PART 2KEY DEFINITIONS

Exchange contracts10

1

An “exchange contract” means a contract between—

a

a consumer who is also party to a timeshare contract, and

b

a trader,

under which the consumer, for consideration, joins a timeshare exchange system.

2

A “timeshare exchange system” is a system which allows a consumer access to overnight accommodation or other services in exchange for giving other persons temporary access to the benefits deriving from the consumer’s timeshare contract.