2,250,000 Shares1 RED LION HOTELS CORPORATION Common Stock, par value $0.01 per share PURCHASE AGREEMENTPurchase Agreement • December 15th, 2016 • Red Lion Hotels CORP • Hotels & motels • New York
Red Lion Hotels Corporation, a Washington corporation (the “Company”), proposes to sell to the several underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 2,250,000 shares (the “Firm Shares”) of Common Stock, par value $0.01 per share (the “Common Stock”), of the Company. The Firm Shares consist of authorized but unissued shares of Common Stock to be issued and sold by the Company. Subject to Section 3(b) hereof, the Company also has granted to the Underwriters an option to purchase up to 249,999 additional shares of Common Stock on the terms and for the purposes set forth in Section 3 hereof (the “Option Shares”). The Firm Shares and any Option Shares purchased pursuant to this purchase agreement (this “Agreement”) are herein collectively called the “Securities.”
