VACATION CLUB
PREMIER LOYALTY PROGRAM

Vacation Ownership programs are purchased for vacation. They are designed to enjoy special moments with your family and friends.

Using and exchanging your week(s) each year should always be your first option, and of course, you will always have the opportunity to allow your family members or friends to use your vacation weeks if you can’t use them. Since we know that vacations are not always possible, the last option would be to lease your week(s) for this year.

Velas Vallarta Vacation Club may help you with the new Premier Loyalty Program for Vacation Club members.

The Vacation Club Premier Loyalty Program has been designed to help offset some of the maintenance fees. Different circumstances may influence the modification of this program, such as changes in travel arrangements, the world economy, and Referral Program needs, among others. Thus, it will be redesigned, defining the number of weeks to be included and the assignment priorities and benefits. Velas Vallarta Vacation Club will be entitled to modify the Premier Loyalty Program every year.

Read this Agreement carefully, which specifies the Terms and Conditions to request your week(s) to be deposited into the Vacation Club Premier Loyalty Program for 2026.

Fill in this Agreement if you would like to deposit your 2026 week into the Vacation Club Premier Loyalty Program.

Referidos

1. LENGTH OF TERM

This agreement exclusively applies for one Regular Week during 2026. For any subsequent years in which you may want to deposit your week into the Premier Loyalty Program, you must sign a new agreement, and a copy of the new agreement with the related terms and conditions that will be available at www.velasresorts.com/loyaltyprogram on September 15th of every year.

2. AUTHORIZATION

The Member authorizes Velas Vallarta Vacation Club to use the 2026. Regular Week. Velas Vallarta Vacation Club has the exclusive right to use the mentioned week at its discretion upon members confirming the acceptance of the deposited week. This agreement regulates the rights and commitments of both parties involved. Members with multiple-week memberships must fill in one of these formats for each week they wish to deposit into the program.

3. ACCEPTANCE

This document is acknowledged as a request to participate in the Vacation Club Premier Loyalty Program. It must only bind responsibility for Velas Vallarta Vacation Club once the acceptance of the application has been confirmed to the member. Within 2026, the Vacation Club Premier Loyalty Program warrants that 100 weeks will be accepted; the approval of a week to participate in the Vacation Club Premier Loyalty Program will be based on the priorities outlined in point No. 4 of this document. Some criteria for accepting your application in the program is not having delays with fees and/or maintenance payments before sending your request. In the event of a financed membership should be current on all monthly payments before submitting an application.

4. ACCEPTANCE PRIORITIES

The first 100 applications received by November 15, 2025, from Members who are up to date with their payments and have always paid their maintenance fees and monthly payments on time (if they have financing) may qualify for acceptance into the Velas Vallarta Vacation Club Premier Loyalty Program. If more than 100 members apply, first-time users will have priority, then second-time users, members who use the new referral program (Club Velas Rewards), and so on. If there are fewer than 100 applicants after this first assignment, the residual weeks will be assigned to the first members who apply and are current with all their above payments. If more applications than weeks are available, first-time users will have priority, second-time users, and so on. The members must have paid at least 50% of the total value of the operation to apply for a week for 2026 into the Vacation Club Premier Loyalty Program.

5. DUE DATE

Velas Vallarta Vacation Club will receive the member’s weeks requests into the Vacation Club Premier Loyalty Program for 2026 starting on October 1st, 2025, and no later than November 15th, 2025. In case Velas Vallarta Vacation Club does not accept any given week(s) application(s) for any of the reasons mentioned in point No. 4 of this document, or if the requested weeks are more than the 100 weeks to be accepted for 2026, or the request was received prior or past the due date, the Member will be notified before January 31st, 2026, via e-mail to the email address submitted within the request. Suppose the members do not receive the acceptance notification of their week into the Premier Loyalty Program before January 31st, 2026; in that case, the application was not accepted for 2026. In this case, Members may use their week according to the Reservation Policies.

6. RESERVATION PROCEDURES

Once the members accomplish the terms described in Clause 4, they may fill in the request to deposit their week, which will be available online at the website designed for this purpose: www.velasresorts.com/loyaltyprogram by September 15th of each year. The member will receive an automatic email notification informing that the email and registration have been received.

7. EXCLUSIVE RIGHTS

To fulfill this agreement, the Member accepts that it is strictly forbidden to use a leasing agent or to commit the use of their week into any exchange company unless the Vacation Club Premier Loyalty Program makes a written cancellation or a week removal authorization.

8. REPRESENTATION

The Member accepts that Velas Vallarta Vacation Club will not be liable for those weeks that may not be accepted into the Vacation Club Premier Loyalty Program.

9. BENEFITS

Upon the confirmation of acceptance of the submitted application, Velas Vallarta Vacation Club warrants to lease the Member’s week for the equivalent value of the Maintenance Fee (not including the Added Value Tax and the Lodging Tax) plus a percentage according to the following:

• For Studio units during Super Prime and Holiday Season - 15%
• For One Bedroom units during Prime Season - 15%
• For One Bedroom units during Super Prime and Holiday Season - 30%
• For Two Bedrooms and Three Bedrooms during Prime Season - 30%
• For Two Bedrooms and Three Bedrooms during Super Prime and Holiday Season - 30%

Velas Vallarta Vacation Club may change these percentages in the future. They will subtract a fee of $80 USD per leased week deposited and accepted into the Vacation Club Premier Loyalty Program to compensate for the management and administrative expenses.

10. BENEFIT PAYMENTS

The lease of the Member’s week will be paid on November 1st, 2026. This payment will be applied to any current or future expenses, such as Maintenance Fees, food and beverages, Spa, or merchandise purchases at Velas Vallarta. This will be the only form of payment. If applicable, the Member will be responsible for any tax liabilities that may incur on their leased profits. The Member will be responsible for any tax liabilities that may incur on their leased profits if applicable. The Member may consult a tax expert to ensure the fulfillment of their county’s tax laws. Velas Vallarta Vacation Club will provide the format 1099 if applicable for American citizens.

11. LOSS OF LEASING RIGHTS

The Member accepts that they may lose the Vacation Club Premier Loyalty Program rights in case of any late payment to Velas Vallarta Vacation Club. All the weeks submitted into the program will be withdrawn from eligibility to this program.

12. COMPENSATION

The Member commits to keep Velas Vallarta Vacation Club’s good name and reputation by:

• Abstaining from any defamation or slander by any means of advertising or legal media;
• Paying compensation;
• Defending and refraining from damaging Velas Vallarta Vacation Club, its representatives, employees, and agents;
• Refraining against any loss, claim, demand, or type of damage (including legal expenses and fees) which may arise from this agreement or any fault of the clauses herein stated committed by the Member

13. NOTICES

For any questions or clarifications, please contact us at: loyaltyprogram@velasresorts.com.

14. PROOF OF MEMBERSHIP

The Member warrants that they hold the right to use the vacation week stated below and that it is duly authorized to request the deposited week into the Vacation Club Premier Loyalty Program and to execute the right and commitment according to this herein agreement.

I confirm that the week described in this agreement is in effect in the Vacation Club Premier Loyalty Program, with the understanding that the filling of this request in itself is not considered an acceptance by Velas Vallarta Vacation Club to be included in the Vacation Club Premier Loyalty Program.

I acknowledge that Velas Vallarta Vacation Club will notify me —only at my registered email address— of the acceptance of my week to be deposited into the Vacation Club Premier Loyalty Program by January 1st, 2026. The lack of notice will be understood as NOT ACCEPTED into the Vacation Club Premier Loyalty Program.

I acknowledge that the regular week corresponding to the use term for 2026 described within this agreement may be accepted exclusively into the Vacation Club Premier Loyalty Program. I also state that this week is not part of my Platinum or Bonus Weeks, and I have not deposited this week into any exchange company.

VACATION CLUB PREMIER LOYALTY PROGRAM

VACATION CLUB
PREMIER LOYALTY PROGRAM