Member Benefits Guide - Disney Vacation Club · 2018-11-15 · Disney Vacation Club Member Benefits...

Member Benefits Guide

Rev. 2/11/2009

Disney Vacation Club Member Benefits Guide Providing our members with the best vacation experience ever is our goal at Disney Vacation Club. It's with that ambition in mind that we have created an array of exclusive Member benefits for you. Each Member benefits program is described in a separate section of this Member Benefits Guide as outlined below. General Introduction to the Member Benefits Guide ........................................................................................................................3

Definitions and important information pertaining to all of the Member benefits programs Section I: Disney Vacation Club World of Golf Program ................................................................................................................4

Walt Disney World® Resort golf courses Section II: Disney Vacation Club World of Attractions Program ..................................................................................................5

Area attractions and special programs Section III: Special Programs Option...................................................................................................................................................8 Section IV: Disney Collection Program ...............................................................................................................................................9 Section V: Disney Vacation Club Travel Program ..........................................................................................................................10

Adventurer Collection and Concierge Collection Section VI: PreOpening Program........................................................................................................................................................11

Disney’s Animal Kingdom Villas Bay Lake Tower at Disney’s Contemporary Resort Disney’s Saratoga Springs Resort The Villas at Disney’s Grand Californian Hotel®

Exhibit A – Disney Collection................................................................................................................................................................18 Exhibit B – Adventurer Collection .......................................................................................................................................................19 Exhibit C – Policies and Guidelines – Disney Collection...............................................................................................................20 Exhibit D – Policies and Guidelines – Adventurer Collection, Concierge Collection, and Disney Cruise Line® .............23 Receipt for Member Benefits Guide ....................................................................................................................................................27 Please take the time to review these Member benefits programs. All of the information presented is important and should be read thoroughly. If you would like to receive additional information, please call Disney Vacation Club Member Services at 800-800-9800 or 407-566-3800.

Rev. 2/11/2009 2

GENERAL INTRODUCTION This Member Benefits Guide (the "Guide") contains information about special Member benefits programs offered by Disney Vacation Development, Inc. ("DVD"). This introduction contains general information and definitions which apply to all the Member benefits described in this Guide. Therefore, please read this introduction carefully prior to reading each Member benefit description.

Unless otherwise indicated, the Member benefits described in this Guide are available to owners with recorded ownership interests and a Member ID Card ("DVC Members," or singularly a “DVC Member”) in the following Disney Vacation Club Resorts (collectively the "DVC Resorts," or singularly a "DVC Resort"):

Bay Lake Tower at Disney’s Contemporary Resort Disney's Old Key West Resort Disney’s Animal Kingdom Villas Disney’s Saratoga Springs Resort Disney’s Beach Club Villas Disney’s Vero Beach Resort Disney's BoardWalk Villas The Villas at Disney’s Grand Californian Hotel® Disney’s Hilton Head Island Resort The Villas at Disney’s Wilderness Lodge

Some of the Member benefits described in this Guide available to DVC Members staying at a DVC Resort also are available to DVC Members staying at any one of the Disney Collection hotels, as more particularly described in Section III of this Guide. Please refer to the description of each member benefit to determine which programs are available to DVC Members staying at one of the Disney Collection hotels through the Disney Collection Program.

The Member benefits described in this Guide are made available by DVD as a courtesy to DVC Members, and, in some cases, their guests who have paid no compensation to the DVC Members ("Guests," or singularly a “Guest”). Participation in the benefits is completely optional and it is not a feature or component of the ownership interest in any DVC Resort, or of any rights, membership benefits or privileges which are appurtenant to that interest. The Member benefits described in the Guide are available for a period of 3 years or less.

Except as may be expressly required by applicable law, the liability of DVD, Disney Vacation Club Management Corp. ("DVCMC") or their affiliates arising out of or in connection with the use of any of the Member benefits described in this Guide (whether used as hereby intended or required or not) shall be limited to the amount specified in FLA.STAT.§721.075 and in no event shall DVD, DVCMC, or their affiliates be liable for any special or consequential damages arising out of or in connection with such use.

The Member benefits described in this Guide and their use and operation shall be governed by and construed and interpreted in accordance with the laws of the State of Florida without regard to conflicts of law principles. Any legal proceeding of any nature brought by either party against the other to enforce any right or obligation under this Guide, or arising out of any matter pertaining to this Guide or the benefits described hereunder, shall be submitted for trial before the Circuit Court of the Ninth Judicial Circuit in and for Orange County, Florida; or, if the Circuit Court does not have jurisdiction, then before the United States District Court for the Middle District of Florida (Orlando Division); or if neither of such courts shall have jurisdiction, then before any other court sitting in Orange County, Florida, having subject matter jurisdiction. The parties consent and submit to the jurisdiction of any such court and agree to accept service of process outside the State of Florida in any matter to be submitted to any such court pursuant hereto. The parties hereby waive any right they may have under any applicable law to a trial by jury with respect to any suit or legal action which may be commenced by or against the other party concerning the interpretation, construction, validity, enforcement or performance of the benefits described herein or their use and operation.

Certain of the Member benefits described in this Guide including, Special Programs Option, Adventurer Collection and Concierge Collection, as described herein, are provided by independent entitles not affiliated with DVD, DVCMC or any of their affiliates, which independent entities shall be solely responsible for all aspects of the applicable Member benefit. Furthermore, the relationship of DVD, DVCMC or any of their affiliates to any third party provider, as aforesaid, is governed by an agreement or arrangement which limits DVD's, DVCMC's or their affiliates' role to that of reservation booking facilitator. Accordingly, neither DVD, DVCMC nor any of their affiliates shall at any time be liable or responsible whatsoever for any loss, injury or damage arising from any benefits, services or products provided by any third party through any of the special programs described in this Guide, whether caused by acts of God, acts of governments or other authorities, wars, civil disturbances, hijacks, terrorism, theft, intentional or negligent acts of any third party or any other cause whatsoever.

All information provided is believed true and correct at the time of printing; however, neither DVD nor any of its affiliates shall be responsible for any errors or omissions appearing in this Guide.

Rev. 2/11/2009 3

SECTION I DISNEY VACATION CLUB WORLD OF GOLF PROGRAM

DVC Members may elect to participate in the Disney Vacation Club World of Golf Program ("World of Golf Program"), which includes the Disney Vacation Club Golf Membership.

Prices, availability and other details are described below. Certain golf courses may be unavailable due to capacity constraints or inclement weather, and use of courses may be denied or restricted during special events or during the performance of routine maintenance. Details are described below. The value of the discounts available through the World of Golf Program are determined by use, but in no event shall such value be deemed to exceed an amount equal to one percent of the purchase price of a real estate interest in a DVC Resort.

DISNEY VACATION CLUB GOLF MEMBERSHIP AT THE WALT DISNEY WORLD RESORT The Disney Vacation Club Golf Membership (“DVC Golf Membership”) is made available by Walt Disney World Co. as a courtesy to DVC Members whether or not staying on a reservation, if they wish to participate and offers DVC Members who purchase this plan (“Cardholders”) and up to three of their Guests special rates for one 18-hole round of golf per day at one of Disney’s Magnolia, Palm, Lake Buena Vista, or Osprey Ridge Golf Courses for tee times after 10:00 a.m. (regular Walt Disney World® Resort golf rates apply prior to 10:00 a.m.); or for one 9-hole round of golf per day at Disney’s Oak Trail Golf Course for all tee times.

To participate in this plan, DVC Members must purchase a DVC Golf Membership (valid for one year from date of purchase) at a Walt Disney World Resort Golf Pro Shop for $50.00, plus tax. Cardholders and up to three of their Guests (only when they are playing with the Cardholder) receive special per-round pricing. Each Cardholder must present their DVC Golf Membership card at the Pro Shop of the selected course before beginning play. The DVC Golf Membership entitles the Cardholder to the special rates set forth below which include greens fees and required golf carts. The DVC Golf Membership does not cover rental of golf clubs or other items, and is not valid for admission to any special golf events. All other charges remain the sole responsibility of the Cardholder and their Guests.

The DVC Golf Membership rates per round are as follows:

Per-round rate, excluding tax Dates and Tee Times 18-Hole

Courses 9-Holes

(Oak Trail Only) How far in advance you can book tee

times at this special rates

January 21 – April 25 – Before 10:00 a.m. $109.00 $20.00 14 days January 21 – April 25 – After 10:00 a.m. $89.00 $20.00 14 days April 26 – October 3 – Before 10:00 a.m. $59.00 $20.00 90 days April 26 – October 3 – After 10:00 a.m. $39.00 $20.00 90 days October 4 – January 20 – Before 10:00 a.m. $79.00 $20.00 90 days October 4 – January 20 – After 10:00 a.m. $59.00 $20.00 90 days

1. To reserve tee times, call the Master Starter at 407-WDW-GOLF (939-4653). All tee times are limited and are subject to availability. Certain golf courses may be unavailable due to capacity or inclement weather, and use of courses may be denied or restricted during special events or during the performance of routine maintenance.

2. DVC Members may purchase a DVC Golf Membership at any time during the time of this offer (subject to availability) at a Walt Disney World Resort Golf Pro Shop. Cardholders receive a 20% discount on golf instruction at all Walt Disney World Resort golf courses.

3. The price and dates of the DVC Golf Membership are determined by Walt Disney World Co. in its sole discretion. All DVC Golf Memberships will expire one year from the date of purchase. The price of the DVC Golf Membership may be adjusted by Walt Disney World Co. at any time. In the event the DVC Golf Membership is changed or cancelled, all valid and unexpired DVC Golf Memberships will be honored through their expiration date in accordance with their terms and conditions.

4. The DVC Golf Membership is non-assignable and non-transferable and may be purchased only by DVC Members. Following purchase of the DVC Golf Membership, no refunds will be permitted and the DVC Golf Membership may not be redeemed for cash or other consideration. Presentation of valid personal identification and/or a DVC Member ID Card may be required in connection with use of the DVC Golf Membership. Any alteration or defacing of the DVC Golf Membership card will render it null and void.

5. Reservations for tee times may be cancelled up to 48 hours prior to the scheduled time of play without penalty. Cancellations received less than 48 hours from the scheduled time of play, no-shows and no-calls will be charged at full rate.

Rev. 2/11/2009 4

SECTION II DISNEY VACATION CLUB WORLD OF ATTRACTIONS PROGRAM

DVC Members and their Guests may elect to participate in the Disney Vacation Club World of Attractions Program ("World of Attractions Program"), which includes the Resort Attractions Option and the Special Programs Option. Prices, availability and other details of these options are described below.

The value of the benefits available through the World of Attractions Program is determined by use, but in no event shall such value be deemed to exceed an amount equal to one half of one percent of the purchase price of a real estate interest in any DVC Resort.

WALT DISNEY WORLD RESORT ATTRACTIONS OPTION1. Through the Resort Attractions Option, DVC Members and up to three of their Guests staying at Disney's Old Key West Resort,

Disney's BoardWalk Villas, The Villas at Disney’s Wilderness Lodge, Disney’s Beach Club Villas, Disney’s Saratoga Springs Resort, Disney’s Animal Kingdom Villas, Bay Lake Tower at Disney’s Contemporary Resort, and/or any of the Walt Disney World® Resort Hotels through the Disney Collection program may elect to purchase admission media to certain resort attractions at the Walt Disney World Resort ("Resort Attractions") owned and operated by Walt Disney World Co., at a discount off the daily admission prices. The resort attractions and discount rates are as follows:

Location Ages 10 and Up Discount Rate Ages 3 to 9 Discount Rate Disney’s Blizzard Beach Water Park $4.00 off regular admission price $3.00 off regular admission price Disney’s Typhoon Lagoon Water Park $4.00 off regular admission price $3.00 off regular admission price DisneyQuest® $4.00 off regular admission price $3.00 off regular admission price

2. The price of admission to each of the Resort Attractions is determined by Walt Disney World Co., in its sole discretion. The current discount may be adjusted at any time.

3. The current discount prices are made available by Walt Disney World Co., as a courtesy to DVC Members and their Guests only for the period of stay in accommodations at Disney's Old Key West Resort, Disney's BoardWalk Villas, The Villas at Disney’s Wilderness Lodge, Disney’s Beach Club Villas, Disney’s Saratoga Springs Resort, Disney’s Animal Kingdom Villas, Bay Lake Tower at Disney’s Contemporary Resort, and/or any of the Walt Disney World Resort Hotels through the Disney Collection Program.

4. Admission media may be purchased at Disney's Old Key West Resort, Disney's BoardWalk Villas, The Villas at Disney’s Wilderness Lodge, Disney’s Beach Club Villas, Disney’s Saratoga Springs Resort, and Disney’s Animal Kingdom Villas or at the particular Resort Attraction upon presentation of a DVC Resort identification card or a DVC Member ID Card. In the event this program is changed or cancelled, all valid and unexpired admission media will be honored through their expiration date in accordance with their terms. Use of the admission media purchased through this program is subject to all terms and conditions set forth on such admission media.

5. Admission media obtained through this program is non-assignable, non-transferable, and may not be resold. Following purchase of any admission media, no refunds will be provided and the admission media may not be redeemed for cash or other consideration. Presentation of valid identification may be required in connection with the use of the admission media. Any alteration or defacing of admission media will render it null and void.

Rev. 2/11/2009 5

SECTION II (continued) ANNUAL PASS OPTION – WALT DISNEY WORLD RESORT

Through the Annual Pass Option, DVC Members may elect to purchase Walt Disney World® Annual and Premium Annual Passes (hereinafter “WDW Admission Media”) at a discount off the regular price of admission, to be used according to the terms and conditions of the WDW Admission Media purchased, to theme parks and resort attractions at the Walt Disney World Resort owned and operated by Walt Disney World Co.

1. WDW Admission Media prices are determined and made available, and may be adjusted at any time without notice, by Walt Disney World Co., in its sole discretion. The following WDW Admission Media are discounted as noted below for DVC Members and exclude separately priced activities/events, do not include tax, and may not be combined with other admission media discounts that may be available to DVC Members. Discounts do not apply to renewals of Florida Resident Admission Media.

MEMBER PRICING & SAVINGS

Member-Discounted Prices Walt Disney World Admission – 365 days of access Ages 10+ Ages 3-9

Annual Pass price Savings on regular price Savings on Florida Resident price

$369.00 $100.00

None

$326.00 $88.00 None

Annual Pass Renewal price Savings on regular price Savings on Florida Resident price

$324.00 $105.00

None

$286.00 $93.00 None

Premium Annual Pass price Savings on regular price Savings on Florida Resident price

$474.00 $125.00 $5.00

$418.00 $110.00 $4.00

Premium Annual Pass Renewal price Savings on regular price Savings on Florida Resident price

$434.00 $115.00

None

$383.00 $101.00

None

2. Walt Disney World Annual Passes provide unlimited admission, excluding separately priced activities and events, to the Magic Kingdom® Park, Epcot®, Disney’s Hollywood Studios™ and Disney’s Animal Kingdom® Theme Park; access to special Passholder events; and theme park parking. Premium Annual Passes include all elements of Annual Passes plus admission to Disney’s Blizzard Beach Water Park; Disney’s Typhoon Lagoon Water Park; Disney’s Wide World of Sports® Complex, depending on event schedules and excluding separate admission events; and DisneyQuest®, excluding prize play games.

3. In the event this program is changed or cancelled, all valid and un-expired WDW Admission Media will be honored through their expiration date in accordance with the terms of such media. Use of the WDW Admission Media purchased through this program is subject to all terms and conditions set forth on such WDW Admission Media.

4. WDW Admission Media available through this program may only be purchased by DVC Members for themselves and for Members of their immediate family living in their household, up to a total of eight (8) new passes or renewal passes per year.

5. New WDW Admission Media obtained through this program is valid for 365 days from the date of issue while renewal WDW Admission Media obtained through this program is valid for 365 days from the original Annual Pass anniversary date, does not include block-out dates, is non-assignable, is non-transferable, and may not be resold. Following purchase of any WDW Admission Media, no refunds will be provided and WDW Admission Media may not be redeemed for cash or other consideration. Any alteration or defacing of WDW Admission Media will render it null and void. Presentation of valid identification may be required in connection with use of WDW Admission Media.

6. Attractions offered by means of the WDW Admission Media available through this program may be unavailable due to occupancy constraints or inclement weather, and use may be denied or restricted during special events or during the performance of routine maintenance. Walt Disney World Co. may add or delete theme parks or resort attractions available by means of the WDW Admission Media available through this program at anytime and without notice.

7. WDW Admission Media may be purchased by calling Member Services or by going to Guest Relations at the Magic Kingdom Park, Epcot, Disney’s Hollywood Studios, and Disney’s Animal Kingdom Theme Park or Downtown Disney area. New WDW Admission Media also can be purchased at dvcmember.com. At time of purchase or certificate redemption (for purchases through Member Services or online), Members must present their DVC Member ID Card, and if applicable, proof of Florida residency, and all adults (ages 18 and up) must present a valid driver’s license or state identification card showing they reside in the same household.

Rev. 2/11/2009 6

SECTION II (continued) ANNUAL PASS OPTION – DISNEYLAND RESORT

Through the Annual Pass Option, DVC Members may elect to purchase new Disneyland® Resort Deluxe and Premium Annual Passports (hereinafter “DL Admission Media”) at a discount off the regular price of admission, to be used according to the terms and conditions of the Disneyland Admission Media purchased, to theme parks and resort attractions at the Disneyland Resort owned and operated by Walt Disney World Co.

1. DL Admission Media prices are determined and made available, and may be adjusted at any time without notice, by Walt Disney World Co. in its sole discretion. The following DL Admission Media are discounted as noted below for DVC Members and exclude separately priced activities/events, do not include tax, and may not be combined with other admission media discounts that may be available to DVC Members. Discounts do not apply to renewals of any such DL Admission Media.

MEMBER PRICING & SAVINGS Disneyland Resort Theme Park Admission Member Discounted Prices

Deluxe Annual Passport price – 315 days of access Savings on regular price

$249.00 $20.00

Deluxe Annual Passport Renewal price – 315 days of access Savings on regular price

$249.00 None

Premium Annual Passport price – 365 days of access Savings on regular price

$369.00 $20.00

Premium Annual Passport Renewal price – 365 days of access Savings on regular price

$369.00 None

2. Disneyland Annual Passports provide unlimited admission, excluding separately priced activities and events and arcades, to

Disneyland Park and Disney’s California Adventure® Park; Downtown Disney® District, and access to special Passholder events, subject to restrictions (including, but not limited to, blockout dates, capacity and operating hours).

3. DL Admission Media available through this program may be purchased upon presentation of a DVC Member ID Card. In the event this program is changed or cancelled, all valid and un-expired DL Admission Media will be honored through their expiration date in accordance with the terms of such media. Use of the DL Admission Media purchased through this program is subject to all terms and conditions set forth on such DL Admission Media and all Annual Passport terms and conditions.

4. DL Admission Media available through this program may only be purchased by DVC Members for themselves and for Members of their immediate family living in their household only, up to a total of eight (8) new passports or renewal passports per year.

5. Premium Annual Passports obtained through this program are valid for 365 days and Deluxe Annual Passports obtained through this program are valid for 315 pre-selected days from the date of issue, include block-out dates, is non-assignable, is non-transferable, and may not be resold. Following purchase of any DL Admission Media, no refunds will be provided and the DL Admission Media may not be redeemed for cash or other consideration. Any alteration or defacing of DL Admission Media will render it null and void. Presentation of valid identification may be required in connection with use of DL Admission Media.

6. Attractions offered by means of the DL Admission Media available through this program may be unavailable due to occupancy constraints or inclement weather, and use may be denied or restricted during special events or during the performance of routine maintenance. Walt Disney World Co. may add or delete theme parks or resort attractions, entertainment or services available by means of the DL Admission Media available through this program at anytime and without notice.

7. DL Admission Media available through this program may be purchased at any Disneyland Main Entrance ticket booth. At the time of purchase, DVC Members must present their DVC Member ID Card and all adults (ages 18 and up) must present a valid driver’s license or state identification card showing they reside in the same household.

Rev. 2/11/2009 7

SECTION III SPECIAL PROGRAMS OPTION

1. Through the Special Programs Option, DVC Members and/or their Guests may (i) elect to participate in recreational, educational and miscellaneous programs (including, without limitation, programs offered to children through the Disney Discovery Club) offered from time to time; and (ii) be entitled to food, beverage, attraction and/or merchandise discounts offered from time to time; and (iii) be entitled, from time to time, to use recreational facilities and amenities of the Walt Disney World® Resort and/or Disneyland® Resort in California which are not part of the DVC Resort at which the DVC Members and their Guests are staying (the “Recreational Facilities”).

2. These miscellaneous programs, discounts and access to Recreational Facilities to be offered to DVC Members and their Guests, including the types of programs, discounts and Recreational Facilities, and the times, dates and frequency of the programs, discounts and access to Recreational Facilities, will be determined by DVD and/or the provider of such programs, discounts or Recreational Facilities in their sole discretion.

3. The price of the programs and amount of the discounts and the price for access to Recreational Facilities, if any, will be determined by DVD and will vary depending on the program, discount and/or Recreational Facility being offered. Generally, DVC Members and their Guests will be offered a discounted rate for each program offered.

4. These programs, discounts and Recreational Facilities may be unavailable due to capacity constraints or inclement weather and use may be denied or restricted during special events or maintenance and are subject to availability. Access to Recreational Facilities may be permanently or temporarily discontinued at any time or from time to time by DVD and/or the provider of such Recreational Facilities in their sole discretion. All programs and discounts may not be available at all times; however, at least one of these miscellaneous programs or discounts will be available to DVC Members at all times.

Rev. 2/11/2009 8

SECTION IV DISNEY COLLECTION PROGRAM

DVD has established a special plan called the Disney Collection Program (“Disney Collection"). DVC Members may reserve accommodations at a DVC Resort ("DVC Accommodations") and exchange those accommodations for hotel or cruise accommodations ("Disney Collection Accommodations") obtained by DVD through respective agreements (collectively, "Disney Collection Accommodations Purchase Agreements") with the Walt Disney World Co. ("WDW"), WCO Hotels, Inc. ("WCO"), Euro Disney S.C.A. ("ED"), EDL Hotels S.C.A. ("EDL"), Disney Cruise Line® (“DCL”), Hongkong International Theme Parks Limited (“HKITP”), and Milial Resort Hotels Co., Ltd. (“MRH”) (collectively, "Disney Collection Accommodations Owners"). DVD reserves the right to add or delete travel options offered through the Program at any time without the consent of DVC Members. Accommodations reserved through the Disney Collection do not include theme park admission, unless otherwise noted. The Disney Collection Accommodations included in the Disney Collection are described as follows:

1. Owned by WDW and located at the Walt Disney World® Resort ("WDW Resort Hotels"): Disney’s Caribbean Beach Resort Disney's Polynesian Resort Disney's Contemporary Resort Disney’s Port Orleans Resort — French Quarter Disney’s Coronado Springs Resort Disney’s Port Orleans Resort — Riverside Disney’s Fort Wilderness Resort & Campground Disney's Yacht Club Resort Disney’s Grand Floridian Resort & Spa

2. Owned by WCO and located near the Disneyland® Resort (“WCO Resort Hotels”):

Disneyland Hotel Disney’s Grand Californian Hotel® & Spa Disney’s Paradise Pier® Hotel 3. Leased and operated by EDL and located near Disneyland Resort Paris ("EDL Resort Hotels"):

Disney’s Hotel New York® Disney’s Newport Bay Club® Disney’s Sequoia Lodge® 4. Owned and operated by ED and located near the Disneyland Resort Paris ("ED Resort Hotel"):

Disneyland Hotel 5. Owned and operated by HKITP and located at the Hong Kong Disneyland Resort (“HKITP Resort Hotels”):

Disney’s Hollywood® Hotel Hong Kong Disneyland Hotel 6. Owned by Oriental Land Co., Ltd., and operated by MRH and located near the Tokyo Disney Resort® (“MRH Resort Hotels”):

Tokyo DisneySea Hotel MiraCosta® Disney Ambassador® Hotel 7. Cruise vacations operated by DCL:

The Bahamas Northern European Capitals Caribbean TransAtlantic Mediterranean

The EDL Resort Hotels and the ED Resort Hotel hereinafter are collectively referred to as "Disneyland Resort Paris Resort Hotels" and the WDW Resort Hotels, the WCO Resort Hotels, the HKITP Resort Hotels, the MRH Resort Hotels, and the Disneyland Resort Paris Resort Hotels hereinafter are collectively referred to as "Resort Hotels" and individually a "Resort Hotel."

While participating in the Disney Collection and staying at Disneyland® Resort Paris Resort Hotels, length-of-stay admission to Disneyland Paris Theme Park and Walt Disney Studios® Park is not included, but is required to be purchased for all registered guests.

While participating in the Disney Collection and staying at Hong Kong Disneyland Resort Hotels, length-of-stay admission to Hong Kong Disneyland Theme Park is included for the number of registered guests (up to the maximum number permitted in the accommodations).

A list of all Disney Collection Accommodations and the amenities available at each are found in the attached EXHIBIT A which is incorporated herein and made a part of this Guide. Reservation and cancellation policies and guidelines applicable to the Resort Hotels are described in the attached EXHIBIT C. Please refer to EXHIBIT D for reservation and cancellation policies and guidelines applicable to cruise vacations operated by DCL.

Rev. 2/11/2009 9

SECTION V DISNEY VACATION CLUB TRAVEL PROGRAM

DVD has established a special plan called the Disney Vacation Club Travel Program ("Program"). DVC Members may reserve accommodations at a DVC Resort ("DVC Accommodations") and exchange those accommodations for vacation travel options ("Travel Options") obtained by DVD through respective agreements (collectively, "Travel Option Purchase Agreements") with various providers of Travel Options (collectively, "Travel Option Providers").

There are two plans included in the Program, the Adventurer Collection and the Concierge Collection. Not all of the Travel Options are available at all times, however, at least one Travel Option through the Adventurer Collection and the Concierge Collection will be offered at any given time. DVD reserves the right to add or delete Travel Options offered through the Program at any time without the consent of DVC Members.

The resort facilities, amenities, services, accommodation size and sleeping capacity available to DVC Members through the Program vary by Travel Options Provider. The Travel Options currently included in the Program are as follows: ADVENTURER COLLECTION Adventures vacations owned by Walt Disney Travel Co. and operated by Adventures by Disney (ABD):

Alaska ― Taming the Last Frontier Germany ― Once Upon a Fairytale American Mid-Atlantic ― Spirit of America Ireland ― The Emerald Isle Arizona and Utah ― Southwest Splendors Italy ― Bella Italia Australia ― Discovery Down Under Italy ― Viva Italia Austria & Czech Republic ― Storybook Kingdoms Massachusetts & New York ― Beantown & The Big Apple California ― Backstage Magic Montana and Alberta – Rocky Trails and Mountie Tales California ― Golden Path to Yosemite, Regular/Signature Trip Peru ― Sacred Valleys and Incan Cities China ― Enchanted China South Africa ― Safari to South Africa, Regular/Signature Trip Costa Rica ― Path to Pura Vida Spain ― Treasures of Spain Ecuador ― Gateway to the Galapagos Switzerland & Italy ― Alpine Magic England and France ― Cities of Knights and Lights Wyoming ― Quest for the West France ― Flavors of France

A description of the Adventurer Collection Travel Options and their respective amenities are provided in the attached EXHIBIT B which is hereby incorporated herein and made part of this Guide. CONCIERGE COLLECTION

The Fairmont San Francisco (San Francisco, CA) Mandarin Oriental, Washington D.C. (Washington, DC) Grand Wailea Resort Hotel & Spa (Maui, HI) Resort at Squaw Creek (Lake Tahoe, CA) The Grove Park Inn Resort & Spa (Asheville, NC) Royal Garden Hotel (London, England) Hotel del Coronado (Coronado, CA) The Sagamore (Lake George, NY) Keystone Resort (Keystone, CO) Topnotch Resort and Spa (Stowe, VT) Loews Regency Hotel (New York, NY) The Whitehall Hotel (Chicago, IL)

Concierge Collection destinations may have additional charges for some amenities and activities. Certain destinations also may have blockout dates when the accommodations will be unavailable. Contact Member Services for full details and up-to-date information on the specific destination of interest.

Reservation and cancellation policies and guidelines applicable to the Adventurer Collection and the Concierge Collection are described in the attached EXHIBIT D.

Rev. 2/11/2009 10

SECTION VI PREOPENING PROGRAM

DVD has established a special plan called the PreOpening Program (“PreOpening Program"). DVC Members may reserve accommodations at a DVC Resort ("DVC Accommodations") and exchange those accommodations for a reservation of accommodations being constructed by DVD or which have not yet been declared to the condominium form of ownership. Accommodations reserved through the PreOpening Program do not include theme park admission.

DVD is currently constructing Disney’s Animal Kingdom Villas, Bay Lake Tower at Disney’s Contemporary Resort, Disney’s Saratoga Springs Resort, and The Villas at Disney’s Grand Californian Hotel® (“PreOpening Resort(s)”) which is included in the PreOpening Program. The following is a description of the accommodations and the amenities available:

Resort Hotel1 Number of Rooms* Approximate

Size2 Bathrooms Kitchen Facilities Pools Tennis

Courts Restaurants

Disney’s Animal Kingdom Villas

16 Grand Villas (3 Bedrooms)

140 Two-Bedroom Vacation Homes that cannot be locked-off

168 Two-Bedroom Vacation Homes that can be locked-off into 1-Bedroom (approximately 807 sq. ft.) and Studio (approximately 366 sq. ft.) Vacation Homes

2,201 sq. ft.

1,173 sq. ft.

1,173 sq. ft.

3

2 2

Y

Y

Y

Total Rooms: 324 Vacation Homes 1 0 2

Bay Lake Tower at Disney’s Contemporary Resort




2,166 sq. ft.

1,216 sq. ft.

1,216 sq. ft.

3

2 2

Y

Y

Y


Disney’s Saratoga Springs Resort

60 Treehouse Villas (3 Bedrooms) 1,074 sq. ft.

2

Y


The Villas at Disney’s Grand Californian Hotel




2,426 sq. ft.

1,257 sq. ft.

1,257 sq. ft.

4

2 2

Y

Y

Y

Total Rooms: 48 Vacation Homes 3 0 0 1 All accommodations may not be available at the same time. Availability is based on completion of construction and opening. 2Accommodation sizes noted reflect an average or the most common size available at each resort and may vary based on resort and

physical location of a Vacation Home in the resort structure.

Rev. 2/11/2009 11

SECTION VI (continued) DVC Members who elect to participate in the PreOpening Program may do so upon the following terms and conditions: 1. PROGRAM AND PURPOSE The PreOpening Program is being offered solely by DVD and is intended for incidental use by DVC

Members and their Guests. Participation in the PreOpening Program by a DVC Member is voluntary. Subject to paragraph 9 below, DVD reserves the right to limit or eliminate, in its sole discretion and without further notice to DVC Members, the ability of a DVC Member to exchange the use of DVC Accommodations for accommodations available under the PreOpening Program.

2. REQUESTING A RESERVATION A DVC Member may request a reservation for accommodations at a PreOpening Resort by contacting Member Services. Such accommodations are subject to availability. If the accommodations requested are available for the date(s) requested, a reservation for the accommodations will be confirmed by Member Services on behalf of the DVC Member. In exchange for receiving a confirmed reservation for such accommodations, the DVC Member will be assisted by Member Services to reserve, subject to the satisfaction of the DVC Member and all terms and conditions required for making a reservation, comparable DVC Accommodations using the appropriate PreOpening Points charts set forth below. The reserved DVC Accommodations and all related nights will then be assigned to DVD in exchange for receiving a confirmed reservation for the accommodations at the PreOpening Resort. PreOpening Points used by the DVC Member(s) to reserve the DVC Accommodations will be deducted from the total number of PreOpening Points allotted to the ownership interest for a particular Use Year (including banked and borrowed PreOpening Points). Occupancy of accommodations at a PreOpening Resort must occur in the Use Year during which the DVC Accommodations assigned to DVD may be occupied.

The determination of comparable accommodations is based on a PreOpening Points chart that establishes a ”PreOpening Point” value for accommodations in each resort in the PreOpening Program for each day of the year. The current PreOpening Points charts for the PreOpening Resorts are set out below; however, DVD reserves the right to revise or adjust any or all charts at any time.

Rev. 2/11/2009 12

SECTION VI (continued) All confirmed reservations for accommodations are conditioned on a PreOpening Resorts receiving a certificate of occupancy and subject to the PreOpening Points chart in existence at the time of occupancy. Please refer to the applicable PreOpening Points chart. In the event a PreOpening Resort has not received a certificate of occupancy prior to the date of intended occupancy, DVD reserves the right to substitute replacement accommodations as provided herein.

For the purpose of comparing relative occupancy value for DVC Accommodations and accommodations at a PreOpening Resort and establishing the basis upon which DVC Accommodations may be exchanged for accommodations at a PreOpening Resort, one PreOpening Point is equivalent to one annually allotted "Vacation Point" in the Disney Vacation Club central reservation system.

DISNEY’S ANIMAL KINGDOM VILLAS PREOPENING 2009 POINTS CHART*

Studio (Sleeps up to 4)

1-Bedroom Vacation Home (All sleep up to 4,

most sleep up to 5)

2-Bedroom Vacation Home (All sleep up to 8,

most sleep up to 9)

3-Bedroom Grand Villa (Sleeps up

to 12) ADVENTURE SEASON V S SV C V S SV C V S SV C SV

January 1 – 31, Sun-Thu 8 9 11 13 16 19 23 27 22 23 30 37 69 September 1 – 30, & Fri-Sat 16 19 23 27 32 38 45 53 43 49 60 72 87 December 1 – 14 Weekly 72 83 101 119 144 171 205 241 196 213 270 329 519 CHOICE SEASON October 1 – November 24, Sun-Thu 8 10 12 14 17 20 24 28 23 25 33 38 73 November 28 – 30, & Fri-Sat 17 20 24 28 34 40 48 56 46 51 65 76 88 December 15 – 23 Weekly 74 90 108 126 153 180 216 252 207 227 295 342 541 DREAM SEASON February 1 – 15, Sun-Thu 9 11 13 15 19 22 26 31 25 27 35 42 81 May 1 – June 10, & Fri-Sat 19 22 26 31 37 44 52 61 50 57 70 83 108 August 16 – 31 Weekly 83 99 117 137 169 198 234 277 225 249 315 376 621 MAGIC SEASON February 16 – April 4, Sun-Thu 11 12 15 17 21 25 30 35 28 31 40 47 99 April 19 – 30, Fri-Sat 21 25 30 35 42 50 59 69 58 64 80 94 120 June 11 – August 15, & Weekly 97 110 135 155 189 225 268 313 256 283 360 423 735 November 25 – 27 PREMIER SEASON April 5 – 18, & Sun-Thu 14 16 20 23 27 32 39 45 37 41 53 61 120 December 24 – 31 Fri-Sat 27 32 40 45 55 65 77 90 75 85 104 122 145 Weekly 124 144 180 205 245 290 349 405 335 375 473 549 890

*Chart effective from opening date through December 31, 2009. V=Value, S=Standard View, SV=Savanna View, and C=Kilimanjaro Club Concierge

Rev. 2/11/2009 13

SECTION VI (continued)

BAY LAKE TOWER AT DISNEY’S CONTEMPORARY RESORT PREOPENING 2009 POINTS CHART*

Studio

(Sleeps up to 4) 1-Bedroom

Vacation Home (Sleeps up to 5)

2-Bedroom Vacation Home

(Sleeps up to 9)

3-Bedroom Grand Villa

(Sleeps up to 12) ADVENTURE SEASON SV LV MK SV LV MK SV LV MK LV MK

January 1 – 31, Sun-Thu 12 15 17 24 27 32 32 36 44 73 88 September 1 – 30, & Fri-Sat 21 23 27 41 44 55 55 59 70 127 154 December 1 – 14 Weekly 102 121 139 202 223 270 270 298 360 619 748 CHOICE SEASON October 1 – November 24, Sun-Thu 12 15 18 26 28 35 33 37 46 78 93 November 28 – 30, & Fri-Sat 22 24 28 43 49 56 59 64 74 128 158 December 15 – 23 Weekly 104 123 146 216 238 287 283 313 378 646 781

DREAM SEASON

February 1 – 15, Sun-Thu 14 17 20 30 34 41 37 42 50 88 107 May 1 – June 10, & Fri-Sat 26 27 33 50 53 64 66 70 86 152 182 August 16 – 31 Weekly 122 139 166 250 276 333 317 350 422 744 899

MAGIC SEASON February 16 – April 4, Sun-Thu 17 19 22 32 36 44 41 46 56 104 127 April 19 – 30, Fri-Sat 26 28 36 55 59 70 73 79 94 181 215 June 11 – August 15, & Weekly 137 151 182 270 298 360 351 388 468 882 1065 November 25 – 27

PREMIER SEASON

April 5 – 18, & Sun-Thu 21 24 29 43 46 56 55 61 73 126 153 December 24 – 31 Fri-Sat 38 40 48 68 79 94 93 102 125 218 261 Weekly 181 200 241 351 388 468 461 509 615 1066 1287

*Chart effective from opening date through December 31, 2009. V=Standard View, LV=Lake View, and MK=Magic Kingdom® View

Rev. 2/11/2009 14


DISNEY’S SARATOGA SPRINGS RESORT PREOPENING 2009 POINTS CHART*

ADVENTURE SEASON Treehouse Villa (Sleeps up to 9)

January 1 – 31, Sun-Thu 27 September 1 – 30, & Fri-Sat 54 December 1 – 14 Weekly 243

CHOICE SEASON October 1 – 31, Sun-Thu 29 November 1 – 24, Fri-Sat 55 November 28 – 30, & Weekly 255 December 15 – 23

DREAM SEASON February 1 – 15, Sun-Thu 31 May 1 – June 10, & Fri-Sat 65 August 16 – 31 Weekly 285

MAGIC SEASON February 16 – 28, Sun-Thu 36 March 1 – April 4, Fri-Sat 68 April 19 – 30, Weekly 316 June 11 – August 15, & November 25 – 27

PREMIER SEASON April 5 – 18, & Sun-Thu 45 December 24 – 31 Fri-Sat 95 Weekly 415

*Chart effective from opening date through December 31, 2009.

Rev. 2/11/2009 15


THE VILLAS AT DISNEY’S GRAND CALIFORNIAN HOTEL® PREOPENING 2009 POINTS CHART*

ADVENTURE SEASON

Studio (Sleeps up to 4)

1-Bedroom Vacation Home (Sleeps up to 5)

2-Bedroom Vacation Home

(Sleeps up to 9)

3-Bedroom Grand Villa

(Sleeps up to 12)

January 4 – February 21, & Sun-Thu 15 28 40 83 September 6 – October 1 Fri-Sat 27 49 70 148 Weekly 129 238 340 711

CHOICE SEASON April 19 – June 28, Sun-Thu 17 34 45 93 October 2 – November 23, & Fri-Sat 29 60 80 166 November 29 – December 17 Weekly 143 290 385 797

MAGIC SEASON February 22 – April 2, & Sun-Thu 23 46 62 134 June 29 – September 5 Fri-Sat 40 80 110 235 Weekly 195 390 530 1140

PREMIER SEASON January 1 – 3, Sun-Thu 27 55 76 160 April 3 – 18, Fri-Sat 46 94 135 280 November 24 – 28, & Weekly 227 463 650 1360 December 18 – 31

*Chart effective from opening date through December 31, 2009.

1. RESERVATION LIMITATIONS Reservations for accommodations at a PreOpening Resort may be requested in accordance with the same reservation windows and policies as apply for reservations in the Disney Vacation Club central reservation system. Reservation requests may be made only by a DVC Member; however, reserved accommodations may be occupied by a DVC Member and/or Guest(s). Reserved accommodations are for the personal use of DVC Members and their Guests and may not be assigned, bartered, rented, sold, otherwise transferred or used for any commercial purpose by the DVC Member or Guest in whose name the reservation is confirmed.

2. ROOM TYPES AVAILABLE Not all room types or views will be available at all times. (Members should contact Member Services for specific information). Reservations will be confirmed for a specific PreOpening Resort; however, a specific room will not be assigned until check-in. While requests for a specific room location will be considered, there is no guarantee that a DVC Member and/or a Guest will be assigned a specific room location.

3. BLOCKOUT PERIODS AND UNAVAILABILITY DVD reserves the right, in its sole discretion and without the consent of any DVC Member or Guest, to impose blockout periods for any time period(s) at a PreOpening Resort. Reservations may not be made for the dates included in the blockout period(s). DVC Members will compete with the general public in seeking and reserving accommodations in the PreOpening Resorts. DVC Members may reserve accommodations on a first-come, first-served basis and subject to availability. Please refer to the above PreOpening Points charts.

Rev. 2/11/2009 16

SECTION VI (continued) 4. CHARGES FOR PROGRAM RESERVATIONS The DVC Member and/or Guest occupying accommodations through the

PreOpening Program shall be responsible for all charges and expenses associated with such occupancy (for example, long distance telephone calls and room service) except for the cost of the individual accommodations itself. DVD will reimburse Member Services for all costs incurred for operating and facilitating the PreOpening Program, which costs shall not be included as a part of the common expenses of the condominium at any DVC Resort.

5. CHARGES FOR ADDITIONAL RESERVATIONS If a DVC Member and/or Guest wish(es) to reserve accommodations at a PreOpening Resort before or after the time period reserved through the Program, a separate reservation(s)must be made and all charges and expenses, including the cost of the reserved accommodations and all resort, occupancy, and sales tax associated with such occupancy, shall be the responsibility of the DVC Member and/or Guest(s) occupying the accommodations.

6. CANCELLATIONS To cancel accommodations reserved through the PreOpening Program, the DVC Member or Guest must contact Member Services. The following cancellation policy applies: ♦ 31 or more days before check-in date: If the new reservation uses fewer Vacation Points than the original reservation, the

remaining Vacation Points, including any borrowed Vacation Points, will be returned to your account in the Use Year in which the reservation falls.

♦ 30 or less days before check-in date: All Vacation Points used to make the reservation will be placed in the Holding Account in the Use Year in which the reservation falls. If the new reservation uses fewer Vacation Points than the original reservation, the remaining Vacation Points will stay in the Holding Account until the end of your Use Year.

♦ On check-in date: If the new reservation uses fewer Vacation Points than the original reservation, the remaining Vacation Points will be forfeited.

7. MODIFICATIONS To modify accommodations reserved through the PreOpening Program, the DVC Member or Guest must contact Member Services. The following modification policy applies: ♦ 31 or more days before check-in date: All Vacation Points used to make the reservation, including any borrowed Vacation

Points, will be returned to your account in the Use Year in which the reservation falls. ♦ 30 or less days before check-in date: All of the Vacation Points used to make the reservation will be placed in the Holding

Account in the Use Year in which the reservation falls. ♦ On check-in date: All of the Vacation Points used to make the reservation will be forfeited.

8. EARLY CHECK-OUT If a DVC Member or Guest checks out of accommodations at a PreOpening Resort reserved through the PreOpening Program prior to the end of the reserved period, the DVC Member and/or Guest is not entitled to request or receive other accommodations at a PreOpening Resort or at any DVC Resort. In no event shall a DVC Member and/or Guest be entitled through the PreOpening Program to occupy the DVC Accommodations assigned to DVD.

9. ASSIGNMENT OF DVC ACCOMMODATIONS TO DVD By accepting a confirmed reservation for accommodations at a PreOpening Resort, the DVC Member irrevocably assigns to DVD all occupancy and use rights associated with the DVC Accommodations reserved by the DVC Member by utilizing a certain number of the DVC Member's allotted Vacation Points. DVD shall have the right to use the DVC Accommodations assigned to it, to assign or transfer use of such DVC Accommodations to any other person, and/or to rent the DVC Accommodations to any other person and retain the proceeds of such rental. The DVC Member who has assigned the DVC Accommodations to DVD shall not be entitled to any rental or other compensation in the event the DVC Accommodations are rented or otherwise transferred for compensation by DVD.

10. PROGRAM CHANGES AND AMENDMENTS DVD reserves the right to limit or eliminate, in its sole discretion and without notice to DVC Members, the availability of the PreOpening Program or any PreOpening Accommodations in any PreOpening Resort. DVD reserves the right to amend the terms and conditions of the PreOpening Program at any time, in its sole discretion, without prior notice to or permission from any DVC Member. DVD reserves the right to modify, supplement, or terminate the PreOpening Program at any time, in its sole discretion, without prior notice to or permission from any DVC Member, subject to the obligation on the part of DVD to honor reservations for accommodations in a PreOpening Resort confirmed prior to termination. The continued availability of the PreOpening Program is not necessary in order for any accommodation or facility of any DVC Resort to be available for use by DVC Members. In the event the PreOpening Program, or any portion thereof, becomes unavailable as a result of events beyond the developer's control, the developer reserves the right to substitute a replacement benefit of a type, quality, value and term reasonably similar to the PreOpening Program. Reservations at a DVC Resort shall be deemed conclusively to be reasonably similar to the unavailable PreOpening Resort.

Rev. 2/11/2009 17

EXHIBIT A DISNEY COLLECTION

DISNEY RESORT HOTELS* Disney’s Caribbean Beach Resort Disney’s Grand Californian Hotel® & Spa Disney's Contemporary Resort Disney’s Paradise Pier® Hotel Disney’s Coronado Springs Resort Disneyland Hotel – France Disney’s Fort Wilderness Resort & Campground – Campsites Disney’s Hotel New York® Disney’s Fort Wilderness Resort & Campground – Wilderness Cabins Disney’s Newport Bay Club® Disney's Grand Floridian Resort & Spa Disney’s Sequoia Lodge® Disney's Polynesian Resort Hong Kong Disneyland Hotel Disney’s Port Orleans Resort — Riverside Disney’s Hollywood® Hotel Disney’s Port Orleans Resort — French Quarter Tokyo DisneySea Hotel MiraCosta® Disney's Yacht Club Resort Disney Ambassador® Hotel Disneyland® Hotel - California

*Each Resort Hotel has at least one on-site restaurant, as well as, a variety of services, amenities and recreation options, some of which require a fee. DISNEY CRUISE LINE® -- 2009 CRUISES*

3 Nights to The Bahamas on the Disney Wonder 7 Nights to the Eastern Caribbean on the Disney Magic® 4 Nights to The Bahamas on the Disney Wonder 7 Nights to the Western Caribbean on the Disney Magic

*Each cruise includes all shipboard meals and use of all shipboard services and activities (some require a fee). Per-day service gratuities are not included. DISNEY CRUISE LINE® -- 2010 CRUISES*

3 Nights to The Bahamas on the Disney Wonder 10 Nights to the Caribbean on the Disney Magic 4 Nights to The Bahamas on the Disney Wonder 11 Nights to the Caribbean on the Disney Magic 5 Nights to the Bahamas on the Disney Wonder 10 Nights to the Mediterranean on the Disney Magic 7 Nights to the Eastern Caribbean on the Disney Magic or Wonder 11 Nights to the Mediterranean on the Disney Magic 7 Nights to the Western Caribbean on the Disney Magic or Wonder 12 Nights to the Northern European Capitals on the Disney Magic 7 Nights from Barcelona to Dover on the Disney Magic 14 Nights Eastbound TransAtlantic on the Disney Magic 8 Nights from Dover to Barcelona on the Disney Magic 14 Nights Westbound TransAtlantic on the Disney Magic

*Each cruise includes all shipboard meals and use of all shipboard services and activities (some require a fee). Per-day service gratuities are not included.

Rev. 2/11/2009 18

EXHIBIT B ADVENTURER COLLECTION

ADVENTURES BY DISNEY – 2009 TRIPS*

Alaska ― Taming the Last Frontier 8 days, 7 nights

Germany ― Once Upon a Fairytale 9 days, 8 nights

American Mid-Atlantic ― Spirit of America 8 days, 7 nights

Ireland ― The Emerald Isle 8 days, 7 nights

Arizona and Utah ― Southwest Splendors 8 days, 7 nights

Italy ― Bella Italia 8 days, 7 nights

Australia ― Discovery Down Under 10 days, 9 nights

Italy ― Viva Italia 9 days, 8 nights

Austria and Czech Republic ― Storybook Kingdoms 8 days, 7 nights

Massachusetts & New York ― Beantown & The Big Apple 8 days, 7 nights

California ― Backstage Magic 6 days, 5 nights

Montana and Alberta ― Rocky Trails and Mountie Tales 8 days, 7 nights

California ― Golden Path to Yosemite, Regular Trip 8 days, 7 nights

Peru ― Sacred Valleys and Incan Cities 9 days, 8 nights

California ― Golden Path to Yosemite, Signature Trip 8 days, 7 nights

South Africa ― Safari to South Africa, Regular Trip 12 days, 11 nights

China ― Enchanted China 13 days, 12 nights

South Africa ― Safari to South Africa, Signature Trip 12 days, 11 nights

Costa Rica ― Path to Pura Vida 7 days, 6 nights

Spain ― Treasures of Spain 8 days, 7 nights

Ecuador ― Gateway to the Galapagos 10 days, 9 nights

Switzerland & Italy – Alpine Magic 9 days, 8 nights

England and France ― Cities of Knights and Lights 7 days, 6 nights

Wyoming ― Quest for the West 7 days, 6 nights

France ― Flavors of France 7 days, 6 nights

*Each adventure includes accommodations for all nights of the itinerary, scheduled meals, activities, and entertainment as described on www.adventuresbydisney.com, use of select equipment and supplies, services of two Disney-trained Adventure Guides and local experts, itinerary-based transportation, luggage service, and select gratuities. All included items are subject to change without notice.

Rev. 2/11/2009 19

EXHIBIT C POLICIES AND GUIDELINES — DISNEY COLLECTION

This EXHIBIT C is hereby incorporated in and made a part of this Guide. DVC Members who elect to participate in the Disney Collection may do so upon the following terms and conditions:

1. PROGRAM AND PURPOSE The Disney Collection is being offered solely by DVD and is intended for incidental use by DVC Members and their Guests. Participation in the Disney Collection by a DVC Member is voluntary. Subject to paragraph 11 below, DVD reserves the right to limit or eliminate, in its sole discretion and without further notice to DVC Members, the ability of a DVC Member to exchange the use of DVC Accommodations for Disney Collection Accommodations.

2. REQUESTING A RESERVATION A DVC Member may request a reservation for Disney Collection Accommodations by contacting Member Services. Such accommodations are subject to availability. If the accommodations requested are available for the date(s) requested, the accommodations will be obtained by DVD pursuant to its respective agreement with the applicable Disney Collection Accommodations Owner. A reservation for the accommodations will then be confirmed by Member Services on behalf of the DVC Member, in exchange for receiving a confirmed reservation for Disney Collection Accommodations, subject to the satisfaction by the DVC Member of all terms and conditions required for making a reservation, comparable DVC Accommodations using the appropriate Reservation Points charts set forth in the Vacation Planner and on dvcmember.com. In order to complete a reservation, Member Services will be providing the destination with your name, address, and phone number. The reserved DVC Accommodations and all related nights will then be assigned to DVD in exchange for receiving a confirmed reservation for Disney Collection Accommodations. Vacation Points used by the DVC Member(s) to reserve the DVC Accommodations will be deducted from the total number of Vacation Points allotted to the ownership interest for a particular Use Year (including banked and borrowed Vacation Points). Occupancy of Disney Collection Accommodations must occur in the Use Year during which the DVC Accommodations assigned to DVD may be occupied. If Reservation Points charts have not been determined for the date(s) requested by a DVC Member, DVD reserves the right to hold the DVC Member’s reservation request(s) and confirm the DVC Member reservation request(s) once the Reservation Points charts become available.

The determination of comparable accommodations is based on a resort Vacation Points chart which establishes a "Reservation Points" value for accommodations in each of the Resort Hotels for each day of the year. The present resort Reservation Points charts for the Resort Hotels are set out in the Vacation Planner and on dvcmember.com; however, DVD reserves the right to revise or adjust any or all charts at any time.

For the purpose of comparing relative occupancy value for DVC Accommodations and Disney Collection Accommodations and establishing the basis upon which DVC Accommodations may be exchanged for Disney Collection Accommodations, one Reservation Point is equivalent to one annually allotted "Vacation Point" in the Disney Vacation Club central reservation system. Reservation Points have no other relationship with or comparison to Vacation Points, and Reservation Points are established for convenience of reference only.

3. RESERVATION LIMITATIONS Reservations for Disney Collection Accommodations may be requested only as follows: ♦ Walt Disney World® and Disneyland® Resort Hotels: 11 months to 2 days in advance of requested check-in date, but some

resorts may not be available for booking at the 11-month window ♦ Disneyland Resort Paris Resort Hotels: 6 months to 14 days in advance of requested check-in date, but some resorts may not

be available for booking at the 6-month window ♦ Hong Kong Disneyland Resort and Tokyo Disney Resort® Resort Hotels: 6 months to 14 days in advance of requested check-in

date, but some resorts may not be available for booking at the 6-month window In addition, reservations may not be requested in the last 4 months of a Use Year for stays that take place during the last 4 months of that Use Year, except for stays at the Disneyland Resort Hotels in California. Reservation requests may be made only by a DVC Member; however, reserved Disney Collection Accommodations may be occupied by a DVC Member and/or Guests. Reserved Disney Collection Accommodations are for the personal use of DVC Members and their Guests and may not be assigned, bartered, rented, sold, otherwise transferred or used for any commercial purpose by the DVC Member or Guest in whose name the reservation is confirmed.

4. ROOM TYPES AVAILABLE Disney Collection Accommodations do not include suites in any of the Resort Hotels, and upgrades to these types of accommodations are not available. Not all room types or views will be available at all times (Members should contact Member Services for specific information). Reservations will be confirmed for a specific Resort Hotel; however, a specific room will not be assigned until check-in. While requests for a specific room location will be considered, there is no guarantee that a DVC Member and/or Guest will be assigned a specific room location.

5. BLOCKOUT PERIODS AND UNAVAILABILITY DVD reserves the right, in its sole discretion and without the consent of any DVC Member or Guest, to impose blockout periods for any time period(s) at any or all Resort Hotels. Reservations may not be made for the dates included in the blockout period(s). DVC Members will compete with the general public in seeking and reserving accommodations in Resort Hotels and DVC Members will enjoy no priority when requesting reservations for such accommodations. Some Resort Hotels may be unavailable from time to time due to seasonal operation.

Rev. 2/11/2009 20

EXHIBIT C (continued) 6. CHARGES FOR PROGRAM RESERVATIONS The DVC Member and/or Guest occupying accommodations through the Disney

Collection shall be responsible for all charges and expenses associated with such occupancy (for example, long distance telephone calls) except for the cost of the individual accommodation itself and any resort, occupancy and/or sales tax and/or fees associated with such occupancy. DVD will reimburse Member Services for all costs incurred for operating and facilitating the Disney Collection, which costs shall not be included as a part of the common expenses of the condominium at a DVC Resort.

7. CHARGES FOR ADDITIONAL RESERVATION If a DVC Member and/or Guest wish(es) to reserve accommodations at a Resort Hotel before or after the time period reserved through the Disney Collection, a separate reservation(s) must be made and all charges and expenses, including the cost of the reserved accommodations and all resort, occupancy, and sales tax and/or fees associated with such occupancy, shall be the responsibility of the DVC Member and/or Guest(s) occupying the accommodations.

8. TRANSACTION FEES AND PROGRAM COSTS. Beginning January 1, 2008, DVC Members will be charged a non-refundable $95.00 transaction fee per Disney Collection (excluding Disneyland® Resort Hotels in California and campsites with full hook-up at Disney’s Fort Wilderness Resort & Campground) confirmed reservation, which is payable at the time of confirmation. Costs of cash reservations, if any, are also payable at the time of confirmation. If payment of all such fees is not received at confirmation, DVD reserves the right to cancel the confirmed reservation. A modification to a confirmed reservation is considered a cancellation which requires a new reservation and payment of an additional non-refundable $95.00 transaction fee. DVD will reimburse Member Services for all costs incurred for operating and facilitating the Travel Program, which costs shall not be included as a part of the common expenses of the condominium at a DVC Resort. This fee is subject to change at the sole discretion of DVD. DVC Members who are delinquent on payment of any reservation fees and/or program costs may not request reservations for any Travel Option.

9. CANCELLATIONS To cancel accommodations reserved through the Disney Collection, the DVC Member or Guest must contact Member Services. All Reservation Points used to make the reservation will be returned to the Use Year in which the reservation falls if the cancellation is received as follows: ♦ Walt Disney World® Resort Hotels: 6 or more days in advance of the check-in date ♦ Disneyland® Resort, Resort Hotels: 4 or more days in advance of the check-in date ♦ Disneyland Resort Paris, Hong Kong Disneyland Resort, or Tokyo Disney Resort Resort Hotels: 16 or more days in advance of

the check-in date DVC Members or Guests may use the returned Reservation Points to request, subject to availability, reservation of other accommodations at the same or another Resort Hotel through the Disney Collection or reservation of other accommodations through the Concierge Collection or Adventurer Collection, which requires the same or fewer Reservation Points as Disney Collection Accommodations for which the reservation was cancelled. Requests for and occupancy of accommodations at a Resort Hotel following cancellation of an initial reservation must occur within the Use Year during which the DVC Accommodations assigned to DVD may be occupied.

All Reservation Points used to make the reservation are forfeited if the cancellation is received as follows: ♦ Walt Disney World® Resort Hotels: 5 or less days in advance of the check-in date ♦ Disneyland® Resort Hotels: 3 or less days in advance of the check-in date ♦ Disneyland Resort Paris, Hong Kong Disneyland Resort, or Tokyo Disney Resort Resort Hotels: 15 or less days in advance of

the check-in date

DVC Members or Guests are not entitled to request or receive other accommodations at any Resort Hotel and are not entitled to occupy the DVC Accommodations assigned to DVD if the DVC Member or Guest fails to check in within 24 hours following the reserved check-in date for any Resort Hotel.

10. EARLY CHECK OUT If a DVC Member or Guest checks out of accommodations at a Resort Hotel reserved through the Collection prior to the end of the reserved period, the DVC Member and/or Guest is not entitled to request or receive other accommodations at any Resort Hotel. In no event shall a DVC Member or Guest be entitled through the Disney Collection to occupy the DVC Accommodations assigned to DVD.

11. ASSIGNMENT OF DVC ACCOMMODATIONS TO DVD By accepting a confirmed reservation for Disney Collection Accommodations, the DVC Member irrevocably assigns to DVD all occupancy and use rights associated with the DVC Accommodations reserved by the DVC Member by utilizing a certain number of the DVC Member's allotted Vacation Points. DVD shall have the right to use the DVC Accommodations assigned to it, to assign or transfer use of such DVC Accommodations to any other person, and/or to rent the DVC Accommodations to any other person and retain the proceeds of such rental. The DVC Member who has assigned the DVC Accommodations to DVD shall not be entitled to any rental or other compensation in the event the DVC Accommodations are rented or otherwise transferred for compensation by DVD.

Rev. 2/11/2009 21

EXHIBIT C (continued) 12. PROGRAM CHANGES AND AMENDMENTS DVD reserves the right to amend the terms and conditions of the Disney Collection at

any time, in its sole discretion, without prior notice to or permission from any DVC Member. DVD reserves the right to modify, supplement, or terminate the Disney Collection at any time, in its sole discretion, without prior notice to or permission from any DVC Member, subject to the obligation on the part of DVD to honor reservations for accommodations in Resort Hotels confirmed prior to termination. The continued availability of the Disney Collection is not necessary in order for any accommodation or facility of any DVC Resort to be available for use by DVC Members. In the event the Disney Collection, or any portion thereof, becomes unavailable as a result of events beyond the developer's control, the developer reserves the right to substitute a replacement benefit of a type, quality, value and term reasonably similar to the Disney Collection. Reservations at a DVC Resort shall be deemed conclusively to be reasonably similar to an unavailable Resort Hotel.

13. AGREEMENT OF DISNEY COLLECTION ACCOMMODATIONS OWNERS TO HONOR CONFIRMED DISNEY COLLECTION ACCOMMODATIONS DVD, WDW, WCO, ED, EDL, HKITP, and MRH are separate and distinct legal entities. No Disney Collection Accommodations Owner is offering the Collection to DVC Members and/or Guests nor is any Disney Collection Accommodations Owner offering the vacation ownership plan at any DVC Resort, and no Disney Collection Accommodations Owner; therefore, is a developer for purposes of Chapter 721, Florida Statutes. However, each Disney Collection Accommodations Owner, in accordance with the terms of its respective Disney Collection Accommodations Purchase Agreement with DVD, has agreed to make accommodations at its respective Resort Hotel(s) reserved through the Disney Collection available to DVC Members and/or Guests with confirmed reservations even if, through financial insolvency or otherwise, DVD fails or is unable to pay the respective Disney Collection Accommodations Owner for such confirmed accommodations.

Rev. 2/11/2009 22

EXHIBIT D POLICIES AND GUIDELINES — ADVENTURER COLLECTION, CONCIERGE COLLECTION

AND DISNEY CRUISE LINE® This EXHIBIT D is hereby incorporated in and made a part of this Guide. DVC Members who select an Adventurer Collection, Concierge Collection, or DCL travel option (for purposes of EXHIBIT D, “Travel Program”) may do so upon the following terms and conditions:

1. PROGRAM AND PURPOSE. The Travel Program is being offered solely by DVD and is intended for incidental use by DVC Members and their Guests. Subject to paragraph 10 below, DVD reserves the right to limit or eliminate, in its sole discretion and without further notice to DVC Members, the ability of a DVC Member to exchange the use of DVC Accommodations for a reserved Travel Option. Participation in the Travel Program by a DVC Member is completely voluntary.

2. REQUESTING A RESERVATION. A DVC Member may request a reservation for the Travel Program by contacting Member Services. Such accommodations are subject to availability. If the Travel Program requested is available for the date(s) requested, the Travel Program will be obtained by DVD pursuant to its respective agreement with the applicable Travel Program Provider. A reservation for the Travel Program will then be confirmed by Member Services on behalf of the DVC Member in exchange for receiving a confirmed reservation for Travel Programs, subject to the satisfaction by the DVC Member of all terms and conditions required for making a reservation, comparable DVC Accommodations using the appropriate Reservation Points charts set forth in the Vacation Planner and on dvcmember.com. In order to complete a reservation, Member Services will be providing the destination with your name, address, and phone number. The reserved DVC Accommodations and all related rights will then be assigned to DVD in exchange for receiving a confirmed reservation for the Travel Program. Vacation Points used by the DVC Member to reserve the DVC Accommodations will be deducted from the total number of Vacation Points allocated to the ownership interest of the DVC Member for the particular Use Year during which the DVC Accommodations are reserved (including banked and borrowed Vacation Points). The Travel Program must occur in the Use Year during which the DVC Accommodations assigned to DVD may be occupied. If Reservation Points charts have not been determined for the date(s) requested by a DVC Member, DVD reserves the right to hold the DVC Member reservation request and confirm the DVC Member reservation request once the Reservation Points charts become available.

The determination of comparable DVC Accommodations is based on Vacation Points charts which establish a "Reservation Point" value for each of the Travel Programs. The present Reservation Points charts for the Travel Programs are set forth in the Vacation Planner and on dvcmember.com, however, DVD reserves the right to revise or adjust any or all charts at any time.

3. RESERVATION LIMITATIONS. Reservations for the Travel Program may requested as follows: ♦ Adventures by Disney Trips: 24 months to 30 days in advance of requested trip date, but some trips may not be available for

booking at the 24-month window ♦ Concierge Collection Resort: 11 months to 7 days in advance of requested check-in date, but some resorts may not be available

for booking at the 11-month window ♦ Disney Cruise Line® Cruises: 24 months to 14 days in advance of requested sailing date, but some sailings may not be available

for booking at the 24-month window In addition, reservations may not be requested in the last 4 months of a Use Year for stays that take place during the last 4 months of that Use Year. Reservation requests may be made only by a DVC Member; however Travel Options may be used by DVC Members and their Guests, so long as no compensation is paid by the Guest to the DVC Member for such use. The Travel Program is for the personal use of DVC Members and their Guests and may not be assigned, bartered, rented, sold, otherwise transferred or used for any commercial purpose by the DVC Member or Guest in whose name the reservation is confirmed.

4. BLOCKOUT PERIODS; SPACES IN TRAVEL PROGRAMS ALLOCATED BY PROVIDERS. DVD reserves the right, in its sole discretion and without the consent of any DVC Member or Guest, to impose blockout periods for any Travel Program. If a blockout period is imposed, reservations may not be made for the dates included in such blockout periods. DVD may be allocated a limited number of spaces in particular Travel Program by the respective Travel Program Provider; however, DVC Members will compete with other DVC Members in seeking and reserving this limited number of allocated spaces in the Travel Program. Once the limited number of spaces in a particular Travel Program has been reserved by DVC Members, other DVC Members will have no priority when requesting reservations for such accommodations and will compete with the general public in seeking and reserving spaces in the Travel Program.

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EXHIBIT D (continued) 5. RIGHT TO SUBSTITUTE COMPARABLE TRAVEL PROGRAM. In the event that any portion of the Travel Programs become

unavailable as a result of events beyond the control of DVD, DVD reserves the right to substitute a replacement Travel Program option of a type, quality, value, and term reasonably similar to the unavailable Travel Program option. Reservations at a DVC Resort for a number of nights equal to the number of nights included in the unavailable Travel Program option shall be deemed conclusively to be reasonably similar to the unavailable Travel Program.

DCL may in its sole discretion and without prior notice change, substitute, postpone, cancel, or deviate from any scheduled sailing, itinerary or call at any port, and may substitute another vessel for the ship. DCL, DVD, DVCMC or any of their affiliates shall not be liable for any loss or damage incurred by DVC Member as a result of any such change, substitution, postponement, cancellation, or deviation. The DVC Member shall pay any and all expenses incurred if detained on board ship or elsewhere at any stage of a voyage because of quarantine, port regulations, prevailing applicable law, illness, or other cause.

6. INCIDENTAL AND ADDITIONAL CHARGES. The DVC Member and/or Guest using Travel Program options through the Adventurer Collection, Concierge Collection, or DCL shall be responsible for all incidental charges and expenses relating to items that are not included in the Travel Program or cruise vacation itinerary which may include, but are not limited to, customs charges, meals, transportation, or excursions not included on the itineraries, park admission fees, fuel surcharges, port charges, single occupancy surcharges, small group surcharges, visa fees, and other similar charges. Increases in National Park fees or other costs beyond DVD's control will be the responsibility of the DVD Member and/or Guest The DVC Member and/or Guest occupying accommodations at a Concierge Collection destination through the Concierge Collection shall be responsible for all charges and expenses associated with such occupancy (for example, long distance telephone calls and room service) except for the cost of the individual accommodation, any resort, occupancy and/or sales tax associated with such occupancy, and any meals specifically included. If a DVC Member and/or Guest wish(es) to reserve accommodations at a Concierge Collection location before or after the time period reserved through the Travel Program, a separate reservation(s) must be made and all charges and expenses, including the cost of the reserved accommodations and all resort, occupancy, and sales tax associated with such occupancy, shall be the responsibility of the DVC Member and/or the Guest(s) occupying the accommodations.

7. TRANSACTION FEES AND PROGRAM COSTS. DVC Members will be charged a non-refundable $95.00 transaction fee per Adventurer Collection, Concierge Collection, or DCL confirmed reservation, which is payable at the time of confirmation. Additional transportation fees and costs of cash reservations, if any, also are payable at the time of confirmation. If payment of all such fees is not received at confirmation, DVD reserves the right to cancel the confirmed reservation. A modification to a confirmed reservation is considered a cancellation which requires a new reservation and payment of an additional non-refundable $95.00 transaction fee. DVD will reimburse Member Services for all costs incurred for operating and facilitating the Travel Program, which costs shall not be included as a part of the common expenses of the condominium at a DVC Resort. This fee is subject to change at the sole discretion of DVD. DVC Members who are delinquent on payment of any reservation fees and/or program costs may not request reservations for any Travel Option.

8. CANCELLATIONS. If confirmed reservations for Travel Program options are cancelled for any reason by DVD or the Travel Program Provider, then the DVC Member may request reservations for other comparable options currently available through the Travel Program, or reservations for Resort Hotel rooms through the Disney Collection, subject to availability.

Travel options reserved through the Travel Program may be cancelled by the DVC Member by contacting Member Services. If confirmed reservations for Travel Program options are cancelled for any reason by the DVC Member, the DVC Member may only request reservations (subject to the cancellation policy) for other comparable Travel Program options then currently available through the Travel Program, or reservations through the Disney Collection, subject to availability, which requires the same or fewer Reservation Points as the Travel Program option cancelled. Such reservations must be made, and occupancy must be completed, prior to the expiration of the Use Year during which the reserved DVC Accommodations assigned to DVD may be occupied. The number of Reservation Points that will be available to the DVC Member in reserving such other Travel Program or Disney Collection Accommodations will be based on the number of Vacation Points originally used by the DVC Member to reserve the DVC Accommodations, less a number of Reservation Points to be determined in accordance with the applicable cancellation policy for Reservation Points and cash reservations tables below:

ADVENTURE VACATIONS — ADVENTURES BY DISNEY TRIPS

Notice of Cancellation Penalty per Person* 90 or more Days 54 Reservation Points or $300.00 of the cash payment made 89 - 60 Days 25% of Reservation Points or 25% of the cash payment made 59 - 30 Days 50% of Reservation Points or 50% of the cash payment made 29 – 0 Days All Reservation Points or all of the cash payment made

*The $95.00 transaction fee is non-refundable.

Rev. 2/11/2009 24

EXHIBIT D (continued) CRUISE VACATIONS — DISNEY CRUISE LINE® 3-, 4-, AND 5-NIGHT CRUISES

Notice of Cancellation Category 3 Stateroom Penalty per Person* 45 or more Days 57 Reservation Points or $400 of the cash payment made 44 – 8 Days 50% of Reservation Points or 50% of the cash payment made 7 – 0 Days All Reservation Points or all of the cash payment made

Notice of Cancellation Category 4-11 Stateroom Penalty per Person* 75 or more Days All Reservation Points returned to the appropriate Use Year or 100% of cash payment made is returned 74 – 45 Days 29 Reservation Points or $200.00 of the cash payment made 44 – 8 Days 50% of Reservation Points or of the cash payment made 7 – 0 Days All Reservation Points or all of the cash payment made

*The $95.00 transaction fee is non-refundable. CRUISE VACATIONS — DISNEY CRUISE LINE® 7- AND 8-NIGHT CRUISES


Notice of Cancellation Category 4-11 Stateroom Penalty per Person* 75 or more Days All Reservation Points returned to the appropriate Use Year or 100% of cash payment made is returned 74 – 45 Days 36 Reservation Points or $250.00 of the cash payment made 44 – 8 Days 50% of Reservation Points or 50% of the cash payment made 7 – 0 Days All Reservation Points or all of the cash payment made

*The $95.00 transaction fee is non-refundable. CRUISE VACATIONS — DISNEY CRUISE LINE® 10-, 11-, 12-, AND 14-NIGHT CRUISES


Notice of Cancellation Category 4-11 Stateroom Penalty per Person* 90 or more Days All Reservation Points returned to the appropriate Use Year or 100% of cash payment made is returned 89 – 45 Days 86 Reservation Points or $600.00 of the cash payment made 44 – 15 Days 50% of Reservation Points or 50% of the cash payment made 14 – 0 Days All Reservation Points or all of the cash payment made

*The $95.00 transaction fee is non-refundable.

Rev. 2/11/2009 25

EXHIBIT D (continued) CONCIERGE COLLECTION CANCELLATION POLICY FOR RESERVATION POINTS — PER ROOM RESERVED

Resort Cancellation Notice Reservation Points Forfeited

The Fairmont San Francisco The Grove Park Inn Resort & Spa Hotel del Coronado Loews Regency Hotel Mandarin Oriental, Washington D.C. Resort at Squaw Creek* Royal Garden Hotel Topnotch Resort and Spa The Whitehall Hotel

7 or less days before check-in

1 Night’s Reservation Points

Grand Wailea Resort Hotel & Spa* The Sagamore

14 or less days before check-in

2 Night’s Reservation Points

Keystone Resort* 30 or less days before check-in All Night’s Reservation Points

*Cancellation guidelines during select U.S. holidays may vary. Contact Member Services for more details.

If the DVC Member or Guest fails to otherwise completely use the Travel Program option without notifying DVD, the DVC Member or Guest is not entitled to request or receive other Travel Program options or resort rooms in substitution. In addition, if a DVC Member or Guest checks out of accommodations at a Concierge Collection location reserved through the Travel Program prior to the end of the reserved period, the DVC Member and/or Guest is not entitled to request or receive other accommodations at any Concierge Collection destination. In no event shall a DVC Member or Guest be entitled through the Travel Program to occupy the DVC Accommodations assigned to DVD.

9. ASSIGNMENT OF RESORT ACCOMMODATIONS TO DVD. By accepting a confirmed reservation for a Travel Program option, the DVC Member irrevocably assigns to DVD all occupancy use and other rights associated with the DVC Accommodations reserved by the DVC Member by utilizing a certain number of the DVC Member's allocated Vacation Points. DVD shall have the right to use the DVC Accommodations assigned to it, to assign or transfer use of such DVC Accommodations to any other person, to change or modify the reservation for such DVC Accommodations, and/or to rent the DVC Accommodations to any other person and retain the proceeds of such rental. The DVC Member who has assigned the DVC Accommodations to DVD in exchange for a Travel Program shall not be entitled to any rental or other compensation in the event the DVC Accommodations are rented or otherwise transferred for compensation by DVD.

10. PROGRAM CHANGES AND AMENDMENTS. DVD reserves the right to amend the terms and conditions of this Travel Program at any time, in its sole discretion, without prior notice to or permission from any DVC Member. DVD reserves the right to modify, supplement, or terminate the Travel Program at any time, in its sole discretion, without prior notice to or permission from any DVC Member, subject to the obligation on the part of DVD to honor reservations for Travel Program options confirmed prior to termination. The continued availability of the Travel Program is not necessary in order for any accommodation or facility of any DVC Resort to be available for use by DVC Members.

Rev. 2/11/2009 26

RECEIPT FOR MEMBER BENEFITS GUIDE By execution below, the Purchaser acknowledges receipt of the Disney Vacation Club Member Benefits Guide which describes the following programs: (1) Disney Vacation Club World of Golf Program, (2) Disney Vacation Club World of Attractions Program, (3) Special Programs Option, (4) Disney Collection Program, (5) Disney Vacation Club Travel Program and (6) PreOpening Program. Resort Hotels, accommodations and services available through the above list of programs, including their respective facilities and amenities, are not accommodations, as defined in §721.05(1), Florida Statutes, of the condominiums or the vacation ownership plan. These special programs may be modified, supplemented or terminated at any time by the provider without notice to, or the consent of any Purchaser. Use of, or participation in, these special programs is completely voluntary and payment of any fee(s) or other cost(s) associated with these special programs is required only upon such use or participation. The products or services constituting these special programs are not assignable or otherwise transferable by a Purchaser and may not be resold. No cost(s) of operation, maintenance or repair of any properties or services available as part of or in conjunction with these special programs is passed on to a Purchaser as part of the Purchaser’s assessment for common expenses of the condominium. The continued availability of any or all of these special programs is not necessary in order for any accommodation or facility of the condominiums or the vacation ownership plan to be available for use by Purchasers of the vacation ownership plan in a manner identical in all material respects to that set forth in the Public Offering Statement. Certain of the Member benefits described in this Guide including, Special Programs Option, Adventurer Collection and Concierge Collection, as described herein, are provided by independent entities not affiliated with DVD, DVCMC or any of their affiliates, which independent entities shall be solely responsible for all aspects of the applicable member benefit. Furthermore, the relationship of DVD, DVCMC or any of their affiliates to any third provider, as aforesaid, is governed by an agreement or arrangement which limits DVD's, DVCMC's or their affiliates' role to that of reservation booking facilitator. Accordingly, neither DVD, DVCMC nor any of their affiliates shall at any time be liable or responsible whatsoever for any loss, injury or damage arising from any benefits, services or products provided by any third party through any of the special programs described in this Guide, whether caused by acts of God, acts of governments or other authorities, wars, civil disturbances, hijacks, terrorism, theft, intentional, or negligent acts of any third party or any other cause whatsoever. All information provided is believed to be true and correct at the time of printing; however, neither DVD nor any of its affiliates shall be responsible for any errors or omissions appearing in this Guide. IN THE EVENT THAT ANY OF THESE PROGRAMS BECOME UNAVAILABLE AS A RESULT OF EVENTS BEYOND THE CONTROL OF THE DEVELOPER, THE DEVELOPER RESERVES THE RIGHT TO SUBSTITUTE A REPLACEMENT INCIDENTAL BENEFIT OF A TYPE, QUALITY, VALUE, AND TERM REASONABLY SIMILAR TO THE UNAVAILABLE INCIDENTAL BENEFIT. THE PROGRAMS DESCRIBED IN THIS MEMBER BENEFITS GUIDE ARE INCIDENTAL BENEFITS AS DEFINED IN §721.075, FLORIDA STATUTES AND ARE OFFERED TO PROSPECTIVE PURCHASERS IN THE VACATION OWNERSHIP PLAN. THESE PROGRAMS ARE AVAILABLE FOR YOUR USE FOR A PERIOD OF 3 YEARS OR LESS AFTER THE FIRST DATE THAT THE VACATION OWNERSHIP PLAN IS AVAILABLE FOR YOUR USE. THE AVAILABILITY OF THESE PROGRAMS MAY OR MAY NOT BE RENEWED OR EXTENDED. YOU SHOULD NOT PURCHASE AN OWNERSHIP INTEREST IN THE VACATION OWNERSHIP PLAN IN RELIANCE UPON THE CONTINUED AVAILABILITY OR RENEWAL OR EXTENSION OF THESE SPECIAL PROGRAMS.

The foregoing is acknowledged on: Date

Purchaser Purchaser

Purchaser Purchaser

Purchaser Purchaser

Rev. 2/11/2009 27

Member Benefits Guide - Disney Vacation Club · 2018-11-15 · Disney Vacation Club Member Benefits...

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