hyatt hotels corporationd18rn0p25nwr6d.cloudfront.net/cik-0001468174/fb79d593-eea7-44a… ·...

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 6, 2017

HYATT HOTELS CORPORATION(Exact name of registrant as specified in its charter)

Delaware 001-34521 20-1480589

(State or other jurisdictionof incorporation)

(CommissionFile Number)

(IRS EmployerIdentification No.)

150 North Riverside Plaza

Chicago, IL 60606(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (312) 750-1234

Former name or former address, if changed since last report: Not Applicable

ChecktheappropriateboxbelowiftheForm8-Kfilingisintendedtosimultaneouslysatisfythefilingobligationoftheregistrantunderanyofthefollowingprovisions:

☐ WrittencommunicationspursuanttoRule425undertheSecuritiesAct(17CFR230.425)

☐ SolicitingmaterialpursuanttoRule14a-12undertheExchangeAct(17CFR240.14a-12)

☐ Pre-commencementcommunicationspursuanttoRule14d-2(b)undertheExchangeAct(17CFR240.14d-2(b))

☐ Pre-commencementcommunicationspursuanttoRule13e-4(c)undertheExchangeAct(17CFR240.13e-4(c))

IndicatebycheckmarkwhethertheregistrantisanemerginggrowthcompanyasdefinedinRule405oftheSecuritiesActof1933(§230.405ofthischapter)orRule12b-2oftheSecuritiesExchangeActof1934(§240.12b-2ofthischapter).

Emerginggrowthcompany☐

Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

OnSeptember11,2017,HyattHotelsCorporation(the“Company”)filedaCertificateofRetirementwiththeSecretaryofStateoftheStateofDelawaretoretire1,813,459sharesofClassBCommonStock,parvalue$0.01pershare,oftheCompany(the“ClassBCommonStock”).All1,813,459sharesofClassBCommonStockwereconvertedintosharesofClassACommonStock,parvalue$0.01pershare,oftheCompany(the“ClassACommonStock”)inconnectionwiththerepurchasebytheCompanyof1,813,459sharesofClassBCommonStockfromcertainsellingstockholdersasdescribedbelow.TheCompany’sAmendedandRestatedCertificateofIncorporationrequiresthatanysharesofClassBCommonStockthatareconvertedintosharesofClassACommonStockberetiredandmaynotbereissued.TheCompanyhasalsoretiredall1,813,459sharesofClassACommonStockintowhichtheClassBCommonStockconverted,andsuchsharesofClassACommonStockhaveresumedthestatusofauthorizedbutunissuedshares.

Effectiveuponfiling,theCertificateofRetirementamendedtheAmendedandRestatedCertificateofIncorporationoftheCompanytoreducethetotalnumberofauthorizedsharesofcapitalstockoftheCompanyby1,813,459shares.ThetotalnumberofauthorizedsharesoftheCompanyisnow1,426,271,792shares,consistingof1,000,000,000sharesdesignatedClassACommonStock,416,271,792sharesdesignatedClassBCommonStock,and10,000,000sharesdesignatedPreferredStock,$0.01parvaluepershare.AcopyoftheCertificateofRetirementisattachedasExhibit3.1hereto.

Item 8.01 Other Events.

OnSeptember6,2017,theCompanyenteredintoaPurchaseandSaleAgreement(each,a“PurchaseandSaleAgreement”)witheachof(i)P19M2InvestorsII,L.L.C.,alimitedliabilitycompanyownedbytrustsforthebenefitofPennyPritzker,(ii)HortonTrustCompany,LLC,solelyinitscapacityastrusteeofcertaintrustsforthebenefitofcertainofthelinealdescendantsofPennyPritzker,(iii)TaoInvest,LLC,alimitedliabilitycompanyownedbyNicholasJ.PritzkerandbytrustsforthebenefitofNicholasJ.Pritzkerand/orhislinealdescendants,and(iv)PaulA.Bible,solelyinhiscapacityastrusteeofRATrust#25,atrustforthebenefitofNicholasJ.Pritzker,pursuanttowhichtheCompanyagreedtopurchaseanaggregateof1,813,459sharesofClassBCommonStockatapriceof$59.2875pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassACommonStockforthethree(3)trading-dayperiodendingSeptember5,2017asreportedbyBloomberg,foranaggregatepurchasepriceof$107,515,450.47.TheclosingsofsuchrepurchasetransactionsoccurredonSeptember11,2017.ThesharesofClassBCommonStockrepurchasedrepresentedapproximately1.5%oftheCompany’stotalsharesofcommonstockoutstandingpriortotherepurchase.

Uponrepurchase,the1,813,459sharesofClassBCommonStockautomaticallyconvertedinto1,813,459sharesofClassAcommonstock.All1,813,459sharesofClassBCommonStockconvertedintherepurchasehavebeenretiredinaccordancewiththeCompany’sCertificateofIncorporation,andthenumberofauthorizedsharesofClassBCommonStockhasbeenreducedby1,813,459.All1,813,459sharesofClassACommonStockintowhichthesharesofClassBCommonStockconvertedwerealsoretired,andresumedthestatusofauthorizedbutunissuedshares.Aftertherepurchasethereare74,123,330sharesofClassBCommonStockoutstandingand47,409,058sharesofClassACommonStockoutstanding.ThesharesrepurchasedwererepurchasedundertheCompany’spreviouslyannouncedrepurchaseprogram.Followingthisrepurchase,theCompanyhasapproximately$301.6millionremainingunderitsrepurchaseauthorization.

TheforegoingdescriptionofthePurchaseandSaleAgreementsisqualifiedinitsentiretybyreferencetothetextofthePurchaseandSaleAgreements,copiesofwhichareattachedheretoasExhibits99.1,99.2,99.3and99.4andincorporatedhereinbyreference.

Item 9.01 Financial Statements and Exhibits.ExhibitNumber Exhibit Description

3.1 CertificateofRetirementof1,813,459SharesofClassBCommonStock.

99.1 PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandP19M2InvestorsII,L.L.C.

99.2

PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandHortonTrustCompany,LLC,solelyinitscapacityastrusteeofcertaintrustsforthebenefitofcertainofthelinealdescendantsofPennyPritzker.

99.3 PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandTaoInvest,LLC.

99.4

PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandPaulA.Bible,solelyinhiscapacityastrusteeofRATrust#25,atrustforthebenefitofNicholasJ.Pritzker.

SIGNATURES

PursuanttotherequirementsoftheSecuritiesExchangeActof1934,theregistranthasdulycausedthisreporttobesignedonitsbehalfbytheundersignedhereuntodulyauthorized.

Hyatt Hotels Corporation

Date:September12,2017 By: /s/RenaHozoreReiss Name: RenaHozoreReiss Title: ExecutiveVicePresident,GeneralCounselandSecretary

INDEX TO EXHIBITSExhibitNumber Exhibit Description

3.1 CertificateofRetirementof1,813,459SharesofClassBCommonStock

99.1 PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandP19M2InvestorsII,L.L.C.

99.2

PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandHortonTrustCompany,LLC,solelyinitscapacityastrusteeofcertaintrustsforthebenefitofcertainofthelinealdescendantsofPennyPritzker.

99.3 PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandTaoInvest,LLC.

99.4

PurchaseandSaleAgreement,datedasofSeptember6,2017,betweenHyattHotelsCorporationandPaulA.Bible,solelyinhiscapacityastrusteeofRATrust#25,atrustforthebenefitofNicholasJ.Pritzker.

Exhibit 3.1

CERTIFICATE OF RETIREMENTOF

1,813,459 SHARES OF CLASS B COMMON STOCKOF

HYATT HOTELS CORPORATION

PursuanttoSection243(b)oftheGeneralCorporationLaw

oftheStateofDelaware

HyattHotelsCorporation,acorporationorganizedandexistingunderthelawsoftheStateofDelaware(the“Corporation”),HEREBYCERTIFIESasfollows:

1.1,813,459outstandingsharesofClassBCommonStock,parvalue$0.01pershare(“ClassBCommonStock”),oftheCorporationhavebeenconvertedinto1,813,459sharesofClassACommonStock,parvalue$0.01pershare(“ClassACommonStock”),oftheCorporation.

2.TheAmendedandRestatedCertificateofIncorporationoftheCorporationfiledwiththeSecretaryofStateoftheStateofDelawareonNovember4,2009,asamended,providesthatanysharesofClassBCommonStockwhichareconvertedintosharesofClassACommonStockshallberetiredandmaynotbereissuedbytheCorporation.

3.TheBoardofDirectorsoftheCorporationhasadoptedresolutionsretiringthe1,813,459sharesofClassBCommonStockthatconvertedinto1,813,459sharesofClassACommonStock.

4.Accordingly,pursuanttotheprovisionsofSection243(b)oftheGeneralCorporationLawoftheStateofDelaware,uponthefilingofthisCertificateofRetirementtheCertificateofIncorporationoftheCorporationshallbeamendedsoastoreducethetotalauthorizednumberofsharesofthecapitalstockoftheCorporationby1,813,459shares,suchthatthetotalnumberofauthorizedsharesoftheCorporationshallbe1,426,271,792,suchsharesconsistingof1,000,000,000sharesdesignatedClassACommonStock,416,271,792sharesdesignatedClassBCommonStock,and10,000,000sharesdesignatedPreferredStock,parvalue$0.01pershare.

Signaturepagefollows.

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INWITNESSWHEREOF,theCorporationhascausedthisCertificateofRetirementtobesignedbyitsdulyauthorizedofficer,this11thdayofSeptember,2017.

HYATT HOTELS CORPORATION

By: /s/RenaHozoreReiss Name:RenaHozoreReiss Title:ExecutiveVicePresident, GeneralCounselandSecretary

-2-

Exhibit 99.1

PURCHASE AND SALE AGREEMENT

ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenP19M2InvestorsII,L.L.C.,aDelawarelimitedliabilitycompany(the“Seller”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofSeptember6,2017.EachoftheSellerandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellerownsanaggregateof732,899shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;and

WHEREAS,theSellerdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$59.2875,subjecttothetermsandprovisionsofthisAgreement.

Agreement

NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementscontainedhereinandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:

1.PurchaseandSale.SelleragreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below).ThepurchasepricefortheSubjectSharesshallbe$59.2875pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingSeptember5,2017asreportedbyBloomberg,resultinginatotalPurchasePriceof$43,451,749.46duetotheSellerfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.

2.Closing.TheclosingofthetransactionscontemplatedbythisAgreement(the“Closing”)shalltakeplaceattheofficesofLatham&WatkinsLLP,330NorthWabashAvenue,Suite2800,Chicago,Illinois60611,onSeptember11,2017,oronsuchotherdateasthePartiesmaymutuallydetermine(the“ClosingDate”).

3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellerbywiretransferofimmediatelyavailablefundstoanaccountdesignatedinwritingbytheSeller.

4.ClosingDeliveriesbytheSeller.AttheClosing,theSellershalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithassignmentsseparatefromcertificatewithrespecttotheSubjectSharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyincluding,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSeller.TheSellerrepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power,Legal,ValidandBindingObligations.TheSeller(i)isdulyorganizedandvalidlyexistingand(ii)hasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSeller.ThisAgreementandtheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellerand,upondeliverythereofbytheSeller,willconstitutethelegal,validandbindingobligationsoftheSeller,enforceableagainsttheSellerinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellerofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellerisapartyorbywhichitoritsassetsorpropertyisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellerissubjectorbywhichitoritsassetsorpropertyisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellerofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)TitletoShares;LiensandEncumbrances.TheSelleristhelegalandbeneficialowneroftheSubjectSharesandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009,underthatcertainAmended&RestatedForeignGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodandmarketabletitlethereto,freeandclearofanyandallLiens.

(e)Broker’sFees.TheSellerhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

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(f)IndependentDecisiontoSell;Etc.TheSellerhasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthatithasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellerunderstandsthedisadvantagetowhichitmaybesubjectonaccountofthedisparityofinformationbetweenitandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellerregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSelleriscapable,byreasonofitsbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectingitsowninterestinconnectionwiththesaleoftheSubjectShares,andtheSelleracknowledgesthatithashadtheopportunitytodiscusstheinformationavailabletoitrelatingtothesaleoftheSubjectShareswithsuchadvisorsasithasdeemedappropriate.TheSelleracknowledgesthatthePurchaserhasnotgivenitanyinvestmentadviceorrenderedanyopiniontoitastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,itisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellerthatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellerisrelyingoneachsuchstatement.

(a)Power,Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichthePurchaserisapartyorbywhichitoritsassetsorpropertyisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichthePurchaserissubjectorbywhichitoritsassetsorpropertyisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

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(d)LegalMatters.Thereisnoaction,suitorproceedingbyorbeforeanycourtorgovernmentalorotherregulatoryoradministrativeagencyorcommissionpending,or,tothebestofthePurchaser’sknowledge,threatenedagainstorinvolvingthePurchaserwhichchallengesthevalidityofthisAgreementoranyactiontakenortobetakenbythePurchaserpursuanttothisAgreementorinconnectionwiththetransactionscontemplatedhereby.ThePurchaserisnotsubjecttoanyjudgment,orderordecreeenteredintoinanylawsuitorproceedingwhichwillhaveanadverseeffectonthetransactionscontemplatedhereby.

(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellercouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedanyinformationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSeller,andfurtheracknowledgesthattheSellerhasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.

(a)SurvivalofRepresentationsandWarrantiesHerein.Allrepresentations,warrantiesandcovenantssetforthhereinshallsurvivetheClosingDate.

(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachPartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbytheotherPartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythePartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)threedaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)onedayafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachPartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherPartyinaccordancewiththisParagraph(d).

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(e)Severability.IfanytermorprovisionofthisAgreement,ortheapplicationthereoftoanyperson,entityorcircumstance,shall,toanyextent,bedeterminedtobecontrarytolawandunenforceablebyanycourtoflaw,theremainingtermsandprovisionsofthisAgreement,andtheapplicationthereoftootherpersons,entitiesandcircumstances,shallnotbeinvalidatedthereby,andeachtermandprovisionhereofshallbeconstruedwithallotherremainingtermsandprovisionshereoftoeffecttheintentofthepartiestothefullestextentofthelaw.

(f)NoThirdPartyBeneficiaries.ThisAgreementshallnotconferanyrightsorremediesuponanypersonotherthanthepartiesheretoandtheirrespectivesuccessorsandpermittedassigns.

(g)GoverningLaw.ThisAgreementshallbegovernedbyandconstruedinaccordancewiththedomesticlawsoftheStateofDelawarewithoutgivingeffecttoanychoiceorconflictoflawprovisionorrule(whetheroftheStateofDelawareoranyotherjurisdiction)thatwouldcausetheapplicationofthelawsofanyjurisdictionotherthantheStateofDelaware.

(h)EntireAgreement.ThisAgreement,includingtheotherwritingsreferredtohereinordeliveredpursuanthereto,constitutestheentireagreementbetweenthePartiesheretowithrespecttothesubjectmatterhereof.

(i)BindingEffect.ThisAgreementandalltheprovisionshereofshallbebindinguponandinuretothebenefitofthePartiesandtheirrespectivesuccessorsandpermittedassigns.

(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherPartyheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartyisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoawareofitsconfidentialnature.

(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSeller,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.

(m)Costs.Allcostsinconnectionwiththenegotiation,preparation,executionandperformanceofthisAgreement,andanydocumentsreferredtoinit,willbebornebythePartythatincurredthecosts.


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INWITNESSWHEREOF,eachofthePartiesheretohasdulyexecutedthisAgreementasofthedatefirstabovewritten.

SELLER:

P19M2 Investors II, L.L.C. ,aDelawarelimitedliabilitycompany

By: HortonTrustCompanyLLC,Manager

By: /s/RonaldWrayName: RonaldWrayTitle: ChiefOperatingOfficer

Address:300N.LaSalleStreet,Suite1500Chicago,IL60654

[SignaturePagetoPurchaseandSaleAgreement–PP-LLC]

PURCHASER:

HYATTHOTELSCORPORATION,aDelawarecorporation

By:/s/PatrickGrismerName: PatrickGrismerTitle: ExecutiveVicePresident,ChiefFinancialOfficer

Address:150N.RiversidePlazaChicago,Illinois60606

[SignaturePagetoPurchaseandSaleAgreement–PP-LLC]

Exhibit 99.2


ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenHortonTrustCompanyLLC,initscapacityastrustee(the“SellingTrustee”)ofthetrustslistedonExhibitAattachedheretoandmadeaparthereof(each,a“SellingTrust”andcollectivelythe“SellingTrusts”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofSeptember6,2017.EachoftheSellingTrusteeandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheSellingTrustsownsanaggregateof417,101shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheSellingTrustsdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$59.2875,subjecttothetermsandprovisionsofthisAgreement;and

WHEREAS,thenumberofSubjectSharestobesoldbyeachoftheSellingTrustsisindicatedonExhibitA.

Agreement


1.PurchaseandSale.TheSellingTrusteeinitscapacityastrusteeoftheSellingTrustsagreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below),withthenumberofSubjectSharestobesoldbyeachoftheSellingTrustsindicatedonExhibitA.ThepurchasepricefortheSubjectSharesshallbe$59.2875pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingSeptember5,2017asreportedbyBloomberg,resultinginatotalPurchasePriceof$24,728,875.54duetotheSellingTrusteeinitscapacityastrusteeoftheSellingTrustsfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.


3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellingTrusteeinitscapacityastrusteeoftheSellingTrustsbywiretransferofimmediatelyavailablefundstotheaccountdesignatedinwritingbytheSellingTrustee.

4.ClosingDeliveriesbySellingTrustee.AttheClosing,theSellingTrusteeshalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithtransfersandassignmentsseparatefromcertificatewithrespecttotheSubjectSharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyandCertificatesofFiduciaryAuthority,including,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSellingTrustee.TheSellingTrusteerepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power;Legal,ValidandBindingObligations.TheSellingTrusteeandeachoftheSellingTrustsaredulyorganizedandvalidlyexisting.TheSellingTrusteehasallnecessarypowerandcapacityunderthetrustinstrumentsofeachoftheSellingTruststoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSellingTrustee.ThisAgreementandtheAncillaryDocumentstowhichtheSellingTrusteeisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellingTrusteeand,upondeliverythereofbytheSellingTrustee,willconstitutethelegal,validandbindingobligationsoftheSellingTrustee,enforceableagainsttheSellingTrusteeinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellingTrusteeisapartyorbywhichtheassetsorpropertyofanyoftheSellingTrustsareboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellingTrusteeissubjectorbywhichtheassetsorpropertyofanyoftheSellingTrustsarebound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

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(d)TitletoShares;LiensandEncumbrances.TheSellingTrusteeistheowneroftheSubjectSharesinitscapacityastrusteeoftheSellingTrustsandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodtitlethereto,freeandclearofanyandallLiens.

(e)Broker’sFees.TheSellingTrusteehasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

(f)IndependentDecisiontoSell;Etc.TheSellingTrusteehasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthatithasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellingTrusteeunderstandsthedisadvantagetowhichitmaybesubjectonaccountofthedisparityofinformationbetweenitandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellingTrusteeregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSellingTrusteeiscapable,byreasonofitsbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectingitsowninterestinconnectionwiththesaleoftheSubjectShares,andtheSellingTrusteeacknowledgesthatithashadtheopportunitytodiscusstheinformationavailabletohimrelatingtothesaleoftheSubjectShareswithsuchadvisorsasithasdeemedappropriate.TheSellingTrusteeacknowledgesthatthePurchaserhasnotgivenitanyinvestmentadviceorrenderedanyopiniontoitastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,itisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellingTrusteethatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellingTrusteeisrelyingoneachsuchstatement.

(a)Power;Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.

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(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellingTrusteecouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedany informationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSellingTrustee,andfurtheracknowledgesthattheSellingTrusteehasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.


(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachpartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbyanyotherpartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythepartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

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(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)sevendaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)twodaysafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachpartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherpartyinaccordancewiththisParagraph(d).






(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherpartiesheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartiesisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoareawareofitsconfidentialnature.

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(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSellingTrustee,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.


(n)TrusteeExculpation.WhenthisAgreementisexecutedbythetrusteeofanytrust,suchexecutionisbythetrustee,notindividuallybutsolelyastrusteeintheexerciseofandunderthepowerandauthorityconferreduponandinvestedinsuchtrustee,anditisexpresslyunderstoodandagreedthatnothinghereincontainedshallbeconstruedascreatinganyliabilityonanysuchtrusteepersonallytopayanyamountsrequiredtobepaidhereunderortoperformanycovenant,eitherexpressorimplied,containedherein,allsuchliability,ifany,beingexpresslywaivedbythepartiesheretobytheirexecutionhereof.AnyliabilityofanypartywhichisatrustunderthisAgreementshallbeonlythatofsuchtrusttothefullextentofitstrustestateandshallnotbeapersonalliabilityofanytrustee,grantororbeneficiarythereof.


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SELLING TRUSTEE:

HORTONTRUSTCOMPANYLLC,notindividually,butsolelyinitscapacityastrusteeofthetrustslistedonExhibitAattachedhereto

By:/s/RonaldWrayName: RonaldWrayTitle: ChiefOperatingOfficer

Address: 300N.LaSalleStreet,Suite1500 Chicago,IL60654

[SignaturePagetoPurchaseandSaleAgreement(PP-Trust)]

PURCHASER:



Address: 150NorthRiversidePlaza Chicago,Illinois60606

[SignaturePagetoPurchaseandSaleAgreement(PP-Trust)]

Exhibit ASelling Trusts

Name of Trust Number of Subject Shares to be SoldDonG.C.Trust#8 260,295LaSalleG.C.Trust#9 148,842R.A.G.C.Trust#8 7,964

Total 417,101

Exhibit 99.3


ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenTaoInvestLLC,aDelawarelimitedliabilitycompany(the“Seller”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofSeptember6,2017.EachoftheSellerandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellerownsanaggregateof470,682shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;and

WHEREAS,theSellerdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$59.2875,subjecttothetermsandprovisionsofthisAgreement.

Agreement


1.PurchaseandSale.SelleragreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below).ThepurchasepricefortheSubjectSharesshallbe$59.2875pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingSeptember5,2017asreportedbyBloomberg,resultinginatotalPurchasePriceof$27,905,559.08duetotheSellerfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.


3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellerbywiretransferofimmediatelyavailablefundstoanaccountdesignatedinwritingbytheSeller.

4.ClosingDeliveriesbytheSeller.AttheClosing,theSellershalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithassignmentsseparatefromcertificatewithrespecttotheSubjectSharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyincluding,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSeller.TheSellerrepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power,Legal,ValidandBindingObligations.TheSeller(i)isdulyorganizedandvalidlyexistingand(ii)hasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSeller.ThisAgreementandtheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellerand,upondeliverythereofbytheSeller,willconstitutethelegal,validandbindingobligationsoftheSeller,enforceableagainsttheSellerinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellerofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellerisapartyorbywhichitoritsassetsorpropertyisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellerissubjectorbywhichitoritsassetsorpropertyisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellerofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)TitletoShares;LiensandEncumbrances.TheSelleristhelegalandbeneficialowneroftheSubjectSharesandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009,underthatcertainAmended&RestatedForeignGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodandmarketabletitlethereto,freeandclearofanyandallLiens.

(e)Broker’sFees.TheSellerhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

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(f)IndependentDecisiontoSell;Etc.TheSellerhasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthatithasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellerunderstandsthedisadvantagetowhichitmaybesubjectonaccountofthedisparityofinformationbetweenitandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellerregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSelleriscapable,byreasonofitsbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectingitsowninterestinconnectionwiththesaleoftheSubjectShares,andtheSelleracknowledgesthatithashadtheopportunitytodiscusstheinformationavailabletoitrelatingtothesaleoftheSubjectShareswithsuchadvisorsasithasdeemedappropriate.TheSelleracknowledgesthatthePurchaserhasnotgivenitanyinvestmentadviceorrenderedanyopiniontoitastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,itisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellerthatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellerisrelyingoneachsuchstatement.

(a)Power,Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.



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(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellercouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedanyinformationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSeller,andfurtheracknowledgesthattheSellerhasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.


(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachPartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbytheotherPartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythePartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)threedaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)onedayafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachPartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherPartyinaccordancewiththisParagraph(d).

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(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherPartyheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartyisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoawareofitsconfidentialnature.

(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSeller,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.



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SELLER:

Tao Invest LLC ,aDelawarelimitedliabilitycompany

By:TaoCapitalPartnersLLC,aDelawarelimitedliabilitycompanyIts:ManagingMember

By: /s/JosephI.PerkovichName: JosephI.PerkovichTitle: President

Address: 1LettermanDrive,SuiteC4-420SanFrancisco,CA94129

[SignaturePagetoPurchaseandSaleAgreement–NJP-LLC]

PURCHASER:



Address: 150N.RiversidePlaza Chicago,Illinois60606

[SignaturePagetoPurchaseandSaleAgreement–NJP-LLC]

Exhibit 99.4


ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenPaulA.Bible,inhiscapacityastrustee(the“SellingTrustee”)ofR.A.Trust#25(the“Trust”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofSeptember6,2017.EachoftheSellingTrusteeandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellingTrusteeinhiscapacityastrusteeoftheTrustownsanaggregateof192,777shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;and

WHEREAS,theSellingTrusteeinhiscapacityastrusteeoftheTrustdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$59.2875,subjecttothetermsandprovisionsofthisAgreement.

Agreement


1.PurchaseandSale.TheSellingTrusteeinhiscapacityastrusteeoftheTrustagreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below).ThepurchasepricefortheSubjectSharesshallbe$59.2875pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingSeptember5,2017asreportedbyBloomberg,resultinginatotalPurchasePriceof$11,429,266.39duetotheSellingTrusteeinhiscapacityastrusteeoftheTrustfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.


3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellingTrusteeinhiscapacityastrusteeoftheTrustbywiretransferofimmediatelyavailablefundstotheaccountdesignatedinwritingbytheSellingTrustee.

4.ClosingDeliveriesbySellingTrustee.AttheClosing,theSellingTrusteeshalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithtransfersandassignmentsseparatefromcertificatewithrespecttotheSubjectSharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyandCertificatesofFiduciaryAuthority,including,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSellingTrustee.TheSellingTrusteerepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power;Legal,ValidandBindingObligations.TheTrustisdulyorganizedandvalidlyexisting.TheSellingTrusteehasallnecessarypowerandcapacityunderthetrustinstrumentoftheTrusttoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSellingTrustee.ThisAgreementandtheAncillaryDocumentstowhichtheSellingTrusteeisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellingTrusteeand,upondeliverythereofbytheSellingTrustee,willconstitutethelegal,validandbindingobligationsoftheSellingTrustee,enforceableagainsttheSellingTrusteeinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichheisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellingTrusteeisapartyorbywhichtheassetsorpropertyoftheTrustisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellingTrusteeissubjectorbywhichtheassetsorpropertyoftheTrustisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)TitletoShares;LiensandEncumbrances.TheSellingTrusteeistheowneroftheSubjectSharesinhiscapacityastrusteeoftheTrustandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009,underthatcertainAmended&RestatedForeignGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodtitlethereto,freeandclearofanyandallLiens.

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(e)Broker’sFees.TheSellingTrusteehasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

(f)IndependentDecisiontoSell;Etc.TheSellingTrusteehasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthathehasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellingTrusteeunderstandsthedisadvantagetowhichhemaybesubjectonaccountofthedisparityofinformationbetweenhimandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellingTrusteeregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSellingTrusteeiscapable,byreasonofhisbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectinghisowninterestinconnectionwiththesaleoftheSubjectShares,andtheSellingTrusteeacknowledgesthathehashadtheopportunitytodiscusstheinformationavailabletohimrelatingtothesaleoftheSubjectShareswithsuchadvisorsashehasdeemedappropriate.TheSellingTrusteeacknowledgesthatthePurchaserhasnotgivenhimanyinvestmentadviceorrenderedanyopiniontohimastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,heisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellingTrusteethatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellingTrusteeisrelyingoneachsuchstatement.

(a)Power;Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.


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(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellingTrusteecouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedany informationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSellingTrustee,andfurtheracknowledgesthattheSellingTrusteehasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.


(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachpartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbyanyotherpartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythepartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)sevendaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)twodaysafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachpartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherpartyinaccordancewiththisParagraph(d).

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(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherpartiesheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartiesisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoareawareofitsconfidentialnature.

(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSellingTrustee,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.

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(n)TrusteeExculpation.WhenthisAgreementisexecutedbythetrusteeofanytrust,suchexecutionisbythetrustee,notindividuallybutsolelyastrusteeintheexerciseofandunderthepowerandauthorityconferreduponandinvestedinsuchtrustee,anditisexpresslyunderstoodandagreedthatnothinghereincontainedshallbeconstruedascreatinganyliabilityonanysuchtrusteepersonallytopayanyamountsrequiredtobepaidhereunderortoperformanycovenant,eitherexpressorimplied,containedherein,allsuchliability,ifany,beingexpresslywaivedbythepartiesheretobytheirexecutionhereof.AnyliabilityofanypartywhichisatrustunderthisAgreementshallbeonlythatofsuchtrusttothefullextentofitstrustestateandshallnotbeapersonalliabilityofanytrustee,grantororbeneficiarythereof.


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SELLING TRUSTEE:

PAULA.BIBLE,notindividually,butsolelyinhiscapacityastrusteeofR.A.Trust#25

/s/PaulA.Bible

Address:165WestLibertyStreet,Suite210Reno,NV89501

[SignaturePagetoPurchaseandSaleAgreement(NJP-Trust)]

PURCHASER:



Address: 150NorthRiversidePlaza Chicago,Illinois60606

[SignaturePagetoPurchaseandSaleAgreement(NJP-Trust)]