Document:

FLUIDESIGN
                   WEB SITE DEVELOPMEN AND SERVICES AGREEMENT

         THIS WEB SITE  DEVELOPMENT  AND  SERVICES  AGREEMENT  (hereinafter  the
"Agreement"),  made and  entered  into  this 30th day of  November,  2000 by and
between iGoHealthy.com,  Inc. (hereinafter "Client") a Colorado Corporation, and
Fluidesign (hereinafter "Fluidesign") a sole proprietorship.

                                    RECITALS

         WHEREAS,  Client and Fluidesign,  have agreed on a proposal,  a copy of
which will be  attached  hereto as Exhibit A, for the design,  construction  and
maintenance of a world wide web site for Client (hereinafter the "Client Site");

         WHEREAS,  the parties now desire to formalize  the proposal by entering
into this Agreement for the design, construction,  and maintenance of the Client
Site;

         NOW  THEREFORE,   in  consideration  of  the  mutual   representations,
warranties,  covenants and agreements of the parties  hereinafter set forth, the
parties hereto, intending to be legally bound, do hereby agree as follows:

                              TERMS AND CONDITIONS

          1.   RECITALS TRUE AND ACCURATE. The recitals are true and accurate in
               all material respects as of the date hereof.

          2.  DEFINITIONS.
             ------------

          2.1 Client  Content.  The term "Client  Content" shall mean the Client
     Materials modified by Fluidesign for use on the Client Site.

          2.2 Client  Marks.  The term Client  Marks shall mean the  trademarks,
     trade  names,  service  marks,  or logos owned,  controlled  or licensed by
     Client.

          2.3 Client  Materials.  The term "Client  Materials"  shall mean text,
     statistics,  graphics,  artwork,  photographs,  and  other  such  materials
     supplied by Client.  Client Materials shall include Exclusive Materials (as
     hereinafter  defined),  including  the  conversion of materials to a format
     ready for display on the Client Site.

          2.4 Error.  The term "Error" shall mean any failure of the Client Site
     to  operate  in  accordance  with  its  specifications  or  the  terms  and
     conditions of this Agreement.

          2.5  Exclusive  Materials.  The Term  Exclusive  Materials  shall mean
     materials made by Fluidesign  for the exclusive use of the Client,  whether
     using  Client  Materials or made solely by  Fluidesign,  or modified by the
     Fluidesign for the Client.

          2.6 Launch Date.  The term "Launch  Date" shall mean the date on which
     the Client Site,  operating in a live  environment  on the Host Server,  is
     operational and publicly available to users of the World Wide Web.

          2.7  Services.  The term  "Services"  shall  mean the  services  to be
     provided by Fluidesign to Client hereunder.

     3.  SERVICES.  Throughout  the Term (as defined  below),  Fluidesign  shall
perform and provide the Services outlined in this Article 3, and in Exhibit "A,"
and as otherwise  subsequently  agreed to in writing  between the  parties.  All
Services  shall  be  performed  in  a  competent  and  professional   manner  by
knowledgeable,  trained and  qualified  personnel,  and all software used in the
Client Site shall be based upon open standard technologies.  Fluidesign shall be
the exclusive provider of web design and hosting services to Client.

                                       99
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          3.1  Site  Design,  Construction  and  Maintenance.  Fluidesign  shall
     design,  construct,  maintain  and host the  Client  Site on a Host  Server
     designated by Fluidesign from Client Materials.

          3.2 Site Maintenance and Operation.  Fluidesign will operate, maintain
     and  support the Client Site on the terms and  conditions  provided  for in
     this agreement.

          3.3  Technical  Support.   At  reasonable  times,  and  as  reasonably
     requested  by  Client,  Fluidesign  shall  render the  following  technical
     support by telephone  and e-mail,  at no extra charge to Client.  If Client
     notifies  Fluidesign  during  Fluidesign's  normal hours,  Fluidesign shall
     promptly  respond to Client.  Upon discovery or notice of an Error,  as the
     case  may  be,  Fluidesign  shall  make  reasonable  efforts  to  supply  a
     work-around or correction of any Error as soon as practicable. In the event
     that the Error  significantly  interferes  with the operation of the Client
     Site,   Fluidesign   shall  endeavor  to  resolve  such  Error  within  the
     twenty-four (24) hour period immediately  following of actual notification;
     provided,   however,  that  Client  acknowledges  and  agrees  that  should
     notification  of an Error be delivered to Fluidesign on a weekend,  holiday
     or  after  normal  business  hours,  that  any  such  correction  shall  be
     undertaken   by   Fluidesign   as   soon   as   commercially   practicable.
     Notwithstanding  any provision contained in this Agreement to the contrary,
     Client acknowledges and agrees that if any Error should occur due to forces
     or  circumstances   outside  of  the  reasonable   control  of  Fluidesign,
     Fluidesign shall not be held accountable  hereunder for failing to take any
     measure that may be otherwise required herein.

          3.4 Backup  Archives.  At no extra charge to Client,  Fluidesign shall
     maintain backup of the Client Site.

         4.  Proprietary Rights.
             -------------------

          4.1 Intellectual  Property  Rights.  Client Materials shall remain the
     copyright  property  of  Client..  Exclusive  Materials  shall be made as a
     contribution to a compilation  and/or an audiovisual  work and is done as a
     "work made for hire" as that term is defined under U.S.  copyright  law. To
     the extent that the  Exclusive  Materials do not qualify as a work made for
     hire under  applicable law, and to the extent that the Exclusive  Materials
     include  material  subject to copyright,  patent,  trade  secret,  or other
     proprietary  rights  protection,  Fluidesign hereby assigns to Client,  its
     successors  and  assigns,  all  right,  title  and  interest  in and to the
     Exclusive Materials, including all copyrights,  patents, trade secrets, and
     other proprietary rights therein (including renewals thereof).

          4.2 Grant of  License by Client.  As  between  Client and  Fluidesign,
     Client  shall  own all  right,  title  and  interest  in and to the  Client
     Content.    Client   hereby   grants   to   Fluidesign   a   non-exclusive,
     non-transferable,  limited license coterminous with this Agreement,  to use
     the Client Content under the terms and conditions of this Agreement  solely
     in connection with the establishment of the Client Site.

          4.3  Right of  Artistic  and  Editorial  Control.  Client  shall  have
     exclusive  editorial control over the Client Site.  Fluidesign shall assume
     primary  artistic  control over the Client Site;  provided,  however,  that
     Client shall have final artistic approval,  which shall not be unreasonably
     withheld.

          4.4 Copyright Notice.  Fluidesign shall cause the following  copyright
     notice (or any other  notices as  instructed  by Client) to be displayed on
     the first  page of the  Client  Site on which  Client  Content  is  viewed:
     "Copyright  2000  IGoHealthy.com,  Inc..  All rights  reserved."  "Portions
     Copyright 2000 Fluidesign. All rights reserved."

          4.5  Trademark  Usage.  Fluidesign  shall  submit to Client  for prior
     written  approval all proposed uses of the Client Marks,  and shall not use
     the Client Marks without such approval. Client reserves the right to review
     any approved use of the Client Marks and to require changes in such further
     use, and Fluidesign agrees to comply with any such requirements.

          4.6 Rights  Clearance.  Client  shall  assume sole  responsibility  at
     Client's sole cost and expense, for obtaining any and all rights, releases,
     licenses,  clearances or other permissions  necessary to lawfully place any
     Client  Materials  on the Client  Site.  Except with  respect to the Client
     Materials,  Fluidesign shall have the full and complete  responsibility  to
     obtain any  rights,  licenses,  clearances,  releases  or other  permission
     necessary  for Client to utilize  the Client Site as  contemplated  by this
     Agreement and to pay any fees or costs  associated  therewith.  All rights,
     licenses,  clearances,  releases,  or other permissions  obtained hereunder
     shall be on a perpetual, irrevocable, royalty-free, transferable basis.
                                      100
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          5. SERVICE FEES.
             -------------

          5.1 Initial  Creation.  Fluidesign will produce for Client a Web Page,
     as  described  in proposal and  particularly  the invoice  breakdown of the
     proposal, for the total price of $36,753.00, of which $18,376.50 is due and
     payable upon the execution of this Agreement.  The balance of $18,376.50 is
     due upon Launch.

               5.1.1 Project Scope Change. Fluidesign, at its discretion, may at
          any time during the Initial  Creation  phase,  and after notifying the
          Client,  issue a "change  order" should the Client change the scope of
          the  project  significantly  or add  additional  work to the  original
          project. Two copies of the change order will be provided to the Client
          by  Fluidesign.  Client must sign both and return the change  order to
          Fluidesign within 7 business days of its receipt. If Client refuses to
          sign such an order,  all work on the  Initial  Creation of the project
          will cease until Client  agrees to do so, unless  previously  arranged
          with Fluidesign.

          5.2 During Term of Agreement.

               5.2.1  Revisions  to Web Site.  Changes in the Web Site after the
          Launch Date will be  accomplished by Fluidesign at the rates set forth
          in the Web Site  pricing  portion of the  PROPOSAL.  Invoices for such
          work shall be rendered upon  completion and shall be delinquent if not
          paid within  fourteen  (14) days.  Fluidesign  may change such pricing
          upon thirty (30) days' written notice to Client.

               5.2.2 Hosting of the Web Site. During the term of this Agreement,
          Client  will  pay  Fluidesign  or  the  host  provider  designated  by
          Fluidesign  a fee of $99.00 per month for hosting of the Client  Site.
          Such fees will be paid to  Fluidesign or the host provider in advance,
          on or before the 10th day of each billing month. Fluidesign may change
          such fee on thirty (30) days' written notice to Client.

          6. TERM. This Agreement shall continue as to maintenance  services and
     Web Site hosting  until  terminated  by either  Client or  Fluidesign  upon
     ninety (90) days'  written  notice to the other,  except that if Fluidesign
     notifies Client of a change in pricing, Client may terminate this Agreement
     on not less than fifteen (15) days' written  notice  effective the date the
     pricing changes otherwise would take effect.

          7. CONFIDENTIAL INFORMATION. Client and Fluidesign acknowledge that in
     the course of  dealings  between  the  parties,  each  party  will  acquire
     information about the other party, its business  activities and operations,
     its technical  information and trade secrets,  of a highly confidential and
     proprietary  nature.  All such  confidential  information  will be  clearly
     labeled  or  otherwise  identified  as such by the  party  delivering  such
     confidential  information.  Each  party  covenants  to the other  that each
     agrees not to use such confidential  information for any purpose except the
     performance of this  Agreement,  and not to disclose any such  confidential
     information to any person unless such disclosure is authorized by the other
     party in writing.  Fluidesign  will use and maintain  appropriate  security
     measures  to  honor  all of  its  obligations  under  this  Agreement.  The
     foregoing obligation of confidentiality will not apply to information that:
     (i) is or becomes  generally known or available by publication,  commercial
     use,  access to the Client Site,  or  otherwise  through no fault of either
     party;  (ii) is known by either  party and is not  subject to  restriction;
     (iii) is  lawfully  obtained  from a third  party who has the right to make
     such disclosure without restriction; or (iv) is released for publication by
     either party in writing.

          8.       WARRANTIES, REPRESENTATIONS, AND COVENANTS.
                   -------------------------------------------

          8.1 By Fluidesign. Fluidesign represents, warrants and covenants that:
     (i) all of the  Services,  whether  performed by  Fluidesign  or any of its
     subcontractors, will be rendered using sound, professional practices and in
     a competent and professional manner by knowledgeable, trained and qualified
     personnel;  (ii) the  Client  Site will be  designed  and will  operate  in
     conformance with the terms and conditions of this Agreement..
                                      101
<PAGE>

          8.2 By Client. Client represents,  warrants and covenants that: to the
     best of Client's  knowledge none of the Client  Materials will infringe now
     or hereafter  during the Term upon any  copyright,  patent,  trade  secret,
     contractual or any other third-party right.

          9.  MISCELLANEOUS PROVISIONS..
              -------------------------

          9.1 No Agency, Employee,  Partnership or Joint Venture.  Fluidesign is
     acting solely as an  independent  contractor  and not as an agent,  partner
     joint  venturer,  or employee  of Client.  No party shall act in any manner
     contrary to the terms of this paragraph and no party shall become liable by
     any representation, act or omission of the other contrary to the provisions
     hereof.

          9.2 Required  Approvals.  Where agreement,  approval,  acceptance,  or
     consent by either  party is required by any  provision  of this  Agreement,
     such action shall not be unreasonably delayed or withheld.

          9.3 Partial Invalidity. If any term, provision,  covenant or condition
     of  this  Agreement  is held by a court  of  competent  jurisdiction  to be
     invalid,  void, or  unenforceable,  the remainder of the  provisions  shall
     remain in full force and effect and shall in no way be  affected,  impaired
     or invalidated.

          9.4 No Waiver.  A waiver by either of the parties hereto of any of the
     covenants, conditions, or agreements to be performed by the other shall not
     be  construed  to be a waiver of any  succeeding  breach  thereof or of any
     covenant, condition, or agreement herein contained.

          9.5 No  Assignment.  This  Agreement  shall not be  assigned by either
     party without the prior written consent of the other party.

          9.6 Governing Law. This  Agreement  shall be governed by and construed
     in accordance  with the laws of the State of California  without  regard to
     principles of conflict of laws.

          9.7 Entire Agreement.  This Agreement and the exhibits annexed hereto,
     constitute  the entire  agreement  between the parties  and  supersede  all
     discussions and agreements between the parties prior to the date hereof. No
     change,  waiver, or discharge hereof shall be valid unless it is in writing
     and is executed by the party against whom such change, waiver, or discharge
     is sought to be enforced.

          9.8 Notices.  Any notice to be given  hereunder by either party to the
     other must be effected by certified or registered  mail,  postage  prepaid,
     return  receipt  requested,  or by first class mail postage  prepaid and by
     telefax, in either case addressed as follows:

                  If to Client:
                           iGoHealthy.com, Inc.
                           11693 San Vicente Blvd. #310
                           Los Angeles, CA 90049
                           (253) 660-3085

                  If to Fluidesign:
                           Fluidesign
                           1223 Broadway St. Suite 108
                           Santa Monica, CA 90404
                           (310) 858-3700.  e-mail: info@fluidesign.com
                                                    -------------------

Each party may change its address by written  notice  given in  accordance  with
this paragraph.

          9.9  Attorneys'  Fees. If any legal action or arbitration is necessary
     to enforce or interpret the terms of this Agreement,  the prevailing  party
     shall be entitled to  reasonable  attorneys'  fees in addition to any other
     relief  to which  that  party  may be  entitled.  This  provision  shall be
     construed as applicable to the entire Agreement.

                                      102
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          Executed  at Los  Angeles,  California  as of  the  date  first  above
     written.

CLIENT                                         FLUIDESIGN
iGoHealthy.com, Inc.                           Fluidesign, a sole proprietorship

By:   /s/ Farid E. Tannous                By:  /s/ Michael Schneider
   ------------------------------------      ------------------------------
   Farid E. Tannous                          Michael Schneider

                                      103
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                                    Exhibit A

                               - Website Outline -
The goal for  iGoHealthy.com  is to create an  easy-to-use  site that will allow
users to quickly link to any of a number of affiliated health-related web sites.
The site will be designed  with an emphasis on graphics  rather than text,  thus
creating visual cues for the user and allowing them to quickly and  effortlessly
access the  products and  information  they are looking for. The goal of the web
site is to create an online shopping mall.

The HealthyBucks reward system will be implemented,  giving members an incentive
to keep returning to the site.

In  addition,  the site  will  feature  resources  such as a  message  board and
articles to supplement the shopping experience. These features complete the site
as a "one-stop" super-mall, where users can obtain any health-related product or
information.

                                - Phase Program -
All of  these  features  will  be  implemented  in  Phases,  subject  to  budget
limitations.  The affiliate network and HealthyBucks  system will be implemented
in Phase I. As many of the  additional  features as possible will be implemented
under  Phase I, and the rest will be  implemented  in Phase II, as  iGoHealthy's
budget allows. IGoHealthy will be able to decide, based upon the price quotes it
receives,  which of the  features  it chooses to  implement  in each  respective
Phase.

On the following page is the proposed site map for iGoHealthy:

                                    Site Map

                              [Diagram of Site Map]

                                 Website Detail

                               - Site Interface -
The interface will focus on a clean,  non-intrusive  design that allows users to
feel comfortable and "at home" in the site environment. Usability and navigation
will be key areas of the  design,  with an emphasis  on  simplicity.  Images and
graphics will be used rather than a lot of text,  allowing users to quickly scan
the site to find the  information  they are seeking.  The interface will also be
flexible,  allowing  for growth of the site and the  addition of more  affiliate
sites in the future.

                                - Mall Entrance -
This section will welcome  users to iGoHealthy  and introduce  them to the site.
Users will be able to browse different sections of the site or go immediately to
the section they are looking for.

                              - About iGoHealthy -
Provides  information about the site and company.  This section may also include
legal disclaimers and contact information.

                               - Member Sign-Up -
This section will explain the HealthyBucks  system and allow interested users to
sign-up.  Users will provide pertinent information such as email address,  name,
etc. for use in the site's  database.  After signing up,  members will receive a
login and password so that they can logon to the site as registered  users.  The
HealthyBucks  system  will  then  track  their  activity  and  reward  them with
HealthyBucks.

                                 - Promotions -
iGoHealthy  will  announce a list of promotions  and special deals  available to
users  on the  affiliate  sites.  Some  kind of  headline  will  be on the  Mall
Entrance,  drawing users into the main  Promotions  page.  Within the page, they
will find the rest of that  day/week's  promotions.  A search feature will allow
users to find the best prices for a specific  product.  These promotions and the
search function will only encompass affiliate sites.
                                      104
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                             - Healthy Merchandise -
Users  with  HealthyBucks  to redeem  can go to this page where they will find a
list of items to purchase  with their  HealthyBucks.  Users will also be able to
select cash as their prize,  or make a charitable  donation to a listed charity.
In the future,  iGoHealthy  will also feature its own products,  which users can
purchase. A shopping cart function will be added to this section.

                                 Website Detail

                               - Resource Center -
The  Resource  Center  will  act as a  supplement  to  the  shopping  aspect  of
iGoHealthy.  Users will be able to find information and answers concerning their
health-related  questions.  Included  in the  Resource  Center will be a Message
Board and Chat Room,  allowing users to communicate with each other and exchange
information  and  experience.  This will help build an online  health  community
based at iGoHealthy, providing both a service to users and repeat traffic to the
site. There will be a section for articles  written by health experts.  Featured
articles  will change  periodically,  while older  articles will be archived for
reference.  An encyclopedia  will be at the disposal of users,  allowing them to
look up information on specific  topics.  Finally,  there will be a directory of
services where users will be able to look for specific  health services in their
areas.  This will work  through a search  engine  that will be able to search by
area/zip code, service requested, etc.

                                 - Member Page -
This  section  will be limited for  registered  members,  and will allow them to
"customize"  iGoHealthy according to their preferences.  It will include several
features aimed at increasing ease-of-use and adding to their iGoHealthy shopping
experience.   The  main  component  of  each  member's  section  will  be  their
HealthyBucks account,  which keeps track of their buying activity and the number
of HealthyBucks they have accumulated. The Shopping List will allow them to view
past  purchases and  immediately  go back to that same location on the affiliate
site to make a repeat  purchase.  The  Shortcuts  feature will allow  members to
create their own list of favorite sites that they can quickly link to. My Wallet
will remember a member's  credit card number and billing  information,  allowing
them to make purchases on a site without filling out the lengthy forms.  Members
will be provided with featured  articles on topics they choose.  These  articles
will change periodically,  providing up-to-date  information on pertinent health
topics. A final member feature will be the email newsletter. While not a feature
of the site,  it will be a service  provided to members to keep them  abreast of
the latest promotions and news featured on iGoHealthy.

               - Beauty & Vision, Drugstore, Sports Nutrition, Health & Fitness,
Vitamins & Herbs - These pages will contain a list of links to Affiliate sites.

                               Programming Detail

                         - 2-Part User Tracking System -
- Track which affiliate sites the user links to from Igohealthy.com. System will
capture  the  information  on where the user is going to before it sends them to
the site they chose. - Track what a user buys on a given affiliate  site,  which
then awards credits based on the dollar amount of the purchase.

This  portion  of the  project  will  require  a script to be  written  in three
different  languages (Cold Fusion,  ASP and CGI/PERL) so that we have a solution
for any affiliate site. The script will need to be placed in the affiliate site'
s shopping cart system and will insert  information  on what the user  purchased
into our database as well as in the affiliate's database.

                               - Database System -
- Keeps track of where users go, what they buy,  where  they're  from,  how many
credits they have,  etc. - this part is the structuring of the database to track
this data.

                        - User Login/My Account System -
- Will allow users to login using a username and password to view their  Healthy
Bucks totals and to redeem them for  designated  rewards.  This will include the
signup  application  for the  users  to join  iGoHealthy.  - Allow  users to see
listing of purchases they have made.
- Allow user to modify their account information (address, email, etc)
                                      105
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                             - Site Administration -
- Allow  igohealthy  staff to modify  content of all major areas of the site.  -
Add/Modify/Remove  Healthy Bucks rewards - Administration of the member database
and ability to send email announcements to the members.

- Chat Room - - A  Javascript  chat room that users  could use  directly  on the
site. - Would involve different rooms/Sections.
- Each room would need to support a few hundred people

-                                              Newsletter E-mailing System -

-        - Sends periodic newsletters to members

                               Programming Detail

-                                                  Shopping Cart System -

- Allow  users  to buy  products  on the  site - Use  both  traditional  payment
(Credit) or HealthyBucks

-                                          "Shopping List" On the Member's Page-

- Remembers past purchases, so they can look at a past purchase and link back to
that item on the affiliate site.

-                                              "Short Cuts" On Member page -
- Allows member to set up their own list of favorite affiliates

                                      NOTES

- Project has an estimated  completion  time of eight weeks.  This  estimate and
guarantee will take effect upon signing a contract with Fluidesign.

- All  estimations  are based on the assumption that the client will provide all
necessary  material to Fluidesign  in a timely  manner.  Fluidesign  will not be
responsible if production is delayed due to delays in receiving content.

- All text estimations are based on the Client  providing  content to Fluidesign
in a web-ready format (i.e. a Microsoft Word document,  HTML, etc.).  Additional
charges will be assessed should typesetting services be needed.

- All text  estimations  are  also  based on the  Client  creating  all web site
material.  No  copywriting  fees are included  with these  estimates;  this is a
service offered but not included in this proposal.

- Client  agrees to  accept a "change  order"  should  the scope of the  project
change  greatly.  Client  agrees  that  production  of the project may be slowed
and/or  stopped by  Fluidesign  should  Client refuse to sign such an order upon
changing the project scope.

- Throughout  the project  Fluidesign  will contact client for approval of work.
Should the client delay responding to Fluidesign for more than 10 business days,
a charge of $150 per  business  day will be assessed  until the client  contacts
Fluidesign.
                                      106
<PAGE>

- The client agrees to $99/month to HOST the web site.  Hosting is necessary for
a web site, and is independent of this proposal.

- Payment  schedule  is as  follows:  The Client  agrees to  deposit  50% of the
estimate, with the remaining 50% due upon completion of the project.

- Should client elect to accept Fluidesign's recommended maintenance package, it
will allow Fluidesign to  automatically  update the web site content without any
additional charge.

- Work is  anticipated  to commence  with 60 days of November 30, 2000.  At this
time  payment  will be received as  indicated  above.  No work will begin on the
project without a 50% deposit.

- Project is guaranteed to be completed by March 31, 2001, provided that project
commences no later than January 31, 2001.
                                      107EXECUTION COPY

                      VOTING AND RECAPITALIZATION AGREEMENT

                  This  VOTING  AND  RECAPITALIZATION  AGREEMENT,  dated  as  of
December 8, 2000 (this  "Agreement"),  is made and entered  into among  MeriStar
Hotels & Resorts,  Inc., a Delaware  corporation  ("MeriStar"),  American Skiing
Company,  a Delaware  corporation  ("ASC"),  Oak Hill Capital Partners,  L.P., a
Delaware limited  partnership  ("OCP"),  Oak Hill Capital  Management  Partners,
L.P., a Delaware limited partnership ("OCMP"), Oak Hill Securities Fund, L.P., a
Delaware  limited  partnership  ("OSF"),  Oak Hill  Securities  Fund II, L.P., a
Delaware  limited  partnership  ("OSF2"),  OHCP Ski,  L.P.,  a Delaware  limited
partnership  ("OSLP"),  Madeleine  LLC,  a New York  limited  liability  company
("Madeleine"),  Leslie B. Otten  ("Otten")  and the  Albert  Otten  Trust  f/b/o
Mildred  Otten,  a trust  organized  under the laws of New Jersey (the "Trust").
OCP, OCMP, OSF, OSF2, OSLP,  Madeleine,  the Otten and the Trust are referred to
collectively as the "Stockholders" and each as a "Stockholder".

                                    RECITALS:

                  A. ASC, ASC Merger Sub, Inc., a Delaware  corporation ("Merger
Sub"), and MeriStar are, simultaneously with the execution hereof, entering into
an  Agreement  and Plan of  Merger,  dated as of the date  hereof  (the  "Merger
Agreement"), pursuant to which Merger Sub will merge with and into MeriStar (the
"Merger")  on the terms and  subject to the  conditions  set forth in the Merger
Agreement and, as a result,  MeriStar will become a  wholly-owned  subsidiary of
ASC. Except as otherwise  defined herein,  capitalized terms used herein without
definition  have  the  respective  meanings  ascribed  to  them  in  the  Merger
Agreement.

                  B. Under the Merger Agreement,  it is a condition precedent to
the  obligation  of  MeriStar  to  complete  the Merger  that ASC  complete  the
recapitalization (the "Recapitalization") in which (i) the Class A common stock,
par value  $0.01 per share  (the  "Class A Common  Stock"),  of ASC and the 8.5%
Series B Convertible Participating Preferred Stock, liquidation value $1,000 per
share (the "Series B Preferred  Stock"),  of ASC shall have been  converted into
common  stock,  par value $0.01 per share (the  "Common  Stock"),  of ASC, at or
prior to the Effective  Time; (ii) the 10.5% Repriced  Convertible  Exchangeable
Preferred  Stock,  liquidation  value  $1,000 per share (the "Series A Preferred
Stock"),  of ASC shall have been  converted  into  shares of Series A  Preferred
Stock, par value $0.01 per share (the "New Series A Preferred  Stock"),  of ASC,
having terms substantially as set forth in Exhibit B hereto and shares of Common
Stock,  immediately  prior to the Effective Time, as herein provided;  (iii) the
warrants (the  "Warrants")  to purchase  6,000,000  shares of Common Stock at an
exercise  price of $2.50 per share shall have been  issued to OCP in  accordance
with the  Securities  Purchase  Agreement  (as  amended  to date,  the  "Warrant
Purchase  Agreement"),  dated July 31, 2000,  among ASC, ASC Resort  Properties,
Inc.  ("Resort  Properties")  and OCP and OCP  shall  not own any  shares of the
capital  stock  of  Resort  Properties;  and (iv) the  Resorts  Credit  Facility
Amendment  and the  Resorts  Credit  Facility  Conversion  shall have  occurred.

<PAGE>

                                                                               2

Collectively, the Class A Common Stock, the Series A Preferred Stock, the Series
B  Preferred  Stock  and the  Common  Stock,  together  with  all  other  equity
securities issued by ASC, are referred to herein as the "Securities".

                  C. As a condition and inducement to MeriStar's  willingness to
enter into the Merger  Agreement,  MeriStar has requested that each  Stockholder
agree, and each Stockholder has agreed, to enter into this Agreement.

                  NOW,  THEREFORE,  in  consideration  of the  foregoing and the
representations,  warranties and covenants contained in this Agreement,  and for
other good and valuable consideration,  the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE I

                            VOTING OF SUBJECT SHARES

                  Section 1.1 Agreement to Vote Subject  Shares.  At any meeting
(a "Stockholders Meeting") (including any and all postponements and adjournments
thereof) of the  stockholders  of ASC called to  consider  and vote upon (i) the
approval of the Merger,  the Merger Agreement and the transactions  contemplated
thereby,  (ii) the  issuance  of Common  Stock to the  stockholders  of MeriStar
pursuant to the Merger Agreement,  (iii) the  recapitalization  and Common Stock
issuances contemplated by Sections 3.3, 3.4 and 3.5 of this Agreement,  (iv) the
transactions  contemplated  by  Section  2.6 of the  Merger  Agreement,  (v) the
election of directors for ASC as provided in Schedule 1.1 to this  Agreement and
(vi) the adoption of amendments to the articles of  incorporation  and bylaws of
ASC in  connection  with the Merger  (the  actions  referred  to in clauses  (i)
through  (vi)  being  referred  to  collectively  as  the  "Proposals"),  and in
connection  with any action to be taken in respect of the  Proposals  by written
consent of the stockholders of ASC, each  Stockholder  shall vote or cause to be
voted  (including by written consent,  if applicable) all of such  Stockholder's
Subject  Shares in favor of the approval and  adoption of the  Proposals  and in
favor of any other matter  necessary for the  consummation  of the  transactions
contemplated by the Merger Agreement and this Agreement and considered and voted
upon at any such  meeting or made the subject of any such  written  consent,  as
applicable.  At any meeting (and at any and all  postponements  and adjournments
thereof) of the  stockholders of ASC (an "Adverse  Meeting")  called to consider
and vote upon any Adverse  Proposal (as defined  below),  and in connection with
any action to be taken in respect of any Adverse  Proposal by written consent of
stockholders of ASC, each Stockholder shall vote or cause to be voted (including
by written  consent,  if applicable)  all of such  Stockholder's  Subject Shares
against such Adverse Proposal. For purposes of this Agreement, the term "Adverse
Proposal" means any (a) proposal or action that would  reasonably be expected to

<PAGE>
                                                                               3

result in a breach of any covenant,  representation or warranty of ASC set forth
in the Merger  Agreement  or (b)  proposal  or action  that is intended or would
reasonably  be expected  to impede,  interfere  with,  delay or  materially  and
adversely affect the Merger or any of the other transactions contemplated by the
Merger Agreement or this Agreement.

                  Section 1.2 Other  Proxies  Revoked.  Any  proxies  heretofore
given in respect of such  Stockholder's  Subject Shares are not  irrevocable and
all such proxies are hereby revoked (other than the proxies  specified in Item 2
of Schedule 2.1), it being  understood that, with respect to the revocation made
concerning the Subject Shares  beneficially  owned by Otten,  ING (U.S.) Capital
LLC ("ING")  expressly  acknowledges  and agrees to such  revocation;  provided,
that, subject to Article III, such  acknowledgment and agreement shall in no way
alter any  existing  or future  rights of ING with  respect to the pledge of any
Class A Common Stock or Common Stock pledged to it by Otten.

                                   ARTICLE II

                         REPRESENTATIONS AND WARRANTIES

                  Section    2.1   Representations   and   Warranties   of   the
Stockholders.  Each  Stockholder,  severally  and not  jointly,  represents  and
warrants, as of the date hereof, the time of each ASC Stockholders Meeting, each
Adverse Meeting and as of the Effective Time, to MeriStar and ASC as follows:

                   (a) Except as specified on Schedule 2.1 hereto and except for
Subject Shares  transferred in accordance with Section 3.1 hereof after the date
hereof,  such  Stockholder is the sole record and beneficial owner of the number
and type of Securities  set forth  opposite such  Stockholder's  name on Annex A
hereto (such  Securities,  together with any other Securities or other equity or
voting interests in ASC the beneficial  ownership of which is hereafter acquired
by such  Stockholder  and any  Securities  into which such  Securities  or other
equity or voting interests are converted,  being collectively referred to herein
as such  Stockholder's  "Subject  Shares") and has full,  unrestricted  and sole
power to dispose of and to vote such Subject  Shares.  Such  Subject  Shares are
now,  and at all  times  prior  to the  Effective  Time  will  be,  held by such
Stockholder,  or by a nominee or custodian for the benefit of such  Stockholder,
free and clear of all liens,  voting trusts or  agreements,  powers of attorney,
proxies or any other arrangement or agreement with any person or entity limiting
or  affecting  such  Stockholder's  legal power or authority to vote or sell the
Subject Shares,  except for those  restrictions  arising  hereunder or set forth
under applicable securities laws and except as specified on Schedule 2.1 hereto.
Except as otherwise  specified on Schedule 2.1 hereto, such Stockholder does not
beneficially own or hold any rights to acquire any additional  securities of ASC
other than such Subject Shares.

<PAGE>
                                                                               4

                   (b) In the case of a Stockholder  who is an individual,  such
Stockholder  is an adult,  is a citizen of the United  States of America  and is
competent  to  execute  and  deliver  this  Agreement,  to carry  out his or her
obligations hereunder and to consummate the transactions contemplated hereby. In
the  case of a  Stockholder  that is a  corporation,  trust  or  other  business
organization,  such  Stockholder  has all requisite power and authority to enter
into this Agreement and to consummate the transactions  contemplated hereby. The
execution  and  delivery  of  this  Agreement  by  such   Stockholder   and  the
consummation by such  Stockholder of the transactions  contemplated  hereby have
been  duly  authorized  by all  necessary  action,  if any,  on the part of such
Stockholder.  This  Agreement  has been  duly  executed  and  delivered  by such
Stockholder and, assuming that this Agreement  constitutes the valid and binding
obligation  of  MeriStar,   this  Agreement  constitutes  a  valid  and  binding
obligation  of  such  Stockholder,   enforceable  against  such  Stockholder  in
accordance  with  its  terms,  subject  to  applicable  bankruptcy,  insolvency,
fraudulent  conveyance,  reorganization,  moratorium  and similar laws affecting
creditors' rights and remedies generally and to general principles of equity.

                   (c) The  execution and delivery of this  Agreement  does not,
and the consummation of the transactions contemplated hereby and compliance with
the provisions  hereof will not,  conflict with, result in a breach or violation
of or default (with or without notice or lapse of time or both) under, give rise
to a material obligation, a right of termination,  cancellation, or acceleration
of any obligation or a loss of a material benefit under, or require notice to or
the  consent  of any  person  under (i) in the case of a  Stockholder  that is a
corporation or other business organization, any organizational documents of such
Stockholder,  (ii) in the case of any  Stockholder  that is a trust,  violate or
conflict  with any term or provision  of the  indenture,  or other  governing or
testamentary  instrument  relating  to such  trust  or  (iii) in the case of any
Stockholder,  any Contract,  agreement,  instrument,  undertaking,  Law,  order,
injunction,  determination or award binding on such Stockholder,  other than any
such conflicts, breaches, violations,  defaults,  obligations,  rights or losses
that, individually or in the aggregate, would not (i) impair the ability of such
Stockholder to perform such  Stockholder's  obligations  under this Agreement or
(ii) prevent or delay the consummation of any of the  transactions  contemplated
hereby.

                   (d) Each Stockholder  understands and  acknowledges  that the
issuance of the Common Stock and the New Series A Preferred  Stock in accordance
with Sections 3.3, 3.4, 3.5 and 3.6 of this Agreement is pursuant to one or more
of the exemptions from registration  provided for in Section 3(a) or 4(2) of the
Securities  Act,  including  Regulation  D  promulgated   thereunder,   and  any
applicable  state laws,  and the offer and sale of the Common  Stock and the New
Series A Preferred Stock are thus not registered  under the Securities Act. Each
Stockholder  further  understands and acknowledges that this transaction has not
been reviewed and approved by the SEC or by any state  regulatory  authority and
represents and warrants that it is an "accredited  investor," as defined in Rule
501(a) of Regulation D under the Securities Act.

<PAGE>
                                                                               5

                  Section 2.2      Representations and Warranties of ASC.

                   (a) ASC represents and warrants, as of the date hereof and as
of the Effective Time, to MeriStar and each of the Stockholders that:

                  (i) ASC has all  requisite  power and  authority to enter into
         this Agreement, and to consummate the transactions contemplated hereby.
         The  execution   and  delivery  of  this   Agreement  by  ASC  and  the
         consummation by ASC of the transactions  contemplated  hereby have been
         duly  authorized  by all  necessary  action  on the  part of ASC.  This
         Agreement  has been duly  executed and  delivered by ASC and,  assuming
         that this Agreement constitutes the valid and binding obligation of the
         other parties to this Agreement, this Agreement constitutes a valid and
         binding obligation of ASC,  enforceable  against ASC in accordance with
         its terms,  subject to applicable  bankruptcy,  insolvency,  fraudulent
         conveyance,  reorganization,  moratorium  and  similar  laws  affecting
         creditors' rights and remedies  generally and to general  principles of
         equity;

                  (ii) The execution and delivery of this  Agreement by ASC does
         not, and the consummation of the transactions  contemplated  hereby and
         compliance with the provisions  hereof will not,  conflict with, result
         in a breach or violation of or default (with or without notice or lapse
         of time or both) under, give rise to a material obligation,  a right of
         termination,  cancellation, or acceleration of any obligation or a loss
         of a material benefit under, or require notice to or the consent of any
         person  under  (i) any  organizational  documents  of ASC or  (ii)  any
         Contract,  agreement,  instrument,  undertaking,  Law, judgment, order,
         injunction,  decree,  determination or award binding on ASC, other than
         any such conflicts, breaches, violations, defaults, obligations, rights
         or losses that, individually or in the aggregate,  would not (i) impair
         the ability of ASC to perform its  obligations  under this Agreement or
         (ii)  prevent  or delay  the  consummation  of any of the  transactions
         contemplated hereby; and

                  (iii) Assuming that the representations and warranties made by
         the  Stockholders in Section 2.2(d) are true and correct,  the issuance
         of the Common Stock and New Series A Preferred Stock in accordance with
         Sections  3.3,  3.4,  3.5 and 3.6 hereof will not require  registration
         under the Securities Act or violate applicable state securities laws.

                   (b) ASC represents and warrants, as of the date hereof and as
of the Effective Time:

                  (i) To Otten,  that all  shares  of Common  Stock to be issued
         pursuant to Section 3.3 of this Agreement will be, upon issuance on the
         terms and  conditions  specified in this  Agreement,  duly  authorized,
         validly issued,  fully paid,  nonassessable  and will not be subject to
         preemptive rights;

<PAGE>
                                                                               6

                  (ii) To  Madeleine,  that all shares of New Series A Preferred
         Stock and Common  Stock to be issued  upon  conversion  of the Series A
         Preferred  Stock  pursuant to Section 3.4(a) of this Agreement will be,
         upon  such  issuance  on the  terms and  conditions  specified  in this
         Agreement,  duly authorized,  validly issued, fully paid, nonassessable
         and will not be subject to preemptive rights;

                  (iii) To OCP,  OCMP,  OSF,  OSF2 and OSLP,  that all shares of
         Common Stock to be issued  pursuant to Section 3.4(b) of this Agreement
         will be, upon  issuance on the terms and  conditions  specified in this
         Agreement,  duly authorized,  validly issued, fully paid, nonassessable
         and will not be subject to preemptive rights; and

                  (iv) To OCP,  that all  shares  of  Common  Stock to be issued
         pursuant to Section 3.5 of this Agreement will be, upon issuance on the
         terms and  conditions  specified in this  Agreement,  duly  authorized,
         validly issued,  fully paid,  nonassessable  and will not be subject to
         preemptive rights.

                                   ARTICLE III

                                CERTAIN COVENANTS

              Section 3.1 Restriction on Transfer of Subject Shares; Proxies and
Noninterference.  No Stockholder shall, prior to the Effective Time, directly or
indirectly:  (A) except pursuant to the terms of this Agreement, offer for sale,
sell, transfer,  pledge,  tender,  encumber,  assign or otherwise dispose of, or
enter into any  contract,  option or other  arrangement  or  understanding  with
respect  to  or  consent  to  the  offer  for  sale,  sale,  transfer,   tender,
encumbrance,   assignment  or  other   disposition   of,  any  or  all  of  such
Stockholder's  Subject Shares,  unless it receives (i) an irrevocable  proxy, in
form and  substance  substantially  similar  to  Exhibit A  hereto,  to vote the
transferred  Subject Shares as provided  therein and (ii) a deed of adherence to
this Agreement  (including  representations and warranties of the type set forth
in Section 2.1  hereof)  reasonably  satisfactory  to the other  parties  hereto
executed by the transferee of such Subject  Shares;  (B) except  pursuant to the
terms of this Agreement, grant any proxies or powers of attorney, deposit any of
such  Stockholder's  Subject  Shares into a voting  trust or enter into a voting
agreement with respect to any of such Stockholder's  Subject Shares; or (C) take
any action  that would  reasonably  be expected  to make any  representation  or
warranty  contained  herein  untrue or incorrect or have the effect of impairing
the  ability  or  preventing  or  delaying  the   consummation  of  any  of  the
transactions   contemplated   hereby  of  such   Stockholder   to  perform  such
Stockholder's obligations under this Agreement.

              Section 3.2 Reliance by MeriStar;  Cooperation.  Each  Stockholder
understands and acknowledges that MeriStar is entering into the Merger Agreement
in reliance upon the  Stockholders'  execution  and delivery of this  Agreement.
Each Stockholder shall cooperate fully with ASC and MeriStar in

<PAGE>
                                                                               7

connection  with the respective  reasonable  best efforts of ASC and MeriStar to
fulfill  the  conditions  to the  Merger  set forth in  Article VI of the Merger
Agreement.

              Section 3.3 Conversion of Class A Common Stock. Prior to or at the
Effective Time,  Otten and ASC shall cause each share of Class A Common Stock to
be converted into one share of Common Stock.

              Section  3.4  Recapitalization.  Subject  to  the  receipt  of the
Requisite ASC Vote in favor of the transactions described in this Section 3.4:

                   (a) Immediately  prior to the Effective  Time,  Madeleine and
ASC  shall  cause a  recapitalization  of ASC in  which  all of the  issued  and
outstanding  shares of Series A  Preferred  Stock  are  converted  into (i) such
number  of  shares  of New  Series A  Preferred  Stock  equal  to the  aggregate
liquidation  preference  for all the  shares of Series A  Preferred  Stock  plus
accrued and unpaid  dividends on such stock,  determined  as of the Closing Date
(the "Preferred Value"), divided by $1,000 and (ii) a number of shares of Common
Stock calculated by dividing (x) 20.7% of the Preferred Value by (y) $2.22;

                   (b) Immediately  prior to the Effective Time, OCP, OCMP, OSF,
OSF2,  OSLP and ASC shall  cause all of the  issued  and  outstanding  shares of
Series B Preferred Stock to be converted into a number of shares of Common Stock
calculated  by  dividing  the  aggregate  Liquidation  Price (as  defined in the
Certificate of Designation of the Series B Preferred Stock) of such shares as of
October 31, 2000 by $2.22;

                   (c) Prior to the Effective  Time, if no shares of the capital
stock of Resort  Properties  have been issued to OCP under the Warrant  Purchase
Agreement,  ASC shall issue the Warrants to OCP in accordance  with the terms of
the Warrant Purchase Agreement; and

                   (d) Prior to the  Effective  Time,  if shares of the  capital
stock of Resort  Properties  have been issued to OCP under the Warrant  Purchase
Agreement,  OCP  shall  transfer  those  shares of the  capital  stock of Resort
Properties  to ASC, and ASC shall issue the Warrants to OCP in  accordance  with
the terms of the Warrant Purchase Agreement.

              Section 3.5 Issuance of Common  Stock to Tranche C Lenders.  Prior
to the Effective Time:

                   (a)  ASC  and  OCP  shall  cause  the  entire  $13.0  million
available under Tranche C of the Resorts Credit Facility to be drawn; and

                   (b) ASC and OCP  shall  cause  the  Resorts  Credit  Facility
Amendment to occur and shall cause Tranche C under the Resorts  Credit  Facility
to be repaid in the form of an  issuance  of a number of shares of Common  Stock

<PAGE>
                                                                               8

calculated by dividing (x) the outstanding  aggregate  principal  amount of such
Tranche C as of the Effective  Time plus all accrued and unpaid  interest on the
aggregate  outstanding  principal  amount of such Tranche C through  October 31,
2000 by (y) $2.22.

                   Section 3.6    Closing Procedures.

                   (a) Immediately  prior to the Effective Time, upon the filing
of an amended and restated  certificate  of  incorporation  of ASC in accordance
with  Section 1.6 of the Merger  Agreement  and a  certificate  of  designations
relating to the New Series A Preferred Stock, substantially in the form attached
to this Agreement as Exhibit B, the Series A Preferred Stock shall automatically
be  converted  into shares of New Series A Preferred  Stock and shares of Common
Stock pursuant to Section 3.4(a) and  certificates  formerly  representing  such
shares of Series A Preferred  Stock shall,  from and after such time,  represent
the right to receive  that number of shares of New Series A Preferred  Stock and
shares of Common Stock provided in Section  3.4(a).  Each holder shall surrender
the certificate or  certificates  formerly  representing  the Series A Preferred
Stock, duly endorsed, at the offices of Paul, Weiss, Rifkind, Wharton & Garrison
at or prior to the Effective  Time (or such other place as ASC shall  reasonably
request) and shall give written  notice to ASC of the name or names in which the
certificate  or  certificates  for  shares of New Series A  Preferred  Stock and
Common  Stock are to be issued.  ASC shall,  at the  Effective  Time,  issue and
deliver  at the  offices of Paul,  Weiss,  Rifkind,  Wharton & Garrison  to such
holder of Series A  Preferred  Stock,  or to the  nominee  or  nominees  of such
holder,  a certificate or certificates  for the number of shares of New Series A
Preferred  Stock and Common Stock to which such holder is entitled under Section
3.4(a).  Such  conversion  shall be deemed to have been made as of the Effective
Time,  and the person or persons  entitled to receive the shares of New Series A
Preferred Stock and Common Stock issuable upon such conversion  shall be treated
for all purposes as the record  holder or holders of such shares of New Series A
Preferred  Stock and Common Stock as of the  Effective  Time.  When issued,  the
certificates  evidencing  such shares of New Series A Preferred Stock and Common
Stock shall not bear  legends or other  notations  relating to  restrictions  on
transfer,  other  than  as  required  pursuant  to  Article  Thirteenth  of  the
Certificate of Incorporation of ASC (as amended as of the Effective Time).

                   (b) Except as specifically  provided in this  Agreement,  the
conversion  of the Series B  Preferred  Stock into  Common  Stock shall occur as
provided  in Section  9(b) of the  Certificate  of  Designation  relating to the
Series B Preferred Stock.

                   (c) Upon completion of the  transactions  required by Section
3.5, ASC and OCP shall execute an instrument (in form reasonably satisfactory to
ASC and OCP)  evidencing  the  repayment  in full of Tranche C under the Resorts
Credit  Facility  and the  issuance of the shares of Common  Stock in  repayment
thereof.

<PAGE>
                                                                               9

                   (d) In connection  with any of the  transactions  required by
Sections 3.4 or 3.5,  ASC shall not be required to issue  fractions of shares of
Common Stock or New Series A Preferred Stock or to distribute certificates which
evidence  fractions of such shares. In lieu of fractional shares, ASC shall pay,
at the effective  time of any conversion as herein  provided,  an amount in cash
equal to such fraction  multiplied by (i) $2.22, in the case of Common Stock, or
(ii) $1,000, in the case of New Series A Preferred Stock.

              Section 3.7 No Further Issuances of Stock.  Prior to the Effective
Time, ASC shall not issue any additional shares of Class A Common Stock,  Series
A Preferred Stock or Series B Preferred Stock.

              Section 3.8 ING. In the event that ING elects to  foreclose on any
Securities  pledged to it by Otten or to exercise  voting rights with respect to
such Securities,  ING shall provide MeriStar,  ASC and OCP with reasonable prior
notice of such intent.

              Section 3.9 Plan of Reorganization.  This Agreement is intended to
constitute a "plan of  reorganization"  within the meaning of Section 1.368-2(g)
of the income tax  regulations  promulgated  under the Code.  From and after the
date of this  Agreement  and  until  the  Effective  Time,  each  party  to this
Agreement shall use its reasonable best efforts to cause the Recapitalization to
qualify, and shall not, without the prior written consent of the parties to this
Agreement,  knowingly  take any  actions or cause any  actions to be taken which
could prevent such recapitalization  from qualifying,  as a reorganization under
the provisions of Section 368(a) of the Code.  Following the Effective Time, and
consistent  with  any  such  consent,  none  of  MeriStar,  ASC or any of  their
affiliates  shall  knowingly take any action or knowingly cause any action to be
taken  which  would  cause  the  Recapitalization  to  fail to so  qualify  as a
reorganization under Section 368(a) of the Code.

              Section  3.10  Restriction  on  Certain  Amendments  to the Merger
Agreement.  ASC and MeriStar shall not permit an amendment to Section 2.1 or 2.4
of the Merger  Agreement  without the prior written consent of Madeleine if such
amendment would cause material dilution of Madeleine's holdings in ASC.

                                   ARTICLE IV

                                  MISCELLANEOUS

              Section 4.1 Fees and Expenses. Each party hereto shall pay its own
expenses  incident  to  preparing  for,  entering  into  and  carrying  out this
Agreement and the consummation of the transactions  contemplated hereby,  except
that all reasonable  expenses,  including  attorneys'  fees, (i) incurred by Oak
Hill (excluding expenses incurred by holders of the Snow Subordinated Notes in

<PAGE>
                                                                              10

connection with the Snow Notes Consent) in connection  with this Agreement,  not
to exceed $100,000,  and (ii) incurred by Madeleine,  not to exceed $35,000,  in
connection with this Agreement shall be paid by ASC.

<PAGE>

              Section 4.2  Amendment;  Termination.  This  Agreement  may not be
amended  except  by an  instrument  in  writing  signed on behalf of each of the
parties hereto.  This Agreement shall terminate  immediately upon the earlier to
occur of (i) the  termination  of the Merger  Agreement in  accordance  with its
terms and (ii) June 30, 2001. In addition,  this  Agreement may be terminated by
mutual written consent of MeriStar,  ASC and the  Stockholders.  In the event of
termination of this Agreement pursuant to this Section 4.2, this Agreement shall
become null and void and of no effect with no liability on the part of any party
hereto and all Proxies shall automatically terminate; provided, however, that no
such  termination  shall  relieve any party  hereto from any  liability  for any
breach of this  Agreement  occurring  prior to such  termination;  and provided,
further, that Article II shall survive the termination of this Agreement.

                  All  covenants and  agreements  that  contemplate  performance
after the Effective Time shall survive the Effective Time.

              Section 4.3  Extension,  Waiver.  Any  agreement  on the part of a
party to waive any  provision of this  Agreement,  or to extend the time for any
performance  hereunder,  shall be valid  only if set forth in an  instrument  in
writing  signed  on  behalf  of such  party.  The  failure  of any party to this
Agreement  to assert any of its rights under this  Agreement or otherwise  shall
not constitute a waiver of such rights.

              Section 4.4 Entire Agreement; No Third-Party  Beneficiaries.  This
Agreement constitutes the entire agreement,  and supersedes all prior agreements
and understandings, both written and oral, among the parties with respect to the
subject  matter of this  Agreement and is not intended to confer upon any person
other than the parties any rights or remedies.

              SECTION 4.5 GOVERNING  LAW. THIS  AGREEMENT  SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK,  REGARDLESS
OF ANY  PRINCIPLES  OF  CONFLICTS  OF  LAWS  THEREOF  THAT  MIGHT  INDICATE  THE
APPLICABILITY  OF THE LAWS OF ANY OTHER  JURISDICTION,  EXCEPT WHERE THE LAWS OF
THE STATE OF DELAWARE ARE MANDATORILY APPLICABLE.

                  Section 4.6 Notices. All notices,  requests,  claims, demands
and other  communications  under this Agreement shall be in writing and shall be
deemed  given if  delivered  personally,  by hand  delivery or telecopy  (with a
confirmation  copy  sent for next day  delivery  via  courier  service,  such as

<PAGE>

                                                                              11

Federal  Express),  or sent  by  overnight  courier,  such  as  Federal  Express
(providing proof of delivery).  All communications  hereunder shall be delivered
to the respective parties at the following addresses:

                           If to the Stockholders:

                                 to the addresses set forth on Annex A hereto.

                           If to ASC:

                                    American Skiing Company
                                    One Monument Way
                                    Portland, Maine 04101
                                    Attention: Christopher E. Howard, Esq.
                                               Foster A. Stewart, Jr., Esq.
                                    Telecopy: (207) 791-2607

                           with a copy to:

                                    Shearman & Sterling
                                    599 Lexington Avenue
                                    New York, New York 10036-6522
                                    Attention: Mark Roppel, Esq.
                                    Telecopy:  (212) 848-7179

                           If to MeriStar:

                                    MeriStar Hotels & Resorts, Inc.
                                    1010 Wisconsin Avenue, NW
                                    Washington, DC 20007
                                    Attention:   Christopher L. Bennett, Esq.
                                    Telecopy:   (202) 295-1026

                           with a copy to:

                                    Paul, Weiss, Rifkind, Wharton & Garrison
                                    1285 Avenue of the Americas
                                    New York, New York  10019
                                    Attention:   Richard S. Borisoff, Esq.
                                    Telecopy:   (212) 757-3990

              Section 4.7  Assignment.  Neither  this  Agreement  nor any of the
rights,  interests  or  obligations  under this  Agreement  may be  assigned  or
delegated,  in  whole or in  part,  by  operation  of law or  otherwise,  by any
Stockholder without the prior written consent of MeriStar, or by MeriStar

<PAGE>
                                                                              12

without the prior written consent of the Stockholders and any such assignment or
delegation  that is not  consented  to shall be null and  void.  Subject  to the
preceding  sentence,  this Agreement shall be binding upon, inure to the benefit
of, and be  enforceable  by, the parties  and their  respective  successors  and
assigns (including,  without  limitation,  any person to whom any Subject Shares
are sold, transferred or assigned).

              Section 4.8 Further Assurances. Each Stockholder shall execute and
deliver such other  documents and  instruments  and take such further actions as
may be necessary or appropriate or as may be reasonably requested by MeriStar in
order to ensure that MeriStar receives the full benefit of this Agreement.

              Section 4.9  Enforcement.  Irreparable  damage  would occur in the
event  that  any of the  provisions  of this  Agreement  were not  performed  in
accordance  with their specific terms or were otherwise  breached.  Accordingly,
the  parties  shall be  entitled  to an  injunction  or  injunctions  to prevent
breaches of this Agreement and to enforce  specifically the terms and provisions
of this  Agreement  in the federal  courts of the United  States  located in the
State of New York,  this being in addition to any other remedy to which they are
entitled at law or in equity. Each of the parties hereto (i) shall submit itself
to the  jurisdiction  of the  federal  courts of the  United  States of  America
located  in the State of New York in the event any  dispute  arises  out of this
Agreement or any of the transactions contemplated hereby, (ii) shall not attempt
to deny or defeat  such  personal  jurisdiction  by motion or other  request for
leave from any such court, and (iii) shall not bring any action relating to this
Agreement or any of the transactions contemplated hereby in any court other than
the federal  courts of the United States of America  located in the State of New
York.

              Section 4.10 Waiver of Trial by Jury. Each party  acknowledges and
agrees that any  controversy  that may arise under this  Agreement  is likely to
involve  complicated and difficult issues,  and therefore each such party hereby
irrevocably and unconditionally  waives any right such party may have to a trial
by jury in respect of any  litigation  directly or indirectly  arising out of or
relating to this Agreement or the  transactions  contemplated by this Agreement.
Each party  certifies  and  acknowledges  that (i) no  representative,  agent or
attorney of any other party has represented,  expressly or otherwise,  that such
other party would not, in the event of litigation, seek to enforce the foregoing
waiver,  (ii) each such party understands and has considered the implications of
this waiver, (iii) each such party makes this waiver voluntarily,  and (iv) each
such party has been induced to enter into this agreement by, among other things,
the mutual waivers and certifications in this Section 4.10.

              Section 4.11 Severability.  Whenever  possible,  each provision or
portion of any provision of this  Agreement  shall be interpreted in such manner
as to be  effective  and valid  under  applicable  law but if any  provision  or
portion of any  provision of this  Agreement  is held to be invalid,  illegal or
unenforceable   in  any  respect  under  any  applicable  law  or  rule  in  any
jurisdiction, such invalidity, illegality or unenforceability shall not affect

<PAGE>
                                                                              13

any other provision or portion of any provision in such  jurisdiction,  and this
Agreement shall be reformed,  construed and enforced in such  jurisdiction as if
such invalid, illegal or unenforceable provision or portion of any provision had
never been contained herein.

              Section 4.12  Counterparts.  This Agreement may be executed in one
or more  counterparts,  all of  which  shall  be  considered  one  and the  same
instrument and shall become  effective when one or more  counterparts  have been
signed by each party and delivered to the other parties.

<PAGE>

                  IN WITNESS WHEREOF, each of the parties hereto has caused this
Agreement to be signed as of the day and year first written above.

                               MERISTAR HOTELS & RESORTS, INC.

                               By:  /s/ Paul Whetsell
                                   --------------------------------------------
                                   Name: Pual Whetsell
                                   Title: Chief Executive Officer

                               AMERICAN SKIING COMPANY

                               By:  /s/ Leslie B. Otten
                                  ----------------------------------------------
                                   Name: Leslie B. Otten
                                   Title: President

                                   /s/ Leslie B. Otten
                                  ----------------------
                                    Leslie B. Otten

                                ALBERT OTTEN TRUST
                                F/B/O MILDRED OTTEN

                               By:  /s/ Leslie B. Otten
                                  ----------------------------------------------
                                   Name:  Leslie B. Otten
                                   Title: Trustee

<PAGE>

                               OAK HILL CAPITAL PARTNERS, L.P.

                               By:  /s/ Kevin G. Levy
                                  ----------------------------------------------
                                   Name:  Kevin G. Levy
                                   Title: Vice President

                                      OAK HILL CAPITAL MANAGEMENT PARTNERS, L.P.

                               By:  /s/ Kevin G. Levy
                                  ----------------------------------------------
                                   Name:  Kevin G. Levy
                                   Title: Vice President

                                      OAK HILL SECURITIES FUND, L.P.

                               By:  /s/ Glenn R. August
                                  ----------------------------------------------
                                   Name:Glenn R. August
                                   Title: President

                                      OAK HILL SECURITIES FUND II, L.P.

                               By:  /s/ Glenn R. August
                                  ----------------------------------------------
                                   Name:Glenn R. August
                                   Title: President

                                      OHCP SKI, L.P.

                               By:  /s/ Kevin G. Levy
                                  ----------------------------------------------
                                   Name:  Kevin G. Levy
                                   Title: Vice President

                                      MADELEINE LLC

                               By:  /s/ Bob Davenport
                                  ----------------------------------------------
                                   Name:  Bob Davenport
                                   Title: Attorney-in-Fact

<PAGE>

Accepted and agreed as to
Sections 1.2 and 3.7 hereof:
ING (U.S.) CAPITAL LLC,
   AS PLEDGEE OF SHARES
   OF CLASS A COMMON
   STOCK AND COMMON STOCK
   BENEFICIALLY OWNED BY
   LESLIE B. OTTEN

By:  /s/ William B. Redmond
----------------------------------------------
Name:  William B. Redmond
Title: Vice President

<PAGE>

                                                                         Annex A
<TABLE>

             Stockholder                               Address                     Type of ASC Security               Number

<S>                                     <C>                                    <C>                                            <C>
Madeleine LLC                           450 Park Avenue                        Series A Preferred Stock                       36,626
                                        28th Floor
                                        New York, NY 10022
                                        Attention: Robert Davenport

                                        With a copy to:
                                        Robert Loper, Esq.
                                        Schulte Roth & Zabel LLP
                                        900 Third Avenue
                                        New York, NY 10022

Oak Hill Capital Partners, L.P.         *                                      Series B Preferred Stock                      129,870

Oak Hill Capital Management Partners,   *                                      Series B Preferred Stock                        3,330
L.P.

Oak Hill Securities Fund, L.P.          *                                      Series B Preferred Stock                        7,400

Oak Hill Securities Fund II, L.P.       *                                      Series B Preferred Stock                        7,400

OHCP Ski, L.P.                          *                                      Series B Preferred Stock                        2,000

Leslie B. Otten                          c/o American Skiing Company           Common Stock                                  833,333
                                        Sunday River Access Road, Bethel, ME
                                        04217
                                                                               Class A Common Stock                       14,760,530

Albert Otten Trust f/b/o Mildred         c/o American Skiing Company           Common Stock                                   30,000
Otten                                   Sunday River Access Road, Bethel, ME
                                        04217

*        The address of OCP, OCMP, OSF, OSF2 and OSLP is:

                                    201 Main Street, Suite 2600
                                    Fort Worth, Texas 76102
                                    Attention: Kevin G. Levy

</TABLE>

<PAGE>
                                                                       Exhibit A

                                IRREVOCABLE PROXY

                  The  undersigned  shareholder of AMERICAN SKIING  COMAPANY,  a
Delaware corporation ("ASC") hereby appoints MERISTAR HOTELS & RESORTS,  INC., a
Delaware corporation ("MeriStar"), as proxy for the undersigned, with full power
of substitution,  to attend any annual or special meeting of the shareholders of
ASC (including  any and all  adjournments  and  postponements  thereof),  and in
respect of any  written  consent in lieu of such  meeting,  held or made for the
purpose of  considering  or voting upon the matters  described in Section 1.1 of
the Voting and Recapitalization Agreement, dated the date hereof, among MeriStar
and certain  shareholders  of ASC (the  "Agreement"),  in  accordance  with such
Section 1.1, and to cast all votes that the  undersigned  is entitled to cast at
such a meeting (or in connection with such written  consent) with respect to all
of the  undersigned's  Subject Shares (as defined in the Agreement) with respect
to the matters described in Section 1.1 of the Agreement. The undersigned hereby
revokes any proxy  heretofore  given with  respect to such a meeting (or written
consent in lieu  thereof) or with respect to such a vote cast.  The  undersigned
affirms  that  this  proxy is a power  coupled  with an  interest  and  shall be
irrevocable.  The  undersigned  shall take such  further  action or execute such
other  instruments  as may  be  necessary  to  effectuate  the  intent  of  this
irrevocable   proxy.  This  proxy  shall  be  automatically   revoked  upon  the
termination of the Agreement.

                              [Name of Stockholder]

Please sign exactly as name appears on the             By
records of ASC and date.  When signing as attorney,      -----------------------
executor, administrator, trustee, guardian,              Name:
officer of a corporation or other entity or in           Title:
another representative  capacity,  please give
the full title under signature(s).

                                                       Dated: December __, ____

<PAGE>

                                                                       Exhibit B

       [Form of New Series A Preferred Stock Certificate of Designations]

<PAGE>

<TABLE>

                                                SCHEDULE 1.1

                                              Initial Directors

<S>                                      <C>                                   <C>

Name                                     Class                                 Nominated by

**                                       I                                     Oak Hill

**                                       I                                     Oak Hill

*                                        I                                     Independent

**                                       II                                    Oak Hill

Mr. Steven Jorns                         II                                    MeriStar

Mr. David Hawkes                         II                                    Otten

*                                        II                                    Independent Director

Mr. Daniel Doctoroff                     III                                   Oak Hill

Mr. Paul W. Whetsell                     III                                   MeriStar

Mr. Leslie B. Otten                      III                                   Otten

*                                        III                                   Independent

*      To be determined reasonably by ASC, MeriStar, Otten, OCP, OCMP, OSF, OSF2 and OSLP.

**     To be determined by OCP, OCMP, OSF, OSF2 and OSLP.

</TABLE>

<PAGE>
                                  SCHEDULE 2.1

                  Beneficial Ownership of Capital Stock of ASC

1.     Madeleine  holds  its  Subject  Shares on  behalf  of  various  funds and
       accounts managed by Cerberus Capital Management, L.P. and its affiliates.

2.     The Subject Shares of Madeleine, Otten, OCP, OCMP, OSF, OSF2 and OSLP are
       subject to a proxy in favor of ASC to vote those Subject  Shares at ASC's
       annual meeting of stockholders on December 12, 2000 (and all adjournments
       and postponements thereof).

3.     Otten holds his Subject  Shares  subject to the pledge  granted under the
       Pledge Agreement, dated November 10, 1997, between Otten and ING.

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