Common use of NOTICE OF EXERCISE OF REDEMPTION RIGHT Clause in Contracts

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Second Amended and Restated Agreement of Limited Partnership (the “Agreement”) of Highland Hospitality, L.P., the undersigned hereby irrevocably (i) presents for redemption Partnership Units in accordance with the terms of the Agreement and the Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Partnership Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated: , Name of Limited Partner: (Signature of Limited Partner) (Mailing Address) (City) (State) (Zip Code) Signature Guaranteed by: If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: For Redeeming Limited Partners that are entities:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 9.04 of the Second First Amended and Restated Agreement of Limited Partnership Agreement (the “Agreement”) of Highland HospitalityCaplease, L.P.LP, the undersigned hereby irrevocably (i) presents for redemption ________ Partnership Units in Caplease, LP in accordance with the terms of the Agreement and the Redemption Right referred to in Section 8.04 9.04 thereof, (ii) surrenders such Partnership Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated: :________ __, _____ Name of Limited Partner: (Signature of Limited Partner) (Mailing Address) (City) (State) (Zip Code) Signature Guaranteed by: If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: For Redeeming Limited Partners that are entities: