immediately assigned to II.

2.

Exchange requests using the Request First method may be placed up to 12 months prior to the commencement date of the week(s) being relinquished for exchange. The requested travel dates must be prior to or the same as the dates of the
week(s) being relinquished.

3.

Generally, owners of Floating Time Vacation Interests must first secure a specific unit and time period at their Home Resort prior to submitting an exchange request. The reservation information supplied by the Home Resort must then be submitted to II.

1.

(a)

Vacation Interests, available for occupancy as determined by II, may be deposited with II in one-week increments. Generally, owners of Floating Time Vacation Interests must first secure a specific unit and time period at their Home Resort prior to making a deposit. The reservation information supplied by the Home Resort must then be submitted to II.

(b)

Regular exchange requests, whether using the Deposit First or Request First method, must be received by II at least 60 days in advance of the commencement date of the week requested.

(c)

Early Deposit/Request Program is an exchange service for Members who own Vacation Interests at resorts participating in such Program.

(i) Deposit First Exchange Method. Members who own Vacation Interests at resorts participating in the Early Deposit/Request Program and who utilize the Deposit First method may deposit their Home Resort accommodations up to 24 months before the commencement date of the deposited week. An exchange request may be placed against such deposit at the same time or at any time after the deposit, but no later than 24 months after the

commencement date of the deposited week. The requested travel dates must be no earlier than 24 months before and no later than 24 months after the commencement date of the deposited week. Additionally, requests may not be submitted more than 24 months prior to the commencement date of the week requested.

(ii) Request First Exchange Method. Members who own Vacation Interests at resorts participating in the Early Deposit/Request Program and who utilize the Request First exchange method may place exchange requests up to 24 months prior to the commencement date of the week being relinquished for exchange and the requested travel dates must be prior to or the same as the dates of the week being relinquished. All other terms and conditions of exchange apply to this special service, except where expressly noted to the contrary.

(d)

For exchange requests made less than 60 days prior to the travel date requested, Flexchange is a service in which vacation exchange requests may be submitted from 59 days up until 24 hours in advance of the travel dates desired. The commencement date of the week requested must be at least 14 days prior to the commencement date of the week being relinquished. If a Flex Deposit has been made, the exchange request must be made through the Flexchange service. Available Host Accommodations for the date requested will be offered and an instant Confirmation will be issued if one of these availabilities is accepted at the time of the offer. Holiday, summer, and other highly demanded weeks usually are not available through Flexchange.

(e)

Regardless of the methodology used, once an exchange request is submitted, it may be canceled only if notice (written or oral) of cancellation is received by II prior to Confirmation of the request. Once issued, a Confirmation may be canceled only in accordance with II’s Exchange Cancellation Policy, as described in Paragraph 8 below.

2.

To submit a valid exchange request, a minimum of three different resorts and one time period, three different time periods and one resort, or two resorts and two time periods must be requested. Members may be confirmed into any resort or time period requested.

3.

A Member may request to travel with a number of people equal to the maximum occupancy of the Home Resort accommodations deposited or to be relinquished, provided that the number of people traveling does not exceed the standard traveling party size applicable to the Home Resort accommodations. The standard traveling party size associated with each unit type is as follows: hotel, studio, or efficiency unit — two persons; one-bedroom unit — four persons; two-bedroom unit — six persons; three-bedroom unit — eight persons, and four-bedroom unit — 10 persons. Confirmations may be made into any unit that will accommodate the number of people in the Member’s traveling party, regardless of the size of the Home Resort accommodations deposited or relinquished. For example, if a Member relinquishes a two-bedroom unit that accommodates six people, but is traveling with only four people, he or she may be confirmed into either a two-bedroom or one-bedroom unit. In all instances, exchange opportunities are enhanced by accepting any unit that will accommodate the number of people traveling.

4.

Exchanges are arranged on a space-available basis, taking into consideration the “Comparable Exchange” concept explained in Paragraph 11. Neither II, nor any developer or marketer, can guarantee the fulfillment of a specific request.

5.

In order to occupy a week, a week must be relinquished. All weeks are submitted on a random basis. II has no control over the timing, location, or number of weeks available to the Exchange Program. Members may exchange as many weeks as they own at a Home Resort, with a minimum exchange of one week.

6.

Some Members may be restricted from exchanging into resorts located within the same geographical area as the Home Resort accommodations that are being deposited or relinquished. There are currently such restrictions in Aruba; Cancún, Mexico; Cyprus; Dominican Republic; Door County, Wisconsin; Eastern British Columbia; Gatlinburg/Pigeon Forge, Tennessee; Grand Bahama Island; Grand Cayman Island; Guatemala; Hawaii (the Big Island); Maui, Hawaii; Kauai, Hawaii; Hilton Head, South Carolina; Lake Tahoe, California; Las Vegas, Nevada; Madeira, Portugal; Malta; Marco Island, Florida; Mazatlán, Mexico; Naples, Florida; Okaloosa and Walton County, Florida; Kissimmee/Orlando, Florida; Palm Desert, California; Palm Springs, California; Phuket, Thailand; Puerto Vallarta, Mexico; Stateline, Nevada; Summit County, Colorado; Virginia Beach, Virginia; and Williamsburg, Virginia. This restriction, however, does not apply to Members requesting an exchange to Member Resorts under common ownership or management with the Home Resort. Additional geographic areas may be restricted in the future. Members affected by any future restrictions will be advised in writing.

7.

Only II can confirm vacation exchange requests and only II written Confirmations are valid, with the exception of certain Flexchange Confirmations, which may be oral. II will attempt to confirm a request until 48 hours before the latest travel dates requested; however, beginning on the 30th day prior to the latest travel dates requested, II will contact the Member by telephone in order to obtain acceptance by the Member prior to issuing a Confirmation.

8.

(a)

The only circumstances under which a Member using the Exchange Program may lose the use and occupancy of the Home Resort accommodations without being provided Host Accommodations are if a Member: (i) using the Deposit First method of exchange fails to submit a valid exchange request within the time periods specified; (ii) using the Deposit First method of exchange requests accommodations that are not available and fails to accept any alternate locations and/or time periods offered; (iii) cancels a Confirmation seven days or more prior to the first date of occupancy of the Host Accommodations being canceled and fails to request substitute accommodations in accordance with II’s Exchange Cancellation Policy; (iv) cancels a Confirmation less

than seven days prior to the first date of occupancy of the Host Accommodations being canceled; (v) cancels or loses the use of a Confirmation, at any time, due to the threatened or actual damage or destruction of the Host Accommodations; (vi) cancels a Confirmation for substitute Host Accommodations that was previously issued to the Member under II’s Exchange Cancellation Policy; or (vii) where the use of the Home Accommodations is lost or impaired due to circumstances beyond II’s control.

(b)

Under II’s Exchange Cancellation Policy, a Member is entitled to cancel a Confirmation by notifying II of his or her desire to cancel such Confirmation within the first 24 hours after the exchange request has been confirmed. In the event that the Member has used the Deposit First method of exchange, the Member’s exchange fee will be refunded and the deposit will revert to a status such that the Member may redeem such deposit at a future time to place another exchange request. If the Member has used the Request First method of exchange, the Member’s exchange fee will be refunded and the right to occupy the Home Resort accommodations shall revert to the Member.

(c)

When a Member notifies II of his or her desire to cancel a Confirmation seven days or more prior to the first date of occupancy of the Host Accommodations being canceled, the Member will be entitled to request substitute exchange accommodations, as long as the Member requests travel occurring no later than 12 months following the date on which the Member cancels said Confirmation for the Host Accommodations. However, the time period in which the Member is entitled to request substitute exchange accommodations is limited, as follows:

(i) When a Member notifies II of his or her desire to cancel the Confirmation 60 days or more prior to the first date of occupancy of his or her Host Accommodations, the Member may request substitute exchange accommodations at any time from the date of cancellation up to 24 hours prior to the first date of occupancy of such substitute exchange accommodations.

(ii) Where the Member notifies II of his or her desire to cancel the Confirmation 59 days to 14 days prior to the first date of occupancy of his or her Host Accommodations, the Member may request substitute exchange accommodations 59 days to 24 hours prior to the first date of occupancy of such substitute exchange accommodations.

(iii) When a Member notifies II of his or her desire to cancel the Confirmation from 13 to seven days prior to the first date of occupancy of his or her Host Accommodations, the Member may request substitute exchange accommodations from limited travel destinations 30 days to 24 hours prior to the first date of occupancy of such substitute exchange accommodations.

(d)

Notwithstanding the foregoing, a Member may not request substitute exchange accommodations where such Member has canceled or has lost the use of a Confirmation as a result of the Host Accommodations being damaged or destroyed, or where such damage or destruction is imminent. Accordingly, where a Member is issued a Confirmation to a Host Resort located in an area prone to damage or destruction due to adverse weather conditions, earthquakes, or other natural disasters, the purchase of exchange cancellation insurance is strongly recommended by II.

(e)

II reserves the right to deny a Member substitute exchange accommodations under II’s Exchange Cancellation Policy where such Member has received compensation for his or her canceled exchange accommodations pursuant to exchange cancellation insurance or otherwise.

(f)

In all instances that a Member requests substitute exchange accommodations pursuant to II’s Exchange Cancellation Policy, the Member will be entitled to request substitute Host Accommodations comparable in quality to the Home Resort accommodations previously relinquished.

(g)

The date the Member cancels will be deemed the new date of relinquishment in determining a priority with respect to Paragraph 12(e).

(h)

No request for substitute exchange accommodations will qualify for an internal exchange priority as it relates to Paragraph 13 hereunder.

(i)

II will retain the exchange fee paid initially to secure the canceled Confirmation and, where a request for substitute exchange accommodations is allowed under II’s Exchange Cancellation Policy, the Member will be required to pay an additional exchange fee at the time he or she requests substitute exchange accommodations.

9.

Irrespective of the calendar followed by the Home Resort, Members may be confirmed into a resort with weekly time periods beginning on any day of the week.

10.

Any week not confirmed by II to a Member will be used by II for general commercial purposes.

11.

The Exchange Program is based upon the “Comparable Exchange” concept. Comparable Exchange attempts to parallel, to the greatest extent possible, the supply of and demand for the week relinquished to the Exchange Program with the supply of and demand for the week being requested in exchange. Comparable Exchange also attempts to ensure that Members are confirmed, whenever possible, to resorts that are comparable in quality to the Home Resort.

12.

II, therefore, in order to achieve its goal of providing the Member with an exchange experience comparable to that which the Home Resort provides, assigns a priority to each request based on the following factors:

(a)

The supply of and demand for, within the Exchange Program, the vacation week deposited (Deposit First) or being offered in exchange (Request First), and the Home Resort.

(b)

The supply of and demand for, within the Exchange Program, the vacation week and Member Resort being requested in exchange.

(c)

The quality, facilities, and overall experience offered by the Home Resort as compared to the quality, facilities, and overall experience of the Member Resort being requested in exchange. This is based on evaluation forms received from exchange guests to the Home Resort, resort inspections and evaluations, and other information received by II regarding the Home Resort.

(d)

When the exchange request is received by II. The earlier of two identical requests for the same vacation week with identical relinquishment will receive priority.

(e)

The amount of time in advance of the first date of occupancy at which the Home Resort vacation week is relinquished to II.

(f)

The unit type and private sleeping capacity being relinquished as compared to the unit type and private sleeping capacity being requested. The priority established for exchange requests is based on the number of persons that the deposited or to-be-relinquished Home Resort unit will accommodate privately. The number of persons accommodated privately is generally determined on the basis of two people per private sleeping area having access to a bathroom. Such bathroom access must not interfere with the privacy of the people who occupy the unit’s other private sleeping areas.

All of the above factors, with the exceptions of when the Home Resort accommodations are relinquished, when a request is received, and the unit type and private sleeping capacity, are constantly changing and are updated by II on an ongoing basis.

13.

In addition to the above, priority in the exchange confirmation process is provided to:

(a)

Members requesting an exchange to selected Member Resorts that are owned, marketed, and/or managed in common with the Home Resort, and

(b)

Members who own a Vacation Interest at a Member Resort located in the geographic regions of Australia, New Zealand and/or South Africa, and are requesting an exchange to other Member Resorts that are located in the same geographic region as the Member’s Home Resort.

14.

The Host Accommodations may be used only for personal and non-commercial purposes. Members are expressly prohibited from exchanging or renting the Host Accommodations. Failure to use the Host Accommodations will not entitle Members to use the Home Resort accommodations for the period relinquished. Confirmations are issued only in the name of the Member placing the exchange request, and Host Accommodations may be used only by the Member and accompanying guests, unless a Guest Certificate is obtained from II. There is a fee for each week assigned via a Guest Certificate and it must be paid, plus any applicable tax, when the certificate is requested. This Guest Certificate fee is in addition to the exchange fee required when the exchange request is placed. The Member requesting the Guest Certificate is responsible for the acts and omissions of the individuals occupying the Host Accommodations, including any loss or damage to the Host Resort or the Host Accommodations. Individuals under the age of 21 are not eligible to receive a Guest Certificate. Additionally, the issuance of a Guest Certificate and the use of the Host Accommodations are subject to any restrictions or limitations that may be imposed by the Host Resort. Members are expressly prohibited from selling or exchanging a Guest Certificate for cash, barter, or other consideration. In the event that any of the above terms are breached, II reserves the right to revoke the Guest Certificate.

15.

By depositing a week or submitting an exchange request, Members represent and warrant that they have the right to use or assign the Home Resort accommodations, and that all maintenance fee assessments or similar charges have been paid through the date of the week deposited or being relinquished in exchange. Exchange privileges may be denied and a Confirmation canceled if all such maintenance fee assessments or similar charges at the Home Resort have not been paid. A vacation week may not be rented, exchanged, or given to any third party once it has been deposited with the Exchange Program, while II is attempting to fulfill an exchange request, or after II has issued a Confirmation. Additionally, if the Vacation Interest is sold after a week has been deposited, while an exchange request is pending with II, or after II has issued a Confirmation into a week, such sale must be subject to II’s exclusive right to use the week deposited (Deposit First) or the week relinquished (Request First) to the Exchange Program. Any action in contravention of the foregoing will subject the Member to an administrative fee, and the Member shall be responsible for all losses incurred by II. Additionally, such individual’s membership privileges with II will be suspended (without further obligation by II) until such time as all amounts owed to II have been paid in full.

Special Exchange Services

1.

The Getaway Program is a special exchange service offered by II from time to time in which resort accommodations are confirmed to Members upon payment of a fee plus any applicable tax. The resort accommodations available through the Getaway Program include resort accommodations that have been deposited or relinquished by Members, but are not otherwise utilized by II, and resort accommodations made available to II directly by resort developers or other third parties for exclusive use in the Getaway Program. The fee charged to Members by II is based primarily upon the unit size confirmed, the location of the accommodations, and the occupancy date. To participate in the Program, Members are not required to relinquish the Home Resort unit. In certain circumstances, Members may not be confirmed through the Getaway Program into their Home Resort or into Member Resorts that are, directly or indirectly, under common ownership or

control with the Home Resort, due to the Home Resort’s internal rules, regulations, or procedures. Holiday, summer, and other highly demanded weeks usually are not available through the Getaway Program. II reserves the right to limit the number of Getaway Confirmations issued to a particular Member in any particular year and to limit the number of units confirmed to a Member for any given travel date. II’s Exchange Cancellation Policy does not apply to Getaway Confirmations. Any cancellation of a Getaway Confirmation results in the loss of the unit. Getaway fees will not be refunded under any circumstances. Members are expressly prohibited from selling or exchanging a Getaway Confirmation for cash, barter, or other consideration. A Guest Certificate may be obtained for a Getaway Confirmation in accordance with the terms set forth in Paragraph 14 under the Section entitled Exchange Procedures and Priorities above. All other terms and conditions of the Exchange Program apply to this special service, except where noted to the contrary.

2.

The Interval Options® Program is an alternative exchange service offered by II to members of the Interval Gold membership program, whereby said members are allowed to exchange their Home Resort accommodations for a credit against the purchase of cruise, spa, or golf vacations. Participation in this Program requires the payment of an exchange transaction fee, as designated by II at the time the request is placed, and a supplemental fee upon II’s confirmation thereof. The exchange transaction fee will be refunded only if an exchange cannot be confirmed, if written or oral cancellation of the applicable exchange request is received by II prior to Confirmation, and if the Member requests a refund in writing. The amount of the supplemental fee is assessed on a per person basis and varies depending on many factors, including, but not limited to, the alternative vacation selected, the itinerary and travel dates selected, the accommodations selected, and the Home Resort accommodations relinquished. In the event that a Confirmation made through the Interval Options Program is canceled, the supplemental fee shall be refunded in accordance with the refund policies of the provider(s) of the alternative vacation component(s). In all instances, the alternative vacation packages are requested using the Request First exchange method. One-bedroom or larger lock-off portions of a unit will be accepted for deposit in the Interval Options Program when such lock-off portion contains a “full” kitchen (i.e., a full-sized refrigerator, stove, and oven). All other terms and conditions of the Exchange Program apply to this special service, except where noted to the contrary.

3.

II does not guarantee the continuation of either of these special exchange services. Members will be advised in writing if any of these services are discontinued.

Fees

The membership and exchange fees set forth below are applicable for residents of the United States, Canada, and the Caribbean. Residents of other geographic areas are subject to different membership and exchange fees which are assessed by local servicing offices or representatives.

1.

II’s annual Individual Membership fee is US$89, plus any applicable tax, and the annual upgrade fee (in addition to the applicable Individual Membership fee) for Interval Gold status is US$54, plus any applicable tax. When enrolled in II’s Automatic Renewal Option, annual renewal dues will be charged automatically to the credit card indicated, at the rate applicable at membership expiration, unless canceled in writing prior to the renewal date. II will provide each Member not less than seven calendar days’ written notice of renewal prior to processing such automatic charge. Membership will continue from year to year for as long as the Member is eligible for membership. Where a Member purchases additional Vacation Interests, such Member may include such additional Vacation Interests within his or her then-current Individual Membership upon the payment of an administrative fee of US$39 per adjustment. Alternatively, upon the purchase of additional Vacation Interests, said Member may elect to pay an additional annual Individual Membership fee of US$89 at the time such Vacation Interests are included with the Individual Membership, whereupon II shall extend the term of said Member’s then-current Individual Membership for an additional 12-month period per additional membership fee paid. Notwithstanding the foregoing provisions, where a Member owns a Vacation Interest at a Member Resort participating in a corporate membership program, as well as owning a Vacation Interest at a Member Resort through which the Member participates as an Individual Member of the II Exchange Program, said Member must maintain his or her Individual Memberships in the II Exchange Program, separate and distinct from his or her participation in the corporate membership program. Membership fees are refundable on a pro rata basis (based on the number of full months remaining in the applicable membership period) upon II’s receipt of a Member’s written request for cancellation of his or her membership and a refund. Upgrade fees for Interval Gold status also are refundable on the same basis, provided, however, that the Member also returns to II any Interval Gold membership card(s) that he or she has received. Failure to renew membership within 90 days from any expiration thereof may require payment of a US$200 readmission fee to reinstate membership.

2.

The exchange fee per week confirmed is US$149 for travel within the Member’s country of residence (“domestic processing fee”) or US$164 for travel outside the Member’s country of residence (“international processing fee”) and is subject to any applicable tax which must be paid at the time an exchange request is made. Notwithstanding the foregoing, Members residing in the United States or Canada pay only the domestic processing fee for travel within the United States or Canada. Members who choose to utilize II’s Web site at www.intervalworld.com to transact an exchange request, are eligible to deduct US$10, per week confirmed, from the applicable processing fee. Any request that contains destinations both within the country of residence and outside the country of residence requires the international processing fee, regardless of where the request is ultimately confirmed. If the international processing fee is paid, no portion of the fee will be refunded if confirmed to an area in which the domestic processing fee would otherwise apply. If the request is made by telephone, the exchange fee may be paid by a credit card acceptable to II or by check. Where the exchange fee is paid by check, however, confirmation will not occur until said check has been received and processed by II. Accommodations will be held for five calendar days pending receipt

of a check for an exchange fee. In addition, in any instance in which a Member pays a fee by check, II reserves the right to collect an administrative fee where such check is returned to II. Checks are not accepted for Confirmations with occupancy commencement dates within 30 days or less. Exchange fees will be refunded only if an exchange cannot be confirmed, if written or oral cancellation of the applicable exchange request is received by II prior to Confirmation, and if the Member requests his or her refund in writing. Exchange fees will not be refunded under any other circumstances.

3.

If the Deposit Extension Option is selected by the Member, an additional fee per deposit is required at the time the deposit extension is requested. The fee to extend a deposit for three months is US$59, for six months is US$89, and 12 months is US$169.

4.

If a Guest Certificate is requested by the Member, an additional fee of US$39 is required at the time the certificate is requested. If II does not issue the Guest Certificate, the certificate fee will be refunded. Guest Certificate fees will not be refunded under any other circumstances.

5.

In the event that a Member sells, rents, exchanges, or otherwise assigns the Home Resort accommodations to any third party after such accommodations have been deposited with II, while a request is pending with II, or after II has issued a Confirmation, II will assess such Member an administrative fee. Additionally, such Member will be responsible for all liabilities incurred by II in connection with the double use of the accommodations by the Member. Under these circumstances, membership privileges will be suspended (without further obligation by II) until such time as all amounts owing have been paid in full to II.

6.

II may suspend membership privileges in the event a Member fails to pay any amount owed to the Host Resort, II, or any other company related to II.

7.

Some jurisdictions have imposed a tax on the occupant of resort accommodations. Consequently, any bed tax, transient occupancy tax, or similar tax that is imposed shall, in those circumstances, be the responsibility of the exchanging Member. Additionally, Members are responsible for all personal charges (e.g., telephone calls and meals) at the Host Resort, and any utility surcharge or other permissible charge imposed by a resort, as well as any damage, loss, or theft to the Host Accommodations and facilities that are caused by Members or their guests.

8.

Fees, if any, charged by Member Resorts for the use of amenities are determined and levied by each resort. Should the Member desire to use these amenities, such fees are the responsibility of the Member. These fees vary from resort to resort.

9.

All fees may be increased from time to time by II, at its sole discretion, upon written notice to Members.

Akiris

Contrada Laccata

Marina di Nova Siri

Nova Siri (MT) 75020, Italy

Alanda Club Marbella

Ctra. Cádiz Km. 192

Jardines de Las Golondrinas

Marbella, Málaga, Spain

Alessidamo Club

Via del Mare

Santa Pelagina

Metaponto Lido (MT), Italy

Alpenclub Schliersee

Kirchbichelweg 18

Schliersee 83727, Germany

Alpine Club, The

Schladmining/Rohrmoos

Styria 8970 Austria

Amatique Bay Resort & Marina

Bahia de Amatique

Puerto Barrios, Guatemala

American Resorts International Holiday Network – Maria Alm

Dorf 86 – A-5761 Maria Alm

Maria Alm, Austria

American Resorts International Holiday Network – St. Johann

Hans-Kappacher Str. 7-9

St. Johann im Pongau 5600, Austria

Americano Beach Lodge Resort

1260 North Atlantic Avenue

Daytona Beach, FL 32118

Apart Holidays – Hotel Fuenfjahreszeiten

Auf dem Koepfle 1-5

Todtmoos 79682

Germany

Apartur Bariloche

Av. Mitre 685

Bariloche, Río Negro, Argentina

Aquarius Vacation Club at Boqueron Beach

Carr. #101 Int. 307

KM 18, HM 8

Cabo Rojo, Puerto Rico

Aquarius Vacation Club at Embassy Suites

201 Dorado del Mar Boulevard

Dorado, Puerto Rico

Aruba Beach Club

L.G. Smith Boulevard #53

Oranjestad

Aruba, Dutch Caribbean

Aruban Resort & Casino at Eagle Beach, The

J.E. Yrausquin Boulevard 250

Oranjestad

Aruba, Dutch Caribbean

Atlantic Club Reserva de Marbella

Ctra. Nacional 340, Km. 193.6

Marbella, Málaga 29600, Spain

Atrium Resort, The

Arctic Avenue at 21st Street

Virginia Beach, VA 23451

Auramar Beach Club

Aparthotel Auramar

Apartado 851, Praia Dos Aveiros

8200 Albufeira, Algarve, Portugal

Bagaglino I Giardini di Porto Cervo

I Ginepri & Le Magnolie

Liscia di Vacca, Sassari, Italy

Bahía Manzano

Puerto Manzano – Los Lagos

Villa La Angostura

Neuquén, Argentina

Banff Rocky Mountain Resort

1029 Banff Avenue

P.O. Box 100

Banff, Alberta T0L 0L0

Canada

Barceló Los Cabos

P. Malecón Lote 5 s/n D. Fonatur

San José del Cabo

Mexico

Beach House Golf and Racquet Club

6800 North Ocean Boulevard

Myrtle Beach, SC 29577

Beach House Seaside Resort

52 Marine Parade

Coolangatta, Queensland 4225

Australia

Beach Quarters

5th & Atlantic Avenues

Virginia Beach, VA 23451

Beacons of Minocqua, The

8250 Northern Road

Minocqua, WI 54548

Bellasera Tuscan Villas & Piazza

1795 Country Club Drive

Kelowna, British Columbia V1Y 9N8

Canada

Bighorn Meadows on the Springs at Radium Golf Resort

7563 Columbia Avenue and Stanley Street

Radium Hot Springs

British Columbia V0A 1M0, Canada

Bilmar Beach Resort Condominium

10650 Gulf Boulevard

Treasure Island, FL 33706

Bintan Lagoon Resort

Jalan Indera Segara

Lagoi, Bintan Utara

Indonesia

Blackstone Mountain Lodge

170 Kananakis Way

Canmore, Alberta, Canada

BlueBay Beach Club

Avda. Pablo Picasso s/s, Urb. Bahía Feliz

San Agustín, Gran Canaria 35100

Canary Islands, Spain

Bluebeard’s Beach Club & Villas

100 Frenchman’s Bay

St. Thomas 00802

U.S. Virgin Islands

Blue Ridge Village, an Equivest Managed Resort

Route 1, Box 264, Highway 184

Banner Elk, NC 28604

Blue Tree Resort at Lake Buena Vista

12007 Cypress Run Road

Orlando, FL 32836

Boambee Bay Resort

8 Barber Close

Toormina, New South Wales 2452

Australia

Boyne Vacation Club at Bay Harbor Resort

3600 Village Harbor Drive

Bay Harbor, MI 49770

Boyne Vacation Club at Disciples Ridge

1 Boyne Mountain Road

P.O. Box 19

Boyne Falls, MI 49713

Boyne Vacation Club at Mountain Grand Lodge

1 Boyne Mountain Road

P.O. Box 19

Boyne Falls, MI 49713

Boyne Vacation Club at Hemlock

1 Boyne Mountain Road

P.O. Box 19

Boyne Falls, MI 49713

Boyne Vacation Club at Pleasantview Loft

600 Highlands Drive

Harbor Springs, MI 49790

Boyne Vacation Club at Shoshone

1 Lone Mountain Trail

P.O. Box 160001

Big Sky, MT 59716

Boyne Vacation Club at Stillwater

1 Lone Mountain Trail

P.O. Box 160001

Big Sky, MT 59716

Brewster Green Resort

203 Lund Farm Way

Brewster, MA 02631

Briarwood

Pine Valley Drive

Falmouth, MA 02540

Brockway Springs Resort

101 Chipmunk Street

Kings Beach, CA 96143

Cabins at Green Mountain

3864 Green Mountain Drive

Branson, MO 65616

Cabo Villas Beach Resort

Callejon Del Pescador S/N

Cabo San Lucas 00257

Mexico

Calampiso

Sauci Grande, San Vito lo Capo

Trapani, Sicily, Italy

California Vacation Club – Desert Breezes

77-955 Calle Las Brisas South

Palm Desert, CA 92211

California Vacation Club – Indian Palms

48-630 Monroe Street

Indio, CA 92201

California Vacation Club – The Lodge at Kingsbury

133 Deer Run Court

Stateline, NV 89449

California Vacation Club – Riverpointe Napa Valley

500 Lincoln Avenue

Napa, CA 94558

California Vacation Club – Scottsdale Camelback

6302 E. Camelback Road

Scottsdale, AZ 85251

California Vacation Club – Vista Mirage

400 S. Hermosa

Palm Springs, CA 92262

Calypso Cay Vacation Villas

4951 Calypso Cay Way

Kissimmee, FL 34746

Canada House Beach Club

1704 North Ocean Boulevard

Pompano Beach, FL 33062

Canadian Resorts – Marparaiso Queen

Km. 24 Carretera a Barra Vieja

Acapulco, Mexico

Cancún Clipper Club

Mauna Loa Shopping Center

Apartado Postal #1725

Cancún, Quintana Roo 77500

Mexico

Caribbean and Dream Buildings at Ocean Landings Resort

900 North Atlantic Avenue

Cocoa Beach, FL 32931

Caribbean Palm Village

Noord 43-E Palm Beach Road

Oranjestad

Aruba, Dutch Caribbean

Carriage House, The

105 East Harmon Avenue

Las Vegas, NV 89109

Carriage House at Pocono Manor

Route 314

Pocono Manor, PA 18349

Carriage Place at Surrey Vacation Resort, The

430 C Highway 165 South

Branson, MO 65616

Casa Del Mar Beach Resort

J.E. Yrausquin Boulevard 51/53

Oranjestad

Aruba, Dutch Caribbean

Casa Dorada at Médano Beach

Avenida del Pescador s/n

Loc. 9 y 10 Col.

El Médano, Cabo San Lucas, Mexico

Casa MenDan

Gyógyfüö ter 4

Zalakavos

Zala 8749

Hungary

Casa Ybel Beach and Racquet Club

2255 West Gulf Drive

Sanibel Island, FL 33957

Castaways Cove

Collier’s Bay

Collier’s Bay, Grand Cayman

Cayman Islands

Castillo Beach Club

Lake Reception, Caleta de Fuste

Antigua, Fuerteventura 35600

Canary Islands, Spain

Catalina Beach Club

1303 South Atlantic Avenue

Daytona Beach, FL 32018

Causeway on Gull

8095 Lost Lake Road

Nisswa, MN 56468

Cedar Lake Country Club

555 Nerang Murwillumbah Road

Advancetown Via Nerang

Queensland 4211, Australia

Celebrity Resorts Brigantine Beach – The Inn

1400 Ocean Avenue

Brigantine, NJ 08203

Celebrity Resorts Lake Buena Vista

8451 Palm Parkway

Lake Buena Vista, FL 32819

Celebrity Resorts Orlando

2794 North Poinciana Boulevard

Kissimmee, FL 34746

Celebrity Resorts Orlando Oaks

2794 North Poinciana Boulevard

Kissimmee, FL 34746

Celebrity Resorts Orlando Spas

2800 North Poinciana Boulevard

Kissimmee, FL 34746

Celebrity Resorts Palm Coast

201 Clubhouse Drive

Palm Coast, FL 32137

Celebrity Resorts Steamboat Springs – Hilltop

1000 Highpoint Drive

Steamboat Springs, CO 80477

Celebrity Resorts Steamboat Springs – The Suites

1485 Pine Grove Road

Steamboat Springs, CO 80477

Celebrity Resorts White Sands Waikiki

431 Nohonani Street

Honolulu, HI 96815

Chalet High/Chalet High North

Route 717

Basye, VA 22810

Chalet High South

Fairway Drive

Basye, VA 22810

Chayofa Country Club

Chayofa, Arona

Tenerife 38627, Canary Islands

Spain

Cherry Tree Condo Hotel

2345 US 31 North

Traverse City, MI 49686

Christie Lodge, The

47 East Beaver Creek Boulevard

Avon, CO 81620

Christmas Mountain Village

5944 Christmas Mountain Road

Wisconsin Dells, WI 53965

Cibola Vista Resort and Spa

27501 N. Lake Pleasant Road

Peoria, AZ 85383

Cliffs Club, The

3811 Edwards Road

Princeville, Kauai, HI 96722

Clowance Estate & Country Club

Praze-An-Beeble

Camborne, Cornwall TR14 0PT

United Kingdom

Club Armonia

Kadikalesi – Turgutreis

Bodrum-Mugla

Turkey

Club Asia International – Crowne Plaza Riverside Kuching

Jalan Tunku Abdul Rahman

Kuching, Sarawak 93756, Malaysia

Club Asia International – Damai Beach Resort

Jalan Santubong

Kuching, Sarawak 93756, Malaysia

Club Asia International – Damai Puri Resort and Spa

Jalan Santubong

Kuching, Sarawak 93762, Malaysia

Club Cala de Palmas (Palmas del Mar)

170 Candelero Drive

Humacao, PR 00791

Club Casa Dorada Spa & Golf Resort

Km. 19.5 Carretera Transpeninsular

San José del Cabo B.C.S. 23400

Mexico

Club Cascadas de Baja

Camino Viejo a San José

Cabo San Lucas, B.C.S., Mexico

Club de Soléil

5499 West Tropicana Avenue

Las Vegas, NV 89103

Club del Carmen

Calle Noruega 2

Puerto del Carmen, Lanzarote

Canary Islands, Spain

Club Destin Resort

1085 Highway 98

Destin, FL 32541

Club Estela Dorada at Gruphotel Club Jardines Paraisol

Calle Ciudad de Reus, 19

Salou, Tarragona 43840, Spain

Club Estela Dorada at Gruphotel Mediterranean Club Cala Pi

Urb. Torre Cala Pi

Llucmajor

Mallorca, Balearic Islands 07639

Spain

Club Flipper

Tilkicik Mevkii

Yalikavak

Bodrum, Mugla, Turkey

Club Gran Dorado

Port Zélande 2

Oudorp 3253 MG

Netherlands

Club Greece at Villea Village

Analipsi, Pefkon

Sitia, Crete, Greece

Club Hotel Tiberias

Ahad Ha’am Street

Tiberias 14222, Israel

Club In

Coral Beach

Eilat, Israel

Club Internacional de Cancún

Bulevar Kukulcán

Cancún, Quintana Roo 77500

Mexico

Club Intrawest – Blackcomb

4580 Chateau Boulevard

Whistler, British Columbia V6B 5C6

Canada

Club Intrawest – Palm Desert

1 Willow Ridge

Palm Desert, CA 92260

Club La Costa at Las Farolas

Urb. Las Farolas

Carretera Cádiz, Km. 203

Mijas-Costa, Málaga, Spain

Club La Pension

115 Decatur Street

New Orleans, LA 70130

Club Monte Anfi

Barranco de la Verca

Arguineguín, Gran Canaria 35120

Canary Islands, Spain

Club Mougins

Chemin de Val Fleuri

Mougins 06250, France

Club Ocean Villas II

105 Edward Taylor Road 120th Street

Ocean City, MD 21842

Club Paihia

67 Williams Road

Paihia, New Zealand

Club Patara

Kalkan Club Patara

Kalkan, Turkey

Club Prestige

Tuerkmen Mahallesi

(Aydin) Kusadasi, Turkey

Club QM at Kingsbury Crossing

133 Deer Run Court

Stateline, NV 89449

Club QM at Thunderbird Resort Club

200 Nichols Boulevard

Sparks, NV 89431

Club Residence Capopiccolo

Località Capopiccolo

Isola di Capo Rizzuto

Crotone 88076, Italy

Club Royale at Aztec Country Club

c/o Aztec Country Club

Calle Libra, Urb. Riviera del Sol

Mijas-Costa, Málaga 29647, Spain

Club Royale at Lubina Sol

c/o Aztec Country Club

Calle Libra, Urb. Riviera del Sol

Mijas-Costa, Málaga 29647, Spain

Club Rüyakent

Turgutreis Akyarlar

Bodrum-Mugla, Turkey

Club Sevilla

4646 West Irlo Bronson Memorial

Highway

Kissimmee, FL 34746

Club Sol del Este

Avenida Roosevelt y Parada 12

Punta del Este, Uruguay

Club Sultán de Marbella

Calle Arturo Rubinstein, s/n

Marbella 29600, Spain

Club Système Vacances at Oasis Club

Avenida Las Palmeras

Urb. Riviera del Sol

Mijas-Costa, Málaga 29647, Spain

Club Système Vacances at Vera Beach Club

Urb. Pueblo Laguna

Ctra. Garrucha-Palomares

Urb. Vera Coast, Apdo. 198

Garrucha, Almería, Spain

Club Tahiti II

Calle Isla de Lobos 12

Costa Teguise

Lanzarote

Canary Islands, Spain

Club Tahoe Resort

914 Northwood Boulevard

Incline Village, NV 89451

Club Vacacional en la Torre Azul Fontan

Bulevar Ixtapa s/n

Zona Hotelera

Ixtapa, Guerrero 40880, Mexico

Clube Praia da Oura

Apartado 827

8200 Albufeira

Algarve, Portugal

Coconut Bay Resort

919 North Birch Road #101

Fort Lauderdale, FL 33304

Coconut Palms Beach Resort

611 South Atlantic Avenue

New Smyrna Beach, FL 32169

Cold Spring Properties

460 North Ashland Road

Ashland, NH 03217

Condohotel Villa Del Mar

Km. 2.5, Francisco Medino Ascencio

Puerto Vallarta, Jalisco, Mexico

Condominio Gran Hotel Pucón

Holzapfel 190

Pucón, Chile

Condominios Playa del Sol

Calle Malecon #1

Colonia Emiliano Zapata

Puerto Vallarta, Jalisco 48300

Mexico

Condominios Solamar Inn

Boulevard Sábalo #1942

Mazatlán, Sinaloa, Mexico

Corail Royal Plage

Tabarka, Tunisia

Coral Beach Resort

Urbanization La Concha

c/Nestor Alamo, 1

Playa Honda

Arrecife, Lanzarote 35500

Canary Islands, Spain

Coral Reef Beach Resort

5800 Gulf Boulevard

St. Petersburg Beach, FL 33706

Cordial Residence‘Il Pelagone’ Toscana

Km. 219 SS 1 Aurelia

Loc. Il Pelagone

Gavorrano (Grosseto) I-58023

Italy

Cordial Sanotel Badgastein

Conrad-Strochner-Strasse 2

Badgastein 5640, Austria

Cordial Theaterhotel Salzburg

Schallmooser Hauptstrasse 13

Salzburg 5020, Austria

Cordial Theaterhotel Wien

Josefstädterstrasse 22

Vienna 1081, Austria

Cordial-Hotel Achenkirch

Am Achensee 177

Achenkirch 6215, Austria

Cordial-Hotel Reith bei Kitzbühel

Cordial Platz 1

Reith bei Kitzbühel A-6370

Austria

Costa Linda

59 J. E. Irausquin Boulevard

P.O. Box 1345

Oranjestad, Aruba, Dutch Caribbean

Cove at Ormond Beach, The

145 South Atlantic Avenue

Ormond Beach, FL 32176

Cove at Yarmouth, The

183 Main Street

Route 28

West Yarmouth, MA 02673

Creekside Village

Resort Road

Bryce Mountain Resort

Basye, VA 22810

Crown Point Condominiums

220 Crown Point Drive

Ruidoso, NM 88355

Crown Regency Vacations at Crown Regency Hotel and Towers

0 Kilometer Jones Avenue

Fuente Smena

Cebu City 6000

Philippines

Crown Regency Vacation at Crown Regency Suites

Maximo Patalinghug Jr. Avenue

Lapu Lapu, Cebu 6015

Philippines

Crystal Beach Suites and Health Club

6985 Collins Avenue

Miami Beach, FL 33141

Cypress Pointe Grande Villas

8651 Treasure Cay Lane

Lake Buena Vista, FL 32836

Cypress Pointe Resort

8651 Treasure Cay Lane

Lake Buena Vista, FL 32836

Dana Inn Resort Pousada Tabatinga

Rodovia Caragua/Ubatuba, Km. 17

Caraguatatuba

São Paulo 11600, Brazil

David Walley’s Resort – A Quintus Resort

2001 Foothill Road

Genoa, NV 89411

Daytona Beach Regency

400 N. Atlantic Avenue

Daytona Beach, FL 32118

Desert Breezes Resort

77-955 Calle Las Brisas, South

Palm Desert, CA 92260

De Vere Resort Ownership – Cameron House

Cameron House Hotel & Country Estate

Loch Lomond

Dunbartonshire G83 8QZ

United Kingdom

Deerhurst Residences

1235 Deerhurst Drive

Huntsville, Ontario P1H 2EB

Canada

Diar Lemdina

Medina Vacation Club

Yasmine

Hammamet 00191

Tunisia

Discovery Beach Resort

300 Barlow Street

Cocoa Beach, FL 32931

Divi Village

J.E. Yrausquin Boulevard #93

Aruba, Dutch Caribbean

Domaine Mont Sainte-Anne

203 rue Val Des Neiges

C.P. -57

Beaupre, Quebec G0A 1E0, Canada

Dunes Hotel & Beach Resort

Calle Campo

Valle de Pedro Gonzalez

Isla Margarita, Venezuela

Dutch Village, The

J. E. Yrausquin Boulevard #47

Aruba, Dutch Caribbean

Eagle Crest

1522 Cline Falls Road

Redmond, OR 97756

Eagle Point

1500 Matterhorn Circle

Vail, CO 81657

Eagle’s Nest

410 South Collier Boulevard

Marco Island, FL 33937

Edgewater Beach Resort

95 Chase Avenue

Dennisport, MA 02639

Edgewater Resort

Sargood Drive Wanaka

Wanaka, New Zealand

Edificio Rambla

Las Heras 2100

Mar del Plata 7600, Argentina

Eilat Club Hotel

Harava Road

Eilat 88000, Israel

El Moro Tower El Cid at Mazatlán

Av. Camarón s/n

Mazatlán, Sinaloa 82110, Mexico

El Quijote Inn

Av. Camarón Sábalo s/n

Apartado Postal 934 & 966

Mazatlán, Sinaloa, Mexico

El San Juan Towers

ESJ Towers Box 2200

6165 Isla Verde Avenue

Carolina, PR 00979-5765

Ellington at Wachesaw Plantation East

911 Riverwood Drive

Murrells Inlet, SC 29576

Embarcadero Pacífico

Av. La Marina Sur

Esq. con Ancla

Puerto Vallarta, Jalisco, Mexico

Emerald Grande at Harborwalk Village

10 Harbor Drive

Destin, FL 32541

Equivest Avenue Plaza Hotel & Pro Spa

2111 St. Charles Avenue

New Orleans, LA 70130

Equivest Inn On The Harbor

359 Thames

Newport, RI 02840

Escapes! to Galveston

11739 Farm Road 3005

Galveston, TX 77554

Escapes! to Greens at Bella Vista

Riordan Road

430 Town Center

Bella Vista, AR 72714

Escapes! to Hot Springs

One Los Lagos Boulevard

Hot Springs Village, AR 71909

Escapes! to Stonebridge Village

1600 Ledgestone Way

Reeds Spring, MO 65737

Esmeralda Beach Club

Calle Ponent, 1

Playa de Levante

Calpe, Alicante 03710, Spain

Estero Island Beach Club

1840 Estero Boulevard

Fort Myers Beach, FL 33931

Exclusive Resorts at the Cape Suites Hotel

18 De Villiers Street

Zonnebloem, Capetown 8000

South Africa

Fairmont Vacation Villas at Hillside

5129 River View Gate

Fairmont Hot Springs

British Columbia V0B 1L0, Canada

Fairmont Vacation Villas at Mountainside

5247 Fairmont Creek Road

Fairmont Hot Springs

British Columbia V0B 1L0, Canada

Fairmont Vacation Villas at Riverside

5129 River View Gate

Fairmont Hot Springs

British Columbia V0B 1L0, Canada

Fairway Forest

4350 Highway 64 West

Sapphire, NC 28774

Falcon Point

175 Lake Street

Avon/Beaver Creek, CO 81620

Falls at Ogunquit, The

639 Main Street

Ogunquit, ME 03907

Falls Village, The

200 Creekside Road

Branson, MO 65616

FantasyWorld Club Villas

2935 Hart Avenue

Kissimmee, FL 32741

Flagship Resort, The

60 North Maine Avenue

Atlantic City, NJ 08401

Flamingo Beach Resort

6 Billy Folly Road

Pelican Key, St. Maarten

Netherlands Antilles

Flamingo Club

Marina San Eugenio

Adeje, Tenerife

Canary Islands, Spain

Floriday’s Orlando Resort

7482 Vineland Avenue

Orlando, FL 32821

Fort Lauderdale Beach Resort

909 Breakers Avenue

Fort Lauderdale, FL 33304

Four Seasons Country Club

Quinta do Lago, Apartado 3282

Almancil, Algarve 8135, Portugal

Four Seasons Fairways

Apartado 3259

Almansil

8136 Almansil Codex

Algarve, Portugal

Four Seasons Residence Club Aviara

7039 Finch Lane

Carlsbad, CA 92009

Four Seasons Vilamoura

Apartado 507

Vilamoura Codex

Algarve 8125, Portugal

Foxhunt Town Homes

4350 Hwy 64 W

Sapphire Valley, NC 28717

Foxrun

180 Herman Wilson Road

Lake Lure, NC 28746

Franz Klammer Lodge

567 Mountain Village Boulevard

Telluride, CO 81435

French Lick Springs Villas

Grand Sharm Resort

Hippocampus Viña del Mar Resort

Hotel Viva Clarion Suites

Highway 56

Ras Om El-Sid Cliff

& Club

14 Calle 3-08 Zona 10

French Lick, IN 47432

Sharm el Sheikh, Egypt

Concon

Guatemala City, Guatemala

Viña del Mar, Chile

Galleon Resort, The

Grand Timber Lodge

Hyatt Beach House Resort

617 Front Street

75 Snow Flake Drive

Historic Powhatan Resort, The

5051 Overseas Highway (US 1)

Key West, FL 33040

Breckenridge, CO 80424

3601 Ironbound Road

Key West, FL 33040

Williamsburg, VA 23188

Galleria at Split Rock

Greensprings Vacation Resort

Hyatt Coconut Plantation

1 Lake Drive

3500 Ludwell Parkway

Holiday Beach Resort

23282 Coconut Pointe Resort Drive

Lake Harmony, PA 18624

Williamsburg, VA 23188

1006 U.S. Highway 98 East

Bonita Beach, FL 34134

Destin, FL 32540

Garden Hotel, The

Halland International Resort Club

Hyatt Grand Aspen

#368 Huan Shi Dong Road

Ta L-Ibragg

Holiday Club Airisto

400 Dean Street

Guangzhou, Guangdong 510064

St. Andrews, Malta

Airistontie 700

Aspen, CO 81611

China

Stormalo, Parainen 21600

Hanalei Bay Resort – A Quintus

Finland

Hyatt Hacienda del Mar

Garden Lago

Resort

Highway 693

Calle Amsterdam, 3

5380 Honoiki Road

Holly Tree Resort Hotel

Dorado, PR 00646

Urb. Lago Menor, Puerto Alcudia

Princeville, Kauai, HI 96722

412 Main Street

Mallorca, Balearic Islands, Spain

Route 28

Hyatt High Sierra Lodge

Harborside Inn

West Yarmouth, MA 02673

989 Incline Way

Gardenia Plaza Resort

3 South Water Street

Incline Village, NV 89451

Shark Bay

Edgartown

Hollywood Beach Tower

Sharm El Sheikh, Egypt

Martha’s Vineyard, MA 02539

301 Harrison Street

Hyatt Highlands Inn

Hollywood, FL 33019

120 Highlands Drive

Gaslamp Plaza Suites

Harborside Resort at Atlantis

Carmel, CA 93923

520 E. Street

Coral Tower Casino Drive

Horizons by Marriott at Branson

San Diego, CA 92101

Paradise Island, Nassau, Bahamas

2929 Green Mountain Drive

Hyatt Main Street Station

Branson, MO 65616

505 Main Street

Gatlinburg Town Square

Harbortown Point Marina Resort

Breckenridge, CO 80424

414 Airport Road

& Club

Hotel Acapulco Malibu

Gatlinburg, TN 37738

1651 Anchors Way

Costera Miguel Aleman No. 79

Hyatt Mountain Lodge

Ventura, CA 93001

Acapulco, Guerrero 39690, Mexico

210 Offerson Road, BCP #164

Georgian Inn Beach Club

Beaver Creek, CO 81620

759 South Atlantic Avenue

Harbour Lights

Hotel and Club Aladino’s

Ormond Beach, FL 32074

2690 Harbour Lights Drive

Av. Lomas del Mar #10 Fracc.

Hyatt Piñon Pointe

Myrtle Beach, SC 29577

Club Deportivo

1 North Highway 89A

Goldstar Resort

Acapulco, Guerrero, Mexico

Sedona, AZ 86336

45 rue Marechal Joffre

Havasu Dunes

Nice, France 06000

620 Lake Havasu Avenue South

Hotel de la Monnaie

Hyatt Wild Oak

Lake Havasu City, AZ 86403

405 Esplanade Avenue

9700 W. Military Drive

Golf Beach Hotel Tabarka

New Orleans, LA 70116

San Antonio, TX 78251

Zone Touristique B.P. 360

Herod’s Residence Club

Tabarka 8110, Tunisia

North Shore

Hotel Fiesta

Hyatt Windward Pointe

Eilat 88000, Israel

Carretera a Puerto Caldera s/n

3675 South Roosevelt Boulevard

Golf Hotel Punta Ala

El Roble, Puntarenas, Costa Rica

Key West, FL 33040

via del Gualdo 2

High Point World Resort

(Castiglione della Pescaia – Toscana)

2951 High Point Boulevard

Hotel Punta Centinela Inn

Ile des Pêcheurs

Punta Ala 58040, Italy

Kissimmee, FL 32741

Punta Centinela Santa Elena

La Coudalère Nord

Guayas, 593 Ecuador

Barcarès 66420, France

Grand Dominicus

Highlands at Sugar, The

Bayahibe, La Romana

1077 Highlands Drive

Hotel Residence Fontanelle

ILX Premiere Vacation Club – Bell

Dominican Republic

Banner Elk, NC 28604

Villanova di Ostuni

Rock, Sedona

Località Fontanelle 72017, Italy

6246 Highway 179

Grand Holiday Club at Flamingo

Hilton Craigendarroch Resort

Sedona, AZ 86351

Club

Braemar Road

Hotel Santa Clara

Avda. Espana 3

Ballater, Aberdeenshire AB35 5XA

Calle del Torno 39-29

ILX Premiere Vacation Club –

San Eugenio, Puerto Colon

United Kingdom

San Diego – Zona Amurallada

Kohl’s Ranch Lodge