Exhibit 10.2

SECOND AMENDMENT

SECOND AMENDMENT, dated as of October 4, 2013 (this “Amendment”), to the Amended
and Restated Credit Agreement, dated as of November 30, 2012 (as amended,
supplemented or otherwise modified prior to the date hereof, including as
amended by the First Amendment, dated as of June 12, 2013, the “Credit
Agreement”), among Marriott Vacations Worldwide Corporation, a Delaware
corporation (“MVWC”), Marriott Ownership Resorts, Inc., a Delaware corporation
(the “Borrower”), the several banks and other financial institutions or entities
from time to time party thereto (the “Lenders”), Bank of America, N.A. and
Deutsche Bank Securities Inc., as co-documentation agents, Merrill Lynch,
Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as
co-syndication agents and JPMorgan Chase Bank, N.A., as administrative agent
(the “Administrative Agent”).

W I T N E S S E T H

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make
certain loans and other extensions of credit to the Borrower;

WHEREAS, the Borrower has further requested that the Credit Agreement be amended
as set forth herein; and

WHEREAS, the Required Lenders are willing to agree to this Amendment on the
terms set forth herein.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained
herein, the parties hereto agree as follows:

SECTION 1. Capitalized Terms. Capitalized terms used but not defined herein
shall have the meanings assigned to such terms in the Credit Agreement.

SECTION 2. Amendments. The Credit Agreement shall be amended as of the Amendment
Effective Date (as defined below) as set forth below.

(a) Amendments to Section 1.1 (Defined Terms). Section 1.1 of the Credit
Agreement is hereby amended by inserting the following definition of “Second
Amendment” in proper alphabetical order:

“Second Amendment” means the Second Amendment to this Agreement dated as of
October 4, 2013.

(b) Amendments to Section 7.9 (Investments). Section 7.9 of the Credit Agreement
is hereby amended by deleting the “and” at the end of clause (i), replacing the
period at the end of clause (j) with “; and”, and adding the following new
clause (k) immediately after clause (j) thereof:

“(k) Investments constituting Restricted Payments permitted by Section 7.7.”

SECTION 3. Conditions to Effectiveness of Amendment. This Amendment shall become
effective on the date on which the following conditions precedent have been
satisfied or waived (the “Amendment Effective Date”):

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The Administrative Agent shall have received a counterpart of this Amendment,
executed and delivered by a duly authorized officer of each of (i) the Borrower
and MVWC, (ii) the Required Lenders and (iii) the Administrative Agent.

SECTION 4. Representations and Warranties. Each of the Borrower and MVWC hereby
represents and warrants that (a) each of the representations and warranties
contained in Section 4 of the Credit Agreement are, after giving effect to this
Amendment, true and correct in all material respects (and in all respects if
qualified by materiality) as if made on and as of the Amendment Effective Date
(or to the extent such representations and warranties expressly relate to a
specific earlier date, as of such earlier date); provided, that each reference
to the Credit Agreement therein shall be deemed to be a reference to the Credit
Agreement after giving effect to this Amendment and (b) after giving effect to
this Amendment, no Default or Event of Default has occurred and is continuing.

SECTION 5. Effects on Credit Documents. (a) Except as specifically amended
herein, all Loan Documents shall continue to be in full force and effect and are
hereby in all respects ratified and confirmed.

(b) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of any Lender or the
Administrative Agent under any of the Loan Documents, nor constitute a waiver of
any provision of the Loan Documents.

SECTION 6. Expenses. The Borrower agrees to pay and reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in
connection with the preparation and delivery of this Amendment, and any other
documents prepared in connection herewith and the transactions contemplated
hereby, including, without limitation, the reasonable fees and disbursements of
legal counsel.

SECTION 7. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AMENDMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. EACH PARTY
HERETO HEREBY AGREES AS SET FORTH FURTHER IN SECTION 10.16 OF THE CREDIT
AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.

SECTION 8. Amendments; Execution in Counterparts. (a) This Amendment shall not
constitute an amendment of any other provision of the Credit Agreement not
referred to herein and shall not be construed as a waiver or consent to any
further or future action on the part of the Loan Parties that would require a
waiver or consent of the Required Lenders or the Administrative Agent. Except as
expressly amended hereby, the provisions of the Credit Agreement are and shall
remain in full force and effect.

(b) This Amendment may not be amended nor may any provision hereof be waived
except pursuant to a writing signed by the Borrower, MVWC, the Administrative
Agent and the Required Lenders. This Amendment may be executed in any number of
counterparts and by the different parties hereto on separate counterparts,
including by means of facsimile or electronic transmission, each of which when
so executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.

 

MARRIOTT VACATIONS WORLDWIDE CORPORATION By:   /s/ Joseph J. Bramuchi   Name:  
Joseph J. Bramuchi   Title:   Vice President and Treasurer

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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MARRIOTT OWNERSHIP RESORTS, INC. By:   /s/ Joseph J. Bramuchi   Name:   Joseph
J. Bramuchi   Title:   Vice President and Treasurer

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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JPMORGAN CHASE BANK, N.A., as Administrative Agent and a Lender

By:   /s/ Marc Costantino   Name:   Marc Costantino   Title:   Executive
Director

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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BANK OF AMERICA, as a Lender By:   /s/ Suzanne Eaddy   Name:   Suzanne Eaddy  
Title:   Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender

By:   /s/ Mary Kay Coyle   Name:   Mary Kay Coyle   Title:   Managing Director
By:   /s/ Peter Cucchiara   Name:   Peter Cucchiara   Title:   Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender

By:   /s/ William O’Daly   Name:   William O’Daly   Title:   Authorized
Signatory By:   /s/ Philipp Horat   Name:   Philipp Horat   Title:   Authorized
Signatory

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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THE ROYAL BANK OF SCOTLAND, as a Lender By:   /s/ Timothy J. McNaught   Name:  
Timothy J. McNaught   Title:   Managing Director

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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SUNTRUST BANK, as a Lender By:   /s/ Johnetta Bush   Name:   Johnetta Bush  
Title:   Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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BANK OF HAWAII, as a Lender By:   /s/ Donovan Koki   Name:   Donovan Koki  
Title:   Senior Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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FIRST HAWAIIAN BANK, as a Lender By:   /s/ Derek Chang   Name:   Derek Chang  
Title:   Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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US BANK, NATIONAL ASSOCIATION, as a Lender

By:   /s/ Steven L. Sawyer   Name:   Steven L. Sawyer   Title:   Senior Vice
President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

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WELLS FARGO CAPITAL FINANCE, LLC, as a Lender

By:   /s/ Ajay Jagsi   Name:   Ajay Jagsi   Title:   Vice President

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]