THE NEPTUNE HOUSE-BLOCK ISLAND

Deeded ‘VACATION WEEK OWNERSHIP’ (TIMESHARE )

THE Neptune house

At the quiet end of CONNECTICUT AVE, BLOCK ISLAND RI

Just a 10 minute walk from Old Harbor

Call: 401-261-2032 Click: www.NeptuneHouse.com

Email: jr4seasons@yahoo.com Joanne Regnault, Owner Relations

Visit us: At the quiet end of Connecticut Avenue…..

A TIMESHARE VACATION OWNERSHIP WEEK

-IS A 1/52 SHARE (ONE WEEK) OF OWNERSHIP IN A

VACATION CONDOMINIUM

(i.e. OWNS 1 WEEK OF THE YEAR WITH 51 OTHER OWNERS)

-IS NOT A ONE TIME, ONE WEEK VACATION ON BLOCK ISLAND

-IS AN ENTITLEMENT TO 1 WEEK OF VACATION EVERY YEAR

-NEPTUNE HOUSE IS DEEDED PROPERTY - YOU OWN IT IN PERPETUITY

(like a house) - IT CAN BE WILLED TO YOUR HEIRS

WITH YOUR ONE WEEK OF VACATION PER YEAR:

YOU CAN ENJOY IT AT The Neptune House

-OR-

EXCHANGE YOUR WEEK USING THE SERVICES OF A TIMESHARE

EXCHANGE COMPANY - INTERVAL INTERNATIONAL or RedWeek.com -

& GO TO ANOTHER VACATION OWNERSHIP TIMESHARE RESORT;

YOU CAN THEN TAKE YOUR VACATION ANY WEEK OF THE YEAR.

ANNUAL UPKEEP/MAINTENANCE EXPENSES -

AS WITH ALL CONDO OWNERSHIP THERE IS ONGOING OPERATING EXPENSES (UTILITIES, EMPLOYEES, ETC.) AND MAINTENANCE UPKEEP THAT ARE SHARED AMONGST ALL OWNERS OF THE VACATION CONDOS. JUST LIKE WITH CONDOS THAT ARE OWNED YEAR-ROUND AS PRIMARY RESIDENCES, THERE IS A CONDO ASSESSMENT FEE

(known as the Maintenance Fee in the timeshare industry);

For 2008 rate is $575-875 PER YEAR DEPENDING ON THE SIZE

OF THE VACATION UNIT PURCHASED.

THIS IS BILLED AND DUE IN JANUARY FOR THE UPCOMING YEAR.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

AFTER PAYING YOUR MAINTENANCE FEE DECIDE FOR EACH UPCOMING YEAR TO VACATION:

At The Neptune House during the week you own;

-or-

If you would you like to exchange your vacation week with our exchange companies, Interval International or RedWeek.com, and enjoy your vacation week at another vacation ownership resort during any week of the year

(does not have to be the same week you own at the Neptune House.)

_______________________________________________________________________________________________

You may view the NEPTUNE HOUSE and numerous other vacation ownership resorts that you can request an exchange to in the

Interval International online Resort Directory at www.IntervalWorld.com

Go to Resort Directory, Advanced Search, and enter our II Resort Code: NVC

Then hit Enter. You do not have to be an I.I. Member or have a member number/password to access the Resort Directory.

For RedWeek.com go to: www.redweek.com/resort/P626

If you have additional questions or would like to inquire about

Vacation Week Ownership at The Neptune House contact us:

Call: 401-261-2032 Click: www.NeptuneHouse.com

Email: jr4seasons@yahoo.com Joanne Regnault, Owner Relations

VACATION WEEK OWNERSHIP SIMPLY PUT MEANS:

VACATION AT THE RESORT YOU OWN,

The Neptune House, DURING THE WEEK YOU OWN,

-OR-

EXCHANGE YOUR VACATION WEEK WITH AN EXCHANGE COMPANY THAT SPECIALIZES IN TRADING VACATION WEEKS WITH OTHER TIMESHARE VACATION WEEK OWNERS AND GO TO ANOTHER VACATION OWNERSHIP TIMESHARE RESORT TO ENJOY YOUR VACATION.

AND IF YOU TRADE YOUR WEEK TO ANOTHER RESORT YOU CAN CHOOSE TO VACATION ANY WEEK OF THE YEAR! e e e e e e e e e e e e e e e e e e e e e e e e e e