0001193125-11-315834 Sample Contracts

DIRECTORS DESIGNATION AGREEMENT
Directors Designation Agreement • November 17th, 2011 • Supertel Hospitality Inc • Real estate investment trusts • New York

This Directors Designation Agreement (this “Agreement”), dated as of [ ], 2011, by and among Real Estate Strategies L.P., a Bermuda Limited Partnership (“RES” or, the “Purchaser”, or the “Investor” and Supertel Hospitality, Inc., a Virginia corporation (the “Company” or “SPPR”).

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PURCHASE AGREEMENT
Purchase Agreement • November 17th, 2011 • Supertel Hospitality Inc • Real estate investment trusts • New York

This Purchase Agreement (the “Agreement”), dated as of November 16, 2011, by and among Real Estate Strategies L.P., a Bermuda Limited Partnership (“RES” or, the “Purchaser”), whose majority limited partner is Ritelco S.A., a Uruguayan Sociedad Anónima wholly-owned company by IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (“IRSA”), and the General Partner of RES is Jiwin S.A. a Uruguayan Sociedad Anónima wholly-owned company by IRSA, Supertel Hospitality, Inc., a Virginia corporation (the “Company”) and Supertel Limited Partnership, a Virginia Limited Partnership (the “Operating Partnership”).

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