SEC Contract Filing

Filing Date: 2019-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.54
<SEQUENCE>2
<FILENAME>exhibit1054formofamend.htm
<DESCRIPTION>EXHIBIT 10.54
<TEXT>
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<div><a name="s634e1a800b1241b9a6d4b96002ca5516"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.54</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:right;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">October 31, 2018</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM OF Amendment AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;">This AMENDMENT AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;) is made, by and between _____________________ (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">_________</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:inherit;font-size:10pt;">Marriott Vacations Worldwide Corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;), as of this October 31, 2018.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, Company and ________ entered into a letter agreement re: Base Warrants confirming the terms of a base warrant transaction (such confirmation, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Base Warrant Confirmation</font><font style="font-family:inherit;font-size:10pt;">&#8221; and such transaction, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Base Warrant Transaction</font><font style="font-family:inherit;font-size:10pt;">&#8221;) dated September 20, 2017 and a letter agreement re: Additional Warrants confirming the terms of an additional warrant transaction (such confirmation, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Additional Warrant Confirmation</font><font style="font-family:inherit;font-size:10pt;">&#8221; and together with the Base Warrant Confirmation, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Confirmations</font><font style="font-family:inherit;font-size:10pt;">&#8221; and such transaction, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Additional Warrant Transaction</font><font style="font-family:inherit;font-size:10pt;">&#8221;) dated September 21, 2017;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, in connection with Company&#8217;s acquisition of ILG, Inc., Company issued ____________ shares of Company&#8217;s common stock and has requested an amendment to the Base Warrant Transaction and the Additional Warrant Transaction,</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, in consideration of their covenants contained herein, the parties hereto, intending to be legally bound, hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Definitions</font><font style="font-family:inherit;font-size:10pt;">. Any capitalized term that is used but not defined herein shall have the meaning given thereto in the relevant Confirmation. </font></div><div style="line-height:120%;padding-left:0px;padding-top:16px;text-align:justify;text-indent:48px;"><font style="padding-top:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendment to the Confirmations. </font><font style="font-family:inherit;font-size:10pt;">Effective as of the date hereof, the terms opposite &#8220;Method of Adjustment&#8221; in Section 3 of each Confirmation shall be amended by replacing &#8220;12.5&#8221; with &#8220;18&#8221; in the second sentence therein.</font></div><div style="line-height:120%;padding-left:0px;padding-top:16px;text-align:justify;text-indent:48px;"><font style="padding-top:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">3.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Representations and Warranties.</font><font style="font-family:inherit;font-size:10pt;">&#32;&#32;</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-fami