AMENDMENT TO MASTER AGREEMENTMaster Agreement • December 16th, 2019 • Sotherly Hotels Lp • Hotels & motels • Virginia
THIS AMENDMENT TO MASTER AGREEMENT (“Amendment”) is made this 13th day of December, 2019 (the “Effective Date”) by and among SOTHERLY HOTELS LP, a Delaware limited partnership (“Owner”); SOTHERLY HOTELS INC., a Maryland corporation and general partner of the Owner (the “REIT”) (the Owner and REIT are hereinafter referred to as the “Company”); MHI HOSPITALITY TRS, LLC, a Delaware limited liability company (“Lessee”), NEWPORT HOSPITALITY GROUP, INC., a Virginia corporation (“Manager Parent”) and OUR TOWN HOSPITALITY, LLC, a Virginia limited liability company (“Our Town” or the “Manager” and collectively with the Company, Lessee and the Manager Parent, the “Parties”). Capitalized terms used herein without definition shall have the same meaning as set forth in the Agreement (as defined below).
CREDIT AGREEMENT OUR TOWN HOSPITALITY, LLCCredit Agreement • December 16th, 2019 • Sotherly Hotels Lp • Hotels & motels • Virginia
This Credit Agreement (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), dated as of January 1, 2020, is by and between OUR TOWN HOSPITALITY, LLC, a Virginia limited liability company (the “Borrower”), and MHI HOSPITALITY TRS, LLC, a Delaware limited liability company (the “Lender”).
OFFICE SUBLEASEOffice Sublease • December 16th, 2019 • Sotherly Hotels Lp • Hotels & motels • Virginia
THIS SUBLEASE (the “Sublease” or “Agreement”) dated the 13th day of December, 2019 is by and between Sotherly Hotels Inc., a Maryland corporation (“Sublessor” or “Sotherly”) and Our Town Hospitality, LLC, a Virginia limited liability company (“Sublessee,” together, the “Parties”). “Lease” refers to the Office Lease by and between THE COLONIAL WILLIAMSBURG FOUNDATION (“Landlord”), a Virginia non-stock corporation, and Sotherly Hotels Inc. dated June 3, 2019 and attached hereto as Exhibit 4 (the “Master Lease”).
