EXHIBIT 10.23 ASHFORD HOSPITALITY TRUST, INC. SUBSCRIPTION AGREEMENT Ashford Hospitality Trust, Inc. 14180 Dallas Parkway, 9th Floor Dallas, TX 75254 Attention: David A. Brooks Re: Private Placement of Securities Gentlemen: This SUBSCRIPTION AGREEMENT...Subscription Agreement • July 3rd, 2003 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland
RECITALSAsset Management and Consulting Agreement • July 3rd, 2003 • Ashford Hospitality Trust Inc • Real estate investment trusts • Texas
EXHIBIT 10.22 MUTUAL EXCLUSIVITY AGREEMENT THIS MUTUAL EXCLUSIVITY AGREEMENT (this "AGREEMENT") is entered as of the ____ day of __________, 2003 (the "EFFECTIVE DATE") by and between ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited...Mutual Exclusivity Agreement • July 3rd, 2003 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland
