0001232582-20-000013 Sample Contracts

Performance LTIP Unit Award Agreement
Performance Ltip Unit Award Agreement • March 12th, 2020 • Ashford Hospitality Trust Inc • Real estate investment trusts • Delaware

This Performance LTIP Unit Award Agreement (the “Award Agreement”) is made and entered into as of March [__], 2020 by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), Ashford Hospitality Limited Partnership, a Delaware limited partnership (the “Partnership”) and [_________________] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein, or, if not so defined, as assigned to them in the Company’s 2011 Stock Incentive Plan and as the same may be amended from time to time (the “Plan”), or the Seventh Amended and Restated Agreement of Limited Partnership of the Partnership, as the same may be amended from time to time (the “Operating Agreement”), as applicable.

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Performance Stock Unit Award Agreement
Award Agreement • March 12th, 2020 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

This Performance Stock Unit (“PSU”) Award Agreement (the “Award Agreement”) is made and entered into as of March [__], 2020 by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”) and [_____________] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein or, if not so defined, as assigned to them in the Company’s 2011 Stock Incentive Plan, as the same may be amended from time to time (the “Plan”).

LTIP UNIT AWARD AGREEMENT
Ltip Unit Award Agreement • March 12th, 2020 • Ashford Hospitality Trust Inc • Real estate investment trusts
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