2017 - 2018 Disclosure Guide This publication contains information that indicates resorts participating in, and explains the terms, conditions and use of, the RCI Points Exchange Program and the RCI Weeks 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 The ® RCI Points Exchange Program DISCLOSURE GUIDE TO THE RCI Frank D. Campana POINTS EXCHANGE PROGRAM Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 This Disclosure Guide to the RCI Points Exchange Program (“Disclosure Guide”) explains the RCI Points David J. Carlson Exchange Program offered to Vacation Owners by Group Vice President RCI, LLC (“RCI”). Vacation Owners should carefully 14 Sylvan Way, Parsippany, NJ 07054 review this information to ensure full understanding of the terms, conditions, operation and use of the RCI Paul Francis Cash Points Exchange Program. Note: Unless otherwise Executive Vice President, General Counsel, stated herein, capitalized terms in this Disclosure Secretary and Manager Guide have the same meaning as those in the Terms 14 Sylvan Way, Parsippany, NJ 07054 and Conditions of RCI Points Subscribing Membership, which are made a part of this document. Thomas G. Conforti Executive Vice President RCI is the owner and operator of the RCI Points 22 Sylvan Way, Parsippany, NJ 07054 Exchange Program. No government agency has approved the merits of this exchange program. Richard E. Constable III Senior Vice President RCI is a Delaware limited liability company 22 Sylvan Way, Parsippany, NJ 07054 (registered as Resort Condominiums International, LLC in Connecticut, New Jersey, North Carolina and Rita A. Coviello Ohio) with its principal offices located at: Group Vice President 14 Sylvan Way, Parsippany, NJ 07054 14 Sylvan Way Parsippany, NJ 07054 Susan Loring Crane Group Vice President Exchanges through the RCI Points Exchange 22 Sylvan Way, Parsippany, NJ 07054 Program are processed at: Fiona G. Downing 9998 North Michigan Road Senior Vice President Carmel, IN 46032 14 Sylvan Way, Parsippany, NJ 07054 RCI is a subsidiary of Wyndham Worldwide Kenneth Drake Corporation, a Delaware corporation. Senior Vice President and Assistant Secretary 14 Sylvan Way, Parsippany, NJ 07054 Officers Gregory T. Geppel Michele Allen Senior Vice President Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 22 Sylvan Way, Parsippany, NJ 07054 Jennifer Giampietro Marcus A. Banks Group Vice President and Assistant Secretary Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 22 Sylvan Way, Parsippany, NJ 07054 Gordon Scott Gurnik Christine S. Boyle President Vice President and Assistant Secretary 14 Sylvan Way, Parsippany, NJ 07054 22 Sylvan Way, Parsippany, NJ 07054 Jeffrey R. Leuenberger Phil Brojan Senior Vice President and Treasurer Senior Vice President 22 Sylvan Way, Parsippany, NJ 07054 14 Sylvan Way, Parsippany, NJ 07054 Claire J. Mahoney Brian Bruno Senior Vice President and Chief Financial Officer Vice President 14 Sylvan Way, Parsippany, NJ 07054 14 Sylvan Way, Parsippany, NJ 07054 Gail Lynn Mandel Lisa Calicchio Chief Executive Officer Executive Vice President 14 Sylvan Way, Parsippany, NJ 07054 14 Sylvan Way, Parsippany, NJ 07054 P1 Scott G. McLester Michael F. Waring Executive Vice President Vice President 22 Sylvan Way, Parsippany, NJ 07054 22 Sylvan Way, Parsippany, NJ 07054 Steve Meetre RCI provides the RCI Points Exchange Program and Senior Vice President and Assistant Secretary other related services and benefits to Members. 22 Sylvan Way, Parsippany, NJ 07054 Wyndham Worldwide Corporation (“Wyndham Worldwide”) is the parent corporation of RCI and Terry D. Motsenbocker Fairfield Resort Management Services, Inc. Senior Vice President (“FRMS”), a resort management company, 9998 North Michigan Road, Carmel, IN 46032 Wyndham Vacation Resorts, Inc. (“WVR”), Wyndham Resort Development Corporation doing Korin A. Neff business as WorldMark by Wyndham (“WRDC”), Senior Vice President Equivest Finance, Inc. (“Equivest”), and 22 Sylvan Way, Parsippany, NJ 07054 Wyndham Vacation Rentals North America, LLC (“WVRNA”) and their respective subsidiaries. Rishi Nigam Some officers and/or directors of Wyndham Senior Vice President Worldwide may from time to time serve as 14 Sylvan Way, Parsippany, NJ 07054 officers and/or directors of RCI, FRMS, WVR, WRDC, Equivest, and/or WVRNA and vice versa. Christine Parren FRMS, WVR, WRDC, Equivest and WVRNA Senior Vice President resorts are marked with a plus symbol “+” if 9998 North Michigan Road, Carmel, IN 46032 applicable in the Resort List, and Members List both of which are attached hereto. Certain Ronald W. Pearce officers and directors of RCI may own, or have Senior Vice President and Global Controller rights to acquire, shares of stock in Wyndham 14 Sylvan Way, Parsippany, NJ 07054 Worldwide. Other than as stated in this paragraph, neither RCI nor any of its officers or Nicola Rossi directors has any legal or beneficial interest in Senior Vice President and Manager any developer, seller, managing entity or Vacation 22 Sylvan Way, Parsippany, NJ 07054 Ownership plan participating in the RCI Points Exchange Program. RCI is an independent Richard G. Ruff exchange service company and is not owned, Senior Vice President operated or controlled by any Resort, developer, 9998 North Michigan Road, Carmel, IN 46032 seller, managing entity or Vacation Ownership plan participating in the RCI Points Exchange Program. Frank Sassano Vice President and Assistant Treasurer Because vacation exchange is used intermittently as 22 Sylvan Way, Parsippany, NJ 07054 an adjunct to Vacation Ownership, potential Vacation Owners should select a Resort that best meets their Ciara Eavan Sisk ongoing vacation needs. A Member’s decision to Senior Vice President purchase Vacation Ownership should be based 14 Sylvan Way, Parsippany, NJ 07054 primarily upon the benefits to be gained from the ownership, use and enjoyment of the Vacation William A. Skrzat Ownership and not upon the anticipated benefits Senior Vice President of the RCI Points Exchange Program. RCI does 22 Sylvan Way, Parsippany, NJ 07054 not guarantee the availability of any accommodations or ancillary benefits, including, Barbara J. Spengler without limitation Points Partner options and is Senior Vice President and Chief Information Officer not responsible for the financial viability or the 14 Sylvan Way, Parsippany, NJ 07054 quality of accommodations, facilities, amenities, management and services at any Resort, Robert J. Tatum Inventory provider or Points Partner. Senior Vice President 9998 North Michigan Road, Carmel, IN 46032 PARTICIPATION IN THE NETWORK. Participation in the Network is voluntary. The rights of membership Michael J. Toscano and term of such memberships may vary among Executive Vice President and Manager Members and RCI may waive certain requirements, in 14 Sylvan Way, Parsippany, NJ 07054 its sole discretion. Membership in the Network may be offered for varying lengths of time. Subscribing membership in the RCI Points Exchange Program P2 includes access to the RCI Weeks Exchange that can be applied towards additional benefits. All Program. Members may not have access to all benefits. By executing a Network Participation Agreement, the NETWORK PROCEDURES AND OBLIGATIONS. RCI Points Subscribing Member agrees that each The terms and conditions of a Member’s contractual Deposit into the Network, all rights of use, occupancy, relationship with the Network and the procedures for access and enjoyment in respect to his or her utilizing the Network are set forth in the Network Vacation Time is granted to the Network Documents. Administrator. The Member retains title to his or her Vacation Ownership, subject to this Deposit. The THE CONTENTS OF THIS DISCLOSURE GUIDE Deposit is for the benefit, use and enjoyment of the AND ALL OTHER NETWORK DOCUMENTS, Network Administrator in accordance with the INCLUDING THE TERMS AND CONDITIONS OF Network Documents. Deposits shall occur for the RCI POINTS SUBSCRIBING MEMBERSHIP AND term of the Member’s Network Participation ANY PROVISION IN ANY DOCUMENT RELATED Agreement, subject to the Network Documents. TO, FEES, BENEFITS, PROCEDURES AND PRIORITIES. ARE SUBJECT TO MODIFICATION, The Network Participation Agreement between the AMENDMENT, OR ELIMINATION BY THE Member and the Network Administrator is a separate NETWORK ADMINISTRATOR WITHOUT and distinct agreement from any agreement that the ADVANCE NOTICE IN ACCORDANCE WITH THE Member may have with the developer or seller of a NOTICE PROVISION OF THE TERMS AND vacation plan, including any agreement with the CONDITIONS. developer or seller to purchase Vacation Ownership or to occupy or use Vacation Time or other property, SUBSCRIBING MEMBERSHIP AND benefits or All-Inclusive Packages. The Network TRANSACTION FEES. Network Dues are payable provides an opportunity to request exchanges to the Network Administrator by or on behalf of a pursuant to Network Documents and does not Member each Use Year. The Network Dues as of provide a right to occupy any specific unit or units of July 1, 2017 are: Inventory. 1 year: $124