HOTEL MANAGEMENT AGREEMENT Between TRS LEASING, INC., TRS SUBSIDIARY, LLC SPPR TRS SUBSIDIARY, LLC SPPR-BMI TRS SUBSIDIARY, LLC and HOSPITALITY MANAGEMENT ADVISORS, INC. Dated April 21, 2011Hotel Management Agreement • March 30th, 2012 • Supertel Hospitality Inc • Real estate investment trusts • Nebraska
This HOTEL MANAGEMENT AGREEMENT is made and entered into effective as of April 21, 2011, by and among TRS Leasing, Inc., a Virginia corporation (“TRS”), TRS Subsidiary, LLC, a Delaware limited liability company (“TRS Sub”), SPPR TRS Subsidiary, LLC (“SPPR TRS Sub”), SPPR-BMI TRS Subsidiary, LLC, a Delaware limited liability company (“SPPRBMI”) (TRS Sub, SPPR TRS Sub and SPPRBMI, together with TRS, collectively, “Lessee”) and Hospitality Management Advisors, Inc., a Tennessee corporation (“Operator”), with reference to the following facts:
COMMON STOCK PURCHASE WARRANT SUPERTEL HOSPITALITY, INC.Supertel Hospitality Inc • March 30th, 2012 • Real estate investment trusts • New York
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, Real Estate Strategies L.P., a Bermuda Limited Partnership, and, or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on January 31, 2017 (the “Termination Date”) but not thereafter, to subscribe for and purchase from Supertel Hospitality, Inc., a Virginia corporation (the “Company”), 21,000,000 shares (subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCEPayment and Performance • March 30th, 2012 • Supertel Hospitality Inc • Real estate investment trusts
THIS UNCONDITIONAL GUARANTY OF PAYMENT AND PERFORMANCE (this “Guaranty”) is made as of August 18, 2006, by SUPERTEL HOSPITALITY, INC., a Virginia corporation (“Guarantor”), for the benefit of GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“Lender”).
STOCK OPTION AGREEMENTStock Option Agreement • March 30th, 2012 • Supertel Hospitality Inc • Real estate investment trusts
STOCK OPTION AGREEMENT made this (Grant Date), between Supertel Hospitality, Inc., a Virginia corporation (“Company”), and (Holder Name), (an employee / a director) of the Company (“Holder”).
