0001604738-21-000060 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2021 • Ashford Inc. • Services-management consulting services • Texas

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made on July 1, 2021 (the “Effective Date”) among ASHFORD INC., a corporation organized under the laws of the State of Nevada and having its principal place of business at Dallas, Texas, ASHFORD HOSPITALITY ADVISORS, LLC, a Delaware limited liability company organized under the laws of the State of Delaware and having its principal place of business at Dallas, Texas (hereinafter, the “Company”) and ALEX ROSE, an individual residing in Dallas, Texas (the “Executive”).

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CONSULTING AND COOPERATION AGREEMENT
Consulting and Cooperation Agreement • August 16th, 2021 • Ashford Inc. • Services-management consulting services • Texas

CONSULTING AND COOPERATION AGREEMENT, dated June 30, 2021 (the “Agreement”) by and among Ashford Inc. (“AINC”), Ashford Hospitality Advisors, LLC (together with AINC, the “Company”) and Robert G. Haiman (“Consultant”).

AMENDMENT NO. 2 TO THE FIFTH AMENDED AND RESTATED ADVISORY AGREEMENT
Advisory Agreement • August 16th, 2021 • Ashford Inc. • Services-management consulting services • Texas

This Amendment No. 2 to the Fifth Amended and Restated Advisory Agreement (this “Amendment”), is dated and effective as of August 16, 2021, by and among BRAEMAR HOTELS & RESORTS INC., a Maryland corporation (“Braemar” or the “Company”), BRAEMAR HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Operating Partnership”), BRAEMAR TRS CORPORATION, a Delaware corporation (“Braemar TRS”), ASHFORD INC., a Nevada corporation (“Ashford Inc.”), and ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (“Ashford LLC” and, together with Ashford Inc., the “Advisor”). All capitalized terms appearing herein that are not otherwise defined shall have the meanings ascribed to them in the Fifth Amended and Restated Advisory Agreement, dated April 23, 2018, by and among the parties hereto (as amended from time to time (including pursuant to this Amendment), the “Advisory Agreement”).

AMENDMENT NO. 1 TO THE BRAEMAR MASTER PROJECT MANAGEMENT AGREEMENT
Management Agreement • August 16th, 2021 • Ashford Inc. • Services-management consulting services • Texas

This Amendment No. 1 to the Braemar Master Project Management Agreement (this “Amendment”), is dated and effective as of May 28, 2021, by and among BRAEMAR HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Partnership”), BRAEMAR TRS CORPORATION, a Delaware corporation (“TRS”), CHH III TENANT PARENT CORP., a Delaware corporation (“CHH”), RC HOTELS (VIRGIN ISLANDS), INC., a US Virgin Islands corporation (together with TRS, CHH and any taxable REIT subsidiaries of the Partnership hereafter existing, “Lessee”), and PREMIER PROJECT MANAGEMENT LLC (f/k/a PROJECT MANAGEMENT LLC), a Maryland limited liability company (the “Manager”). All capitalized terms appearing herein that are not otherwise shall have the meanings ascribed to them in the Braemar Master Project Management Agreement, dated August 8, 2018, by and among the parties hereto (the “Master Agreement”).

AMENDMENT NO. 1 TO THE MASTER PROJECT MANAGEMENT AGREEMENT
Master Project Management Agreement • August 16th, 2021 • Ashford Inc. • Services-management consulting services • Texas

This Amendment No. 1 to the Master Project Management Agreement (this “Amendment”), is dated and effective as of May 28, 2021, by and among ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (the “Partnership”), ASHFORD TRS CORPORATION, a Delaware corporation (“TRS”), RI MANCHESTER TENANT CORPORATION, a Delaware corporation (“RI Manchester”), ASHFORD TRS VII CORPORATION, a Delaware corporation (“TRS VII”), CY MANCHESTER TENANT CORPORATION, a Delaware corporation (“CY Manchester” and together with TRS, RI Manchester, TRS VII and any taxable REIT subsidiaries of the Partnership hereafter existing, “Lessee”), and PREMIER PROJECT MANAGEMENT (f/k/a PROJECT MANAGEMENT LLC), a Maryland limited liability company (the “Manager”). All capitalized terms appearing herein that are not otherwise defined shall have the meanings ascribed to them in the Master Project Management Agreement, dated August 8, 2018, by and among the parties hereto (the “Master Agreement”).

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