0001604738-15-000020 Sample Contracts

SECOND AMENDED AND RESTATED ADVISORY AGREEMENT
Advisory Agreement • March 24th, 2015 • Ashford Inc • Services-management consulting services • Texas

THIS SECOND AMENDED AND RESTATED ADVISORY AGREEMENT (this “Agreement”), is dated as of November 3, 2014 (the “Effective Date”), by and between ASHFORD HOSPITALITY PRIME, INC., a Maryland corporation (“Ashford Prime”), ASHFORD HOSPITALITY PRIME LIMITED PARTNERSHIP, a Delaware limited partnership (the “Operating Partnership”), and ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (the “Advisor”).

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INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • March 24th, 2015 • Ashford Inc • Services-management consulting services • Texas

THIS INVESTMENT MANAGEMENT AGREEMENT (the “Agreement”), made as of the 10th day of December, 2014, by AHP SMA, LP, a Delaware limited partnership and wholly-owned subsidiary of Ashford Hospitality Prime, Inc. (hereinafter called the “Client”), and ASHFORD INVESTMENT MANAGEMENT LLC, a Delaware limited liability company and indirect subsidiary of Ashford Inc. (hereinafter called the “Manager”).

AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ASHFORD HOSPITALITY ADVISORS LLC DATED: October 8, 2014
Limited Liability Company Agreement • March 24th, 2015 • Ashford Inc • Services-management consulting services • Delaware

WHEREAS, Ashford Hospitality Advisors LLC (the “Company”) was formed as a limited liability company under the laws of the State of Delaware by the filing of a Certificate of Formation with the Secretary of State of Delaware on April 5, 2013;

AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED ADVISORY AGREEMENT
Advisory Agreement • March 24th, 2015 • Ashford Inc • Services-management consulting services

THIS AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED ADVISORY AGREEMENT (this “Amendment”) is entered into as of March 23, 2015, effective as of November 13, 2014 (the “Effective Date”), by and between ASHFORD HOSPITALITY PRIME, INC., a Maryland corporation (“Ashford Prime”), ASHFORD HOSPITALITY PRIME LIMITED PARTNERSHIP, a Delaware limited partnership (the “Operating Partnership”), ASHFORD INC., a Delaware corporation, and ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (“Ashford Advisor,” and together with Ashford Advisor, the “Advisor”), which is the operating company of Ashford Inc.

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