Document:

Seventeenth Supplemental Indenture

 Exhibit 4.26 
  
 SEVENTEENTH SUPPLEMENTAL INDENTURE TO 
 AMENDED AND RESTATED INDENTURE 
  
 SEVENTEENTH SUPPLEMENTAL INDENTURE, dated as of March 17, 2005, among HOST MARRIOTT, L.P., a Delaware limited partnership (the “Company”), the Subsidiary Guarantors signatory to this Seventeenth Supplemental Indenture and THE BANK
OF NEW YORK, as Successor Trustee (the “Trustee”) to the Amended and Restated Indenture, dated as of August 5, 1998, as amended and supplemented through the date of this Seventeenth Supplemental Indenture (the “Indenture”).

  
 RECITALS 
  
 WHEREAS, the Company, its Parents, certain of the Subsidiary Guarantors and
HSBC Bank USA (f/k/a Marine Midland Bank) executed and delivered the Amended and Restated Indenture, dated as of August 5, 1998, amending and restating the form of Indenture previously filed as Exhibit 4.1 to the Registration Statement (No.
333-50729) filed with the Securities and Exchange Commission (“Commission”) on Form S-3 by the Company, its Parents and certain of the Subsidiary Guarantors (the “Amended and Restated Indenture”); 
  
 WHEREAS, the Company is making a tender offer (the “Tender Offer”)
to purchase any and all of the Company’s outstanding 8 3/8% Series E senior notes due 2006 (the “8 3/8% Notes”) issued pursuant to the Fourth Supplemental Indenture to the Amended and Restated Indenture (the
“Fourth Supplemental Indenture”) for cash; 
  
 WHEREAS, the Company has solicited consents from Holders of the 8 3/8% Notes to certain amendments to
the Fourth Supplemental Indenture, which are contained in this Seventeenth Supplemental Indenture (the “Amendments”); 
  
 WHEREAS, Section 9.2 of the Indenture provides that the Company and the Trustee, with the consent of the Holders of a majority in aggregate principal
amount of the 8 3/8% Notes then outstanding, may amend or supplement certain provisions of the Indenture with
respect to the 8 3/8% Notes; 
  
 WHEREAS, the Holders of at least a majority in aggregate principal amount of the 8 3/8% Notes outstanding as of the date hereof have consented to the Amendments; 
  
 WHEREAS, all acts and things prescribed by the Indenture, by law and by the
Certificate of Incorporation and the Bylaws of the Company, the Subsidiary Guarantors and the Trustee necessary to make this Seventeenth Supplemental Indenture a valid instrument legally binding on the Company, the Subsidiary Guarantors and the
Trustee, in accordance with its terms, have been duly done and performed; and 
  
 WHEREAS, all conditions precedent to amend or supplement the Indenture have been met. 

 NOW, THEREFORE, to comply with the provisions of the Indenture, and in consideration of the above
premises, the Company, the Subsidiary Guarantors and the Trustee covenant and agree as follows: 
  
 ARTICLE 1 
  
 Section 1.01
Nature of Supplemental Indenture. This Seventeenth Supplemental Indenture supplements the Indenture with respect to the 8 3/8% Notes issued pursuant to the Fourth Supplemental Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.

  
 ARTICLE 2 
  
 Section 2.01 Amendments. The Indenture is hereby amended with respect
to the 8 3/8% Notes as follows: 
  
 (a) Section 1.1 of the Indenture is hereby amended to delete the following defined terms and related definitions:
“Adjusted Total Assets,” “Consolidated Coverage Ratio,” “Currency Agreement,” “Exempted Affiliate Transaction,” “Funds from Operations,” “Permitted Investment,” “Permitted Mortgage
Investment,” “Permitted REIT Distributions,” “Refinancing Indebtedness,” “Restricted Investment,” “Restricted Payment,” “Subsidiary Indebtedness,” “Total Unencumbered Assets,”
“Transaction Date,” and “Unsecured Indebtedness.” 
  
 (b) Section 4.2 of the Indenture is hereby amended to state, in its entirety, the following: “Section 4.2. Reports. The Company shall comply with TIA Section 314(a).” 
  
 (c) Section 4.3 of the Indenture is hereby amended to state, in its entirety,
the following: “Section 4.3. Compliance Certificate. The Company shall comply with TIA Section 314(a).” 
  
 (d) Section 4.4 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.4. Stay, Extension and Usury
Laws. INTENTIONALLY OMITTED.” 
  
 (e) Section 4.5 of
the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.5. Corporate Existence. INTENTIONALLY OMITTED.” 
  
 (f) Section 4.6 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.6.
Taxes. INTENTIONALLY OMITTED.” 

 (g) Section 4.7 of the Indenture is hereby eliminated in its entirety and replaced with the words:
“Section 4.7. Limitation on Incurrences of Indebtedness and Issuance of Disqualified Stock. INTENTIONALLY OMITTED.” 
  
 (h) Section 4.8 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.8. Limitation on Liens.
INTENTIONALLY OMITTED.” 
  
 (i) Section 4.10 of the
Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.10. Limitation on Dividend and Other Payment Restrictions Affecting Subsidiary Guarantors. INTENTIONALLY OMITTED.” 
  
 (j) Section 4.11 of the Indenture is hereby eliminated in its entirety and
replaced with the words: “Section 4.11. Limitation on Transactions with Affiliates. INTENTIONALLY OMITTED.” 
  
 (k) Section 4.12 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.12. Limitation on Asset
Sales. INTENTIONALLY OMITTED.” 
  
 (l) Section 4.13
of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.13. Limitation on Merger of Subsidiary Guarantors and Release of Subsidiary Guarantors. INTENTIONALLY OMITTED.” 
  
 (m) Section 4.14 of the Indenture is hereby eliminated in its entirety and
replaced with the words: “Section 4.14. Limitation on Status as Investment Company. INTENTIONALLY OMITTED.” 
  
 (n) Section 4.15 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.15. Limitation on Restricted
Payments On or After REIT Conversion. INTENTIONALLY OMITTED.” 
  
 (o) Section 4.16 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 4.16 Maintenance of Properties and Insurance. INTENTIONALLY OMITTED.” 
  
 (p) Section 4.17 of the Indenture is hereby eliminated in its entirety and
replaced with the words: “Section 4.17. Maintenance of Office or Agency. INTENTIONALLY OMITTED.” 
  
 (q) Section 5.1 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 5.1. When Company May Merge,
Etc.  

 The Company will not merge with or into, or sell, convey, or transfer, or otherwise dispose of all or
substantially all of its property and assets (as an entirety or substantially as an entirety in one transaction or a series of related transactions) to any Person or permit any Person to merge with or into the Company, unless either the Company
shall be the continuing Person or the Person (if other than the Company) formed by such consolidation or into which the Company is merged or that acquired such property and assets of the Company shall be an entity organized and validly existing
under the laws of the United States of America or any state or jurisdiction thereof and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all of the obligations of the Company, on the Securities and under
this Indenture.” 
  
 (r) Section 6.1 of the Indenture is
hereby amended to state, in its entirety, the following: “Section 6.1. Events of Default. 
  
 “Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless
in establishing such a Series in a Board Resolution, supplemental indenture or Officers’ Certificate, it is provided that such Series shall not have the benefit of said Event of Default: 
  
 (a) the failure by the Company to pay any installment of
interest on the Securities of that Series as and when the same becomes due and payable and the continuance of any such failure for 30 days; and 
  
 (b) the failure by the Company to pay all or any part of the principal of, or premium, if any, on, the Securities of that Series when and
as the same becomes due and payable at maturity, redemption; by acceleration or otherwise.” 
  
 (s) Section 8.3 of the Indenture is hereby eliminated in its entirety and replaced with the words: “Section 8.3. Legal Defeasance of Securities
of any Series.  
  
 Unless this Section 8.3 is
otherwise specified pursuant to Section 2.2.21 to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of such Series on the 91st day after the
date of the deposit referred to below, and the provisions of this Indenture, as it relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, at Company Request,
execute proper instruments acknowledging the same), except as to: 
  
 (a) the rights of Holders of Securities of such Series to receive, from the trust funds described below, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities
of such Series on the Stated Maturity of such principal or installment of 

 
principal or interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such
payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series; 
  
 (b) the provisions of Sections 2.5, 2.7, 2.8, 2.11, 4.17 and this Article 8; and 
  
 (c) the rights, powers, trust and immunities of the Trustee
hereunder; 
  
 provided that, the following
conditions shall have been satisfied: 
  
 (i) the
Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Securities of such Series, (A) in the case of Securities of such Series denominated in Dollars, U.S. Government Obligations, or any combination
thereof, or (B) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money, Foreign Government Obligations, or a combination thereof, in each case, in such amounts as will be sufficient, in
the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest on such Securities on the stated date for payment thereof or on the Redemption Date of such principal or
installment of principal of, premium, if any, or interest on Securities of such Series; 
  
 (ii) no Default or Event of Default shall have occurred with respect to such Series and be continuing on the date of such deposit or
insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of deposit; and 
  
 (iii) such defeasance shall not result in a breach or violation of, or constitute a default under this
Indenture or any other material agreement or instrument to which the Company or any of its Restricted Subsidiaries is a party or by which the Company or any of its Restricted Subsidiaries is bound. 
  
 (t) Section 8.4 of the Indenture is hereby eliminated in its entirety and
replaced with the words: “Section 8.4. Covenant Defeasance.  
  
 Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.21 to be inapplicable to Securities of any Series, on and after the 91st day after the date of the deposit referred to in subparagraph (a)
hereof, the Company may omit to comply with any term, provision or condition set forth under Sections 4.2, 4.3, 4.5, 4.6, 4.7, 4.8, 4.9, 

 
4.10, 4.11, 4.12, 4.13, 4.14, 4.15 and 4.16 and Articles 5, 10, 11 and 12 (and the failure to comply with any such covenants shall not constitute a Default
or Event of Default under Section 6.1) with respect to the Securities of such Series, provided that the following conditions shall have been satisfied: 
  
 (a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the Securities of such Series, (A)
in the case of Securities of such Series denominated in Dollars, U.S. Government Obligations, or any combination thereof, or (B) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money,
Foreign Government Obligations, or a combination thereof, in each case, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest
on such Securities on the stated date for payment thereof or on the Redemption Date of such principal or installment of principal of, premium, if any, or interest on Securities of such Series; 
  
 (b) the Company shall have delivered to the Trustee an
opinion of Counsel in the United States confirming that the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of the defeasance contemplated by this Section 8.4 and will be
subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such defeasance had not occurred; 
  
 (c) no Default or Event of Default shall have occurred with respect to such Series and be continuing on the date of such deposit or
insofar as Events of Default from bankruptcy or insolvency events are concerned, at any time in the period ending on the 91st day after the date of deposit; and 
  
 (d) such defeasance shall not result in a breach or violation of, or constitute a default under this
Indenture or any other material agreement or instrument to which the Company or any of its Restricted Subsidiaries is a party or by which the Company or any of its Restricted Subsidiaries is bound. 
  
 ARTICLE 3 
  
 Section 3.01 Except as specifically modified herein, the Indenture is in all respects ratified and confirmed and shall
remain in full force and effect in accordance with its terms. 
  
 Section 3.02 Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed or shall be construed to be assumed by the 

 
Trustee by reason of this Seventeenth Supplemental Indenture. This Seventeenth Supplemental Indenture is executed and accepted by the Trustee subject to all
the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect to this Seventeenth Supplemental Indenture.

  
 Section 3.03 The Trustee shall not be responsible in any
manner whatsoever for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and the Subsidiary Guarantors. The Trustee makes no representations as to the validity or sufficiency of this Seventeenth
Supplemental Indenture. 
  
 Section 3.04 THIS SEVENTEENTH
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND
RULES 327(b). EACH OF THE COMPANY AND THE SUBSIDIARY GUARANTORS HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF
MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE AND THE SECURITIES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY,
JURISDICTION OF THE AFORESAID COURTS. EACH OF THE COMPANY AND THE SUBSIDIARY GUARANTORS IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE TRUSTEE
OR ANY SECURITYHOLDER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE COMPANY AND THE SUBSIDIARY GUARANTORS IN ANY OTHER JURISDICTION. 
  
 Section 3.05 The parties may sign any number of copies of this Seventeenth
Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement. 

 Section 3.06 All capitalized terms used in this Seventeenth Supplemental Indenture which are not
otherwise defined herein, shall have the respective meanings specified in the Indenture, unless the context otherwise requires. 
  
 Section 3.07 This Seventeenth Supplemental Indenture shall become effective upon the signing hereof and operative only upon the acceptance by the Company
of, and payment for, 8 3/8% Notes that are properly tendered and not withdrawn pursuant to the Tender Offer.

 IN WITNESS WHEREOF, the parties to this Seventeenth Supplemental Indenture have caused this Seventeenth
Supplemental Indenture to be duly executed, all as of the date first written above. 
  

			
	COMPANY
	
	 HOST MARRIOTT, L.P., a Delaware limited partnership

		
	 BY:
	 	 HOST MARRIOTT CORPORATION,

	 	 	 its general partner

		
	 By:
	 	 /s/ LARRY K. HARVEY

	 Name:
	 	 Larry K. Harvey

	 Title:
	 	 Senior Vice President and Corporate Controller

  
 SUBSIDIARY
GUARANTORS 
  

					
	 	 	 AIRPORT HOTELS LLC,
	 	 
	 	 	 HOST OF BOSTON, LTD.,
	 	 
	 	 	 BY: AIRPORT HOTELS LLC,
	 	 
	 	 	 HOST OF HOUSTON, LTD.,
	 	 
	 	 	 BY: AIRPORT HOTELS LLC
	 	 
	 	 	 HOST OF HOUSTON 1979,
	 	 
	 	 	 BY: AIRPORT HOTELS LLC
	 	 
	 	 	 BY: HOST OF HOUSTON, LTD.
	 	 
	 	 	         BY: AIRPORT HOTELS LLC
	 	 
	 	 	 CHESAPEAKE FINANCIAL SERVICES LLC,

	 	 	 HMC RETIREMENT PROPERTIES, L.P.,

	 	 	 BY: DURBIN LLC
	 	 
	 	 	 HMH MARINA LLC,
	 	 
	 	 	 FARRELL’S ICE CREAM PARLOUR RESTAURANTS LLC,

	 	 	 HMC ATLANTA LLC,
	 	 
	 	 	 HMC BCR HOLDINGS LLC,
	 	 
	 	 	 HMC BURLINGAME LLC,
	 	 
	 	 	 HMC CAPITAL LLC,
	 	 
	 	 	 HMC CAPITAL RESOURCES LLC,
	 	 
	 	 	 HMC PARK RIDGE LLC,
	 	 
	 	 	 HOST PARK RIDGE LLC,
	 	 
	 	 	 HMC SUITES LLC,
	 	 

					
	 	 	 HMC SUITES LIMITED PARTNERSHIP,
	 	 
	 	 	 BY: HMC SUITES LLC,
	 	 
	 	 	 PRM LLC,
	 	 
	 	 	 WELLSFORD-PARK RIDGE HMC HOTEL LIMITED PARTNERSHIP,

	 	 	 BY: HOST PARK RIDGE LLC,
	 	 
	 	 	 YBG ASSOCIATES LLC,
	 	 
	 	 	 HMC CHICAGO LLC,
	 	 
	 	 	 HMC DESERT LLC,
	 	 
	 	 	 HMC PALM DESERT LLC,
	 	 
	 	 	 HMC DIVERSIFIED LLC,
	 	 
	 	 	 HMC EAST SIDE LLC,
	 	 
	 	 	 EAST SIDE HOTEL ASSOCIATES, L.P.
	 	 
	 	 	     BY: HMC EAST SIDE LLC
	 	 
	 	 	 HMC EAST SIDE II LLC,
	 	 
	 	 	 HMC GATEWAY LLC,
	 	 
	 	 	 HMC GRAND LLC,
	 	 
	 	 	 HMC HANOVER LLC,
	 	 
	 	 	 HMC HARTFORD LLC,
	 	 
	 	 	 HMC HOTEL DEVELOPMENT LLC,
	 	 
	 	 	 HMC HPP LLC,
	 	 
	 	 	 HMC IHP HOLDINGS LLC,
	 	 
	 	 	 HMC MANHATTAN BEACH LLC,
	 	 
	 	 	 HMC MARKET STREET LLC,
	 	 
	 	 	 NEW MARKET STREET LP,
	 	 
	 	 	     BY: HMC MARKET STREET LLC
	 	 
	 	 	 HMC GEORGIA LLC,
	 	 
	 	 	 HMC MEXPARK LLC,
	 	 
	 	 	 HMC POLANCO LLC,
	 	 
	 	 	 HMC NGL LLC,
	 	 
	 	 	 HMC OLS I L.P.,
	 	 
	 	 	     BY: HMC OLS I LLC
	 	 
	 	 	 HMC OP BN LLC,
	 	 
	 	 	 HMC PACIFIC GATEWAY LLC,
	 	 
	 	 	 HMC PLP LLC,
	 	 
	 	 	 CHESAPEAKE HOTEL LIMITED PARTNERSHIP,

	 	 	     BY: HMC PLP LLC
	 	 
	 	 	 HMC POTOMAC LLC,
	 	 
	 	 	 HMC PROPERTIES I LLC,
	 	 
	 	 	 HMC PROPERTIES II LLC,
	 	 
	 	 	 HMC SBM TWO LLC,
	 	 
	 	 	 HMC SEATTLE LLC,
	 	 
	 	 	 HMC SFO LLC,
	 	 
	 	 	 HMC SWISS HOLDINGS LLC,
	 	 

					
	 	 	 HMH GENERAL PARTNER HOLDINGS LLC,

	 	 	 HMH NORFOLK LLC,
	 	 
	 	 	 HMH NORFOLK, L.P.,
	 	 
	 	 	     BY: HMH NORFOLK LLC
	 	 
	 	 	 HMH PENTAGON LLC,
	 	 
	 	 	 HMH RESTAURANTS LLC,
	 	 
	 	 	 HMH RIVERS LLC,
	 	 
	 	 	 HMH RIVERS, L.P.,
	 	 
	 	 	     BY: HMH RIVERS LLC
	 	 
	 	 	 HMH WTC LLC,
	 	 
	 	 	 HOST LA JOLLA LLC,
	 	 
	 	 	 CITY CENTER HOTEL LIMITED PARTNERSHIP,

	 	 	     BY: HOST LA JOLLA LLC
	 	 
	 	 	 TIMES SQUARE LLC,
	 	 
	 	 	 IVY STREET LLC,
	 	 
	 	 	 MARKET STREET HOST LLC,
	 	 
	 	 	 PHILADELPHIA AIRPORT HOTEL LLC,
	 	 
	 	 	 PM FINANCIAL LLC,
	 	 
	 	 	 PM FINANCIAL LP,
	 	 
	 	 	     BY: PM FINANCIAL LLC
	 	 
	 	 	 HMC PROPERTY LEASING LLC,
	 	 
	 	 	 HMC HOST RESTAURANTS LLC,
	 	 
	 	 	 SANTA CLARA HMC LLC,
	 	 
	 	 	 S.D. HOTELS LLC,
	 	 
	 	 	 TIMES SQUARE GP LLC,
	 	 
	 	 	 DURBIN LLC,
	 	 
	 	 	 HMC HT LLC,
	 	 
	 	 	 HMC JWDC LLC,
	 	 
	 	 	 HMC OLS I LLC,
	 	 
	 	 	 HMC OLS II L.P.,
	 	 
	 	 	     BY: HMC OLS I LLC
	 	 
	 	 	 HMT LESSEE PARENT LLC,
	 	 
	 	 	 HMC/INTERSTATE MANHATTAN BEACH, L.P.,

	 	 	     BY: HMC MANHATTAN BEACH LLC
	 	 
	 	 	 AMELIATEL,
	 	 
	 	 	     BY: HMC AMELIA I LLC,
	 	 
	 	 	     BY: HMC AMELIA II LLC,
	 	 
	 	 	 HMC AMELIA I LLC,
	 	 
	 	 	 HMC AMELIA II LLC,
	 	 
	 	 	 ROCKLEDGE HOTEL LLC,
	 	 
	 	 	 FERNWOOD HOTEL LLC,
	 	 
	 	 	 HMC COPLEY LLC,
	 	 
	 	 	 HMC HEADHOUSE FUNDING LLC,
	 	 
	 	 	 IVY STREET HOPEWELL LLC,
	 	 

					
	 	 	 HMC DIVERSIFIED AMERICAN HOTELS, L.P.,

	 	 	                     BY: HMC
DIVERSIFIED LLC,

	 	 	 POTOMAC HOTEL LIMITED PARTNERSHIP,

	 	 	         BY: HMC POTOMAC LLC
	 	 
	 	 	 HMC AP GP LLC,
	 	 
	 	 	 HMC AP LP,
	 	 
	 	 	         BY: HMC AP GP LLC
	 	 
	 	 	 HMC AP CANADA COMPANY,
	 	 
	 	 	 HMC TORONTO AIRPORT GP LLC,
	 	 
	 	 	 HMC TORONTO AIRPORT LP,
	 	 
	 	 	         BY: HMC TORONTO AIRPORT GP LLC

	 	 	 HMC TORONTO EC GP LLC,
	 	 
	 	 	 HMC TORONTO EC LP,
	 	 
	 	 	         BY: HMC TORONTO EC GP LLC
	 	 
	 	 	 HMC CHARLOTTE GP LLC,
	 	 
	 	 	 HMC CHARLOTTE LP,
	 	 
	 	 	         BY: HMC CHARLOTTE GP LLC
	 	 
	 	 	 HMC CHARLOTTE (CALGARY) COMPANY,

	 	 	 CALGARY CHARLOTTE PARTNERSHIP,

	 	 	         BY: HMC CHARLOTTE (CALGARY) COMPANY

	 	 	         BY: HMC GRACE (CALGARY) COMPANY

	 	 	 CALGARY CHARLOTTE HOLDINGS COMPANY,

	 	 	 HMC GRACE (CALGARY) COMPANY,
	 	 
	 	 	 HMC MAUI LLC,
	 	 
	 	 	 HMC KEA LANI LLC,
	 	 
	 	 	 HMC CHICAGO LAKEFRONT LLC,
	 	 
	 	 	 HMC LENOX LLC.
	 	 

  

			
	 By:
	 	 /s/ LARRY K. HARVEY

	 Name:
	 	 Larry K. Harvey

	 Title:
	 	 Vice President of the Subsidiary Guarantors

	 	 	 (or where applicable, of the general partner

	 	 	 of the Subsidiary Guarantors)

			
	TRUSTEE
	
	 THE BANK OF NEW YORK,

	 as Trustee

		
	 By:
	 	 /s/ GEOVANNI BARRIS

	 Name:
	 	 Geovanni Barris

	 Title:
	 	 Vice PresidentLong Term Supply Agreement

 Exhibit 10.1 
  
 Confidential Treatment Requested 
  
 3/21/2005 
  
 LONG TERM SUPPLY AGREEMENT 
  
 BETWEEN 
  
 ACTIVE POWER, INC. 
  
 AND 
  
 GE ZENITH
CONTROLS, INC. 
  

 1 

 LONG TERM SUPPLY AGREEMENT 
  
 This Long Term Supply Agreement (“Agreement”), made and entered into this day of March 16, 2005, between Active
Power, Inc, a Delaware corporation, with offices at 2128 West Braker, Austin, Texas 78758, hereinafter referred to as “Active Power” and GE Zenith Controls, Inc., a Delaware corporation, (and a wholly owned subsidiary of General Electric
Company a/k/a GE) with offices at 830 West 40th Street, Chicago, IL 60609, hereinafter referred to as “GE
Zenith”. 
  
 WITNESSETH: 
  
 Whereas, Active Power is a user/reseller of, Uninterruptible Power Supplies
and related accessories, hereinafter “Products” and desires to purchase Products from GE Zenith and Whereas, GE Zenith is a producer of said Products that Active Power desires and is willing to produce and sell the same to Active Power
upon the terms and conditions hereinafter stated. 
  
 NOW,
THEREFORE, the parties agree as follows: 
  
 Section 1. Term

  

	1.1	Initial Term & Renewal: The initial term of this Agreement shall be four years from March 16, 2005, the “Effective Date” and to December 31, 2009. Price will be
re-negotiated every October beginning October 2006, effective Jan 1st of the following year. The initial term shall
be automatically renewed for one (1) year terms unless either party shall give written notice to the contrary not less than six (6) months prior to what would otherwise be the termination date of this agreement. 

  
 Section 2. Quantities, Ordering, and Shipment 
  

	2.1	Quantities: There are no specific or minimum quantities of Products required to be ordered by Active Power under this Agreement. 

  

	2.2	Ordering: The ordering of Products by Active Power from GE Zenith shall be made through Active Power purchase orders. Expected lead times as shown in Exhibit C – Delivery Lead
Times. 

  

	2.3	Shipment: GE Factory Prepaid and Add. GE Zenith shall notify the designated Active Power contact if any product will not be shipped on the date required by Active Power and
anticipated reason for late shipments or failure to ship. Such notification shall be made via e-mail at least 10 working days prior to the originally expected ship date, as practical. 

  

 2 

	2.4	Cancellation: Active Power may cancel any Purchase Order that is scheduled for delivery in twenty (20) days or greater, by giving GE Zenith at least ten (10) business days written
notice. In the event of cancellation, Active Power’s liability shall be limited to cancellation charges based on costs for material and labor already added to product that is unique to Active Power configurations. For units 300 kVA and above,
15% cancellation charges apply. 

  

	2.5	Reschedules: Active Power may reschedule the delivery of any Purchase Order in fifteen (15) days or greater of delivery dates by giving GE Zenith at least five (5) business days
written notice. Reschedules may not extend original delivery dates more than ninety (90) days. 

  
 Section 3. Pricing and Payment 
  

	3.1	Prices for Uninterruptible Power Supplies and Accessories are in Exhibit A. Price List. 

  

	3.2	Prices are firm for the initial two-year term through December 31, 2006 as contained in the attached price lists, which hereafter is called the reference base period. During the
first two-year period, prices may be adjusted with 90-day notice, if the value of a special index, which is described in Attachment #3, increases by more than 10% from the effective date of this contract. 

  

	3.3	“Invoice Price” will be the annual contractually agreed upon price in effect for the item at time of order placement. 

  

	3.4	Payment terms will be net 45 days from date of Shipment with Shipment made FOB GE Factory, Bonham, TX. Standard GE terms and conditions of sale apply and attached in Attachment
#2. 

  
 Section 4. Warranty and Product
Safety Approvals 
  

	4.1	GE Zenith will supply Active Power with an 18 – month Parts and Labor warranty from shipment, or 12 month from startup; whichever occurs first. GE Zenith’s standard
warranty and responsibility, as defined in GE Zenith’s Order Acknowledgement, shall apply to Active Power’s customers and users of said product. 

  

	4.2	See Attachment #2. 

  

	4.3	The UPS is designed, manufactured and tested in accordance with the applicable portions of standards listed in Exhibit B – Product Safety Approvals 

  

	4.4	Warranty Service shall be provided by an Active Power Certified technical Support Engineer or one of Active Power’s Qualified Service & Support Vendors for GE Zenith
Products 

  

 3 

 sold by Active Power. GE Zenith shall reimburse Active Power for the agreed upon expenses for labor,
travel and other costs associated with a warranty repair. GE Zenith will provide a reimbursement schedule for warranty items. Only one warranty repair allowed per unit unless authorized by GE Zenith. GE Zenith shall reimburse Active Power for any
part consumed on a warranty related repair. Active Power may contact GE Zenith to supply any warranty repair or service under the standard GE Zenith product warranty. Active Power or any one of Active Power’s Qualified Service & Support
Vendors will only perform service on GE Zenith Units sold by Active Power unless otherwise authorized by GE. This same condition applies to GE Zenith if Active Power hires GE to service Active Power units. 
  

	4.5	Product Service Training: GE Zenith shall provide at its cost the first service training class on products sold by Active Power. The class shall be limited to 8 service and training
personnel from Active Power’s corporate head quarters. Class shall include all manuals and software and special tools to commission, maintain and service GE Zenith Products sold by Active Power. Travel and lodging expenses for the trainees
shall be at the expense of Active Power. Any additional training classes provided by GE Zenith shall be billable at the prevailing or normal class rate. GE Zenith is responsible for ensuring that the course content achieves the goals of training
Active Power’s personnel in the ability to properly inspect the installation of, perform the commissioning of, perform the routine maintenance of and supply emergency diagnostic and repair of GE Zenith products sold by Active Power.

  
 Section 5. Confidentiality/Non-Disclosure
Agreement 
  

	5.1	See Attachment #1. 

  
 Section 6. Termination 
  

	6.1	A party shall have the right to terminate this Agreement with immediate effect by notice in writing to the other party without any further liability: If the other party shall at any
time (a) Be adjudged bankrupt or insolvent; (b) Make any assignment for the benefit of its creditors; or, (c) Voluntarily liquidate; if a receiver or other equivalent officer is appointed by any court or governmental authority or any third party to
administer or liquidate the other party; or in the event of dissolution proceedings by or against the other party. 

  

	6.2	After the first twelve (12) months, a party shall have the right to terminate this Agreement with twelve (12) months notice in writing to the other party without further liability:
(a) If the other party defaults in the performance of any provision of this Agreement (except payment) 

  

 4 

 and continues in default thereof for thirty (30) days after notice to such other party of the default;
or, (b) If, with respect to payment, Active Power fails to make payment to GE Zenith within the time provided herein and the failure continues for sixty (60) days after receipt of written demand for payment. 
  
 Section 7. Non-Performance 
  

	7.1	Neither party hereto shall be liable to the other for failure to perform its obligations under this Agreement, in whole or in part, when performance is prevented by flood, drought,
fire or any other casualty, war, riot, insurrection, acts of God, restrictions or interferences by any government or governmental agency, strike, work stoppage or slowdown, or other similar causes beyond the control of the party so failing to
perform. 

  
 Section 8. Assignment

  

	8.1	Neither party hereto shall have the right to assign any of its rights and obligations under this Agreement to any other person, firm or corporation without written consent of the
other party, such written consent shall not be unreasonably withheld. 

  
 Section 9. Notices 
  

	9.1	Any notice that either party desires or is required under this Agreement to give to the other shall be in writing, either delivered personally or sent by registered air mail or
email, addressed, as appropriate to the UPS General Manager or GM Sales -GE Zenith or to the respective addresses set forth on the first page hereof, or at any other address that either party designates by the means herein prescribed for giving
notice. 

  
 Section 10. Invalid Provision

  

	10.1	The decision of any court of law or other governmental authority invalidating any portion of this Agreement shall not affect the validity of any remaining portion. The remaining
portion shall remain in full force and effect as if the invalid portion were not a part of this Agreement when it was executed. In the event that the severance of any portion of this Agreement affects a material right or obligation of a party, the
party may, by notice in writing, terminate this Agreement upon twelve-months notice. 

  

 5 

 Section 11. Waiver 
  

	11.1	The failure of either party to enforce at any time any of the provisions, rights or elections provided in this Agreement, irrespective of any previous action or proceeding taken by
it, shall in no way be considered a waiver for those or any other provisions, rights, or elections. 

  
 Section 12. Attachments Part of the Agreement 
  

	12.1	Exhibit A, B, C, C1, C2, C3 Attachment 1 - 3 hereto shall form an integral part of this Agreement as though set forth in their entirety in the Agreement. In the event of a conflict
between the numbered sections of this Agreement and the attachments, the provisions of the sections shall prevail. 

  
 Section 13. Amendments 
  

	13.1	This Agreement may only be amended by the execution of a written instrument executed by duly authorized representatives of both parties. 

  
 Section 14. Headings 
  

	14.1	The headings of this Agreement are inserted solely for the purpose of convenience of reference and are in no manner to be construed as part of this Agreement.

  
 Section 15. Applicable Law 
  

	15.1	This Agreement has been entered into the State of Illinois and shall be governed and construed in accordance with the laws of the State of Illinois, USA. 

 
 Section 16. Relationship of the Parties 
  

	16.1	Nothing contained in the Agreement shall be deemed: (a) To constitute either party, or any employee, agent or representative of either party, as an employee, agent or representative
of the other party; (b) To create any partnership, joint venture, association or syndicate between the parties; or, (c) To confer with any express or implied right, power or authority to enter into any Agreement or commitment, express or implied, or
to incur any obligation or liability on behalf of the other party. 

  
 Section 17. Entire Agreement 
  

	17.1	 This Agreement constitutes the entire Agreement and understanding between the parties as to the subject matter of this Agreement. No representations, warranties, or
promises have been 

  

 6 

 made that are not fully set forth herein. As of the Effective Date, this Agreement replaces any and all
previous Agreements between GE Zenith Controls, Inc. and Active Power. It is the intention of both parties that we continue to grow and develop our relationship to optimize the use of the capabilities of both parties and minimize the inefficiencies
in all aspects of our business relationship. 
  
 Section 18.
Signatures 
  
 In witness whereof, the parties have executed
this Agreement by their duly authorized officers as of day and year set forth on the first page. 
  

							
	Attest:           Active Power, Inc.	  	 	 	GE Zenith Controls, Inc.
				
	By:	 	 /s/ Sriram Sivaram

	  	 	 	 /s/ Tom Duffy

	 	 	Sriram Sivaram	  	 	 	Tom Duffy
	 	 	Vice President, Sales & Marketing	  	 	 	GM Sales
	 	 	Active Power, Inc.	  	 	 	GE Zenith Controls, Inc.
	 	 	 	  	 	 	General Electric Company

  

 7 

 ATTACHMENT #1 - CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT 
  
 In consideration of the disclosure of proprietary information by Active
Power, Inc., (hereinafter “Active Power”), 2128 West Braker, Austin, TX 78758, and GE Zenith Controls, Inc. (hereinafter “GE Zenith”), 830 West 40th Street, Chicago, IL 60609 to each other, which information relates to present and prospective business relations between Active Power and GE Zenith. Such
information includes data relating to disclosing party’s products, product development, manufacturing processes, product designs, materials and technology and/or other information not generally available to the public which is disclosed to or
acquired by the non-disclosing party, from the disclosing party (hereinafter collectively “Proprietary Information”), the parties agree as follows: 
  

	1.	Proprietary Information disclosed by either party to the other hereunder may be in written form or it may be electronically, orally or visually presented. If in written form, it
shall be identified as Proprietary Information by an appropriate legend indicating its proprietary or confidential nature. If disclosed electronically, orally or visually, it shall be identified by the disclosing party as proprietary Information at
the time of disclosure and shall be confirmed as such by written summary mailed to the receiving party within thirty (30) days of the original disclosure. 

  

	2.	Proprietary Information disclosed by either party to the other hereunder shall be used by the receiving party solely in connection with the Long Term Supply Agreement by and between
Active Power and GE Zenith for Uninterruptible Power Supplies, and related Supply Accessories (hereinafter “Products”). The parties agree for a period of four (4) years equal to the LTSA agreement: 

  

	 	(A)	Not to disclose any Proprietary Information to any third party, exercising the same degree of care with regard to the protection of Proprietary Information as it uses in protecting
and preserving its own confidential and proprietary information; and 

  

	 	(B)	To restrict the dissemination of Proprietary Information to only those employees and affiliates who have a need to know such information in the performance of their duties related
to the purpose of this Agreement. 

  

	3.	The obligations of each party as set forth in this Agreement shall not apply to any information which: 

  

	 	(A)	Has become generally available in the public domain without breach of this Agreement; 

  

	 	(B)	The receiving party can establish by written documentation was in its possession prior to disclosure pursuant to this Agreement; 

  

	 	(C)	The receiving party can establish by written documentation was independently developed; 

  

	 	(D)	The disclosing party has disclosed to a third party without restriction; 

  

	 	(E)	The receiving party has received from a third party who is properly in possession thereof and who has not received the same through an agreement with the other party to maintain
such information in confidence; or 

  

	 	(F)	The receiving party is compelled to release by law or in the course of litigation by a third party, provided that the receiving party provides the disclosing party with notice of
such compulsion sufficiently in advance of disclosure so as to provide the disclosing party a reasonable time period to seek a protective order. 

  

	4.	No rights are granted hereby except as expressly stated nor are any licenses under any patents or copyrights granted or to be implied by this Agreement. Neither party’s
Proprietary Information may be copied except by express written permission of said party. 

  

	5.	There are no warranties expressed or implied by this Agreement. Without limiting the foregoing, neither party nor their licensors make any representations nor extend any warranties,
express or implied, as to the adequacy or accuracy of Proprietary Information or any other information or data related thereto, or with respect to the use thereof by the other party. 

  

	6.	In no event, whether as a result of breach of contract, breach of warranty, tort (including negligence) or otherwise, shall either party or their licensors be liable for any loss or
damage arising out of the other party’s use of Proprietary Information or any part thereof, and each party agrees to indemnify the other against any such liability. 

  

	7.	This Agreement shall be construed in accordance with the laws of the Illinois. 

  

	8.	This Agreement is effective when duly signed by both parties and shall terminate upon cancellation of the LTSA. The obligations of Paragraph 2 above shall survive termination. This
Agreement contains the entire agreement between the parties pertaining to the subject matter hereof. No change, modification, alteration or addition to any provision of this Agreement shall be binding unless in writing and signed by duly authorized
representatives of both parties. 

  
 IN WITNESS
WHEREOF, each party hereto has caused this Agreement to be executed by its duly authorized representative. 
  

							
	Active Power, Inc.	 	GE Zenith Controls, Inc. a Wholly Owned Subsidiary of GE
				
	Signature:	 	 /s/ Sriram Sivaram

	 	Signature:	 	 /s/ Thomas P. Duffy

	Name & Title:	 	VP of Sales and Marketing	 	Name & Title:	 	General Manager of Sales
	Date:	 	3/17/2005	 	Date:	 	3/16/2005

  
  

 8 

			
	 ATTACHMENT #2
	 	PROJECT TERMS AND CONDITIONS

  
 The
sale of any service and products, and the integration thereof, ordered by the Customer is expressly conditioned upon the terms and conditions contained or referenced herein. Terms and conditions included in the GE Industrial Systems (herein called
GE) proposal, where not in conflict with the terms included herein, shall be incorporated by reference. Any additional or different terms and conditions set forth in the Customer’s purchase order or similar communication are expressly objected
to and will not be binding upon GE unless specifically agreed to in writing by an authorized GE employee. 
  

	1.	DEFINITIONS 

  
 PROJECT shall be defined as the sale of products and services, and may incorporate any one or more of the following: 
  

	A.	INSTALLATION/ MAINTENANCE/ CONSTRUCTION: Any combination of planning, management, labor, tools and incidental goods to move, install, assemble, modify, repair, modernize, start-up
and/or maintain products. 

  

	B.	FIELD ENGINEERING: Engineering and technical guidance, advice and counsel based upon GE’s current engineering, manufacturing, installation and operating practices, as related
to work performed by others. 

  

	C.	JOB MANAGEMENT: Any combination of planning, scheduling, monitoring or selection of crews, as specified in the contract documents. 

  

	D.	ENGINEERING STUDY/ INSPECTION/ TEST: System design and analysis of equipment or systems by competent, experienced personnel using special techniques, instruments or devices with the
objective of reporting opinions or recommendations relating to the current condition and future serviceability of the equipment or system. 

  

	2.	WARRANTY 

  
 GE warrants to Customer that products and any services furnished hereunder will be free from defects in material, workmanship and title
and will be of the kind and quality specified in the GE written quotation. The foregoing shall apply only to failures to meet said warranties (excluding any defects in title) which appear within one (1) year from installation or eighteen (18) months
from the date of shipment, whichever occurs first; provided, however, that if Customer, in the course of its regular and usual business, transfers title to or leases such products (including equipment incorporating such products) to a third party,
such period shall run until one (1) year from such transfer or lease or eighteen (18) months from shipment by GE, whichever occurs first. 
  
 GE warrants that ENGINEERING STUDY/ INSPECTION/ TEST performed pursuant this agreement shall be prepared in a professionally competent
manner, however, GE does not assume responsibility for specific operating results, nor for achieving desired objectives. This warranty applies only to failures which appear within one year from the date services are furnished, provided that Customer
promptly notifies GE in writing of such failure. GE shall reperform any such defective portion of the services provided. If reperformance is not practicable, GE will furnish, without charge, services in an amount essentially equal to those that, in
GE’s judgment, would have been required for reperformance of the defective service. 
  
 In no case does this warranty apply to any failure or nonconformance with specifications caused by or attributable to any associated or
complementary products not supplied under this contract, nor shall it in any case apply to the quantity or quality of the product of Customer or the process of manufacture on which the products are used. The warranty and remedies are conditioned
upon (a) proper storage, installation, use and maintenance, and conformance with any applicable recommendations of GE, and (b) Customer promptly notifying GE of any defects and, if required, promptly making the product available for correction.

  
 If any product or service fails to meet the
foregoing warranties (except title), GE shall thereupon correct any such failure either, at its option, (i) by repairing any defective or damaged part or parts of the products, and/or reperforming any defective service, or (ii) by making available,
F.O.B. the GE plant or other mutually agreed upon point of shipment, any necessary repaired or replacement parts. If reperformance is not practicable, GE will furnish without charge services in an amount essentially equal to those that, in the sole
judgment of GE, would have been required for reperformance. Where a failure cannot be corrected by GE’s reasonable efforts, the parties will negotiate an equitable adjustment in price. 
  
 In providing products or renewal parts, GE reserves the
right to use refurbished circuit boards, which shall be warranted in accordance with this article. GE does not warrant computer hardware, software or products and services obtained from others but only the warranty of the manufacturer shall apply.
GE’s obligation under this warranty shall terminate immediately upon any modification of products or software by Customer unless made with the approval of GE. 
  
 THE PRECEDING PARAGRAPHS SET FORTH THE EXCLUSIVE REMEDIES FOR CLAIMS (EXCEPT AS TO TITLE) BASED ON DEFECT IN
OR FAILURE OF PRODUCTS OR SERVICES, WHETHER THE CLAIM IS IN CONTRACT, INDEMNITY, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE. Upon the expiration of the warranty period, all such liability shall terminate and Customer shall
have a reasonable time, not to exceed thirty (30) days after the warranty period, to give written notice of any defects that appeared during the warranty period. EXCEPT AS SET FORTH IN ARTICLE 3, “PATENTS” AND ARTICLE 4, “SOFTWARE
WARRANTY”, THE FOREGOING WARRANTIES ARE EXCLUSIVE AND IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL, IMPLIED OR STATUTORY. NO IMPLIED STATUTORY WARRANTY OF MERCHANTABILITY OR FITNESS FOR PARTICULAR PURPOSE SHALL APPLY. GE does not
warrant any products or services of others designated by Customer. 
  

	3.	PATENTS 

  
 Subject to the provisions of this Article, GE warrants that products, services, or products and services in combination, furnished under
this contract shall be delivered free of any rightful claim of any third party for infringement of any United States patent. If notified promptly in writing and given authority, information and assistance, and contingent upon Customer not taking any
position adverse to GE in connection with such claim, GE shall defend, or may settle at its expense, any suit or proceeding against Customer so far as based on a claimed infringement which would result in a breach of this warranty and GE shall pay
all damages and costs awarded therein against Customer due to such breach. In case any product, service or combination thereof is in such suit held to constitute such an infringement and the use of said product or service is enjoined, GE shall, at
its expense and option, either procure for Customer the right to continue using said product or service, or replace same with a non-infringing product or service, or modify same so it becomes non-infringing, or remove the product or halt the service
and refund the purchase price (less reasonable depreciation for any period of use) and any transportation costs separately paid by Customer. The foregoing states the entire liability of GE for patent infringement relating to products, services or
any combination thereof. 
  
 The preceding
paragraph shall not apply to any product or service specified by Customer or manufactured to Customer’s design, or to the use of any product in combination with products not provided by GE. 
  

	4.	SOFTWARE DEVELOPMENT WARRANTY 

  
 GE warrants that any software developed by GE under this contract shall conform to the GE-provided specification pertaining thereto at the
time of its shipment. For a period of ninety (90) days following shipment of software, GE will provide amendments or alterations to the software that may be required to correct significant errors present at the time of shipment. GE’s obligation
shall be limited, however, to assembling such amendments and/or alterations into a package, which includes code on the appropriate medium to enable Customer, at its expense, to implement said corrections. This warranty is contingent upon Customer
advising GE, in writing, of such errors within such period. 
  

 9 

 GE does not warrant that operation of the software shall be uninterrupted or error-free
or that it shall meet Customer’s needs. GE shall not be responsible for any portions of the software that have been modified by Customer, unless such changes are approved in writing by GE. Customer assumes the responsibility to take adequate
precautions against damages to its operations that could be caused by defects, interruptions or malfunctions in the services performed by GE. Any work performed by GE due to difficulties or defects traceable to Customer errors or software changes
shall be billed to Customer at GE’s then-prevailing standard rates for such services. 
  

	5.	SOFTWARE 

  
 Unless subject to a separate license or agreement, any software furnished hereunder whether separate or incorporated with supplied
hardware, including any subsequent updates, is furnished under the following terms and conditions: 
  
 (a) The software, and any part thereof, is designed for use only on the type unit on which the software is first installed. 
  
 (b) No exclusivity of use of the software is transferred to
Customer. 
  
 (c) Software and documentation
copyrighted by GE shall not be copied in whole or in part, but additional copies of software and documentation in printed form may be obtained from GE or its representatives at GE’s then-standard charges, subject to applicable import and export
laws and regulations. Customer agrees that any copyright, proprietary, trade secret or similar notices appearing on and in software will be reproduced and included on and in any modifications and copies, in whole or in part, of software. 

 
 (d) The source code for software is not included unless
specifically listed as an item in the GE specification. 
  
 (e) On occasion, third party licensed software is provided. It will be identified as such and Customer will be required to complete any sublicense specified by the software licensor and provided by GE. 
  
 (f) If a separate software license agreement is required by
GE, Customer shall execute the software license agreement on or before installation, and the provisions of the separate software license agreement shall supersede the foregoing subparagraphs to the extent they are inconsistent with such license.

  

	6.	DELIVERY, TITLE AND RISK OF LOSS 

  
 Delivery dates are approximate and are based upon prompt receipt of all necessary information from Customer. Unless otherwise specified by
GE, title shall pass to the Customer when products are placed in the hands of a carrier at the point of shipment, or on a pro rata basis as services are performed. Risk of loss or damage shall be retained by GE until the products are delivered to
the Customer’s site, unless otherwise agreed upon by Customer and GE. 
  
 If any part of the products cannot be shipped when ready due to any cause referred to in Article 7 “Excusable Delays”, herein, GE may place such products in storage (which may be at the place of
manufacture). In such event, (i) GE shall notify Customer of the placement of any products in storage, (ii) GE’s delivery obligations shall be deemed fulfilled and title and all risk of loss or damage shall thereupon pass to Customer, (iii) any
amounts otherwise payable to GE upon delivery shall be payable upon presentation of GE’s invoices therefore and its certification as to such cause, (iv) promptly upon submission of GE’s invoices, Customer shall reimburse GE for all
expenses incurred by GE, such as preparation for and placement into storage, handling, storage, inspection, preservation and insurance, and (v) when conditions permit and upon payment of all amounts due hereunder, GE shall assist and cooperate with
Customer in any reasonable manner with respect to the removal of any products placed in storage. 
  

	7.	EXCUSABLE DELAYS 

  
 GE shall not be liable for delays in delivery or performance, or for failure to manufacture, deliver or perform, due to (i) a cause beyond
its reasonable control, or (ii) an act of God, act of Customer, prerequisite work by others, act of civil or military authority, Governmental priority, strike or other labor disturbance, flood, epidemic, war, riot, transportation delay or shortage,
or (iii) inability on account of a cause beyond the reasonable control of GE to obtain necessary materials, components, services or facilities. GE will notify Customer promptly of any material delay excused by this Article and will specify the
revised delivery date as soon as practicable. In the event of any such delay, there will be no termination and the date of delivery or of performance shall be extended for a period equal to the time lost by reason of the delay. In the event GE is
delayed by acts of the Customer or by prerequisite work by other contractors or suppliers of the Customer, GE shall be entitled to an equitable price adjustment in addition to an extension of the time of performance. 
  

	8.	PAYMENTS AND FINANCIAL CONDITIONS 

  
 Except as otherwise specified by GE in its quotation, pro rata payments shall become due as shipments are made. If GE agrees to delay
shipments after completion of any product, payment shall become due on the date when GE is prepared to make shipment. In the event of any such delay, title shall pass and products shall be held at Customer’s risk and expense. All payments shall
be made without set-off for claims arising out of other sales by GE. Unless otherwise agreed, payments shall be made by wire transfer upon receipt of invoice. 
  

Any order for products by Customer shall constitute a representation that Customer is solvent. In addition, upon GE’s request,
Customer will furnish a written representation concerning its solvency at any time prior to shipment. If Customer’s financial condition at any time does not, in the judgment of GE, justify continuance of the work to be performed by GE hereunder
on the agreed terms of payment, GE may require full or partial payment in advance or shall be entitled to terminate the contract and receive termination charges. In the event of Customer’s bankruptcy or insolvency or in the event any proceeding
is brought against Customer, voluntarily or involuntarily, under bankruptcy or insolvency laws, GE shall be entitled to cancel any order then outstanding at any time during the period allowed for filing claims against the estate and shall receive
reimbursement for its cancellation charges. GE’s rights under this Article are in addition to all rights available at law or in equity. 
  
 If Customer fails to fulfill any condition of its payment obligations, GE may (i) withhold deliveries and suspend performance, or (ii)
continue performance if GE deems it reasonable, or (iii) place products in storage pursuant to the provisions of Article 6 above. In any event, the costs incurred by GE as a result of Customer’s non-fulfillment shall be payable by Customer upon
submission of GE’s invoices. GE shall be entitled to an extension of time for performance of its obligations equaling the period of Customer’s non-fulfillment whether or not GE elects to suspend performance. If Customer does not rectify
such non-fulfillment promptly upon notice, GE may cancel the agreement and Customer shall pay GE cancellation charges upon submission of GE’s invoices therefor. 
  

	9.	DISCLOSURE OF INFORMATION 

  
 Any information, suggestions or ideas transmitted by Customer to GE in connection with performance hereunder are not to be regarded as
secret or submitted in confidence except as may be otherwise provided in a writing signed by a duly authorized GE employee. 
  

	10.	TAXES 

  
 In addition to any price specified herein, Customer shall pay, or reimburse GE for, the gross amount of any present or future sales, use,
excise, value-added, or other similar tax applicable to the price, sale or delivery of any products or services furnished hereunder or to their use by GE or Customer, or Customer shall furnish GE with evidence of exemption acceptable to the taxing
authorities. 
  

	11.	INDEMNITIES 

  
 Subject to the provisions of Article 12, “Limitations of Liability”, GE agrees to indemnify and save harmless Customer from and against any
loss, expense or claim asserted by third parties for damage to third party tangible property, or for bodily injury, or both, arising out of the performance of this agreement, to the extent such damage or injury is attributable to the negligence of
GE; provided that Customer gives GE prompt notice of any such 
  

 10 

 claim and all necessary information and assistance so that GE, at its option, may defend or settle such
claim and Customer does not take any adverse position in connection with such claim. In the event that any such damage or injury is caused by the joint or concurrent negligence of GE and Customer, the loss, expense or claim shall be borne by GE and
Customer in proportion to their negligence. 
  

	12.	LIMITATIONS OF LIABILITY 

  
 (a) Except as provided in Article 3, “Patents”, in no event, whether as a result of breach of contract, indemnity, warranty,
tort (including negligence), strict liability or otherwise, shall GE’s liability to Customer or its insurers for any loss or damage arising out of, or resulting from this agreement, or from the performance or breach thereof, or from the
products or services furnished hereunder, exceed the price of the specific product or service which gives rise to the claim, and except as to title, any such liability shall terminate upon the expiration of the warranty period specified in Article
2, “Warranty”. Any such claim of liability must be timely commenced in a court of competent jurisdiction in accordance with the applicable statute of limitations, but in no event later than one year from the termination of the warranty
period. 
  
 (b) In no event, whether as a result
of breach of contract, indemnity, warranty, tort (including negligence), strict liability or otherwise, shall GE be liable for any special, consequential, incidental or exemplary damages including, but not limited to, loss of profit or revenues,
loss of data, loss of use of the products or any associated equipment, damage to associated equipment, cost of capital, cost of substitute products, facilities, services or replacement power, downtime cost, or claims of customers of the Customer for
such damages. If the products or services being provided by GE will be furnished by the Customer to a third party by contract or otherwise or relate to a contract between the Customer and a third party, the Customer shall obtain from such third
party a provision affording GE the protection of this Article. 
  
 (c) In no event shall GE be liable for any loss or damage whatsoever arising from its failure to discover or repair latent defects or defects inherent in the design of products serviced (unless such discovery or
repair is normally discoverable by tests expressly specified in the scope of work under this contract) or caused by the use of products by the Customer against the advice of GE. If GE furnishes Customer with advice or other assistance which concerns
any product supplied hereunder or any system or equipment in which any such product may be installed and which is not required pursuant to this agreement, the furnishing of such advice or assistance will not subject GE to any liability, whether in
contract, indemnity, warranty, tort (including negligence), strict liability or otherwise. For the purposes of this Article, the term GE includes GE subcontractors and suppliers. 
  

	13.	CHANGES, DELETIONS AND EXTRA SERVICES 

  
 Customer may, by written Change Order, request changes within the general scope of any services provided. If any such change will result
in an increase or decrease in the cost or time required for the performance of any part of the project under this Agreement, there shall be an equitable adjustment to the contract price or in the time for performance, or both. GE shall not be
obligated to proceed with the changed or extra services until: (1) the value of such changes or extra services and the effect on the schedule of completion of the services have been agreed upon and (2) the Change Order has been signed by GE and
Customer. 
  
 Upon submittal of a written request
by the Customer to GE to perform extra services or to alter, add to, or deduct from the services provided, GE shall submit to the Customer a written estimate of any adjustment to the scope of services, the construction schedule, the contract price,
or any adjustments to the warranty or guarantee obligations or any other impacts which would result from the change. If the Customer elects to proceed with the changed services, Customer shall issue a Change Order to GE authorizing such adjustments
as agreed to by the Customer and GE. The price of any extra or change shall be determined in one or more of the following ways: (1) by mutually agreed firm lump sum price, or (2) by unit prices specified in the contract or agreed upon, or (3) by
cost and negotiated percentage of cost or fixed fee. 
  
 At any time and with prior consent of Customer in case of material changes, GE reserves the right to make changes in design, construction, arrangement or products; provided such changes do not result in any increase in the contract price or
time for performance or alter the performance guarantees or warranty obligations set forth herein. Customer shall not unreasonably withhold its consent in case of material changes. 
  

	14.	CONDITIONS AFFECTING THE SERVICES 

  
 Customer shall advise GE of the location and nature of any known unusual conditions which would affect the services, including but not
limited to, underground obstructions, unstable soil conditions and the suspected presence of hazardous materials that could not otherwise be discerned by GE during a visual inspection of the site. 
  
 GE shall be entitled to assume that any Site data furnished
by Customer is accurate and complete. GE shall promptly notify Customer of (1) any conditions at the Site which materially differ from those indicated in the information furnished by Customer, (2) any previously unknown physical conditions at the
Site of an unusual nature, not revealed by previous investigations and differing from those ordinarily encountered in the type of services provided for in this Agreement, (3) the suspected presence of any toxic substances, hazardous substances, or
hazardous wastes (as such terms may be defined in any federal, state or local statute, ordinance or regulations) which require special handling and/or disposal, or (4) the presence of archaeological remains. If such conditions cause an increase in
GE’s cost or time for performance of any part of this agreement, GE shall be entitled to an equitable adjustment in the contract price and an extension in the time for performance. 
  
 If suspected toxic substances, hazardous substances, or hazardous wastes are present at the Site, GE shall
not be obligated to commence or continue services until Customer causes such substances to be removed or remediated. GE shall be entitled to an appropriate equitable adjustment to the contract price and/or extension of the time for performance to
the extent GE’s performance is adversely impacted by the presence of such substances. 
  

	15.	INSURANCE 

  
 Subject to Article 11, “Indemnities” and Article 12, “Limitations of Liability”, GE shall maintain for its protection
such insurance in coverage and limits set forth below for claims which may arise out of or result from GE’s performance under the contract. Upon Customer request, GE will furnish a valid certificate of insurance. 
  

			
	 Coverage

	  	 Limits of Liability

	 Worker’s Compensation
	  	Statutory
		
	 Employer’s Liability
	  	$2,500,000
		
	 Comprehensive General Liability
	  	$2,500,000 Combined Single Limit per Occurrence
		
	 Comprehensive Automobile Liability
	  	$2,500,000 Combined Single Limit per Occurrence

  

	16.	RELEASE OF LIENS 

  
 Upon completion of the services and receipt of final payment for the services, including extras and changes, GE shall execute a release of
liens applicable to any and all work performed pursuant to this Contract, provided that Customer has paid all amounts due and owing to GE under the contract. 
  

	17.	DIAGNOSTIC SERVICES 

  
 Under these terms and conditions GE may, at its discretion, connect remotely to Customer’s equipment in order to facilitate start-up, warranty
services, and existing service contracts for equipment GE provided to Customer under a separate agreement. 

  

 11 

 GE and Customer agree that the existing business relationship between GE and Customer is adequate
consideration for the obligations of GE and Customer under this Agreement. During the Term of this Agreement, GE may use remote monitoring and diagnostic services through an internet or phone connection to Customer’s system allowing direct
access to the covered equipment. The intent is to provide the GE a view of signals, data and parameters that may be used to evaluate and assess equipment conditions so that appropriate actions can be recommended and implemented. To ensure system
security, Customer will control the level of connection access. 
  

	18.	GENERAL 

  
 Any products delivered by GE hereunder will be produced in compliance with the Fair Labor Standards Act of 1938, as amended and
applicable. GE will comply with applicable federal, state and local laws and regulations as of the date of this agreement which relate to (i) nonsegregated facilities and equal employment opportunity (including the seven paragraphs appearing in
Section 202 of Executive Order 11246, as amended), (ii) the Occupational Safety and Health Act of 1970 (OSHA), as amended, (iii) workers’ compensation, and (iii) the production in GE’s manufacturing facilities of products furnished
hereunder. Price, including delivery, will be equitably adjusted to compensate GE for the cost of compliance with any other laws or regulations. 
  
 Customer will not directly or indirectly solicit for employment nor offer employment to, nor accept from others services by, an employee
of GE during the performance of any services by said employee and for a period of one (1) year thereafter. 
  
 Any GE product or service provided hereunder shall be considered a “commercial item” as defined in FAR PART 2, 2.101 Definitions
and in accordance with FAR 52.244-6. If the reasonableness of the price cannot be established through the presence of adequate price competition or price elaboration, if cost or pricing data should be required for any other reason, or if the service
cannot be considered a “commercial item”, GE reserves the right to withdraw this proposal without penalty 
  
 Unless otherwise specified by GE, any quotation of GE shall expire thirty (30) days from the date of issuance and may be modified or
withdrawn at any time prior to the date of Customer’s order. 
  
 Customer may terminate an order only upon paying GE its termination charges determined in accordance with GE’s standard accounting practices upon submission of GE’s invoices therefor. The termination charge
will be equal to twenty-five percent (25%) of the net selling price, plus engineering and project management time expended at the published rate in effect, plus labor and materials at GE’s cost incurred. Termination of an order shall not
relieve either party of any obligation arising out of work performed prior to termination. 
  
 GE reserves the right to subcontract any of the work to one or more subcontractors. The delegation or assignment by either party of any or
all of its duties or rights hereunder without the other party’s prior written consent shall be void, except that GE may, without prior written consent of the Customer, assign this agreement to a successor in interest by merger, by operation of
law, by purchase, or otherwise, or to any entity at least 50% of whose stock or other equity interest is beneficially owned, directly or indirectly, by GE or any affiliate of GE. 
  
 Any representation, warranty, course of dealing or trade usage not contained or referenced herein will not
be binding on GE. These Project Terms and Conditions contain the entire and only agreement between the Customer and GE with respect to terms and conditions and supersede and cancel all previous negotiations, agreements, commitments, representations
and writings in respect thereto. The Project Terms and Conditions may not be amended, supplemented, changed or modified in any manner, orally or otherwise, except by an instrument in writing of concurrent or subsequent date, signed by a duly
authorized representative of each party. 
  
 The
validity, performance and all matters relating to the interpretation and effect of this agreement and any amendment hereto shall be governed by the law of the State of New York, excluding its conflict of law rules. The invalidity, in whole or part,
of any of the articles or paragraphs in these Project Terms and Conditions will not affect the remainder of such article or paragraph or any other article or paragraph. 
  
 The provisions of this agreement are for the benefit of the parties hereto and not for any other person
except as specifically provided herein. 
  

	19.	SITE ACCESS 

  
 Neither party shall require (i) waivers or releases of any personal rights or (ii) execution of documents which conflict with the terms of
this agreement, from employees, representatives or customers of the other in connection with visits to its premises and both parties agree that no such releases, waivers or documents shall be pleaded by them or third persons in any action or
proceeding. 
  

	20.	RIDER FOR NUCLEAR APPLICATIONS 

  
 Products and services sold hereunder are not to be used in connection with any nuclear facility or activity. For Nuclear Applications, the
provisions of GETC2003-Nuclear entitled “Rider for Nuclear Applications” shall apply. 
  

	21.	RIDER FOR EXPORT SALES 

  
 For export sales, the provisions of GETC2003-Export entitled “Rider for Export Sales” shall apply. 
  

	22.	RIDER FOR PCB SERVICES 

  
 For PCB Services, the provisions of GETC2003-PCB entitled “Supplemental Conditions for PCB Services” shall apply. 
  

 12 

 ATTACHMENT #3 – PRICE ESCALATION 
  
 [****] 
  

	**	Confidential treatment has been requested for the portions of this agreement marked by asterisks. Omitted material for which confidential treatment has been requested has been filed
separately with the Securities and Exchange Commission.** 

  

 13 

 Exhibit A – Price List  
  
 [****] 
  

	**	Confidential treatment has been requested for the portions of this agreement marked by asterisks. Omitted material for which confidential treatment has been requested has been filed
separately with the Securities and Exchange Commission.** 

  

 14 

 Exhibit B – Product Safety Approvals 
  
 The UPS shall be designed, manufactured and tested in accordance with the applicable portions of the following standards: 
  

	 	A.	UL 1778 - UPS Standard. 

  

	 	B.	NFPA 70 - National Electrical Code. 

  

	 	C.	IEEE 446 - Recommended Practice for Standby Power Systems. 

  

	 	D.	IEEE C62.41 - Recommended Practice for Surge Withstandability. 

  

	 	E.	NEMA PE 1 - Uninterruptible Power Systems. 

  

	 	F.	OSHA – Occupational Safety and Health Association 

  

	 	G.	FCC Class A (optional) 

  

 15 

 Exhibit C – Delivery Lead Times 
  
 [****] 
  

	**	Confidential treatment has been requested for the portions of this agreement marked by asterisks. Omitted material for which confidential treatment has been requested has been filed
separately with the Securities and Exchange Commission.** 

  

 16 

 Exhibit C1 – GE Factory and Service Locations 
  
 For the purposes of this agreement, the GE Ex-Works location for shipping UPS products will
be the following GE facility: 
  
 GE Consumer & Industrial 
 2501 Pecan Street 
 Bonham, Texas 75418 
  
 For purposes of this agreement, the GE headquarter location for UPS service will be the
following GE facility: 
  
 GE Consumer & Industrial 
 2500 Discovery Blvd. 
 Rockwall, Texas 75032 
  

 17 

 Exhibit C2 – Service and Warranty Support Process 
  
 All service and warranty support calls should be made to our 7x24 call center number.
 
  

 18 

 Exhibit C3 – GE Contact and Escalation Process 
  
 The following are the key GE Contacts: 
  
 Commercial/Sales 
  
 Sales Manager (West) 
 Sales Manager (North)

 Sales Manager (South) 
 General Manager of Sales 
  
 Product/Operations Support 
  
 Fulfillment Leader 
 Commercial Leader

 Product Manager 
  
 Emergency and Warranty Service 
  

 19

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