WARNING: THE CALIFORNIA DEPARTMENT OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING. Four Seasons Residence Club Vail is not owned, developed or sold by Four Seasons Hotels Limited or its affiliates (Four Seasons). The developer, Black Diamond Resorts – Vail LLC, uses the Four Seasons trademarks and trade names under a license from Four Seasons Hotels Limited. The marks “FOUR SEASONS,” “FOUR SEASONS HOTELS AND RESORTS,” any combination thereof, and the Tree Design are registered trademarks of Four Seasons Hotels Limited in Canada and U.S.A. and of Four Seasons Hotels (Barbados) Ltd. elsewhere. This is not an offer to sell, nor a solicitation of an offer to buy, to residents of any state or province in which restrictions and other legal requirements have not been fulfilled. This offer is void where prohibited by law. The plans, amenities, availability and improvements mentioned are subject to change without notice. Illustrations are artists’ depictions only and may differ from completed improvements, and scenes may include locations or activities not on the property. All pictures, photographs and images are owned or licensed by Playground Destination Properties Inc., a Colorado-licensed real estate brokerage, Black Diamond Resorts – Vail LLC, and/or Four Seasons Hotels and Resorts. Any use, reproduction or distribution of pictures, photographs or images without written permission is expressly prohibited. Certain services and amenities may be subject to association dues or additional fees.