Document:

Form of Nomination Rights Agreement

 NOMINATION RIGHTS AGREEMENT 
  
 THIS AGREEMENT (the “Agreement”) is entered as of the
             day of             , 2004 by and among Eagle Hospitality Properties Trust, Inc., a Maryland corporation (the
“REIT”), and Corporex Companies, Inc., a Kentucky corporation (“Corporex”). 
  
 WHEREAS, the REIT proposes to undertake an underwritten initial public offering of shares of its common stock, par value $0.01 per share (the
“Offering”); and 
  
 WHEREAS, in exchange for good and
valuable consideration, the Company desires to grant Corporex the right to nominate one person for election to the REIT’s board of directors at each meeting of its stockholders. 
  
 NOW THEREFORE, IN CONSIDERATION of the mutual covenants and promises of the parties provided for in this Agreement and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	1. Term	

  
 The term of this Agreement is ten years from the date first written above. 
  

	2. Corporex	Right to Designate Nominee for Director of the REIT. 

  
 (a) During the term of this Agreement, Corporex shall have the right to designate one person (the “Designee”) for election to the board of
directors of the REIT at each meeting of stockholders of the REIT at which directors are elected (the “Designation Right”). Corporex shall submit the name of the Designee to the REIT’s governance and compensation committee (the
“Governance Committee”) not less than 135 days prior to the anniversary date of the prior year’s annual stockholders’ meeting of the REIT or, in the case of election of directors other than at the annual meeting of stockholders,
not less than 60 days prior to the meeting date set by the board of directors of the REIT. Each Designee shall satisfy the standards established by the Governance Committee for membership on the board of directors of the REIT and shall provide to
the REIT (i) a written consent to being named as a nominee for director of the REIT and to serving as a director if elected, (ii) a questionnaire prepared by the REIT and completed by the Designee and (iii) such other information regarding the
Designee as the REIT may reasonably request. 
  
 (b) The
Governance Committee shall notify Corporex as to whether the Governance Committee approves the Designee for nomination within 20 days following Corporex’s submission of the Designee’s name and the information described in Section 2(a)
above; provided, however, that the Governance Committee shall not be permitted to disapprove of a Designee that satisfies the standards established by the Governance Committee for membership on the board of directors of the REIT (which standards
shall be equally applicable to any person nominated by a stockholder to be a director) absent notification in writing to Corporex that the Governance Committee has unanimously determined in good faith, after consultation with and having considered
the advice of independent legal counsel, that a nomination of such Designee 
  

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 to serve as a director would be inconsistent under Maryland law with the duties of the members of the Governance
Committee to holders of the REIT’s common stock. In the event a Designee is not approved and nominated by the Governance Committee for election as a director of the REIT, Corporex may submit to the Governance Committee another Designee for
approval and nomination by the Governance Committee in accordance with Section 2(a) and the Governance Committee will respond to any such new submission within 10 days thereafter. When a Designee is approved by the Governance Committee as a nominee
for election as a director, the REIT shall include such Designee in the proxy materials delivered to stockholders in connection with the meeting and shall recommend such Designee for election in the same manner as other nominees approved by the
Governance Committee. 
  
 (c) In the event that a Designee who is
elected as a director resigns, refuses to stand for re-election, is removed, dies or becomes disabled while serving as a director, Corporex shall submit a new Designee to the Governance Committee and, upon approval by the Governance Committee, such
Designee shall be appointed by the board of directors to fill the resulting vacancy on the board of directors. Unless Corporex otherwise submits a new Designee to the Governance Committee in accordance with Section 2(a) above, such then current
Designee shall be nominated by the Governance Committee as a nominee for election at the next succeeding meeting of stockholders at which directors are to be elected. 
  
 (d) Notwithstanding the foregoing, (i) if Corporex fails to designate a Designee who is approved by the Governance Committee
not less than 45 days prior to a meeting of stockholders at which directors are to be elected, the Designation Right with respect to directors to be elected at that meeting of stockholders shall terminate; provided, however, that if (A) a Designee
is then serving on the REIT’s Board of Directors and (B) such Designee continues to satisfy the standards established by the Governance Committee for membership on the board of directors of the REIT, and consents to being named as a nominee for
director of the REIT, then such Designee shall be the Designee for election at any such meeting of stockholders at which directors are to be elected, notwithstanding that Corporex has not formally submitted such Designee as a nominee in accordance
with the procedures set forth herein and (ii) no more than one Designee shall serve on the board of directors at any one time. 
  
 3. Miscellaneous. 
  
 (a) Complete Agreement; Construction. This Agreement shall constitute the entire agreement among the parties with respect to the subject matter
thereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter. 
  
 (b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of the State of Kentucky
without regard to the principles of conflicts of laws thereof. 
  
 (c) Notices. All notices and other communications required or permitted hereunder shall be in writing, shall be deemed duly given upon actual receipt, and shall be delivered (i) in person, (ii) by registered or certified mail (air
mail if addressed to an address outside of the country in which mailed), postage prepaid, return receipt requested, or (iii) by facsimile or other 
  

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 generally accepted means of electronic transmission (provided that a copy of any notice delivered pursuant to this clause
(iii) shall also be sent pursuant to clause (ii)), addressed as follows (or to such other addresses as may be specified by like notice to the other parties): 
  

To the Company: 
 Eagle Hospitality
Properties Trust, Inc. 
 Attention: President and Chief Executive Officer 
 100 E. RiverCenter Blvd. 
 Suite 480

 Covington, KY 41011 
  
 To Corporex: 
 Corporex Companies, Inc.

 Attention: Chief Executive Officer 
 100 E. RiverCenter Blvd. 
 Suite 1100 
 Covington, KY 41011 
  
 (e)
Amendment and Waiver. No amendment, modification or supplement to this Agreement shall be binding on any of the parties hereto unless it is in writing and signed by the parties in interest at the time of the modification, and further provided
any such modification is approved by a majority of the independent directors of the REIT. No provision hereof may be waived except by a writing signed by the party against whom any such waiver is sought. The waiver by any party of a breach of any
provision of this Agreement shall not operate as or be construed as a waiver of any subsequent breach. 
  
 (f) Successors and Assigns. Neither party may assign this Agreement without the prior written consent of the other. This Agreement and all of the
provisions hereof shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and permitted assigns. 
  
 (g) No Third-Party Beneficiaries. This Agreement is solely for the benefit of the parties to this Agreement and should not be deemed to confer upon
third parties any remedy, claim, liability, reimbursement, claims or action or other right in excess of those existing without reference to this Agreement. 
  
 (h) Titles and Headings. Titles and headings to sections in this Agreement are inserted for the convenience of reference only and are not intended
to be a part of or to affect the meaning or interpretation of this Agreement. 
  
 (i) Maximum Legal Enforceability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof. Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without prejudice to any
rights or remedies otherwise available to any party to this Agreement, each party hereto acknowledges 
  

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 that damages would not be an adequate remedy for any breach of the provisions of this Agreement and agrees that the
obligations of the parties hereunder shall be specifically enforceable. 
  
 (j) Further Assurances. The parties to this Agreement will execute and deliver or cause the execution and delivery of such further instruments and documents and will take such other actions as any other party to the Agreement may
reasonably request in order to effectuate the purpose of this Agreement and to carry out the terms hereof. 
  
 (k) Time of the Essence. Time is of the essence of this Agreement. 
  
 (l) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original but
together shall be deemed one and the same Agreement. 
  
 (m)
Severability. If any provision of this Agreement is held unenforceable, this Agreement shall be construed without such provision. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and
year first written above. 
  
  

			
	EAGLE HOSPITALITY PROPERTIES TRUST, INC.
		
	By:	 	 
	 	 	 J. William Blackham
 President and Chief Executive
Officer
  
  

	CORPOREX COMPANIES, INC.                     
		
	By:	 	 
	 	 	 William P. Butler
 Chief Executive
Officer

  

 5Form of Strategic Alliance Agreement

 Exhibit 10.16 
  
 STRATEGIC ALLIANCE AGREEMENT 
  

THIS AGREEMENT (the “Agreement”) is entered as of the              day of
            , 2004 by and among EHP Operating Partnership, L.P., a Maryland limited partnership (the “Partnership”), Eagle Hospitality Properties Trust, Inc., a Maryland
corporation (the “REIT”), Corporex Companies, Inc., a Kentucky corporation (“Corporex”), and William P. Butler. 
  
 WHEREAS, the REIT proposes to undertake an underwritten initial public offering of shares of its common stock, par value $0.01 per share (the
“Offering”); and 
  
 WHEREAS, the REIT will serve as
general partner of the Partnership and will own a majority interest in the Partnership; and 
  
 WHEREAS, prior to the date hereof, the Strategic Partners (as defined herein) have been actively engaged in various aspects of the acquisition, development, renovation, management or operation of hotel properties in a
number of different industry segments and classifications, including, without limitation, the hotel properties that the Company (as defined herein) intends to acquire in connection with the Offering; and 
  
 WHEREAS, it is anticipated that the REIT will undertake to acquire, invest in
and purchase hotel properties that meet the REIT’s investment criteria; and 
  
 WHEREAS, it is anticipated that the REIT will benefit from the development expertise of the Strategic Partners in order to create First-Class Hotels (as defined herein) for ownership by the REIT; and 
  
 WHEREAS, the Strategic Partners desire to grant the Company an exclusive
right of first refusal for all future investment, acquisition and certain development opportunities involving First-Class Hotels that are identified by any of the Strategic Partners. 
  
 NOW THEREFORE, IN CONSIDERATION of the mutual covenants and promises of the parties provided for in this Agreement and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Term 
  
 Unless terminated pursuant to Section 8 hereof, the term of this Agreement is ten years from the date first written above. 
  
 2. Acquisition Exclusivity Rights of the Company. 
  
 (a) During the term of this Agreement, each of the Strategic Partners agrees to notify the Company, on an exclusive basis,
of any opportunity to invest in or acquire a First-Class Hotel identified by, or made known to, such Strategic Partner, whether in fee or leasehold, and whether in whole or in part (hereinafter referred to as an “Acquisition Property”). In
addition to such notification, the offering Strategic Partner shall provide to the Company such information, 

  

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materials and documents reasonably available to the offering Strategic Partner with respect to such Acquisition Property or opportunity, subject to the
requirements of any confidentiality agreements with third parties. Notwithstanding the foregoing, the offering Strategic Partner will either (i) refer the opportunity directly to the Company prior to execution of a confidentiality agreement or (ii)
negotiate any confidentiality agreement so as to permit disclosure of the opportunity, and all information, materials and documents with respect thereto, to the Company. 
  
 (b) The Company shall notify the offering Strategic Partner, within 10 business days following the Company’s receipt
from the offering Strategic Partner of the information with respect to an Acquisition Property as described in Section 2(a), whether the Company intends to pursue such opportunity. If the Company notifies the offering Strategic Partner that the
Company intends to pursue such opportunity, the offering Strategic Partner shall not provide any information regarding an Acquisition Property to any third party until otherwise notified by in writing by a duly authorized representative of the
Company and shall not directly or indirectly pursue an Acquisition Property on its own behalf. If the Company (i) notifies the offering Strategic Partner that the Company does not intend to pursue the opportunity or (ii) fails to notify the offering
Strategic Partner by the end of the 10 business day period that the Company intends to pursue the opportunity, then, in either event, so long as the Acquisition Property is not located within a Competitive Set (as hereinafter defined), the offering
Strategic Partner may pursue the opportunity on its own behalf; provided, however, that, if the offering Strategic Partner subsequently becomes aware that the price or other terms with respect to the Acquisition Property previously presented to the
Company have changed materially, the offering Strategic Partner will notify the Company of any such change in price or terms with respect to such opportunity in accordance with the provisions of this Section 2 and the Company shall notify the
offering Strategic Partner, within 10 business days following the Company’s receipt from the offering Strategic Partner of such modified or additional information, whether the Company intends to pursue such modified opportunity. If the
Acquisition Property is within a Competitive Set, none of the Strategic Partners may pursue an investment or acquisition opportunity in the Acquisition Property, despite the Company’s decision not to pursue such opportunity on its own behalf,
unless this restriction is waived by a majority vote of the Independent Directors. 
  
 (c) If the Company accepts the opportunity to invest in or acquire an Acquisition Property from an offering Strategic Partner, in addition to paying the purchase price to the seller of the Acquisition Property, the
Company will reimburse the offering Strategic Partner for its out-of-pocket and third-party expenses actually incurred in connection with such Acquisition Property, including any earnest money deposits, upon submission to the Company of an
accounting of the expenses set forth in reasonable detail, and reimbursement of overhead, reasonable market rate brokerage fees where appropriate or other similar fees payable to the Strategic Partner; provided, however, that the payment of such
expenses is approved by a majority of the Independent Directors 
  
 (d) Notwithstanding anything in this Section 2 to the contrary, nothing herein shall restrict or prevent any Strategic Partner or an entity it controls from investing in or acquiring any First-Class Hotel when such investment or acquisition
is in conjunction with such Strategic Partner obtaining a management agreement for that First-Class Hotel, provided that such First-Class Hotel is not within a Competitive Set to any First-Class Hotel owned by the Company. 
  

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 3. Development Exclusivity Rights of the Company. The Company shall not directly develop hotels during the
term of this Agreement and, with respect to new hotel development for hotels that it may wish to own, shall maintain an exclusive relationship with Corporex where the Company shall have the right to (a) retain Corporex to develop hotels or (b) cause
development of hotels or acquire same on a forward commitment basis from developers on projects that are identified and offered by developers other than Corporex. In the case of the development of all such hotels, the Company shall engage the
Strategic Partners as its development, design and construction manager on a consulting service contract, and will pay the Strategic Partners for such services reasonable market rate fees, overhead and reimbursable expenses; provided, however, that
such the payment of such expenses is approved by a majority of the Independent Directors. 
  
 (a) During the term of this Agreement, each of the Strategic Partners agrees to notify the Company, on an exclusive basis, of any opportunity to develop a
First-Class Hotel identified by, or made known to, such Strategic Partner, whether in fee or leasehold, and whether in whole or in part (hereinafter referred to as a “Development Property”). In addition to such notification, the offering
Strategic Partner shall provide to the Company all information, materials and documents reasonably available to the offering Strategic Partner with respect to such Development Property or opportunity, subject to the requirements of any
confidentiality agreements with third parties. Notwithstanding the foregoing, the offering Strategic Partner will either (i) refer the opportunity directly to the Company prior to execution of a confidentiality agreement or (ii) negotiate any
confidentiality agreement so as to permit disclosure of the opportunity, and all information, materials and documents with respect thereto, to the Company.  
  
 (b) The Company shall notify the offering Strategic Partner, within 10 business days following the Company’s
receipt from the offering Strategic Partner of the information with respect to a development opportunity as described in Section 3(a), whether the Company intends to pursue the development of such opportunity. If the Company notifies the offering
Strategic Partner that the Company intends to pursue the development of such opportunity with the Strategic Partner, the offering Strategic Partner shall not provide any information regarding such opportunity to any third party until otherwise
notified in writing by a duly authorized representative of the Company and shall not directly or indirectly pursue such opportunity on its own behalf unless the Company thereafter notifies the offering Strategic Partner that it no longer intends to
pursue or cause the development of such opportunity. If the Company (i) notifies the offering Strategic Partner that the Company does not intend to pursue the development of the opportunity or (ii) fails to notify the offering Strategic Partner by
the end of the 10 business day period that the Company intends to pursue the development of the opportunity, then, in either event, so long as the Development Property is not located within a Competitive Set, the offering Strategic Partner may
pursue the opportunity directly or indirectly on its own behalf; provided, however, that the offering Strategic Partner shall grant an exclusive right of first refusal to the Company to acquire the Development Property after its completion and
commencement of operations, and prior to being sold to any other party, pursuant to the procedure set forth in Section 2 hereof. If the Development Property is within a Competitive Set, the Strategic Partners may not pursue the development of the
Development Property, despite the Company’s decision 

  

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not to pursue such opportunity on its own behalf, unless this restriction is waived by a majority vote of the Independent Directors. 
  
 (c) If the Company accepts the opportunity to develop a Development Property
from an offering Strategic Partner, the Strategic Partners shall offer same to the Company for acquisition under one or more methods of transaction including: turnkey, or open book, cost plus fee arrangements. The Company shall have the right to
elect the method and type of the transaction. In addition to paying the purchase price to the seller of the Development Property, the Company will reimburse the offering Strategic Partner for its out-of-pocket and third-party expenses actually
incurred in connection with such Development Property, including any earnest money deposits, upon submission to the Company of an accounting of the expenses set forth in reasonable detail. In all such cases, the Strategic Partners and/or its
affiliated service organizations shall be entitled to receive compensation at reasonable fair market values and fees together with overhead, market rate development and construction management fees, reasonable market rate brokerage fees where
appropriate; provided, however, that such the payment of such expenses is approved by a majority of the Independent Directors. 
  
 (d) Notwithstanding anything in this Section 3 to the contrary, nothing herein shall restrict or prevent any Strategic Partner from investing in or
developing any First-Class Hotel when such investment or development is in conjunction with an affiliate of a Strategic Partner obtaining a management agreement for that First-Class Hotel, provided that such First-Class Hotel is not within a
Competitive Set. 
  
 4. Events of Default. 
  
 The following shall constitute events of default under this Agreement
(each an “Event of Default”): 
  
 (a) The filing of a
voluntary petition in bankruptcy or insolvency or a petition for reorganization under any bankruptcy law by Corporex, the REIT or the Partnership; provided, however, that a non-defaulting party shall have provided written notice to the defaulting
party and such filing shall not have been withdrawn with prejudice within 10 days after receipt of such notice; 
  
 (b) The consent to any involuntary petition in bankruptcy or the failure to vacate, within 90 days from the date of entry thereof, any order approving an
involuntary petition by Corporex, the REIT or the Partnership; 
  
 (c) The entering of an order, judgment or decree by any court of competent jurisdiction, on the application of a creditor, adjudicating any of Corporex, the REIT or the Partnership as bankrupt or insolvent, or approving a petition seeking
reorganization or appointing a receiver, trustee or liquidator of all or a substantial part of such party’s assets, and such order, judgment or decree continues unstayed and in effect for any period of 90 days or more; 
  

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 (d) The appointment of a receiver for all or any substantial portion of the property of Corporex, the
REIT or the Partnership; 
  
 (e) The Company fails to reimburse
any offering Strategic Partner pursuant to Section 2(c) or Section 3(c) hereof; provided, however, that such offering Strategic Partner shall have provided written notice to the Company of such failure and such failure continues for a period of 30
days after receipt of such notice, or up to a maximum of 120 days after receipt of such notice if the performance of such covenant, undertaking, obligation or condition is being contested in good faith; 
  
 (f) The failure by a party hereto to perform, keep or fulfill any of the
covenants, undertakings, obligations or conditions set forth in this Agreement; provided, however, that a non-defaulting party shall have provided written notice to the defaulting party of such failure and such failure continues for a period of 30
days after receipt of such notice, or up to a maximum of 120 days after receipt of such notice if the performance of such covenant, undertaking, obligation or condition is being contested in good faith; and 
  
 (g) Any of the offering Strategic Partners defaults under the terms of any
document evidencing the acquisition or development opportunity described in Section 2(a) or Section 3(a) hereof and accepted by the Company; provided, however, that the Company shall have provided written notice to any such offering Strategic
Partner of such default and the offering Strategic Partner shall not have cured such default within any cure period provided to the offering Strategic Partner under such document. 
  
 If an Event of Default occurs, the non-defaulting party may terminate this Agreement pursuant to Section 5 hereof and pursue any and all
rights and remedies available, at law or in equity, to the non-defaulting party under applicable law. 
  
 5. Termination 
  
 This
Agreement may be terminated: 
  
 (a) by the Company upon written
notice after both the occurrence of an Event of Default by any of the Strategic Partners and the lapse of any applicable opportunity to cure, but only if the Company is not then in default; 
  
 (b) by any of the Strategic Partners upon written notice after both the
occurrence of an Event of Default by the Company and the lapse of any applicable opportunity to cure, but only if such terminating party is not then in default; 
  

(c) by the Company, if the Company experiences a change in control (as defined in the management contract) or sells hotels and, to the extent permitted
by the management agreements, terminates all of the management agreements between the Company and Commonwealth Hotels, Inc., provided that the Company has paid all required termination fees related to such termination of the management agreements
set forth therein; 
  

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 (d) by Corporex or Mr. Butler, at such time as either Mr. Butler or a designee of Corporex is not a
member of the REIT’s board of directors. 
  
 In the event of
the termination of this Agreement pursuant to this Section 5, this Agreement shall become null and void, except that no such termination shall relieve any breaching party from liability resulting from any breach by that party of this Agreement.

  
 6. Miscellaneous. 
  
 (a) Definitions. 
  
 (i) “Affiliate” of a Person means (A) any other
Person directly, or indirectly through one or more intermediaries, controlling, controlled by or under common control with such Person; (B) any officer, director, partner, employer, or direct or indirect beneficial owner of any 10% or greater equity
or voting interest of such Person; or (C) any other Person for which a Person described in clause (B) acts in any such capacity. 
  
 (ii) “Company” means, collectively, the REIT, the Operating Partnership and their respective subsidiaries. 
  
 (iii) “Competitive Set” means (A) a hotel or hotel
development opportunity that is located within the same Geographic Competitive Set as a hotel owned by the Company or in which the Company has an investment, (B) a hotel or hotel development opportunity that is within five miles of a suburban hotel
owned by the Company or in which the Company has an investment or (C) any hotel or hotel development opportunity within one mile of a central business district in which the Company owns a hotel or has an investment in a hotel. 
  
 (iv) “First-Class Hotel” means full-service hotels
and full service all-suites hotels located in the United States of America that provide food and beverage service (three meals per day) and meeting and banquet space and that are included in the upper upscale chain scale, as classified by Smith
Travel Research. 
  
 (v) “Geographic
Competitive Set” means a group of five or more properties selected in good faith by the Company; provided, that, if any Strategic Partner contest such selection in good faith, then any such disagreement shall be resolved by a non-appealable
determination by one of the following: Smith Travel Research, Hospitality Valuation Services or Lodging Econometrics, as selected by the Independent Directors. 
  

(vi) “Independent Directors” means directors of the REIT who, at the time, are “independent” in accordance with the
rules promulgated from time to time by the New York Stock Exchange for companies listed on the New York Stock Exchange. 
  
 (vii) “Person” mean a natural person or any legal, commercial or governmental entity, such as, but not limited to, a
corporation, general partnership, joint venture, limited partnership, limited liability company, trust, business association, group acting in concert, or any person acting in a representative capacity. 
  

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 (viii) “Strategic Partners” means, collectively, Corporex, Mr. Butler and each
of their respective Affiliates. 
  
 (b) Complete Agreement;
Construction. This Agreement shall constitute the entire agreement among the parties with respect to the subject matter thereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter.

  
 (c) Governing Law. This Agreement shall be governed by
and construed in accordance with the laws of the jurisdiction of the State of Kentucky without regard to the principles of conflicts of laws thereof. 
  
 (d) Notices. All notices and other communications required or permitted hereunder shall be in writing, shall be deemed duly given upon actual
receipt, and shall be delivered (i) in person, (ii) by registered or certified mail (air mail if addressed to an address outside of the country in which mailed), postage prepaid, return receipt requested, or (iii) by facsimile or other generally
accepted means of electronic transmission (provided that a copy of any notice delivered pursuant to this clause (iii) shall also be sent pursuant to clause (ii)), addressed as follows (or to such other addresses as may be specified by like notice to
the other parties): 
  
 To the Company:

 Eagle Hospitality Properties Trust, Inc. 
 Attention: President and Chief Executive Officer 
 100 E. RiverCenter Blvd. 
 Suite 480 
 Covington, KY 41011 
  
 To Corporex: 
 Corporex Companies, Inc. 
 Attention: Chief Executive Officer 
 100 E. RiverCenter Blvd. 
 Suite 1100 
 Covington, KY 41011 
  
 Mr. William P. Butler 
 c/o Corporex Companies, Inc. 
 100 E. RiverCenter Blvd. 
 Suite 1100 
 Covington, KY 41011 
  
 (e) Amendment and Waiver. No amendment, modification or supplement to this Agreement shall be binding on any of the parties hereto unless it is in
writing and signed by the parties in interest at the time of the modification, and further provided any such modification is approved by a majority of the Independent Directors of the REIT. No provision hereof may be waived except by a writing
signed by the party against whom any such waiver is sought. The 

  

 7 

 
waiver by any party of a breach of any provision of this Agreement shall not operate as or be construed as a waiver of any subsequent breach. 
  
 (f) Successors and Assigns. None of the Strategic Partners may assign
this Agreement without the prior written consent of the REIT. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and permitted assigns.

  
 (g) No Third-Party Beneficiaries. This Agreement is
solely for the benefit of the parties to this Agreement and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, claims or action or other right in excess of those existing without reference to this
Agreement. 
  
 (h) Titles and Headings. Titles and headings
to sections in this Agreement are inserted for the convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
  
 (i) Maximum Legal Enforceability. Any provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction. Without prejudice to any rights or remedies otherwise available to any party to this Agreement, each party hereto acknowledges that damages would not be an adequate remedy for any
breach of the provisions of this Agreement and agrees that the obligations of the parties hereunder shall be specifically enforceable. 
  
 (j) Further Assurances. The parties to this Agreement will execute and deliver or cause the execution and delivery of such further instruments and
documents and will take such other actions as any other party to the Agreement may reasonably request in order to effectuate the purpose of this Agreement and to carry out the terms hereof. 
  
 (k) Time of the Essence. Time is of the essence of this Agreement.

  
 (l) Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed an original but together shall be deemed one and the same Agreement. 
  
 (m) Severability. If any provision of this Agreement is held unenforceable, this Agreement shall be construed without such provision. 

 
 (n) Forfeiture of Shares. As a material inducement for the Company
to agree to execute this Agreement, Corporex hereby acknowledges and agrees that 208,332 shares (the “Shares”) of the Company’s common stock held directly of indirectly by Corporex shall, without any further action by Corporex, be
automatically canceled upon a termination of this Agreement by the Company pursuant to Section 5(a) hereof upon a default by Corporex on or prior to the first anniversary of the execution of this Agreement. Corporex agrees not to sell, pledge or
otherwise transfer the Shares until the first anniversary of the execution of this Agreement without the consent of the Company, except that Corporex may transfer such Shares to an affiliate thereof provided that such affiliate agrees in writing to
be bound by the provisions of this Agreement. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and
year first written above. 
  

			
	EHP OPERATING PARTNERSHIP, L.P.
		
	By:	 	Eagle Hospitality Properties Trust, Inc.,
its sole general partner

  

					
			
	 	 	By:	 	 
	 	 	 	 	 J. William Blackham
 President and Chief Executive Officer

  

			
	EAGLE HOSPITALITY PROPERTIES TRUST, INC.
		
	By:	 	 
	 	 	 J. William Blackham
 President and Chief Executive Officer

  

			
	CORPOREX COMPANIES, INC.
		
	By:	 	 
	 	 	 William P. Butler
 Chief Executive Officer

	
	 
	 William P. Butler

  

 9

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