Document:

Appendix to the 1994 Incentive Stock Plan for Israeli Taxpayers

 Exhibit 10.5 
 Appendix A 
 Amended and Restated Israeli Sub-Plan 
  

	1.	Special Provisions for Israeli Tax Payers 

 1.1 This Appendix (the “Appendix”) to the PMC-Sierra, Inc. - 1994 Incentive Stock Plan, as amended and restated effective as of February 1, 2007 (the “Plan”) is effective as of April 5, 2007 (the
“Effective Date”). 
 1.2 The provisions specified hereunder apply only to persons who are deemed to be residents of the
State of Israel for tax purposes, or are otherwise subject to taxation in Israel. 
 1.3 This Appendix applies with respect to grants of
Options, Stock Purchase Rights and Restricted Stock Units under the Plan (such Options, Stock Purchase Rights and Restricted Stock Units shall collectively be referred to as “Awards”). The purpose of this Appendix is to establish
certain rules and limitations applicable to Awards and Shares that may be granted or issued under the Plan from time to time, in compliance with the securities and other applicable laws currently in force in the State of Israel. Except as otherwise
provided by this Appendix, all grants made pursuant to this Appendix shall be governed by the terms of the Plan. This Appendix is applicable only to Awards granted after the Effective Date. This Appendix shall comply with and is subject to the ITO
and Section 102. 
 1.4 The Plan and this Appendix shall be read together. In any case of contradiction, whether explicit or implied,
between the provisions of this Appendix and the Plan, the provisions of this Appendix shall govern. 
  

	2.	Definitions 

 Capitalized terms not otherwise
defined herein shall have the meaning assigned to them in the Plan. The following additional definitions will apply to grants made pursuant to this Appendix: 
 “3(i) Option” means an Option which is subject to taxation pursuant to Section 3(i) of the ITO which has been granted to any person who is not an Eligible 102 Optionee. 
 “102 Capital Gains Track” means the tax alternative set forth in Section 102(b)(2) of the ITO pursuant to which income resulting
from the sale of Shares derived from Awards is taxed as a capital gain. 
 “102 Capital Gains Track Grant” means a 102
Trustee Grant qualifying for the special tax treatment under the 102 Capital Gains Track. 

 “102 Ordinary Income Track” means the tax alternative set forth in
Section 102(b)(1) of the ITO pursuant to which income resulting from the sale of Stock derived from Awards is taxed as ordinary income. 
 “102 Ordinary Income Track Grant” means a 102 Trustee Grant qualifying for the ordinary income tax treatment under the 102 Ordinary Income Track. 
 “102 Trustee Grant” means an Award granted pursuant to Section 102(b) of the ITO and held in trust by a Trustee for the benefit of
the Optionee, and includes both 102 Capital Gains Track Grants and 102 Ordinary Income Track Grants. 
 “Affiliate” means
any “employing company” within the meaning of Section 102(a) of the ITO. 
 “Award Agreement” means the
agreement and other documents evidencing the terms and conditions of the Award. 
 “Controlling Shareholder” as defined
under Section 32(9) of the Ordinance, means an employee who prior to the grant or as a result of the exercise of any Award, holds or would hold, directly or indirectly, in his name or with a relative (as defined in the Ordinance) (i) 10%
of the outstanding shares of the Company, (ii) 10% of the voting power of the Company, (iii) the right to hold or purchase 10% of the outstanding equity or voting power, (iv) the right to obtain 10% of the “profit” of the
Company (as defined in the Ordinance), or (v) the right to appoint a director of the Company. 
 “Election” means the
Company’s choice of the type (as between capital gains track or ordinary income track) of 102 Trustee Grants it will make under the Plan, as filed with the ITA. 
 “Eligible 102 Optionee” means an Employee, a Director or an office holder of the Company or its Affiliates, who is not a Controlling Shareholder. 
 “ITA” means the Israeli Tax Authority. 
 “ITO” means the Israeli Income Tax Ordinance (New Version) 1961 and the rules, regulations, orders or procedures promulgated thereunder and any amendments thereto, including specifically the Rules,
all as may be amended from time to time. 
 “Non-Trustee Grant” means an Award granted to an Eligible 102 Optionee pursuant
to Section 102(c) of the ITO and not held in trust by a Trustee. 
 “Option” means an Option granted pursuant to the
terms and conditions of the Plan and the Appendix. 
 “Required Minimum Trust Period” means the requisite period prescribed
by the ITO and the Rules, or such other period as may be required by the ITA, with respect to 102 Trustee Grants, during which Awards or Shares issued thereunder must be held by the Trustee for the benefit of the person to whom it was granted in
order for such grant to enjoy the tax benefits afforded to a 102 Trustee Grant. Currently, such period for 102 Capital Gains Track Grants is 24 months from the date of grant of the Awards and their deposit with the Trustee. 
  

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 “Restricted Stock Units” means a Restricted Stock Unit granted pursuant to the terms and
conditions of the Plan and the Appendix. 
 “Rules” means the Income Tax Rules (Tax benefits in Stock Issuance to Employees)
5763-2003. 
 “Section 102” shall mean the provisions of Section 102 of the ITO, as amended from time to time,
including by the Law Amending the Income Tax Ordinance (Number 132), 2002, effective as of January 1, 2003 and by the Law Amending the Income Tax Ordinance (Number 147), 2005. 
 “Trustee” means a person or entity designated by the Board to serve as a trustee and approved by the ITA in accordance with the
provisions of Section 102(a) of the ITO. 
  

	3.	Types of Awards and Section 102 Election 

 3.1 102 Trustee Grants whether made as grants of Options, Stock Purchase Rights or Restricted Stock Units, shall be made pursuant to either (a) Section 102(b)(2) of the ITO as 102 Capial Gains Track Grants or
(b) Section 102(b)(1) of the ITO as 102 Ordinary Income Track Grants. The Company’s Election regarding the type of 102 Trustee Grant it chooses to make shall be filed with the ITA. Once the Company has filed such Election, it may
change the type of 102 Trustee Grant that it chooses to make only after the lapse of at least 12 months from the end of the calendar year in which the first grant was made in accordance with the previous Election, in accordance with
Section 102. For the avoidance of doubt, such Election shall not prevent the Company from granting Non-Trustee Grants to Eligible 102 Optionees at any time. 
 3.2 Eligible 102 Optionees may receive only 102 Trustee Grants or Non-Trustee Grants under this Appendix. Optionees who are not Eligible 102 Optionees may be granted only 3(i) Options under this Appendix. 

3.3 No 102 Trustee Grants may be made effective pursuant to this Appendix until 30 days after the requisite filings required by the ITO and the Rules
have been made with the ITA. 
 3.4 The Award Agreement shall indicate whether the grant is a 102 Trustee Grant, a Non-Trustee Grant or a
3(i) Grant; and, if the grant is a 102 Trustee Grant, whether it is a 102 Capital Gains Track Grant or a 102 Ordinary Income Track Grant. 
  

	4.	Terms And Conditions of 102 Trustee Awards 

 4.1 Each 102 Trustee Award will be deemed granted for purposes of Section 102 of the ITO on the date stated in a written notice by the Company, provided that effective as of such date all conditions for commencement of the Required
Minimum Trust Period have been met in accordance with any rules or guidelines of the ITA. Each 102 Trustee Award granted to an Eligible 102 Optionee shall be held by the Trustee and each certificate for Shares acquired pursuant to the exercise of an
Option, issued directly as Shares or upon vesting of the Restricted 

  

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Stock Unit, shall be issued to and registered in the name of the Trustee and shall be held in trust for the benefit of the Optionee for the Required Minimum
Trust Period. After termination of the Required Minimum Trust Period, the Trustee may release such Award and any such Shares, provided that (i) the Trustee has received an acknowledgment from the ITA that the Eligible 102 Optionee has paid any
applicable tax due pursuant to the ITO or (ii) the Trustee and/or the Company or its Affiliate withholds any applicable tax due pursuant to the ITO. The Trustee shall not release any 102 Trustee Awards or Shares issued thereunder prior to the
full payment of the Eligible 102 Optionee’s tax liabilities arising from the grant of the Award or the issuance or vesting of the Shares. 
 4.2 Each 102 Trustee Grant (whether a 102 Capital Gains Track Grant or a 102 Ordinary Income Track Grant, as applicable) shall be subject to the relevant terms of Section 102 and the ITO, which shall be deemed an integral part of the
102 Trustee Grant and shall prevail over any term contained in the Plan, this Appendix or any agreement that is not consistent therewith. Any provision of the ITO and any additional terms required by the ITA not expressly specified in this Appendix
or the Award Agreement, as applicable, which are necessary to receive or maintain any tax benefit pursuant to the Section 102 shall be binding on the Eligible 102 Optionee. The Trustee and the Eligible 102 Optionee granted a 102 Trustee Grant
shall comply with the ITO, and the terms and conditions of the Trust Agreement entered into between the Company and the Trustee. For avoidance of doubt, it is reiterated that compliance with the ITO specifically includes compliance with the Rules.
Further, the Eligible 102 Optionee agrees to execute any and all documents which the Company or the Trustee may reasonably determine to be necessary in order to comply with the provision of any applicable law, and, particularly, Section 102.

 4.3 During the Required Minimum Trust Period, the Eligible 102 Optionee shall not require the Trustee to release or sell the Awards or
Shares issued thereunder and other shares received subsequently following any realization of rights derived from Awards or Shares (including stock dividends) to the Eligible 102 Optionee or to a third party, unless permitted to do so by applicable
law. Notwithstanding the foregoing, the Trustee may, pursuant to a written request and subject to applicable law, release and transfer such Shares to a designated third party, provided that both of the following conditions have been fulfilled prior
to such transfer: (i) all taxes required to be paid upon the release and transfer of the Shares have been withheld for transfer to the tax authorities and (ii) the Trustee has received written confirmation from the Company that all
requirements for such release and transfer have been fulfilled according to the terms of the Company’s corporate documents, the Plan, any applicable agreement and any applicable law. To avoid doubt such sale or release during the Required
Minimum Trust Period will result in different tax ramifications to the Eligible 102 Optionee under Section 102 of the ITO and the Rules and/or any other regulations or orders or procedures promulgated thereunder, which shall apply to and shall
be borne solely by such Eligible 102 Optionee. 
 4.4 In the event a stock dividend is declared and/or additional rights are granted with
respect to Shares which derive from 102 Trustee Grants, such dividend and/or rights shall also be subject to the provisions of this Section 4 and the Required Minimum Trust Period for such shares and/or rights shall be measured from the
commencement of the Required Minimum Trust Period for the Awards with respect to which the dividend was declared and/or rights granted. In the event of a cash dividend on Shares, the Trustee shall transfer the dividend proceeds to the Eligible 102
Optionee after deduction of taxes and mandatory payments in compliance with applicable withholding requirements. 
  

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 4.5 If an Option or Restricted Stock Unit granted as a 102 Trustee Grant is exercised or vests during the
Required Minimum Trust Period, the Shares issued upon such exercise or vesting shall be issued in the name of the Trustee for, the benefit of the Eligible 102 Optionee. If such an Option or Restricted Stock Unit is exercised or vests after the
Required Minimum Trust Period ends, the Shares issued upon such exercise or vesting shall, at the election of the Eligible 102 Optionee, either (i) be issued in the name of the Trustee, or (ii) be transferred to the Eligible 102 Optionee
directly, provided that the Optionee first complies with all applicable provisions of the Plan and further provided that the Eligible 102 Optionee’s tax liabilities arising from the grant of the Award or the issuance or vesting of the Shares
has been paid in full. 
 4.6 Notwithstanding anything to the contrary in the Plan, any Restricted Stock Units that are granted under a 102
Trustee Grant may be settled in Shares only (when earned). 
  

	5.	Assignability 

 As long as Awards or Shares
are held by the Trustee on behalf of the Eligible 102 Optionee, all rights of the Eligible 102 Optionee over the Award and Shares are personal, can not be transferred, assigned, pledged, or mortgaged, other than by will or laws of descent and
distribution. 
  

	6.	Tax Consequences 

 6.1 Any tax consequences
arising from the grant, vesting or exercise of any Awards, from the payment for Shares covered thereby, or from any other event or act (of the Company and/or its affiliates and/or the Trustee and/or the Optionee), hereunder, shall be borne solely by
the Optionee. The Company and/or its affiliates and/or the Trustee shall withhold taxes according to the requirements under the applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Optionee shall agree to
indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to
withhold, or to have withheld, any such tax from any payment made to the Optionee. The Company and/or any of its Affiliates and/or the Trustee may make such provisions and take such steps as they may deem necessary or appropriate for the withholding
of all taxes required by law to be withheld with respect to Awards under the Plan and the exercise, vesting and/or sale or other disposition thereof, including, but not limited, to (i) deducting the amount so required to be withheld from any
other amount (or Shares issuable) then or thereafter to be provided to the Optionee, including by deducting any such amount from the Optionee’s salary or other amounts payable to the Optionee, to the maximum extent permitted under law and/or
(ii) requiring the Optionee to pay to the Company or any of its affiliates the amount so required to be withheld as a condition of the issuance, delivery, distribution or release of any Shares. The Company and/or the Trustee shall not be
required to release any Shares to the Optionee until all required withholding taxes have been paid by the Optionee. In addition, the Optionee will be required to pay any amount due in excess of the tax withheld and transferred to the ITA, pursuant
to applicable tax laws, regulations and rules. 
  

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 6.2 With respect to Non-Trustee Grants, if the Optionee ceases to be employed by the Company or any
Affiliate, the Eligible 102 Optionee shall extend to the Company and/or its Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares, to the satisfaction of the Company, all in accordance with the provisions of
Section 102 of the ITO and the Rules. 
  

	7.	Governing Law and Jurisdiction 

 Notwithstanding any other provision of the Plan, with respect to Awards granted under this Appendix, the Plan and all instruments issued thereunder or in connection therewith shall be governed by, and interpreted in accordance with, the
laws of the State of Israel applicable to contracts made and to be performed therein. 
  

 -6-Exhibit 10.19 C

 Exhibit 10.19C 
 FIFTH AMENDMENT 
 THIS FIFTH AMENDMENT (“Fifth Amendment”) is made and entered into
as of the 25th day of May, 2007 by and between MCZ/CENTRUM FLORIDA XIX, L.L.C., a Delaware limited liability company (the “Seller”) and MHI HOLLYWOOD, LLC, a Delaware limited liability company (the “Purchaser”).

 RECITALS 
 A. Purchaser
and MCZ/Centrum Florida VI Owner, L.L.C., an Illinois limited liability company (“MCZ/Centrum”) entered into that certain agreement dated September 7, 2005 (the “Original Agreement”) regarding the purchase and
sale of a hotel condominium unit located in Hollywood, Florida. 
 B. On November 16, 2005, MCZ/Centrum and Purchaser entered into an
amendment to the Original Agreement by extending a period of time Purchaser has to satisfy a condition set forth in the Original Agreement (the “First Amendment”). 
 C. On February __, 2006, MCZ/Centrum and Purchaser entered into a second amendment modifying the Original Agreement by extending a period of time
Purchaser has to satisfy conditions set forth in the Original Agreement (the “Second Amendment”); 
 D. MCZ/Centrum has
assigned all of its right, title and interest in the Agreement to Seller. 
 E. On September 1, 2006, Seller and Purchaser entered into
a third amendment and a modifying and amending certain terms and provisions of the Original Agreement (the “Third Amendment”) 
 F. On September 1, 2006, Seller and Purchaser entered into a fourth amendment modifying and amending certain terms and provisions of the Original Agreement (the “Fourth Amendment”); the Original Agreement as modified
by the First Amendment, the Second Amendment, the Third Amendment and the Fourth Amendment is hereafter referred to as the “Agreement”). 
 G. The Seller and Purchaser desire to modify and amend certain terms and provisions of the Agreement as hereinafter set forth. 
 NOW, THEREFORE, for and in consideration of mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows: 
 1. Recitals. The recitals to this Fifth Amendment are true and correct and are incorporated herein by reference and made a
part hereof. 

 2. Defined Terms. Any defined terms utilized in this Fifth Amendment but not defined herein shall
have the meaning ascribed to said terms in the Agreement. 
 3. Purchase of Units. 
 A. Section 4(A) of the Fourth Amendment is hereby deleted in its entirety. 
 B. Section 4(B) of the Fourth Amendment is hereby amended to read as follows: 
 B. In the event Seller has not closed on at least Two Hundred Fifty (250) Units, excluding the Hotel Unit, on or before
September 1, 2007, Seller may require Purchaser to purchase the difference between the number of Units Seller has actually closed on as of September 1, 2007 and Two Hundred Fifty (250), but not to exceed One Hundred (100) Units, by
written notice to Purchaser given on or before September 15, 2007. In such event, the closing with respect to the Units shall occur on or before October 31, 2007 at a purchase price of the Unit Purchase Price, as hereinafter defined, per
unit and the closing shall be in accordance with the terms and provisions of the Unit Purchase Agreement except that Purchaser shall not be required to pay the 1.75% developer fee as reflected in the Unit Purchase Agreement. All other terms of the
Unit Purchase Agreement not inconsistent with this Section 4(B) shall apply. 
 C. Section 4(C) of the Fourth
Amendment is hereby amended to read as follows: 
 C. For the purposes of this Section the term “closed on” shall
mean that, as of September 1, 2007, Seller has actually received funds and transferred title to Units. By way of example, if on September 1, 2007, Seller has actually received funds and transferred title to One Hundred
(100) Units and Seller has One Hundred (100) Units under binding contracts after all rescission rights have expired and which are free from buyer defaults and Fifty (50) binding contracts after all rescission rights have expired but
which contracts are in default for any reason, including, without limitation, the failure of the buyers thereunder to close on the closing date specified by Seller, then Purchaser would be required to purchase from Seller One Hundred
(100) Units on or before October 31, 2007. 
 D. Section 4(F) of the Fourth Amendment is hereby amended to read
as follows: 
 F. In the event Purchaser purchases Units pursuant to an exercise by Seller of its rights under
Section 4(B), all of Purchaser’s obligations pursuant to Section 5.4 of the Agreement shall expire and be of no further force or effect and neither Seller nor the Association shall be entitled to exercise the Buy Back Option, except
as provided in Section 14 of this Fourth Amendment. 
  

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 4. Sales Effort. Section 5 of the Fourth Amendment shall be amended to read as follows:

 Sales Effort. Seller shall utilize commercially reasonable efforts to schedule closings with respect to Units which are under
contract as soon as reasonably possible to maximize the number of Units that Seller has closed on prior to September 1, 2007. 
 5.
Conflict. In the event of conflict between the terms and provisions of the Agreement and this Fifth Amendment, the terms and provisions of this Fifth Amendment shall control. This provision shall survive the Closing. 
 6. Ratification. Except as hereby modified, Seller and Purchaser hereby ratify and reaffirm all of the terms and provisions of the Agreement.

 7. Counterparts. This Fifth Amendment may be executed in counterparts, each of which, or any combination thereof, and combination
of which, when signed by all parties, shall be deemed an original but all of which taken together shall constitute one Fifth Amendment. 
 8.
Buy Back Right. Section 14 of the Fourth Amendment is hereby amended to read as follows: 
 Buy Back Right.
In the event that Purchaser defaults in its obligations under Section 4(B) of this Fourth Amendment, Seller may elect in lieu of pursuing its rights under the MHI Guaranty to repurchase the Hotel Unit, the Personal Property and the Rental
Agreements (the “Buy Back Right”) for a purchase price of Six Hundred Thousand and No/100 Dollars ($600,000.00) (the “Buy Back Purchase Price”). The closing with respect to the Buy Back Right (the “Buy Back Option
Closing”) shall occur within thirty (30) days after Seller exercises the Buy Back Right by written notice to Purchaser. Purchaser, and its affiliates, as appropriate, shall convey the Hotel Unit, the Personal Property and the Rental
Agreements free and clear of all liens and encumbrances, subject only to the Permitted Exceptions and such other exceptions to title arising by, through, or under Seller. The Buy Back Purchase Price shall be paid in cash at Closing, subject to
customary adjustments and prorations and the payment of customary closing costs. Purchaser shall convey the Hotel Unit by special warranty deed, convey the Personal Property by bill of sale and execute and deliver customary Seller’s affidavit
of no liens and FIRPTA affidavit. Purchaser, or its affiliates, as appropriate, and Seller shall execute an assignment and assumption of Rental Agreements and the service contracts as the Seller elects to assume. At the Closing, Seller shall return
the MHI Guaranty marked cancelled and Purchaser shall be released from any liabilities to Seller for failing to comply with the provisions of Section 4(B) of this Fourth Amendment. This provision shall survive the Closing and be reflected in
the special warranty deed to be delivered by Seller at Closing. 
 [SIGNATURE PAGE FOLLOWS] 
  

 3 

 IN WITNESS HEREOF, the parties have executed this Fifth Amendment as of the date first above written.

  

			
	SELLER:
	
	 MCZ/CENTRUM FLORIDA XIX, L.L.C.,
 a Delaware
limited liability company

		
	By:	 	/s/ Brian Niven
		 	Brian Niven, a Manager
	
	PURCHASER:
	
	 MHI HOLLYWOOD, LLC,
 a Delaware limited
liability company

		
	By:	 	/s/ Andrew M. Sims
		 	Andrew M. Sims, Manager

  

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 JOINDER 
 The undersigned, MHI HOSPITALITY CORPORATION, a Delaware corporation, and Guarantor under that Guaranty in favor of MCZ/CENTRUM FLORIDA XIX, L.L.C., dated September 1, 2006 (the “Guaranty”), does hereby
join in the execution of this Fifth Amendment for the purpose of reaffirming its obligations as Guarantor under the Guaranty with respect to the purchase of the Units, as contained in Section 4 of the Fourth Amendment, and as modified by this
Fifth Amendment, and does hereby agree that every reference in the Guaranty to “Section 5 of the Fourth Amendment” shall be deleted and replaced by “Section 4 of the Fourth Amendment, as modified by the Fifth Amendment”.

  

									
	Witnesses:	 		 	GUARANTOR:
			
	 ___________________________________________________
 Print Name:__________________________________________
	 		 	 MHI HOSPITALITY CORPORATION,
 a Delaware
corporation

				
	___________________________________________________	 		 	By:	 	  
	Print Name:__________________________________________	 		 		 	Andrew M. Sims, President

  

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