0001430259-14-000008 Sample Contracts

FIRST AMENDMENT TO ADVISORY AGREEMENT
Advisory Agreement • March 18th, 2014 • Carey Watermark Investors Inc • Real estate • New York

THIS FIRST AMENDMENT TO THE ADVISORY AGREEMENT (this “Amendment”) dated as of January 24, 2014 is among CAREY WATERMARK INVESTORS INCORPORATED, a Maryland corporation ("CWI"), CWI OP, LP, a Delaware limited partnership of which CWI is a general partner (the "Operating Partnership"), and CAREY LODGING ADVISORS, LLC, a Delaware limited liability company (the "Advisor").

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