Limited Waiver Under Advisory Agreement Sample Contracts

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 27th, 2024 • Ashford Inc. • Services-management consulting services

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 11, 2024, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • August 13th, 2024 • Ashford Inc. • Services-management consulting services

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver Agreement”) is entered into as of August 8, 2024, by and among BRAEMAR HOTELS & RESORTS INC. (the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), BRAEMAR TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 17th, 2026 • Braemar Hotels & Resorts Inc. • Real estate investment trusts

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 13, 2026, by and among BRAEMAR HOTELS & RESORTS INC. (the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), BRAEMAR TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 3rd, 2023 • Ashford Inc. • Services-management consulting services

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 2, 2023, by and among BRAEMAR HOTELS & RESORTS INC. (the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), BRAEMAR TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 3rd, 2023 • Ashford Inc. • Services-management consulting services

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 2, 2023, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 27th, 2024 • Ashford Inc. • Services-management consulting services

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 11, 2024, by and among BRAEMAR HOTELS & RESORTS INC. (the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), BRAEMAR TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • December 9th, 2025 • Ashford Hospitality Trust Inc • Real estate investment trusts

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of December 9, 2025, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”) and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).

LIMITED WAIVER UNDER ADVISORY AGREEMENT
Limited Waiver Under Advisory Agreement • March 3rd, 2023 • Ashford Hospitality Trust Inc • Real estate investment trusts

This LIMITED WAIVER UNDER ADVISORY AGREEMENT (this “Waiver”) is entered into as of March 2, 2023, by and among ASHFORD HOSPITALITY TRUST, INC. (the “Company”), ASHFORD HOSPITALITY LIMITED PARTNERSHIP (the “Operating Partnership”), ASHFORD TRS CORPORATION (“TRS”), ASHFORD INC. (“AINC”), and ASHFORD HOSPITALITY ADVISORS LLC (“Ashford LLC” and, together with AINC, the “Advisor”).