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INTERVAL INTERNATIONAL

IntervalWorld.com

vacation periods, at any time up to 12 months after the first date of occupancy

of the Host Accommodations of the original Confirmation (the “E-Plus Usage

Window”). Once established, the E-Plus Usage Window does not change

upon any subsequent retrade.

(b) When transacting an E-Plus retrade, the member may view available

Host Accommodations, and an E-Plus retrade will be instantly issued if the

desired accommodations are available at the time the retrade is initiated.

Retrade requests may be made online or by telephone.

or more from the first date of occupancy of the original Confirmation or, if

applicable, previously issued retrade, he or she will be entitled to select

available accommodations with travel dates any time up to the expiration of

the E-Plus Usage Window.

(ii) When the Individual Member requests an E-Plus retrade

59 days to 24 hours prior to the first date of occupancy of the original

Confirmation or, if applicable, initial retrade, the member may only select from

accommodations that have occupancy dates commencing up to 60 days after

the first date of occupancy of the original Confirmation or previously issued

retrade. Any subsequent retrade request may only be for Host Accommodations

with occupancy dates 60 days or less prior to the first date of occupancy of

the current retrade.

(iii)

E-Plus may not be used to change Host Accommodations less

than 24 hours prior to the first date of occupancy of the current Host

Accommodations.

(d) Only one purchase of E-Plus may be made as to any particular

Confirmation.

(e)

E-Plus may not be purchased for use with a ShortStay Exchange

Confirmation, an Interval Options Confirmation, or with respect to the

purchase of accommodations through the Getaway Program.

(f)

E-Plus may not be used to secure a retrade where the Host

Accommodations have become unavailable for occupancy for any reason.

Where an Individual Member secures a retrade for accommodations located

in an area prone to damage or destruction due to adverse weather conditions,

earthquakes, or other natural disasters, travel insurance is available through

a third-party provider. Information about travel insurance is available at

IntervalWorld.com.

(g) II’s Exchange Cancellation Policy does not apply to an E-Plus retrade.

II Exchange Cancellation Policy

(a)

The only circumstances under which a Club Program Member using

the Exchange Program may lose the use of his or her Points or, in the case of

a Club Program Exchange Member retaining his or her Vacation Interest as a

Week and in the case of all Individual Members, the use and occupancy of his

or her Week, without being provided Host Accommodations are if such Club

Program Member or Individual Member: (i) cancels a Confirmation seven

days or more prior to the first date of occupancy of the Host Accommodations

being canceled and fails to request substitute exchange accommodations

in accordance with II’s Exchange Cancellation Policy; (ii) cancels a

Confirmation less than seven days prior to the first date of occupancy of the

Host Accommodations being canceled; (iii) cancels or loses the use of a

Confirmation, at any time, due to the threatened or actual damage or

destruction of the Host Accommodations; (iv) cancels a Confirmation for

substitute Host Accommodations which was previously issued to the Club

Program Member or Individual Member under II’s Exchange Cancellation

Policy; or (v) where the use of the Home Resort accommodations by II is

lost or impaired due to circumstances beyond II’s control.

(b)

In addition, any Club Program Exchange Member relinquishing a

Week and any Individual Member may lose the use and occupancy of his or

her Week, without being provided Host Accommodations if, (i) using the

Deposit First method of exchange, such Club Program Exchange Member or

Individual Member fails to submit a valid exchange request within the time

periods specified or requests accommodations that are not available and

fails to accept any alternate locations and/or time periods offered; or (ii) II’s

use of the deposited Week is lost or impaired due to circumstances beyond

II’s control.

(c)

Under II’s Exchange Cancellation Policy, a Club Program Member

or an Individual Member is entitled to cancel a Confirmation by notifying II

of his or her desire to cancel such Confirmation within the first 24 hours

after the exchange request has been confirmed. In the event that the Club

Program Member or an Individual Member has used the Deposit First

method of exchange, the exchange fee shall be refunded and the deposit

will revert to a status such that the Club Program Member or an Individual

Member may redeem the deposit at a future time to place another exchange

request. If a Club Program Member or an Individual Member has used the

Request First method of exchange, the exchange fee will be refunded and

(i) t

he Points used to secure the Confirmation, or

(ii)

the right to occupy the

home resort accommodations shall revert to the Club Program Member or

the Individual Member.

(d)

When a Club Program Member or Individual Member notifies II of

his or her desire to cancel a Confirmation seven days or more prior to the first

date of occupancy of the Host Accommodations being canceled, the Club

Program Member or Individual Member will be entitled to request substitute

exchange accommodations, as long as the Club Program Member or Individual

Member requests travel occurring no later than 12 months following the date

on which the Club Program Member or Individual Member canceled said

Confirmation for the Host Accommodations. However, the time period in

which the Club Program Member or Individual Member is entitled to request

substitute exchange accommodations is limited, as follows:

(i)

When a Club Program Member or Individual Member

notifies II of his or her desire to cancel the Confirmation 60 days or more

prior to the first date of occupancy of his or her Host Accommodations, the

Club Program Member or Individual Member may request substitute

exchange accommodations at any time from the date of cancellation up to

24 hours prior to the first date of occupancy of such substitute exchange

accommodations.

(ii)

When the Club Program Member or Individual Member

notifies II of his or her desire to cancel the Confirmation 59 days to 14 days

prior to the first date of occupancy of his or her Host Accommodations,

the Club Program Member or Individual Member may request substitute

exchange accommodations 59 days to 24 hours prior to the first date of

occupancy of such substitute exchange accommodations.

(iii)

When a Club Program Member or Individual Member notifies

II of his or her desire to cancel the Confirmation 13 days to seven days prior

to the first date of occupancy of his or her Host Accommodations, the Club

Program Member or Individual Member may request substitute exchange

accommodations from limited travel destinations 30 days to 24 hours prior

to the first date of occupancy of such substitute exchange accommodations.

(iv)

II will retain the exchange fee paid initially to secure the

canceled Confirmation.

10. (a)

Notwithstanding the foregoing, a Club Program Member or

Individual Member may not request substitute exchange accommodations

where such Club Program Member or Individual Member has canceled or

has lost the use of a Confirmation as a result of the Host Resort

accommodations being damaged or destroyed.

Accordingly, where a Club

Program Member or Individual Member is issued a Confirmation or a retrade

to a Host Resort located in an area prone to damage or destruction due to

adverse weather conditions, earthquakes, or other natural disasters, travel

insurance is available through a third-party provider. Information about

travel insurance is available at IntervalWorld.com. II reserves the right to

deny a Club Program Member or Individual Member substitute exchange

accommodations under II’s Exchange Cancellation Policy where such Club

Program Member or Individual Member has received compensation for his or

her canceled exchange accommodations pursuant to exchange cancellation

insurance or otherwise.

(b) In all instances that a Club Program Member or Individual Member

requests substitute exchange accommodations pursuant to II’s Exchange

Cancellation Policy, the Club Program Member or Individual Member will

be entitled to request substitute exchange accommodations comparable in

value to the Points or Week relinquished.

Member cancels the Confirmation is the new date of relinquishment in

determining a priority with respect to Paragraph 9 under the section titled

“Week-Based Exchange Method”.

(d) Where a request for substitute exchange accommodations is allowed

under II’s Exchange Cancellation Policy, the Club Program Member or

Individual Member will be required to pay an additional exchange fee at the

time he or she requests substitute exchange accommodations.

(e) II’s Exchange Cancellation Policy does not apply to ShortStay

Exchange Confirmations, Getaway Confirmations, or Interval Options

Confirmations. A cancellation of a ShortStay Exchange Confirmation or

Interval Options Confirmation results in the loss of the Home Resort unit

week or Points relinquished.

11.

Club Program Members and Individual Members may be confirmed

into a resort with weekly time periods beginning on any day of the week.

12. Resort accommodations not confirmed by II to a Club Program

Member, Individual Member, or Other II Member may be used by II for

general commercial purposes.

13.

The Host Accommodations may be used by the Club Program Member

or Individual Member only for personal and noncommercial purposes.

Club

Program Members and Individual Members are expressly prohibited from

exchanging or renting the Host Accommodations, including, but not limited

to, offering the Host Accommodations for sale or rent to third parties through

the use of a Guest Certificate or otherwise. Failure to use the Host

Accommodations will not entitle Club Program Members or Individual

Members to recover any Points or Week relinquished. Confirmations are issued