HARRY HUGHES, Governor

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(3)  THE TOTAL FINANCIAL OBLIGATION OF THE PURCHASER,
INCLUDING THE INITIAL PURCHASE PRICE AND ANY ADDITIONAL CHARGES,
TIME-SHARE EXPENSES, OR FACILITY FEES;

(4)  A DESCRIPTION OF THE TIME-SHARE PERIOD BEING
SOLD, INCLUDING WHETHER ANY INTEREST IN REAL PROPERTY IS BEING
CONVEYED AND THE NUMBER OF YEARS CONSTITUTING THE TERM OF THE
TIME-SHARE PLAN;

(5)  THE ESTIMATED DATE OF COMPLETION OF CONSTRUCTION
OF EACH UNIT OR COMMON ELEMENT WHICH IS NOT COMPLETED AT THE TIME
THE SALES CONTRACT IS EXECUTED; AND

(6)   IMMEDIATELY BEFORE THE SPACE FOR THE SIGNATURE OF
THE PURCHASER, IN CONSPICUOUS TYPE, SUBJECT TO THE PROVISIONS OF
§ 11A-114(A)(3), THE FOLLOWING STATEMENTS ARE TO BE INSERTED:

"YOU MAY CANCEL THIS CONTRACT WITHOUT ANY PENALTY OR
OBLIGATION WITHIN 10 DAYS FROM THE DATE OF THIS CONTRACT, OR
UNTIL 10 DAYS AFTER YOU RECEIVE THE PUBLIC OFFERING STATEMENT, OR
THE TIME-SHARE UNIT MEETS ALL BUILDING REQUIREMENTS AND IS READY
FOR OCCUPANCY, WHICHEVER LAST OCCURS.

IF YOU DECIDE TO CANCEL THIS CONTRACT, YOU MUST NOTIFY THE
DEVELOPER IN WRITING, IN WHICH CASE, YOUR NOTICE OF CANCELLATION
SHALL BE EFFECTIVE ON THE DATE SENT PROVIDED IT IS ACTUALLY
RECEIVED BY THE DEVELOPER AND SHALL BE SENT TO (NAME OF
DEVELOPER) AT (ADDRESS OF DEVELOPER).

ANY ATTEMPT TO OBTAIN A WAIVER OF YOUR CANCELLATION RIGHTS
IS UNLAWFUL. WHILE YOU MAY EXECUTE ALL DOCUMENTS IN ADVANCE, THE
CLOSING, AS EVIDENCED BY DELIVERY OF THE DEED OR OTHER DOCUMENT,
BEFORE EXPIRATION OF YOUR 10 DAY CANCELLATION PERIOD, IS
PROHIBITED."

(B)   IF A TIME-SHARE LICENSE IS BEING CONVEYED, THE CONTRACT
SHALL ALSO CONTAIN, IN CONSPICUOUS TYPE, THE FOLLOWING STATEMENT:

"YOU MAY ALSO CANCEL THIS CONTRACT, AT ANY TIME AFTER THE
ACCOMMODATIONS OR FACILITIES AT THE TIME-SHARE PROJECT ARE NO
LONGER AVAILABLE AS PROVIDED IN THIS CONTRACT AND THE PUBLIC
OFFERING STATEMENT."

(C)  A STATEMENT THAT, IN THE EVENT OF CANCELLATION OF THE
CONTRACT WITHIN THE 10-DAY PERIOD, A REFUND SHALL BE MADE WITHIN
20 BUSINESS DAYS AFTER RECEIPT OF NOTICE OF CANCELLATION, OR
WITHIN 5 DAYS AFTER RECEIPT OF FUNDS FROM THE PURCHASER'S CLEARED
CHECK, WHICHEVER IS LATER.

11A-119.

(A) IT IS UNLAWFUL FOR ANY PERSON WHEN SELLING TIME-SHARES
IN THE STATE, TO AUTHORIZE, USE, DIRECT, OR AID IN THE
DISSEMINATION, PUBLICATION, DISTRIBUTION, OR CIRCULATION OF ANY
STATEMENT, ADVERTISEMENT, RADIO BROADCAST, OR TELECAST CONCERNING