EXCHANGE PROCEDURE

CLUB FACTS

MEMBERSHIP AGREEMENT
ARE THERE ANY FEES OR CHARGES REQUIRED TO BE ELIGIBLE TO PARTICIPATE IN DEI?

Yes, Please see the Membership Agreement.

IS THERE A CHARGE WHEN AN EXCHANGE IS CONFIRMED?

Yes, Upon the completion and execution of the Exchange Contract, a fee is due and payable to DEI by each of the owners participating in the exchange.

HOW DO CLUB MEMBERS TAKE ADVANTAGE OF DEI PROGRAMS?

DEI will periodically mail a DEI Portfolio to all DEI participants listing all clubs and other qualifying resorts whose owners are eligible to participate in the exchange program. The Exchange Directory will contain information concerning club locations, residence descriptions, services and amenities to assist in selecting exchange clubs and exchange dates

HOW IS AN EXCHANGE MADE BINDING?

After Dei has matched exchange requests, an Exchange Contract is signed by the exchanging participants and by management representatives at the applicable clubs and resorts.

* ANSWERS TO FRECUENTS

WHAT IS DESTINATION EXCHANGE INTERNATIONAL (DEI)?

Destination Exchange International is a Utah-based limited liability company established to facilitate the exchange of resort accommodations between members of high quality resort residential clubs witch meet the standards of Destination Exchange International.

WHAT IS A "CLUB"?

A club is a shared-ownership real estate development which provides a high level of accommodations, services and amenities at a highly desirable vacation destination.

WHAT SERVICE DOES DEI OFFER?

For eligible club owners/members, DEI offers the opportunity to exchange the use of club accommodations with members of other clubs.

WHO IS ELIGIBLE TO BECOME A PARTICIPANT IN DEI?

Owners/members of qualifying clubs and other qualifying resort developments.

WHAT ARE THE ELIGIBILITY REQUIREMENTS FOR PARTICIPATION IN DEI?

Participants must be owners/members of qualifying clubs and adhere to the policies and procedures of DEI as described in the Membership Agreement