Amendment to Letter Agreement (“Agreement”) dated March 4, 2020 between Apple Hospitality REIT, Inc. (the “Company”) and Bryan Peery.
Exhibit 10.5
Amendment to Letter Agreement (“Agreement”) dated March 4, 2020 between Apple Hospitality REIT, Inc. (the “Company”) and Xxxxx Xxxxx.
The purpose of this Amendment is to acknowledge that, as a result of the recent effects of COVID-19 on the operating results for the Company, each party to the Agreement has agreed that payment of the Additional Benefit will be deferred until a mutually agreed upon date later in calendar year 2020. The remaining terms of the Agreement shall remain unchanged.
Accepted and Agreed
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
/s/ Xxxxx Xxxxx
Xxxxx Xxxxx
March 30, 2020
Date