--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Moody National Reit I, Inc. 8-K [moody-8k_0607.htm]
 
 
EXHIBIT 10.2
 
[ex-1_101.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
[ex-1_102.jpg]
 
 
2

--------------------------------------------------------------------------------

 
 
[ex-1_103.jpg]
 
 
3

--------------------------------------------------------------------------------

 
 
[ex-1_104.jpg]
 
 
4

--------------------------------------------------------------------------------

 
 
[ex-1_105.jpg]
 
 
5

--------------------------------------------------------------------------------

 
 
[ex-1_106.jpg]
 
 
6

--------------------------------------------------------------------------------

 
 
[ex-1_107.jpg]
 
 
7

--------------------------------------------------------------------------------

 
 
[ex-1_108.jpg]
 
 
8

--------------------------------------------------------------------------------

 
 
[ex-1_109.jpg]
 
 
9

--------------------------------------------------------------------------------

 
 
[ex-1_110.jpg]
 
 
10

--------------------------------------------------------------------------------

 
 
[ex-1_111.jpg]
 
 
11

--------------------------------------------------------------------------------

 
 
[ex-1_112.jpg]
 
 
12

--------------------------------------------------------------------------------

 
 
[ex-1_113.jpg]
 
 
13

--------------------------------------------------------------------------------

 
 
[ex-1_114.jpg]
 
 
14

--------------------------------------------------------------------------------

 
 
[ex-1_115.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
[ex-1_116.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
 
[ex-1_117.jpg]
 
 
2 of 3

--------------------------------------------------------------------------------

 
 
[ex-1_118.jpg]
 
 
3 of 3

--------------------------------------------------------------------------------

 
 
[ex-1_119.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
[ex-1_120.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
[ex-1_121.jpg]
 
 
 

--------------------------------------------------------------------------------

 
 
[ex-1_122.jpg]