CONTRIBUTION AGREEMENT dated as of August 1, 2008 by and among HERSHA NORTHEAST ASSOCIATES, LLC, KIRIT PATEL, K&D INVESTMENT ASSOCIATES, L.L.C., and ASHWIN SHAH as Contributors, and HERSHA HOSPITALITY LIMITED PARTNERSHIP and HERSHA SMITHFIELD MANAGING...Contribution Agreement • August 7th, 2008 • Hersha Hospitality Trust • Real estate investment trusts • Pennsylvania
THIS CONTRIBUTION AGREEMENT, dated as of August 1, 2008 (the "Agreement"), Hersha Northeast Associates, LLC, a Delaware limited liability company (the "Northeast Contributor"), Kirit Patel, an individual (the "Patel Contributor"), K&D Investment Associates, L.L.C., a Michigan limited liability company (the "K&D Contributor") and Ashwin Shah, an individual (the "Shah Contributor", and collectively, all together the "Contributors"), 44 Hersha Smithfield, LLC, a Rhode Island limited liability company (the "Subject Company"), Hersha Smithfield Managing Member, LLC, a Delaware limited liability company (the "Manager Acquirer"), and Hersha Hospitality Limited Partnership, a Virginia limited partnership (the "Partnership Acquirer", and together with the Manager Acquirer, the "Acquirer") provides:
