OFFER TO PURCHASE FOR CASH 5,000,000 SHARES OF COMMON STOCK OF APPLE REIT EIGHT, INC. AT $3 PER UNIT by: MPF FLAGSHIP FUND 14, LLC, MPF PLATINUM FUND, LP, MPF NORTHSTAR FUND, LP, MPF INCOME FUND 26, LLC, MORAGA GOLD, LLC, COASTAL REALTY BUSINESS TRUST...Offer to Purchase • June 1st, 2011 • Mackenzie Patterson Fuller, Lp
The Purchasers hereby seek to acquire 5,000,000 Units of common stock and the associated shares of Series A preferred stock (the “Units”) in APPLE REIT EIGHT, INC. (the “Corporation”). The Purchasers are not affiliated with the Corporation or its management. The Purchasers hereby offer to purchase 5,000,000 Units at a purchase price equal to $3 per Unit, less the amount of any dividends declared or made with respect to the Units between June 1, 2011 and July 15, 2011, or such other date to which this offer may be extended (the “Expiration Date”), in cash, without interest, upon the terms and subject to the conditions set forth in this offer to purchase (the “Offer to Purchase”) and in the related Assignment Form, as each may be supplemented or amended from time to time (which together constitute the “Offer”). As noted above, the Offer price would be subject to reduction for dividends made or declared prior to the Expiration Date. Any dividends made or declared after the Expiration Date
