0001046311-17-000030 Sample Contracts

GUARANTEE AGREEMENT SUPPLEMENT
Guarantee Agreement Supplement • November 9th, 2017 • Choice Hotels International Inc /De • Hotels & motels

THIS GUARANTEE AGREEMENT SUPPLEMENT, dated as of August 3, 2017, (this “Supplement”) is made by CHOICE PRIVILEGES LOYALTY SERVICES, LLC, a Delaware limited liability company (the “New Subsidiary Guarantor”) in favor of DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent for the Lender Parties party to the Credit Agreement (as defined in the Guarantee Agreement referred to below).

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