Cimarron’s mission is to enrich the lives of its Owners by providing a unique mountain experience, with other recreational and social activities, that foster friendship and fellowship within a private, Owner-owned setting. Cimarron owns and operates a private mountain club for the recreation, pleasure, and benefit of its Owners. Ownership is offered exclusively to permit Owners the social and recreational use of the Cimarron facilities. Ownership should not be viewed as an investment, and no Owner should expect to derive any economic profits from ownership. The plans for development disclosed on Cimarron’s website and in other materials are tentative and conceptual only, and subject to change, in accordance with planning considerations, market conditions, and demand. Future improvements must be considered planned, not promised. Cimarron is not obligated to develop any specific future facility at any specific locations and, subject to any governmental land use regulation of other planning considerations, may develop future facilities in alternate locations. This is not an offer in any jurisdiction in which the legal requirements for such an offer have not been met. No Federal agency has judged the merits or value, if any, of this property.