Charlie Muller
Executive Vice President & Chief Operating Officer
CNL Lifestyle Company, LLC
This sales and advertising literature is neither an offer to sell nor a solicitation
of an offer to buy the securities described herein.
This literature must be read with the prospectus
in order to fully understand all of the implications and risks
of the offering of securities to which it relates. A copy of the prospectus must
be made available to you in connection with this offering.