Document:

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                                                                   EXHIBIT 4.4.1

                          FIRST SUPPLEMENTAL INDENTURE

         This First Supplemental Indenture (this "Agreement") is entered into as
of July 26, 2001, by and among (i) FelCor Lodging Limited Partnership, a
Delaware limited partnership ("FelCor LP"), (ii) FelCor Lodging Trust
Incorporated, a Maryland corporation ("FelCor"), (iii) FelCor/CSS Hotels,
L.L.C., a Delaware limited liability company, FelCor/LAX Hotels, L.L.C., a
Delaware limited liability company, FelCor/CSS Holdings, L.P., a Delaware
limited partnership, FelCor/St. Paul Holdings, L.P., a Delaware limited
partnership, FelCor/LAX Holdings, L.P., a Delaware limited partnership, FelCor
Eight Hotels, L.L.C., a Delaware limited liability company, FelCor Hotel Asset
Company, L.L.C., a Delaware limited liability company, FelCor Nevada Holdings,
L.L.C., a Nevada limited liability company, FHAC Nevada Holdings, L.L.C., a
Nevada limited liability company, FHAC Texas Holdings, L.P., a Texas limited
partnership, FelCor Country Villa Hotel, L.L.C., a Delaware limited liability
company, FelCor Moline Hotel, L.L.C., a Delaware limited liability company,
FelCor Omaha Hotel Company, L.L.C., a Delaware limited liability company and
FelCor Canada Co., a Nova Scotia unlimited liability company (collectively, the
"Subsidiary Guarantors"), (iv) FelCor TRS Holdings, L.P., a Delaware limited
partnership, and Kingston Plantation Development Corp., a Delaware corporation
(collectively, the "New Guarantors"), and (v) SunTrust Bank, as Trustee
("Trustee").

         WHEREAS, FelCor LP, as Issuer, FelCor and the Subsidiary Guarantors, as
Guarantors, and Trustee, as Trustee, entered into that certain Indenture dated
as of June 4, 2001 (the "Indenture"); and

         WHEREAS, pursuant to Section 4.07 of the Indenture, the New Guarantors
are required to execute and deliver a supplemental indenture to the Indenture
providing for a Subsidiary Guarantee (as defined in the Indenture) by such New
Guarantor;

         NOW, THEREFORE, for and in consideration of the mutual promises and
covenants herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:

         1. Each of the New Guarantors hereby executes this Agreement as a
supplemental indenture to the Indenture for the purpose of providing a guarantee
of the Notes, as that term is defined in the Indenture, and of certain of FelCor
LP's obligations under the Indenture as set forth therein and agrees to assume
and be subject to all of the terms, conditions, waivers and covenants applicable
to a Subsidiary Guarantor under the Indenture, including without limitation,
those set forth in Article 11 thereof. Upon its execution hereof, each of the
New Guarantors hereby acknowledges that it shall be a Subsidiary Guarantor for
all purposes as defined and as set forth in the Indenture, effective as of the
date hereof. Further, each New Guarantor hereby waives and shall not in any
manner whatsoever claim or take the benefit or advantage of, any rights of
reimbursement, indemnity or subrogation or any other rights against FelCor LP,
FelCor or any other Restricted Subsidiary as a result of any payment by such New
Guarantor under its Subsidiary Guarantee.

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         2. The parties hereto hereby confirm and acknowledge that the Indenture
shall continue in full force and effect according to its original terms, except
as expressly supplemented hereby.

         IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement as of the date first above written.

                                       FELCOR LODGING LIMITED PARTNERSHIP,
                                       a Delaware limited partnership

                                       By:   FelCor Lodging Trust Incorporated,
                                             a Maryland corporation, its
                                             general partner

                                       FELCOR LODGING TRUST INCORPORATED,
                                       a Maryland corporation

                                       By:
                                              -------------------------------
                                       Name:  Lawrence D. Robinson
                                       Title: Executive Vice President

                                       -2-
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                                      FELCOR/CSS HOTELS, L.L.C., a Delaware
                                      limited liability company, for itself and
                                      as general partner of FelCor/CSS Holdings,
                                      L.P., a Delaware limited partnership, and
                                      FelCor/St. Paul Holdings, L.P., a Delaware
                                      limited partnership;

                                      FELCOR/LAX HOTELS, L.L.C., a Delaware
                                      limited liability company, for itself and
                                      as general partner of FelCor/LAX Holdings,
                                      L.P., a Delaware limited partnership;

                                      FELCOR EIGHT HOTELS, L.L.C., a Delaware
                                      limited liability company;

                                      FELCOR HOTEL ASSET COMPANY, L.L.C., a
                                      Delaware limited liability company, for
                                      itself and as general partner of FHAC
                                      Texas Holdings, L.P., a Texas limited
                                      partnership;

                                      FELCOR NEVADA HOLDINGS, L.L.C., a Nevada
                                      limited liability company;

                                      FHAC NEVADA HOLDINGS, L.L.C., a Nevada
                                      limited liability company;

                                      FELCOR COUNTRY VILLA HOTEL, L.L.C., a
                                      Delaware limited liability company;

                                      FELCOR MOLINE HOTEL, L.L.C., a Delaware
                                      limited liability company;

                                      FELCOR OMAHA HOTEL COMPANY, L.L.C., a
                                      Delaware limited liability company;

                                      FELCOR CANADA CO., a Nova Scotia unlimited
                                      liability company;

                                      FELCOR TRS HOLDINGS, L.P., a Delaware
                                      limited partnership, by its general
                                      partner FelCor TRS I, L.L.C., a Delaware
                                      limited liability company; and

                                      KINGSTON PLANTATION DEVELOPMENT CORP.,
                                      a Delaware corporation

                                      By:
                                            -----------------------------------
                                      Name: Lawrence D. Robinson
                                      Title: Senior Vice President

                                       -3-
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                                      SUNTRUST BANK,
                                      as Trustee

                                      By:
                                            -----------------------------------
                                      Name:
                                             ----------------------------------
                                      Title:
                                              ---------------------------------

                                      By:
                                            -----------------------------------
                                      Name:
                                             ----------------------------------
                                      Title:
                                              ---------------------------------

                                       -4-<PAGE>   1

CAPSTEAD MORTGAGE CORPORATION

The following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

TEN COM
TEN ENT
JT TEN

-
-
-

as tenants in common
as tenants by the entireties
as joint tenants with right of
survivorship and not as tenants
in common

UNIF GIFT MIN ACT_..............Custodian...............
                   (Cust)                        (Minor)
                   under Uniform Gifts to Minors
                   Act..................................
                                 (State)

Additional abbreviations may also be used though not in the above list.

For value received,                 hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

Shares

of the capital stock represented by the within Certificate, and do hereby
irrevocably constitute and appoint

Attorney to transfer the said stock on the books of the within-named Corporation
with full power of substitution in the premises.
Dated,

NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS
WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION
OR ENLARGEMENT, OR ANY CHANGE WHATEVER.

<PAGE>   2

DPB
INCORPORATED UNDER THE LAWS
OF THE STATE OF MARYLAND

THIS CERTIFICATE IS TRANSFERABLE IN
MINNEAPOLIS, MN OR NEW YORK, NY

$1.26 CUMULATIVE CONVERTIBLE
PREFERRED STOCK, SERIES B
PAR VALUE $.10 PER SHARE

The transferability of the shares represented hereby is subject to certain
restrictions and such shares are subject to redemption as provided in the
Charter of the Corporation to which reference is hereby made, to prevent
disqualification of the Corporation from taxation as a real estate investment
trust under Sections 856 to 860 of the Internal Revenue Code of 1986, as amended
(the _Code_), and to prevent ownership of such shares by certain disqualified
organizations, including governmental bodies and tax-exempt entities that are
not subject to tax on unrelated business taxable income, as defined in Section
860E(e)(5) of the Code. A copy of the applicable provisions of the Charter will
be furnished to any stockholder upon request and without charge. The Corporation
will also furnish to any stockholder upon request and without charge a full
statement of the designation, preferences, limitations and relative rights of
the shares of each class of stock of the Corporation authorized to be issued and
the variations in the relative rights and preferences between shares of any
series of any authorized preferred or special class so far as they have been
fixed and determined and the authority of the Board of Directors to classify
unissued shares and to fix and determine the relative rights and preferences
thereof and of any subsequent series of preferred or special classes. Any such
request or requests should be directed to the Secretary of the Corporation at

CAPSTEAD MORTGAGE CORPORATION
2711 North Haskell Avenue, Suite 900
Dallas, TX 75204

CUSIP 14067E 30 8

SEE REVERSE FOR CERTAIN DEFINITIONS

Capstead Mortgage Corporation

This Certifies that

is the owner of

FULLY PAID AND NON-ASSESSABLE SHARES OF THE $1.26 CUMULATIVE CONVERTIBLE
PREFERRED STOCK, SERIES B, PAR VALUE $.10 PER SHARE OF

Capstead Mortgage Corporation transferable on the books of the Corporation by
the holder hereof, in person or by duly authorized attorney, upon surrender of
this Certificate properly endorsed. This Certificate and the shares represented
hereby shall be held subject to all of the provisions of the Articles of
Incorporation of the Corporation and all amendments thereto, copies of which are
on file with the Corporation and the Transfer Agent, to all of which the holder,
by his acceptance hereof, assents.This Certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar. Witness the
facsimile seal of the Corporation and the facsimile signatures of its duly
authorized officers.

Chairman of the Board                                Secretary

Dated:

COUNTERSIGNED AND REGISTERED:
WELLS FARGO BANK MINNESOTA, N.A.
TRANSFER AGENT
AND REGISTRAR
BY

AUTHORIZED SIGNATURE

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