0000950123-11-046716 Sample Contracts

PEBBLEBROOK HOTEL TRUST Common Shares of Beneficial Interest (Par Value $0.01 Per Share) EQUITY DISTRIBUTION AGREEMENT
Equity Distribution Agreement • May 6th, 2011 • Pebblebrook Hotel Trust • Real estate investment trusts • New York

Pebblebrook Hotel Trust, a Maryland real estate investment trust (the “Company”), and Pebblebrook Hotel, L.P., a Delaware limited partnership (the “Operating Partnership”), of which the Company is the sole general partner, each confirms its agreement (this “Agreement”) with Wells Fargo Securities, LLC (“Wells Fargo”), as follows:

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PEBBLEBROOK HOTEL TRUST Common Shares of Beneficial Interest (Par Value $0.01 Per Share) EQUITY DISTRIBUTION AGREEMENT
Equity Distribution Agreement • May 6th, 2011 • Pebblebrook Hotel Trust • Real estate investment trusts • New York

Pebblebrook Hotel Trust, a Maryland real estate investment trust (the “Company”), and Pebblebrook Hotel, L.P., a Delaware limited partnership (the “Operating Partnership”), of which the Company is the sole general partner, each confirms its agreement (this “Agreement”) with Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), as follows:

PEBBLEBROOK HOTEL TRUST Common Shares of Beneficial Interest (Par Value $0.01 Per Share) EQUITY DISTRIBUTION AGREEMENT
Equity Distribution Agreement • May 6th, 2011 • Pebblebrook Hotel Trust • Real estate investment trusts • New York

Pebblebrook Hotel Trust, a Maryland real estate investment trust (the “Company”), and Pebblebrook Hotel, L.P., a Delaware limited partnership (the “Operating Partnership”), of which the Company is the sole general partner, each confirms its agreement (this “Agreement”) with Raymond James & Associates, Inc. (“Raymond James”), as follows:

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