Document:

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                                                                    EXHIBIT 10.6

Capitol Plaza Holiday Inn                 H.E.R.E. Local 49
300 J Street                              1824 Tribute Road, Suite D
Sacramento, CA 95814                      Sacramento
446-0100                                  564-4949 or 1-800-HOTEL-49
                                          Medical & Dental: 921-3388
                                            or 1-800-562-9383

                      June 1, 1998 through May 31, 2001

Section 1.   Recognition
Section 2.   Union Representative's Activities/Shop Stewards
Section 3.   Types of Employees
Section 4.   Reporting Pay
Section 5.   Work Schedules
Section 6.   Discrimination and Equal Pay
Section 7.   Meals and Rest Periods
Section 8.   Work Day, Week, and Overtime
Section 9.   Vacations and Leaves of Absence
Section 10.  Holidays and Well Days
Section 11.  Funeral & Jury Duty Leave
Section 12.  Medical and Dental Plans
Section 13.  Pension
Section 14.  Contributions and Collections
Section 15.  Superior Workers and Premium Pay
Section 16.  Combination Jobs
Section 17.  Disciplinary Actions
Section 18.  No Strike and No Lockout
Section 19.  House Cards and Union Buttons
Section 20.  Union Security
Section 21.  Employer's Operation
Section 22.  Grievance Procedures
Section 23.  Arbitration
Section 24.  Dues and Fees Check-off
Section 25.  Worker's Compensation
Section 26.  Management Rights Reserved
Section 27.  Seniority
Section 28.  Terms, Terminations, and Amendments
Section 29.  Craft Rules, Regulations, and Working Conditions
Section 30.  Wage Scales
Section 31.  Signatures

Note: Wherever a masculine pronoun occurs in this document, it shall be
understood to include the feminine pronoun.
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               COLLECTIVE BARGAINING AGREEMENT 6-1-98 to 5-31-01

     THIS AGREEMENT, hereinafter called the contract, entered into this     day
of 1999, at Sacramento, California, by and between the Hotel Employees and
Restaurant Employees Union Local 49, AFL-CIO, hereinafter known as the Union,
and Holiday Inn - Capitol Plaza Sacramento, hereinafter designated as Employer.

     In the event any portion of this contract is invalidated by the passage of
legislation or by the rendition of a decision by a court of last resort, such
invalidation shall apply only to those portions thus invalidated; and the
remaining portions of this contract shall remain in full force and effect. If
this occurs both parties shall meet within fifteen (15) calendar days for the
purpose of renegotiating different provisions relative to the subject matter
invalidated.

Section 1.  RECOGNITION:

     The Union shall be recognized as the sole bargaining agent for the purpose
of collective bargaining for all employees coming under the jurisdiction of the
Union, except employees excluded under any applicable Federal law.

Section 2.  UNION REPRESENTATIVE'S ACTIVTIES/SHOP STEWARDS:

     (a)  Properly authorized representatives of the Union shall be permitted to
investigate the standing of all employees and to investigate conditions to see
that the contract is being enforced, provided that no interview shall be held
during the rush hours, or unreasonably interrupt the duties of any employee.
Authorized Union representatives shall inform the Employer or department head of
their presence at the Hotel before interviewing employees.

     (b)  Shop Stewards

     (1)  The maximum number of Shop Stewards shall be three (3) Shop Stewards.
It is understood that no more than one(l) Shop Steward shall be involved in the
handling of any one particular grievance.

     If any problem arises with the implementation of a Shop Steward system at
the hotel, the parties agree to meet upon request of either party and work out
mutually agreeable solutions to the problem.

     (2) The Employer agrees to recognize Shop Stewards. Shop Stewards shall
assist in the handling and/or investigation of grievances and may participate in
all steps of the grievance procedure.

     It is understood that during work time, if an employee requests the
presence of a Shop Steward at a meeting where discipline may occur, the Shop
Steward shall be allowed to leave his assigned job to attend such meeting. Shop
Stewards may discharge their responsibilities at other times during their
working hours only if prior approval is obtained from their immediate supervisor
and there is no disruption in work. The Employer reserves the right to schedule
grievance meetings during non-working hours of the Shop Steward. It is
understood that Shop Stewards may cross departmental lines.

Capitol Plaza Holiday Inn                2                     6/l/98 - 5/31/01
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     (3) Shop Stewards shall receive training from the Union concerning their
duties and responsibilities. In order to recognize Shop Stewards, the Union
shall notify the Employer of the names of the trained and certified Shop
Stewards.

     (4) The Union may appoint or elect Shop Stewards. The election may be held
on Employer's premises. It is understood that balloting will be conducted on
the employee's own time and shall not cause disruption of the Hotel operations.

Section 3. TYPES OF EMPLOYEES:

     (a) Full-time Employee: Any combination of shifts totaling thirty (30)
hours or more in a five (5) day period (work week).

     (b) Steady Part-time Employee: Any combination of shifts totaling less than
thirty (30) hours in a five (5) day period (work week).

     (c) Tipped Employee: Food and beverage servers, bus persons, bellpersons,
bartenders, and valet parking attendants.

     (d) Non-tipped Employee: All others not mentioned in Sub-Section (c) above.

Section 4. REPORTING PAY:

     (a) When an Employer or his representative orders an employee to report for
work or fails to notify an employee not to report for work for any reason and
said employee is not allowed to work, the Employer shall pay the employee for
one-half (1/2) of the shift called for but not less than four (4) hours minimum.
This shall not apply to an employee under the influence of liquor or drugs.
Employees scheduled to attend mandatory training/educational sessions shall be
compensated at a two (2) hour minimum pay, or actual time spent, whichever is
greater.

     (b) Employees who are to be terminated must be notified at the end of their
shift. If this is not done and they report for work the next regular work day
and are not placed at work, they shall receive one-half (1/2) of their scheduled
shift or four (4) hours minimum pay for so reporting.

Section 5. WORK SCHEDULES:

     (a) The Employer shall post in a conspicuous place in each department, a
work schedule specifying names and classifications, days off and starting and
finishing time, which must be corrected weekly if need be. The weekly schedule
should be posted by 12:00 noon on Thursday, to be effective 4:00 a.m. on
Saturday.

     (b) Except for Housekeeping Department Employees, regularly scheduled
employees shall have a fixed starting time, which time shall not be changed by
the Employer without giving a thirty-six (36) hour notice to the affected
employee, except in case of need or emergency and by mutual consent.

     It is further understood that:

          1.  All employee requests for a variance in a posted schedule will be
          at the sole discretion of management.

          2.  All employee requests for a variance in scheduling must be
          submitted before the schedule is posted and must be in writing.
          Schedule variance requests will not be considered granted unless
          signed as approved by the Department Head.

Capitol Plaza Holiday Inn              3                        6/1/98 - 5/31/01
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          The employee shall be responsible for keeping this written approval
          in case of a dispute.

          3.  Seniority shall determine who has preference for a schedule
          variance request if a conflict between employees arises before the
          schedule is posted.

          4.  After posting of the work schedule, schedule variance requests, if
          granted at all, will be to the first person to request the variance in
          writing.

          5.  The scheduling procedures for the Housekeeping Department are
          attached hereto as Addendum "B".

     (c) Except as provided for in Section 4 (a), the minimum shift for all
classifications will be for four (4) hours, except the Banquet Department which
has a three (3) hour minimum shift.

     (d) Split Shifts: Six (6) to eight (8) hours work within a spread of twelve
(12) consecutive hours with only one (1) split shall constitute a split shift.
Split shifts will be paid one (1) hour at the current minimum wage in addition
to wages earned, in accordance with current I.W.C. regulations.

Section 6. DISCRIMINATION AND EQUAL PAY:

     (a) There shall be no discrimination against any employee in accordance
with all applicable State and Federal laws.

     (b) The Union and the Employer agree the Employer shall be permitted to
take all actions necessary to comply with the Americans With Disabilities Act.
However, the Employer agrees that any accommodation made for an employee which
conflicts with any term or provision of this contract shall first be discussed
with the Union prior to its implementation. In any event, the only issue under
this provision that may be subject to the grievance procedure is pursuant to the
security provisions of this Contract.

Section 7. MEALS AND REST PERIODS:

     (a) All meals furnished under this contract will be above and beyond the
wage scales set forth in this contract and at no cost to the employee, except
for any applicable State or Federal tax liability.

     (b) Any employee working four (4) hours or more per day shall receive one
(1) hot or one (1) cold meal of comparable quality to that served to the
customer, excluding gourmet items.

     (c) Any employee working a full shift shall be given an opportunity to eat
a meal within not less than two (2) or more than five (5) hours from the
commencement of the shift. This may be waived by mutual consent, but in no case
will an employee be allowed to work more than five (5) hours without a meal
break.

     (d) In the event that employees are not permitted to eat in the dining
room, they shall be provided with clean and sanitary facilities therefor, and be
responsible for removing their own dishes, silverware, glassware, etc., to a
proper station.

     (e) Where one (1) hot or cold meal is required to be furnished, pursuant
to this Section, and the employer fails to furnish such meal, he shall pay the
employee one dollar and fifty cents ($1.50) for each meal not furnished.
Employees who voluntarily do not eat the meal furnished by the Employer shall
have no claim on the Employer for cash in lieu of that meal.

Capitol Plaza Holiday Inn               4                       6/1/98 - 5/31/01
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     (f)  All employees shall be entitled to a ten (10) minute rest period for
every four (4) hours worked or major portion thereof.

Section 8.  WORK DAY, WEEK, AND OVERTIME:

     (a)  Seven and one-half (7 1/2) hours within eight (8) shall constitute an
eight (8) hour shift and a day's work, except for bartenders, security, night
auditors and graveyard housekeeping personnel. All of these employees shall be
paid for all eight (8) hours of their eight (8) hour shift (includes their
thirty (30) minute meal break).

     (b)  Any work performed in excess of an eight (8) hour shift shall be
compensated at time and one-half (1 1/2) of the regular rate of pay for each
major portion of each quarter (1/4) hour worked.

     (c)  Five (5) days in seven (7) consecutive days shall constitute a work
week. Any work performed on the sixth (6th) or seventh (7) day of any seven (7)
consecutive days shall be at time and one-half (1 1/2) of the regular rate of
pay.

     (d)  A ten (10) hour, four (4) day, work week may be implemented by mutual
 agreement of the Union and the Employer, in a given classification.

     (e)  Except for Banquet Department employees, no employee shall be allowed
to work more than one (1) shift in any one (1) calendar day. This shall not
prohibit the performance of overtime work consecutive with the shift completed.

     (f)  Except for Banquet Department employees, eight (8) hours must elapse
between any two (2) regular scheduled shifts. Should a period of eight (8) hours
not elapse between the end of any one (1) regular scheduled shift and the
beginning of the next regular scheduled shift, then overtime wages of one and
one-half (1 1/2) of the regular rate of pay shall prevail. This shall not apply
in case of emergency and with the mutual consent of both parties. This shall not
apply to split shifts as defined under Section 5.

Section 9.  VACATIONS AND LEAVES OF ABSENCE:

     (a)  Vacations with pay are hereby established for all employees. The
period of service for the purpose of earning a vacation shall begin with the
date of employment with this Employer and be calculated as follows:

          After twelve (12) consecutive months he shall be entitled to one (1)
          week's vacation with pay.
          After twenty-four (24) consecutive months he shall be entitled to two
          (2) weeks vacation with pay.
          Effective January 1, 1999, after eight (8) consecutive years and
          thereafter, he shall be entitled to three (3) weeks vacation with pay.
          Effective January 1, 1999, after fifteen (15) consecutive years and
          thereafter, he shall be entitled to four (4) weeks vacation with pay.

     Vacations shall not be cumulative: i.e., they may not be accumulated from
one twelve (12) month period (commencing with the anniversary date) to the next.
Pay for unused vacation time shall be paid out on the employee's anniversary.

     (b) Vacation pay shall be computed by the formula which follows. The
earnings upon which the computation is made shall be the total sum earned during
this period with the exception

Capitol Plaza Holiday Inn                   5                   6/1/98 - 5/31/01
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of banquet service charges and employee's declared tips, meals, premium holiday
pay and bonuses.

                           Vacation Pay Computation

     1st year - 2% of wages earned.
     2nd through 7th year - 4% of wages earned.
     8th through 14th year - 6% of wages earned.
     15th completed year and thereafter - 8% of wages earned.

     (c) For the purpose of pro-rating vacations for all employees, who quit or
are terminated and who have served more than six (6) months shall on termination
of employment be compensated in lieu of vacation as follows:

                         Vacation Pay Upon Termination

     6 months and up to 12 months - 2% of wages earned.
     13 months through 7th year - 4% of wages earned.
     8th year through 14th year - 6% of wages earned.
     15th completed year and thereafter - 8% of wages earned.

     (d)  Temporary layoffs or leaves of absence for non-medical reasons, not
exceeding the following schedule, shall not interrupt continuity of employment
for the purpose of vacation eligibility:

          1.  During the first year of employment - 30 days.
          2.  During the second and subsequent years of employment - 45 days.
          3.  Those employees with three or more years of seniority shall be
          entitled to a leave of absence of up to six (6) months.
          4.  These time periods shall not be cumulative.
          5.  The Employer shall grant eligible employees family care leaves as
          required by the Federal Family and Medical Leave Act and California
          Family Care Act. The Union and the Employer agree that this contract
          shall be interpreted to be consistent with these State and Federal
          Laws.

     (e) During each November, sign up sheets will be posted for vacation
selection. During that month, employees will have the option of choosing a
vacation period in the following calendar year. If two (2) or more employees
request the same time period for vacation, and all cannot be granted that
period, hotel seniority shall determine who will get that time period. If at the
end of November, an employee fails to schedule a vacation time period, the
Employer shall have the right to schedule that employee for vacation time off.
Unless there is a serious verifiable emergency, any employee who has been given
or selected a given vacation period may not request a change in said vacation
period unless at least fourteen (14) calendar days advance written notice is
given. In all cases granting of variances is at the sole discretion of the
Employer. Black-out

Capitol Plaza Holiday Inn                   6                   6/1/98 - 5/31/01
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periods, where no vacation will be granted, are at the sole discretion of the
Employer. However, if business allows, the Employer has the option of releasing
any of that time for vacations.

     (f)  Employees shall be entitled to one (1) additional week without pay to
follow consecutively after their paid vacation. The employee must request this
additional time off at the same time as they request their vacation pay; 45
calendar days in advance of the start of their vacation.

     (g)  The employee will be paid their vacation pay within thirty (30)
calendar days prior to the start of their vacation by means of the regular
payroll period. However, employees must fill out a vacation pay request
forty-five (45) calendar days prior to the start of their vacation for this to
be guaranteed. If after so doing this, the Employer fails to have the vacation
pay included in the regular pay period check, a separate check will be issued
for that vacation pay prior to the start of the vacation.

     (h)  The Employer will pay Medical, Dental and Pension payments for said
vacation time on the same hours as if the employee actually worked. This will
not apply to terminated employees.

Section 10. HOLIDAYS AND WELL DAYS:

     (a)  The following days shall be observed as holidays:
                New Year's Day (January 1)
                President's Day (3rd Monday in February)
                Memorial Day (last Monday in May)
                Independence Day (July 4th)
                Labor Day (1st Monday in September)
                Thanksgiving Day (4th Thursday in November)
                Christmas Day (December 25th)

Any work performed on such days shall be paid for at time and one-half (1 1/2)
the regular rate of pay. If an employee does not work on a holiday, said
employee is not entitled to holiday pay.

     (b)  Any non-tipped employee working on a holiday which is also their sixth
 (6th) or seventh (7th) consecutive day of work will be compensated at two (2)
 times the regular rate of pay.

     (c)  After one (1) year of continuous employment (including approved
medical leave of absence and vacation time) any employee who has also qualified
for medical, dental, and pension benefits will be entitled to paid well days in
accordance with the following schedule:

Effective:   1-1-99
             ------
      Employment         # of Days
      ----------         ---------
      1 Year                 1
      2 Years                2
      3 Years                5
      4 Years                6
      5 Years or more        7

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     (d)  Well days may be used to cover a day off for illness or injury, and
the Employer cannot demand a doctor's report unless that day is a holiday, or
immediately prior to or after a holiday, the vacation period, or regularly
scheduled days off. Other than this type of medical emergency, one week's notice
must be given to the Employer to schedule a well day off. The Employer has the
option to waive this advance notice. Well days may be taken off consecutively
where applicable. Unused well days may accumulate to a maximum of eighteen (18)
days. If currently over eighteen (18) days, the Hotel will pay off excess days.

Section 11. FUNERAL & JURY DUTY LEAVE:

     (a)  In the event of a death in the immediate family of an employee who has
one (1) or more years of employment with this Employer, that employee shall be
granted a leave of absence with pay not to exceed three (3) days. This provision
does not apply if the funeral occurs during the employee's vacation, leave of
absence, days off, lay off or sick leave. A day's pay shall be based upon an
employee's normal work schedule.

     (b)  The immediate family shall mean only a (step) father, (step) mother,
(step) brother, (step) sister, spouse, (step) child, (step) mother-in-law,
(step) father-in-law, or (step) grandparent.

     (c)  Funeral leave applies only when the employee must make arrangements
for the funeral and/or to attend the funeral. It is not applicable for other
purposes, such as settling the estate, etc.

     (d)  The Employer may demand verification of the death and the
relationship. The employee must notify his immediate shift supervisor as soon as
possible of the death and his necessary absence from work.

     (e)  Funeral leave hours shall count toward Medical, Dental and Pension
benefits calculations.

     (f)  Employees serving on jury duty shall retain their seniority, and the
Employer will continue to make contributions for them to continue their Medical,
Dental and Pension benefits on the same basis as their scheduled hours before
that jury duty. In no event shall the Employer continue Medical, Dental and
Pension benefits for more than thirty (30) calendar days per calendar year.

Section 12. MEDICAL AND DENTAL PLANS:

     (a)  The Sacramento Independent Hotel, Restaurant and Tavern Employees
Welfare Plan is hereby established. The details of the Trust Fund and the
Declaration of Trust dated the 1st day of April 1954 and the 1st day of August
1954, as executed by the parties hereto is hereby made a part of this contract.
The Fund shall be administered by the Employers and the Union through a Board of
Trustees. The Union recognizes the Sacramento HERE Employers' Association as the
representative body to appoint and/or remove Management Trustees on said Board,
provided said Association is legally constituted and approved by Employers
representing a majority of employees who are participants in the Fund.

     (b)  Eligibility Requirements: In all cases, for an employee to be eligible
for coverage he must work a minimum number of hours per calendar month
commencing with the calendar month immediately following the calendar month of
the date of hire as follows:

Capitol Plaza Holiday Inn                   8                   6/1/98 - 5/31/01
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     All Employees........60 hours or more per calendar month.

For all purposes under this contract, the above are known as the "minimum
required number of hours per calendar month." They must be worked for a single
contributing Employer under this contract.

     (c) Contributions: For each eligible employee the Employer shall contribute
during the term of this contract the following sums per calendar month; January
1999 contributions are based upon December 1998 hours:

1.   MEDICAL - Low Plan (Low Indemnity):
          1-1-99     $84.00      This rate is for all new hires, for their
          1-1-00     $88.00      first twelve (12) calendar months of
          1-1-01     $92.00      employment including anyone hired during
                                 the month of the 1999 ratification vote.

2.   MEDICAL - High Plan (fully paid Kaiser or High Indemnity):
          1-1-99     $119.00     This rate is for all employees who have
          1-1-00     $129.00     completed twelve (12) calendar months
          1-1-01     $139.00     of employment, or have been hired prior
                                 to the month of the 1999 ratification vote.

3.   During the term of this contract, PacifiCare HMO, or another equal value
HMO will be offered as an alternative plan. Any employee may choose either Plan
by completing the necessary paperwork within 30 days of hire or during the
annual open enrollment. Those employees must then co-pay the difference between
the PacifiCare premium, or its alternative, and the Employer's contribution each
month through payroll deduction.

4.   DENTAL:                        4-1-99      1-1-00      1-1-01
                                    ------      ------      ------
All Employees, 60 hours or more.....$13.00......$14.00......$15.00

      It is the desire and intent of the contracting parties to seek to preserve
a sound financial reserve in the Trust Fund to adequately meet the needs of the
participants of the Fund. Should depletions of the reserves occur in excess of
what can be recovered, then the Trustees will modify benefits temporarily until
such time as financially corrective measures can be taken.

      (d) Contributions to the Fund for work performed shall be paid not later
than the tenth (10th) day of the month following that in which such work is
performed. Contributions to be made to the Administrator of the Fund on forms
furnished to the Employer by the Fund showing name of the employee, social
security account number of new employees, number of hours worked, the amount of
contributions due, and such other information as required by the Trustees.

      (e) It is hereby agreed that the Employer shall permit a confidential
audit of payroll records by an authorized representative of the Medical Trust
Fund to verify hours worked only.

      (f) The Trustees of the Sacramento Independent Hotel, Restaurant and
Tavern Employees Welfare Plan shall not be obligated to, and are not authorized
to accept any

Capitol Plaza Holiday Inn             9                         6/1/98 - 5/31/01
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contributions from an Employer under this Section of the contract unless the
said Employer is currently a party to or bound by a current contract with the
Hotel Employees and Restaurant Employees Union Local 49.

     (g) The Employer agrees to pay up to two (2) months contributions per
calendar year for Medical and Dental benefits for any qualified employee who is
off work because of medical reasons. A qualified employee shall be deemed an
employee who has been qualified under this section for twelve (12) months
continuous service for this Employer.

     (h) The schedule of benefits to be provided for each eligible employee and
each covered dependent shall be determined by a majority of the Board of
Trustees of said Fund.

     (i) The Employer agrees to participate in an employee co-payment program
for dependent coverage. The co-payment schedule is set by the Trust Fund, and
the benefits provided shall be determined by the Trust Fund. The co-payments
must be transmitted to the Trust Fund concurrent with the payments for the
employee's coverage in order to maintain coverage. All of the conditions and
penalties apply to co-payment coverage that apply to employee coverage as stated
in this Section and the Contributions and Collections Section, as well as the
decision of the Trustees of that Trust Fund.

     (j) There will be an open enrollment period during the month of October.
Employees shall pay by payroll deduction, and the Employer shall remit to the
Fund each month its monthly contributions, the difference between the amount of
monthly contributions paid by the Employer, as shown above, and the actual costs
of providing the benefits of the Plans, as determined by the Trustees. For this
purpose, the Employer shall provide for automatic and continuing payroll
deduction. All employees participating in the Plan shall by this Contract be
deemed to have granted the Employer authorization to withhold from their wages
the amounts necessary to maintain coverage.

     These deductions will continue for one (1) full year for those originally
eligible. The deductions will be made only in months that the employee has 60
hours of work or pay and for which the Employer makes a contribution to the
Welfare Fund. In case of marriage, births, adoptions, etc., new dependents may
be added within 30 days.

     New employees will begin to have the dependent contributions deducted, if
they chose such coverage, in the last month of Employer contributions which
will make the family eligible for benefits in the succeeding month.

     Those employees who do not sign up their dependents when originally
eligible will have to provide evidence of insurability, at their own expense,
if they wish to enroll the dependent(s) at a subsequent annual open enrollment
period.

     The Employer will supply to the Trust Fund Administrative office a copy of
each payroll deduction form signed by an employee.

Section 13. PENSION:

(a) Sacramento Independent Hotel, Restaurant and Tavern Employees Pension Plan
is hereby established. The parties to this Contract shall enter into a Trust
Agreement complying with the provisions of Section 302(c), of the Labor
Management Relations Act, 1947, as amended, under which the Pension Plan shall
be administered and under which a Board of Trustees upon which Union and
Employer have equal representation shall be created. The Union recognizes the

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Sacramento HERE Employer's Association as the representative body to appoint
and/or remove Management Trustees on said Board, provided said Association is
legally constituted and approved by Employer's representing a majority of
employees who are participants in the "Fund."

     (b) Eligibility Requirements: In all cases, for an employee to be eligible
for coverage he must work a minimum number of hours per calendar month
commencing with the calendar month immediately following the calendar month of
the date of hire as follows:

     All Employees.......60 hours or more per calendar month.

For all purposes under this contract, the above is known as the "minimum
required number of hours per calendar month." They must be worked for a single
contributing Employer under this contract.

     (c) Contributions: For each eligible employee the Employer shall contribute
during the term of this contract the following sums per calendar month:

PENSION:                                   1-1-99      1-1-00      1-1-01
                                           ------      ------      ------
All Employees, 60 hours or more............$23.00......$28.00......$33.00

     (d) Contributions to the Fund for work performed shall be paid not later
than the tenth (10th) day of the month following that in which such work is
performed. Contributions to be made to the Administrator of the Fund on forms
furnished to the Employer by the Fund showing name of the employee, social
security account number of new employees, date of birth, number of hours worked,
the amount of contributions due and such other information as required by the
Trustees.

     (e) It is hereby agreed that the Employer shall permit a confidential
audit of payroll records by an authorized representative of the Pension Plan
Trust Fund to verify hours worked only.

     (f) The Trustees of the Sacramento Independent Hotel, Restaurant and Tavern
Employees Pension Plan shall not be obligated to, and are not authorized to
accept any contributions from an Employer under this Section of the contract
unless the said Employer is currently a party to or bound by a current contract
with the Union.

     (g) The schedule of benefits to be provided for each eligible employee
shall be determined by a majority of the Board of Trustees of said Fund.

Section 14. CONTRIBUTIONS AND COLLECTIONS:

     (a) Failure to pay contributions required under Sections 12 and 13 of this
contract when due may result in impairment of or loss of benefits to the
employees and result in additional costs in the administration of the Trust
Funds. It is impractical and extremely difficult to fix the actual damage
resulting from failure to pay the contributions in the manner and at the times
provided in Sections 12 and 13. The contributions are due on the tenth (10th) of
the month. Consequently, if the Employer fails to make such contributions by the
twentieth (20th) of the month in which such contributions are due, the Employer
shall pay an additional sum equal to ten

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percent (10%) of the contributions due and payable in such month, or fifty
dollars ($50.00), whichever is greater, as liquidated damage for each such late
payment. In addition the Employer shall pay interest in the amount of one and
one-half percent (1 1/2%) per month (eighteen percent (18%) annual interest) on
the unpaid balance.

     (b) In the event the Employer willfully fails to report and pay the
contributions as required by Sections 12 and 13, or in the event the Employer so
negligently keeps and maintains his books and records that the amount of the
contributions reported and paid are ten percent (10%) less than the total
contributions found to be due under Sections 12 and 13, he shall pay the cost of
the audit, but in no event more than one thousand dollars ($1,000).

     (c) In the event the Trustees are required to file suit to collect
contributions due under Sections 12 and 13, the Employer agrees to pay such sums
as the court shall fix as attorneys' fees and court costs.

     (d) The parties hereto hereby authorize the Trustees of the Sacramento
Independent Hotel, Restaurant and Tavern Employees Welfare Plan Trust, and the
Trustees of the Sacramento Independent Hotel, Restaurant and Tavern Employees
Pension Trust, to waive or compromise the liquidated damages, cost of audit,
and/or attorneys' fees provided above when in their judgment such waived or
compromise is deemed just and proper.

     (e) The parties hereto agree to abide by any and all action taken by the
Trustees of the Health and Welfare Plan and the Pension Plan or a successor
Trust designated by the Union between January 1, 1999, and May 31, 2001.

Section 15. SUPERIOR WORKERS AND PREMIUM PAY:

     (a) The scale of wages in this contract are minimum scales and do not
prohibit a superior worker from receiving a higher wage scale.

     (b) Employees receiving premium pay above the contract wage scale shall be
red circled and shall be given the same increase that the contract rate
receives.

     (c) No employee shall as a result of the signing of this contract suffer a
reduction in his wages or fringe benefits.

     (d) If the State or Federal Minimum Wage is established at an amount in
excess of the wage scales in this contract, then those minimum wages established
shall take effect immediately in this contract in lieu of wages herein
established.

Section 16. COMBINATION JOBS:

     When an employee occupies a position combining two (2) or more
classifications in any day, said employee shall be paid for the time worked in
each classification at the contract rate of pay for that classification. This
shall not apply to relief for meal periods or rest periods nor to employees for
whom combination scales are fixed in this contract.

Section 17. DISCIPLINARY ACTIONS:

     (a) The Employer may only discipline, suspend or terminate for reasons of
just cause. The Employer shall have the right to establish reasonable rules,
policies and regulations to maintain a safe and efficient operation.

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<PAGE>

     (b) Written disciplinary notices (written warnings, suspensions and
terminations) issued to employees must specify the events or actions for which
the notice is issued. Written disciplinary notices shall be issued to employees
within five (5) calendar days excluding Saturdays, Sundays, vacations, leaves of
absence, and holidays, after the Employer first became aware of the event or
action for which the disciplinary notice has been issued. Employees shall be
provided with a copy of the notice and a copy shall be mailed to the Union.

     (c) The Union shall have the right to challenge the propriety of any
discipline and/or termination pursuant to the requirements of the Grievance
Procedures Section of this Contract.

     (d) It is understood that except in cases which are considered serious
enough for immediate termination, discipline shall be progressive and corrective
in nature. Warning notices, including suspensions, shall be considered null and
void after a period of twelve (12) months.

     (e) Probationary Period. An employee may be terminated or disciplined for
any reason during the first ninety (90) calendar days of employment (the
probationary period) and such termination or discipline shall not be subject to
the grievance or arbitration procedures of this contract.

     (f) An employee may not be terminated while:
          1.  On vacation.
          2.  On written leave of absence.
          3.  On medical leave not exceeding four (4) months if employee
              furnishes Employer with monthly progress reports of doctor and
              full release from doctor upon returning to work.

Section 18. NO STRIKE AND NO LOCKOUT:

     Both the Union and the Employer recognize the service nature of the hotel
business and the duty of the Employer to render continued and hospitable service
to the public by supplying food, lodging, and other hotel accommodations.
Therefore, neither the Union or any of the employees will call, engage in,
participate in, or sanction any strike, sympathy strike, slow-down, stoppage of
work, picketing, or boycott during the life of this Contract. The Employer shall
not engage in a lock out during the life of this Contract.

Section 19. HOUSE CARDS AND UNION BUTTONS:

     (a) This establishment may display the International House Card, and it
shall at all times remain the property of the Union, and may be removed from
this establishment for failing to comply with this contract.

     (b) Employees may wear one (1) standard Local 49 Union Button while on
duty.

Section 20. UNION SECURITY:

     (a) The Employer shall notify the Union of all job openings within the
bargaining unit covered by this Contract. The Union may refer qualified
applicants for those openings. The Employer shall be the judge of the
qualifications of his employees and applicants.

     (b) All present employees who are not members of the Union on the effective
date of this Contract shall, as a condition of employment, on or after the
thirtieth (30th) calendar day following the effective date of this Contract
become and remain members of the Union.

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<PAGE>

     All new employees hired on or after the effective date of this Contract
shall, as a condition of employment, on or after the thirtieth (30th) calendar
day following the beginning of such employment, become and remain members in
good standing of the Union.

     As a condition of continued employment, all employees must be members of
the Union. For purposes of this Section, the terms "members of the Union" and
"members in good standing" shall be defined as one who timely tenders any
Initiation fee and/or monthly dues as set forth in the Bylaws and Constitution
of the Union and in accordance with applicable law.

     (c) Upon written notice from the Union of failure on the part of any
individual employee to complete or maintain membership in the Union as above
required, the Employer shall within seven (7) calendar days of such notice,
terminate such employee. The Union agrees to and will hold the Employer harmless
from and will indemnify the Employer from any and all claims, including
attorneys' fees and costs, that may be asserted as a result of any such Union
request for termination of an employee.

     (d) No employee shall be allowed to enter into any individual contract or
agreement with his Employer concerning conditions of employment or wages which
are less than the conditions of employment or wages contained herein for hours
worked.

     (e) If a salaried supervisorial employee works at the trade he must become
or maintain his membership in the Union in good standing; providing, however,
this Section shall not be applicable to work at the trade in emergencies, fill-
in work during vacation periods, and under other circumstances mutually agreed
to by the Employer and the Union.

     (f) When an employee is hired, the Employer will notify the employee of
this contract. Within seven (7) calendar days following the date of hire, the
Employer shall notify the Union in writing of the name, date of hire,
classification, rate of pay, address and social security number.

Section 21. EMPLOYER'S OPERATION:

     All provisions of this contract shall be equally effective under any sub-
contract or concession covering work performed in or outside of the
establishment of the Employer within the classification of work as set forth in
the terms of this contract. (The status of the gift shop is governed by Addendum
A of this contract.)

     In the event business conditions necessitate the subcontracting of any one
or all services performed in any bargaining unit classification, the Employer
agrees to give the Union sixty (60) days notice of its intention to subcontract
and will agree to meet and discuss the issue with the Union should there be any
adverse impact upon any bargaining unit member. The Employer further agrees to
inform the subcontractor of the existence of the contract, and in good faith
make their best effort to ensure the subcontractor retains the current
employees.

Section 22. GRIEVANCE PROCEDURES:

     For purposes of this contract, a grievance shall be defined as a dispute,
or difference of opinion, between the Union and the Employer involving the
meaning, interpretation, or application of this contract, or the alleged
violation of any provision of this contract.

     Both parties having mutually agreed to the benefits of speedy resolutions
of grievances, especially disciplinary action for alleged violations of house
rules, procedures or terms and

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<PAGE>

conditions of this contract. All such disputes shall be processed in the
following time and manner. Time limits at any step in the procedure may be
waived by mutual agreement of the parties.

     Step 1. The employee may discuss the matter with his supervisor on an
informal basis to settle the matter promptly. The employee may have a Union Shop
Steward or Union representative assist him in Step 1. if he so desires.

     Step 2.

          (a) If the grievance is not resolved at Step 1., the Union
Representative shall meet with the Employer, or his authorized representative,
for the purpose of attempting to resolve the dispute.

          (b) The employee or the Union Representative must submit all
disciplinary grievances in writing to the Employer within ten (10) calendar days
after the disputed discipline occurred, or it will be deemed waived by the
grieving party, as well as both the Union and the Employer.

          (c) All non-disciplinary grievances must be submitted in writing to
the other party within twenty (20) calendar days of first knowledge of said
grievance or it will be deemed waived by the parties.

          (d) If a settlement of the grievance is not reached during Step 2.,
then the Union may file for a Board of Adjustment (Step 3.). In any event, the
Union must file for a Board of Adjustment within ten (10) calendar days of the
date that the grievance was filed in writing with the Union. Failure to request
an Adjustment Board in the prescribed time frame shall disallow any further
action on the grievance unless the time period is waived by the Union and the
Employer.

      Step 3.

          The Adjustment Board shall meet within seven (7) calendar days of a
request for a hearing. The Adjustment Board shall consist of two (2)
representatives from each contracting party. The Adjustment Board shall be
empowered to hear and resolve, by simple majority, all grievances properly
brought before them. Any decisions of the Adjustment Board shall be final and
binding. If the Adjustment Board cannot agree on any matter before it, the
grieving party may request arbitration. Said request must be done within seven
(7) calendar days of the deadlocked decision of that Adjustment Board, or that
grievance shall be deemed waived by both parties.

Section 23. ARBITRATION:

     (a) If arbitration is resorted to, the decision of the arbitrator shall be
final and binding upon both of the parties. The time limits contained herein may
be waived by mutual agreement of the parties.

     (b) Within ten (10) calendar days of the request to arbitrate, the parties
shall choose an arbitrator from a list of seven (7) arbitrators provided by the
Federal Mediation & Conciliation Service.

     (c) Expedited arbitrations shall commence within twenty-eight (28)
calendar days of the request for arbitration in all disciplinary grievances.

     (d) All non-disciplinary grievances shall proceed at the earliest possible
date, and the arbitrator chosen must be instructed by the parties to render his
written decision within thirty (30)

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<PAGE>

calendar days of the arbitration, unless a bench decision has been mutually
requested by the parties.

    (e) Arbitration hearings shall be conducted in accordance with the
following procedures:

     1. Continuances may be granted by the Arbitrator, but any cost shall be
     paid by the requesting party.

     2. There shall be no formal rules of evidence.

     3. Hearings shall normally be completed within one (1) day.

     4. The Arbitrator shall have sole authority to rule on all motions and to
     decide the case.

     5. Bench decisions shall be the rule in all disciplinary cases, unless
     otherwise agreed to beforehand by the parties.

     (f) Each party shall bear their own cost of the arbitration excluding the
Arbitrator's fee and his related costs which shall be equally divided between
the parties.

     (g) The Arbitrator shall not have the power to add to, or to modify any of
the terms, conditions, sections or subsections of this contract. The
arbitrator's decision shall not go beyond what is necessary for the
interpretation and application of this contract in the case of the specific
grievance at issue.

     (h) No grievances that arose between June 1, 1998, and January 22, 1999,
are subject to the provisions of Section 23.

Section 24. DUES AND FEES CHECK-OFF:

     (a) The Employer will deduct from their wages and turn over to the duly
designated officer of the Union the membership dues, initiation fees, and
reinstatement fees of such members of the Union as individually and voluntarily
certify in writing on and after the date of this contract that they authorized
such deductions. Such written authorizations shall be irrevocable for a period
of one (1) year or until the termination or renewal of this contract, whichever
occurs sooner, and such written authorizations shall be automatically renewed
and shall be irrevocable for successive periods of one (1) year or until the
termination or renewal of this contract, whichever occurs sooner, and such
written authorizations shall be automatically renewed and shall be irrevocable
for successive periods of one (1) year each, or for the period of such
succeeding contracts between the Employer and the Union, whichever shall be
shorter, unless written notice of revocation is given to the Employer and a copy
sent to the Union not more than fifteen (15) calendar days before the expiration
of each period of one (1) year, or each succeeding contract between the Employer
and the Union, whichever occurs sooner. All dues and fees deducted from an
employee's paycheck are then the property of the Union and are being held in
trust for the Union until delivered to the Union.

     (b) The form of such written authorization shall be on a form supplied by
the Union and approved by the Employer, which form shall be attached hereto and
made a part of this contract and marked Addendum "C."

     (c) Deductions for Union membership dues and fees pursuant to this Section
shall be made from the second (2nd) paycheck of the employee after receipt of
the authorization and monthly thereafter on the first (1st) payday of each month
for such time as the authorization remains in effect.

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<PAGE>

     (d) The provisions of this Section are intended solely as an accommodation
to the Union. It is expressly agreed and clearly understood by the parties that
no agency, bailment, or any other relationship is created, intended, or shall be
implied between the Employer and the Union, or between the Employer and any
employee or group of employees. Further, the Union specifically agrees to hold
the Employer harmless from any and all losses, damages, or injury of every
nature whatever, including but not limited to the expenditure of all attorneys'
fees and all court cost incurred by the Employer by reason of the provisions of
this Section.

Section 25. WORKER'S COMPENSATION:

     (a) The Employer has secured worker's compensation insurance coverage and
will make every reasonable effort to see that injured employees receive prompt,
adequate medical attention. Any employee sustaining a work related injury must
immediately report said injury to his supervisor and if necessary request
medical attention from that supervisor. When an employee has an on the job
injury that requires off site medical attention he shall be required to take a
drug test.

     (b) Prior to hiring or within thirty (30) calendar days of hiring an
employee or prior to returning to work from an injury, the Employer may require
that the employee take a physical examination at no cost to the employee. The
intention here is to avoid having employees on jobs which might jeopardize their
health or the safety and health of others. Should the medical examination
disclose such conditions, the Employer will make every effort to assign the
employee to work within his capability. When such other work is not available,
the employee may be removed from the payroll and the case taken up with a
representative of the Union.

     (c) All employees will observe all safety rules set up by the Employer.

     (d) The Employer agrees to add two (2) bargaining unit employees to the
Health & Safety Committee.

Section 26. MANAGEMENT RIGHTS RESERVED:

     The Employer shall have the right to determine the extent of its
operations and to determine when any operation shall function, or shall be
halted, and when services shall be increased and decreased. The authority to
hire employees, to direct, retire, promote, transfer, train, layoff, or dismiss
any employee for just cause, to maintain discipline, to make reasonable rules,
to determine work schedules, and the number of hours an employee may work per
day or per week, shall be vested in the Employer, subject to the provisions of
this contract.

Section 27. SENIORITY:

     The Employer and the Union agree that the purpose of seniority is to
accord consideration to senior employees in recognition of their length of
service to their Employer. Seniority is further intended to provide maximum work
opportunity to senior employees.

     (a)  Definition:

     1. Hotel seniority is an employee's length of continuous service in years,
months and days from his most recent date of hire into the bargaining unit.

     2. Classification seniority is an employee's length of continuous service
in years, months and days from his most recent date of hire, promotion or
transfer into his present classification. If

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<PAGE>

two or more employees are employed within the same classification on the same
day, their seniority shall be determined by whoever is born on the earliest day
of the year.

     (b)  Layoff and Recall:

     When it is necessary to lay off employees, those with the least amount of
seniority in the job classification shall be laid off first. When the workforce
is increased within the classification, employees on layoff shall be recalled in
order of their job classification seniority. All employees on layoff shall be
recalled before the hiring of any new employees.

     (c)  Scheduling:

     1. Preference for sbifts and days off shall be based on classification
seniority.
     2. Preference for vacation schedules shall be based on hotel seniority.
     3. Employees with the greatest classification seniority shall have the
preference of work schedules including days off. A work schedule is defined as a
series of days of work, starting/quitting times and days off.

     (d)  Probationary Period:

     A newly hired employee shall be considered a probationary period employee
until he has completed ninety (90) calendar days of employment. Once the
probation period has been completed his seniority shall date back to his date of
hire. A probationary employee may be laid off or terminated without recourse to
the grievance procedure.

     (e)  Promotions and Transfers:

     1. In filling job vacancies which may exist within the bargaining unit, the
Hotel subscribes to the philosophy of promotion from within. Among employees who
are quafified for said job vacancy, in the judgment of the Employer, house
seniority shall be the final determining factor in making such selection.

     In the event of a dispute as to the qualifications of an employee for a
promotion, the Union may file a grievance that the Employer has made its
determination arbitrarily or capriciously.

     Nothing herein shall preclude the Employer from hiring an applicant from
outside the Hotel or bargaining unit once all internal candidates have been
considered.

     2. In the event that an employee who, within sixty (60) calendar days of
his promotion or transfer, desires to return to his former position or is deemed
not qualified to hold the new position, he shall be returned to his former
classification without loss of seniority. This provision shall apply to
promotions or transfers to positions both inside the bargaining unit and outside
the bargaining unit. It is further understood that while an employee is training
for an upgraded position, he shall retain all seniority rights in his base
classification.

     3. Employees who have been promoted into a new classification and as a
result of that promotion are not able to achieve the same amount of hours as
they were previously working pursuant to their seniority, shall retain the right
to work in their previous classification to supplement their hours under the
following terms and conditions:

     (a) The new classification shall be the primary job and therefore shifts
     must be satisfied there first, prior to working in the previous
     classification;
     (b) No overtime will be incurred unless agreed to by the Employer;

Capitol Plaza Holiday Inn                   18                  6/1/98 - 5/31/01
<PAGE>

     (c)  At the time of promotion, on a form to be provided by the Employer,
     the employee shall choose whether or not he wants additional hours in his
     previous position in the event he loses hours in his new position due to
     his promotion.

     (d)  Such protections shall be valid for six (6) months beginning the first
     date of employment in the new position.

     In completing and filling out his weekly schedules with work from the
previous classification, the promoted employee shall exercise his seniority in
that classification in a manner which minimizes the disruption of the schedules
in that classification, i.e., bumping the least senior person in the
classification which will allow him to make up hours equivalent to his previous
schedule.

     (f) Termination of Seniority:

     An employee's seniority shall be terminated by:
     1. Termination for cause
     2. Voluntary quit
     3. Failure to return to work at the end of a leave of absence
     4. Absence from work for three (3) consecutive days without notifying and
     providing a satisfactory excuse to the Employer.
     5. Failure to report for work after layoff within three (3) calendar days
     after having been recalled by a notice sent to the employee's last known
     address by certified mail.
     6. A layoff of three continuous months except where the property has been
     temporarily closed, in whole or in part, for purposes of remodeling or
     reconstruction. In such a case, the "closed time" shall not be counted
     toward the three (3) month period of layoff.

     (g) Seniority Lists:

     Upon request the Employer shall furnish the Union with a current seniority
list every six months. The Employer shall also post an updated seniority list
within 10 calendar days of the signing of this contract. Employees shall have
ten (10) calendar days from the date of posting to notify the Employer or the
Union of any errors in the list.

     (h) It shall be the responsibility of the employee to keep the Employer and
the Union informed of his current address and telephone number at all times.

Section 28. TERMS, TERMINATIONS, AND AMENDMENTS:

     This contract shall be in effect from June 1, 1998, to and including May
31, 2001, and shall remain in full force and effect from year to year thereafter
unless either party shall serve written notice upon the other of a desire to
amend said contract no later than February 1, 2001, or any subsequent February
1st thereafter.

Section 29. CRAFT RULES, REGULATIONS, AND WORKING CONDITIONS:

     (a) LINEN, LAUNDRY AND UNIFORM: The Employer shall furnish linen and
uniforms and launder same without expense to the employee. The Employer reserves
the right to select the style or type of special uniform required in his
establishment. Any special uniform that is considered wash and wear will be
laundered by the employee at no expense to the Employer.

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<PAGE>

The ordinary black or white food servers garment which may be worn in other
establishments shall not be considered as a special uniform.

     A cook's uniform shall consist of pants, cap, apron, and jacket, shirt, or
dress. When the Employer does not furnish and launder cooks uniforms, he shall
pay one dollar ($1) per day in lieu thereof. This shall not apply when an
employee refuses to wear the uniform furnished by the Employer, provided such
uniforms are wearable and are those customarily worn in the Employer's
establishment.

     Any Employer electing to pay wages in excess of those called for in
Section 30 shall not be relieved of this provision. Any Employer electing to
reimburse the employee in lieu of uniforms and laundry shall designate such
reimbursement on the payroll check stub.

     (b) BREAKAGE, CASH SHORTAGE, CONTRIBUTIONS AND DEDUCTIONS:

     No employee shall be required to contribute to a captain, head food server,
bartender, or anyone in charge.

     Unavoidable or accidental breakage or spillage of merchandise or equipment
shall not be charged against an employee.

     No Employer shall make any deductions from the wage or require any refund
from an employee for any cash shortage, breakage, or loss of equipment unless it
can be proved that the shortage, breakage, or loss is caused by a dishonest or
willful act, or by the gross negligence of the employee.

     No employee shall be held responsible for walkouts or when guests refuse to
pay checks. No employee shall be held to pay the house any part of an
undercharge.

     Cash Shortages: No employee shall be held liable for any cash shortages if
more than one (1) employee has access to the employee's cash drawer. In the
event of an excessive cash shortage, the employee must notify the Employer or
his authorized representative for verification, or be held liable for such
shortage.

     (c)  CLEANING:

     1.   No food or beverage server shall be required to wash or wipe glasses,
silverware, creamers, tea or coffee pots, or other utensils as part of their
regular duties. This Section will not be applied to bartenders.

     2.   Food and beverage servers shall not be required or permitted to do any
work designated as "porter" work, including sweeping, scrubbing floors or walls,
defrosting or cleaning the inside of ice cream cabinets or refrigerators and
similar work; except the cleaning of back bars and counter may be required as
part of food server's work.

     3.   It is the responsibility of all employees to clean up spills whether
or not they caused the spill. This provision shall not result in amending
existing job descriptions.

     (d)  PAYMENT OF GRATUITIES:

     1.   Any house accepting charge accounts or credit cards on which a
gratuity or service charge is specified for any employee shall pay the same to
said employee upon the completion of the shift. An Employer may require a refund
of any gratuities or service charges made on a credit

Capitol Plaza Holiday Inn                   20                  6/1/98 - 5/31/01
<PAGE>

card which the employee has received and for which payment is later disallowed
or refused. This does not apply to house charge accounts.

     2.  All banquet and catering gratuities and service charges will be
distributed in the following manner:

          a. Eighty percent (80%) of the customary 15% gratuity and/or service
             charge shall be distributed to the employees working the affair;
             and

          b. Twenty percent (20%) may be distributed to the banquet manager,
             catering manager and others.

          c. Where more than the customary 15% gratuity and/or service charge is
             charged for the affair, the distribution of the excess portion
             shall be at the discretion of the Employer.

The Employer shall be responsible for and guarantee the distribution of said
gratuities or service charges and all banquet and catering gratuities received
in accordance with this rule. Said service charge or gratuity will be in
addition to the wages set forth in this contract.

     The distribution formula may be deviated from where the success of the
affair is substantially due to the particular skills and/or labor of employees
other than regular banquet personnel, in which case the gratuity or service
charge will be distributed in a fair and equitable manner to all employees
concerned.

     3.  Representatives of the Union shall have the right to inspect all
records in connection with any gratuities or service charges and disposition of
same on behalf of employees working a particular function on request.

     (e)  BANQUET RULES:

     1. All banquets served on Sunday after 11:00 a.m. shall receive the dinner
scale. If banquet servers, after completing their parties, are transferred to
ala carte service, they shall, after three (3) hours be paid the appropriate ala
carte rate per hour. No banquet server will work ala carte without the
employee's consent.

     2.  Dinner dances where food servers collect all checks, shall be paid the
ala carte scale. Non-collecting dinner dances shall be paid at the banquet rate
per hour with a minimum of three (3) hours.

     3.  Steady help are not allowed to work on banquets unless extra help is
not available; provided this shall not apply where the use of extra banquet
servers will result in closing stations. Steady help working on banquets of
twenty-five (25) or more shall receive banquet scale regardless of number of
guests served. Steady help may be employed on parties of twenty-four (24) or
less at regular rate for steady employment. The scale for breakfast applies only
to employees called at 5:00 a.m. or later.

     4.  No food server shall be required to wait on more than thirty (30)
guests. It is mutually understood that the Employer will estimate one (1) food
server to every thirty (30) guests. In case of overflow or any other emergency
and the food server waits on more than the allowed thirty (30) guests, they will
be paid forty cents ($.40) for each additional person.

     5.  Buffets: No employee shall be required to serve more than fifty (50)
guests on a service buffet; on semi-service buffets, they may serve sixty (60)
guests; on hors d'oeuvres and receptions one (1) food server for every eighty-
five (85) guests.

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<PAGE>

     6.  All banquet scales will be for a three (3) hour minimum. Setting up and
overtime will be at the same hourly rate as the actual banquet. Where travel is
involved employees will be paid the same hourly rate for time of travel.
Employees who are requested to use their own car to transport other employees to
and from the job shall receive an additional twenty cents ($.20) per mile for
their car expense. This only applies to catered parties and banquets held over
ten (10) miles from place of employment.

     7.  All banquet workers shall be called through the union except house
steady banquet employees. All banquet gratuities and/or service charges are to
be paid on the next payroll after the party has been paid for. Head banquet
servers shall not receive less than fifty cents ($.50) per hour over the banquet
scale.

     8.  All extra banquet employees will be paid on the next regular payroll of
the Employer.

     9.  All banquet shifts will be individual shifts and paid for by the
individual banquet scale for same; however, where two (2) or more banquets are
worked in one (1) day in any one (1) house, the total pay cannot be below the
State Minimum Wage including overtime and split shifts.

     (f) GUEST ROOM ATTENDANTS AND HOUSE PERSON'S DUTIES:

     1.  A guest room attendant will be required to change all linen daily,
clean the bath, vacuum, dust, clean the windows and fixtures, replace light
bulbs in lamps and anything else that is required to maintain the everyday
cleanliness of a room.

     2.  A house person shall assist the guest room attendant by picking up
trash and soiled linen from the attendant's cart, stock and maintain the linen
closets, move furniture, vacuum and maintain halls or sidewalks, shampoo rugs
and repair or replace items in a room, i.e., lamp shades, drapes, overhead light
bulbs, stopped up drains, etc.

     3.  A guest room attendant shall not be required to do more than fifteen
(15) rooms in one (1) day. If suites or apartments consist of more than one (1)
room, each room in the suite or apartment shall be considered as a room for the
total number of rooms for a day. Any additional rooms in excess of those called
for in the above schedule, the employee shall be compensated at the rate of two
dollars ($2.00) per room. If any dispute arises on the subject, the Employer
agrees to discuss the matter with the Union in an effort to effect an amicable
disposition of the complaint.

     4.  If a room contains two (2) or more rollaway cots, one (1) room will be
reduced from the daily quota.

     (g) MAINTENANCE EMPLOYEES:

Maintenance Worker I (Assistant Chief)

     In addition to performing all duties described under the other
classifications of this department, the Maintenance Worker I may, under the
supervision of the Chief of Maintenance, supervise a crew, assign them to their
duties, devise shift schedules, be responsible for a preventative maintenance
program and a M.S.D.S. program. The Maintenance Worker I must also possess a
Class 2 - EPA certification.

Capitol Plaza Holiday Inn                   22                  6/1/98 - 5/31/01
<PAGE>

     He may, subject to advance approval, order and purchase parts and supplies,
call in contractors when necessary and keep management advised of his
department's activities. He also coordinates maintenance work with other
departments.

Maintenance Worker II:

     Generally, under the direction of either Chief Engineer or the Maintenance
Worker I, the Maintenance Worker II performs the duties itemized below, but is
not limited to those duties. This outline is only a summary of the job
responsibilities and is not considered a restrictive job description.

     Electrical: Repairs, replaces and maintains motors, controls, switches, and
relay wiring. Changes ceiling light bulbs. Locates problems and diagnoses
malfunction.

     Refrigeration/Air Conditioning: Repairs, replaces and recharges
refrigeration/air condition systems, cleans oils, flushes liquid condensers,
adjusts temperature and pressure controls, replaces and cleans filters, replaces
certain components as may be required - usually short of major overhaul.

     Plumbing: Repairs, replaces and maintains all plumbing fixtures including
faucets, flushometers, drains, toilets, sinks, showers, minor pipe failures,
evaporative coolers, sprinklers, valves and pumps.

     Carpentry: Builds shelves, racks, partitions, platform, including
remodeling. Constructs various items as required by Employer.

     Locks: Changes and repairs locks, make keys, install new locks.

     Roofing: Locates leaks or damage and repairs. Maintains all roofing mounted
equipment.

     Floors: Repairs and replaces tiles, linoleum and/or carpet. Repairs or
resurfaces floors.

     Walls: Patch and plaster, paint or vinyl, or otherwise repair walls and
partitions including wall tile. Mount such items as mirrors, pictures, lamps,
headboards and shelves.

     Heating: Maintains boiler components, gas and electrical, water heater,
piping, valves and control systems.

     Furniture: Repairs any and all guest room and public area furnishings.

     Emergency Life Safety Systems: Bi-monthly testing and preventative
maintenance, including repairs of fire sprinkler pumps and emergency lighting
generator. Tests and replaces emergency lighting batteries.

Maintenance Worker III (Helper/Utility Worker)

     Under the supervision of either the Chief Engineer or the Maintenance
Worker I or II, the Utility worker performs the duties itemized below, but is
not limited to those duties. This outline is only a summary of the job
responsibilities and is not considered a restrictive job description.

     Electrical: Repairs, replaces switches, lamp cords and sockets, light
fixtures, changes light bulbs.

     Air Conditioning/Heating: Cleans and replaces filters, cleans coils,
adjust temperature controls, replaces faulty room units.

     Plumbing: Repairs, replaces and maintains all plumbing fixtures including
flushometers, drains, toilets, sinks, showers, minor pipe failures. Maintains
and back flushes swimming pools.

Capitol Plaza Holiday Inn                   23                  6/1/98 - 5/31/01
<PAGE>

     Carpentry: Assists with building of shelves and racks. Constructs various
items as required by the Employer.
     Roofing: Assists with roof leak repairs.
     Floors: Repair or replacement of tiles, linoleum and/or carpet.
     Walls: Patching, plastering, painting or vinyling of walls, including other
repairs. Mount such items as mirrors, pictures, headboards and shelves.
     Furniture: Repair of any and all guest room and public area furnishings.

     (h) COMBINATION LAUNDRY WORKER/UNIFORM ROOM ATTENDANT:
     Duties:    1.  Maintains employee uniforms
                2.  Makes minor alterations of uniforms and linen
                3.  Laundry work.

Section 30. WAGE SCALES:

     SENIORITY INCENTIVE:
     Amount           Beginning on hire date
     ------           ----------------------
     10 cents per hour  1st Anniversary
     20 cents per hour  3rd Anniversary
     30 cents per hour  5th Anniversary
     40 cents per hour  10th Anniversary

     The above amounts will continue to be paid over the contract wage scale
according to the individual's job classification and are not cumulative.

     * * * Effective on the date of contract ratification, January 22, 1999, all
employees receiving a seniority incentive under the above provisions will
continue to receive that same amount of incentive. However, that amount received
is frozen for this contract term. Employees not yet eligible, and all new
employees, will not become eligible for the seniority incentive during this
contract term.

WAGE SCALES - THE FIRST EFFECTIVE RAISE FOR ALL EMPLOYEES IS THE CONTRACT
RATIFICATION DATE (January 22, 1999)

                               TIPPED EMPLOYEES
                               ----------------

BARTENDERS                     1-22-99     6-1-99     6-1-2000
----------                     -------     ------     --------
Service and/or Combination.......$7.32......$7.52........$7.72
Regular.......................... 7.13...... 7.33........ 7.53
Banquet:
  6 hour guarantee............... 8.95...... 9.15........ 9.35
  3 hour guarantee............... 9.45...... 9.65........ 9.85

Capitol Plaza Holiday Inn                   24                  6/1/98 - 5/31/01
<PAGE>

FOOD SERVERS AND BUSPERSONS         1-22-99        6-1-99        6-1-2000
---------------------------         -------        ------        --------
Food and Beverage Servers............$5.85..........$5.95..........$6.05
Bus Persons.......................... 5.85.......... 5.95.......... 6.05
Head Food Server..................... 6.05.......... 6.15.......... 6.25
Banquet Captain...................... 6.15.......... 6.25.......... 6.35

Dinners and Banquets (Food and Beverage Servers and Bus Persons)
Breakfast, Lunch or Tea.............. 5.85.......... 5.95.......... 6.05
Dinner............................... 5.90.......... 6.00.......... 6.10
Dinners, commencing after 9:00 a.m... 6.05.......... 6.15.......... 6.25

BELLPERSONS/VALET PARKING ATTENDANTS
------------------------------------
Bell Captain......................... 5.90.......... 6.00.......... 6.10
Bell Person.......................... 5.85.......... 5.95.......... 6.05

Valet Parking Attendants * *......... 5.85.......... 5.95.......... 6.05
  * * A shift differential of $.25 per hour will be added to all hours worked
     on the graveyard shift.

                             NON-TIPPED EMPLOYEES
                             --------------------

DINING ROOM/BANQUETS
--------------------
Host Person, Cashier ................$6.55......... $6.90......... $7.25
Banquet Setup (after 5 p.m.).........$6.50.......... 6.85.......... 7.20

KITCHEN
-------
Lead Cook ...........................$9.25..........$9.60..........$9.95
Dinner, Second or Broiler Cook ...... 8.04.......... 8.39.......... 8.74
Fry Cook............................. 7.84.......... 8.19.......... 8.54
Pantry............................... 7.22.......... 7.57.......... 7.92
Kitchen Worker, Porter, Dishwasher... 6.52.......... 6.87.......... 7.22

FRONT DESK AND CLERICAL
-----------------------
Front Desk Shift Lead................$9.70..........$9.95.........$10.20

Front Desk (In Hire)................. 7.50.......... 7.75.........  8.00
Front Desk (After 6 months).......... 7.75.......... 8.00.........  8.25

Concierge (In Hire).................. 7.50.......... 7.75.........  8.00
Concierge (After 6 months)........... 7.75.......... 8.00.........  8.25

Reservations (In Hire)............... 7.50.......... 7.75.........  8.00
Reservations (After 6 months) ....... 7.75.......... 8.00.........  8.25

Capitol Plaza Holiday Inn                   25                  6/1/98 - 5/31/01
<PAGE>

FRONT DESK AND CLERICAL             1-22-99        6-1-99        6-1-2000
-----------------------             -------        ------        --------
Lead Night Auditor..................$ 9.85.........$10.10.........$10.35
Night Auditor.......................  9.25.........  9.50.........  9.75
PBX.................................  7.25.........  7.50.........  7.75
Store Room Clerk....................  6.76.........  7.11.........  7.46

MAINTENANCE
-----------
Maintenance I (Assistant Chief)..... 16.30......... 16.65......... 17.00
Maintenance II (In hire)............ 12.30......... 12.65......... 13.00
Maintenance II (After One Year)..... 12.65......... 13.00......... 13.35
Maintenance III..................... 10.00......... 10.35......... 10.70

SECURITY
--------
Security Guards.....................  7.40.........  7.75.........  8.10
Night Security (11 p.m. to 7 a.m.)..  9.10.........  9.45.........  9.80
(Includes M.O.D. Responsibilities)

HOUSEKEEPING
------------
Guest Room Attendant................$ 6.57.........$ 6.97.........$ 7.42
Room Inspector......................  6.67.........  7.07.........  7.52
Laundry Worker......................  6.83.........  7.23.........  7.68
Laundry Worker/Guest Room Attendant.  6.83.........  7.23.........  7.68
Head Houseperson....................  9.23.........  9.63......... 10.08
Houseperson/Lobby...................  6.67.........  7.07.........  7.52
Houseperson/Shampooer...............  9.03.........  9.43.........  9.88
Linen Room Attendant................  6.57.........  6.97.........  7.42
Laundry Worker/Uniform/Seamstress...  6.83.........  7.23.........  7.68

Capitol Plaza Holiday Inn               26                      6/1/98 - 5/31/01
<PAGE>

Section 31. SIGNATURES:

     IN WITNESS WHEREOF, the parties hereto have set their hands and seals
this        day of            , 1999.

FOR THE UNION:                             FOR THE EMPLOYER:

 Hotel Employees and                        Holiday Inn -
 Restaurant Employees                       Capitol Plaza Sacramento
 Union Local 49

by: /s/ Joseph A. McLaughlin               by:
        Joseph A. McLaughlin                     Robert Niehaus
        President-Business Manager               Regional Vice President

by: /s/ Rebecca Garcia                     by:
        Rebecca Garcia                           Jerry Temple
        Secretary-Treasurer                      General Manager

Capitol Plaza Holiday Inn                   27                  6/1/98 - 5/31/01
<PAGE>

                                 ADDENDUM "A"
                                 ------------

     It is hereby agreed between the Capitol Plaza Holiday Inn and Hotel
Employees and Restaurant Employees Union Local 49 that the Gift Shop be
suspended from the Collective Bargaining Agreement until such time as the Gift
Shop returns under the business operation of the Capitol Plaza Holiday Inn, or
there is a change in management from that which is in the contract at the time
this contract is signed.

                                 ADDENDUM "B"
                                 ------------

SCHEDULES
---------

     1.  After your scheduled day off you must call in to check your schedule
(6:30 am - 4 pm the day before you are due back).

     2.  On-call personnel must phone in each day that you are placed on call
between the hours of 6:30 am and 7:30 am. (The day of on-call status.)

     3.  Housekeeping personnel must not report to work without checking their
schedule prior to coming in.

     4.  Employees switching days off must get 5 days prior written approval.

     5.  Request for days off must be given 5 days in advance. You must receive
prior approval from the Housekeeping Manager.

                                 ADDENDUM "C"
                                 ------------

Reference Section 24(b) - Dues Deduction.

FOR THE UNION:                            FOR THE EMPLOYER:

 Hotel Employees and Restaurant           CAPITOL PLAZA
 Employees Union Local 49                 HOLIDAY INN

 by:  /s/ Joseph A. McLaughlin            by:
      Joseph A. McLaughlin                     Robert Niehaus
      President-Business Manager               Regional Vice President

 by:  /s/ Rebecca Garcia                  by:
      Rebecca Garcia                           Jerry Temple
      Secretary-Treasurer                      General Manager

Capitol Plaza Holiday Inn                28                     6/1/98 - 5/31/01
<PAGE>

                                 ADDENDUM "C"
                                 ------------

  Hotel Employees and Restaurant Employees International Union, AFL-CIO

---------------------------------------------------
             (Print name of Employee)

---------------------------------------------------    -------------------------
             (Print name of Employer)                           (Date)

  I hereby request and accept membership in the Hotel Employees and Restaurant
Employees International Union, Local _______, AFL-CIO, and designate and
authorize it and any subordinate body of the International Union with which it
is affiliated, to represent me in collective bargaining in all matters relating
to my wages, hours and conditions of employment, and to negotiate and execute
agreements covering same. In making this request and in accepting membership, I
hereby agree to be bound by the Constitution, laws, rules, policies and/or
regulations of the above International Union, the local union, and Joint Board
with which the local union is affiliated, if any, and any other affiliated local
union and/or Joint Board to which I may hereafter transfer or become a member
of. You may refrain from becoming a member by still paying union dues and
initiation fees, or an amount in lieu of dues and initiation fees which
represent the Union's cost germane to representing employees. For more
information, write Department B, HEREIU, 1219 28th Street, NW, Washington, DC
20007.
                               *  *  *  *  *  *
  I hereby authorize and direct my above-mentioned employer to deduct from my
wages, each and every month, dues, initiation fees, or reinstatement fees (not
exceeding initiation fees) which I am required to pay as a condition of
maintaining membership in good standing of said union, which I assign to said
union, and I direct that same be forwarded each month to said union. This
authorization and direction shall be irrevocable for a period of one (1) year or
until the termination of the collective bargaining agreement between my employer
and said union, whichever occurs sooner, and I agree and direct that this
authorization and direction shall be automatically renewed, and shall be
irrevocable for the successive periods of one (1) year each or for the period
of each succeeding applicable collective bargaining agreement between my
employer and said union whichever shall be shorter, unless written notice is
given by me to the employer and said local not more than twenty (20) days and
not less than ten (10) days prior to the expiration of each period of one (1)
year, or the expiration of each applicable agreement between my employer and
said union, whichever occurs sooner.

  If you do not wish the above to apply, but prefer to pay your dues and
initiation fees and other voluntary charges, if any, referred to above to the
office of the local union every month, initial here.
                                                    --------

*SEE IMPORTANT INFORMATION       ----------------------------------------------
     ON REVERSE SIDE                        (Signature of Employee)

----------------------------------    -----------------------------------------
       (Telephone Number)                            (Address)

----------------------------------    -----------------------------------------
         (Type of Work)                         (Social Security No.)<PAGE>

                                                                     Exhibit 4.4

                                    BYLAWS

                                      OF

                        TRUE NORTH COMMUNICATIONS INC.

                                  as amended
                             through March 2, 2000

                                   ARTICLE I
                                   ---------

                            Stockholders' Meetings
                            ----------------------

     Section 1. Annual Meeting. (a) The annual meeting of stockholders for the
election of directors and the transaction of such other business as may properly
come before it shall be held at such hour as shall be determined by the Board of
Directors on the second Wednesday in May of each year, or at such other time as
shall be determined by the Board of Directors. If the day fixed for the annual
meeting is a legal holiday, such meeting shall be held on the next succeeding
business day. The annual meeting shall be held at such place as shall be
determined by the Board of Directors.

     (b)  Only such business shall be conducted at an annual meeting of
stockholders as shall have been properly brought before the meeting. For
business to be properly brought before the meeting, it must be: (i) authorized
by the Board of Directors and specified in the notice, or a supplemental notice,
of the meeting, (ii) otherwise brought before the meeting by or at the direction
of the Board of Directors or the chairman of the meeting, or (iii) otherwise
properly brought before the meeting by a stockholder. For business to be
properly brought before an annual meeting by a stockholder, the stockholder must
have given written notice thereof to the Secretary, delivered or mailed to and
received at the principal executive offices of the corporation (a) not less than
60 days nor more than 90 days prior to the meeting, or (b) if less than 70 days'
notice of the meeting or prior public disclosure of the date of the meeting is
given or made to stockholders, not later than the close of business on the tenth
day following the day on which the notice of the meeting was mailed or, if
earlier, the day on which such public disclosure was made. A stockholder's
notice to the Secretary shall set forth as to each item of business the
stockholder proposes to bring before the meeting (1) a brief description of such
item and the reasons for conducting such business at the meeting, (2) the name
and address, as they appear on the corporation's records, of the stockholder
proposing such business, (3) the class and number of shares of stock of the
corporation which are beneficially owned by the stockholder (for purposes of the
regulations under Sections 13 and 14 of the Securities Exchange Act of 1934, as
amended), and (4) any material interest of the stockholder in such business. No
business shall be conducted at any annual meeting except in accordance with the
procedures set forth in this paragraph (b). The chairman of the meeting at which
any business is proposed by a stockholder shall, if the facts warrant, determine
and declare to the meeting that such business was not properly brought before
the meeting in accordance with the provisions of this paragraph (b), and, in
such event, the business not properly before the meeting shall not be
transacted.

<PAGE>

     Section 2. Special Meetings. Special meetings of stockholders may be called
by the Board of Directors, the Chief Executive Officer or the President and may
be held at such places, within or without the State of Delaware, as may be
specified in the call of any meeting.

     Section 3. Notice of Meetings. Notice of every meeting of stockholders
stating the place, date, hour and purposes thereof, shall, except when otherwise
required by law, be provided by mail or other methods authorized by the laws of
the State of Delaware at least ten but not more than fifty days prior to the
meeting to each stockholder of record entitled to vote thereat. Any meeting at
which a quorum of stockholders is present, in person or by proxy, may adjourn
from time to time until its business is completed. At the adjourned meeting the
corporation may transact any business which might have been transacted at the
original meeting. If the adjournment is for more than thirty days, or if after
the adjournment a new record date is fixed for the adjourned meeting, a notice
of the adjourned meeting shall be given to each stockholder of record entitled
to vote at the meeting.

     Section 4. Quorum. The holders of a majority of the shares of stock issued
and outstanding and entitled to vote, present in person or by proxy, shall,
except as otherwise provided by law, constitute a quorum for the transaction of
business at all meetings of stockholders. If at any meeting a quorum is not
present, the chairman of the meeting or the holders of the majority of the
shares of stock present or represented may adjourn the meeting from time to
time. At the adjourned meeting the corporation may transact any business which
might have been transacted at the original meeting. If the adjournment is for
more than thirty days, or if after the adjournment a new record date is fixed
for the adjourned meeting, a notice of the adjourned meeting shall be given to
each stockholder of record entitled to vote at the meeting. The stockholders
present or represented at a duly called or held meeting at which a quorum is
present may continue to transact business until adjournment notwithstanding the
withdrawal of enough stockholders to leave less than a quorum.

     Section 5. Voting. Each holder of stock entitled to vote at a stockholders'
meeting shall, as to all matters in respect of which such stock has voting
rights, be entitled to one vote in person or by proxy appointed by such
stockholder in accordance with applicable law for each share of stock owned of
record by him, but no proxy shall be voted or acted upon after three years from
its date unless the proxy provides for a longer period. No vote upon any matter,
except the election of directors, need be by ballot unless demanded by the
holders of at least ten percent of the shares represented and entitled to vote
at the meeting. All elections and questions shall be decided by a plurality of
the votes cast, except as otherwise required by the laws of Delaware.

     Section 6. List of Stockholders, At least ten days before every meeting of
stockholders, a complete list of the stockholders entitled to vote at the
meeting, arranged in alphabetical order, and showing the address of each
stockholder, and the number of shares registered in the name of each
stockholder, shall be prepared by the Secretary. Such list shall be open to the
examination of any stockholder for any purpose germane to the meeting, during
ordinary business hours, for a period of at least ten days prior to the meeting,
either at a place within the city where the meeting is to be held, which place
shall be specified in the notice of the meeting, or, if not specified, at the
place where the meeting is to be held. The list shall also be produced and kept
at the time and place of the meeting during the whole time thereof, and may be
inspected by any stockholder who is present. The original or duplicate stock
ledger shall be the only evidence as to who are stockholders entitled to examine
the stock ledger, the list required

                                      -2-
<PAGE>

by this section or the books of the corporation, or to vote in person or by
proxy at any meeting of stockholders.

                                  ARTICLE II
                                  ----------

                                   Directors
                                   ---------

     Section 1.  Number, Election and Term of Office.  A Board of Directors
consisting of not less than 9 nor more than 21 directors (as shall from time to
time be determined by the Board of Directors) shall be elected at every annual
stockholders' meeting. Each director elected shall hold office until his
successor is elected and qualified or until his earlier resignation or removal.
Directors need not be stockholders.

     Nominations for the election of directors may be made by the Board of
Directors or a committee appointed by the Board of Directors or by any
stockholder entitled to vote in the election of directors at the particular
meeting at which the nomination is to occur. However, any stockholder entitled
to vote at such meeting may nominate one or more persons for election as
directors only in person or by proxy at such meeting and only if written notice
of such stockholder's intent to make such nomination or nominations has been
delivered personally to or otherwise received by the Secretary of the
corporation at least 60 days but no more than 90 days prior to the meeting of
stockholders; provided that in the event that less than 70 days' notice or prior
public disclosure of the date of the meeting is given or made to stockholders,
notice by the stockholder to be timely must be so received not later than the
close of business on the tenth day following the day on which such notice of the
date of the meeting was mailed or such public disclosure was made, whichever
first occurs. Each such notice shall contain a representation that: (i) the
stockholder is, and will be on the record date, a beneficial owner or a holder
of record of stock of the corporation entitled to vote at such meeting; (ii) the
stockholder has, and will have on the record date, full voting power with
respect to such shares; and (iii) the stockholder intends to appear in person or
by proxy at the meeting to nominate the person or persons specified in the
notice. Additionally, each such notice shall set forth: (a) the name and address
of the stockholder who intends to make the nomination and of the person or
persons to be nominated; (b) a description of all arrangements or understandings
between the stockholder and each proposed nominee and any other person or
persons (naming such person or persons) pursuant to which the nomination or
nominations are to be made by the stockholder; (c) the number and kinds of
securities of the corporation held beneficially or of record by each proposed
nominee; (d) such other information regarding each proposed nominee as would be
required to be included in a proxy statement filed pursuant to the proxy rules
of the Securities and Exchange Commission for the initial election of such
proposed nominee for director; and (e) the consent of each proposed nominee to
serve as a director if so elected. The presiding officer of the meeting may
refuse to acknowledge the nomination of any person if any of the information
supplied is false or misleading or if any of the foregoing requirements are not
satisfied.

     Section 2.  Vacancies.  Any vacancy occurring in the Board and any
directorship to be filled by reason of an increase in the authorized number of
directors may be filled by a majority of the directors then in office, although
less than a quorum. A director elected to fill a vacancy shall hold office until
the next annual election of directors. When one or more directors shall resign
from the Board, effective at a future date, a majority of the directors then in
office,

                                      -3-
<PAGE>

including those who have so resigned, shall have power to fill such vacancy or
vacancies, the vote thereon to take effect when such resignation or resignations
shall become effective, and each director so chosen shall hold office as
provided in this section in the filling of other vacancies.

     Section 3.  Place of Meetings.  Directors' meetings may be held at such
places, within or without the State of Delaware, as the Board may from time to
time determine or as may be specified in the call of any meetings.

     Section 4.  Regular Meetings.  A regular annual meeting of the Board shall
be held without call or notice immediately after and at the same general place
as the annual meeting of the stockholders, for the purpose of organizing the
Board, electing officers and transacting any other business that may properly
come before the meeting. Additional regular meetings of the Board may be held
without call or notice at such place and at such time as shall be fixed by
resolution of the Board.

     Section 5.  Special Meetings.  Special meetings of the Board may be called
by the Chief Executive Officer, the President, or by a majority of the directors
then in office. Notice of special meetings shall either be mailed by the
Secretary to each director at least three days before the meeting or shall be
given personally or via facsimile to each director at least one day before the
meeting. Such notice shall set forth the time and place of such meeting but need
not, unless otherwise required by law, state the purposes of the meeting. A
majority of the directors present at any meeting may adjourn the meeting from
time to time without further notice other than announcement at the meeting.

     Section 6.  Quorum.  One third of the total number of directors shall
constitute a quorum for the transaction of business at any meeting of the Board.
If at any meeting a quorum is not present, a majority of the directors present
may adjourn the meeting from time to time without notice other than announcement
at the meeting until a quorum is present.

     Section 7.  Committees of the Board.  The Board of Directors may, by
resolution passed by a majority of the whole Board, designate one or more
committees. Each such committee shall consist of two or more of the directors of
the corporation and, to the extent provided in the resolution designating such
committee, shall have and may exercise the powers of the Board of Directors in
the management of the business and affairs of the corporation, and may authorize
the seal of the corporation to be affixed to all papers which may require it.
The Board may designate one or more directors as alternate members of any
committee, who may replace any absent or disqualified member at any meeting of
the committee. In the absence or disqualification of any member of such
committee or committees, the member or members thereof present at any meeting
and not disqualified from voting, whether or not he or they constitute a quorum,
may unanimously appoint another member of the Board to act at the meeting in the
place of such absent or disqualified member.

     Section 8.  Action Without Meeting.  Any action required or permitted to be
taken at any meeting of the Board of Directors, or of any committee thereof, may
be taken without a meeting if all members of the Board, or of such committee, as
the case may be, consent thereto in writing, and such written consent is filed
with the minutes of the proceedings of the Board or of such committee.

                                      -4-
<PAGE>

     Section 9.  Compensation.  Directors and members of committees may receive
such compensation, if any, for their services, and such reimbursement for
expenses, as may be fixed or determined by the Board of Directors, provided
that nothing herein contained shall be construed to preclude any director from
serving the corporation in any other capacity and receiving compensation
therefor.

                                  ARTICLE III
                                  -----------

                            Officers and Employees
                            ----------------------

     Section 1.  Number, Oualification, Election and Term of Office.  (a) The
Board of Directors shall elect the officers of the corporation which may
include a Chief Executive Officer, a President, a Chief Financial Officer, a
Chief Accounting Officer, a Controller, one or more Vice Presidents (one or
more of whom may be designated as Executive Vice Presidents or as Senior Vice
Presidents or by other designations), a Secretary, a Treasurer, and such other
officers or assistant officers as the Board of Directors may from time to time
deem advisable. No officer need be a director except the Chief Executive
Officer. The same person may hold two or more offices, except that if one
person shall hold the offices of President and Secretary, he shall not hold
any other office.

     (b)  Each officer of the corporation shall be elected by the Board of
Directors and shall hold office until the annual meeting of the Board of
Directors next succeeding his election and until his successor shall have been
elected and qualified, or until his resignation or removal.

     Section 2.  Appointments.  In addition to the elected officers provided
above, who shall be corporate officers, the Chief Executive Officer may
appoint one or more Assistant Secretaries, Assistant Treasurers and Assistant
Controllers.

     Section 3.  Removal and Vacancies.  All officers shall serve at the
pleasure of the Board. Any officer may be removed by the Board at any time with
or without cause. A vacancy in any office shall be filled by the Board of
Directors.

     Section 4.  Bonding.  The Board may, in its discretion, require any officer
to give the corporation a bond in a sum and with one or more sureties
satisfactory to the Board for the faithful performance of his duties and for the
restoration to the corporation, in the case of death, resignation, retirement or
removal from office, of all books, papers, vouchers, money and other property of
whatever kind in his possession or under his control belonging to the
corporation.

     Section 5.  Chairman of the Board and Vice Chairmen.  The Board of
Directors may annually elect from its members a Chairman of the Board and one or
more Vice Chairman. The Chairman of the Board, when and if elected by the Board,
shall preside at meetings of the Board. The Vice Chairmen of the Board, when and
if elected by the Board, shall assist the Chairman of the Board and have such
other duties as may be assigned by the Board or the Chairman of the Board. Any
vacancy in the position of Chairman of the Board or Vice Chairman may be filled
at such time and in such manner as the Board of Directors shall determine.

                                      -5-
<PAGE>

     Section 6. Chief Executive Officer. The Chief Executive Officer shall
preside at all meetings of stockholders and shall be the chief executive officer
of the corporation. He may sign, execute and deliver in the name of the
corporation, powers of attorney, contracts, bonds and other obligations, and
shall have such further duties as are prescribed by law or as shall from time to
time be designated by the Board.

     Section 7. President. The President shall have general and active
supervision over the property, business and affairs of the corporation, subject
to the authority of the Chief Executive Officer. He shall preside, in the
absence of the Chief Executive Officer, at all meetings of stockholders. He may
sign, execute and deliver in the name of the corporation powers of attorney,
contracts, bonds and other obligations, and shall have such further duties as
shall from time to time be designated by the Board.

     Section 8. Chief Financial Officer. The Chief Financial Officer shall be
the principal financial officer of the corporation. He shall have such duties as
shall from time to time be designated by the Board.

     Section 9. Vice Presidents. The elected Vice Presidents, which may be
designated by different classes, shall have such duties as shall from time to
time be designated by the Board.

     Section 10. Secretary. The Secretary shall be the keeper of the corporate
seal and records (except those kept by the Treasurer), and shall give notice of,
attend, and record minutes of meetings of stockholders and directors. The
Secretary or any Assistant Secretary shall have authority to affix the corporate
seal to any instrument requiring it, and when so affixed, the corporate seal may
be attested by the signature of the Secretary or any Assistant Secretary.

     Section 11. Treasurer. The Treasurer shall be responsible for (i) the
custody and safekeeping of all of the funds of the corporation, (ii) the receipt
and deposit of all moneys paid to the corporation, (iii) where necessary or
appropriate, the endorsement for collection on behalf of the corporation of all
checks, drafts, notes, and other obligations payable to the corporation, (iv)
the disbursement of funds of the corporation under such rules as the Board may
from time to time adopt, (v) keeping full and accurate records of all receipts
and disbursements, and (vi) the performance of such further duties as are
incident to his office or as may from time to time be designated by the Board.

     Section 12. The Chief Accounting Officer. The Chief Accounting Officer
shall have general charge, control, and supervision over the accounting affairs
of the corporation and the implementation of accounting policies and procedures.
The Chief Accounting Officer shall perform such other duties as the Board of
Directors may prescribe or the Chief Financial Officer shall delegate.

     Section 13. Controller. The Controller shall have responsibility for the
preparation and maintenance of the financial records of the corporation; shall
collect and consolidate the financial results of its subsidiaries and other
operating units, and supervise the preparation of all financial statements and
reports on the operation and condition of the business. The Controller shall
perform such other duties as the Board of Directors may prescribe or the Chief
Financial Officer shall delegate.

                                      -6-
<PAGE>

                                  ARTICLE IV
                                  ----------

                     Stock Certificates and Transfer Books
                     -------------------------------------

     Section 1. Certificates. Every stockholder shall be entitled to have a
certificate in such form as the Board shall from time to time approve, signed
by, or in the name of the corporation by the Chairman of the Board, the Chief
Executive Officer, the President or any elected Vice-President and by the
Treasurer, an Assistant Treasurer, the Secretary or an Assistant Secretary,
certifying the number of shares owned by him. During the time in which the
corporation is authorized to issue more than one class of stock or more than one
series of any class, there shall be set forth on the face or back of each
certificate issued a statement that the corporation will furnish without charge
to each stockholder who so requests, the designations, preferences and relative,
participating, optional or other special rights of each class of stock or series
thereof of the corporation and the qualifications, limitations or restrictions
of such preferences and/or rights.

     Section 2. Facsimile Signatures. Where a certificate is countersigned (1)
by a transfer agent other than the corporation or its employee, or, (2) by a
registrar other than the corporation or its employee, any other signature on the
certificate may be a facsimile. In case any officer, transfer agent, or
registrar who has signed or whose facsimile signature has been placed upon a
certificate shall have ceased to be such officer, transfer agent, or registrar
before such certificate is issued, it may be issued by the corporation with the
same effect as if he were such officer, transfer agent, or registrar at the date
of issue.

     Section 3. Record Ownership. A record of the name and address of the holder
of each certificate, the number of shares represented thereby, and the date of
issue thereof shall be made on the corporation's books. The corporation shall be
entitled to treat the holder of record of any share or shares of stock as the
holder in fact thereof, and accordingly shall not be bound to recognize any
equitable or other claim to or interest in any share on the part of any other
person whether or not it shall have express or other notice thereof, except as
required by the laws of Delaware.

     Section 4. Lost Certificates. Any person claiming a stock certificate in
lieu of one lost, stolen, mutilated or destroyed shall give the corporation an
affidavit as to his ownership of the certificate and of the facts which go to
prove its loss, theft, mutilation or destruction. He shall also, if required by
the Board, give the corporation a bond, in such form as may be approved by the
Board, sufficient to indemnify the corporation against any claim that may be
made against it on account of the alleged loss or theft of the certificate or
the issuance of a new certificate.

     Section 5. Transfer Agent or Registrar. The corporation shall maintain one
or more transfer offices or agencies, each in charge of a transfer agent
designated by the Board, where the shares of stock of the corporation shall be
transferable. The corporation shall also maintain one or more registry offices,
each in charge of a registrar designated by the Board, wherein such shares of
stock shall be registered.

     Section 6. Transfers of Stock. Transfer of shares shall, except as provided
in Section 4 of this ARTICLE IV, be made on the books of the corporation only by
direction of the person named in the certificate or his attorney, lawfully
constituted in writing, and only upon the

                                      -7-
<PAGE>

surrender for cancellation of the certificate therefor, duly endorsed or
accompanied by a written assignment of the shares evidenced thereby.

     Section 7. Fixing Date for Determination of Stockholders of Record. (a) In
order that the corporation may determine the stockholders entitled to notice of
or to vote at any meeting of stockholders or any adjournment thereof, or
entitled to receive payment of any dividend or other distribution or allotment
of any rights, or entitled to exercise any rights in respect of any change,
conversion or exchange of stock or for the purpose of any other lawful action,
the Board may fix, in advance, a record date, which shall not be more than sixty
nor less than ten days before the date of such meeting, nor more than sixty days
prior to any other action.

     (b) If no record date is fixed:

          (1) The record date for determining stockholders entitled to notice of
     or to vote at a meeting of stockholders shall be at the close of business
     on the day next preceding the day on which notice is given, or, if notice
     is waived, at the close of business on the day next preceding the day on
     which the meeting is held.

          (2) The record date for determining stockholders for any other purpose
     shall be at the close of business on the day on which the Board adopts the
     resolution relating thereto.

     (c) A determination of stockholders of record entitled to notice of or to
vote at a meeting of stockholders shall apply to any adjournment of the meeting;
provided, however, that the Board may fix a new record date for the adjourned
meeting.

                                   ARTICLE V
                                   ---------

                              General Provisions
                              ------------------

     Section 1. Offices. The registered office of the corporation in Delaware
shall be in the City of Wilmington, County of New Castle. The corporation may
have such other offices as the Board may from time to time determine. The books
of the corporation may be kept outside the State of Delaware.

     Section 2. Seal. The corporation's seal shall be a circular in form with
the words "TRUE NORTH COMMUNICATIONS INC. - DELAWARE" around the periphery and
the figures and words "CORPORATE SEAL" within.

     Section 3. Fiscal Year. The fiscal year of the corporation shall begin on
January 1 and end on December 31.

     Section 4. Inspection of Books. Subject to laws of the State of Delaware,
the directors shall determine from time to time whether, and, if allowed, when
and under what conditions and regulations the accounts and books of the
corporation (except such as may by statute be specifically open to inspection)
or any of them, shall be open to the inspection of the stockholders, and the
stockholders' rights in this respect are and shall be restricted and limited
accordingly.

                                      -8-
<PAGE>

     Section 5. Reliance on Records. Each director and officer shall in the
performance of his duties be fully protected in relying in good faith upon the
books of account or reports made to the corporation by any of its officials, or
by an independent certified public accountant, or by an appraiser selected with
reasonable care by the Board, or in relying in good faith upon other records of
the corporation.

     Section 6. Annual Report. The Board shall publish and submit to the
stockholders annually, by any means authorized by the laws of the State of
Delaware, a summary of the consolidated income of the corporation and its
consolidated subsidiaries for the previous fiscal year and a full or condensed
consolidated balance sheet of the corporation and its consolidated subsidiaries
at the end of the previous fiscal year.

     Section 7. Voting of Stock. Unless otherwise ordered by the Board, the
Chief Executive Officer, the President or the Chief Financial Officer, and each
or any of them, shall have full power and authority, in the name and on behalf
of the corporation, to attend, act and vote at any meeting of stockholders of
any company in which the corporation may hold shares of stock, and at any such
meeting shall possess and may exercise any and all rights and powers incident to
the ownership of such shares and which, as the holder thereof, the corporation
might possess and exercise if personally present, and may exercise such power
and authority through the execution of proxies or may delegate such power and
authority to any other officer, agent or employee of the corporation.

     Section 8. Waiver of Notice. Whenever any notice is required to be given, a
waiver thereof in writing, signed by the person or persons entitled to the
notice, whether before or after the time stated therein, shall be deemed
equivalent thereto.

     Section 9. Indemnification. (a) The corporation shall indemnify any person
who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the
corporation) by reason of the fact that such person is or was a director,
officer, employee or agent of the corporation, or is or was serving at the
request of the corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against
expenses (including attorneys' fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by such person in connection with
such action, suit or proceeding if such person acted in good faith and in a
manner such person reasonably believed to be in or not opposed to the best
interests of the corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe such person's conduct was
unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the person did not act in good
faith and in a manner which the person reasonably believed to be in or not
opposed to the best interests of the corporation, and, with respect to any
criminal action or proceeding, had reasonable cause to believe that such
person's conduct was unlawful.

     (b) The corporation shall indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action or
suit by or in the right of the corporation to procure a judgment in its favor by
reason of the fact that such person is or was a director, officer, employee or
agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation,

                                      -9-
<PAGE>

partnership, joint venture, trust or other enterprise against expenses
(including attorneys' fees) actually and reasonably incurred by such person in
connection with the defense or settlement of such action or suit if the person
acted in good faith and in a manner the person reasonably believed to be in or
not opposed to the best interests of the corporation and except that no
indemnification shall be made in respect of any claim, issue or matter as to
which such person shall have been adjudged to be liable to the corporation
unless and only to the extent that the Court of Chancery of the State of
Delaware or the court in which such action or suit was brought shall determine
upon application that, despite the adjudication of liability but in view of all
the circumstances of the case, such person is fairly and reasonably entitled to
indemnity for such expenses which the Court of Chancery or such other court
shall deem proper.

     (c)  To the extent that a present or former director, officer, employee or
agent of the corporation has been successful on the merits or otherwise in
defense of any action, suit or proceeding referred to in subsections (a) and (b)
of this Article V, Section 9, or in defense of any claim, issue or matter
therein, such person shall be indemnified against expenses (including attorneys'
fees) actually and reasonably incurred by him in connection therewith.

     (b)  Any indemnification under subsections (a) and (b) of this Article V,
Section 9 (unless ordered by a court) shall be made by the corporation only as
authorized in the specific case upon a determination that indemnification of the
present or former director, officer, employee or agent is proper in the
circumstances because the person has met the applicable standard of conduct set
forth in subsections (a) and (b). Such determination shall be made (1) by a
majority vote of the directors who are not parties to such action, suit or
proceeding, even though less than a quorum, or (2) by a committee of such
directors designated by majority vote of such directors, even though less than a
quorum, or (3) if there are no such directors, or if such directors so direct,
by independent legal counsel in a written opinion, or (4) by the stockholders.

     (e)  Expenses (including attorney's fees) incurred by an officer or
director in defending a civil, criminal, administrative or investigative action,
suit or proceeding may be paid by the corporation in advance of the final
disposition of such action, suit or proceeding upon receipt of an undertaking by
or on behalf of such director or officer to repay such amount if it shall
ultimately be determined that such person is not entitled to be indemnified by
the corporation as authorized in this Article V, Section 9. Such expenses
(including attorneys' fees) incurred by former directors and officers or other
employees and agents may be so paid upon such terms and conditions, if any, as
the corporation deems appropriate.

     (f)  The indemnification and advancement of expenses provided by or granted
pursuant to this Article V, Section 9 shall not be deemed exclusive of any other
rights to which those seeking indemnification or advancement of expenses may be
entitled under any Bylaw, agreement, vote of stockholders or disinterested
directors or otherwise, both as to action in such person's official capacity and
as to action in another capacity while holding such office.

     (g)  The corporation shall have power to purchase and maintain insurance on
behalf of any person who is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of the corporation as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise against any liability asserted against such
person and incurred by such person in any such capacity, or arising out of such

                                      -10-
<PAGE>

person's status as such, whether or not the corporation would have the power to
indemnify such person against such liability under the provisions of this
Article V, Section 9.

     (h) For purposes of this Article V, Section 9, references to "the
corporation" shall include, in addition to the resulting corporation, any
constituent corporation (including any constituent of a constituent) absorbed in
a consolidation or merger which, if its separate existence had continued, would
have had power and authority to indemnify its directors, officers, and employees
or agents, so that any person who is or was a director, officer, employee or
agent of such constituent corporation, or is or was serving at the request of
such constituent corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
shall stand in the same position under the provisions of this Article V, Section
9 with respect to the resulting or surviving corporation as such person would
have with respect to such constituent corporation if its separate existence had
continued.

     (i) For purposes of this Article V, Section 9, references to "other
enterprises" shall include employee benefit plans; references to "fines" shall
include any excise taxes assessed on a person with respect to an employee
benefit plan; and references to "serving at the request of the corporation"
shall include any service as a director, officer, employee or agent of the
corporation which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan, its
participants, or beneficiaries; and a person who acted in good faith and in a
manner such person reasonably believed to be in the interest of the participants
and beneficiaries of an employee benefit plan shall be deemed to have acted in a
manner "not opposed to the best interests of the corporation" as referred to in
this Article V, Section 9.

     (j) The indemnification and advancement of expenses provided by, or granted
pursuant to, this Article V, Section 9 shall, unless otherwise provided when
authorized or ratified, continue as to a person who has ceased to be a director,
officer, employee or agent and shall inure to the benefit of the heirs,
executors and administrators of such a person.

     Section 10. Amendments to Bylaws. These Bylaws may be altered or repealed
by the stockholders or by the Board of Directors.

                                      -11-

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