0001232582-23-000032 Sample Contracts

Deferred Cash Award Agreement
Deferred Cash Award Agreement • March 10th, 2023 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

This Deferred Cash Award Agreement (this “Award Agreement”) is made and entered into as of [____, 2023] (the “Grant Date”) by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), and [__] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein. Capitalized terms not defined herein shall have the meanings assigned to them in the Company’s 2021 Stock Incentive Plan, as the same may be amended from time to time (the “Plan”).

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Performance LTIP Unit Award Agreement
Performance Ltip Unit Award Agreement • March 10th, 2023 • Ashford Hospitality Trust Inc • Real estate investment trusts • Delaware

This Performance LTIP Unit Award Agreement (this “Award Agreement”) is made and entered into as of [ ], 2023 by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”), Ashford Hospitality Limited Partnership, a Delaware limited partnership (the “Partnership”) and [_______________] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein, or, if not so defined, as assigned to them in the Company’s 2021 Stock Incentive Plan, as the same may be amended from time to time (the “Plan”), or the Third Amended and Restated Agreement of Limited Partnership of the Partnership, as the same may be amended from time to time (the “Operating Agreement”), as applicable.

Performance Stock Unit Award Agreement
Performance Stock Unit Award Agreement • March 10th, 2023 • Ashford Hospitality Trust Inc • Real estate investment trusts • Maryland

This Performance Stock Unit (“PSU”) Award Agreement (the “Award Agreement”) is made and entered into as of [ ], 2023 by and between Ashford Hospitality Trust, Inc., a Maryland corporation (the “Company”) and [NAME] (the “Participant”). All capitalized terms in this Award Agreement shall have the meanings assigned to them herein or, if not so defined, as assigned to them in the Company’s 2021 Stock Incentive Plan, as the same may be amended from time to time (the “Plan”).

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