TERMINATION AND RELEASE AGREEMENTTermination and Release Agreement • October 3rd, 2006 • Golf Trust of America Inc • Real estate investment trusts • Florida
This Termination and Release Agreement (“Agreement”) is made as of the 28th day of September, 2006 (the “Execution Date”), by and among (i) GTA-IB, LLC, a Florida limited liability company (“Owner”), (ii) Golf Trust of America, Inc. (“GTA”), as guarantor with respect to paragraphs 2, 4, 5, 6, 16, 17, 18, 19, 20, 21, 22, 23 and 27 herein, and (iii) Westin Hotel Management L.P., a Delaware limited partnership, as successor in interest to Westin Management Company South, a Delaware corporation (“Operator,” and together with Owner and GTA, the “Parties”).
