BACHELOR GULCH VILLAGE ASSOCIATION BOARD OF DIRECTORS STATUS April 2011 NAME TITLE CLASS TERM(1) Doug Lovell President D December, 2012 Vice President D December, 2012 Vice President A December, 2011 Vice President B December, 2013 Vice President C December, 2013 (970) 754-5173 dlovell@vailresorts.com Orla Bannan obannan@vailresorts.com (970) 754-2567 Joe Hinds (970) 748-0811 joemhinds@aol.com Peter Schleider pete@rkbcapital.com (612) 308-9043 Alex Iskenderian (970) 496-4149 alexi@vailresorts.com (1) Class A (Residential Single Family) Director term expires at the December, 2011 annual meeting at which time the elected successor holds office for a term of three years. (2) Class B (Residential Multifamily) Director term expires at the December, 2013 annual meeting at which time the elected successor holds office for a term of three years. (3) Class C (Commercial incl. Retail, Spa & Hotel) Director term expires at the December, 2013 annual meeting at which time the elected successor holds office for a term of three years, voting is 1 voting unit per 2 hotel rooms and 1 voting unit per 150 sq. ft. commercial space. (4) Class D (Ski) Director terms expire December, 2012, successors hold office for a term of three years.