January 16, 1997 Studio Plus Hotels, Inc. ATTN: Norwood Cowgill, Jr. 1999 Richmond Road, Suite Four Lexington, KY 40502 Re: Vote Agreement -------------- Gentlemen: Studio Plus Hotels, Inc., a Virginia corporation (the "Company"), Extended Stay...Vote Agreement • February 7th, 1997 • Johnson George D Jr • Hotels & motels
Studio Plus Hotels, Inc., a Virginia corporation (the "Company"), Extended Stay America, Inc., a Delaware corporation (the "Purchaser") and ESA Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Purchaser, intend to enter an Agreement and Plan of Merger as of January 16, 1997 (the "Agreement"). In order to induce the Company to enter into the Agreement, the undersigned hereby agrees to vote the shares (the "Shares") of common stock of Purchaser owned by the undersigned in favor of the Merger and the transactions contemplated thereby at any meeting (whether special or annual, and whether or not adjourned) or by written action of stockholders of Purchaser. Further, the undersigned hereby agrees to recommend the Merger to Purchaser stockholders, subject to the exercise of applicable fiduciary duties as determined by the undersigned in good faith after consultation with, and based upon the advice of, outside counsel.
