Document:

JOINDER AGREEMENT

This Joinder Agreement (this "Agreement") is dated June 29, 2018 (the "Effective Date") and is being entered into by and among Condor Hospitality Trust, Inc., a Maryland corporation (the "Company"), Real Estate Strategies L.P., a Bermuda limited partnership ("RES") and an affiliate of IRSA Inversiones y Representaciones Sociedad Anónima, an Argentine sociedad anónima ("IRSA"), Real Estate Investment Group VII L.P., a Bermuda limited partnership ("HoldCo") and a wholly-owned subsidiary of IRSA.

WHEREAS, RES advises the Company that, concurrently with the execution of this Agreement, it will transfer shares of common stock of the Company and shares of 6.25% Series E Cumulative Convertible Preferred Stock of the Company (the "Series E Preferred Stock") to Holdco;

WHEREAS, following such transfer, RES will hold shares of common stock of the Company and shares of Series E Preferred Stock;

WHEREAS, following such transfer, HoldCo will hold shares of common stock of the Company and shares of Series E Preferred Stock;

WHEREAS, RES and/or IRSA are parties to certain contracts with the Company; and

WHEREAS, RES and HoldCo are affiliates and wish to jointly hold all of RES' current rights, interests, obligations and liabilities under such contracts.

NOW, THEREFORE, the parties, intending to be legally bound hereby, and for good and valuable consideration as set forth herein, the receipt and sufficiency of which are hereby acknowledged, hereby incorporate the foregoing recitals and agree as follows:

1. Definitions.  For purposes of this Agreement:

"Contracts" mean, collectively, all of the following agreements:

	
(a)

	
Directors Designation Agreement dated as of February 1, 2012 by and among RES and the Company ("Directors Designation Agreement");

	
(b)

	
Investor Rights and Conversion Agreement dated as of February 1, 2012 by and among RES, IRSA, and the Company ("Investor Rights Agreement");

	
(c)

	
Registration Rights Agreement dated February 1, 2012 by and among RES, IRSA, and the Company ("Registration Rights Agreement");

	
(d)

	
Agreement dated March 16, 2016 by and among RES, IRSA, and the Company ("2016 Agreement");

	
(e)

	
Agreement dated February 28, 2017 by and among RES, IRSA, and the Company ("2017 Agreement"); and

	
(f)

	
Convertible Promissory Note dated March 16, 2016 by the Company to RES ("Promissory Note").

"Ownership Limitation Exemption" means exemption from the Company's charter prohibition on any shareholder beneficially owning more than 9.9% of common stock or 9.9% of any class or series of preferred stock of the Company granted pursuant to Article IX(A)(7) of the Company's Amended and Restated Articles of Incorporation.

2. Joinder

2.1 RES hereby consents to HoldCo becoming a party to the Contracts jointly with RES as though RES and HoldCo were a joint and original party thereto;

2.2 HoldCo hereby agrees to becoming a party to the Contracts jointly with RES as though RES and HoldCo were a joint and original party thereto and HoldCo (a) assumes jointly with RES all of the pre-existing and future obligations and liabilities of RES under the Contracts and jointly with RES accepts all current rights and privileges of RES under the Contracts, and (b) agrees to perform the Contracts and be bound by their respective terms in every way, as if it were the original party to the Contracts jointly with RES.

2.3 The Company and IRSA hereby consent to the foregoing.

2.4 For clarity of the intent of this Agreement, the defined term for RES in each of the Contracts shall mean the RES and HoldCo jointly but not severally, with the effect, but not limited to, the following:

	
(a)

	
the percentages for determining the number of director designees set forth in Section 2.02 of the Directors Designation Agreement and Section 2(d) of the 2017 Agreement shall be determined by the collective voting power of RES and HoldCo in the election of directors of the Company, and such director designations shall be made jointly, and not separately, by RES and HoldCo;

	
(b)

	
the minimum shareholdings for exercise of preemptive rights pursuant to Section 3 of the Investor Rights Agreement shall be determined by the collective shareholdings of the RES and HoldCo;

	
(c)

	
HoldCo holds 66.788227% of the interest in the Promissory Note; and

	
(d)

	
all requests or directions for Company performance under the terms of the Contracts will be made jointly, and not separately, by RES and HoldCo except for registration requests under the Registration Rights Agreement, which may be made separately.

3. Representations and Warranties of RES and HoldCo.  Each of RES and HoldCo jointly and severally represent and warrant to the Company:

3.1 It is duly organized and validly existing under the laws of the jurisdiction of its organization and is an "accredited investor" as defined in Regulation D under the Securities Act of 1933, as amended;

3.2 This Agreement and each transaction contemplated under this Agreement including the joinder under the Contracts are within its powers and have been duly authorized by all necessary corporate or partnership actions on its part. This Agreement has been duly executed and delivered by it and this Agreement, with respect to it, and the Contracts, with respect to each of RES and HoldCo, constitutes its and their legal, valid and binding obligation, enforceable in accordance with the respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law;

3.3 This Agreement and each transaction contemplated do not (i) require any consent, authorization of or approval of, registration or filing with, notice to, or any other action by any governmental authority or other third party which has not been received; (ii) violate its organizational documents; (iii) violate any Applicable Law, except for any such violation which could not reasonably be expected to result in a material adverse effect on the business or assets of the Company; (iv) violate or result in default or require any consent or approval which has not been received under any material contract binding upon it or its property; and (v) result in the creation or imposition of any lien, charge or encumbrance, on the Contracts;

3.4 There are no proceedings, at law or in equity, by or before any governmental authority now pending or, to its knowledge, threatened in writing against or affecting it or any of its business, property or rights that involve this Agreement or any of the transactions contemplated hereunder including assignment of the Contracts; and

3.5 Each has received all licenses, registrations, permits, consents and approvals of any type whatsoever necessary to enter into, and perform its obligations under, this Agreement and in connection with the transactions described herein, including the required consent of the holders of the Series E Preferred Stock for RES and HoldCo to receive an Ownership Limitation Exemption and the issuance of such Ownership Limitation Exemption by the Company.

4. Miscellaneous.

4.1 Successors and Assigns.  Any assignment of this Agreement or any of the rights or obligations under this Agreement by any of the parties hereto (whether by operation of law or otherwise) shall be void, invalid and of no effect without the prior written consent of the other parties hereto; provided, that any such assignment shall not release, or be construed to release the assignor from its duties and obligations under this Agreement. The terms and conditions of this Agreement inure to the benefit of and are binding upon the respective successors and permitted assignees of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein.

4.2 Governing Law.  This Agreement and any controversy arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of New York as to matters within the scope thereof, and as to all other matters shall be governed by and construed in accordance with the internal laws of New York, without regard to conflict of law principles that would result in the application of any law other than the law of the State of New York.

4.3 Counterparts; Facsimile.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed and delivered by portable document format (pdf) and in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

4.4 Titles and Subtitles.  The titles and subtitles used in this Agreement are for convenience only and are not to be considered in construing or interpreting this Agreement.

4.5 Notices.  All notices, requests, demands, and other communications hereunder shall be in writing (which shall include communications by e-mail) and shall be delivered (a) in person or by courier or overnight service, or (b) by e-mail with a copy delivered as provided in clause (a), as follows:

If to the Company:

1800 West Pasewalk Ave., Suite 200

Norfolk, Nebraska 68701

Attention: Chief Executive Officer

Telephone:  (402) 371-2520

 E-mail:  bblackham@trustcondor.com

with a copy (which shall not constitute notice) to:

4800 Montgomery Lane, Suite 220

Bethesda, Maryland 20814

Attention:  Chief Financial Officer

Telephone:  (402) 371-2520

 E-mail:  jgantt@trustcondor.com

Guy Lawson

McGrath North Mullin & Kratz, PC LLO

First National Tower, Suite 3700

1601 Dodge Street

Omaha, Nebraska  68102

Telephone: (402) 633-1402

 E-mail:  glawson@mcgrathnorth.com

If to RES or IRSA:  as set forth in the Directors Designation Agreement

If to HoldCo:  c/o IRSA

4.6 Amendments and Waivers.  Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance, and either retroactively or prospectively) only with the written consent of all parties hereto. No waivers of or exceptions to any term, condition, or provision of this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such term, condition, or provision.

4.7 Severability.  In case any one or more of the provisions contained in this Agreement is for any reason held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and such invalid, illegal, or unenforceable provision shall be reformed and construed so that it will be valid, legal, and enforceable to the maximum extent permitted by law.

4.8 Entire Agreement.  This Agreement (including any Schedules and Exhibits hereto) constitutes the full and entire understanding and agreement among the parties with respect to the subject matter hereof.

[Remainder of page intentionally left blank; signature page to follow]

1

IN WITNESS WHEREOF, this Agreement has been duly executed as of the Effective Date.

CONDOR HOSPITALITY TRUST, INC.

By:       /s/ J. William Blackham

Name:  J. William Blackam

Title:    President and Chief Executive Officer

REAL ESTATE STRATEGIES L.P.

		By:	
JIWIN S.A.

 General Partner

By:       /s/ Alejandro G. Elsztain

Name:  Alejandro G. Elsztain

Title:    Second Vice President

IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA

By:        /s/ Alejandro G. Elsztain

Name:   Alejandro G. Elsztain

Title:     Attorney

By: /s/ Gaston A. Lernoud

Name:    Gaston A. Lernoud

Title:      Attorney

REAL ESTATE INVESTMENT GROUP VII L.P.

		By:	
JIWIN S.A.

 General Partner

By:         /s/ Alejandro G. Elsztain

Name:    Alejandro G. Elsztain

Title:      Second Vice President

[Signature Page to Assignment and Assumption Agreement]ROCKY
MOUNTAIN HIGH BRANDS, INC.

ADVISORY
BOARD MEMBER

CONSULTING
AGREEMENT

HAL
KRAVITZ

 

THIS CONSULTANT AGREEMENT ("Agreement")
entered into effective June 1, 2018, between Rocky Mountain High Brands, Inc. (hereinafter "RMHB" or "Company")
and Hal Kravitz (hereinafter the "Consultant").

 

		1.	Term of Agreement.

 

		(a)	The term of this Agreement is one year, commencing
June 1, 2018. The parties hereto will, prior to the expiration of said one year, meet to determine if the parties desire to extend
the term or enter into a new agreement.

 

		(b)	This Agreement may be terminated with or
without cause upon 30 day written notice of such intent.

 

		2.	Duties.

 

		(a)	General Duties. The Consultant shall consult
with the Company as a member of the Advisory Board on any matters requested by the Company which Consultant has sufficient expertise.

 

		(b)	Devotion of Time. The Consultant shall devote
such business time, attention and energies to the fulfillment of his duties as an Advisory Board Member as deemed necessary. This
consists of periodic telephone updates and a quarterly Advisory Board meeting. Most meetings can be attended via conference call
in.

 

		3.	Compensation.

 

		(a)	Consultant shall be compensated in both cash of $1,000 per month and Common Stock Options with a value of $1,000 per month. The Stock Options will have a discounted strike price and a five year expiration date from date of issue.

                                                                                                                                                                                        

                                                                                If Consultant's time commitment exceeds reasonable periodic monthly telephone calls, Company and Consultant will meet in good faith to determine a fair adjustment to the Consultant's compensation to reflect the effort put forth by the Consultant.

 

		(b)	Consultant acknowledges that he is an independent Consultant and is not an employee of RMHB

		(c)	Consultant shall be reimbursed for reasonable
expenses incurred in his performance under this Agreement. However, to be reimbursed, Consultant must obtain written approval from
Company prior to incurring such expense.

 

		(d)	Consultant will be issued 1,000,000 Common
Stock Options upon completing one year of service on the Advisory Board under the same terms as described in 3 (a) above.

 

    	 	1	 

    	 

    

 

 

		4.	Nondisclosure of Confidential Information.

 

		(a)	The Consultant acknowledges that during his
association with the Company he will learn and will have access to confidential information regarding RMHB and its affiliates,
including without limitation (i) confidential or secret plans, programs, documents, agreements or other material relating to the
business, services or activities of RMHB and its affiliates and (ii) trade secrets, market reports, customer investigations, customer
lists and other similar information that is proprietary information of RMHB or its affiliates (collectively referred to as "Confidential
Information"). The Consultant acknowledges that such Confidential Information as is acquired and used by the Company or its
affiliates is a special, valuable and unique asset.

 

		(b)	All records, files, materials and Confidential
Information obtained by the Consultant in the course of his association with the Company are confidential and proprietary and shall
remain the exclusive property of the Company or its affiliates, as the case may be. The Consultant will not, except in connection
with and as required by his perfonnance of his duties under this Agreement, for any reason use for his own benefit or the benefit
of any person or entity with which he may be associated or disclose any such Confidential Infonnation to any person, firm, corporation,
association or other entity for any reason or purpose whatsoever without the prior written consent of the Company's Board unless
such Confidential Information previously shall have become public knowledge through no action by or omission of the Consultant.

 

		5.	Consultant's Representations.

 

Consultant
represents that he is not a party to any agreements or contracts, or employment agreements, or anything of similar nature, whether
written or otherwise, including but not limited to non-competition agreements or non-disclosure agreements, with any person, company
or entity of any nature whatsoever, which relate to or which in any way or manner prevents him from performing the duties contemplated
by this Agreement. Consultant further warrants that by entering into this Agreement he will not be breaching any fiduciary duty,
usurping any corporate opportunity or other opportunity of any nature, which is owed to any entity or person.

 

		6.	Assignability.

 

The Consultant's obligations
hereunder may not be assigned or alienated and any attempt to do so by the Consultant will be void.

 

		7.	Notices and Addresses.

 

All
notices, offers, acceptance and any other acts under this Agreement (except payment) shall be in writing, and shall be sufficiently
given if delivered to the addressees in person, by electronic mail, by Federal Express or similar receipted delivery, by facsimile
delivery or, if mailed, postage prepaid, by certified mail, return receipt requested, as follows:

 

    	 	2	 

    	 

    

 

 

To the Company:

Rocky Mountain High Brands,
Inc.

9101 LBJ Freeway, Suite 200

Dallas, TX 75243

 

To the Consultant:

Hal Kravitz

4830 Los Feliz Blvd.

Los Angeles, CA 90027

 

Or
to such other address as either of them, by notice to the other may designate from time to time. The transmission confirmation
receipt from the sender's facsimile machine shall be conclusive evidence of successful facsimile delivery. Time shall be counted
to, or from, as the case may be, the delivery in person or by mailing.

 

		8.	Counterparts.

 

This Agreement may be executed
in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same
instrument. The execution of this Agreement may be by actual or facsimile signature.

 

		9.	Governing Law.

 

This
Agreement and any dispute, disagreement, or issue of construction or interpretation arising hereunder whether relating to its execution,
its validity, and the obligations provided therein or perfonnance shall be governed or interpreted according to the internal laws
of the State of Texas without regard to choice of law considerations, and sole and exclusive venue and jurisdiction shall be in
the Courts of Dallas County, Texas.

 

I0. Entire Agreement.

 

This
Agreement constitutes the entire Agreement between the parties and supersedes all prior oral and written agreements between the
parties hereto with respect to the subject matter hereof, save and except for any prior signed non-disclosure agreements. Neither
this Agreement nor any provision hereof may be changed, waived, discharged or terminated orally, except by a statement in writing
signed by the party or parties against whom enforcement or the change, waiver discharge or termination is sought.

 

    	 	3	 

    	 

    

 

 

 

IN WITNESS WHEREOF, RMHB
and Consultant have executed this Agreement as of the date and year first above written.

 

Rocky Mountain High Brands, Inc.

 

 

 By: /s/ Michael Welch

Michael
Welch President and CEO

 

Date: 6/22/2018

 

 

Consultant

 

 

 By: /s/ Hal Kravitz

Hal Kravitz

Date: 6/18/2018

    	 	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00285-of-00352.parquet"}]]