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LOAN AGREEMENT
  AGREEMENT:
  Definitions.
 ADA
 Affiliate
 Amended and Restated Note
 Anti-Money Laundering Laws
 Applicable Regulations
 Architects Agreement
 Borrowers Architect
 Borrower Parties
 BSA
 
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Budget
 Business Day
 Change of Control
  Closing
 Code et seq
 Completion Date
 Contract Documents
 Debt Service Coverage Ratio
 Default Rate
 Development Documents
 Disbursement Agreement
 Disbursements
 Entity
 
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Environmental Indemnity Agreement
 Event of Default
 Fee
 Final Disbursement
 Final Disbursement Date
 Franchise Agreement
 Franchisor
 GAAP
 General Contract
 General Contractor
 Governmental Authority
 Improvements
 Indemnified Parties
 Indemnity Agreements
 Initial Equity Contribution
 
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Initial Loan Amount
 Land
 Lender Entities
 Loan
 Loan Amount
 Loan Documents
 Loan Pool
 Management Agreement
 Manager
 Material Adverse Effect
 Mortgage
 Note
 Obligations
 OFAC Laws and Regulations
 
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Other Agreements
 Participation
 Permitted Concept
 Permitted Exceptions
 Person
 Personal Property
 Premises
 Restoration
 Schedule of Values
 Securitization
 Site and Utility Plans
 Title Company
 
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Transfer
 UCC-1 Financing Statements
 UCC
 U.S. Publicly-Traded Entity
 Transaction.
 Escrow Agent; Closing Costs.
 
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Closing Conditions.
 Title Insurance Commitments.
 Survey.
 Environmental.
 Compliance With Representations, Warranties and Covenants.
 Proof of Insurance.
 Legal Opinions.
 Fee and Closing Costs.
 
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Franchise Agreement.
 Development Documents; Borrowers Architect Certification
  Management Agreement
 Closing Documents.
  Representations and Warranties of Borrower.
 Financial Information.
 
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Organization and Authority.
 Enforceability of Documents.
 Litigation.
 Absence of Breaches or Defaults.
 
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Utilities.
 Zoning; Compliance With Laws.
 Area Development; Wetlands.
 Licenses and Permits; Access.
 Environmental.
 Title to Premises; First Priority Lien.
 No Mechanics Liens.
 Franchisor Provisions.
 
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Money Laundering
   Management Agreement
 Covenants.
 Payment of the Note.
 
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Title.
 Organization and Status of Borrower; Preservation of Existence.
 Licenses and Permits.
 Compliance With Laws Generally.
 Compliance With Environmental Provisions.
 Financial Statements.
 
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Lost Note.
 Inspections.
 Debt Service Coverage Ratio
  Depreciation and Amortization
 Interest Expense
 Affiliate Transactions.
 
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Compliance Certificates
 Franchise Agreement.
 Use of Disbursements
 Contract Documents
 OFAC Laws and Regulations
 Management Agreement.
 Prohibition on Change of Control and Pledge.
 
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Transaction Characterization.
  Default and Remedies.
    
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Indemnity; Release.
 
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Miscellaneous Provisions.
 Notices.
 Real Estate Commission.
 Waiver and Amendment; Document Review.
 
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Captions.
 Lenders Liability.
 Severability.
 Construction Generally.
 Further Assurances.
 Attorneys Fees.
 
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Entire Agreement.
 Forum Selection; Jurisdiction; Venue; Choice of Law.
 Counterparts.
 Assignments by Lender; Binding Effect.
 Survival.
 
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Waiver of Jury Trial and Punitive, Consequential, Special and Indirect Damages. BORROWER
AND LENDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT EITHER MAY HAVE TO A
TRIAL BY JURY WITH RESPECT TO ANY AND ALL ISSUES PRESENTED IN ANY ACTION, PROCEEDING, CLAIM OR
COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER OR ITS SUCCESSORS WITH
RESPECT TO ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ANY OF THE OTHER LOAN
DOCUMENTS OR ANY DOCUMENT CONTEMPLATED HEREIN OR RELATED HERETO. THIS WAIVER BY THE PARTIES HERETO
OF ANY RIGHT EITHER MAY HAVE TO A TRIAL BY JURY HAS BEEN NEGOTIATED AND IS AN ESSENTIAL ASPECT OF
THEIR BARGAIN. FURTHERMORE, BORROWER AND LENDER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY
WAIVE THE RIGHT EITHER MAY HAVE TO SEEK PUNITIVE, CONSEQUENTIAL, SPECIAL AND INDIRECT DAMAGES FROM
THE OTHER AND ANY OF THE OTHERS AFFILIATES, OFFICERS, DIRECTORS OR EMPLOYEES OR ANY OF THEIR
SUCCESSORS WITH RESPECT TO ANY AND ALL ISSUES PRESENTED IN ANY ACTION, PROCEEDING, CLAIM OR
COUNTERCLAIM BROUGHT BY EITHER PARTY AGAINST THE OTHER OR ANY OF THE OTHERS AFFILIATES, OFFICERS,
DIRECTORS OR EMPLOYEES OR ANY OF THEIR SUCCESSORS WITH RESPECT TO ANY MATTER ARISING OUT OF OR IN
CONNECTION WITH THIS AGREEMENT, ANY OF THE OTHER LOAN DOCUMENTS OR ANY DOCUMENT CONTEMPLATED HEREIN
OR RELATED HERETO. THE WAIVER BY BORROWER AND LENDER OF ANY RIGHT THEY MAY HAVE TO SEEK PUNITIVE,
CONSEQUENTIAL, SPECIAL AND INDIRECT DAMAGES HAS BEEN NEGOTIATED BY THE PARTIES HERETO AND IS AN
ESSENTIAL ASPECT OF THEIR BARGAIN.
 Transfers, Participations and Securitizations.
    
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Estoppel Certificate.
 Borrower Information provided, however
 
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LENDER:GENERAL ELECTRIC CAPITAL CORPORATION,a Delaware corporationBy
    
    /s/ Kelly A. HallfordPrinted Name:
    
    Kelly A. HallfordIts:
    
    Authorized SignatoryBORROWER:SUMMIT HOTEL PROPERTIES, LLC,a South Dakota limited liability companyBy:
    
    /s/ Kerry W. BoekelheidePrinted Name:
    
    Kerry W. BoekelheideIts:
    
    Chief Executive Officer
 
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STATE OF ARIZONA
    
    )) SS.COUNTY OF MARICOPA
    
    )
 April 27 Kelly A.
Hallford Authorized Signatory
 /s/ Debbie L. Mitchell
  11/4/2007
 STATE OF SOUTH DAKOTA
    
    )) SS.COUNTY OF MINNEHAHA
    
    )
 April 25 Kerry W.
Boekelheide CEO
 /s/ Jennifer L. Larsen
  8/20/10
 
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EXHIBIT A
 DESCRIPTION OF PREMISES
  
 25