CONTRIBUTION AGREEMENT dated as of January 10, 2007 between SHREE ASSOCIATES, KUNJ ASSOCIATES, SHANTI III ASSOCIATES, TRUST FBO NEIL H. SHAH UNDER THE HASU AND HERSHA SHAH 2004 TRUST, TRUST FBO JAY H. SHAH UNDER THE HASU AND HERSHA SHAH 2004 TRUST,...Contribution Agreement • January 16th, 2007 • Hersha Hospitality Trust • Real estate investment trusts • Pennsylvania
THIS CONTRIBUTION AGREEMENT (the “Agreement”), dated this 10th day of January, 2007, between SHREE ASSOCIATES ("Shree"), KUNJ ASSOCIATES ("Kunj"), SHANTI III ASSOCIATES ("Shanti III"), DEVI ASSOCIATES (“Devi”), all Pennsylvania limited partnerships (the “Partnership Contributors”), TRUST FBO NEIL H. SHAH UNDER THE HASU AND HERSHA SHAH 2004 TRUST (“NHS Trust”), TRUST FBO JAY H. SHAH UNDER THE HASU AND HERSHA SHAH 2004 TRUST (“JHS Trust”) (the “Trust Contributors”), and Shreenathji Enterprises, Ltd. (“SEL”), a Pennsylvania corporation, (the “Corporate Contributor”), (collectively, the “Contributors”), DAVID L. DESFOR (“Desfor”) (the “Individual Contributor”), AND HERSHA HOSPITALITY LIMITED PARTNERSHIP, a Virginia limited partnership (the “Partnership Acquiror” or “HHLP”) and HERSHA HOSPITALITY, LLC, a Virginia limited liability company (the “LLC Acquiror” or “HHLLC”) (collectively, the “Acquirors”) and provides:
