FOURTH AMENDMENT TO AGREEMENT TO LEASE
THIS FOURTH AMENDMENT TO AGREEMENT TO LEASE (this "Amendment") is
entered into as of this 11th day of April, 2002, by and between HOSPITALITY
PROPERTIES TRUST, a Maryland real estate investment trust ("HPT") and CANDLEWOOD
HOTEL COMPANY, INC., a Delaware corporation, ("Candlewood").
W I T N E S S E T H:
WHEREAS, pursuant to a Purchase and Sale Agreement, dated as of the date
hereof (as the same may be amended, restated, supplemented or otherwise modified
from time to time, the "2002 Purchase Agreement"), by and among HPT and
Candlewood and certain of its wholly owned subsidiaries, Landlord is planning to
acquire certain properties, as more particularly described in the 2002 Purchase
Agreement; and
WHEREAS, pursuant to a certain Agreement to Lease, dated as of November
19, 1997 (as amended, the "Agreement to Lease"), HPT agreed to lease or cause
the Landlord to lease certain properties to the Tenant, all as more particularly
described in and subject to and upon the terms and conditions set forth therein;
and
WHEREAS, the parties wish to amend certain terms and conditions of the
Agreement to Lease, all as more particularly set forth herein; and
WHEREAS, on the date hereof, a Closing (as defined in the 2002 Purchase
Agreement) is occurring with respect to certain hotel properties, the legal
descriptions of which are set forth in Exhibits A-1 through A-21 of this
Amendment; and
WHEREAS, the transactions contemplated by this Amendment are of direct
substantial and material benefit to Candlewood;
NOW, THEREFORE, in consideration of the mutual covenants herein
contained and for other good and valuable consideration, the mutual receipt and
legal sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows:
1. Exhibit C to the Agreement to Lease is hereby deleted and Exhibit B
to this Amendment inserted in its place.
2. As amended hereby, the Agreement to Lease shall remain in full force
and effect in accordance with their respective terms and provisions.
3. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.
[SIGNATURES ON FOLLOWING PAGE.]
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment
under seal as of the date above first written.
HOSPITALITY PROPERTIES TRUST
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx
President
CANDLEWOOD HOTEL COMPANY, INC.
By: /s/ Xxx Xxxxxxx
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Xxx Xxxxxxx
Vice President-Treasurer and
Assistant Secretary
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EXHIBITS A-1 THROUGH A-21
[See attached copies.]
EXHIBIT B
SCHEDULE OF ALLOCABLE MINIMUM RENTS
[See attached copy.]
