Common use of Issuance and Transferability Clause in Contracts

Issuance and Transferability. The Restricted Stock granted hereunder shall be issued to the Participant of even date herewith and shall be marked with the following legend: “The shares represented by this certificate have been issued pursuant to the terms of the Ashford Inc. 2014 Incentive Plan and the Restricted Stock Award Agreement dated [__][__], [__], and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such plan or grant.” Such shares are not transferable except by will or the laws of descent and distribution or pursuant to a domestic relations order of the court in a divorce proceeding. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of the Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock or any rights relating to any of the foregoing shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be automatically forfeited by the Participant and all of the Participant’s rights to such shares shall immediately terminate without any payment or consideration by the Company and/or its Affiliates.

Issuance and Transferability. The Restricted Stock Certificates representing the shares granted hereunder shall be issued to the Participant of even date herewith and shall be marked with the following legend: “The shares represented by this certificate have been issued pursuant to the terms of the Ashford Hospitality Prime, Inc. 2014 2013 Equity Incentive Plan and the Restricted Stock Award Agreement dated [__][__]November 2, [__]2016, and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such plan or grant.” Such shares are not transferable except by will or the laws of descent and distribution or pursuant to a domestic relations order of the court in a divorce proceeding. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of the Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock or any rights relating to any of the foregoing shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be automatically forfeited by the Participant and all of the Participant’s rights to such shares shall immediately terminate without any payment or consideration by the Company Company, Advisor and/or its their respective Affiliates.

Issuance and Transferability. The Restricted Stock granted hereunder shall be issued to the Participant of even date herewith and shall be marked with the following legend: “The shares represented by this certificate have been issued pursuant to the terms of the Ashford Hospitality Trust, Inc. 2014 2011 Stock Incentive Plan and the Restricted Stock Award Agreement dated [__][__], [__]___, 2021, and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such plan or grant.” Such shares are not transferable except by will or the laws of descent and distribution or pursuant to a domestic relations order of the court in a divorce proceeding. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of the Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock or any rights relating to any of the foregoing shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be automatically forfeited by the Participant and all of the Participant’s rights to such shares shall immediately terminate without any payment or consideration by the Company Company, Advisor and/or its their respective Affiliates.

Issuance and Transferability. The Restricted Stock granted hereunder shall be issued to the Participant of even date herewith and shall be marked with the following legend: “The shares represented by this certificate have been issued pursuant to the terms of the Ashford Inc. 2014 Incentive Plan and the Restricted Stock Award Agreement dated [__][__], [_________, 2020], and may not be sold, pledged, transferred, assigned or otherwise encumbered in any manner except as is set forth in the terms of such plan or grant.” Such shares are not transferable except by will or the laws of descent and distribution or pursuant to a domestic relations order of the court in a divorce proceeding. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, or torts of the Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Restricted Stock or any rights relating to any of the foregoing shall be wholly ineffective and, if any such attempt is made, the Restricted Stock will be automatically forfeited by the Participant and all of the Participant’s rights to such shares shall immediately terminate without any payment or consideration by the Company and/or its Affiliates.