Document:

WYN-EX10.2_2013.3.31-Q1

Exhibit 10.2
AMENDMENT NO. 3
TO
EMPLOYMENT AGREEMENT
AMENDMENT, dated March 15, 2013 (“Amendment”), made to the Employment Agreement dated as of November 17, 2008, as first amended by the letter agreement dated as of December 1, 2008 and further amended by Amendment No. 1 effective as of December 16, 2009 and Amendment No. 2 effective as of March 1, 2011 (together, the “Employment Agreement”), by and between Wyndham Worldwide Corporation, a Delaware corporation (the “Company”), and Eric Danziger (the “Executive”).  Except as provided herein all terms and conditions set forth in the Employment Agreement shall remain in full force and effect.
WHEREAS, the Company and the Executive have previously entered into the Employment Agreement; and
WHEREAS, the Company and the Executive desire to amend the Employment Agreement as set forth below.
NOW, THEREFORE, effective as of the date first written above, the Employment Agreement is hereby amended as follows:
1.The first sentence of Section II of the Employment Agreement is hereby amended in its entirety and replaced with the following:
The period of the Executive’s employment under this Agreement (the “Period of Employment”) shall begin on the Effective Date and shall end on November 17, 2014, subject to earlier termination as provided in this Agreement. 
2.    From and after the date hereof, all references to the Employment Agreement shall mean the Employment Agreement as amended hereby. Except as expressly amended hereby, the Employment Agreement shall remain in full force and effect, and is hereby ratified and confirmed.  
IN WITNESS WHEREOF, the undersigned has caused this Amendment to be executed this 15th day of March 2013.
	
		
	EXECUTIVE

	 
	/s/ Eric Danziger

	 
	Eric Danziger

	 
	 

	
		
	WYNDHAM WORLDWIDE CORPORATION

	By:
	/s/ Mary Falvey

	 
	Name: Mary Falvey

	 
	Title: Executive Vice Presidentex10-4.htm

 

EXHIBIT 10.4

AMENDMENT NO. 3

TO THE

AMENDED AND RESTATED ADVISORY AGREEMENT

This Amendment No. 3 to the Amended and Restated Advisory Agreement (this “Amendment”) is made and entered into as of April 9, 2013 by and among Moody National REIT I, Inc., a Maryland corporation (the “Company”), Moody National Operating Partnership I, L.P., a Delaware limited partnership (the “Operating Partnership”), Moody National Advisor I, LLC, a Delaware limited liability company (the “Advisor”), and, solely in connection with the obligations set forth in Section 13 of the Advisory Agreement (as defined below), Moody National Realty Company, L.P., a Texas limited partnership (“Moody National”). The Company, the Operating Partnership, the Advisor and Moody National are collectively referred to herein as the “Parties.” Capitalized terms used but not defined herein shall have the meaning set forth in the Advisory Agreement (as defined below).

W I T N E S S E T H

WHEREAS, the Parties previously entered into that certain Amended and Restated Advisory Agreement, dated and effective as of August 14, 2009 (the “Advisory Agreement”), which provided for, among other matters, the management of the Company’s and the Operating Partnership’s day-to-day activities by the Advisor;

WHEREAS, the initial term of the Advisory Agreement is for a one year term which agreement may be renewed for an unlimited number of successive one year terms;

WHEREAS, the Parties previously agreed to extend the term of the Advisory Agreement to April 15, 2013; and

WHEREAS, pursuant to Section 16 (Term of the Agreement) of the Advisory Agreement, the Parties desire to amend the Advisory Agreement pursuant to this Amendment in order to renew the term of the Advisory Agreement for an additional one year term.

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the Parties, intending to be legally bound, hereby agree as follows:

ARTICLE I

AMENDMENT

In order to give effect to the Parties’ agreement to renew the term of the Advisory Agreement for an additional one year term, the Parties agree as follows:

Section 1.1          Renewal of Advisory Agreement.  Pursuant to Section 16 of the Advisory Agreement, the Parties hereby renew the term of the Advisory Agreement effective as of April 15, 2013 for an additional one year term ending on April 15, 2014.

  

1

  

 

ARTICLE II

MISCELLANEOUS

Section 2.1          Continued Effect.   Except as specifically set forth herein, all other terms and conditions of the Advisory Agreement shall remain unmodified and in full force and effect, the same being confirmed and republished hereby.  In the event of any conflict between the terms of the Advisory Agreement and the terms of this Amendment, the terms of this Amendment shall control.

Section 2.2          Counterparts.  The Parties may sign any number of copies of this Amendment.  Each signed copy shall be an original, but all of them together represent the same agreement.  Delivery of an executed counterpart of a signature page of this Amendment or any document or instrument delivered in connection herewith by telecopy or other electronic method shall be effective as delivery of a manually executed counterpart of this Amendment or such other document or instrument, as applicable.

Section 2.3           Governing Law.  This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of Delaware.

[Signatures on following page]

  

2

  

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first written above.

 

	 	
MOODY NATIONAL REIT I, INC.

	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	Name: 	
Brett Moody

	 	Title: 	
President

 

	 	MOODY NATIONAL OPERATING PARTNERSHIP I, L.P.
	 	 	 
	 	By:	MOODY NATIONAL REIT I, INC., its general partner
	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	Name: 	Brett Moody
	 	Title: 	President

 

	 	
MOODY NATIONAL ADVISOR I, LLC

	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	Name: 	
Brett Moody

	 	Title: 	
President

 

	 	Solely in connection with the obligations set forth in Section 13 of the Advisory Agreement:
	 	 
	 	
MOODY NATIONAL REALTY COMPANY, L.P.

	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	Name: 	
Brett Moody

	 	Title: 	
Presidentex10-48.htm

 

EXHIBIT 10.48

 

ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT

 

THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT (this “Assignment”), is made and entered into as of the 9th day of April, 2013, by and between MOODY NATIONAL REIT I, INC., a Maryland corporation (“Assignor”), MOODY NATIONAL HP G-TOWN HOLDING, LLC, a Delaware limited liability company (“Fee Owner”) and MOODY NATIONAL HP G-TOWN MT, LLC, a Delaware limited liability company (“Master Tenant”, Fee Owner and Master Tenant are collectively referred to herein as “Assignee”).

 

W I T N E S S E T H :

 

WHEREAS, Assignor, as Buyer, entered into that certain Agreement of Purchase and Sale for the purchase and sale of the land and the improvements located at located at 9161 Winchester Road, Germantown, Tennessee (“Hotel Site”) dated as of February 11, 2013 (the “Agreement”).  Any terms not defined herein shall have the meaning as set forth in the Agreement.

 

WHEREAS, Assignor now wishes to assign all of its right, title and interest under the Agreement in and to the Land and Improvements of the Hotel Site (the “Fee Interest”) to Fee Owner, and Fee Owner desires to assume and perform the obligations of Assignor as Purchaser under the Agreement, with respect to the Fee Interest.

 

WHEREAS, Assignor now wishes to assign all of its right, title and interest as Purchaser under the Agreement in and to the personalty of the Hotel Site (collectively, the “Personalty Interest”) to Master Tenant, and Master Tenant desires to assume and perform the obligations of the Assignor as purchaser under the Agreement, with respect to the Personalty Interest.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor, Fee Owner and Master Tenant hereby agree as follows:

 

1.           Assignment to Fee Owner.  Assignor does hereby SELL, GRANT, ASSIGN, TRANSFER, CONVEY, RELINQUISH AND SET OVER unto Fee Owner all of Assignor’s right, title and interest in and to the Fee Interest.

2.           Assignment to Master Tenant.  Assignor does hereby SELL, GRANT, ASSIGN, TRANSFER, CONVEY, RELINQUISH AND SET OVER unto Master Tenant all of Assignor’s right, title and interest in and to the Personalty Interest.

3.           Assumption by Assignee.  Assignee, hereby accepts the foregoing assignment, agrees to jointly and severally assume and perform all the duties and obligations to be performed by the Purchaser under the Agreement therein mentioned to the same extent as if Assignee had originally been named as the Purchaser in that Agreement, and to indemnify and hold Assignor harmless for any liability for performance or nonperformance of the duties and obligations assumed by Assignee.

4.           Governing Law.  This Agreement shall be governed by, and be construed in accordance with, the laws of the State of Tennessee.

  

  

  

 

5.           Counterparts.  To facilitate execution, this Assignment may be executed in as many counterparts as may be required.  It shall not be necessary that the signature on behalf of both parties hereto appear on each counterpart hereof.  All counterparts hereof shall collectively constitute a single agreement.

 

6.           Entire Agreement.  This Assignment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

[Signature page follows.]

  

  

  

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Assignment as of the date and year first above written.

 

	 	ASSIGNOR:
	 	 
	 	
MOODY NATIONAL REIT I INC., a Maryland corporation

	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	 	
  Brett C. Moody, President

 

	 	
FEE OWNER:

	 	 
	 	MOODY NATIONAL HP G-TOWN HOLDING, LLC, a Delaware limited liability company
	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	 	
  Brett C. Moody, President

 

	 	
MASTER TENANT:

	 	 
	 	
MOODY NATIONAL HP G-TOWN MT, LLC, a Delaware limited liability company

	 	 	 
	
 

	
By: 

	/s/ Brett C. Moody
	 	 	
  Brett C. Moody, President

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