SEC Contract Filing

Filing Date: 2024-04-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.36
<SEQUENCE>3
<FILENAME>luxurbanhotels_ex10-36.htm
<DESCRIPTION>EXHIBIT 10.36
<TEXT>
<HTML>
 <HEAD>
 <TITLE></TITLE>
 </HEAD>
 <BODY STYLE="font: 10pt Times New Roman, Times, Serif">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0"><B>Exhibit 10.36</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">April&nbsp;12, 2024</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Greenle Partners LLC Series Alpha P.S</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">156 W Saddle River Road</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Saddle River, New Jersey 07458</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Greenle Partners LLC Series Beta P.S.</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">156 W Saddle River Road</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Saddle River, New Jersey 07458</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Gentlemen:</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Reference is made to (i) the Securities Purchase Agreement dated as of May&nbsp;27, 2022 (the &ldquo;<U>May Agreement</U>&rdquo;) between LuxUrban Hotels Inc. (formerly known as CorpHousing Group, Inc.), a Delaware
 corporation (the &ldquo;<U>Company</U>&rdquo;), and Greenle Partners LLC Series Alpha P.S., a Delaware limited liability company
 (&ldquo;<U>Greenle Alpha</U>&rdquo;), (ii) the Securities Purchase Agreement dated as of June&nbsp;30, 2022 and amended by the letter agreement dated July&nbsp;15, 2022, Addendum to Securities Purchase Agreement dated as of August&nbsp;15, 2022 and the letter agreement dated September&nbsp;16, 2022 (as amended, the &ldquo;<U>June Agreement</U>&rdquo;) between the Company and Greenle Alpha, (iii) the Securities Purchase Agreement
 dated as of September&nbsp;30, 2022 and amended by the letter agreement dated October&nbsp;20, 2022 (as amended, the &ldquo;<U>September Agreement</U>&rdquo; and, together with the May Agreement and the June Agreement, the &ldquo;<U>Purchase Agreements</U>&rdquo;) between the Company and Greenle Alpha, (iv) the Loan Agreement dated as of November&nbsp;23, 2022 (the &ldquo;<U>Loan Agreement</U>&rdquo;) among the Company, Greenle Alpha and Greenle Partners LLC Series Beta P.S., a Delaware
 limited liability company (&ldquo;<U>Greenle Beta</U>&rdquo; and, together with Greenle Alpha, &ldquo;<U>Greenle</U>&rdquo;), as supplemented or amended by the letter agreement dated February&nbsp;17, 2023, (v) the letter agreement between Greenle and the Company dated February&nbsp;13, 2023 pursuant to which, among other matters, certain future Revenue Share payments were
 converted to the obligation by the Company to issue shares of Common Stock (the &ldquo;<U>February&nbsp;2023 Revenue Share Agreement&rdquo;</U>), (vi) the letter agreement between Greenle and the Company dated April&nbsp;16, 2023, pursuant to which, among other matters, the Company agreed to register for
 resale the Common Stock issuable upon the exercise of the Warrants held by Greenle
 pursuant to the February&nbsp;2023 Revenue Share Agreement (the &ldquo;<U>April&nbsp;2023 Letter Agreement</U>&rdquo;), (vii) the Revenue Share Exchange Agreement dated May&nbsp;21, 2023 between the Company and Greenle pursuant to which, among other matters, Greenle
 agreed to terminate any and all rights to receive cash revenue share payments under
 the Purchase Agreements, the Loan Agreement and the February&nbsp;2023 Revenue Share Agreement, except for the share issuances and cash payments required
 to be made by the Company to Greenle under Sections (i)(a) and (i)(b) of the February&nbsp;2023 Revenue Share Agreement and the Company agreed to issue up to an aggregate of
 6,740,000 shares of Common Stock from time to time upon Greenle&rsquo;s written direction (the &ldquo;<U>May&nbsp;2023 Letter Agreement</U>&rdquo;); (viii) the letter agreement between the Company and Greenle dated June&nbsp;19, 2023 pursuant to which among other matters, the parties agreed to restructure the Company&rsquo;s obligation to issue the remaining shares of Common Stock pursuant to Section (i)(a)
 of the February&nbsp;2023 Revenue Share Agreement, such that Greenle would need to provide written direction
 to the Company to be issued all or a portion of such shares (the &ldquo;<U>June&nbsp;2023 Letter Agreement</U>&rdquo;), (ix) the letter agreement between the Company and Greenle dated June&nbsp;19, 2023 pursuant to which, among other matters, the Company agreed to register for
 resale the Common Stock issuable upon the exercise of the Warrants held by Greenle
 pursuant to the April&nbsp;2023 Letter Agreement (the &ldquo;<U>Second June&nbsp;2023 Letter Agreement</U>&rdquo;), (x) the letter agreement between the Company and Greenle dated August&nbsp;15, 2023 pursuant to which among other matters, the Company agreed to issue 300,000 shares
 of Common Stock in lieu of certain cash payments owed to Greenle under Section (i)(b)
 of the February&nbsp;2023 Revenue Share Agreement upon Greenle&rsquo;s written direction (the &ldquo;<U>August&nbsp;2023 Letter Agreement</U>&rdquo; and together with the February&nbsp;2023</P>

<P STYLE="font: 10p