Lodging Fund REIT III, Inc. Loan Agreements

Loan Agreement by and among LF3 RIFC, LLC, LF3 RIFC TRS, LLC, and Legendary A-1 Bonds, LLC related to the Residence Inn Fort Collins Property, dated as of August 3, 2022 (Filed With SEC on August 11, 2022)

Guaranty Agreement by the Operating Partnership in favor of Legendary A-1 Bonds related to the Residence Inn Fort Collins Loan, dated as of August 3, 2022 (Filed With SEC on August 11, 2022)

Change in Terms by and between the Operating Partnership and Western State Bank related to the revolving line of credit loan agreement, dated as of May 5, 2022 (Filed With SEC on May 16, 2022)

Loan Agreement by and between LF3 Northbrook, LLC, LF3 Northbrook TRS, LLC and Access Point Financial, LLC, dated as of November 24, 2021 (effective as of December 3, 2021) (Filed With SEC on March 31, 2022)

Guaranty Agreement by the Operating Partnership in favor of Access Point Financial, LLC related to the Sheraton Northbrook Loan, dated as of December 3, 2021 (Filed With SEC on March 31, 2022)

Guaranty Agreement by the Operating Partnership in favor of Legendary A-1 Bonds, LLC related to the Hampton Fargo Loan, dated as of January 18, 2022 (Filed With SEC on March 31, 2022)

Business Loan Agreement between LF3 Houston, LLC and LF3 Houston TRS, LLC and Choice Financial Group relating to the Houston Hilton Garden Inn Property, dated as of September 2,... (Filed With SEC on November 12, 2021)

Loan Agreement between LF3 Houston, LLC, LF3 Houston TRS, LLC, and Legendary A-1 Bonds, LLC relating to the Houston Hilton Garden Inn Property, dated as of August 3, 2021 (Filed With SEC on August 13, 2021)

Loan Agreement between LF3 El Paso, LLC, LF3 El Paso TRS, LLC, and EPH Development Fund LLC, relating to the El Paso Property, dated as of May 12, 2021 (Filed With SEC on May 17, 2021)

Loan Assumption Agreement by and among HD Sunland Park Property, L.L.C., LF3 El Paso, LLC, LF3 El Paso TRS, LLC, and EPH Development Fund LLC, relating to the El Paso Property,... (Filed With SEC on May 17, 2021)

Loan Agreement by and among LF3 Aurora, LLC, LF3 Aurora TRS, LLC and Access Point Financial, LLC, relating to the Aurora Property, dated as of February 4, 2021 (Filed With SEC on March 31, 2021)

Limited Consent and Waiver Agreement, dated February 16, 2021 between Wells Fargo Bank, National Association, LF3 Prattville, LLC, LF3 Prattville TRS, LLC, and Corey R. Maple... (Filed With SEC on March 31, 2021)

Limited Consent and Waiver Agreement, dated February 16, 2021 between Wells Fargo Bank, National Association, LF3 Southaven, LLC, LF3 Southaven TRS, LLC, and Corey R. Maple... (Filed With SEC on March 31, 2021)

Consent to PPP Loan Agreement, dated March 5, 2021 between Wells Fargo Bank, National Association, LF3 Lubbock Expo, LLC, Lodging Fund REIT III, Inc., and Lodging Fund REIT III... (Filed With SEC on March 31, 2021)

Side Letter Agreement, dated May 18, 2020 between Wells Fargo Bank, National Association, LF Pineville, LLC, LF3 Pineville TRS, LLC, and Norman H. Leslie regarding the Pineville... (Filed With SEC on March 31, 2021)

Amended and Restated Term Loan Note issued to Wells Fargo Bank, National Association, relating to the Southaven Property, dated as of August 14, 2020 (Filed With SEC on November 12, 2020)

First Amendment to Loan Agreement with Wells Fargo Bank, National Association, relating to the Southaven Property, dated as of August 14, 2020 (Filed With SEC on November 12, 2020)

Amended and Restated Term Loan Note issued to Wells Fargo Bank, National Association, relating to the Prattville Property, dated as of August 14, 2020 (Filed With SEC on November 12, 2020)

First Amendment to Loan Agreement with Wells Fargo Bank, National Association, relating to the Prattville Property, dated as of August 14, 2020 (Filed With SEC on November 12, 2020)

Business Loan Agreement for Revolving Line of Credit with Western State Bank, dated February 10, 2020 (Filed With SEC on May 14, 2020)

Change in Terms Agreement with Western State Bank, dated April 17, 2020, relating to the loan dated March 5, 2019 related to the Cedar Rapids Property (Filed With SEC on May 14, 2020)

Change in Terms Agreement with Western State Bank, dated April 17, 2020, relating to the loan dated June 19, 2019 related to the Eagan Property (Filed With SEC on May 14, 2020)

Forbearance Agreement with Wells Fargo Bank, National Association, dated as of April 22, 2020 and effective as of May 1, 2020, relating to the loan dated July 11, 2019 related to... (Filed With SEC on May 14, 2020)

Forbearance Agreement with Wells Fargo Bank, National Association, dated as of April 22, 2020 and effective as of May 1, 2020, relating to the loan dated February 21, 2020 related... (Filed With SEC on May 14, 2020)

Consent, Amendment and Assumption Agreement relating to the Lubbock Fairfield Inn loan, dated as of January 8, 2020 (Filed With SEC on March 25, 2020)

Assumption Agreement relating to the Lubbock Home2 Suites loan, dated as of December 30, 2019 (Filed With SEC on March 25, 2020)

Loan Agreement relating to the Lubbock Home2 Suites, dated as of October 4, 2016 (Filed With SEC on March 25, 2020)