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GENERAL PRODUCT AND ADDITIONAL DISCLOSURES (Rev. 8/7/15)

Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property. This does not constitute an offer to sell, or a solicitation to buy, real estate to residents of any state or jurisdiction where prohibited by law, or where prior registration is required but has not yet been fulfilled.

For California Residents: WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT INSPECTED, EXAMINED, OR QUALIFIED THIS OFFERING. PA REGISTRATION No. OL001147. KY REGISTRATION No. R-176.

In addition to the purchase price, association assessments and Golden Oak Club fees, certain fees and charges will apply, but are not limited to: access to and use of the Summerhouse restaurants and select ticketed events in the Summerhouse; restaurants, tickets and services rendered for which Resident Services provides assistance; Golden Oak Resident Pass, Walt Disney World® Golf Players Club, in-park special event tickets and the golf course, spa, dining facilities and private event facilities in Four Seasons Resort Orlando at Walt Disney World® Resort . Additionally, use of and access to certain services and amenities may be subject to availability, rules and requirements. Some photographs and scenes included herein are not within and will not be part of the Golden Oak community.

The prices, plans, uses, dimensions, specifications, materials, facilities, features and amenities described and depicted herein are based upon current development plans, which are subject to change without notice. No guarantee is made that the facilities, features or amenities depicted or otherwise described herein will be built or, if built, will be of the same type, size or nature as depicted or described herein.

Golden Oak Development, LLC does not guarantee the obligations of builders who will build homes within the Golden Oak community. Golden Oak Development, LLC's approval of a builder shall not be construed as an endorsement, warranty or certification of any builder or the builder's performance.

The marks "Four Seasons," "Four Seasons HOTELS AND RESORTS," any combination thereof are registered trademarks of Four Seasons Hotels Limited in Canada and U.S.A. and of Four Seasons Hotels (Barbados) Ltd. elsewhere.

Void where prohibited by law. Equal Housing Opportunity. Broker participation welcome.

FOUR SEASONS PRIVATE RESIDENCES ORLANDO

The portfolio of Four Seasons Private Residences is expanding—in a very magical way—within the private residential community of Golden Oak.

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