SUMMIT HOTEL PROPERTIES, INC. Common Stock ($0.01 par value per share) Sales AgreementSales Agreement • August 3rd, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
Each of Summit Hotel Properties, Inc., a Maryland corporation (the “Company”), and Summit Hotel OP, LP, a Delaware limited partnership (the “Operating Partnership”), confirms its respective agreement (this “Agreement”) with Robert W. Baird & Co. Incorporated (the “Agent”), as follows:
REAL ESTATE PURCHASE AND SALE AGREEMENT by and among THE SELLERS LISTED ON SCHEDULE 1 ATTACHED HERETO, SUMMIT HOTEL OP, LP and AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO SMT, LLC Dated as of June 2, 2015Real Estate Purchase and Sale Agreement • August 3rd, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of the 2nd day of June, 2015 (the “Effective Date”), by and among the sellers listed on Schedule 1 attached hereto (each, a “Seller” and collectively, “Sellers”), Summit Hotel OP, LP, a Delaware limited partnership (“Summit”), and American Realty Capital Hospitality Portfolio SMT, LLC, a Delaware limited liability company (“Purchaser”).
REAL ESTATE PURCHASE AND SALE AGREEMENT by and among THE SELLERS LISTED ON SCHEDULE 1 ATTACHED HERETO, SUMMIT HOTEL OP, LP and AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO SMT, LLC Dated as of June 2, 2015Real Estate Purchase and Sale Agreement • August 3rd, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (this “Agreement”) is made as of the 2nd day of June, 2015 (the “Effective Date”), by and among the sellers listed on Schedule 1 attached hereto (each, a “Seller” and collectively, “Sellers”), Summit Hotel OP, LP, a Delaware limited partnership (“Summit”), and American Realty Capital Hospitality Portfolio SMT, LLC, a Delaware limited liability company (“Purchaser”).
AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO SMT, LLC c/o American Realty Hospitality Trust, Inc. New York, NY 10022Summit Hotel Properties, Inc. • August 3rd, 2015 • Real estate investment trusts
Reference is made to that certain Real Estate Purchase and Sale Agreement, dated June 2, 2015 (the “Agreement”), by and among the sellers listed on Schedule 1 thereto, Summit Hotel OP, LP and American Realty Capital Hospitality Portfolio SMT, LLC. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.
CONFIDENTIAL SEVERANCE AND RELEASE AGREEMENTConfidential Severance and Release Agreement • August 3rd, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • Texas
This Confidential Severance and Release Agreement (“Agreement”) is made and entered into by and between Kerry W. Boekelheide (hereafter, the “Employee”) and Summit Hotel Properties, Inc. and all affiliates of Summit Hotel Properties, Inc., including without limitation Summit Hotel OP, LP, (hereafter, collectively, the “Employer”) (the signatories to this Agreement will be referred to collectively as the “Parties”) as follows:
AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO SMT, LLC c/o American Realty Hospitality Trust, Inc. New York, NY 10022Summit Hotel Properties, Inc. • August 3rd, 2015 • Real estate investment trusts
Reference is made to that certain Real Estate Purchase and Sale Agreement, dated June 2, 2015 (the “Agreement”), by and among the sellers listed on Schedule 1 thereto, Summit Hotel OP, LP and American Realty Capital Hospitality Portfolio SMT, LLC. Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Agreement.
