Assignment and Acceptance dated May 11, 2022 in connection with Senior Unsecured Credit Agreement

Reference is made to the Amended and Restated Senior Unsecured Credit Agreement dated as of August 20, 2018, by and among Choice Hotels International, Inc., a Delaware corporation (the “Borrower”), the Designated Borrowers party thereto from time to time, the Lenders party thereto and Deutsche Bank AG New York Branch, as Administrative Agent (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not defined herein shall have the meaning assigned thereto in the Credit Agreement. Deutsche Bank AG New York Branch (the “Assignor”) and each “Assignee” referred to on Schedule 1 hereto (each, an “Assignee”) agrees severally with respect to all information relating to it and its assignment hereunder and on Schedules 1 and 2 hereto as follows:

1.The Assignor hereby sells and assigns, without recourse, to such Assignee, and such Assignee hereby purchases and assumes, without recourse, from the Assignor, effective as of the Effective Date (as set forth below), the respective interests set forth on Schedule 1 hereto opposite such Assignee’s name (an “Assigned Interest”) in the Assignor’s rights and obligations under the Credit Agreement, including, without limitation, the interests set forth on Schedule 1 in the Commitment of the Assignor on the Effective Date and the Competitive Bid Loans (if any) owing to the Assignor which are outstanding on the Effective Date. Each of the Assignor and such Assignee hereby makes and agrees to be bound by all the representations, warranties and agreements set forth in Section 9.04(c) of the Credit Agreement, a copy of which is has been received by each such party. Pursuant to Section 2.16 of the Credit Agreement, the Maturity Date was previously extended to August 20, 2026 (the “Current Maturity Date”) as evidenced by the that certain extension confirmation letter from the Administrative Agent to the Borrower dated as of August 11, 2021. From and after the Effective Date (i) such Assignee shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent of the interests assigned by this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and under the Loan Documents and (ii) the Assignor shall, to the extent of the interest assigned by this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. For the avoidance of doubt, the Current Maturity Date applies to the Borrower’s Obligations in respect of each Assigned Interest.

2.This Assignment and Acceptance is being delivered to the Administrative Agent together with (i) if such Assignee is organized under the laws of a jurisdiction outside the United States, and to the extent not previously delivered, the forms specified in Section 2.20(e) of the Credit Agreement, duly completed and executed by such Assignee, and (ii) if such Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire in the form of Exhibit B to the Credit Agreement.

3.By its signature below, the Borrower agrees to pay to the Administrative Agent on or before the Effective Date, for the respective accounts of the Assignees, allocated on a pro rata basis based on the respective Commitments assumed hereunder, an incremental commitment fee of $24,000.00 in the aggregate.

4.This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of New York without reference to its conflicts of laws principles or provisions.