PURCHASE CONTRACT between GRAND SHANGRILA INTERNATIONAL, INC. (“SELLER”) AND APPLE NINE HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated: October 17, 2008Purchase Contract • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts
This PURCHASE CONTRACT (this “Contract”) is made and entered into as of October 17, 2008, by and between GRAND SHANGRILA INTERNATIONAL, INC., a California corporation (“Seller”) with a principal office at 7100 Saddleback Drive, Bakersfield, California, 93309, and APPLE NINE HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).
HOTEL LEASE AGREEMENT EFFECTIVE OCTOBER 16, 2008 BETWEEN APPLE NINE HOSPITALITY OWNERSHIP, INC. A VIRGINIA CORPORATION AS LESSOR AND APPLE NINE HOSPITALITY TEXAS SERVICES, INC. A VIRGINIA CORPORATION AS LESSEEHotel Lease Agreement • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts
THIS HOTEL LEASE AGREEMENT (hereinafter called “Lease”), effective as of the 16th day of October, 2008, by and between Apple Nine Hospitality Ownership, Inc., a Virginia corporation (hereinafter called “Lessor”), and Apple Nine Hospitality Texas Services, Inc., a Virginia corporation (hereinafter called “Lessee”), provides as follows:
AGREEMENT OF PURCHASE AND SALEAgreement of Purchase and Sale • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts • California
BY THIS AGREEMENT OF PURCHASE AND SALE (this “Agreement”), and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto declare, covenant and agree as follows:
PURCHASE CONTRACT between LARRY G. BLUMBERG HAYNE HOLLIS BARRY KRASELSKY WATSON & DOWNS INVESTMENTS, LLC HELEN B. LIFLAND RICHARD H. BLUMBERG ELIZABETH B. DONROE MELISSA L. BLUMBERG STEVE BECKER BLUMBERG FUTURES, LLC HOLLIS & SPANN FUTURES, LLC...Purchase Contract • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts
This PURCHASE CONTRACT (this “Contract”) is made and entered into as of the date set forth in Item 1 of Schedule 1 by and between the persons and entities set forth in Item 2(a) of Schedule 1 (each, an “Interest Owner” and, collectively, the “Interest Owners”), with an address c/o Larry Blumberg & Associates, Inc., 2733 Ross Clark Circle, P.O. Box 5566, Dothan, Alabama 36302; the entity set forth in Item 2(b) of Schedule 1 (the “Company”), with its principal office c/o Larry Blumberg & Associates, Inc., 2733 Ross Clark Circle, P.O. Box 5566, Dothan, Alabama 36302; and APPLE NINE HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).
MANAGEMENT AGREEMENT by and between GATEWAY HOSPITALITY GROUP, INC. as “MANAGER” and APPLE NINE HOSPITALITY TEXAS SERVICES, INC. as “OWNER” Dated as of September 26, 2008Management Agreement • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts
THIS MANAGEMENT AGREEMENT (“Agreement”) is executed as of the 26th day of September, 2008 (“Effective Date”), by APPLE NINE HOSPITALITY TEXAS SERVICES, INC., a Virginia corporation (“Owner”), with a mailing address at c/o Apple REIT Companies, 814 E. Main Street, Richmond, Virginia 23219, Attention: Krissy Gathright, and GATEWAY HOSPITALITY GROUP, INC., an Ohio corporation (“Manager”), with a mailing address at c/o Gateway Hospitality Group Inc., 8921 Canyon Falls Blvd., Ste 140, Twinsburg, Ohio 44087
FRANCHISE LICENSE AGREEMENT HILTON GARDEN INN CLEVELAND/TWINSBURG TWINSBURG, OHFranchise License Agreement • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts • New York
Dated as of the Effective Date in the Rider attached as Attachment B (the “Rider”) between the licensor entity in the Rider (“we,” “us,” “our” or “Licensor”), and the licensee entity (“you,” “your” or “Licensee”) in the Rider.
AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS Courtyard by Marriott Santa ClaritaAgreement of Purchase and Sale • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts • California
THIS AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS (“Agreement”) is made and entered into as of this 24th day of July, 2008 (the “Effective Date”), by and between OCEAN PARK HOTELS-MMM, LLC, a California limited liability company (“Seller”), and APPLE NINE HOSPITALITY OWNERSHIP, INC. (“Buyer”). Seller and Buyer enter into this Agreement with respect to the following:
COURTYARD BY MARRIOTT RELICENSING FRANCHISE AGREEMENT between MARRIOTT INTERNATIONAL, INC. Franchisor and APPLE NINE HOSPITALITY MANAGEMENT, INC. Franchisee Location: 28523 Westinghouse Place, Valencia, CA 91355 Dated as of: September 24, 2008Relicensing Franchise Agreement • October 23rd, 2008 • Apple REIT Nine, Inc. • Real estate investment trusts • Maryland
THIS AGREEMENT is made and entered into effective as of the 24th day of September, 2008 (“Effective Date”), between Marriott International, Inc., a Delaware corporation (“Franchisor”), and Apple Nine Hospitality Management, Inc., a Virginia corporation (“Franchisee”).
