0000950134-04-013952 Sample Contracts

ASHFORD HOSPITALITY TRUST, INC. Shares of 8.55% Series A Cumulative Preferred Stock (Liquidation Preference $25.00 per Share) UNDERWRITING AGREEMENT
Underwriting Agreement • September 21st, 2004 • Ashford Hospitality Trust Inc • Real estate investment trusts • New York

WACHOVIA CAPITAL MARKETS, LLC FRIEDMAN, BILLINGS, RAMSEY & CO., INC. as Representatives of the several Underwriters c/o Wachovia Capital Markets, LLC 301 S. College Street Charlotte, North Carolina 28288

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