REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • July 22nd, 2005 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland
WHEREAS, pursuant to that certain Series B Cumulative Convertible Redeemable Preferred Stock Purchase Agreement, dated as of December 27, 2004 (the “Purchase Agreement”), by and among the Company, Ashford Hospitality Limited Partnership, a Delaware limited partnership, and the Investor, the Investor has agreed to acquire up to 7,447,865 shares of Series B-1 Cumulative Convertible Redeemable Preferred Stock, par value $.01 per share, of the Company (the “Series B-1 Preferred Stock”), all of which may be converted into the Company’s common stock, par value $0.01 per share (the “Common Stock”), pursuant to the terms of the Series B-1 Preferred Stock, and up to 2,285,865 shares of Series B-2 Cumulative Convertible Redeemable Preferred Stock, par value $.01 per share, of the Company (the “Series B-2 Preferred Stock”, and together with the Series B-1 Preferred Stock, the “Preferred Stock”); and
