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ORIS FAQ

Two Membership system:

i) DRHP – Portuguese title system;

ii) ORIS - the Club Membership System.

The system of Real Rights (DRHP) is regulated in Portugal and is a very complex system. Even though the DRHP is a Real Right it carries no entitlement for the holder to the Real Estate at the Club but only the right of occupation of the week(s).

In the DRHP System any transaction or any act related to a week(s) should be inscribed on the title and duly registered, after the signatures have been recognised by a lawyer or a notary.

This system is very bureaucratic and takes a lot of time and expense and whenever it is necessary to transfer a title this process has to be completed each time.

This is a system much more flexible and provides the possibility to exchange and sell weeks without the current bureaucracy and with reduced costs.

Most importantly a Member’s rights in relation to their occupancy remain guaranteed by using the alternative internal system, ORIS, with the ultimate guarantee being that the Members collectively own QDLCCL and QPS and therefore control its administration through the Directors they appoint annually.

The alternative Occupancy Rights (internal system), ORIS, has many advantages, not only for Members as owners of weeks, but also as the owners of the Club. This system is much more flexible and provides the possibility to exchange and sell weeks without the current bureaucracy and with reduced costs.

In ORIS the transfer of Titles will be easier by avoiding the heavy bureaucratic process and costs incurred under the current system. This is especially relevant to transfers at the death of a Member when, unlike the present system, a transfer is effected by nominating an heir to succeed to the weeks owned, without having to provide all the documentation, and incurring the costs.

All transfers, including upon the death of a Member, which result in the inheritance by the heir, will be made in accordance with the alternative ORIS rules.

If you are Club Member., you can.

The first step is contact the Club

Ângela Sousa – Tel. 0351 289 352 364 email: sales@qdlcc.com

Yes, you have. The transfer of Titles is achieved by QPS signing a swap contract (Permuta) with the Member which confers a right of occupancy to his/her week(s) and continued Club Membership. Most importantly a Member’s rights in relation to their occupancy remain guaranteed by using the alternative internal system, ORIS, with the ultimate guarantee being that the Members collectively own QDLCCL and QPS and therefore control its administration through the Directors they appoint annually.

As Members you are eligible except: - Under Heritage process; - One or more Holders is not alive and no heritage process has been completed in Portugal; - Management fees unpaid; - Membership suspended;

- DRHP Titles will be swapped by a contract with QPS, S.A. - Title deposited with QPS, S.A. - QPS, S.A. Guarantees the same rights as QDLCC, Ltd. - Weeks transferred to QPS, S.A. By power of attorney - QDLCC Certificate will remain the same - ORIS rights have the same duration as the DRHP Title - No tax liability in residence country - Original cost value of week(s) remain the same

• Original Title Deed (s) • Membership Certificate (s) • Complementary document • Copies of passport(s) • Portuguese tax number (letter with authorization) • Power of Attorney • Letter of request to change to ORIS

Registration Fees (€250 per week) Lawyers’ fees to certify signatures (€25 per signature) Stamp Duty (0,8% of the value of transaction) Administrative Fees (€100 per process)

Registration Fees (€250 per week) Lawyers’ fees to certify signatures (€25 per signature) Stamp Duty (0,8% of the value of transaction) Administrative Fees (€100 per process)

The first step is contact the Club Ângela Sousa – Tel. 0351 289 352 364 email: sales@qdlcc.com
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