0000950134-05-006686 Sample Contracts

ASHFORD HOSPITALITY TRUST, INC. Shares of Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • April 1st, 2005 • 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 7 St. Paul Street, 1st Floor Baltimore, Maryland 21202

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