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Purchase Proposal

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Purchase and Member Service Agreement

Vacation Repair
160 Court Ave
Suite 5
Sevierville, TN 37862
(800) 840-8088

Purchase and Member Service Agreement: This is an agreement whereby Vacation Repair ("Seller") agrees to sell to Members listed above ("Member") and Member agrees to purchase an Access License to www.Vacationrepair.com ("Website") subject to the Terms and Conditionsof this Agreement.

Promise to Pay and Payment Terms: Member promises to pay Seller the principal amount, plus interest, as detailed below, from the date of this Agreement until paid in full. Member agrees to pay according to the payment schedule and late charge provisions show in the Truth-In-Lending Disclosures. Member agrees to pay any additional amounts according to the Terms and Conditions of this Agreement.

Late Charges: If a payment is not paid in full within 10 days of its scheduled due date scheduled due date, you will be charged 5.00% of the payment or $25.00 whichever is greater.

Prepayment: If you pay off early, you will not have a prepayment penalty. See your Agreement Terms and Conditions for any additional information about nonpayment or default.

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ANNUAL % RATE

The cost of your credit as a yearly rate

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FINANCE CHARGE

The dollar amount the credit will cost you

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AMOUNT FINANCED

The amount of credit provided to you on your behalf

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TOTAL OF PAYMENTS

The amount you will have paid afteryou have made all payments

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TOTAL SALES PRICE

The total cost of your purchase on credit including your down payment

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I understand that I am purchasing an Access License affording me the benefits to an annual membership in the Website including rights to renew yearly. By signing this Agreement, I acknowledge that I have read and understand the Summary Terms and Conditions, Members Acknowledgment and by signing onto the Website, I agree that the full Terms and Conditions Member has a three (3) day right of rescission. Seller will rely upon this representation and acknowledgement in accepting this representation and acknowledgement in accepting Member Member obligation and granting credit. Member further represents to the Seller that Member received a copy of this agreement, the document was complete and that all blanks in the form ere filled in prior to signing it. There are no implied warranties of merchantability, which extend beyond that described terms and conditions contained here in.

DOWN PAYMENT AUTHORIZATION

I hereby authorize Vacation Repair to charge my credit card indicated below as an ACH, transaction as a payment in the amount shown to the right.

RECURRING MONTHLY PAYMENT AUTHORIZATION

You authorize regularly scheduled charges to your Credit Card. You will be charged the amount indicated below for each billing period until the designated expiration date. A receipt of payment will appear on your credit card statement. Recurring payments will make your life easier: Its convenient (saving you time and postage) and your payment is always on time, eliminating late charges.

I hereby authorize Vacation Repair to charge my credit card indicated below as an ACH, transaction as a payment in the amount shown to the right.

I authorize Vacation Repair to charge the credit card indicated on this authorization form (or other attached forms) in according to the terms outlined above. I understand that this authorization will remain in effect until the designated expiration date or until I cancel in writing, whichever comes first, and I agree to notify the business in writing of any changes in my account information or termination of this authorization at least 15 days prior to the next billing date. If the above noted payment dates fall on a weekend or holiday. I understand that the payments may be executed on the next business day. I certify that I am an authorized user of this credit card and that I will not dispute the payments with my credit card company provided the transactions correspond to the terms indicated in this

"Notice Of Cancellation"

"YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBILIGATION WITHIN THREE BUSINESS DAYS FROM THE ABOVE DATE.

IF YOU CANCEL, ANY PROPERY TRADED IN, ANY PAYMENTS MADE BY YOU UNDER THE CONTRACT OR SALE, AND ANY NEGOTIABLE INSTRUMENT EXECUTED BY YOU WILL BE RETURNED WITHIN 10 BUSINESS DAYS FOLLOWING RECEIPT BY THE SELLER OF YOUR CANCELLATION NOTICE, AND ANY SECURITY INTEREST ARISING OUT OF THE TRANSACTION WILL BE CANCELLED.

TO CANCEL THIS TRANSACTION, EMAIL A SIGNED AND DATED COPY OF THIS CANCELLATION NOTICE.

EMAIL TO: admin@vacationrepair.com NOT LATER THAN MIDNIGHT OF DATE:

I HEREBY CANCEL THIS TRANSACTION.

Summary Terms and Conditions

Congratulations on your decision. This Website has been built for easy navigation allowing you to quickly find the best travel the Interne has to offer. The Website gives you access to special travel and leisure products and exclusive opportunities to rent timeshare accommodations that are only available to its Members. The Summary Terms and Conditions, along with Full Terms and Conditions that you can access on the Website, contain important information about your membership and how to access and use your benefits. We encourage you to log onto the Website, set up your vacation preference and browse some of the amazing offers that have been put together for you and your family.

Definitions:"Agreement" means this Document along with other disclosures, terms and conditions found on the Website. "Website" means access point for www.vacationrepair.com. "Member" means you and the person orpersons named at the beginning of this Agreement."Seller" means Vacation Repair. "Website Administrator" means independent 3rd partyfacilitating travel arrangements.

Payments: I promise to pay the Seller the amounts due under this Agreement and to make payments pursuant to the terms and provisions of this Agreement. Each payment I make on this Agreement will be applied first to interest that is due, and then to principal that is due. The actual amount of my last payment will depend on my paperwork record. Any payment method,other than the contracted method, may be transacted electronically at the discretion of the Seller.

Prepayment or Refinancing: Member may pay this debt in full before the final scheduled payment date without penalty.

Default: Member shall be in default of this Agreement if: (1) Member fails to pay any scheduled installment when due; (2) Member fails to perform any other obligations contained in this Agreement.

Remedies upon Default: If Member is in default under this Agreement, Seller may exercise any and all of its rights and remedies as a party under Tennessee law, including the right to cancel privileges with Website with orwithout judicial process. Sellers remedies upon default include but are not limited to: (1) Seller may, at its option, without notice or demand,declare immediately due and payable the entire unpaid balance of this Contract; Member grants to Seller all those rights, privileges andprotection. Member authorizes Seller to contact Member using phone, cell phone, email and other electronic means for collection, Member agree to pay theamounts actually incurred including but not limited to court costs and collection fees.

Warranty: there are no warranties expressed or implied, including the implied warranties of merchantability or fitness for a particular purpose.The Access License is purchases without express or implied warranties from Sellerand Seller disclaims all warranties of merchantability.

Obligations Independent: Each person who signs this Agreement agrees to pay this according to its terms. This means that Member must pay this Agreement even if someone else has also signed it; you will still be obligatedto pay this Agreement even if the co-member may be released from the Agreement.

Assignment: You agree that Seller may, at its discretion, assign its interest in this Agreement to a third party.

Privacy/Credit Investigation: In connection with this agreement, the Seller or Assignee may investigate Member credit history and obtain your credit profile from one or more Credit Reporting Agencies. Member agrees that from time to time Seller may receive credit information about me from others, including other lenders and credit reporting agencies. I agree that Seller may furnish, on a regular basis, credit and experience information regarding my loan to others seeking such information, to the extent permitted by law. By signing this Agreement, you consent ot this action.

Membership Term: The Initial Term of this Membership is twelve consecutive months from the date your membership is activated giving you access to the Website. This means that your payment has processed and yourrescission period has passed. Prior to the anniversary of the Initial Term, you will be able to renew your Membership for twelve months("Additional Term") upon the payment of the Annual Membership Renewal Fee. Members will be able to renew their memberships for as long as theyremain in good standing. Members in good standing will have access to the Website and all of the Benefits then in effect.

Membership Renewal Fee: In addition to the Initial Access License Fee, you will have the option to renew your membership is activated Seller or other third party maintaining Website, thus keeping your membership active for an Additional Term(s). Seller or other third party reserves the right to increase or decrease the Annual Membership Renewal Fee from time to time. Single and multi-year renewals are payable and due at the time of renewal.

Refund Terms: Each membership enrollment is entitled to cancellation and refund under the laws of the State of Tennessee where the transaction of funds occurred and agreement was consummated by Seller. Refund requests for enrollment fees must be post marked within the allotted refund period or sent by facsimilie transmission (855-855-9788), certified mail or other date-stamed proof of delivery service to Vacation Repair, Attn: Processing, 3000 Green Mountain Drive, Suite 107-130, Branson, MO 65616. All collateral membership materials must be returned prior to processing your request.

Benefit: "Benefit" means any products or services offered on the Website. The following Benefits are currently offered on the Website: Vacation Packages, Customer Vacation Packages, Nightly Stays, Weekly Stays, Signature Weeks, Timeshare Exhange, Conversion of Timeshare or Vacation Property into Reward Credits used on the website, Tours, Cruises, Cars, V.O.I.C.E.sm, List Your Vacation Property for Rental, Activities and Excursions, Emergency Travel Services, Guest Passes Local Ratings andReviews, Newsletter, Personal Concierge, Reward Credits Program, Message Center, and Vacation Preference Matching A complete description ofeach Benefit appears on the Website, as well as any additional costs included without limit: taxes, parking, resort fees, usage fees, all inclusive charges, additional guest(s) charges, housekeeping service, room service, reservation modification fees, and cancellation fees. Failureto comply with any of these Terms and Conditions or

Benefit Terms of Use may result in the inability to make a reservation, cancellation of reservation or booking, or additional charges or fees. We recommend you visit the Website often for the most current information about Benefits and Benefit Terms of Use.

Reservations and Cancellations: You will be able to make reservations online or through an independent customer service representative.In the event a Benefit provider does not accept or confirm a reservation, or the Benefit becomes unavailable for any reason, you will be offered a substitution of equal or greater value. If no substitution is available or the substitution does not satisfy you when you are notified of the substitutuion, a full refund of the amount you paid for the reservation will be issued. It is imperative that you read and understand the Benefit Terms of Use provided on the Website before you request a reservation or booking. If you fail to adhere to the Benefit Terms of Use, and initiate a chargeback through your credit card merchant, your reservation may be cancelled, you may be subject to additional charges or fees, and/or your Membership may be deactivated.

Best Rate Guarantee: Vacation Packages, Excursions, Cruise Sailings and Tours are eligible for the Website Best Rate Guarnatee. The Best Rate Guarantee requires written proof of the availability of the identical produc at a lower rate within 48 hours of booking. Rates will be verified and must be available to the public. Additional restrictions may apply. See online description of Best Rate Guarantee for full details.

Representations and Acknowledgements by Member: Member represents and warrants that you are of legal age and capacity to enter into this Agreement and participate in the Website.You will use the Website solely for personal enjoyment and not for resale or profit.No representations have been made to you for the purposes of tax benefits, investment, ownership in the Website, or equitiy interest in Seller or any Benefit providers. you further acknowldge that this Agreement constitutes an agreement between you and Seller. You understand and agree that Membership in the Website is a non-exclusive limited renewable license to use the Website and access the Benefits offered. Deposit of Members week into V.O.I.C.E. sm or other requires that Member be current in allelements of your timeshare ownership. You agree to indemnify and hold harmless seller and their related and unrelated intities for any demands,claims, liens, contracts, covenants, actions, suites, causes of action, obligations, costs, expenses, attorneys fees, controversies, judgements,liabilities, damage, loss or theft of personal property, and injury or bodily harm of any kind related touse, oral statements,or in connection with anyBenefit on the Website or its practices. Any claim arising out of use or in connection with the Website or any Benefit, whether past or current, will be limited to the current amount paid for the Annual Membership Renewal Fee at the time the incident of the claim occured.

Miscellaneous: Both this Agreement and Membership are transferrable by Members in good standing upon express written consent by Seller.Transfer fees may apply. If any part of this Agreement shall be deemed invalid under applicable law, the remaining parts of this Agreement shall be in full force and effect as though any unenforceable part or parts were not written into this Agreement. In construing this Agreement, the singular tense shall be deemed to include the plural, the male or neuter gender shall mean and comprehend all genders and the usage of "you", your or any variation thereof shall refer to the Member. The headers of each subsection are for reference purposes only and shall not affect the meaning or interpretation of the Agreement. This Agreement shall be binding upon the Member and Seller and their legal representatives,successors and assigns. the failure to exercise any right or provision in this Agreement shall not be deemed a waiver of the right or a modifacation to the Agreement. This Agreement shall be governed and construed in accordance with the laws of the State of Missouri. Any action to enforce this Agreement shall be brought in the State of tennessee. Sales tax, if any, becomes the resonsibility of the Member. The Website Adminidstrator reserves the right to add, remove or substitute any and/or all Benefits offered. Further, the Website Administrator reserves the right to create,set, or modify any terms and conditions of Membership, Benefits or pricing on the Website.

Applicable Law: This Contract will be governed by the laws of the State of Tennessee. This Agreement of the parties and any modification or revision of this Contract must be in writing.

Adminstration of the Website: The Website is administered by an independent 3rd party, known as "SOR" and its affiliate "VBS". SOR is responsible for managing and maintaining the Website Benefits, unless otherwise stated on the Website. SOR and VBS reserve the right to add,remove or substitute any and/or all Benefits offered through the Website. SOR reserves the right to upgrade or modify the navigation of the Website from time to time. Further, SOR and VBS reserve the right to create, set, or modify any Benefit Terms of Use including availability and pricing. SOR will process and confirm reservation requests and bookings, and will offer substitutions, if necessary. VBS has a business client relationship with Seller. Seller is not affiliated, co-owned, co-managed, or a subsidiary of VBS or SOR.

Members Acknowledgment

The Members Acknowledgment ("Acknowledgement") highlights certain rights and obligations of Membership with Website. The terms below are brief descriptions of some of the important Benefits of the Membership and are available in more detail in the Agreement. These terms are presented for the purpose of full disclosure and by initialing next to each numbered paragraph, you are confirming that yo have read and understand each statement.

Members_initials

1. I understand that my Membership will be activated by Seller, after solidification, acceptance, transaction of funds, and will continue for twelve (12) consecutive months.

2. I understand that my Website Membership renews annually upon payment of my Membership Renewal Fee. The current renewal fee is $199.00 USD.

3. I understand that I have signed a legal and binding agreement and that no oral promises have been made other than what appears in this printed agreement.

4. I understand that should my deposited week have a usage date that is after my Membership Renewal date with Website, I will be responsible for the payment of that years Membership Renewal fee, prior to receiving my credits. Applies to Exchange License only. ( * Applies to Timeshare Owners Only)

5. I understand I may have the ability to convert my timeshare(s) to travel credits and use them for a variety of travel options including Vacation Packages, Nightly Stays, Weekly Stays, Car Rentals, Cruises, Tours, Special Events, or use my timeshare(s) as rental properties all through the Website. To convert my timeshare into Travel Credits I must deposit it with the Website option entitled V.O.I.C.E.sm and follow the written instructions on the website. Applies to Exchange License only. (*Time Share Owners)

6. I understand that I may use cash or Travel Credits for booking travel options.

7. I understand that certain Benefits that are available on the Website today may be modified, removed or substituted at any time without notice. I further understand that additional benefits may be added.

8. I understand that all reservation and exchange requests are made through the Website, or by calling a customer service representative at 858-622-2904, and are based on availability. Should I need additional credits, to complete my travel, or book additional travel, I can purchase additional credits.

9. I understand that rates and pricing listed on the Website are only available to Members. Some Benefits may have additional costs, which will be listed or explained on the Website.

10. I understand that the Website is intended for my personal use, enjoyment, and that of my family and guests, and it may not be resold, transferred or re-assigned without written notification and acceptance from Seller.

11. I understand that I am purchasing an Access License from Seller with renewal rights.

12. I understand as a Website Member I will abide by the Terms and Conditions of the Membership, a copy of which has been provided to me along with the Website brochure.

Membership

You are entitled to receive and enjoy all of the exciting benefits of Vacation Reapir and its travel services. These services include the following:

Select & Short Notice Condo Weeks

Hotel & Cruise Getaways

Concierge Travel Services

10 Free Guest Pass

Rewards Credit Program

Administrative Director: Clayton York (800)840-8088

To speak with a reservation specialist and book these benefits please call the

Reservation Center at: (858) 622-2904

Vacation Representative:
Main Office:
Clayton York
160 Court Ave.
Suite 5
Sevierville, TN 37862
Phone:
(800) 840-8088
Fax:
(855) 855-9788
Email:
Admin@vacationrepair.com
Website:
www.vacationrepair.com
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