First Amendment to Employment AgreementFirst Amendment • January 18th, 2008 • MHI Hospitality CORP • Real estate investment trusts • Maryland
This First Amendment (the “Amendment “), is dated as of the 1st day of January 2008, between MHI Hospitality Corporation, a Maryland corporation (the “Company” or “Employer”), and David R. Folsom (the “Executive”) and amends that certain Employment Agreement dated January 9, 2006, between the Company and the Executive (the “Employment Agreement”). The Company and Executive are sometimes collectively referred to herein as the “Parties.”
AMENDMENT NUMBER 2 TO HOTEL MASTER MANAGEMENT AGREEMENTMaster Management Agreement • January 18th, 2008 • MHI Hospitality CORP • Real estate investment trusts • Virginia
THIS AMENDMENT NUMBER 2 (the “Amendment”) is made and entered into as of January 14, 2008 by and between MHI Hospitality TRS, LLC, a Delaware limited liability company, as lessee, (hereinafter referred to as “Lessee”) and MHI Hotels Services LLC, a Virginia limited liability company, as manager (hereinafter referred to as “Manager”) and amends and supplements that certain Hotel Master Management Agreement dated December 21, 2004 between Manager and Lessee, as amended through the date hereof (the “Master Agreement”). Lessee and Manager are sometimes collectively referred to herein as the “Parties”.
