WEEKS® 2021 - 2022 DISCLOSURE GUIDE This publication contains information that indicates resorts participating in, and explains the terms, conditions, and the use of, the RCI Weeks Exchange Program operated by RCI, LLC. You are urged to read it carefully. 0490-2021 RCI, TRC 2021-2022 Annual Disclosure Guide Covers.indd 5 5/20/21 10:34 AM DISCLOSURE GUIDE TO THE RCI WEEKS Fiona G. Downing EXCHANGE PROGRAM Senior Vice President 14 Sylvan Way, Parsippany, NJ 07054 This Disclosure Guide to the RCI Weeks Exchange Program (“Disclosure Guide”) explains the RCI Weeks Elizabeth Dreyer Exchange Program offered to Vacation Owners by RCI, Senior Vice President, Chief Accounting Officer, and LLC (“RCI”). Vacation Owners should carefully review Manager this information to ensure full understanding of the 6277 Sea Harbor Drive, Orlando, FL 32821 terms, conditions, operation and use of the RCI Weeks Exchange Program. Note: Unless otherwise stated Julia A. Frey herein, capitalized terms in this Disclosure Guide have the Assistant Secretary same meaning as those in the Terms and Conditions of 6277 Sea Harbor Drive, Orlando, FL 32821 RCI Weeks Subscribing Membership, which are made a part of this document. Brian Gray Vice President RCI is the owner and operator of the RCI Weeks 6277 Sea Harbor Drive, Orlando, FL 32821 Exchange Program. No government agency has approved the merits of this exchange program. Gary Green Senior Vice President RCI is a Delaware limited liability company (registered as 6277 Sea Harbor Drive, Orlando, FL 32821 Resort Condominiums International, LLC in Connecticut, Massachusetts, New Jersey, North Carolina, Ohio, Joseph M. Hollingshead Texas, Washington, and Wisconsin) with its principal Senior Vice President and Treasurer office located at: 6277 Sea Harbor Drive, Orlando, FL 32821 6277 Sea Harbor Drive Stacey Jagielski Orlando, FL 32821 Assistant Secretary 6277 Sea Harbor Drive, Orlando, FL 32821 Exchanges through the RCI Weeks Exchange Program are processed at: Stanley Kreydin Senior Vice President 9998 North Michigan Road 9998 North Michigan Road, Carmel, IN 46032 Carmel, IN 46032 Ryan Morettini RCI is a subsidiary of Travel + Leisure Co., a Delaware Group Vice President corporation. 6277 Sea Harbor Drive, Orlando, FL 32821 Officers Terry D. Motsenbocker Senior Vice President Sherri Avara 9998 North Michigan Road, Carmel, IN 46032 Vice President 6277 Sea Harbor Drive, Orlando, FL 32821 Tammy Peter Senior Vice President Sandy Bowman 6277 Sea Harbor Drive, Orlando, FL 32821 Vice President 6277 Sea Harbor Drive, Orlando, FL 32821 Richard G. Ruff Senior Vice President Kenneth Erik Brandt 9998 North Michigan Road, Carmel, IN 46032 Vice President 6277 Sea Harbor Drive, Orlando, FL 32821 Frank Sassano Vice President and Assistant Treasurer Olivier Chavy 6277 Sea Harbor Drive, Orlando, FL 32821 President 6277 Sea Harbor Drive, Orlando, FL 32821 Amy Sinelli Senior Vice President, Manager, and Secretary Christopher Delaney 6277 Sea Harbor Drive, Orlando, FL 32821 Vice President 9998 North Michigan Road, Carmel, IN 46032 Ciara E. Sisk Senior Vice President 14 Sylvan Way, Parsippany, NJ 07054 W1 Michael J. Toscano The RCI Weeks Exchange Program utilizes a “deposit” Senior Vice President, Chief Financial Officer, and and “withdrawal” system. The Member must first deposit Manager Vacation Time available for exchange, in order to make a 14 Sylvan Way, Parsippany, NJ 07054 withdrawal. Vacation Time may be deposited by mail, facsimile, internet, in person or by telephone. Prior to depositing Vacation Time a Member may be required to RCI provides the RCI Weeks Exchange Program and obtain a unit and/or week assignment from his/her Home other related services and benefits to Members. Travel + Resort or Home Group before the Vacation Time can be Leisure Co. (“Travel + Leisure”) is the parent deposited. Members who have deposited Vacation Time corporation of RCI and Fairfield Resort Management receive a written or electronic Deposit acknowledgment. Services, Inc. (“FRMS”), a resort management When a Deposit is made, the Member retains title to company, Wyndham Vacation Resorts, Inc. (“WVR”), his/her Vacation Ownership, however, a Member Wyndham Resort Development Corporation doing relinquishes to RCI all use rights in the deposited business as WorldMark by Wyndham (“WRDC”), and Vacation Time. Equivest Finance, Inc. (“Equivest”), and their respective subsidiaries. Some officers and/or The Enrollment Application between the Vacation Owner directors of Travel + Leisure may from time to time and RCI is a separate and distinct contract from any serve as officers and/or directors of RCI, FRMS, WVR, agreement that a Vacation Owner may have with the WRDC, and/or Equivest and vice versa. FRMS, WVR, developer or seller of a vacation plan, including any WRDC, and Equivest are marked with a plus symbol agreement with the developer or seller to purchase “+” if applicable in the Resorts List, and Members List Vacation Ownership, or to occupy or use Vacation Time both of which are attached hereto. Certain officers or other property, benefits or All-Inclusive Package. and directors of RCI may own, or have rights to Membership provides an opportunity to request acquire, shares of stock in Travel + Leisure. Other exchanges pursuant to the Program Documents and does than as stated in this paragraph, neither RCI nor any not provide a guaranteed use of Vacation Time at a of its officers or directors has any legal or beneficial specific resort or for specific travel dates. interest in any developer, seller, managing entity or Vacation Ownership plan participating in the RCI A Deposit of Vacation Time does not relieve a Member's Weeks Exchange Program. RCI is an independent obligation to pay all fees or other amounts due RCI, or the exchange service company and is not owned, operated obligation to pay any maintenance fees, assessments, or controlled by a Resort, developer, seller, managing taxes or other similar charges or fees imposed by any entity or Vacation Ownership plan participating in the RCI applicable local, state or federal governmental entity (or Weeks Exchange Program. its equivalent if the Resort is located in a foreign country) or imposed by a Resort, Ancillary Travel Product Provider, Because travel exchange is used intermittently as an Inventory provider or Alternate Inventory provider. adjunct to Vacation Ownership, potential Vacation Program privileges may be suspended, terminated or Owners should select a Resort that best meets their denied, or a Confirmed Exchange cancelled in RCI’s ongoing vacation needs. A Member’s decision to sole discretion if a Member's Vacation Ownership purchase Vacation Ownership should be based Expenses or other charges have not been paid when primarily upon the benefits to be gained from the due. Special charges, user fees or government taxes ownership, use and enjoyment of that Vacation may be charged to a Member or guest by an Inventory Ownership and not upon the anticipated benefits of Provider, Ancillary Travel Product Provider or the RCI Weeks Exchange Program. RCI does not Alternative Inventory provider and it is the Member’s guarantee the availability of any accommodations, or guest’s obligation, not RCI’s to pay those charges, membership tiers, alternative inventory or ancillary fees, or taxes regardless of whether such charges, benefits, including, without limitation Ancillary Travel fees or taxes are levied by the Member’s Home Resort Product options and is not responsible for the or Home Group. financial viability or the quality of accommodations, facilities, amenities, management and services at any RCI may offer additional benefits to Members, which may Resort, or Ancillary Travel Products. be subject to separate terms and conditions, in exchange for deposited Vacation Time. RCI may change, limit, or PARTICIPATION IN THE RCI WEEKS EXCHANGE eliminate the availability of such additional benefits in PROGRAM. Participation in the RCI Weeks Exchange RCI’s sole discretion. RCI does not guarantee that any Program is voluntary. The rights of membership and term additional benefit will be made available to Members, or, of such membership may vary among Members and RCI if made available, will remain available for any period of may waive certain requirements, in its sole discretion. time. RCI reserves the right to impose limits on Members’ Membership in the RCI Weeks Exchange Program may use of additional benefits, including the amount of Deposit be offered for varying lengths of time. Subscribing Trading Power that can be applied towards additional membership in the RCI Points Exchange Program benefits. All Members may not have access to all benefits. includes access to the RCI Weeks Exchange Program. W2 EXCHANGE PROGRAM PROCEDURES AND Trading Power Protection Fee: OBLIGATIONS. Participation in the RCI Weeks Purchased 30 days or less from the date a Exchange Program is governed by the terms stated in the Confirmed Exchange was made and 15 days Disclosure Guide, the Enrollment Application, which or more from the check in date: $89.00 USD purchasers applying for RCI Weeks membership are required to sign, and the Terms and Conditions. THIS Purchased 31 days or more from the date a DISCLOSURE GUIDE AND THE TERMS AND Confirmed Exchange was made or 14 days or CONDITIONS ARE SUBJECT TO MODIFICATION, less from the check in date: $129.00 USD AMENDMENT, OR ELIMINATION WITHOUT ADVANCE NOTICE, INCLUDING, BUT NOT LIMITED TO, TERMS RELATING TO CHANGES IN FEES, Deposit Extension Fees (Deposit, Combined BENEFITS AND EXCHANGE