0001193125-11-010152 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • January 19th, 2011 • MHI Hospitality CORP • Real estate investment trusts • Maryland

This EMPLOYMENT AGREEMENT (the “Agreement”), is dated as of the 1st day of January 2011, between MHI Hospitality Corporation, a Maryland corporation (the “Company” or “Employer”), and David R. Folsom (the “Executive”).

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • January 19th, 2011 • MHI Hospitality CORP • Real estate investment trusts • Maryland

This First Amendment to Employment Agreement (the “Amendment”) is dated as of the 1st day of January 2011, between MHI Hospitality Corporation, a Maryland corporation (the “Company” or the “Employer”), and Andrew M. Sims (the “Executive”) and amends that certain Employment Agreement dated January 1, 2010, between the Company and the Executive (the “Employment Agreement”). The Company and Executive are sometimes collectively referred to herein as the “Parties”.

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