0001047469-08-003849 Sample Contracts

TERMINATION OF EMPLOYMENT AGREEMENT
Golf Trust of America Inc • March 31st, 2008 • Real estate investment trusts • South Carolina

This Termination of Employment (the "Agreement") is made and entered into by and between Golf Trust of America, Inc. ("GTA") and W. Bradley Blair, II ("WBB").

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Golf Trust Letterhead] November 8, 2007
Golf Trust of America Inc • March 31st, 2008 • Real estate investment trusts • South Carolina

This letter is intended to constitute the consulting agreement (the "Consulting Agreement") between The Blair Group, LLC (the "Firm") and Golf Trust of America, Inc. ("GTA").

EMPLOYMENT AGREEMENT
Employment Agreement • March 31st, 2008 • Golf Trust of America Inc • Real estate investment trusts

This Employment Agreement ("Agreement") is made and entered into as of November 8, 2007 by and between Golf Trust of America, Inc., a Maryland corporation (the "Company"), and Michael Pearce (the "Employee").

SEVERANCE AND CONSULTING AGREEMENT
Severance and Consulting Agreement • March 31st, 2008 • Golf Trust of America Inc • Real estate investment trusts • South Carolina

This Severance and Consulting Agreement (the "Agreement") is made and entered into by and between Golf Trust of America, Inc. (the "Company") and Tracy S. Clifford (the "Employee").

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