Document:

Exhibit 10.6

 

ASSIGNMENT AND AMENDMENT
OF CURRENT MANAGEMENT AGREEMENT

 

This Assignment and
Amendment of Current Management Agreement (“Assignment”) is made effective as of March 31,
2017 (“Effective Date”) by and among American Realty Capital
Hospitality Grace Portfolio, LLC, a Delaware limited liability company, with an address at 405 Park Avenue, New York,
New York 10022 (“Assignor”); CRESTLINE HOTELS & RESORTS, LLC, a Delaware limited liability
company, with an address at 3950 University Drive, Suite 301, Fairfax, VA 22030 (“Assignee”); and ARC
Hospitality Portfolio II NTC TRS, LP, ARC Hospitality Portfolio II TRS, LLC,
and ARC Hospitality Portfolio II MISC TRS, LLC (collectively, “TRS”).

 

RECITALS:

 

WHEREAS, on February
27, 2015, on the one hand, ARC Hospitality Portfolio II NTC TRS, LP and ARC Hospitality Portfolio II TRS, LLC, and, on the other
hand, American Realty Capital Hospitality Grace Portfolio, LLC, entered into a “Management Agreement” (the “Initial
Management Agreement”) with respect to the ten hotels listed as “Hotels” on Exhibit A thereto, with a
“Management Commencement Date” (as defined in the Initial Management Agreement) of February 27, 2015; and

 

WHEREAS, on September
1, 2015, the parties to the Initial Management Agreement entered into an Amended and Restated Management Agreement (the “Current
Management Agreement”), which added ARC Hospitality Portfolio II MISC TRS, LLC as a party, and added three hotels
to Exhibit A thereto as “Hotels”, along with other minor changes; and

 

WHEREAS, TRS holds
leasehold title granted by ARC Hospitality Portfolio II Owner, LLC and ARC Hospitality Portfolio II NTC Owner, LP (individually
or as context requires, the “Owner”) of certain real property and improvements more particularly described
on Exhibit A to the Current Management Agreement (individually or collectively, as the context requires, the “Hotel”);
and

 

WHEREAS, Assignor desires
to assign its rights and obligations under the Current Management Agreement to Assignee; Assignee desires to accept the assignment
of Assignor’s rights and obligations under Current Management Agreement, as further amended by this Assignment; and TRS desires
to consent to this Assignment and to have Assignee manage and operate the Hotel from and after the Effective Date, in accordance
with the Current Management Agreement as further amended by this Assignment;

 

NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by each of the parties, the parties hereto agree as follows:

 

    	 	 	 

     

    

  

		1.	Assignor hereby assigns, transfers and conveys to Assignee all of Assignor’s rights, title
and obligations in, to and under the Current Management Agreement, and Assignee hereby accepts and assumes all such rights, title
and obligations of Assignor in, to and under the Current Management Agreement. TRS hereby consents to such assignment and assumption.

 

		2.	Each of Assignee and TRS agrees that the Current Management Agreement is hereby further amended
as follows:

 

		a.	All references to “Management Company” shall hereafter be deemed to refer to Assignee.

 

		b.	The definition of “Affiliate” is amended to delete subsection (i).

 

		c.	Section 5.01 is amended by adding the following at the end of the paragraph:

 

Notwithstanding the foregoing,
effective as of the first day of the forty-ninth (49th) month following the defined “Effective Date” of
that certain Assignment and Amendment of Current Management Agreement (the “Assignment”), dated March
31, 2017 (the “Effective Date” as defined in the Assignment, the “Assignment Date”, and such
first day of the forty-ninth (49th) month thereafter, the “Sale Termination Right Effective Date”),
TRS shall have the right to Terminate this Agreement with respect to any individual Hotel effective immediately upon a sale of
such Hotel (whether alone or as part of a portfolio transaction, and whether by way of merger, consolidation, or otherwise) so
long as, at or prior to the time of such Termination, either (at TRS’s election) (x) TRS pays, or causes to be paid, to Management
Company an amount in cash equal to (i) the Management Fees earned, due, and payable with respect to such Hotel in the trailing
twelve (12) full months (after normalizing such Management Fees to account for any rooms which may have been vacant during such
period as a result of PIP work or other construction, repair, or improvement work performed at such Hotel), multiplied by (ii)
two and one-half (2.5), or (y) if the sale of the Hotel in question is occurring during the period prior to the six (6)-year anniversary
of the Assignment Date, TRS effects a Property Replacement in accordance with the immediately following paragraph.

 

In addition, if TRS conducts a
sale of any Hotel (whether alone or as a part of a portfolio transaction, and whether by way of merger, consolidation or otherwise)
after the Assignment Date but prior to the date that is six (6) years following the Assignment Date, TRS shall have the right to
Terminate this Agreement with respect to such Hotel if TRS concurrently adds to this Agreement as a “Hotel” a hotel
(“Replacement Hotel”) that (A) was owned by an Affiliate of TRS as of the Assignment Date, and continues
to be owned by an Affiliate of TRS as of the date of the sale of the Hotel in question (the “Sale Date”);
(B) is, at the time of the Sale Date, subject to a management agreement that (I) has a term of one year or less, and/or (II)
includes a right to terminate without cause upon notice of one year or less; and (C) has, as of the Sale Date, the same or greater
historical annual revenue, over the year preceding the Sale Date, as the Hotel that is being Terminated (such addition of a Replacement
Hotel in accordance with this paragraph, a “Property Replacement”).

 

    	 	 	 

     

    

  

For the avoidance of doubt, any
sale of a Hotel that results in a Termination of this Agreement with respect to such Hotel and also complies with terms and conditions
set forth in this Section 5.01 shall not be subject to the requirements of Section 20.01 of this Agreement.

 

		d.	Section 6.01.A. is amended to replace the entire current provision with the following:

 

In consideration of the services
to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management
fee (“Base Management Fee”) in the amount of three percent (3%) of Gross Revenues for each Accounting
Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such
time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.

 

		e.	Section 6.01.C. is deleted in its entirety.

 

		f.	Section 19.01.A. is amended by replacing the period at the end of subsection (iii) with a semicolon,
and by adding the following language as a new paragraph after subsection (iii):

 

Notwithstanding anything in this
Section 19.01.A. to the contrary, Management Company’s rights to assign or transfer its interest in this Agreement or delegate
any responsibilities hereunder shall remain subject to satisfaction of all applicable rights of first refusal or similar obligations
under that certain “Framework Agreement”, by and among American Realty Capital Hospitality Advisors, LLC, American
Realty Capital Hospitality Properties, LLC, American Realty Capital Hospitality Grace Portfolio, LLC, Crestline Hotels & Resorts,
LLC, American Realty Capital Hospitality Trust, Inc., American Realty Capital Hospitality Operating Partnership, L.P., American
Realty Capital Hospitality Special Limited Partnership, LLC and for certain limited purposes Brookfield Strategic Real Estate Partners
II Hospitality REIT II, LLC, dated January 12, 2017 (the “Framework Agreement”) and no assignment, transfer
or delegation by the Management Company shall be permitted hereunder without compliance with such provisions of the Framework Agreement.

 

		g.	Section 20.01 is amended to add the following at the end of such section:

 

Notwithstanding the foregoing and
for the avoidance of doubt, the terms and conditions set forth in this Section 20.01 of this Agreement shall not apply in the event
that any sale of a Hotel that results in a Termination of this Agreement with respect to such Hotel otherwise complies with terms
and conditions set forth in Section 5.01.

 

    	 	 	 

     

    

  

		h.	Section 22.08 is amended

 

To TRS:

ARC Hospitality Portfolio II NTC
TRS, LP

ARC Hospitality Portfolio II TRS,
LLC

ARC Hospitality Portfolio II MISC
TRS, LLC

3950 University Drive, Suite 301

Fairfax, Virginia 22030

Attention: General Counsel

 

To Management Company:

Crestline Hotels & Resorts,
LLC

3950 University Drive, Suite 301

Fairfax, Virginia 22030

Attention: General Counsel

 

		3.	This Assignment is executed by, and shall be binding upon and inure to the benefit of, the parties
hereto and each of their respective administrators, personal representatives, legal representatives, heirs, successors and permitted
assigns. None of the provisions of this Assignment shall be for the benefit of or enforceable by any other person.

 

		4.	This Assignment may not be amended nor may any rights hereunder be waived except by an instrument
in writing signed by the parties sought to be charged with such amendment or waiver.

 

		5.	This Assignment may be executed in one or more counterparts, each of which shall be deemed an original
and it will not be necessary in making proof of this Assignment or the terms of this Assignment to produce or account for more
than one of such counterparts. All counterparts shall constitute one and the same instrument. Each party may execute this Assignment
via a facsimile (or transmission of a .pdf file) of this Assignment. In addition, facsimile or .pdf signatures of authorized signatories
of the parties shall be valid and binding and delivery of a facsimile or .pdf signature by any party shall constitute due execution
and delivery of this Assignment.

 

		6.	Except as specifically modified by this Assignment, all of the provisions of the Current Management
Agreement are unchanged and continue in full force and effect. In the event of any conflicts between the Current Management Agreement
and this Assignment, this Assignment shall control.

 

[Signatures Follow on Next Page]

 

    	 	 	 

     

    

  

IN WITNESS WHEREOF,
the parties hereto have caused this Assignment to be executed and delivered by their duly authorized officers as of the Effective
Date.

 

	 	ASSIGNOR:
	 	 
	 	
        American
Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company

	 	 
	 	By: 	/s/ James
    A. Tanaka
	 	 	Name:  	James A. Tanaka 

	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 16, 2017

  

	 	ASSIGNEE:
	 	 
	 	
        CRESTLINE
HOTELS & RESORTS, LLC, a Delaware limited liability company

	 	 	 
	 	By: 	/s/ James
    A. Carroll
	 	 	Name:  	James
    A. Carroll
	 	 	Title: 	President & CEO
	 	 	Date:	March 10, 2017

  

	TRS:	 
	 	 
	 	
        ARC
Hospitality Portfolio II TRS, LLC, a Delaware limited liability company

	 	 	 
	 	By: 	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

    	 	 	 

     

    

  

	 	ARC
                                                                                            Hospitality Portfolio II NTC TRS, LP, a Delaware
                                                                                            limited partnership

	 	 
	 	By: 	ARC HOSPITALITY PORTFOLIO II NTC TRS GP, LLC, its general partner

	 	 	 
	 	By: 	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017

 

	 	ARC
                                                                                            Hospitality Portfolio II MISC TRS, LLC, a Delaware
                                                                                            limited liability company

 

	 	 	 
	 	By: 	/s/ Paul C. Hughes
	 	 	Name:  	Paul C. Hughes
	 	 	Title: 	Authorized Signatory
	 	 	Date:	March 17, 2017Exhibit 10.7

 

ASSIGNMENT AND AMENDMENT
OF MANAGEMENT AGREEMENT

 

This Assignment and
Amendment of Management Agreement (“Assignment”) is made effective as of March 31, 2017 (“Effective
Date”) by and among American Realty Capital Hospitality Grace Portfolio,
LLC, a Delaware limited liability company, with an address at 405 Park Avenue, New York, New York 10022 (“Assignor”);
CRESTLINE HOTELS & RESORTS, LLC, a Delaware limited liability company, with an address at 3950 University Drive, Suite
301, Fairfax, VA 22030 (“Assignee”); and ARC HOSPITALITY PORTFOLIO I TRS, LLC, a Delaware limited
liability company, with an address at 3950 University Drive, Suite 301, Fairfax, VA 22030 (“Ohio Liquor TRS”),
ARC HOSPITALITY PORTFOLIO I NTC TRS, LP (“Texas I Liquor TRS”), a Delaware limited partnership,
with an address at 3950 University Drive, Suite 301, Fairfax, Virginia 22030, ARC HOSPITALITY PORTFOLIO II NTC TRS, LP (“Texas
II Liquor TRS”), a Delaware limited partnership, with an address at 3950 University Drive, Suite 301, Fairfax,
VA 22030, ARC HOSPITALITY PORTFOLIO I DEKS TRS, LLC, a Delaware limited liability company, with an address at 3950 University
Drive, Suite 301, Fairfax, VA 22030 (“Kansas Liquor TRS”), and ARC
Hospitality Portfolio I KS TRS, LLC, a Kansas limited liability company, with an address at 3950 University Drive,
Suite 301, Fairfax, VA 22030 (“Kansas F&B TRS”, and together with Ohio Liquor TRS, Texas I
Liquor TRS, Texas II Liquor TRS, and Kansas Liquor TRS, collectively, “TRS”).

 

RECITALS:

 

WHEREAS, on February
27, 2015, on the one hand, Assignor entered into separate hotel management agreements with Ohio Liquor TRS (with respect to two
Ohio hotels), Texas I Liquor TRS (with respect to five Texas hotels), Texas II Liquor TRS (with respect to one Texas hotel), and
Kansas Liquor TRS (with respect to non-F&B-related operations at one Kansas hotel), and also entered into a food & beverage
management agreement with Kansas F&B TRS (with respect to F&B operations at the same Kansas hotel (“Kansas
F&B MA”) (collectively, such hotel management agreements and food & beverage management agreement, the “Management
Agreement”) with a “Management Commencement Date” (as defined in the Management Agreement) of February
27, 2015; and

 

WHEREAS, TRS holds
leasehold title granted by ARC Hospitality Portfolio I Owner, LLC, ARC Hospitality Portfolio I NTC Owner, LP, ARC Hospitality Portfolio
I DLGL Owner, LP, and ARC Hospitality Portfolio II NTC Owner, LP (individually or as context requires, the “Owner”)
of certain real property and improvements more particularly described in the Management Agreement (individually or collectively,
as the context requires, the “Hotel”); and

 

WHEREAS, Assignor desires
to assign its rights and obligations under the Management Agreement to Assignee; Assignee desires to accept the assignment of Assignor’s
rights and obligations under the Management Agreement, as further amended by this Assignment; and TRS desires to consent to this
Assignment and to have Assignee manage and operate the Hotel from and after the Effective Date, in accordance with the Management
Agreement as further amended by this Assignment;

 

     

     

    

 

NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by each of the parties, the parties hereto agree as follows:

 

		1.	Assignor hereby assigns, transfers and conveys to Assignee all of Assignor’s rights, title
and obligations in, to and under the Management Agreement, and Assignee hereby accepts and assumes all such rights, title and obligations
of Assignor in, to and under the Management Agreement. TRS hereby consents to such assignment and assumption.

 

		2.	Each of Assignee and TRS agrees that the Management Agreement is hereby further amended as follows:

 

		a.	All references to “Management Company” shall hereafter be deemed to refer to Assignee.

 

		b.	The definition of “Affiliate” is amended to delete subsection (i).

 

		c.	Section 5.01 is amended by adding the following at the end of the paragraph:

 

Notwithstanding the foregoing,
effective as of the first day of the forty-ninth (49th) month following the defined “Effective Date” of
that certain Assignment and Amendment of Management Agreement (the “Assignment”), dated March 31, 2017
(the “Effective Date” as defined in the Assignment, the “Assignment Date”, and such first
day of the forty-ninth (49th) month thereafter, the “Sale Termination Right Effective Date”),
TRS shall have the right to Terminate this Agreement with respect to any individual Hotel effective immediately upon a sale of
such Hotel (whether alone or as part of a portfolio transaction, and whether by way of merger, consolidation, or otherwise) so
long as, at or prior to the time of such Termination, either (at TRS’s election) (x) TRS pays, or causes to be paid, to Management
Company an amount in cash equal to (i) the Management Fees earned, due, and payable with respect to such Hotel in the trailing
twelve (12) full months (after normalizing such Management Fees to account for any rooms which may have been vacant during such
period as a result of PIP work or other construction, repair, or improvement work performed at such Hotel), multiplied by (ii)
two and one-half (2.5), or (y) if the sale of the Hotel in question is occurring during the period prior to the six (6)-year anniversary
of the Assignment Date, TRS effects a Property Replacement in accordance with the immediately following paragraph.

 

In addition, if TRS conducts a
sale of any Hotel (whether alone or as a part of a portfolio transaction, and whether by way of merger, consolidation or otherwise)
after the Assignment Date but prior to the date that is six (6) years following the Assignment Date, TRS shall have the right to
Terminate this Agreement with respect to such Hotel if TRS concurrently adds to this Agreement as a “Hotel” a hotel
(“Replacement Hotel”) that (A) was owned by an Affiliate of TRS as of the Assignment Date, and continues
to be owned by an Affiliate of TRS as of the date of the sale of the Hotel in question (the “Sale Date”);
(B) is, at the time of the Sale Date, subject to a management agreement that (I) has a term of one year or less, and/or (II)
includes a right to terminate without cause upon notice of one year or less; and (C) has, as of the Sale Date, the same or greater
historical annual revenue, over the year preceding the Sale Date, as the Hotel that is being Terminated (such addition of a Replacement
Hotel in accordance with this paragraph, a “Property Replacement”).

 

     

     

    

 

For the avoidance of doubt, any
sale of a Hotel that results in a Termination of this Agreement with respect to such Hotel and also complies with terms and conditions
set forth in this Section 5.01 shall not be subject to the requirements of Section 20.01 of this Agreement.

 

		d.	Section 6.01.A. (excluding the Kansas F&B MA) is amended to replace the entire current provision
with the following:

 

In consideration of the services
to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management
fee (“Base Management Fee”) in the amount of three percent (3%) of Gross Revenues for each Accounting
Period. Each such periodic fee shall be paid to Management Company (or retained by Management Company as provided below) at such
time as the final monthly report for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.

 

		e.	Section 6.01.A. of the Kansas F&B MA is amended to replace the entire current provision with
the following:

 

In consideration of the services
to be performed during the Term of this Agreement by Management Company, Management Company shall be paid a periodic base management
fee (“Base Management Fee”) in the amount of $5,040 for each Accounting Period. Each such periodic fee
shall be paid to Management Company (or retained by Management Company as provided below) at such time as the final monthly report
for such Accounting Period is submitted to TRS as provided in Section 6.02 A below.

 

		f.	Section 6.01.C. (excluding the Kansas F&B MA) is deleted in its entirety. Section 6.01.B. of
the Kansas F&B MA is deleted in its entirety.

 

		g.	Section 19.01.A. is amended by replacing the period at the end of subsection (iii) with a semicolon,
and by adding the following language as a new paragraph after subsection (iii):

 

     

     

    

 

Notwithstanding anything in this
Section 19.01.A. to the contrary, Management Company’s rights to assign or transfer its interest in this Agreement or delegate
any responsibilities hereunder shall remain subject to satisfaction of all applicable rights of first refusal or similar obligations
under that certain “Framework Agreement”, by and among American Realty Capital Hospitality Advisors, LLC, American
Realty Capital Hospitality Properties, LLC, American Realty Capital Hospitality Grace Portfolio, LLC, Crestline Hotels & Resorts,
LLC, American Realty Capital Hospitality Trust, Inc., American Realty Capital Hospitality Operating Partnership, L.P., American
Realty Capital Hospitality Special Limited Partnership, LLC and for certain limited purposes Brookfield Strategic Real Estate Partners
II Hospitality REIT II, LLC, dated January 12, 2017 (the “Framework Agreement”) and no assignment, transfer
or delegation by the Management Company shall be permitted hereunder without compliance with such provisions of the Framework Agreement.

 

		h.	Section 20.01 is amended to add the following at the end of such section:

 

Notwithstanding the foregoing and
for the avoidance of doubt, the terms and conditions set forth in this Section 20.01 of this Agreement shall not apply in the event
that any sale of a Hotel that results in a Termination of this Agreement with respect to such Hotel otherwise complies with terms
and conditions set forth in Section 5.01.

 

		i.	Section 22.08 is amended

To TRS:

ARC Hospitality Portfolio I TRS,
LLC

ARC Hospitality Portfolio I NTC
TRS, LP

ARC Hospitality Portfolio II NTC
TRS, LP

ARC Hospitality Portfolio I DEKS
TRS, LLC

ARC Hospitality Portfolio I KS
TRS, LLC

3950 University Drive, Suite 301

Fairfax, Virginia 22030

Attention: General Counsel

 

To Management Company:

Crestline Hotels & Resorts,
LLC

3950 University Drive, Suite 301

Fairfax, Virginia 22030

Attention: General Counsel

 

		3.	This Assignment is executed by, and shall be binding upon and inure to the benefit of, the parties hereto and each of their
respective administrators, personal representatives, legal representatives, heirs, successors and permitted assigns. None of the
provisions of this Assignment shall be for the benefit of or enforceable by any other person.

 

		4.	This Assignment may not be amended nor may any rights hereunder be waived except by an instrument
in writing signed by the parties sought to be charged with such amendment or waiver.

 

     

     

    

 

		5.	This Assignment may be executed in one or more counterparts, each of which shall be deemed an original
and it will not be necessary in making proof of this Assignment or the terms of this Assignment to produce or account for more
than one of such counterparts. All counterparts shall constitute one and the same instrument. Each party may execute this Assignment
via a facsimile (or transmission of a .pdf file) of this Assignment. In addition, facsimile or .pdf signatures of authorized signatories
of the parties shall be valid and binding and delivery of a facsimile or .pdf signature by any party shall constitute due execution
and delivery of this Assignment.

 

		6.	Except as specifically modified by this Assignment, all of the provisions of the Management Agreement
are unchanged and continue in full force and effect. In the event of any conflicts between the Management Agreement and this Assignment,
this Assignment shall control.

 

[Signatures Follow on Next Page]

 

     

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Assignment to be executed and delivered by their duly authorized officers as of the Effective
Date.

 

	 	 	ASSIGNOR:
	 	 	 
	 	 	American Realty Capital Hospitality Grace Portfolio, LLC, a Delaware limited liability company
	 	 	 	 
	 	 	By: 	/s/ James
    A. Tanaka
	 	 	 	Name:  	James A. Tanaka 

	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 16, 2017
	 	 	 	 	 
	 	 	ASSIGNEE:
	 	 	 
	 	 	CRESTLINE HOTELS & RESORTS, LLC, a Delaware limited liability company
	 	 	 	 
	 	 	By: 	/s/ James
    A. Carroll
	 	 	 	Name:  	James
    A. Carroll
	 	 	 	Title: 	President & CEO
	 	 	 	Date:	March 10, 2017
	 	 	 	 	 
	 	TRS:
	 	 	Ohio Liquor TRS:
	 	 	 
	 	 	ARC HOSPITALITY PORTFOLIO I TRS, LLC, a Delaware limited liability company
	 	 	 
	 	 	By: 	/s/ Paul C. Hughes
	 	 	 	Name:  	Paul C. Hughes
	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 17, 2017

 

     

     

    

 

	 	 	Texas I Liquor TRS:
	 	 	 
	 	 	ARC HOSPITALITY PORTFOLIO I NTC TRS, LP, a Delaware limited partnership
	 	 	 	 
	 	 	By: 	ARC HOSPITALITY PORTFOLIO I NTC TRS GP, LLC, its general partner
	 	 	 	 
	 	 	By: 	/s/ Paul C. Hughes
	 	 	 	Name:  	Paul C. Hughes
	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 17, 2017
	 	 	 	 	 
	 	 	Texas II Liquor TRS:
	 	 	 
	 	 	ARC HOSPITALITY PORTFOLIO II NTC TRS, LP, a Delaware limited partnership
	 	 	 	 
	 	 	By: 	ARC HOSPITALITY PORTFOLIO II NTC TRS GP, LLC, its general partner
	 	 	 	 
	 	 	By: 	/s/ Paul C. Hughes
	 	 	 	Name:  	Paul C. Hughes
	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 17, 2017
	 	 	 	 	 
	 	 	Kansas Liquor TRS:
	 	 	 
	 	 	ARC HOSPITALITY PORTFOLIO I DEKS TRS, LLC, a Delaware limited liability company
	 	 	 	 
	 	 	By: 	/s/ Paul C. Hughes
	 	 	 	Name:  	Paul C. Hughes
	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 17, 2017
	 	 	 	 	 
	 	 	Kansas F&B TRS:
	 	 	 
	 	 	ARC Hospitality Portfolio I KS TRS, LLC, a Kansas limited liability company
	 	 	 	 
	 	 	By: 	/s/ Paul C. Hughes
	 	 	 	Name:  	Paul C. Hughes
	 	 	 	Title: 	Authorized Signatory
	 	 	 	Date:	March 17, 2017

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00269-of-00352.parquet"}]]