WELCOME

1. WELCOME

2. Deeded Ownership of the Manhattan Club

3. DEFINITION OF A TIMESHARE A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a part-ownership or lease/"right to use" basis, in which the sharer holds no claim to ownership of the property.

4. History The notion of the term "timeshare" was originally created in Europe in the 1960s. Hapimag, a ski resort developer in the French Alps, was experiencing trouble finding customers for his high priced resort. Realizing that coffee shops sold cake only by the slice (since the entire cake was too expensive and could not be consumed at one sitting) he marketed his resort by encouraging guests to "stop renting a room" and, instead, "buy the hotel". Success followed and the concept of partial ownership was embraced by developers worldwide, boosting sales of surplus condominium units at a time when the resort industry was depressed.

5. Due to the promise of exchange, these units, called "vacation ownership" by the industry, often sell regardless of their deeded resort (most are deeded into a certain resort site, though other forms of use do exist). What is not often disclosed is that all differ in trading power. If one is in Hawaii or Southern California it will exchange extremely well; however, those areas are some of the most expensive in the world, subject to demand typical of a highly trafficked vacation area. The vast majority of inventory flows briskly through two international exchange companies: RCI and Interval International

6. Industry Development This concept has attracted many resort developers and prominent hoteliers, such as Starwood, Wyndham, Accor, Hyatt, Hilton, Marriott, and Disney. Vacation ownership has proven to be lucrative for stakeholders in these major resort families, due to its popularity with vacation-goers. This form of lodging has spawned a variety of products sold on similar occupancy schemes; cars, planes, boats, condo-hotel units and luxury fractional properties (at which affluent guests may stay for as long as a quarter of a year, and which often command a six-figure price tag)

7. Types and sizes of accommodations Apartment-style units ranging in size from studio units (with room for two) to three and four-bedroom units. These larger units can comfortably house large families. Units normally include fully equipped kitchens with a dining area, dishwasher, televisions, DVD Players and more. It is not uncommon to have washers and dryers either in the unit or easily accessible on the resort. Kitchens are equipped to the size of the unit, so that a unit that sleeps four should have at least four glasses, plates, forks, knives, spoons, and bowls so that all four guests can sit and eat at once. Units are usually listed by how many the unit will sleep and how many the unit will sleep privately. Sleeps 2/2 would normally be a one bedroom or studio Sleeps 6/4 would normally be a two bedroom with a sleeper sofa

8. Scope of the Industry • The ARDA International Foundation (AIF),which is the research arm of the American Resort Development Association (ARDA), reports there are: • 1,604 timeshare resorts, with 154,439 units, in the USA as of January 1, 2006 (AIF 2006). • Approximately 4.4 million households own one or more U.S. weekly intervals or points-equivalent as of January 1, 2007, an increase of sixteen percent from the prior year.

9. About half of the resorts in the USA are currently selling, generating sales of $8.6 billion in 2005 (AIF 2006). • The global scope of the industry is not as readily quantified. Interval International, one of the two major exchange companies, reports there are 1,800 resorts in nearly 80 countries, with 2004 worldwide sales estimated at nearly $11.8 billion (Interval International 2006). • RCI has more than 4,000 resorts in nearly 100 countries • A 2001 report estimated there to be 5,425 timeshare resorts worldwide, of which around 31% are situated in North America, 25% in Europe,16% in Latin America (where Mexico leads with 40% in the region). Emerging resorts in Asia offers 14%, led by Japan, but with Thailand and India increasingly prominent.

10. Advantages of Timeshare

11. Points programs Resort based points programs are also sold as deeded and as right to use. Points programs annually give the owner an amount of points equal to the level of ownership. The owner in a points program can then use these points to make travel arrangements within the resort group. Many points programs are affiliated with large resort groups offering a large selection of options for destination. Many resort point programs provide flexibility from the traditional week stay. Resort point program members, such as World Mark by Wyndham, may request from the entire available inventory of the resort group.

12. Timeshare Point System

15. Timeshare rentals • Depending on the terms of the timeshare contract, an owner may rent their week or interval to another party in exchange for payment to the owner. • There are many third parties that will rent timeshares on behalf of their owners as one time event, or an annual occurrence. • The broker/agent will find a suitable renter in exchange for fees and commissions. In addition to a hands-off experience for the owner, third parties typically handle the money transfer as well. • The obstacle of finding a suitable renter remains the same, with the added liabilities associated with renting any real property—namely, ensuring payment prior to transferring the use to the renter, and coverage for any damage to the unit by the renter.

16. Two Types of Contract • Type One: Deeded Contracts • With deeded contracts the use of the resort is usually divided into week long increments and these are sold as fractional ownership and are real property. • As with any other piece of real estate the owner may use his or her week, rent his or her week, give it away, leave it to his or her heirs or sell the week to another prospective buyer. • The Owner is also liable for his portion of real estate taxes, which usually are collected with condominium maintenance fee. Potentially owner can even deduct some property related expenses, such as real estate taxes, from his taxable income.

17. Type Two: Right to Use • The purchaser has the right to use the property in accordance with the contract but at some point the contract ends and all rights revert to the property owner. • The right to use contract grants the right to use the resort for a specific number of years. • In many countries there are severe limits on foreign property ownership, so this is a common method for developing resorts in countries such as Mexico. • Care should be taken with this form of ownership as the right to use often takes the form of 'club membership' or right to use the reservation system. Where the reservation system is owned by a Company not in the control of the owners, the right of use may be lost with the demise of the controlling Company.

18. Peregrine Travel Group is proud to serve as the exclusive sales company for the Manhattan Club, the premier time share property in the world. Manhattan Club is ranked as one of the top time share property among RCI’s 6000 time share properties around the world.

20. History The vision of New York City's very first timeshare began to take physical  form in 1994 with the purchase of a 60-million dollar property on the southwest corner of 56th Street and Seventh Avenue. Sales began successfully in 1996 prior to the completion of the residential portion of the property, as even the earliest Owners recognized the unique value of deeded ownership, the benefits of a private club-like atmosphere and the convenience of a prime midtown location.Completion of the three initially planned construction phases brought about a total of 241 suites plus the Club Floor. At this stage, The Manhattan Club consisting of thirteen Residential Floors, two Conference Rooms, a Fitness Center, Business Center and a Club Lounge could already boast being the largest urban timeshare in the world.

21. In fall of 2004, the building's tower, floors 27-31, which housed Administrative Offices and Private Suites, were vacated in preparation for the construction of twenty-four Penthouse Suites. Construction of twenty-four exclusive Penthouse Suites is nearing completion. Larger suites, oversized windows, lofty ceilings, two private terraces, enhanced in-room amenities and restricted access have proven to be a winning formula, bringing sales to a sell-out point within an unprecedented short time frame. To complete the ultimate residential environment created by these grand suites and private terraces, a 560 square foot private reading room is being built on the 31st floor of The Manhattan Club's tower. This totally new addition will provide a serene and sun-filled retreat for Penthouse Owners seeking a quiet environment for reading.

22. About the Manhattan Club • The Manhattan Club is one of the top 12 resorts in the world in terms of RCI points, and one of the top 3 in the U.S. • It has a Gold Crown rating held for 14 consecutive years. An accolade of distinction reserved only for the most esteemed resorts within RCI and II systems. • The Manhattan Club is a fee-simple deeded ownership in perpetuity • There is a 2 – 3 year waiting list for RCI members that would like to exchange their points into the Manhattan Club. • The Manhattan Club has 241 private luxury suites.

23. The Manhattan Club is an affiliate of RCI (Resorts Condominium International). The largest and most experienced vacation exchange system in the world. • Membership in RCI enables Manhattan Club owners to exchange their time/weeks for any one 4,000 or more locations in over 100 countries worldwide. • We are the former OMNI HOTEL. • The television show “The Honeymooners” with Jackie Gleason was filmed at the Manhattan Club. • Mr. Gleason himself resided at the Manhattan Club for many years when it was called The Omni Hotel.

24. Deeded Ownership • Buying a property at the Manhattan Club is not just buying a “right-to-use” a suite for X number of years. It is buying a deeded ownership in New York City. It is the same as buying a piece of real estate. • Having an actual deed means that you can pass it onto your children, rent it out, lend it as a gift to friends or relatives, or sell it. • With renting, any price you pay will ultimately amount in 100% loss. If you add inflation into that, that means every time you vacation the cost will be ever higher. • A deed secures the cost right away, and there is a reasonable expectation that, should you no longer want it, you can sell it back for no loss. • The signing of the contract to purchase a deed at the Manhattan Club can either take place at a U.S. Consulate, or notarized at any government-certified notary republic.

25. Comparison Chart • Below is a chart of comparable 5-star hotels in a nearby location to the Manhattan Club for similar-sized rooms. All rates include taxes.

26. Major attraction

27. Location….Location ….Location Major attractions •Central Park •Madison Avenue •Fifth Avenue •Rockefeller Center •Carnegie Hall •Radio City Music Hall •Lincoln Center •Broadway theaters •St. Patrick's Cathedral •NBC Studios •Top of the Rock observatory •Saks Fifth Avenue •Bergdorf Goodman •Henri Bendel •Museum of Modern Art (MoMA) •Columbus Circle •Time Warner Center •State Empire Building 200 West 56th Street New York, New York

32. Property and Services

35. Lobby Entrance

36. Private Club Lounge Fitness Center

37. Concierge Services Business Center

38. Ownership Plans

39. Executive Suite

40. One Bedroom Suite One- Bedroom Suite One Bedroom Suites

41. Ownership Plans • Gold Flex • 7 nights each year based upon availability • Can be used either consecutively or non-consecutively • Usage year is determined as 30 days after the date of purchase • For all flex, may only use up to 1 Saturday for every 7 nights purchased • Biennial Gold Flex • 7 nights every other year (either an odd or even year) • Usage based on calendar year • If choosing Biannual Odd, cannot use nights on an even year, and vice versa • Biennial Split Gold Flex • 4 nights one year, 3 nights the next year, and so on • Triennial Gold Flex • 7 nights every three years • Triennial Split Gold Flex • 2 nights each year with one floating night

42. Manhattan Club Purchase Price (USD) (Confidential) • Notes： • Prices listed are in USD (United States Dollars) • Prices subject to change without further notice • These Prices are intended for real estate professionals appointed by Peregrine Travel as designated Sales Agents

43. Frequently Asked Questions

44. Who Are We? • An RCI Gold Crown resort • New York City first timeshare property providing deluxe accommodations plus a club-like atmosphere • The Manhattan Club has 241 private luxury suites. • Where Are We? • Location ….Location….Location….Situated on 200 West 56th Street between Broadway and 7th Avenue, right in the heart of Manhattan’s vibrant midtown area. • The Manhattan Club provides you with easy access to New York City’s greatest attractions . • Guests can walk to Central park, Rockefeller Center, Broadway theatres, Fifth Ave shopping, famous restaurants, museums and so much more.

45. What Do We Offer? • An all-suite resort featuring rooms that are twice the size of a typical New York City hotel room. • Each stylish suite is elegantly appointed and equipped to make you feel at home. Plush fabrics, elegant furnishings, a kitchenette, luxurious marble baths, plush terry robes, pillow-top mattresses, soft linens, flat screen TVs, Bose radios and Wi-Fi internet access set the mood for a pampered stay. • Unit Types Max occupancy Max privacy • Executive Suite 4 2 • One- Bedroom 4 4

46. What are the Services ? • The personal attention and club-like services found at the Manhattan Club are geared to make every owner feel at home. Our knowledgeable concierges, your best escort to everything New York City, lend their expertise be suggesting the best events or by obtaining that Hard-to-Get ticket. The courteous reception and valet staff provide a smooth check-in. Daily housekeeping, included as part of our standard service, ensures that each day you’ll return to a suite that is clean and tidy. • What are the Resort Amenities? • Lounge (serving breakfast and evening cocktails) • Fitness Center (with men’s and ladies changing rooms and lockers) • Business Center ( complimentary internet access, printing and faxing) • Discounted Valet parking • Daily Housekeeping

47. What are the benefits? • Owners and guest have access to Manhattan Club’s 26th floor area. Here they will find a Private Lounge serving : • Daily breakfast • Evening cocktails • State-of-the-art Fitness Center • Business Center • RCI Gold Crown Resort status providing you with access to over 4,000 resorts worldwide • And most importantly, the commitment you make to yourself to spend quality time with family and friends doing the things you enjoy the most. • Flexible Use options that let you plan stays that fit your specific needs

48. What are the Usage Options? • Fixed - 7 consecutive Nights same time every year • Event - Marathon, U.S open , Trade Show, Guaranteed that specific event forever • Holiday- New Years Only 3 nights Fixed (Dec.30,31and Jan .1 4 nights flexible • Flex - 7 consecutive or non-consecutive nights • One Saturday with Friday or Sunday Attached • Reservations are accepted as early as 9- months in advance • May use multiple rooms in a single night • May rent out nights • May invite guest to use your nights with no fees • May request any of 362 nights out of the year • (Dec. 30, 31 and Jan 1 blocked

49. What are the reasons to own a timeshare at Manhattan Club? • By purchasing, people get to visit Manhattan——the upper east side of New York • By purchasing, people get to visit their children who study in New York and their relatives who live in New York. • Compared with purchasing any other properties around New York，owning a timeshare at Manhattan Cluballows you to have a luxury experience at a lower price. • Even if you don’t want to go to New York, it’s also useful to purchase the RCI Golden Crown Resort——The Manhattan Club. People can use it to exchange with other RCI resorts around the globe.（You will have awful a lot of choices for you since the Manhattan Club is the one of the RCI Golden Crown resorts) . And, of course, you can also see it as an investment oversea. • By purchasing, people open a door to lots of other different cities in the world beside New York. • One- time purchasing gets a life time ownership （to give it as a present、to assign it to other people、to rent it out、to sell it）

50. Practicality – it’s well appointed suites provide relaxing comfort and quality amenities for travelers looking for easy access to all major attraction in New York. The Manhattan Club’s prime location, friendly staff, in- house amenities and exclusivity create the ultimate New York City experience. For true comfort luxury and accessibility, there is no better way to enjoy New York. Elegance- Birch Coffey Design Associates, well known for their major hotel and cruise ship endeavors. The overall style is interior and façade restoration. The overall style is Biedemeir with art deco accents executed in warm neutral tones to create an atmosphere of sophisticated elegance. Affordability- owning Manhattan Club, a 5-star luxury hotel , will please you in every way combination of elegance, comfort and convenience for very affordable price.