Rule 8.5 Amendment to Registration Information and Public Offering Statement:

The developer shall amend or supplement its Public Offering Statement and registration information to reflect any material change in any information contained therein. All such amendments, supplements and changes shall be filed with and approved by the Commission. Each approved amendment to the Public Offering Statement, other than an amendment made only for the purpose of the addition of a phase or phases to the timeshare plan in the manner described in the timeshare instrument or any amendment that does not materially alter or modify the offering in a manner that is adverse to a purchaser, shall be delivered to a purchaser no later than 10 days prior to closing.