CONTRIBUTION AGREEMENT by and between CS Real Estate Holding LLCContribution Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts • New York
MANAGEMENT AGREEMENTManagement Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
THIS AGREEMENT, is made on December 22, 2022, to be effective as of the Effective Date, as that term is defined below, by and between LF3 Wichita Airport TRS, LLC, a Delaware limited liability company, (“Owner”), having a registered office at 1635- 43rd St. South, Suite 205, Fargo, ND 58103, and KAJ Hospitality Inc., (the “Operator”) or its assignee, having its principal offices at 7405 S. Bitterroot Place, Suite 107, Sioux Falls, South Dakota 57108.
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text len_g_th limitations.Lodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts
SECOND AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENTCredit Loan Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
THIS SECOND AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENT (as such agreement may be amended, restated, replaced, supplemented or otherwise modified from time to time, this “Amendment”), dated as of January _12, 2023 (the “Amendment Effective Date”), is between LEGENDARY A-1 BONDS LLC, a Delaware limited liability company, having an address at 1635 43rd Street, Suite 205, Fargo, North Dakota 58103 (“Lender”), and LODGING FUND REIT III OP, LP, a Delaware limited partnership, having an address at 1635 43rd Street, Suite 205, Fargo, North Dakota 58103 (“Borrower”).
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
Ex 10.271Lodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts • Delaware
THIS COMMERCIAL PLEDGE AGREEMENT dated March 3, 2023, is made and executed between Lodging Fund REIT III OP, LP a Delaware limited partnership (“Grantor”) and NHS, LLC DBA National Hospitality Services, a North Dakota limited liability company (“Lender”).
Ex 10.277Loan Modification Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
THIS FIRST LOAN MODIFICATION AGREEMENT (this "Agreement") is entered into as of May _1_5, 2023 (the “Effective Date”), by and between EPH Development Fund LLC, a Delaware limited liability company (together with its successors and/or assigns, “Lender”) and LF3 El Paso, LLC, a Delaware limited liability company (“SPE Owner”) and LF3 El Paso TRS, LLC, a Delaware limited liability company (“TRS Lessee”; collectively with SPE Owner, “Borrower”), Lodging Fund REIT III OP, LLC, a Delaware limited partnership ("Guarantor"), and Corey R. Maple, an individual ("Guarantor (Individual)").
ALLONGE TO PROMISSORY NOTELodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts
This Allonge is to be attached to the Promissory Note dated March 3, 2023, (the “Note”), the original (or duplicate thereof) is attached hereto, made by Lodging Fund REIT III OP, LP, a Delaware limited partnership (“Maker”), and payable to NHS, LLC DBA National Hospitality Services, a North Dakota limited liability company (“Payee”) in the original principal amount of Six Hundred Thousand Dollars ($600,000.00). The Note was previously modified by agreement between the Maker and the Payee and this Allonge is executed for the purposes of memorializing the prior agreement. The Note will mature on January 31, 2024. Further, in lieu of monthly interest payments as provided in the Note, the balance of the Principal Sum plus accrued interest shall be due and payable on the Maturity Date as amended in this Allonge.
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
Principal Loan DateMaturity Loan No Call/ Coll Account Officer Initials $5,000,000.00 02-10-2020 06-15-2023 4012114 8100 195370 488 References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item.An item above containin ..,...,.,, has been omitted due to text len th limitations.
TO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF LODGING FUND REIT III OP, LPLimited Partnership Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
This Twelfth Amendment (this “Amendment”) to the Amended and Restated Limited Partnership Agreement (the “Partnership Agreement”) of Lodging Fund REIT III OP, LP, a Delaware limited partnership (the “Partnership”) dated January 10, 2023 is adopted by Lodging Fund REIT III, Inc., a Maryland corporation (the “General Partner”), as the General Partner and on behalf of the Limited Partners to be effective as of January 6, 2023 (“Effective Date”). Capitalized terms used in this Amendment and not defined herein shall have the meanings ascribed to such terms in the Partnership Agreement.
SECOND AMENDMENT TO CONTRIBUTION AGREEMENTContribution Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
WHEREAS, Contributor and Operating Partnership entered into that certain Contribution Agreement dated August 5, 2022) as amended on November 18th, 2022 by the First Amendment (the “Agreement”) for the contribution of an 84-room hotel business known as the Holiday Inn Express & Suites Wichita Airport located at 1236 S. Dugan Road, Wichita, Kansas 67202 (the “Property”);
FIRST AMENDMENT TO AMENDED AND RESTATED CONTRIBUTION AGREEMENTContribution Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
AGREEMENT (this “Amendment”) is made as of the May 15, 2023 (the “Amendment Date”), by and among Lodging Fund REIT III OP, LP, a Delaware limited partnership (the “Operating Partnership”), and HD Sunland Park Property LLC, a Delaware limited liability company (the “Contributor” and together with the Operating Partnership, the “Parties”).
Ex 10.274Loan Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
THIS LOAN AGREEMENT (this “Loan Agreement”) is made and entered into as of April 18, 2023 by and between LF3 RIFC, LLC, a Delaware limited liability company (“Propco Borrower”), LF3 RIFC TRS, LLC, a Delaware limited liability company (“Opco Borrower”, and together with Propco Borrower, jointly and severally, and individually or collectively as may be required, the “Borrower”) and ACCESS POINT FINANCIAL, LLC, a Delaware limited liability company (“Lender”).
FIRST AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENTCredit Loan Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
THIS FIRST AMENDMENT TO REVOLVING LINE OF CREDIT LOAN AGREEMENT (as such agreement may be amended, restated, replaced, supplemented or otherwise modified from time to time, this “Amendment”), dated as of December ___, 2022 (the “Amendment Effective Date”), is between LEGENDARY A-1 BONDS LLC, a Delaware limited liability company, having an address at 1635 43rd Street, Suite 205, Fargo, North Dakota 58103 (“Lender”), and LODGING FUND REIT III OP, LP, a Delaware limited partnership, having an address at 1635 43rd Street, Suite 205, Fargo, North Dakota 58103 (“Borrower”).
15)BUSINESS LOAN AGREEMENTBusiness Loan Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts • North Dakota
TO THE AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF LODGING FUND REIT III OP, LPLodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts
This Eleventh Amendment (this "Amendment") to the Amended and Restated Limited Partnership Agreement (the "Partnership Agreement") of Lodging Fund REIT III OP, LP (the "Partnership") dated June 15, 2020, as amended by First Amendment to the Amended and Restated Limited Partnership Agreement dated February 4, 2020, as amended by Second Amendment to the Amended and Restated Limited Partnership Agreement dated May 12, 2021, as amended by Third Amendment to the Amended and Restated Limited Partnership Agreement dated August 3, 2021, as amended by Fourth Amendment to the Amended and Restated Limited Partnership Agreement dated December 3, 2021, as amended by the Fifth Amendment to the Amended and Restated Limited Partnership Agreement dated January 18, 2022, as amended by the Sixth Amendment to the Amended and Restated Limited Partnership Agreement dated February 8, 2022, as amended by the Seventh Amendment to the Amended and Restated Limited Partnership Agreement dated March 29, 2022, as a
CHANGE IN TERMS AGREEMENT sAGREEMAGREEMENTLodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts
DESCRIPTION OF CHANGE IN TERMS. 1. CHANGE OF MATURITY DATE. Extend the maturity date of the above listed Promissory Note from November 15, 2023 to April 30, 2024, at which time all outstanding principal plus all accrued unpaid interest will be due.
GUARANTY OF PAYMENT, CARRY AND COMPLETIONLodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts • Georgia
same may be amended, supplemented or otherwise modified from time to time, “Guaranty”) is made as of April 18, 2023 COREY MAPLE, a resident of North Dakota, and NORMAN LESLIE, a resident of North Dakota (collectively, the “Guarantors,” and each, individually, a “Guarantor”) (collectively, the “Guarantors,” and each, individually, a “Guarantor”), for the benefit of ACCESS POINT FINANCIAL, LLC, a Delaware limited liability company (“Lender”).
Ex 10.275Lodging Fund REIT III, Inc. • March 27th, 2024 • Real estate investment trusts • Georgia
FOR VALUE RECEIVED, the undersigned LF3 RIFC, LLC, a Delaware limited liability company (“Propco Borrower”), LF3 RIFC TRS, LLC, a Delaware limited liability company (“Opco Borrower”, and together with Propco Borrower, jointly and severally, and individually or collectively as may be required, the “Maker”), promises to pay to the order of ACCESS POINT FINANCIAL, LLC, a Delaware limited liability company, its successors or assigns (“Lender”), the principal sum of up to Eleven Million Two Hundred Thousand and 0/100 Dollars ($11,200,000.00) or so much thereof as may be advanced (each advance shall be referred to as an “Advance” and all such advances shall collectively be referred to as the “Advances”) and outstanding from time to time as the “Loan,” as defined in and advanced under the terms of that certain Loan Agreement between Maker and Lender dated as of even date herewith (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”; capitalized ter
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • March 27th, 2024 • Lodging Fund REIT III, Inc. • Real estate investment trusts
DESCRIPTION OF CHANGE IN TERMS. 1. CHANGE OF MATURITY DATE. Extend the maturity date of the above listed Promissory Note from September 15, 2023 to November 15, 2023, at which time all outstanding principal plus all accrued unpaid interest will be due.
