Ashford Hospitality Prime, Inc. REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • June 12th, 2015 • Ashford Hospitality Prime, Inc. • Real estate investment trusts • New York
Ashford Hospitality Prime, Inc., a Maryland corporation (the “Company”), proposes to issue and sell (such issuance and sale, the “Initial Placement”) to the Initial Purchaser (as defined below), upon the terms set forth in a purchase agreement, dated June 9, 2015 (the “Purchase Agreement”), $65,000,000 of the Company’s 5.50% Series A Cumulative Convertible Preferred Stock, par value $0.01 per share and liquidation preference $25.00 per share (the “Convertible Preferred Stock”). The Convertible Preferred Stock is convertible into shares of Common Stock (as defined below) pursuant to the terms of the Articles Supplementary (as defined below). As an inducement to you to enter into the Purchase Agreement and in satisfaction of a condition to your obligations thereunder, each of the Company, Ashford Hospitality Prime Limited Partnership, a Delaware limited partnership and the Company’s operating partnership (the “Operating Partnership”), and Ashford Hospitality Advisors LLC, a Delaware limi
