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CERTIFICATE OF ASSUMED NAME AFTON ALPS RESORT

Wednesday, December 19, 2012 - 12:00am

CERTIFICATE OF

ASSUMED NAME

AFTON ALPS RESORT

STATE OF MINNESOTA

SECRETARY OF STATE

Minnesota Statutes Chapter 333

The filing of an assumed name does not provide a user with exclusive rights to that name. The filing is required for consumer protection in order to enable consumers to be able to identify the true owner of a business.

1. List the exact assumed name under which the business is or will be conducted: Afton Alps Resort

2. Principal Place of Business: 6600 Pellar Ave. S., Hastings, MN 55033

3. List the name and complete street address of all persons conducting business under the above Assumed Name, OR if an entity, provide the legal corporate, LLC, or Limited Partnership name and registered office address: VR US Holdings, Inc., 390 Interlocken Crescent, Broomfield, CO 80021

4. I, the undersigned, certify that I am signing this document as the person whose signature is required, or as agent of the person(s) whose signature would be required who has authorized me to sign this document on his/her behalf, or in both capacities. I further certify that I have completed all required fields, and that the information in this document is true and correct and in compliance with the applicable chapter of Minnesota Statutes. I understand that by signing this document, I am subject to the penalties of perjury as set forth in Minnesota Statutes section 609.48 as if I had signed this certificate under oath.

December 6, 2012

/s/Fiona E. Arnold

Executive Vice President, General Counsel & Secretary

Mila Birnbaum contact person

303-404-1905

12/19-12/26/2012


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