FIRST AMENDMENT TO AGREEMENT OF LIMITED PARTNERSHIP OF CHESAPEAKE LODGING, L.P. DESIGNATION OF 7.75% SERIES A CUMULATIVE REDEEMABLE PREFERRED UNITS July 13, 2012Agreement of Limited Partnership • July 13th, 2012 • Chesapeake Lodging Trust • Real estate investment trusts
Pursuant to Section 4.2 and Section 14.1.B of the Agreement of Limited Partnership of Chesapeake Lodging, L.P. (the “Partnership Agreement”), the General Partner hereby amends the Partnership Agreement as follows in connection with the issuance of up to 5,060,000 of its 7.75% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (the “Series A Preferred Shares”) of the General Partner and the issuance to the General Partner of Series A Preferred Units (as defined below) in exchange for the contribution by the General Partner of the net proceeds from the issuance and sale of the Series A Preferred Shares:
