Document:

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                                                                   EXHIBIT 10.13

                        CORPORATE OVERHEAD FEE AGREEMENT

      This CORPORATE OVERHEAD FEE AGREEMENT (this "Agreement") is entered into
as of ______________, 2005, by and between John Q. Hammons Hotels, L.P., a
Delaware limited partnership (the "Partnership"), and JQH Acquisition LLC, a
Delaware limited liability company (the "Manager").

      WHEREAS, the Manager is specially skilled in financial, strategic
planning, management consulting and other management skills and services;

      WHEREAS, the Partnership wishes to obtain the benefit of the experience of
the Manager and its knowledge of the Partnership and the Partnership's financial
affairs in particular;

      WHEREAS, the Manager is willing to make such skills available and to
provide such services to the Partnership on the terms and conditions hereinafter
set forth;

      NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
promises hereinafter set forth, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Partnership
and the Manager, intending to be legally bound, do hereby agree as follows:

      1. Engagement. The Partnership hereby engages the Manager for the Term (as
hereinafter defined) and upon the terms and conditions herein set forth to
provide consulting and management advisory services to the Partnership or any of
its subsidiaries, as reasonably requested from time to time by the Partnership
(the "Services"). The Services will be in the field of financial, strategic
planning, management consulting services and such other management areas as the
Manager and the Partnership shall mutually agree. In consideration of the
compensation to the Manager specified herein, the Manager accepts such
engagement and agrees to perform the Services.

      2. Term. The engagement hereunder shall be for a term commencing as of the
date hereof and expiring on the Liquidation Completion Date, as such term is
defined in the Third Amended and Restated Partnership Agreement of the
Partnership (the "Term"). The expiration of the Term of this Agreement shall not
affect the Partnership's obligations pursuant to Section 4 with respect to any
portion of the Management Fee (as defined below) payable to the Manager that is
not paid by the Partnership as of the expiration of the Term.

      3. Services to be Performed. The Manager shall devote reasonable time and
efforts to the performance of the Services. However, no precise number of hours
is to be devoted by the Manager on a weekly or monthly basis. The Manager may
perform the Services directly, through its employees or agents, or with such
outside consultants as the Manager may engage for

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such purpose. The Partnership acknowledges that the Services to it will not be
exclusive, and that the Manager and its affiliates may render similar services
to other persons.

      4. Management Fee. In consideration of the Manager's services hereunder,
the Partnership shall pay to the Manager an aggregate annual fee (the
"Management Fee") equal to $1,000,000, which Management Fee shall be paid to the
Manager by the Partnership in equal monthly installments of $83,333.33 per
month. Such Management Fee is to be paid in cash monthly in arrears on the first
day of each calendar month.

      5. Indemnification. In addition to its agreements and obligations under
this Agreement, the Partnership agrees to indemnify and hold harmless the
Manager and its affiliates (including its officers, directors, managers,
members, employees and agents) from and against any and all claims, liabilities,
losses and damages (or actions in respect thereof) as and when incurred by the
Manager or any such other indemnified person, in any way related to or arising
out of the performance by the Manager of the Services, and to reimburse the
Manager and any other such indemnified person for reasonable out-of-pocket legal
and other expenses as and when incurred by any of them in connection with or
relating to investigating, preparing to defend, or defending any actions, claims
or other proceedings (including any investigation or inquiry) arising in any
manner out of or in connection with the Manager's performance under this
Agreement (whether or not such indemnified person is a named party in such
proceeding); provided, however, that the Partnership shall not be responsible
under this Section 5 for any claims, liabilities, losses, damages or expenses to
the extent that they are finally judicially determined (in an action in which
the Manager is a party) to result from actions taken by the Manager (or such
other indemnified person) due primarily to the Manager's (or such other
indemnified person's) gross negligence or willful misconduct.

      6. Notices. Any notice, report or payment required or permitted to be
given or made under this Agreement by any party shall be deemed to have been
duly given or made if personally delivered, transmitted via facsimile or, if
mailed, when mailed by registered or certified mail, postage prepaid, to the
other party at the following addresses or facsimile numbers (or at such other
address or facsimile number as shall be given in writing by one party to the
other):

                     If to the Manager:

                     JQH Acquisition LLC
                     Carnegie Hall Tower
                     152 West 57th Street, 56th Floor
                     New York, New York  10019

                     Attention:  Jonathan D. Eilian
                     Fax No.:  (212) 884-8753
                     Confirmation No.:  (212) 884-8827

                                       2
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                     With a copy to:

                     Kaye Scholer LLC
                     Three First National Plaza
                     41st Floor
                     70 West Madison Street
                     Chicago, Illinois  60602-4231

                     Attention:  Gary R. Silverman, Esq.
                     Fax No.:  (212) 583-2530
                     Confirmation No.:  (312) 583-2330

                     If to the Partnership:
                     ________________________
                     ________________________
                     ________________________
                     ________________________

                     Attention:__________________
                     Fax No.:  __________________
                     Confirmation No.:___________

                     With a copy to:

                     ________________________
                     ________________________
                     ________________________
                     ________________________

                     Attention:__________________
                     Fax No.:____________________
                     Confirmation No.:___________

                                       3
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      7. Modifications. This Agreement constitutes the entire agreement between
the parties hereto with regard to the subject matter hereof, superseding all
prior understandings and agreements whether written or oral. This Agreement may
not be amended or revised except by a writing signed by the parties.

      8. Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties and their respective successors and assigns, but
may not be assigned by any party without the prior written consent of the other
parties hereto.

      9. Captions. Captions have been inserted solely for convenience of
reference and in no way define, limit or describe the scope or substance of any
provision and shall not affect the validity of any other provision.

      10. Governing Law. This Agreement will be governed by the laws of the
State of Delaware, without regard to conflicts of laws principles.

      11. Jurisdiction; Services of Process. Any action or proceeding seeking to
enforce any provision of, or based on any right arising out of, this Agreement
shall be brought against any of the parties only in the Courts of the State of
Delaware or, if it has or can acquire jurisdiction, in the United States
District Court for the District of Delaware, and each of the parties consents to
the exclusive jurisdiction of such courts (and of the appropriate appellate
courts) in any such action or proceeding and waives any objection to venue laid
therein. Process in any action or proceeding referred to in the preceding
sentence may be served on any party anywhere in the world.

      12. WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY
CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND
ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS
CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS
VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 12.

      13. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which, when
taken together, shall constitute one and the same instrument.

                                    * * * * *

                                       4
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      IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first above written.

                                               JQH ACQUISITION LLC

                                               By: _____________________________
                                                   Name:
                                                   Title:

                                               JOHN Q. HAMMONS HOTELS, L.P.

                                               By: _____________________________
                                                   Name:
                                                   Title:<PAGE>

                                                                   EXHIBIT 10.14

                        DEVELOPMENT RESTRICTION AGREEMENT

                                  BY AND AMONG

                        JOHN Q. HAMMONS HOTELS, L.P., AND
                      JOHN Q. HAMMONS HOTELS TWO, L.P. AND
                                    [TRS] AND
                             JONATHAN D. EILIAN AND
                          ANY AFFILIATES OF ANY OF THEM
                            (COLLECTIVELY, "OWNERS"),
                                       AND
                           JOHN Q. HAMMONS ("JQH") AND

         THE REVOCABLE TRUST OF JOHN Q. HAMMONS DATED DECEMBER 28, 1989,
                 AS AMENDED AND RESTATED (THE "JQH TRUST") AND
                        ANY AFFILIATE OF JQH OR JQH TRUST
                       (COLLECTIVELY, THE "JQH ENTITIES')

                           DATED AS OF [JUNE __], 2005

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                        DEVELOPMENT RESTRICTION AGREEMENT

      THIS DEVELOPMENT RESTRICTION AGREEMENT (this "Agreement") is made as of
[June __], 2005 by and among John Q. Hammons Hotels, L.P., a Delaware limited
partnership, ("LP"), John Q. Hammons Hotels Two, L.P., a Delaware limited
partnership, ("II LP") and [TRS], each on behalf of itself and its Subsidiaries
(collectively, the "Owners" and each, an "Owner") and Jonathan D. Eilian
("JDE"), Atrium Hotels, LLC, a Delaware limited liability company ("GP") and
John Q. Hammons ("JQH"), the Revocable Trust of John Q. Hammons dated December
28, 1989, as amended and restated (the "JQH Trust") and any Affiliate of JQH or
the JQH Trust which develops or constructs hotels and related facilities
(collectively, the "JQH Entities" and each, a "JQH Entity").

      WHEREAS, in connection with a transaction whereby JQH Aquisition LLC, a
Delaware limited liability company, through merger of its wholly-owned
subsidiary with John Q. Hammons Hotels, Inc., a Delaware corporation ("JQH,
Inc."), acquired all of the interests in JQH, Inc. and, indirectly, certain of
the partnership interests of LP and of II LP, in each case owned by JQH, Inc.,
JQH or certain of his Affiliates (the "Formation Transaction"), the Owners
acquired ownership interests in certain hotels and related facilities listed on
Exhibit A attached hereto and made a part hereof (collectively, so long as such
hotels and related facilities are at least 50% owned or leased or subleased by
any Owner, the "Owner Hotels" and each, an "Owner Hotel").

      WHEREAS, the JQH Entities currently own, lease or operate certain hotel
properties and associated convention and banquet facilities, specifically
including those properties and facilities set forth and more particularly
described in Exhibit B attached hereto (the "Existing JQH Properties");

      WHEREAS, the JQH Entities intend to develop, build and operate new hotels,
including owner-occupied/guest rental time-share projects and "condo" hotels or
similar nightly rental hospitality projects, and related convention and banquet
facilities from and after the date hereof (the "New JQH Facilities" and each, a
"New JQH Facility", and collectively, with the Existing JQH Properties, the "JQH
Hotels" and each, a "JQH Hotel"), and the Owners and the JQH Entities desire to
enter into this Agreement to evidence their agreement relating to the
development and construction of any New JQH Facility which could affect the
ownership and operation of any Owner Hotel.

      WHEREAS, Owner, JDE or any of either of their Affiliates (other than iStar
Financial) may develop, build and operate new hotels, including
owner-occupied/guest rental time-share projects "condo" hotels or similar
nightly rental hospitality projects, and related convention and banquet
facilities from and after the date hereof (collectively, the "Owner Developed
Hotels" and each, an "Owner Developed Hotel"), and the Owners, JDE and the JQH
Entities desire to enter into this Agreement to evidence their agreement
relating to the development and construction of any Owner Developed Hotel which
could affect the ownership and operation of any JQH Hotel.

      WHEREAS, GP may develop, build and operate new hotels, including
owner-occupied/guest rental time-share projects "condo" hotels or similar
nightly rental hospitality projects, and related convention and banquet
facilities from and after the date hereof

<PAGE>

(collectively, the "GP Developed Hotels" and each, a "GP Developed Hotel"), and
the Owners and GP desire to enter into this Agreement to evidence their
agreement relating to the development and construction of any GP Developed Hotel
which could affect the ownership and operation of any Owner Hotel.

      NOW, THEREFORE, in consideration of the mutual covenants herein contained
and for other good and valuable consideration given and received by each party,
receipt of which is hereby acknowledged, the parties hereto agree as follows:

                                   ARTICLE I
                            IMPACT STUDY REQUIREMENTS

      1.1 SOLICITATION OF IMPACT STUDY RELATING TO A NEW JQH FACILITY

      (a) Owner, JDE and JQH agree that (i) the New JQH Facility proposed to be
developed as a Marriott Hotel to be located in North Charleston, South Carolina,
(ii) the New JQH Facility proposed to be developed as an Embassy Suites Hotel to
be located in Oklahoma City, Oklahoma, (iii) the New JQH Facility proposed to be
developed as a Residence Inn by Marriott to be located in Oklahoma City,
Oklahoma, and (iv) the New JQH Facility proposed to be developed as a Residence
Inn by Marriott to be located in Kansas City, Missouri are specifically excluded
from this Agreement. In all other instances, at least 60 days prior to entering
into any agreements in connection with the development or construction (but not
the acquisition) of any New JQH Facility, including any convention or banquet
facility, JQH or the applicable JQH Entity shall deliver written notice to LP or
II LP (the "JQH Notice"), as applicable, describing the location, type, number
of rooms, physical amenities and intended franchise designation of any New JQH
Facility proposed to be developed. Within fifteen (15) days after receipt of the
JQH Notice, the applicable Owner shall (i) deliver written notice to JQH or the
applicable JQH Entity if Owner decides to commission from an unrelated
third-party provider experienced in the analysis of such matters an impact study
(an "Impact Study"), which will analyze the relevant market area and facts to
determine the effect such a proposed New JQH Facility would be expected to have
on the revenues and results of operations of any Owner Hotel, and (ii) if such
Impact Study is commissioned, contract with such third party provider for the
completion and delivery of such Impact Study in accordance herewith. In the
event that Owner does not (i) deliver such written notice, or (ii) subsequently
contract with such third party provider within such 15-day period, then Owner
shall be deemed to have waived such right, and JQH or the applicable JQH Entity
may proceed with the development or construction of such proposed New JQH
Facility. Owners and JQH or the applicable JQH Entity shall cooperate to ensure
that such Impact Study will be delivered within thirty (30) days after being
commissioned, and such Impact Study shall, in any event, be completed within
forty-five (45) days after being commissioned, subject to any delays (y) caused
by JQH or any JQH Entity, or (z) as a result of "force majeure" events outside
of the control of such provider or Owner.

      (b) In the event the Impact Study indicates that the New JQH Facility
would have no impact, a positive impact or a negative impact quantified as less
than 2% of the annual gross revenues for the most recent full year of operation
of such Owner Hotel, on the revenues and operation of such Owner Hotel, then the
Owner of such Owner Hotel shall pay the costs of the

<PAGE>

Impact Study, and JQH or the applicable JQH Entity shall have the right to
proceed with the development of such proposed New JQH Facility.

      (c) In the event the Impact Study indicates that the New JQH Facility
would have a negative impact quantified as 2% or more of the annual gross
revenues for the most recent full year of operation of such Owner Hotel, on the
revenues and operation of such Owner Hotel, then JQH shall pay the costs of the
Impact Study, and either (i) Owner and the applicable JQH Entity shall enter
into a joint venture or other equity-sharing arrangement on mutually agreed
terms with respect to such proposed New JQH Facility, or (ii) the applicable JQH
Entity shall not proceed with the development of such proposed New JQH Facility.

      1.2 SOLICITATION OF IMPACT STUDY RELATING TO A NEW OWNER FACILITY

      (a) At least 60 days prior to entering into any agreements in connection
with the development or construction (but not an acquisition) of any Owner
Developed Hotel, including any convention or banquet facility, the applicable
Owner or JDE or any of his Affiliates shall deliver written notice to JQH or the
applicable JQH Entity (the "Owner Notice"), as applicable, describing the
location, type, number of rooms, physical amenities and intended franchise
designation of any Owner Developed Hotel proposed to be developed (a "New Owner
Facility"). Within fifteen (15) days after receipt of the Owner Notice, JQH or
the applicable JQH Entity shall (i) deliver written notice to JDE or the
applicable Owner if JQH or the applicable JQH Entity decides to commission an
Impact Study, which will analyze the relevant market area and facts to determine
the effect such a proposed New Owner Facility would be expected to have on the
revenues and results of operations of any JQH Hotel, and (ii) if such Impact
Study is commissioned, contract with such third party provider for the
completion and delivery of such Impact Study in accordance herewith. In the
event that JQH or the applicable JQH Entity does not (i) deliver such written
notice, or (ii) subsequently contract with such third party provider within such
15-day period, then JQH or the applicable JQH Entity shall be deemed to have
waived such right, and Owner may proceed with the development or construction of
such proposed New Owner Facility. Owners or JDE, as applicable, and JQH or the
applicable JQH Entity shall cooperate to ensure that such Impact Study will be
delivered within thirty (30) days after being commissioned, and such Impact
Study shall, in any event, be completed within forty-five (45) days after being
commissioned, subject to any delays (y) caused by JQH or any JQH Entity, or (z)
as a result of "force majeure" events outside of the control of such provider or
JQH or the applicable JQH Entity.

      (b) In the event the Impact Study indicates that the New Owner Facility
would have no impact, a positive impact or a negative impact quantified as less
than 2% of the annual gross revenues for the most recent full year of operation
of such JQH Hotel, on the revenues and operation of such JQH Hotel, then JQH or
the JQH Entity which owns such JQH Hotel shall pay the costs of the Impact
Study, and the applicable Owner or JDE shall have the right to proceed with the
development of such proposed New Owner Facility.

      (c) In the event the Impact Study indicates that the New Owner Facility
would have a negative impact quantified as 2% or more of the annual gross
revenues for the most recent full year of operation of such JQH Hotel, on the
revenues and operation of such JQH Hotel, then

<PAGE>

Owner or JDE, as applicable shall pay the costs of the Impact Study, and either
(i) the applicable JQH Entity and Owner or JDE, as applicable, shall enter into
a joint venture or other equity-sharing arrangement on mutually agreed terms
with respect to such proposed New Owner Facility, or (ii) the applicable Owner
or JDE shall not proceed with the development of such proposed New Owner
Facility.

      1.3 SOLICITATION OF IMPACT STUDY RELATING TO A NEW GP FACILITY

      (a) At least 60 days prior to entering into any agreements in connection
with the development or construction (but not an acquisition) of any GP
Developed Hotel, including any convention or banquet facility, the GP shall
deliver written notice to LP and JQH (the "GP Notice"), describing the location,
type, number of rooms, physical amenities and intended franchise designation of
any GP Developed Hotel proposed to be developed (a "New GP Facility"). Within
fifteen (15) days after receipt of the GP Notice, LP or JQH shall (i) deliver
written notice to GP if LP or JQH decides to commission an Impact Study, which
will analyze the relevant market area and facts to determine the effect such a
proposed New GP Facility would be expected to have on the revenues and results
of operations of any Owner Hotel, and (ii) if such Impact Study is commissioned,
contract with such third party provider for the completion and delivery of such
Impact Study in accordance herewith. In the event that neither LP nor JQH (i)
delivers such written notice, or (ii) subsequently contracts with such third
party provider within such 15-day period, then LP and JQH shall be deemed to
have waived such right, and GP may proceed with the development or construction
of such proposed New GP Facility. LP, JQH and GP shall cooperate to ensure that
such Impact Study will be delivered within thirty (30) days after being
commissioned, and such Impact Study shall, in any event, be completed within
forty-five (45) days after being commissioned, subject to any delays (y) caused
by LP or JQH, or (z) as a result of "force majeure" events outside of the
control of such provider or LP or JQH.

      (b) In the event the Impact Study indicates that the New GP Facility would
have no impact, a positive impact or a negative impact quantified as less than
2% of the annual gross revenues for the most recent full year of operation of
such Owner Hotel, on the revenues and operation of such Owner Hotel, then LP or
JQH shall pay the costs of the Impact Study, and GP shall have the right to
proceed with the development of such proposed New GP Facility.

      (c) In the event the Impact Study indicates that the New GP Facility would
have a negative impact quantified as 2% or more of the annual gross revenues for
the most recent full year of operation of such Owner Hotel, on the revenues and
operation of such Owner Hotel, then GP shall pay the costs of the Impact Study,
and either (i) the GP and LP shall enter into a joint venture or other
equity-sharing arrangement on terms mutually agreed among GP, LP and JQH with
respect to such proposed New GP Facility, or (ii) the GP shall not proceed with
the development of such proposed New GP Facility.

                                   ARTICLE II
                               GENERAL PROVISIONS

      2.1 Term of Agreement. This Agreement shall continue in effect until the
later to occur of (i) the demise of JQH or (ii) such time as the Preferred
Redemption Price (as defined below) has been paid in full to the holders of
Hammons Preferred Units (as defined below) on or

<PAGE>

prior to the Liquidation Completion Deadline (as defined below) in accordance
with the terms and conditions of that certain Fourth Amended and Restated
Agreement of Limited Partnership of [John Q. Hammons Hotels], L.P., dated as of
the date hereof, as amended, supplemented or otherwise modified from time to
time in accordance with its terms (the "Partnership Agreement"). "Preferred
Redemption Price," "Hammons Preferred Units," and "Liquidation Completion
Deadline" shall have the meanings accorded to such terms in the Partnership
Agreement.

      2.2 Successors and Assigns. This Agreement is personal to each of Owner,
and each of their Affiliates and JDE and GP and JQH, each JQH Entity and each of
their Affiliates, and neither party may assign its interest in this Agreement
without the consent of the other party hereto. Each of Owner, JDE, GP, JQH and
JQH Entity shall irrevocably designate in writing and appoint one or more
individuals as its exclusive representative(s) ("Designated Representative") to
act for and on behalf of all Owners and JDE and GP and JQH Entities and JQH, as
the case may be, and to exercise any of the rights of each of Owners and JDE and
GP and the JQH Entities and JQH, respectively, in all respects under this
Agreement, including, without limitation, to give and receive notices and
communications, and to take all other actions on behalf of any Owner or JDE or
GP and any JQH Entity or JQH, respectively, as necessary or appropriate under
this Agreement. Any Designated Representative may be replaced by Owner or JDE or
GP or JQH or any JQH Entity, as the case may be, from time to time upon not less
than thirty (30) days' prior written notice to the other party hereto. Any
decision, act, approval, consent or instruction taken or given by any Designated
Representative pursuant to this Agreement shall be and constitute a decision,
act, approval, consent or instruction of the applicable Owner, JDE, GP, JQH or
JQH Entity, as the case may be, and shall be final, binding and conclusive upon
such Owner, JDE, GP, JQH and such JQH Entity, respectively, and the other party
hereto, in each case, may rely upon any such decision, act, approval, consent or
instruction of the applicable Owner or JDE or GP or JQH Entity or JQH, as the
case may be. This Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective successors, permitted assigns, heirs and
legatees.

      2.3 Amendments; Waivers. This Agreement may not be amended or modified
except by an instrument in writing signed by, or on behalf of, each of the
parties hereto. The failure of a party to insist upon strict adherence to any
term of this Agreement on any occasion shall not be considered a waiver or
deprive such party of the right to insist later on adherence hereto, or
thereafter to insist upon strict adherence to that term or any other term of
this Agreement. Any waiver must be in writing and signed by the party against
whom enforcement is sought in order to be effective.

      2.4 Governing Law. The interpretation and construction of this Agreement
and (unless otherwise expressly provided herein) all amendments hereof and
waivers and consents hereunder shall, to the extent the particular subject
matter is controlled by state law, be governed by and be construed in accordance
with the substantive law of the State of Delaware, without regard to the
conflicts of laws principles thereof.

      2.5 Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY
CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT

<PAGE>

HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION
HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE SUCH WAIVER, (B) IT UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVER, (C) IT MAKES SUCH WAIVER
VOLUNTARILY AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 2.5.

      2.6 Jurisdiction; Service of Process. Any action or proceeding seeking to
enforce any provision of, or based on any right arising out of, this Agreement
shall be brought against any of the parties only in the Courts of the State of
Delaware or, if it has or can acquire jurisdiction, in the United States
District Court for the District of Delaware, and each of the parties consents to
the exclusive jurisdiction of such courts (and of the appropriate appellate
courts) in any such action or proceeding and waives any objection to venue laid
therein. Process in any action or proceeding referred to in the preceding
sentence may be served on any party anywhere in the world.

      2.7 Entire Agreement. This Agreement constitutes a complete statement of
all of the binding agreements among the parties as of the date hereof with
respect to the subject matter contained herein and supersedes all prior
agreements, understandings, negotiations and discussions, whether oral or
written, between them with respect to such subject matter.

      2.8 Notices. All notices and other communications under this Agreement
shall be in writing and shall be deemed given (a) when delivered by hand or
certified mail, return receipt requested, postage prepaid, (b) when transmitted
by telecopier (providing electronic confirmation of transmission) or (c) when
received if sent by overnight courier (providing proof of delivery), to the
addressee at the following addresses or telecopier numbers (or to such other
address or telecopier number as a party may specify from time to time by notice
hereunder):

             (i)   If to JQH or any JQH Entity:

                   John Q. Hammons
                   300 John Q. Hammons Parkway,
                   Suite 900
                   Springfield, Missouri 65806
                   Telephone: (417) 864-4300
                   Facsimile: (417) 873-3511

<PAGE>

                   with a copy (which shall not constitute notice) to:

                   Blackwell Sanders Peper Martin LLP
                   4801 Main Street, Suite 1000
                   Kansas City, Missouri 64112
                   Attn:      Gary D. Gilson and
                              David C. Agee
                   Telephone: (816) 983-8000
                   Facsimile: (816) 983-8080

           (ii)    If to any Owner:

                   Jonathan D. Eilian
                   JD Holdings, LLC
                   152 West 57th Street, 56th Floor
                   New York, New York 10023
                   Telephone: (212) 884-8827
                   Facsimile: (212) 884-8753

                   with a copy (which shall not constitute notice) to:

                   Kaye Scholer, LLC
                   Three First National Plaza,
                   70 West Madison Street, Suite 4100
                   Chicago, Illinois  60602
                   Attention: Gary R. Silverman and
                              Lauretta J. Moran
                   Telephone: (312) 583-2300
                   Facsimile: (312) 583-2360

           (iii)   If to GP:

                   Jonathan D. Eilian
                   JD Holdings, LLC
                   152 West 57th Street, 56th Floor
                   New York, New York 10023
                   Telephone: (212) 884-8827
                   Facsimile: (212) 884-8753

<PAGE>

                   with a copy (which shall not constitute notice) to:

                   Kaye Scholer, LLC
                   Three First National Plaza,
                   70 West Madison Street, Suite 4100
                   Chicago, Illinois  60602
                   Attention: Gary R. Silverman and
                              Lauretta J. Moran
                   Telephone: (312) 583-2300
                   Facsimile: (312) 583-2360

      2.9 Titles and Headings. Titles and headings to sections herein are
inserted for the convenience of reference only and are not intended to be a part
of or to affect the meaning or interpretation of this Agreement. References to
"Sections" refer to Sections of this Agreement, unless otherwise stated.

      2.10 Severability. If any term or provision of this Agreement or the
application thereof to any party hereto or set of circumstances shall, in any
jurisdiction and to any extent, be finally held to be invalid or unenforceable,
such term or provision shall only be ineffective as to such jurisdiction, and
only to the extent of such invalidity or unenforceability, without invalidating
or rendering unenforceable any other terms or provisions of this Agreement or
under any other circumstances, and the parties shall negotiate in good faith a
substitute provision which comes as close as possible to the invalidated or
unenforceable term or provision, and puts the parties in a position as nearly
comparable as possible to the position they would have been in but for such
finding of invalidity or unenforceability, while remaining valid and
enforceable.

      2.11 Counterparts. This Agreement may be executed in several counterparts,
each of which shall be considered an original, but all of which together shall
constitute one and the same instrument.

      2.12 Remedies Including Injunction and Specific Performance. In the event
that any of any JQH Entity or JQH or any Owner or JDE shall default in the
performance of any of its respective obligations hereunder in any material
respect, then the other party hereto shall have the right (i) to seek specific
performance or injunctive relief from any court of competent jurisdiction to
enforce Owner's or any JQH Entity's respective rights under this Agreement, as
the case may be, and (ii) to payment by the nonprevailing party of any and all
attorneys' fees and costs, including any court costs and costs of any
consultants incurred by such Owner, JDE or JQH Entity or JQH, as the case may
be, which is the prevailing party in any action, negotiation or proceeding to
enforce such party's rights under this Agreement.

      2.13 Confidentiality. Except as otherwise required by law or judicial
order or decree or by any governmental authority, each Owner, JDE, JQH and each
JQH Entity shall maintain the confidentiality of all nonpublic information
delivered in a JQH Notice or an Owner Notice and corresponding Impact Study, as
the case may be, under this Agreement, unless such information becomes known to
the public in a manner unrelated to such party. It is understood and agreed that
such nonpublic information may be disclosed to attorneys, consultants, officers,

<PAGE>

directors, members or agents of each Owner, JDE, JQH and JQH Entity, to the
extent deemed necessary by each such Owner, JDE, JQH and JQH Entity, subject to
such attorneys', consultants', officers', directors', members' or agents'
maintaining the confidentiality of such information as set forth herein.

      2.14 Definitions.

      (a) "Affiliate" shall mean any individual or entity, directly or
indirectly through one or more intermediaries, controlling, controlled by, or
under common control with a party. The term "control," as used in the
immediately preceding sentence, means, with respect to a corporation, the right
to exercise, directly or indirectly, fifty percent (50%) or more of the voting
rights attributable to the shares of the controlled corporation and, with
respect to an entity that is not a corporation, the possession, directly or
indirectly, of the power to direct or cause the direction of the management or
policies of the controlled entity.

      (b) "Person" means any individual, corporation, partnership, joint
venture, trust, unincorporated organization, other entity or governmental body,
in each case whether in such individual's or entity's own capacity or as an
agent or fiduciary of another Person.

      (c) "Subsidiary" of any Person means any other Person that, now or at any
time hereafter, is directly or indirectly owned 50% or more (in terms of voting
securities or other voting ownership or partnership interest) by such first
Person; provided, however, that such other Person shall be deemed to be a
"Subsidiary" only so long as the foregoing test continues to be met.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first written above.

                            JOHN Q. HAMMONS HOTELS, L.P.

                            By:       John Q. Hammons Hotels, Inc.,
                                      its general partner

                                      By: ______________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                            JOHN Q. HAMMONS HOTELS TWO, L.P.

                            By:       John Q. Hammons Hotels, L.P.,
                                      its general partner

                                      By:John Q. Hammons Hotels, Inc.,
                                      its general partner

                                      By: ______________________________________
                                      Name:_____________________________________
                                      Title:____________________________________

                            [TRS]

                            By: ________________________________________________
                            Name: ______________________________________________
                            Title: _____________________________________________

                            ____________________________________________________
                                            JONATHAN D. EILIAN

                            ____________________________________________________
                                              JOHN Q. HAMMONS

                            ____________________________________________________
                            ___________________, as Trustee of the
                            REVOCABLE TRUST OF JOHN Q. HAMMONS

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