Amended and Restated Exhibit A to Partnership Agreement—List of Partners and Contributed Assets (Ashford OP)

Contract Categories: Business Finance › Contribution Agreements
Summary

This document lists the partners and assets contributed to Ashford OP as of September 26, 2003, following the exercise of an IPO overallotment option. It details the types and values of assets each partner contributed, including cash, shares, and property, and specifies each partner’s ownership percentage. The document also summarizes key asset management and consulting agreements between Ashford Financial Corporation and various hotel management companies, including the properties managed and the expiration dates of those agreements.

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EX-10.2 4 d10619exv10w2.txt AMENDED/RESTATED EXHIBIT A TO AGREEMENT EXHIBIT 10.2 AMENDED AND RESTATED EXHIBIT A LIST OF PARTNERS AND CONTRIBUTED ASSETS REVISED FOR EXERCISE OF IPO OVERALLOTMENT OPTION AS OF SEPTEMBER 26, 2003
AGREED VALUE COMMON COMMON OF CONTRIBUTED PARTNERSHIP PERCENTAGE INITIAL CONTRIBUTED ASSET CASH CONTRIBUTION ASSET UNITS INTEREST PARTNERS: GENERAL PARTNER: Ashford OP General Partner LLC None None N/A None None LIMITED PARTNERS: Ashford OP Limited Partner LLC Cash, Holtsville property, services Public shares 22,336,478 @ $9.00 $201,028,302 $201,028,302 22,336,478 Overallotment - Public shares 1,734,072 @ $9.00 15,606,648 15,606,648 1,734,072 Friends & family shares 163,522 @ $.8.37 1,368,679 1,368,679 163,522 Bennett shares 500,000 @ $8.37 4,185,000 4,185,000 500,000 Holtsville shares 216,634 @ $9.00 1,949,706 216,634 Underwriter shares 65,024 @ $9.00 585,216 65,024 Director shares 25,000 @ $9.00 225,000 25,000 Employee shares 650,300 @ $9.00 5,852,700 650,300 Overallotment - Employee shares 39,017 @ $9.00 351,153 39,017 ----------------------------------------------- $222,188,629 $231,152,404 25,730,047 81.9742% Remington Suites Austin, L.P. Embassy Suites Austin None $ 8,673,750 963,750 3.0704% 9505 Stonelake Blvd. Austin, TX Remington Suites Dallas, L.P. Embassy Suites Dallas None $ 5,956,875 661,875 2.1087% 14021 Noel Road Dallas, TX Remington Suites Dulles, L.P. Embassy Suites Dulles None $ 12,076,875 1,341,875 4.2751% 2339 Centreville Road Herndon, VA Remington Suites Las Vegas, L.P. Embassy Suites Las Vegas None $ 13,008,753 1,445,417 4.6050% 4315 Swenson Street Las Vegas, NV Chicago Illinois Hotel Limited Radisson Hotel Covington None $ 1,980,000 220,000 0.7010% Partnership 668 West Fifth Street Covington, KY Ashford Financial Corporation Asset Management and Consulting None $ 9,225,000 1,025,000 3.2656% Agreements*
* There are eight Asset Management and Consulting Agreements, each between Ashford Financial Corporation and a hotel management company. Under these eight agreements, Ashford Financial Corporation provides asset management and consulting services to 27 hotels managed under contract with the eight management companies. Each of the Asset Management and Consulting Agreements is described below:
EXPIRATION DATE OF MANAGER MANAGEMENT AGREEMENT(1) PROPERTY Remington Hospitality, Inc October 26, 2020 Alexandria Sheraton October 11, 2009 Annapolis Historic October 26, 2020 Beverly Hills Ramada June 3, 2011 Coral Gables Holiday Inn October 26, 2020 Ft. Worth Radisson May 31, 2011 Key West -- Crowne Plaza October 26, 2020 Woburn Radisson Remington Indianapolis Employers Corporation October 26, 2020 Indy Airport -- Radisson October 26, 2020 Indy Circle -- Radisson Remington Milford Hotel Employers Corporation April 26, 2008 Hyannis Ramada Remington Suites Hotel Corporation October 25, 2020 Houston Embassy
- -------- (1) These expiration dates represent the initial expiration dates without giving effect to any extensions.
EXPIRATION DATE OF MANAGER MANAGEMENT AGREEMENT(1) PROPERTY Remington Employers Corporation May 6, 2009 Commack Howard Johnson October 6, 2008 Dallas Best Western March 3, 2008 Falmouth Square Inn March 1, 2009 Gull Wings Suites October 26, 2020 Milford Radisson March 17, 2008 Rockland Radisson May 16, 2009 Saddlebrook Radisson September 1, 2009 St. Petersburg Hilton November 30, 2007 Warner Robins Ramada May 13, 2009 Westbury Howard Johnson May 2, 2009 Woburn Four Points Remington Employers Management Corporation May 31, 2010 West Palm Beach Embassy Suites July 13, 2008 Minnetonka Sheraton October 26, 2020 Nassau Bay Hilton Remington Orlando Management Corporation January 31, 2008 Sheraton Orlando Remington Ventura Employers Corporation December 31, 2008 Ventura Marriott