Document:

EX-4.1

 Exhibit 4.1 
  

 
 

 
 NUMBER VF SHARES CUSIP 92847W 10 3 INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE SEE REVERSE FOR CERTAIN
DEFINITIONS AND LEGENDS This certifies that is the record holder of FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, $0.0001 PAR VALUE PER SHARE, OF Vital Farms, Inc. transferable on the books of the Corporation in person or by duly authorized
attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar. WITNESS the facsimile seal of the Corporation and the facsimile signatures of its
duly authorized officers. Dated: PRESIDENT VITAL FARMS, INC. CORPORATE SEAL DELAWARE SECRETARY AUTHORIZED SIGNATURE COUNTERSIGNED AND REGISTERED: AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC (BROOKLYN, NY) TRANSFER AGENT BY: AND REGISTRAR

 The Corporation shall furnish without charge to each stockholder who so requests a statement
of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock of the Corporation or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights.
Such requests shall be made to the Corporation’s Secretary at the principal office of the Corporation. 
 KEEP THIS CERTIFICATE IN A
SAFE PLACE. IF IT IS LOST, STOLEN, OR DESTROYED THE CORPORATION WILL REQUIRE A BOND INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

																	
	TEN COM	 	  —	 	as tenants in common	 		 	UNIF GIFT MIN ACT —  	 	 	 	Custodian	 	 	 	

																	
	TEN ENT	 	   —	 	as tenants by the entireties	 		 		 	(Cust)	 		 	(Minor)	 	
	JT TEN	 	   —	 	as joint tenants with right of survivorship and not as tenants in common	 		 		 	under Uniform Gifts to Minors	 	

																	
	COM PROP	 	    —	 	as community property	 		 		 	Act	 	 	 	
		 		 		 		 		 		 	                (State)	 		 	
		 		 		 		 	UNIF TRF MIN ACT — 	 	 	 	Custodian (until age	 	 	 	)
		 		 		 		 		 	(Cust)	 		 		 	

																			
		 		 		 		 		 		 	 	 	under Uniform Transfers	 	

																	
		 		 		 		 		 	(Minor)                    	 		 		 	

																	
		 		 		 		 		 	to Minors Act	 	 	 	

																	
		 		 		 		 		 		 	(State)            	 	

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED,
                                         
                                        hereby
sell(s), assign(s) and transfer(s) unto 
  

			
	 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

 
	  	
	    	  	

  

			
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	  

    
  

	  

    

 

			
		
	  

    
	  	shares
	 of the capital stock represented by within Certificate, and do hereby irrevocably constitute and appoint

 
	  	

			
	 	  	attorney-in-fact

			
	 to transfer the said stock on the books of the within named Corporation with full power of the substitution in the premises.

 
	  	

  

			
	 Dated
  
	 	                                      
                                      

  

							
		  	X	 	  

		  	X	 	  

	Signature(s) Guaranteed:	  		 	NOTICE:	  	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER.

  

			
	 By  
  
	 	                                      
                                         
                                         

			
	 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION, (BANKS, STOCKBROKERS, SAVINGS
AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. GUARANTEES BY A NOTARY PUBLIC ARE NOT ACCEPTABLE. SIGNATURE
GUARANTEES MUST NOT BE DATED.Exhibit 10.1

 

HPT
IHG PR, Inc.

HPT State Street TRS LLC

HPT TRS IHG-2, Inc.

Two Newton Place

255 Washington Street,
Suite 300

Newton, Massachusetts 02458

 

July 23, 2020

 

Via FEDERAL EXPRESS
AND EMAIL

 

NOTICE OF EVENT OF DEFAULT AND TERMINATION

 

InterContinental Hotels, Inc.

InterContinental Hotels Group Resources, Inc.

IHG Management (Maryland) LLC

InterContinental Hotels Group (Canada), Inc.

c/o Six Continents Hotels, Inc.

Three Ravinia Drive, Suite 100

Atlanta, Georgia 30346

Attn: Vice President of Operations

 

KHRG Allegro, LLC

KHRG State Street, LLC

Kimpton Hotel & Restaurant
Group, LLC

222 Kearny Street - Suite 200

San Francisco, California 94108

 

Intercontinental Hotels (Puerto Rico) Inc.

c/o InterContinental Hotels Group

Three Ravinia Drive, Suite 100

Atlanta, Georgia  30346

Attn:  Robert Chitty

 

	Re:	The SVC/IHG Portfolio Agreements set forth on Schedule 1

(collectively, the “SVC/IHG Portfolio Agreements”)

 

Ladies and Gentlemen:

 

Reference is made to the SVC/IHG Portfolio
Agreements. Capitalized terms used and not otherwise defined in this letter shall have the meanings given such terms on Schedule
1 or in the SVC/IHG Portfolio Agreements.

 

The IHG Parties did
not pay the SVC Parties the full amounts of Owner’s Priority (including, without limitation, Owner’s First Priority
and Owner’s Pool B Priority) and Minimum Rent that were due on July 1, 2020 under the SVC/IHG Portfolio Agreements. After
applying the entire remaining Deposit against the shortfall, the balance due to the SVC Parties as of July 1 was $8,395,250. Failure
to pay all such amounts in full regardless of any inadequacy of Gross Revenues or Operating Profits constitutes a Manager Event
of Default under Section 17.1 of the Management Agreements and an Event of Default under Section 12.1 of the PR Lease.
Delinquent amounts accrue interest at the applicable Interest Rate under each SVC/IHG Portfolio Agreement.

 

Pursuant to Section
10.3 of the Management Agreements and Section 12.1 of the PR Lease, the SVC Parties elect to terminate the Management
Agreements and the PR Lease effective November 30, 2020.

 

     

     

    

 

InterContinental Hotels Group Resources, Inc., et. al.

July 23, 2020

Page 2

 

Failure to pay the
full installments of Owner’s Priority and Minimum Rent due on August 1, 2020 will constitute an additional Manager Event
of Default under the Management Agreements and an additional Event of Default under the PR Lease.

 

Pursuant to the SVC/IHG
Portfolio Agreements, the IHG Parties may avoid the termination of the SVC/IHG Portfolio Agreements by paying all amounts then
due on or before August 24, 2020.

 

This notice shall not
be deemed as a waiver of any other Manager Events of Default or Events of Default that may exist under the SVC/IHG Portfolio Agreements,
or any other defaults that may exist under any other agreements related thereto, or any other rights or remedies that the SVC Parties
might be entitled to exercise under the SVC/IHG Portfolio Agreements or any related agreement, at law and/or in equity. The SVC
Parties may elect, prior to the effective date of termination of the Management Agreements and the PR Lease, to exercise their
right to cause the IHG Parties to continue to manage one or more of the hotels in accordance with Section 17.5 of the Management
Agreements and Section 5.3.1(k) of the PR Lease.

 

	 	Sincerely yours,
	 	 
	 	HPT IHG PR, Inc.
	 	HPT State Street TRS LLC
	 	HPT TRS IHG-2, Inc.
	 	 
	 	 
	 	By:   	/s/ John G. Murray
	 	 	John G. Murray
	 	 	President

 

	cc:	InterContinental Hotels Group Resources, Inc.
	 	IHG Management (Maryland) LLC
	 	InterContinental Hotels Group
    (Canada), Inc.
	 	Intercontinental Hotels, Inc.
	 	c/o Six Continents Hotels,
    Inc.
	 	Three Ravinia Drive, Suite
    100
	 	Atlanta, Georgia 30346
	 	Attn: General Counsel –
    Operations
	 	 
	 	KHRG Allegro, LLC
	 	KHRG State Street LLC
	 	Kimpton Hotel & Restaurant
    Group
	 	222 Kearney Street –
    Suite 200
	 	San Francisco, California 94108
	 	Attn: General Counsel
	 	 
	 	Alston & Bird LLP
	 	One Atlantic Center
	 	1201 West Peachtree Street
	 	Atlanta, Georgia 30309
	 	Attn: Timothy Pakenham, Esq.

 

     

     

    

 

SCHEDULE 1

SVC/IHG PORTFOLIO AGREEMENTS

 

		1.	Lease Agreement, dated as of February 16, 2005, between HPT IHG PR, Inc., as landlord (“PR Landlord”), and
Intercontinental Hotels (Puerto Rico) Inc., as tenant (“PR Tenant”), as amended (as so amended, the “PR
Lease”).

		2.	Management Agreement, dated as of July 1, 2011, among HPT TRS IHG-2, Inc. (for itself and as successor by merger with HPT TRS
IHG-1, Inc. and HPT TRS IHG-3, Inc.), as owner (“Owner”), and Intercontinental Hotels Group Resources, Inc.,
IHG Management (Maryland) LLC, and Intercontinental Hotels Group Canada, Inc., as manager (collectively, “Manager”),
as amended (as amended, the “Master Management Agreement”).

 

		3.	Amended and Restated Management Agreement, dated as of February 1, 2017, between Owner, as owner, and KHRG Allegro, LLC, as
manager (“Chicago Allegro Manager”) (the “Chicago Allegro Management Agreement”).

 

		4.	Amended and Restated Management Agreement, dated as of October 9, 2019, between HPT State Street TRS LLC, as owner (“Chicago
Owner”), and Kimpton Hotel & Restaurant Group, LLC, and KHRG State Street, LLC, as manager (the “Chicago
Palomar Manager”) (the “Chicago Palomar Management Agreement”).

 

Definitions:

 

“IHG Parties” shall mean, collectively, PR
Tenant, Manager, Chicago Allegro Manager and Chicago Palomar Manager.

 

“Management Agreements” shall mean, collectively,
the Master Management Agreement, the Chicago Allegro Management Agreement and the Chicago Palomar Management Agreement.

 

“SVC Parties” shall mean, collectively, PR
Landlord, Owner and Chicago Palomar Owner.

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