SETTLEMENT AGREEMENTSettlement Agreement • July 19th, 2010 • New York
Contract Type FiledJuly 19th, 2010 JurisdictionThis Settlement Agreement (this “Agreement”), dated as of July , 2010, by and among Extended Stay Inc., as debtor and debtor in possession (“ESI”), the affiliates and subsidiaries of ESI listed on the signature pages hereto, as debtors and debtors in possession (the “Debtors”), CWCapital Asset Management LLC, in its capacity as special servicer of the Successor Trustee as trustee of the trust created under the TSA (as defined below) (the “Special Servicer”) and Manufacturers and Traders Trust Company, in its capacity as Indenture Trustee for the Extended Stay Inc. 9-7/8% Senior Subordinated Notes due 2011 (the “Indenture Trustee”).