Document:

Exhibit 10.13

                       ASSIGNMENT AND ASSUMPTION OF LEASE

                  THIS ASSIGNMENT AND ASSUMPTION OF LEASE (this "Assignment") is
made and entered into effective as of May 8, 2000 (the "Effective  Date") by and
among LORETTA M. CIMEO, GEORGE C. MORELLI, JOSEPH P. MORELLI, ESTHER E. MORELLI,
CHARLES  P.  MORELLI,  THOMAS  W.  MORELLI  AND JOHN J.  MORELLI  (collectively,
"Landlord"), PROMUS HOTELS, INC., a Delaware corporation ("Assignor"), and APPLE
SUITES, INC., a Virginia  corporation,  as trustee for Apple Suites Pennsylvania
Business Trust ("Assignee"). Capitalized terms used but not defined herein shall
have the meanings  assigned to such terms in the documents  assigned and assumed
hereby.

                                   WITNESSETH:

                  WHEREAS,  Landlord,  as the  landlord,  and  Assignor,  as the
tenant,  entered  into certain  Ground  Lease dated July 1, 1996,  as amended by
Amendment To Ground Lease between  Landlord and Assignor  dated July 1, 1996 and
by Second  Amendment To Ground Lease And  Amendment To Short Form Lease  between
Landlord and Assignor dated March 6, 2000 (as so amended,  the "Ground  Lease"),
and a Short Form Lease was  recorded on November  15,  1996 as  Instrument  No.:
68773 with the Chester  County,  Pennsylvania,  Office of the Recorder of Deeds,
relating  to the  lease of  certain  real  property  located  in  Malvern,  East
Whiteland,  Pennsylvania,  as more particularly  described in Exhibit A attached
hereto and made a part hereof (the "Leased Premises"); and

                  WHEREAS, Assignor and Assignee desire that Assignor assign the
Ground Lease to Assignee and that Assignee  assume the obligations of the tenant
thereunder,  and Assignor and Assignee desire that Landlord evidence its consent
to same and its release of Assignor from any and all  obligations  arising under
the Ground Lease as tenant thereunder from and after the Effective Date; and

                  WHEREAS,  Landlord,  Assignor and  Assignee  desire to execute
this Assignment to evidence such assignment, assumption, consent and release;

                  NOW, THEREFORE, KNOW ALL PERSONS BY THESE PRESENTS:

                  THAT, for and in  consideration of the premises and the sum of
Ten Dollars  ($10.00)  and other good and  valuable  consideration  cash in hand
paid,  the  receipt  and  sufficiency  of  which  are  hereby  acknowledged  and
confessed, Assignor by these presents does hereby SELL, TRANSFER and ASSIGN unto
Assignee  all of the right,  title and interest of Assignor in, to and under the
Ground  Lease,  subject  to all  matters  set forth or  described  in  Exhibit B
attached hereto and made a part hereof.

<PAGE>

                  TO HAVE AND TO HOLD such interest of Assignor in, to and under
the Ground Lease,  together  with all and singular the rights and  appurtenances
pertaining thereto, unto Assignee and Assignee's successors and assigns forever;
and,  subject to the matters herein set forth,  Assignor does hereby bind itself
and its  successors and assigns to WARRANT AND FOREVER DEFEND such interest unto
Assignee and Assignee's successors and assigns,  against every person whomsoever
lawfully  claiming or to claim the same or any part thereof by, through or under
Assignor, but not otherwise.

                  Assignee  hereby assumes all of the  obligations of the tenant
under the Ground Lease arising on and after the Effective  Date and agrees to be
bound by and to perform all of the terms,  conditions and covenants by which the
tenant is bound thereunder. Assignor hereby agrees to indemnify, defend and hold
Assignee  harmless from and against all of the  obligations  of the tenant under
the Ground Lease arising prior to the Effective Date.

                  Landlord hereby consents to the assignment of the Ground Lease
from Assignor to Assignee,  and Assignee's  assumption of the obligations of the
tenant  thereunder  on and after the Effective  Date.  In  connection  with such
consent,  Landlord hereby  releases and discharges  Assignor from each and every
obligation  and  liability  accruing  under  the  Ground  Lease on and after the
Effective Date, provided,  however,  that Assignor shall remain fully liable for
each and every obligation and liability accruing under the Ground Lease prior to
the Effective Date.

                  Each of Landlord,  Assignor and Assignee  hereby confirms that
it intends for this Assignment to be a complete assignment to Assignee of all of
Assignor's  rights,  titles and interests in, to and under the Ground Lease, and
all of Assignor's  obligations  thereunder,  and is not a sublease of the Leased
Premises.

                  ASSIGNEE HEREBY  ACKNOWLEDGES  AND AGREES THAT,  EXCEPT AS SET
FORTH  HEREIN AND IN THAT  CERTAIN  AGREEMENT  OF SALE DATED  NOVEMBER  22, 1999
BETWEEN,  AMONG OTHERS,  ASSIGNOR AND APPLE  SUITES,  INC., AS THE SAME HAS BEEN
AMENDED, ASSIGNOR HAS NOT MADE ANY REPRESENTATION OR WARRANTY, EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE.

                  For  purposes  of  providing  notices to the tenant  under the
Ground Lease pursuant to same, the address of Assignee is:

                           c/o Cornerstone Realty Income Trust, Inc.
                           306 East Main Street
                           Richmond, Virginia 23219
                           Attention:   Mr. Glade M. Knight
                           Telephone:   804/643-1761
                           Facsimile:   804/782-9302

                                    with a copy to:

                           Jenkens & Gilchrist
                           1445 Ross Avenue, Suite 3200
                           Dallas, Texas 75202-2799
                           Attention:   Thomas E. Davis, Esq.
                           Telephone:   214/855-4500
                           Facsimile:   214/855-4300

                                       2

<PAGE>

                  This  Assignment  shall be binding upon and shall inure to the
benefit of Landlord,  Assignor and Assignee and their respective  successors and
assigns.

                  This  Assignment may be executed in one or more  counterparts,
each of which shall be deemed an original.  Said  counterparts  shall constitute
but  one  and  the  same  instrument  and  shall  be  binding  upon  each of the
undersigned  individually  as fully and  completely as if all had signed but one
instrument  and shall be unaffected by the failure of any of the  undersigned to
execute any or all of said counterparts.

                  Thomas  W.   Morelli   is   executing   this   Assignment   as
attorney-in-fact  for Loretta M. Cimeo,  George C.  Morelli,  Joseph P. Morelli,
Esther E.  Morelli,  Charles P.  Morelli,  and John J.  Morelli  pursuant to the
provisions of "Section 23. Power of Attorney" of the Ground Lease.

                  EXECUTED as of the Effective Date.

                            [Signature Pages Follow]

                                       3

<PAGE>

                             Assignor Signature Page
                                       to
         Assignment  and  Assumption of Lease made and entered into effective as
         of May 8, 2000 by and among Loretta M. Cimeo, George C. Morelli, Joseph
         P. Morelli,  Esther E. Morelli,  Charles P. Morelli,  Thomas W. Morelli
         and John J. Morelli,  Promus Hotels, Inc., a Delaware corporation,  and
         Apple Suites, Inc., a Virginia corporation, as trustee for Apple Suites
         Pennsylvania Business Trust

                                          ASSIGNOR:

                                          PROMUS HOTELS, INC.

                                          By /s/ Stevan D. Porter
                                             -----------------------------------
                                             Stevan D. Porter
                                             Executive Vice President

<PAGE>

                             Assignee Signature Page
                                       to
         Assignment  and  Assumption of Lease made and entered into effective as
         of May 8, 2000 by and among Loretta M. Cimeo, George C. Morelli, Joseph
         P. Morelli,  Esther E. Morelli,  Charles P. Morelli,  Thomas W. Morelli
         and John J. Morelli,  Promus Hotels, Inc., a Delaware corporation,  and
         Apple Suites, Inc., a Virginia corporation, as trustee for Apple Suites
         Pennsylvania Business Trust

                                        ASSIGNEE:

                                        APPLE SUITES, INC., as trustee for Apple
                                        Suites Pennsylvania Business Trust

                                        By /S/ Glade M. Knight
                                           -------------------------------------
                                           Name:  Glade M. Knight
                                           Title: Chairman of the Board and
                                                  President

<PAGE>

                             Landlord Signature Page
                                       to
         Assignment  and  Assumption of Lease made and entered into effective as
         of May 8, 2000 by and among Loretta M. Cimeo, George C. Morelli, Joseph
         P. Morelli,  Esther E. Morelli,  Charles P. Morelli,  Thomas W. Morelli
         and John J. Morelli,  Promus Hotels, Inc., a Delaware corporation,  and
         Apple Suites, Inc., a Virginia corporation, as trustee for Apple Suites
         Pennsylvania Business Trust

                                             LANDLORD:

                                             /s/  Thomas W. Morelli
                                             -----------------------------------
                                             THOMAS W. MORELLI, Attorney-in-Fact

<PAGE>

STATE OF CALIFORNIA                     )
                                        )  ss.:
COUNTY OF LOS ANGELES                   )

                  On this  4th day of May,  2000,  before  me,  the  undersigned
officer,  personally  appeared  Stevan D. Porter,  Executive  Vice  President of
PROMUS HOTELS, INC., who acknowledged himself to be the Executive Vice President
of said  corporation and that he, as such officer,  being authorized to do so on
behalf of the corporation,  executed the foregoing instrument,  for the purposes
therein  contained,  by signing the name of the  corporation,  as Executive Vice
President.

                  IN WITNESS WHEREOF, I hereunto set my hand and official seal.

                                        /s/  David Marote
                                        ----------------------------------------
                                        Notary Public

My commission expires:

       8/8/2002
---------------------

<PAGE>

STATE OF VIRGINIA                       )
                                        )  ss.:
CITY OF RICHMOND                        )

                  On this  2nd day of May,  2000,  before  me,  the  undersigned
officer,  personally  appeared Glade M. Knight,  President and Chairman of APPLE
SUITES,  INC., who acknowledged himself to be the President and Chairman of said
corporation and that he, as such officer, being authorized to do so on behalf of
the corporation,  executed the foregoing  instrument as trustee for Apple Suites
Pennsylvania Business Trust, for the purposes therein contained,  by signing the
name of the corporation, as President and Chairman.

                  IN WITNESS WHEREOF, I hereunto set my hand and official seal.

                                         /s/ Jacquelyn B. Owens
                                         ---------------------------------------
                                         Notary Public

My commission expires:

       6/30/03
---------------------

<PAGE>

STATE OF PENNSYLVANIA          )
                               )  ss.:
COUNTY OF CHESTER              )

                  On this  3rd day of May,  2000,  before  me,  the  undersigned
officer,  personally appeared Thomas W. Morelli,  known to me (or satisfactorily
proven) to be the person whose name is subscribed to the within  instrument  and
acknowledged that he executed the same for the purposes therein contained.

                  IN WITNESS WHEREOF, I hereunto set my hand and official seal.

                                       /s/  Lynda Ellison
                                       -----------------------------------------
                                       Notary Public

My commission expires:

    June 17, 2002
---------------------

<PAGE>

                                    EXHIBIT A

                          LEGAL DESCRIPTION OF PREMISES

ALL THAT CERTAIN  parcel of land  SITUATE in East  Whiteland  Township,  Chester
County, Pennsylvania, being bounded and described according to a Survey and Plan
thereof entitled ALTA/ACSM Land Title Survey for Promus Hotel Corporation, dated
August 12, 1996 by Chester Valley  Engineers,  Inc.,  Paoli,  Pennsylvania,  and
being more fully described as follows:

BEGINNING at a point on the southerly legal Right of Way Line of Swedesford Road
- S. R. 1002, 94 feet wide, a corner in common of these and lands now or late of
the Pennsylvania State University;  THENCE from the point of beginning,  leaving
said right of way line, along said lands, South 28 degrees 04 minutes 35 seconds
East  566.35  feet  to a  point  on  line  of  other  lands  now or  late of the
Pennsylvania  State  University;  THENCE along said lands,  along the  northerly
Legal  Right of Way Line for  Limited  Access of U.S.  Route  202 - S. R.  0202,
variable width,  South 59 degrees 09 minutes 34 seconds West 168.05 feet; THENCE
continuing  along said right of way line, North 88 degrees 24 minutes 32 seconds
West 186.61  feet to a corner of lands now or late of Loretta M.  Cimeo,  et al:
THENCE  leaving  said right of way line,  along said lands,  North 28 degrees 04
minutes 35 seconds West 457.22 feet to a point on the  southerly  Legal Right of
Way Line of Swedesford Road - S.R. 1002,  aforesaid;  THENCE along said right of
way line,  along a curve to the right having a radius of 13.468.61  feet, an arc
length of 330.94  feet,  and a chord  bearing  North 57  degrees  36  minutes 55
seconds East 330.94 feet to the point of beginning.

<PAGE>

                                    EXHIBIT B

1.   Taxes and assessments for the year 2000 and subsequent years.

2.   Right of Way  Easement  by and  between  Promus  Hotels,  Inc.,  a Delaware
     corporation,  and the Pennsylvania State University, dated July 2, 1996 and
     recorded November 15, 1996 in Record Book 4107, Page 2244.

3.   Terms and conditions of Ground Lease between Thomas W. Morelli,  Loretta M.
     Cimeo, George C. Morelli, Joseph P. Morelli, Esther E. Morelli,  Charles P.
     Morelli,   and  John  J.  Morelli  ("Landlord")  and  Promus  Hotels,  Inc.
     ("Tenant"),  as amended by Amendment To Ground Lease  between  Landlord and
     Tenant  dated  July 1, 1996 and by  Second  Amendment  To Ground  Lease And
     Amendment  To Short Form Lease  between  Landlord and Tenant dated March 6,
     2000 (the "Second Amendment"), a Memorandum of which was dated July 1, 1996
     and recorded  November 15, 1996 in Book 4107,  Page 2237, as amended by the
     Second Amendment which has been or is to be recorded.

4.   Building Entrance Facility Grant by Thomas W. Morelli, Loretta M. Cimeo, et
     al. and Promus Hotels, Inc. for the benefit of Bell  Atlantic-Pennsylvania,
     Inc. dated December 11, 1996 and recorded in Book 4171, Page 2027.Exhibit 10.2(i)

                              TERMINATION AGREEMENT

This Termination Agreement ("Agreement") dated as of the date last signed by the
Parties, by and among Transmedia Network, Inc., TMNI International Incorporated
(Transmedia Network, Inc. and TMNI International Incorporated are collectively
referred to herein as "Network" and individually as "TMN" and "International"
respectively), Transmedia Europe, Inc. and Transmedia Asia Pacific, Inc.
(Transmedia Europe Inc. and Transmedia Asia Pacific, Inc. are individually
referred to as "TMNE" and "TMNA" respectively and are collectively referred to
as "Membertek").

            WHEREAS, International and TMNE are parties to a Master License
Agreement dated December 14, 1992 as amended (the "TMNE License");

            WHEREAS, International and TMNA are parties to a Master License
Agreement dated March 21, 1994 (the "TMNA License"). The TMNE and TMNA Licenses
are collectively called the "Licenses";

            WHEREAS, Membertek issued to TMN a convertible promissory note dated
April 3, 1997 in the principal amount of $500,000 (the "Convertible Note");

            WHEREAS, Network and Membertek are parties to an Agreement dated
December 6, 1996, as amended April 1, 1997, covering the restructuring of
business activities of TMNE and TMNA and providing for certain payments to
Network (the "Restructuring Agreement");

            WHEREAS, Network and TMNE are parties to an Agreement dated December
20, 1996 governing the payment of certain license fees due to Network under the
TMNE License ("Deferred Royalty Agreement");

            WHEREAS, TMNE, with the permission of International, entered into a
sub-license agreement dated June 30, 1995, as amended January 13, 1997, under
the TMNE License ("La Carte Sublicense") pursuant to which Transmedia La Carte
Restaurant, S.A. ("La Carte") was authorized to operate in certain territories
under the TMNE License;

            WHEREAS, the parties hereto wish to terminate all existing
agreements between them and all obligations and rights under said agreements;
and

            NOW, THEREFORE, in consideration of the mutual covenants and
conditions set forth in this Agreement and for other good and valuable
consideration, the receipt and adequacy of which the parties acknowledge, the
parties agree as follows:

            1. Definitions. Except as otherwise specifically defined herein,
capitalized terms used herein shall have the same meanings ascribed to them in
the Licenses.

            2. Termination. The parties hereby terminate the agreements listed
below (the "Transmedia Agreements"), which, except as specifically set forth in
Section 6 below with respect to the Transition Period only, shall have no
further force and effect.
<PAGE>

            (a) The TMNE License between International and TMNE

            (b) The TMNA License between International and TMNA

            (c) The Restructuring Agreement between Network and Membertek

            (d) The Deferred Royalty Agreement between Network and TMNE Except
as set forth in Section 6, and except for the provisions of the Transmedia
Agreements pertaining to derogation of the Marks, representations, warranties
and covenants, indemnification, confidentiality, and rights and duties upon
termination -- all of which the parties expressly confirm shall survive
termination of the Transmedia Agreements, as of the date hereof, no party shall
have any further rights or obligations under any such agreement, including,
without limitation, any amounts owing under the Transmedia Agreements.

            3. Conditions to Termination. As a condition to terminating the
Transmedia Agreements, Network requires that, prior to the execution of this
Agreement:

            (a) TMNE shall have delivered to Network evidence of the dissolution
of La Carte, which resulted in the termination of the La Carte Sublicense.

            (b) TMNE and TMNA each shall have provided a complete and accurate
list of all pending or threatened claims against it relating to its operation of
the Business.

            4. Consideration. As consideration for terminating the Transmedia
Agreements, Network hereby agrees that:

            (a) Any amounts owed by TMNE or TMNA to Network under the
Restructuring Agreement, the Deferred Royalty Agreement, or the Licenses are
hereby canceled and forgiven.

            (b) All obligations of Membertek with respect to the (i) the payment
of principal or interest under the Convertible Note, and (ii) the conversion of
the Convertible Note into shares of TMNE and TMNA stock, are hereby released,
canceled and of no further force and effect. TMN will return the original
Convertible Note to Membertek promptly after the execution of this Agreement.

            (c) The parties acknowledge that Network will retain the TMNE and
TMNA stock that it owns to dispose of or hold as it sees fit, without
restriction or obligation to TMNE or TMNA (referred to below as "Network's
TMNE/A Stock").

            5. Release.

            (a) Except for the obligations of TMN and International under this
Agreement, TMNE and TMNA each hereby for itself and on behalf of its
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, partners, members and
agents, releases and forever discharges TMN and International, their
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, franchisees, partners,
members and agents, from any and all

<PAGE>

claims, rights or causes of action of any kind or nature, that it ever had, now
has or ever may have, including those related to or arising out its operation of
the Business.

            (b) Except for the obligations of TMNE and TMNA under this
Agreement, TMN and International each hereby for itself and on behalf of its
predecessors, parents, subsidiaries and Affiliates, and each of their respective
directors, officers, shareholders, employees, licensees, partners, members and
agents, releases and forever discharges TMNE and TMNA, their predecessors,
parents, subsidiaries and Affiliates, and each of their respective directors,
officers, shareholders, employees, licensees, franchisees, partners, members and
agents, from any and all claims, rights or causes of action of any kind or
nature, that it ever had, now has or ever may have, including those related to
or arising out its operation of the Business.

            6. Transition Period. In order to provide for an orderly termination
of the TMNE and TMNA Licenses, the following events will take place as specified
below with the time periods noted following the execution of this Agreement:

            (a) As of the date of this Agreement, TMNE and TMNA shall
immediately cease (or have already ceased) the following activities under their
respective Licenses:

                  i. Permitting TMNE and TMNA TRANSMEDIA cardholders to use
their TRANSMEDIA Cards in Network's territory,

                  ii. Permitting Network TRANSMEDIA cardholders to use their
cards in TMNE and TMNA's territories,

                  iii. Sublicensing the TRANSMEDIA business anywhere in Europe
or Asia, and

                  iv. Soliciting and/or signing up new restaurants in Europe and
Asia.

            (b) No later than April 30, 2000, TMNE and TNMA shall cease the
following activities under their respective licenses:

                  i. Issuing new TRANSMEDIA Cards to any new or renewal members,
and ii. Advancing funds to any new and/or renewal Member Restaurants.

            (c) TMNE and TMNA shall as promptly as practicable, but in no event
later than May 31, 2000, notify all of their, as well as their licensees',
cardholders, Member Restaurants, suppliers, joint venture partners and joint
promotion partners, as well as the public at large, that their affiliation with
Network and their operation of the TRANSMEDIA Card Business has terminated.

            i. Any such notice given by TMNE or TMNA to its cardholders shall
state clearly that such cardholders will no longer be able to use their
TRANSMEDIA Cards in the relevant Territory(ies) after June 30, 2000;

            ii. Any such notice given by TMNE or TMNA to its Member Restaurants
shall state clearly that such restaurants will no longer be permitted to honor
the TRANSMEDIA Card at their establishments after June 30, 2000.

<PAGE>

            (d) TMNE and TMNA shall each promptly initiate the transfer of the
existing rights-to-receive meal credits of its Member Restaurants to Membertek,
and complete this transfer as soon as practicable after June 30, 2000 to allow
for substantially all cardholder transactions through June 30, 2000 to be
processed promptly and completely.

            (e) TMNE and TMNA shall each contact its TRANSMEDIA cardholders and
either convert their memberships in the TRANSMEDIA program to memberships in the
Membertek program, or terminate those memberships by June 30, 2000. TMNE and
TMNA will endeavor to distribute replacement cards and directories to former
TMNA and TMNE TRANSMEDIA cardholders, under a name not confusingly similar to
TRANSMEDIA, no later than June 30, 2000.

            (f) TMNE and TMNA shall each promptly (and in no event later than
May 31, 2000) advise the companies responsible for processing its TRANSMEDIA
card charges that their affiliation with Network and their operation of the
TRANSMEDIA Card Business is terminating, and instruct such companies that they
should not process any charges made after June 30, 2000 to any TRANSMEDIA card.

            (g) TMNE and TMNA shall each be solely responsible for terminating
or converting any and all of its agreements with its Member Restaurants,
cardholders and sublicensees by the License Termination Date, including, but not
limited to, resolving issues related to unusable rights-to-receive meal credits
and refunding subscription fees to cardholders. TMNE and TMNA shall each be
solely liable for any costs, losses and expenses arising from or relating to its
termination or conversion of such agreements.

            (h) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than June 30, 2000, cease using the TRANSMEDIA mark in the Territory
in connection with the Business or for any other purpose, and shall refrain from
any further use of the TRANSMEDIA mark or any similar mark either within or
outside of the Territory.

            (i) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than June 30, 2000, cease using "Transmedia" as part of their
corporate names. Notwithstanding the foregoing, should delay in receiving
Securities and Exchange Commission ("SEC") approval prevent TMNE or TMNA from
complying with this provision, TMNE and TMNA may continue to use "Transmedia" as
part of their corporate names solely to the extent that such use is required in
connection with the SEC approval process, and for no other reason; in such
event, TMNE and TMNA will use all reasonable efforts to expedite their ability
to cease use of "Transmedia" in their corporate name.

            (j) TMNE and TMNA shall each, as promptly as practicable, but in no
event later than May 31, 2000, (i) return to Network any and all copies, in
whole or in part, of the Operations Manual and any similar operations manual
that TMNE or TMNA may have developed for its own business, (ii) return to
Network any and all copies, in whole or in part, of the Licensed Software and
any revised or modified versions of the Licensed Software created by TMNE or
TMNA under the Licenses, and (iii) submit a written statement to Network
attesting to the fact that it has deleted and fully erased any and all
electronic versions of the Operations Manual, any TMNE or TMNA operations
manual, the Licensed Software and any revised or modified versions of the
Licensed Software from its systems.

<PAGE>

            7. Representations and Warranties of TMNE and TMNA. TMNE and TMNA
each represents and warrants as follows:

            (a) Each is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, with full corporate power
and authority to own its property and to carry on its business all as and in the
places where such properties are now owned or operated or such business is now
being conducted.

            (b) Each has the full corporate power and authority to make,
execute, deliver and perform this Agreement and the transactions contemplated
hereby. The execution and delivery of this Agreement by each and the
consummation of the transactions contemplated hereby have been duly authorized
by all required corporate action on behalf of each. This Agreement has been duly
and validly executed and delivered by each and constitutes a legal, valid and
binding obligation of each.

            (c) The execution, delivery and performance by each of its
obligations hereunder and the consummation of the transactions contemplated
hereby, will not (i) violate, conflict with or result in the breach of any
provision of the Certificate of Incorporation or By-Laws of each, or (ii) result
in the violation by each of any laws or orders of any governmental or regulatory
authority applicable to each.

            (d) No consent, approval or action of, filing with or notice to any
governmental or regulatory authority or other public or private third party is
necessary or required under any of the terms, conditions or provisions of any
law or order of any governmental or regulatory authority or any instrument to
which each is a party or by which each is bound for the execution and delivery
of this Agreement by each, the performance by each of its obligations hereunder
or the consummation of the transactions contemplated hereby.

            (e) There is no action, suit, proceeding at law or in equity by any
person, or any arbitration or any administrative or other proceeding by or
before (or to the best knowledge, information and belief of each, any
investigation by), any governmental or regulatory authority, pending or, to the
best knowledge, information and belief of each threatened, against each with
respect to this Agreement or the transactions contemplated hereby.

            (f) Except for cardholder and restaurant agreements, TMNA has not
entered into any licensees, sublicenses, franchises, subfranchises, use
agreements, permission agreements, letters of intent, memoranda of
understanding, or other agreements or arrangements that did or do permit or
contemplate any third party to use the TRANSMEDIA mark, operate as part of the
TRANSMEDIA program, otherwise hold themselves out as associated in any way with
TMNA or Network, or that otherwise would expose Network to liability
(collectively, "Third Party Agreements").

            (g) Except for cardholder and restaurant agreements and its
agreement with La Carte, TMNE has not entered into any Third Party Agreements.

            (h) Except for cardholder and restaurant agreements, La Carte has
not entered into any Third Party Agreements.

<PAGE>

            (i) La Carte has been dissolved and the rights of La Carte under the
La Carte Sublicense Agreement have been terminated.

            (j) TMNE, TMNA and La Carte have not entered into any cardholder and
restaurant agreements with anyone or any entity who or that to the best of their
knowledge will object to the termination of their or its right to (i) use or
accept a TRANSMEDIA Card, (ii) be featured in a TRANSMEDIA directory, or (iii)
otherwise be associated with the TRANSMEDIA program or Network.

            (k) To the extent TMNE, TMNA or La Carte have entered into any
promotional or other marketing arrangements with co-sponsors or other third
parties, such agreements have been terminated or will be terminated prior to the
License Termination Date.

            (l) TMNE, TMNA and La Carte are not using any software owned or
provided by Network or in which Network owns any interest, including any
copyright rights.

            (m) TMNE, TMNA and La Carte have not either directly or indirectly
applied to register or registered the TRANSMEDIA mark or any similar mark in any
country or location whether or not located within the Territory under the TMNE
License or the TMNA License.

            (n) Neither TMNE nor TMNA is aware of any litigation, threatened or
pending, that (i) addresses or otherwise affects rights in the TRANSMEDIA mark
or name or other intellectual property rights owned by Network, or (ii) asserts
any claim against TMNE, TMNA or Network.

            (o) Neither TMNE nor TMNA has pledged, mortgaged or otherwise
transferred or assigned any right, title, or interest in, to or under their
respective agreements with Network, nor has TMNE pledged, mortgaged or otherwise
transferred or assigned any right, title, or interest in, to or under its
agreement with La Carte.

            (p) Neither TMNE nor TMNA will take any action at any time to treat
Network's TMNE/A Stock any less favorably, or cause that stock to be treated any
less favorably, than any shares in TMNA or TMNE held by unrelated third parties.

            8. Representations and Warranties of TMN and International. TMN and
International each represents and warrants as follows:

            (a) Each is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware, with full corporate power
and authority to own its property and to carry on its business all as and in the
places where such properties are now owned or operated or such business is now
being conducted.

            (b) Each has the full corporate power and authority to make,
execute, deliver and perform this Agreement and the transactions contemplated
hereby. The execution and delivery of this Agreement by each and the
consummation of the transactions contemplated hereby have been duly authorized
by all required corporate action on behalf of each. This Agreement has been duly
and validly executed and delivered by each and constitutes a legal, valid and
binding obligation of each.

<PAGE>

            (c) The execution, delivery and performance by each of its
obligations hereunder and the consummation of the transactions contemplated
hereby, will not (i) violate, conflict with or result in the breach of any
provision of the Certificate of Incorporation or By-Laws of each, or (ii) result
in the violation by each of any laws or orders of any governmental or regulatory
authority applicable to each.

            (d) No consent, approval or action of, filing with or notice to any
governmental or regulatory authority or other public or private third party is
necessary or required under any of the terms, conditions or provisions of any
law or order of any governmental or regulatory authority or any instrument to
which each is a party or by which each is bound for the execution and delivery
of this Agreement by each, the performance by each of its obligations hereunder
or the consummation of the transactions contemplated hereby.

            (e) There is no action, suit, proceeding at law or in equity by any
person, or any arbitration or any administrative or other proceeding by or
before (or to the best knowledge, information and belief of each, any
investigation by), any governmental or regulatory authority, pending or, to the
best knowledge, information and belief of each threatened, against each with
respect to this Agreement or the transactions contemplated hereby.

            9. Indemnification. TMNE and TMNA each jointly and severally
indemnify and hold TMN and International, their predecessors, parents,
subsidiaries and Affiliates, and each of their respective directors, officers,
shareholders, employees, licensees, franchisees, partners, members and agents,
harmless against any and all claims, actions, demands, liabilities, losses,
damages, judgments, settlements, costs, and expenses (including reasonable
attorneys' fees) arising from or related to (i) its operation of the Business or
La Carte's operation of the Business, (ii) its actions or omissions during the
Transition Period and any period after the Transition Period during which it has
not yet ceased using "Transmedia" as part of its corporate name, (iii) any
breach or alleged breach by it of any provision of this Agreement or its License
or any sublicense, including, but not limited to, the representations,
warranties and covenants made herein, or (iv) any claim by any of its or La
Carte's cardholders, Member Restaurants, licensees, suppliers, joint venture
partners, joint promotion partners or other third parties.

            10. Competition. The parties agree that from and after the date of
this Agreement, no party hereto shall have any restrictions on its right to
fully compete with the business of any other party; provided, however, that TMNE
and TMNA each shall continue to be bound by the confidentiality obligations set
forth in Section 11 of the Licenses.

            11. Notices. Unless otherwise provided herein, any notice, request,
instruction or other document to be given hereunder by any party to any other
party shall be in writing and shall be deemed to have been given (i) upon
personal delivery, if delivered by hand, (ii) three (3) days after the date of
deposit in the mails, postage prepaid, if mailed by certified or registered
mail, or (iii) the next business day if sent by facsimile transmission (if
receipt is electronically confirmed) or by a prepaid overnight courier service,
and in each case at the respective addresses or numbers set forth below or such
other address or number as such party may have fixed by notice:

<PAGE>

            If to Network: President

            Transmedia Network Inc.
            TMNI International, Inc.
            11900 Biscayne Boulevard
            Miami, FL 33181
            Fax: (305) 892-3317

            with a copy to: Morgan, Lewis & Bockius LLP

            1800 M Street, N.W.
            Washington, D.C. 20036
            Attention: James R. Sims III, Esq.
            Fax: (202) 467-7176

            If to Membertek: President

            Transmedia Europe Inc.
            Transmedia Asia Pacific Inc.
            11 St. James's Square
            London SW1Y 4LB
            England
            Fax: 011 44 171 839-5727

            with a copy to: Davis & Gilbert

            1740 Broadway
            New York, New York 10019
            Attention: Walter M. Epstein, Esq.
            Fax: (212) 468-4888

            12. Parties in Interest. This Agreement may not be transferred,
assigned, pledged or hypothecated by any party hereto, other than by operation
of law. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and their respective heirs, executors, administrators,
successors and permitted assigns.

            13. Severability. In the event any provision of this Agreement is
found to be void and unenforceable by a court of competent jurisdiction, the
remaining provisions of this Agreement shall nevertheless be binding upon the
parties with the same effect as though the void or unenforceable part had been
severed and deleted.

            14. Waiver. The failure of Network to enforce any provision of this
Agreement will in no way be construed to be a waiver of such provision, nor in
any way affect the right of Network to enforce each and every provision of this
Agreement thereafter. The express waiver by Network of any provision, condition
or requirement of this Agreement will not constitute a waiver of any future
obligation to comply with such provision, condition or requirement.

<PAGE>

            15. Counterparts. This Agreement may be executed in two or more
counterparts, all of which taken together shall constitute one instrument. A
facsimile transmission of the signed Agreement shall be legal and binding on all
parties.

            16. Entire Agreement. This Agreement, including the other documents
referred to herein which form a part hereof, contains the entire understanding
of the parties with respect to the subject matter contained herein and therein.
This Agreement supersedes all prior agreements and understandings between the
parties with respect to such subject matter.

            17. Amendments. This Agreement may not be amended, supplemented or
modified orally, but only by an agreement in writing signed by the parties.

            18. Applicable Law. This Agreement shall be construed, interpreted
and enforced in accordance with, and governed by, the laws of the State of New
York for contracts executed and performed in that state, without reference to
choice of law principles thereof.

<PAGE>

            IN WITNESS WHEREOF, the parties hereto, intending to be legally
bound hereby, have duly executed, sealed and delivered this Agreement the day
and year first above written.

TRANSMEDIA NETWORK INC.

ATTEST:
By:________________________________
Title:
April 7, 2000

TMNI INTERNATIONAL INCORPORATED
ATTEST:

By:________________________________
Title:
April 7, 2000

TRANSMEDIA EUROPE, INC.
ATTEST:

By: Paul L. Harrison
   --------------------------------
Title: Director
April 7, 2000

TRANSMEDIA ASIA PACIFIC, INC.
ATTEST:

By: /s/ James J. Fyfe
   --------------------------------
Title: Director
April 7, 2000

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