DC4MS

Details of the Ultimate Resort Offer to Tanner & Haley Members

Ultimate Resort offered Tanner & Haley members a Lifetime Membership in Ultimate Resort with no initial membership fee. Tanner & Haley members had until December 22, 2006 to accept or decline the offer.

Tanner & Haley membership levels will translate over to comparable Ultimate Resort levels:

*Tanner & Haley Private Retreats members will become Ultimate Resort Bronze Members, which includes 14 days and has annual dues of $10,000.

* Tanner & Haley Distinctive Retreats members will become Ultimate Resort Elite Bronze Members, which includes 14 days and has annual dues of $15,000.

* Tanner & Haley Legendary Retreats members will become Ultimate Resort Elite Platinum Members, which includes 42 days and has annual dues of $30,000.

Ultimate Resort Membership Upgrades

Ultimate Resort also offered Tanner & Haley members the following membership upgrade credits:

* Private Retreats Members will receive a $35,000 credit toward any plan upgrade.

* Distinctive Retreats Members will receive a $70,000 credit toward any plan upgrade.

* Legendary Retreats Members will receive a $150,000 credit toward any plan upgrade or the purchase of additional memberships or additional travel days.

Membership Redemption

Tanner & Haley members who join Ultimate Resort and remain in good standing for at least five years will be allowed to cancel their membership and redeem their deposit on a “three-in, one-out” basis. (i.e. three new members must join the club before you are allowed to leave). The deposit redemption amounts are as follows:

* After 5 years of membership, 60% of the then current membership fee
* After 6 years of membership, 70% of the then current membership fee
* After 7 years of membership, 80% of the then current membership fee