0001140361-09-018081 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • August 6th, 2009 • Hersha Hospitality Trust • Real estate investment trusts • New York

This Registration Rights Agreement (this “Agreement”), dated as of August 4, 2009, is by and among Real Estate Investment Group L.P., a Bermuda limited partnership, whose general partner and majority limited partner is Tyrus S.A., a Uruguayan sociedad anónima wholly-owned by IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (the “Purchaser”), IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (“IRSA”) (solely for purposes of Section 5.6 hereof), and Hersha Hospitality Trust, a Maryland real estate investment trust (the “Company”).

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PURCHASE AGREEMENT
Purchase Agreement • August 6th, 2009 • Hersha Hospitality Trust • Real estate investment trusts • New York

This Purchase Agreement (this “Agreement”), dated as of August 4, 2009, is by and among Real Estate Investment Group L.P., a Bermuda limited partnership, whose general partner and majority limited partner is Tyrus S.A., a Uruguayan sociedad anónima wholly-owned by IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (the “Purchaser”), Hersha Hospitality Trust, a Maryland real estate investment trust (the “Company”) and Hersha Hospitality Limited Partnership, L.P., a Virginia limited partnership (the “Operating Partnership”).

INVESTOR RIGHTS AND OPTION AGREEMENT
Investor Rights and Option Agreement • August 6th, 2009 • Hersha Hospitality Trust • Real estate investment trusts • New York

This Investor Rights and Option Agreement (this “Agreement”) is entered into as of August 4, 2009, by and among Real Estate Investment Group L.P., a Bermuda limited partnership, whose general partner and majority limited partner is Tyrus S.A., a Uruguayan sociedad anónima wholly-owned by IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (the “Investor”), IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (“IRSA”) (solely for purposes of Section 10(e) hereof) and Hersha Hospitality Trust, a Maryland real estate investment trust (the “Company”).

TRUSTEE DESIGNATION AGREEMENT
Trustee Designation Agreement • August 6th, 2009 • Hersha Hospitality Trust • Real estate investment trusts • New York

This Trustee Designation Agreement (this “Agreement”), dated as of August 4, 2009, by and among Real Estate Investment Group L.P. (the “Investor”), a Bermuda limited partnership, whose general partner and majority limited partner is Tyrus S.A., a Uruguayan sociedad anónima wholly-owned by IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima (“IRSA”), IRSA and Hersha Hospitality Trust, a Maryland real estate investment trust (the “Company”).

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