0000950123-09-065920 Sample Contracts

PEBBLEBROOK HOTEL TRUST Share Award Agreement
Share Award Agreement • November 25th, 2009 • Pebblebrook Hotel Trust • Real estate investment trusts • Maryland

THIS SHARE AWARD AGREEMENT (the “Agreement”), dated as of the ___day of , 2009, governs the Share Award granted by PEBBLEBROOK HOTEL TRUST, a Maryland real estate investment trust (the “Company”), to (the “Participant”), in accordance with and subject to the provisions of the Company’s 2009 Equity Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant. All terms used in this Agreement that are defined in the Plan have the same meaning given them in the Plan.

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AGREEMENT OF LIMITED PARTNERSHIP OF PEBBLEBROOK HOTEL, L.P. (a Delaware limited partnership)
Agreement • November 25th, 2009 • Pebblebrook Hotel Trust • Real estate investment trusts • Delaware

Pebblebrook Hotel, L.P. (the “Partnership”) was formed as a limited partnership under the laws of the State of Delaware, pursuant to a Certificate of Limited Partnership filed with the Secretary of State of the State of Delaware effective as of [___], 2009 and this Agreement of Limited Partnership, entered into this [___] day of , 2009, by and between Pebblebrook Hotel Trust, a Maryland real estate investment trust (together with its successors and assigns, the “General Partner”), and the Limited Partners set forth on Exhibit A hereto. Capitalized terms used herein but not otherwise defined shall have the meaning given to such terms in Article I below.

PEBBLEBROOK HOTEL TRUST Share Award Agreement
Share Award Agreement • November 25th, 2009 • Pebblebrook Hotel Trust • Real estate investment trusts • Maryland

THIS SHARE AWARD AGREEMENT (the “Agreement”), dated as of the ___day of , 2009, governs the Share Award granted by PEBBLEBROOK HOTEL TRUST, a Maryland real estate investment trust (the “Company”), to (the “Participant”), in accordance with and subject to the provisions of the Company’s 2009 Equity Incentive Plan (the “Plan”). A copy of the Plan has been made available to the Participant. All terms used in this Agreement that are defined in the Plan have the same meaning given them in the Plan.

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