Fractional Ownership. Fractional Ownership: An undivided 0.4598% interest in Unit 46A of Disney's Saratoga Springs Resort, a leasehold condominium (the "Condominium) according to the Declaration of Condominium thereof as recorded in Official Records Book 7419, Page 4659 Public Records of Orange County, Florida, and all amendment's thereto (the "Declaration"); AND SUBJECT TO that certain Ground Lease By and between Disney Vacation Development, Inc., a Florida Corporation ('DVD') and Walt Disney Hospitality & Recreation Corporation, a Florida Corporation, effective February 15, 2003, and any amendments thereto, a short form of which is recorded in the Public Records of Orange County, Florida; and any amendments thereto (the 'Ground Lease'); and Florida, and all amendments thereto, and subject to easements and restrictions of record. THIS OWNERSHIP IS A LEASEHOLD CONDOMINIUM THAT EXPIRE JANUARY 31, 2054. This property is subject to the RIGHT OF FIRST REFUSAL. Unit type can vary from studio, 1 bedroom, 2 bedroom or 3 bedroom depending on how points are used. No fixed unit, no fixed week. This property can close after September 6, 2026 due to a reservation on file. First floor units at Disney's Saratoga Springs will have a patio; 2nd-4th floor units will have a balcony. THIS PROPERTY CANNOT ACCOMODATE SHOWINGS. Some units will have waterfront views. This ownership has 210 points for 2028 and beyond. The use year of this ownership is FEBRUARY.