8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 20, 2014

Diamond Resorts International, Inc.
(Exact name of registrant as specified in its charter)

Delaware	001-35967	46-1750895
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)
10600 West Charleston Boulevard, Las Vegas, Nevada		89135
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code: 702-684-8000

Not Applicable                 

Former name or former address, if changed since last report

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:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

On August 20, 2014, Diamond Resorts Centralized Services Company, a wholly-owned subsidiary of Diamond Resorts International, Inc. (the “Company”), and Praesumo Partners, LLC (“Praesumo Partners”) entered into a Third Extension Agreement, which, among other things, extends the term of that certain Terms of Engagement Agreement for Individual Independent Contractor, dated as of June 2009, for an additional one-year term expiring on August 31, 2015. Lowell D. Kraff, the Vice Chairman of the Company’s Board of Directors, is a beneficial owner and a controlling party of Praesumo Partners. A copy of the Third Extension Agreement is attached as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

d) Exhibits

Exhibit No.	Description
10.1	Third Extension Agreement, dated August 20, 2014, among Diamond Resorts Centralized Services Company and Praesumo Partners, LLC.

SIGNATURES

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.

	Diamond Resorts International, Inc.
August 22, 2014	By: /s/ David F. Palmer  Name: David F. Palmer Title: President and Chief Executive Officer

EX-10.1

EXHIBIT 10.1

THIRD EXTENSION AGREEMENT

This Third Extension Agreement is entered into on August 20, 2014 by and between Diamond Resorts Centralized Services Company (the "Company") and Praesumo Partners, LLC ("Independent Contractor").

The parties had executed and delivered a Terms of Engagement Agreement for Individual Independent Contractor dated as of June 1, 2009, an Extension Agreement thereto, effective as of June 1, 2010, an Amendment to Extension Agreement dated January 1, 2011, and a Second Extension Agreement dated September 12, 2012, which was automatically renewed for a term through August 31, 2014 (collectively, the “Prior Agreement”). The parties now wish to formalize their agreement that the Prior Agreement be extended for an additional one-year period (the “Term”). Any additional extensions of the Term shall require agreement of the parties. Capitalized terms not defined in this Third Extension Agreement shall have the meanings ascribed to them in the Prior Agreement.

Therefore, the undersigned hereby agree that:

a) The Prior Agreement is hereby extended for an additional one-year term, which shall commence as of September 1, 2014, and shall expire on August 31, 2015.

b) Independent Contractor shall be reimbursed per diem for expenses incurred in connection with providing services within this Agreement but not to exceed a maximum daily reimbursement of $2,000 for all expenses, excluding airfare, provided that the maximum daily limit for hotel/lodging expenses shall not exceed $1,000 per day, and the maximum daily limit for car service/ground transportation shall not exceed $500 per day.

c) The parties hereby agree that, except as expressly modified pursuant to this Extension Agreement, Prior Agreement remains in full force and effect.

IN WITNESS WHEREOF, this Extension Agreement has been executed as of the date first written above.

Praesumo Partners, LLC

By: /s/ Lowell D. Kraff___________

Name: Lowell D. Kraff

Title: Managing Member

Diamond Resorts Centralized Services Company

By: /s/ Jared T. Finkelstein_________

Name: Jared T. Finkelstein

Title: SVP, General Counsel & Secretary