system: You are a contract-analysis assistant performing a span-extraction task. You are given an excerpt from a commercial contract and the name of a clause type to locate within it.

Return the exact text of the requested clause, copied verbatim from the excerpt — identical wording and punctuation, with no paraphrasing, summarising, explanation, or added commentary.

The excerpt is one window of a much longer contract and often will not contain the requested clause. If the requested clause does not appear in this excerpt, respond with exactly: Not found.

Output only the extracted clause text, or the exact string `Not found.` — nothing else.

user: Contract excerpt:
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NOT PUNITIVE OR EXEMPLARY DAMAGES. 19M INTENTIONALLY DELETED 31 ADDENDUM TO FRANCHISE AGREEMENT Effective Date: March 21, 2014 (closing date) Franchisor Name: HOMEWOOD SUITES FRANCHISE LLC, a Delaware limited liability company Brand: Homewood Suites by Hilton (excluding Home2 Suites by Hilton and any other brands or product lines containing "Suites," "Hilton" or the "by Hilton" tagline in the name) Initial Approved Hotel Name (Trade Name): Homewood Suites by Hilton Stratford Principal Mark in Brand: Homewood Franchisee Name and Address ARC Hospitality TRS Stratford, (Attn: Principal Legal Correspondent): LLC 405 Park Avenue New York, New York 10022 Attention: Jesse Galloway Phone: (212) 415-6500 E-mail: juallowavRarIcap.com Franchisor will also provide a courtesy copy of any notice, for informational purposes only, to: Crestline Hotels & Resorts, LLC 3950 University Drive, Suite 301 Fairfax, Virginia 22030 Attention: CEO and General Counsel E-mail: james.carrollcrestlinehotels.com pierre.donahueacrestlinehotels.com Any failure by Franchisor to provide a courtesy copy of any notice will not constitute a breach of this Agreement nor will it affect the validity of any notice that is provided to Franchisee pursuant to Subsection 17.7 of this Agreement. Address of Hotel: 6905 Main Street Stratford, Connecticut 06614 Initial Number of Approved Guest Rooms: 135 Plans Submission Dates: Preliminary Plans: n/a Design Development (50%) Plans and Specifications: n/a Final (100%) Plans and Specifications: n/a Construction Commencement Date: n/a 1 Construction Work Completion Date: n/a Renovation Commencement Date: The Effective Date Renovation Work Completion Date: In accordance with the attached PIP Expiration Date: at midnight on the last day of the month fifteen (15) years from the Effective Date Monthly Fees: Monthly Program Fee: Four percent (4%) of the Hotel's Gross Rooms Revenue for the preceding calendar month. The Monthly Program Fee is subject to change by us. Any change may be established in the Standards, but the rate will not exceed the standard Monthly Program Fee as of the Effective Date plus one percent (1%) of the Hotel's Gross Rooms Revenue during the Term Monthly Royalty Fee: Five percent (5%) of the Hotel's Gross Rooms Revenue for the preceding calendar month Additional Requirements/Special Provisions: · The parties acknowledge that the Hotel is an existing System Hotel that was authorized to open under the Brand before the Effective Date. · Obligations of Prior Franchisee. You acknowledge and agree that you are directly responsible for, and will pay on demand, all fees and charges due and owing us and the Entities related to the prior franchise agreement for the Hotel if any such fees and charges remain outstanding as of or accrue after the Effective Date of this Agreement. · Section 1, Definitions of "Opening Date" and "Publicly Traded Equity Interest": Modified · Subsection 5.1.25: Modified · Subsection 8.1: Modified · Subsection 11.2.1: Modified · Subsections 14.4.1.1. and 14.4.1.3: Modified · Section 19 - Acknowledgment of Exemption: Intentionally Deleted Your Ownership Structure: See Attached Schedule 1 Ownership Structure of Affiliate Fee Owner or Lessor/Sublessor of the Hotel or Hotel Site: See Attached Schedule 2 2 IN WITNESS WHEREOF, the Parties have executed this Agreement, which has been entered into and is effective as of the Effective Date set forth above. FRANCHISEE: FRANCHISOR: ARC HOSPITALITY TRS STRATFORD LLC, a Delaware limited liability corn an HOMEWOOD SUITES FRANCHISE LLC, a Delaware limited liability company By: /s/ Jesse C. Galloway By: /s/ James Holthouser Name: Jesse C. Galloway Name: James Holthouser Authorized Signatory Authorized Signatory Title: Executed on: 3/14/14 Executed on: ( Lir 1 NEW YORK ADDENDUM TO FRANCHISE AGREEMENT Notwithstanding anything to the contrary set forth in the Franchise Disclosure Document or Franchise Agreement, the following provisions will supersede and apply to all franchises offered and sold under the laws of the State of New York: 1. Subsection 9.6 of the Franchise Agreement requiring you to consent to the entry of an injunction is amended to provide that you consent to the seeking of such an injunction. 2. Subsection 17.8 is amended to provide that no release language set forth in the Franchise Agreement will relieve Franchisor or any other person, directly or indirectly, from liability imposed by the laws of the State of New York concerning franchising. FRANCHISEE: FRANCHISOR: ARC HOSPITALITY TRS STRATFORD, LLC, a Delaware limited liability company HOMEWOOD SUITES FRANCHISE LLC, a Delaware limited liability company By: Name: Title: Executed on: By: /s/ Jesse C. Galloway By: Name: Jesse C. Galloway Name: Title: Authorised Signatory Title: Authorized Signatory 3/i4/11 4 1 NEW YORK ADDENDUM TO FRANCHISE AGREEMENT Notwithstanding anything to the contrary set forth In the Franchise Disclosure Document
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Extract the exact clause related to "Expiration Date" from the excerpt above.

assistant: Expiration Date: at midnight on the last day of the month fifteen (15) years from the Effective Date