Common use of NOTICE OF EXERCISE OF REDEMPTION RIGHT Clause in Contracts

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook Hotel, L.P., the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook Hotel, L.P. in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __, _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust (the “General Partner”) and Pebblebrook Hotel, L.P. (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook Hotel, L.P., the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook Hotel, L.P. in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ Name of Limited Partner: (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust (the “General Partner”) and Pebblebrook Hotel, L.P. (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook Hotel, L.P.NexCore Group LP, the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook Hotel, L.P. NexCore Group LP in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Parent Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Parent Shares (as defined in the Agreement) are to be delivered, such REIT Parent Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Parent Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust Capterra Financial Group, Inc. (the “General Partner”) and Pebblebrook Hotel, L.P. NexCore Group LP (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership Partnership, as amended (the “Agreement”) of Pebblebrook Hotel, Physicians Realty L.P., the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook Hotel, of Physicians Realty L.P. in accordance with the terms of the Agreement Agreement, as amended, and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. The undersigned hereby represents, warrants and certifies that the undersigned (a) has title to such Common Units, free and clear of the rights and interests of any person or entity other than the Partnership or the General Partner; (b) has the full right, power and authority to cause the redemption of the Common Units as provided herein; and (c) has obtained the approval of all persons or entities, if any, having the right to consent to or approve the Common Units for redemption. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Name: Please insert social security Social Security or identifying number: NameIdentifying Number: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Physicians Realty Trust (the “General Partner”) and Pebblebrook Hotel, Physicians Realty L.P. (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook HotelLegacy Healthcare Properties, L.P.LP, the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook HotelLegacy Healthcare Properties, L.P. LP in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Legacy Healthcare Properties Trust Inc. (the “General Partner”) and Pebblebrook HotelLegacy Healthcare Properties, L.P. L.P (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) or exchange of its Common Units in the PartnershipPartnership owned by (“Partner”), the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook HotelUS Federal Properties Partnership, L.P.LP, the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook HotelUS Federal Properties Partnership, L.P. LP in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust US Federal Properties Trust, Inc. (the “General Partner”) and Pebblebrook HotelUS Federal Properties Partnership, L.P. LP (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) or exchange of its Common Units in the PartnershipPartnership owned by (“Partner”), the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook Hotel, L.P.Agree Limited Partnership, the undersigned hereby irrevocably (i) presents for redemption ________ Common Units in Pebblebrook Hotel, L.P. Agree Limited Partnership in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __, _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust Agree Realty Corporation (the “General Partner”) and Pebblebrook Hotel, L.P. Agree Limited Partnership (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the Agreement of Limited Partnership (the “Agreement”) of Pebblebrook HotelEHP Operating Partnership, L.P., the undersigned hereby irrevocably (i) presents for redemption ________ Common Partnership Units in Pebblebrook Hotel, L.P. in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Partnership Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __, _____ : Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: Under Section section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. To inform Pebblebrook Hotel Trust Eagle Hospitality Properties Trust, Inc. (the “General PartnerCompany”) and Pebblebrook HotelEHP Operating Partnership, L.P. (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units units of partnership interest in the Partnership, the undersigned hereby certifies the following on behalf of Partner:

NOTICE OF EXERCISE OF REDEMPTION RIGHT. In accordance with Section 8.04 of the First Amended and Restated Agreement of Limited Partnership (the “Agreement”) of Pebblebrook HotelMPT Operating Partnership, L.P., the undersigned hereby irrevocably (i) presents for redemption _________ Common Partnership Units in Pebblebrook HotelMPT Operating Partnership, L.P. in accordance with the terms of the Agreement and the Common Unit Redemption Right referred to in Section 8.04 thereof, (ii) surrenders such Common Partnership Units and all right, title and interest therein and (iii) directs that the Cash Amount or REIT Shares Amount (as defined in the Agreement) as determined by the General Partner and the Company deliverable upon exercise of the Common Unit Redemption Right be delivered to the address specified below, and if REIT Shares (as defined in the Agreement) are to be delivered, such REIT Shares be registered or placed in the name(s) and at the address(es) specified below. Dated:________ __: , _____ Name of Limited Partner: _______________________________________ (Signature of Limited Partner) _______________________________________ (Mailing Address) _______________________________________ (City) (State) (Zip Code) Signature Guaranteed by: _______________________________________ If REIT Shares are to be issued, issue to: Please insert social security or identifying number: Name: For Redeeming Limited Partners that are entities: Under Section section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), in the event of a disposition by a non-U.S. person of a partnership interest in a partnership in which (i) 50% or more of the value of the gross assets consists of United States real property interests (“USRPIs”), as defined in Section section 897(c) of the Code, and (ii) 90% or more of the value of the gross assets consists of USRPIs, cash, and cash equivalents, the transferee will be required to withhold 10% of the amount realized by the non-U.S. person upon the disposition. For purposes of section 1445 of the Code, the owner of an entity that is treated as disregarded as separate from such owner under U.S. Treasury regulation section 301.7701-3 and not the disregarded entity will be treated as the transferor of the partnership interest. To inform Pebblebrook Hotel Trust Medical Properties Trust, Inc. (the “General PartnerCompany”) and Pebblebrook HotelMPT Operating Partnership, L.P. (the “Partnership”) that no withholding is required with respect to the redemption by ____________ (“Partner”) of its Common Units units of partnership interest in the Partnership, the undersigned hereby certifies the following on behalf of Partner: