Document:

Exhibit

Exhibit 10.73

SEVENTH AMENDMENT TO AGREEMENT FOR SALE AND PURCHASE 

This Seventh Amendment to the Agreement for Sale and Purchase (this “Amendment”) by and between WS CINCINNATI, LLC, a Delaware limited liability company, WS COLLEGE STATION JV, LLC, a Delaware limited liability company, WS-CNO JV, LLC, a Delaware limited liability company, WS-FNO, LLC, a Delaware limited liability company, and WS SPHERICAL STONE, LLC, a Delaware limited liability company (collectively, “Seller”), and AMERICAN REALTY CAPITAL HOSPITALITY PORTFOLIO WSC, LLC, a Delaware limited liability company (“Purchaser”) is made as of December 8, 2015 (the “Amendment Effective Date”).  Seller and Purchaser are sometimes referred to collectively in this Amendment as the “Parties.”

RECITALS

A.    Seller and Purchaser entered into that certain Agreement for Sale and Purchase dated as of June 2, 2015, as amended pursuant to that certain First Amendment to Agreement for Sale and Purchase dated as of July 13, 2015, that certain Second Amendment to Agreement for Sale and Purchase dated as of July 13, 2015, that certain Third Amendment to Agreement for Sale and Purchase dated as of August 3, 2015, that certain Fourth Amendment to Agreement for Sale and Purchase dated as of October 8, 2015, that certain Fifth Amendment to Agreement for Sale and Purchase dated as of October 27, 2015, and that certain Sixth Amendment to Agreement for Sale and Purchase dated as of December 2, 2015 (collectively, the “Purchase Agreement”).

B.    Seller and Purchaser desire to change the definitions of Closing Date and Purchase Price, and have agreed to further amend the Purchase Agreement to reflect such modifications on the terms and conditions set forth in this Amendment.

C.    All capitalized terms used without definition in this Amendment shall have the meanings assigned to such terms in the Purchase Agreement. 

AGREEMENT

Now, therefore, for and in consideration of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser hereby agree that the Purchase Agreement shall be amended and modified in accordance with Section 14.01(t) thereof as follows:

1.Closing Date.  The definition of Closing Date in Section 1.01 of the Purchase Agreement is hereby amended by deleting the words “December 8, 2015” and replacing them with the words “December 15, 2015”. 
2.    Second Delayed Closing Earnest Money.  For and in consideration of this Amendment and the extension of the Closing Date, Purchaser shall, no later than 12:00 noon Eastern Time on December 9, 2015, deposit with the Escrow Company, as escrow agent, the additional amount of ONE MILLION, FIVE HUNDRED THOUSAND DOLLARS ($1,500,000) (the “Second Delayed 

Closing Earnest Money”).  The Second Delayed Closing Earnest Money shall form part of the Earnest Money for all purposes of the Purchase Agreement.  The Escrow Company shall disburse the Second Delayed Closing Earnest Money to Seller as directed by Seller in writing and without further instruction, approval or consent of Purchaser, no later than 5:00 p.m. Eastern Time on December 9, 2015. Notwithstanding Section 2 and Schedule 1 of that certain Sixth Amendment to Agreement for Sale and Purchase, executed by the Parties on December 2, 2015 (the “Sixth Amendment”), the Second Delayed Closing Earnest Money and the Delayed Closing Earnest Money shall be allocated pro rata among the Hotels in accordance with the allocation schedule attached hereto as Schedule 1. The Delayed Closing Earnest Money and the Second Delayed Closing Earnest Money disbursed to Seller by Escrow Company shall nonetheless remain a part of the Earnest Money, and in the case where the Purchase Agreement is terminated in accordance with its terms and Purchaser is entitled to a refund of the Earnest Money under the Purchase Agreement, Seller shall be required to promptly deliver to Purchaser after such termination the Delayed Closing Earnest Money and the Second Delayed Closing Earnest Money previously disbursed to Seller.
3.    Increase in Purchase Price.      Notwithstanding anything to the contrary in the Sixth Amendment, for and in further consideration of this Amendment and the extension of the Closing Date, the Parties hereby agree to increase the Purchase Price by FIVE HUNDRED THOUSAND DOLLARS ($500,000) (the “Purchase Price Increase”).  Accordingly, the first sentence of Section 3.01 of the Purchase Agreement shall be removed and replaced with “The total purchase price (“Purchase Price”) to be paid by Purchaser to Seller at the Closing shall be NINETY-TWO MILLION, NINE HUNDRED THREE THOUSAND DOLLARS ($92,903,000), plus or minus prorations and adjustments as provided in this Agreement (and subject to increase as provided in Section 6.01).”  The Purchase Price shall be allocated among the Hotels in accordance with the allocation schedule attached hereto as Schedule 2, except as may otherwise be provided pursuant to Section 4 below.
4.    Purchaser Closing Election.  Notwithstanding anything to the contrary in the Sixth Amendment, on or before 12:00 p.m. Eastern Time on December 14, 2015, Purchaser may, upon written notice to Seller, elect not to consummate the Closing of the WS-CNO JV Hotel and the WS-FNO Hotel (collectively, the "Nashville Hotels"), and only consummate the Closing of the WS College Station Hotel, the WS Spherical Hotel, and the WS Cincinnati Hotel (collectively, the “Non-Nashville Hotels”), in which case (i) the total Purchase Price Increase shall be applied only to the Purchase Price of the Non-Nashville Hotels, and shall be allocated among the Non-Nashville Hotels in accordance with the allocation schedule attached hereto as Schedule 3; (ii) Purchaser and Seller shall proceed with the Closing of the Non-Nashville Hotels as otherwise set forth in the Purchase Agreement; and (iii) Seller shall be entitled to keep and retain the Allocated Earnest Money for the Nashville Hotels as liquidated damages and not as a penalty, as a result of Purchaser's failure to consummate the Closing of the Nashville Hotels, it being acknowledged and agreed by Purchaser that Seller's damages resulting from Purchaser's failure to consummate the Closing of the Nashville Hotels are difficult to determine and the amount of the Allocated Earnest Money for the Nashville Hotels is a fair and reasonable estimate of those damages.
5.    Ratification.  Seller and Purchaser ratify and confirm the continued force and effect of the Purchase Agreement, as modified by this Amendment.  Seller and Purchaser agree that all terms and provisions of the Purchase Agreement shall be and remain in full force and effect as therein written, except as otherwise expressly provided herein.  

6.    Binding Effect.  This Amendment shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns.
7.    Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same Amendment.
8.    Effective Date.  This Amendment shall be in full force and effect as a binding obligation of the Parties from and after the Amendment Effective Date. 
[signature page follows]

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the day and year first above written. 

	
	
	WS CINCINNATI, LLC,
a Delaware limited liability company

By:    /s/ Jonathan H. Paul
Name:   Jonathan H. Paul
Title:   Authorized Signatory

WS COLLEGE STATION JV, LLC,
a Delaware limited liability company

By: WS College Station, LLC, its Manager

By:    /s/ Jonathan H. Paul
Name:   Jonathan H. Paul
Title:   Authorized Signatory

WS-CNO JV, LLC, 
a Delaware limited liability company

By: WS-CNO, LLC, its Manager

By:    /s/ Jonathan H. Paul
Name:   Jonathan H. Paul
Title:   Authorized Signatory

WS-FNO, LLC,
a Delaware limited liability company

By:    /s/ Jonathan H. Paul
Name:   Jonathan H. Paul
Title:   Authorized Signatory

WS SPHERICAL STONE, LLC,
a Delaware limited liability company

By:    /s/ Jonathan H. Paul
Name:   Jonathan H. Paul
Title:   Authorized Signatory

PURCHASER:
AMERICAN REALTY CAPITAL 
HOSPITALITY PORTFOLIO WSC, LLC,
a Delaware limited liability company

Signature Page to the Seventh Amendment of the Agreement for Sale and Purchase

By:     /s/ Paul C. Hughes                _
Name:    Paul C. Hughes ________________________
Title:    Authorized Signatory____________________

Signature Page to the Seventh Amendment of the Agreement for Sale and Purchase

Acknowledged and agreed:
GUARANTOR:
WHEELOCK STREET REAL ESTATE FUND, L.P.
By:   WHEELOCK STREET REAL ESTATE FUND G.P., L.L.C., its General Partner
    
By: /s/ Jonathan H. Paul
Name: Jonathan H. Paul
Title: Authorized Signatory

Signature Page to the Seventh Amendment of the Agreement for Sale and Purchase

The undersigned Escrow Company hereby agrees to (i) accept the foregoing Amendment, (ii) be Escrow Company under said Amendment, and (iii) be bound by said Amendment in the performance of its duties under said Amendment and Purchase Agreement.

ESCROW COMPANY:
CHICAGO TITLE INSURANCE COMPANY

By:  /s/ Edwin G. Ditlow____________________________
Name: Edwin G. Ditlow ____________________________
Its: Vice President_________________________________

Signature Page to the Seventh Amendment of the Agreement for Sale and PurchaseExhibit

Exhibit 10.74

December 23, 2015

NF II Columbus, LLC
1000 Aguajito, LLC
Noble I Boston-Waltham, LLC
Noble I Birmingham, LLC
Noble I/HY Atlanta, LLC
Noble I/HY Minneapolis, LLC
Noble I/HY Fairlawn, LLC
Noble I/HY Princeton, LLC
Noble I/HY FW Cityview, LLC
Noble I/HY FW Hurst, LLC
Noble I Boston, LLC
Noble I Schaumburg, LLC
Noble I/HY Atlanta Overton Park, LLC
Noble I Atlanta OP Land Co, LLC
(each a “Seller”), and collectively, “Sellers”)
 
c/o Noble Investment Group
2000 Monarch Tower
3424 Peachtree Road, NE
Atlanta, GA 30326
Attention: Mr. Mark K. Rafuse

		
	Re:
	Certain Hotel Purchase and Sale Agreements between American Realty Capital Hospitality Portfolio NBL, LLC, a Delaware limited liability company, as “Buyer,” and each of the Sellers listed above, as “Sellers” 

Reference is hereby made to each of those certain Hotel Purchase and Sale Agreements entered into between Buyer and Sellers as of June 15, 2015 and more particularly described therein (collectively, as amended, the “Purchase Agreements”), and related Escrow Instructions for Deposit dated June 15, 2015 (collectively, the “Escrow Agreements”), and that certain letter agreement entered into between Buyer and Sellers as of June 15, 2015 in connection with the Purchase Agreements, as amended by that certain side letter dated as of July15, 2015 and as further amended by that certain side letter dated as of October 15, 2015 (as amended, the “Side Letter”).  Any capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Purchase Agreements.  
Sellers and Buyer hereby agree that Buyer delivered a notice to extend the Closing Date for Tranche 2 for a period of 60 days, from December 31, 2015 to February 29, 2016, in accordance with the Side Letter.  Pursuant to the Side Letter, if Buyer elects to adjourn the scheduled Closing 

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Date, Buyer shall deliver an Extension Deposit to Escrow Agent on or prior to the then scheduled Closing Date (i.e., December 31, 2015 with respect to Tranche 2).  Notwithstanding the foregoing, Sellers have agreed that delivery of the Extension Deposit shall be adjourned until January 25, 2016; provided, however, as a condition of the foregoing extension and the effectiveness of this letter agreement, Buyer shall cause Escrow Agent to deliver on December 23, 2015, on or before 5:00 pm New York local time, the aggregate Deposits of $22,000,000 (together with any interest earned thereon) held by Escrow Agent to Sellers.  Sellers shall not be required to invest the Deposits.  The Deposits disbursed to Sellers by Escrow Agent shall belong to Sellers and are nonrefundable to Buyer except in the event of (i) a termination of a Purchase Agreement by Buyer in accordance with Section 11.2(b) (Seller’s Default) of the Purchase Agreements and Section 2.3 of the Side Letter, (ii) a failure of Buyer’s Conditions in accordance with Article 8 as modified herein below, or (iii) in accordance with Section 13.2, and only in such a case, Buyer is entitled to a reimbursement of and Sellers shall be required to promptly deliver to Buyer after such termination the allocable portion of the Deposits previously disbursed to Sellers (on a pro-basis basis in accordance with the final allocation of the Purchase Prices in the Side Letter).  In the event that Buyer fails to deliver to Escrow Agent the Extension Deposit on or prior to January 25, 2016, such failure shall be treated as a default under the Purchase Agreements and Sellers as their sole and exclusive remedy shall be entitled to terminate the Purchase Agreements in accordance with Section 11.1 of the Purchase Agreements and Section 2.4 of the Side Letter.  At the Tranche 2 and Tranche 3 Closings, Buyer shall be given a credit for the Deposits as described in the Side Letter.
The following provisions of Article VIII of the Purchase Agreements are hereby deleted and the following shall be inserted in lieu thereof:
“Section 8.2     [Reserved].
Section 8.3    Title.  Seller shall have performed all actions required of Seller pursuant to Section 7.2, and delivered a title affidavit and Seller authority to the Title Company pursuant to Sections 10.7 and 10.8 of this Agreement.
Section 8.4    Seller Deliveries.  Seller shall have delivered the documents required to be delivered by Seller in accordance with Sections 10.1 through 10.5, 10.9, 10.11 through 10.17.
Section 8.5    [Reserved].
Section 8.7    [Reserved].”
Except as expressly modified herein above, all of the other terms and provisions of Article VIII shall remain in full force and effect.
Escrow Agent (Chicago Title Insurance Company) is hereby directed to wire the aggregate Deposits of $22,000,000 (together with any interest earned thereon) to Sellers pursuant to the instructions set forth on Attachment A hereto.
Except as modified hereby, the Purchase Agreements shall remain in full force and effect, and as modified hereby, the Purchase Agreements are ratified and confirmed in all respects.  To the 

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extent there is any conflict between the terms of this letter agreement and the Purchase Agreements, the terms of this letter agreement shall govern.
This letter agreement may be executed in one or more counterparts, each of which shall constitute an original and all of which when taken together shall constitute one and the same instrument.  An executed facsimile or .pdf of this letter agreement may be relied upon as having, and shall be deemed to have, the same force and effect as an original.

 [SIGNATURES ON THE FOLLOWING PAGES]

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Should the terms of this letter agreement be acceptable to you, please confirm your agreement to same by acknowledging below and returning a countersigned copy.  
Sincerely,
Buyer: 
American Realty Capital Hospitality Portfolio NBL, LLC, a Delaware limited liability company

By: /s/ Paul C. Hughes
Name: Paul C. Hughes
Title: Authorized Signatory

Sellers:

NF II COLUMBUS, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

1000 AGUAJITO, LLC, a Delaware limited
liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I BOSTON-WALTHAM, LLC, a
Delaware limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I BIRMINGHAM, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY ATLANTA, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I SCHAUMBURG, LLC,
a Delaware limited liability company
By:    Noble I Schaumburg Manager, Inc., its
manager

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY MINNEAPOLIS, LLC, a
Delaware limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY FAIRLAWN, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY PRINCETON, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY FW CITYVIEW, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY FW HURST, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY ATLANTA OVERTON PARK, LLC, a Delaware
limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I ATLANTA OP LAND CO, LLC, a
Georgia limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

NOBLE I/HY BOSTON, LLC,
a Delaware limited liability company

By: /s/ Mark K. Rafuse 
Name:  Mark K. Rafuse 
Title:  Vice President

cc:     Chicago Title Insurance Company (via email and overnight delivery)
1515 Market Street, Suite 1325
Philadelphia, PA 19102-1930
Attention:  Edwin G. Ditlow
Email: ditlowe@ctt.com

86380.000002 EMF_US 58696673v2

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