0000950123-10-088227 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • South Dakota

THIS EMPLOYMENT AGREEMENT, effective as of _______ ___, 2010, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and CRAIG J. ANISZEWSKI (the “Executive”), recites and provides as follows:

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LOAN AGREEMENT
Loan Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • Arizona

THIS LOAN AGREEMENT (this “Agreement”) is made as of April 30, 2007 (the “Closing Date”), by and between GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“Lender”), and SUMMIT HOTEL PROPERTIES, LLC, a South Dakota limited liability company (“Borrower”).

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SEVERANCE AGREEMENT
Severance Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • South Dakota

THIS SEVERANCE AGREEMENT, effective as of , 2010, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and JoLynn M. Sorum (the “Executive”), recites and provides as follows:

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LOAN AGREEMENT BY AND BETWEEN SUMMIT HOTEL PROPERTIES, LLC, A SOUTH DAKOTA LIMITED LIABILITY COMPANY AND ING LIFE INSURANCE AND ANNUITY COMPANY, A CONNECTICUT CORPORATION DATED AS OF JUNE 15, 2006
Loan Agreement by And • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • Illinois

THIS AGREEMENT is made and entered into as of June 15, 2006 by and between SUMMIT HOTEL PROPERTIES, LLC, a South Dakota limited liability company (“BORROWER”), and ING LIFE INSURANCE AND ANNUITY COMPANY, a Connecticut corporation (“LENDER”).

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FORM OF INDEMNIFICATION AGREEMENT
Form of Indemnification Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • Maryland

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made and entered into as of the day of , 20____, by and between Summit Hotel Properties, Inc., a Maryland corporation (the “Company”), and (“Indemnitee”).

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CONSTRUCTION LOAN AGREEMENT (Arizona — Income Property) By and Between SUMMIT HOTEL PROPERTIES, LLC, as Borrower and COMPASS BANK, as Bank
Construction Loan Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • Arizona

This Construction Loan Agreement (“Agreement”) is dated for reference purposes as of September 17, 2008, between SUMMIT HOTEL PROPERTIES, LLC, a South Dakota limited liability company (the “Borrower”), and COMPASS BANK, an Alabama banking corporation (the “Bank”).

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LOAN MODIFICATION AGREEMENT
Loan Modification Agreement • September 23rd, 2010 • Summit Hotel OP, LP • Real estate investment trusts • Arizona

This LOAN MODIFICATION AGREEMENT (the “Modification”) is entered into as of December , 2008, by and between GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (“Lender”), whose address is 8377 East Hartford Drive, Suite 200, Scottsdale, Arizona 85255-5401, and SUMMIT HOTEL PROPERTIES, LLC, a South Dakota limited liability company (“Borrower”), whose address 2701 S. Minnesota Ave., Ste. 6, Sioux Falls, SD 57105.

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