MEMBERSHIP UNDERSTANDING AND ACKNOWLEDGEMENT

WE, the undersigned Members of Freedom Resort Club Travel Association

(hereinafter Association) understand that before we purchase our membership,
the Association and Freedom Resort Club, LLC (FRC) wish to eliminate all likelihood
that any verbal or unauthorized representations or miscommunications may
influence our decision to join the Association. We understand and acknowledge that
the Association and FRC believe it is vital that we fully understand the exact nature
of our membership and all the facts presents to us. We understand and agree that
the Association and FRC have listed below the most pertinent considerations and
representations made to us, and acknowledge that we understand these are the
areas where any misunderstanding could most likely occur. In this Understanding
and Acknowledgment, the words we, us, our, and Members will mean the
undersigned.
The undersigned does hereby warrant, represent, state, affirm and swear as follows:
1. ____ ____ I/We understand we are purchasing a membership with no real-estate
involved. There is no expectation of profit or gain and our participation in the
Association does not enhance the benefits provided to other Members of the
Association or result in the cooperative purchase of services for the benefit of
Members. Furthermore, the participation of other Members in the Association does
not enhance or better our benefits in the Association. We further understand that
the Initiation Fee, whether paid for in cash or by payments, is paid in consideration
of a membership in the Association and is not paid in consideration of any
privileges, future services or rights provided by the Association.
2. ____ ____ I/We understand that we are acquiring a Membership in the Association
for personal use only and that our purchase does not involve the acquisition of any
real property nor does my purchase involve an acquisition of vacation timesharing.
3. ____ ____ I/We understand and agree that, in addition to the one-time initiation
fee, there are mandatory Monthly Dues currently set at Monthly ($47) U.S. Dollars
per month payable to FRC and which are subject to periodic annual adjustment up
or down in accordance with a majority vote of the Association Board of Directors in
keeping with the Rate Increase Limitations as specified in the Membership Rules and
Regulations which limit annual rate increases to the greater of 10% or the annual
increase in the Federal Consumer Price index. We further understand and agree that
we must pay these dues initially upon joining the Association and each month
thereafter. We understand that dues will be billed to us immediately upon joining
the Association (unless paid at the time I/we joined) and then each Month
thereafter, thirty (30) days prior to our Association joining anniversary date and

dues will be due and payable each Month on the anniversary date of our joining the
Association.
4. ____ ____I/We understand that we have the right to transfer or sell our
membership as described in the Membership Agreement , provided we are current
in our Association Monthly Dues and provided that an amount exceeding the
amount of money we paid or is payable for the membership is not received in
consideration of such sale or transfer, and further provided we agree that we do not
have an expectation of gain or profit by virtue of our purchase of the membership or
of the benefits provided to Members. We further understand and agree that the
Association is not required to assist us in any way with the transfer or resale of our
membership.
5. ____ ____ I/We understand and agree that the benefits of our Membership in the
Association may be utilized by our immediate family.
6. ____ ____ I/We understand and agree that there are no verbal agreements with
the Associations representatives which are not contained in the Membership
Agreement, this Understanding and Acknowledgment, the Membership Rules and
Regulations, and the Association provided Members guides and materials, and
further agree that there was no high pressure or coercion by any Association
representative to induce us to join the Association. We further agree that the costs
involved with Association membership present no undue financial burden to us or
our family.
7. ____ ____ I/We understand that FRC locates accommodations and arranges for
occupancy in such accommodations based upon Members reservation requests. We
understand that Resort Condominium units will be provided to us only on a space
available, first-come, first-served basis and that the weekly costs for
accommodations are dependent upon the size of the condominium unit. We further
understand and agree that all reasonable efforts are made by the Association to
provide for the size and location of the condominium unit as requested by us during
the time requested by us, but that such provision is on a first-come-first-served
basis, with priority for two and three bedroom units given to party sizes of six (6)
individuals or more, and is in no way guaranteed.
8. ____ ____ I/We understand that if we are current in payment of our Membership
obligations and Monthly Association Dues payments, we may submit a request for a
week of resort condominium space in keeping with the Reservation Request
Limitations defined in the Membership Rules and Regulations. We further
understand and agree that confirmed resort condominium reservations are subject
to the limitations detailed in paragraph #6, above, and, once accepted by us and
confirmed by the Association in writing, are non-cancelable. We also understand and
agree that reservation requests and cancellations of such Requests must be made
directly and only with the Reservation Office, and may be made either in writing, or

in person only, and not by phone. We further understand and agree that
accommodations for specific periods of time and in specific locations are in no way
guaranteed until a reservation request has been confirmed by the Reservations
Office in writing. We further understand that in the event the Association is unable
to confirm any resort condominium reservation request, our weekly reservation cost
will be refunded.
9. ____ ____ I/We understand and agree that the Association is a multi-destination,
multi-benefit Travel Association and that our membership is not for any specific
destination or period of time during each year. We understand that we select
vacation areas, not specific resorts and that availability of facilities is predicated on
location and not specific resorts. We further understand that resort condominium
accommodation availability may vary widely each year depending upon such factors
as season, location, or current demand.
10. ____ ____ I/We understand and agree that the sole extent of our membership,
benefits and obligations is detailed in the Membership Agreement, the Membership
Rules and Regulations, the Truth-in-Lending Disclosures Statement (if applicable),
and this Understanding and Acknowledgment, copies of which we acknowledge
Reading.
11. ____ ____ I/We understand that there is no prepayment penalty for early
payment of our Membership.
12. ____ ____ I/We acknowledge that by signing below I may be contacted by
phone, email, or mail about other promotions periodically offered by FRC until and
unless I notify FRC that I no longer want to be notified of new promotions
irrespective of whether my telephone number(s) appears on any state of federal
Do Not Call lists. I further agree that this form will supersede any Do Not Call
lists that I may be listed on, and that this document constitutes a business
transaction with FRC. I also consent to receive information from FRC via telephone
calls, prerecorded messages, emails and text/sms including through the use of an
auto-dialer system at the cellular or other numbers provided by me. I understand
that cellular usage charges may apply and such consent to receive autodialed calls
does not require me to purchase anything additional. I further consent to the
placement of collection oriented calls to me from FRC or an agent of FRC, for my
failure to abide to any agreement entered into between me and FRC, to any
telephone numbers provided by me to FRC or to any telephone numbers discovered
by FRC or FRCs agent that may be associated with me in any way. To inform FRC
that I either withdraw my consent to receive communications from FRC as described
directly above, or to update my information, I must send such a request to: FRC at
corpoffice@freedomresortclub.com.
13. ____ ____ I/we also agree that by entering into transactions with FRC, I consent
to receive, in an electronic format, all information, copies of agreements and

correspondence from FRC and to also send information in an electronic format

unless previously agreed upon in writing with FRC. To inform FRC that I either
withdraw my consent to receive future notices and disclosures in electronic format,
that I would like to receive paper copies or to update my information, I may send
such request to: FRC at corpoffice@freedomresortclub.com, At all times, I
maintain the sole obligation to ensure I can receive FRCs electronic
communications, and access them on a regular and diligent basis.
14.______ _______ I/We agree to hold harmless the Association and FRC from any
claims, actions or damages, including reasonable attorneys fees, sustained by the
Association and FRC resulting from my action or failure to act.
15._______ _________ I/We may cancel the purchase of my membership by giving
written notice to Association located at 401 E. Law Olas Blvd, Suite 1400, Ft.
Lauderdale, FL 33301. In order to receive a full refund, such cancellation notice
must be postmarked no more than 30 days from my date of purchase and receipt of
this signed document. I will receive a full refund of any fees paid by me within 15
days after my cancelation request is received by the Association. I may also cancel
my Membership if accommodations or facilities are not available pursuant to a
request for use as provided in the Contract. If the Association transfers its
obligation to provide me with my Membership to another organization that provides
substantially fewer services, the Association must provide notice thereof to me in
writing with a description of the Services the new organization will offer. Should I
not consent to such a transfer, my Membership will be rescinded and I will be
provided a refund pro rata based on the amount of time I was a member.
16. ______ __________ I/We acknowledge that my Membership in the Association is
on a month to month basis not to exceed 30 years. I understand that I can cancel
my Membership at anytime with no further obligation.
17.________ _________I/We acknowledge having been given the opportunity to review
the list of accommodation providers and nature of accommodations provided by
such providers prior to our becoming a Member by visiting the website
www.freedomresortclub.com.
I/we have read and understood all of the provision of this Membership
Understanding and Acknowledgement and have had the opportunity to ask all
questions that I/we deem relevant. I/we agree to hold harmless the FRC and the
Association from liability arising as a result of any claims that I/we may assert that
are inconsistent with the provisions of this Membership Understanding and
Acknowledgement.

This Membership Understanding and Acknowledgement is executed on this _____

day of __________________, 20____.

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Members Signature

Members Signature

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Members Print Name

Members Print Name