Document:

Exhibit
10.1

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
Executive Employment Agreement (“Agreement”) is made and entered into as of June 4, 2018 (the “Effective
Date”), by and between Rubicon Technology, Inc., a Delaware corporation (the “Company”), and Inga
A. Slavutsky, a resident of the State of Illinois (the “Executive”).

 

PRELIMINARY
STATEMENTS

 

The
Company is in the business of providing material science solutions of sapphire and other advanced technology materials for the
Opto-electrics Semiconductor Fabrication, Optical and Laser and Telecommunications Marketplaces (“Company’s Business”);
provided, however, the term shall be deemed amended to reflect any actual change in the Company’s Business
after the date hereof but prior to the day following the date on which Executive shall cease to be employed by the Company (as
reflected in the minutes of the Board of Directors of the Company prior to the Termination Date (as defined below) or the Resignation
Date (as defined below), as applicable).

 

As
a result of Executive’s previous employment, the Executive is well acquainted with the affairs of the Company and its personnel,
services, products, and business practices and relationships and other Confidential Information (as defined in Section 5
below). This Agreement is entered into for, among other things, the protection of the Company’s business relationships,
goodwill and going business value and the prevention of the unauthorized use or disclosure of any Confidential Information by
the Executive.

 

Capitalized
terms used herein, but not otherwise defined, shall have the meanings ascribed to such terms in the Company’s 2016 Stock
Incentive Plan, as amended (the “Plan”).

 

AGREEMENT

 

In
consideration of the premises and the mutual promises and covenants contained in this Agreement and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties here to agree as follows:

 

Section
1. Employment and Duties.

 

(a) 
Employment Duties. Throughout the Employment Term (as defined in Section 2 below), the Executive shall serve as
the CFO and Secretary of the Company, and shall report to the President and Chief Executive Officer of the Company (the “CEO”).
Throughout the Employment Term, the Executive shall: (i) devote her working hours, on a full-time basis, to her duties and responsibilities
to the Company; (ii) faithfully and loyally serve the Company; (iii) comply in all material respects with all lawful directions
and instructions given to her by the CEO and the Board of Directors (the “Board”); and (iv) use her best efforts
to promote and serve the interests of the Company. The Executive shall comply in all material respects with all applicable laws,
rules and regulations relating to the performance of the Executive’s duties and responsibilities hereunder.

 

     

     

    

 

(b) 
Exclusive Employment. Throughout the Employment Term, the Executive shall not render her services, directly or indirectly,
to any person or entity other than the Company without the prior consent of the Board, which may be withheld or granted by the
Board in its sole discretion. The Executive shall not engage in any activity which would materially interfere with the faithful
and timely performance of her duties under this Agreement; provided however, the Executive may, subject to the prior consent of
the Board, which shall not be unreasonably withheld, serve as a director of any other company, so long as such service does not
unreasonably and materially interfere with the timely performance of the Executive’s duties under this Agreement.

 

Section
2. Employment Term. The Executive’s employment as the Chief Financial Officer and Secretary shall commence on June
1, 2018 and shall continue thereafter unless and until her employment is terminated pursuant to the terms of this Agreement. As
used herein, “Employment Term” shall mean the actual period of time during which the Executive is employed
by the Company under the terms and conditions of this Agreement.

 

Section
3. Compensation and Other Benefits. During the Employment Term, the Company shall pay and provide the following compensation
and other benefits to the Executive as full compensation for all services rendered by the Executive to the Company:

 

(a)
Annual Salary. The Executive’s annual salary shall be One Hundred Thirty Thousand Dollars ($130,000) (the “Annual
Salary”) commencing on June 1, 2018. The Annual Salary shall be paid in accordance with the then-prevailing payroll practices
of the Company, less applicable taxes, payroll deductions and withholdings required by law. The Board shall review the Annual
Salary on an annual basis and make appropriate adjustments thereto from time to time; provided that the Annual Salary shall not
be reduced below $130,000 without the Executive’s prior written consent.

 

(b)
Bonuses.

 

(i) 
For calendar year 2018, the Executive shall be paid a fixed cash bonus of Eight Thousand Seven Hundred Fifty Dollars ($8,750)
in the first payroll period following the Company’s filing with the Securities and Exchange Commission of its Report on
Form 10-K for the year ending December 31, 2018. For 2019 and thereafter, the Executive shall be paid an annual fixed cash bonus
of Fifteen Thousand Dollars ($15,000) upon the same conditions and timing set forth above for 2018. In addition, every year Employee
is eligible to receive a discretionary bonus of up to Ten Thousand Dollars ($10,000). The Employee must be an employee of the
Company in good standing on the date that each such bonus is to be paid. Each such bonuses, if paid, shall be subject to applicable
taxes, payroll deductions, and withholdings required by law.

 

    	 	2	 

     

    

 

(d)
Employee Benefit Plans. The Executive shall be eligible to participate in all employee benefit plans offered by the Company,
but participation shall be subject to all of the terms and conditions of such plans applicable to all such employees, including
all waiting periods, eligibility requirements, contributions, exclusions and other similar conditions or limitations.

 

(e)
Vacation. The Executive shall be entitled to accrue fifteen (15) vacation days per calendar year, which vacation days shall
accrue proportionately throughout the year based on completed months of service. Any unused vacation days shall not be carried
forward from one calendar year to the next. For purposes of this Agreement, the term “Termination Vacation Pay” shall
mean, at the time of a termination of the Executive’s employment hereunder, the payment due to the Executive at the rate
of the Annual Salary in effect at that time, on a daily basis, multiplied by the number of earned and unused vacation days for
the then current calendar year for the period between January 1 of such year and the Termination Date.

 

(f) 
Other Expenses. The Company shall reimburse the Executive for all reasonable and ordinary out-of-pocket business expenses
incurred by the Executive in the scope of her employment hereunder. The Executive shall submit itemized expense reports in order
to obtain reimbursement of expenses and shall submit with such expense reports such records and logs as may be required by the
relevant taxing authorities for the substantiation of each such business expense as a deduction on the Company’s income
tax returns.

 

Section
4. Termination of Employment. The Executive’s employment with the Company shall be subject to termination as follows:

 

(a)
Termination for Cause. The Company may immediately terminate the Executive for Cause (as defined below) by giving written
notice to the Executive. In the event of a termination for Cause, the Executive shall be entitled to payment of (i) that portion
of any of Executive’s Annual Salary that the Executive earned through and including the Termination Date, at the rate of
the Annual Salary in effect at that time, (ii) any Termination Vacation Pay, and (iii) any bonus earned prior to the Termination
Date that remains unpaid, subject to any offset or recoupment rights of the Company and any other rights or remedies applicable
to any breach of this Agreement by the Executive prior to the Termination Date. Except as provided herein or required by applicable
law, the Executive shall not be entitled to any other compensation or benefits. Termination for “Cause” shall
mean termination by the Board of the Executive’s employment with the Company, after a good faith determination by the Board
at a meeting called and held for that purpose, or in a written consent to resolutions signed by all members of the Board, and
after reasonable notice to the Executive, that the Executive:

 

(i)
has willfully engaged in misconduct materially and adversely affecting the Company;

 

(ii)
engaged in theft, fraud, embezzlement or similar behavior;

 

    	 	3	 

     

    

 

(iii)
has been indicted or convicted of a felony; or

 

(iv)
has willfully continued, after a correction period, to fail to substantially perform the material duties of Executive’s
position with the Company (other than failure resulting from incapacity due to physical or mental illness). The correction period
shall last not less than ten (10) days after the Company provides Executive with written notice of Executive’s failure to
substantially perform Executive’s material duties.

 

(b)
Termination Without Cause. The Company may, in its sole discretion, terminate the Executive without Cause, by providing
notice to the Executive (the “Termination Notice”) at least five (5) calendar days prior to the Termination
Date. In the event of a termination without Cause, the Executive shall be entitled to: (i) payment of that portion of any Executive’s
Annual Salary that the Executive earned through and including the Termination Date, at the rate of the Annual Salary in effect
at that time; (ii) any Termination Vacation Pay; (iii) any bonus earned prior to the Termination Date that remains unpaid; (iv)
payment of Executive’s Annual Salary, at the rate of the Annual Salary in effect at that time, commencing on the Termination
Date and continuing for the three (3) month period thereafter; provided, however that the Executive executes and delivers
to the Company a complete release agreement in form and substance reasonably acceptable to the Company. In addition, the Company
shall be obligated to continue any health and welfare benefits provided to the Executive under Section 3(d) throughout
the period commencing on the Termination Date and continuing for a three (3) month period thereafter. Except as provided herein
or required by applicable law, the Executive shall not be entitled to any other compensation or benefits. With respect to Section
4(b)(iv) above, such payments shall be paid in accordance with the then-prevailing payroll practices of the Company, less
applicable taxes, payroll deductions and withholdings required by law.

 

(c) 
Resignation. The Executive may resign from her employment with the Company at any time by providing written notice to the
Company thirty (30) calendar days prior to the Resignation Date. In the event of resignation, the Executive shall be entitled
to payment of that portion of the Executive’s Annual Salary that the Executive earned through and including the Resignation
Date, at the rate of the Annual Salary in effect at that time, any Termination Vacation Pay and any bonus earned prior to the
Resignation Date that remains unpaid. Except as provided herein (including, without limitation, in Section 4(d)) or required
by applicable law, the Executive shall not be entitled to any other compensation or benefits.

 

(d)
 Resignation for Good Reason. Notwithstanding Section 4(c), the Executive may terminate her employment by the
Company for Good Reason (as defined below) by providing written notice thereof to the Company (the “Resignation Notice”)
at least thirty (30) days prior to the Resignation Date, which notice shall set forth in reasonable detail the nature of the facts
and circumstances which constitute “Good Reason” (as defined below) and Company shall have thirty (30) days
after receipt of the Resignation Notice to cure in all material respects the facts and circumstances which constitute Good Reason.
In the event of a termination for Good Reason, the Executive shall be entitled to: (i) payment of that portion of the Executive’s
Annual Salary that the Executive earned through and including the Resignation Date, at the rate of the Annual Salary in effect
at that time; (ii) any Termination Vacation Pay; (iii) any bonus earned prior to the Resignation Date that remains unpaid; (iv)
payment of Executive’s Annual Salary, at the rate of the Annual Salary in effect at that time, commencing on the Resignation
Date and continuing for the three (3) month period thereafter;; provided, however, that the Executive executes and
delivers to the Company a complete release agreement in form and substance reasonably acceptable to the Company. In addition,
the Company shall be obligated to continue any health and welfare benefits provided to the Executive under Section 3(d)
throughout the period commencing on the Termination Date and continuing for a three (3) month period thereafter. Except as provided
herein or required by applicable law, the Executive shall not be entitled to any other compensation or benefits. With respect
to Section 4(d)(iv) above, such payments shall be paid in accordance with the then-prevailing payroll practices of the
Company, less applicable taxes, payroll deductions and withholdings required by law.

 

    	 	4	 

     

    

 

For
purposes of this Agreement, “Good Reason” means the resignation of the Executive’s employment by the
Company by the Executive, because of (A) any reduction in the Executive’s Annual Salary then in effect in a manner that
is not permitted under Section 3(a) hereof, (B) a substantial diminution in the duties, responsibilities or titles of the
Executive, but only if uncured in accordance with the foregoing provisions hereof, or (C) being required by the Board to relocate
(for a period longer than six (6) consecutive months) greater than 100 miles from the Chicago, Illinois metropolitan area in order
to maintain employment with the Company pursuant to this Agreement.

 

(e) 
Death. If the Executive dies, her employment with the Company and this Agreement shall automatically terminate on the date
of her death. The Executive’s estate or personal representative shall be entitled to receive that portion of the Annual
Salary that the Executive earned through and including the date of the Executive’s death, at the rate of the Annual Salary
in effect at that time, any Termination Vacation Pay and any bonus earned prior to the date of the Executive’s death that
remains unpaid. Except as provided herein or required by applicable law, neither the Executive’s estate nor her personal
representative shall be entitled to any other compensation or benefits.

 

(f)  
Disability The Executive shall be deemed “Permanently Disabled” when she has suffered any medically
determinable physical or mental illness, injury or infirmity that prevents the Executive from performing her responsibilities
under this Agreement and which disability has lasted or that the Board in good faith has determined can be expected to last for
a continuous period of not less than 90 calendar days. The Board has the discretion to determine whether the Executive is disabled
and that determination shall be binding and conclusive on the Executive (and any guardians or representatives for her). If the
Executive becomes Permanently Disabled, the Company may terminate the Executive’s employment with the Company as a result
of the Permanent Disability by providing written notice to the Executive thirty (30) calendar days prior to the Termination Date,
or the Executive may resign from her employment with the Company by providing written notice to the Company thirty (30) calendar
days prior to the Resignation Date. If the Executive resigns from employment with the Company as a result of a Permanent Disability
or the Company terminates the Executive’s employment as a result of a Permanent Disability, the Executive shall be entitled
to receive that portion of the Annual Salary, at the rate in effect when she became Permanently Disabled, that she earned through
and including the Termination Date or Resignation Date, as applicable, less any amounts the Executive is entitled to receive
under any disability insurance policy maintained by the Company, any Termination Vacation Pay and any bonus earned prior to the
Termination Date or Resignation Date, as applicable, that remains unpaid. Except as provided herein or required by applicable
law, the Executive shall not be entitled to any other compensation or benefits.

 

    	 	5	 

     

    

 

(g)
Savings Clause. This paragraph shall apply for so long as the Executive is a “specified employee” for purposes
of Section 409A of the Code. The determination of whether the Executive is a “specified employee” shall be made in
accordance with the policy of the Company or, if none, under the default rules in Section 1.409A-1 (i) of the Treasury Regulations.
Any amount otherwise payable to the Executive on account of the Executive’s separation from service as defined in Section
1.409A-1(h) of the Treasury Regulations that exceeds the limit provided in Section 1.409A-1 (b)(9)(iii) of the Treasury Regulations
shall not be paid before the date which is six (6) months and a day after the date of the Executive’s separation from service
(or, if earlier, the date of the Executive’s death). Upon the expiration of the six-month deferral period referred to in
the preceding sentence or the Executive’s death, all payments deferred pursuant to the preceding sentence shall be paid
to the Executive (or the Executive’s estate in the event of the Executives death) in a lump sum.

 

Section
5. Confidentiality. For purposes of this Section 5, the term “Company” shall include, in addition
to the Company, its affiliates, subsidiaries and any of their respective predecessors, successors and assigns.

 

(a) 
Confidential Information. As used in this Agreement, “Confidential Information” means any and all confidential,
proprietary or other information, whether or not originated by the Executive or the Company, which is in any way related to the
past or present Company’s Business and is either designated as confidential or not generally known by or available to the
public. Confidential Information includes, but is not limited to (whether or not reduced to writing or designated as confidential)
(i) information regarding the Company’s existing and potential customers and vendors; (ii) any contracts (including the
existence and contents thereof and parties thereto) to which the Company is a party or is bound; (iii) information regarding products
and services being purchased or leased by or provided to the Company; (iv) information received by the Company from third parties
under an obligation of confidentiality, restricted disclosure or restricted use; (v) personnel and financial information of the
Company; (vi) information with respect to the Company’s products, services, facilities, business methods, systems, trade
secrets, technical know-how, and other intellectual property; (vii) marketing and developmental plans and techniques, price and
cost data, forecasts and forecast assumptions, and potential strategies of the Company; and (viii) any other information relating
to the Company which was obtained by the Executive in connection with her employment by the Company, whether before, on or after
the Effective Date.

 

    	 	6	 

     

    

 

(b)
Non-Disclosure and Non-Use of Confidential Information. The Executive acknowledges that the Confidential Information of
the Company is a valuable, unique asset of the Company and the Executive’s unauthorized use or disclosure thereof could
cause irreparable harm to the Company for which no remedy at law could be adequate. Accordingly, the Executive agrees that she
shall hold all Confidential Information of the Company in strict confidence and solely for the benefit of the Company, and that,
except as necessary in the course of Executive’s duties as an employee of the Company, she shall not, directly or indirectly,
disclose or use or authorize any third party to disclose or use any Confidential Information. The Executive shall follow all the
Company policies and procedures to protect all Confidential Information and take any additional precautions necessary to preserve
and protect the use or disclosure of any Confidential Information at all times.

 

(c) 
Ownership of Confidential Information. The Executive acknowledges and agrees that all Confidential Information is and shall
remain the exclusive property of the Company, whether or not prepared in whole or in part by the Executive and whether or not
disclosed to or entrusted to the custody of the Executive. Upon the termination or resignation of her employment by the Company,
or at any other time at the request of the Company, the Executive shall promptly deliver to the Company all documents, tapes,
disks, or other storage media and any other materials, and all copies thereof in whatever form, in the possession of the Executive
pertaining to the Company’s Business, including, but not limited to, any containing Confidential Information.

 

(d) 
Public Information. Notwithstanding anything contained in this Agreement to the contrary, information which is generally
available or accessible to the public shall be deemed Confidential Information of the Company if such information was retrieved,
gathered, assembled or maintained by the Company in such a manner not available to the public or for a purpose beneficial to the
Company. From time to time, the Company may, for its own benefit, choose to place certain Confidential Information or records
of the Company in the public domain. Notwithstanding anything contained in this Agreement to the contrary, the fact that such
Confidential Information may be made available to the public in a limited form and under limited circumstances does not change
the confidential and proprietary nature of such information, and does not release the Executive from her duties with respect to
such Confidential Information as set forth in this Agreement.

 

(e) 
Survival. The Executive’s obligations set forth in this Section 5 and the Company’s rights and remedies
with respect hereto, shall indefinitely survive the termination of this Agreement and the Executive’s employment by the
Company, regardless of the reason therefor.

 

Section
6. Restrictive Covenants. For purposes of this Section 6, the term “Company” shall include, in
addition to the Company, its affiliates, subsidiaries and any of their respective predecessors, successors and assigns.

 

(a) 
Non-Competition. The Executive shall not, during the Restricted Period and within the Restricted Area (each as defined
in subsection (c) below), directly or indirectly, perform on behalf of any Competitor (as defined in subsection (c) below) the
same or similar services as those that Executive performed for the Company during the Executive’s employment by the Company
or otherwise. In addition, the Executive shall not, during the Restricted Period or within the Restricted Area, directly or indirectly
engage in, own, manage, operate, join, control, lend money or other assistance to, or participate in or be connected with (as
an officer, director, member, manager, partner, shareholder, consultant, employee, agent, or otherwise), any Competitor.

 

    	 	7	 

     

    

 

(b) 
Non-Solicitation. During the Restricted Period, the Executive shall not, directly or indirectly, for herself or on behalf
of any Person (as defined in subsection (c) below), (i) solicit or attempt to solicit any Customers (as defined in subsection
(c) below), or prospective Customers, with whom the Executive had contact at any time during the Executive’s employment
by the Company, or about whom the Executive learned Confidential Information; (ii) divert or attempt to divert any business of
the Company to any other Person; (iii) solicit or attempt to solicit for employment, endeavor to entice away from the Company,
recruit, hire, or otherwise interfere with the Company’s relationship with, any Person who is employed by or otherwise engaged
to perform services for the Company (or was employed or otherwise engaged to perform services for the Company, as of any given
time, within the immediately preceding twenty-four (24) month period); (iv) cause or assist, or attempt to cause or assist, any
employee or other service provider to leave the Company; or (v) otherwise interfere in any manner with the employment or business
relationships of the Company or the business or operations then being conducted by the Company.

 

(c) 
Definitions. For purposes of this Section 6, the following definitions have the following meanings:

 

(i)
“Competitor” means any Person that engages in a business that is the same as, or similar to, the Company’s
Business.

 

(ii)
“Customer” means any Person which, as of any given date, used or purchased or contracted to use or purchase
any services or products from the Company within the immediately preceding twenty-four (24) month period.

 

(iii)
“Person” means any individual, corporation, partnership, joint venture, association, limited liability company,
joint-stock company, trust, or unincorporated organization, or any governmental agency, officer, department, commission, board,
bureau, or instrumentality thereof.

 

(iv)
“Restricted Area” means, because the market for Company’s Business is global, or has the potential of
being global, and is not dependent upon the physical location or presence of the Company, the Executive, or any individual or
entity that may be in violation of this Agreement, the broadest geographic region enforceable by law (excluding any location where
this type of restriction is prohibited by law) as follows: (A) everywhere in the world that has access to Company’s Business
because of the availability of the Internet; (B) everywhere in the world that the Executive has the ability to compete with Company’s
Business through the Internet; (C) each state, commonwealth, territory, province and other political subdivision located in North
America; (D) each state, commonwealth, territory and other political subdivision of the United States of America; (E) any state
in which the Executive has performed any services for the Company; (F) any geographical area in which the Company has performed
any services or sold any products; (G) any geographical area in which the Company or any of its subsidiaries have engaged in Company’s
Business, which has resulted in aggregate sales revenues of at least $25,000 during any year in the five (5) year period immediately
preceding the commencement of the Restricted Period; (H) any state or other jurisdiction where the Company had an office at any
time during the Executive’s employment by the Company; (I) within one hundred (100) miles of any location in which the Company
had an office at any during the Executive’s employment by the Company; and (J) within one hundred (100) miles of any location
in which the Executive provided services for the Company.

 

    	 	8	 

     

    

 

(v)
“Restricted Period” means the period of time during the Executive’s employment by the Company plus a
period of twelve (12) months from the Termination Date or Resignation Date, as applicable. In the event of a breach of this Agreement
by the Executive, the Restricted Period will be extended automatically by the period of the breach.

 

(d)
Survival. The Executive’s obligations set forth in this Section 6, and the Company’s rights and remedies
with respect thereto, will remain in full force and effect during the Restricted Period and until full resolution of any dispute
related to the performance of the Executive’s obligations during the Restricted Period.

 

(e)
Public Company Exception. The prohibitions contained in this Section 6 do not prohibit the Executive’s ownership
of stock which is publicly traded, provided that (1) the investment is passive, (2) the Executive has no other involvement with
the company, (3) the Executive’s interest is less than five (5%) percent of the shares of the company, and (4) the Executive
makes full disclosure to the Company of the stock at the time that the Executive acquires the shares of stock.

 

Section
7. Assignment of Inventions. Any and all inventions, improvements, discoveries, designs, works of authorship, concepts
or ideas, or expressions thereof, whether or not subject to patents, copyrights, trademarks or service mark protections, and whether
or not reduced to practice, that are conceived or developed by the Executive while employed with the Company and which relate
to or result from the actual or anticipated business, work, research or investigation of the Company (collectively, “Inventions”),
shall be the sole and exclusive property of the Company. The Executive shall do all things reasonably requested by the Company
to assign to and vest in the Company the entire right, title and interest to any such Inventions and to obtain full protection
therefor. Notwithstanding the foregoing, the provisions of this Agreement do not apply to an Invention for which no equipment,
supplies, facility, or Confidential Information of the Company was used and which was developed entirely on the Executive’s
own time, unless (a) the Invention relates (i) to Company’s Business, or (ii) to the Company’s actual or demonstrably
anticipated research or development, or (b) the Invention results from any work performed by the Executive for the Company.

 

    	 	9	 

     

    

 

Section
8.Reasonableness; Remedies; Claims.

 

(a) 
Reasonableness. The Executive has carefully considered the nature, extent and duration of the restrictions and obligations
contained in this Agreement, including, without limitation, the geographical coverage contained in Section 6 and the time
periods contained in Section 5 and Section 6 and acknowledges and agrees that such restrictions are fair and reasonable
in all respects to protect the legitimate interests of the Company and that these restrictions are designed for the reasonable
protection of Company’s Business.

 

(b)
Remedies. The Executive recognizes that any breach of this Agreement shall cause irreparable injury to the Company, inadequately
compensable in monetary damages. Accordingly, in addition to any other legal or equitable remedies that may be available to the
Company, the Executive agrees that the Company shall be able to seek and obtain injunctive relief in the form of a temporary restraining
order, preliminary injunction, or permanent injunction, in each case without notice or bond, against Executive to enforce this
Agreement. The Company shall not be required to demonstrate actual injury or damage to obtain injunctive relief from the courts.
To the extent that any damages are calculable resulting from the breach of this Agreement, the Company shall also be entitled
to recover damages, including, but not limited to, any lost profits of the Company and/or its affiliates or subsidiaries. For
purposes of this Agreement, lost profits of the Company shall be deemed to include all gross revenues resulting from any activity
of the Executive in violation of this Agreement and all such revenues shall be held in trust for the benefit of the Company. Any
recovery of damages by the Company shall be in addition to and not in lieu of the injunctive relief to which the Company is entitled.
In no event will a damage recovery be considered a penalty in liquidated damages. In addition, in any action at law or in equity
arising out of this Agreement, the prevailing party shall be entitled to recover, in addition to any damages caused by a breach
of this Agreement, all costs and expenses, including, but not limited to, reasonable attorneys’ fees, expenses, and court
costs incurred by such party in connection with such action or proceeding. Without limiting the Company’s rights under this
Section 7(b) or any other remedies of the Company, if a court of competent jurisdiction determines that the Executive breached
any of the provisions of Sections 5 or 6, the Company will have the right to cease making any payments or providing any
benefits otherwise due to the Executive under the terms and conditions of this Agreement.

 

(c) 
Claims by the Executive. The Executive acknowledges and agrees that any claim or cause of action by the Executive against
the Company shall not constitute a defense to the enforcement of the restrictions and covenants set forth in this Agreement and
shall not be used to prohibit injunctive relief.

 

Section
9. Nonassignability, Binding Agreement.

 

(a) 
By the Executive. The Executive shall not assign, transfer or delegate this Agreement or any right, duty, obligation, or
interest under this Agreement without the Company’s prior written consent; provided, however, that nothing shall preclude
the Executive from designating beneficiaries to receive compensation or benefits, if any, payable under this Agreement upon her
death.

 

    	 	10	 

     

    

 

(b) 
By the Company. The Company shall not assign, transfer or delegate this Agreement or any right, duty, obligation or intent
under this Agreement without the Executive’s prior written consent; provided, however, that the Company may assign this
Agreement and all of its rights and obligations hereunder to any person who or entity that shall acquire all or substantially
all of the assets and properties of the Company in a bona fide sale transaction.

 

(c) 
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties, any successors or assigns
of the Company and the Executive’s heirs and the personal representative(s) or executor(s) of the Executive’s estate.

 

Section
10. Definitions. The following capitalized terms shall have, throughout this Agreement, the following meanings:

 

(a) 
“Resignation Date” shall mean the date specified in the Resignation Notice, or the actual date the Executive
terminates employment with the Company as the result of a resignation as provided in whichever occurs earlier.

 

(b) 
“Termination Date” shall mean the actual date the Executive ceases to be employed with the Company as a result
of action taken by the Company, and not as a result of Executive’s resignation from employment.

 

Section
11. Judicial Modification and Severability. Executive agrees that if a court of competent jurisdiction should determine
that any phrase or provision in this Agreement is invalid or unenforceable as written for any reason, the court shall modify and
enforce any such phrase or provision to the maximum extent reasonably necessary to protect the Company’s legitimate business
interests, so long as the modification does not render the phrase or provision more restrictive with regard to Executive than
originally drafted. Executive further agrees that if such modification of a phrase or provision that is invalid or unenforceable
as written is legally impossible, the Court shall sever any such phrase or provision from this Agreement, and that the enforceability
of all other provisions of this Agreement shall not be affected, but shall otherwise remain in full force and effect.

 

Section
12. Amendment. This Agreement may not be modified, amended, or waived in any manner except by a written instrument signed
by both parties to this Agreement.

 

Section
13. Waiver. The waiver by any party of compliance by any other party with any provision of this Agreement shall not operate
or be construed as a waiver of any other provision of this Agreement (whether or not similar), or a continuing waiver or a waiver
of any subsequent breach by a party of a provision of this Agreement. Performance by any of the parties of any act not required
of it under the terms and conditions of this Agreement shall not constitute a waiver of the limitations on its obligations under
this Agreement, and no performance shall estop that party from asserting those limitations as to any further or future performance
of its obligations.

 

    	 	11	 

     

    

 

Section
14. Governing Law and Forum. This Agreement shall be governed, construed and enforced in accordance with the laws of the
State of Illinois, without regard to principles of conflict of laws of such State. Any action to enforce this Agreement shall
be brought solely in the state or federal courts located in the City of Chicago, Illinois.

 

Section
15. Notices. All notices required or desired to be given under this Agreement shall be in writing and shall be deemed to
have been given if delivered in person and receipted for by the party to whom the notice is directed; mailed by certified or registered
United States mail postage prepaid, not later than the day upon which the notice is required to be given pursuant to this Agreement;
or delivered by expedited courier, shipping prepaid or mailed to sender, on the next business day, after the date on which it
is so sent, and addressed as follows:

 

	 	If
    to the Company, to:	Board
                                         of Directors

        Rubicon
        Technology, Inc.

        900
        East Green Street, Unit A

        Bensenville,
        IL 60106.

	 	If
    to the Executive, to:	Inga
                                         Slavutsky

        216
        White Branch Court

        Buffalo
        Grove, IL 60089

 

Either
party may, by giving written notice to the other party, change the address to which notice shall then be sent.

 

Section
16. Prior Agreements. This Agreement is a complete and total integration of the understanding of the parties related to
the Executive’s employment with the Company and supersedes all prior or contemporaneous negotiations, commitments, agreements,
writings, and discussions with respect to the subject matter of this Agreement.

 

Section
17. Headings. The headings of the sections of this Agreement are inserted solely for convenience of reference and shall
not be deemed to affect the meaning or interpretation of this Agreement.

 

Section
18. Counterparts. This Agreement may be executed in two (2) counterparts, each of which shall be deemed to be an original,
but both of which together shall constitute one and the same Agreement.

 

Section
19. Statutory and Common Law Duties. The duties the Executive owes to the Company under this Agreement shall be deemed
to include federal and state statutory and common law obligations of the Executive, and do not in any way supersede or limit any
of the obligations or duties the Executive owes to the Company. This Agreement is intended, among other things, to supplement
the provisions of the Illinois Uniform Trade Secrets Act, as enacted and amended from time to time.

 

Section
20. Executive Acknowledgments.

 

(a) 
The Executive Has Read the Document. The Executive acknowledges and agrees that she has carefully read this entire Agreement
and has been given sufficient opportunity to discuss this Agreement with the Company before signing.

 

(b) 
The Executive Has Had an Opportunity to Consult with Others. The Executive acknowledges and agrees that she has been given
an adequate opportunity to consult with her lawyer, accountant, tax advisor, spouse and other persons she deems appropriate concerning
this Agreement and the terms and conditions hereof.

 

(c) 
Executive Has a Copy. The Executive acknowledges and agrees that she has been given a copy of this Agreement.

 

(d) 
Signing is Acceptance. By signing, the Executive agrees to accept all of the terms and conditions of this Agreement and
understands that the Company is relying upon the Executive’s stated acceptance of such terms and conditions.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	12	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

 

“COMPANY”

 

	RUBICON
    TECHNOLOGY, INC.	 
	 	 
	 	 
	Michael
    Mikolajczyk	 
	Chairman
    of the Board of Directors	 
	 	 
	“EXECUTIVE”	 
	 	 
	 	 
	Inga
    Slavutsky	 

 

 

13EX-10.1

 Exhibit 10.1 

TAX MATTERS AGREEMENT 

between 
 LA QUINTA
HOLDINGS INC. 
 and 

COREPOINT LODGING INC. 

Dated as of May 30, 2018 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	2	 
			
	 Section 1.1.
	 	Definitions	  	 	2	 
	 Section 1.2.
	 	References; Interpretation	  	 	8	 
	 Section 1.3.
	 	Effective Time	  	 	8	 
		
	 ARTICLE II PREPARATION AND FILING OF TAX RETURNS
	  	 	8	 
			
	 Section 2.1.
	 	Responsibility to Prepare and File Pre-Distribution and Straddle Period Tax Returns	  	 	8	 
	 Section 2.2.
	 	Responsibility of Parties to Prepare and File Post-Distribution Tax Returns	  	 	9	 
	 Section 2.3.
	 	Time of Filing Tax Returns	  	 	9	 
		
	 ARTICLE III RESPONSIBILITY FOR PAYMENT OF TAXES
	  	 	9	 
			
	 Section 3.1.
	 	Responsibility for Payment of Taxes	  	 	9	 
	 Section 3.2.
	 	Reimbursement of Taxes	  	 	10	 
	 Section 3.3.
	 	Timing of Payments of Taxes	  	 	10	 
		
	 ARTICLE IV REFUNDS, CARRYBACKS AND AMENDED TAX RETURNS
	  	 	10	 
			
	 Section 4.1.
	 	Refunds	  	 	10	 
	 Section 4.2.
	 	Amended Tax Returns	  	 	11	 
		
	 ARTICLE V CERTAIN PLAN OF REORGANIZATION TAX MATTERS
	  	 	11	 
			
	 Section 5.1.
	 	Contribution Purchase Price Adjustment	  	 	11	 
	 Section 5.2.
	 	Consistency	  	 	14	 
	 Section 5.3.
	 	Section 336(e) Election	  	 	14	 
		
	 ARTICLE VI INDEMNIFICATION
	  	 	15	 
			
	 Section 6.1.
	 	Indemnification Obligations of LQ Parent	  	 	15	 
	 Section 6.2.
	 	Indemnification Obligations of CPLG	  	 	15	 
	 Section 6.3.
	 	Protected REITs	  	 	15	 
		
	 ARTICLE VII PAYMENTS
	  	 	16	 
			
	 Section 7.1.
	 	Payments	  	 	16	 
	 Section 7.2.
	 	Treatment of Payments Made Pursuant to Tax Matters Agreement	  	 	17	 
	 Section 7.3.
	 	Payments Net of Tax Benefit Actually Realized and Tax Cost	  	 	17	 
		
	 ARTICLE VIII AUDITS
	  	 	17	 
			
	 Section 8.1.
	 	Notice	  	 	17	 
	 Section 8.2.
	 	Audits	  	 	17	 
	 Section 8.3.
	 	Payment of Audit Amounts	  	 	19	 
		
	 ARTICLE IX COOPERATION AND EXCHANGE OF INFORMATION
	  	 	20	 
			
	 Section 9.1.
	 	Cooperation and Exchange of Information	  	 	20	 

  
 i 

							
	 	 	 	  	Page	 
	 Section 9.2.
	 	Retention of Records	  	 	21	 
		
	 ARTICLE X ALLOCATION OF TAX ATTRIBUTES AND OTHER TAX MATTERS
	  	 	21	 
			
	 Section 10.1.
	 	Allocation of Tax Attributes	  	 	21	 
	 Section 10.2.
	 	Allocation of Tax Items	  	 	21	 
		
	 ARTICLE XI DISPUTE RESOLUTION
	  	 	22	 
			
	 Section 11.1.
	 	Negotiation	  	 	22	 
	 Section 11.2.
	 	Mediation	  	 	22	 
	 Section 11.3.
	 	Confidentiality	  	 	22	 
	 Section 11.4.
	 	Continuity of Performance	  	 	22	 
		
	 ARTICLE XII MISCELLANEOUS
	  	 	23	 
			
	 Section 12.1.
	 	Counterparts	  	 	23	 
	 Section 12.2.
	 	Survival	  	 	23	 
	 Section 12.3.
	 	Notices	  	 	23	 
	 Section 12.4.
	 	Waivers	  	 	24	 
	 Section 12.5.
	 	Assignment	  	 	24	 
	 Section 12.6.
	 	Successors and Assigns	  	 	25	 
	 Section 12.7.
	 	Termination and Amendment	  	 	25	 
	 Section 12.8.
	 	No Circumvention	  	 	25	 
	 Section 12.9.
	 	Subsidiaries	  	 	25	 
	 Section 12.10.
	 	Third Party Beneficiaries	  	 	25	 
	 Section 12.11.
	 	Title and Headings	  	 	25	 
	 Section 12.12.
	 	Schedules	  	 	25	 
	 Section 12.13.
	 	Specific Performance	  	 	25	 
	 Section 12.14.
	 	Governing Law	  	 	26	 
	 Section 12.15.
	 	Consent to Jurisdiction	  	 	26	 
	 Section 12.16.
	 	Waiver of Jury Trial	  	 	26	 
	 Section 12.17.
	 	Interpretation	  	 	26	 
	 Section 12.18.
	 	Changes in Law	  	 	26	 
	 Section 12.19.
	 	Severability	  	 	27	 
	 Section 12.20.
	 	Tax Sharing Agreements	  	 	27	 
	 Section 12.21.
	 	Exclusivity	  	 	27	 
	 Section 12.22.
	 	No Waiver	  	 	27	 
	 Section 12.23.
	 	No Duplication; No Double Recovery	  	 	27	 

 Schedules 
 Schedule A

 Exhibits 
 Exhibit A – Form of Registration
Rights Agreement 

  
 ii 

 TAX MATTERS AGREEMENT 

THIS TAX MATTERS AGREEMENT (this “Agreement”) is made and entered into as of the day of May 30, 2018 between La Quinta
Holdings Inc., a Delaware corporation (“LQ Parent”), and CorePoint Lodging Inc., a Maryland corporation (“CPLG”). Each of LQ Parent and CPLG is sometimes referred to herein as a “Party” and,
collectively, as the “Parties”. 
 WITNESSETH: 

WHEREAS, LQ Parent, acting through its direct and indirect Subsidiaries, currently conducts a number of businesses, including (i) the LQ
Parent Retained Business and (ii) the Separated Real Estate Business; 
 WHEREAS, the Board of Directors of LQ Parent (the
“Board”) has determined that it is advisable and in the best interests of LQ Parent and its stockholders to separate LQ Parent into two separate companies, one for each of (i) the LQ Parent Retained Business, which shall be
owned and conducted, directly or indirectly, by LQ Parent and (ii) the Separated Real Estate Business, which shall be owned and conducted, directly or indirectly, by CPLG (which will elect to be a REIT); 

WHEREAS, to effect such separation, the Board has determined that it is advisable and in the best interests of LQ Parent and its stockholders
(i) to enter into a series of transactions after giving effect to which (A) LQ Parent and/or one or more of its Subsidiaries will, collectively, own all of the LQ Parent Retained Assets and assume (or retain) all of the LQ Parent Retained
Liabilities (as defined herein), and (B) CPLG and/or one or more of its Subsidiaries will, collectively, own all of the Separated Real Estate Assets and assume (or retain) all of the Separated Real Estate Liabilities and (ii) for LQ Parent
to distribute to the holders of the LQ Parent Common Stock (as defined herein), on a pro rata basis (in each case without consideration being paid by such stockholders), all of the outstanding shares of common stock, par value $0.01 per share, of
CPLG (the “CPLG Common Stock”); 
 WHEREAS, the Parties intend that (i) each of the contributions by LQ Parent of
Assets to CPLG in exchange for the payment or distribution of cash to LQ Parent, the issuance of the CPLG Common Stock and shares of preferred stock of CPLG (the “CPLG Preferred Stock”), if any, to LQ Parent and the assumption of
Liabilities by CPLG (such contributions, issuances and assumptions, the “Contribution”) constitute a taxable exchange for purposes of Section 1001 of the Internal Revenue Code of 1986, as amended (the “Code”);
provided that in the event the CPLG Preferred Stock is not issued in connection with the Contribution, or in the event LQ Parent is not able to dispose of the CPLG Preferred Stock prior to the Effective Time, the Contribution shall be treated
as a transfer governed by Section 351 of the Code (and, for the avoidance of doubt, the Cash Payment (as defined in the Distribution Agreement) shall be governed by Section 351(b) of the Code) (the “Section 351
Transaction”), and (ii) the distribution by LQ Parent of all of the CPLG Common Stock (the “Distribution”) will be treated as a taxable distribution by LQ Parent for U.S. federal income tax purposes and as a partial
redemption of the holders of record of shares of LQ Parent in consideration for the LQ Parent Share Cancellation (as defined in the Distribution Agreement) in connection with the Merger (as defined in the Distribution Agreement) in a transaction
that is subject to Section 302(b) of the Code (the “Intended Tax Treatment”); and 

 WHEREAS, each of LQ Parent and CPLG has determined that it is necessary and desirable to set
forth the principal corporate transactions required to effect the Plan of Reorganization and the Distribution and to set forth other agreements that will govern the rights and obligations with respect to handling and allocating Taxes and related
matters following the Effective Time. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and
covenants contained in this Agreement, the Parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

Section 1.1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

(1) “ACA Taxes” means all Taxes and Losses attributable to any failure to comply with Section 4980H of the Code by LQ
Parent and/or its Subsidiaries for the taxable years ending December 31, 2015 and December 31, 2016. 
 (2)
“Affiliate” means a Person that directly, or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, a specified Person. A Person shall be deemed to control another Person if
such first Person possesses, directly or indirectly, the power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. For purposes hereof,
none of the Parties or their respective Subsidiaries shall be considered an “Affiliate” of any of the other Parties or their respective Subsidiaries (determined on the same basis). For the avoidance of doubt, for purposes hereof, neither
The Blackstone Group L.P. (nor any of its Affiliates) shall be considered an “Affiliate” of any Party or its Subsidiaries. 
 (3)
“Agreement” has the meaning set forth in the preamble hereto. 
 (4) “Agreement Dispute” has the meaning
set forth in Section 11.1. 
 (5) “Ancillary Agreement” has the meaning set forth in the Distribution Agreement. 

(6) “Assets” has the meaning set forth in the Distribution Agreement. 

(7) “Assumed Tax Rate” means 24.65%. 

(8) “Audit” means any audit, assessment of Taxes, other examination or litigation by or on behalf of any Taxing Authority
(including notices), proceeding, or appeal of such a proceeding relating to Taxes, whether administrative or judicial, including proceedings relating to competent authority determinations initiated by a Party or any of its Subsidiaries. 

  
 2 

 (9) “Audit Management Party” means the Party responsible for administering and
controlling an Audit pursuant to Section 8.2(a). 
 (10) “Audit Representative” means the chief tax officer of each
Party (or such other officer of a Party that may be designated by that Party’s Chief Financial Officer from time to time). 
 (11)
“Big Four Accounting Firm” means each of Deloitte & Touche LLP, Ernst & Young LLP, KPMG LLP, and PricewaterhouseCoopers LLP. 

(12) “Board” has the meaning set forth in the recitals hereto. 

(13) “Business Day” means any day other than a Saturday, Sunday or a day on which banks are required to be closed in New York,
New York. 
 (14) “Buyer” has the meaning set forth in the Distribution Agreement. 

(15) “Code” has the meaning set forth in the recitals hereto. 

(16) “Contribution” has the meaning set forth in the recitals hereto. 

(17) “Contribution Taxes” has the meaning set forth in Section 5.1(a). 

(18) “CPLG” has the meaning set forth in the preamble hereto. 

(19) “CPLG Common Stock” has the meaning set forth in the recitals hereto. 

(20) “CPLG Group” has the meaning set forth in the Distribution Agreement. 

(21) “CPLG Preferred Stock” has the meaning set forth in the recitals hereto. 

(22) “CPR” has the meaning set forth in Section 11.2. 

(23) “Determination Date” has the meaning set forth in Section 5.1(b). 

(24) “Distribution” has the meaning set forth in the recitals hereto. 

(25) “Distribution Agreement” means the Separation and Distribution Agreement by and between LQ Parent and CPLG, dated as of
January    , 2018. 
 (26) “Distribution Date” has the meaning set forth in the Distribution Agreement.

 (27) “Due Date” means the date (taking into account all valid extensions) upon which a Tax Return is required to be filed
with or Taxes are required to be paid to a Taxing Authority, whichever is applicable. 
 (28) “Effective Registration Date”
has the meaning set forth in Section 5.1(d). 
 (29) “Effective Time” has the meaning set forth in the Distribution
Agreement. 

  
 3 

 (30) “Escrow Account” has the meaning set forth in Section 6.3. 

(31) “Estimated Statement” has the meaning set forth in Section 5.1(a). 

(32) “Expense Amount” has the meaning set forth in Section 6.3. 

(33) “Expense Amount Accountant’s Letter” has the meaning set forth in Section 6.3. 

(34) “Expense Amount Tax Opinion” has the meaning set forth in Section 6.3. 

(35) “Final Determination” means the final resolution of liability for any Tax for any taxable period, by or as a result of:

 (a) a final decision, judgment, decree or other order by any court of competent jurisdiction that can no longer be appealed to a court
other than the Supreme Court of the United States; 
 (b) a final settlement with the IRS, a closing agreement or accepted offer in
compromise under Sections 7121 or 7122 of the Code, or a comparable agreement under the Laws of other jurisdictions, which resolves the liability for the Taxes addressed in such agreement for any taxable period; 

(c) any allowance of a refund or credit in respect of an overpayment of Tax, but only after the expiration of all periods during which such
refund or credit may be recovered by the jurisdiction imposing the Tax; or 
 (d) any other final disposition, including by reason of the
expiration of the applicable statute of limitations. 
 (36) “Group” means the LQ Parent Group or the CPLG Group. 

(37) “Income Taxes” mean: 

(a) all Taxes based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital
gains, minimum tax or any Tax on items of tax preference, but not including sales, use, real, or personal property, gross or net receipts, value added, excise, leasing, transfer or similar Taxes), or (ii) multiple bases (including, but not
limited to, corporate franchise, doing business and occupation Taxes) if one or more bases upon which such Tax is determined is described in clause (a)(i) above; and 

(b) all U.S., state, local or non-U.S. franchise Taxes. 

(38) “Income Tax Returns” mean all Tax Returns that relate to Income Taxes. 

(39) “Indemnified Party” means the Party which is or may be entitled pursuant to this Agreement to receive any payments
(including reimbursement for Taxes or costs and expenses) from another Party to this Agreement. 

  
 4 

 (40) “Indemnifying Party” means the Party which is or may be required pursuant
to this Agreement to make indemnification or other payments (including reimbursement for Taxes and costs and expenses) to another Party to this Agreement. 

(41) “Intended Tax Treatment” has the meaning set forth in the recitals hereto. 

(42) “IRS” means the United States Internal Revenue Service or any successor thereto, including, but not limited to its
agents, representatives, and attorneys. 
 (43) “Issuance VWAP Value” has the meaning set forth in Section 5.1(d). 

(44) “Law” means any U.S. or non-U.S. federal, national, supranational, state,
provincial, local or similar statute, law, ordinance, regulation, rule, code, administrative pronouncement, order, requirement or rule of law (including common law), or any income tax treaty. 

(45) “LIBOR” has the meaning set forth in the Distribution Agreement. 

(46) “Losses” has the meaning assigned to the term “Indemnifiable Losses” in the Distribution Agreement. 

(47) “LQ Parent” has the meaning set forth in the preamble hereto. 

(48) “LQ Parent Common Stock” has the meaning set forth in the Distribution Agreement. 

(49) “LQ Parent Group” has the meaning set forth in the Distribution Agreement. 

(50) “LQ Parent Prepared Returns” has the meaning set forth in Section 2.1. 

(51) “LQ Parent Retained Assets” has the meaning set forth in the Distribution Agreement. 

(52) “LQ Parent Retained Business” has the meaning set forth in the Distribution Agreement. 

(53) “LQ Parent Retained Liabilities” has the meaning set forth in the Distribution Agreement. 

(54) “Negotiation Period” has the meaning set forth in Section 11.1. 

(55) “Non-Income Tax Returns” mean all Tax Returns other than Income Tax Returns. 

(56) “Nonqualifying Income” shall mean any amount that is treated as gross income for purposes of Section 856 of the Code
and which is not Qualifying Income. 
 (57) “Participating Party” has the meaning set forth in Section 8.2(c). 

(58) “Party” has the meaning set forth in the preamble hereto. 

  
 5 

 (59) “Person” means any natural person, firm, individual, corporation, business
trust, joint venture, association, company, limited liability company, partnership, or other organization or entity, whether incorporated or unincorporated, or any governmental entity. 

(60) “Plan of Reorganization” has the meaning set forth in the Distribution Agreement. 

(61) “Post-Distribution Tax Period” means a Tax period beginning and ending after the Distribution Date. 

(62) “Pre-Distribution Tax Period” means a Tax period beginning and ending on or
before the Distribution Date. 
 (63) “Protected REIT” shall mean any entity that (i) has elected to be taxed as a REIT
and (ii) either (a) is an Indemnified Party or (b) owns a direct or indirect equity interest in any Indemnified Party and is treated for purposes of Section 856 of the Code as owning all or a portion of the assets of such Indemnified
Party or as receiving all or a portion of such Indemnified Party’s income. 
 (64) “Qualifying Income” shall mean gross
income that is described in Section 856(c)(3) of the Code. 
 (65) “Registration Rights Agreement” has the meaning set
forth in Section 5.1(d). 
 (66) “Registration Statement” has the meaning set forth in Section 5.1(d). 

(67) “Registration VWAP Value” has the meaning set forth in Section 5.1(e). 

(68) “REIT” shall mean a “real estate investment trust” within the meaning of Section 856(a) of the Code. 

(69) “REIT Qualification Ruling” has the meaning set forth in Section 6.3. 

(70) “REIT Requirements” shall mean the requirements imposed on REITs pursuant to Sections 856 through and including 860
of the Code. 
 (71) “Release Document” has the meaning set forth in Section 6.3. 

(72) “Reserve Amount” means an amount equal to $240,000,000. 

(73) “SEC” means the United States Securities and Exchange Commission. 

(74) “Section 351 Transaction” has the meaning set forth in the recitals. 

(75) “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time. 
 (76) “Separated Real Estate Assets” has the meaning set forth in the
Distribution Agreement. 

  
 6 

 (77) “Separated Real Estate Businesses” has the meaning set forth in the
Distribution Agreement. 
 (78) “Share Issuance” has the meaning set forth in Section 5.1(d). 

(79) “Shares” has the meaning set forth in Section 5.1(d). 

(80) “Specified Ancillary Agreement” has the meaning set forth in the Distribution Agreement. 

(81) “Straddle Tax Period” means a Tax period beginning before the Distribution Date and ending after the Distribution Date.

 (82) “Subsidiary” has the meaning set forth in the Distribution Agreement. 

(83) “Supplemental Share Issuance” has the meaning set forth in Section 5.1(e). 

(84) “Tax” or “Taxes” means (i) all taxes, charges, fees, imposts, levies or other assessments,
including all net income, gross receipts, capital, sales, use, gains, ad valorem, value added, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment, social security, unemployment, excise, severance,
stamp, occupation, property and estimated taxes, custom duties, fees, assessments and charges of any kind whatsoever, and (ii) liability for the payment of any amount of the type described in clause (i) above arising as a result of being
(or having been) a member of any group or being (or having been) included or required to be included in any Tax Return related thereto. Whenever the term “Tax” or “Taxes” is used it shall include penalties, fines, additions to
tax and interest thereon. 
 (85) “Tax Attributes” mean for U.S. federal, state, local, and
non-U.S. Income Tax purposes, earnings and profits, tax basis, net operating and capital loss carryovers or carrybacks, alternative minimum Tax credit carryovers or carrybacks, general business credit
carryovers or carrybacks, income tax credits or credits against income tax, disqualified interest and excess limitation carryovers or carrybacks, overall foreign losses, research and experimentation credit base periods, and all other items that are
determined or computed on an affiliated group basis (as defined in Section 1504(a) of the Code determined without regard to the exclusion contained in Section 1504(b)(3) of the Code), or similar Tax items determined under applicable Tax
law. 
 (86) “Tax Benefit Actually Realized” means with respect to a Party and its Affiliates a reduction in the amount of
Taxes that are required to be paid or an increase in refund due, whether resulting from a deduction, from reduced gain or increased loss from disposition of an asset, or otherwise, such reduction or increase in refund due determined on an
“actually realized” basis. For purposes of this definition, a Party or its Affiliates will be deemed to have “actually realized” such reduction or increase in refund due at the time the amount of Taxes such Party or any of its
Affiliates is required to pay is reduced or the amount of any refund due is increased. The amount of any Tax Benefit Actually Realized shall be computed on a “with and without” basis. 

(87) “Taxing Authority” means any governmental authority or any subdivision, agency, commission, or authority thereof or any
quasi-governmental or private body having jurisdiction over the assessment, determination, collection, or imposition of any Tax (including the IRS). 

  
 7 

 (88) “Tax Returns” mean any return, report, certificate, form or similar
statement or document (including any related or supporting information or schedule attached thereto and any information return, amended tax return, claim for refund, or declaration of estimated Tax) required to be supplied to, or filed with, a
Taxing Authority in connection with the determination, assessment or collection of any Tax or the administration of any Laws, regulations, or administrative requirements relating to any Taxes. 

(89) “Tax Sharing Agreement” has the meaning set forth in Section 8.3(c). 

(90) “Treasury Regulations” mean the income tax and administrative regulations promulgated from time to time under the Code,
as in effect for the relevant Tax Period. 
 (91) “U.S.” means the United States of America. 

(92) “Valuation Shortfall” has the meaning set forth in Section 5.1(e). 

Section 1.2. References; Interpretation. Terms not otherwise defined herein shall have the meaning ascribed to them in the Distribution
Agreement. References in this Agreement to any gender include references to all genders, and references to the singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include”,
“includes”, and “including” when used in this Agreement shall be deemed to be followed by the phrase “without limitation”. Unless the context otherwise requires, references in this Agreement to Articles, Sections and
Schedules shall be deemed references to Articles and Sections of, and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof”, “hereby”, and “herein” and words of similar meaning when
used in this Agreement refer to this Agreement in its entirety and not to any particular Article, Section or provision of this Agreement. Unless the context otherwise requires, the word “stock” or “shares” refers to any equity
interests of the applicable entity for U.S. federal income tax purposes, and any references to a Person include a reference to any successor to such Person. 

Section 1.3. Effective Time. Notwithstanding that certain interrelated and intermediate internal transactions must be given effect
prior to the Distribution, the agreements contained herein, including, but not limited to, the manner in which Taxes are shared amongst the Parties, shall be effective no earlier than and only upon the Effective Time. 

ARTICLE II 

PREPARATION AND FILING OF TAX RETURNS 

Section 2.1. Responsibility to Prepare and File Pre-Distribution and Straddle Period Tax
Returns. To the extent not previously filed and subject to the rights and obligations of each of the Parties set forth herein, LQ Parent shall prepare or cause to be prepared (i) all Tax Returns required to be filed by each Party or its
Affiliates for the Pre-Distribution Tax Period and (ii) all Tax Returns required to be filed by each Party or its Affiliates for any Straddle Tax Period (the “LQ Parent Prepared
Returns”). LQ Parent shall file or cause to be filed all such LQ Parent 

  
 8 

 
Prepared Returns with the applicable Taxing Authority to the extent a member of the LQ Parent Group is responsible under applicable Law for filing such Tax Returns, and CPLG shall cooperate (or
cause its Subsidiaries to cooperate) in the filing of such Tax Returns to the extent a member of the CPLG Group is responsible for filing such Tax Returns under applicable Law. All expenses relating to the preparation and filing of LQ Parent
Prepared Returns shall be borne by LQ Parent. With respect to any LQ Parent Prepared Returns that includes any member of the CPLG Group, LQ Parent shall provide CPLG with a copy of each such proposed Tax Return (or, if such LQ Parent Prepared
Returns include members of the LQ Parent Group, solely the portion thereof relating to any member of the CPLG Group) for review and comment at least twenty (20) days prior to the filing of such Tax Return. Subject to the preceding sentence, no
later than ten (10) days after the receipt of such Tax Returns, CPLG shall have a right to comment on such LQ Parent Prepared Returns (or portions thereof) by written notice to LQ Parent; such written notice shall contain any disputed item (or
items) and the basis for the comment. If CPLG does not provide comments by proper written notice within the time period described, such Tax Return shall be deemed to have been accepted and agreed upon, and to be final and conclusive, for purposes of
this Section 2.1. If CPLG does provide comments by proper written notice within such applicable time period, LQ Parent shall consider CPLG’s comments on such Tax Return in good faith and shall include any such comments that are required to
make such Tax Return consistent with applicable Law, this Agreement, the Distribution Agreement or any other Specified Ancillary Agreement. 

Section 2.2. Responsibility of Parties to Prepare and File Post-Distribution Tax Returns. The Party or its Affiliate responsible under
applicable Law for filing a Tax Return in respect of a Post-Distribution Tax Period (in each case required to be filed after the Distribution Date) shall prepare and file or cause to be prepared and filed that Tax Return; provided that no such Tax
Return shall include any election that is retroactive to any Pre-Distribution Tax Period or Straddle Period unless required by Law. Notwithstanding the foregoing, LQ Parent may make any such election if it
would not increase any amount of Tax payable by (or reduce any amount of Tax attribute otherwise available to) a member of the CPLG Group after the Closing Date. 

Section 2.3. Time of Filing Tax Returns. Each Tax Return shall be filed on or prior to the Due Date for such Tax Return by the Party
responsible for filing such Tax Return hereunder. 
 ARTICLE III 

RESPONSIBILITY FOR PAYMENT OF TAXES 

Section 3.1. Responsibility for Payment of Taxes. LQ Parent shall be liable for and shall pay or cause to be paid (i) all Taxes
shown on any Tax Return of each Party or any member of its Group for any Pre-Distribution Tax Period, subject to Section 8.3(b), (ii) all Taxes shown on any Tax Return of LQ Parent or any member of its
Group for any Straddle Tax Period, (iii) the portion of any Taxes allocable to the period ending on the Distribution Date (determined in accordance with Section 10.2) shown on any Tax Return of CPLG or any member of its Group for any
Straddle Tax Period, and (iv) 50% of any ACA Taxes. CPLG shall be liable for and shall pay or cause to be paid (i) the portion of any Taxes allocable to the period beginning after the Distribution Date (determined in accordance with
Section 10.2) shown on any Tax Return of 

  
 9 

 
CPLG or any member of its Group for any Straddle Tax Period and (ii) 50% of any ACA Taxes. Each of LQ Parent and CPLG shall be liable for and shall pay or cause to be paid the Taxes shown on the
Tax Returns for any Post-Distribution Tax Period for which it has the responsibility to prepare under Article II to the applicable Taxing Authority. In the event the CPLG Preferred Stock is not issued in connection with the Contribution or LQ
Parent is not be able to dispose of the CPLG Preferred Stock prior to the Effective Time, (i) LQ Parent and CPLG shall be required to file consolidated U.S. federal income Tax Returns (consolidated, unitary, aggregate, combined or similar state
income Tax Returns, where applicable) for the taxable year of CPLG that includes the Distribution; (ii) such CPLG Preferred Stock, if any, shall not have terms that impose any economic costs, or have any adverse effect, on LQ Parent (and
provided that it is understood that such CPLG Preferred Stock shall (x) be non-voting stock, and (y) provide for a cash-pay coupon), and (iii) LQ Parent
shall be prohibited from distributing any CPLG Preferred Stock to its stockholders or securityholders without the prior written consent of CPLG, not to be unreasonably withheld, conditioned or delayed. Notwithstanding anything to the contrary herein
or in the Distribution Agreement, CPLG shall not be required to issue any CPLG Preferred Stock in the Contribution. 
 Section 3.2.
Reimbursement of Taxes. No later than five (5) Business Days prior to the relevant Due Date for Taxes described in Section 3.1, LQ Parent shall pay CPLG, an amount in immediately available funds equal to such Taxes to the extent
they represent Taxes shown on Tax Returns for (i) any Pre-Distribution Tax Period or (ii) the portion of any Straddle Tax Period ending on the Distribution Date (determined in accordance with
Section 10.2), in each case, for which a member of the CPLG Group has responsibility to file under applicable Law. No later than the Determination Date, CPLG shall pay to LQ Parent an amount in immediately available funds for the portion of any
Taxes for a Straddle Tax Period paid prior to the Distribution that are allocable to CPLG for the portion of any Straddle Tax Period beginning after the Distribution Date (determined in accordance with Section 10.2). 

Section 3.3. Timing of Payments of Taxes. All Taxes required to be paid or caused to be paid by a Party to a Taxing Authority pursuant
to this Article III shall be paid or caused to be paid by such Party on or prior to the Due Date of such Taxes. All amounts required to be paid by one Party to another Party pursuant to this Article III shall be paid or caused to be paid
by such first Party to such other Party in accordance with Article VII. 
 ARTICLE IV 

REFUNDS, CARRYBACKS AND AMENDED TAX RETURNS 

Section 4.1. Refunds. 

(a) Each Party shall be entitled to refunds (including any similar credit or offset of Taxes) that relate to Taxes for which it is liable
hereunder in accordance with Article III (taking into account Section 3.2) or Article VI, including any refunds (or similar credit or offset of Taxes) resulting from overpayments of estimated Taxes on or prior to the Distribution Date
in respect of a Straddle Tax Period; provided, however, that each Party shall be entitled to refunds (including any similar credit or offset of Taxes) that relate to Taxes for which it was actually liable in accordance with
Article VIII. 

  
 10 

 (b) Any refund or portion thereof to which a Party is entitled pursuant to this Section 4.1
that is received or deemed to have been received as described herein by another Party, shall be paid by such other Party to such first Party in immediately available funds in accordance with Article VII. 

Section 4.2. Amended Tax Returns. 

(a) Notwithstanding Sections 2.1 and 2.2, a Party or member of its Group that is entitled to file an amended Tax Return for a Pre-Distribution Tax Period or a Straddle Tax Period for members of its Group shall be permitted to prepare and file an amended Tax Return at its own cost and expense; provided, however, that
(i) such amended Tax Return shall be prepared in a manner consistent with the past practice of the Parties and their Affiliates unless otherwise modified by a Final Determination or required by applicable Law; and (ii) if such amended Tax
Return could result in the other Party becoming responsible for a payment of Taxes pursuant to Article III or a payment to a Party pursuant to Article VIII, such amended Tax Return shall be permitted only if the prior written consent of
such other Party is obtained. The consent of such other Party shall not be withheld unreasonably and shall be deemed to have been obtained if a Party or a member of its Group is required to file an amended Tax Return as a result of an Audit
adjustment that arose in accordance with Article VIII. 
 (b) A Party or a member of its Group that is entitled to file an amended Tax
Return for a Post-Distribution Tax Period shall be permitted to do so without the consent of any Party. 
 (c) A Party that is permitted (or
whose Group member is permitted) to file an amended Tax Return shall not be relieved of any liability for payments pursuant to this Agreement notwithstanding that another Party consented thereto. 

ARTICLE V 
 CERTAIN
PLAN OF REORGANIZATION TAX MATTERS 
 Section 5.1. Contribution Purchase Price Adjustment. 

(a) No later than ten (10) Business Days following the Distribution Date, CPLG will deliver to LQ Parent a written worksheet (the
“Estimated Statement”) setting forth in reasonable detail CPLG’s good faith reasonable estimate of the U.S. federal, state and local Income Taxes of LQ Parent (and/or CPLG in the event of a Section 351 Transaction)
attributable to the Contribution or Distribution (excluding any withholding obligation, and in each case determined for all purposes of this Agreement on a “with and without” basis) (the actual amount of such Taxes, “Contribution
Taxes”) as well as a computation thereof. The calculation of estimated Contribution Taxes shall be based on the following assumptions: (i) the Intended Tax Treatment is respected; (ii) the combined effective U.S. federal, state
and local Income Tax rate applicable to the amount of income or gain recognized by LQ Parent (and/or CPLG in the event of a Section 351 Transaction) in the Contribution or Distribution is equal to the Assumed Tax Rate; and (iii) the amount
of income or gain recognized by LQ Parent (and/or CPLG in the event of a Section 351 Transaction) for U.S. federal, state and local Income Tax purposes in the 

  
 11 

 
Contribution will (w) be based on the fair market value of the CPLG Common Stock on the first Business Day following the Distribution Date (determined based on the volume weighted average
price of shares of CPLG Common Stock on the primary securities exchange on which shares of CPLG Common Stock are listed during the period beginning at 9:30 a.m., New York City time (or such other time as is the official open of trading on such
exchange) and ending at 4:00 p.m., New York City time (or such other time as is the official close of trading on such exchange), as obtained from Bloomberg L.P. or its successor, on the first Business Day following the Distribution Date) and the
fair market value of the CPLG Preferred Stock, if any, on the date of the Contribution (determined based on the amount paid for the CPLG Preferred Stock to LQ Parent by third party purchasers, if applicable), (x) take into account the total amount
of cash received by LQ Parent in the Contribution (taking into account the Cash Payment (as defined in the Distribution Agreement), (y) take into account the total amount of liabilities assumed or deemed assumed for U.S. federal Income Tax purposes
by CPLG in the Contribution and (z) initially ignore any payments to be made by LQ Parent or CPLG under Section 5.1(b). No later than twenty (20) Business Days after the receipt of such Estimated Statement, LQ Parent shall have a
right to object to such Estimated Statement by written notice to CPLG; such written notice shall contain such disputed item (or items) and the basis for its objection. The Parties shall act in good faith to resolve any such dispute as promptly as
practicable. If the Parties have not reached a final resolution with respect to all disputed items for which proper written notice was given within ten (10) Business Days of written notice being provided to CPLG, then any disputed issues shall
be submitted to a Big Four Accounting Firm mutually agreed upon by the Parties for a final binding resolution; provided that if no Big Four Accounting Firm is willing or able to resolve such disputed issues, such disputed issues shall be
submitted to a nationally recognized accounting firm mutually agreed upon by the Parties for a final binding resolution. The Parties shall cooperate in good faith to promptly update the estimated Contribution Taxes as otherwise determined pursuant
to this Section 5.1(a) to reflect any payments made under Section 3.7 of the Distribution Agreement; provided that in the event the Parties are not able to so agree upon such update, any disagreement shall be submitted to a Big Four
Accounting Firm (or a nationally recognized accounting firm, as applicable) in accordance with the procedures described in the previous sentence. 

(b) If (i) the Reserve Amount is greater than the estimated Contribution Taxes, LQ Parent will pay to CPLG an amount equal to the
difference between the Reserve Amount minus the estimated Contribution Taxes; and (ii) the Reserve Amount is less than the estimated Contribution Taxes, CPLG will pay to LQ Parent an amount equal to the difference between the estimated
Contribution Taxes minus the Reserve Amount. Any payments under this Section 5.1(b) or Section 3.7 of the Distribution Agreement shall be deemed to increase the amount recognized (in the case of payments by CPLG to LQ Parent) or decrease
the amount recognized (in the case of payments by LQ Parent to CPLG) for purposes of calculating the amount of Contribution Taxes, and additional amounts shall be paid by CPLG or LQ Parent (as the case may be) on an iterative basis (consistent with
assumptions described in clauses (i), (ii), (iii)(w), (iii)(x) and (iii)(y) of Section 5.1(a)) to reflect such increase or decrease in the amount of Contribution Taxes. For the avoidance of doubt, any Share Issuance pursuant to
Section 5.1(d) shall be deemed to have a value equal to the amount of the payment to be satisfied by CPLG with such Share Issuance. Following the date of the final determination of Contribution Taxes in accordance with Section 5.1(a)
(including, for the avoidance of doubt, the final sentence thereof) (the “Determination Date”), any payments required to be made under this Section 5.1(b) shall be made in accordance with Section 5.1(d). 

  
 12 

 (c) For the avoidance of doubt, unless otherwise provided in this Agreement, any obligation to
make a payment pursuant to Section 5.1(b) shall not be deemed to imply that a Party is responsible for any Taxes for purposes of Article VI or otherwise under this Agreement. 

(d) Any amounts required to be paid by LQ Parent to CPLG under Section 5.1(b) shall be paid to CPLG in cash within five (5) Business
Days of the Determination Date. Any amounts required to be paid by CPLG to LQ Parent under Section 5.1(b) shall be paid, at CPLG’s election, (i) in cash within five (5) Business Days of the Determination Date, or (ii) with
respect to all or any portion of such amount, in the form of a number of shares of CPLG Common Stock (rounded up to the nearest full share) equal to the product of (I) 1.05, multiplied by (II) the quotient of (A) the amount of such
required payment (or such portion thereof to be paid in shares) divided by (B) the arithmetic average of the per share volume weighted average price of shares of CPLG Common Stock on the primary securities exchange on which shares of CPLG
Common Stock are listed during the period beginning at 9:30 a.m., New York City time (or such other time as is the official open of trading on such exchange) and ending at 4:00 p.m., New York City time (or such other time as is the official close of
trading on such exchange), as obtained from Bloomberg L.P. or its successor, for the ten (10) consecutive trading day period ending on and including the trading day immediately prior to the Determination Date (the “Shares”, and
any such payment pursuant to this clause (ii), a “Share Issuance”, and the calculated per share volume weighed average price the “Issuance VWAP Value”). In the event that CPLG elects to make a Share Issuance, CPLG
shall, if requested in accordance with the Registration Rights Agreement (as defined below), use its reasonable best efforts to (i) prepare and file with the SEC, at CPLG’s expense, a resale registration statement for an offering to be
made pursuant to Rule 415 under the Securities Act on Form S-11 or, if CPLG is so eligible, on Form S-3 (or any successor rule or form thereto), or amend an existing
registration statement so that it is usable for the disposition of such Shares or (ii) file a prospectus supplement deemed to be a part of an existing registration statement in accordance with Rule 430B under the Securities Act that is usable
for the disposition of such Shares (as applicable, a “Registration Statement”), in each case subject to the terms and conditions set forth in a registration rights agreement between CPLG and LQ Parent in substantially the form
attached hereto as Exhibit A (the “Registration Rights Agreement”), and CPLG shall use its reasonable best efforts to cause such Registration Statement to be declared effective by the SEC or otherwise become effective under
the Securities Act as promptly as reasonably practicable after the filing thereof (the date upon which such Registration Statement becomes effective or, if later (in the event a suspension period commences prior to the Registration Statement
becoming effective and ends after the Registration Statement becoming Effective), the date on which use of such Registration Statement is no longer suspended, the “Effective Registration Date”). Within two (2) Business Days of
the Determination Date, CPLG shall deliver (or cause the delivery of) the Shares to be issued pursuant to such Share Issuance in book entry form to LQ Parent or to a custodian designated by LQ Parent, as applicable. Concurrently with or prior to
such delivery of Shares, LQ Parent and CPLG shall enter into the Registration Rights Agreement. All Shares (including, if applicable, the Supplemental Share Issuance referred to below) shall be free and clear of any Security Interest (as defined in
the Distribution Agreement) and subject to, and governed by, the Registration Rights Agreement. CPLG shall be responsible for any registration fees and expenses, listing fees or transfer agent fees with respect to the issuance of Shares in
accordance with this Section 5.1(d). 

  
 13 

 (e) At the Effective Registration Date, CPLG will (in good faith consultation with LQ Parent)
calculate the arithmetic average of the per share volume weighted average price of shares of CPLG Common Stock on the primary securities exchange on which shares of CPLG Common Stock are listed during the period beginning at 9:30 a.m., New York City
time (or such other time as is the official open of trading on such exchange) and ending at 4:00 p.m., New York City time (or such other time as is the official close of trading on such exchange), as obtained from Bloomberg L.P. or its successor,
for the ten (10) consecutive trading day period ending on and including the trading day immediately prior to the Effective Registration Date (the “Registration VWAP Value”). If the product of the Registration VWAP Value
multiplied by the number of shares of CPLG Common Stock issued as part of the Share Issuance is less than the product of the Issuance VWAP Value multiplied by the number of shares of CPLG Common Stock issued as part of the Share Issuance (such
difference, the “Valuation Shortfall”), CPLG will promptly (and in any event within two (2) Business Days), at CPLG’s election, either (i) pay to LQ Parent an amount in cash equal to the Valuation Shortfall, or
(ii) deliver (or cause the delivery of) in book entry form (to LQ Parent or to a custodian designated by LQ Parent, as applicable) to LQ Parent a number of shares of CPLG Common Stock (rounded up to the nearest full share) equal to the
Valuation Shortfall divided by the Registration VWAP Value (such shares the “Supplemental Share Issuance”). In the event that CPLG elects to make a Supplemental Share Issuance, CPLG shall use its reasonable best efforts to prepare
and file with the SEC, at CPLG’s expense, a Registration Statement with respect to the Shares issued in the Supplemental Share Issuance and CPLG shall use its reasonable best efforts to cause such Registration Statement to be declared effective
by the SEC or otherwise become effective under the Securities Act as promptly as reasonably practicable after the filing thereof and in any event no later than thirty (30) days after the Supplemental Share Issuance. Concurrently with or prior
to such delivery of the shares the subject of the Supplemental Share Issuance, LQ Parent and CPLG shall enter into the Registration Rights Agreement. 

Section 5.2. Consistency. Each Party shall file or prepare any Tax Return which it is responsible for filing or preparing under this
Agreement consistent with the Intended Tax Treatment unless otherwise required by a Final Determination. 
 Section 5.3.
Section 336(e) Election. LQ Parent and CPLG shall make an election under Section 336(e) of the Code (and any similar election under state or local law) with respect to the Distribution in accordance with Treasury
Regulation Section 1.336-2(h) (and any applicable provisions under state and local law), and the Parties shall cooperate in the timely completion and/or filings of such elections and any related filings
or procedures. This Section 5.3 is intended to constitute binding, written agreements to make an election under Section 336(e) of the Code with respect to the Distribution. 

  
 14 

 ARTICLE VI 

INDEMNIFICATION 
 Section
6.1. Indemnification Obligations of LQ Parent. LQ Parent shall indemnify CPLG and its Affiliates and hold the Indemnified Party harmless from and against (without duplication): 

(a) all Taxes and other amounts for which the LQ Parent Group is responsible under this Agreement and any related Losses; and 

(b) all Taxes and Losses attributable to a breach of any covenant or obligation of LQ Parent under this Agreement. 

Section 6.2. Indemnification Obligations of CPLG. CPLG shall indemnify LQ Parent and its Affiliates and hold the Indemnified Party
harmless from and against (without duplication): 
 (a) all Taxes and other amounts for which the CPLG Group is responsible under this
Agreement and any related Losses; and 
 (b) all Taxes and Losses attributable to a breach of any covenant or obligation of CPLG under this
Agreement. 
 Section 6.3. Protected REITs. Notwithstanding anything to the contrary in this Agreement, in the event that counsel or
independent accountants for a Protected REIT determine in writing that there exists a material risk that any indemnification payments due under this Agreement would be treated as Nonqualifying Income (or such indemnification payments would otherwise
affect the Protected REIT’s status as a REIT) upon the payment of such amounts to the relevant Indemnified Party, the amount paid to the Indemnified Party pursuant to this Agreement in any tax year shall not exceed the maximum amount that can
be paid to the Indemnified Party in such year without causing the Protected REIT to fail to meet the REIT Requirements for any tax year, determined as if the payment of such amount were Nonqualifying Income (or such indemnification payments would
otherwise affect the Protected REIT’s status as a REIT) as determined by such counsel or independent accountants to the Protected REIT. If the amount payable for any tax year pursuant to the preceding sentence is less than the amount which the
relevant Indemnifying Party would otherwise be obligated to pay to the relevant Indemnified Party pursuant to this Agreement (the “Expense Amount”), then: (1) the Indemnifying Party shall place the Expense Amount into an escrow
account (the “Escrow Account”) using an escrow agent and agreement reasonably acceptable to the Indemnified Party (which shall include that (y) the amount in the Escrow Account shall be treated as the property of the
Indemnifying Party, unless it is released from such Escrow Account to the Indemnified Party, and (z) (A) all income earned upon the amount in the Escrow Account shall be treated as the property of the Indemnifying Party and reported, as and to
the extent required by applicable Law, by the escrow agent to the IRS, or any other taxing authority, on IRS Form 1099 or 1042S (or other appropriate form) as income earned by the Indemnifying Party whether or not said income has been distributed
during such taxable year, and (B) the Indemnifying Party will be entitled to 

  
 15 

 
customary quarterly tax distributions with respect to any income earned on the Escrow Account, and the escrow agent shall not release any portion thereof to the Indemnified Party, and the
Indemnified Party shall not be entitled to any such amount, unless and until the Indemnified Party, at its own cost and expense, delivers to the Indemnifying Party, at the sole option of the relevant Protected REIT, (i) an opinion (an
“Expense Amount Tax Opinion”) of the Protected REIT’s tax counsel to the effect that such amount, if and to the extent paid, would not constitute Nonqualifying Income (or such amount would not otherwise affect the Protected
REIT’s status as a REIT), (ii) a letter (an “Expense Amount Accountant’s Letter”) from the Protected REIT’s independent accountants indicating the maximum portion of the Expense Amount that can be paid at that time to
the Indemnified Party without causing the Protected REIT to fail to meet the REIT Requirements for any relevant taxable year, or (iii) a private letter ruling issued by the IRS to the Protected REIT indicating that the receipt of any Expense
Amount hereunder will not cause the Protected REIT to fail to satisfy the REIT Requirements (a “REIT Qualification Ruling” and, collectively with an Expense Amount Tax Opinion and an Expense Amount Accountant’s Letter, a
“Release Document”); (2) pending the delivery of a Release Document by the Indemnified Party to the Indemnifying Party, the Indemnified Party shall have the right, but not the obligation, to borrow the Expense Amount from the Escrow
Account pursuant to a loan agreement reasonably acceptable to the Indemnified Party that (i) requires the Indemnifying Party to lend the Indemnified Party immediately available cash proceeds in an amount equal to the Expense Amount, and
(ii) provides for (A) a commercially reasonable interest rate and commercially reasonable covenants, taking into account the credit standing and profile of the Indemnified Party or any guarantor of the Indemnified Party, including the
Protected REIT, at the time of such loan, and (B) a fifteen (15) year maturity with no periodic amortization; and (3) the Indemnified Party shall bear all costs and expenses with respect to the escrow as contemplated by clauses
(1) and (2) in this Section 6.3. Except as otherwise provided for in this Section 6.3(c), all of the benefits of the Expense Amount will inure to the Indemnified Party and the Indemnified Party will bear (and indemnify the
Indemnifying Party for) all risk of loss relating to the Expense Amount. 
 ARTICLE VII 

PAYMENTS 
 Section 7.1.
Payments. 
 (a) General. In the event that an Indemnifying Party is required to make a payment to an Indemnified Party
pursuant to this Agreement, such payment shall be made to the Indemnified Party within the time prescribed for payment in this Agreement, or if no period is prescribed, within twenty (20) days after delivery of written notice of payment owing
together with a computation of the amounts due. If the Indemnifying Party fails to make a payment to the Indemnified Party within the time period set forth in this Section 7.1 or as otherwise provided in this Agreement, such Indemnifying Party
shall pay to the Indemnified Party interest that accrues (at a rate equal to LIBOR) on the amount of such payment from the time that such payment was due to the Indemnified Party until the date that payment is actually made to the Indemnified
Party; provided, however, that this provision for interest shall not be construed to give the Indemnifying Party the right to defer payment beyond the due date hereunder. 

  
 16 

 (b) Right of Setoff. It is expressly understood that an Indemnifying Party is hereby
authorized to set off and apply any and all amounts required to be paid to an Indemnified Party pursuant to this Section 7.1 against any and all of the obligations of the Indemnified Party to the Indemnifying Party arising under this
Section 7.1 that are then either due and payable or past due, irrespective of whether such Indemnifying Party has made any demand for payment with respect to such obligations. 

Section 7.2. Treatment of Payments Made Pursuant to Tax Matters Agreement. Unless otherwise required by a Final Determination or this
Agreement or otherwise agreed to by the Parties, for U.S. federal Tax purposes, any payment (other than payments of interest pursuant to Section 7.1(a)) made pursuant to this Agreement shall be treated by all Parties for all Tax purposes as a
purchase price adjustment to the Contribution. None of the Parties shall take any position inconsistent with such treatment unless required by a Final Determination. If a Taxing Authority asserts that a Party’s treatment of a payment pursuant
to this Agreement should be other than as required pursuant to this Agreement, such Party shall use its commercially reasonable efforts to contest such challenge. 

Section 7.3. Payments Net of Tax Benefit Actually Realized and Tax Cost. All amounts required to be paid by one Party to another
pursuant to this Agreement or the Distribution Agreement shall be reduced by the Tax Benefit Actually Realized by the Indemnified Party or its Affiliates in the taxable year the payment is made or any prior taxable year as a result of the claim
giving rise to the payment. If the receipt or accrual of any such payment (other than payments of interest pursuant to Section 10.12 of the Distribution Agreement or Section 7.1(a)) results in taxable income to the Indemnified Party or its
Affiliates, such payment shall be increased so that, after the payment of any Taxes with respect to the payment, the Indemnified Party or its Affiliates shall have realized the same net amount it would have realized had the payment not resulted in
taxable income; provided that the Parties acknowledge and agree that any amount paid from LQ Parent to CPLG or any of its Affiliates and treated as an adjustment to purchase price in accordance with Section 7.2 shall not be treated as
resulting in taxable income to CPLG or any of its Affiliates. Notwithstanding the foregoing, this Section 7.3 shall not apply to any payment made pursuant to Section 5.1(b). 

ARTICLE VIII 

AUDITS 
 Section 8.1.
Notice. Within twenty (20) Business Days after a Party or any of its Affiliates receives a written notice from a Taxing Authority of the existence of an Audit that may require indemnification pursuant to this Agreement, that Party shall
notify the other Party of such receipt and send such notice to the other Party via overnight mail. The failure of one Party to notify another Party of an Audit shall not relieve such other Party of any liability and/or obligation that it may have
under this Agreement, except to the extent that the Indemnifying Party’s rights under this Agreement are materially prejudiced by such failure. 

Section 8.2. Audits. 
 (a)
Determination of Administering Party. 

  
 17 

 (i) Subject to Sections 8.2(a), 8.2(b) and 8.2(c), LQ Parent shall administer and control
all Audits with respect to Tax Returns of members of the LQ Parent Group, all Audits with respect to Tax Returns of members of the LQ Parent Group or CPLG Group for Straddle Tax Periods, and all Audits with respect to Tax Returns of members of the
CPLG Group for any Pre-Distribution Tax Period. Except as provided in the previous sentence, CPLG shall administer and control all Audits with respect to Tax Returns of members of the CPLG Group. 

(ii) Notwithstanding anything to the contrary in this Section 8.2, CPLG shall administer and control all Audits addressed in Schedule A.

 (b) Administration and Control; Cooperation. 

(i) Subject to Section 8.2(c), the Audit Management Party shall have absolute authority to make all decisions (determined in its sole
discretion) with respect to the administration and control of such Audit (or portion thereof), including the selection of all external advisors. In that regard, the Audit Management Party (a) may in its sole discretion settle or otherwise
determine not to continue to contest any issue related to such Audit without the consent of the other Party, and (b) shall, as soon as reasonably practicable and prior to settlement of an issue that could cause the other Party to become
responsible for Taxes under Section 8.3, notify the Audit Representatives of the other Party of such settlement. The other Party shall (and shall cause its Subsidiaries to) undertake all actions and execute all documents (including an extension
of the applicable statute of limitations) that are determined in the sole discretion of the Audit Management Party to be necessary to effectuate such administration and control. Each Party shall act in good faith and use their reasonable best
efforts to cooperate fully with the other Party (and their Affiliates) in connection with such Audit and shall provide or cause their Subsidiaries to provide such information to each other as may be necessary or useful with respect to such Audit in
a timely manner, identify and provide access to potential witnesses, and other persons with knowledge and other information within its control and reasonably necessary to the resolution of the Audit. 

(c) Participation Rights of Parties and Information Sharing with respect to Audits. 

(i) Each Party that would be responsible under Section 8.3 for a material amount of Taxes directly resulting from an Audit (other than
the Audit Management Party) (a “Participating Party”) shall have the rights as set forth in this Section 8.2(c) with respect to such Audit. Upon the reasonable request of a Participating Party, the Audit Management Party shall
make available relevant personnel and external advisors to meet with the Participating Party and its independent auditor in order to review the status of the Audits. The Participating Party shall provide the Audit Management Party with reasonable
notice of such requested meetings or information. 
 (ii) The Participating Party shall have access to any written documentation in the
possession of the Audit Management Party that pertains to the Audit (including any written summaries of issues that the Audit Management Party has developed in the context of evaluating the financial reporting of the Audit); provided,
however, that if documentation was prepared solely by or on behalf of a Party, then the documentation must relate to the joint defense of the Audit. Copies of the documentation will be made available to the Participating Party at its sole
cost and expense. 

  
 18 

 (iii) The Participating Party may elect to employ separate counsel to advise the Participating
Party as additional counsel in or in connection with an Audit, but in that event, the fees and expenses of the separate counsel shall be paid solely by the Participating Party. The Audit Management Party shall in good faith consider all advice and
other input received from the Participating Party in connection with its consultations with respect to an Audit. However, the Audit Management Party shall retain the sole authority to make all Audit decisions. In that regard, the Participating Party
and its separate counsels shall not be allowed to participate in any Audit-related meetings other than those described in (i), (ii) or (iii) above, respond directly to a Taxing Authority conducting the Audit, or in any manner control resolution
of the Audit. Notwithstanding the foregoing, the Audit Management Party shall not settle, concede or resolve the Audit in a manner that would subject the Participating Party to any obligation to indemnify the Audit Management Party pursuant to this
Agreement, pay any amount of Tax, or bind the Participating Party to any agreement or Tax position with respect to a Post-Distribution Period without the prior written consent of the Participating Party, not to be unreasonably withheld, conditioned
or delayed. 
 (d) Power of Attorney/Officer Signature. Each Party hereby appoints (and shall cause its Subsidiaries to appoint) the
Audit Management Party (and its designated representatives) as its agent and attorney-in-fact to take the actions the Audit Management Party deems necessary or
appropriate to implement the responsibilities of the Audit Management Party under this Agreement. Each Party also shall (or shall cause its Subsidiaries to) execute and deliver to the Audit Management Party a power of attorney and such other
documents as are reasonably requested from time to time by the Audit Management Party (or its designee). 
 Section 8.3. Payment of Audit
Amounts. 
 (a) Except as set forth in Section 8.3(b) or (c), LQ Parent shall be liable for and shall pay or cause to be paid to the
applicable Taxing Authority (i) all Taxes owed in connection with any Audit of any Tax Return of each Party or any member of its Group for any Pre-Distribution Tax Period, (ii) all Taxes owed in
connection with any Audit of any Tax Return of LQ Parent or any member of its Group for any Straddle Tax Period or any Post-Distribution Tax Period, and (iii) the portion of any Taxes allocable to the period ending on the Distribution Date
(determined in accordance with Section 10.2) owed in connection with any Audit of any Tax Return of CPLG or any member of the CPLG Group for any Straddle Tax Period. Except as set forth in Section 8.3(c), CPLG shall be liable for and shall
pay or cause to be paid (A) the portion of any Taxes allocable to the period beginning after the Distribution Date (determined in accordance with Section 10.2) owed in connection with any Audit of any Tax Return of CPLG or any member of
its Group for any Straddle Tax Period, and (B) all Taxes owed in connection with any Tax Return of CPLG or any member of the CPLG Group for any Post-Distribution Tax Period. 

  
 19 

 (b) CPLG shall be liable for and shall pay or cause to be paid to the applicable Taxing Authority
any amount owed in connection with any Audit of any matter addressed in Schedule A. 
 (c) Third Party Indemnity Payments. Any benefit
or liability resulting from any Tax sharing, contractual indemnity agreements or similar agreements, written or unwritten, as between any of the Parties or their respective Subsidiaries, on the one hand, and any other third party, on the other hand
(other than the Distribution Agreement, this Agreement or any other Specified Ancillary Agreement) (“Tax Sharing Agreements”), shall remain the benefit or liability of such Party or its respective Subsidiary. No Party (or other
Indemnified Party) shall be entitled to indemnification under this Agreement in respect of Taxes to the extent such Party or one of its Subsidiaries is indemnified under any Tax Sharing Agreement, and the Parties shall (and shall cause their
Subsidiaries to) use commercially reasonable efforts to pursue any indemnification rights under any Tax Sharing Agreement if such indemnification would reduce the other Party’s responsibility for such Taxes under this Agreement. 

ARTICLE IX 

COOPERATION AND EXCHANGE OF INFORMATION 

Section 9.1. Cooperation and Exchange of Information. The Parties shall each cooperate fully (and each shall cause its respective
Subsidiaries to cooperate fully) and in a timely manner (considering the other Party’s normal internal processing or reporting requirements) with all reasonable requests in writing from another Party hereto, or from an agent, representative, or
advisor to such Party, in connection with the preparation and filing of Tax Returns, claims for refund, Audits, determinations of Tax Attributes and the calculation of Taxes or other amounts required to be paid hereunder, and any applicable
financial reporting requirements of a Party or its Affiliates, in each case, related or attributable to or arising in connection with Taxes or Tax Attributes of any of the Parties or their respective Subsidiaries covered by this Agreement. Such
cooperation shall include, without limitation: 
 (a) the retention until the expiration of the applicable statute of limitations or, if
later, until the expiration of all relevant Tax Attributes (in each case taking into account all waivers and extensions), and the provision upon request, of Tax Returns of the Parties and their respective Subsidiaries for periods up to and including
the Distribution Date, books, records (including information regarding ownership and Tax basis of property), documentation, and other information relating to such Tax Returns, including accompanying schedules, related work papers, and documents
relating to rulings or other determinations by Taxing Authorities; 
 (b) the execution of any document that may be necessary in connection
with any Audit of any of the Parties or their respective Subsidiaries, or the filing of a Tax Return or refund claim of the Parties or any of their respective Subsidiaries (including the signature of an officer of a Party or its Subsidiary); 

(c) the use of the Party’s reasonable efforts to obtain any documentation and provide additional facts as requested by another Party that
may be necessary in connection with any of the foregoing (including without limitation any information contained in Tax or other financial information databases); and 

  
 20 

 (d) the use of the Party’s reasonable efforts to obtain any Tax Returns (including
accompanying schedules, related work papers, and documents), documents, books, records, or other information that may be necessary in connection with the preparation of any Tax Returns of any of the Parties or their Affiliates. 

Each Party shall make its and its Subsidiaries’ employees and facilities available on a reasonable and mutually convenient basis in
connection with the foregoing matters. Except for costs and expenses otherwise allocated between the Parties pursuant to this Agreement, no reimbursement shall be made for costs and expenses incurred by the Parties as a result of cooperating
pursuant to this Section 9.1. 
 Notwithstanding the foregoing, no Party shall be required, pursuant to this Article IX, to share
any information or records relating to any Person other than the Parties and their applicable Subsidiaries, or to provide any such information regarding the Post-Distribution operation of the LQ Parent Retained Business or the Separated Real Estate
Business, as applicable. 
 Section 9.2. Retention of Records. Subject to Section 9.1, if any of the Parties or their respective
Subsidiaries intends to dispose of any documentation relating to the Taxes of the Parties or their respective Subsidiaries for which another Party to this Agreement may be responsible pursuant to the terms of this Agreement (including, without
limitation, Tax Returns, books, records, documentation, and other information, accompanying schedules, related work papers, and documents relating to rulings or other determinations by Taxing Authorities), such Party shall or shall cause written
notice to the other Parties describing the documentation to be destroyed or disposed of sixty (60) Business Days prior to taking such action. The other Parties may arrange to take delivery of the documentation described in the notice at their
expense during the succeeding sixty (60) Business Day period. 
 ARTICLE X 

ALLOCATION OF TAX ATTRIBUTES AND OTHER TAX MATTERS 

Section 10.1. Allocation of Tax Attributes. LQ Parent shall in good faith advise CPLG in writing of the portion, if any, of any Tax
Attributes, earnings and profits, or other consolidated, combined or unitary attribute that LQ Parent determines shall be allocated or apportioned to each Group under applicable Law; provided, however, that such determination shall be
made in a manner that is: (a) reasonably consistent with the past practices of the Parties; and (b) in accordance with the rules prescribed by applicable Law, including the Code and the Treasury Regulations. LQ Parent agrees to provide
CPLG with all of the information supporting the Tax Attribute and other determinations made by LQ Parent pursuant to this Section 10.1. 

Section 10.2. Allocation of Tax Items. All determinations for purposes of this Agreement regarding the allocation of Income Tax items
or items relating to Taxes based upon or related to receipts or occupancy or imposed in connection with any sale or other transfer or assignment of property between the portion of a Straddle Tax Period that ends on the 

  
 21 

 
Distribution Date and the portion that begins the day after the Distribution Date shall be made based on a closing of the books method under the principles of Treasury Regulation 1.1502-76 (and any similar rule under U.S. state, local or non-U.S. Law) as determined by LQ Parent, unless in each case the Parties agree in writing otherwise;
provided, however, any Taxes in respect of actions taken outside the ordinary course of business on the Distribution Date but after the Distribution that do not comply with the last sentence of this Section 10.2 shall be deemed to
arise the day after the Distribution. All determinations for purposes of this Agreement regarding the allocation of Tax items relating to Taxes not described in the sentence above (such as real or personal property Taxes) between the portion of a
Straddle Tax Period that ends on the Distribution Date and the portion that begins the day after the Distribution Date shall be made based on the number of days in each respective period, unless in each case the Parties agree otherwise. Except for
the transactions contemplated in the Plan of Reorganization, CPLG shall not (and shall not permit any member of its Group to) take any action outside the ordinary course of business on the Distribution Date but after the Distribution. 

ARTICLE XI 

DISPUTE RESOLUTION 

Section 11.1. Negotiation. In the event of a dispute arising out of or in connection with this Agreement (including its interpretation,
performance or validity) (collectively, “Agreement Disputes”), the senior tax officers of the Parties (or such other individuals designated thereby) shall negotiate for a maximum of 21 days (or a mutually-agreed extension) (such
period of days, the “Negotiation Period”) from the time of receipt by a Party of written notice of such Agreement Dispute. The Parties shall not assert the defenses of statute of limitations and laches for any delays arising due to
the procedures in Sections 11.1 or 11.2. 
 Section 11.2. Mediation. If the Parties have not timely resolved the Agreement Dispute
under Section 11.1, the Parties agree to submit the Agreement Dispute to mediation no later than 10 days following the end of the Negotiation Period, with such mediation to be conducted in accordance with the Mediation Procedure of the
International Institute for Conflict Prevention and Resolution (“CPR”). The Parties agree to bear equally the CPR and mediator’s costs for same. The Parties agree to participate in good faith in the mediation for a maximum of
14 days (or a mutually agreed extension). If the Parties have not timely resolved the Agreement Dispute pursuant to this Section 11.2, either Party may then bring an action in accordance with Sections 12.15 and 12.16 herein. 

Section 11.3. Confidentiality. All information and communications between the Parties relating to an Agreement Dispute and/or under the
procedures in Sections 11.1 and 11.2 shall be considered “Confidential Information” for which the provisions of Section 7.6 of the Distribution Agreement shall apply herein, mutatis mutandis. 

Section 11.4. Continuity of Performance. Unless otherwise agreed in writing, the Parties shall continue to perform under this Agreement
during the course of dispute resolution under this Article XI with respect to all matters not subject thereto. 

  
 22 

 ARTICLE XII 

MISCELLANEOUS 
 Section
12.1. Counterparts. This Agreement may be executed in more than one counterpart, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the
Parties and delivered to the other Parties. 
 Section 12.2. Survival. Except as otherwise contemplated by this Agreement or the
Distribution Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Distribution Date and remain in full force and effect in accordance with their applicable terms; provided, however, that
all indemnification for Taxes shall survive until ninety (90) days following the expiration of the statute of limitations applicable to the underlying Tax (taking into account all extensions thereof), if any, of the Tax that gave rise to the
indemnification; provided, further, that, if notice for indemnification has been given within the applicable survival period, such indemnification shall survive until such time as such claim is finally resolved. 

Section 12.3. Notices. All notices, requests, claims, demands, and other communications under this Agreement shall be in English, shall
be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight
courier service), by registered or certified mail (postage prepaid, return receipt requested) or by e-mail to the respective Parties at the following addresses (or at such other address for a Party as shall be
specified in a notice given in accordance with this Section 12.3): 
 To LQ Parent: 

La Quinta Holdings Inc. 
 909
Hidden Ridge, Suite 600 
 Irving, Texas 75038 

Attn: Paul Cash 
 Email:
paul.cash@wyndham.com 
 Phone: (973) 753-6333 

Facsimile: (973) 753-6207 
 with
a copy (which shall not constitute notice) to: 
 Wyndham Hotel Group, LLC 

22 Sylvan Way Parsippany, NJ 07054 

Attn: Chief Operating Officer 

  
 23 

 Facsimile: (973) 753-6760 

- and - 
 Wyndham Hotel Group,
LLC 
 22 Sylvan Way Parsippany, NJ 07054 

Attn: General Counsel, Wyndham Hotel Group 

Facsimile: (973) 753-6760. 

To CPLG: 
 CorePoint Lodging
Inc. 
 909 Hidden Ridge, Suite 600 

Irving, Texas 75038 
 Attn: Mark
Chloupek 
 Email: Mark.Chloupek@corepoint.com 

Phone: (972) 893-3199 
 Facsimile:
(972) 893-3499 
 with a copy (which shall not constitute notice) to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
NY 10017 
 Attn: Eric M. Swedenburg 

Email: ESwedenburg@stblaw.com 

Phone: (212) 455-2225 
 Facsimile:
(212) 455-2502 
 Section 12.4. Waivers. Any consent required or permitted to be given by any Party to the other Parties under this
Agreement shall be in writing and signed by the Party giving such consent and shall be effective only against such Party (and its Group). Notwithstanding the foregoing, prior to the Effective Time, no waiver of any provision hereof or consent
required or permitted to be given by LQ Parent under this Agreement, or failure of LQ Parent to require performance by any CPLG or any member of its Group of any provision in this Agreement, shall be permitted without the prior written consent of
Buyer (not to be unreasonably withheld, conditioned or delayed). 
 Section 12.5. Assignment. This Agreement may not be assigned
without the express prior written consent of the other Parties and Buyer, and any attempted assignment, without such consents, will be null and void; provided, however, that this Agreement shall be assignable in whole in connection
with a merger or consolidation or the sale of all or substantially all the assets of a Party hereto so long as the resulting, surviving or transferee entity assumes all the obligations of the relevant Party hereto by operation of law or pursuant to
an agreement in form and substance reasonably satisfactory to the other Parties to this Agreement. 

  
 24 

 Section 12.6. Successors and Assigns. The provisions of this Agreement and the obligations
and rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted transferees and assigns. 

Section 12.7. Termination and Amendment. This Agreement (including indemnification obligations hereunder) may be terminated, modified
or amended and each Distribution may be amended, modified or abandoned at any time prior to the Effective Time by and in the sole discretion of LQ Parent without the approval of CPLG or the stockholders of LQ Parent; provided, that the prior written
consent of Buyer (not to be unreasonably withheld, conditioned or delayed) will be required for any termination, modification or amendment of this Agreement and/or any amendment, modification or abandonment of the Distribution. In the event of such
termination, no Party shall have any liability of any kind to any other Party or any other Person. After the Effective Time, this Agreement may not be terminated, modified or amended except by an agreement in writing signed by a duly authorized
representative of each of LQ Parent and CPLG. 
 Section 12.8. No Circumvention. The Parties agree not to directly or indirectly take
any actions, act in concert with any Person who takes an action, or cause or allow any member of any such Party’s Group to take any actions (including the failure to take a reasonable action), such that the resulting effect is to undermine
materially the effectiveness of any of the provisions of this Agreement. 
 Section 12.9. Subsidiaries. Each of the Parties shall
cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such Party or by any entity that becomes a Subsidiary of such Party on and after the
Effective Time, to the extent such Subsidiary remains a Subsidiary of the applicable Party. 
 Section 12.10. Third Party
Beneficiaries. Except for Buyer (and any entity to which Buyer assigns its rights in accordance with Section 8.7 of the Merger Agreement), who is an intended third party beneficiary of this Agreement, this Agreement is solely for the
benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

Section 12.11. Title and Headings. Titles and headings to sections herein are inserted for the convenience of reference only and are
not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 Section 12.12. Schedules. The Schedules
shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 

Section 12.13. Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions
and provisions of this Agreement, the Party who is or is to be thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief of its rights under this Agreement, in addition to any and all other rights 

  
 25 

 
and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary damages,
may be inadequate compensation for any loss and that the Parties may be irreparably harmed as a result. Accordingly, any defense in any action for specific performance that a remedy at law would be adequate is waived. Any requirements for the
securing or posting of any bond with such remedy are waived by the Parties to this Agreement. 
 Section 12.14. Governing Law. This
Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware without reference to any choice-of-law or conflicts of law principles
that would result in the application of the laws of a different jurisdiction. 
 Section 12.15. Consent to Jurisdiction. Each Party
irrevocably submits to the exclusive jurisdiction of (a) the Court of Chancery of the State of Delaware or (b) if such court does not have subject matter jurisdiction, any other state or federal court located within the County of New
Castle in the State of Delaware, to resolve any Agreement Dispute that is not resolved pursuant to Sections 12.1 or 12.2. Any judgment of such court may be enforced by any court of competent jurisdiction. Further, notwithstanding
Sections 12.1 and 12.2, either Party may apply to the above courts set forth in Section 12.15(a) and 12.15(b) above for a temporary restraining order or similar emergency relief during the process set forth in Sections 12.1 and 12.2.
Each of the Parties agrees that service by U.S. registered mail to such Party’s respective address set forth above shall be effective service of process for any of the above Actions and irrevocably and unconditionally waives any objection to
the laying of venue of any Action in accordance with this Section 12.15. Nothing in this Section 12.15 shall limit or restrict the Parties from agreeing to arbitrate any Agreement Dispute pursuant to mutually-agreed procedures. 

Section 12.16. Waiver of Jury Trial. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, INCLUDING ANY AGREEMENT DISPUTE. 

Section 12.17. Interpretation. The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement
shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. 

Section 12.18. Changes in Law. 

(a) Any reference to a provision of the Code, Treasury Regulations, or a Law of another jurisdiction shall include a reference to any
applicable successor provision or Law. 
 (b) If, due to any change in applicable Law or regulations or their interpretation by any court of
Law or other governing body having jurisdiction subsequent to the date hereof, performance of any provision of this Agreement or any transaction contemplated hereby shall become impracticable or impossible, the Parties hereto shall use their
commercially reasonable best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such provision. 

  
 26 

 Section 12.19. Severability. If one or more of the provisions contained in this Agreement
should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The Parties shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 12.20. Tax Sharing Agreements. All Tax sharing, indemnification and similar agreements, written or unwritten, as between one
Party or its Subsidiaries, on the one hand, and any other Party or its Subsidiaries, on the other hand (other than this Agreement, the Distribution Agreement any other Specified Ancillary Agreement or any agreement solely between LQ Parent and any
of its Subsidiaries), shall be or shall have been terminated as of the Distribution Date and, after the Distribution Date, none of the Parties (or their Subsidiaries) to any such Tax sharing, indemnification or similar agreement shall have any
further rights or obligations under any such agreement. 
 Section 12.21. Exclusivity. Except as specifically set forth herein or in
the Distribution Agreement or any other Specified Ancillary Agreement, all matters related to Taxes or Tax Returns of the Parties and their respective Subsidiaries shall be governed exclusively by this Agreement. In the event of a conflict between
this Agreement, the Distribution Agreement or any Specified Ancillary Agreement this Agreement shall govern and control. 
 Section 12.22.
No Waiver. No failure to exercise and no delay in exercising, on the part of any Party, any right, remedy, power or privilege hereunder shall operate as a waiver hereof or thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. No waiver shall be effective unless it is in writing and is signed by the Party asserted to have
granted such waiver. 
 Section 12.23. No Duplication; No Double Recovery. Nothing in this Agreement is intended to confer to or
impose upon any Party a duplicative right, entitlement, obligation, or recovery with respect to any matter arising out of the same facts and circumstances. 

  
 27 

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

	
	LA QUINTA HOLDINGS INC.
	
	 /s/ Mark M. Chloupek

	Name: Mark M. Chloupek
	 Title:   Executive Vice President, Secretary and

           General Counsel

	
	COREPOINT LODGING INC.
	
	 /s/ Mark M. Chloupek

	Name: Mark M. Chloupek
	 Title:   Executive Vice President, Secretary and

           General Counsel

 Schedule A 

1) Audits of any U.S. federal Income Tax Returns of La Quinta Corporation and BRE/LQ Operating Lessee Inc. for the 2010 through 2013 taxable years. 

2) Audits of any U.S. federal Income Tax Returns of La Quinta Corporation and BRE/LQ Operating Lessee Inc. for the period beginning January 1, 2014 and
ending April 14, 2014. 
 3) Audits of any U.S. federal Income Tax Returns for Lodge Holdco II L.L.C. for the period beginning January 1, 2014 and
ending April 14, 2014.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}]]