0000900440-15-000022 Sample Contracts

SECOND AMENDMENT TO THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SUPERTEL LIMITED PARTNERSHIP MARCH 2, 2015
Second Amendment to Third Amended and Restated Agreement of Limited Partnership • March 6th, 2015 • Supertel Hospitality Inc • Real estate investment trusts • Virginia

THIS SECOND AMENDMENT TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Second Amendment”), dated as of March 2, 2015, is entered into by SUPERTEL HOSPITALITY REIT TRUST, a Maryland real estate investment trust, as general partner (the “General Partner”) of SUPERTEL LIMITED PARTNERSHIP, a Virginia limited partnership (the “Partnership”), for itself and on behalf of the limited partners of the Partnership.

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COMMON STOCK PURCHASE WARRANT SUPERTEL HOSPITALITY, INC.
Common Stock Purchase Warrant • March 6th, 2015 • Supertel Hospitality Inc • Real estate investment trusts • Maryland

THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, J. William Blackham (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after March 2, 2015 (the “Initial Exercise Date”) and on or prior to the close of business on the Termination Date but not thereafter, to subscribe for and purchase from Supertel Hospitality, Inc., a Maryland corporation (the “Company”), 657,894 shares (subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the applicable Exercise Price hereunder.

EMPLOYMENT AGREEMENT
Employment Agreement • March 6th, 2015 • Supertel Hospitality Inc • Real estate investment trusts • Maryland

Employment Agreement, dated effective as of March 2, 2015, by and between Supertel Hospitality, Inc., a Maryland corporation (the “Company”) and J. William Blackham, an individual (the “Executive”).

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