Elite Alliance

Elite Alliance Report of Key Operating Exchange Statistics 2018

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The Elite Alliance, LLC Notes to Report of Key Operating Exchange Statistics 1. Summary of Significant Accounting Policies The accompanying Report of Key Operating Exchange Statistics of The Elite Alliance exchange program (the "Program") includes the exchange statistics of The Elite Alliance, LLC (the "Company"), a Texas limited liability company, as of and for the year ended December 31, 2018. The statistics reflected in the Report of Key Operating Exchange Statistics have been computed and are disclosed in accordance with Sections 721.18(1)(q) and (r) of the Florida Vacation Plan and Timesharing Act. 2. Description of Company The Program was established to facilitate the exchange of accommodations between members of prestigious residence clubs and luxury professionally managed homes (the "Residence Clubs") that meet the standards of and are affiliated with the Program. At December 31, 2018, the Program had 69 participating Residence Clubs. 3. Membership Purchasers of an ownership interest in a participating Residence Club are given the voluntary opportunity to participate in the Program. Members are currently charged an annual membership fee and a transaction fee for each exchange. A member's participation in the Program is dependent upon the continued affiliation of the Program with the Residence Club from which the member's ownership interest was purchased. 4. Exchange Requests All exchanges are based on availability. Accordingly, the Program does not guarantee that members will receive a specific exchange choice. In order to make an exchange, members must: a. Secure a vacation at the Residence Club from which the member purchased their ownership interest and deposit the secured vacation with the Program in accordance with procedures provided in the membership agreement and by the Company. Once a vacation has been deposited into the Program, Elite Credits are awarded. Elite Credits may vary from Residence Club to Residence Club and are determined based on seasonality, destination and bedroom category. b. Accept an alternate vacation in accordance with procedures provided in the membership agreement and by the Company and submit the exchange fee, so long as the member has the proper amount of Elite Credits within their member account. Elite Credits expire twenty-four (24) months from the date the member deposits a vacation into the Program. If a member does not accept an alternate vacation within such twenty- four (24) month period, the member will no longer be able to redeem their Elite Credits. When accepting a vacation, should a member have insufficient Elite Credits in their account, the member may purchase additional Elite Credits. A member may cancel an accepted vacation by providing written notice to

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