ASHFORD HOSPITALITY TRUST, INC. AMENDED AND RESTATED 2003 STOCK INCENTIVE PLAN LTIP UNIT AWARD AGREEMENT2003 Stock Incentive Plan Ltip Unit Award Agreement • March 27th, 2008 • Ashford Hospitality Trust Inc • Real estate investment trusts
common units of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares of common stock in the Company (“Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his or her own interest or has engaged representatives or advisors to assist him or her in protecting his or her its interests, and (III) is capable of bearing the economic risk of such investment.
