April 5, 2015

Jeffery and Donna Anderson
808 Bridlebrook Lane
Kirkwood, MO 63122

Dear Eagle Creek 1/10 Share Owner;

Enclosed is the Balance Sheet and Income Statement for Eagle Creek Fractional unit #3 for the period ending December 31, 2014.

Unit #3 ended 2014 with a positive fund balance of $2,392.28. The greatest contribution to the surplus was the lower than expected R&M, supply, and utility expenses. Because of the amount of the surplus, enclosed is a refund check in the amount of $169.00 for your co-ownership interest.

The reserve account ended the year with a positive fund balance of $7,215.39.

Please let me know if you have any questions or concerns.

Sincerely,

Robin Dowty | Controller
7555 Falcon Crest Drive Redmond, OR 97756
P:541.548.9388 | C:541.419.5494 | F:541.923.0881 robind@nvoregonresorts.com | www.nvoregonresorts.com

April 5, 2015

William and Cheryl Van Vleet
7711 NE Logsdon Road
Corvallis, OR 97330

Dear Eagle Creek 1/10 Share Owner;

Enclosed is the Income Statement for Eagle Creek Fractional unit #3 for the period ending December 31, 2014.

Unit #3 ended 2014 with a positive fund balance of $2,392.28. The greatest contribution to the surplus was the lower than expected R&M, supply, and utility expenses. Because of the amount of the surplus, enclosed is a refund check in the amount of $169.00 for your co-ownership interest.

The reserve account ended the year with a positive fund balance of $7,215.39.

Please let me know if you have any questions or concerns.

Sincerely,

Robin Dowty | Controller
7555 Falcon Crest Drive Redmond, OR 97756
P:541.548.9388 | C:541.419.5494 | F:541.923.0881 robind@nvoregonresorts.com | www.nvoregonresorts.com

April 5, 2015

Bob and Karen Bernhardt
704 Santa Fe Drive
Vancouver, WA 98661

Dear Eagle Creek 1/10 Share Owner;

Enclosed is the Income Statement for Eagle Creek Fractional unit #3 for the period ending December 31, 2014.

Unit #3 ended 2014 with a positive fund balance of $2,392.28. The greatest contribution to the surplus was the lower than expected R&M, supply, and utility expenses. Because of the amount of the surplus, enclosed is a refund check in the amount of $169.00 for your co-ownership interest.

The reserve account ended the year with a positive fund balance of $7,215.39.

Please let me know if you have any questions or concerns.

Sincerely,

Robin Dowty | Controller
7555 Falcon Crest Drive Redmond, OR 97756
P:541.548.9388 | C:541.419.5494 | F:541.923.0881 robind@nvoregonresorts.com | www.nvoregonresorts.com

April 5, 2015

Kenneth and Barbara Shank
548 Saddlerock Loop
Wenatchee, WA 98801

Dear Eagle Creek 1/10 Share Owner;

Enclosed is the Income Statement for Eagle Creek Fractional unit #3 for the period ending December 31, 2014.

Unit #3 ended 2014 with a positive fund balance of $2,392.28. The greatest contribution to the surplus was the lower than expected R&M, supply, and utility expenses. Because of the amount of the surplus, enclosed is a refund check in the amount of $169.00 for your co-ownership interest.

The reserve account ended the year with a positive fund balance of $7,215.39.

Please let me know if you have any questions or concerns.

Sincerely,

Robin Dowty | Controller
7555 Falcon Crest Drive Redmond, OR 97756
P:541.548.9388 | C:541.419.5494 | F:541.923.0881 robind@nvoregonresorts.com | www.nvoregonresorts.com

April 5, 2015

Martin and Cathy Kuiken
PO BOX 425
Lyones, OR 97358

Dear Eagle Creek 1/10 Share Owner;

Enclosed is the Income Statement for Eagle Creek Fractional unit #3 for the period ending December 31, 2014.

Unit #3 ended 2014 with a positive fund balance of $2,392.28. The greatest contribution to the surplus was the lower than expected R&M, supply, and utility expenses. Because of the amount of the surplus, enclosed is a refund check in the amount of $169.00 for your co-ownership interest.