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69TH AMENDMENT
THIRTIETH AMENDMENT TO THE TIllRD AMENDED AND RESTATED OFFERING PLAN THE VILLAS AT TREE TOPS BUSBffi3LL,PENNSYLVANIA
This Amendment modifies and supplements the terms of the Third Amended and Restated Offering Plan filed June 18, 2002, the First Amendment to the Third Amended and Restated Offering Plan filed December 18, 2002, the Second Amendment to the Third Amended and Restated Offering Plan filed May 19, 2003, the Third Amendment to the Third Amended and Restated Offering Plan filed November 20, 2003, the Fourth Amendment to the Third Amended and Restated Offering Plan filed February 2,2004, the Fifth Amendment to the Third Amended and Restated Offering Plan filed July 28, 2004, the Sixth Amendment to the Third Amended and Restated Offering Plan filed January 7, 2005, the Seventh Amendment to the Third Amended and Restated Offering Plan filed June 21, 2005, the Eighth Amendment to the Third Amended and Restated Offeting Plan filed December 15, 2005, the Ninth Amendment to the Third Amended and Restated Offering Plan filed June 8, 2006, the Tenth Amendment to the Third Amended and Restated Offering Plan filed December 8, 2006, the Eleventh Amendment to the Third Amended and Restated Offering Plan filed December 15, 2006, the Twelfth Amendment to the Third Amended and Restated Offering Plan filed May 31, 2007, the Thirteenth Amendment to the Third Amended and Restated Offering Plan filed November 27, 2007, the Fourteenth Amendment to the Third Amended and Restated Offering Plan filed April 23, 2008, the Fifteenth Amendment to the Third Amended and Restated Offering Plan filed October 22, 2008, the Sixteenth Amendment to the Third Amended and Restated Offering Plan filed April 16, 2009, the Seventeenth Amendment to the Third Amended and Restated Offering Plan filed October 7, 2009, the Eighteenth Amendment to the Third Amended and Restated Offering Plan filed March 30, 2010, the Nineteenth Amendment to the Third Amended and Restated Offering Plan filed September 29,2010, the Twentieth Amendment to the Third Amended and Restated Offering Plan filed March 17,2011, the Twenty-First Amendment to the Third Amended and Restated Offering Plan filed August 17,2011, the Twenty-Second Amendment to the Third Amended and Restated Offering Plan filed February 10,2012, the Twenty-Third Amendment to the Third Amended and Restated Offering Plan filed July 10, 2012, the Twenty-Fourth Amendment to the Third Amended and Restated Offering Plan filed on December 20,2012, the Twenty-Fifth Amendment to the Third Amended and Restated Offering Plan filed on June 4, 2013, the Twenty-Sixth Amendment to the Third Amended and Restated Offering Plan filed on December 5, 2013, the Twenty-Seventh Amendment to the Third Amended and Restated Offering Plan filed on October 2, 2014, the TwentyEighth Amendment to the Third Amended and Restated Offering Plan filed on December 18, 2014, the Twenty-Ninth Amendment to the Third Amended and Restated Offering Plan filed on May 29, 2015 and should be read in conjunction with said Third Amended and Restated Offering Plan (the ''Plan''), the First Amendment to the Third Amended and Restated Offering Plan, the Second Amendment to the Third Amended and Restated Offering Plan, the Third Amendment to the Third Amended and Restated Offering Plan, the Fourth Amendment to the Third Amended and Restated Offering Plan, the Fifth Amendment to the Third Amended and Restated Offering Plan, the Sixth Amendment to the Third Amended and Restated Offering Plan, the Seventh Amendment to the Third
Amended and Restated Offering Plan, the Eighth Amendment to the Third Amended and Restated Offering Plan, the Ninth Amendment to the Third Amended and Restated Offering Plan, the Tenth Amendment to the Third Amended and Restated Offering Plan, the Eleventh Amendment to the Third Amended and Restated Offering Plan, the Twelfth Amendment to the Third Amended and Restated Offering Plan, the Thirteenth Amendment to the Third Amended and Restated Offering Plan, the Fourteenth Amendment to the Third Amended and Restated Offering Plan, the Fifteenth Amendment to the Third Amended and Restated Offering Plan, the Sixteenth Amendment to the Third Amended and Restated Offering Plan, the Seventeenth Amendment to the Third Amended and Restated Offering Plan, the Eighteenth Amendment to the Third Amended and Restated Offering Plan, the Nineteenth Amendment to the Third Amended and Restated Offering Plan, the Twentieth Amendment to the Third Amended and Restated Offering Plan, the Twenty-First Amendment to the Third Amended and Restated Offering Plan, the Twenty-Second Amendment to the Third Amended and Restated Offering Plan, the Twenty-Third Amendment to the Third Amendeq and Restated Offering Plan, the Twenty-Fourth Amendment to the Third Amended and Restated Offering Plan, the Twenty-Fifth Amendment to the Third Amended and Restated Offering Plan, the Twenty-Sixth Amendment to the Third Amended and Restated Offering Plan, the Twenty-Seventh Amendment to the Third Amended and Restated Offering Plan, the Twenty-Eighth Amendment to the Third Amended and Restated Offering Plan and the Twenty-Ninth Amendment to the Third Amended and Restated Offering Plan.
The terms of this Amendment are as follows:
1. Extension of Term
The Plan is hereby extended for six (6) months.
2. Updated Budget
The Budget for the Villas at Tree Tops for the period January 1,2016 to December 31,2016 is set forth herein as Exhibit A. The Certification of Expert as to Adequacy of Budget is attached hereto as Exhibit B.
3. Annual Membership Dues
The annual Membership Dues for Purchasers of Fixed-Time and Floating-Time Villa Vacation Plans for the 2016 calendar year are $710.00. The annual Membership Dues for Purchasers of One-Week, Flex-Time Villa Vacation Plans for the 2016 Calendar Year are $725.00. The annual Membership Dues for Purchasers of Alternate Year Villa Vacation Plans for the 2016 calendar year are one-half of the then current annual Membership Dues for a One-Week Villa Vacation Plan (presently either $710.00 or $725.00). The annual Membership Dues for Purchasers of Two-Week, Flex-Time Villa Vacation Plans for the 2016 calendar year are $1,455.00.
4. Board of Directors
The members of the Board of Directors of the Sponsor are W. Andrew Worthington and Thomas V. Casale. Mr. Worthington has been a director of the Sponsor since January 15,
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1999. Mr. Worthington is also President and Chief Executive Officer of the Sponsor. Mr. Casale has been a director of the Sponsor since March 20,2000. Mr. Casale is also Vice President, Secretary and General Counsel of the Sponsor. See the "Identity of Parties" section of the Offering Plan at Pages 73 and 74.
The Purchasers of Villa Vacation Plan will have no rights to operate or manage the Project. The Purchaser will acquire no interest in the Property and will have no voting or other rights to influence the policies or decisions of the Sponsor or its affiliates either with respect to the Project or the Resort Facilities.
5. Calendar of Intervals
Exhibits K -1 through K -3 as contained in Part II of the Offering Plan are hereby amended to replace same with updated calendars of intervals for the four (4) year period of January 1, 2014 through December 31, 2018 which are attached hereto as Exhibit C.
6. SoldlUnsold Unit Weeks
As of August 31, 2015, the Sponsor has sold approximately ten thousand three hundred sixty~two and one-half (10,362.5) Unit Weeks to residents of the Commonwealth of Pennsyl vania, the State of New Jersey and the S tate of New York. There are currently approximately six thousand three hundred eighty-one and one-half (6,381.5) Unit Weeks which are unsold.
7. Status of Construction
All of the Villas in which Time-Share Interests are being offered for sale under the Plan have been completed. There have been no changes in the status of constmction of the Villas or the Resort Facilities since the filing of the Sixty Eighth Amendment (Designated as the Twenty-Ninth Amendment to the Third Amended and Restated Offering Plan).
8. Definitions
All tenns used in this Amendment, not otherwise deflned herein, shall have the same meanings ascribed to them in the Plan.
9. No Material Changes
Except as set forth in this Amendment, there have been no material changes to the Plan.
10. Incotporation of Plan
The Plan, as modified and supplemented hereby, is incorporated herein by reference with the same effect as if set forth at length.
Dated: Kearny, New Jersey November 12, 2015
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Sponsor: Tree Tops, Inc.
SCHEDULE "B"
The Villas at Tree Tops
Projected Budget For Timesharing Plan
January 1,2016 to December 31,2016
Income annual Membership Dues (1) payment by Sponsor (2) amenity income (3)
Total Income (14)
Expenses
Other
labor and benefits (4) utilities (electricity and gas) (5) water charges and sewer rents (6) repairs, maintenance and supplies (7) insurance (8) management fees (9) legal fees and audit fees real estate taxes (10)
cable (11) waste disposal laundry (12) housekeeping contract services (15) telephone (13) recreation marketing rental
Total Expenses (14)
EXHIBIT A
6,062,000 413,166 222,000
6,697,166
1,495,512 1,100,000
315,000 1,853,000
332,000 0,000
55,000 703,000
76,467 88,443
325,000 2,110,744
70,000 171,000
(1,998,000)
6,697,166
FOOTNOTESTOSCHEDULE"B"
1. Annual Membership Dues. This projected Budget is for the twelve-month operating period of the Project, ending December 31, 2016. Membership Dues will be assessed on a per Villa Vacation Plan basis. This projected Budget assumes completion, use and occupancy of322 constructed Villas as of December 31,2015 and 10,451 Unit Weeks sold as of September 30, 2015. Annual Membership Dues are not fixed and will rise over time as the cost of operating the Project increases. The annual Membership Dues for Purchasers of Fixed-Time or Floating-Time Villa Vacation Plans for the 2016 calendar year are $710. The annual Membership Dues for Purchasers of One-Week, Flex Time Villa Vacations Plans for 2016 are $725. Annual Membership Dues for Purchasers of Alternate Year Villa Vacation Plans are onehalf of the then current annual Membership Dues for a one-week Villa Vacation Plan (presently $710 or $725). Annual Membership Dues for Purchasers of Two-Week, Flex-Time Villa Vacation Plans for 2016 are $1,455. This projected Budget assumes an average collection rate of $580 per Unit Week and is based on the prior experience of Sponsor. See, "Rights and Obligations of Timeshare Owners," Page 54.
The Sponsor may increase the Membership Dues per Villa Vacation Plan annually in its discretion. The percentage increase cannot exceed the greater of the annual percentage increase in the Consumer Price Index for all urban consumers for the New York area for the immediately preceding year as reported by the U.S. Department of Labor, Bureau of Labor Statistics, plus, an adjustment for electrical and propane cost not to exceed 10% of the prior year cost or 10% of the prior year's Membership Dues.
2. Payment by Sponsor. If the actual costs of operation and maintenance of the Property as described above exceed the aggregate Membership Dues due for Villa Vacation Plans sold, plus amenity income, then the Sponsor is responsible for paying any shortfall. However, the Sponsor may increase the Membership Dues per Villa Vacation Plan annually in its discretion as it sees fit. No bond or other security has been furnished to secure the perfonnance of the Sponsor's obligations. The ability of the Sponsor to perform its obligations will depend upon its financial condition at the time it is called upon to perform. The Sponsor has no obligation to pay annual Membership Dues on unsold Villa Vacation Plans.
3. Amenity Income. In addition to annual Membership Dues, Villa Vacation Plan Owners are charged for use of various amenities. The charges for said amenities are outlined in "Schedule C - Amenity Fees" at Page 65 and in "Schedule D - Resort Facilities" at Page 66.
4. Labor. Labor projections are based on the Sponsor employing personnel on hourly and fixed salaries:
Property Management -
1 director (full time) 5 office staff (full time)
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$ 62,222 $142,368
Recreation -
1 Director (full time) 3 pool attendants (2 fulIlI part time) 11 recreation staff (6 fulllS part time)
Housekeeping -
1 manager (full time) 4 maid service (full time)
Property maintenance -
1 manager (full time) 21 hourly services (full time)
$ 24,960 $ 56,908 $159,120
$29,000 $79,924
$ 53,900 $519,729
The amount stated for payroll taxes, benefits and insurance is computed upon the following percentages of base salaries:
Pennsylvania state unemployment insurance Federal unemployment insurance Workmen's compensation Social security Federal Medicare Medical benefits
6.4795% .006% 6.09% 6.20% 1.45%
12.34%
32.5655%
All employees are non-union. The foregoing wage rates do not violate applicable minimum wage laws.
5. Utilities. All Units are gas/electric heated, electrically cooled and all appliances are operated by electricity. Electricity is supplied by General Public Utilities. The Budget reflects the current charge per kilowatt hour, plus customer charges, 6% tax and reasonably anticipated increases. In addition, the Budget reflects the estimated electric consumption for the common areas and the proportionate share of the electricity expense for the Resort Facilities and operations offices.
The estimated amount of propane gas usage is based upon prior experience of the Sponsor as to each Villa's annual usage. The clubhouse and swimming pool complex consume propane also.
6. Water charges and Sewer rents. This projection is based on a proportionate estimate of actual usage charges to the Property plus reasonably anticipated increases.
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7. Repairs, maintenance and supplies. The material components of the expense for repairs and maintenance includes interior repairs, roofing, exterior repairs including walls, foundations, windows, doors and locks, repairs to heating systems including fuel burners, decks, boilers, pipes and radiators, plumbing, electrical, pest extermination, grounds maintenance including snow removal, gardening and landscaping, janitorial supplies, furniture and fixture replacement (on an as needed basis), and painting of common areas.
8. Insurance. The projected cost of insurance insuring the interest of the Sponsor, is based on Blanket All Risk coverage as follows:
Item Covered Amount
Buildings $68,055,000*
Building contents 5,649,000*
Comprehensive 1,000,000**
general liability
Umbrella liability 10,000,000**
* $ 25,000 per occurrence deductible **$100,000 per occurrence deductible
Exposure Insured Against
Fire, all risk, extended coverage (exclusive of terrorist acts.)
Contents
Personal injuries and property damage, per occurrence Personal injuries and property damage, per occurrence
The foregoing insurance coverage does not include coverage for losses of individual Purchasers. Each Villa Vacation Plan Owner is an additional insured tmder the fire and casualty and general liability policies on the Project.
In the event of damage to or the destruction of a Villa with sold intervals, the Sponsor has agreed to use its best efforts to repair or rebuild the Villa in a reasonable period of time. In the event that a Purchaser is unable to use a Villa due to such damage or destruction, the Sponsor will attempt to make alternative time, which is acceptable to such Purchaser, available to such Purchaser or, in the alternative, shall extend the period of the Purchaser's Villa Vacation Plan to eq ual the amount of time lost by such Purchaser.
The insurance placed by the Sponsor is adequate to replace the Villas in the event of a total loss. Villa Vacation Plan Owners will not be co-insurers of the Villas. Villa Vacation Plan Owners are not given the option to forego repair in order to have insurance proceeds applied to the debt outstanding against their Villa Vacation Plan.
The fire, casualty and general liability insurers waive their SUbrogation rights against Purchasers. No act or omission by a Purchaser will void the insurance policies. There is no prorata reduction in coverage in the event a Purchaser has an individual policy which provides overlapping coverage. Insurance coverage meeting the requirements set forth in this paragraph will be maintained at all times by the Sponsor.
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9. Management Fees. The Sponsor no longer charges a Management Fee but reserves the right to institute this fee again in the future.
10. Real Estate Taxes. The estimated amount is based upon an estimated assessed valuation for the Property. The Township of Middle Smithfield is the assessing authority for real estate taxes. The East Stroudsburg School District is the assessing authority for school taxes.
11. TV Cable. Based upon monthly charge for each Villa.
12. Laundry. All housekeeping, office and laundry supplies are estimated based on the Sponsor's prior experience.
13. Telephone. Each Villa is equipped with a telephone. Telephone service is provided by Verizon Communications.
14. Total Estimated Income and Expenses. The Sponsor is not required to segregate monies for any particular Villa or Villas and may spend monies received in payment of Membership Dues for the benefit of one or more of the Villas or the Property as needed.
15. Housekeeping Contract Services. Sponsor recently elected to outsource housekeeping services to MasterCorp. This is the expected cost for a 12 month period.
CERTIFICATION OF EXPERT AS TO ADEQUACY OF BUDGET PURSUANT TO SECTION 24.4 (D) OF THE REGULATIONS ISSUED PURSUANT
TO GENERAL BUSINESS LAW ARTICLE 23~A, AS AMENDED
Re: The Villas at Tree Tops Bushkill, Pennsylvania
The undersigned certifies as follows:
The Sponsor of the timeshare offering plan of the captioned property retained me to revrew or prepare Schedule B containing projections of Income and expenses for timeshare operation. My experience in this field includes general budgetary preparation for corporate purposes.
I understand that I am responsible for complying with the provisions of Artide 23-A of the General Business Law and the regulations promulgated by the Attorney General in Part 24 insofar as they are applicable to Schedule B.
I have reviewed the Schedule and investigated the facts set forth In the Schedule and the facts underlying it with due diligence in order to form 0 basis for thIs certification.
I certify that the projections in Schedule B appear reasonable and adequate based on present prices (adjusted to reflect continued inflation and present levels of consumption for comparable units similarly situated).
I certify that Schedule B:
(i) sets forth In detail the terms of the transaction as It relates to the Schedule and is complete, current and accurate;
eii) affords potentia! investors, purchasers and participants an adequate basis upon which to found their judgment;
(m) does not omit any material fact;
(iv) does not contain any untrue statement of a material fact;
(v) does not contain any fraud, deception, concealment or suppression;
(vi) does not contaIn any promise or representation as to the future which is beyond reasonable expectation or unwarranted by existing Circumstances;
(vii) does not contain any representation or statement which is false, where I:
(a) knew the truth; (b) with reasonable effort could have known the truth; (c) made no reasonable effolt to ascertain the truth; or
EXHIBIT B
(d) did not have knowledge concerning the representation or statement made.
I further certify that I am not owned or controlled by the Sponsor, except for my being the Treasurer of the Sponsor and a principal of the Sponsorl and that my compensation for preparIng this Certification is not contingent on the success of the offering. I understand that a copy of this Certification Is Intended to be incorporated into the Offering Plan so that prospective purchasers may rely on it.
This certification Is made under penalty of perjury for the benefit of all persons to whom this offer Is made. I understand that violations are subject to the civil and criminal penalties of the General Business Law and Penal Law.
Swam t<a and subscribed before me this 'J-t't\day of November, 2015.
N6tary Public
COMMONWEALTH Of PENNS'(LVANIA Notarial Seal
K1mberla K. Stein, Notary PublIc MIddle smithfield Twp., Monroe County My COmmIsSIon Explres JIJf\e 17. 2016
MEMBER, PEHHSYLVAHlA ASSOOAllON OF NOTARIES
M~ Treasurer TREE TOPS, INC.
Villas at Tree T - I-'lnes t..;a lenaar ~cneaUie
2014 2015 2016 2017 2018 We ek Satur~ay to Saturday to Saturday to Saturday to We ek
Saturday Sa Satu Satu
4·Jan - 11·Jan 3-Jan - 1 a·Jan 7-Jan - 14·Jan 6-Jan
11-Jan - 1a-Jan 10-Jan - 17 ·Jan 9-Jan - 16-Jan 14·Jan - 21·Jan 13·Jan
~an - 2~::.!an 17 -Jan - 24-Jan 16-Jan - 23-Jan 2l-Jan • 28-Jan 20-Jan .. - .. - " "
25-Jan - 1-Feb 24-Jan - 31·Jan 23-Jan • 30-Jan 2a·Jan - 4·Feb 27·Jan
1-Feb - 8-Feb 31·Jan - 7-Feb 30-Jan - 6-Feb 4·Feb - 11..feb 3-Feb • 10-Feb
8-Feb - 15-Feb 7-Feb - 14·Feb 6-Feb - l3-Feb 'Il-Feb • 18-Feb 10-Feb - 17-Feb
15·Feb - 22-Feb 14-Feb - 21·Feb 13-Feb - 20-Feb 1a·Feb - 25-Feb 17-Feb
22·Feb - 1-Mar 21-Feb - 2a-Feb 2D-Feb - 27-Feb 25-Feb - 4·Mar 24-Feb - 3-Mar
1-Mar - ~ar 28-Feb - 7 -Mar 27-Feb • 5-Mar 4-Mar - 11-Mar 3·Mar
8-Ma( - 15-Mar 7 -Mar - 14·Mar S-Mar - 12-Mar 11-Mar - 18-Mar 10-Mar
15-Mar - 22·Mar 14-Mar - 21-Mar 12-Mar • 19-Mar l8-Mar - 25·Mar 17-Mar
22-Mar - 29-Mar 21-Mar - 28~Mar 19-Mar - 26-Mar 25-Mar • 1-Apr
29-Mar - S-Apr 28~Mar - 4-Apr 26-Mar - 2-Apr 1-Apr - a-Apr
5-Apr - 12-Apr ,
4-Apr - l1-Apr 2-Apr - 9-Apr 8·Apr - l5-Apr
12-Apr • 19-Apr 11-Apr - 18-Apr 9-Apr - 16-Apr 15-Apr - 22·Apr
19-Apr • 2S-Apr lS-Apr - 25-Apr l6-Apr • 23-Apr 22-Apr - 29-Apr
26-Apr - 3-May 25-Apr • 2·May 23-Apr - 3D·Apr 29-Ap - 6-May
3·May - 10-May 2-May - 9-May 3D-Apr - 7 -May 6-May - 13-May
10-May - 17-May 9-May - 16-May 7·May • 14·May 13-May - 2D-May
17 -May - 24-May 1S-May • 23-May 14-May • 2l-May 20-May - 27-May
24·May • 3l-May 23-May • 30-May 2l-May - 2S·May 27·May - 3-Jun 26-May
31-t.Jlay - 7-Jun 30-May - 6·Jun 28·May • 4-Jun 3-Jun - 10-Jun 2-Jun
7.Jun - 14-Jun 6-Jun - 13-Jun 4-Jun - l1-Jun to-Jun - 17-Jun 9-Jun
14·Jun - 2l-Jun 13-Jun • 2D-Jun 11-Jun • 18·Jun 17-Jun - 24·Jun l6-Jun
21·Jun - 28·Jun 2D-Jun - 27 -Jun 18-Jun - 25-Jun 24-Jun • l-Jul 23-Jun
28,Jun - 5-Jul 27 -Jun - 4·Jul 2S-Jun • 2·Jul 1-Jul - 6·Jul 30-Jun - 7-Jul - S·Jul - 12-Jul 4-Jul - il-Jul 2-Jul - 9-Jul 8-Jul • l5-Jul 7-Jul
l2-Jul - 19-Ju/ 11·Jul - 16-Jul 9·Jul - 16-Jul 15-Ju/ - 22·Jul 14-Jul
19-Jut - 26.Ju/ 18-Jul • 25-Jul l6-Ju/ - 23·Jul 22·Jul - 29·Jut 21·Jul
26·Jul - 2-Aug 25-Jul - 1·Aug 23·Jul - 30-Ju/ 29-Jut - 5-Aug 28-Ju/
2-Aug - 9-Aug i-Aug - a-Aug 30-J u I - 6-Aug 5-Aug - l2·Aug 4·Aug
9-Aug - 16-Aug a-Aug - 15-Aug 6-Aug - 13-Aug 12-Aug - 19-Aug 11·Aug
l6-Aug - 23·Aug 15-Aug - 22-Aug 13-Aug - 20-Aug 19·Aug - 26-Aug 18-Aug
23-Aug - 3O-Aug 22-Aug - 29-Aug 2D-Aug • 27 -Aug 26-Aug - 2-Sep 25-Aug
3D·Aug - 6-Sep 29-Aug - 5-Sep 27-Aug - 3·Sep 2·Sep - 9-Sep l -Sep
6·Sep - 13-Sep 5-Sep • l2·Sep 3-Sep - 10-Sep 9-Sep - 16-Sep a-sep
13-Sep - 2D-Sep 12-Sep - 19-5ep 1 O-Sap • 1 7 -Sep 16-Sep - 23-Sep l5-Sep
20·Sap - 27 ·Sep 19-5ep - 26-Sep 17 -Sep - 24-Sep 23-Sep - 30-Sep 22-Sep
27·Sep - 4-0ct 26-Sep - 3-0ct 24-Sep • 1-0ct 30·Sep • 7-0c! 29-Sep
4-0ct - 11-Oet 3-0ct - lD-Oet 1-0ct - 8-0ct 7·0ct - 14-0ct
Il·0ct - l8·0ct 1D·Oct - 17 -Oct 8-0ct - 15-0et 14-Oct - 21-Oct 13-0ct Whit.
18-0ct - 25-0el l7-0ct - 24-0ct 15-0et • 22-0et 21-0ct - 28-0ct 2D-Oct Wlllte
25-Qct - l-Nov 24·0ct - 31-0ct 22-0et • 29-0ct 28·0CI - 4-Nov 27-0ct Whila
I ·Nov - 8-Nov 3l-0ct - 7-Nov 29-0ct - 5-Nov 4-Nov • l1-Nov 3-Nov White
8·Nov - 15-Nov 7 -Nov - 14-Nov S-Nov • 12-Nov 11·Nov - "18·Nov IO·Nov While
15·Nov - 22-Nov l4·Nov • 21·Nov 12-Nov - 19-Nov 18-Nov - 25 .. Nov 17-Nov Whit.
22·Nov - 29-Nov 21-Nov - 28·Nov 19·Nov • 26-Nov 25·Nov - 2-Dec 24-Nov White
29·Nov - 6-Dec 28-Nov - 5·Dec 26-Nov • 3-Dee 2-Dec - 9·0ee I-Dec White
6-0ec - 13·0ec 5-Dec • t2-0ee 3-0ec - 1D-Dee g·Dee - 16·Dee 8-Dec Whit.
13-0ec - 20-Dee 12·Dee - 19·Dec 1 D-Dec • 17 -Dec 18-0ec • 23-Dec 15·Dee
20-06c - 27-Dec 19-Dec - 26·Dec 17-Dec - 24-Dec 23-Dee - 30-Dec 22-Dee 27-0ee - 3-Jan 26-Dec - 2·Jan 24-Dec - 31-Dec 30-Dec • S-Jan 29·0ec
, .. ""
EXHIBIT t', : " . C , . I ·
Villas at Tree Tops - Lake and Flex Cluster Calendar Schedule
Week
Number
2014 Sunday
to Sunday
5-Jan - 12-Jan
12-Jan • 19-Jan
19-Jan - 26-Jan
26-Jan - 2-Feb
2-Feb - 9-Feb
9-Feb - 1S-Feb
i6-Feb - 23-Feb
23-Feb • 2·Mar
2-Mar 9-Mar
9-Mar - 1S-Mar
is-Mar 23-Mar
23-Mar - 30-Mar
30-Mar - 6-Apr
6-Apr - i3-Apr
i3-Apr - 20-Apr
20-Apr - 27-Apr
27-Apr - 4-May
4-May - 11-May
11-May - 18-May
i8-May - 2S-May
25-May - i-Jun
1-Jun - 8-Jun
8-Jun - i5-Jun
15-Jun - 22-Jun
22-J un - 29-Jun
2g-Jun - 6-Jul
S-Jul - 13-Jul
13-Jul - 20-Jul
20-Jul - 27-Jul
27-Jul - 3-Aug
3-Aug - 1 O-Aug
10-Aug 17-Aug
17-Aug 24-Aug
24-Aug - 31-Aug
31-Aug - 7-5ep
7 -Sep 14-Sep
14-5ep - 21-Sep
21-5ep - 28-Sep
28-Sep 5-0ct
5-Oct - 12-0el
12-0ct - 19-0ct
19-0ct - 26-0cl
26-0et - 2-Nov
2-Nov - 9-Nov
9-Nov - lS-Nov
16-Nov - 23-Nov
23-Nov - 30-Nov
30-Nov - 7 -Dec
7 -Dec - 14-Dec
14-Dee - 21-Dec
21-Dec 28-0ec
28-Dee - 4-Jan
2015 Sunday
to Sunday
4-Jan • 11-Jan
l1-Jan - 18-Jan
18-Jan - 25-Jan
2S·Jan 1-Feb
1-Feb - 8-Feb
8-Feb - 1S-Feb
lS-Feb - 22-Feb
22-Feb - 1-Mar
1-Mar - 8-Mar
8-Mar • is-Mar
is-Mar - 22-Mar
22-Mar • 29-Mar
290Mar - S-Apr
S-Apr - 12-Apr
12-Apr - 19-Apr
19-Apr 26-Apr
26-Apr - 3-May
3-May - 10-May
10-May - 17-May
17-May - 24-May
24-May - 31-May
31-May • 7-Jun
7-Jun - 14-Jun
l4-JLln - 21-Jun
21-Jun - 28-Jun
28-Jun 5-Jul
S-Jul • 12-Jul
12-Jul - 190Jui
19-Jul - 26-Jul
26-Jul - 2-Aug
2·Aug - 9-Aug
9-Aug - 1S-Aug
1S-Aug - 23-Aug
23-Aug - 30-Aug
30-Aug - 6-Sep
S-Sap - 13-Sep
13-Sep - 20-Sep
20-Sep - 27 -Sep
27-Sep - 4-Oet
4-0ct - 11-0ct
11-0ct - 18-0ct
18-0ct - 2S-0ct
25-0cl - 1-Nov
l-Nov - 8-Nov
8-Nov - 15-Nov
15-Nov - 22-Nov
22-Nov - 29-Nov
29-Nov - 6-Dee
6-Dec - 13-Dec
13-0ec - 20-Dee
20-0ee - 27 -Dec
27-0ec - 30Jan
2016 Sunday
to Sunday
3-Jan - 10·Jan
10-Jan - 17-Jan
17-Jan - 24·Jan
24-Jan - 31-Jan
31-Jan - 7·Feb
7-Feb - 14·Feb
14-Feb - 21-Feb
21·Feb - 28-Feb
28-Feb - 6-Mar
S-Mar - 13-Mar
130Mar - 20-Mar
20-Mar - 27·Mar
27-Mar - 3-Apr
3·Apr - 10-Apr
10-Apr - l7-Apr
17-Apr - 24·Apr
21-Apr - 1-May
1·May - 8-May
8-May - 1S-May
1S-May - 22-May
22-May - 29-May
29-May - 5-Jun
5-Jun - 12-Jun
12-Jun - 19-Jun
19-Jun - 26-Jun
2S-Jun - 3-Jul
3-Jul - 10-Jut
10-Jul - 17-Jul
17-Jul - 24-Jul
24-Jul - 31-Jul
31·Jul - 7-Aug
7-Aug - 14-Aug
14-Aug • 2l,Aug
21·Aug - 28-Aug
28-Aug - 4-5ep
4-Sep - 11-Sep
11-Sep - 18-Sep
1 ~Sep - 2S-Sep
2S-Sep - 2-0et
2-0ct - 9-0ct
9-0ct - 16-0et
16-0ct - 23-0cl
23-0ct - 3D-Oct
30-0ct • 6-Nov
6-Nov - 13-Nov
13-Nov - 20-Nov
20-Nov - 27-Nov
27-Nov 4-0ec
4-Dec - 11-Dec
11-Dec l8-Dec
1S·Dec 25-Dec
25-Dee - 1-Jan
2017 Sunday
to Sunday
i-Jan - B-Jan
S-Jan 15-Jan
1S-Jan - 22-Jan
22-Jan - 290Jan
29-Jan 5-Feb
5-Feb 12-Feb
12-Feb 190Feb
19-Feb 26-Feb
2S-Feb - 5-Mar
5-Mar 12-Mar
12·Mar - 19-Mar
190Mar 2S-Mar
26-Mar - 2-Apr
2-Apr - g-Apr
9-Apr - 1s-Apr
16-Apr • 23-Apr
23-Apr - 30-Apr
30-Apr - 7-May
7-May 14-May
14-May - 21-May
21-May • 28-May
28-May - 4-Jun
4-Jun l1-Jun
11-Jun - 18-Jun
1 B-Jun - 25-Jun
2S-Jun - 2-Jul
2-Jul - 9-Jul
90Jui - l6-Jul
1S-Jul - 23-Jul
23·Jul • 30-Jul
30-Jul - S-Aug
S-Aug - 13-Aug
13-Aug • 20-Aug
20-Aug - 27 -Aug
27 -Aug • 3-Sep
3-Sep 10-Sep
10-Sep • 17-Sep
17-Sep • 24-Sep
24-Sep - 1-0ct
1-0ct - a-Oct
S-Oct - 15-0et
15-0ct - 22-0ct
22-0ct - 29-0et
29-0ct AS-Nov
S-Nov - 12-Nov
12-Nov - 19-Nov
19-Nov - 26-Nov
26-Nov - 3-Dee
3-0ec 10-Dec
1 D-Dec - 17 -Dec
17 -Dec - 24-0ec 24-0ec - 31-0ec
2018 Sunday Week
to Sunday Number
7·Jan - 14-Jan
14-Jan - 21-Jan
21-Jan - 28-Jan
28-Jan - 4-Feb
4-Feb - ll-Feb
11-Feb - 1 B-Feb
i6-Feb - 2S-Feb
25-Feb - 4-Mar
4-Mar - 1l-Mar
11-Mar - 18-Mar
18-Mar 25-Mar
2S-Mar - 1-Apr
1-Apr - 8-Apr
S-Apr - 15-Apr
1S-Apr - 22-Apr
22-Apr - 290Apr
29-Apr - S-May
6-May - 13-May
13-May - 20-May
20-May - 27-May
27-May - 3-Jun
30Jun - 10-Jun
10-Jun - 17-Jun
17 -Jun - 24-Jun
24-Jun - 1-Jul
1-Jul - S-Jul
8-Jul - 15-Jul
15-Jul - 22-Jul
22-Jul - 29-Jul
29-Jul - S-Aug
5-Aug - 12-Aug
12-Aug - 190Aug
19-Aug - 26-Aug
26-Aug - 2-Sep
2-Sep - g-Sep
9-5ep - 16-Sep
16-Sep - 23-Sep
23-Sep - 30-Sep
30-Sep - 7 -Oct
7 -Ocl - 14-0ct
14-0ct - 21-0ct
21-0ct - 28-0ct
28-0ct - 4-Nov
4-Nov - 11-Nov
11-Nov - l8-Nov
lS-Nov - 25-Nov
25-Nov - 2·Dec
2-Dec - g-Dee
9-0ec 1S-Dec
1S-Dec - 230Dec
23-Dee - 30-Dec
30-Dee - 6-Jan
RC.I.
POINTS
Season 3
Season 3
Season 3
Season 3
Season 3
Season 3
Season 2
Season 3
Season 3
Season 4
Season 4
Season 4
Season 4
Season 4
Season 4
Season 4
Season 4
Season 4
Season 3
Season 3
Season 3
Season 3
Season 3
Season 3
Season 3
Season 1
Season 1
Season 1
Season 1
Season 1
Season 1
Season 1
Season 1
Season 2
Season 2
Season 2
Season 3
Season 3
Season 3
Season 3
Season 3
Season 3
Season 4
Season 4
Season 4
Season 4
Season 3
Season 4
Season 4
Season 4
Season 3
Season 1
11/14/2014