<SEC-DOCUMENT>0001140361-25-031043.txt : 20250814
<SEC-HEADER>0001140361-25-031043.hdr.sgml : 20250814
<ACCEPTANCE-DATETIME>20250814080120
ACCESSION NUMBER:		0001140361-25-031043
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20250812
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20250814
DATE AS OF CHANGE:		20250814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hilton Grand Vacations Inc.
		CENTRAL INDEX KEY:			0001674168
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS, ROOMING HOUSE, CAMPS & OTHER LODGING PLACES [7000]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				812545345
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37794
		FILM NUMBER:		251214456

	BUSINESS ADDRESS:	
		STREET 1:		6355 METROWEST BOULEVARD, SUITE 180
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32835
		BUSINESS PHONE:		407-722-3100

	MAIL ADDRESS:	
		STREET 1:		6355 METROWEST BOULEVARD, SUITE 180
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32835
</SEC-HEADER>
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      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>

      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>

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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">
        <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">CURRENT REPORT</div>

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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Pursuant to Section 13 or 15(d)</div>

      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">of the Securities Exchange Act of 1934</div>

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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Date of Report (Date of Earliest Event Reported): August 14, 2025 (<ix:nonNumeric name="dei:DocumentPeriodEndDate" id="Fact_24b48a0d574e4aec951764a398933769" contextRef="c20250812to20250812" format="ixt:date-monthname-day-year-en">August 12, 2025</ix:nonNumeric>)<br/>
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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Not Applicable</div>

      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">(Former Name or Former Address, if Changed Since Last Report)</div>

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      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
        following provisions:</div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"> <br/>
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    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
            </td>

  </tr>

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    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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  </tr>

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    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
            </td>

  </tr>

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    <td style="width: 18pt; vertical-align: top;">
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    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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      <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify; text-indent: 18pt;">Securities registered pursuant to Section 12(b) of the Act:</div>

      <div><br/>
      </div>

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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Title of each class</span></div>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Trading Symbol(s)</span></div>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;"><span style="text-decoration: underline;">Name of each exchange on which registered</span></div>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:Security12bTitle" id="Fact_537befd33f504c89a4baa9384cf30fe6" contextRef="c20250812to20250812">Common Stock, $0.01 par value per share</ix:nonNumeric><br/>
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              <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><ix:nonNumeric name="dei:TradingSymbol" id="Fact_825d2a196dc742bea905fb3b185bc76c" contextRef="c20250812to20250812">HGV</ix:nonNumeric><br/>
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      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Sec.230.405 of this
        chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Sec.240.12b-2 of this chapter).</div>

      <div><br/>
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      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Emerging growth company&#160; <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_04085a1195f74ade8f83e7196af7d51b" contextRef="c20250812to20250812" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></div>

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      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
        revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&#160; <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#9744;</span></div>

      <div><br/>
      </div>

      <div>
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      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Item 1.01.</div>

      <div style="margin: -16px 0px 0px; padding: 0px 0px 0px 72pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"> Entry into a Material Definitive Agreement.</div>

      <div><br/>
      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On August 12, 2025, Hilton Grand Vacations Inc. (the &#8220;Company&#8221;), and certain entities managed by affiliates of Apollo Global Management, Inc. (the &#8220;Selling
        Stockholders&#8221;), entered into an Underwriting Agreement (the &#8220;Underwriting Agreement&#8221;) with Wells Fargo Securities, LLC (the &#8220;Representative&#8221;), as representative of the several underwriters (the &#8220;Underwriters&#8221;), in connection with the offer and sale
        by the Selling Stockholders (the &#8220;Offering&#8221;) of 7,000,000 shares of the Company&#8217;s common stock, $0.01 par value per share (the &#8220;Common Stock&#8221;), and, at the option of the Underwriters, up to an additional 1,050,000 shares of Common Stock. On August
        13, 2024, the Underwriters exercised their option to purchase an additional 1,050,000 shares of Common Stock in full.&#160; The Offering and the Share Repurchase (as defined below) are expected to close on August 14, 2025.</div>

      <div><br/>
      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Company intends to purchase 933,488 shares of Common Stock from the Underwriters as part of the Offering (the &#8220;Share Repurchase&#8221;). The Share Repurchase
        will be made under the share repurchase plans approved by the Company&#8217;s board of directors. The Underwriters will not receive any underwriting fees for the shares repurchased by the Company.</div>

      <div><br/>
      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">All the shares of Common Stock to be sold in the Offering are being sold by the Selling Stockholders. The Company will not receive any of the proceeds from
        the sale of shares of Common Stock by the Selling Stockholders in the Offering.</div>

      <div><br/>
      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-289538) filed with the Securities and Exchange Commission on
        August 12, 2025 (the &#8220;Registration Statement&#8221;), a prospectus, dated August 12, 2025, included as part of the Registration Statement and a preliminary prospectus supplement, dated August 12, 2025 and filed with the Securities and Exchange Commission
        on August 13, 2025 and final prospectus supplement, filed with the Securities and Exchange Commission on August 14, 2025. The Underwriting Agreement contains certain customary representations, warranties and agreements by the Company and the
        Selling Stockholders, conditions to closing, indemnification rights and obligations of the parties and termination rights. The Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference. The foregoing
        description of the terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit.</div>

      <div><br/>
      </div>

      <div style="text-align: left;">
<div><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 9.01.</span></div>

        <div style="margin: -16px 0px 0px; padding: 0px 0px 0px 72pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Financial


            Statements and Exhibits.</span></div>

      </div>

      <div><br/>
      </div>

      <div style="text-align: left; text-indent: 36pt;">
<div><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)</span></div>

        <div style="margin: -16px 0px 0px; padding: 0px 0px 0px 72pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; text-indent: 0pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Exhibits.</span></div>

      </div>

      <div style="text-align: left; text-indent: 36pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br/>
        </span></div>

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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Exhibit No.</div>
            </td>

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              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Description</div>
            </td>

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    <td style="width: 54pt; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); white-space: nowrap;">&#160;</td>

    <td style="width: 18pt; vertical-align: top;">&#160;</td>

    <td style="vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>

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    <td style="width: 54pt; vertical-align: top; white-space: nowrap;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><a href="ny20053112x5_ex1-1.htm">1.1</a></div>
            </td>

    <td style="width: 18pt; vertical-align: top;">&#160;</td>

    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Underwriting Agreement, dated <span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">August 12, 2025</span>, by and among
                Hilton Grand Vacations Inc., certain stockholders named therein and Wells Fargo Securities, LLC as Representative of the Underwriters named therein.</div>
            </td>

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    <td style="width: 54pt; vertical-align: top; white-space: nowrap;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">104</div>
            </td>

    <td style="width: 18pt; vertical-align: top;">&#160;</td>

    <td style="vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Cover page Interactive Data File (embedded with the Inline XBRL document).</div>
            </td>

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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">SIGNATURE</div>

      <div><br/>
      </div>

      <div style="text-align: left; text-indent: 18pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
        behalf by the undersigned hereunto duly authorized.</div>

      <div><br/>
      </div>

      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000; border-spacing: 0;">


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    <td style="width: 50%; vertical-align: top;" colspan="2">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">HILTON GRAND VACATIONS INC.</div>
              <div>&#160;</div>
              <div>&#160;</div>
            </td>

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    <td style="width: 50%; vertical-align: top;">&#160;</td>

    <td style="width: 5.76%; vertical-align: top;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">By:</div>
            </td>

    <td style="width: 44.24%; vertical-align: bottom; border-bottom: #000000 2px solid;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">/s/ Charles R. Corbin</div>
            </td>

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    <td style="width: 50%; vertical-align: top;">&#160;</td>

    <td style="width: 5.76%; vertical-align: top;">&#160;</td>

    <td style="width: 44.24%; vertical-align: bottom; border-top: #000000 2px solid;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Charles R. Corbin</div>
            </td>

  </tr>

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    <td style="width: 50%; vertical-align: top;">&#160;</td>

    <td style="width: 5.76%; vertical-align: top;">&#160;</td>

    <td style="width: 44.24%; vertical-align: bottom;">
              <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Senior Executive Vice President, General Counsel &amp; Corporate Operations</div>
            </td>

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      <div><br/>
      </div>

      <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Date:</div>

      <div style="margin: -16px 0px 0px; padding: 0px 0px 0px 36pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">August 14, 2025</div>

      <div><br/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>ny20053112x5_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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    <title></title>
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         Copyright 1995 - 2025 Broadridge -->
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      <div style="font-weight: bold; text-align: right;">Exhibit 1.1<br>
      </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: right; font-style: italic; font-weight: bold;">Execution Version</div>
      </div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; font-weight: bold;"><a name="z_Hlk205898985"></a>Hilton Grand Vacations Inc.</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">Common Stock, par value $0.01 per share</div>
        <div>
          <div><br>
          </div>
          <div>
            <hr noshade="noshade" align="center" style="height: 2px; width: 10%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div><br>
          </div>
        </div>
        <div style="text-align: center; font-weight: bold;"><u>Underwriting Agreement</u></div>
        <div><br>
        </div>
        <div style="text-align: right; font-weight: bold;">August 12, 2025</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Wells Fargo Securities, LLC</div>
        <div style="text-align: justify;">500 West 33rd Street, 14th Floor</div>
        <div style="text-align: justify;">New York, New York 10001</div>
        <div><br>
        </div>
        <div style="text-align: justify;">As Representatives of the several Underwriters</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Ladies and Gentlemen:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">The stockholders of Hilton Grand Vacations Inc., a Delaware corporation (the &#8220;Company&#8221;), named in Schedule I hereto (the &#8220;Selling Stockholders&#8221;) propose, subject to the terms and conditions
          stated herein, to sell to the several Underwriters named in Schedule II hereto (the &#8220;Underwriters&#8221;), for whom you are acting as representatives (&#8220;you&#8221; or the &#8220;Representatives&#8221;), an aggregate of 7,000,000 shares (the &#8220;Initial Shares&#8221;) of common
          stock, par value $0.01 per share (the &#8220;Stock&#8221;), of the Company, and, at the election of the Underwriters, up to 1,050,000 additional shares (the &#8220;Option Shares&#8221;) of Stock of the Company. The Initial Shares and the Option Shares that the
          Underwriters elect to purchase pursuant to Section 2 hereof are herein collectively called the &#8220;Shares.&#8221; Subject to the sale of the Shares by the Selling Stockholders to the Underwriters in compliance with the terms of this agreement (the
          &#8220;Agreement&#8221;), the Underwriters have agreed to sell to the Company, and the Company has agreed to purchase from the Underwriters (the &#8220;Share Repurchase&#8221;) an aggregate of 933,488 shares of Common Stock (such shares, the &#8220;Repurchase Shares&#8221;)
          pursuant to Section 3 of this Agreement. This Agreement is to confirm the agreement concerning the purchase of the Shares from the Selling Stockholders by the Underwriters, and the purchase of the Repurchase Shares from the Underwriters by the
          Company. To the extent there are no additional Underwriters listed on Schedule II other than you, the term Representatives as used herein shall mean you, as Underwriters, and the terms Representatives and Underwriters shall mean either the
          singular or plural as the context requires. In addition, to the extent that there is not more than one Selling Stockholder named in Schedule I, the term Selling Stockholders shall mean either the singular or plural as the context requires.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) The Company represents and warrants to, and agrees with, each of the Underwriters that:</div>
        <div><br>
        </div>
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        </div>
        <!--PROfilePageNumberReset%Num%2%%%-->
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;An &#8220;automatic shelf registration statement&#8221; as defined under Rule 405 under the Securities Act of 1933, as amended (the
          &#8220;Act&#8221;), on Form S-3<font style="font-weight: bold;">&#160;</font>(File No. 333-289538) in respect of the Shares has been filed with the Securities and Exchange Commission (the &#8220;Commission&#8221;) not earlier than three years prior to the date hereof; such
          registration statement, and any post&#8209;effective amendment thereto, became effective on filing; and no stop order suspending the effectiveness of such registration statement or any part thereof has been issued and no proceeding for that purpose has
          been initiated or, to the knowledge of the Company, threatened by the Commission, and no notice of objection of the Commission to the use of such registration statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the
          Act has been received by the Company; the base prospectus filed as part of such registration statement, in the form in which it has most recently been filed with the Commission on or prior to the date of this Agreement, is hereinafter called the
          &#8220;Basic Prospectus&#8221;; any preliminary prospectus (including any preliminary prospectus supplement) relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Act is hereinafter called a &#8220;Preliminary Prospectus&#8221;; the various
          parts of such registration statement, including all documents incorporated by reference in the prospectus contained therein, including all exhibits thereto and including any prospectus supplement relating to the Shares that is filed with the
          Commission and deemed by virtue of Rule 430B to be part of such registration statement, each as amended at the time such part of the registration statement became effective, are hereinafter collectively called the &#8220;Registration Statement&#8221;; the
          Basic Prospectus, as amended and supplemented immediately prior to the Applicable Time (as defined in Section 1(a)(iii) hereof), including by any Preliminary Prospectus relating to the Shares, is hereinafter called the &#8220;Pricing Prospectus&#8221;; the
          form of the final prospectus relating to the Shares filed with the Commission pursuant to Rule 424(b) under the Act in accordance with Section 5(a) hereof, is hereinafter called the &#8220;Prospectus&#8221;; any reference herein to the Basic Prospectus, any
          Preliminary Prospectus, the Pricing Prospectus or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Act, as of the date of such prospectus; any
          reference to any amendment or supplement to the Basic Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any post-effective amendment to the Registration Statement, any prospectus supplement relating
          to the Shares filed with the Commission pursuant to Rule 424(b) under the Act and any documents filed under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and incorporated therein, in each case after the date of the Basic
          Prospectus, such Preliminary Prospectus, or the Prospectus, as the case may be; any reference to any amendment to the Registration Statement shall be deemed to refer to and include any annual report of the Company filed pursuant to Section 13(a)
          or 15(d) of the Exchange Act after the effective date of the Registration Statement that is incorporated by reference in the Registration Statement; and any &#8220;issuer free writing prospectus&#8221; as defined in Rule 433 under the Act relating to the
          Shares is hereinafter called an &#8220;Issuer Free Writing Prospectus&#8221;);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No order preventing or suspending the use of any Preliminary Prospectus or any Issuer Free Writing Prospectus has been issued
          by the Commission, and each Preliminary Prospectus, at the time of filing thereof, conformed in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder, and did not contain an untrue
          statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that this
          representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by an Underwriter through the Representatives expressly for use therein;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="Section1aiii"></a><a name="z_Ref398810081"></a><font style="color: #000000;">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; For the purposes of this Agreement, the &#8220;Applicable Time&#8221; is 8:15 p.m.
          (Eastern time) on the date of this Agreement; the Pricing Prospectus, as supplemented by the information listed on Schedule III(b) hereto, taken together (collectively, the &#8220;Pricing Disclosure Package&#8221;), as of the Applicable Time, did not include
          any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; and each Issuer Free Writing Prospectus
          listed on Schedule III(a) hereto<font style="font-weight: bold;">&#160;</font>does not conflict with the information contained in the Registration Statement, the Pricing Prospectus or the Prospectus and each such Issuer Free Writing Prospectus, as
          supplemented by and taken together with the Pricing Disclosure Package, as of the Applicable Time, did not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in
          the light of the circumstances under which they were made, not misleading; provided, however, that this representation and warranty shall not apply to statements or omissions made in reliance upon and in conformity with information furnished in
          writing to the Company by an Underwriter through the Representatives expressly for use therein;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">2</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; The documents incorporated by reference in the Pricing Prospectus and the Prospectus, when they became effective or were filed
          with the Commission, as the case may be, conformed in all material respects to the requirements of the Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder, and none of such documents contained an
          untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading; any further documents so filed and incorporated by reference in the Prospectus or
          any further amendment or supplement thereto, when such documents become effective or are filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Act or the Exchange Act, as applicable, and
          the rules and regulations of the Commission thereunder and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading;
          provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by an Underwriter through the Representatives
          expressly for use therein; and no such documents were filed with the Commission since the Commission&#8217;s close of business on the business day immediately prior to the date of this Agreement and prior to the execution of this Agreement, except as
          set forth on Schedule III(c) hereto;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Registration Statement conforms, and the Prospectus and any further amendments or supplements to the Registration
          Statement or the Prospectus will conform, in all material respects to the applicable requirements of the Act and the rules and regulations of the Commission thereunder and do not and will not, as of the applicable effective date as to each part
          of the Registration Statement and as of the applicable filing date as to the Prospectus and any amendment or supplement thereto, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
          necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity with information furnished in writing to the
          Company by an Underwriter through the Representatives expressly for use therein;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company and each &#8220;significant subsidiary&#8221; of the Company (as such term is defined in Rule 1-02 of Regulation S-X) (each a
          &#8220;Subsidiary&#8221; and collectively, the &#8220;Subsidiaries&#8221;), (A) has been duly incorporated or formed, as applicable, and is validly existing as a corporation, limited liability company or other legal entity, as applicable, in good standing (to the extent
          such concept exists in the applicable jurisdiction) under the laws of the jurisdiction of its incorporation or formation, as applicable, (B) has corporate power or other organizational power, as applicable, and authority to own, lease and operate
          its properties and conduct its business as described in the Pricing Prospectus, and (C) has been duly qualified as a foreign entity for the transaction of business and is in good standing (to the extent such concept exists in the applicable
          jurisdiction) under the laws of each other jurisdiction in which it owns or leases properties or conducts any business so as to require such qualification, except, in the case of clauses (A) (other than with respect to the Company), (B) and (C),
          where the failure to have such power or authority or to be so qualified or in good standing would not, individually or in the aggregate, result in a material adverse change, or any development that could reasonably be expected to result in a
          material adverse effect on the condition (financial or otherwise), business or results of operations, whether or not arising from transactions in the ordinary course of business, of the Company and its subsidiaries, taken as a whole (a &#8220;Material
          Adverse Effect&#8221;);</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">3</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(vii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Neither the Company nor any of its Subsidiaries has sustained since the date of the latest audited financial statements
          included or incorporated by reference in the Pricing Prospectus any material loss or material interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any court or governmental
          action, order or decree, otherwise than as set forth or contemplated in the Pricing Prospectus; and subsequent to the respective dates as of which information is given in the Pricing Prospectus, (A) there has been no material adverse change, or
          any development that could reasonably be expected to result in a Material Adverse Effect, otherwise than as set forth or contemplated in the Pricing Prospectus, and (B) the Company and its subsidiaries, considered as one entity, have not (1)
          incurred any material liability or obligation (whether indirect, direct or contingent) that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or (2) except as otherwise disclosed in the Pricing
          Prospectus, entered into any material transaction or agreement, in each case not in the ordinary course of business, except for transactions and agreements related to the transactions contemplated by this Agreement;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(viii)</font>&#160;&#160;&#160;&#160;&#160;&#160; Except as otherwise disclosed in the Pricing Disclosure Package, the Company and its Subsidiaries have good and marketable
          title to all the properties and assets reflected as owned in the financial statements referred to in Section 1(a)(xxi) hereof (other than properties sold in the ordinary course of business since the date of such financial statements), and hold
          any leased real or personal property under valid and enforceable leases, except, in each case, as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(ix)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Except as set forth in the Pricing Prospectus, all of the issued and outstanding capital stock of the Company, including the
          Shares to be sold by the Selling Stockholders (including the Repurchase Shares), have been duly authorized and validly issued, are fully paid and nonassessable and conform to the description of the Stock contained in each of the Pricing
          Disclosure Package and the Prospectus; and, except as set forth in the Pricing Disclosure Package, all of the issued and outstanding capital stock or other ownership interests of each Subsidiary of the Company have been duly authorized and
          validly issued, are fully paid and nonassessable and (except for directors&#8217; qualifying shares and capital stock or other ownership units of the Company) are owned directly or indirectly by the Company, free and clear of all liens, encumbrances,
          equities or claims other than liens securing the indebtedness described in the Registration Statement, the Pricing Prospectus and the Prospectus. As of June 30, 2025, (A) on a consolidated basis, the Company has an authorized and outstanding
          capitalization as set forth in the Pricing Disclosure Package; and (B) there are no outstanding options, warrants, preemptive rights, rights of first refusal or other rights to purchase, or equity or debt securities convertible into or
          exchangeable or exercisable for, any capital stock of the Company or any of its subsidiaries, other than those described in the Pricing Disclosure Package;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(x)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor any of its Subsidiaries is (A) in violation of its charter or bylaws or other organizational
          documents, as applicable, (B) in default (&#8220;Default&#8221;) in the performance or observation of any obligation, agreement, covenant or condition under any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to
          which it is a party or by which it or any of its properties may be bound (each, an &#8220;Existing Instrument&#8221;), or (C) in violation of any law or statute applicable to the Company or any of its Subsidiaries or any judgment, order, rule or regulation
          of any court or arbitrator or governmental or regulatory authority having jurisdiction over the Company or any of its Subsidiaries, except, in the case of clauses (B) and (C), such Defaults and violations as would not, individually or in the
          aggregate, reasonably be expected to have a Material Adverse Effect;</div>
        <div><br>
        </div>
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          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">4</font></div>
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The execution, delivery and performance of this Agreement by the Company and the consummation of the transactions herein
          contemplated (including the Share Repurchase) (A) will not result in any violation of the provisions of the charter or by-laws or similar organizational documents of the Company or any of its Subsidiaries, (B) will not conflict with or constitute
          a breach of, or Default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or the Company&#8217;s Subsidiaries pursuant to, or require the consent (except as shall have been
          obtained prior to each Time of Delivery) of any other party to, any Existing Instrument and (C) will not result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or any of its
          Subsidiaries, except, in the case of clauses (A) (other than with respect to the Company), (B) and (C), for such conflicts, breaches, Defaults, liens, charges, encumbrances or violations as would not, individually or in the aggregate, reasonably
          be expected to result in a Material Adverse Effect.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xii)</font>&#160;&#160;&#160;&#160;&#160;&#160; Except as described in the Pricing Prospectus and Prospectus, no consent, approval, authorization or other order of, or
          registration, qualification or filing with, any court or other governmental or regulatory authority or agency is required for the execution, delivery and performance of this Agreement by the Company and the consummation by the Company of the
          transactions contemplated by this Agreement (including the Share Repurchase), except for (i) the registration under the Act of the Shares, (ii) the approval by the Financial Industry Regulatory Authority, Inc. (&#8220;FINRA&#8221;) of the underwriting terms
          and arrangements, (iii) such as will be obtained or made by the Company under state securities or Blue Sky laws in connection with the purchase and distribution of the Shares by the Underwriters and (iv) as shall have been obtained or made prior
          to each Time of Delivery, except where the failure to obtain any such consents, approvals, authorizations, orders, registrations or qualifications or make such filings would not impair, in any material respect, the ability of the Company to
          consummate the transactions contemplated by this Agreement (including the Share Repurchase);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xiii)</font>&#160;&#160;&#160;&#160; &#160; The description of the Company&#8217;s capital stock incorporated by reference in the Pricing Prospectus and the Prospectus, insofar
          as it purports to constitute a summary of the terms of the Stock, constitutes an accurate summary of the terms of such Stock in all material respects;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xiv)</font>&#160;&#160;&#160; &#160;&#160; The statements set forth in the Pricing Prospectus and the Prospectus under the caption &#8220;Material U.S. Federal Income and
          Estate Tax Consequences to Non-U.S. Holders of Our Common Stock,&#8221; and under the caption &#8220;Underwriting (Conflict of Interest),&#8221; insofar as they purport to describe the provisions of the laws or regulations or legal conclusions with respect thereto
          and the agreements and documents referred to therein, are accurate and complete in all material respects;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise disclosed in the Pricing Prospectus, there are no material legal or governmental actions, suits or
          proceedings pending or, to the Company&#8217;s knowledge, threatened (A) against or affecting the Company or any of the Company&#8217;s Subsidiaries or (B) which has as the subject thereof any property owned or leased by the Company or any of the Company&#8217;s
          Subsidiaries which would be required by the Act to be described in the Pricing Prospectus or the Prospectus;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xvi)</font>&#160;&#160;&#160;&#160;&#160;&#160; The Company is not required to register as an &#8220;investment company&#8221; within the meaning of the Investment Company Act of 1940, as
          amended;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xvii)</font>&#160;&#160;&#160;&#160;&#160; (A)(1) At the time of filing of the Registration Statement, (2) at the time of the most recent amendment thereto for the
          purposes of complying with Section 10(a)(3) of the Act (whether such amendment was by post-effective amendment, incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), and (3) at the time the Company
          or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) under the Act) made any offer relating to the Shares in reliance on the exemption of Rule 163 under the Act, the Company was a &#8220;well-known seasoned
          issuer&#8221; as defined in Rule 405 under the Act; and (B) at the earliest time after the filing of the Registration Statement that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) under the Act)
          of the Shares, the Company was not an &#8220;ineligible issuer&#8221; as defined in Rule 405 under the Act;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">5</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xviii)</font>&#160;&#160;&#160;&#160; Ernst &amp; Young LLP who have expressed their opinion with respect to certain financial statements (which term as used in this
          Agreement includes the related notes thereto) of the Company and its consolidated subsidiaries incorporated by reference in the Registration Statement, are independent auditors with respect to the Company and its subsidiaries as required by the
          Act and the rules and regulations of the Commission thereunder. Ernst &amp; Young LLP who have expressed their opinion with respect to certain financial statements (which term as used in this Agreement includes the related notes thereto) of
          Bluegreen Vacations Holding Corporation (&#8220;BVH&#8221;) and its consolidated subsidiaries incorporated by reference in the Registration Statement, are independent auditors with respect to BVH in accordance with generally accepted auditing standards as
          applied in the United States (&#8220;U.S. GAAS&#8221;);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xix)</font>&#160;&#160;&#160; &#160;&#160; The Company maintains a system of internal controls over financial reporting (as such term is defined in Rule 13a-15(f) under
          the Exchange Act) that <a name="z_DV_C12"></a>has been designed<font style="font-weight: bold;">&#160;</font>by the Company&#8217;s principal executive officer and principal financial officer, or under their supervision,<a name="z_DV_M10"></a><font style="font-weight: bold;">&#160;</font>to provide reasonable assurances that <a name="z_DV_C18"></a>(A) transactions are executed in accordance with management&#8217;s general or specific authorization; (B) transactions are recorded as necessary to
          permit preparation of financial statements in conformity with generally accepted accounting principles as applied in the United States (&#8220;U.S. GAAP&#8221;); (C) access to assets is permitted only in accordance with management&#8217;s general or specific
          authorization; (D) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences; (E) except as otherwise disclosed in the Pricing Disclosure
          Package, the Company is not aware of any material weaknesses in its internal control over financial reporting;<a name="z_DV_M13"></a> and (F) the interactive data in eXtensible Business Reporting Language incorporated by reference in each of the
          Pricing Disclosure Package, the Pricing Prospectus and the Prospectus is prepared in accordance with the Commission&#8217;s rules and guidelines applicable thereto;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xx)</font>&#160;&#160;&#160;&#160;&#160;&#160; The Company has established and maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under
          the Exchange Act)<a name="z_DV_C23"></a> designed to ensure that material information relating to the Company and its subsidiaries is made known to the chief executive officer and chief financial officer of the Company by others within the
          Company or any of its subsidiaries; and, except as otherwise disclosed in the Pricing Disclosure Package, such disclosure controls and procedures are reasonably effective to perform the functions for which they were established subject to the
          limitations of any such control system;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxi)</font>&#160;&#160;&#160;&#160;&#160;&#160; This Agreement has been duly authorized, executed and delivered by the Company and the Share Repurchase has been duly
          authorized by the Company;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164305438"></a><a name="z_Ref398810155"></a><font style="color: #000000;">(xxii)</font>&#160;&#160;&#160;&#160; The consolidated historical financial statements of each of (A) the
          Company and its consolidated subsidiaries and (B) BVH and its consolidated subsidiaries and the related notes thereto incorporated by reference in the Registration Statement, the Pricing Prospectus and the Prospectus present fairly in all
          material respects the consolidated financial position of the Company and BVH and their respective consolidated subsidiaries as of and at the dates indicated and the results of their operations and cash flows for the periods specified in
          conformity with U.S. GAAP (in the case of the Company and its consolidated subsidiaries) and with U.S. GAAS (in the case of BVH and its consolidated subsidiaries) applied on a consistent basis throughout the periods involved (except as otherwise
          stated therein);</div>
        <div><br>
          <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">6</font></div>
            <div class="BRPFPageBreak" style="page-break-after: always;">
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          </div>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxiii)</font>&#160;&#160;&#160; The historical financial data of each of (A) the Company and its consolidated subsidiaries and (B) BVH and its consolidated
          subsidiaries incorporated by reference in the Registration Statement, the Pricing Prospectus and the Prospectus present fairly in all material respects the information set forth therein on a basis consistent with that of the audited financial
          statements incorporated by reference in the Prospectus. The pro forma condensed consolidated financial statements of the Company and its subsidiaries and the related notes thereto incorporated by reference in the Prospectus present fairly in all
          material respects the information contained therein, have been prepared in accordance with the Commission&#8217;s rules and guidelines with respect to pro forma financial statements in all material respects and have been properly presented on the bases
          described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. The statistical and market related
          data incorporated by reference in the Registration Statement, the Pricing Disclosure Package and the Prospectus are based on or derived from sources that the Company believes to be reliable and accurate in all material respects and represent the
          Company&#8217;s good faith estimates that are made on the basis of data derived from such sources. The interactive data in eXtensible Business Reporting Language incorporated by reference in each of the Registration Statement, the Pricing Disclosure
          Package and the Prospectus fairly presents the information called for in all material respects and is prepared in accordance with the Commission&#8217;s rules and guidelines applicable thereto;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxiv)</font>&#160;&#160;&#160;&#160; Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or as
          disclosed in the Registration Statement, the Pricing Prospectus or the Prospectus: (A) the Company and its subsidiaries are in compliance with all applicable federal, state, local and foreign laws and regulations relating to pollution or
          protection of human health (to the extent relating to exposure to hazardous or toxic substances or wastes, pollutants, contaminants, chemicals, petroleum and petroleum products (collectively, &#8220;Materials of Environmental Concern&#8221;)), including,
          without limitation, laws and regulations relating to emissions, discharges, releases or threatened releases of Materials of Environmental Concern, or otherwise relating to the use, generation, treatment, storage, disposal, transport or handling
          of Materials of Environmental Concern (collectively, &#8220;Environmental Laws&#8221;); (B) neither the Company nor any of its subsidiaries has received written notice of any claim, investigation, action or cause of action filed with a court or governmental
          authority, violation, or actual or potential liability under Environmental Law (collectively, &#8220;Environmental Claims&#8221;), and, to the knowledge of the Company, no such Environmental Claims have been threatened against the Company or its subsidiaries
          or any person or entity whose liability for any Environmental Claim the Company and its subsidiaries have retained or assumed either contractually or by operation of law; and (C) to the knowledge of the Company, there has been no activity,
          circumstance, condition, event or occurrence, including, without limitation, the release, emission, discharge, presence or disposal of any Materials of Environmental Concern, that would reasonably be expected to result in a violation of or
          liability of the Company or its subsidiaries under Environmental Laws or form the basis of an Environmental Claim against the Company or its subsidiaries or against any person or entity whose liability for any Environmental Claim the Company and
          its subsidiaries have retained or assumed either contractually or by operation of law;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxv)</font>&#160;&#160;&#160;&#160;&#160; (A) The Company and its subsidiaries own, license or possess or have sufficient rights to use the trademarks, trade names,
          patents, copyrights, trade secrets and other similar rights (collectively, &#8220;Intellectual Property Rights&#8221;) reasonably necessary to conduct their businesses as currently conducted and as described in the Pricing Disclosure Package, except where
          the failure to so own or possess or have the right to use would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; (B) except as otherwise disclosed in the Pricing Disclosure Package, any
          expiration, cancellation, abandonment, forfeiture or relinquishment of any of such Intellectual Property Rights would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect; and (C) except as
          otherwise disclosed in the Pricing Disclosure Package, neither the Company nor any of its subsidiaries has received any unresolved written notice of any claim of infringement with asserted Intellectual Property Rights of others in the past two
          years, except for any such claims as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">7</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxvi)</font>&#160;&#160;&#160;&#160; Except as otherwise disclosed in the Pricing Disclosure Package or as would not, individually or in the aggregate, reasonably be
          expected to have a Material Adverse Effect, none of the following events has occurred or exists: (A) a &#8220;reportable event&#8221; as defined under the United States Employee Retirement Income Security Act of 1974, as amended (&#8220;ERISA&#8221;), and the
          regulations and published interpretations thereunder with respect to a Plan (as defined below); (B) a withdrawal from a Plan subject to Section 4063 of ERISA during a plan year in which the Company or any of its subsidiaries was a substantial
          employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (C) a complete or partial withdrawal from a Plan; (D) the filing by the Pension Benefit
          Guaranty Corporation (the &#8220;PBGC&#8221;) of a notice of intent to terminate any Plan, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, respectively, or the commencement of proceedings by the PBGC to terminate a
          Plan; (E) appointment of a trustee to administer any Plan; (F) with respect to a Plan, the failure to satisfy the minimum funding standard of Section 412 of the Code or Section 302, 303 or 304 of ERISA, whether or not waived; (G) the imposition
          of any liability under Title IV of ERISA, with respect to any Plan, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA; (H) an audit or investigation by the Internal Revenue Service, the U.S. Department of Labor, the
          PBGC or any other federal or state governmental agency or any foreign regulatory agency with respect to any Plan; or (I) any violation of law or applicable qualification standards, with respect to any Plan. Except as otherwise disclosed in the
          Pricing Disclosure Package or as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, none of the following events has occurred or is reasonably likely to occur: (1) an increase in the aggregate
          amount of contributions required to be made to all Plans in the current fiscal year of the Company and its subsidiaries compared to the amount of such contributions made in the most recently completed fiscal year of the Company and its
          subsidiaries; (2) an increase in the &#8220;accumulated post&#8722;retirement benefit obligations&#8221; (within the meaning of Statement of Financial Accounting Standards 106) of the Company and its subsidiaries compared to the amount of such obligations in the
          most recently completed fiscal year of the Company and its subsidiaries; (3) liability under Title IV of ERISA with respect to the termination of, or withdrawal from, any Plan; or (4) the filing of a material claim by one or more employees or
          former employees of the Company or any of its subsidiaries related to their employment. For purposes of this paragraph, the term &#8220;Plan&#8221; means a plan (within the meaning of Section 3(3) of ERISA) subject to Title IV of ERISA with respect to which
          the Company or any of its subsidiaries may have any liability;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxvii)</font>&#160; &#160; Except as otherwise disclosed in the Pricing Disclosure Package, there are no strikes or other labor disputes against the
          Company or any of its Subsidiaries pending or, to the knowledge of the Company, threatened, except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxviii)</font> &#160; The Company and its subsidiaries possess such valid and current certificates, authorizations or permits issued by the
          appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct their respective businesses and as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, except as would not reasonably
          be expected, individually or in the aggregate, to result in a Material Adverse Effect, and except as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company and its subsidiaries have not received
          any notice of proceedings relating to the revocation or modification of, or non-compliance with, any such certificate, authorization or permit, except for any such proceedings as would not, individually or in the aggregate, reasonably be expected
          to result in a Material Adverse Effect;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">8</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxix)</font>&#160;&#160;&#160;&#160; Except as described in the Pricing Disclosure Package, there are no persons with registration rights or other similar rights to
          have any securities registered pursuant to the Registration Statement or otherwise registered by the Company under the Act, except as have been validly waived or complied with and except for the Shares to be sold by the Selling Stockholders;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxx)</font>&#160;&#160;&#160;&#160;&#160; Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee or
          other person associated with or acting on behalf of the Company or any of its subsidiaries, or any controlled affiliate of the Company, is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons
          of the Foreign Corrupt Practices Act of 1977, as amended (the &#8220;FCPA&#8221;), and the rules and regulations thereunder, any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International
          Business Transactions, the U.K. Bribery Act of 2010, or any other applicable anti-bribery or anti-corruption law including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in
          furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any &#8220;foreign official&#8221; (as such term is defined in the
          FCPA or other applicable anti-bribery or anti-corruption law) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA or other applicable anti-bribery or anti-corruption law;
          and the Company, its subsidiaries and, to the knowledge of the Company, its controlled affiliates have conducted their businesses in compliance with the FCPA and other applicable anti-bribery or anti-corruption law, and have instituted and
          maintain and enforce policies and procedures designed to achieve, and which are reasonably expected to continue to achieve, continued compliance therewith;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxi)</font>&#160;&#160;&#160; The operations of the Company and its subsidiaries are and have been conducted at all times in compliance in all material
          respects with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations
          thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the &#8220;Money Laundering Laws&#8221;) and no action, suit or proceeding by or before any court or
          governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxii)</font>&#160;&#160;&#160; Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer or affiliate or any
          agent, employee or other person associated with or acting on behalf of the Company or any of its subsidiaries is, or is owned or controlled by one or more persons that is, (A) currently subject to or the target of any sanctions administered or
          enforced by the U.S. government, including without limitation of any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department, the U.S. Department of Commerce, the U.S. Department of State, the United
          Nations Security Council, the European Union, His Majesty's Treasury, the Swiss Secretariat of Economic Affairs, or other relevant sanctions authority (collectively, &#8220;Sanctions&#8221;), or (B) is located, organized or resident in a country or territory
          that is currently the subject or target of Sanctions (including, without limitation, the Crimea region, the so-called Donetsk People's Republic, the so-called Luhansk People's Republic, the non-government controlled areas of the Zhaporizhzhia and
          Kherson regions of Ukraine and any other Covered Region of Ukraine identified pursuant to Executive Order 14065, Cuba, Iran and North Korea);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxiii)</font> &#160; None of the Company nor any of the Company&#8217;s subsidiaries has taken or will take, directly or indirectly, any action that is
          designed to or that might reasonably be expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">9</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxiv)</font>&#160;&#160; Except (A) for any failures or exceptions that would not, individually or in the aggregate, reasonably be expected to result in a
          Material Adverse Effect, or (B) as disclosed in the Pricing Disclosure Package and the Prospectus, (x) the Company and each of its subsidiaries has timely filed (taking into account valid extensions) all federal, state, local and foreign tax
          returns required to be filed by it and has paid all taxes (and any related interest, penalties and additions to tax) required to be paid by it (including in its capacity as a withholding agent) except for any taxes being contested in good faith
          by appropriate proceedings and for which adequate reserves have been provided in accordance with U.S. GAAP, and (y) to the knowledge of the Company, there is no proposed tax deficiency or assessment against the Company or any of the Company&#8217;s
          subsidiaries; and</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxv)</font>&#160;&#160;&#160; Neither the Company nor any of its subsidiaries is a party to any contract, agreement or understanding with any person (other
          than this Agreement) that would give rise to a valid claim against any of them or any Underwriter for a brokerage commission, finder&#8217;s fee or like payment in connection with the offering and sale of the Shares.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xxxvi)</font>&#160;&#160; Except as would not, individually or in the aggregate, have a Material Adverse Effect, (A) the information technology assets and
          equipment, computers, systems, networks, hardware, software, websites, applications, and databases of the Company and its subsidiaries (collectively, &#8220;IT Systems&#8221;) now or proposed to be operated by them, are adequate for, and operate and perform
          as required in connection with the operation of the business of the Company and its subsidiaries as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, and (B) to the knowledge of the Company and its
          subsidiaries, are free and clear of all bugs, errors, defects, Trojan horses, time bombs, malware and other corruptants. Except as would not, individually or in the aggregate, have a Material Adverse Effect, (x) the Company and its subsidiaries
          have implemented and maintained commercially reasonable controls, policies, procedures, and safeguards to maintain and protect their confidential information and the integrity, continuous operation, redundancy and security of all IT Systems and
          data (including all personal, personally identifiable, sensitive, confidential or regulated data (&#8220;Personal Data&#8221;)) collected, processed, stored or used in connection with their businesses, and (y) to the knowledge of the Company and its
          subsidiaries, there have been no breaches, violations, outages or unauthorized uses of or accesses to same, except for those that have been remedied without cost or liability or the duty to notify any other person or entity, nor any incidents
          under internal review or investigations relating to the same. The Company and its subsidiaries are presently, except as would not, individually or in the aggregate, have a Material Adverse Effect, in compliance with all applicable laws or
          statutes and all judgments, orders, rules and regulations of any court or arbitrator or governmental or regulatory authority, policies and contractual obligations relating to the privacy and security of IT Systems and Personal Data and to the
          protection of such IT Systems and Personal Data from unauthorized use, access, misappropriation or modification.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Selling Stockholders severally and not jointly represents and warrants to, and agrees with, each of the
          Underwriters and the Company that:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; Such Selling Stockholder has been duly organized and is validly existing as a corporation, limited liability company, public
          agency, or a limited partnership, as the case may be, in good standing in its jurisdiction of formation;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">10</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Such Selling Stockholder is a United States person (as the term is defined in Section 7701(a)(30) of the Internal Revenue
          Code of 1986, as amended) for U.S. federal income tax purposes;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Such Selling Stockholder has good and valid title to the shares of Stock to be sold by such Selling Stockholder hereunder on
          the Time of Delivery and any &#8220;security entitlement&#8221; within the meaning of Section 8-501 of the New York Uniform Commercial Code (the &#8220;UCC&#8221;) in respect thereof, free and clear of all liens, encumbrances, equities or adverse claims, <font style="color: #000000;">except for any liens, encumbrances, equities or adverse claims arising under the Margin Loan Agreement dated as of August 2, 2021, among AP VIII Dakota Holdings Borrower, L.P., AP VIII Dakota Holdings Borrower GP, LLC,
            the lenders party thereto, Deutsche Bank Trust Company Americas, as administrative agent and Deutsche Bank AG, London Branch, as calculation agent (and any refinancing or other modification of such margin loan financing). At each Time of
            Delivery as provided in Section 4, such Selling Stockholder will, upon delivery of the shares of Stock to be sold by such Selling Stockholder hereunder on such Time of Delivery, have good and valid title to such shares of Stock and any
            &#8220;security entitlement&#8221; within the meaning of Section 8-501 of the UCC in respect thereof, free and clear of all liens, encumbrances, equities or adverse claims;</font></div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon payment for the Shares to be sold by such Selling Stockholder, delivery of such Shares, as directed by the Underwriters,
          to Cede &amp; Co. (&#8220;Cede&#8221;) or such other nominee as may be designated by the Depository Trust Company (&#8220;DTC&#8221;), registration of such Shares in the name of Cede or such other nominee and the crediting of such Shares on the books of DTC to
          securities accounts of the Underwriters (assuming that neither DTC nor any such Underwriter has notice of any adverse claim (within the meaning of Section 8-105 of the UCC) to such Shares), (A) DTC shall be a &#8220;protected purchaser&#8221; of such Shares
          within the meaning of Section 8-303 of the UCC, (B) under Section 8-501 of the UCC, the Underwriters will acquire a valid security entitlement in respect of such Shares and (C) an action based on an adverse claim, within the meaning of Section
          8-102 of the UCC, may not be asserted against the Underwriters with respect to such security entitlement. For purposes of this representation, such Selling Stockholder may assume that when such payment, delivery and crediting occur, (x) such
          Shares will have been registered in the name of Cede or another nominee designated by DTC, in each case on the Company&#8217;s share registry in accordance with its certificate of incorporation, bylaws and applicable law, (y) DTC will be registered as
          a &#8220;clearing corporation&#8221; within the meaning of Section 8-102 of the UCC, and (z) appropriate entries to the accounts of the several Underwriters on the records of DTC will have been made pursuant to the UCC;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Such Selling Stockholder has full right, power and authority, corporate or otherwise, to enter into this Agreement;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement has been duly and validly authorized, executed and delivered by or on behalf of such Selling Stockholder;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(vii)</font>&#160;&#160;&#160;&#160;&#160;&#160; The sale of the Shares by such Selling Stockholder, the execution, delivery and performance of this Agreement by such Selling
          Stockholder and the consummation by such Selling Stockholder of the transactions contemplated hereby do not and will not (A) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any
          indenture, mortgage, deed of trust, loan agreement, license, lease or other agreement or instrument to which such Selling Stockholder is a party or by which such Selling Stockholder is bound or to which any of the property or assets of such
          Selling Stockholder is subject, (B) result in any violation of the provisions of the charter or by-laws (or similar organizational documents) of such Selling Stockholder, or (C) result in any violation of any statute or any judgment, order,
          decree, rule or regulation of any court or governmental agency or body having jurisdiction over such Selling Stockholder or the property or assets of such Selling Stockholder, except, with respect to clauses (A) and (C), conflicts, defaults,
          breaches or violations that would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on such Selling Stockholder&#8217;s ability to perform its obligations under this Agreement;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">11</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(viii)</font>&#160;&#160;&#160;&#160;&#160;&#160; No consent, approval, authorization or order of, or filing or registration with, any court or governmental agency or body
          having jurisdiction over such Selling Stockholder or the property or assets of such Selling Stockholder is required for the sale of the Shares by such Selling Stockholder, the execution, delivery and performance of this Agreement by such Selling
          Stockholder and the consummation by such Selling Stockholder of the transactions contemplated hereby (including the Share Repurchase), except for the registration of the Shares under the Securities Act and such consents, approvals,
          authorizations, orders, filings, registrations or qualifications as may be required under the Exchange Act and applicable state securities laws in connection with the purchase and sale of the Shares by the Underwriters;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(ix)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Pricing Disclosure Package, at the Applicable Time did not, and as of the Time of Delivery, will not, contain any untrue
          statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The preceding sentence applies only to written
          information furnished to the Company by such Selling Stockholder expressly for use therein, it being understood and agreed that the only such information furnished by such Selling Stockholder consists of such Selling Stockholder&#8217;s Selling
          Stockholder Information. Each Underwriter, the Company and such Selling Stockholder agree that the &#8220;Selling Stockholder Information&#8221; with respect to a Selling Stockholder consists solely of the information furnished by such Selling Stockholder
          for use in connection with the offering in the Registration Statement, the Pricing Disclosure Package and the Prospectus, which consists solely of (A) the name, address and number of shares of Stock owned by such Selling Stockholder, before and
          after the offering, and (B) the other information with respect to such Selling Stockholder that appears under the caption &#8220;Selling Stockholders,&#8221; in each case, in the Registration Statement, the Pricing Disclosure Package, the Prospectus or in
          any Issuer Free Writing Prospectus;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(x)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Such Selling Stockholder is not prompted to sell shares of Stock by any information concerning the Company, including any of
          its subsidiaries, that is not set forth in the Registration Statement, the Pricing Disclosure Package and the Prospectus;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Such Selling Stockholder has not taken, directly or indirectly, any action that is designed to or that has constituted or that
          could reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the Company in connection with the offering of the Shares;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Neither such Selling Stockholder nor any of its subsidiaries (to the extent applicable), nor any director or officer of such
          Selling Stockholder or any of its subsidiaries (to the extent applicable) nor, to the knowledge of such Selling Stockholder, any employee of such Selling Stockholder or any of its subsidiaries (to the extent applicable) or any agent, affiliate or
          other person associated with or acting on behalf of such Selling Stockholder has: (A) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (B) made any direct or
          indirect unlawful payment to any foreign or domestic government official, &#8220;foreign official&#8221; (as defined in the FCPA) or employee from corporate funds; (C) violated or is in violation of any provision of the FCPA, Bribery Act 2010, as amended, or
          any other applicable anti-bribery statute or regulation; or (D) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any domestic government official, foreign official or employee; and such Selling Stockholder
          has conducted its business in compliance with the FCPA, Bribery Act 2010, and all other applicable anti-bribery statutes and regulations, and has instituted and maintain policies and procedures reasonably designed to ensure, and which are
          reasonably expected to continue to ensure, continued compliance therewith. Neither such Selling Stockholder nor any of its subsidiaries (to the extent applicable) will use, directly or indirectly, the proceeds of the offering in furtherance of an
          offer, payment, promise to pay, or authorization of the payment of giving of money, or anything else of value, to any person in violation of any applicable anti-corruption laws;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">12</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xiii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The operations of such Selling Stockholder and its subsidiaries (to the extent applicable) is and has been conducted at all
          times in compliance with applicable financial recordkeeping and reporting requirements of the Money Laundering Laws and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving
          such Selling Stockholder or any of its subsidiaries (to the extent applicable) with respect to the Money Laundering Laws is pending or, to the knowledge of such Selling Stockholder, threatened; and</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(xiv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither such Selling Stockholder nor any of its subsidiaries, nor, to the knowledge of such Selling Stockholder, any of its
          directors, officers or affiliates or any agent, employee or other person associated with or acting on behalf of such Selling Stockholder or any of its subsidiaries is, or is owned or controlled by one or more persons that is, (A) currently
          subject to or the target of any Sanctions; or (B) located, organized or resident in a country that is the subject of Sanctions (including, without limitation, the Crimea region, the so-called Donetsk People's Republic, the so-called Luhansk
          People's Republic, the non-government controlled areas of the Zhaporizhzhia and Kherson regions of Ukraine and any other Covered Region of Ukraine identified pursuant to Executive Order 14065, Cuba, Iran and North Korea); and such Selling
          Stockholder will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the
          activities of any person, or in any country or territory, that currently is the subject or target of Sanctions or in any other manner that will result in a violation by any person (including any person participating in the transaction whether as
          an underwriter, advisor, investor or otherwise) of Sanctions. Such Selling Stockholder has not knowingly engaged in for the past ten years, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any individual
          or entity, or in any country or territory, that at the time of the dealing or transaction is or was the subject or target of Sanctions.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">Any certificate signed by or on behalf of any Selling Stockholder and delivered to the Representatives or counsel for the Underwriters in connection with the offering of the
          Shares shall be deemed to be a representation and warranty by such Selling Stockholder, as to matters covered thereby, to each Underwriter.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref164304980"></a><a name="z_Ref398810200"></a><font style="color: #000000;">2.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to the terms and conditions herein set forth, (a) each of the Selling
          Stockholders agrees, severally and not jointly, to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from each of the Selling Stockholders, at a purchase price per share of $42.85, the
          number of Initial Shares (to be adjusted by you so as to eliminate fractional shares) determined by multiplying the aggregate number of Initial Shares to be sold by each Selling Stockholder as set forth opposite their respective names in Schedule
          I hereto by a fraction, the numerator of which is the aggregate number of Initial Shares to be purchased by such Underwriter as set forth opposite the name of such Underwriter in Schedule II hereto and the denominator of which is the aggregate
          number of Initial Shares to be purchased by all of the Underwriters from each Selling Stockholder hereunder and (b) in the event and to the extent that the Underwriters shall exercise the election to purchase Option Shares as provided below, each
          of the Selling Stockholders, as and to the extent indicated in Schedule I hereto, agrees, severally and not jointly, to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from each of the
          Selling Stockholders, at the purchase price per share set forth in clause (a) of this Section 2, that portion of the number of Option Shares as to which such election shall have been exercised (to be adjusted by you so as to eliminate fractional
          shares) determined by multiplying such number of Option Shares by a fraction, the numerator of which is the maximum number of Option Shares which such Underwriter is entitled to purchase as set forth opposite the name of such Underwriter in
          Schedule I hereto and the denominator of which is the maximum number of Option Shares that all of the Underwriters are entitled to purchase hereunder.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">13</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">The Selling Stockholders, as and to the extent indicated in Schedule I hereto, hereby grant, severally and not jointly, to the Underwriters the right to purchase at their
          election up to the number of Option Shares as set forth opposite their respective names in Schedule I hereto, at the purchase price per share set forth in the paragraph above, provided that the purchase price per Option Share shall be reduced by
          an amount per share equal to any dividends or distributions declared by the Company and payable on the Initial Shares but not payable on the Option Shares. Any such election to purchase Option Shares shall be made in proportion to the maximum
          number of Option Shares to be sold by each Selling Stockholder as set forth in Schedule I hereto. Any such election to purchase Option Shares may be exercised only by written notice from you to the Company and the Selling Stockholders, given
          within a period of 30 calendar days after the date of this Agreement and setting forth the aggregate number of Option Shares to be purchased and the date on which such Option Shares are to be delivered, as determined by you but in no event
          earlier than the First Time of Delivery (as defined in Section 4 hereof) or, unless you and the Company and the Selling Stockholders otherwise agree in writing, earlier than one or later than ten business days after the date of such notice.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">Subject to the sale of the Shares by the Selling Stockholders to the Underwriters in compliance with the terms of this Agreement, the Underwriters agree to sell to the Company,
          and the Company agrees to purchase from the Underwriters, the number of Repurchase Shares specified herein at the price paid by the Underwriters set forth herein. The number of Shares to be sold by each Underwriter to the Company shall be based
          on the same proportion as the number of Shares set forth opposite the name of such Underwriter in Schedule I represents to the total number of Shares to be purchased by the Underwriters pursuant to this Agreement. The respective selling
          obligations of the Underwriters with respect to the Shares shall be rounded among the Underwriters to avoid fractional shares, as the Representatives may determine.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">3.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon the authorization by the Representatives of the release of the Initial Shares, the several Underwriters propose to offer the Initial Shares
          for sale upon the terms and conditions set forth in the Prospectus.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref398810216"></a><a name="z_Ref164306213"></a><font style="color: #000000;">4.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) The Shares to be purchased by each Underwriter hereunder, in book-entry form, and in
          such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight hours&#8217; prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Selling Stockholders
          to the Representatives, through the facilities of DTC, for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the accounts specified
          by the Selling Stockholders to the Representatives at least forty-eight hours in advance. To the extent the Shares are delivered in certificated form and not in book-entry form through the facilities of DTC, the Selling Stockholders will cause
          the certificates representing the Shares to be made available for checking and packaging at least twenty-four hours prior to each Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the
          &#8220;Designated Office&#8221;). The time and date of such delivery and payment shall be, with respect to the Initial Shares, 10:00 a.m., New York time, on August 14, 2025 or such other time and date as the Representatives, the Company and the Selling
          Stockholders may agree upon in writing, and, with respect to the Option Shares, 10:00 a.m., New York time, on the date specified by the Representatives in each written notice given by the Representatives of the Underwriters&#8217; election to purchase
          such Option Shares, or such other time and date as the Representatives, the Company and the Selling Stockholder may agree upon in writing. Such time and date for delivery of the Initial Shares is herein called the &#8220;First Time of Delivery,&#8221; such
          time and date for delivery of the Option Shares, if not the First Time of Delivery, is herein called the &#8220;Second Time of Delivery&#8221;, and each such time and date for delivery is herein called a &#8220;Time of Delivery.&#8221; In addition, subject to the sale
          of the Shares by the Selling Stockholders to the Underwriters in compliance with the terms of this Agreement, payment of the aggregate purchase price of the Repurchase Shares shall be made by the Company to the Underwriters in immediately
          available funds to an account specified by the Representatives, against delivery of such Repurchase Shares for the account of the Company at the First Time of Delivery.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">14</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The documents to be delivered at each Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof,
          including the cross receipt for the Shares and any additional documents requested by the Underwriters pursuant to Section 8(a) hereof<font style="font-weight: bold;">&#160;</font>will be delivered at the offices of Davis Polk &amp; Wardwell LLP, 450
          Lexington Avenue, New York, New York 10017 (the &#8220;Closing Location&#8221;), and the Shares will be delivered through the facilities of DTC in the case of book-entry shares or at the Designated Office in the case of certificated Shares, all at such<font style="font-weight: bold;">&#160;</font>Time of Delivery. A meeting will be held at the Closing Location on the New York Business Day next preceding such Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant
          to the preceding sentence will be available for review by the parties hereto. For the purposes of this Section 4, &#8220;New York Business Day&#8221; shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking
          institutions in New York are generally authorized or obligated by law or executive order to close.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">5.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company agrees with each of the Underwriters:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810330"></a><a name="z_Ref164305177"></a><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To prepare the Prospectus in a form approved by you and to file such
          Prospectus pursuant to Rule 424(b) under the Act not later than the Commission&#8217;s close of business on the second business day following the execution and delivery of this Agreement, or, if applicable, such earlier time as may be required by Rule
          430A(a)(3) under the Act; to make no further amendment or any supplement to the Registration Statement, the Basic Prospectus or the Prospectus prior to the last Time of Delivery, which shall be reasonably disapproved by you promptly after
          reasonable notice thereof; to advise you, promptly after it receives notice thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any amendment or supplement to the Prospectus has been filed
          and to furnish you with copies thereof; to file promptly all material required to be filed by the Company with the Commission pursuant to Rule 433(d) under the Act in connection with the offering or sale of the Shares within the time required by
          such Rule; to file promptly all reports and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the
          Prospectus and for so long as the delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is required in connection with the offering or sale of the Shares; to advise you, promptly after it receives
          notice thereof, of the issuance by the Commission of any stop order or of any order preventing or suspending the use of any Preliminary Prospectus or other prospectus in respect of the Shares, of any notice of objection of the Commission to the
          use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act, of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, of the initiation or threatening of
          any proceeding for any such purpose, or of any request by the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for additional information; and, in the event of the issuance of any stop order or of
          any order preventing or suspending the use of any Preliminary Prospectus or other prospectus relating to the Shares or suspending any such qualification, to promptly use its best efforts to obtain the withdrawal of such order; and, in the event
          of any such issuance of a notice of objection, promptly to take such steps including, without limitation, amending the Registration Statement or filing a new registration statement, at no expense to any Underwriter (except when an Underwriter is
          responsible for such expense as provided in the last clause of Section 5(d) hereof), as may be necessary to permit offers and sales of the Shares by the Underwriters (references herein to the Registration Statement shall include any such
          amendment or new registration statement);</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">15</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If by the third anniversary (the &#8220;Renewal Deadline&#8221;) of the initial effective date of the Registration Statement, any
          Underwriter notifies the Company that any of the Shares remain unsold by such Underwriter, the Company will file, if it has not already done so and is eligible to do so, a new automatic shelf registration statement relating to the Shares, in a
          form reasonably satisfactory to you. If at the Renewal Deadline the Company is no longer eligible to file an automatic shelf registration statement, the Company will, if it has not already done so, file a new shelf registration statement relating
          to the Shares, in a form reasonably satisfactory to you and will use its best efforts to cause such registration statement to be declared effective within 180 days after the Renewal Deadline. The Company will take all other action necessary or
          appropriate to permit the public offering and sale of the Shares to continue as contemplated in the expired registration statement relating to the Shares. References herein to the Registration Statement shall include such new automatic shelf
          registration statement or such new shelf registration statement, as the case may be;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164306454"></a><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Promptly from time to time to take such action as you may reasonably request to qualify the
          Shares for offering and sale under the securities laws of such jurisdictions as you may reasonably request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be
          necessary to complete the distribution of the Shares, provided that in connection therewith the Company shall not be required to qualify as a foreign corporation or to file a general consent to service of process in any jurisdiction, to qualify
          in any jurisdiction as a broker-dealer or to subject itself to taxation in any jurisdiction if it is not otherwise so subject;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810373"></a><font style="color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prior to 10:00 a.m., New York City time, on the second New York Business Day following the date
          of this Agreement (or such other time as may be agreed to by the Company and the Representatives) and from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in New York City in such quantities as you
          may reasonably request, and, if the delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is required at any time prior to the expiration of nine months after the time of issue of the Prospectus in
          connection with the offering or sale of the Shares and if at such time any event shall have occurred as a result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any
          material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is delivered, not
          misleading, or, if for any other reason it shall be necessary during such same period to amend or supplement the Prospectus or to file under the Exchange Act any document incorporated by reference therein<font style="font-weight: bold;">&#160;</font>in



          order to comply with the Act or the Exchange Act, to notify you and upon your request to file such document and to prepare and furnish without charge to each Underwriter and to any dealer in securities as many written and electronic copies as you
          may from time to time reasonably request of an amended Prospectus or a supplement to the Prospectus which will correct such statement or omission or effect such compliance; and in case any Underwriter is required under the Act to deliver a
          prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) in connection with sales of any of the Shares at any time nine months or more after the time of issue of the Prospectus, upon your request but at the expense of
          such Underwriter, to prepare and deliver to such Underwriter as many written and electronic copies as you may reasonably request of an amended or supplemented Prospectus complying with Section 10(a)(3) of the Act;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">16</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To make generally available to its securityholders as soon as practicable (which may be satisfied by filing with the
          Commission&#8217;s EDGAR system), an earnings statement of the Company and its subsidiaries (which need not be audited) complying with Section 11(a) of the Act and the rules and regulations of the Commission thereunder (including, at the option of the
          Company, Rule 158);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810641"></a><a name="z_Ref164307462"></a><a name="z_Hlk165289746"></a><font style="color: #000000;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the period beginning from the
          date hereof and continuing to and including the date 45 days after the date of the Prospectus (the &#8220;Company Lock-Up Period&#8221;), not to (i) offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise
          transfer or dispose of, directly or indirectly, or file with the Commission a registration statement under the Act relating to, any securities of the Company that are substantially similar to the Shares (except for any Registration Statement on
          Form S-8, or any amendment thereto, to register shares issuable upon exercise of awards granted pursuant to the terms of any employee equity incentive plan), including but not limited to any options or warrants to purchase shares of Stock or any
          securities that are convertible into or exchangeable for, or that represent the right to receive, Stock or any such substantially similar securities, or publicly disclose the intention to make any offer, sale, pledge, disposition or filing or
          (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the Stock or any such other securities, whether any such transaction described in clause (<a name="z_Hlt164306392"></a>i)



          or (i<a name="z_Hlt164306395"></a>i) above is to be settled by delivery of Stock or such other securities, in cash or otherwise (other than (x) the Shares or any such substantially similar securities to be issued pursuant to employee incentive
          plans existing as of the date of this Agreement, (y) the Shares or any such substantially similar securities to be issued upon <a name="z_Hlk165290033"></a>the conversion or exchange of convertible or exchangeable securities outstanding as of
          the date of this Agreement and (z) <a name="z_Hlk165290158"></a>the issuance of up to 5% of the outstanding shares of Stock or any such substantially similar securities in connection with the acquisition of, a joint venture with or a merger
          with, another company, and the filing of a registration statement with respect thereto), without the prior written consent of Wells Fargo Securities, LLC;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During a period of three years from the effective date of the Registration Statement, as required by the Exchange Act, to
          furnish to its stockholders as soon as practicable after the end of each fiscal year an annual report (including a balance sheet and statements of income, stockholders' equity and cash flows of the Company and its consolidated subsidiaries
          certified by independent public accountants) and, as soon as practicable after the end of each of the first three quarters of each fiscal year (beginning with the fiscal quarter ending after the effective date of the Registration Statement), to
          make available to its stockholders consolidated summary financial information of the Company and its subsidiaries for such quarter in reasonable detail; the inclusion of any such report or other information in a report filed with the Securities
          and Exchange Commission through the EDGAR system shall be deemed to satisfy this requirement;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During a period of two years from the effective date of the Registration Statement, to furnish to you copies of all reports or
          other communications (financial or other) furnished to stockholders, and to deliver to you (i) as soon as practicable, copies of any reports and financial statements furnished to or filed with the Commission or any national securities exchange on
          which any class of securities of the Company is listed; and (ii) such additional information concerning the business and financial condition of the Company as you may from time to time reasonably request (such financial statements to be on a
          consolidated basis to the extent the accounts of the Company and its subsidiaries are consolidated in reports furnished to its stockholders generally or to the Commission); the inclusion of any such report or other information in a report filed
          with the Securities and Exchange Commission through the EDGAR system shall be deemed to satisfy this requirement; and</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">17</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;To pay the required Commission filing fees relating to the Shares within the time required by Rule 456(b)(1) under the Act
          without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r) under the Act.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">6.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) The Company represents and agrees that, without the prior consent of the Representatives, it has not made and will not make any offer relating
          to the Shares that would constitute a &#8220;free writing prospectus&#8221; as defined in Rule 405 under the Act; each Selling Stockholder represents and agrees that, without the prior consent of the Company and the Representatives, it has not made and will
          not make any offer relating to the Shares that would constitute a &#8220;free writing prospectus&#8221;; and each Underwriter represents and agrees that, without the prior consent of the Company and the Representatives, it has not made and will not make any
          offer relating to the Shares that would constitute a free writing prospectus; any such free writing prospectus the use of which has been consented to by the Company and the Representatives is listed on Schedule III(a) hereto;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has complied and will comply with the requirements of Rule 433 under the Act applicable to any Issuer Free Writing
          Prospectus, including timely filing with the Commission or retention where required and legending; and</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company agrees that if at any time following issuance of an Issuer Free Writing Prospectus any event occurred or occurs as
          a result of which such Issuer Free Writing Prospectus would conflict with the information in the Registration Statement, the Pricing Prospectus or the Prospectus or would include an untrue statement of a material fact or omit to state any
          material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, the Company will give prompt notice thereof to the Representatives and, if requested by the Representatives, will
          prepare and furnish without charge to each Underwriter an Issuer Free Writing Prospectus or other document which will correct such conflict, statement or omission; provided, however, that this representation and warranty shall not apply to any
          statements or omissions in an Issuer Free Writing Prospectus made in reliance upon and in conformity with information furnished in writing to the Company by an Underwriter through the Representatives expressly for use therein or the Selling
          Stockholder Information.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref398810529"></a><font style="color: #000000;">7.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Selling Stockholders, severally and not jointly, covenants and agrees with the Company and with the
          several Underwriters that:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164306534"></a><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;such Selling Stockholder will pay or cause to be paid the following: (i) the reasonable and
          documented fees and disbursements of the Company&#8217;s and such Selling Stockholder&#8217;s outside counsel and the Company&#8217;s independent public accountants in connection with the registration of the Shares under the Act; (ii) expenses in connection with
          the preparation, printing, reproduction and filing of the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, any Issuer Free Writing Prospectus and the Prospectus and amendments and supplements thereto and the mailing and
          delivering of copies thereof to the Underwriters and dealers; (iii) the reasonable and documented cost of printing or producing this Agreement, the Blue Sky Memorandum, closing documents (including any compilations thereof) and any other
          documents in connection with the offering, purchase, sale and delivery of the Shares; (iv) all reasonable and documented expenses in connection with the qualification of the Shares for offering and sale under state securities laws as provided in
          Section 5(c) hereof, including the reasonable and documented fees and disbursements of counsel for the Underwriters in connection with such qualification and in connection with the Blue Sky survey; (v) the reasonable and documented costs and
          expenses incurred by or on behalf of the Company and Selling Stockholder representatives in connection with presentations to prospective investors of the Shares, including the investor presentations on any &#8220;road show&#8221; undertaken in connection
          with the marketing of the Shares, including, without limitation, expenses associated with any electronic road show; and (vi) any other reasonable and documented expenses that constitute Registration Expenses (as defined in the Stockholders
          Agreement, dated as of August 2, 2021, by and between the Company and AP VIII Dakota Holdings, L.P. and AP Dakota Co-Invest, L.P.);</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">18</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;such Selling Stockholder will deliver to the Representatives prior to the First Time of Delivery a properly completed and
          executed United States Treasury Department Form W-9.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;such Selling Stockholder will pay or cause to be paid (i) the cost of preparing stock certificates, if applicable; (ii) the
          cost and charges of any transfer agent or registrar; and (iii) all other reasonable and documented costs and expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in this Section; and</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;such Selling Stockholder will pay or cause to be paid all costs and expenses incident to the performance of such Selling
          Stockholder&#8217;s obligations hereunder which are not otherwise specifically provided for in this Section, including (i) any fees and expenses of counsel for such Selling Stockholder to the extent not covered by (a)(i) above, and (ii) all other
          expenses and any taxes arising from or related to the sale and delivery of the Shares to be sold by such Selling Stockholder to the Underwriters hereunder. For the avoidance of doubt, the Company, such Selling Stockholder and the Underwriters
          agree that, if the Company receives any amounts otherwise payable to such Selling Stockholder pursuant to this Agreement, the Company shall receive such amounts solely in the capacity as agent for such Selling Stockholder and shall promptly pay
          over such amounts to such Selling Stockholder. Except as provided in this Section, and Sections 8 and 11 hereof, the Underwriters will pay all of their own costs and expenses, including the fees of their counsel, stock transfer taxes on resale of
          any of the Shares by them, and any advertising expenses connected with any offers they may make.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref398810228"></a><font style="color: #000000;">8.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; The obligations of the Underwriters hereunder, as to the Shares to be delivered at each Time of Delivery, shall be
          subject, in their discretion, to the condition that all representations and warranties and other statements of the Company and the Selling Stockholders herein are, on the date hereof and at and as of such<font style="font-weight: bold;">&#160;</font>Time



          of Delivery, true and correct, the condition that the Company and the Selling Stockholders shall have performed all of its and their respective obligations hereunder theretofore to be performed, and the following additional conditions:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164306273"></a><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Prospectus shall have been filed with the Commission pursuant to Rule 424(b) under the Act
          within the applicable time period prescribed for such filing by the rules and regulations under the Act and in accordance with Section 5(a) hereof; all material required to be filed by the Company pursuant to Rule 433(d) under the Act shall have
          been filed with the Commission within the applicable time period prescribed for such filing by Rule 433 under the Act; no stop order suspending the effectiveness of the Registration Statement or any part thereof shall have been issued and no
          proceeding for that purpose shall have been initiated or threatened by the Commission; no stop order suspending or preventing the use of the Prospectus or any Issuer Free Writing Prospectus shall have been initiated or threatened by the
          Commission; no notice of objection of the Commission to the use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act shall have been received; and all requests for additional information
          on the part of the Commission shall have been complied with to your reasonable satisfaction;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Davis Polk &amp; Wardwell LLP, counsel for the Underwriters, shall have furnished to you such written opinion and negative
          assurance letter, dated such Time of Delivery, in form and substance satisfactory to you;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">19</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Alston &amp; Bird LLP, counsel for the Company, shall have furnished to you their written opinion and negative assurance
          letter, dated such Time of Delivery, in form and substance satisfactory to you; provided that such counsel may state that, insofar as such opinion involves factual matters, they have relied, to the extent they deem appropriate, upon certificates
          of officers of the Company and certificates of public officials;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP, counsel for the Selling Stockholders, shall have furnished to you their
          written opinion, dated such Time of Delivery, in form and substance satisfactory to you;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On the date of the Prospectus at a time prior to the execution of this Agreement, at 9:30 a.m., New York City time, on the
          effective date of any post&#8209;effective amendment to the Registration Statement filed subsequent to the date of this Agreement and also at each Time of Delivery, Ernst &amp; Young LLP shall have furnished to you a letters, dated the respective dates
          of delivery thereof, in form and substance satisfactory to you, containing statements and information of the type ordinarily included in accountants&#8217; &#8220;comfort letters&#8221; to underwriters with respect to the financial statements and certain financial
          information with respect to the Company and its subsidiaries and BVH and its subsidiaries contained in the Registration Statement and the Prospectus;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (i) Neither the Company nor any of its Subsidiaries shall have sustained since the date of the latest audited financial
          statements included or incorporated by reference in the Pricing Prospectus any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or
          governmental action, order or decree, otherwise than as set forth or contemplated in the Pricing Prospectus, and (ii) since the respective dates as of which information is given in the Pricing Prospectus there shall not have been any change in
          the capital stock or long&#8209;term debt of the Company or any of its Subsidiaries or any material adverse change, or any development involving a prospective material adverse change, in the condition (financial or otherwise), business or results of
          operations, whether or not arising from transactions in the ordinary course of business, of the Company and its subsidiaries, taken as a whole, otherwise than as set forth or contemplated in the Pricing Prospectus, the effect of which, in any
          such case described in clause (<a name="z_Hlt164306639"></a>i) or (<a name="z_Hlt164306641"></a>ii), is in the judgment of the Representatives (other than a defaulting Underwriter under Section 10 hereof) so material and adverse as to make it
          impracticable or inadvisable to proceed with the public offering or the delivery of the Shares being delivered at such Time of Delivery on the terms and in the manner contemplated in the Pricing Prospectus;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On or after the Applicable Time (i) no downgrading shall have occurred in the rating accorded the Company&#8217;s debt securities by
          any &#8220;nationally recognized statistical rating organization&#8221;, as defined in Section 3(a)(62) of the Exchange Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative
          implications, its rating of any of the Company's debt securities;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On or after the Applicable Time there shall not have occurred any of the following: (i) a suspension or material limitation in
          trading in securities generally on the New York Stock Exchange (the &#8220;Exchange&#8221;); (ii) a suspension or material limitation in trading in the Company&#8217;s securities on the Exchange; (iii) a general moratorium on commercial banking activities declared
          by either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States; (iv) the outbreak or escalation of hostilities involving the United States or the
          declaration by the United States of a national emergency or war; or (v) the occurrence of any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere, if the effect of any such event
          specified in clause (i<a name="z_Hlt164306752"></a>v) or (v<a name="z_Hlt164306749"></a>) in the judgment of the Representatives (other than a defaulting Underwriter under Section 10 hereof) makes it impracticable or inadvisable to proceed with
          the public offering or the delivery of the Shares being delivered at such Time of Delivery on the terms and in the manner contemplated in the Prospectus;</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">20</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(i)</font>&#160;&#160; &#160; &#160;&#160;&#160;&#160;&#160; The Shares to be sold at such Time of Delivery shall have been duly listed, subject to official notice of issuance, on the
          Exchange;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810614"></a><font style="color: #000000;">(j)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; The Company shall have obtained and delivered to the Underwriters executed copies of an
          agreement from each of the parties listed on Schedule IV hereto, substantially to the effect set forth in Annex I hereto;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(k)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall have complied with the provisions of Section 5(d) hereof with respect to the furnishing of prospectuses on
          the second business day following the date of this Agreement;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810241"></a><font style="color: #000000;">(l)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company and the Selling Stockholders shall have furnished or caused to be furnished to you at
          such Time of Delivery certificates of officers of the Company and of the Selling Stockholders, respectively, satisfactory to you as to the accuracy of the representations and warranties of the Company and the Selling Stockholders, respectively,
          herein at and as of such Time of Delivery, as to the performance by the Company and the Selling Stockholders of all of their respective agreements and conditions hereunder to be performed at or prior to such Time of Delivery, and the Company
          shall have furnished or caused to be furnished certificates as to the matters set forth in subsection (a) of this Section 8 and the Company shall have furnished such other certificates and documents as you may reasonably request;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(m)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall have furnished to you at such Time of Delivery a written certificate executed by the chief financial officer
          of the Company, on behalf of the Company, dated as of the date hereof and as of such Time of Delivery, as applicable, substantially in the form attached as Annex II;</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(n)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Selling Stockholders shall have executed and delivered to the Underwriters an agreement substantially in the form of Annex
          I hereto; and</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810412"></a><font style="color: #000000;">(o)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;FINRA shall have confirmed that it has not raised any objection with respect to the fairness and
          reasonableness of the underwriting terms and arrangements relating to the offering of the Shares.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">21</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">9.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) The Company will indemnify and hold harmless each Underwriter, its affiliates, directors, officers and employees, each person, if any, who
          controls any Underwriter within the meaning of the Act and the Exchange Act, and each Selling Stockholder against any losses, claims, damages or liabilities, joint or several, to which such Underwriter, its affiliates, directors, officers and
          employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act, or the Selling Stockholders may become subject, under the Act or otherwise, insofar as such losses, claims, damages or
          liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing
          Disclosure Package or the Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus or any &#8220;issuer information&#8221; filed or required to be filed pursuant to Rule 433(d) under the Act, or arise out of or are based upon
          the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse each Underwriter, its affiliates, directors, officers and employees,
          and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act, and the Selling Stockholders for any legal or other expenses reasonably incurred by such Underwriter, its affiliates, directors, officers
          and employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act or the Selling Stockholders in connection with investigating or defending any such action or claim as such expenses are
          incurred; provided, however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged
          omission made in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, in reliance upon and
          in conformity with written information furnished to the Company by any Underwriter through the Representatives expressly for use therein, it being understood and agreed that the only such information furnished by any Underwriter consists of the
          following information in the Prospectus furnished on behalf of each Underwriter: the concession and reallowance figures appearing in the sixth paragraph under the caption &#8220;Underwriting (Conflict of Interest)&#8221; or by the Selling Stockholders
          expressly for use therein that constitutes the Selling Stockholder Information.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref398810455"></a><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Selling Stockholders, severally and not jointly, will indemnify and hold harmless
          each Underwriter, its affiliates, directors, officers and employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act against any losses, claims, damages or liabilities, joint or several, to
          which such Underwriter, its affiliates, directors, officers and employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act may become subject, under the Act or otherwise, insofar as such
          losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Basic Prospectus, any
          Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus, or arise out of or are based upon the omission or alleged omission to state therein a material
          fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in
          the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement thereto, any Issuer Free Writing Prospectus, in reliance upon and in conformity with
          the Selling Stockholder Information; and will reimburse each Underwriter, its affiliates, directors, officers and employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act for any legal or
          other expenses reasonably incurred by such Underwriter, its affiliates, directors, officers and employees, and each person, if any, who controls any Underwriter within the meaning of the Act and the Exchange Act in connection with investigating
          or defending any such action or claim as such expenses are incurred; provided, however, that such Selling Stockholder shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon
          an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement
          thereto, or any Issuer Free Writing Prospectus, in reliance upon and in conformity with written information furnished to the Company by any Underwriter through the Representatives expressly for use therein, it being understood and agreed that the
          only such information furnished by any Underwriter consists of the following information in the Prospectus furnished on behalf of each Underwriter: the concession and reallowance figures appearing in the sixth paragraph under the caption
          &#8220;Underwriting (Conflict of Interest)&#8221; provided, further, that the liability of the Selling Stockholder pursuant to this subsection (b) shall not exceed the product of the number of Shares sold by such Selling Stockholder including any Option
          Shares sold pursuant to this Agreement and the price per Share referenced in Section 2 hereof (the &#8220;Selling Stockholder Net Proceeds&#8221;) as set forth in the Prospectus.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">22</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each Underwriter will, severally and not jointly, indemnify and hold harmless the Company, each Selling Stockholder, their
          directors, officers and employees and each person, if any, who controls, as of the date hereof, the Company or Selling Stockholders within the meaning of the Act and the Exchange Act against any losses, claims, damages or liabilities to which the
          Company, the Selling Stockholder, their directors, officers and employees and each person, if any, who controls, as of the date hereof, the Company or Selling Stockholders within the meaning of the Act and the Exchange Act may become subject,
          under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in the Registration
          Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, or arise out of or are based upon the omission or
          alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement
          or omission or alleged omission was made in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Disclosure Package or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing
          Prospectus, in reliance upon and in conformity with written information furnished to the Company by such Underwriter through the Representatives expressly for use therein, it being understood and agreed that the only such information furnished by
          any Underwriter consists of sixth paragraph under the caption &#8220;Underwriting (Conflict of Interest)&#8221; and will reimburse the Company, its directors, officers and employees and each person, if any, who controls, as of the date hereof, the Company
          within the meaning of the Act and the Exchange Act and each Selling Stockholder for any legal or other expenses reasonably incurred by the Company, its directors, officers and employees and each person, if any, who controls, as of the date
          hereof, the Company within the meaning of the Act and the Exchange Act or such Selling Stockholder in connection with investigating or defending any such action or claim as such expenses are incurred.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164307112"></a><font style="color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Promptly after receipt by an indemnified party under subsection (<a name="z_Hlt164307040"></a>a),
          (b) or (c) of this Section 9 of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of
          the commencement thereof; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have under
          this Section 9 except to the extent it has been materially prejudiced (through the forfeiture of substantive rights and defenses) by such failure; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">further</font>,
          that the failure to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under this Section 9. In case any such action shall be brought against any indemnified party and
          it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the
          defense thereof, with counsel reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the indemnifying party), and, after notice from the indemnifying party to such
          indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any other expenses, in each case
          subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. It is understood that the indemnifying party or parties shall not, in connection with any one action or
          proceeding or separate but substantially similar actions or proceedings arising out of the same general allegations, be liable for the fees and expenses of more than one separate firm of attorneys at any time for all indemnified parties except to
          the extent that local counsel (in addition to any regular counsel) is required to effectively defend against any such action or proceeding. No indemnifying party shall, without the written consent of the indemnified party, effect the settlement
          or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or
          potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a statement as
          to or an admission of fault, culpability or a failure to act, by or on behalf of any indemnified party.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">23</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the indemnification provided for in this Section 9 is unavailable to or insufficient to hold harmless an indemnified party
          under subsection (a), (b) or (c) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to
          the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative benefits received by the Company and the
          Selling Stockholders on the one hand and the Underwriters on the other from the offering of the Shares. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the indemnified party
          failed to give the notice required under subsection (d) above, then each indemnifying party shall contribute to such amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits
          but also the relative fault of the Company and the Selling Stockholders on the one hand and the Underwriters on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in
          respect thereof), as well as any other relevant equitable considerations. The relative benefits received by the Company and the Selling Stockholders on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as
          the total net proceeds from the offering (net of underwriting discounts and commissions but before deducting expenses) received by the Company and the Selling Stockholders bear to the total underwriting discounts and commissions received by the
          Underwriters, in each case as set forth in the table on the cover page of the Prospectus. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
          omission or alleged omission to state a material fact relates to information supplied by the Company or the Selling Stockholders on the one hand or the Underwriters on the other and the parties' relative intent, knowledge, access to information
          and opportunity to correct or prevent such statement or omission. The Company, each of the Selling Stockholders and the Underwriters agree that it would not be just and equitable if contributions pursuant to this subsection (e) were determined by
          pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this subsection (e). The amount paid
          or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in this subsection (e) shall be deemed to include any documented out of pocket legal or other expenses
          reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this subsection (e), (i) no Underwriter shall be required to contribute any amount in excess
          of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of such
          untrue or alleged untrue statement or omission or alleged omission or (ii) the Selling Stockholders&#8217; obligation to contribute any amount under this Section 9(e) is limited in the manner and to the extent set forth in Section 9(b) and the Selling
          Stockholders shall not be required to contribute any amount in excess of the Selling Stockholder Net Proceeds. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution
          from any person who was not guilty of such fraudulent misrepresentation. The Underwriters' obligations in this subsection (e) to contribute are several in proportion to their respective underwriting obligations and not joint.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">24</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; The obligations of the Company and the Selling Stockholders under this Section 9 shall be in addition to any liability which
          the Company and the Selling Stockholders may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of each Underwriter and each person, if any, who controls any Underwriter within the meaning of the Act
          and each broker-dealer affiliate of any Underwriter; and the obligations of the Underwriters under this Section 9 shall be in addition to any liability which the respective Underwriters may otherwise have and shall extend, upon the same terms and
          conditions, to each officer and director of the Company (including any person who, with his or her consent, is named in the Registration Statement as about to become a director of the Company or any Selling Stockholder) and to each person, if
          any, who controls the Company within the meaning of the Act.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref398810347"></a><font style="color: #000000;">10.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a) If any Underwriter shall default in its obligation to purchase the Shares that it has agreed to purchase
          hereunder at a Time of Delivery, you may in your discretion arrange for you or another party or other parties to purchase such Shares on the terms contained herein. If within thirty six hours after such default by any Underwriter you do not
          arrange for the purchase of such Shares, then the Company and the Selling Stockholders shall be entitled to a further period of thirty six hours within which to procure another party or other parties reasonably satisfactory to you to purchase
          such Shares on such terms. In the event that, within the respective prescribed periods, you notify the Company and the Selling Stockholders that you have so arranged for the purchase of such Shares, or the Company or a Selling Stockholder
          notifies you that it has so arranged for the purchase of such Shares, you or the Company or the Selling Stockholders shall have the right to postpone such Time of Delivery for a period of not more than seven days, in order to effect whatever
          changes may thereby be made necessary in the Registration Statement or the Prospectus, or in any other documents or arrangements, and the Company agrees to file promptly any amendments or supplements to the Registration Statement or the
          Prospectus which in your opinion may thereby be made necessary. The term &#8220;Underwriter&#8221; as used in this Agreement shall include any person substituted under this Section with like effect as if such person had originally been a party to this
          Agreement with respect to such Shares.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><a name="z_Ref164307290"></a><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If, after giving effect to any arrangements for the purchase of the Shares of a defaulting
          Underwriter or Underwriters by you, the Company and the Selling Stockholders as provided in subsection (a) above, the aggregate number of such Shares which remains unpurchased does not exceed one-eleventh of the aggregate number of all the Shares
          to be purchased at such Time of Delivery, then the Company and the Selling Stockholders shall have the right to require each non defaulting Underwriter to purchase the number of Shares which such Underwriter agreed to purchase hereunder at such
          Time of Delivery and, in addition, to require each non defaulting Underwriter to purchase its pro rata share (based on the number of Shares which such Underwriter agreed to purchase hereunder) of the Shares of such defaulting Underwriter or
          Underwriters for which such arrangements have not been made; but nothing herein shall relieve a defaulting Underwriter from liability for its default.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If, after giving effect to any arrangements for the purchase of the Shares of a defaulting Underwriter or Underwriters by you,
          the Company and the Selling Stockholders as provided in subsection (a) above, the aggregate number of such Shares which remains unpurchased exceeds one-eleventh of the aggregate number of all of the Shares to be purchased at such Time of
          Delivery, or if the Company and the Selling Stockholders shall not exercise the right described in subsection (b) above to require non&#8209;defaulting Underwriters to purchase Shares of a defaulting Underwriter or Underwriters, then this Agreement
          (or, with respect to a Second Time of Delivery, the obligations of the Underwriters to purchase and of the Selling Stockholders to sell the Option Shares) shall thereupon terminate, without liability on the part of any non&#8209;defaulting Underwriter,
          the Company or the Selling Stockholders, except for the expenses to be borne by the Company, the Selling Stockholders and the Underwriters as provided in Section 7 hereof and the indemnity and contribution agreements in Section 9 hereof; but
          nothing herein shall relieve a defaulting Underwriter from liability for its default.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">25</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">11.</font>&#160;&#160;&#160;&#160; &#160;&#160; The respective indemnities, rights of contribution, agreements, representations, warranties and other statements of the Company, the Selling
          Stockholders and the several Underwriters, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force and effect, regardless of any investigation (or any statement as to
          the results thereof) made by or on behalf of any Underwriter or any controlling person of any Underwriter, or the Company, or any of the Selling Stockholders, or any officer or director or controlling person of the Company, or any controlling
          person of any Selling Stockholder, and shall survive delivery of and payment for the Shares.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">12.</font>&#160;&#160;&#160; &#160; &#160; If this Agreement shall be terminated pursuant to Section 10 hereof, neither the Company nor the Selling Stockholders shall then be under any
          liability to any Underwriter except as provided in Sections 7 and 9 hereof; but, if for any other reason any Shares are not delivered by or on behalf of the Selling Stockholders as provided herein, the Selling Stockholders will reimburse the
          Underwriters through you for all out&#8209;of&#8209;pocket expenses approved in writing by you, including fees and disbursements of counsel, reasonably incurred by the Underwriters in making preparations for the purchase, sale and delivery of the Shares not
          so delivered, but the Company and the Selling Stockholders shall then be under no further liability to any Underwriter except as provided in Sections 7 and 9 hereof.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref398810705"></a><font style="color: #000000;">13.</font>&#160;&#160;&#160;&#160;&#160;&#160; In all dealings hereunder, you shall act on behalf of each of the Underwriters, and the parties hereto shall be
          entitled to act and rely upon any statement, request, notice or agreement on behalf of any Underwriter made or given by you; and in all dealing with the Selling Stockholder hereunder, you and the Company shall be entitled to act and rely upon any
          statement, request, notice or agreement given by any Selling Stockholder.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Underwriters are required to obtain, verify and
          record information that identifies their respective clients, including the Company and the Selling Stockholders, which information may include the name and address of their respective clients, as well as other information that will allow the
          Underwriters to properly identify their respective clients.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">All statements, requests, notices and agreements hereunder shall be in writing, and if to the Underwriters shall be delivered or sent by mail to Wells Fargo Securities, LLC,
          500 West 33rd Street, 14th Floor, New York, New York 10001, Attention: Equity Syndicate Department (fax no: (212) 214-5918); if to any Selling Stockholder shall be delivered to counsel for such Selling Stockholder or sent by mail <font style="color: #000000;">to 9 West 57th Street, 42nd Floor, New York, New York 10019, with a copy to Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP, 1285 Avenue of the Americas, New York, New York 10019, Attention: Brian M. Janson, Esq,;
            Christodoulos Kaoutzanis, Esq.</font>; and if to the Company shall be delivered or sent by mail to Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839, Attention: Charles R. Corbin, Senior Executive
          Vice President, General Counsel &amp; Corporate Operations; and if to any of the parties that has delivered a lock-up letter described in Section 8(j) hereof shall be delivered or sent by mail to the respective address provided in Schedule IV
          hereto or such other address as such party provides in writing to the Company; provided, however, that any notice to an Underwriter pursuant to Section 9(d) hereof shall be delivered or sent by mail to such Underwriter at its address set forth in
          its Underwriters' Questionnaire, which address will be supplied to the Company or the Selling Stockholders by you on request; provided further that notices under Section 5(f) hereof shall be in writing, and if to the Underwriters shall be
          delivered or sent by mail to you at Wells Fargo Securities, LLC, 500 West 33rd Street, 14th Floor, New York, New York 10001, Attention: Equity Syndicate Department (fax no: (212) 214-5918). Any such statements, requests, notices or agreements
          shall take effect upon receipt thereof.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">26</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">14.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement shall be binding upon, and inure solely to the benefit of, the Underwriters, the Company and the Selling Stockholders and, to the
          extent provided in Sections 9 and 11 hereof, the officers and directors of the Company and each person who controls the Company, any Selling Stockholder or any Underwriter, and their respective heirs, executors, administrators, successors and
          assigns, and no other person shall acquire or have any right under or by virtue of this Agreement. No purchaser of any of the Shares from any Underwriter shall be deemed a successor or assign by reason merely of such purchase.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">15.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Time shall be of the essence of this Agreement. As used herein, the term &#8220;business day&#8221; shall mean any day when the Commission&#8217;s office in
          Washington, D.C. is open for business.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">16.</font>&#160;&#160;&#160;&#160;&#160;&#160; The Company and the Selling Stockholders acknowledge and agree that (a) the purchase and sale of the Shares pursuant to this Agreement is an
          arm&#8217;s-length commercial transaction between the Company and the Selling Stockholders, on the one hand, and the several Underwriters, on the other, (b) in connection therewith and with the process leading to such transaction each Underwriter is
          acting solely as a principal and not the agent or fiduciary of the Company or any Selling Stockholder, (c) no Underwriter has assumed an advisory or fiduciary responsibility in favor of the Company or any Selling Stockholder with respect to the
          offering contemplated hereby or the process leading thereto (irrespective of whether such Underwriter has advised or is currently advising the Company or any Selling Stockholder on other matters) or any other obligation to the Company or any
          Selling Stockholder except the obligations expressly set forth in this Agreement and (d) the Company and each Selling Stockholder has consulted its own legal and financial advisors to the extent it deemed appropriate. The Company and each Selling
          Stockholder agrees that it will not claim that the Underwriters, or any of them, has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to any Company or any Selling Stockholder, in connection with such
          transaction or the process leading thereto.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">17.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement supersedes all prior agreements and understandings (whether written or oral) between or among the Company, the Selling Stockholders
          and the Underwriters, or any of them, with respect to the subject matter hereof.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">18.</font>&#160;&#160;&#160;&#160;&#160;&#160; This Agreement and any claim, controversy or dispute arising under or related to this Agreement shall be governed by and construed in accordance
          with the laws of the State of New York. The Company and each Selling Stockholder agree that any suit or proceeding arising in respect of this Agreement or our engagement will be tried exclusively in the U.S. District Court for the Southern
          District of New York or, if that court does not have subject matter jurisdiction, in any state court located in The City and County of New York and the Company and the Selling Stockholder agree to submit to the jurisdiction of, and to venue in,
          such courts.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">19.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company, each Selling Stockholder and each of the Underwriters hereby irrevocably waives, to the fullest extent permitted by applicable law,
          any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">20.</font>&#160;&#160;&#160;&#160;&#160;&#160; This Agreement may be executed by any one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an
          original, but all such counterparts shall together constitute one and the same instrument. Counterparts may be delivered via facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform
          Electronic Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be
          valid and effective for all purposes.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">27</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">21.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding anything herein to the contrary, the Company and the Selling Stockholders are authorized to disclose to any persons the U.S.
          federal and state income tax treatment and tax structure of the potential transaction and all materials of any kind (including tax opinions and other tax analyses) provided to the Company and the Selling Stockholders relating to that treatment
          and structure, without the Underwriters imposing any limitation of any kind. However, any information relating to the tax treatment and tax structure shall remain confidential (and the foregoing sentence shall not apply) to the extent necessary
          to enable any person to comply with securities laws. For this purpose, &#8220;tax structure&#8221; is limited to any facts that may be relevant to that treatment.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><font style="color: #000000;">22.</font>&#160;&#160;&#160;&#160;&#160;&#160; Without limiting the applicability of Section 2 hereof or any other provision of this Agreement, with respect to any Underwriter who is affiliated
          with any person or entity engaged to act as an investment adviser on behalf of a client who has a direct or indirect interest in the Shares being sold by any Selling Stockholder, the Shares being sold to such Underwriter shall not include any
          stock attributable to such client (with any such Shares instead being allocated and sold to the other Underwriters) and, accordingly, the fees or other amounts received by such Underwriter in connection with the transactions contemplated hereby
          shall not include any fees or other amounts attributable to such client.</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;"><a name="z_Ref164307584"></a><font style="color: #000000;">23.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Recognition of the U.S. Special Resolution Regimes.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution
          Regime, the transfer from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this
          Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a
          proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S.
          Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 72pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the purpose of this Section 23:</div>
        <div><br>
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        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">BHC Act Affiliate</font>&#8221; has the meaning assigned to the term &#8220;affiliate&#8221; in, and shall be interpreted in accordance with, 12 U.S.C. &#167;
          1841(k).</div>
        <div><br>
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        <div style="text-align: justify; text-indent: 144pt;">&#8220;<font style="font-weight: bold;">Covered Entity</font>&#8221; means any of the following:</div>
        <div><br>
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        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;a &#8220;covered entity&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 252.82(b);</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; a &#8220;covered bank&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 47.3(b); or</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">(iii)&#160;&#160;&#160;&#160;&#160;&#160;&#160; a &#8220;covered FSI&#8221; as that term is defined in, and interpreted in accordance with, 12 C.F.R. &#167; 382.2(b).</div>
        <div><br>
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        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; color: #000000; font-weight: normal; font-style: normal;">28</font></div>
          <div class="BRPFPageBreak" style="page-break-after: always;">
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        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Default Right</font>&#8221; has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. &#167;&#167; 252.81, 47.2 or
          382.1, as applicable.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 108pt; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">U.S. Special Resolution Regime</font>&#8221; means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and
          (ii) Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.</div>
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        </div>
        <div style="text-align: center;">[<font style="font-style: italic;">Remainder of Page Intentionally Left Blank</font>]</div>
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        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <div class="BRPFPageBreak" style="page-break-after: always;">
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        <div style="text-align: justify; text-indent: 36pt;">If the foregoing is in accordance with your understanding, please sign and return to us five counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Underwriters,
          this letter and such acceptance hereof shall constitute a binding agreement among each of the Underwriters, the Company and each of the Selling Stockholders. It is understood that your acceptance of this letter on behalf of each of the
          Underwriters is pursuant to the authority set forth in a form of Agreement among Underwriters, the form of which shall be submitted to the Company and the Selling Stockholders for examination, upon request, but without warranty on your part as to
          the authority of the signers thereof.</div>
        <div><br>
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                <div style="text-align: justify;">Very truly yours,</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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                <div style="text-align: left;">/s/ Charles R. Corbin</div>
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                <div style="text-align: justify;">Charles R. Corbin</div>
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                <div style="text-align: justify;">Senior Executive Vice President, General </div>
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        <div style="text-align: center;">[Signature Page to Underwriting Agreement]</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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                <div style="text-align: justify; font-weight: bold;">AP Dakota Co-Invest, L.P.</div>
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                <div style="text-align: justify;">AP Dakota Co-Invest GP, LLC,</div>
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              <td style="width: 5%; vertical-align: top;">&#160;</td>
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                <div style="text-align: justify;">Apollo Co-Investment Management, LLC,</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">&#160;</td>
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                <div style="text-align: justify; font-style: italic;">its general partner</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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                <div style="text-align: left;">/s/ James Elworth</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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                <div style="text-align: justify;">James Elworth</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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                <div style="text-align: justify; font-style: italic;">its general partner</div>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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                <div style="text-align: justify;">/s/ James Elworth</div>
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              <td style="width: 31%; vertical-align: top;">&#160;</td>
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              <td style="width: 50%; vertical-align: top;">&#160;</td>
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              <td style="width: 45%; vertical-align: top;">
                <div style="text-align: justify;">James Elworth</div>
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            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 5%; vertical-align: top;">
                <div style="text-align: justify;">Title:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">
                <div style="text-align: justify;">Vice President</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: center;">[Signature Page to Underwriting Agreement]</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: justify;">Accepted as of the date hereof</div>
        <div><br>
        </div>
        <div>On behalf of itself and as Representative</div>
        <div>of the other several Underwriters listed on Schedule I hereto:</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-weight: bold;">Wells Fargo Securities, LLC</div>
        <div><br>
        </div>
        <div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zc269da5cb5144b69b1a2a6b8529c4676">

              <tr>
                <td style="width: 5%; padding-bottom: 2px;">By:</td>
                <td style="width: 16%; text-align: left; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Rohit Mehta</td>
                <td style="width: 79%; padding-bottom: 2px;">
                  <div>&#160;</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align: justify;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="ze8f29841d36943e9beb3ed0e30f99f2d">

              <tr>
                <td style="width: 5%;">
                  <div>Name:</div>
                </td>
                <td style="width: 95%;">
                  <div>Rohit Mehta</div>
                </td>
              </tr>
              <tr>
                <td style="width: 5%;">Title:</td>
                <td style="width: 95%;">Managing Director</td>
              </tr>

          </table>
        </div>
        <br>
        <div style="text-align: center;">[Signature Page to Underwriting Agreement]</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; color: #000000; font-weight: bold;">SCHEDULE I</div>
        <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z56720dcf5eb748ba88eaef8f37a8f374" class="cfttable">

            <tr>
              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 74%;">
                <div>
                  <div style="text-align: center; font-weight: bold;">Selling Stockholders</div>
                </div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                <div>
                  <div style="text-align: center; font-weight: bold;">Total Number of</div>
                  <div style="text-align: center; font-weight: bold;"> Initial Shares to</div>
                  <div style="text-align: center; font-weight: bold;"> be Sold</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                <div>
                  <div style="text-align: center; font-weight: bold;">Number of</div>
                  <div style="text-align: center; font-weight: bold;"> Option Shares to</div>
                  <div style="text-align: center; font-weight: bold;"> be Sold if</div>
                  <div style="text-align: center; font-weight: bold;"> Maximum Option</div>
                  <div style="text-align: center; font-weight: bold;"> Exercised</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; background-color: rgb(204, 238, 255);">
                <div style="text-align: justify;"><a name="z_Hlk205904383"></a>AP Dakota Co-Invest, L.P.</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>1,784,103</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>267,615</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; padding-bottom: 2px;">
                <div style="text-align: justify;">AP VIII Dakota Holdings Borrower, L.P.</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
                <div>
                  <div>5,215,897</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0);" colspan="1" class="cftnumcell">
                <div>
                  <div>782,385</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
                <div style="text-align: justify; font-weight: bold; margin-left: 9pt;">Total</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>
                  <div style="font-weight: bold;">7,000,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>
                  <div style="font-weight: bold;">1,050,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
            </tr>

        </table>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; color: #000000; font-weight: bold;"><a name="Schedule2"></a>SCHEDULE II</div>
        <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000; width: 100%;" id="z77a25aef3d224f789922887f9cd2a6ce" class="cfttable">

            <tr>
              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 74%;">
                <div>
                  <div style="text-align: center; font-weight: bold;">Underwriters</div>
                </div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                <div>
                  <div style="text-align: center; font-weight: bold;">Total Number of</div>
                  <div style="text-align: center; font-weight: bold;"> Initial Shares to</div>
                  <div style="text-align: center; font-weight: bold;"> be Purchased</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">
                <div>
                  <div style="text-align: center; font-weight: bold;">Number of</div>
                  <div style="text-align: center; font-weight: bold;"> Option Shares to</div>
                  <div style="text-align: center; font-weight: bold;"> be Purchased if</div>
                  <div style="text-align: center; font-weight: bold;"> Maximum Option</div>
                  <div style="text-align: center; font-weight: bold;"> Exercised</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; background-color: rgb(204, 238, 255);">
                <div style="text-align: justify;">Wells Fargo Securities, LLC</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>3,150,000</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>472,500</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%;">
                <div style="text-align: justify;">Deutsche Bank Securities Inc.</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%;" colspan="1" class="cftnumcell">
                <div>2,450,000</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%;" colspan="1" class="cftnumcell">
                <div>367,500</div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
                <div style="text-align: justify;">Barclays Capital Inc.</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>
                  <div>1,400,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 solid 2px; background-color: #CCEEFF;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1" class="cftnumcell">
                <div>
                  <div>210,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: #CCEEFF;" colspan="1" class="cftfncell">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 74%; padding-bottom: 4px;">
                <div style="text-align: justify; font-weight: bold; margin-left: 9pt;">Total</div>
              </td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
                <div>
                  <div style="font-weight: bold;">7,000,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftguttercell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;" colspan="1" class="cftcurrcell">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 10%; border-bottom: 4px double rgb(0, 0, 0);" colspan="1" class="cftnumcell">
                <div>
                  <div style="font-weight: bold;">1,050,000</div>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;" colspan="1" class="cftfncell">&#160;</td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="text-align: center; color: #000000; font-weight: bold;"><a name="z_Ref398809620"></a></div>
        <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; font-weight: bold;">SCHEDULE III</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z8a8fdcc22b424274ab2f07fb44676a41" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;">(a)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Issuer Free Writing Prospectuses not included in the Pricing Disclosure Package</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;">None.</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z71346e1f3ff14366aee395ec0ef4d85e" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;">(b)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Information other than the Pricing Prospectus that comprise the Pricing Disclosure Package</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;">The number of Repurchase Shares purchased on the First Time of Delivery by the Company is 933,488.</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z8c346face12b4cd49991574f8e59d477" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;">(c)</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>Additional documents incorporated by reference</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 36pt;">None.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: center; color: #000000; font-weight: bold;">SCHEDULE IV</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="2" border="0" id="z1e3e031f8d024ad89394b7db29c7dfc0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
                <div style="text-align: justify; font-weight: bold;">Name of Signatory</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
                <div style="text-align: justify; font-weight: bold;">Address</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Brenda J. Bacon</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Christine Cahill</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Charles R. Corbin</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Gordon S. Gurnik</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Carlos Hernandez</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">David W. Johnson</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Mark H. Lazarus</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Gail L. Mandel</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Daniel J. Mathewes</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Pamela H. Patsley</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Leonard A. Potter</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">David Sambur</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Dusty Tonkin</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Mark D. Wang</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>
            <tr>
              <td style="width: 40%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">Paul W. Whetsell</div>
              </td>
              <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: justify;">c/o Hilton Grand Vacations Inc., 5323 Millenia Lakes Boulevard, Suite 120, Orlando, Florida 32839</div>
              </td>
            </tr>

        </table>
        <br>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: right; font-weight: bold;">ANNEX I</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">FORM OF LOCK-UP AGREEMENT</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div style="text-align: right; font-weight: bold;">ANNEX II</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">FORM OF CERTIFICATE OF THE CHIEF FINANCIAL OFFICER</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>hgv-20250812.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>4
<FILENAME>hgv-20250812_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
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<!--Generated by Broadridge PROfile 25.7.1.5324 Broadridge-->
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber">Entity Tax Identification Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber" xlink:title="label: EntityTaxIdentificationNumber to dei_EntityTaxIdentificationNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode" xlink:title="label: EntityIncorporationStateCountryCode to dei_EntityIncorporationStateCountryCode" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany" xlink:title="label: EntityEmergingGrowthCompany to dei_EntityEmergingGrowthCompany" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1" xml:lang="en-US" id="dei_EntityAddressAddressLine1">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1" xlink:title="label: EntityAddressAddressLine1 to dei_EntityAddressAddressLine1" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2" xlink:label="EntityAddressAddressLine2" xlink:title="EntityAddressAddressLine2" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2" xml:lang="en-US" id="dei_EntityAddressAddressLine2">Entity Address, Address Line Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine3" xml:lang="en-US" id="dei_EntityAddressAddressLine3">Entity Address, Address Line Three</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3" xlink:title="label: EntityAddressAddressLine3 to dei_EntityAddressAddressLine3" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown" xlink:label="EntityAddressCityOrTown" xlink:title="EntityAddressCityOrTown" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince" xlink:label="EntityAddressStateOrProvince" xlink:title="EntityAddressStateOrProvince" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressStateOrProvince" xml:lang="en-US" id="dei_EntityAddressStateOrProvince">Entity Address, State or Province</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry" xlink:label="EntityAddressCountry" xlink:title="EntityAddressCountry" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressCountry" xml:lang="en-US" id="dei_EntityAddressCountry">Entity Address, Country</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressPostalZipCode" xml:lang="en-US" id="dei_EntityAddressPostalZipCode">Entity Address, Postal Zip Code</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:label xlink:type="resource" xlink:label="dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_CityAreaCode" xml:lang="en-US" id="dei_CityAreaCode">City Area Code</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:label xlink:type="resource" xlink:label="dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_LocalPhoneNumber" xml:lang="en-US" id="dei_LocalPhoneNumber">Local Phone Number</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber" xlink:title="label: LocalPhoneNumber to dei_LocalPhoneNumber" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:label xlink:type="resource" xlink:label="dei_NoTradingSymbolFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_NoTradingSymbolFlag" xml:lang="en-US" id="dei_NoTradingSymbolFlag">No Trading Symbol Flag</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:label xlink:type="resource" xlink:label="dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_TradingSymbol" xml:lang="en-US" id="dei_TradingSymbol">Trading Symbol</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:label xlink:type="resource" xlink:label="dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_SecurityExchangeName" xml:lang="en-US" id="dei_SecurityExchangeName">Security Exchange Name</link:label>
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  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>5
<FILENAME>hgv-20250812_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by Broadridge PROfile 25.7.1.5324 Broadridge-->
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    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="DocumentFiscalPeriodFocus" xlink:title="presentation: CoverAbstract to DocumentFiscalPeriodFocus" order="4.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="EntityAddressPostalZipCode" xlink:title="EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityAddressPostalZipCode" xlink:title="presentation: CoverAbstract to EntityAddressPostalZipCode" order="16.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode" xlink:label="CityAreaCode" xlink:title="CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="CityAreaCode" xlink:title="presentation: CoverAbstract to CityAreaCode" order="17.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber" xlink:label="LocalPhoneNumber" xlink:title="LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="LocalPhoneNumber" xlink:title="presentation: CoverAbstract to LocalPhoneNumber" order="18.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="Security12bTitle" xlink:title="presentation: CoverAbstract to Security12bTitle" order="19.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="TradingSymbol" xlink:title="TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="TradingSymbol" xlink:title="presentation: CoverAbstract to TradingSymbol" order="20.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="NoTradingSymbolFlag" xlink:title="NoTradingSymbolFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="NoTradingSymbolFlag" xlink:title="presentation: CoverAbstract to NoTradingSymbolFlag" order="21.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="SecurityExchangeName" xlink:title="SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="SecurityExchangeName" xlink:title="presentation: CoverAbstract to SecurityExchangeName" order="22.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="EntityEmergingGrowthCompany" xlink:title="presentation: CoverAbstract to EntityEmergingGrowthCompany" order="23.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="WrittenCommunications" xlink:title="presentation: CoverAbstract to WrittenCommunications" order="24.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="SolicitingMaterial" xlink:title="presentation: CoverAbstract to SolicitingMaterial" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementTenderOffer" order="26.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementIssuerTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementIssuerTenderOffer" order="27.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.25.2</span><table class="report" border="0" cellspacing="2" id="id2">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Aug. 12, 2025</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Aug. 12,  2025<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-37794<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Hilton Grand Vacations Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001674168<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">81-2545345<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">6355 MetroWest Boulevard<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 180<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Orlando<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">FL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">32835<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">407<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">722-3100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.01 par value per share<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">HGV<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14a<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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