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SMBC DERIVATIVE PRODUCTS LIMITED |
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[LOGO] |
Sumitomo Mitsui Banking Corporation Group
CONFIRMATION
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Date: |
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December 6, 2006 |
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To: |
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ASHFORD PHILLY LP |
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ASHFORD ANCHORAGE LP |
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ASHFORD MINNEAPOLIS AIRPORT LP |
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ASHFORD MV SAN DIEGO LP |
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ASHFORD WALNUT CREEK LP |
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ASHFORD TRUMBULL LP |
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ASHFORD IOWA CITY LP |
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(individually and collectively known as “Party B”) |
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c/o Ashford Hospitality Trust |
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14185 Dallas Parkway, Suite 1100 |
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Dallas, TX 75254 |
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Telephone: 972-778-9207 |
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Telefax: 972-490-9605 |
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Cc: |
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Sergio Oliveira |
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Chat ham Financial Corporation |
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1805 Shea Center Drive#160 |
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Highlands Ranch, CO 80129 |
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T: 720-221-3517 |
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F: 720-221-3519 |
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From: |
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SMBC Capital Markets, Inc. as Agent for SMBC Derivative Products Limited |
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Derivative Products Group |
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277 Park Avenue, Fifth Floor |
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New York, New York 10172 |
cc: |
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Documentation Contact: Evan Sandler |
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Telephone: 212-224-5144 |
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Telefax: 212-224-4959 |
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Email Address: confirms@smbc-cm. com |
Re: |
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USD 35,000,000.00 Rate Protection Transaction, dated as of December 6, 2006 between SMBC Derivative Products Limited (“Party A) and Party B. |
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