Document:

EXHIBIT 10.26

Execution Copy

SECOND AMENDED AND RESTATED

TRADEMARK LICENSE AGREEMENT

 

This Second Amended and Restated Trademark License
Agreement (“Agreement”) is entered into as of the 31st day of December,
2001 (the “Effective Date”), by and between La Quinta Worldwide, LLC, a
Nevada limited liability company (successor in interest to La Quinta
Properties, Inc., a Delaware corporation (“LQ Properties”) with respect
to the Trademarks and the goodwill relating thereto (as defined below)) (“Licensor”)
and LQC Leasing, LLC, a Delaware limited liability company (“Licensee”)

 

STATEMENT

 

Licensor is the owner of many trademarks and service
marks, and all related goodwill (as set forth on Schedule A annexed
hereto), for use in connection with hotel and motel services and related
restaurant services, including such rights which are registered and/or the
subject of pending applications and filings throughout the world (hereinafter
collectively the “Trademarks”).

 

On or about July 17, 1998, LQ Properties (f/k/a Meditrust
Corporation) entered into a Trademark License Agreement pursuant to which LQ
Properties granted to La Quinta Leasing Company (f/k/a The La Quinta Company)
(“Leasing Company”), the right, license and privilege to use the
Trademarks in connection with its operation of hotels and to offer certain
services under the Trademarks (the “Original License”).  The Original License Agreement was further
amended and restated by the parties in order to set forth certain other rights
and obligations relating to Leasing Company’s rights under the Original License
(the “Amended License”).

 

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Pursuant to that certain Assignment and Assumption
Agreement, made as of December 17, 2001, by and between Leasing Company and Licensee,
Leasing Company agreed to assign to Licensee, and Licensee agreed to assume,
all of Leasing Company’s right and interest in, to and under the Amended
License.

 

Licensor, as the current owner of the Trademarks, and
Licensee, as the current licensee of the Trademarks, now desire to amend and
restate the Original License and the Amended License to set forth certain other
rights and obligations between the parties.

 

NOW, THEREFORE, in consideration of the mutual
promises and covenants contained herein and for good and valuable
consideration, it is agreed as follows:

 

Article I -  Definitions

 

1.1                                 “Advertising Materials” shall mean
all advertising and business materials used by Licensee which bear, feature or
include any reference to the Trademarks and are used in connection with the
Licensed Services.

 

1.2                                 “Business Materials” shall mean
and include all stationery, letterheads, envelopes, business cards, invoices,
advertising and promotional materials, and all other business and commercial
materials used by Licensee which bear the Trademarks.

 

1.3                                 “GAAP” shall mean generally
accepted accounting principals, consistently applied through the relevant
period.

 

1.4                                 “Gross Revenues” shall mean all
revenues, receipts, and income of any kind derived directly or indirectly by
Licensee from or in connection with each of the hotel facilities whether on a
cash basis or credit, paid or collected, determined in accordance with GAAP

 

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and the Uniform System, but excluding, however:
(i)  funds furnished by Licensor, (ii)
federal, state and municipal excise, sales, and use taxes collected directly
from patrons and guests or as part of the sale price of any goods, services or
displays, such as gross receipts, admissions, cabaret or similar or equivalent
taxes and paid over to federal, state or municipal governments, (iii)
gratuities, (iv) proceeds of insurance and condemnation (v) proceeds from sales
other than sales in the ordinary course of business, (vi) all loan proceeds from
financing or refinancings of any hotel facility or interests therein or
components thereof, (vii) judgments and awards, except any portion thereof
arising from normal business operations of any hotel facility, and (viii) items
constituting “allowances” under the Uniform System.

 

1.5                                 “Licensed Services” shall mean the
operation and management of hotels, motels and restaurants in the facilities
which Licensee leases pursuant to certain lease agreements (the “Lease
Agreements”) as described on Schedule B attached hereto, as modified
from time to time, which are identified by the Trademarks and the advertising,
promotion and offering of the hotel, motel and restaurant services in the
leased facilities identified by the Trademarks.

 

1.6                                 “Licensed Services Locations”
shall mean those facilities where the Licensed Services are offered.

 

1.7                                 “Specified Quality Standards”
shall mean those standards of design, appearance and quality for the Licensed
Services, Licensed Services Locations, Business Materials and Advertising
Materials which are consistent with the prestige and integrity of the

 

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Trademarks and are of a level and type satisfactory to
Licensor.

 

1.8                                 “Territory” shall mean in every
location in which Licensee leases and operates hotel facilities pursuant to the
(“Lease Agreements”) that were assigned, effective as of December 17,
2001, to Licensee pursuant to those Lease Assignment and Assumption Agreements.

 

1.9                                 “Trademarks” shall mean all of the
trademarks, logos, names, brands and service marks identified in Schedule A
(including those which are the subject of registration, application and use
under the common law), which is annexed hereto and made a part hereof, and all
combinations and derivatives thereof that Licensor may own in the future, and
other related trademarks, if any, which may be developed by Licensor.  Schedule A shall be periodically
updated to incorporate such newly developed trademarks, no less frequently than
once annually.  All use of such marks
shall inure to the benefit of the Licensor.

 

1.10                           “Uniform System” shall have the
meaning set forth in the Lease Agreements.

 

Article
II -  Grant of License

 

2.1                                 Licensor hereby grants to Licensee a
non-exclusive right, non-assignable, non-sublicensable license and privilege to
use the Trademarks solely in connection with the Licensed Services in the
Territory.  Licensee agrees that unless
authorized or required by Licensor, it will not make, or authorize to be made,
any use, directly or indirectly, of the Trademarks in connection with any other
services not expressly discussed herein.

 

2.2                                 Licensor hereby grants to Licensee the
right, license and privilege to use one or more of

 

4

 

the Trademarks as part of a composite trade name or
corporate name, pursuant to its obligations under this Agreement, and in
accordance with all of the terms and conditions of this Agreement.  Licensee may use the Trademarks on invoices,
order forms, stationery, business cards and telephone and directory listings,
provided that all such use of the Trademarks shall be made in conformity with
guidelines established by Licensor.

 

2.3                                 All rights with respect to the use of the
Trademarks which have not been granted hereunder are expressly reserved by
Licensor for its own use and benefit, including without limitation, (i) the
right to grant license rights to any third party, including but not limited to
a subsidiary or affiliated company, to use the Trademarks in connection with the
ownership and operation of hotels, motels and restaurants; (ii) the right to
grant license rights to any third party, including but not limited to a
subsidiary or affiliated company, to use the Trademarks in connection with the
ownership and operation of a web site relating to the offering of hotel, motel
and restaurant services; (iii) the right to grant license rights to any third
party to use the Trademarks to offer hotel, motel and restaurant services on a
third party web site; and (iv) the right to use or the right grant license
rights to any third party to use the any of the Trademarks as part of a domain
name.

 

Article
III -  Effective Date and Duration

 

3.1                                 This Agreement and the license herein
shall commence as of the Effective Date, and shall terminate on July 17, 2003
(the “Initial Term”) unless sooner terminated as herein provided.

 

3.2                                 Upon the expiration of the Initial Term,
this Agreement shall renew automatically, for

 

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additional five (5) year terms (“Renewal Period”),
commencing on July 18, 2003, provided that Licensee is not in breach of any
provision herein (the “Renewal Term”). 
However, either party may, in its discretion notify the other party in
writing, not less than sixty (60) days prior to the expiration of the Initial
Term or the Renewal Period, that this Agreement shall be terminated at the end
of the Initial Term or Renewal Period, respectively.

 

Article
IV -  Quality Control and Prestige of
the Trademarks

 

4.1                                 Licensee agrees that the Licensed
Services, Licensed Services Locations covered by this Agreement and the
Advertising Materials and Business Materials used therewith shall be of such
style, appearance, distinctiveness and quality as to protect and enhance the
prestige of Licensor, its Trademarks and the goodwill pertaining thereto; that
the Licensed Services will be advertised, marketed, promoted and offered in
accordance with all applicable laws and regulations; and that the policy of
sale and exploitation by Licensee shall be of a high standard.  The quality of the Licensed Services and
Licensed Services Locations, as well as the quality of all Business Materials
and Advertising Materials developed by Licensee shall meet and satisfy the
Specified Quality Standards.

 

4.2                                 Licensee agrees that the Trademarks are
well recognized by the trade and public and are of great importance and value
to Licensor.  Accordingly, Licensee
agrees that its use of the Trademarks shall be in a commercially acceptable and
responsible manner and style to protect and enhance the prestige of the
Trademarks and Licensor, and only in connection with the Licensed Services, the
Licensed Services Locations and the Advertising

 

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Materials and Business Materials associated therewith.

 

4.3                                 The Licensed Services Locations shall
retain appearances which conform in all respects to the signage, design,
layout, appearance, style, taste, decoration and location approved and
established by Licensor in accordance with the Specified Quality Standards.

 

4.4                                 In furtherance of the purpose and intent
expressed above, Licensee shall, upon Licensor’s reasonable request, supply to
Licensor or a designated subsidiary of Licensor (“Reviewing Party”),
samples of any Business Materials and Advertising Materials that include the
Trademarks to ensure that such Business Materials and Advertising Materials are
in compliance with the Specified Quality Standards.  These submissions shall be with respect to any Business Materials
and Advertising Materials which are not otherwise prepared or previously
approved by Licensor or the Reviewing Party and which vary from Licensor’s
standard advertising and promotional materials.  Licensee shall, upon the Reviewing Party’s reasonable request,
permit reasonable inspection of the Licensed Services Locations during business
hours by the Reviewing Party to inspect the Licensed Services Locations to
ensure that the operations and methods of offering the Licensed Services, and
the like, that include the use of the Trademarks, are in compliance with the
Specified Quality Standards.

 

4.5                                 Licensor shall have the right to impose
upon Licensee, as necessary, other additional specifications or requirements
not provided for under this Agreement to maintain control over the Licensed
Services to ensure that the requisite quality standard is being maintained in
connection with the offering of the Licensed Services for which the

 

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Trademarks are used.

 

4.6                                 In the event Licensor determines that any
Licensed Services, Licensed Services Locations or the Advertising Materials or
Business Materials created by Licensee do not comply with the Specified Quality
Standards, it shall advise Licensee of all matters requiring change or
improvement and Licensee shall comply in all respects with Licensor’s
directions.   Licensee shall be
responsible for the costs of developing and making representative samples of
those Business Materials and Advertising Materials which are submitted to
Licensor or the Reviewing Party pursuant to paragraph 4.4 herein.

 

4.7                                 The Reviewing Party shall provide a
report to Licensee, and a copy to Licensor of the same, within a reasonable
period of time after the Reviewing Party’s inspection of a Licensed Services
Location or examination of Licensee’s Advertising Materials and/or Business
Materials which shall set forth whether the Licensed Services Location,
Advertising Materials and/or Business Materials were in compliance with the
Specified Quality Standards.

 

Article
V -  Property of Licensor

 

5.1                                 Licensee recognizes the great value of
the goodwill associated with the Trademarks and the identification of the
Licensed Services with the Trademarks, and acknowledges that the Trademarks and
all rights therein and goodwill pertaining thereto, are the exclusive property
of and solely owned by Licensor. 
Licensee will at all times hold out and represent Licensor to be the
owner of the Trademarks and that Licensee is a Licensee of Licensor.

 

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5.2                                 All use by Licensee of the Trademarks
shall be deemed to inure to the benefit of Licensor.  To the extent any rights in and to the Trademarks are deemed to
accrue to Licensee, Licensee hereby assigns any and all such rights, at such
time as they may be deemed to accrue, including the related goodwill, to
Licensor.

 

5.3                                 Licensee agrees that it shall cause
appropriate indicia of ownership of the Trademarks (as required or approved by
Licensor or as required by law) to appear on or within all Advertising
Materials and Business Materials.

 

5.4                                 Licensee agrees to use the Trademarks
only in connection with the Licensed Services, Licensed Services Locations,
Business Materials and Advertising Materials and otherwise as specifically
permitted herein and will not use the Trademarks for any other purpose or for
the benefit of any other party.

 

Article
VI -  Trademark Protection

 

6.1                                 Licensee agrees to assist Licensor, to
the extent reasonably required or requested by Licensor, to preserve, maintain
and enforce the Trademarks in the Territory.

 

6.2                                 Licensor and
Licensee each recognize that it is important to protect the Trademarks from
infringement or encroachment in the Territory. 
Therefore, to the extent that Licensee has rights hereunder, Licensor
authorizes Licensee to commence and prosecute any claims or suits for
infringement in Licensee’s own name as exclusive licensee, joining Licensor or
any other necessary related company as a party if advisable or if required by
the law of the particular forum.  If
Licensee elects not to proceed to take action against a particular

 

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infringement under this Agreement, Licensor may choose
to proceed and to join Licensee as a party, at Licensor’s sole cost and
expense.  If such action is commenced by
Licensor, Licensee shall cooperate fully.

 

6.3                                 If Licensee cannot take unilateral action
to enforce the Trademarks, Licensor agrees that it shall either join Licensee
as a complaining party or it shall commence proceedings in Licensor’s own name
or take any other action necessary or advisable to protect the Trademarks from
infringement.  Licensor shall also be
obligated to take such action or to commence proceedings to protect the
Trademarks in the Territory.  The costs
and expenses of any such action or proceedings shall be apportioned in
accordance with the terms and conditions to be agreed upon between Licensor and
Licensee, at that time.

 

6.4                                 If there is any monetary recovery in an
action prosecuted by Licensee on its own, Licensee shall have the right to
retain all such amounts recovered, unless the parties shall agree otherwise.

 

6.5                                 Licensee agrees that it will not, during
the term of this Agreement or thereafter, contest the Licensor’s ownership, title
or rights in and to the Trademarks, or contest the validity of this Agreement
or its binding effect on Licensee.

 

Article
VII -  License Fee. 

 

7.1                                 Licensee shall pay to Licensor a license
fee in the amount of two and one-half percent (2.5%) of Gross Revenues during
the Term (“License Fees”).

 

7.2                                 Licensee shall deliver to Licensor within
thirty (30) days after the end of each calendar

 

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quarter a written report showing its computation of
License Fees due under this Agreement, in such form and including such details
as Licensor may reasonably request. 
Each report shall be certified as to its correctness by Licensee’s
principal financial officer or controller. 
Simultaneously with the delivery of each such report, Licensee shall
tender payment of all License Fees shown to be due thereon.

 

7.3                                 Licensee shall keep full, true and
accurate books of accounts and other records containing all information and
data which may be necessary to ascertain and verify the License Fees payable
under this Agreement.  During the Term
of this Agreement and for a period of one year following its termination,
Licensor shall have the right from time to time to inspect, or have an agent,
accountant or other representative inspect, such books, records and supporting
data for the sole purpose of verifying the License Fees due hereunder.

 

7.4                                 In the event that any payment owned by
Licensee to Licensor hereunder is not paid when due, interest at the rate of
18% per annum (the “Overdue Rate”) from the day following the due date
though the actual date of payment shall be assessed and shall be payable by
Licensee to Licensor; provided, however, in no event shall the
Overdue Rate be greater than the maximum rate permitted under applicable law.

 

Article
VIII -  Termination for Insolvency or
Bankruptcy of Licensee

 

8.1                                 If Licensee files a petition in
bankruptcy, or by equivalent proceeding is adjudicated a bankrupt, or a
petition in bankruptcy is filed against Licensee, or if Licensee becomes
insolvent or makes an assignment for the benefit of creditors or any
arrangement pursuant to any bankruptcy law, or if Licensee discontinues its
business or if a receiver is

 

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appointed for Licensee, this Agreement and the license
hereby granted shall automatically terminate without any notice, to the extent
allowed by applicable law.  In the event
this Agreement and the license granted herein are so terminated, Licensee, its
receivers, representatives, trustees, agents, administrators, successors and/or
assigns, shall have no right to sell, exploit or in any way deal with or in any
of the Licensed Services covered by this Agreement or use any Business
Materials, Advertising Materials or other items bearing the Trademarks except
with and under the special consent and instruction of Licensor, with such
consent and instruction to be in written form.

 

8.2           The non-assumption of this Agreement
by a trustee presiding over a bankruptcy proceeding pursuant to any bankruptcy
law where the Licensee is named as a debtor in said proceedings shall operate
to automatically terminate this Agreement and the license hereby granted,
without any notice whatsoever being necessary, effective as of the date of the
commencement of the bankruptcy proceedings.

 

Article
IX -  Termination for Breach

 

9.1                                 Except as otherwise agreed between the
parties, and as provided herein, if Licensee violates any of its material
obligations hereunder, Licensor shall have the right to terminate this
Agreement and the license herein granted, by giving to Licensee written notice
of such breach and intent to terminate this Agreement.  Unless Licensee cures such breach within 30
days after receipt of such written notice or such other extended time period as
the parties shall mutually agree, this Agreement and the license granted herein
shall automatically terminate on the 30th day (or extended period), unless
otherwise

 

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agreed. 
Termination of this Agreement and the license hereby granted shall be
without prejudice to any rights or remedies which Licensor may otherwise have
against Licensee.

 

Article
X -  Consequences of Expiration or
Termination of This Agreement 

 

10.1                           Upon and after the expiration or
termination of this Agreement and the licenses herein granted as to any or all
of the and Licensed Services for whatever reason, all rights granted to
Licensee hereunder to use the Trademarks for such Licensed Services shall cease
immediately.

 

10.2                           From and after the expiration or
termination of this Agreement and the licenses herein granted as to any or all
of the Licensed Services, Licensee agrees not to make references to the
Trademarks in its Advertising Materials or its Business Materials or make reference
to having been formerly associated with or licensed by Licensor, as to such
services.  Licensee agrees that it shall
return to Licensor all Advertising Materials and Business Materials previously
provided by Licensor and shall destroy all Advertising Materials and Business
Materials bearing the Trademarks, which were created by Licensee for use in
connection with the Licensed Services and Licensed Services Locations pursuant
to this Agreement.

 

10.3                           Upon and after the expiration or
termination of this Agreement and the licenses herein granted as to any or all
of the Licensed Services, all rights as to such Licensed Services and use of
the Trademarks granted to Licensee hereunder shall forthwith revert to Licensor
without the need for any other formal or ratifying act.

 

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10.4                           Upon and after the expiration or
termination of this Agreement and the licenses herein granted as to any or all
of the Licensed Services, Licensee will refrain from further use of the
Trademarks or any further reference to them, direct or indirect, or of anything
deemed by Licensor to be a simulation of the Trademarks or deceptively similar
thereto.

 

10.5                           Licensee recognizes that the unauthorized
dissemination of any materials bearing or incorporating the Trademarks upon
termination or expiration of this Agreement, would cause irreparable damage to
the prestige of Licensor, to the Trademarks and to the goodwill pertaining
thereto.  Accordingly, Licensee
covenants and agrees that it shall comply with all direction and instruction of
Licensor concerning the use of the Trademarks.

 

Article
XI -  Equitable Relief

 

11.1                           Licensee acknowledges and admits that
there would be no adequate remedy at law for its failure to comply with any of
the material terms and conditions hereof, and Licensee agrees that, in the
event of any such failure, Licensor shall be entitled to equitable relief by
way of temporary restraining order, temporary injunction and permanent
injunction and such other and further relief as any court with jurisdiction may
deem proper.

 

Article
XII -  Indemnity

 

12.1                           Licensee hereby indemnifies Licensor and
undertakes to defend and hold Licensor harmless from any claims, suits, loss
and damage (including reasonable attorneys’ fees) arising out of any allegedly
unauthorized use of any patent, process, idea, method, design, copyright or
device by Licensee (other than the Trademarks and other indicia furnished by

 

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Licensor) in connection with the Licensed Services
covered by this Agreement or any other alleged action by Licensee and also from
any claims, suits, loss and damage (including reasonable attorneys’ fees)
arising out of the offering of the Licensed Services.

 

12.2                           Licensor assumes no responsibility to
Licensee or to any third party with respect to the characteristics or quality
of the Licensed Services provided by Licensee. 
Licensee agrees to defend, indemnify, and hold harmless, Licensor, its
subsidiaries, and affiliates and any successors or assigns of Licensor or any
of the Trademarks, and their officers, directors, agents, and employees,
against every claim, suit, loss, liability or damage whatsoever (including but
not limited to the expenses of investigation of and defending against any claim
or suit, any amount paid in settlement thereof, and attorney’s fees), relating
to the characteristics or quality of the Licensed Services provided by or on
behalf of Licensee.  Licensee agrees to
assume the defense of any action or claim which is within the scope of
Licensee’s responsibilities to defend, indemnify, and hold harmless
hereunder.  Licensor reserves the right
to participate in any such action or claim with counsel of its own choosing at
its own expense.

 

12.3                           Licensee agrees that it will obtain and
maintain, at its own expense, and keep in force during the Term and for not
less than one year thereafter, comprehensive general liability insurance,
including products liability coverage, from a recognized insurance company providing
adequate protection naming Licensor as an additional insured against any
claims, suits, losses or damages for which it may be required to indemnify
Licensor hereunder.  Upon written
request, Licensee will supply a copy of the related insurance

 

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policies to Licensor.

 

12.4                           The indemnities set forth herein shall
survive the expiration or termination of this Agreement.

 

Article
XIII -  Miscellaneous

 

13.1                           All notices, requests, consents, demands,
approvals and other communications hereunder shall be deemed to have been duly
given, made or served if in writing and delivered personally or sent by
overnight carrier or by telex or telecopier with receipt confirmed, to the
respective parties to this Agreement as follows:

 

a.             If to Licensor:

 

La Quinta Worldwide, LLC

101 Convention Center Drive

Suite 850

Las Vegas, Nevada 89109

Attn:  Manager

 

b.             If to Licensee:

 

LQC Leasing, LLC

909 Hidden Ridge

Suite 600

Irving, Texas  75038

Attn:  Chief Executive Officer

 

The designation of the person to be so notified or the address of such
person for the purposes of such notice may be changed from time to time by
similar notice.

 

13.2                           The parties
hereto shall not be liable for failure of performance hereunder if occasioned
by war, declared or undeclared, fire, flood, interruption of transportation,
embargo,

 

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accident, explosion, governmental orders, regulations,
restrictions, priorities or rationing, or by strikes, lockouts, or other labor
troubles, interfering with the supplies of raw materials entering into their
production or any other cause beyond the control of the parties.  Any suspension of performance by reason of
this paragraph shall be limited to the period during which such cause of
failure exists, but such suspension shall not affect the running of the term of
this Agreement as heretofore defined.

 

13.3                           Nothing herein contained shall be
construed to place the parties in a relationship of partners or joint venturers
and Licensee shall have no power to obligate or bind Licensor in any manner
whatsoever.

 

13.4                           Any provision or provisions of this
Agreement which in any way contravenes the laws of any state or country in
which this Agreement is effective shall, in such state or country as the case
may be, and to the extent of such contravention of local law, be deemed
separable and shall not affect any other provision or provisions of this
Agreement.

 

13.5                           None of the terms of this Agreement shall
be deemed to be waived or modified, nor shall this Agreement be renewed,
extended, terminated or discharged except by an agreement in writing signed by
or on behalf of both parties.  There are
no representations, promises, warranties, covenants or undertakings other than
those contained in this Agreement, which represent the entire understanding of
the parties.

 

13.6                           This Agreement and Schedule A
and Schedule B hereto contain the full understanding of the parties with
respect to the subject matter hereof and supersede and replace in its

 

17

 

entirety the Original License, the Amended License and
all prior understandings and writings relating thereto

 

13.7                           The failure of a party hereto to enforce,
or the delay by a party hereto to enforce, any of its rights under this
Agreement shall not be deemed a continuing waiver or a modification by such
party of any of the rights hereunder and a party may, within the time provided
by the applicable law, commence appropriate legal or equitable proceedings to
enforce any or all of its rights under this Agreement and any prior failure to
enforce or delay in enforcement shall not constitute a defense.

 

13.8                           This Agreement is made pursuant to and
shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to its provisions as to choice of law.

 

13.9                           Licensor and Licensee shall each
cooperate with one another in entering into and executing any other written
agreements and applications necessary under the laws of any country or
jurisdiction within the Territory to give this Agreement full force and effect.

 

13.10                     This Agreement shall inure to the benefit of and shall
be binding upon the parties, and their respective permitted successors,
transferees and assigns; provided, however, that subject to paragraph 13.11
herein, Licensee may not assign all or any portion of this Agreement without
the express prior written consent of Licensor, which consent may be given or
withheld in Licensor’s absolute discretion.

 

13.11                     This Agreement may not be transferred or assigned by
Licensee to an unrelated third

 

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party other than
in connection with the sale, disposition or merger of Licensee’s company or
business, or encumbered by a third party, except with Licensor’s consent.  The following circumstances shall not be
deemed to be an assignment, and shall not require Licensor’s consent

 

a.                                       the sale or
disposition of all or substantially all of the voting stock or assets of Licensee;
or

 

b.                                      a public
offering or sale to underwriters of capital stock by Licensee or any successor
there­to or any acquisitions by or of Licensee through merger, purchase of
assets or otherwise effected in whole or in part by issuance or reissuance of
Licensee’s shares of capital stock.

 

13.12                     Licensee agrees to comply, at its own expense, with
all laws, ordinances, rules, regulations, and other requirements, relating to
Licensee’s providing of Licensed Services, of all governmental units having
jurisdiction pertaining to this Agreement.

 

13.13                     Each party shall be responsible for any duties, taxes
or penalties imposed by any government on its respective products.

 

13.14                     Except as expressly identified herein, there are and
shall be no third party beneficiaries of this Agreement.

 

[Signature page to
follow.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Second Amended
and Restated Trademark License Agreement to be duly executed as of the date and
year first written above.

 

	
   

  	
  LA QUINTA WORLDWIDE,
  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ STEVEN J. FLOWERS

  	
   

  
	
   

  	
   

  	
  Name: Steven J. Flowers

  
	
   

  	
   

  	
  Title:  Vice President, Secretary and

  
	
   

  	
   

  	
    Assistant
  Treasurer

  

 

	
   

  	
  LQC LEASING, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  LA QUINTA CORPORATION

  
	
   

  	
  Its:

  	
  Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ DAVID L. REA

  	
   

  
	
   

  	
   

  	
  Name: David L. Rea

  
	
   

  	
   

  	
  Title:  Executive Vice President, Chief

  
	
   

  	
   

  	
  Financial Officer and Treasurer

  

 

20

 

SCHEDULE A

 

Trademarks

 

	
  Country

  	
   

  	
  Trademark

  	
   

  	
  Registration
  No./Serial No.

  
	
  Argentina

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1,656,347

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & DESIGN

  	
   

  	
  1,656,565

  
	
  Bahamas

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  17,113

  
	
  Belize

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  7147

  
	
  Bermuda

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  26748

  
	
  Bolivia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  62104-C

  
	
  Brazil

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  817936351

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  817936360

  
	
  Canada

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  TMA364525

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  111398200

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA INN &SUITES & DESIGN

  	
   

  	
  111008400

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RETURNS

  	
   

  	
  111398100

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & DESIGN

  	
   

  	
  111008500

  

 

A-1

 

	
  Chile

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  443.213

  
	
  Colombia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  190254

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  190253

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Costa Rica

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ecuador

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  178-96

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  European Community

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  002393205

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Guatemala

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  8806-94

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  India

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  677305

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Indonesia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  372248

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Jamaica

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  28,596

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Mexico

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  335462

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  328,919

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  484,558

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  485,952

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  461,674

  

 

A-2

 

	
  Netherlands Antilles

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  18493

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Nicaragua

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  30,237 CC

  
	
  Panama

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  74714

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  United Kingdom

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1348734

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  United States

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1,080,641

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  1,078,158

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TEL QUIK (STYLIZED)

  	
   

  	
  1,022,257

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & CABALLERO DESIGN

  	
   

  	
  1,199,980

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA (STYLIZED)

  	
   

  	
  875,802

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CABCLUB

  	
   

  	
  1,411,799

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA MOTOR INNS  & DESIGN

  	
   

  	
  1,393,579

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA MOTOR INNS & BUILDING DESIGN

  	
   

  	
  1,393,578

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CABCLUB & DESIGN

  	
   

  	
  1,411,800

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA BRAIN TRUST

  	
   

  	
  1,429,660

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  KING PLUS

  	
   

  	
  1,623,015

  

 

A-3

 

	
   

  	
   

  	
  KEENTA

  	
   

  	
  1,563,984

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RETURNS

  	
   

  	
  1,572,636

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  1,841,032

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN (WITH COLOR)

  	
   

  	
  1,823,440

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIRST LIGHT

  	
   

  	
  2,076,246

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GOLD MEDAL

  	
   

  	
  2,061,347

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA INN & SUITES & DESIGN

  	
   

  	
  2,298,693

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA INN & SUITES AND DESIGN(COLOR)

  	
   

  	
  2,300,509

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AN OASIS FROM THEWORLD

  	
   

  	
  2,365,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CAFÉ QUINTA

  	
   

  	
  76/029,804

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA ELINK

  	
   

  	
  76/269,141

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WE’RE JUST YOUR STYLE

  	
   

  	
  76/037,806

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Venezuela

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  S.003310

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA INN & WINDOW DESIGN

  	
   

  	
  S.003002

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  State — Hawaii

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA & CABALLERO DESIGN

  	
   

  	
  21389

  

 

A-4

 

	
  State - Texas

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TEL-QUIK

  	
   

  	
  31656

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  46649

  

 

A-5

 

SCHEDULE
B

 

List of Leases

(All leases are effective
as of July 17, 1998)

 

1.                                       Amended and Restated Facility Lease
Agreement between Meditrust Corporation,
as Lessor, and The La Quinta Company,
as Lessee

 

2.                                       Amended and Restated Facility Lease
Agreement between Meditrust Corporation,
as Lessor, and The La Quinta Company,
as Lessee

 

3.                                       Amended and Restated Facility Lease
Agreement between LQ Investments I,
as Lessor, and The La Quinta Company,
as Lessee

 

4.                                       Amended and Restated Facility Lease
Agreement between LQ Investments II,
as Lessor, and The La Quinta Company,
as Lessee

 

5.                                       Amended and Restated Facility Lease
Agreement between LQ-LNL Limited Partnership,
as Lessor, and The La Quinta Company,
as Lessee

 

6.                                       Amended and Restated Facility Lease
Agreement between LQ-East Irvine Joint
Venture, as Lessor, and The La
Quinta Company, as Lessee

 

7.                                       Amended and Restated Facility Lease
Agreement between La Quinta Inns of Lubbock,
Inc., as Lessor, and The La Quinta
Company, as Lessee

 

8.                                       Amended and Restated Facility Lease
Agreement between LQ Motor Inn Venture-Austin
No. 530, as Lessor, and The La
Quinta Company, as Lessee

 

9.                                       Amended and Restated Facility Lease
Agreement between LQ-Big Apple Venture,
as Lessor, and The La Quinta Company,
as Lessee

 

10.                                 Amended and Restated Facility Lease
Agreement between La Quinta Denver-Peoria
Street, Ltd., as Lessor and The La
Quinta Company, as Lessee

 

11.                                 Amended and Restated Facility Lease
Agreement between LQM Operating Partners,
L.P., as Lessor, and The La Quinta
Company, as Lessee

 

12.                                 Amended and Restated Facility Lease
Agreement between La Quinta Development Partners,
L.P., as Lessor and The La Quinta
Leasing Company, as Lessee

 

B-1

 

13.                                 Amended and Restated Facility Lease
Agreement between La Quinta Development
Partners, L.P., as Lessor, and The
La Quinta Company, as Lessee

 

14.                                 Amended and Restated Facility Lease
Agreement between LQ-Baton Rouge Joint
Venture, as Lessor, and The La
Quinta Company, as Lessee

 

15.                                 Amended and Restated Facility Lease
Agreement between La Quinta San Antonio South
Joint Venture, as Lessor, and The
La Quinta Company, as Lessee

 

B-2EXHIBIT 10.27

Execution Copy

 

SUBLICENSE
AGREEMENT

 

This
Sublicense Agreement (the “Agreement”) is made as of December 31, 2001
(the “Effective Date”), in duplicate originals, and is by and between La
Quinta Franchise, LLC, a Nevada limited liability company, having an office and
place of business at 101 Convention Center Drive, Suite 850, Las Vegas,
Nevada  89109 (“Sublicensor”) and
La Quinta Inns, Inc., a Delaware corporation, having an office and place of
business at 909 Hidden Ridge, Suite 600, Irving, Texas 75038 (“Sublicensee”).

 

STATEMENT

 

Pursuant to
that certain Trademark License Agreement dated December 31, 2001
between La Quinta Properties, Inc. (“Licensor”) and Subliscensor (the “Franchise
License Agreement”), Sublicensor was granted the right, license and
privilege to use, and the right to sublicense the right, license and privilege
to use, the Trademarks owned by Licensor on and in connection with the
operation and management of franchised hotels, motels and restaurants and the
advertising, promotion and offering of the franchised hotel, motel and
restaurant services in the Territory, all as defined herein.

 

Sublicensee
now desires to obtain from Sublicensor, and Sublicensor has agreed to grant to
Sublicensee, the right, license and privilege to use, and the right to further
sublicense to Franchisees the right, license and privilege to use, the
Trademarks identified on Schedule A hereto, as well as future related
trademarks and other related intellectual property rights which may be
developed by Licensor and made a part of this Agreement, on and in connection
with the operation and management of franchised hotels, motels and restaurants
and the advertising, promotion and offering of the franchised hotel, motel and
restaurant services in the Territory.

 

1

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained
herein and for good and valuable consideration, it is agreed as follows:

 

Article I -  Definitions

 

1.1                                 “Advertising
Materials” shall mean all advertising and business materials used by
Sublicensee which bear, feature or include any reference to the Trademarks and
are used in connection with the Licensed Services.

 

1.2                                 “Business
Materials” shall mean and include all stationery, letterheads, envelopes,
business cards, invoices, advertising and promotional materials, and all other
business and commercial materials used by Sublicensee which bear the
Trademarks.

 

1.3                                 “Franchisee”
shall mean any third party with which Sublicensee enters into an agreement for
the purpose of granting the right to sublicense, own, operate or manage one or
more La Quinta Lodging Facilities which are identified by the Trademarks.

 

1.4                                 “Gross
Room Revenues” shall mean all revenues, net of discounts, from the rental,
sale, use or occupancy of guest rooms or any meeting rooms at the Facilities,
including cash and credit transactions, and the proceeds from any business
interruption insurance.  Gross Room
Revenues do not include: (1) food and beverage charges and other incidental
services charges; (2) taxes required to be collected from customers and
remitted by law; or (3) revenues from telephone calls or vending machines.

 

1.5                                 “La
Quinta Lodging Facilities” or “Facilities” shall mean those
facilities where the Licensed Services are offered.

 

1.6                                 “Licensed
Services” shall mean the operation and management of franchised hotels,
motels and restaurants identified by the Trademarks and the advertising,
promotion and offering of the franchised hotel, motel and restaurant services
identified by the Trademarks.

 

2

 

1.7                                 “Specified
Quality Standards” shall mean those standards of design, appearance and
quality for the Licensed Services, Facilities, Business Materials and
Advertising Materials which are consistent with the prestige and integrity of
the Trademarks, and are of a level and type satisfactory to Licensor.

 

1.8                                 “Territory”
shall mean the World.

 

1.9                                 “Trademarks”
shall mean all of the trademarks, logos, names, brands and service marks
identified in Schedule A (including those which are the subject of
registration, application and use under the common law), which is annexed
hereto and made a part hereof, and all combinations and derivatives thereof
that Licensor may own in the future, and other related trademarks, if any,
which may be developed by Licensor.  Schedule
A shall be periodically updated to incorporate such newly developed
trademarks, no less frequently than once annually.  All use of such marks shall inure to the benefit of the Licensor.

 

Article II -  Grant of License

 

2.1                                 Sublicensor
hereby grants to Sublicensee the exclusive right, license and privilege to use
the Trademarks for and in connection with the Licensed Services in the
Territory.  Sublicensee agrees that
unless authorized or required by Sublicensor, it will not make, or authorize to
be made, any use, directly or indirectly, of the Trademarks in connection with
any other services not expressly discussed herein.  Sublicensee shall have no right, unless otherwise expressly
consented to by Sublicensor (and/or Licensor as may be applicable), to (i) use
the Trademarks on or in connection with a web site owned or operated by
Sublicensee (ii) grant rights to any third party, including but not limited to
a subsidiary or affiliated company, to use the Trademarks on or in connection
with a third party web site,

 

3

 

without the
prior consent of Sublicensor and Licensor or (iii) use or grant the right to
any third party to use any of the Trademarks as part of a domain name.

 

2.2                                 Sublicensor
hereby grants to Sublicensee the right, license and privilege to use one or
more of the Trademarks as part of a composite trade name or corporate name,
pursuant to its obligations under this Agreement, and in accordance with all of
the terms and conditions of this Agreement. 
Sublicensee may use the Trademarks on invoices, order forms, stationery,
business cards and telephone and directory listings, provided that all such use
of the Trademarks shall be made in conformity with guidelines established by
Sublicensor.

 

2.3                                 Sublicensee
shall have the right under this Agreement to directly or indirectly sublicense
the rights, license and privileges granted hereunder solely to Franchisees.  Any agreement granting a Franchisee the
right to use the Trademarks shall contain reasonable provisions, similar to
those contained in this Agreement, with respect to Specified Quality Standards.

 

2.4                                 Sublicensor
and Sublicensee agree that the terms and conditions of the Franchise License
Agreement are hereby incorporated by reference and that Sublicensee shall be
bound by the terms and conditions thereof.

 

2.5                                 Pursuant
to the terms of the Franchise License Agreement, Licensor assigned and Sublicensee
accepted and agreed to be bound by, that certain license agreement entered into
by Licensor, pursuant to which, Sublicensee had the nonexclusive right and
license to use the Trademarks in connection with the operation of franchised
hotels and hotel related services (including restaurants) in Canada (the “Canadian
License”).  Licensor also assigned
and Sublicensor accepted and agreed to be bound by that certain license
agreement entered into by Licensor, pursuant to which Sublicensee had the
nonexclusive

 

4

 

right and
license to use the Trademarks in connection with the operation of franchised
hotels and hotel related services (including restaurants) in the United States
(the “U.S. License”). 
Sublicensor and Sublicensee hereby mutually acknowledge and agree that,
effective as of the Effective Date of this Agreement, the Canadian License and
U.S. License shall be terminated and Sublicensor and Sublicensee shall be bound
by the terms and conditions of this Agreement hereafter.

 

Article III -  Effective Date and Duration

 

3.1                                 This
Agreement and the license herein shall commence on the Effective Date hereof
and continue for a period of twenty-one (21) years beginning on the Effective
Date and extending up to and including December 30, 2022 (the “Initial Term”),
unless sooner terminated as herein provided or as otherwise agreed between the
parties.

 

3.2                                 Upon
the expiration of the Initial Term, this Agreement shall renew automatically,
in perpetuity, for additional five (5) year terms (“Renewal Period”),
commencing on the anniversary of the Effective Date, provided that Sublicensee
is not in breach of any provision herein. 
However, either party may, in its discretion notify the other party in
writing, not less than one (1) year prior to the expiration of the Initial Term
or the Renewal Period (i.e. December 30 of the respective year) of the exercise
of its discretion to terminate this Agreement (the “Notice Period” and
December 30 of the respective year shall constitute the “Commencement Date
of the Notice Period”).

 

3.3                                 (a)
Immediately following the Commencement Date of the Notice Period, Sublicensor
and Sublicensee shall meet to evaluate whether any agreements, pursuant to
which Sublicensee granted a Franchisee the right to own, operate or manage one
or more La Quinta Lodging Facilities which are identified by the Trademarks and
which are in effect

 

5

 

as of the
Commencement Date of the Notice Period, have a term which will extend beyond
the expiration of the Notice Period (the “Franchise Agreements”).

 

(b)  In the event that there are no Franchise
Agreements which meet the criteria set forth in paragraph 3.3(a) above, this
Agreement shall terminate effectively on the expiration of the Notice Period.

 

(c) 
In the event that there are Franchise Agreements which meet the criteria
set forth in paragraph 3.3(a) above:

 

i.      Sublicensee’s
right to enter into any new franchise agreements and to renew any existing
Franchise Agreements in effect as of the Commencement Date of the Notice
Period, pursuant to paragraph 2.3 herein, shall terminate effectively on and as
of the Commencement Date of the Notice Period;

 

ii.     The
terms and conditions set forth in this Agreement, except as set forth in
paragraph 3.3 (c)(i) shall continue in full force and effect until the terms of
all existing Franchise Agreements have expired; and

 

iii.    This
Agreement and the license granted hereunder shall terminate effectively on and
as of the expiration date of the last valid and subsisting Franchise Agreement.

 

Article IV -  Quality Control and Prestige of the
Trademarks

 

4.1                                 Sublicensee
agrees that the Licensed Services and Facilities covered by this Agreement and
the Advertising Materials and Business Materials used therewith shall be of
such style, appearance, distinctiveness and quality as to protect and enhance
the prestige of the

 

6

 

Trademarks and
the goodwill pertaining thereto; that the Licensed Services and Facilities will
be advertised, marketed, promoted and offered in accordance with all applicable
laws and regulations; and that the policy of sale and exploitation by
Sublicensee shall be of a high standard. The quality of the Licensed Services
and Facilities, as well as the quality of all Business Materials and
Advertising Materials developed by Sublicensee shall meet and satisfy the
Specified Quality Standards.

 

4.2                                 Sublicensee
agrees that the Trademarks are well recognized by the trade and public and are
of great importance and value. 
Accordingly, Sublicensee agrees that its use of the Trademarks shall be
in a commercially acceptable and responsible manner and style to protect and
enhance the prestige of the Trademarks, and only in connection with the
Licensed Services, the Facilities and the Advertising Materials and Business
Materials associated therewith.

 

4.3                                 The
Facilities shall retain appearances which conform in all respects to the
signage, design, layout, appearance, style, taste, decoration and location
approved and established by Sublicensor in accordance with the Specified
Quality Standards designated by Licensor under the Franchise License Agreement.

 

4.4                                 In
furtherance of the purpose and intent expressed above, Sublicensee shall, upon
Sublicensor’s reasonable request, supply to Sublicensor or a designated
subsidiary of Sublicensor (the “Reviewing Party”), samples of any
Business Materials and Advertising Materials that include the Trademarks to
ensure that such Business Materials and Advertising Materials are in compliance
with the Specified Quality Standards. 
These submissions shall be with respect to any Business Materials and
Advertising Materials which are not otherwise prepared or previously approved
by Licensor, Sublicensor or the Reviewing Party and which vary from Licensor’s
or Sublicensor’s standard advertising

 

7

 

and
promotional materials.  Sublicensee
shall, upon the Reviewing Party’s reasonable request, permit reasonable inspection
of the Facilities during business hours by the Reviewing Party to inspect the
Facilities to ensure that the operations and methods of offering the Licensed
Services, and the like, that include the use of the Trademarks, are in
compliance with the Specified Quality Standards.

 

4.5                                 Sublicensor
shall have the right to impose upon Sublicensee, as necessary, other additional
specifications or requirements not provided for under this Agreement to
maintain control over the Licensed Services to ensure that the requisite
quality standard is being maintained in connection with the offering of the
Licensed Services for which the Trademarks are used.

 

4.6                                 In
the event Sublicensor determines that any Licensed Services, Facilities or the
Advertising Materials or Business Materials created by Sublicensee do not
comply with the Specified Quality Standards, Sublicensor or the Reviewing Party
shall advise Sublicensee of all matters requiring change or improvement and
Sublicensee shall comply in all respects with Sublicensor’s or the Reviewing
Party’s directions.   Sublicensee shall
be responsible for the costs of developing and making representative samples of
those Business Materials and Advertising Materials which are submitted to Sublicensor
or the Reviewing Party pursuant to paragraph 4.4 herein.

 

4.7                                 The
Reviewing Party shall provide a report to Sublicensee, and a copy to
Sublicensor of the same, within a reasonable period of time after the Reviewing
Party’s inspection of a Facilities or examination of Sublicensee’s Advertising
Materials and/or Business Materials which shall set forth whether the
Facilities, Advertising Materials and/or Business Materials were in compliance
with the Specified Quality Standards.

 

8

 

Article V -  Property of Licensor

 

5.1                                 Sublicensee
recognizes the great value of the goodwill associated with the Trademarks and
the identification of the Licensed Services with the Trademarks, and
acknowledges that the Trademarks and all rights therein and goodwill pertaining
thereto, are the exclusive property of and solely owned by Licensor, or its
successor in interest.  Sublicensee will
at all times hold out and represent Licensor, or its successor in interest, to
be the owner of the Trademarks.

 

5.2                                 All
use by Sublicensee of the Trademarks shall be deemed to inure to the benefit of
Licensor.  To the extent any rights in
and to the Trademarks are deemed to accrue to Sublicensee, Sublicensee hereby
assigns any and all such rights, at such time as they may be deemed to accrue,
including the related goodwill, to Licensor.

 

5.3                                 Sublicensee
agrees that it shall cause appropriate indicia of ownership of the Trademarks
(as required by Licensor or as required by law) to appear on or within all
Advertising Materials and Business Materials.

 

5.4                                 Sublicensee
agrees to use the Trademarks only in connection with the Licensed Services,
Facilities, Business Materials and Advertising Materials and otherwise as
specifically permitted herein and will not use the Trademarks for any other
purpose or for the benefit of any other party.

 

5.5                                 Sublicensee
agrees that it shall undertake to coordinate with Licensor to register the
Trademarks in those countries mutually agreed upon by Sublicensor and
Sublicensee, where they are not currently subject of application or
registration, as shall be reasonably necessary or appropriate.  The expense of applying and registering the
Trademarks in such countries shall be borne by the Licensor.

 

9

 

Article VI -  Trademark Protection

 

6.1                                 Sublicensee
agrees to assist Sublicensor, and as may be appropriate or necessary, Licensor,
to the extent reasonably required or requested by Sublicensor, to preserve,
maintain and enforce the Trademarks in the Territory.

 

6.2                                 Sublicensor
and Sublicensee each recognize that it is important to protect the Trademarks
from infringement or encroachment in the Territory.  Therefore, except to the extent expressly prohibited or limited
by applicable law, Sublicensor authorizes Sublicensee to commence and prosecute
any claims or suits for infringement in Sublicensee’s own name as exclusive
sublicensee, joining Sublicensor and as may be appropriate or necessary,
Licensor, or any other necessary related company as a party if advisable or if
required by the law of the particular forum. 
If Sublicensee elects not to proceed to take action against a particular
infringement under this Agreement, Sublicensor or Licensor may choose to
proceed and to join Sublicensee as a party, at Sublicensor’s or Licensor’s sole
cost and expense.  If such action is
commenced by Sublicensor or Licensor, Sublicensee shall cooperate fully.

 

6.3                                 If
Sublicensee cannot take unilateral action to enforce the Trademarks,
Sublicensor or Licensor agrees that it shall either join Sublicensee as a
complaining party or it shall commence proceedings in Sublicensor’s or as may
be necessary or appropriate, Licensor’s own name or take any other action
necessary or advisable to protect the Trademarks from infringement.  Sublicensor and Licensor shall also be
obligated to take such action or to commence proceedings to protect the
Trademarks in the Territory.  The costs
and expenses of any such action or proceedings shall be apportioned in accordance
with the terms and conditions to be agreed upon between Licensor, Sublicensor
and Sublicensee, at that time.

 

10

 

6.4                                 If
there is any monetary recovery in any action prosecuted by Sublicensee on its
own, Sublicensee shall have the right to retain all such amounts recovered,
unless the parties shall agree otherwise.

 

6.5                                 Sublicensee
agrees that it will not, during the term of this Agreement or thereafter,
contest the Licensor’s ownership, title or rights in and to the Trademarks, or
contest the validity of this Agreement or its binding effect on Sublicensee.

 

Article VII -  Royalties

 

7.1                                 Sublicensee
agrees to:

 

a.                                       pay Sublicensor
an amount measured by two and one-half percent (2.5%)  (the “Royalty Rate)” of Gross Room Revenues from the offering
of the Licensed Services identified by the Trademarks in the Territory
(excluding Canada), provided  however, Gross Room Revenues may be
reduced, for purposes of this Agreement, for those Gross Room Revenues for
which Sublicensee does not charge or receive a royalty fee from its
Franchisees  (“Earned Royalties”).  The Royalty Rate may be modified as mutually
agreed upon by the Sublicensor and Sublicensee.

 

b.                                      pay Sublicensor
an amount measured by one-half percent (.5%) (the “Canadian Royalty Rate”)
of Gross Room Revenues from the offering of the Licensed Services identified by
the Trademarks in Canada, provided  however, Gross Room Revenues
may be reduced, for purposes of this Agreement, for those Gross Room Revenues
for which Sublicensee does not charge or receive a royalty fee from its
Franchisees (“Canadian Earned Royalties”).  The Canadian Royalty Rate may be modified as mutually

 

11

 

agreed
upon by the Sublicensor and Sublicensee.

 

7.2                                 Sublicensee’s
obligation to pay the Earned Royalties and the Canadian Earned Royalties shall
accrue immediately and shall be reported and paid quarterly.

 

Article VIII -  Revenue Reports and Record Keeping; Right
to Inspect

 

8.1                                 Sublicensee
shall render to Sublicensor, on or before thirty (30) days following each
calendar quarter, complete and accurate statements, certified by the chief
financial officer, controller or an independent public accountant selected by
Sublicensee as accurate, showing Gross Room Revenues of each Facilities and the
total combined Gross Room Revenues of all Facilities for the preceding
quarter.  For this purpose, Sublicensee
shall use a form of statement acceptable to Sublicensor.  Such statement shall be furnished to
Sublicensor whether or not any Gross Room Revenues were earned in the preceding
quarter.  Along with said statement,
Sublicensee shall remit to Sublicensor the Earned Royalties and Canadian Earned
Royalties due for such quarter, as set forth in Article VII above.

 

8.2                                 Sublicensee
shall keep accurate books of account and records covering all transactions
hereunder, and, upon Sublicensor’s request, shall provide to Sublicensor, a
report once annually, setting forth the information in Sublicensor’s quarterly
reports in a detailed and accurate manner, which shall meet Sublicensor’s
reasonable satisfaction.  Upon
Sublicensor’s request, Sublicensee shall provide said books of account and
records and all other accounts, documents, materials and inventory in the
possession or under the control of Sublicensee with respect to the subject
matter of this Agreement to Sublicensor at Sublicensor’s place of business for
examination purposes and for the purpose of

 

12

 

making any
copies and/or extracts.  All such books
of account and records shall be kept available for at least three years after
the expiration or termination of this Agreement.

 

Article IX -  Termination for Insolvency or Bankruptcy
of Sublicensee

 

9.1                                 If
Sublicensee files a petition in bankruptcy, or by equivalent proceeding is
adjudicated a bankrupt, or a petition in bankruptcy is filed against
Sublicensee, or if Sublicensee becomes insolvent or makes an assignment for the
benefit of creditors or any arrangement pursuant to any bankruptcy law, or if
Sublicensee discontinues its business or if a receiver is appointed for
Sublicensee, this Agreement and the license hereby granted shall automatically
terminate without any notice, to the extent allowed by applicable law.  In the event this Agreement and the license
granted herein are so terminated, Sublicensee, its receivers, representatives,
trustees, agents, administrators, successors and/or assigns, shall have no
right to sell, exploit or in any way deal with or in any of the Licensed
Services covered by this Agreement or use any Business Materials, Advertising
Materials or other items bearing the Trademarks except with and under the
special consent and instruction of Sublicensor, with such consent and
instruction to be in written form.

 

9.2                                 The
non-assumption of this Agreement by a trustee presiding over a bankruptcy
proceeding pursuant to any bankruptcy law where the Sublicensee is named as a
debtor in said proceedings shall operate to automatically terminate this
Agreement and the license hereby granted, without any notice whatsoever being
necessary, effective as of the date of the commencement of the bankruptcy
proceedings.

 

Article X -  Termination for Breach

 

10.1                           Except
as otherwise agreed between the parties, and as provided herein, if Sublicensee
violates any of its material obligations hereunder, Sublicensor shall have the
right to

 

13

 

terminate this
Agreement and the license herein granted, by giving to Sublicensee written
notice of such breach and intent to terminate this Agreement.  Unless Sublicensee cures such breach within
thirty (30) days after receipt of such written notice or such other extended
time period as the parties shall mutually agree, this Agreement and the license
granted herein shall automatically terminate on the 30th day (or extended
period), unless otherwise agreed. 
Termination of this Agreement and the license hereby granted shall be
without prejudice to any rights or remedies which Licensor may otherwise have
against Sublicensee.

 

Article XI -  Consequences of Expiration or Termination
of This Agreement

 

11.1                           Upon
and after the expiration or termination of this Agreement and the licenses
herein granted as to any or all of the Licensed Services, for whatever reason,
all rights granted to Sublicensee hereunder to use the Trademarks in any manner
in connection therewith shall cease immediately.

 

11.2                           From
and after the expiration or termination of this Agreement and the licenses
herein granted as to any or all of the Licensed Services, Licensee agrees not
to make references to the Trademarks in its Advertising Materials or its
Business Materials or make reference to having been formerly associated with or
licensed by Licensor, as to such services. 
Licensee agrees that it shall return to Licensor all Advertising
Materials and Business Materials previously provided by Licensor and shall
destroy all Advertising Materials and Business Materials bearing the
Trademarks, which were created by Licensee for use in connection with the
Licensed Services and Facilities pursuant to this Agreement.

 

11.3                           Upon
and after the expiration or termination of this Agreement and the licenses
herein granted as to any or all of the Licensed Services, all rights as to such
Licensed Services

 

14

 

and use of the
Trademarks granted to Sublicensee hereunder shall forthwith revert to
Sublicensor without the need for any other formal or ratifying act.

 

11.4                           Upon
and after the expiration or termination of this Agreement and the licenses
herein granted as to any or all of the Licensed Services, Sublicensee will
refrain from further use of the Trademarks or any further reference to them,
direct or indirect, or of anything deemed by Sublicensor to be a simulation of
the Trademarks or deceptively similar thereto.

 

11.5                           Sublicensee
recognizes that the unauthorized dissemination of any materials bearing or
incorporating the Trademarks upon termination or expiration of this Agreement,
would cause irreparable damage to the prestige of the Trademarks and to the
good will pertaining thereto. 
Accordingly, Sublicensee covenants and agrees that it shall comply with
all direction and instruction of Sublicensor concerning the use of the
Trademarks.

 

Article XII -  Equitable Relief

 

12.1                           Sublicensee
acknowledges and admits that there would be no adequate remedy at law for its
failure to comply with any of the material terms and conditions hereof, and
Sublicensee agrees that, in the event of any such failure, Sublicensor shall be
entitled to equitable relief by way of temporary restraining order, temporary
injunction and permanent injunction and such other and further relief as any
Court with jurisdiction may deem proper.

 

Article XIII -  Indemnity

 

13.1                           Sublicensee
hereby indemnifies Sublicensor and undertakes to defend and hold Sublicensor
harmless from any claims, suits, loss and damage (including reasonable

 

15

 

attorneys’
fees) arising out of any allegedly unauthorized use of any Trademark, patent,
process, idea, method, design, copyright or device by Sublicensee in connection
with the Licensed Services covered by this Agreement or any other alleged
action by Sublicensee, and/or its Franchisees, and also from any claims, suits,
loss and damage (including reasonable attorneys’ fees) arising out of the
offering of the Licensed Services.

 

13.2                           Sublicensor
hereby indemnifies Sublicensee and its Franchisees and undertakes to defend and
hold Sublicensee and its Franchisees harmless from any claims, suits, loss and
damages (including reasonable attorneys’ fees) sustained by Sublicensee or its
Franchisees as a result of claims that Sublicensee’s or its Franchisees’ use of
the Trademarks infringe or violate the rights of others.  Sublicensee shall advise Sublicensor of any
such claims made against Sublicensee or its Franchisees and Sublicensor or
Licensor, as may be appropriate, shall be entitled to defend any such
allegations through counsel of its own choosing.

 

13.3                           Sublicensor
assumes no responsibility to Sublicensee or to any third party with respect to
the characteristics or quality of the Licensed Services provided by
Sublicensee.  Sublicensee agrees to
defend, indemnify, and hold harmless, Sublicensor, its subsidiaries, and
affiliates and any successors or assigns of Sublicensor or any of the
Trademarks, and their officers, directors, agents, and employees, against every
claim, suit, loss, liability or damage whatsoever (including but not limited to
the expenses of investigation of and defending against any claim or suit, any
amount paid in settlement thereof, and attorney’s fees), relating to the
characteristics or quality of the Licensed Services provided by or on behalf of
Sublicensee, whether directly or through a franchisee or other person.  Sublicensee agrees to assume the defense of
any action or claim which is within the scope of Sublicensee’s responsibilities
to defend, indemnify, and hold harmless hereunder.

 

16

 

Sublicensor
reserves the right to participate in any such action or claim with counsel of
its own choosing at its own expense.

 

13.4                           Sublicensee
agrees that it will obtain and maintain, at its own expense, comprehensive
general liability insurance from a recognized insurance company providing
adequate protection naming Sublicensor and Licensor as additional insureds
against any claims, suits, losses or damages for which it may be required to
indemnify Sublicensor and Licensor hereunder. 
Upon written request, Sublicensee will supply a copy of the related
insurance policies to Sublicensor.

 

13.5                           The
indemnities set forth herein shall survive the expiration or termination of
this Agreement.

 

Article XIV -  Miscellaneous

 

14.1                           All
notices, requests, consents, demands, approvals and other communications
hereunder shall be deemed to have been duly given, made or served if in writing
and delivered personally or sent by overnight carrier or by telex or telecopier
with receipt confirmed, to the respective parties to this Agreement as follows:

 

a.             If to Sublicensor:

 

La Quinta Franchise, LLC

101 Convention Center Drive,
Suite 850

Las Vegas, Nevada  89109

Attn:  Manager

 

17

 

b.             If to Sublicensee:

 

La Quinta Inns, Inc.

909 Hidden Ridge, Suite 600

Irving, Texas  75038

Attn: Chief Executive Officer

 

The
designation of the person to be so notified or the address of such person for
the purposes of such notice may be changed from time to time by similar notice.

 

14.2                           The
parties hereto shall not be liable for failure of performance hereunder if
occasioned by war, declared or undeclared, fire, flood, interruption of
transportation, embargo, accident, explosion, governmental orders, regulations,
restrictions, priorities or rationing, or by strikes, lockouts, or other labor
troubles, interfering with the supplies of raw materials entering into their
production or any other cause beyond the control of the parties.  Any suspension of performance by reason of
this paragraph shall be limited to the period during which such cause of
failure exists, but such suspension shall not affect the running of the term of
this Agreement as heretofore defined.

 

14.3                           Nothing
herein contained shall be construed to place the parties in a relationship of
partners or joint venturers and Sublicensee shall have no power to obligate or
bind Sublicensor or Licensor in any manner whatsoever.

 

14.4                           Any
provision or provisions of this Agreement which in any way contravenes the laws
of any state or country in which this Agreement is effective shall, in such
state or country as the case may be, and to the extent of such contravention of
local law, be deemed separable and shall not affect any other provision or
provisions of this Agreement.

 

14.5                           None
of the terms of this Agreement shall be deemed to be waived or modified, nor
shall this Agreement be renewed, extended, terminated or discharged except by
an agreement in writing signed by or on behalf of both parties.  There are no representations, promises,

 

18

 

warranties,
covenants or undertakings other than those contained in this Agreement, which
represent the entire understanding of the parties.

 

14.6                           The
failure of a party hereto to enforce, or the delay by a party hereto to enforce,
any of its rights under this Agreement shall not be deemed a continuing waiver
or a modification by such party of any of the rights hereunder and a party may,
within the time provided by the applicable law, commence appropriate legal or
equitable proceedings to enforce any or all of its rights under this Agreement
and any prior failure to enforce or delay in enforcement shall not constitute a
defense.

 

14.7                           This
Agreement is made pursuant to and shall be governed by and construed in
accordance with the laws of the State of Delaware, without regard to its
provisions as to choice of law.

 

14.8                           Sublicensor
and Sublicensee shall each cooperate with one another in entering into and
executing any other written agreements and applications necessary under the
laws of any country or jurisdiction within the Territory to give this Agreement
full force and effect.

 

14.9                           This
Agreement shall inure to the benefit of and shall be binding upon the parties,
and their respective permitted successors, transferees and assigns; provided,
however, that subject to paragraph 14.10 herein, Sublicensee may not assign all
or any portion of this Agreement without the express prior written consent of
Sublicensor, which consent may be given or withheld in Sublicensor’s absolute
discretion.

 

14.10                     This
Agreement may not be transferred or assigned by Sublicensee to an unrelated
third party other than in connection with the sale, disposition or merger of
Sublicensee’s company or business, or encumbered by a third party, except with
Sublicensor’s express written consent. 
The following circumstances shall not be deemed to be an assignment,

 

19

 

and shall not
require Sublicensor’s consent

 

a.                                       the sale or
disposition of all or substantially all of the voting stock or assets of
Sublicensee; or

 

b.                                      a public
offering or sale to underwriters of capital stock by Sublicensee or any
successor there­to or any acquisitions by or of Sublicensee through merger,
purchase of assets or otherwise effected in whole or in part by issuance or
reissuance of Sublicensee’s shares of capital stock.

 

14.11                     Sublicensee
agrees to comply, at its own expense, with all laws, ordinances, rules,
regulations, and other requirements, relating to Sublicensee’s offering of the
Licensed Services and operation and management of the Licensed Services and
Facilities, of all governmental units having jurisdiction pertaining to this
Agreement.

 

14.12                     Each
party shall be responsible for any duties, taxes or penalties imposed by any
government on its services.

 

14.13                     Except
as expressly identified herein, there are and shall be no third party
beneficiaries of this Agreement.

 

[Signature page to follow.]

 

20

 

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

 

	
   

  	
  LA QUINTA FRANCHISE, LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ MICHAEL F. BUSHEE

  	
   

  
	
   

  	
   

  	
  Name  Michael F. Bushee

  
	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
   

  
	
   

  	
  LA QUINTA INNS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ STEVEN J. FLOWERS

  	
   

  
	
   

  	
   

  	
  Name: Steven J. Flowers

  
	
   

  	
   

  	
  Title:  Vice President —
  Finance

  
					

 

 

SCHEDULE A

 

Trademarks

 

	
  Country

  	
   

  	
  Trademark

  	
   

  	
  Registration
  No./Serial No.

  
	
  Argentina

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1,656,347

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & DESIGN

  	
   

  	
  1,656,565

  
	
  Bahamas

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  17,113

  
	
  Belize

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  7147

  
	
  Bermuda

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  26748

  
	
  Bolivia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  62104-C

  
	
  Brazil

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  817936351

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  817936360

  
	
  Canada

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  TMA364525

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  111398200

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA
  INN & SUITES & DESIGN

  	
   

  	
  111008400

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RETURNS

  	
   

  	
  111398100

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & DESIGN

  	
   

  	
  111008500

  
	
  Chile

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  443.212

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  443.213

  

 

A-1

 

	
  Colombia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  190254

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  190253

  
	
  Costa Rica

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
   

  
	
  Ecuador

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  178-96

  
	
  European Community

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  002393205

  
	
  Guatemala

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  8806-94

  
	
  India

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  677305

  
	
  Indonesia

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  372248

  
	
  Jamaica

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  28,596

  
	
  Mexico

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  335462

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  328,919

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  484,558

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  485,952

  
	
  Netherlands Antilles

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  18493

  
	
  Nicaragua

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  30,237 CC

  
	
  Panama

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  74714

  

 

A-2

 

	
  United Kingdom

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1348734

  
	
  United States

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  1,080,641

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TELQUIK

  	
   

  	
  1,078,158

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TEL QUIK
  (STYLIZED)

  	
   

  	
  1,022,257

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & CABALLERO DESIGN

  	
   

  	
  1,199,980

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  (STYLIZED)

  	
   

  	
  875,802

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CABCLUB

  	
   

  	
  1,411,799

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  MOTOR INNS & DESIGN

  	
   

  	
  1,393,579

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  MOTOR INNS & BUILDING DESIGN

  	
   

  	
  1,393,578

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CABCLUB
  & DESIGN

  	
   

  	
  1,411,800

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  BRAIN TRUST

  	
   

  	
  1,429,660

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  KING PLUS

  	
   

  	
  1,623,015

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  KEENTA

  	
   

  	
  1,563,984

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RETURNS

  	
   

  	
  1,572,636

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  1,841,032

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN (WITH COLOR)

  	
   

  	
  1,823,440

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FIRST LIGHT

  	
   

  	
  2,076,246

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GOLD MEDAL

  	
   

  	
  2,061,347

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA
  INN & SUITES & DESIGN

  	
   

  	
  2,298,693

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LQ LA QUINTA
  INN & SUITES AND DESIGN (COLOR)

  	
   

  	
  2,300,509

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AN OASIS
  FROM THE WORLD

  	
   

  	
  2,365,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

A-3

 

	
   

  	
   

  	
  CAFÉ QUINTA

  	
   

  	
  76/029,804

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  ELINK

  	
   

  	
  76/269,141

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WE’RE JUST
  YOUR STYLE

  	
   

  	
  76/037,806

  
	
  Venezuela

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  S.003310

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  INN & WINDOW DESIGN

  	
   

  	
  S.003002

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  State — Hawaii

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA
  & CABALLERO DESIGN

  	
   

  	
  21389

  
	
  State — Texas

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TEL-QUIK

  	
   

  	
  31656

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LA QUINTA

  	
   

  	
  46649

  

 

A-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]