January 14, 1997 PRIVATE AND CONFIDENTIAL Extended Stay America, Inc. 450 East Las Olas Boulevard Suite 1100 Ft. Lauderdale, Florida 33301 Attention: Robert A. Brannon Senior Vice President and Chief Financial Officer Gentlemen: This letter agreement...Letter Agreement • January 27th, 1997 • Extended Stay America Inc • Hotels & motels • New York
This letter agreement (the "Agreement") confirms our understanding that Extended Stay America, Inc. (which together with its subsidiaries and affiliates is hereinafter referred to as the "Company") has engaged Donaldson, Lufkin & Jenrette Securities Corporation ("DLJ") to act as its exclusive financial advisor for a period of six months commencing upon your acceptance of this Agreement, with respect to the possible acquisition of Studio Plus Hotels, Inc. ("Target"), in one or a series of transactions, by merger, consolidation or any other business combination, by purchase involving all or a substantial amount of the business, securities or assets of the Target, or otherwise (each a "Transaction").
STOCKHOLDER AGREEMENT --------------------- THIS STOCKHOLDER AGREEMENT (the "Agreement") is entered into as of January 16, 1997, by and between Extended Stay America, Inc., a Delaware corporation ("ESA"), and Norwood Cowgill, Jr. ("Cowgill") and...Stockholder Agreement • January 27th, 1997 • Extended Stay America Inc • Hotels & motels • Delaware
