A minimum of three weeks notice will be required to bank time. Less than 21 days notice will

result in time not being credited, unless utilized by someone else. Credit, in this case, will be

given for an amount equal to the actual number of nights and priority used by the other party.

Time can be banked up to a year in advance.

Time that is banked must be increments of (7) days, (1 week).

Withdrawals are on a first come, first serve basis.

Withdrawals will be made on a two-tier PRIORITY SYSTEM program.

"A"-TOP PRIORITY: You will be eligible for one "A" priority withdrawal per week banked.

"B"-SECOND PRIORITY: If your "A" priority request is for only 3 or 4 days the remaining days

may be used for one "B"priority requests will be confirmed no sooner than three weeks in advance. Any "A" priority requests made less than three weeks in advance will take priority over unconfirmed "B" requests.

An amount equal to three nights will be charged the owner for a withdrawal of three nights or less from the pool. This, in effect, limits requests to one "A" priority request and one "B" priority request per week banked.

No more than two"A" requests, and two "B" requests will be accepted and maintained concurrently on the books. Requested time cannot exceed banked time (e.g., two requests of one week each must be backed by at least two weeks of banked time).

After a verbal request and/or acceptance, a written confirmation by the owner is strongly recommended so that is received by SNOWATER at least seven days prior to the reserved period. This will minimize any possible confusion between parties involved. Should questions arise, Snowater records will be considered to reflect the most accurate account, in all cases, and will stand.

Multiple owners of one time segment should appoint one representative to coordinate all the unit's

affairs with the Time Share office. This will eliminate the confusion being experienced by all parties. Owners requesting banked time shall only be entitled to units identical to that which was originally banked (e.g.,a 2-bedroom unit banked will result in a similar unit being withdrawn from the pool).

Owners requesting two or more units fopr the same time period shall be granted only one such request in any 12-month period.

An owner cannot request time from the pool that is part of the same calendar week that was originally banked (e.g., un banking the week from Jan. 1-7, eliminates any possibility of this owner requesting time in the Jan. 1-7, time frame).

A minimum of seven days notice is required for cancellation or the time is forfeited. Either a verbal or written cancellation is acceptable. If less than 7 days notice is given, the period cancelled will not be credited back unless utilized by someone else. Credit, in this case, will be given for an amount equal to the actual number of nights and priority used by the other party.

Owners must make all reservations, cancellations, etc. for guests and renters. In addition, owners are financially responsible for those persons, which include any housekeeping fees incurred, lost keys or gate cards, etc., and any damage caused by these persons. It is suggested that owners consider damage or security deposits, as a precaution when renting out their unit.

When you have banked your Time Share unit with the STSA office you are no longer legally or financially responsible for the use/occupants of your banked unit. This responsibility is assumed by the owner withdrawing the banked unit.

All phone calls originating from Snowater will be placed collect to the party being contacted. Snowater personnel will be in the office between the hours of 10AM - 5PM, Saturday thru Thursday and 10AM-10PM on Friday. When personnel are not available at Snowater, calls will be received on an answering machine. These calls will be returned collect to the party.

Owners are strongly encouraged to keep accurate records of their own days banked and withdrawn.

Owners cannot use weeks acquired through our In-House Exchange Program to trade with Interval International,Resort Condominiums International or any other trading network. Owners can trade one or more of their 4 scheduled weeks each year. Please contact the office for the written "Week Verification Letter" necessary to implement your outside trade(s).

**Policy addition per 7/14/92 Board Meeting

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This program gives everyone an equal opportunity to get one withdrawal for each week banked.

Owners will have an opportunity to use remaining days banked by using the "B" priority option.

These requests will probably have the best chance of confirmation if they are made on low priority

weeks.