FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
Exhibit 10.8
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
AND ESCROW INSTRUCTIONS
AND ESCROW INSTRUCTIONS
This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“First
Amendment”) is dated as of this 24th day of December, 2009 and is made by and
between each of the parties named on Exhibit A hereto (each, individually, “Seller”
and, collectively, “Sellers”), and CHATHAM LODGING TRUST, a Maryland real estate investment
trust (“Purchaser”).
RECITALS
A. Sellers and Purchaser have entered into that certain Purchase and Sale Agreement and Escrow
Instructions, dated as of November 16, 2009 (the “Agreement”).
X. Xxxxxxx and Purchasers now desire to amend a provision of the Agreement.
C. All capitalized terms used in this First Amendment and not otherwise defined shall have the
meanings ascribed to such terms in Article I of the Agreement.
NOW, THEREFORE, for valuable consideration, including the promises, covenants, representations
and warranties hereinafter set forth, the receipt and adequacy of which are hereby acknowledged,
the parties, intending to be legally and equitably bound, agree as follows.
1. In the third sentence of Section 4.4.1 of the Agreement, the words: “within three (3) days”
are hereby deleted and the words: “by 5:00 pm EST on December 30, 2009” are substituted in lieu
therefor.
2. As amended hereby, the Agreement is hereby restated and reaffirmed.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of
the 24th day of December, 2009.
SELLERS: RLJ BILLERICA HOTEL, L.L.C. |
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By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
President | ||||
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Exhibit 10.8
[Signatures continued on next page.]
RLJ BLOOMINGTON HOTEL, L.L.C. |
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By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
President | ||||
RLJ BRENTWOOD HOTEL, L.L.C. |
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By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
President | ||||
RLJ DALLAS HOTEL LIMITED PARTNERSHIP By: RLJ Dallas Hotel Gen-Par, L.L.C. |
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General Partner | ||||
By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
RLJ FARMINGTON HOTEL, L.L.C. |
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By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
President | ||||
RLJ MAITLAND HOTEL, L.L.C. |
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By: | /s/ Xxxxxx X. Baltimore, Jr. | |||
Xxxxxx X. Baltimore, Jr. | ||||
President | ||||
PURCHASER: CHATHAM LODGING TRUST |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Chief Executive Officer | |||
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EXHIBIT “A”
PROPERTIES AND SELLERS
PROPERTY | ||||
NUMBER | PROPERTY NAME AND ADDRESS | SELLER | ||
1 |
Homewood Suites | RLJ Billerica Hotel, L.L.C. | ||
00 Xxxxxxxxx Xxxxxxxx | ||||
Xxxxxxxxx, Xxxxxxxxxxxxx 00000 | ||||
2 |
Homewood Suites | RLJ Bloomington Hotel, L.L.C. | ||
0000 Xxxxxxxxx Xxxxx | ||||
Xxxxxxxxxxx, Xxxxxxxxx 00000 | ||||
3 |
Homewood Suites | RLJ Brentwood Hotel, L.L.C. | ||
0000 Xxxxx Xxxxxx Xxxx | ||||
Xxxxxxxxx, Xxxxxxxxx 00000 | ||||
4 |
Homewood Suites | RLJ Dallas Hotel Limited Partnership | ||
0000 Xxxxx Xxxxxxxx Xxxxxxx | ||||
Xxxxxx, Xxxxx 00000 | ||||
0 |
Xxxxxxxx Xxxxxx | XXX Xxxxxxxxxx Xxxxx, X.X.X. | ||
0 Xxxx Xxxx Xxxxxxxxx | ||||
Xxxxxxxxxx, Xxxxxxxxxxx 00000 |
3
PROPERTY | ||||
NUMBER | PROPERTY NAME AND ADDRESS | SELLER | ||
0 |
Xxxxxxxx Xxxxxx | XXX Xxxxxxxx Xxxxx, X.X.X. | ||
000 Xxxxxxxxx Xxxx | ||||
Xxxxxxxx, Xxxxxxx 00000 |
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