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Here is the email we got. In accordance with the terms of the membership agreement 128553 pursuant to the sale of The Royal Islander and the distribution of the net proceeds thereof, we will be transferring or sending you a check for the sum of $5,059 USD corresponding to your residual rights payment for membership #### from the sale of the resort as soon as we receive your completed and signed Residual Rights Instructions form and accompanying documents in the mail. Please note that this payment is per membership agreement, not per member. Please read this entire email carefully as it contains detailed information on the steps you need to take to begin this process. As we previously informed you, once authorization was obtained from COFECE (Federal Commission of Economic Competition), the sale of The Royal Islander was finalized. The day of closing was December 11, 2023. The property is now owned by an international investment group called Alojica which presented the highest bid for the property in the marketed sales process and acquired it for the sum of $56,455,920 USD (including Value Added Tax). In the process of calculating the amount to be distributed as residual rights, the employee severance payments and municipal, state and federal taxes, as well as expenses related to the sale were deducted from the sales price of assets. Once this process was completed, the net proceeds from the sale of the resort and the remaining cash reserves held in resort accounts as of December 11, 2023, including the Club Cash Reserve and the Hurricane Fund, were sent to the Membership Company for distribution among members in good standing that have residual rights stipulated in their membership agreement. The amounts deducted from the sale price, as well as the Reserves are as follows: The Royal Islander Residual Rights Distribution USD Feb-24 Sale Price $56,455,920 Severance payments and Union Agreement termination $2,091,237 Realtor Commission and Related Expenses $1,475,699 Municipal, State and Federal Taxes $17,592,643 Closing statement (Energy & Chiller Maintenance) $97,892 $21,257,472 Remaining Balance After Sale of Resort $35,198,448 Club Cash Reserve $1,439,746 Hurricane Funds $1,882,540 Total Reserves $3,322,286 Total amount to be distributed as Residual Rights $38,520,734 Accounts in Good Standing 7,615 Distribution of Residual Rights to Members $5,059 There are approximately 9,129 memberships at The Royal Islander. As of November 30, 2023, 83 percent of the total number of members were in good standing and entitled to receive this residual rights payment, 7,615 members. Residual Rights Distribution Process To begin the distribution process in order to receive your payment of Residual Rights from the Membership Company, please: Click here to view and print your Residual Rights Instructions form for Membership Agreement 128553. If you have multiple Membership Agreements, you must complete the Residual Rights Instructions form for each one. You will receive an email for each membership agreement that you have and the link on each email will be unique to that membership agreement. Read the Residual Rights Instructions form carefully. If the membership information is inaccurate or if the names of the Members in the document do not match that of the current members, please contact us immediately at residualrights@intervalservicing.com. Any change not currently reflected in the membership agreement, must be corrected before distribution. Select your method of payment. If payment is to be made via ACH or wire transfer, please provide the bank account information and attach a bank statement. Only the header is needed. Indicate the member’s name or names who will receive the payment. All members listed in the membership agreement must sign the form and you need to attach a copy of a valid ID with the signature for each member. Please mail the Instructions form with all the required information to: Interval Servicing Company, LLC Attn: Residual Rights Processing 9271 S John Young Pkwy Orlando, FL 32819