Document:

Amendment No. 2 to Rights Agreement

 Exhibit 4.1 
 AMENDMENT NO. 2 
 TO 
 RIGHTS AGREEMENT 
 AMENDMENT NO. 2 to RIGHTS AGREEMENT (this “Amendment”) between C&D Technologies, Inc., a Delaware corporation (the “Company”), and the Bank of New York Mellon, a New York banking
corporation, as Rights Agent (the “Rights Agent”) is effective this 26th day of February, 2010. 
 W I T N E S S E T H: 
 WHEREAS, on February 22, 2000, the Company and ChaseMellon Shareholder Services, L.L.C., as Rights Agent (the “Former Rights
Agent”), entered into that one certain Rights Agreement, which agreement was amended by that certain Amendment to Rights Agreement, effective November 15, 2004, among the Company, the Former Rights Agent and the Rights Agent (collectively,
the “Rights Agreement”); 
 WHEREAS, the Board of Directors deems is advisable and in the best interests of the
Company and its stockholders to amend certain provisions of the Rights Agreement; 
 WHEREAS, no Person (as defined in the
Rights Agreement) has become an Acquiring Person (as defined in the Rights Agreement) and the Company has met all requirements for amendment of the Rights Agreement; and 
 WHEREAS, the Company desires to amend the Rights Agreement pursuant to Section 27 thereof as set forth below. 
 NOW, THEREFORE, the undersigned, in consideration of the premises, covenants and of the mutual agreements set forth herein and in the Rights Agreement, and other good, sufficient and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and do hereby agree as follows: 
 Section 1.
Amendments. The Rights Agreement is amended as follows: 
 (a) The term “Final Expiration Date” as set
forth in Section 1 is deleted in its entirety and replaced with the following: 
 “‘Final Expiration Date’
shall mean March 2, 2020.” 
 (b) The term “Business Day” as set forth in Section 1 is amended by
adding, after the phrase “institutions in the State of New Jersey”, the phrase “or State of New York”.
 (c)
Section 3(a) is amended by adding, immediately after the end of such section, the following: 

 “The Company shall promptly notify the Rights Agent in writing upon the
occurrence of the Distribution Date and, if such notification is given orally, the Company shall confirm same in writing on or prior to the Business Day next following. Until such notice is received by the Rights Agent, the Rights Agent may presume
conclusively (solely for purposes of carrying out its duties under this Agreement) that the Distribution Date has not occurred.” 
 (d) Sections 3(c)(i) is amended by replacing the phrase “the following legend” with the phrase “a legend in substantially the following form”. 
 (e) Sections 3(c)(ii) is amended by replacing the phrase “the following notice” with the phrase “a notice in substantially
the following form”. 
 (f) Section 4 is amended by adding, after the phrase “may deem appropriate which do not
affect the”, the phrase “rights, ”.
 (g) Section 6 is amended by adding, immediately after “Rights
Agent designated for such purpose.”, the following: 
 “The Right Certificates are transferable only on
the registry books of the Rights Agent. Neither the Rights Agent nor the Company shall be obligated to take any action whatsoever with respect to the transfer of any such surrendered Right Certificate or Certificates until the registered holder
thereof shall have (i) completed and signed the certificate contained in the form of assignment set forth on the reverse side of each such Right Certificate, (ii) provided such additional evidence of the identity of the Beneficial Owner
(or former Beneficial Owner) thereof and of the Rights evidenced thereby and the Affiliates and Associates of such Beneficial Owner (or former Beneficial Owner) as the Company or the Rights Agent shall reasonably request, and (iii) paid a sum
sufficient to cover any tax or charge that may be imposed in connection with any transfer, split up, combination or exchange of Right Certificates as required by Section 6 hereof.” 
 (h) Section 6 is amended by replacing the phrase “Rights Agent shall have no duty or obligation under this Section”, with the
phrase “Rights Agent shall have no duty or obligation under any Section of this Agreement requiring the payment of taxes or charges”. 
 (i) Section 7(b) is deleted in its entirety and replaced with the following: 
 “The Purchase Price for each one one-hundredth of a Common Share to be purchased upon the exercise of a Right shall, effective as of March 2, 2010, be $20 (the “Purchase Price”), shall
be subject to adjustment from time to time as provided in Sections

  

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11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below).” 
 (j) Section 7(c) is amended by changing the references therein from “when appropriate” to “when necessary to comply with
this Agreement”. 
 (k) Section 10 is amended by adding, after the phrase “(and any applicable taxes or charges)
was made”, the following: 
 “; provided, however, that if the date of such surrender and
payment is a date upon which the Preferred Shares transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next succeeding Business Day on
which the Preferred Shares transfer books of the Company are open.” 
 (l) Section 11(a)(ii) is amended by adding,
immediately after the period at the end thereof, the following: 
 “The Company shall give the Rights Agent
written notice of the identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing, and the Rights Agent may rely on such notice in carrying out its duties under this Agreement and shall be deemed not to have
any knowledge of the identity of any such Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing unless and until it shall have received such notice.” 
 (m) Section 14 is amended by adding a new clause (c) as follows: 
 “(c) Whenever a payment for fractional Rights or fractional shares is to be made by the Rights Agent, the Company shall
(i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payments and the prices and/or formulas utilized in calculating such payments, and (ii) provide sufficient
monies to the Rights Agent in the form of fully collected funds to make such payments. The Rights Agent shall be fully protected in relying upon such a certificate and shall have no duty with respect to, and shall not be deemed to have knowledge of
any payment for fractional Rights or fractional shares under any Section of this Agreement relating to the payment of fractional Rights or fractional shares unless and until the Rights Agent shall have received such a certificate and sufficient
monies.” 
  

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 (n) Section 15 is amended by adding, immediately after the period at the end thereof,
the following: 
 “Notwithstanding anything in this Agreement to the contrary, neither the Company nor the
Rights Agent shall have any liability to any holder of a Right or other Person as a result of its inability to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, judgment, decree
or ruling (whether interlocutory or final) issued by a court or by a governmental, regulatory, self-regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental
authority, prohibiting or otherwise restraining performance of such obligation; provided, however, that the Company must use all reasonable efforts to have any such injunction, order, judgment, decree or ruling lifted or otherwise overturned as soon
as possible.” 
 (o) Section 18 is deleted in its entirety and replaced with the following: 
 “SECTION 18. CONCERNING THE RIGHTS AGENT. The Company agrees to pay to the Rights Agent reasonable compensation for all services
rendered by it hereunder and, from time to time, on demand of the Rights Agent, its reasonable expenses and counsel fees and other disbursements incurred in the preparation, delivery, amendment, administration and execution of this Agreement and the
exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent for, and to hold it harmless against, any loss, liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense
(including, without limitation, the reasonable fees and expenses of legal counsel), incurred without gross negligence or bad faith on the part of the Rights Agent (which gross negligence or bad faith must be determined by a final, non-appealable
order, judgment, decree or ruling of a court of competent jurisdiction), for any action taken, suffered or omitted by the Rights Agent in connection with the acceptance, administration, exercise and performance of its duties under this Agreement.
The costs and expenses incurred in enforcing this right of indemnification shall be paid by the Company. The provisions of this Section 18 and Section 20 below shall survive the termination of this Agreement, the exercise or expiration of
the Rights and the resignation, replacement or removal of the Rights Agent. 
 The Rights Agent shall be
authorized and protected and shall incur no liability for, or in respect of any action taken,

  

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suffered or omitted by it in connection with its acceptance and administration of this Agreement and the exercise and performance of its duties hereunder, in reliance upon any Rights Certificate
or certificate of Common Shares or for other securities of the Company, instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper or document believed
by it to be genuine and to be signed, executed and, where necessary, verified or acknowledged, by the proper Person or Persons, or otherwise upon the advice of counsel as set forth in Section 20 hereof.” 
 (p) Section 20(a) is deleted in its entirety and replaced with the following: 
 “(a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Company or an employee of the Rights Agent), and
the advice or opinion of such counsel shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any action taken, suffered or omitted by it and in accordance with
such advice or opinion.” 
 (q) Section 20(b) is deleted in its entirety and replaced with the following: 

“(b) Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or desirable that any
fact or matter (including without limitation, the identity of an Acquiring Person and the determination of the current per share market price of any security) be proved or established by the Company prior to taking, suffering or omitting to take any
action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by any one of the President, any Vice President, the
Treasurer or the Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any
action taken, suffered or omitted by it under the provisions of this Agreement in reliance upon such certificate.” 
 (r)
Section 20(c) is deleted in its entirety and replaced with the following: 
 “(c) The Rights Agent shall be liable
hereunder to the Company and any other Person only for its own gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable order,

  

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judgment, decree or ruling of a court of competent jurisdiction). Anything to the contrary notwithstanding, in no event shall the Rights Agent be liable for special, punitive, indirect,
consequential or incidental loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage.” 
 (s) Section 20(g) is deleted in its entirety and replaced with the following: 
 “(g) The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder
from any one of the President, any Vice President, the Treasurer or the Secretary of the Company, and to apply to such officers for advice or instructions in connection with its duties, and such instructions shall be full authorization and
protection to the Rights Agent and the Rights Agent shall not be liable for or in respect of any action taken, suffered or omitted by it in accordance with instructions of any such officer or for any delay in acting while waiting for those
instructions. The Rights Agent shall be fully authorized and protected in relying upon the most recent instructions received by any such officer. Any application by the Rights Agent for written instructions from the Company may, at the option of the
Rights Agent, set forth in writing any action proposed to be taken, suffered or omitted by the Rights Agent under this Agreement and the date on and/or after which such action shall be taken or suffered or such omission shall be effective. The
Rights Agent shall not be liable for any action taken or suffered by, or omission of, the Rights Agent in accordance with a proposal included in any such application on or after the date specified in such application (which date shall not be less
than five Business Days after the date any officer of the Company actually receives such application, unless any such officer shall have consented in writing to an earlier date) unless, prior to taking any such action (or the effective date in the
case of an omission), the Rights Agent shall have received written instructions in response to such application specifying the action to be taken, suffered or omitted.” 
 (t) Section 20(i) is amended by adding, immediately prior to the period at the end thereof, the following: 
 “(which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable order, judgment,
decree or ruling of a court of competent jurisdiction)” 
 (u) Section 23(b) is amended by replacing “Rights
Agreement” to “Rights Agent”. 
  

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 (v) Section 26 is deleted in its entirety and replaced with the following: 

“SECTION 26. NOTICES. Notices or demands authorized by this Agreement to be given or made by the Rights Agent or by the holder of any
Rights Certificate to or on the Company shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing by the Company with the Rights Agent) as follows: 
 C&D Technologies, Inc. 
 1400 Union Meeting Road 
 P.O. Box 3053 
 Blue Bell, PA 19422-0858 
 Attention: James D. Dee, 
       Vice President, General Counsel and Corporate Secretary 
 Subject to the provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or made by the Company or
by the holder of any Rights Certificate to or on the Rights Agent shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) as follows: 
 BNY Mellon Shareowner Services 
 480 Washington Blvd. 29th Floor 
 Jersey City, NJ 07310 
 Attention: Kieran McGovern 
 with a copy to: 
 Mellon Investor Services LLC 
 Newport Office Center VII 
 480 Washington Blvd. 29th Floor 
 Jersey City, NJ 07310 
 Attention: General Counsel 
 Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the holder of any Rights Certificate (or, if prior to the Distribution Date, to the holder of certificates representing shares of
Common Stock) shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such holder at the address of such holder as shown on the registry books of the Company.” 
  

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 (w) Section 27 is amended by adding, after the phrase “does not change or increase
the Rights Agent”, the phrase “rights, ”. 
 (x) Section 31 is deleted in its entirety and replaced with the
following: 
 “SECTION 31. GOVERNING LAW. This Agreement and each Right Certificate issued hereunder shall be deemed to be a
contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State; provided, however,
that all provisions regarding the rights, duties and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such
State.” 
 (y) Section 34 is amended by adding, immediately after the period at the end thereof, the following:

 “The Rights Agent is entitled always to assume the Company’s Board of Directors acted in good faith
and shall be fully protected and incur no liability in reliance thereon.” 
 (z) The Rights Agreement is amended by adding
Section 35 as follows: 
 “SECTION 35. FORCE MAJEURE. Notwithstanding anything to the contrary contained herein, the
Rights Agent shall not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or
malfunctions of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war or civil unrest.” 
 (aa) Exhibit A to the Rights Agreement is amended by changing the references therein from “$300” to “$20”. 

(bb) Exhibit B to the Rights Agreement is amended by changing the references therein from “$300” to “$20”.

 (cc) Exhibit A to the Rights Agreement is amended by changing the references therein from “March 2, 2010” to
“March 2, 2020”. 
 (dd) Exhibit B to the Rights Agreement is amended by changing the references therein from
“March 2, 2010” to “March 2, 2020”. 
  

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 Section 2. Effect of this Amendment. It is the intent of the parties that
this Amendment constitutes an amendment of the Rights Agreement as contemplated by Section 27 thereof. This Amendment shall be deemed effective as of the date hereof as if executed by both parties hereto on such date. Except as expressly
provided in this Amendment, the terms of the Rights Agreement remain in full force and effect. 
 Section 3.
Counterparts. This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute one and the same instrument.

 Section 4. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State
of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state; provided, however, that all provisions regarding the rights,
duties and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State. 
 Section 5. Severability. If any term, provision, covenant or restriction of this Amendment is held by a court of competent
jurisdiction or other authority to be invalid, illegal or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or
invalidated. 
 Section 6. Descriptive Headings. The captions herein are included for convenience of reference only,
do not constitute a part of this Amendment and shall be ignored in the construction and interpretation hereof. 
  

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

															
	 	 	 	 	 	 	 	 	 	 	 	 	 C&D TECHNOLOGIES, INC.
	  
 Attest:
  
	 		 		 		 		 		 		 	
		 		 		 		 		 		 	 By:	 	 /s/    Jeffrey A. Graves

		 		 		 		 		 		 	 Name:	 	Jeffrey A. Graves
		 		 		 		 		 		 	 Title:	 	President & CEO

  

					
	 By:
	 	 /s/    Todd J. Greenspan
	 	
	 Name:
	 	Todd J. Greenspan	 	
	 Title:
	 	Vice President, Corporate Controller	 	

  

											
		 		 		 		 	                  BANK OF NEW YORK
MELLON, AS
                  RIGHTS
AGENT

	  
 Attest:
  
	 		 		 		 		 	
		 		 		 		 	                 By:    	 	/s/    Kieran McGovern
		 		 		 		 		 	(Signature)

  

													
	By:	 	 /s/    Eliesee Guardiola
	 		 		 		 		 	
		 	(Signature)	 		 		 		 	               Kieran McGovern

	         Eliesee
Guardiola
	 		 		 		 		 	(Typed or Printed Name)
		 	(Printed or Typed Name)	 		 		 		 	             Relationship Manager

	         Relationship
Manager
	 		 		 		 		 	(Title)
		 	(Title)Exhibit 10.30

 Exhibit 10.30 
 HOST HOTELS & RESORTS, INC. 
 Non-Employee
Directors’ Deferred Stock Compensation Plan 
 As Amended and Restated Effective as of December 15, 2009

 TABLE OF CONTENTS 
  

							
		  		  	 PAGE

		
	ARTICLE I PURPOSE AND EFFECTIVE DATE	  	3
				
		  	 1.1	  	Purpose	  	3
		  	 1.2	  	Effective Date	  	3
		
	ARTICLE II DEFINITIONS	  	3
				
		  	 2.1	  	Committee	  	3
		  	 2.2	  	Deferral Date	  	3
		  	 2.3	  	Deferral Election	  	3
		  	 2.4	  	Director Stock Awards	  	3
		  	 2.5	  	Distribution Election	  	3
		  	 2.6	  	Dividend Equivalents	  	3
		  	 2.7	  	Fees	  	4
		  	 2.8	  	Participant	  	4
		  	 2.9	  	Plan	  	4
		  	 2.10	  	Secretary	  	4
		  	 2.11	  	Separation from Service	  	4
		  	 2.12	  	Shares	  	4
		  	 2.13	  	Special One-Time Director Stock Award	  	4
		  	 2.14	  	Specified Employee	  	4
		  	 2.15	  	Stock Plan	  	4
		  	 2.16	  	Stock Units	  	4
		  	 2.17	  	Stock Unit Account	  	5
		
	ARTICLE III SHARES AVAILABLE UNDER THE PLAN	  	5
		
	ARTICLE IV ADMINISTRATION	  	5
				
		  	 4.1	  	Plan Administration	  	5
		  	 4.2	  	Administrative Duty	  	5
		  	 4.3	  	Committee Authority	  	5
		
	ARTICLE V ELIGIBILITY	  	5
				
		  	 5.1	  	Eligibility	  	5
		  	 5.2	  	Employment	  	5
		  	 5.3	  	Stock Ownership Limits	  	6
		
	ARTICLE VI DEFERRAL ELECTIONS IN LIEU OF CASH PAYMENT OR DIRECTOR STOCK AWARDS	  	6
				
		  	 6.1	  	General Rule	  	6

							
		  	6.2	  	Timing of Elections	  	6
		  	6.3	  	Form of Election	  	7
		  	6.4	  	Establishment of Stock Unit Account	  	7
		  	6.5	  	Credit of Dividend Equivalents	  	8
		
	ARTICLE VII DIRECTOR STOCK AWARDS	  	8
				
		  	7.1	  	Qualification and Amount	  	8
		  	7.2	  	Vesting	  	8
		  	7.3	  	Discretionary Awards.	  	8
		
	ARTICLE VIII SETTLEMENT OF STOCK UNITS	  	9
				
		  	8.1	  	Payment Options	  	9
		  	8.2	  	Payment Timing	  	9
		  	8.3	  	Continuation of Dividend Equivalents	  	9
		  	8.4	  	In Kind Dividends	  	9
		
	ARTICLE IX SPECIAL ONE-TIME DIRECTOR STOCK AWARDS	  	9
				
		  	9.1	  	Special One-Time Director Stock Awards	  	9
		  	9.2	  	Vesting	  	9
		  	9.3	  	Conversion and Payment of Special One-Time Director Stock Awards	  	10
		
	ARTICLE X UNFUNDED STATUS	  	10
		
	ARTICLE XI DESIGNATION OF BENEFICIARY	  	10
		
	ARTICLE XII ADJUSTMENT PROVISIONS	  	10
		
	ARTICLE XIII PLAN CONSTRUCTION	  	10
		
	ARTICLE XIV GENERAL PROVISIONS	  	11
				
		  	14.1	  	No Right to Continue as a Director	  	11
		  	14.2	  	No Stockholder Rights Conferred	  	11
		  	14.3	  	Change to the Plan	  	11
		  	14.4	  	Consideration	  	11
		  	14.5	  	Compliance with Laws and Obligations	  	11
		  	14.6	  	Limitations on Transferability	  	12
		  	14.7	  	Governing Law	  	12
		  	14.8	  	Plan Termination	  	12

  

 ii 

 ARTICLE I 
 PURPOSE AND EFFECTIVE DATE 
 1.1 Purpose. The Host Hotels & Resorts,
Inc. Non-Employee Directors’ Deferred Stock Compensation Plan (the “Plan”) is intended to advance the interests of Host Hotels & Resorts, Inc. and its stockholders by providing a means to attract and retain highly-qualified
persons to serve as non-employee Directors and to promote ownership by non-employee Directors of a greater proprietary interest in Host Hotels & Resorts, Inc., thereby aligning such Directors’ interests more closely with the interests
of stockholders of Host Hotels & Resorts, Inc. 
 1.2 Effective Date. This amendment and restatement of the Plan shall
become effective as of December 15, 2009. 
 ARTICLE II 
 DEFINITIONS 
 All capitalized terms used herein shall have the same
meaning as used in the Host Hotels & Resorts 2009 Comprehensive Stock and Cash Incentive Plan, as amended from time to time (the “Stock Plan”), unless otherwise specifically provided herein. 
 2.1 Committee. 
 “Committee” shall mean the Nominating and Corporate Governance Committee of the Board, or another committee or subcommittee of the Board, as appointed by the Board. 
 2.2 Deferral Date. 
 “Deferral Date” has the meaning set
forth in Section 6.4. 
 2.3 Deferral Election. 
 “Deferral Election” means the written election filed with the Committee in accordance with Section 6.2(a). 
 2.4 Director Stock Awards. 
 “Director Stock Awards” means
the Awards described in Article VII of this Plan. 
 2.5 Distribution Election. 
 “Distribution Election” means the written election filed with the Committee in accordance with Section 6.2(b). 
 2.6 Dividend Equivalents. 
 “Dividend Equivalents” means the dividend equivalents credited to a Participant’s Stock Unit Account in accordance with Section 6.5. 
  

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 2.7 Fees. 
 “Fees” means all or part of any retainer and/or fees payable to a non-employee Director in his or her capacity as a Director. 
 2.8 Participant. 
 “Participant” means a Director who is
not employed by the Company or its affiliates, unless otherwise determined by the Board. 
 2.9 Plan. 
 “Plan” has the meaning set forth in Section 1.1. 
 2.10 Secretary. 
 “Secretary” means the Corporate Secretary
or any Assistant Corporate Secretary of the Company. 
 2.11 Separation from Service. 
 “Separation from Service” means a “separation from service” within the meaning of Treas. Reg. §1.409A-1(h).

 2.12 Shares. 
 “Shares” means shares of the common stock of Company, par value $0.01 per share. 
 2.13 Special One-Time Director
Stock Award. 
 “Special One-Time Director Stock Awards” means the Awards described in Article IX of this Plan.

 2.14 Specified Employee. 
 “Specified Employee” means any Participant who is, or was at any time during the twelve-month period ending on the Company’s “specified employee identification date,” a
“specified employee” of the Company (each within the meaning of Section 409A). 
 2.15 Stock Plan. 
 “Stock Plan” has the meaning set forth in this Article II. 
 2.16 Stock Units. 
 “Stock Units” means the credits to a
Participant’s Stock Unit Account under Article VI, Article VII and Article VIII of this Plan, each of which represents the right to receive one Share upon settlement of the Stock Unit Account and, following December 31, 2009, shall be
deemed an Award issued pursuant to the Stock Plan. 
  

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 2.17 Stock Unit Account. 
 “Stock Unit Account” means the bookkeeping account established by the Company pursuant to Section 6.4. 
 ARTICLE III 
 SHARES AVAILABLE UNDER THE PLAN 
 All Shares distributed in settlement of Stock Unit Accounts shall be issued
from the Stock Plan, except with respect to Shares issued pursuant to Stock Units credited to such Stock Unit Accounts on or prior to December 31, 2009 and any Dividend Equivalents paid thereon, which Shares shall be distributed from the
500,000 Shares originally reserved under this Plan. The maximum number of Shares that may be distributed in settlement of Stock Units and Dividend Equivalents credited to Stock Unit Accounts under this Plan on or prior to December 31, 2009
shall not exceed 500,000. The maximum number of Shares that may be distributed in settlement of Stock Units and Dividend Equivalents credited to Stock Unit Accounts after December 31, 2009 shall not exceed the number of Shares available for
issuance under the Stock Plan from time to time. Notwithstanding anything contained in this Plan to the contrary, the Special One-Time Director Stock Awards granted to Willard W. Brittain and Gordon H. Smith, as described in Article IX, shall be
deemed Awards issued pursuant to the Stock Plan. 
 ARTICLE IV 
 ADMINISTRATION 
 4.1 Plan Administration. This Plan
shall be administered by the Committee. Notwithstanding the foregoing, no Director who is a Participant under this Plan shall participate in any determination relating solely or primarily to his or her own Shares, Stock Units or Stock Unit Account.

 4.2 Administrative Duty. It shall be the duty of the Committee to administer this Plan in accordance with its provisions and to
make such recommendations of amendments or otherwise as it deems necessary or appropriate. 
 4.3 Committee Authority. The
Committee shall have the authority to make all determinations it deems necessary or advisable for administering this Plan, subject to the limitations in Section 4.1 and other explicit provisions of this Plan and the Stock Plan. 
 ARTICLE V 
 ELIGIBILITY 
 5.1 Eligibility. Each Director who is not an employee of the Company or its affiliates shall be
eligible to defer Fees and Director Stock Awards under Article VI of this Plan and to receive Director Stock Awards under Article VII of this Plan. 
 5.2 Employment. If such Director subsequently becomes an employee of the Company (or any of its affiliates), but does not incur a Separation from Service, such Director shall (a) continue as a Participant with respect to
Fees and Director Stock Awards previously deferred and Director Stock Awards previously granted, and with respect to Fees and Director Stock Awards payable in the calendar year in which such Director becomes an employee of the

  

 5 

 
Company (or any of its affiliates), and (b) cease eligibility with respect to any further Fees and Director Stock Awards. 
 5.3 Stock Ownership Limits. Notwithstanding any other provision to the contrary, a Director shall not be eligible to participate in the Plan and shall cease to be a Participant, to the
extent such Director was a Participant immediately before the application of this Section 5.3 to such Director, if the participation of such Director would violate the ownership limits set forth in Article VIII of Host Hotels &
Resorts, Inc.’s Articles of Restatement of Articles of Incorporation. 
 ARTICLE VI 
 DEFERRAL ELECTIONS IN LIEU OF CASH PAYMENT OR DIRECTOR STOCK AWARDS 
 6.1 General Rule. Each Director may, in lieu of receipt of Fees or Director Stock Awards, defer his Fees and/or Director Stock Awards in accordance with this Article VI, provided that such
Director is eligible under Article V of this Plan to defer such Fees and Director Stock Awards at the date any such Fees and Director Stock Awards are otherwise payable, as applicable. 
 6.2 Timing of Elections. 
 (a) Deferral Elections. Each
eligible Director who wishes to defer Fees and/or Director Stock Awards under this Plan must make a written Deferral Election (except as provided in the last paragraph of this Section 6.2(a)) prior to the start of the calendar year for which
the Fees or Director Stock Awards, as applicable, would otherwise be earned, which Deferral Election shall be irrevocable as of the December 31 immediately preceding the calendar year in which the Fees or Director Stock Awards, as applicable,
are earned. Notwithstanding the foregoing, with respect to any Deferral Election made by a newly elected or appointed Director or Director who was not previously eligible to participate in the Plan and who does not participate in and has not for 24
months participated in any other nonqualified deferred compensation account balance plan that must be aggregated with the Plan pursuant to Code Section 409A (such director, a “Newly Eligible Participant”), the Deferral Election:

  

	 	(i)	must be filed not later than 30 days after the date of initial eligibility, 

  

	 	(ii)	shall be effective only with respect to compensation for services to be performed subsequent to the election, and 

  

	 	(iii)	shall be irrevocable once made, for all Fees and Director Stock Awards earned in that calendar year. 

 If a Newly Eligible Participant fails to make a Deferral Election within 30 days of initial eligibility to participate, then such Newly Eligible Participant
may make an initial Deferral Election (and Distribution Election, pursuant to Section 6.2(b) below) only with respect to Fees and Director Stock Awards earned in subsequent calendar years. 
  

 6 

 A Deferral Election by a Participant shall be deemed to be continuing and therefore applicable to Fees to be
paid and Director Stock Awards to be made in future years unless the Participant revokes or changes such election by filing a new Deferral Election form prior to the start of the calendar year for which the Fees or Director Stock Awards would
otherwise be earned or made, as applicable. Notwithstanding any provision of the Plan to the contrary, a Deferral Election shall be automatically cancelled on the Participant’s Separation from Service and shall be without effect thereafter.

 (b) Distribution Elections. Each Participant in the Plan as of December 31, 2008 has filed a Distribution
Election with respect to the form of which his Stock Unit Account shall be paid in accordance with Section 8.1, with respect to all amounts deferred on his behalf under the Plan whether before or after December 31, 2008, and such
Distribution Election shall have been filed no later than December 31, 2008 and shall have become irrevocable on December 31, 2008. Each Participant who becomes a Participant in the Plan after December 31, 2008 shall file a
Distribution Election at the same time and in the same manner as the Participant’s initial Deferral Election and, unless determined otherwise by the Committee, such Distribution Election shall apply to all amounts deferred on his behalf under
the Plan. A Participant may not change or modify his Distribution Election after it has become irrevocable. If no Distribution Election is filed pursuant to this Section 6.2, then Section 6.3 shall apply. Notwithstanding anything contained
in this Plan to the contrary, with respect to 2010 and subsequent calendar years, any Participant (other than a Newly Eligible Participant) who wishes to defer his or her Director Stock Awards granted pursuant to Section 7.1 under this Plan
must make a written Distribution Election (except as provided in the following sentence) prior to the start of the calendar year for which such Director Stock Awards would otherwise be earned, which Distribution Election shall be irrevocable as of
the December 31 immediately preceding the calendar year in which such Director Stock Awards are earned. Any such Distribution Election made pursuant to the immediately preceding sentence shall be deemed to be continuing and therefore applicable
to Director Stock Awards to be made in future years unless the Participant revokes or changes such election by filing a new Distribution Election form prior to the start of the calendar year for which the Director Stock Awards would otherwise be
earned. 
 6.3 Form of Election. A Deferral Election and Distribution Election shall be made by completing and filing the
specified election form with the Secretary of the Company within the applicable period described in Section 6.2. In the event Directors’ Fees or Director Stock Awards are increased or decreased during any calendar year, a
Participant’s election in effect for such year will apply to the specified percentage of the applicable Directors’ Fees or Director Stock Awards, as increased or decreased. 
 In any situation in which the Committee is unable to determine the method of payment because of incomplete, unclear, or uncertain instructions in a Participant’s Distribution Election form, or if no
such form is on file with respect to a Participant, then the Participant will be deemed to have elected a lump sum distribution. 
 6.4
Establishment of Stock Unit Account. The Company will establish a Stock Unit Account for each Participant. All Fees deferred pursuant to this Article VI and Director Stock Awards deferred pursuant to Article VII shall be credited to the
Participant’s Stock Unit Account as of the date the Fees or Director Stock Awards, as applicable, would otherwise have

  

 7 

 
been paid to the Participant (the “Deferral Date”) and, with respect to Fees only, converted to Stock Units as follows: The number of Stock Units shall equal the deferred Fees divided
by the Fair Market Value of a Share on the Deferral Date, with fractional units calculated to at least three (3) decimal places. The Director Stock Awards deferred pursuant to Article VII shall be converted to Stock Units in accordance with
Article VII. 
 6.5 Credit of Dividend Equivalents. As of each dividend payment date with respect to Shares, each Participant
shall have credited to his or her Stock Unit Account an additional number of Stock Units equal to (a) the per-share cash dividend payable with respect to a Share on such dividend payment date, (b) multiplied by the number of Stock Units
held in the Stock Unit Account as of the close of business on the record date for such dividend, (c) divided by the Fair Market Value of a Share on such dividend payment date. If dividends are paid on Shares in a form other than cash, then such
dividends shall be notionally converted to cash, if their value is readily determinable, and credited in a manner consistent with the foregoing formula and, if their value is not readily determinable, shall be credited “in kind” to the
Participant’s Stock Unit Account. 
 ARTICLE VII 
 DIRECTOR STOCK AWARDS 
 7.1 Qualification and Amount.
Participants will receive, effective immediately following the date of each annual meeting of Stockholders, an annual Director Stock Award equal to the number of Shares derived by dividing (a) $75,000, by (b) the Fair Market Value
of a Share on the date of the annual meeting, with fractional units calculated to at least three (3) decimal places. Notwithstanding any other provision, however, a Participant shall not be entitled to receive an annual Director Stock Award if
such award would violate the ownership limits set forth in Section 5.3. If a Participant has elected to receive his Director Stock Award in the form of Stock Units, at such time as provided in Article VI of the Plan for Director Stock Awards,
then the Participant shall not receive a direct issuance of Shares for the applicable year and instead his Stock Unit Account shall be credited with a number of Stock Units equal to the number of Shares that would have otherwise been issued pursuant
to the Director Stock Award. 
 7.2 Vesting. A Participant’s annual Director Stock Award will be fully vested and
nonforfeitable when granted. 
 7.3 Discretionary Awards. In its sole discretion, the Board or Committee may grant a non-annual
Director Stock Award to any Participant, which award shall be subject to any vesting requirements, as determined by the Board or Committee. The distribution of any such award (including any Shares that are issued pursuant to such award) will be made
in accordance with a Participant’s Distribution Election in accordance with Sections 8.1 and 8.2. If a Participant has not made such a Distribution Election, the distribution of any such award (including any Shares that are issued pursuant to
such award) to such Participant shall be made in a lump sum, unless otherwise determined by the Board or Committee on the date of grant. 
  

 8 

 ARTICLE VIII 
 SETTLEMENT OF STOCK UNITS 
 8.1 Payment Options. The
Participant’s Distribution Election submitted pursuant to Section 6.2(b) shall specify whether the Participant’s Stock Unit Account is to be settled by delivering to the Participant (or his or her beneficiary) the number of Shares
equal to the number of whole Stock Units then credited to the Participant’s Stock Unit Account, in (a) a lump sum, or (b) substantially equal annual installments over a period not to exceed ten (10) years. If, upon lump sum
distribution or final distribution of an installment, less than one whole Stock Unit is credited to a Participant’s Stock Unit Account, cash will be paid in lieu of fractional shares on the date of such distribution based on the Fair Market
Value of a Share on the date of payment. 
 8.2 Payment Timing. Shares payable pursuant to Section 8.1
shall be distributed in a lump sum or in up to ten (10) annual installments to the Participant commencing on the ninetieth (90th) day following the Participant’s Separation from Service, or in the case of Director Stock Awards earned
in 2010 and subsequent calendar years, commencing on the ninetieth (90th) day following the date that is the earlier of (i) the Participant’s Separation from Service and (ii) the third or fifth anniversary from the date of grant, in all cases, in
accordance with the Participant’s Distribution Election(s). If a Participant has elected distribution of his Stock Unit Account in installments, each subsequent installment distribution shall be made on the January 15 of each subsequent
calendar year. Notwithstanding anything in this Plan, the Stock Plan or any Distribution Election to the contrary, with respect to any Participant who is a Specified Employee at the time of such Participant’s Separation from Service, as
determined in the sole discretion of the Committee, the distribution of such Shares shall, to the extent that such distribution upon a Separation from Service would be a prohibited distribution under Section 409A(a)(2)(b)(i) of the Code, be
delayed until the date which is six months and one day after the date on which such Separation from Service occurs. 
 8.3 Continuation of
Dividend Equivalents. If payment of Stock Units is deferred and paid in installments, the Participant’s Stock Unit Account shall continue to be credited with dividend equivalents as provided in Section 6.5. 
 8.4 In Kind Dividends. If any “in kind” dividends were credited to the Participant’s Stock Unit Account under Section 6.5,
such dividends shall be payable to the Participant in full on the date of the first distribution of Shares under Section 8.1. 
 ARTICLE IX 
 SPECIAL ONE-TIME DIRECTOR STOCK AWARDS 
 9.1 Special One-Time Director Stock Awards. Certain Directors received a Special One-Time Director Stock Award as follows: 
  

			
	 Name of Director
	  	Special One-Time
Director Stock Award
		
	 Robert M. Baylis
	  	7,000 Shares
	 Ann Dore McLaughlin
	  	7,000 Shares
	 Willard W. Brittain
	  	5,504.7425 Shares
	 Gordon H. Smith
	  	5,504.7425 Shares

 9.2 Vesting. All Special
One-Time Director Stock Awards are fully vested. 
  

 9 

 9.3 Conversion and Payment of Special One-Time Director Stock Awards. The Special One-Time
Director Stock Awards were converted into Stock Units and will convert into Shares upon an eligible Participant’s Separation from Service. The Company will distribute such Shares pursuant to the Participant’s Distribution Election in
accordance with Sections 8.1 and 8.2, except that Willard W. Brittain and Gordon H. Smith will receive their Shares in a lump sum. 
 ARTICLE X 
 UNFUNDED STATUS 
 The interest of each Participant in any Fees deferred under this Plan (and any Stock Units or Stock Unit Account relating thereto) or in any Director Stock Award or in any Special One-Time Director Stock
Award shall be that of a general creditor of the Company. Stock Unit Accounts and Stock Units (and, if any, “in kind” dividends) credited thereto, Director Stock Awards and Special One-Time Director Stock Awards shall at all times be
maintained by the Company as bookkeeping entries evidencing unfunded and unsecured general obligations of the Company. 
 ARTICLE XI 
 DESIGNATION OF BENEFICIARY 
 Each Participant may designate, on a form provided by the Committee, one or more beneficiaries to receive the benefits credited to the
Participant’s Stock Unit Account in the event of such Participant’s death. The Company may rely upon the beneficiary designation last filed with the Committee, provided that such form was executed by the Participant or his or her legal
representative and filed with the Committee prior to the Participant’s death. 
 ARTICLE XII 
 ADJUSTMENT PROVISIONS 
 In the event any recapitalization, reorganization, merger, consolidation, spin-off, combination, repurchase, exchange of shares or other securities of the Company, stock split or reverse split, or similar
corporate transaction or event affects Shares such that an adjustment is determined by the Board or Committee to be appropriate to prevent dilution or enlargement of Participants’ rights under this Plan, then the Board or Committee will make an
adjustment, if any, determined in its sole discretion to be appropriate or necessary, in the number or kind of Shares to be delivered upon settlement of Stock Unit Accounts, Director Stock Awards or Special One-Time Director Stock Awards under
Articles VII, VIII or IX. 
 ARTICLE XIII 
 PLAN CONSTRUCTION 
 It is the intent of the Company that this Plan comply
in all respects with applicable provisions of Rule l6b-3 under the Exchange Act in the connection with the deferral of Fees and/or Director Stock Awards so that Participants will be entitled to the benefits of Rule 16b-3 or other exemptive rules
under Section 16 of the Exchange Act and will not be subjected to avoidable liability thereunder. Any contrary interpretation of the Plan shall be avoided. 
  

 10 

 ARTICLE XIV 
 GENERAL PROVISIONS 
 14.1 No Right to Continue as a
Director. Nothing contained in this Plan will confer upon any Participant any right to continue to serve as a Director. 
 14.2 No
Stockholder Rights Conferred. Except for dividend equivalents under Section 6.5, nothing contained in this Plan will confer upon any Participant any rights of a stockholder of the Company unless and until Shares are in fact converted,
issued or transferred to such Participant in accordance with Articles VII, VIII or IX. 
 14.3 Change to the Plan. The Board may
amend, alter, suspend, discontinue or terminate the Plan without the consent of stockholders or Participants, except that any such action will be subject to the approval of the Company’s stockholders at the next annual meeting of stockholders
having a record date after the date such action was taken if such stockholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Shares may then be listed or
quoted or if the Board determines in its discretion to seek such stockholder approval. 
 To the extent applicable, this amended and restated
Plan shall be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Company determines that any compensation or benefits payable under this Plan do not
comply with Code Section 409A and related Department of Treasury guidance, the Company shall amend the Plan or take such other actions as the Company deems necessary or appropriate to comply with the requirements of Code Section 409A while
preserving the economic agreement of the parties. Any other provision of the Plan to the contrary notwithstanding, in the event that the Internal Revenue Service prevails in its claims that amounts contributed to the Plan, and/or earnings thereon,
constitute taxable income to the Participant or his designated beneficiary for any taxable year of his, prior to the taxable year in which such contributions and/or earnings are distributed to the Participant or beneficiary, or in the event that
legal counsel satisfactory to the Company, the trustee and the applicable Participant or beneficiary renders an opinion that the Internal Revenue Service would likely prevail in such a claim, the amount subject to such income tax shall be
immediately distributed to the Participant or beneficiary. 
 Any such amendment, modification, cancellation, or termination of the Plan may
adversely affect the rights of a Participant without the Participant’s consent. 
 14.4 Consideration. The consideration for
Shares issued or delivered in lieu of payment of Fees will be the Director’s service during the period to which the Fees paid in the form of Shares related. 
 14.5 Compliance with Laws and Obligations. The Company will not be obligated to issue or deliver Shares in connection with this Plan in a transaction subject to the registration requirements
of the Securities Act, or any other federal or state securities or tax law, any requirement under any listing agreement between the Company and any national securities exchange or automated quotation system or any other laws, regulations, the
Company’s Articles

  

 11 

 
of Amendment and Restatement of Articles of Incorporation, or contractual obligations of the Company, until the Company is satisfied that such laws, regulations and other obligations of the
Company have been complied with in full. Certificates representing Shares delivered under the Plan will be subject to such stop-transfer orders and other restrictions as may be applicable under such laws, regulations and other obligations of the
Company, including any requirement that a legend or legends be placed thereon. 
 14.6 Limitations on Transferability. Stock
Units, Director Stock Awards, Special One-Time Director Stock Awards and any other right under the Plan that may constitute a “derivative security” as generally defined in Rule 16a-l(c) under the Exchange Act will not be transferable by a
Participant except by will or the laws of descent and distribution (or to a designated beneficiary in the event of a Participant’s death); provided, however, that such rights may be transferred to one or more trusts or other beneficiaries
during the lifetime of the Participant in connection with the Participant’s estate planning, but only if and to the extent then permitted under Rule 16b-3 and consistent with the terms of this Plan (including, but not limited to, the
requirements of Section 5.3), the registration of the offer and sale of Shares on Form S-8 or a successor registration form of the Securities and Exchange Commission. Stock Units, Director Stock Awards, Special One-Time Director Stock Awards
and other rights under the Plan may not be pledged, mortgaged, hypothecated or otherwise encumbered, and shall not be subject to the claims of creditors. 
 14.7 Governing Law. The validity, construction and effect of the Plan and any agreement hereunder will be determined in accordance with the laws of the State of Maryland, including without
limitation, the Maryland General Corporation Law, without regard to choice of law or conflict of law rules. 
 14.8 Plan
Termination. Unless earlier terminated by action of the Board or Executive Committee of the Board, the Plan will remain in effect until such time as the Company has no further rights or obligations under the Plan. 
  

 12 

 CERTIFICATE OF SECRETARY 
  
 I, the undersigned Secretary
of Host Hotels & Resorts, Inc. (the “Company”), do hereby certify that the attached copy of the Host Hotels & Resorts, Inc. Non-Employee Directors’ Deferred Stock Compensation Plan as amended and restated
effective as of December 15, 2009 (the “Plan”) is a true and correct copy of the Plan and that there have been no amendments or modifications to the Plan that are not reflected in this copy. 
 IN WITNESS WHEREOF, I have hereunto set my hand and seal of the Company as of the 15th day of December, 2009. 
  

					
	[SEAL]	 		 	 /s/ Elizabeth A. Abdoo

  

 13

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