Document:

Exhibit 4.2

 

UNLESS PERMITTED UNDER SECURITIES LEGISLATION, THE HOLDER
OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE MARCH 14, 2018

 

ONCOLYTICS BIOTECH INC.

 

Warrant
Purchase Agreement

 

Oncolytics Biotech Inc.,
a corporation organized under the laws of the Province of Alberta, Canada, (the “Company”), and ADLAI NORTYE
BIOPHARMA CO., LTD., the registered holder hereof or its permitted assigns (the “Holder”), hereby agree
that, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Holder is entitled, subject
to the terms and conditions set forth below in this Warrant Purchase Agreement (the “Warrant”) dated effective
November 14, 2017 (the “Effective Date”), to purchase from the Company, at the Exercise Price (as defined below)
then in effect, such number of fully paid and non-assessable Common Shares (as defined below) (the “Warrant Shares”),
as calculated below. Except as otherwise defined herein, capitalized terms in this Warrant shall have the meanings set forth in
Section 16. This Warrant is issued pursuant to Section 10.2 of that certain License, Development, Supply and Distribution Agreement,
dated as of November 14, 2017 (the “License Agreement”), by and between the Company and the Holder.

 

1.       TERMS
OF THE WARRANT.

 

(a)       First
Warrant. The Company hereby grants to Holder the right to exercise this Warrant on or after the Effective Date until the date
that is 12 months after the Effective Date (“First Warrant Expiration Date”) for such number of Warrant Shares
as calculated by dividing Two Million United States Dollars (US$2,000,000) (“First Warrant Amount”) by the Exercise
Price in effect on the date of delivery of the Exercise Notice (as defined below) as calculated pursuant to Section 1(d) hereof
(“First Warrant”). The First Warrant is subject to a right to call by the Company upon the later of: (i) six
months after the Effective Date and (ii) the date of the enrollment of the first patient in the Global MBC Study (as defined in
the License Agreement) (“First Warrant Call”). Upon occurrence of the First Warrant Call and at any time thereafter
until the First Warrant Expiration Date, the Company shall have the right to provide written notice to the Holder of the First
Warrant Call and the Company’s election to call the First Warrant (“First Warrant Call Notice”). Upon
receipt of the First Warrant Call Notice (the “First Warrant Call Date”), the Holder must exercise the First
Warrant, in full (or whatever portion of the First Warrant remains unexercised on such First Warrant Call Date, in full) within
five (5) Business Days of the First Warrant Call Date (the “First Warrant Call Exercise”).

 

(b)       Second
Warrant. The Company hereby grants to Holder the right to exercise this Warrant on or after the Effective Date until the date
that is 36 months after the Effective Date (“Second Warrant Expiration Date”) for such number of Warrant Shares
as calculated by dividing Six Million United States Dollars (US$6,000,000) (“Second Warrant Amount”) by the
Exercise Price in effect on the date of delivery of the Exercise Notice (as defined below) as calculated pursuant to Section 1(d)
hereof (“Second Warrant”). The Second Warrant is subject to a right to call by the Company upon the date of
the enrollment of the fiftieth (50th) patient in the Global MBC Study (as defined in the License Agreement) (“Second
Warrant Call”). Upon occurrence of the Second Warrant Call and at any time thereafter until the Second Warrant Expiration
Date, the Company shall have the right to provide written notice to the Holder of the Second Warrant Call and the Company’s
election to call the Second Warrant (“Second Warrant Call Notice”). Upon receipt of the Second Warrant Call
Notice (the “Second Warrant Call Date”), the Holder must exercise the Second Warrant, in full (or whatever portion
of the Second Warrant remains unexercised on such Second Warrant Call Date, in full), within five (5) Business Days of the Second
Warrant Call Date (the “Second Warrant Call Exercise”).

 

     

     

    

 

(c)       Mechanics
of Exercise. Subject to the terms and conditions hereof, the First Warrant and Second Warrant may be exercised by the Holder
on any day after the Effective Date until 5:00 pm Calgary Time on the First Warrant Expiration Date or Second Warrant Expiration
Date, respectively, in whole or in part (but not as to fractional Common Shares), by (i) delivery of a written notice, in the form
attached hereto as Exhibit A (the “Exercise Notice”), of the Holder’s election to exercise the
First Warrant or Second Warrant and (ii) payment to the Company of an amount equal to the applicable Exercise Price multiplied
by the number of Warrant Shares as to which the First Warrant or Second Warrant is being exercised, such number of Warrant Shares
to be calculated by dividing the portion of the First Warrant Amount or Second Warrant Amount being exercised by the Exercise Price
then in effect, in cash or wire transfer of immediately available funds (the “Aggregate Exercise Price”). The
Holder shall not be required to surrender this Warrant in order to effect an exercise hereunder. On or before the first Business
Day following the date on which the Company has received each of the Exercise Notice and the Aggregate Exercise Price (the “Exercise
Delivery Documents”), the Company shall transmit by facsimile an acknowledgment of confirmation of receipt of the Exercise
Delivery Documents to the Holder and the Company’s transfer agent (the “Transfer Agent”). The Company
shall deliver any objection to the Exercise Delivery Documents on or before the second Business Day following the date on which
the Company has received all of the Exercise Delivery Documents. In the event of any discrepancy or dispute, the records of the
Company shall be controlling and determinative in the absence of manifest error. On or before the fifth Business Day following
the date on which the Company has received all of the Exercise Delivery Documents (the “Share Delivery Date”),
the Company shall issue and dispatch by overnight courier to the address as specified in the Exercise Notice, a certificate, registered
in the Company’s share register in the name of the Holder or its designee, for the number of Warrant Shares to which the
Holder is entitled pursuant to such exercise. Upon delivery of the Exercise Delivery Documents, the Holder shall be deemed for
all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant has been exercised,
irrespective of the date of delivery of the certificates evidencing such Warrant Shares. If the First Warrant or Second Warrant
are exercised for an amount less than the First Warrant Amount or Second Warrant Amount, respectively, then the First Warrant Amount
or the Second Warrant Amount, as the case may be, will be reduced by the dollar amount being exercised into Warrant Shares, as
calculated above. The Company shall pay any and all taxes that may be payable with respect to the issuance and delivery of Warrant
Shares upon exercise of this Warrant.

 

(d)       Exercise
Price. For purposes of this Warrant, “Exercise Price” means 120% of the Weighted Average Price, determined
as at the date immediately preceding the date of the Exercise Notice. If the Weighted Average Price on the Principal Market for
any Trading Day is reported in Canadian dollars it will be converted into United States dollars using the noon conversion rate
for Canadian to United States Dollars as reported by the Bank of Canada for the day immediately preceding the date of the Exercise
Notice.

 

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(e)       Disputes.
In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the
Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed and resolve such dispute in accordance
with Sections 10 and 11.

 

(f)       No
Fractional Shares. Notwithstanding anything herein contained, the Company shall not be required, upon the exercise of either
the First Warrant or the Second Warrant (together, the “Warrants”), to issue fractions of Warrant Shares or
to distribute certificates or Warrants which evidence a fractional Warrant Share. In lieu of a fractional Warrant Share, the Company
shall round up each Warrant exercise to the nearest whole number of Warrant Shares.

 

2.       ADJUSTMENT
OF EXERCISE PRICE. The Exercise Price shall be adjusted from time to time as follows if the Company at any time on or after
the Effective Date subdivides or consolidates (by any stock split, stock consolidation, reverse stock split, stock dividend, recapitalization
or otherwise) the outstanding Common Shares into a greater or lesser number of shares, the Exercise Price in effect immediately
upon such subdivision or consolidation will be calculated by adjusting the Weighted Average Price for each Trading Day that occurred
prior to the record date of the subdivision or consolidation included in the calculation of the Exercise Price under Section 1(d)
hereof as if the subdivision or consolidation had occurred as of such Trading Day. Any adjustment under this Section 2 shall become
effective at the close of business on the date the subdivision or consolidation becomes effective.

 

3.       RIGHTS
UPON DISTRIBUTION OF ASSETS. If the Company shall declare or make any special dividend or other special distribution of its
assets (or rights to acquire its assets) to all or substantially all of the holders of Common Shares, by way of return of capital
or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of
a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction, but in any
event and for greater certainty, excluding any regular cash dividend or other cash distribution payable to holders of Common Shares
in the ordinary course) (a “Special Distribution”), at any time after the issuance of this Warrant, then, in
each such case the Exercise Price in effect immediately upon such Special Distribution shall be calculated by multiplying the Weighted
Average Price for each Trading Day prior to the record date of the Special Distribution included in the calculation of the Exercise
Price under Section 1(d) hereof by a fraction of which (i) the numerator shall be the Weighted Average Price of the Common Shares
on such Trading Day minus the value of the Special Distribution (as determined in good faith by the Company’s Board of Directors)
applicable to one Common Share, and (ii) the denominator shall be the Weighted Average Price of the Common Shares on such Trading
Day.

 

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4.       RESTRICTIONS
ON EXERCISE. Notwithstanding any other provisions of this Warrant Certificate, the Company shall not effect any exercise of
a Warrant, and the Holder shall not have the right to exercise any portion of a Warrant, to the extent that, after giving effect
to such issuance after exercise as set forth on the applicable Exercise Notice the Holder (together with the Holder’s Affiliates,
and any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates and associates (such Persons,
are collectively, “Attribution Parties”)), would become the beneficial owner of Common Shares in excess of the
Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of Common Shares of which
the Holder and its Attribution Parties are the beneficial owner shall include the number of Warrant Shares issuable upon exercise
of this Warrant and any other securities of the Company which are required to be included for purposes of determining beneficial
ownership under applicable securities laws. To the extent that the limitation contained in this Section 4 applies, the determination
of whether a Warrant is exercisable (in relation to other securities owned by the Holder together with any Attribution Parties)
and of which portion of a Warrant is exercisable shall be in the sole discretion and at the sole responsibility of the Holder,
and the submission of an Exercise Notice shall be deemed to be the Holder’s determination of whether a Warrant is exercisable
(in relation to other securities owned by the Holder together with any Attribution Parties) and of which portion of a Warrant is
exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall not have any obligation to verify
or confirm the accuracy of such determination, provided that a senior officer of the Company shall have the obligation to obtain
from the Transfer Agent and review, prior to giving effect to a proposed exercise of Warrants, a current list of registered holders
of Common Shares (“Current Register”). For purposes of this Section 4 in determining the number of outstanding
Common Shares, a Holder may rely on the number of outstanding Common Shares as reflected in (A) the Company’s most recent
Annual Report on Form 20-F or 40-F, Foreign Reports on Form 6-K or other public filing with the SEC or on SEDAR, as the case may
be, (B) a more recent public announcement by the Company, or (C) a more recent written notice by the Company or the Transfer Agent
setting forth the number of Common Shares outstanding. Upon the written or oral request of a Holder, the Company shall, within
two Trading Days, confirm orally and in writing to the Holder the number of Common Shares then outstanding. In any case, the number
of outstanding Common Shares shall be determined after giving effect to the conversion or exercise of securities of the Company,
including the Warrant being exercised, by the Holder or its Affiliates or Attribution Parties since the date as of which such number
of outstanding Common Shares was reported. For purposes of this Warrant Agreement, “Beneficial Ownership Limitation”
shall mean the lesser of 9.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of Warrant
Shares issuable upon exercise of the Warrant in question. The limitations contained in this Section 4 shall apply to a successor
holder of a Warrant. For greater certainty, the Company shall not effect any exercise of a Warrant to the extent that, to the best
knowledge of the Company, based upon the review of the applicable Current Register by a senior officer of the Company, or otherwise,
after giving effect to such issuance, the Holder and its Attribution Parties would become the beneficial owner of Common Shares
in excess of the Beneficial Ownership Limitation.

 

5.       FUNDAMENTAL
TRANSACTIONS. Upon the occurrence of any Fundamental Transaction, the Successor Entity shall succeed to, and be substituted
for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein.
Upon consummation of the Fundamental Transaction, the Successor Entity shall deliver to the Holder confirmation that there shall
be issued upon exercise of this Warrant at any time after the consummation of the Fundamental Transaction, in lieu of the Common
Shares (or other securities, cash, assets or other property purchasable upon the exercise of the Warrant prior to such Fundamental
Transaction), such shares of stock, securities, cash, assets or any other property whatsoever (including warrants or other purchase
or subscription rights) which the Holder would have been entitled to receive upon the happening of such Fundamental Transaction
had this Warrant been converted immediately prior to such Fundamental Transaction, as adjusted in accordance with the provisions
of this Warrant. In addition to and not in substitution for any other rights hereunder, prior to the consummation of any Fundamental
Transaction pursuant to which holders of Common Shares are entitled to receive securities or other assets with respect to or in
exchange for Common Shares (a “Corporate Event”), the Company shall make appropriate provision to insure that
the Holder will thereafter have the right to receive upon an exercise of this Warrant within 90 days after the consummation of
the Fundamental Transaction but, in any event, prior to the First Warrant Expiration Date or Second Warrant Expiration Date, as
applicable, in lieu of the Common Shares (or other securities, cash, assets or other property) purchasable upon the exercise of
the Warrant prior to such Fundamental Transaction, such shares of stock, securities, cash, assets or any other property whatsoever
(including warrants or other purchase or subscription rights) which the Holder would have been entitled to receive upon the happening
of such Fundamental Transaction had the Warrant been exercised immediately prior to such Fundamental Transaction. Provision made
pursuant to the preceding sentence shall be in a form and substance reasonably satisfactory to the Holder. The provisions of this
Section shall apply similarly and equally to successive Fundamental Transactions and Corporate Events and shall be applied without
regard to any limitations on the exercise of this Warrant.

 

    	 	4	 

     

    

 

6.       REPRESENTATIONS
OF THE COMPANY. The Company hereby represents and warrants to, and covenants with, the Holder as follows and acknowledges that
the Holder is relying on such acknowledgements, representations, warranties and covenants in connection with the transactions contemplated
herein:

 

		(a)	the Company is a valid and subsisting corporation incorporated and
in good standing under the laws of Alberta;

 

		(b)	the Company is duly registered and licensed to carry on business
in the jurisdictions in which it carries on business or owns property where required under the laws of that jurisdiction;

 

		(c)	this Warrant has been, duly authorized by all necessary corporate
action on the part of the Company, and the Company has full corporate power and authority to undertake the actions contemplated
under this Warrant;

 

		(d)	the Common Shares are listed and posted for trading on the Toronto
Stock Exchange;

 

		(e)	the Company has complied, or will comply, with all applicable corporate
and securities laws and regulations in connection with the offer, sale and issuance of the Warrant;

 

		(f)	no order ceasing or suspending trading in the securities of the Company
or prohibiting sale of its securities has been issued to the Company or its directors, officers or promoters;

 

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		(g)	the Company is a “reporting issuer” in each of the provinces
and territories of Canada and is not included on the list of defaulting reporting issuers issued by the securities regulators in
those jurisdictions;

 

		(h)	upon exercise of the First Warrant and Second Warrant in accordance
with the terms thereof, the Warrant Shares will be validly issued and outstanding as fully paid and non-assessable Common Shares
in the capital of the Company;

 

		(i)	there is no “material fact” or “material change”
(as those terms are defined in applicable securities laws) in the affairs of the Company that has not been generally disclosed
to the public; and

 

		(j)	this Warrant constitutes a binding and enforceable obligation of
the Company, enforceable in accordance with its terms.

 

7.       REPRESENTATIONS
OF THE HOLDER. By executing this Warrant, the Holder represents, warrants, covenants and acknowledges to and with the Company
(and acknowledges that the Company is relying thereon) that:

 

		(a)	the Holder is a valid and subsisting corporation, has the necessary
corporate capacity and authority to enter into and to observe and perform its covenants and obligations under this Warrant and
has taken all necessary corporate action in respect thereof;

 

		(b)	the execution and delivery of this Warrant, the performance and compliance
with the terms hereof, and the completion of the transactions contemplated hereby will not result in any material breach of, or
be in conflict with or constitute a material default under, or create a state of facts which, after notice or lapse of time, or
both, would constitute a material default under any term or provision of the constating documents, by-laws or resolutions of the
Holder (if not an individual), the securities laws or any other applicable law, any agreement to which the Holder is a party or
any applicable regulation, judgment, decree, order or ruling;

 

		(c)	the Holder is a resident of, or is otherwise subject to the laws
of, the jurisdiction disclosed under Section 22.1 of the License Agreement, and that such address is the residence of the Holder
or the place of business of the Holder at which the Holder received and accepted the offer to acquire the Warrant and was not created
or used solely for the purpose of acquiring the Warrant (the “Holder’s Jurisdiction”);

 

		(d)	if the Holder is not subscribing as principal, the Holder acknowledges
that the Company may be required by law to disclose to applicable securities regulatory authorities or stock exchanges information
concerning the identities of each beneficial purchaser for whom the Holder is acting hereunder;

 

		(e)	the Holder is knowledgeable of, or has been independently advised as to, the applicable securities
laws of the Holder’s Jurisdiction which apply to this Warrant;

 

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		(f)	the Holder is purchasing the Warrant pursuant to exemptions from the prospectus and registration
requirements under the applicable securities laws of the Holder’s Jurisdiction or, if such is not applicable, the Holder
is permitted to purchase the Warrant under the applicable securities laws of the Holder’s Jurisdiction without the need to
rely on exemptions;

 

		(g)	the applicable securities laws of the Holder’s Jurisdiction do not require the Company to
prepare and/or file any documents or be subject to ongoing reporting requirements or seek any approvals of any kind whatsoever
in respect of the sale of the Warrant to the Holder from any regulatory authority of any kind whatsoever in the Holder’s
Jurisdiction;

 

		(h)	the purchase of the Warrant by the Holder does not trigger: (i) any obligation to prepare and file
a prospectus, an offering memorandum or similar document, or any other ongoing reporting requirements with respect to such purchase
or otherwise; (ii) any registration or other obligation on the part of the Company; or (iii) the Company becoming subject to regulation
in such jurisdiction or require the Company to attorn to the jurisdiction of any governmental authority or regulator in such jurisdiction
or require any translation of documents by the Company; and

 

		(i)	the Holder will not sell or otherwise dispose of any Warrant Shares, except in accordance with
applicable securities laws;

 

		(j)	the Holder understands that the sale of the Warrant is conditional
upon such sale being exempt from the requirements to file and obtain a receipt for a prospectus or to deliver an offering memorandum,
and no prospectus has been filed by the Company with any regulatory authority in any jurisdiction in connection with the issuance
of the Warrant. As a result of acquiring the Warrant pursuant to such exemptions:

 

		(i)	certain protections, rights and remedies provided by the securities laws, including under the Alberta
Act, including certain statutory rights of rescission or damages and certain statutory remedies against an Company, underwriters,
auditors, directors and officers that are available to investors who acquire securities offered by a prospectus or registration
statement, may not be available to the Holder;

 

		(ii)	the common law may not provide investors with an adequate remedy in the event that they suffer
investment losses in connection with securities acquired in a private placement;

 

		(iii)	the Holder may not receive certain information that would otherwise be required to be given under
the securities laws, including under the Alberta Act; and

 

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		(iv)	the Company is relieved from certain obligations that would otherwise apply under the securities
laws, including under the Alberta Act;

 

		(k)	the Holder has not received or been provided with a prospectus or
offering memorandum, within the meaning of the securities laws, or any sales or advertising literature in connection with the offering
of this Warrant. The Holder’s decision to purchase the Warrant was not based upon, and the Holder has not relied upon, any
verbal or written representations as to fact made by or on behalf of the Company and their respective directors, officers, employees,
agents and representatives. The Holder’s decision to purchase the Warrant was based solely upon this Warrant, the License
Agreement, and information about the Company which is publicly available;

 

		(l)	except for the Holder’s knowledge regarding its purchase of
the Warrant hereunder and the License Agreement, the Holder has no knowledge of a “material fact” or a “material
change” (as those terms are defined in the Alberta Act) in the affairs of the Company that has not been generally disclosed;

 

		(m)	the Holder confirms that the Holder:

 

		(i)	has such knowledge in financial and business affairs as to be capable of evaluating the merits
and risks of its investment in the Warrant and Warrant Shares;

 

		(ii)	is capable of assessing the proposed investment in the Warrant and Warrant Shares as a result of
the Holder’s own experience or as a result of advice received from a person registered under applicable securities laws;

 

		(iii)	is aware of the characteristics of the Warrant and Warrant Shares and the risks relating to an
investment therein; and

 

		(iv)	is able to bear the economic risk of loss of its investment in the Warrant and Warrant Shares;

 

		(n)	the Holder understands and acknowledges that:

 

		(i)	no securities commission or similar regulatory authority has reviewed or passed on the merits of
the Warrant and Warrant Shares;

 

		(ii)	there is no government or other insurance covering the Warrant and Warrant Shares;

 

		(iii)	there are risks associated with the purchase of the Warrant and Warrant Shares;

 

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		(iv)	there are restrictions on the Holder’s ability to resell the Warrant and Warrant Shares and
it is the responsibility of the Holder to find out what those restrictions are and to comply with them before selling the Warrant
and Warrant Shares;

 

		(v)	the Company has advised the Holder that the Company is relying on an exemption from the requirements
to provide the Holder with a prospectus and to sell securities through a person registered to sell securities under applicable
securities laws and, as a consequence of acquiring securities pursuant to this exemption, certain protections, rights and remedies
provided by applicable securities laws, including statutory rights of rescission or damages, will not be available to the Holder;
and

 

		(vi)	that it may lose its entire investment in the Warrant and Warrant Shares;

 

		(o)	the Holder confirms that none of the Company, or any of its directors,
employees, officers or affiliates have made any representations (written or oral) to the Holder:

 

		(i)	regarding the future value of the Warrant and Warrant Shares;

 

		(ii)	that any person will resell or repurchase the Warrant and Warrant Shares;

 

		(iii)	that any person will refund the purchase price of the Warrant and Warrant Shares other than as
provided in this Warrant; or

 

		(iv)	that any of the Company’s securities will be listed and posted for trading on a stock exchange
or that an application has been made to list and post any of the Company’s securities for trading on a stock exchange, other
than the Company’s Common Shares on the Principal Market;

 

		(p)	the Holder understands and acknowledges that: 

 

		(i)	the Warrant and Warrant Shares will be subject to certain resale and transfer restrictions under
applicable securities laws; and

 

		(ii)	the Warrant and Warrant Shares may be subject to certain resale and transfer restrictions under
the rules and policies of the Principal Market;

 

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		(q)	the Holder acknowledges that it has been advised to consult its own
legal advisors with respect to applicable resale and transfer restrictions, that it is solely responsible for complying with such
restrictions and it agrees to comply with the restrictions referred to in paragraph (s) above and all other applicable resale and
transfer restrictions. The Holder will comply with all applicable securities laws concerning the subscription, purchase, holding
and resale of the Warrant and Warrant Shares and will not resell any of the Warrant and Warrant Shares except in accordance with
the provisions of applicable securities laws. In this regard, the Holder acknowledges that the Company may be required to put the
following legends on any certificates representing the Warrant and Warrant Shares if issued prior to the expiry of the applicable
hold period:

 

“UNLESS PERMITTED UNDER
SECURITIES LEGISLATION, THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY BEFORE MARCH 14, 2018.”

 

		(r)	the Holder acknowledges that it is responsible for obtaining its
own legal, investment and other professional advice with respect to the resale restrictions, “hold periods” and legending
requirements to which the Warrant and Warrant Shares are or may be subject. The Holder has not relied upon any statements made
by or purporting to have been made on behalf of the Company or its counsel with respect to such matters;

 

		(s)	the Holder acknowledges and agrees that the Company shall make a
notation on its records or give instructions to the transfer agent of the Holder’s Warrant and Warrant Shares in order to
implement the restrictions on transfer set out in the Warrant and applicable securities laws;

 

		(t)	the Warrant and Warrant Shares have not been and will not be registered
under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any applicable state
securities or “blue sky” laws of any state of the United States, and the Warrant and Warrant Shares may not be offered
or sold in the United States or to, or for the account or benefit of, a U.S. person (as defined in Regulation S under the U.S.
Securities Act, a “U.S. Person”) or person in the United States without registration under the U.S. Securities
Act or compliance with requirements of an exemption from such registration requirements and in accordance with all applicable securities
laws of each state of the United States; 

 

		(u)	it will not offer or sell the Warrant and Warrant Shares in the United
States or to or, for the account or benefit of, a U.S. Person or person in the United States unless the Warrant and Warrant Shares
are registered under the U.S. Securities Act and all applicable state securities or “blue sky” laws of the United States
or an exemption from such registration requirements is available;

 

		(v)	the Holder is not a person in the United States or a U.S. Person;

 

		(w)	the Holder is not acquiring the Warrants for the account or benefit
of a U.S. Person or person in the United States or for offering, resale or delivery for the account or benefit of any U.S. Person
or a person in the United States;

 

		(x)	the offer to purchase the Warrant was not made to the Holder while
in the United States;

 

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		(y)	the Holder has no intention to distribute either directly or indirectly
any of the Warrant and Warrant Shares in the United States or to U.S. Persons;

 

		(z)	at the time this Warrant was signed and delivered, the Holder (or
the Holder’s authorized signatory, if it is an entity) was outside the United States; 

 

		(aa)	the Holder is not purchasing the Warrant as a result of any “directed
selling efforts” in the United States as defined in Regulation S under the U.S. Securities Act;

 

		(bb)	the Holder represents that the current structure of this transaction
and all transactions and activities contemplated hereunder is not a scheme to avoid the registration requirements of the U.S. Securities
Act; 

 

		(cc)	Holder acknowledges that that the Warrants may not be exercised by
or on behalf of a U.S. Person or a person in the United States and the Warrant Shares may not be delivered to an address in the
United States unless an exemption is available from the registration requirements of the U.S. Securities Act and the applicable
securities laws of any state of the United States, and the Holder has furnished an opinion of counsel of recognized standing in
form and substance reasonably satisfactory to the Company to such effect; and

 

		(dd)	any funds which will be advanced by the Holder hereunder will not
represent proceeds of crime for the purposes of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada)
(the “PCMLTFA”), the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept
and Obstruct Terrorism Act (United States) (commonly referred to as the “USA PATRIOT Act”) or other similar
legislation, and the Holder acknowledges that the Company may in the future be required by law to disclose the Holder’s name
and other information relating to this Warrant and the Holder's purchase hereunder, on a confidential basis, pursuant to the PCMLTFA
and the USA PATRIOT Act. To the best of its knowledge (i) none of the subscription funds to be provided by the Holder (A) have
been or will be derived from or related to any activity that is deemed criminal under the law of Canada, the United States or any
other jurisdiction, or (B) are being tendered on behalf of a person or entity who has not been identified to the Holder, and (ii)
it shall promptly notify the Company if the Holder discovers that any of such representations ceases to be true, and to provide
the Company with appropriate information in connection therewith;

 

		(ee)	the Holder has not received or expects to receive any financial assistance
from the Company directly or indirectly, in respect of the Holder’s purchase of the Warrant;

 

		(ff)	the Holder has not become aware of any advertisement in printed media
of general and regular paid circulation or on radio, television or other form of telecommunication or any other form of advertisement
(including electronic display on the internet including but not limited to the Company’s website) or sales literature with
respect to the distribution of the Warrants or any seminar or meeting whose attendees have been invited by general solicitation
or general advertising;

 

    	 	11	 

     

    

 

		(gg)	there is no person acting or purporting to act on behalf of the Holder
(including any disclosed principal), if applicable, in connection with the transactions contemplated herein who is entitled to
any brokerage or finder’s fee. If any person establishes a claim that any fee or other compensation is payable in connection
with the issue of the Warrants on account of the Holder’s subscription, the Holder covenants to indemnify and hold harmless
the Company with respect thereto and with respect to all costs reasonably incurred in the defence thereof; 

 

		(hh)	if required by applicable securities laws or by any securities commission,
stock exchange or other regulatory authority, the Holder will execute, deliver, file and otherwise assist the Company in filing,
such reports, undertakings and other documents with respect to the issuance of the Warrants;

 

		(ii)	the Holder confirms that it is responsible for obtaining its own
legal, tax, investment and other professional advice with respect to the execution, delivery and performance by it of this Warrant
and the transactions contemplated hereunder including the suitability of the Warrants as an investment for the Holder, the tax
consequences of acquiring and dealing with the Warrants, and the resale restrictions and “hold periods” to which the
Warrants are or may be subject under applicable securities laws. The Holder has not relied upon any statements made by or purporting
to have been made on behalf of the Company or its counsel with respect to such matters; and

 

		(jj)	the Holder acknowledges that Company’s counsel is acting solely
as counsel to the Company and not as counsel to the Holder. 

 

		(kk)	The Holder acknowledges and agrees that the representations, warranties,
covenants and acknowledgements made by the Holder in this Warrant are made with the intention that they may be relied upon by the
Company in determining the Holder’s eligibility (and, if applicable, the eligibility of others for whom the Holder is contracting
hereunder) to purchase the Warrant under securities laws. The Holder further agrees that by accepting the Warrant, the Holder will
be representing and warranting that such representations, warranties, covenants and acknowledgements are true as at the Effective
Date with the same force and effect for the benefit of the Company as if they had been made by the Holder at the Effective Date
and that they will survive the purchase by the Holder of the Warrant and will continue in full force and effect for the benefit
of the Company notwithstanding any subsequent disposition by the Holder of the Warrant. 

 

		(ll)	The Holder acknowledges that the Company and its counsel are relying
upon the representations, warranties, covenants and acknowledgements of the Holder set forth herein in determining the eligibility
of the Holder to purchase the Warrant, and hereby agrees to indemnify the Company and its directors, officers, employees, advisers,
affiliates, shareholders and agents (including their legal counsel) against all losses, claims, costs, expenses, damages or liabilities
that they may suffer or incur as a result of or in connection with their reliance on such representations, warranties, acknowledgements
and covenants. 

 

    	 	12	 

     

    

 

		(mm)	This Warrant requires the Holder to provide certain Personal Information
to the Company. Such information is being collected by the Company for the purposes of completing the offering of the Warrant,
which includes, without limitation, determining the Holder’s eligibility to purchase the Warrant under applicable securities
laws, preparing and registering any certificates representing the Holder’s Warrant Shares to be issued to the Holder, completing
filings required by any stock exchange or securities regulatory authority, indirect collection of information by the applicable
stock exchange or regulatory authority under authority granted in applicable securities legislation and the administration and
enforcement of the securities legislation of an applicable jurisdiction by the applicable regulatory authority. The Holder acknowledges
that the Holder’s Personal Information, including details of its purchase hereunder, will be disclosed by the Company to:
(a) stock exchanges or securities regulatory authorities; (b) the Company’s registrar and transfer agent; and (c) any of
the other agents or representatives of the Company, including legal counsel to the Company; and may be disclosed by the Company
to (d) the Canada Revenue Agency; and (e) any other person to whom it is required to disclose such information under applicable
legislation or authority. By executing this Warrant, the Holder consents to and authorizes the foregoing collection, use and disclosure
of the Holder’s Personal Information. The Holder also consents to and authorizes the filing of copies or originals of any
of this Warrant (including attachments) below as may be required to be filed with any stock exchange or securities regulatory authority
in connection with the transactions contemplated hereby. In addition, the Holder consents to and authorizes the collection, use
and disclosure of all such Personal Information by the Principal Market and other regulatory authorities in accordance with their
requirements, including the provision to third party service providers, from time to time. “Personal Information”
means any information about a person (whether individual or otherwise) and includes information contained in this Warrant, including
the attachments hereto.

 

8.       NON-CIRCUMVENTION.
The Company hereby covenants and agrees that the Company will not, by amendment of its constating documents or through any reorganization,
transfer of assets, consolidation, amalgamation, merger, scheme or plan of arrangement, dissolution, issue or sale of securities
or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, and will
at all times in good faith carry out all the provisions of this Warrant and take all action as may be required to protect the rights
of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase any par value of any Common
Shares receivable upon the exercise of this Warrant above the Exercise Price then in effect, and (ii) shall take all commercially
reasonable actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable
Common Shares upon the exercise of this Warrant.

 

9.       WARRANT
HOLDER NOT DEEMED A STOCKHOLDER. Except as otherwise specifically provided herein, the Holder, solely in such Person’s
capacity as a holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the holder of share capital
of the Company for any purpose, nor shall anything contained in this Warrant be construed to confer upon the Holder, solely in
such Person’s capacity as the Holder of this Warrant, any of the rights of a stockholder of the Company or any right to vote,
give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification of stock, consolidation,
merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights, or otherwise, prior to
the issuance to the Holder of the Warrant Shares which such Person is then entitled to receive upon the due exercise of this Warrant.
In addition, except for the First Warrant Call and Second Warrant Call, nothing contained in this Warrant shall be construed as
imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise) or as a stockholder
of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.

 

    	 	13	 

     

    

 

10.       REISSUANCE
OF WARRANTS. This Warrant is non-transferrable by the Holder absent the written consent of the Company; provided however that
this Warrant may be transferred by the Holder without the consent of the Company to a parent company of the Holder, which wholly-owns
the Holder, or to a company that is wholly-owned, directly or indirectly, by either the Holder or a parent company of the Holder,
which wholly-owns the Holder.

 

11.       NOTICES.
Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be given in accordance
with Section 22 of the License Agreement. The Company shall provide the Holder with prompt written notice of all actions taken
pursuant to this Warrant, including, in reasonable detail, a description of such action and the reason or reasons therefore. Without
limiting the generality of the foregoing, the Company will give written notice to the Holder at least 10 days prior to the date
on which the Company closes its books or takes a record with respect to any dividend or distribution upon the Common Shares.

 

12.       AMENDMENT
AND WAIVER. Except as otherwise provided herein, the provisions of this Warrant may be amended and the Company may take any
action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the
written consent of the Holder.

 

13.       GOVERNING
LAW; ARBITRATION. The validity, construction and performance of this Warrant shall be governed by the laws of Hong Kong, without
regard to conflicts of law principles and without regard to the United Nations Convention on Contracts for the International Sale
of Goods. Any claim, dispute or controversy between the Parties arising out of or related to this Warrant, including the existence,
validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising
out of or relating to it shall be referred to and finally resolved by international arbitration administered by the HKIAC under
the HKIAC Administered Arbitration Rules in force when the Notice of Arbitration is submitted. The law of this arbitration clause
shall be Hong Kong law. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be one. The Parties shall jointly
select the arbitrator within thirty (30) days of commencement of arbitration proceedings in accordance with the HKIAC Administered
Arbitration Rules. In the absence of an agreement between the Parties within such 30-day period, the HKIAC shall appoint the arbitrator.
The arbitration proceedings shall be conducted in English.

 

    	 	14	 

     

    

 

14.       INFORMAL RESOLUTION. In the event of any controversy or claim arising out of or relating to this Warrant, or the rights
or obligations of the Parties hereunder, the Parties shall prior to commencing any form of proceedings try to settle their differences
amicably between themselves. Either Party may initiate such informal dispute resolution by sending written notice of the dispute
to the other Party, and within thirty (30) days after such notice, appropriate representatives of the Parties shall meet for
attempted resolution by good faith negotiations. If such representatives are unable to promptly resolve such disputed matter within
the said thirty (30) days, either Party may refer the matter by written notice to the other to the Chief Financial Officer
of Holder, or his/her designee, and the Chief Executive Officer of the Company, or his/her designee, for discussion and resolution.
If such individuals or their designees are unable to resolve such dispute within thirty (30) days of such written notice,
either Party may initiate proceedings in accordance with the provisions of Section 10.

 

15.       CONSTRUCTION;
HEADINGS. This Warrant shall be deemed to be jointly drafted by the Company and the Holder and shall not be construed against
any person as the drafter hereof. The headings of this Warrant are for convenience of reference and shall not form part of, or
affect the interpretation of, this Warrant.

 

16.       REMEDIES,
OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF. The remedies provided in this Warrant shall be cumulative and in addition
to all other remedies available under this Warrant and the License Agreement, at law or in equity (including a decree of specific
performance and/or other injunctive relief), and nothing herein shall limit the right of the Holder to pursue actual damages for
any failure by the Company to comply with the terms of this Warrant. The Company acknowledges that a breach by it of its obligations
hereunder may cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate. The Company
therefore agrees that, in the event of any such breach or threatened breach, the holder of this Warrant shall be entitled, in addition
to all other available remedies, to seek an injunction restraining any breach. Notwithstanding the foregoing, the absence of an
effective registration statement relating to the issuance of Warrant Shares upon exercise of the Warrant shall not provide the
Holder with the right to net-settle this Warrant in cash. Furthermore, the absence of an effective registration statement or applicable
exemption from registration does not alleviate the Company’s obligation to deliver the Warrant Shares upon exercise of this
Warrant.

 

17.       CERTAIN
DEFINITIONS. For purposes of this Warrant, the following terms shall have the following meanings:

 

(a)       “Affiliate”
has the meaning ascribed to such term in the Ontario Act.

 

(b)       “associate”
has the meaning ascribed to such term in the Ontario Act.

 

(c)       “Attribution
Parties” has the meaning ascribed to such term in Section 4 of this Warrant Agreement.

 

    	 	15	 

     

    

 

(d)       “Alberta
Act” means the Securities Act (Alberta), the regulations and rules made thereunder and all administrative policy
statements, blanket orders, notices, directions and rulings issued or adopted by the Alberta Securities Commission, all as amended.

 

(e)       “beneficial
owner” has the meaning ascribed thereto in Ontario Act.

 

(f)       “Beneficial
Ownership Limitation” has the meaning ascribed to such term in Section 4 of this Warrant Agreement.

 

(g)       “Business
Day” means any day other than Saturday, Sunday or other day on which commercial banks in Calgary, Alberta are authorized
or required by law to remain closed.

 

(h)       “Common
Shares” means (i) the Company’s Common Shares, and (ii) any share capital into which such Common Shares
shall have been changed or any share capital resulting from a reclassification of such Common Shares.

 

(i)       “Eligible
Market” means The NASDAQ Global Market, The New York Stock Exchange, Inc., The NYSE MKT LLC, The NASDAQ Global Select
Market, The NASDAQ Capital Market or the Toronto Stock Exchange.

 

(j)       “Exchange
Act” means the United States Exchange Act of 1934, as amended.

 

(k)       “Fundamental
Transaction” means that the Company shall, directly or indirectly, in one or more related transactions, (i) consolidate,
amalgamate or merge with or into another Person, (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially
all of the properties or assets of the Company to another Person, (iii) allow another Person to make a purchase, tender or exchange
offer that is accepted by the holders of more than the 50% of either the outstanding Common Shares (not including any Common Shares
held by the Person or Persons making or party to, or associated or affiliated with the Persons making or party to, such purchase,
tender or exchange offer), (iv) consummate a stock purchase agreement or other business combination (including, without limitation,
a reorganization, plan of arrangement, recapitalization, spin-off or scheme of arrangement) with another Person whereby such other
Person acquires more than the 50% of the outstanding Common Shares (not including any Common Shares held by the other Person or
other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock purchase agreement
or other business combination), (v) reorganize, recapitalize or reclassify its Common Shares or (vi) any “person” or
“group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the Exchange Act) is or shall become the
beneficial owner, directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and outstanding Common
Shares.

 

(a)       “Ontario
Act” the Securities Act (Ontario), the regulations and rules made thereunder and all administrative policy statements,
blanket orders, notices, directions and rulings issued or adopted by the Alberta Securities Commission, all as amended.

 

    	 	16	 

     

    

 

(b)       
“Parent Entity” of a Person means an entity that, directly or indirectly, controls the applicable Person and
whose common stock or equivalent equity security is quoted or listed on an Eligible Market, or, if there is more than one such
Person or Parent Entity, the Person or Parent Entity with the largest public market capitalization as of the date of consummation
of the Fundamental Transaction.

 

(c)       “Person”
means an individual, a limited liability company, a partnership, a joint venture, corporation, a trust, an unincorporated organization,
any other entity and a government or any department or agency thereof.

 

(d)       “Principal
Market” means the Toronto Stock Exchange, unless the Common Shares begin trading on The NASDAQ Capital Market, in which
case the Principal Market shall mean The NASDAQ Capital Market as of the date such trading commences.

 

(e)       “Successor
Entity” means the Person (or, if so elected by the Required Holders, the Parent Entity) formed by, resulting from or
surviving any Fundamental Transaction or the Person (or, if so elected by the Required Holders, the Parent Entity) with which such
Fundamental Transaction shall have been entered into.

 

(f)       “Trading
Day” means any day on which the Common Shares are traded on the Principal Market, or, if the Principal Market is not
the principal trading market for the Common Shares, then on the principal securities exchange or securities market on which the
Common Shares are then traded; provided that “Trading Day” shall not include any day on which the Common Shares are
scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Shares are suspended from trading
during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing
time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York Time).

 

(g)       “Weighted
Average Price” means, for any security as of any date, the means the volume weighted average trading price of the Common
Shares, calculated by dividing the total value by the total volume of Common Shares traded for the relevant period on the Principal
Market for the five Trading Days immediately preceding the relevant date. If the Common Shares are suspended from trading or have
not traded on a Principal Market, the “Weighted Average Price” will be the fair market value of the Common Shares as
mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value
of such security, then such dispute shall be resolved pursuant to Sections10 and 11. All such determinations shall be appropriately
adjusted for any share dividend, share split or other similar transaction during such period and as provided in this Warrant.

 

[Signature Page
Follows] 

 

 

    	 	17	 

     

    

 

This Warrant Purchase Agreement has
been entered into as of the Effective Date.

 

 

	Signed by [Director or Officer]	 	 

 

	State position:	 	 

 

	By and on behalf of ONCOLYTICS BIOTECH INC.	 	 

 

	Date:	 	 

 

 

 

	Signed by [Director or Officer]	 	 

 

	State position:	 	 

 

	By and on behalf of ADLAI NORTYE BIOPHARMA CO., LTD.	 	 

 

	Date:	 	 

 

 

     

     

    

 

EXHIBIT A

 

 

EXERCISE NOTICE

TO BE EXECUTED BY THE REGISTERED HOLDER
TO EXERCISE THIS

WARRANT TO PURCHASE COMMON SHARES

 

ONCOLYTICS BIOTECH INC.

 

The undersigned holder hereby exercises
the right to purchase _________________ Common Shares (“Warrant Shares”) of Oncolytics Biotech Inc., corporation
organized under the laws of the Province of Alberta, Canada (the “Company”), evidenced by the Warrant Purchase
Agreement to which this Exercise Notice is attached (the “Warrant”). Capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in the Warrant.

 

 1. Warrant Exercise, Exercise Price and Number of Warrant Shares. The holder is exercising (check one and complete):

 

o
First Warrant Exercise for a principal amount of US$_____________ (“Aggregate Exercise Price”), at an Exercise
Price of US$_______ (as calculated pursuant to Section 1(d) of the Warrant), for an aggregate of ______________ Warrant Shares.

 

o
Second Warrant Exercise for a principal amount of US$_____________ (“Aggregate Exercise Price”), at an Exercise
Price of US$_______ (as calculated pursuant to Section 1(d) of the Warrant), for an aggregate of ______________ Warrant Shares.

 

2. Payment of Exercise
Price. The holder has paid the Aggregate Exercise Price in the sum of US$___________________ to the Company in accordance with
the terms of the Warrant.

 

3. Securities Law Matters. In connection
with this exercise, the holder hereby (check one):

 

		_____A.	represents to the Company that (i) at the time of exercise of this Warrant the holder is not within
the United States, (ii) the holder is not exercising this Warrant for the account or benefit of a U.S. Person or person in the
United States, (iii) the holder is not exercising and delivering this Exercise Notice while in the United States, (iv) the exercise
of the Warrants was not solicited while the holder was in the United States; and (iv) the delivery of the underlying Warrant Shares
will not be to an address in the United States; or

 

		_____B.	confirms that the holder is tendering with this Exercise Notice a written opinion of counsel satisfactory
to the Company to the effect that the securities to be delivered upon exercise of this Warrant have been registered under the U.S.
Securities Act of 1933, as amended, and the securities laws of all applicable states of the United States or are exempt from such
registration requirements,

 

where “United States” and “U.S.
person” are as defined by Regulation S under the U.S. Securities Act.

 

     

     

    

4. Compliance with Restrictions on Exercise. The holder hereby certifies, having made all reasonable enquiries, that as
of the date hereof, the holder, together with its Attribution Parties (as such terms are defined in the Warrant), collectively
hold an aggregate of:

 

	 	 Common Shares.

  

 

The holder hereby acknowledges that
the exercise of Warrants pursuant to this Exercise Notice is subject to the restrictions on transfer set forth in Section 4 (Restrictions
on Exercise) of the Warrant. The Holder certifies as to the compliance by the Holder with its obligations set forth in Section
4 (Restrictions on Exercise) of the Warrant.

 

Please issue a certificate for the Warrant
Shares being purchased as follows in the name of the holder.

 

DATED at ______________________________ this _________ day of
_________________, ______.

 

	 	 	 
	Signature Witnessed 	 	Signature of Holder (to be the same as appears in the Warrant) or authorized signing officer if corporation
	 	 	 
	Name of Holder: 	 	 
	 	 	 
	Address (please print): 	 	 
	 	 	 

 

 

 

 

Date: _______________ __, ______

 

 

	 	 
	Name of Registered Holder	 

 

 

	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

 

     

     

    

 

ACKNOWLEDGMENT

 

 

 

The Company hereby
acknowledges this Exercise Notice and certifies as to compliance by the Company with its obligations set forth in Section 4 (Restrictions
on Exercise) of the Warrant.

 

	 	ONCOLYTICS BIOTECH INC.
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:EX-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. 

  
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 (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. 

  
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 (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 

  
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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). 

  
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 (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). 

  
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 (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. 

  
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 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. 

  
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 (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. 

  
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 (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. 

  
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 (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. 

  
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 (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 

  
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 (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. 

  
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 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: 

Phone: 
 Facsimile: 

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,
New York 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.

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