Document:

EX-10.6

 Exhibit 10.6 

Executive Version 
 EXECUTIVE
EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement (this “Agreement”), dated as of July 1, 2014, is
entered into by and among IA Lodging Group, Inc. (“Inland Lodging”), IA Lodging Management, LLC (“Inland Management” and together with Inland Lodging, the “Company”) and Philip A. Wade
(“Executive”). 
 RECITALS: 

WHEREAS, Inland Management desires to employ Executive in the position of Senior Vice President and Chief Investment Officer; and

 WHEREAS, this Agreement sets forth the terms and conditions of the employment relationship between the Company and
Executive. 
 NOW, THEREFORE, in consideration of the covenants herein contained and the employment of Executive and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 
 1.
Start Date; Position. The Company will employ Executive as Senior Vice President and Chief Investment Officer, beginning on or about February 1, 2014 (the actual first day of active employment being, the “Start
Date”). The principal location of Executive’s employment shall be at the Company’s office located in Orlando, Florida, although Executive understands and agrees that he will be required to travel from time to time for business
reasons. Executive agrees to devote his full working time and attention to the Company and to act at all times in the best interests of the Company. Executive will have such duties, responsibilities and authority as are consistent with his position.
Executive shall report to the Chief Executive Officer of Inland Lodging. Executive agrees to perform his duties and responsibilities to the Company faithfully, competently, diligently and to the best of his ability, and subject to, and in accordance
with, all of the policies, rules and regulations from time to time applicable to employees of the Company or Inland American Real Estate Trust, Inc. (“Inland REIT”). Executive further agrees to execute any additional documents as
the Company or Inland REIT may from time to time request him and other similarly situated executives to sign regarding such policies, rules and regulations of the Company or Inland REIT, provided that any such additional documents shall not be
inconsistent with the terms of this Agreement. 
 2. Compensation and Benefits. 

(a) Base Salary. During the “Term” (as defined in Section 3 below), the Company will pay to Executive a base
salary at a rate of $275,000 per annum, which may be reviewed and increased (but not decreased) from time to time in the normal course of business (such annual salary, as in effect from time to time, to be referred to herein as “Base
Salary”). Executive’s Base Salary will be payable in accordance with the Inland REIT’s normal payroll practices prior to a Triggering Event and the Company’s normal payroll practices following a Triggering Event. 

 (b) Annual Performance Bonus. For the period from January 1, 2014 through
December 31, 2014 and during each subsequent twelve (12)-month period while Executive remains employed with the Company (each, a “Performance Period”), Executive will be eligible to receive an annual performance bonus award
payable in cash in an amount determined by the Board, or a committee thereof, based upon the achievement of performance criteria mutually agreed upon by the Board and Executive with respect to such twelve (12)-month period (the “Annual
Bonus”). The bonus program to be established by the Board will include threshold, target and maximum levels. Executive will be eligible to receive an annual target bonus no less than seventy-five percent (75%) of his Base Salary
(“Target Bonus”) with threshold and maximum bonus levels to be determined on an annual basis, with the actual bonus that becomes payable to be based on the actual achievement of the applicable performance criteria as determined by
the Board or a committee thereof. In the event of the occurrence of a Triggering Event during a Performance Period, Executive will be eligible to receive an Annual Bonus equal to the target Annual Bonus for the year in which the Triggering Event
occurs, pro-rated for the portion of the Performance Period that elapsed prior to the occurrence of the Triggering Event. Any Annual Bonus shall be paid to Executive in a lump sum as soon as reasonably practicable, but in no event later than
March 15, following the end of the applicable fiscal year. 
 (c) Equity Compensation – Long Term Incentives. 

(i) Annual Long-Term Incentive Award. Upon execution of this Agreement, Executive will be granted within thirty (30) days of the
date of this Agreement (the “Initial Share Unit Grant Date”) and subject to subsection (iii) below, an award of 34,500 units (“Share Units”) having an aggregate value equal to $345,000, and in each subsequent
calendar year after execution of this Agreement, and no later than March 15 of that year, Executive will be granted an award of a number of Share Units having an aggregate value equal to no less than 125% of Executive’s Base Salary in that
year (together, the “Annual Grant Share Units”, and the date of each such grant, together with the Initial Share Unit Grant Date, the “Annual Share Unit Grant Date”), with the number of Share Units subject to each
subsequent year grant determined by dividing such amount by the Fair Market Value of a Share Unit on the date of grant. The Annual Grant Share Units will vest and settle on the later to occur of (i) the date there first occurs a Triggering
Event and (ii) the third anniversary of the Initial Share Unit Grant Date or the Annual Share Unit Grant Date, as applicable, subject to Executive’s continued employment through the applicable settlement date, provided that, in no event
will the Annual Grant Share Units vest or be settled unless a Triggering Event occurs no later than the fifth (5th) anniversary of the Initial Share Unit Grant Date and, provided, further, that (a) in the event the Triggering Event to
occur is a Qualified Event, the Annual Grant Share Units will be settled in Shares (for that number of Shares having an aggregate value on the applicable settlement date equal to the Fair Market Value of the Annual Grant Share Units on the
applicable settlement date) and (b) in the event the Triggering Event to occur is a Change in Control, the Annual Grant Share Units will be settled in cash in an amount equal to the aggregate Fair Market Value of the Annual Grant Share Units
(determined as of the date of such Change in Control), provided, however, that if the acquiring entity is a publicly traded company and the Annual Grant Share Units are converted into share units or other form of equity award of such acquiring
entity at the time of the Change in Control, then the Annual Grant Share Units will be settled in shares of the acquiring entity, in either case on the applicable settlement date. Notwithstanding the foregoing,

  
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if Executive’s employment is terminated without Cause or Executive terminates his employment for Good Reason, following the occurrence of a Triggering Event or during the Pre-CIC Period (as
defined in Section 4), to the extent not already vested, the Annual Grant Share Units will vest in full and be settled on the date of such termination. 

Notwithstanding anything to the contrary in this Agreement, prior to a Triggering Event, if a portion of the real estate portfolio of Inland Lodging is listed
on a public exchange, merged into another company, or sold, the Board shall consider vesting Executive with and settlement of a portion of the Share Units described in this Section 2(c)(i) and any subsequent awards granted pursuant to the
applicable equity incentive plan of the Company on the date of the listing or consummation of merger or sale as applicable. 
 (ii)
Triggering Event Contingency Award. Upon execution of this Agreement by both parties, Executive will be granted within thirty (30) days of the date of this Agreement (the actual date of grant, the “Contingency Share Unit Grant
Date”), and subject to subsection (iii) below, 34,500 Share Units having an aggregate value equal to $345,000 (the “Contingency Share Units”). With regard to vesting (i) if the Triggering Event is a Qualified
Event, the Contingency Share Units will vest and settle in three equal installments on each of the first three anniversaries of the Triggering Event, subject to Executive’s continued employment through each such anniversary date and
(ii) if the Triggering Event is a Change in Control, 100% of the Contingency Share Units will vest and settle on the one-year anniversary of the Triggering Event, subject to Executive’s continued employment through such one-year
anniversary date of the Change in Control, provided that, in no event will the Contingency Share Units vest or be settled unless a Triggering Event occurs no later than the fifth (5th) anniversary of the Contingency Share Unit Grant Date and,
provided, further, that (a) in the event the Triggering Event is a Qualified Event, the Contingency Share Units will be settled in Shares (for that number of Shares having an aggregate value equal to the Fair Market Value of the Contingency
Share Units) on the applicable settlement date and (b) in the event the Triggering Event is a Change in Control, the Contingency Share Units will be settled in cash in an amount equal to the Fair Market Value of the Contingency Share Units
(determined as of the date of such Change in Control), provided, however, that if the acquiring entity is a publicly traded company and the Contingency Share Units are converted into share units or other form or equity award of such acquiring entity
at the time of the Change in Control, then the Contingency Share Units will be settled in shares of the acquiring entity, in either case on the applicable settlement date. Notwithstanding the foregoing, if Executive’s employment is terminated
without Cause or Executive terminates his employment for Good Reason, in either case, following the occurrence of a Triggering Event or during the Pre-CIC Period, to the extent not already vested, the Contingency Share Units will vest in full and be
settled on the date of such termination. 
 (iii) Notwithstanding anything to the contrary in this Agreement, the number of Share Units
granted to Executive as set forth in this Section 2(c) shall be subject to adjustments as determined necessary by the Board to prevent dilution or enlargement of value as a result of intercompany transfers of cash or assets between Inland
Lodging and one or more of its Affiliates for no consideration or other such similar transactions. 
 (iv) After a Qualified Event, each
grant of Share Units under subsections 2(c)(i) and (ii) above will provide for accrual of dividend equivalents until the settlement date of the Share Units. As of each dividend date with respect to shares of common

  
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stock of Inland Lodging (“Common Stock”), a dollar amount shall accrue to Executive equal to the amount of the dividend that would have been paid on the number of shares of
Common Stock that would have been held by the Executive as of the close of business on the record date for such dividend had such Share Units been converted on such date into the number of whole and fractional shares of Common Stock that could have
been purchased at the closing price on the dividend payment date for an amount equal to the Fair Market Value of such Share Units. In the case of any dividend declared on shares of Common Stock that is payable in shares of Common Stock, Executive
will be credited with an additional number of Share Units equal to the number having a Fair Market Value equal to the Fair Market Value of the shares of Common Stock (including any fraction thereof) that would have been distributable to Executive as
a dividend had his Share Units been converted into the number of whole and fractional shares of Common Stock that could have been purchased at the closing price on the dividend payment date for an amount equal to the Fair Market Value of such Share
Units. No dividend equivalents shall be paid out to Executive unless and until the Share Units to which the dividend equivalents relate have become vested and settled. 

(d) Employee Benefits. Executive is also eligible for the benefit plans and employment policies offered by Inland Management, or
by Inland REIT prior to a Triggering Event, to other senior level executives, under the same terms and conditions offered to senior level executives, subject to and on a basis consistent with the terms, conditions, and overall administration of such
benefit plans. During the Term, Executive will accrue vacation with pay at an annual accrual rate consistent with Inland Management’s or Inland REIT’s policy in effect from time to time. 

(e) Reservation of Rights. Notwithstanding the foregoing, Inland Management following a Triggering Event, or Inland REIT prior
to a Triggering Event, may change, amend, or discontinue any employee benefit plans and policies at any time in its sole discretion. 
 (f)
Business Expenses. The Company shall reimburse Executive for reasonable business expenses incurred by Executive on Company business, pursuant to Inland Management’s following a Triggering Event, or Inland REIT’s prior to a
Triggering Event, standard expense reimbursement policy as in effect from time to time. 
 3. Term; Termination of Employment.
The term of this Agreement (the “Term”) begins on the Start Date and will end, along with Executive’s employment with Inland Management, on the earliest to occur of the following events. 

(a) Notice by Executive. Executive can terminate his employment and the Term with Good Reason in accordance with the notice
requirement under the definition of Good Reason under Section 11(g) of this Agreement or without Good Reason by providing 60 days advance written notice to the Company of such intent, with the last day of Executive’s employment being the
end of such 60-day notice period. The Company can elect, in its sole discretion, to have Executive continue to provide services to the Company during some, all or none of such notice period and can elect, in its sole discretion, whether such
services will be performed on or off Company premises. 

  
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 (b) Notice by the Company without Cause. Inland Management can terminate
Executive’s employment and the Term without Cause by providing 60 days’ advance written notice to Executive of such intent, with the last day of Executive’s employment being the end of such 60-day notice period. At Inland
Management’s option, it may place Executive on a paid leave of absence for all or part of such notice period. 
 (c) Termination
For Cause. Inland Management can terminate Executive’s employment and the Term immediately upon notice to him if such termination of employment is for Cause. 

(d) Other Reasons. Executive’s employment and the Term will be terminated upon Executive’s death or Executive becoming
Disabled. 
 (e) Certain Payments. Upon Executive’s termination of employment for any reason, the Company will pay to
Executive (a) Executive’s earned but unpaid Base Salary through the effective date of the termination and (b) any other amounts due to Executive from the Company or any of its Affiliates thereof as of the effective date of the
termination, such as approved, unreimbursed business expenses and accrued and unused vacation. Executive’s participation in employee benefit plans of Inland Management or Inland REIT will be governed by the terms of those plans then in effect.

 4. Severance. 

(a) Termination Without Cause or Resignation for Good Reason other than during the Pre-CIC Period or within 24 months Following a Change
in Control. If Executive’s employment is terminated by Inland Management without Cause or if Executive resigns for Good Reason, and such termination is not within the period of time between the signing of a definitive agreement that, if
consummated, would constitute a Change in Control and the consummation of such Change in Control (the “Pre-CIC Period”) or the twenty-four- (24-) month period following a Change in Control, then, subject to Section 5 and
Section 8, Executive will receive a payment in an amount equal to 1.5 times the sum of (i) Executive’s Base Salary and (ii) Executive’s Target Bonus for the year in which termination occurs. Such amounts will be payable over
a period of 12 months in equal installments in accordance with Inland Management’s or Inland REIT’s normal payroll practices, commencing within sixty (60) days following Executive’s separation from service. 

(b) Termination Without Cause or Resignation for Good Reason during the Pre-CIC Period or Following a Change in Control. If
Executive’s employment is terminated by Inland Management without Cause or if Executive resigns for Good Reason, and such termination is during the Pre-CIC Period or within the twenty-four- (24-) month period following a Change in Control,
then, subject to Section 5 and Section 8, Executive will receive a lump sum payment equal to 2 times the sum of (i) Executive’s Base Salary and (ii) Executive’s Target Bonus for the year in which termination occurs.
Such lump sum amounts will be payable within the later of sixty (60) days following Executive’s separation from service or 30 days following the date of the Change in Control. 

(c) Benefit Continuation. If Executive is entitled to severance payments under either Section 4(a) or 4(b) hereof, the
Company shall, at the Company’s 

  
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expense, for a period of 18 months (the “Benefit Continuation Period”), provide medical insurance benefit coverage in coordination with the provisions of the Consolidated Omnibus
Budget Reconciliation Act of 1985 (“COBRA”) by reimbursing Executive for the applicable coverage premiums, provided that (i) Executive completes and timely files all necessary COBRA election documentation, which will be sent to
Executive after the last day of employment and (ii) Executive continues to make all required premium payments required by COBRA. In the event such premium payment reimbursements by the Company, by reason of change in the applicable law, may, in
the reasonable view of the Company, result in tax or other penalties on the Company, this provision shall terminate and Executive and the Company shall, in good faith, negotiate for a substitute provision that would not result in such tax or other
penalties. Benefits otherwise receivable by Executive pursuant to this Section 4(c) shall be reduced to the extent Executive becomes eligible for substantially similar medical insurance benefits during the applicable Benefit Continuation Period
(and any such benefits received by, or made available to, Executive shall be reported to the Company by Executive). 
 5. Conditions
to Receiving Severance. The receipt of any severance or other benefits pursuant to Section 4 will be subject to Executive signing, returning to Inland Management and not revoking, a general release agreement, in a form of agreement
generally used by Inland Management for such purposes, releasing the Company, Inland REIT and their affiliates from any and all claims Executive may have arising out of Executive’s employment, or termination thereof (the “Release
Agreement”) and such Release Agreement becoming effective no later than fifty-five (55) days following Executive’s termination of employment; provided, however, that in the event such fifty-five (55) day period straddles two
taxable years, the payments described in Section 4 shall not commence until the later of the two taxable years; and provided further that the general release agreement and any accompanying separation agreement shall have no greater obligations
or more limiting post-employment restrictions than are expressly set forth in this Agreement. 
 6. Executive Covenants.
Executive acknowledges that the covenants contained in Section 6 of this Agreement survive the termination of the Term and that the consideration noted in Section 2, as well as Executive’s employment, is sufficient compensation for
such covenants. For purposes of this Section 6, “Company” means the Company and its subsidiaries, parent companies, including Inland REIT prior a Triggering Event and affiliated companies. 

(a) Nondisclosure of Confidential Information. “Confidential Information” means data and information relating
to the business of the Company, which is disclosed to or created by Executive, or of which Executive becomes aware as a consequence of Executive’s relationship with the Company, that has value to the Company and is not generally known to
competitors of the Company. Subject to the foregoing, Confidential Information includes, but is not limited to, business development, marketing and sales programs, customer, potential customer and supplier/vendor information, customer lists,
employee information, marketing strategies, Company financial results, information related to mergers and acquisitions, pricing information, personnel information, financial data, regulatory approval strategies, investigative records, research,
marketing strategy, testing methodologies and results, computer programs, programs and protocols, and related items used by the Company in its business, whether contained in written form, computerized records, models, prototypes or any other

  
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format, and any and all information obtained in writing, orally or visually during visits to offices of the Company. Confidential Information shall not include any information that (A) is or
becomes generally available to the public other than as a result of an unauthorized disclosure, (B) has been independently developed and disclosed by others without violating this Agreement, or (C) otherwise enters the public domain
through lawful means. Executive acknowledges that he will continue to receive and develop Confidential Information of the Company as a necessary part of Executive’s job. Executive agrees that while employed by the Company, Executive will
continue to benefit and add to the Company goodwill with its clients and in the marketplace generally. Executive further agrees that loss of such clients will cause the Company significant and irreparable harm and that the restrictions on
Executive’s use of such Confidential Information are reasonable and necessary to protect the Company’s legitimate business interests in its Confidential Information. Accordingly, Executive will not at any time during Executive’s
employment by the Company, and for so long thereafter as the pertinent information or documentation constitutes Confidential Information as defined above, use or disclose to others any Confidential Information, except as specifically authorized in a
signed writing by the Company or in the performance of work assigned to Executive by the Company. The covenants made by Executive herein are in addition to, and not exclusive of, any and all other rights to which the Company is entitled under
federal and state law, including, but not limited to, rights provided under copyright and trade secret laws, and laws concerning fiduciary duties. Executive hereby agrees not to disclose, copy, or remove from the premises of the Company any
documents, records, tapes or other media or format that contain or may contain Confidential Information, except as required by the nature of Executive’s duties for the Company. 

(b) Return of Company Property. Promptly following the end of the Term, or at any time at the request of the Company, Executive
will return to Company all Confidential Information, physical property of the Company and any information relating to the clients or customers of the Company that Executive may possess or have under his control, together with all copies thereof,
including but not limited to company hardware, records, memoranda, notes, plans, reports, computer tapes, software and other documents and data containing confidential information. 

(c) Noncompetition. Except on behalf of the Company, Executive acknowledges and agrees that during the Term and for 12 months
following the termination of his employment by him for any reason or no reason or by the Company for Cause, Executive will not directly or indirectly engage in or associate with (including, without limitation, engagement or association as a sole
proprietor, owner, employer, director, partner, principal, investor, joint venturer, shareholder, associate, employee, member, consultant, contractor or otherwise), any person or entity engaged in the business of operating or managing real estate
investment trusts or purchasing or selling lodging properties anywhere in the United States (a “Competing Business”), provided that Executive may own or manage, or participate in the ownership or management of, any entity that he
owned or managed, or participated in the ownership or management of, prior to the Start Date, which ownership, management or participation has been disclosed in writing to the Company on or prior to the date hereof; and provided, further, that
Executive may own, directly or indirectly, up to one percent (1%) of any class of “publicly traded securities” of any entity that is a Competing Business. For the purposes of this Section 6(c), “publicly traded
securities” shall mean securities that are traded on a national securities exchange. Notwithstanding the foregoing, Executive shall no longer be subject to the terms of 

  
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this Section 6(c) from and following the occurrence of a Change in Control with respect to any period following the termination of his employment with the Company. 

(d) Employee and Independent Contractor Nonsolicitation and Noninterference. During the Term and for 3 years following
termination of Executive’s employment for any reason or no reason by either the Company or Executive, Executive will not, directly or indirectly (i) recruit, hire, retain or attempt to recruit, hire or retain, any then-current employee or
independent contractor of the Company or any former employee who was employed by the Company within the prior six (6) months, for employment or engagement with an entity other than the Company, or (ii) entice or attempt to persuade the
Company’s then-current employee or independent contractor to leave employment or engagement with the Company. 
 (e)
Nondisparagement. Executive shall not make, and the Company shall instruct each member of the Board and each executive officer of Inland REIT and the Company not to make, or cause to be made, during the Term and at all times
thereafter, any statement or communicate any information (whether oral or written) that disparages the Company or Executive, respectively, including, with respect to Executive’s obligations, the Company’s subsidiaries or parent companies
or any of their respective officers, directors, board members, investors, shareholders, agents or employees. 
 (f)
Reasonableness. Executive acknowledges that the provisions contained in this Section 6 are reasonable and necessary to protect the Company’s interests in its good will, business relationships, and confidential information and
that the Company will suffer substantial harm if Executive engages in any of the prohibited activities. Executive warrants that no provision of this Section 6 will work to prevent Executive from earning a living. 

(g) Enforcement. It is the desire and intent of the parties hereto that the provisions of Section 6 of this Agreement be
construed independently of one another to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. Each restriction contained in this Section 6 is intended to be severable,
and the unenforceability of any such provision shall not affect the enforceability of any other provision of Section 6. The Company shall be entitled to all rights and remedies as set forth in this Section 6 until the expiration of the
covenants contained herein in accordance with their terms. The parties agree and acknowledge that damages will be difficult, if not impossible, to calculate in the event of a breach, or threatened breach, of any of the provisions of this
Section 6 and, in any event, damages will be an insufficient remedy in the event of such breach. Accordingly, the parties agree that the Company shall, in addition to all other remedies, be entitled to injunctive relief in the event of any
breach of the provisions of this Section 6. 
 7. Parachute Payment Limitations. Notwithstanding anything to the contrary
contained herein (or any other agreement entered into by and between Executive and the Company or any incentive arrangement or plan offered by the Company), in the event that any amount or benefit paid or distributed to Executive pursuant to this
Agreement, taken together with any amounts or benefits otherwise paid to Executive by the Company (collectively, the “Covered Payments”), would constitute an “excess parachute payment” as defined in Section 280G of the
Internal Revenue Code of 1986, as amended (the “Code”), and would thereby subject Executive to an excise tax under Section 4999 of the Code (an “Excise Tax”), the provisions of this Section 7 shall apply.
If the aggregate present value (as determined for 

  
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purposes of Section 280G of the Code) of the Covered Payments exceeds the amount which can be paid to Executive without Executive incurring an Excise Tax, then, solely to the extent that
Executive would be better off on an after tax basis by receiving the maximum amount which may be paid hereunder without Executive becoming subject to the Excise Tax, as determined by Executive in his sole discretion, the amounts payable to Executive
under this Agreement (or any other agreement by and between Executive and the Company or pursuant to any incentive arrangement or plan offered by the Company) shall be reduced (but not below zero) to the maximum amount which may be paid hereunder
without Executive becoming subject to the Excise Tax (such reduced payments to be referred to as the “Payment Cap”). In the event Executive receives reduced payments and benefits as a result of application of this Section 7,
Executive shall have the right to designate which of the payments and benefits otherwise set forth herein (or any other agreement between the Company and Executive or any incentive arrangement or plan offered by the Company) shall be received in
connection with the application of the Payment Cap, subject to the following sentence. Reduction shall first be made from payments and benefits which are determined not to be nonqualified deferred compensation for purposes of Section 409A of
the Code, and then shall be made (to the extent necessary) out of payments and benefits that are subject to Section 409A of the Code and that are due at the latest future date. 

8. Recoupment. Notwithstanding any other provision of this Agreement to the contrary, Executive acknowledges that he will be
subject to recoupment policies adopted by the Company pursuant to the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act or other law or the listing requirements of any national securities exchange on which the Shares of
the Company may be listed. 
 9. Tax Withholding. Executive shall be liable for all income taxes incurred with respect to all
benefits provided under this Agreement. All payments required to be made to Executive under this Agreement shall be subject to withholding of amounts relating to income tax, excise tax, employment tax and other payroll taxes to the extent Inland
Management determines is required to be withheld pursuant to applicable law or regulation. 
 10. Section 409A of the Internal
Revenue Code. It is the intent of the parties that payments and benefits under this Agreement comply with, or be exempt from, Section 409A of the Code and, accordingly, to the maximum extent permitted, this Agreement shall be
interpreted and administered consistent with such intent. With respect to expenses eligible for reimbursement under the terms of this Agreement: (i) the amount of such expenses eligible for reimbursement in any taxable year shall not
affect the expenses eligible for reimbursement in another taxable year; and (ii) any reimbursements of such expenses shall be made no later than the end of the calendar year following the calendar year in which the related expenses were
incurred, except, in each case, to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A of the Code. In addition, Executive’s right to reimbursement (or
in-kind benefits) cannot be liquidated or exchanged for any other benefit or payment. Notwithstanding anything contained herein to the contrary, to the extent required to avoid accelerated taxation or tax penalties under Section 409A of the
Code, Executive shall not be considered to have terminated employment for purposes of this Agreement and no payments shall be due to Executive under this Agreement that are payable upon Executive’s termination of employment until Executive
would be considered to have 

  
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incurred a “separation from service” from the Company within the meaning of Section 409A of the Code. In addition, for purposes of this Agreement, each amount to be paid or benefit
to be provided to Executive pursuant to this Agreement shall be construed as a separate identified payment for purposes of Section 409A of the Code and any payments described herein that are due within the “short term deferral period”
as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything contained herein to the contrary, if Executive is a “specified employee,” as
defined in Section 409A of the Code, as of the date of Executive’s separation from service, then to the extent any amount payable under this Agreement (i) constitutes the payment of nonqualified deferred compensation, within the
meaning of Section 409A of the Code, (ii) is payable upon Executive’s separation from service and (iii) under the terms of this Agreement would be payable prior to the six-month anniversary of Executive’s separation from
service, such payment shall be delayed until the earlier to occur of (A) the six-month anniversary of the separation from service or (B) the date of Executive’s death. 

11. Definitions. For the purposes of this Agreement, the following terms shall be defined as set forth below: 

(a) “Affiliate” means any domestic or foreign individual, partnership, corporation, limited liability company, association,
joint stock company, trust, joint venture, unincorporated organization or governmental entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the Company. 

(b) “Board” means the board of directors of the Inland REIT prior to a Triggering Event and the board of directors of Inland
Lodging or its successor on and after a Triggering Event. 
 (c) “Cause” means any of the following: 

(i) the willful fraud or material dishonesty of Executive in connection with the performance of Executive’s duties to the Company; 

(ii) the deliberate or intentional failure by Executive to substantially perform Executive’s duties to the Company (other than the
Executive’s failure resulting from his incapacity due to physical or mental illness or any such actual or anticipated failure after Executive’s issuance of a Notice of Termination for Good Reason) after a written notice is delivered to the
Executive by the Board, which demand specifically identifies the manner in which the Board believes the Executive has not substantially performed his duties; 

(iii) willful misconduct by Executive that is materially detrimental to the reputation, goodwill or business operations of the Company or any
Affiliate; 
 (iv) willful disclosure of the Company’s Confidential Information or trade secrets; 

(v) a breach of Section 6(a), (b), (c) or (d) or Section 18 of this Agreement; or 

  
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 (vi) the conviction of, or plea of nolo contendere to a charge of commission of a felony or
crime of moral turpitude by Executive. 
 For purposes of this Section, no act or failure to act will be considered “willful,” unless it is done
or omitted to be done, by the Executive in bad faith or without reasonable belief that the Executive’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given pursuant to a resolution
duly adopted by the Board or based upon the advice of counsel for the Company will be presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. 

(d) “Change in Control” means the first to occur of any of the events set forth in the following paragraphs; provided,
however, that a Qualified Event shall not constitute a Change in Control: 
 (i) any “person,” as such term is used in Sections
13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Exchange Act”), other than Inland Lodging or an Affiliate thereof or a Company or Inland REIT employee benefit plan, including any trustee of such plan acting as trustee,
is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Inland Lodging or the Inland REIT representing thirty percent (30%) or more of the combined voting power
of Inland Lodging’s or the Inland REIT’s, as applicable, then outstanding securities entitled to vote generally in the election of directors; 

(ii) a merger, reverse merger or other business combination or consolidation of Inland Lodging or the Inland REIT or any direct or indirect
subsidiary of Inland Lodging or the Inland REIT, as applicable with any other corporation other than an Affiliate of Inland Lodging, other than a merger or consolidation which would result in the voting securities of Inland Lodging or the Inland
REIT, as applicable outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power
represented by the voting securities of Inland Lodging or the Inland REIT, as applicable, or such surviving entity outstanding immediately after such merger, reverse merger, business combination or consolidation; 

(iii) a majority of the members of the Board in effect at the time of a Qualified Event is replaced during any 12 month period after the
Qualified Event by directors whose appointment or election is not endorsed by a majority of the Board prior to the date of the appointment or election; or 

(iv) a person (or group), other than an Affiliate of Inland Lodging, acquires (or has acquired, during a 12-month period), assets that have a
total gross fair market value of forty percent (40%) or more of the total gross fair market value of all assets of Inland Lodging immediately prior to such acquisition. 

(e) “Disabled” has the same meaning as provided in the long-term disability plan or policy maintained by Inland Management or
Inland REIT, whichever entity maintains such plan or policy and if both maintain such a plan or policy, then the plan or policy of Inland Management. If no such disability plan or policy is maintained by Inland Management

  
 11 

 
or Inland REIT, Disabled means Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment, which can be expected to
result in death or can be expected to last for a continuous period of not less than twelve (12) months. If the Executive disputes Inland Management’s determination of Disability, the Executive (or his designated physician) and Inland
Management (or its designated physician) shall jointly appoint a third party physician to examine Executive and determine whether the Executive is Disabled. 

(f) “Fair Market Value” means, as of any particular date, the value of the Share Units or Shares as determined by the Board
in good faith, which valuation will be provided to Executive in conjunction with the Board’s determination, provided that (i) prior to a Qualified Event, “Fair Market Value” of a Share or Share Unit shall be determined by
reference to the valuation performed by Real Globe Advisors, LLC (“Real Globe”) as of December 31, 2013, or such other subsequent similar valuation report performed by Real Globe or other third party advisory firm engaged by
the Board to estimate the value of a Share Unit or Share on a fully diluted basis, using methodologies and assumptions substantially similar to those used in prior valuations and (ii) if Shares are admitted to trading on the New York Stock
Exchange, NASDAQ or on any other nationally recognized stock exchange, “Fair Market Value” of a Share on any such date shall be the closing price reported for such Share on such exchange on the last date preceding such date on which a sale
was reported. 
 (g) “Good Reason” means (i) a material diminution of Executive’s Base Salary, Target Bonus,
grants of Share Units as set forth in Section 2(c) (other than adjustments to Share Units as described in Section 2(c)(iii) of this Agreement) or other annual incentive compensation opportunities; (ii) a material reduction in
Executive’s authority, duties or responsibilities; provided, however, that dispositions or transfers of assets between the Company and one or more Affiliates (up to a maximum of fifty-four (54) select service hotels) that are contemplated
by the Board as of the execution of this Agreement shall not be considered a reduction in the Executive’s authority, duties or responsibility for purposes of this clause (ii); (iii) Executive being required to relocate his principal place
of employment with Inland Management more than 50 miles from his principal place of employment as of the date of this Agreement, it being understood that Executive may be required to travel frequently in connection with his position as set forth
herein and that prolonged periods away from Executive’s principal residence shall not constitute Good Reason; or (iv) failure of any successor to the Company following a Change in Control, as defined in Section 11(d) of this
Agreement, to assume this Agreement and the obligations hereunder. A termination of employment by Executive shall not be deemed to be for Good Reason unless (A) Executive gives the Company written notice describing the event or events which are
the basis for such termination within sixty (60) days after the event or events occur, (B) such grounds for termination (if susceptible to correction) are not corrected by the Company within thirty (30) days of the Company’s
receipt of such notice (“Correction Period”), and (C) Executive terminates his employment no later than thirty (30) days following the Correction Period. 

(h) “Qualified Event” means any of the following: (i) a straight listing of Shares on the New York Stock Exchange,
NASDAQ or on any other nationally recognized stock exchange; (ii) an underwritten public offering of Shares pursuant to an effective registration statement under the Securities Act of 1933, as amended from time to time, which

  
 12 

 
Shares are approved for listing or quotation on the New York Stock Exchange, NASDAQ or on any other nationally recognized stock exchange; or (iii) a reverse merger of Inland Lodging into an
existing publicly held company or its acquisition subsidiary, resulting in the Shares first becoming listed on the New York Stock Exchange, NASDAQ or on any other nationally recognized stock exchange. 

(i) “Shares” means shares of the common stock of Inland Lodging and any successor security or interest. 

(j) “Share Units” means notional units of Inland Lodging. Prior to any issuance of any Shares upon the vesting of a Share
Unit, a Share Unit shall not comprise or convey to the Executive any right, title or interest in actual ownership of Inland Lodging or any Shares. 

(k) “Triggering Event” means the first occurrence after the date of this Agreement of a Change in Control or a Qualified
Event. 
 12. Indemnification. The Executive shall be entitled to indemnification by the Company or Inland REIT consistent
with the terms of the Company’s or Inland REIT’s bylaws or equivalent organizational documents or indemnification policies in effect from time to time; provided, however, that the Company or Inland REIT shall not be required to pay any
amounts under any such indemnification policy except upon receipt of an unsecured undertaking by the Executive to repay any such amounts as are ultimately determined by a final judgment of a court of competent jurisdiction that the Executive is not
entitled to indemnification by the Company or Inland REIT. Executive will also be covered under the Company’s or Inland REIT’s directors and officers insurance policy, if any, pursuant to the terms of such policy for so long as the Company
or Inland REIT maintains such coverage for any director or officer of the Company. The Company’s and Inland REIT’s obligations under this Section will survive termination or expiration of this Agreement and any termination of
Executive’s employment with the Company for any reason, subject to the terms of the applicable policy as may be in effect at the Company or Inland REIT. 

13. Successors and Assigns. This Agreement and all rights hereunder are personal to Executive and shall not be assignable by
Executive; provided, however, that any amounts that shall have become payable under this Agreement prior to Executive’s death shall inure to the benefit of Executive’s heirs or other legal representatives, as the case may be. This
Agreement shall be binding upon and inure to the benefit of the Company’s successors, including any entity that succeeds to the business and interests of the Company whether by merger, consolidation, purchase of assets or otherwise, of all or
substantially all of the Company’s assets and business. 
 14. Blue-Penciling; Severability. In the event that any
provision of this Agreement is determined to be partially or wholly invalid, illegal, unenforceable, or unreasonable or excessive as to duration, geographic scope, or activity, then such provision shall be modified or restricted to the extent
necessary to make such provision valid, binding and enforceable. Any provision that is modified shall be construed by limiting and reducing it to the maximum time, geographic or scope limitations, as the case may be, so as to be reasonable and
enforceable to the extent compatible with the applicable law. If such provision cannot be 

  
 13 

 
modified or restricted, then such provision shall be deemed to be excised from this Agreement, provided that the binding effect and enforceability of the remaining provisions of this Agreement
shall not be affected or impaired in any manner. 
 15. Amendment. This Agreement may not be amended orally; it may only be
amended in a writing signed by Executive and a duly authorized representative of the Company. 
 16. Notices. Any notices to
be given under this Agreement may be made by personal delivery, e-mail, or recognized overnight courier. Notice by personal delivery or courier will be deemed made on the date of actual receipt. 

Notice to the Company shall be addressed to: 

Scott Wilton 
 Secretary and
General Counsel, Inland American Real Estate Trust, Inc. 
 2809 Butterfield Road 

Oak Brook, IL 60523 
 With a copy
to: 
 Skadden Arps Slate Meagher & Flom LLP 

155 N. Wacker Drive 
 Chicago, IL
60606-1720 
 Attention: Rodd Schreiber 

Notice to Executive shall be addressed to Executive at the home address most recently provided to the Company. 

17. Governing Law. This Agreement shall be governed by and enforceable in accordance with the laws of the State of Delaware as
applicable to contracts executed and performed within such state, without regard to the application of any choice-of-law rules that would result in the application of another state’s laws. 

18. Arbitration. 

(a) The Company and Executive mutually consent to the resolution by final and binding arbitration of any and all disputes, controversies or
claims related in any way to Executive’s relationship with the Company and its parents and affiliates, including, but not limited to, any dispute, controversy or claim of alleged discrimination, harassment or retaliation (including, but not
limited to, claims based on race, sex, sexual preference, religion, national origin, age, marital or family status, medical condition, handicap or disability); any dispute, controversy or claim arising out of or relating to this Agreement or the
breach of this agreement; and any dispute as to the arbitrability of a matter under this Agreement (collectively, “Claims”); provided, however, that nothing in this Agreement shall require arbitration of any Claims which, by law,
cannot be the subject of a compulsory arbitration agreement. 
 (b) All Claims shall be resolved exclusively by arbitration administered by
JAMS under its Employment Arbitration Rules and Procedures then in effect 

  
 14 

 
(the “JAMS Rules”). Notwithstanding the foregoing, the Company and Executive shall have the right to (i) seek a restraining order or other injunctive or equitable relief or
order in aid of arbitration or to compel arbitration, from a court of competent jurisdiction, or (ii) interim injunctive or equitable relief from the arbitrator pursuant to the JAMS Rules, in each case to prevent any violation of this
Agreement. The Company and Executive must notify the other party in writing of a request to arbitrate any Claims within the same statute of limitations period applicable to such Claims. 

(c) Any arbitration proceeding brought under this Agreement shall be conducted before one arbitrator in DuPage County, Illinois, or such other
location to which the parties mutually agree. The arbitrator shall be selected in accordance with the JAMS Rules, provided that the arbitrator shall be an attorney with significant experience in employment matters. Each party to any dispute shall
pay its own expenses, including attorneys’ fees; provided, however, that the Company shall pay all costs and fees that Executive would not otherwise have been subject to paying if the claim had been resolved in a court of law and, to the extent
required by applicable law for this arbitration provision to be enforceable, the Company shall reimburse Executive for any reasonable travel expenses incurred by Executive in connection with Executive’s travel to Illinois for any arbitration
proceedings. The arbitrator will be empowered to award either party any remedy at law or in equity that the party would otherwise have been entitled to had the matter been litigated in court, including, but not limited to, general, special and
punitive damages, injunctive relief, costs and attorney fees; provided, however, that the authority to award any remedy is subject to whatever limitations, if any, exist in the applicable law on such remedies. The arbitrator shall issue a decision
or award in writing, stating the essential findings of fact and conclusions of law, and the arbitrators shall be required to follow the laws of the State of Delaware consistent with Section 17 of this Agreement. 

(d) Any judgment on or enforcement of any award, including an award providing for interim or permanent injunctive relief, rendered by the
arbitrator may be entered, enforced or appealed in any court having jurisdiction thereof. Any arbitration proceedings, decision or award rendered hereunder, and the validity, effect and interpretation of this arbitration provision, shall be governed
by the Federal Arbitration Act, 9 U.S.C. § 1 et seq. 
 (e) It is part of the essence of this Agreement that any Claims hereunder shall
be resolved expeditiously and as confidentially as possible. Accordingly, the Company and Executive agree that all proceedings in any arbitration shall be conducted under seal and kept strictly confidential. In that regard, no party shall use,
disclose or permit the disclosure of any information, evidence or documents produced by any other party in the arbitration proceedings or about the existence, contents or results of the proceedings except as necessary and appropriate for the
preparation and conduct of the arbitration proceedings, or as may be required by any legal process, or as required in an action in aid of arbitration or for enforcement of or appeal from an arbitral award. Before making any disclosure permitted by
the preceding sentence, the party intending to make such disclosure shall give the other party reasonable written notice of the intended disclosure and afford such other party a reasonable opportunity to protect its interests. 

19. Captions and Headings. Captions and paragraph headings are for convenience only, are not a part of this Agreement, and shall
not be used to construe any provision of this Agreement. 

  
 15 

 20. Counterparts. This Agreement may be executed in counterparts, each of which
shall constitute an original, but both of which when taken together shall constitute one Agreement. Signatures may be exchanged by facsimile or email. 

21. Survival. The respective obligations of, and benefits accorded to, the Company and Executive as provided in
Section 2(b) and (c), 3(e), 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 18 of this Agreement shall survive the expiration or earlier termination of this Agreement. Without limiting the foregoing, Executive acknowledges and agrees that
Executive’s obligations under Section 6 of this Agreement shall survive the cessation of Executive’s employment with the Company for whatever reason. 

22. Entire Agreement. This Agreement sets forth the entire agreement between the Company (or any of its affiliates) and
Executive with respect to its subject matter, and merges and supersedes all prior discussions, negotiations, representations, proposals, agreements and understandings of every kind and nature between the Company (or any of its affiliates) and
Executive. Executive and the Company represent that, in executing this Agreement, each party has not relied upon any representation or statement made by the other party, other than those set forth herein, with regard to the subject matter, basis or
effect of this Agreement. 

  
 16 

 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement on the date first written
above. 
  

									
	IA Lodging Group, Inc.	 		 	Executive
			
	/s/ Thomas P. McGuinness	 		 	/s/ Philip A. Wade
		 		 		 	Philip A. Wade
	By:	 	Thomas P. McGuinness	 		 		 	
	Its:	 	Director	 		 		 	
				
	 IA Lodging Management, LLC

By:    WINN Limited Partnership, a North Carolina limited partnership, its sole member

By:    Inland American Winston Hotels, Inc., a Delaware corporation, its general partner
	 		 		 	
			
	/s/ Thomas P. McGuinness	 		 	
		 		 		 	
	By:	 	Thomas P. McGuinness	 		 		 	
	Its:	 	DirectorEX-10.13

 Exhibit 10.13 
  

EMPLOYEE MATTERS AGREEMENT 
 BY
AND BETWEEN 
 INLAND AMERICAN REAL ESTATE TRUST, INC. 

AND 
 XENIA HOTELS &
RESORTS, INC. 
 DATED AS OF [—], 2015 

 
  

 EMPLOYEE MATTERS AGREEMENT 

This Employee Matters Agreement (the “Agreement”) is entered into as of
[—], 2015, by and between Inland American Real Estate Trust, Inc., a Maryland corporation (“Inland American”), and Xenia Hotels & Resorts, Inc., a Maryland corporation
(“Xenia”), each a “Party” and together, the “Parties.” 
 RECITALS: 

WHEREAS, Xenia is and prior to the Distribution will be a wholly owned subsidiary of Inland American; 

WHEREAS, the board of directors of Inland American has determined that it is advisable and in the best interests of Inland American to
establish Xenia as an independent publicly traded company; 
 WHEREAS, to effect this separation, the Parties have entered into that certain
Separation and Distribution Agreement dated as of [—], 2015 (as amended or otherwise modified from time to time, the “Separation Agreement”); and 

WHEREAS, pursuant to the Separation Agreement, Inland American and Xenia are entering into this Agreement for the purpose of allocating
between and among them certain assets, Liabilities and responsibilities with respect to certain (i) employees, (ii) compensation and benefit plans, programs and arrangements and (iii) other employee-related matters. 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual promises and covenants hereinafter set forth, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 

ARTICLE I 
 DEFINITIONS
AND INTERPRETATION 
 Section 1.1 Definitions. The following capitalized terms shall have the meanings set forth below when used in this
Agreement: 
 “Accrued PTO” means, with respect to an Inland American Employee or a Xenia Employee, such individual’s
accrued vacation, paid-time-off and sick time, if any. 
 “Affiliate” shall mean, with respect to any specified Person, any
other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose “control” of a Person means the possession, directly
or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. Unless explicitly provided herein to the contrary, for purposes of
this Agreement, Inland American shall be deemed not to be an Affiliate of Xenia or any of its Subsidiaries, and Xenia shall be deemed not to be an Affiliate of Inland American or any of its Subsidiaries (other than Xenia and the Xenia Subsidiaries).

  
 1 

 “Agreement” shall have the meaning set forth in the preamble to this Agreement
and includes all Exhibits attached hereto or delivered pursuant hereto. 
 “Ancillary Agreements” shall have the meaning
provided in the Separation Agreement. 
 “Benefit Plan” shall mean any compensation and/or benefit plan, program,
arrangement, agreement or other commitment that is sponsored, maintained, entered into or contributed to by an entity or with respect to which such entity otherwise has any liability or obligation, whether fixed or contingent, including each such
(i) employment, consulting, noncompetition, nondisclosure, nonsolicitation, severance, termination, pension, retirement, supplemental retirement, excess benefit, profit sharing, bonus, incentive, sales incentive, commission, deferred
compensation, retention, transaction, change in control and similar plan, program, arrangement, agreement or other commitment, (ii) stock option, restricted stock, restricted stock unit, share unit, performance stock, stock appreciation, stock
purchase, deferred stock or other compensatory equity or equity-based plan, program, arrangement, agreement or other commitment, (iii) savings, life, health, disability, accident, medical, dental, vision, cafeteria, insurance, flexible
spending, adoption/dependent/employee assistance, tuition, vacation, relocation, paid-time-off, other fringe benefit and other employee compensation plan, program, arrangement, agreement or other commitment, including in each case, each
“employee benefit plan” as defined in Section 3(3) of ERISA and any trust, escrow, funding, insurance or other agreement related to any of the foregoing. 

“COBRA” shall mean the continuation coverage requirements for “group health plans” under Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, together with all regulations promulgated thereunder. 

“Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Distribution” shall have the meaning provided in the Separation Agreement. 

“Distribution Date” shall mean the date on which the Distribution occurs, such date to be determined by, or under the
authority of, the board of directors of Inland American, in its sole and absolute discretion. 
 “DOL” shall mean the U.S.
Department of Labor. 
 “Effective Time” shall mean [—], Chicago, IL
time, on the Distribution Date. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Force Majeure” has the meaning set forth in Section 10.19. 

“Former Inland American Employee” shall mean any employee, consultant, director or other service provider who provides or
provided services primarily for the benefit of any Inland American Entity and who (A) terminates or has terminated his or her employment or other service 

  
 2 

 
relationship with any Inland American Entity at any time, including any such individual who terminated employment or service prior to the Effective Time, and (B) the Parties determine to be
a Former Inland American Employee. For the avoidance of doubt, any transfer of employment or other service relationship between the Inland American Entities and/or the Xenia Entities for purposes of effectuating the Distribution shall not constitute
a termination of employment or other service relationship for purposes of this definition. To the extent such designation is not readily made, the Parties agree to negotiate in good faith to agree upon a designation as a Former Inland American
Employee or a Former Xenia Employee. 
 “Former Xenia Employee” shall mean any employee, consultant, director or other
service provider who provides or provided services primarily for the benefit of any Xenia Entity and who (A) terminates or has terminated his or her employment or other service relationship with any Xenia Entity at any time, including any such
individual who terminated employment or service prior to the Effective Time, and (B) whom the Parties determine to be a Former Xenia Employee. For the avoidance of doubt, any transfer of employment or other service relationship between Inland
American Entities and/or Xenia Entities for purposes of effectuating the Distribution shall not constitute a termination of employment or other service relationship for purposes of this definition. To the extent such designation is not readily made,
the Parties agree to negotiate in good faith to agree upon a designation as a Former Inland American Employee or a Former Xenia Employee. 

“Governmental Authority” shall mean any U.S. federal, state, local or non-U.S. court, government, department, commission,
board, bureau, agency, official or other regulatory, administrative or governmental authority. 
 “HIPAA” shall mean the
Health Insurance Portability and Accountability Act of 1996, as amended. 
 “Inland American” shall have the meaning
provided in the preamble to this Agreement. 
 “Inland American 401(k) Plan” shall mean the Inland Group, Inc. Savings
Plan. 
 “Inland American Benefit Plan” shall mean each Benefit Plan sponsored, maintained entered into or contributed to
by any Inland American Entity, in any case, under which more than one service provider is eligible to receive compensation and/or benefits. 

“Inland American Cash Incentive Plans” shall have the meaning provided in Section 6.1. 

“Inland American Cafeteria Plan” shall mean a “cafeteria plan” (within the meaning of Section 125 of the
Code), including any health flexible spending account or dependent care plan, maintained by Inland American. 
 “Inland American
Employee” shall mean each employee, consultant, director and other service provider who provides services primarily for the benefit of any Inland American Entity and who, following the Effective Time, remains employed by or in service with
any Inland American Entity, including any such active employees and any such employees on approved leaves of absence. 

  
 3 

 “Inland American Entities” means Inland American and the Subsidiaries of Inland
American other than Xenia and the Xenia Subsidiaries (each, an “Inland American Entity”). 
 “Inland American
Equity Plans” shall mean the Inland American Real Estate Trust, Inc. 2014 Share Unit Plan, the Inland American Communities Group, Inc. 2014 Share Unit Plan, the Inland American Real Estate Trust, Inc. Amended and Restated Independent
Director Stock Option Plan and any other stock option or equity incentive compensation plan or arrangement maintained by any Inland American Entity on or prior to the Distribution Date for the benefit of employees, consultants, directors and/or
other service providers of any Inland American Entity. For the avoidance of doubt, neither the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan nor the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive
Award Plan shall be deemed to be an Inland American Equity Plan. 
 “Inland American Health and Welfare Plans” shall mean,
collectively, the plans listed on Exhibit A hereto. 
 “Inland American Individual Agreement” shall mean each
Benefit Plan sponsored, maintained entered into or contributed to by any Inland American Entity, in any case, under which no more than one service provider is eligible to receive compensation and/or benefits. 

“Inland American Participant” shall mean any individual who, (i) prior to the Distribution Date, is eligible to
participate in one or more Inland American Benefit Plans and has not become a Xenia Participant, and (ii) following the Distribution Date, is (A) an Inland American Employee who is eligible to participate in one or more Inland American
Benefit Plans, (B) a Former Inland American Employee who remains entitled to payments, benefits and/or participation under any Inland American Benefit Plan, (C) a Former Xenia Employee who terminated employment or other service on or prior
to the Distribution Date, to the extent such individual remains entitled to payments, benefits and/or participation under any Inland American Benefit Plan, or (D) a beneficiary, dependent or alternate payee of any of the foregoing. For the
avoidance of doubt, “Inland American Participant” shall not include any individual who becomes a Xenia Participant (or any beneficiary, dependent or alternate payee thereof) once such individual becomes a Xenia Participant. 

“IRS” shall mean the Internal Revenue Service. 

“Law” shall mean any law, statute, ordinance, code, rule, regulation, order, writ, proclamation, judgment, injunction or
decree of any Governmental Authority. 
 “Liability” and “Liabilities” shall have such meanings as
provided in the Separation Agreement. 
 “Participating Company” shall mean, with respect to an Inland American Benefit
Plan, any Inland American Entity and, prior to the Distribution, each Xenia Entity, in each case, that is a participating employer in such Inland American Benefit Plan. 

“Party” or “Parties” shall have the meaning provided in the preamble to this Agreement. 

  
 4 

 “Person” shall mean an individual, a partnership, a corporation, a limited
liability company, an association, a joint stock company, a trust, a joint venture, a union, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 

“Separation Agreement” shall have the meaning provided in the recitals to this Agreement. 

“Subsidiary” shall mean, with respect to any specified Person, any corporation, partnership, limited liability company, joint
venture or other organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others
performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such specified Person or by any one or more of its subsidiaries, or by such specified Person and one or more of its
subsidiaries. 
 “Transaction Bonus Awards” shall have the meaning provided in Section 3.1. 

“Transactions” shall have such meaning as provided in the Separation Agreement. 

“Workers’ Comp Liabilities” shall have the meaning provided in Section 5.6. 

“Xenia” shall have the meaning provided in the preamble to this Agreement. 

“Xenia 401(k) Plan” shall have the meaning provided in Section 4.1. 

“Xenia Benefit Plan” shall mean each Benefit Plan (i) that is not an Inland American Benefit Plan, (ii) which is
sponsored, maintained, entered into or contributed to by any Xenia Entity, and (iii) under which more than one service provider is eligible to receive compensation and/or benefits, including the Xenia 401(k) Plan, each Xenia Equity Plan, the
Xenia Cafeteria Plan and the Xenia Health and Welfare Plans. 
 “Xenia Cafeteria Plan” shall mean a “cafeteria
plan” (within the meaning of Section 125 of the Code), including any health flexible spending account or dependent care plan, maintained by any Xenia Entity. 

“Xenia Employee” shall mean each employee, consultant, director and other service provider who provides services primarily
for the benefit of any Xenia Entity and who, following the Effective Time, remains employed by or in service with any Xenia Entity, including any such active employees and any such employees on approved leaves of absence. 

“Xenia Entities” means Xenia and each Xenia Subsidiary (each, a “Xenia Entity”). 

“Xenia Equity Plan” shall mean the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan, the Xenia Hotels &
Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan and any other stock option or equity incentive compensation plan or arrangement maintained by any Xenia Entity on or prior to the Distribution Date for the benefit of employees,
consultants, directors and/or other service providers of any Xenia Entity. 
 “Xenia Health and Welfare Plans” shall have
the meaning provided in Section 5.1. 

  
 5 

 “Xenia Individual Agreement” shall mean each Benefit Plan sponsored, maintained
entered into or contributed to by any Xenia Entity, in any case, under which no more than one service provider is eligible to receive compensation and/or benefits. 

“Xenia Participant” shall mean any individual who is or becomes (i) a Xenia Employee who is eligible to participate in
one or more Xenia Benefit Plans, (ii) a Former Xenia Employee who remains entitled to payments, benefits and/or participation under any Xenia Benefit Plan, or (iii) a beneficiary, dependent or alternate payee of any of the foregoing, in
each case, beginning on the first date that such individual qualifies as a Xenia Participant in accordance with any of the foregoing. 

“Xenia Subsidiaries” shall have such meaning as provided in the Separation Agreement. 

Section 1.2 References; Interpretation. References in this Agreement to any gender include references to all genders, and references to the
singular include references to the plural and vice versa. Unless the context otherwise requires, the words “include,” “includes” and “including” when used in this Agreement shall be deemed to be followed by the phrase
“without limitation.” Unless the context otherwise requires, references in this Agreement to Articles, Sections and Exhibits shall be deemed references to Articles and Sections of, and Exhibits to, this Agreement. Unless the context
otherwise requires, the words “hereof,” “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this Agreement in its entirety and not to any particular Article, Section or provision of
this Agreement. 
 ARTICLE II 

GENERAL PRINCIPLES 
 Section 2.1
Post-Distribution Employment. Immediately after the Effective Time, by virtue of this Agreement and without further action by any Person, (a) each Inland American Employee shall continue to be employed or engaged at Inland American or
such other Inland American Entity as employs or engages such Inland American Employee as of immediately prior to the Effective Time, and (b) each Xenia Employee shall continue to be employed or engaged at Xenia or such other Xenia Entity as
employs or engages such Xenia Employee as of immediately prior to the Effective Time. The Parties shall cooperate to effectuate any transfers of employment contemplated by this Agreement, including transfers necessary to ensure that all Inland
American Employees are employed or engaged at an Inland American Entity and all Xenia Employees are employed or engaged at a Xenia Entity, in each case, as of immediately prior to the Effective Time. 

Section 2.2 No Termination/Severance; No Change in Control. No Inland American Employee or Xenia Employee shall (a) terminate employment or
service or be deemed to terminate employment or service solely by virtue of the consummation of the Distribution, any transfer of employment or other service relationship contemplated hereby, or any related transactions or events contemplated by the
Separation Agreement, this Agreement or any other Ancillary Agreement, or (b) become entitled to any severance, termination, separation or similar rights, payments or benefits, whether under any Benefit Plan or otherwise, in connection with any
of the foregoing. Other than with respect to awards granted under the Inland American Real Estate Trust, Inc. 2014 Share Unit Plan or the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan or as otherwise expressly provided in an Inland
American Benefit Plan or Xenia Benefit Plan, neither the 

  
 6 

 
Distribution nor any other transaction(s) contemplated by the Separation Agreement, this Agreement or any other Ancillary Agreement shall constitute or be deemed to constitute a “change
in/of control” or any similar corporate transaction impacting the vesting or payment of any amounts or benefits for purposes of any Inland American Benefit Plan or Xenia Benefit Plan. Awards granted under the Inland American Real Estate Trust,
Inc. 2014 Share Unit Plan or the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan shall be treated according to the terms of the applicable plan and any award agreement thereunder. 

Section 2.3 Termination of Xenia Participation in Inland American Benefit Plans; Liability for Benefit Plans and Individual Agreements. 

(a) Except as otherwise expressly provided for in this Agreement (including with respect to participation in any Inland American Equity Plan)
or as otherwise expressly agreed to in writing between the Parties, effective as of the Effective Time, (i) Xenia and each other Xenia Entity shall cease to be a Participating Company in each Inland American Benefit Plan (to the extent any such
Xenia Entity was such a Participating Company as of immediately prior to the Distribution), and (ii) each Xenia Participant shall cease to participate in, be covered by, accrue benefits under or be eligible to contribute to any Inland American
Benefit Plan (to the extent any such Xenia Participant so participated in any Inland American Benefit Plan as of immediately prior to the Distribution), and, in each case, Inland American and Xenia shall take all necessary action prior to the
Effective Time to effectuate each such cessation. 
 (b) Effective as of the Effective Time, (A) Inland American and/or the other
Inland American Entities shall be solely liable for, and no Xenia Entity shall have any obligation or Liability under, any Inland American Benefit Plan or Inland American Individual Agreement, and (B) except to the extent provided in
Section 3.1 below, Xenia and/or the other Xenia Entities shall be solely liable for, and no Inland American Entity shall have any obligation or Liability under, any Xenia Benefit Plan or any Xenia Individual Agreement. 

Section 2.4 Employment Law Liabilities. 

(a) Separate Employers. Subject to the provisions of ERISA and the Code, on and after the Distribution Date, each Inland American Entity
shall be a separate and independent employer from each Xenia Entity. 
 (b) Employment Litigation. Except as otherwise expressly
provided in this Agreement, (i) Xenia and/or the other Xenia Entities shall be solely liable for, and no Inland American Entity shall have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding
Xenia Employees, prospective Xenia Employees and/or Former Xenia Employees relating to, arising out of, or resulting from the prospective employment or service, actual employment or service and/or termination of employment or service, in any case,
of such individual(s) with any Inland American Entity or Xenia Entity, whether the basis for such claims arose before, as of, or after the Effective Time, and (ii) Inland American and/or the other Inland American Entities shall be solely liable
for, and no Xenia Entity shall have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding Inland American Employees, prospective Inland American Employees and/or Former Inland American Employees
relating to, arising out of, or resulting from the prospective employment or service, 

  
 7 

 
actual employment or service and/or termination of employment or service, in any case, of such individual(s) with any Inland American Entity or Xenia Entity, whether the basis for such claims
arose before, as of, or after the Effective Time. 
 Section 2.5 Service Recognition. 

(a) Pre-Distribution Service Credit. With respect to Xenia Participants, each Xenia Benefit Plan shall provide that all service, all
compensation and all other benefit-affecting determinations (including with respect to vesting) that, as of immediately prior to the Effective Time, were recognized under a corresponding Inland American Benefit Plan (or would have been recognized
under a corresponding Inland American Benefit Plan in which such Xenia Participant was eligible to participate immediately prior to the Effective Time, had such Xenia Participant actually participated in such corresponding Inland American Benefit
Plan) shall, as of immediately after the Effective Time or any subsequent effective date for such Xenia Benefit Plan, receive full recognition, credit and validity and be taken into account under such Xenia Benefit Plan to the same extent as credit
was (or would have been) recognized under such Inland American Benefit Plan, except (i) to the extent that duplication of benefits would result or (ii) for benefit accrual under any defined benefit pension plan. 

(b) Post-Distribution Service Credit. Except to the extent required by applicable Law, (i) no Inland American Entity shall be
obligated to recognize any service of a Xenia Employee after the Effective Time for any purpose under any Inland American Benefit Plan, and (ii) no Xenia Entity shall be obligated to recognize any service of an Inland American Employee after
the Effective Time for any purpose under any Xenia Benefit Plan; provided, however, that nothing herein shall prohibit any Inland American Entity or any Xenia Entity from recognizing such service. 

ARTICLE III 
 EQUITY
PLANS 
 Section 3.1 Inland American Equity Plans; Xenia Equity Plans. Following the Effective Time, except as set forth in the following
sentence, Xenia (acting directly or through any Xenia Entity) shall be responsible for any and all Liabilities and other obligations with respect to the Xenia Equity Plans and all awards granted thereunder, and Inland American (acting directly or
through any Inland American Entity) shall be responsible for any and all Liabilities and other obligations with respect to the Inland American Equity Plans and all awards granted thereunder. Notwithstanding the forgoing, Inland American shall be
responsible for any and all Liabilities and with respect to any awards granted to Inland American Employees prior to the Effective Time under the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan (the “Transaction Bonus
Awards”). To the extent that any Xenia Entity actually incurs any Liability with respect the Transaction Bonus Awards, Inland American shall reimburse Xenia for any such amounts. 

ARTICLE IV 

TAX-QUALIFIED DEFINED CONTRIBUTION PLAN 

Section 4.1 Inland American 401(k) Plan; Xenia 401(k) Plan. The Parties acknowledge and agree that, as of the Distribution Date, Xenia or another
Xenia Entity has established a defined 

  
 8 

 
contribution plan and trust solely for the benefit of eligible Xenia Participants (the “Xenia 401(k) Plan”). Xenia shall be responsible for taking all necessary, reasonable and
appropriate action to maintain and administer the Xenia 401(k) Plan so that it is qualified under Section 401(a) of the Code and the related trust thereunder is exempt under Section 501(a) of the Code. Following the Effective Time, Xenia
(acting directly or through any Xenia Entity) shall be responsible for any and all Liabilities and other obligations with respect to the Xenia 401(k) Plan, and Inland American (acting directly or through any Inland American Entity) shall be
responsible for any and all Liabilities and other obligations with respect to the Inland American 401(k) Plan. 
 Section 4.2 Transfer of Xenia
401(k) Plan Assets. As soon as practicable following the Distribution Date (or such later time as mutually agreed by the Parties), Inland American shall cause the accounts (including any promissory notes related to outstanding participant loans)
in the Inland American 401(k) Plan attributable to eligible Xenia Participants and their beneficiaries and alternate payees and any Inland American Participants who are Former Xenia Employees and their beneficiaries and alternate payees, if any, and
all of the assets in the Inland American 401(k) Plan related thereto to be transferred to the Xenia 401(k) Plan, and Xenia shall cause the Xenia 401(k) Plan to accept such transfer of accounts, promissory notes and underlying assets and, effective
as of the date of such transfer, to assume and to fully perform, pay and discharge, all obligations relating to the accounts of Xenia Participants (to the extent the assets related to those accounts are actually transferred from the Inland American
401(k) Plan to the Xenia 401(k) Plan). 
 Section 4.3 No Distributions. No distribution of account balances shall be made to any Xenia
Participant solely on account of the transfers from the Inland American 401(k) Plan described in Section 4.2 above. 
 Section 4.4
Regulatory Filings. In connection with the transfer of assets and Liabilities from the Inland American 401(k) Plan to the Xenia 401(k) Plan contemplated in this Article IV, Inland American and Xenia (each acting directly or through any
Inland American Entity or the Xenia Entity, as applicable) shall cooperate in making any and all appropriate filings required by the IRS, or required under the Code, ERISA or any applicable regulations, and shall take all such action as may be
necessary and appropriate to cause such plan-to-plan transfer to take place as soon as practicable after the effectiveness of the Xenia 401(k) Plan; provided,
however, that Xenia shall be solely responsible for complying with any requirements and applying for any IRS determination letters with respect to the Xenia 401(k) Plan. 

ARTICLE V 
 HEALTH AND
WELFARE PLANS; WORKERS’ COMPENSATION 
 Section 5.1 Xenia Health and Welfare Plans. As of the Distribution Date, Xenia or one or more
Xenia Subsidiaries maintains each of the health and welfare plans set forth on Exhibit B hereto (the “Xenia Health and Welfare Plans”) for the benefit of eligible employees of the Xenia Entities and their dependents and
beneficiaries, each of which shall remain in effect immediately following the Distribution. In addition, as of the Distribution Date, Inland American or one or more of the Inland American Entities maintains each of the health and welfare plans set
forth on Exhibit A hereto (the “Inland American Health and Welfare Plans”). 

  
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 Section 5.2 Cafeteria Plan. As the Distribution Date, Xenia or one or more Xenia Subsidiaries
maintains the Xenia Cafeteria Plan for the benefit of eligible employees of the Xenia Entities. Following the Effective Time, Xenia (acting directly or through any Xenia Entity) shall be responsible for any and all Liabilities and other obligations
with respect to the Xenia Cafeteria Plan, and Inland American (acting directly or through any Inland American Entity) shall be responsible for any and all Liabilities and other obligations with respect to the Inland American Cafeteria Plan.
Notwithstanding the forgoing, Inland American shall continue to administer the Inland American Cafeteria Plan with respect to the plan year ending December 31, 2014, including with respect to Xenia Employees and Former Xenia Employees who
participated in the Inland American Cafeteria Plan during such plan year. 
 Section 5.3 COBRA and HIPAA. 

(a) Xenia (acting directly or through any other Xenia Entity) and the Xenia Health and Welfare Plans shall be solely responsible for compliance
with the health care continuation coverage requirements of COBRA with respect to all Xenia Participants (and their respective dependents and beneficiaries), in each case, who experience a COBRA qualifying event on or after the first date on which
such individual qualifies as a Xenia Participant. Inland American (acting directly or through any other Inland American Entity) and the Inland American Health and Welfare Plans shall be solely responsible for compliance with the health care
continuation coverage requirements of COBRA with respect to each individual who is an Inland American Participant (or a dependent or beneficiary thereof) at the time such individual experiences a COBRA qualifying event, provided that Xenia shall
reimburse Inland American to the extent of any Liability actually incurred by an Inland American Entity with respect thereto relating to an Inland American Participant who is a Former Xenia Employee. Neither the consummation of the Distribution, any
transfer of employment contemplated hereby, or any related transactions or events contemplated by the Separation Agreement, this Agreement or any other Ancillary Agreement shall constitute a COBRA qualifying event for purposes of COBRA with respect
to any Inland American Participant or any Xenia Participant (or any dependent or beneficiary thereof). 
 (b) Xenia (acting directly or
through any other Xenia Entity) shall be responsible for compliance with any certificate of creditable coverage or other applicable requirements of HIPAA or Medicare applicable to the Xenia Health and Welfare Plans with respect to Xenia
Participants. Inland American (acting directly or through any other Inland American Entity) shall be responsible for compliance with any certificate of creditable coverage or other applicable requirements of HIPAA or Medicare applicable to the
Inland American Health and Welfare Plans with respect to Inland American Participants. 
 Section 5.4 Inland American to Provide Information. To
the extent permitted by Law, Inland American or the relevant Inland American Health and Welfare Plan shall provide to Xenia or the relevant Xenia Health and Welfare Plan (to the extent that relevant information is in Inland American’s
possession) such data as may be necessary for Xenia to comply with its obligations hereunder, which may include the names of Xenia Participants who were participants in or otherwise entitled to benefits under the Inland American Health and Welfare
Plans prior to the Distribution, together with each such individual’s service credit under such plans, information concerning each such individual’s current plan-year expenses incurred towards deductibles,

  
 10 

 
out-of-pocket limits and co-payments, maximum benefit payments, and any benefit usage towards plan limits
thereunder. Inland American shall, as soon as practicable after requested, provide Xenia with such additional information that is in Inland American’s possession (and not already in the possession of a Xenia Entity) as may be reasonably
requested by Xenia and necessary to administer effectively any Xenia Health and Welfare Plan. Inland American and each Xenia Entity shall enter into such other agreements as are necessary to comply with this Section 5.4, including, but
not limited to, any agreements required by HIPAA. 
 Section 5.5 Liabilities. 

(a) Insured Benefits. With respect to employee welfare and fringe benefits that are provided through the purchase of insurance, Inland
American shall, with respect to Xenia Participants who participated in such Inland American Health and Welfare Plans, cause the Inland American Health and Welfare Plans to, through such insurance policies, pay and discharge all eligible claims of
Xenia Participants that are incurred prior to the termination of such Xenia Participants’ participation in the applicable Inland American Health and Welfare Plan, and Xenia shall cause the Xenia Health and Welfare Plans to, through such
insurance policies, pay and discharge all eligible claims of Xenia Participants that are incurred on or after enrollment of such Xenia Participants in the Xenia Health and Welfare Plans (it being understood that neither Inland American Health and
Welfare Plans nor Xenia Health and Welfare Plans shall be responsible for any claims that arise following the claimant’s termination of participation in the applicable Inland American Health and Welfare Plan if the claimant does not validly
enroll in an applicable Xenia Health and Welfare Plan). 
 (b) Short-Term and Long-Term Disability Benefits. For the avoidance of
doubt, with respect to any Xenia Employee who becomes entitled to receive long-term or short-term disability benefits prior to the Effective Time, such Xenia Employee shall be transferred to, and shall receive any long-term or short-term disability
benefits to which such Xenia Employee is entitled under, the Xenia Health and Welfare Plans as of the Effective Time in accordance with the terms of such plans. 

(c) Incurred Claim Definition. For purposes of this Article V, a claim or Liability shall generally be deemed to be incurred
(i) with respect to medical, dental, vision, and/or prescription drug benefits, on the date that the health services giving rise to such claim or Liability are rendered or performed and not when such claim is made; provided,
however that with respect to a period of continuous hospitalization, a claim is incurred upon the first date of such hospitalization and not on the date that such services are performed and (ii) with respect to life insurance, accidental
death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability. 

(d) Accrued Paid-Time-Off. Following the Effective Time, (i) Xenia shall (directly or through another Xenia Entity) recognize and
honor the Accrued PTO credited to each Xenia Employee by such individual’s employer immediately prior to the Effective Time and (ii) Inland American shall (directly or through another Inland American Entity) recognize and honor the Accrued
PTO credited to each Inland American Employee by such individual’s employer immediately prior to the Effective Time. Notwithstanding the foregoing, (x) all Accrued PTO shall be used in accordance with the terms and conditions of the
post-Distribution employer’s applicable 

  
 11 

 
policies and programs, to the extent permissible by law, and (y) any paid-time-off accruals in respect of post-Distribution services (if any) shall be made in accordance with the terms and
conditions of the post-Distribution employer’s applicable policies and programs (except to the extent otherwise provided in an applicable Inland American Individual Agreement or Xenia Individual Agreement). 

Section 5.6 Workers’ Compensation Liabilities. All workers’ compensation Liabilities relating to, arising out of, or resulting from any
claim by an Inland American Employee or Former Inland American Employee that results from an accident occurring, or from an occupational disease which becomes manifest (collectively, “Workers’ Comp Liabilities”) before, as of
or after the Effective Time, shall be retained by and be obligations of Inland American or its insurers. All Workers’ Comp Liabilities relating to, arising out of, or resulting from any claim by a Xenia Employee or Former Xenia Employee that
arises or manifests prior to the date on which such Xenia Employee or Former Xenia Employee was covered by an applicable workers’ compensation insurance program maintained by a Xenia Entity shall be obligations of Inland American and its
insurers, provided that Xenia shall reimburse Inland American to the extent of any such Workers’ Comp Liability actually incurred by an Inland American Entity. All Workers’ Comp Liabilities relating to, arising out of, or resulting from
any claim by a Xenia Employee or Former Xenia Employee that arises or manifests on or after the date on which such Xenia Employee or Former Xenia Employee was covered under a workers’ compensation insurance program maintained by a Xenia Entity
shall be obligations of Xenia and its insurers. For purposes of this Agreement, a compensable injury giving rise to a Workers’ Comp Liability shall be deemed to be sustained upon the occurrence of the event giving rise to eligibility for
workers’ compensation benefits or at the time that an occupational disease becomes manifest, as the case may be. Each Inland American Entity and each Xenia Entity shall cooperate with respect to any notification to appropriate Governmental
Authorities of the effective time and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts. 

ARTICLE VI 
 INCENTIVE
COMPENSATION 
 Section 6.1 Xenia Cash Incentive Plans and Liabilities. Following the Effective Time, Xenia shall assume or retain, as
applicable, responsibility for any and all payments, obligations and other Liabilities relating to any amounts that any Xenia Employee has either earned (if not payable by its terms prior to the Effective Time) or become eligible to earn, in either
case, as of the Effective Time under any cash incentive, annual performance bonus, commission and similar cash plan or program maintained by Inland American in which one or more Xenia Employees is eligible to participate as of immediately prior to
the Effective Time (excluding, for the avoidance of doubt, any such plans maintained by a Xenia Entity that are not Inland American Benefit Plans) (the “Inland American Cash Incentive Plans”), and shall fully perform, pay and
discharge the foregoing if and when such payments, obligations and/or other Liabilities become due. Inland American shall have no Liability for any payments, obligations or other Liabilities relating to any Xenia Employee with respect to any Inland
American Cash Incentive Plan after the Effective Time. Following the Effective Time, the Xenia Entities shall be solely responsible for, and no Inland American Entities shall have any obligation or Liability with respect to, any and all payments,
obligations and other Liabilities under any cash incentive, annual performance bonus, commission and similar cash plan or program maintained by Xenia, and shall fully perform, pay and discharge the forgoing if and when such payments, obligations
and/or other Liabilities become due. 

  
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 Section 6.2 Inland American Retention of Cash Incentive Liabilities. Following the Effective Time,
the Inland American Entities shall be solely liable for, and no Xenia Entity shall have any obligation or Liability with respect to, any and all payments, obligations and other Liabilities relating to any awards that any Inland American Employee has
earned or is eligible to earn under the Inland American Cash Incentive Plans and shall fully perform, pay and discharge the foregoing if and when such payments, obligations and/or other Liabilities become due. 

ARTICLE VII 
 PAYROLL
REPORTING AND WITHHOLDING 
 Section 7.1 Form W-2 Reporting. Inland American and Xenia shall, and shall cause the other Inland American
Entities and the other Xenia Entities to, respectively, take such action as may be reasonably necessary or appropriate in order to minimize Liabilities related to payroll taxes after the Effective Time. Inland American and Xenia shall, and shall
cause the other Inland American Entities and the other Xenia Entities to, respectively, each bear its responsibility for payroll tax obligations and for the proper reporting to the appropriate governmental authorities of compensation earned by their
respective employees after the Effective Time. 
 Section 7.2 Garnishments, Tax Levies, Child Support Orders, and Wage Assignments. With respect
to garnishments, tax levies, child support orders, and wage assignments in effect with Inland American (or any other Inland American Entity) as of the Distribution Date for any Xenia Employee or Former Xenia Employee, Xenia (and any other employing
Xenia Entity), as appropriate, shall honor such payroll deduction authorizations and shall continue to make payroll deductions and payments to the authorized payee, as specified by the court or governmental order which was on file with Inland
American as of immediately prior to the Distribution Date. Inland American shall, as soon as practicable after the Distribution Date, provide Xenia (and any other employing Xenia Entity), as appropriate, with such information in Inland
American’s possession (and not already in the possession of a Xenia Entity) as may be reasonably requested by the Xenia Entities and necessary for the Xenia Entities to make the payroll deductions and payments to the authorized payee as
required by this Section 7.2. 
 Section 7.3 Authorizations for Payroll Deductions. Unless otherwise prohibited by a Benefit Plan or
by this Agreement or another Ancillary Agreement or by applicable Law, Xenia and the other Xenia Entities, as appropriate, shall honor payroll deduction authorizations attributable to any Xenia Employee that are in effect with any Inland American
Entity on the Distribution Date relating to such Xenia Employee, and shall not require that such Xenia Employee submit a new authorization to the extent that the type of deduction by Xenia or any other Xenia Entity, as appropriate, does not differ
from that made by the Inland American Entity. Such deduction types include: pre-tax (in accordance with Section 125 of the Code) contributions to any Xenia Benefit Plan, including any voluntary benefit plan; scheduled loan repayments to any
Xenia Benefit Plan; and direct deposit of payroll, employee relocation loans, and other types of authorized company receivables usually collectible through payroll deductions. Each Party shall, as soon as practicable after the Distribution Date,
provide the other Party with such information in its possession as may be reasonably requested by the other Party and as necessary for that Party to honor the payroll deduction authorizations contemplated by this Section 7.3. 

  
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 ARTICLE VIII 

INDEMNIFICATION 
 Section 8.1
General Indemnification. The indemnification rights and obligations of the Parties under this Agreement shall be governed by, and be subject to, the provisions of Article IX of the Separation Agreement, which provisions are hereby
incorporated by reference into this Agreement. 
 ARTICLE IX 

GENERAL AND ADMINISTRATIVE 

Section 9.1 Business Associate Agreements. The Parties hereby agree to enter into any business associate agreements that may be required for the
sharing of any information pursuant to this Agreement to comply with the requirements of HIPAA. 
 Section 9.2 Reasonable Efforts/Cooperation.
Each Party shall use its commercially reasonable efforts to promptly take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws to consummate the transactions contemplated
by this Agreement, including adopting Benefit Plans and/or Benefit Plan amendments. Without limiting the generality of the foregoing, each of the Parties shall reasonably cooperate in all respects with regard to all matters relating to the
transactions contemplated by this Agreement for which the other Party seeks a determination letter or private letter ruling from the IRS, an advisory opinion from the DOL or any other filing, consent or approval with respect to or by a Governmental
Authority. 
 Section 9.3 Employer Rights. Except as expressly provided for in Article V, nothing in this Agreement shall
(a) prohibit any Xenia Entity from amending, modifying or terminating any Xenia Benefit Plan or Xenia Individual Agreement at any time, subject to the terms and conditions thereof, or (b) prohibit any Inland American Entity from amending,
modifying or terminating any Inland American Benefit Plan or any Inland American Individual Agreement at any time, subject to the terms and conditions thereof. In addition, nothing in this Agreement shall be interpreted as an amendment or other
modification of any Benefit Plan. 
 Section 9.4 Effect on Employment. Without limiting any other provision of this Agreement, none of the
Distribution or any actions taken in furtherance of the Distribution, whether under the Separation Agreement, this Agreement, any other Ancillary Agreement or otherwise, in any case, shall in and of itself cause any employee to be deemed to have
incurred a termination of employment or service or, except as expressly provided in this Agreement, to entitle such individual to any payments or benefits under any Benefit Plan or otherwise. Furthermore, nothing in this Agreement is intended to or
shall confer upon any Inland American Employee, Former Inland American Employee, Xenia Employee or Former Xenia Employee any right to continued employment or service, or any recall or similar rights to an individual on layoff or any type of approved
leave. 

  
 14 

 Section 9.5 Consent Of Third Parties. If any provision of this Agreement is dependent on the consent
or action of any third party, the Parties hereto shall use their commercially reasonable efforts to obtain such consent or cause such action. If such consent is withheld or such action is not taken, the Parties hereto shall use their commercially
reasonable efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If any provision of this Agreement cannot be implemented due to the failure of such third party to consent or take action, the Parties
hereto shall negotiate in good faith to implement the provision in a mutually satisfactory alternative manner. 
 Section 9.6 Beneficiary
Designation/Release Of Information/Right To Reimbursement. Without limiting any other provision hereof, to the extent permitted by applicable Law and except as otherwise provided for in this Agreement, all beneficiary designations,
authorizations for the release of information and rights to reimbursement made by or relating to Xenia Participants under Inland American Benefit Plans and in effect immediately prior to the Effective Time shall be transferred to and be in full
force and effect under the corresponding Xenia Benefit Plans until such beneficiary designations, authorizations or rights are replaced or revoked by, or no longer apply to, the relevant Xenia Participant. 

Section 9.7 Compliance. As of the Distribution Date, Xenia (acting directly or through any Xenia Entity) shall be solely responsible for
compliance under ERISA with respect to each Xenia Benefit Plan. 
 ARTICLE X 

MISCELLANEOUS 
 Section 10.1
Non-Occurrence of Distribution. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Effective Time, all actions and events that are, under this Agreement, to be taken or occur
effective prior to, as of or following the Effective Time, or otherwise in connection with the Separation, shall not be taken or occur, except to the extent otherwise determined by Inland American. 

Section 10.2 Section 409A. Notwithstanding anything in this Agreement to the contrary, with respect to any compensation or benefits that may
be subject to Section 409A of the Code and related Department of Treasury guidance thereunder, the Parties agree to negotiate in good faith regarding any treatment different from that otherwise provided herein to the extent necessary or
appropriate to (a) exempt such compensation and benefits from Section 409A of the Code, (b) comply with the requirements of Section 409A of the Code, and/or (c) otherwise avoid the imposition of tax under Section 409A
of the Code; provided, however, that this Section 10.2 does not create an obligation on the part of either Party to adopt any amendment, policy or procedure, to take any other action or to indemnify any Person for any
failure to do any of the foregoing. 
 Section 10.3 Entire Agreement. This Agreement and the Exhibits referenced herein and attached hereto, as
well as the Separation Agreement and any other agreements and documents referred to herein or therein, constitute the entire agreement between the Parties with respect to the subject matter hereof, and supersede all previous agreements,
negotiations, discussions, understandings, writings, commitments and conversations between the Parties with respect to such subject matter. No agreements or understandings exist between the Parties with respect to the subject matter hereof other
than those set forth or referred to herein. 

  
 15 

 Section 10.4 Counterparts; Electronic Delivery. This Agreement may be executed in one or more
counterparts, each of which, when so executed and delivered or transmitted by facsimile, e-mail or other electronic means, shall be deemed to be an original, and all of which taken together shall constitute but one and the same instrument. Execution
and delivery of this Agreement or any other documents pursuant to this Agreement by facsimile or other electronic means shall be deemed to be, and shall have the same legal effect as, execution by an original signature and delivery in person. 

Section 10.5 Survival of Agreements. Except as otherwise expressly contemplated by this Agreement, all covenants and agreements of the Parties
contained in this Agreement shall survive the Effective Time and remain in full force and effect in accordance with their applicable terms. 

Section 10.6 Notices. All notices, demands and other communications required to be given to a Party hereunder shall be in writing and shall be
personally delivered, sent by a nationally recognized overnight courier, or mailed by registered or certified mail (postage prepaid, return receipt requested) to such Party at the relevant street address set forth below (or at such other street
address as such Party may designate from time to time by written notice in accordance with this provision): 
 To Inland American: 

Inland American Real Estate Trust, Inc. 

2809 Butterfield Road 
 Oak Brook,
Illinois 60523 
 Attention: President and Chief Executive Officer 

To Xenia: 
 Xenia
Hotels & Resorts, Inc. 
 200 S. Orange Avenue, Suite 1200 

Orlando, Florida 32801 

Attention: President and Chief Executive Officer 

Notice by courier or certified or registered mail shall be effective on the date it is officially recorded as delivered to the intended
recipient by return receipt or similar acknowledgment. All notices and communications delivered in person shall be deemed to have been delivered to and received by the addressee, and shall be effective, on the date of personal delivery. 

(a) Waivers. Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the Party or
the Parties entitled to the benefit thereof. Any such waiver shall be validly and sufficiently given for the purposes of this Agreement if, as to any Party, it is executed by a writing signed by an authorized representative of such Party. Waiver by
any Party of any default by the other Party of any provision of this Agreement shall not be construed to be a waiver by the waiving Party of any subsequent or other default, nor shall it in any 

  
 16 

 
way affect the validity of this Agreement or prejudice the rights of the other Party, thereafter, to enforce each and every such provision. No failure or delay by any Party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof, or the exercise of any other right, power or privilege. The rights and remedies
hereunder are cumulative and not exclusive of any rights or remedies that either Party would otherwise have. 
 Section 10.7 Amendments. Subject
to the terms of Sections 10.9, this Agreement may not be amended except by an agreement in writing signed by both Parties. 
 Section 10.8
Assignment; Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their successors and permitted assigns; provided, however, that the rights and obligations of each Party under this
Agreement shall not be assignable, in whole or in part, directly or indirectly, whether by operation of law or otherwise, by such Party without the prior written consent of the other Party and any attempt to assign any rights or obligations under
this Agreement without such consent shall be null and void. Notwithstanding the foregoing, no consent shall be required for the assignment of a Party’s rights and obligations under this Agreement in whole in connection with a change of control
of a Party so long as the resulting, surviving or transferee Person assumes all of the obligations of the relevant Party thereto by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the other Party. 

Section 10.9 Termination. Upon written notice, this Agreement may be terminated at any time prior to the Effective Time by and in the sole
discretion of Inland American without the approval of any other Party. In the event of such termination, neither Party shall have any Liability any kind to the other Party. 

Section 10.10 Performance. Each of Inland American with respect to the Inland American Entities and Xenia with respect to the Xenia Entities shall
cause to be performed, and hereby guarantees the performance of, and all actions, agreements and obligations set forth in this Agreement by such Persons. 

Section 10.11 No Third-Party Beneficiaries. Except as otherwise expressly provided in this Agreement, this Agreement is for the sole benefit of
the Parties and their successors and assigns, and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this
Agreement. Without limiting the generality of the foregoing, in no event shall any Inland American Employee, Former Inland American Employee, Inland American Participant, Xenia Employee, Former Xenia Employee or Xenia Participant (or any dependent,
beneficiary or alternate payee of any of the foregoing) have any third-party rights under this Agreement. 
 Section 10.12 Title and Headings.
Titles and headings to Sections and Articles are inserted for the convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 

  
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 Section 10.13 Exhibits. The Exhibits attached hereto are incorporated herein by reference and shall
be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 
 Section 10.14
Governing Law. This Agreement, and the legal relations between the Parties hereto, shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflict of laws rules thereof, to the extent
such rules would require the application of the law of another jurisdiction. 
 Section 10.15 Dispute Resolution. The provisions of Sections
10.1 – 10.3 of the Separation Agreement shall apply, mutatis mutandis, to all disputes, controversies or claims (whether arising in contract, tort or otherwise) that may arise out of or relate to, or arise under or in
connection with this Agreement or the transactions contemplated hereby. 
 Section 10.16 Waiver of Jury Trial. EACH PARTY IRREVOCABLY AND
ABSOLUTELY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING BROUGHT BY A PARTY TO COMPEL THE DISPUTE RESOLUTION PROCEDURES PROVIDED IN SECTION 10.15 OF THIS AGREEMENT AND ARTICLE X OF THE SEPARATION AGREEMENT AND THE ENFORCEMENT
OF ANY AWARDS OR DECISION OBTAINED FROM SUCH ARBITRATION PROCEEDING, AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER. 

Section 10.17 Specific Performance. Subject to the provisions of Sections 10.1 – 10.3 of the Separation Agreement, from and
after the Distribution, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Parties agree that the Party to this Agreement who is or is to be thereby aggrieved shall
have the right to seek specific performance and injunctive or other equitable relief of its rights under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative.
The Parties agree that, from and after the Distribution, the remedies at Law for any breach or threatened breach of this Agreement, including monetary damages, may be inadequate compensation for any loss, that any defense in any action for specific
performance that a remedy at Law would be adequate is hereby waived, and that any requirements for the securing or posting of any bond with such remedy are hereby waived. 

Section 10.18 Severability. If any term or other provision of this Agreement or the Exhibits attached hereto or thereto is determined by a
nonappealable decision by a court, administrative agency or arbitrator to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the Transactions is not affected in any manner materially adverse to either Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being
enforced, the court, administrative agency or arbitrator shall interpret this Agreement so as to affect the original intent of the Parties as closely as possible in an acceptable manner to the end that the Transactions are fulfilled to the fullest
extent possible. If any sentence in this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only as broad as is enforceable. 

  
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 Section 10.19 Force Majeure. Neither Party (nor any Person acting on its behalf) shall have any
liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as, and to the extent to which, the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a
consequence of circumstances of Force Majeure; provided that such Party (or such Person) shall have exercised commercially reasonable efforts to minimize the effect of Force Majeure on its obligations. In the event of an occurrence of a Force
Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as reasonably practicable to the other stating the date and extent of such suspension and the cause thereof, and such Party shall resume the performance
of such obligations as soon as reasonably practicable after the removal of such cause. For purposes of this Agreement “Force Majeure” means with respect to a Party, an event beyond the control of such Party (or any Person acting on
its behalf), which by its nature could not have been reasonably foreseen by such Party (or such Person), or, if it could have been reasonably foreseen, was unavoidable, and includes acts of God, storms, floods, riots, fires, sabotage, civil
commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one or more acts of terrorism or failure of energy sources or
distribution facilities. Notwithstanding the foregoing, the receipt by a Party of an unsolicited takeover offer or other acquisition proposal, even if unforeseen or unavoidable, and such Party’s response thereto shall not be deemed an event of
Force Majeure. 
 Section 10.20 Construction. This Agreement shall be construed as if jointly drafted by the Parties and no rule of construction
strict interpretation shall be applied against either Party. The Parties represent that this Agreement is entered into with full consideration of any and all rights which the Parties may have. The Parties have conducted such investigations they
thought appropriate, and have consulted with such advisors as they deemed appropriate regarding this Agreement and their rights and asserted rights in connection therewith. The Parties are not relying upon any representations or statements made by
the other Party, or such other Party’s employees, agents, representatives or attorneys, regarding this Agreement, except to the extent such representations are expressly set forth or incorporated in this Agreement. The Parties are not relying
upon a legal duty, if one exists, on the part of the other Party (or such other Party’s employees, agents, representatives or attorneys) to disclose any information in connection with the execution of this Agreement or their preparation, it
being expressly understood that neither Party shall ever assert any failure to disclose information on the part of the other Party as a ground for challenging this Agreement. 

Section 10.21 Limited Liability. Notwithstanding any other provision of this Agreement, no individual who is a shareholder, director, employee,
officer, agent or representative of Inland American or Xenia, in such individual’s capacity as such, shall have any liability in respect of or relating to the covenants or obligations of Inland American or Xenia, as applicable, under this
Agreement and, to the fullest extent legally permissible, each of Inland American, for itself and the Inland American Entities, and Xenia for itself and the Xenia Entities, and in each case, for their respective shareholders, directors, employees
and officers, waives and agrees not to seek to assert or enforce any such liability that any such Person otherwise might have pursuant to applicable law. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective
officers as of the date first set forth above. 
  

			
	INLAND AMERICAN REAL ESTATE TRUST, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	XENIA HOTELS & RESORTS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

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