JQH ACQUISITION, LLC Carnegie Hall Tower 152 West 57th Street 56th Floor New York, NY 10019JQH Acquisition, LLC • March 14th, 2005 • Hotels & motels
Exhibit 10 March 8, 2005 CONFIDENTIAL ------------ Mr. John Q. Hammons 300 John Q. Hammons Parkway Suite 900 Springfield, Missouri 65806 Re: Exclusivity Agreement Dear Mr. Hammons: As you know, the Special Committee of the Board of Directors of John...JQH Acquisition, LLC • March 14th, 2005 • Hotels & motels
As you know, the Special Committee of the Board of Directors of John Q. Hammons Hotels, Inc. (the "Company") has agreed to conduct exclusive negotiations with the undersigned regarding a potential acquisition transaction (a "Company Transaction"). As a condition to entering into a definitive agreement with the Company, we must enter into a definitive agreement with you and your affiliates regarding the acquisition of your equity interests in the Company and John Q. Hammons Hotels. L.P. ("JQH LP") and the related agreements regarding the provision of a line of credit, management arrangements, and the other matters we have discussed (collectively, a "Hammons Transaction").
