Document:

Agreement for Lock-Up and Issuance of Shares

WHEREAS, Pricester.com, Inc. hereafter the "Corporation", is in the
process of registering a portion of its securities for sale to the
public;

WHEREAS, Dennis C. Jordan (100,000 shares) and James DePelisi (100,000
shares) are shareholders of the Corporation and are listed as Selling
Securityholders in the registration statement; and

WHEREAS, the Corporation, these individuals and the entities wish to
avoid any conflicts of interest regarding the public offering.

IT IS HEREBY AGREED that the undersigned will not sell any of their
Common Shares of the Corporation, with the exception of 10,000 shares
(5,000 Common Shares for Dennis Jordan, and 5,000 Common Shares for
James DePelisi), as disclosed in the "Selling Securityholders" section
of the registration statement filed with the Securities and Exchange
Commission, until 365 days after the first date of trading in the
public market by Pricester.Com.

IT IS HEREBY AGREED that Pricester.Com, Inc. will release the above
mentioned 10000 Common Shares (5,000 Common Shares for Dennis Jordan
and 5,000 Common Shares for James DePelisi) as soon as Pricester.Com
becomes effective with the Securities and Exchange Commission (SEC).

IT IS HEREBY AGREED that Pricester.Com will also issue 250,000 Common
Shares of Restricted Stock to James DePelisi, and 250,000 Common Shares
of Restricted Stock to Dennis Jordan, upon becoming effective with the
SEC, and immediately upon receipt of the 15c2-11 Clearance Letter to
Trade from the NASD.

IT IS HEREBY AGREED that the 250,000 Common Shares of Restricted Stock
for Mr. Jordan, will be issued by and from Pricester.Com to Dennis
Jordan for Organizational and Developmental Services.      Also, the
250,000 Common Shares of Restricted Stock for Mr. DePelisi, will be
issued by and from Pricester.Com to James DePelisi for Organizational
and Developmental Services.

Agreed to this 21st day of July, 2004

Pricester.Com, Inc.

By:/s/ Bernard Gutman
------------------------------------
Bernard Gutman, Chairman

/s/Dennis C. Jordan
------------------------------------
Dennis C. Jordan, individually

/s/James DePelisi
------------------------------------
James DePelisi, individuallyExhibit 10.1

    
      

    

    Exhibit
      10.1

    

    CHANGE
      OF CONTROL AGREEMENT

    

    

    THIS
      AGREEMENT
      effective July 1, 2005, by and between HERSHA HOSPITALITY TRUST, a Maryland
      real
      estate investment trust, (the “Company”), and Michael R. Gillespie (the
“Executive”).

    

    W
      I T N E S S E T H:

    

    WHEREAS,
      the
      Company desires to employ the Executive to serve as the Chief Accounting
      Officer; and 

    

    WHEREAS,
      the
      parties desire to enter into this Change of Control Agreement effective as
      of
      July 1, 2005 as set forth herein.

    

    NOW,
      THEREFORE,
      in
      consideration of the premises and mutual obligations hereinafter set forth
      the
      parties agree as follows:

    

    1.    Employment.
      The
      Company shall employ the Executive, and the Executive agrees to be so employed,
      as the Chief Accounting Officer of the Company on the terms set forth
      herein.

    

    2.    Term.
      The
      term
      (the “Term”) of the Executive’s employment hereunder shall commence on July 1,
      2005 and shall continue until terminated by either party upon not less than
      thirty (30) days’ prior notice to the other party. Notwithstanding the
      foregoing, termination of this Agreement and any termination of the Executive’s
      employment hereunder shall be subject to the provisions of Sections 5 and 6
      of
      this Agreement.

    

    3.    Services.
      The
      Executive shall devote such amount of his time and attention to the Company’s
      affairs as are necessary to perform his duties to the Company. The Executive
      shall have authority and responsibility with respect to the day-to-day
      operations and management of the Company and Hersha Hospitality Limited
      Partnership (the “Partnership”), for which the Company currently serves as sole
      general partner, and the Company’s other subsidiaries, as well as implementation
      of the long range growth strategy of the Company and the Partnership and other
      subsidiaries of the Company, consistent with direction from the Company’s Board
      of Trustees (the “Board”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.    Compensation.

    

    (a)    During
      the Term, the Company shall pay the Executive for his services an initial annual
      base salary of $140,000, to be paid in accordance with the Company’s regular
      payroll procedures, subject to any increases approved by the Compensation
      Committee of the Board (the “Compensation Committee”).

    

    5.    Definitions.
      For
      purposes of this Agreement, the following terms shall have the following
      definitions:

    

    (a)    “Voluntary
      Termination”
      means,
      the Executive’s voluntary termination of his employment hereunder, which may be
      effected by the Executive giving the Board not less than thirty (30) days’ prior
      written notice of the Executive’s desire to terminate his employment or the
      Executive’s failure to provide substantially all the services described in
      Section 3 hereof for a period greater than four consecutive weeks by reason
      of
      the Executive’s voluntary refusal to perform such services. Notwithstanding the
      foregoing, if the Executive gives notice of Voluntary Termination and, prior
      to
      the expiration of the notice period, the Executive voluntarily refuses or fails
      to provide substantially all the services described in Section 3 hereof for
      a
      period greater than two consecutive weeks, the Voluntary Termination shall
      be
      deemed to be effective as of the date on which the Executive so ceases to carry
      out his duties. For purposes of this Section 5, voluntary refusal to perform
      services shall not include taking vacation otherwise permitted, the Executive’s
      failure to perform services on account of his illness or the illness of a member
      of his immediate family (provided such illness is adequately substantiated
      at
      the reasonable request of the Company), or any other absence from service with
      the written consent of the Board. A Voluntary Termination shall not include
      the
      Executive’s resignation with Good Reason (as defined below).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)    “Termination
      Without Cause”
      means
      the termination of the Executive’s
      employment by the Company for any reason other than Voluntary Termination or
      Termination With Cause.

     

    
      (c)    “Termination
        With Cause”
        means
        the termination of the Executive’s
        employment by act of the Board for any of the following reasons:

      

      (i)    the
        Executive’s conviction for a felony;

      

      (ii)    the
        Executive’s theft, embezzlement, misappropriation of or
        intentional and malicious infliction of damage to the Company’s (or its
        subsidiaries’) property or business opportunity;

      

      (iii)    the
        Executive’s continuous neglect of his duties hereunder or his continuous failure
        or refusal to follow any reasonable, unambiguous duly adopted written direction
        of the Board or any duly constituted committee thereof that is not inconsistent
        with the description of the Executive’s duties set forth in Section 3 above
        and;

      

      (v)    the
        Executive’s abuse of alcohol, drugs or other substances, or his engaging in
        other deviant personal activities in a manner that, in the reasonable judgment
        of the Board, adversely affects the reputation, goodwill or business position
        of
        the Company.

      

      6.    Voluntary
        Termination; Termination With Cause.    If
        (i)
        the Executive shall cease being an employee of the Company on account of
        a
        Voluntary Termination or (ii) there shall be a Termination With Cause, the
        Executive shall not be entitled to any compensation after the effective date
        of
        such Voluntary Termination or Termination With Cause (except base salary
        and
        vacation accrued but unpaid on the effective date of such event). 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      7.    Change
        of Control Compensation.
        

      

      (a)    Compensation.
        In
        the
        event of a Change of Control (as defined below), during the first year of
        employment, and a subsequent Termination Without Cause, the Company shall
        pay
        the Executive his pro-rata annual salary, bonus and health insurance benefits
        for a period of three months following the termination. In the event of a
        Change
        of Control (as defined below), during the second and third year of employment,
        and a subsequent Termination Without Cause, the Company shall pay the Executive
        his pro-rata annual salary, bonus and health insurance benefits for a period
        of
        six months following the termination. In the event of a Change of Control
        (as
        defined below) and subsequent Termination Without Cause, the Company shall
        fully
        vest the Executive’s share awards and stock options, regardless of any vesting
        schedule. At the Executive’s election, the Change of Control compensation may be
        made in one lump sum upon termination or in three equal monthly payments
        for the
        three months following such termination. 

      

      (b)    A
        “Change
        of Control”,
        for
        purposes of this Agreement, shall be deemed
        to
        have occurred if, at any time during the Term, any of the following events
        occurs:

      

      (i)    any
        “person”, as that term is used in Section 13(d) and Section
        14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange
        Act”), becomes, is discovered to be, or files a report on Schedule l3D or 14D-l
        (or any successor schedule, form or report) disclosing that such person is,
        a
        beneficial owner (as defined in Rule 13d-3 under the Exchange Act or any
        successor rule or regulation), directly or indirectly, of securities of the
        Company representing 50% or more of the combined voting power of the Company’s
        then outstanding securities entitled to vote generally in the election of
        directors;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (ii)    individuals
        who, as of the Effective Date, constitute the Board
        cease for any reason to constitute at least a majority of the Board, unless
        any
        such change is approved by the vote of at least 80% of the members of the
        Board
        in office immediately prior to such cessation;

      

      

      (iii)    the
        Company is merged, consolidated or reorganized into or
        with
        another corporation or other legal person, or securities of the Company are
        exchanged for securities of another corporation or other legal person, and
        immediately after such merger, consolidation, reorganization or exchange
        less
        than a majority of the combined voting power of the then-outstanding securities
        of such corporation or person immediately after such transaction are held,
        directly or indirectly, in the aggregate by the holders of securities entitled
        to vote generally in the election of directors of the Company immediately
        prior
        to such transaction;

      

      

      (iv)    the
        Company in any transaction or series of related transactions,
        sells all or substantially all of its assets to any other corporation or
        other
        legal person and less than a majority of the combined voting power of the
        then-
        outstanding securities of such corporation or person immediately after such
        sale
        or sales are held, directly or indirectly, in the aggregate by the holders
        of
        securities entitled to vote generally in the election of directors of the
        Company immediately prior to such sale;

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      (v)    the
        Company and its affiliates shall sell or transfer of (in a single
        transaction or series of related transactions) to a non-affiliate business
        operations or assets that generated at least two-thirds of the consolidated
        revenues (determined on the basis of the Company’s four most recently completed
        fiscal quarters for which reports have been filed under the Exchange Act)
        of the
        Company and its subsidiaries immediately prior thereto;

      

      (vi)    the
        Company files a report or proxy statement with the Securities and Exchange
        Commission pursuant to the Exchange Act disclosing in response to Form 8-K
        (or
        any successor, form or report or item therein) that a change in control of
        the
        Company has occurred; or

      

      (vii)    any
        other
        transaction or series of related transactions occur that have substantially
        the
        effect of the transactions specified in any of the preceding clauses in this
        sentence.

      

      (c)    Certain
        Transactions.,
        Unless
        otherwise determined in a specific case by majority vote of the Board of
        Trustees of the Company, a Change of Control shall not be deemed to have
        occurred for purposes of this Agreement solely because (i) the Company, (ii)
        an
        entity in which the Company directly or indirectly beneficially owns 50%
        or more
        of the voting securities or (iii) any Company-sponsored employee stock ownership
        plan, or any other employee benefit plan of the Company, either files or
        becomes
        obligated to file a report or a proxy statement under or in response to Schedule
        13D, Schedule 14D-l, Form 8-K or Schedule 14A (or any successor schedule,
        form
        or report or item thereon) under the Exchange Act, disclosing beneficial
        ownership by it of shares of stock of the Company, or because the Company
        reports that a Change of Control of the Company has or may have occurred
        or will
        or may occur in the future by reason of such beneficial ownership.

      

      (d)    Good
        Reason. “Good
        Reason,” for purposes of this Agreement, shall be deemed to mean any of the
        following:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (i)    a
        change
        in the Executive’s status, position or responsibilities (including reporting
        responsibilities) which, in the Executive’s reasonable judgment, does not
        represent a promotion from the Executive’s status, position or responsibilities
        as in effect immediately prior to a Change of Control; the assignment to
        the
        Executive of any duties or responsibilities which, in the Executive’s reasonable
        judgment, are inconsistent with such status, position or responsibilities;
        or
        any removal of the Executive from or failure to reappoint or reelect the
        Executive to any of such positions, except in connection with a Termination
        With
        Cause as defined in Section 5(c), as a result of the Executive’s death or
        Permanent Disability, or by Voluntary Termination;

      

      (ii)    a
        reduction in the Executive’s base salary bonus arrangement as in effect on the
        date hereof or as the same may be increased from time to time;

      

      (iii)    the
        relocation of the Company’s executive offices to a location outside a
        thirty-mile radius of New Cumberland, Pennsylvania and Philadelphia,
        Pennsylvania and/or the Company’s requiring the Executive to be based at any
        place other than a location within a thirty-mile radius of New Cumberland,
        Pennsylvania or Philadelphia, Pennsylvania, except for reasonably required
        travel on the Company’s business which is not materially greater than such
        travel requirements prior to the Change of Control;

      

      (iv)    the
        failure by the Company to continue to provide the Executive with compensation
        and benefits provided for under this agreement or benefits substantially
        similar
        to those provided to the Executive under any of the employee benefit plans
        in
        which the Executive is or becomes a participant, or the taking of any action
        by
        the Company which would directly or indirectly materially reduce any of such
        benefits or deprive the Executive of any material fringe benefit enjoyed
        by the
        Executive at the time of the Change of Control;

      

      (v)    any
        material breach by the Company of any provision of this
        Agreement; or

      

      (vi)    the
        failure of the Company to obtain a satisfactory agreement from any successor
        or
        assign of the Company to assume and agree to perform this Agreement.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      8.    Applicable
        Law.
        This
        Agreement shall be governed and construed in accordance with the laws of
        the
        Commonwealth of Pennsylvania.

      

      9.    Assignment.
        The
        Executive acknowledges that his services are unique and personal. Accordingly,
        the Executive may not assign his rights or delegate his duties or obligations
        under this Agreement. The Company’s rights and obligations under this Agreement
        shall inure to the benefit of and shall be binding upon the Company’s successors
        and assigns.

      

      10.  
           Headings.
        Headings
        in this Agreement are for convenience only and shall not be used to interpret
        or
        construe its provisions.

      

      In
        WITNESS WHEREOF, the Parties hereto have executed this Change of Control
        Agreement as of the date first set forth above.

      

      
        	 	
                HERSHA
                  HOSPITALITY TRUST

              
	 	 
	 	
                BY:______________________________

              
	 	 
	 	
                EXECUTIVE

              
	 	 
	 	
                BY:
                  ______________________________

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