EXHIBIT 10(W) SEA PINES COUNTRY CLUB THIRD CLARIFICATION OF MEMBERSHIP PLAN This THIRD CLARIFICATION OF MEMBERSHIP PLAN DOCUMENTS (the "Third Clarification"), is made as of this 30th day of April, 1996, by and between SEA PINES COMPANY, INC. (formerly...Third Clarification of Membership Plan • January 29th, 1997 • Sea Pines Associates Inc • Hotels & motels • South Carolina
