About FRPL Finance

About FRPL Group Ltd.

FRPL Group was incorporated on December 29, 2004 under the Business Corporations Act (Alberta). FRPL Group was formed to carry on the business of providing financing, principally for companies in the resort development and timeshare sales industry. Currently, FRPL Group provides financing only to Fairmont Resort Properties Ltd. (Fairmont Canada). FRPL Group commenced business on October 24, 2005 by loaning funds raised in its Series A and Series B Mortgage Bond Offering to Fairmont Canada. Since then, FRPL Group has loaned a total of approximately $42 million to Fairmont from the issue of Series A, B, 1 and 2 Mortgage Bonds.

The four founders and directors of FRPL Group have backgrounds in tax, real estate, securities law and recreational property development. Together they offer over 100 years combined experience.

Fairmont Canada

Fairmont Resort Properties Ltd. ("Fairmont Canada") is the largest Canadian-owned developer and marketer of interval vacation ownership condominiums. In the past 28 years, Fairmont Canada has developed a timeshare ownership resort property at Fairmont Hot Springs, British Columbia and, more recently, at its other resorts at Lake Okanagan Resort, Kelowna, B.C., the Makaha Resort & Golf Club on Oahu in the Hawaiian Islands, and Costa Maya Reef Resort at Ambergris Caye in Belize. Fairmont Canada also owns Fairmont Rancho Banderas, a timeshare development near Puerto Vallarta, Mexico, as well as Portofino, a resort in Cabo San Lucas, Mexico. Fairmont Canada owns and markets timeshare units in the Oasis Resort in Mesquite, Nevada, owns a controlling interest in 275 acres of undeveloped land at Lyttle Lake near Fairmont Hot Springs, and operates a fleet of 26 houseboats on Shuswap Lake, B.C. Fairmont Canada also has hotel operations at its Makaha and Lake Okanagan properties.