Arizona
The Ritz-Carlton Club, Aspen Highlands, 39 Boomerang Rd., Aspen, CO 81611; The Ritz-Carlton Club, Bachelor Gulch, 100 Bachelor Ridge Trail, Avon, CO 81620; The Ritz-Carlton Club, Kapalua Bay and Kapalua Bay Condominium (The Residences at Kapalua Bay), One Bay Dr., Lahaina, HI 96761, The Ritz-Carlton Club, Lake Tahoe, Crossroads at Highlands Drive and Private Resort Road, North Lake Tahoe, CA, The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites, St. Thomas are registered projects with the State of Arizona Department of Real Estate.

This advertising material is being used for the purpose of soliciting the sale of a vacation ownership plan. The other projects referenced within this site are not considered an offer to Arizona residents.

California
The Ritz-Carlton Club, Aspen Highlands; Makalil’i Condominium (The Ritz-Carlton Residences at Kauai Lagoons, Kapule Highway, Kalapaki, Kauai, HI. Kalanipu’u Condominium (The Spa Condos at Kauai Lagoons), Kapule Highway, Kalapaki, Kauai, HI, The Ritz-Carlton Club, Kapalua Bay, One Bay Dr., Lahaina, HI 96761; Kapalua Bay Condominium (The Residences at Kapalua Bay),The Ritz-Carlton Club, Lake Tahoe, Crossroads at Highlands Drive and Private Resort Road, North Lake Tahoe, California; The Ritz-Carlton Club, San Francisco, 690 Market St., San Francisco, CA 94104; and The Ritz-Carlton Residences, San Francisco, 690 Market St., San Francisco, CA 94104 are registered projects with the State of California Department of Real Estate. A fact sheet on facilities including association assessments is available upon request.

The Ritz-Carlton Club and Residences, San Francisco, is not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. R.C. Chronicle Building, LP, in which an affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest, uses the Ritz-Carlton trademarks under a license from The Ritz-Carlton Hotel Company, L.L.C. which may be terminated or revoked according to its terms.

Kapalua Bay Condominium (The Residences at Kapalua Bay), One Bay Dr., Lahaina, HI 96761, is a registered project with the State of California Department of Real Estate. Warning, the California Department of Real Estate has not inspected, examined, or qualified this offering. The Ritz-Carlton Club, Kapalua Bay, is currently under construction and has a proposed completion date of [insert last possible date of completion]. The Ritz-Carlton Club, Kapalua Bay, is not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. An affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest in Kapalua Bay, L.L.C., the Developer, and The Ritz-Carlton Club, Kapalua Bay will be managed by The Ritz-Carlton Development Company, Inc. Kapalua Bay, L.L.C. uses the Ritz-Carlton trademarks under a license from The Ritz-Carlton Hotel Company, L.L.C. which may be terminated or revoked according to its terms.

The Ritz-Carlton Club, St. Thomas, 6900 Great Bay, St. Thomas, USVI 00802, is not a registered project with the California Department of Real Estate. WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS, CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR THE AVAILABILITY OF WATER, SERVICES, UTILITIES, OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE COUNTRY WHERE THIS SUBDIVISION IS SITUATED.

The other projects referenced within this site are not considered an offer to California residents.

Colorado
The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Jupiter, 106 Ritz Carlton Club Dr., Jupiter, FL 33477, The Ritz-Carlton Club, Kapalua Bay, One Bay Dr., Lahaina, HI 96761, The Ritz-Carlton Club, Lake Tahoe, Crossroads at Highlands Drive and Private Resort Road, North Lake Tahoe, California; The Ritz-Carlton Club, St. Thomas;,The Ritz- Carlton Club Suites, St. Thomas, The Ritz-Carlton Club, San Francisco and The Ritz-Carlton Club, Vail are registered projects with the Colorado Real Estate Commission. The other projects referenced within this site are not considered an offer to Colorado residents.

Connecticut
The Ritz-Carlton Club, Abaco, The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Jupiter; The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites, St. Thomas are registered projects with the Connecticut Real Estate Commission. This advertising material is being used for the purpose of soliciting the sale of time-share periods. Any names and addresses acquired will be used for the purpose of soliciting the sale of a vacation ownership plan. The other projects referenced within this site are not considered an offer to Connecticut residents.

Florida
The Ritz-Carlton Club, Abaco, The Ritz-Carlton Club, Aspen Highlands, The Ritz-Carlton Club, Bachelor Gulch, The Ritz-Carlton Club, Jupiter; The Ritz-Carlton Club, Lake Tahoe; and The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites St Thomas; The Ritz-Carlton Club, Vail are registered projects with the Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes.

This advertising material is being used for the purpose of soliciting the sale of time-share periods.

Villas at Eagle Tree Condominium, 106 Ritz-Carlton Club Drive, Jupiter, Florida 33477, is a registered project with the Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes.

The other projects referenced within this site are not considered an offer to Florida residents.

Georgia
The Ritz-Carlton Club, Abaco, will be located at Marsh Harbour, Abaco Bahamas
The other projects referenced within this site are not considered an offer to Georgia residents.

Hawaii
The Ritz-Carlton Club, Kapalua Bay, is currently under construction and has a proposed completion date of [insert last possible date of completion]. The Ritz-Carlton Club, Kapalua Bay, is not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. An affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest in Kapalua Bay, L.L.C., the Developer, and The Ritz-Carlton Club, Kapalua Bay will be managed by The Ritz-Carlton Development Company, Inc. Kapalua Bay, L.L.C. uses the Ritz-Carlton trademarks under a license from The Ritz-Carlton Hotel Company, L.L.C. which may be terminated or revoked according to its terms.

The Ritz-Carlton Residences at Kapalua Bay are urrently under construction and has a proposed first phase occupancy date of [insert date]. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS AD AND TO THE DOCUMENTS FURNISHED BY THE DEVELOPER TO A BUYER OR LESSEE. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of the property. The Ritz-Carlton Residences at Kapalua Bay and are not owned or developed by The Ritz-Carlton Hotel Company, L.L.C. An affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest in Kapalua Bay, L.L.C., the Developer, and The Ritz-Carlton Residences at Kapalua Bay will be managed by The Ritz-Carlton Development Company, Inc. Kapalua Bay, L.L.C. uses The Ritz-Carlton trademarks under a license from The Ritz-Carlton Hotel Company, L.L.C. which may be terminated or revoked according to its terms.

Makalil’i Condominium (The Ritz-Carlton Residences at Kauai Lagoons), Kapule Highway, Kalapaki, Kauai, HI. The Ritz-Carlton Development Company, Inc. is the broker. (B). The Ritz-Carlton Residences, Kaua’i Lagoons are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. Kaua’i Lagoons LLC, in which an affiliate of The Ritz-Carlton Hotel Company, L.L.C. owns an interest, uses The Ritz-Carlton marks under license from The Ritz-Carlton Hotel Company, L.L.C.

Kalanipu’u Condominium (The Spa Condos at Kauai Lagoons), Kapule Highway, Kalapaki, Kauai, HI. The Ritz-Carlton Development Company, Inc. is the broker. (B).

The other projects referenced within this site are not considered an offer to Hawaii residents.

Illinois
The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Jupiter; Kapalua Bay Condominium (The Residences at Kapalua Bay),The Ritz-Carlton Club, Lake Tahoe, The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites St Thomas;; The Ritz-Carlton Club, San Francisco, and the Ritz-Carlton Cub Vail are registered projects with the Illinois Real Estate Commission. Any acquired names and addresses may be used for soliciting sales of timeshare periods. THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIMESHARE INTERESTS. The other projects referenced within this site are not considered an offer to Illinois residents.

Indiana
The Ritz-Carlton Club, St. Thomas is a registered project with the Indiana Consumer Protection Division. The other projects referenced within this site are not considered an offer to Indiana residents.

Massachusetts
The Ritz-Carlton Club, Abaco The Ritz-Carlton Club, Aspen Highlands The Ritz-Carlton Club, Jupiter The Ritz-Carlton Club, Kapalua Bay The Ritz-Carlton Club, Lake Tahoe, The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites St Thomas;; The Ritz-Carlton Club, San Francisco and the Ritz-Carlton Club Vail are registered project with the Board of Registration of Real Estate Brokers.
The other projects referenced within this site are not considered an offer to Massachusetts residents.

New Jersey
The Ritz-Carlton Club, Abaco,(N.J. Reg No. ??/?-???, The Ritz-Carlton Club, Aspen Highlands (N.J. Reg. No. 00/3-111); The Ritz-Carlton Club, Bachelor Gulch (N.J. Reg. No. 01/3-112); The Ritz-Carlton Club, Jupiter (N.J. Reg. No. 02/4-901); The Ritz-Carlton Club, Lake Tahoe, Crossroads at Highlands Drive and Private Resort Road, North Lake Tahoe, California;and The Ritz-Carlton Club, St. Thomas (N.J. Reg. No. 00/25-004), The Ritz-Carlton Club Suites St Thomas and The Ritz-Carlton Club, Vail (N.J. Reg No. 08/03-0048;; are registered projects with the New Jersey Real Estate Commission. The other projects referenced within this site are not considered an offer to New Jersey residents.

Nevada
Kapalua Bay Condominium (The Residences at Kapalua Bay) The Ritz-Carlton Club, San Francisco is located in the State of California; The Ritz-Carlton Club, Lake Tahoe,;The State of Nevada, Department of Business and Industry, Real Estate Division. This advertising material is being used for the purpose of soliciting the sales of timeshare periods in the state of California. The other projects referenced within this site are not considered an offer to Nevada residents.

New York
As of January 2009, the prices of the Timeshare Intervals for the following resorts are as follows: The Ritz-Carlton Club, Aspen Highlands range from $$180,000 to $530,000; The Ritz-Carlton Club, Jupiter $238,000 to $895,000, The Ritz-Carlton Club, Kapalua Bay $276,000 to $817,000, The Ritz-Carlton Club, San Francisco range from $1,214,043 to $5,420,000 and The-Ritz Carlton Club, St. Thomas range from $26,000 to $313,000 and the Ritz-Carlton Club Suites St Thomas range from $125,000 to $313,000;. Prices are subject to change. These are all registered projects with the Real Estate Financing Bureau, Department of Law. The other projects referenced within this site are not considered an offer to New York residents.

THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR.

THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIMESHARE SALES.

Ohio
The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Jupiter; The Ritz-Cartlon Club, and The Ritz-Carlton Club Suites St. Thomas The Ritz-Carlton Club, Vail are registered projects with the Ohio Division of Real Estate. The other projects referenced within this site are not considered an offer to Ohio residents.

Oregon
The Ritz-Carlton Club, Kapalua Bay is a registered project with the State of Oregon Real Estate Agency. The other projects referenced within this site are not considered an offer to Oregon residents

Puerto Rico
The Ritz-Carlton Club, St. Thomas, and the Ritz-Carlton Club Suites St Thomas; is a registered project with the Puerto Rico Tourism Company. THIS ADVERTISING MATERIAL IS BEING USED FOR THE PURPOSE OF SOLICITING THE SALE OF TIME-SHARE PERIODS. The other projects referenced within this site are not considered an offer to Puerto Rico residents.

Rhode Island
The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Jupiter and The Ritz-Carlton Club, St. Thomas are registered projects with the Rhode Island Securities Division. The other projects referenced within this site are not considered an offer to Rhode Island residents.

South Carolina
The Ritz-Carlton Club, Jupiter is a registered project with the South Carolina Real Estate Commission. Any acquired names and addresses may be used for soliciting sales of timeshare periods. This advertising material is being used for the purpose of soliciting the sale of a vacation time sharing plan. The other projects referenced within this site are not considered an offer to South Carolina residents.

Tennessee
The Ritz-Carlton Club, Aspen Highlands a registered project with the Tennessee Real Estate Commission The other projects referenced within this site are not considered an offer to Tennessee residents.

Texas
The Ritz-Carlton Club, Aspen Highlands; The Ritz-Carlton Club, Bachelor Gulch; The Ritz-Carlton Club, Lake Tahoe, Crossroads at Highlands Drive and Private Resort Road, North Lake Tahoe, California;The Ritz-Carlton Club, St. Thomas and the Ritz-Carlton Club Suites St Thomas;; The Ritz-Carlton Club, San Francisco, The Ritz-Carlton Club, Vail are registered projects with the Texas Real Estate Commission. This advertising material is being used for the purpose of soliciting the sale of time-share periods. The other projects referenced within this site are not considered an offer to Texas residents.

Washington
The Ritz-Carlton Club, Kapalua Bay; The Ritz-Carlton Club, San Francisco, is a registered project with the Washington Department of Licensing.The other projects referenced within this site are not considered an offer to Washington residents.