EMPLOYMENT AGREEMENTEmployment Agreement • May 4th, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • Texas
THIS EMPLOYMENT AGREEMENT, effective as of January 1, 2015, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and PAUL RUIZ (the “Executive”), recites and provides as follows:
ACCESSION AGREEMENT April 21, 2015Accession Agreement • May 4th, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts
Pursuant to the provisions of Section 2.17 of the Credit Agreement dated as of April 7, 2015, as from time to time in effect (as the same may be varied, extended, supplemented, consolidated, replaced, increased, renewed, modified or amended from time to time, the “Credit Agreement”), by and among SUMMIT HOTEL OP, LP, a Delaware limited partnership (“Borrower”), Summit Hotel Properties, Inc., the Subsidiary Guarantors party thereto, KeyBank National Association (“KeyBank”), as Administrative Agent, and each of the lenders initially a signatory to the Credit Agreement together with their assignees pursuant to Section 9.07 of the Credit Agreement and any additional lenders pursuant to Section 2.17 of the Credit Agreement (collectively, the “Existing Lenders” and each individually an “Existing Lender”), the Borrower hereby requests an increase in the Term Loan Commitment (as defined in the Credit Agreement) as further set forth below.
SUMMIT HOTEL PROPERTIES, INC. Stock Award Agreement (Performance-Based Shares)Stock Award Agreement • May 4th, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • Texas
This Stock Award Agreement (this “Agreement”), dated as of the day of , 2015, between SUMMIT HOTEL PROPERTIES, INC., a Maryland corporation (the “Company”), and (the “Participant”), is made pursuant to the terms of the Summit Hotel Properties, Inc. 2011 Equity Incentive Plan (the “Plan”).
SECOND AMENDMENT TO CREDIT AGREEMENTCredit Agreement • May 4th, 2015 • Summit Hotel Properties, Inc. • Real estate investment trusts • New York
SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of April 7, 2015, among Summit Hotel OP, LP (the “Borrower”), Deutsche Bank AG New York Branch, as administrative agent (the “Administrative Agent”), and the financial institutions party to the Credit Agreement referred to below (collectively, the “Lender Parties”).
