Apple REIT Eight, Inc. Sample Contracts

PURCHASE CONTRACT between VIKING FUND ST. CHARLES (MO), LLC (“SELLER”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated: January 25, 2008
Purchase Contract • March 4th, 2008 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of January 25, 2008, by and between VIKING FUND ST. CHARLES (MO), LLC, a Delaware limited liability company (“Seller”) with a principal office at 13760 Noel Rd., Suite 610, Dallas, Texas 75240, and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).

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HOTEL LEASE AGREEMENT EFFECTIVE DECEMBER 14, 2007 BETWEEN APPLE EIGHT HOSPITALITY OWNERSHIP, INC. A VIRGINIA CORPORATION AS LESSOR AND APPLE EIGHT HOSPITALITY MANAGEMENT, INC., A VIRGINIA CORPORATION AS LESSEE
Hotel Lease Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

THIS HOTEL LEASE AGREEMENT (hereinafter called “Lease”), effective as of the 14th day of December, 2007, by and between APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation (hereinafter called “Lessor”), and APPLE EIGHT HOSPITALITY MANAGEMENT, INC., a Virginia corporation (hereinafter called “Lessee”), provides as follows:

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AGREEMENT OF PURCHASE AND SALE
Purchase and Sale Agreement • December 27th, 2007 • Apple REIT Eight, 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:

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ESCROW AGREEMENT (Apple REIT Eight, Inc.)
Escrow Agreement • May 30th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Virginia

THIS ESCROW AGREEMENT, dated as of May 29, 2007 (“Escrow Agreement”), is by and among DAVID LERNER ASSOCIATES, INC., a New York corporation (“Agent”), APPLE REIT EIGHT, INC., a Virginia corporation (“Company”), and AMERICAN STOCK TRANSFER & TRUST COMPANY, a financial institution chartered under the laws of the State of New York, as Escrow Agent hereunder (“Escrow Agent”).

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MANAGEMENT AGREEMENT by and between NEWPORT GREENSBORO MANAGEMENT, LLC as “MANAGER” and APPLE EIGHT HOSPITALITY MANAGEMENT, INC. as “OWNER” Dated as of November 9, 2007
Management Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

THIS MANAGEMENT AGREEMENT (“Agreement”) is executed as of the 9th day of November, 2007 (“Effective Date”), by APPLE EIGHT HOSPITALITY MANAGEMENT, 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 NEWPORT GREENSBORO MANAGEMENT, LLC, a Virginia limited liability company (“Manager”), with a mailing address at c/o 4290 New Town Avenue, Williamsburg, Virginia 23188.

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91,125,541 Units (Common Shares and Series A Preferred Shares) APPLE REIT EIGHT, INC. Agency Agreement May 24, 2007
Agency Agreement • May 30th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Virginia

Apple REIT Eight, Inc., a Virginia corporation (the “Company”), is a corporation that will elect to qualify as a real estate investment trust pursuant to Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”). Subject to the terms and conditions stated herein, the Company proposes to engage David Lerner Associates, Inc. as its managing dealer (the “Agent”) to solicit offers to buy and obtain purchasers for Units, as offered by the Prospectus which is part of the Form S-11 Registration Statement under the Securities Act of 1933 (File No. 333-140548) as filed with the Securities and Exchange Commission. Each Unit refers to one share of common stock, no par value, and one Series A preferred share of the Company registered pursuant to the Registration Statement referred to in the preceding sentence. This will confirm our agreement respecting your engagement as the exclusive agent to solicit offers to buy and obtain purchasers for the Units on a “best efforts

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ADVISORY AGREEMENT BETWEEN APPLE REIT EIGHT, INC. AND APPLE EIGHT ADVISORS, INC.
Advisory Agreement • May 30th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Virginia

THIS ADVISORY AGREEMENT, dated as of May 24, 2007, is between APPLE REIT EIGHT, INC., a Virginia corporation (the “Company”), and APPLE EIGHT ADVISORS, INC., a Virginia corporation (the “Advisor”).

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FRANCHISE LICENSE AGREEMENT HAMPTON INN BOWLING GREEN (BOWLING GREEN, KENTUCKY)
Franchise License Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • New York

Dated as of the date set forth on the Rider attached as Attachment B (the “Rider”) between the licensor entity set forth on the Rider (“we,” “us,” “our” or “Licensor”), and the licensee entity (“you,” “your” or “Licensee”), the name and address of which is set forth on the Rider.

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COURTYARD BY MARRIOTT RELICENSING FRANCHISE AGREEMENT between MARRIOTT INTERNATIONAL, INC. Franchisor and APPLE EIGHT HOSPITALITY MANAGEMENT, INC. Franchisee Location: 250 Davidson Avenue, Somerset, NJ 08873-4115 Dated as of:
Franchise Agreement • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Maryland

THIS AGREEMENT is made and entered into effective as of the day of , 2007 (“Effective Date”), between Marriott International, Inc., a Delaware corporation (“Franchisor”), and Apple Eight Hospitality Management, Inc., a Virginia corporation (“Franchisee”).

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PROPERTY ACQUISITION/DISPOSITION AGREEMENT
Property Acquisition/Disposition Agreement • May 30th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • Virginia

THIS AGREEMENT is made and entered into as of May 24, 2007, by and between Apple REIT Eight, Inc., a Virginia corporation (hereinafter referred to as “Owner”), and Apple Suites Realty Group, Inc., a Virginia corporation (hereinafter referred to as “Agent”).

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PURCHASE CONTRACT between FIRST STREET HOTELS, LLC (“SELLER”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated: April 3, 2008
Purchase Contract • May 8th, 2008 • Apple REIT Eight, Inc. • Real estate investment trusts
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VOTING AGREEMENT
Voting Agreement • August 8th, 2013 • Apple REIT Eight, Inc. • Real estate investment trusts • Virginia

THIS VOTING AGREEMENT (this “Agreement”) is entered into as of August 7, 2013 by and among Apple REIT Seven, Inc., a Virginia corporation (“Apple Seven”), Apple REIT Eight, Inc., a Virginia corporation (“Apple Eight”), and Apple REIT Nine, Inc., a Virginia corporation (“Apple Nine,” and collectively with Apple Seven and Apple Eight, the “Apple REITs” or individually, an “Apple REIT”), and Glade M. Knight (a “Company Securityholder”).

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Hotel: Orlando SpringHill Suites and Orlando Fairfield Inn & Suites (Construction) PURCHASE CONTRACT between GROVE STREET ORLANDO, LLC (“SELLER”) AND APPLE EIGHT HOSPITALITY, INC. (“BUYER”) Dated: September 26, 2007
Purchase Contract • November 2nd, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of September , 2007, by and between GROVE STREET ORLANDO, LLC, a Georgia limited liability company (“Seller”), with its principal office at One Overton Park, 3625 Cumberland Boulevard, Suite 400, Atlanta, Georgia 30339, and APPLE EIGHT HOSPITALITY, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).

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PURCHASE CONTRACT between COUNTRY CLUB EXTENDED STAY SUITES, L.L.C. RILEY EXTENDED STAY SUITES, L.L.C. WESTFORD INN, L.L.C. WESTFORD HOTELS, LLC RILEY HOTEL SUITES, L.L.C. (“SELLERS”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated:...
Purchase Contract • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of December 27, 2007, by and between COUNTRY CLUB EXTENDED STAY SUITES, L.L.C., a Missouri limited liability company, RILEY EXTENDED STAY SUITES, L.L.C., a Kansas limited liability company, WESTFORD INN, L.L.C., a Delaware limited liability company, WESTFORD HOTELS, LLC, a Massachusetts limited liability company, and RILEY HOTEL SUITES, L.L.C., a Kansas limited liability company (individually, a “Seller”, and collectively, the “Sellers”), with a principal office at c/o True North Hotel Group, Inc. (“TNHG”), 500 Commerce Plaza I, 7300 West 110th Street, Suite 990, Overland Park, Kansas 66210, and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”).

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AGREEMENT OF SALE AND PURCHASE between 57TH STREET OWNER, LLC, a Delaware limited liability company “Seller” and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation “Buyer” with Escrow Instructions for LandAmerica American Title Company,...
Agreement of Sale and Purchase • December 27th, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts • New York

THIS AGREEMENT OF SALE AND PURCHASE (this “Agreement”), dated as of November 15, 2007, is between 57TH STREET OWNER, LLC, a Delaware limited liability company (“Seller”), and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation (together with its permitted successors and assigns “Buyer”).

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PURCHASE CONTRACT between NGC HARBISON, LLC, JEFFERSON HOSPITALITY, LLC, BRR HARRISONBURG, LLC, TLC SOMERSET, LLC, VIRGINIAN NEWPORT/SAVANNAH, LLC, HISTORIC NEWPORT/SAVANNAH, LLC, NEWPORT PATRIOT, LLC, GABRIEL NEWPORT CONCORD, LLC, and BRR GREENSBORO,...
Purchase Contract • November 2nd, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

THIS POST-CLOSING AGREEMENT (this “Agreement”) is executed effective as of (the “Effective Date”), by and among (“Seller”), (“Buyer”), and LAND AMERICA – AMERICAN TITLE COMPANY (“Escrow Agent”).

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PURCHASE CONTRACT between COLUMBIA HOSPITALITY, INC. AND RIVA HOSPITALITY, LLC (JOINTLY “SELLER”) AND APPLE EIGHT HOSPITALITY OWNERSHIP, INC. (“BUYER”) Dated: October 9, 2007
Purchase Contract • November 2nd, 2007 • Apple REIT Eight, Inc. • Real estate investment trusts

This PURCHASE CONTRACT (this “Contract”) is made and entered into as of , 2007, by and between COLUMBIA HOSPITALITY, INC., a Maryland corporation (“Hospitality”), and RIVA HOSPITALITY, LLC, a Maryland limited liability company (“Riva” and together with Hospitality, “Seller”), each with a principal office at Belle Point Office Park, 7871 Belle Point Drive, Greenbelt, MD 20770, and APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation, with its principal office at 814 East Main Street, Richmond, Virginia 23219, or its affiliates or assigns (“Buyer”)

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UNCONDITIONAL GUARANTY
Unconditional Guaranty • February 9th, 2007 • Apple REIT Eight, Inc.
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