Document:

EX-10.87

 Exhibit 10.87 

EMPLOYMENT AGREEMENT 
 This Employment Agreement
(hereinafter referred to as the “Agreement”) is made by and between the following parties: 
 Party A: Beijing Sogou Technology Development
Co., Ltd, a PRC corporation, and 
 Party B: Xiaochuan Wang, an individual. 

NOW THEFEFORE, the above parties have entered into this Agreement upon equal negotiation for their joint observance according to the Labor Law of the
People’s Republic of China, the Employment Contract Law of the People’s Republic of China and other applicable laws and regulations. 
  

	1.	Type and Term 

  

	1.1	This Agreement is an open-ended employment agreement. 

  

	1.2	The term of this Agreement starts from November 30, 2012, and ends when Party B reaches the age of retirement, or when other mandatory circumstances for termination occur. 

 

	2.	Work Content and Place 

  

	2.1	When signing this Agreement, the title or position of Party B is CEO, and the work place is in Beijing. During the term hereof, Party A may adjust the above position or place based on its needs of
operation or work, or Party B’s competence and performance. The above adjustment includes any change of Party B’s work content or place, promotion, lateral move, and demotion, and also includes any change of work content, responsibility or
scope, while the title or position remains the same. 

  

	2.2	Party B shall complete the work assignment meeting the specified quantity, quality and indicator according to Party A’s requirements for corresponding position, work, assignment and responsibility. During work,
Party B may not act beyond the powers authorized by Party A. 

  

	 	(1)	Party B shall comply with the Constitution and other laws and regulations of China, and shall be devoted to his or her duty, work diligently, and perform the duties of his or her position; 

 

	 	(2)	During work, Party B shall ensure that his or her work meets the standards of duties of his or her position specified by Party A. Meanwhile, if required by work, Party B shall further complete any ad hoc assignment
other than the duties of his or her position arranged by Party A. 

  

	 	(3)	Party B shall maintain Party A’s trade secrets confidential, and may not use such trade secrets to seek improper economic benefit for herself or for other economic organizations or individuals. 

	3.	Working Hours; Rest and Vacation 

  

	3.1	Upon execution of this Agreement, Party B’s working hours shall be governed by one of the three ways based on the characteristics of his or her work: 

 

	 	(1)	Where the standard working system is applied, the daily working hours of Party B shall not exceed 8, and the weekly working hours shall not exceed 40. 

 

	 	(2)	Where the comprehensive working hour system is applied, the average working hours shall not exceed the statutory standard working hours. 

 

	 	(3)	Where the flexible working hour system is applied, Party B’s working hours shall be flexible, provided that he or she shall complete the work task assigned by Party A. 

 

	3.2	Party B may enjoy the following statutory holidays: (1) New Year’s Day; (2) Spring Festival; (3) International Labor Day; (4) National Day; (5) Qingming Festival; (6) Mid-autumn Festival; (7) other holidays specified by laws and regulations. 

  

	3.3	If required by work, Party A may arrange Party B to work overtime, including arranging Party B to work on public holidays and statutory holidays, and shall make overtime pay or arrange deferred holidays.

  

	3.4	If Party B extends his or her working hours for failing to complete any work task, or without Party A’s request or approval, he or she may not request Party A to pay for such additional working hours.

  

	4.	Compensation 

  

	4.1	The compensation payable to Party B is set forth in the offer or notice of adjustment of position/salary sent by Party A to Party B. 

 

	4.2	During the statutory working hours, if Party B completes the specified work task, Party A shall pay salary to Party B on the payment date specified by the company in cash, by wire transfer or in other ways Party B deems
appropriate. The salary paid by Party A according to Article 4.1 hereof has included various subsidies and allowances specified by the State or the government, which includes but not limited to travel allowance, allowance for separate household
heating for residential clean energy, and other subsidies or allowances. 

  

	4.3	Party A may adjust Party B’s salary according to Party B’s performance, the adjustment of Party B’s position (or work content), or Party A’s internal policies or rules and regulations regarding
salary. The adjustment includes increase or decrease of the salary standards of Party B. 

  

	4.4	Where Party B’s is sick or suffers non-work-related injury, the medical period and relevant salary for sick leave, sickness benefit, and medical treatment shall be governed
by relevant provisions of the local government and Party A’s rules and regulations. If the local government does not formulate any specific provisions relating to sick pay, and Party B does not approve the above rules and regulations of Party
A, the standard of sick pay for Party B shall be 80% of the minimum salary standard provided for by the local government of Party B’s place. 

  

	4.5	Party A may deduct part of the salary, other compensation or reimbursement of Party B, to offset any amount and/or other taxes payable according to laws or regulations (e.g., individual income tax) and expenses, and/or
for other lawful purposes. 

	4.6	To keep confidential the salary and income of Party B and other employees, Party B agrees that Party A shall apply the confidential salary system in the company, and Party B agrees to comply with the system. If Party B
discloses the amount of salary, or becomes aware of other’s salary through any improper channel, he or she is willing to accept the penalties set forth in the system. 

 

	5.	Social Insurances and Other Benefits 

  

	5.1	The parties hereto shall maintain the insurances for endowment, unemployment, medical care, work-related injury and other social insurances. Party A shall withhold and pay to relevant taxation authority the part of
insurance premium payable by Party B from his or her salary. 

 Party B shall promptly submit the valid certificates to Party A
for going through the formalities of social insurances and housing provident fund. If any consequence arises due to Party B’s delay in submission, Party B shall take corresponding liabilities. 

 

	5.2	If Party B suffers any work-related injury or occupational sickness, his or her work-related injury treatment shall be governed by relevant provisions of the State and the local government of Party B’s place.

  

	5.3	The treatment of Party B for pregnancy period, perinatal period and lactation period shall be governed by relevant policies of the local government for maternity insurance. 

 

	5.4	Party A may decide whether to pay bonus to its employees based on the operating performance. If it decides to pay bonus, the bonus will be only award to the employee who has completed the assignment and made additional
contribution (subject to performance review). Therefore, if the employment agreement between the parties hereto is rescinded or terminated before the performance review, Party B shall not be entitled to the above bonus. 

 

	6.	Labor Discipline; Rules and Regulations 

  

	6.1	Party A will formulate rules and regulations and labor disciplines according to law, based on its needs of operation. Party B shall follow Party A’s arrangement of work, strictly comply with the national laws and
regulations and the rules and regulations, labor disciplines and work rules formulated by Party A according to law, take good care of Party A’s properties, observe professional ethics, and actively participate the training organized by Party A
to promote his or her professional skills. 

  

	6.2	Where Party B violates Party A’s labor discipline or rules and regulations, Party A is entitled to handle the violation according to its rules and regulations, including but not limited to imposing corresponding
disciplinary sanctions and economic punishment etc., up to termination of this Agreement. 

  

	6.3	Where Party A suffers any loss due to Party B’s fault or violation, Party A is entitled to request for economic compensation from Party B, and to seek Party B’s liabilities according to law. 

	6.4	Party A is entitled to reasonably amend its rules and regulations from time to time based on its needs of operation and management, and may notify Party B thereof in any ways it deems appropriate, including but not
limited to notification, announcement, email, memorandum and employee handbook etc. 

  

	6.5	If Party B has any dissatisfaction or opinion of Party A, he or she may resolve such issue through complaint procedure, and may not express such dissatisfaction or opinion in any way that affects the company’s
operation or unity of colleagues. 

  

	7.	Labor Protection, Working Conditions and Prevention of Occupational Hazards 

  

	7.1	Party A shall provide the required labor conditions and tools to Party B, and shall strictly perform the provisions of the State relating to labor safety, labor protection and occupational health. Moreover, Party A
shall actively assist with Party B’s work, provide corresponding conditions for his or her performance of the obligations hereunder, and comply with this Agreement and Party A’s internal rules and regulations. 

 

	7.2	Party A shall establish and complete the accountability system of prevention and treatment of occupational disease, strengthen the management of occupational disease, and promote the level of such prevention and
treatment. 

  

	8.	Rescission and Termination 

  

	8.1	The parties hereto shall rescind, terminate or renew this Agreement according to the Employment Contract Law of the People’s Republic of China and relevant regulations of the State and local government.

  

	8.2	If Party A is required to pay economic compensation to Party B for rescinding or terminating this Agreement according to law, the payment standard shall be governed by relevant provisions of the Employment Contract Law
of the People’s Republic of China. 

  

	8.3	When this Agreement is rescinded or terminated, or expires, Party B shall immediately stop all activities in the name of Party A, complete the unsettled matters as requested by Party A, settle all accounts, and return
Party A’s properties on the date of such termination, rescission and expiration, including but not limited to: 

  

	 	(1)	All documents, files and copies thereof relating to Party A and its management, operation and product, which are kept, used or controlled by Party B; 

 

	 	(2)	The name list and information of Party A’s suppliers, clients and other contact entities and individuals; 

  

	 	(3)	The software, disk, hardware and CDs containing Party A’s information and data; and 

  

	 	(4)	The tools, instruments, equipment and other office supplies provided by Party A for Party B’s work. 

  

	8.4	When this Agreement is rescinded or terminated, Party B shall hand over his or her work promptly and completely according to Party A’s procedure. Where Party A is required to pay economic compensation to Party B
according to law, it shall pay after Party B completes the handover. 

	8.5	Where this Agreement is rescinded or terminated, Party A shall issue certificate of rescission or termination, and transfer Party B’s files and social insurances according to law. 

 

	9.	Protection of Trade Secrets and Intellectual Properties 

  

	9.1	“Trade Secrets” means the practical information and operating information which is owned or kept confidential by the company, not available to the public, and restricted by the company by taking measures, and
can bring economic benefit to the company, including but not limited to any tangible or intangible information or materials known by the employees through or due to their employment with the company, such as the information of investment and
financing, know-how, marketing strategy, name list of clients, partners and details of cooperation, the financial information and market information, the future business plans and the information of
intellectual properties etc. 

  

	9.2	Party B shall comply with Party A’s rules and regulations of confidentiality, and shall not directly or indirectly disclose any trade secrets of Party A to any third party. Party B shall not use, or permit any
third party to use, the trade secrets of Party A. Party B shall assume the confidentiality obligations, regardless whether he or she is employed by Party A. 

  

	9.3	Where Party B violates the confidentiality obligations under this Agreement or any confidentiality agreement otherwise entered into, and causes loss to Party A, he or she shall compensate Party A according to relevant
provisions of the Anti-Unfair-Competition Law of the People’s Republic of China, and the agreement between the parties hereto. 

  

	9.4	Where Party B is not clear of the nature and degree of secrecy of any trade secret, he or she shall confirm actively with his or her supervisor. 

 

	9.5	Where both parties hereto sign a separate non-competition agreement, the agreement shall constitute an integral part hereof. Both parties shall conform to the provisions thereof.

  

	9.6	Party B acknowledges that any works, researches, creations and inventions, and other intellectual properties relating to his or her position completed during his or her employment with Party A through/using the
company’s assets, materials, or site, whether developed at present or in the future, including but not limited to works (texts, pictures, animations or other forms), trademarks (expressed by characters, graphs, or their combinations), patents
(whether having applied or being applying for registration), software, disclosed or undisclosed know-how, and other statutory rights, shall be owned by Party A. Party B undertakes that he or she will use his
or her best efforts to cooperate with Party B, and help Party B obtain complete rights and maintain its lawful rights and interests. 

  

	10.	Labor Dispute 

 Where any dispute arises between the parties relating to this Agreement, both parties
shall first negotiate to resolve such dispute. If negotiation fails, either party may apply for arbitration to the competent labor dispute arbitration commission at the place of Party A. If either party objects to the award of the commission, it may
file a lawsuit to the people’s court of first instance at the place of Party A. 

	11.	Additional Provisions 

 The parties hereto agree to add the following provisions to this Agreement: 

None. 
  

	12.	Miscellaneous Provisions 

  

	12.1	This Agreement is written in Chinese in duplicate, and each party holds one copy. 

  

	12.2	This Agreement constitutes the entire agreement between the parties hereto relating to the subject matter hereof, and supersedes all prior unfulfilled employment agreement and related agreements and understandings
between the parties. The unfulfilled employment agreement between the parties shall become void, and the rights and obligations relating to the employment between the parties shall be subject to this Agreement, from the effectiveness date hereof.

  

	12.3	No delay or failure to exercise any right hereunder by either party shall constitute a waiver of such right. 

  

			
	 Party A (seal): Beijing Sogou Technology

Development Co., Ltd
  

(Company Seal)
	  	 Party B (signature): /s/ Xiaochuan Wang
  

Name: Xiaochuan Wang

		
	Signing date: November 30, 2012	  	Signing date: November 30, 2012Exhibit 10.8

 

FIRST AMENDMENT TO CREDIT AGREEMENT

FIRST AMENDMENT, dated as of April 8, 2016 (this “Agreement”), to the Amended and Restated Credit Agreement (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”) dated as of May 18, 2015, among Apple Hospitality REIT, Inc., a Virginia corporation (the “Borrower”), certain subsidiaries of the Borrower from time to time party thereto, as Guarantors, the Lenders party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer.  Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.          

WHEREAS, the Borrower has requested that the Credit Agreement be modified as herein set forth; and

WHEREAS, the Administrative Agent, the Lenders party hereto and the Administrative Agent have agreed to modify the Credit Agreement as herein set forth solely upon the terms and conditions provided for in this Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

SECTION 1.          Amendments to Credit Agreement.

1.1                    Definition of Permitted Pari Passu Encumbrances. The definition of Permitted Pari Passu Encumbrances in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

“Permitted Pari Passu Encumbrances” means encumbrances that are contained in documentation evidencing or governing Pari Passu Obligations which encumbrances are the result of (i) limitations on the ability of a Loan Party or any of its Subsidiaries to transfer or encumber property which limitations, taken as a whole, are substantially the same as or less restrictive than those contained in this Agreement or (ii) any requirement that Pari Passu Obligations be secured on an “equal and ratable basis” to the extent that the Obligations are secured.

1.2                    Section 7.09(iii) of the Credit Agreement.  Section 7.09(iii) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

(iii) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person, other than Permitted Pari Passu Encumbrances, provided, however, that this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.03(b) or Section 7.03(c) solely to the extent any such negative pledge relates to property financed by or the subject of such Indebtedness

SECTION 2.          Conditions of Effectiveness.  This Agreement shall not become effective until the date on which the Administrative Agent shall have received counterparts of this Agreement duly executed and delivered by each of the Loan Parties, the Administrative Agent and the Required Lenders.

SECTION 3.          Representations and Warranties.  Each of the Loan Parties reaffirms and restates the representations and warranties set forth in the Credit Agreement and in the other Loan Documents and all such representations and warranties shall be true and correct in all material respects on

the date hereof with the same force and effect as if made on such date (except to the extent (i) such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date, (ii) any representation or warranty that is already by its terms qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in all respects after giving effect to such qualification).  Each of the Loan Parties represents and warrants (which representations and warranties shall survive the execution and delivery hereof) to the Administrative Agent and the Lenders that:

(a) it has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and the transactions contemplated hereby and has taken or caused to be taken all necessary action to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby;

(b) no approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement, except for filings for reporting purposes required under applicable securities laws;

(c) this Agreement has been duly executed and delivered on its behalf by a duly authorized officer, and constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy insolvency, reorganization, receivership, moratorium or other laws affecting creditors’ rights generally and by general principles of equity;

(d) no Default shall exist or would result from the consummation of the transactions contemplated by this Agreement; and

(e) the execution, delivery and performance by it of this Agreement will not (i) contravene the terms of any of its Organization Documents; (ii) conflict with or result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (x) any Contractual Obligation to which such Loan Party is a party or affecting such Loan Party or the properties of such Loan Party or any of its Subsidiaries or (y) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (iii) violate any Law.

SECTION 4.          Affirmation of Guarantors.  Each Guarantor hereby approves and consents to this Agreement and the transactions contemplated by this Agreement and agrees and affirms that its guarantee of the Obligations continues to be in full force and effect and is hereby ratified and confirmed in all respects and shall apply to the Credit Agreement, as amended hereby, and all of the other Loan Documents, as such are amended, restated, supplemented or otherwise modified from time to time in accordance with their terms.

SECTION 5.          Costs and Expenses.  The Loan Parties acknowledge and agree that their payment obligations set forth in Section 11.04 of the Credit Agreement include the costs and expenses incurred by the Administrative Agent in connection with the preparation, execution and delivery of this Agreement and any other documentation contemplated hereby (whether or not this Agreement becomes effective or the transactions contemplated hereby are consummated and whether or not any Default or Event of Default has occurred or is continuing), including, but not limited to, the reasonable fees and disbursements of Kaye Scholer LLP, counsel to the Administrative Agent.

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SECTION 6.          Ratification.

(a)          The Credit Agreement, as amended by this Agreement, and the other Loan Documents remain in full force and effect and are hereby ratified and affirmed by the Loan Parties.  Each of the Loan Parties hereby (i) confirms and agrees that the Borrower is truly and justly indebted to the Administrative Agent and the Lenders in the aggregate amount of the Obligations without defense, counterclaim or offset of any kind whatsoever, other than payment in full, and (ii) reaffirms and admits the validity and enforceability of the Credit Agreement, as amended by this Agreement, and the other Loan Documents.

(b)          This Agreement shall be limited precisely as written and, except as expressly provided herein, shall not be deemed (i) to be a consent granted pursuant to, or a waiver, modification or forbearance of, any term or condition of the Credit Agreement, any other Loan Document or any of the instruments or agreements referred to therein or a waiver of any Default or Event of Default under the Credit Agreement, whether or not known to the Administrative Agent, any L/C Issuer or any of the Lenders, or (ii) to prejudice any right or remedy which the Administrative Agent, any L/C Issuer or any Lender may now have or have in the future against any Person under or in connection with the Credit Agreement, any other Loan Document or any of the instruments or agreements referred to therein or any of the transactions contemplated thereby.

SECTION 7.          Modifications.  Neither this Agreement, nor any provision hereof, may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the parties hereto.

SECTION 8.          References.  The Loan Parties acknowledge and agree that this Agreement constitutes a Loan Document. Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in each other Loan Document (and the other documents and instruments delivered pursuant to or in connection therewith) to the “Credit Agreement”, “thereunder”, “thereof” or words of like import, shall mean and be a reference to the Credit Agreement as modified hereby and as the Credit Agreement may in the future be amended, restated, supplemented or modified from time to time.

SECTION 9.          Counterparts.  This Agreement may be executed by the parties hereto individually or in combination, in one or more counterparts, each of which shall be an original and all of which shall constitute one and the same agreement.  Delivery of an executed counterpart of a signature page by telecopier or electronic mail (in a .pdf format) shall be effective as delivery of a manually executed counterpart.

SECTION 10.          Successors and Assigns.  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

SECTION 11.          Severability.  If any provision of this Agreement shall be held invalid or unenforceable in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or enforceability without in any manner affecting the validity or enforceability of such provision in any other jurisdiction or the remaining provisions of this Agreement in any jurisdiction.

SECTION 12.          Governing Law.  THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND 

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THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

SECTION 13.          Headings.  Section headings in this Agreement are included for convenience of reference only and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

[The remainder of this page left blank intentionally]

 

 

 

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IN WITNESS WHEREOF, the Loan Parties, the Administrative Agent and the undersigned Lenders have caused this Agreement to be duly executed by their respective authorized officers as of the day and year first above written.

BORROWER:

APPLE HOSPITALITY REIT, INC.,

a Virginia corporation

By:  /s/ David Buckley                                               

Name: David Buckley

Title: Executive Vice President

GUARANTORS:

APPLE REIT SEVEN, INC.

APPLE SEVEN HOSPITALITY, INC.

APPLE SEVEN HOSPITALITY MANAGEMENT, INC.

APPLE SEVEN HOSPITALITY OWNERSHIP, INC.

APPLE SEVEN TEXAS GP, INC.

APPLE SEVEN TEXAS LP, INC.

APPLE SEVEN SERVICES LAKELAND, INC.

APPLE SEVEN SERVICES OMAHA CY, INC.

APPLE SEVEN SERVICES PROVO-SAN DIEGO, INC.

APPLE SEVEN SERVICES SAN DIEGO, INC.

APPLE SEVEN SERVICES TALLAHASSEE, INC.

APPLE SEVEN SPE OMAHA CY, INC.

APPLE SEVEN SPE PROVO-SAN DIEGO, INC.

APPLE SEVEN MANAGEMENT SERVICES GP, INC.

APPLE SEVEN MANAGEMENT SERVICES LP, INC.

APPLE SEVEN SPE RICHMOND, INC.

APPLE SEVEN SERVICES RICHMOND, INC.,

each a Virginia corporation

By:  /s/ David Buckley                                                        

Name: David Buckley

Title: Vice President

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

APPLE REIT EIGHT, INC.

APPLE EIGHT HOSPITALITY, INC.

APPLE EIGHT HOSPITALITY MANAGEMENT, INC.

APPLE EIGHT HOSPITALITY MASSACHUSETTS, INC.

APPLE EIGHT HOSPITALITY MASSACHUSETTS SERVICES, INC

APPLE EIGHT HOSPITALITY OWNERSHIP, INC.

APPLE EIGHT NC GP, INC.

APPLE EIGHT NC LP, INC.

APPLE EIGHT SPE OVERLAND PARK, INC.

APPLE EIGHT SERVICES OVERLAND PARK, INC.,

each a Virginia corporation

By:  /s/ David Buckley                                                        

Name: David Buckley

Title: Vice President

APPLE NINE HOSPITALITY, INC.

APPLE NINE HOSPITALITY MANAGEMENT, INC.

APPLE NINE HOSPITALITY OWNERSHIP, INC.

APPLE NINE HOSPITALITY TEXAS SERVICES, INC.

APPLE NINE HOSPITALITY TEXAS SERVICES II, INC.

APPLE NINE HOSPITALITY TEXAS SERVICES III, INC.

APPLE NINE NC GP, INC.

APPLE NINE NC LP, INC.

APPLE NINE PENNSYLVANIA, INC.

APPLE NINE HOSPITALITY TEXAS SERVICES IV, INC.,

each a Virginia corporation

By:  /s/ David Buckley                                                        

Name: David Buckley

Title: Vice President

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

APPLE NINE ILLINOIS, LLC,

a Virginia limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE NINE LOUISIANA, LLC,

a Virginia limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE NINE MISSOURI, LLC,

a Virginia limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

APPLE NINE NORTH CAROLINA, L.P.,

a Virginia limited partnership

By:  APPLE NINE NC GP, INC., a Virginia corporation

General Partner

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

APPLE NINE OKLAHOMA, LLC,

a Virginia limited liability company

By:  APPLE HOSPITALITY REIT, INC., a Virginia 

          corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE NINE PENNSYLVANIA BUSINESS TRUST,

a Pennsylvania Business Trust

 

By: APPLE NINE PENNSYLVANIA, INC.

a Virginia corporation

Sole Trustee

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-CAL, LLC,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-CJT, LLC,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

SUNBELT-CTY, LLC,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-GDA, LLC,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-RAG, L.L.C.,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-RHM, L.L.C.,

an Alabama limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

SUNBELT-RPC, L.L.C.,

a Florida limited liability company

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-SLL, LLC,

an Alabama limited liability company

 

By: APPLE NINE LOUISIANA, LLC,

a Virginia limited liability company

Managing Member

By:  APPLE NINE HOSPITALITY OWNERSHIP,

INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE EIGHT HOSPITALITY MIDWEST, LLC,

a Virginia limited liability company

By:  APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

APPLE EIGHT NORTH CAROLINA, L.P.,

a Virginia limited partnership

By:  APPLE EIGHT NC GP, INC., a Virginia

corporation

General Partner

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE EIGHT HOSPITALITY TEXAS, LLC,

a Virginia limited liability company

By:  APPLE EIGHT HOSPITALITY OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE EIGHT HOSPITALITY TEXAS

 SERVICES, LLC,

a Virginia limited liability company

By:  APPLE EIGHT HOSPITALITY MANAGEMENT, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE SEVEN HOSPITALITY TEXAS, L.P.,

a Virginia limited partnership

By:  APPLE SEVEN TEXAS GP, INC., a Virginia corporation

General Partner

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

APPLE SEVEN SERVICES, LLC,

a Virginia limited liability company

By:  APPLE SEVEN MANAGEMENT SERVICES GP, INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE SEVEN SERVICES II, LLC,

a Virginia limited liability company

By:  APPLE SEVEN MANAGEMENT SERVICES GP, INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE SEVEN SERVICES SOUTHEAST, L.P.,

a Virginia limited partnership

By:  APPLE SEVEN MANAGEMENT SERVICES GP, INC., a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

BLUMBERG-DOTHAN MOTEL, L.L.C.,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

SHS VANCOUVER, LLC,

a Washington limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-CTR, L.L.C.,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-COLUMBUS, L.L.C.,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-RDA, LLC,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

SUNBELT-SCG, L.L.C.,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-TCG, L.L.C.,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

SUNBELT-THA, LLC,

an Alabama limited liability company

By:  APPLE SEVEN HOSPITALITY

OWNERSHIP, INC., a Virginia corporation

Sole Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

APPLE EIGHT OVERLAND PARK, LLC

a Virginia limited liability company

By:  APPLE EIGHT SPE OVERLAND PARK, INC.,

 a Virginia corporation

Managing Member

By:  /s/ David Buckley                                                

Name: David Buckley

Title: Vice President

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

BANK OF AMERICA, N.A., as Administrative Agent

By:  /s/ Paley Chen                                                                       

Name: Paley Chen

Title: Vice President

 

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

BANK OF AMERICA, N.A., as a Lender, an L/C Issuer and Swing Line Lender

By:  /s/ John Sletten                                                                     

Name: John Sletten

Title: Vice President

 

 

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

KEYBANK NATIONAL ASSOCIATION, as a Lender and an L/C Issuer

By: /s/ Andrew D Stickney                                                         

Name: Andrew D Stickney

Title: Sr. Vice President

 

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

By: /s/ Anand J. Jobanputra                                               

Name: Anand J. Jobanputra

Title: Senior Vice President, Hospitality Finance Group

 

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

U.S. BANK NATIONAL ASSOCIATION, as a Lender

By: /s/ Lori Y. Jensen                                                          

Name: Lori Y. Jensen

Title: Senior Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

CITIBANK, N.A., as a Lender

By: /s/ Michael Chlopak                                                      

Name: Michael Chlopak

Title: Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

REGIONS BANK, as a Lender

By:  /s/ Ghi S. Gavin                                                    

Name: Ghi S. Gavin

Title: Senior Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

THE BANK OF NOVA SCOTIA, as a Lender

By:  /s/ Anthony Ottavino                                                  

Name: Anthony Ottavino

Title: Director

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

BRANCH BANKING AND TRUST COMPANY, as a Lender

By:  /s/ Brad Bowen                                                    

Name: Brad Bowen

Title: Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

THE HUNTINGTON NATIONAL BANK, as a Lender

By: /s/ Florentina Djulvezan                                               

Name: Florentina Djulvezan

Title: Assistant Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

PNC BANK, NATIONAL ASSOCIATION, as a Lender

By: /s/ Katie Chowdhry                                                       

Name: Katie Chowdhry

Title: Vice President

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

 

 

SUMITOMO MITSUI BANKING CORPORATION, as a Lender

By: /s/ Hideo Notsu                                                             

Name: Hideo Notsu

Title: Executive Director

 

 

 

 

Signature Page to First Amendment to Apple Hospitality REIT A&R Credit Agreement

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