0001193125-06-046104 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 6th, 2006 • Jameson Inns Inc • Real estate investment trusts • Georgia

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this 19th day of February, 2004, by and between Jameson Inns, Inc., a corporation incorporated under the laws of the State of Georgia (the “Company”), and Steven A. Curlee, an individual resident of the State of Georgia (the “Executive”).

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TRANSITION AGREEMENT
Transition Agreement • March 6th, 2006 • Jameson Inns Inc • Real estate investment trusts • Georgia

Executive is employed by Company as its Treasurer and Chief Accounting Officer pursuant to that certain Employment Agreement dated as of February 19, 2004 (the “Employment Agreement”). Company and Executive have mutually agreed that Executive will continue in his current position through April 1, 2006, at which time his employment with the Company will terminate and he will begin a one-year consulting arrangement which will allow the Company to call upon the talents, services and expertise of Executive following the termination of Executive’s employment. Therefore, in order to achieve a final and amicable resolution of these relationships and positions in all respects and in consideration of the mutual covenants and promises set forth below, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

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