Document:

EXHIBIT 10.1

AMENDMENT AGREEMENT

This amendment agreement dated
as of October 10, 2014 (the “Amendment Agreement”) is between YA GLOBAL MASTER SPV LTD., a Cayman
Islands exempt limited partnership (the “Investor”), and OMAGINE, INC., a corporation organized and existing under
the laws of the State of Delaware (the “Company”). Each of the Investor and the Company are sometimes referred to herein
as a "Party" or collectively as the "Parties".

This Amendment Agreement is an amendment
to that certain agreement between the Parties dated as of April 22, 2014 (the “2014 SEDA Agreement”). All capitalized
terms in this Amendment Agreement shall, unless otherwise indicated herein, have the meanings assigned to them in the 2014 SEDA
Agreement.

The Parties hereby agree as follows:

 

		1)	Clause (ii) of Section 10.02(c) of the 2014 SEDA Agreement is hereby deleted.

 

		2)	All other terms and conditions of the 2014 SEDA Agreement remain in full force and effect.

 

IN WITNESS WHEREOF, the Parties have executed this Amendment Agreement
as of the date first above written.

 

	 	 
	 	 
	 	COMPANY:
	 	Omagine, Inc.
	 	 
	 	By:/s/ Charles P. Kuczynski
	 	Name:  Charles P. Kuczynski
	 	Title: Vice-President
	 	
         

         

	 	INVESTOR:
	 	YA Global  Master SPV Ltd.
	 	By:Yorkville Advisors, LLC
	 	Its:Investment Manager
	 	 
	 	By:/s/ David Gonzalez
	 	Name:   David Gonzalez
	 	Title:   Managing Member & General CounselMoody National REIT II, Inc. S-11/A

Exhibit 10.3

 

FORM OF 

ESCROW AGREEMENT

 

THIS ESCROW
AGREEMENT (this “Escrow Agreement”), dated as of [ _ ], 2014, is entered into by and among MOODY
NATIONAL REIT II, INC., a Maryland corporation (the “Company”), MOODY SECURITIES, LLC, a Delaware limited
liability company, as dealer manager for the Company (the “Dealer Manager”), and UMB Bank, N.A., as escrow
agent (the “Escrow Agent”).

 

WHEREAS, the
Company is registering for sale to the public (the “Offering”) a maximum of $1,100,000,000 in shares of its
common stock, $0.01 par value per share (the “Shares”);

 

WHEREAS, this Escrow
Agreement shall be effective on the date on which the Securities and Exchange Commission declares effective the Company’s
Registration Statement on Form S-11 relating to the Offering;

 

WHEREAS, the Dealer Manager has been
engaged by the Company to offer and sell the Shares on a “best-efforts” basis in the Offering through a network of
participating broker-dealers (the “Dealers”);

 

WHEREAS, the
Company and the Dealer Manager desire to establish an escrow account (the “Escrow Account”) as further described
herein and to deposit funds contributed by subscribers subscribing to purchase Shares (“Subscribers”) with
the Escrow Agent in the Escrow Account, to be held for the benefit of the Subscribers and the Company until such time as subscriptions
for the Minimum Amount (as defined below) have been deposited into escrow in accordance with the terms of this Escrow Agreement;

 

WHEREAS, the Company
has engaged DST Systems, Inc., a Delaware corporation (the “Transfer Agent”), to act as “transfer agent”
as defined under the Securities Exchange Act of 1934, as amended (the “Exchange Act”);

 

WHEREAS, the Escrow
Agent has agreed to receive and hold in escrow all funds received from Subscribers in payment for the Shares (“Subscriber
Funds”) until the earlier of (i) such time as subscriptions for the minimum offering amount of $2,000,000 (including
Shares purchased by the Company’s sponsor, its affiliates and the Company’s officers and directors) (the “Minimum
Amount”) have been received and accepted by the Company or (ii) the close of business on the date exactly one year from
the date of the commencement of the Offering (the “Expiration Date”) (the Company shall provide written notice
of such Expiration Date to the Escrow Agent), and to hold and distribute such Subscriber Funds in accordance with the terms and
conditions herein set forth; and

 

WHEREAS, the
Escrow Agent is willing to accept appointment as escrow agent upon the terms and conditions set forth herein.

 

NOW, THEREFORE, in
consideration of the premises set forth above and other good and valuable consideration, the receipt of which is hereby acknowledged,
the parties hereto agree as follows:

 

1.         Escrow
of Subscriber Funds.

 

(a)         On
or before the commencement of the Offering, the Company shall establish the Escrow Account with the Escrow Agent, which
shall be entitled “UMB Bank, N.A., as Escrow Agent for Moody National REIT II.” During the term of this Escrow
Agreement, all Subscriber Funds will be delivered to the Escrow Agent within one (1) business day following: (i) the receipt
of the Subscriber Funds by the Company or the Dealer Manager and (ii) such subscription being accepted by the Company. Upon
receipt of good and collected Subscriber Funds by the Escrow Agent, all such Subscriber Funds shall be retained in the Escrow
Account by the Escrow Agent and invested as stated below. During the term of this Escrow Agreement, the Company and the
Dealer Manager shall cause all checks received by and made payable to each of them in payment for the Shares to be endorsed
in favor of the Escrow Agent and delivered to the Escrow Agent for deposit in the Escrow Account. Subscriber Funds also may
be wired directly to the Escrow Account using wire instructions provided by the Escrow Agent.

 

    	 

    	 

    

 

(b)         Escrow Agent shall
have no duty to make any disbursement, investment or other use of Subscriber Funds until and unless it has good and collected
funds. In the event that any checks deposited in the Escrow Account are returned or prove uncollectible after the funds represented
thereby have been released by the Escrow Agent, then the Company shall promptly reimburse the Escrow Agent for any and all costs
incurred for such, upon request, and the Escrow Agent shall deliver the returned checks to the Company. The Escrow Agent shall
be under no duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent reserves the
right to deny, suspend or terminate participation by a Subscriber to the extent the Escrow Agent deems it advisable or necessary
to comply with applicable laws.

 

2.         Operation
of the Escrow.

 

(a)         Until
such time as the Company has received gross subscription proceeds equal to the Minimum Amount and the Subscriber Funds are
disbursed from the Escrow Account in accordance with Section 2(b) hereof, Subscribers will be instructed to make
checks, drafts, wires, Automated Clearing House (ACH) or money orders (“Instruments of Payment”) for
subscriptions payable to the order of “UMB Bank, N.A., as Escrow Agent for Moody National REIT II, Inc. ”
Completed subscription agreements and Instruments of Payment for the purchase price shall be remitted to the address
designated for the receipt of such agreements and Instruments of Payment. Any Instruments of Payment made payable to a party
other than the Escrow Agent shall be returned to the Dealer Manager or the Dealer who submitted such Instrument of Payment not
later than the end of the second business day following receipt by the Dealer of such materials . When a Dealer’s
internal supervisory procedures are conducted at the site at which the Instruments of Payment and the Subscription Materials
(as defined below) are initially received by such Dealer, by noon of the next business day after receipt of any
Instruments of Payment and Subscription Materials, such Dealer will send to the Escrow Agent such Instruments of Payment
along with each Subscriber’s name, address, executed IRS Form W-9, number of Shares purchased and purchase price
remitted and any other subscription documentation (the “Subscription Materials”). When the Dealer’s
internal supervisory procedures are conducted at a different location (the “Final Review Office”), the
Dealer shall transmit the Instruments of Payment and the Subscription Materials to the Final Review Office by the end of the
next business day after receipt of any Instruments of Payment and Subscription Materials, and then the Final Review Office
will, by noon of the next business day following its receipt of the Instruments of Payment and the Subscription
Materials, forward the Instruments of Payment and the Subscription Materials to the Escrow Agent. To the extent
that subscription agreements and payments are remitted by the Company, the Dealer Manager or a Dealer, the Company, the
Dealer Manager or a Dealer, as applicable, will furnish to the Escrow Agent a list detailing information regarding such
subscriptions as set forth in Exhibit A. Deposits shall be held in the
Escrow Account until such funds are disbursed in accordance with this Section 2. Prior to disbursement of the funds deposited
in the Escrow Account, such funds shall not be subject to claims by creditors of the Company or any of its affiliates. If any
of the Instruments of Payment are returned to the Escrow Agent for nonpayment prior to the satisfaction of the Minimum
Amount, the Escrow Agent shall promptly notify the Transfer Agent and the Company in writing via mail, email or facsimile of
such nonpayment, and the Escrow Agent is authorized to debit the Escrow Account, as applicable, in the amount of such
returned payment as well as any interest earned on the amount of such payment and the Transfer Agent shall delete the
appropriate account from the records maintained by the Transfer Agent. The Transfer Agent will maintain a written account of
each sale, which account shall set forth, among other things, the following information: (i) the subscriber’s name
and address, (ii) the number of Shares purchased by such subscriber, and (iii) the amount paid by such subscriber
for such Shares. Prior to the termination of this Escrow Agreement, neither the Company nor the Dealer Manager will be
entitled to any funds received into the Escrow Account.

 

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(b)         If at any time
on or prior to the Expiration Date, the subscription proceeds received by the Escrow Agent are equal to or greater than the Minimum
Amount, the Escrow Agent shall promptly notify the Company and the Dealer Manager. After the Escrow Agent delivers such notice,
the Company shall deliver to the Escrow Agent a written instruction from an officer of the Company stating that the Minimum Amount
has been timely raised and authorizing the delivery of all subscription funds in the Escrow Account to the Company. Thereafter,
the Escrow Agent shall (i) disburse to the Company, by check or wire transfer, the funds in the Escrow Account representing the
principal amount of the gross subscription payments from Subscribers received by the Escrow Agent, and (ii) within ten (10) business
days after the first business day of the succeeding month, disburse to such Subscribers any interest accrued thereon; provided,
however, that the Escrow Agent shall not disburse those funds of a Subscriber whose subscription has been rejected or rescinded
of which the Escrow Agent has been notified by the Company, or otherwise in accordance with the Company’s written request.

 

(c)         After the satisfaction
of the provisions of this Section 2 with respect to the disbursement of funds, in the event that the Company receives subscriptions
made payable to the Escrow Agent, subscription proceeds may continue to be received in the Escrow Account, but to the extent that
the process shall not be subject to escrow due to the Company reaching the Minimum Amount, the proceeds shall not be subject to
this Escrow Agreement, and at the instruction of the Company to the Escrow Agent, shall be transferred from the Escrow Account
or deposited into, as the case may be, a commercial deposit account in the name of the Company with the Escrow Agent (the “Deposit
Account”) that has been previously established by the Company, unless otherwise directed by the Company. No provisions
of this Escrow Agreement shall apply to the Deposit Account.

 

(d)         If, as of the Expiration
Date, the funds in the Escrow Account do not equal or exceed the Minimum Amount, the Escrow Agent shall promptly notify the
Company. Within ten (10) days following the Company’s receipt of such notice, the Escrow Agent shall promptly return directly
to each Subscriber (i) by check or wire transfer, the subscription funds deposited in the Escrow Account on behalf of such Subscriber
(unless earlier disbursed in accordance with this Escrow Agreement), or (ii) the Instruments of Payment delivered to the Escrow
Agent with respect to such Subscriber’s subscription if such Instrument of Payment has not been processed for collection
prior to such time, in either case, together with any interest income thereon. Notwithstanding the above, in the event the Escrow
Agent has not received an executed IRS Form W-9 at such time for each Subscriber, the Escrow Agent shall remit an amount to the
Subscribers in accordance with the provisions hereof, withholding the applicable percentage for backup withholding required by
the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), from any interest income on subscription
proceeds attributable to each Subscriber for whom the Escrow Agent does not possess an executed IRS Form W-9. However, the Escrow
Agent shall not be required to remit any payments until the Escrow Agent has collected funds represented by such payments.

 

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3.         Identity
of Subscribers.

 

The Company or the
Dealer Manager shall furnish to the Escrow Agent with each delivery of an Instrument of Payment, a list of the Subscribers
who have paid for the Shares showing the name, address, tax identification number, amount of Shares subscribed for and the
amount paid and deposited with the Escrow Agent. This information comprising the identity of Subscribers shall be provided to
the Escrow Agent in the format set forth on Exhibit A to this Escrow Agreement (the “List of
Subscribers”). All Subscriber’s funds so deposited shall not be subject to any liens or charges by the
Company, the Dealer Manager or the Escrow Agent, or judgments or creditors’ claims against the Company, until released
to the Company as provided herein. The Company understands and agrees that the Company shall not be entitled to any
Subscriber’s funds on deposit in the Escrow Account and no such funds shall become the property of the Company except
when released to the Company pursuant to this Escrow Agreement. The Company, the Dealer Manager and the Escrow Agent will
treat all Subscriber information as confidential. The Escrow Agent shall not be required to accept any funds from Subscribers
which are not accompanied by the information on the List of Subscribers.

 

4.         Rejected
Subscriptions.

 

In the event the Escrow
Agent receives written notice from the Company or the Dealer Manager that the Company or Dealer Manager has rejected a Subscriber’s
subscription, the Escrow Agent shall pay to the applicable Subscriber, within ten (10) business days after receiving notice of
the rejection, by first class United States mail at the address appearing on the List of Subscribers, or at such other address
or fed wire instructions as are furnished to the Escrow Agent by the Subscriber in writing, all collected sums paid by the Subscriber
for Shares and received by the Escrow Agent, together with any interest earned thereon.

 

5.         Term
of Escrow.

 

Unless otherwise provided
in this Escrow Agreement, final termination of this Escrow Agreement shall occur on the date that (a) all funds held in the Escrow
Account are distributed either to the Company or to Subscribers and the Company has informed the Escrow Agent in writing to close
the Escrow Account, (b) all funds held in the Escrow Account are distributed to a successor escrow agent upon written instructions
from the Company or (c) the Escrow Agent receives written notice from the Company or the Dealer Manager that the Company terminated
the Offering. After the termination of this Escrow Agreement, the Company and the Dealer Manager shall not deposit, and the Escrow
Agent shall not accept, any additional amounts representing payments by prospective Subscribers.

 

6.         Duty
and Limitation on Liability of the Escrow Agent.

 

(a)         The
Escrow Agent’s rights and responsibilities shall be governed solely by this Escrow Agreement. Neither the Offering documents,
nor any other agreement or document shall govern the Escrow Agent even if such other agreement or document is referred to herein,
is deposited with, or is otherwise known to, the Escrow Agent.

 

(b)         The
Escrow Agent shall be under no duty to determine whether the Company or the Dealer Manager is complying with the requirements
of the Offering or applicable securities or other laws in tendering the Subscriber Funds to the Escrow Agent. The Escrow Agent
shall not be responsible for, or be required to enforce, any of the terms or conditions of any Offering document or other agreement
between the Company or the Dealer Manager and any other party.

 

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(c)         The
Escrow Agent may conclusively rely upon and shall be fully protected in acting upon any statement, certificate, notice,
request, consent, order, opinion or advice of counsel, or other document believed by it to be genuine and to have been signed
or presented by the Company or the Dealer Manager. The Escrow Agent shall have no duty or liability to verify any such
statement, certificate, notice, request, consent, order or other document. Upon or before the execution of this Escrow
Agreement, the Company and the Dealer Manager shall deliver to the Escrow Agent authorized signers’ lists in the form
of Exhibit B to this Escrow Agreement. The Escrow Agent shall not be bound by any notice of demand, or any waiver,
modification, termination or rescission of this Escrow Agreement or any of the terms hereof, unless evidenced by a writing
delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are
affected, unless it shall give its prior written consent thereto. The Escrow Agent shall not be responsible, may conclusively
rely upon and shall be protected, indemnified and held harmless by the Company and by the Dealer Manager, acting jointly and
severally, for the sufficiency or accuracy of the form of, or the execution, validity, value or genuineness of any document
or property received, held or delivered by it hereunder, or of the signature or endorsement thereon, or for any description
therein; nor shall the Escrow Agent be responsible or liable in any respect on account of the identity, authority or rights
of the persons executing or delivering or purporting to execute or deliver any document, property or this Escrow
Agreement.

 

(d)         The
Escrow Agent shall be under no obligation to institute and/or defend any action, suit or proceeding in connection with this Escrow
Agreement unless first indemnified to its reasonable satisfaction.

 

(e)         The
Escrow Agent may consult outside counsel of its own choice with respect to any question arising under this Escrow Agreement and
the Escrow Agent shall not be liable for any action taken or omitted in good faith upon the advice of such counsel.

 

(f)         The
Escrow Agent shall not be liable for any action taken or omitted by it except to the extent that a court of competent jurisdiction
determines that the Escrow Agent’s gross negligence or willful misconduct was the primary cause of loss.

 

(g)         The
Escrow Agent is acting solely as escrow agent hereunder and owes no duties, covenants or obligations, fiduciary or otherwise,
to any person by reason of this Escrow Agreement, except as otherwise explicitly set forth in this Escrow Agreement, and no implied
duties, covenants or obligations, fiduciary or otherwise shall be read into this Escrow Agreement against the Escrow Agent. The
Escrow Agent shall have no duty to enforce any obligation of any person, other than as provided herein. The Escrow Agent shall
be under no liability to anyone by reason of any failure on the part of any party hereto or any maker, endorser or other signatory
of any document or any other person to perform such person’s obligations under any such document. Except as set forth in
(f) above, the Escrow Agent shall not be liable for any action taken or omitted by it, or any action suffered by it to be taken
or omitted, in good faith, and in the exercise of its own best judgment.

 

(h)         In
the event of any disagreement between any of the parties to this Escrow Agreement, or between any of them and any other
person, including any Subscriber, resulting in adverse or conflicting claims or demands being made in connection with the
matters covered by this Escrow Agreement, or in the event that the Escrow Agent is in doubt as to what action it should take
hereunder, the Escrow Agent may, at its option, refuse to comply with any claims or demands on it, or refuse to take any
other action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent
shall not be or become liable in any way or to any person for its failure or refusal to act, and the Escrow Agent shall be
entitled to continue so to refrain from acting until (i) the rights of all interested parties shall have been fully and
finally adjudicated by a court of competent jurisdiction, or (ii) all differences shall have been adjudged and all doubt
resolved by agreement among all of the interested persons, and the Escrow Agent shall have been notified thereof in writing
signed by all such persons. Notwithstanding the foregoing, the Escrow Agent may in its discretion obey the order, judgment,
decree or levy of any court, with jurisdiction, and the Escrow Agent is hereby authorized in its sole discretion to comply
with and obey any such orders, judgments, decrees or levies. In the event that the Escrow Agent shall become involved in any
arbitration or litigation relating to the Subscriber Funds, the Escrow Agent is authorized to comply with any decision
reached through such arbitration or litigation.

 

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(i)         In
the event that any controversy should arise with respect to this Escrow Agreement, the Escrow Agent shall have the right, at its
option, to institute an interpleader action in any court of competent jurisdiction to determine the rights of the parties.

 

(j)         IN
NO EVENT SHALL THE ESCROW AGENT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES
OF ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION.

 

(k)         The
parties agree that the Escrow Agent had no role in the preparation of the Offering documents, has not reviewed any such documents,
and makes no representations or warranties with respect to the information contained therein or omitted therefrom.

 

(l)         The
Escrow Agent shall have no obligation, duty or liability with respect to compliance with any federal or state securities, disclosure
or tax laws concerning the Offering documents or the issuance, offering or sale of the Shares.

 

(m)         The
Escrow Agent shall have no duty or obligation to monitor the application and use of the Subscriber Funds once transferred to the
Company, that being the sole obligation and responsibility of the Company.

 

7.         Escrow
Agent’s Fee. The Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached
hereto as Exhibit C, which compensation shall be paid by the Company. The fee agreed upon for the services rendered
hereunder is intended as full compensation for the Escrow Agent’s services as contemplated by this Escrow Agreement; provided,
however, that in the event that the conditions for the disbursement of funds under this Escrow Agreement are not fulfilled, or
the Escrow Agent renders any material service not contemplated in this Escrow Agreement, or there is any assignment of interest
in the subject matter of this Escrow Agreement, or any material modification hereof, or if any material controversy arises hereunder,
or the Escrow Agent is made a party to any litigation relating to this Escrow Agreement, or the subject matter hereof, then the
Escrow Agent shall be reasonably compensated for such extraordinary services and reimbursed for all costs and expenses, including
reasonable attorney’s fees and expenses, occasioned by any delay, controversy, litigation or event, and the same shall be
paid by the Company. The Company’s obligations under this Section 7 shall survive the resignation or removal of the Escrow
Agent and the assignment or termination of this Escrow Agreement.

 

8.         Investment
of Subscriber Funds; Income Allocation and Reporting.

 

(a)         The
Escrow Agent shall invest the Subscriber Funds, including any and all interest and investment income, in accordance with the written
instructions provided to the Escrow Agent and signed by the Company. In the absence of written investment instructions from the
Company, the Escrow Agent shall deposit and invest the Subscriber Funds, including any and all interest and investment income,
in UMB Money Market Special, a UMB money market deposit account. Any interest received by the Escrow Agent with respect
to the Subscriber Funds, including reinvested interest shall become part of the Subscriber Funds, and shall be disbursed pursuant
to this Escrow Agreement. The Company agrees that, for tax reporting purposes, all interest or other taxable income earned on
the Subscriber Funds in any tax year shall be taxable to the Company. Notwithstanding anything herein to the contrary, funds in
the Escrow Account may only be invested in “Short Term Investments” in compliance with Rule 15c2-4 of the Exchange
Act.

 

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(b)         The
Escrow Agent shall be entitled to sell or redeem any such investments as the Escrow Agent deems necessary to make any payments
or distributions required under this Escrow Agreement. The Escrow Agent shall have no responsibility or liability for any loss
which may result from any investment or sale of investment made pursuant to this Escrow Agreement. The parties acknowledge that
the Escrow Agent is not providing investment supervision, recommendations, or advice.

 

(c)         At any time pursuant
to this Escrow Agreement interest income earned on Subscriber Funds deposited in the Escrow Account (“Escrow Income”)
is to be paid to a Subscriber, the Escrow Agent shall promptly provide directly to such Subscriber the amount of Escrow Income
payable to such Subscriber; provided that the Escrow Agent is in possession of such Subscriber’s executed IRS Form W-9.
In the event an executed IRS Form W-9 is not received for each Subscriber the Escrow Agent shall remit an amount to the Subscribers
in accordance with the provisions hereof, withholding the applicable percentage for backup withholding required by the Internal
Revenue Code, as then in effect, from any Escrow Income attributable to those Subscribers for whom the Escrow Agent does not possess
an executed IRS Form W-9. Escrow Income shall be remitted to Subscribers at the address provided by the Dealer Manager or the
Company to the Escrow Agent, which the Escrow Agent shall be entitled to rely upon, and without any deductions for escrow expenses.

 

(d)         The
Company agrees to indemnify and hold the Escrow Agent harmless from and against any and all taxes, additions for late payment,
interest, penalties and other expenses that may be assessed against the Escrow Agent on or with respect to the Subscriber Funds
unless any such tax, addition for late payment, interest, penalties and other expenses shall be determined by a court of competent
jurisdiction to have been primarily caused by the Escrow Agent’s gross negligence or willful misconduct. The terms of this
paragraph shall survive the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

 

9.         Notices.
All notices, requests, demands, and other communications under this Escrow Agreement shall be in writing and shall be deemed
to have been duly given (a) on the date of service if served personally on the party to whom notice is to be given, (b) on the
day of transmission if sent by facsimile to the facsimile number given below, with written confirmation of receipt, (c) on the
day after delivery to Federal Express or similar overnight courier or the Express Mail service maintained by the United States
Postal Service, or (d) on the fifth day after mailing, if mailed to the party to whom notice is to be given, by registered or
certified mail, postage prepaid, and properly addressed, return receipt requested, to the party as follows, provided, however,
that notice to the Escrow Agent will be deemed give upon receipt by the Escrow Agent:

 

If to the Company:

Moody National
REIT II, Inc.

6363 Woodway Drive

Suite 110

Houston, Texas 77057

Attn:Treasurer

Facsimile: (713) 977-7505

 

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If to Dealer Manager:

Moody Securities,
LLC

6363 Woodway Drive

Suite 110

Houston, Texas 77057

Attn:Compliance Officer

Facsimile: (949) 786-7505

 

If to Escrow Agent:

UMB Bank,
N.A.

1010 Grand Blvd, 4th Floor

Kansas City, Missouri 64106

Attn: Lara Stevens, Corporate Trust Dept. & Escrow Services

Facsimile: (816) 860-3029

 

Any party may change its address for purposes of this
section by giving the other party written notice of the new address in the manner set forth above.

 

10.         Indemnification
of Escrow Agent. The Company and the Dealer Manager hereby jointly and severally indemnify, defend and hold harmless the Escrow
Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable counsel
fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against the
Escrow Agent arising out of or relating in any way to this Escrow Agreement or any transaction to which this Escrow Agreement
relates unless such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have
been primarily caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section 10 shall survive
the assignment or termination of this Escrow Agreement and the resignation or removal of the Escrow Agent.

 

11.         Resignation.
The Escrow Agent may resign upon thirty (30) days’ advance written notice to the Company. If a successor escrow agent is
not appointed within the thirty (30) day period following such notice, the Escrow Agent may petition any court of competent jurisdiction
to name a successor escrow agent or interplead the Subscriber Funds with such court, whereupon the Escrow Agent’s duties
hereunder shall terminate.

 

12.         Successors
and Assigns. Except as otherwise provided in this Escrow Agreement, no party hereto shall assign this Escrow Agreement
or any rights or obligations hereunder without the prior written consent of the other parties hereto and any such attempted assignment
without such prior written consent shall be void and of no force and effect. This Escrow Agreement shall inure to the benefit
of and shall be binding upon the successors and permitted assigns of the parties hereto. Any corporation or association into which
the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or
substantially all of its corporate trust business and assets in whole or in part, or any corporation or association resulting
from any such conversion, sale, merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the
successor escrow agent under this Escrow Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges
as its predecessor, without the execution or filing of any instrument or paper or the performance any further act.

 

13.         Governing
Law; Jurisdiction. This Escrow Agreement shall be construed, performed, and enforced in accordance with, and governed
by, the internal laws of the State of Missouri, without giving effect to the principles of conflicts of laws thereof.

 

14.         Severability.
In the event that any part of this Escrow Agreement is declared by any court or other judicial or administrative body to
be null, void, or unenforceable, said provision shall survive to the extent it is not so declared, and all of the other provisions
of this Escrow Agreement shall remain in full force and effect.

 

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15.         Amendments;
Waivers. This Escrow Agreement may be amended or modified, and any of the terms, covenants, representations,
warranties, or conditions hereof may be waived, only by a written instrument executed by the parties hereto, or in the case of
a waiver, by the party waiving compliance. Any waiver by any party of any condition, or of the breach of any provision, term,
covenant, representation, or warranty contained in this Escrow Agreement, in any one or more instances, shall not be deemed to
be nor construed as further or continuing waiver of any such condition, or of the breach of any other provision, term, covenant,
representation, or warranty of this Escrow Agreement. The Company and the Dealer Manager agree that any requested waiver, modification
or amendment of this Escrow Agreement shall be consistent with the terms of the Offering.

 

16.         Entire
Agreement. This Escrow Agreement contains the entire understanding among the parties hereto with respect to the escrow
contemplated hereby and supersedes and replaces all prior and contemporaneous agreements and understandings, oral or written,
with regard to such escrow.

 

17.         References
to Escrow Agent. Other than disclosures required to be disclosed in Offering documents, no printed or other matter
in any language (including, without limitation, the Offering document, any supplement or amendment relating thereto, notices,
reports and promotional material) which mentions the Escrow Agent’s name or the rights, powers, or duties of the Escrow
Agent shall be issued by the Company or the Dealer Manager, or on the Company’s or Dealer Manager’s behalf unless
the Escrow Agent shall first have given its specific written consent thereto.

 

18.         Section
Headings. The section headings in this Escrow Agreement are for reference purposes only and shall not affect
the meaning or interpretation of this Escrow Agreement.

 

19.         Counterparts.
This Escrow Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute
the same instrument.

 

20.         Electronic
Transactions. The parties hereto agree that the transactions described herein may be conducted and related documents
may be stored by electronic means. Copies, telecopies, facsimiles, electronic files and other reproductions of original executed
documents shall be deemed to be authentic and valid counterparts of such original documents for all purposes, including the filing
of any claim, action or suit in the appropriate court of law.

 

21.         Patriot
Act Compliance; Tax Matters. Pursuant to the Subscription Agreement completed by Subscribers, the Company and the Dealer Manager
agree to provide the Escrow Agent completed Forms W-9 (or Forms W-8, in the case of non-U.S. persons) and other forms and documents
that the Escrow Agent may reasonably request (collectively, “Tax Reporting Documentation”) at the time of execution
of this Escrow Agreement and any information reasonably requested by the Escrow Agent to comply with the USA Patriot Act of 2001,
as amended from time to time. The parties hereto understand that if such Tax Reporting Documentation is not so certified to the
Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code, as it may be amended from time to time, to withhold
a portion of any interest or other income earned on the investment of monies or other property held by the Escrow Agent pursuant
to this Escrow Agreement. The Company shall be treated as the owner of the Subscriber Funds for federal and state income tax purposes
and the Company will report all income, if any, that is earned on, or derived from, the Subscriber Funds as its income, in such
proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

 

[Signature page follows.]

 

    	9

    	 

    

 

IN WITNESS WHEREOF, the parties hereto
have caused this Escrow Agreement to be executed the day and year first set forth above.

 

MOODY NATIONAL REIT II, INC.

  

 

Brett C. Moody

Chief Executive Officer and President

 

MOODY SECURITIES, LLC, as Dealer Manager

  

 

Name:

Title:

 

UMB BANK, N.A., as Escrow Agent

 

 

Lara Stevens 

Vice President

 

    	10

    	 

    

  

EXHIBIT A

 

LIST OF SUBSCRIBERS

 

Pursuant to the Escrow Agreement dated [__],
2014 by and between Moody National REIT II, Inc. (the “Company”), Moody Securities, LLC (the “Dealer
Manager”) and UMB Bank, N.A., as escrow agent (the “Escrow Agent”), the Company and the Dealer Manager
hereby certify that the following investors have paid money for the purchase of the Shares in the Company and the money has been
deposited with the Escrow Agent:

 

	1.	Name of Subscriber
	 	Address

Tax Identification Number

Amount of Securities subscribed for

Amount of money paid and deposited with Escrow Agent

 

	2.	Name of Subscriber
	 	Address
 Tax Identification Number 
 Amount of Securities subscribed for 
 Amount of money paid and deposited with Escrow Agent  

  

MOODY SECURITIES, LLC, as Dealer Manager

 

By: 

 

 

Its:

 

MOODY NATIONAL REIT II, INC.

 

By: 

 

 

Its:

 

    	 

    	 

    

  

EXHIBIT B

 

CERTIFICATE AS TO AUTHORIZED SIGNATURES

 

Account Name: Moody National REIT II, Inc. Subscription
Escrow

 

The specimen signatures shown below are the
specimen signatures of the individuals who have been designated as Authorized Representatives of, and are authorized to initiate
and approve transactions of all types for the above-mentioned account on behalf of Moody National REIT II, Inc.

 

	Name/Title	 	Specimen Signature	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

    	 

    	 

    

  

EXHIBIT C

 

ESCROW AGENT FEE

 

	Acceptance Fee 	 	 
	 	Review escrow agreement, establish account	 	$3,250
	 	 	 	 
	Annual Fees 	 	 
	 	Annual Escrow Agent	 	$2,500
	 	 	 	 
	Transactional Fees	 	 
	 	Outgoing Wire Transfer	 	$35 each
	 	Overnight Delivery/Mailings	 	$16.50 each
	 	IRS Tax Reporting	 	$10 per 1099
	 	Daily BAI File to Transfer Agent	 	$2.50 per Business Day
	 	Daily Wire Ripping to Transfer Agent	 	$10 per Business Day

 

Acceptance fee and first year Annual Escrow
Agent fee will be payable at the initiation of the escrow. Thereafter, the Annual Escrow Agent fees will be billed in advance
and Transactional Fees will be billed quarterly in arrears. Other fees and expenses will be billed as incurred.

 

Fees specified are for the regular, routine
services contemplated by the Escrow Agreement, and any additional or extraordinary services, including, but not limited to disbursements
involving a dispute or arbitration, or administration while a dispute, controversy or adverse claim is in existence, will be charged
based upon time required at the then standard hourly rate. In addition to the specified fees, all expenses related to the administration
of the Escrow Agreement (other than normal overhead expenses of the regular staff) such as, but not limited to, travel, postage,
shipping, courier, telephone, facsimile, supplies, legal fees, accounting fees, etc., will be reimbursable.

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