AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO SMT ALT, LLCDeposit Escrow Instructions • February 16th, 2016 • American Realty Capital Hospitality Trust, Inc. • Real estate investment trusts
Reference is made to that certain Real Estate Purchase and Sale Agreement, dated as of June 2, 2015, by and among the sellers listed on Schedule 1 attached thereto (each a “Seller” and collectively “Sellers”), Summit Hotel OP, LP (“Summit”) and American Realty Capital Hospitality Portfolio SMT, LLC (“Original Purchaser”), as amended pursuant to that certain letter agreement dated as of July 15, 2015 (the “July 15 Letter Agreement”), that certain letter agreement dated as of August 21, 2015 (the “August 21 Letter Agreement”) and that certain extension notice dated as of October 26, 2015 (the “Extension Notice” and collectively with the July 15 Letter Agreement and the August 21 Letter Agreement, the “Purchase Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Purchase Agreement.
