0001193125-05-093891 Sample Contracts

PURCHASE AND SALE AGREEMENT BY AND BETWEEN MARRIOTT INTERNATIONAL, INC. and SUNSTONE HOTEL INVESTORS, INC., April 27, 2005
Purchase and Sale Agreement • May 3rd, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

THIS PURCHASE AND SALE AGREEMENT is made as of the 27th day of April, 2005 by and among MARRIOTT INTERNATIONAL, INC. (“Marriott”), and SUNSTONE HOTEL INVESTORS, INC., a Maryland corporation, together with rights of assignment to Affiliates (the “Purchaser”).

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REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • May 3rd, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), is made and entered into as of April 27, 2005, between Sunstone Hotel Investors, Inc., a Maryland corporation (the “Company”) and BIP REIT Private Limited, a Singapore corporation (together with its successors and assigns, the “Investor”).

SERIES C CUMULATIVE CONVERTIBLE REDEEMABLE PREFERRED STOCK PURCHASE AGREEMENT DATED AS OF APRIL 27, 2005 AMONG SECURITY CAPITAL PREFERRED GROWTH INCORPORATED, SUNSTONE HOTEL INVESTORS, INC. AND SUNSTONE HOTEL PARTNERSHIP, LLC
Series C Cumulative Convertible Redeemable Preferred Stock Purchase Agreement • May 3rd, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

This SERIES C CUMULATIVE CONVERTIBLE REDEEMABLE PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of the 25th day of April, 2005 by and among Sunstone Hotel Investors, Inc., a Maryland corporation (the “Company”), Sunstone Hotel Partnership, LLC, a Delaware limited partnership (the “Operating Partnership”) and Security Capital Preferred Growth Incorporated, a Maryland corporation (the “Investor”).

STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • May 3rd, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

Stock Purchase Agreement, dated as of April 27, 2005 (this “Agreement”), between BIP REIT Private Limited, a company organized under the laws of the Republic of Singapore (together with its successors and assigns, the “Purchaser”), and Sunstone Hotel Investors, Inc., a corporation organized under the laws of the State of Maryland (the “Company”).

ESCROW AGREEMENT
Escrow Agreement • May 3rd, 2005 • Sunstone Hotel Investors, Inc. • Hotels & motels • New York

This ESCROW AGREEMENT (this “Agreement”) is dated as of April 27, 2005, by and among (i) Sunstone Hotel Investors, Inc., a corporation organized under the laws of the State of Maryland (the “Company”), (ii) BIP REIT Private Limited, a Singapore corporation (together with its successors and assigns, the “Purchaser”) and (iii) Citibank, N.A., a national banking institution incorporated under the laws of the United States of America (the “Escrow Agent”). The Company and the Purchaser are sometimes referred to herein collectively as the “Payors.”

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