POTENTIAL ABSORPTION SCHEDULE BASED ON RCLCO'S DEMAND ANALYSIS AND PROJECTED ABSORPTION BY PRODUCT, COTINO™, A STORYLIVING BY DISNEY™ COMMUNITY, IS PROJECTED TO SUBSTANTIALLY SELL ALL UNITS WITHIN 7 YEARS ► Absorption would peak at 310 units in 2025 and 2026 when all product are offered and the community has built momentum. ► A fully segmented program of product types would be offered Between 2024 and 2027 with absorption would average 292 units per year Town Center Condo Condo Builder 40's / 50's - Alley-Loaded Builder 50's - Front-Loaded Builder 60's Builder 70's Builder 90's Builder 120's / Bob Hope TOTAL 2023 34 32 29 24 14 133 2024 48 48 42 40 36 30 18 262 Potential Absorption Schedule 2025 48 48 48 42 40 36 30 18 2026 48 48 48 42 40 36 30 18 310 310 2027 48 48 48 28 40 36 18 18 284 2028 48 54 60 6 48 6 222 2029 48 60 28 24 160 2030 54 60 114 2031 43 60 103 2032 34 34 Source: RCLCO DPEP | Cotino™, a Storyliving by Disney™ Community | Rancho Mirage, California R1-12149.06 | March 25, 2022 | 41