Schedule 5A Forms of UCC-1 Financing Statement Borrower See attached

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CORPORATION 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- MD - Department of Assessments & Taxation F#391860 A#562642

Schedule 5B Forms of UCC-1 Financing Statements Holdings and Parent See attached

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS INTERNATIONAL, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391859 A#562641

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS HOLDINGS, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391861 A#562643

Schedule 5C Forms of UCC-1 Financing Statements Subsidiary Guarantors other than Holdings See attached

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 AKGI-ST. MAARTEN N.V. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391656 A#562392

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 CHESTNUT FARMS, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391657 A#562393

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 CUMBERLAND GATE, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391659 A#562395

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CALIFORNIA COLLECTION DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391662 A#562398

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CENTRALIZED SERVICES COMPANY 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391663 A#562399

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CITRUS SHARE HOLDING, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391664 A#562400

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CORAL SANDS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391665 A#562401

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CYPRESS POINTE I DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391666 A#562402

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CYPRESS POINTE II DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391667 A#562403

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS CYPRESS POINTE III DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391668 A#562404

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS DAYTONA DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391669 A#562405

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS DEVELOPER AND SALES HOLDING COMPANY 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391670 A#562406

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS DPM DEVELOPMENT LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391963 A#562777

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS EPIC MORTGAGE HOLDINGS, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391671 A#562407

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS FALL CREEK DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391672 A#562408

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS FINANCE HOLDING COMPANY 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391673 A#562409

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS FINANCIAL SERVICES, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391674 A#562410

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS GRAND BEACH I DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391675 A#562411

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS GRAND BEACH II DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391676 A#562412

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS GREENSPRINGS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391678 A#562416

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS HAWAII COLLECTION DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391679 A#562417

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS HILTON HEAD DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391680 A#562418

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS INTERNATIONAL CLUB, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#391681 A#562419

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS INTERNATIONAL MARKETING MEXICO, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391961 A#562775

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G50G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G70G73G82G83G84G32G78G65G77G69 G77G73G68G68G76G69G32G78G65G77G69 G83G84G65G84G69 G49G103G46G32G79G82G71G65G78G73G90G65G84G73G79G78G65G76G32G73G68G32G35G44G32G105G102G32G97G110G121 G83G85G70G70G73G88 G67G79G85G78G84G82G89 G78G79G78G69 G51G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G51G46G32G83G69G67G85G82G69G68G32G80G65G82G84G89G39G83G32G78G65G77G69G32G40G111G114G32G78G65G77G69G32G111G102G32G84G79G84G65G76G32G65G83G83G73G71G78G69G69G32G111G102G32G65G83G83G73G71G78G79G82G32G83G47G80G41G32G45G32G105G110G115G101G114G116G32G111G110G108G121G32G111G110G101G32G115G101G99G117G114G101G100G32G112G97G114G116G121G32G110G97G109G101G32G40G51G97G32G111G114G32G51G98G41 G56G46 G79G80G84G73G79G78G65G76G32G70G73G76G69G82G32G82G69G70G69G82G69G78G67G69G32G68G65G84G65 National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS INTERNATIONAL MARKETING, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA Corporation California 1884773 WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- CA - Secretary of State F#391682 A#562420

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS LAS VEGAS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391683 A#562421

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS MANAGEMENT & EXCHANGE HOLDING COMPANY 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391684 A#562423

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G50G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G70G73G82G83G84G32G78G65G77G69 G77G73G68G68G76G69G32G78G65G77G69 G83G84G65G84G69 G49G103G46G32G79G82G71G65G78G73G90G65G84G73G79G78G65G76G32G73G68G32G35G44G32G105G102G32G97G110G121 G83G85G70G70G73G88 G67G79G85G78G84G82G89 G78G79G78G69 G51G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G51G46G32G83G69G67G85G82G69G68G32G80G65G82G84G89G39G83G32G78G65G77G69G32G40G111G114G32G78G65G77G69G32G111G102G32G84G79G84G65G76G32G65G83G83G73G71G78G69G69G32G111G102G32G65G83G83G73G71G78G79G82G32G83G47G80G41G32G45G32G105G110G115G101G114G116G32G111G110G108G121G32G111G110G101G32G115G101G99G117G114G101G100G32G112G97G114G116G121G32G110G97G109G101G32G40G51G97G32G111G114G32G51G98G41 G56G46 G79G80G84G73G79G78G65G76G32G70G73G76G69G82G32G82G69G70G69G82G69G78G67G69G32G68G65G84G65 National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS MANAGEMENT, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA Corporation Arizona 237659-4 WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- AZ - Secretary of State F#391686 A#562425

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS MGV DEVELOPMENT LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391962 A#562776

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS MORTGAGE HOLDINGS, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391689 A#562428

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS MYSTIC DUNES DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391964 A#562778

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS PALM SPRINGS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391690 A#562429

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS POCO DIABLO DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391692 A#562431

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS POIPU DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391693 A#562432

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS POLO DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391695 A#562434

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS PORT ROYAL DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391696 A#562435

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS POWHATAN DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391697 A#562436

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS RESIDUAL ASSETS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391698 A#562437

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS RESIDUAL ASSETS FINANCE, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391740 A#562485

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS RESIDUAL ASSETS M&E, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391741 A#562486

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS RIDGE ON SEDONA DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391742 A#562487

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS RIDGE POINTE DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391743 A#562488

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS SAN LUIS BAY DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391744 A#562489

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS SANTA FE DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391745 A#562490

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS SCOTTSDALE DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391820 A#562602

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS SEDONA SPRINGS DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391821 A#562603

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS SEDONA SUMMIT DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391822 A#562604

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS ST. CROIX DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391823 A#562605

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS STEAMBOAT DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391826 A#562608

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS TAHOE BEACH & SKI DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391828 A#562610

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS TETON CLUB DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391965 A#562779

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS U.S. COLLECTION DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391830 A#562612

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS VILLA MIRAGE DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391831 A#562613

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS VILLAS OF SEDONA DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391833 A#562615

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 DIAMOND RESORTS WEST MAUI DEVELOPMENT, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391834 A#562616

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 FOSTER SHORES, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- MO - Secretary of State F#391836 A#562618

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 GEORGE ACQUISITION SUBSIDIARY, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391842 A#562624

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 GINGER CREEK, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391844 A#562626

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 GRAND ESCAPES, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391845 A#562627

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 INTERNATIONAL TIMESHARES MARKETING, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391863 A#562645

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G50G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G70G73G82G83G84G32G78G65G77G69 G77G73G68G68G76G69G32G78G65G77G69 G83G84G65G84G69 G49G103G46G32G79G82G71G65G78G73G90G65G84G73G79G78G65G76G32G73G68G32G35G44G32G105G102G32G97G110G121 G83G85G70G70G73G88 G67G79G85G78G84G82G89 G78G79G78G69 G51G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G51G46G32G83G69G67G85G82G69G68G32G80G65G82G84G89G39G83G32G78G65G77G69G32G40G111G114G32G78G65G77G69G32G111G102G32G84G79G84G65G76G32G65G83G83G73G71G78G69G69G32G111G102G32G65G83G83G73G71G78G79G82G32G83G47G80G41G32G45G32G105G110G115G101G114G116G32G111G110G108G121G32G111G110G101G32G115G101G99G117G114G101G100G32G112G97G114G116G121G32G110G97G109G101G32G40G51G97G32G111G114G32G51G98G41 G56G46 G79G80G84G73G79G78G65G76G32G70G73G76G69G82G32G82G69G70G69G82G69G78G67G69G32G68G65G84G65 National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 LAKE TAHOE RESORT PARTNERS, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA LLC California 101996061021 WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- CA - Secretary of State F#391847 A#562629

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 MAZATLAN DEVELOPMENT INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- WA - Department of Licensing F#391849 A#562631

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 MMG DEVELOPMENT CORP. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#391851 A#562633

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 POIPU RESORT PARTNERS, L.P. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- HI - Bureau of Conveyances F#391852 A#562634

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G50G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G70G73G82G83G84G32G78G65G77G69 G77G73G68G68G76G69G32G78G65G77G69 G83G84G65G84G69 G49G103G46G32G79G82G71G65G78G73G90G65G84G73G79G78G65G76G32G73G68G32G35G44G32G105G102G32G97G110G121 G83G85G70G70G73G88 G67G79G85G78G84G82G89 G78G79G78G69 G51G97G46G32G79G82G71G65G78G73G90G65G84G73G79G78G39G83G32G78G65G77G69 G51G46G32G83G69G67G85G82G69G68G32G80G65G82G84G89G39G83G32G78G65G77G69G32G40G111G114G32G78G65G77G69G32G111G102G32G84G79G84G65G76G32G65G83G83G73G71G78G69G69G32G111G102G32G65G83G83G73G71G78G79G82G32G83G47G80G41G32G45G32G105G110G115G101G114G116G32G111G110G108G121G32G111G110G101G32G115G101G99G117G114G101G100G32G112G97G114G116G121G32G110G97G109G101G32G40G51G97G32G111G114G32G51G98G41 G56G46 G79G80G84G73G79G78G65G76G32G70G73G76G69G82G32G82G69G70G69G82G69G78G67G69G32G68G65G84G65 National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 RESORT MANAGEMENT INTERNATIONAL, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA Corporation California 1968609 WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- CA - Secretary of State F#391854 A#562636

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 RESORTS DEVELOPMENT INTERNATIONAL, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- NV - Secretary of State F#391855 A#562637

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 WALSHAM LAKE, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- MO - Secretary of State F#391857 A#562639

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 WEST MAUI RESORT PARTNERS, L.P. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. 05865-896 -- DE - Secretary of State F#391858 A#562640

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 CRESCENT ONE, LLC 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#393603 A#564749

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 ISLAND ONE, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#393604 A#564750

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 ISLAND ONE RESORTS MANAGEMENT CORPORATION 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#393605 A#564751

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 GALAXY EXCHANGE COMPANY 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#393606 A#564752

B. E-MAIL CONTACT AT FILER (optional) FILING OFFICE COPY — UCC FINANCING STATEMENT (Form UCC1) (Rev. 04/20/11) THE ABOVE SPACE IS FOR FILING OFFICE USE ONLY UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS A. NAME & PHONE OF CONTACT AT FILER (optional) OR 1a. ORGANIZATION'S NAME POSTAL CODECITY1c. MAILING ADDRESS 1b. INDIVIDUAL'S SURNAME STATE COUNTRY 8. OPTIONAL FILER REFERENCE DATA: A Debtor is a Transmitting UtilityManufactured-Home TransactionPublic-Finance Transaction 6a. Check only if applicable and check only one box: 7. ALTERNATIVE DESIGNATION (if applicable): Seller/Buyer Bailee/BailorConsignee/ConsignorLessee/Lessor Agricultural Lien Non-UCC Filing OR 3b. INDIVIDUAL'S SURNAME FIRST PERSONAL NAME POSTAL CODE3c. MAILING ADDRESS CITY ADDITIONAL NAME(S)/INITIAL(S) STATE SUFFIX COUNTRY 3a. ORGANIZATION'S NAME 3. SECURED PARTY'S NAME (or NAME of ASSIGNEE of ASSIGNOR SECURED PARTY): Provide only one Secured Party name (3a or 3b) 4. COLLATERAL: This financing statement covers the following collateral: C. SEND ACKNOWLEDGMENT TO: (Name and Address) 6b. Check only if applicable and check only one box: Licensee/Licensor Collateral is5. Check only if applicable and check only one box: held in a Trust (see UCC1Ad, item 17 and Instructions) being administered by a Decedent’s Personal Representative OR 2a. ORGANIZATION'S NAME POSTAL CODECITY2c. MAILING ADDRESS 2b. INDIVIDUAL'S SURNAME STATE SUFFIX COUNTRY FIRST PERSONAL NAME ADDITIONAL NAME(S)/INITIAL(S) SUFFIX ADDITIONAL NAME(S)/INITIAL(S)FIRST PERSONAL NAME 1. DEBTOR'S NAME: Provide only one Debtor name (1a or 1b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 1b, leave all of item 1 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad) 2. DEBTOR'S NAME: Provide only one Debtor name (2a or 2b) (use exact, full name; do not omit, modify, or abbreviate any part of the Debtor’s name); if any part of the Individual Debtor’s name will not fit in line 2b, leave all of item 2 blank, check here and provide the Individual Debtor information in item 10 of the Financing Statement Addendum (Form UCC1Ad)       National Corporate Research, Ltd. 800-828-0938 National Corporate Research, Ltd. 194 Washington Avenue Suite 310 Albany, NY 12210 NAVIGO VACATION CLUB, INC. 10600 WEST CHARLESTON BOULEVARD LAS VEGAS NV 89135 USA WELLS FARGO BANK, NATIONAL ASSOCIATION 707 WILSHIRE BOULEVARD, 17TH FLOOR LOS ANGELES CA 90017 USA ALL ASSETS OTHER THAN TIMESHARE RECEIVABLES AND CONSUMER LOANS. Florida Documentary Stamp Tax is not required. 05865-896 -- FL - Central Filing Office F#393607 A#564753