Document:

<PAGE>
                 SECOND AMENDED AND RESTATED GUARANTY AGREEMENT

        THIS SECOND AMENDED AND RESTATED GUARANTY AGREEMENT (this "Agreement")
is made and given as of this 11th day of April, 2002, by CANDLEWOOD HOTEL
COMPANY, INC., a Delaware corporation (the "Guarantor"), for the benefit of HPT
CW PROPERTIES TRUST, a Maryland real estate investment trust (the "Landlord"),
and HOSPITALITY PROPERTIES TRUST, a Maryland real estate investment trust and
the sole stockholder of Landlord (together with the Landlord and their
respective successors and assigns, "HPT").

                              W I T N E S S E T H :

        WHEREAS, pursuant to an Agreement to Lease, dated November 19, 1997 (as
amended, the "Agreement to Lease"), the Landlord and Candlewood Leasing No. 1,
Inc., a Delaware corporation (the "Tenant"), are, on the date hereof, entering
into a Second Amended and Restated Lease Agreement (the "Second Amended Lease")
with respect to certain real property, the related improvements and personal
property, as more particularly described therein; and

        WHEREAS, it is a condition precedent to the Landlord's entering into the
Second Amended Lease that the Guarantor guarantee all of the payment and
performance obligations of the Tenant with respect to the Second Amended Lease;
and

        WHEREAS, the transactions contemplated by the Second Amended Lease are
of direct material benefit to the Guarantor;

        NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the mutual receipt and legal sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows:

        1. CERTAIN TERMS. Capitalized terms used and not otherwise defined in
this Agreement shall have the meanings ascribed to such terms in the Second
Amended Lease. The Second Amended Lease and the Incidental Documents are herein
collectively referred to as the "Transaction Documents."

        2. GUARANTEED OBLIGATIONS. For purposes of this Agreement, the term
"Guaranteed Obligations" shall mean the payment and performance of each and
every obligation of the Tenant to HPT under the Transaction Documents, whether
now existing or hereafter arising, and including, without

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limitation, the payment of the full amount of the Rent payable under the Second
Amended Lease.

        3. REPRESENTATIONS AND COVENANTS. The Guarantor represents, warrants,
covenants and agrees that:

               3.1 PERFORMANCE OF COVENANTS AND AGREEMENTS. During the term of
this Agreement, the Guarantor will cause the Tenant duly and punctually to
perform all of the covenants and agreements of Tenant set forth in the
Transaction Documents.

               3.2 VALIDITY OF AGREEMENT. The Guarantor has duly and validly
executed and delivered this Agreement; this Agreement constitutes the legal,
valid and binding obligation of the Guarantor, enforceable against the Guarantor
in accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws of general
application affecting the rights and remedies of creditors; and the execution,
delivery and performance of this Agreement have been duly authorized by all
requisite action of the Guarantor and such execution, delivery and performance
by the Guarantor will not result in any breach of the terms, conditions or
provisions of, or conflict with or constitute a default under, or result in the
creation of any lien, charge or encumbrance upon any of the property or assets
of the Guarantor pursuant to the terms of, any indenture, mortgage, deed of
trust, note, other evidence of indebtedness, agreement or other instrument to
which the Guarantor is a party or by which the Guarantor or any property or
assets of the Guarantor is bound, or violate any provision of law applicable to
the Guarantor, or any order, writ, injunction, judgement or decree of any court
applicable to the Guarantor or any order or other public regulation of any
governmental commission, bureau or administrative agency applicable to the
Guarantor.

               3.3 PAYMENT OF EXPENSES. The Guarantor agrees, as principal
obligor and not as Guarantor only, to pay to HPT forthwith, upon demand, in
immediately available Federal funds, all costs and expenses (including court
costs and reasonable legal expenses) incurred or expended by HPT in connection
with the enforcement of this Agreement, together with interest on amounts
recoverable under this Agreement from the time such amounts become due until
payment at the Interest Rate.

               3.4 REPORTS. The Guarantor shall promptly provide to HPT each of
the financial reports, certificates and other

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documents required of the Guarantor under the Transaction Documents.

               3.5 LEGAL EXISTENCE. The Guarantor shall do or cause to be done
all things necessary to preserve and keep in full force and effect its corporate
existence.

               3.6 FINANCIAL CONDITION OF GUARANTOR. The Guarantor shall at all
times maintain Net Worth in an amount of at least Seventy-Five Million Dollars
($75,000,000).

        4. GUARANTEE. The Guarantor hereby unconditionally guarantees that the
Guaranteed Obligations which are monetary obligations which become due and
payable during the term of this Agreement shall be paid in full when due and
payable, whether upon demand, at the stated or accelerated maturity thereof or
upon any mandatory or voluntary prepayment pursuant to any Transaction Document,
or otherwise, and that the Guaranteed Obligations which are performance
obligations which are required to be performed during the term of this Agreement
shall be fully performed at the times and in the manner such performance is
required by the Transaction Documents. With respect to the Guaranteed
Obligations which are monetary obligations, this guarantee is a guarantee of
payment and not of collectibility and is absolute and in no way conditional or
contingent. In case any part of the Guaranteed Obligations shall not have been
paid when due and payable or performed at the time performance is required, the
Guarantor shall, within five (5) days after receipt of notice from HPT, pay or
cause to be paid to HPT the amount thereof as is then due and payable and unpaid
(including interest and other charges, if any, due thereon through the date of
payment in accordance with the applicable provisions of the Transaction
Documents) or perform or cause to be performed such obligations in accordance
with the Transaction Documents.

        5. UNENFORCEABILITY OF GUARANTEED OBLIGATIONS, ETC. If the Tenant is for
any reason under no legal obligation to discharge any of the Guaranteed
Obligations, or if any other moneys included in the Guaranteed Obligations have
become unrecoverable from the Tenant by operation of law or for any other
reason, including, without limitation, the invalidity or irregularity in whole
or in part of any Guaranteed Obligation or of any Transaction Document or any
limitation on the liability of the Tenant thereunder or any limitation on the
method or terms of payment thereunder which may now or hereafter be caused or
imposed in any manner whatsoever, the guarantees contained in this Agreement
shall nevertheless remain in full force and

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effect in accordance with the terms set forth herein and shall be binding upon
the Guarantor to the same extent as if the Guarantor at all times had been the
principal debtor on all such Guaranteed Obligations.

        6. ADDITIONAL GUARANTEES. This Agreement shall be in addition to any
other guarantee or other security for the Guaranteed Obligations and it shall
not be prejudiced or rendered unenforceable by the invalidity of any such other
guarantee or security or by any waiver, amendment, release or modification
thereof.

        7. CONSENTS AND WAIVERS, ETC. The Guarantor hereby acknowledges receipt
of correct and complete copies of each of the Transaction Documents and consents
to all of the terms and provisions thereof, as the same may be from time to time
hereafter amended or changed in accordance therewith, and waives, to the extent
the Guarantor lawfully may do so, (a) presentment, demand for payment, and
protest of nonpayment, of any of the Guaranteed Obligations, (b) notice of
acceptance of this Agreement and of diligence, presentment, demand and protest,
(c) notice of any default hereunder and any default, breach or nonperformance or
Event of Default under any of the Guaranteed Obligations or the Transaction
Documents, except as expressly provided in Section 4, (d) notice of the terms,
time and place of any private or public sale of collateral held as security for
the Guaranteed Obligations, (e) demand for performance or observance of, and any
enforcement of any provision of, or any pursuit or exhaustion of rights or
remedies against the Tenant or any other guarantor of the Guaranteed
Obligations, under or pursuant to the Transaction Documents, or any agreement
directly or indirectly relating thereto and any requirements of diligence or
promptness on the part of the holders of the Guaranteed Obligations in
connection therewith, and (f) any and all demands and notices of every kind and
description with respect to the foregoing or which may be required to be given
by any statute or rule of law.

        8. NO IMPAIRMENT, ETC. The obligations, covenants, agreements and duties
of the Guarantor under this Agreement shall not be affected or impaired by any
assignment or transfer in whole or in part of any of the Guaranteed Obligations
without notice to the Guarantor, or any waiver by HPT or any holder of any of
the Guaranteed Obligations or by the holders of all of the Guaranteed
Obligations of the performance or observance by the Tenant or any other
guarantor of any of the agreements, covenants, terms or conditions contained in
the Guaranteed

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Obligations or the Transaction Documents or any indulgence in or the extension
of the time for payment by the Tenant or any other guarantor of any amounts
payable under or in connection with the Guaranteed Obligations or the
Transaction Documents or any other instrument or agreement relating to the
Guaranteed Obligations or of the time for performance by the Tenant or any other
guarantor of any other obligations under or arising out of any of the foregoing
or the extension or renewal thereof, or the modification or amendment (whether
material or otherwise) of any duty, agreement or obligation of the Tenant or any
other guarantor set forth in any of the foregoing, or the voluntary or
involuntary sale or other disposition of all or substantially all the assets of
the Tenant or any other guarantor or insolvency, bankruptcy, or other similar
proceedings affecting the Tenant or any other guarantor or any assets of the
Tenant or any such other guarantor, or the release or discharge of the Tenant or
any such other guarantor from the performance or observance of any agreement,
covenant, term or condition contained in any of the foregoing without the
consent of the holders of the Guaranteed Obligations by operation of law.

        9. REIMBURSEMENT, SUBROGATION, ETC. The Guarantor hereby covenants and
agrees that the Guarantor will not enforce or otherwise exercise any rights of
reimbursement, subrogation, contribution or other similar rights against the
Tenant or any other person with respect to the Guaranteed Obligations prior to
the payment in full of all amounts then due and owing but unpaid with respect to
the Second Amended Lease, and until the Guaranteed Obligations have been
satisfied in full, the Guarantor shall not have any right of subrogation, and
the Guarantor waives any defense it may have based upon any election of remedies
by HPT which destroys the Guarantor's subrogation rights or the Guarantor's
rights to proceed against the Tenant for reimbursement, including, without
limitation, any loss of rights the Guarantor may suffer by reason of any rights,
powers or remedies of the Tenant in connection with any anti-deficiency laws or
any other laws limiting, qualifying or discharging the indebtedness to HPT.
Until all obligations of the Tenant pursuant to the Transaction Documents shall
have been paid and satisfied in full, the Guarantor waives any right to enforce
any remedy which HPT now has or may in the future have against the Tenant, any
other guarantor or any other person and any benefit of, or any right to
participate in, any security whatsoever now or in the future held by HPT.

        10. DEFEASANCE. This Agreement shall terminate at such time as the
Guaranteed Obligations have been paid and performed

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in full and all other obligations of the Guarantor to HPT under this Agreement
have been satisfied in full; provided, however, if at any time, all or any part
of any payment applied on account of the Guaranteed Obligations is or must be
rescinded or returned for any reason whatsoever (including, without limitation,
the insolvency, bankruptcy or reorganization of the Tenant), this Agreement, to
the extent such payment is or must be rescinded or returned, shall be deemed to
have continued in existence notwithstanding any such termination.

        11. NOTICES. (a) Any and all notices, demands, consents, approvals,
offers, elections and other communications required or permitted under this
Agreement shall be deemed adequately given if in writing and the same shall be
delivered either in hand, by telecopier with written acknowledgment of receipt,
or by mail or Federal Express or similar expedited commercial carrier, addressed
to the recipient of the notice, postpaid and registered or certified with return
receipt requested (if by mail), or with all freight charges prepaid (if by
Federal Express or similar carrier).

        (b) All notices required or permitted to be sent hereunder shall be
deemed to have been given for all purposes of this Agreement upon the date of
acknowledged receipt, in the case of a notice by telecopier, and, in all other
cases, upon the date of receipt or refusal, except that whenever under this
Agreement a notice is either received on a day which is not a Business Day or is
required to be delivered on or before a specific day which is not a Business
Day, the day of receipt or required delivery shall automatically be extended to
the next Business Day.

        (c)  All such notices shall be addressed,

        if to HPT to:

               c/o Hospitality Properties Trust
               400 Centre Street
               Newton, Massachusetts  02458
               Attn:  Mr. John G. Murray
               [Telecopier No. (617) 969-5730]

        with a copy to:

               Sullivan & Worcester LLP
               One Post Office Square
               Boston, Massachusetts  02109
               Attn:  Nancy S. Grodberg, Esq.

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<PAGE>
               [Telecopier No. (617) 338-2880]

        if to the Guarantor to:

               Candlewood Hotel Company, Inc.
               8621 E. 21st Street North, Suite 200
               Wichita, Kansas  67206
               Attn:  Mr. Tim Johnson
               [Telecopier No. (316) 631-1382]

         with a copy to:

               Latham & Watkins
               233 S. Wacker Drive, Suite 5800
               Chicago, Illinois  60606
               Attn:  Kenneth Crews, Esq.
               [Telecopier No. (312) 993-9767]

        (d) By notice given as herein provided, the parties hereto and their
respective successors and assigns shall have the right from time to time and at
any time during the term of this Agreement to change their respective addresses
effective upon receipt by the other parties of such notice and each shall have
the right to specify as its address any other address within the United States
of America.

        12. SUCCESSORS AND ASSIGNS. Whenever in this Agreement, any of the
parties hereto is referred to, such reference shall be deemed to include the
successors and assigns of such party, including without limitation the holders,
from time to time, of the Guaranteed Obligations; and all representations,
warranties, covenants and agreements by or on behalf of the Guarantor which are
contained in this Agreement shall inure to the benefit of HPT's successors and
assigns, including, without limitation, such holders, whether so expressed or
not.

        13. APPLICABLE LAW. Except as to matters regarding the internal affairs
of HPT and issues of or limitations on any personal liability of the
shareholders and trustees of HPT for obligations of HPT, as to which the laws of
the State of Maryland shall govern, this Agreement and any other instruments
executed and delivered to evidence, complete or perfect the transactions
contemplated hereby shall be interpreted, construed, applied and enforced in
accordance with the laws of The Commonwealth of Massachusetts applicable to
contracts between residents of Massachusetts which are to be performed entirely
within Massachusetts, regardless of (i) where any such

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instrument is executed or delivered; or (ii) where any payment or other
performance required by any such instrument is made or required to be made; or
(iii) where any breach of any provision of any such instrument occurs, or any
cause of action otherwise accrues; or (iv) where any action or other proceeding
is instituted or pending; or (v) the nationality, citizenship, domicile,
principal place of business, or jurisdiction of organization or domestication of
any party; or (vi) whether the laws of the forum jurisdiction otherwise would
apply the laws of a jurisdiction other than Massachusetts; or (vii) any
combination of the foregoing.

        To the maximum extent permitted by applicable law, any action to
enforce, arising out of, or relating in any way to, any of the provisions of
this Agreement may be brought and prosecuted in such court or courts located in
The Commonwealth of Massachusetts as may be provided by law; and the parties
consent to the jurisdiction of said court or courts located in Massachusetts and
to service of process by registered mail, return receipt requested, or by any
other manner provided by law.

        14. MODIFICATION OF AGREEMENT. No modification or waiver of any
provision of this Agreement, nor any consent to any departure by the Guarantor
therefrom, shall in any event be effective unless the same shall be in writing
and signed by HPT, and such modification, waiver or consent shall be effective
only in the specific instances and for the purpose for which given. No notice to
or demand on the Guarantor in any case shall entitle the Guarantor to any other
or further notice or demand in the same, similar or other circumstances.

        15. WAIVER OF RIGHTS BY HPT. Neither any failure nor any delay on HPT's
part in exercising any right, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall a single or partial exercise thereof
preclude any other or further exercise or the exercise of any other right, power
or privilege.

        16. SEVERABILITY. In case any one or more of the provisions contained in
this Agreement should be invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained
herein shall not in any way be affected or impaired thereby, but this Agreement
shall be reformed and construed and enforced to the maximum extent permitted by
applicable law.

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        17. ENTIRE CONTRACT. This Agreement constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof and shall
supersede and take the place of any other instruments purporting to be an
agreement of the parties hereto relating to the subject matter hereof.

        18. HEADINGS; COUNTERPARTS. Headings in this Agreement are for purposes
of reference only and shall not limit or otherwise affect the meaning hereof.
This Agreement may be executed in any number of counterparts, each of which
shall be an original, but all of which together shall constitute one instrument,
and in pleading or proving any provision of this Agreement, it shall not be
necessary to produce more than one of such counterparts.

        19. REMEDIES CUMULATIVE. No remedy herein conferred upon HPT is intended
to be exclusive of any other remedy, and each and every remedy shall be
cumulative and shall be in addition to every other remedy given hereunder or now
or hereafter existing at law or in equity or by statute or otherwise.

        20. AMENDMENT AND RESTATEMENT. This Agreement amends, restates and
replaces in its entirety that certain Amended and Restated Guaranty Agreement,
dated as of August 10, 2001, as the same may have been amended from time to
time, by the Guarantor for the benefit of the Landlord and HPT.

                         [SIGNATURES ON FOLLOWING PAGE.]

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<PAGE>

        WITNESS the execution hereof under seal as of the date above first
written.

                                            CANDLEWOOD HOTEL COMPANY, INC.

                                            By: /s/ Tim Johnson
                                                --------------------------------
                                                Tim Johnson
                                                Vice President-Treasurer
                                                and Assistant Secretary

ACKNOWLEDGED AND AGREED:

HPT CW PROPERTIES TRUST

By: /s/ John G. Murray
    -------------------------------
        John G. Murray
        President

HOSPITALITY PROPERTIES TRUST

By: /s/ John G. Murray
    --------------------------------
        John G. Murray
        President<PAGE>
                 SECOND AMENDED AND RESTATED SECURITY AGREEMENT

        THIS SECOND AMENDED AND RESTATED SECURITY AGREEMENT (this "Agreement")
is entered into as of this 11th day of April, 2002, by and between CANDLEWOOD
LEASING NO. 1, INC., a Delaware corporation (the "Tenant"), and HPT CW
PROPERTIES TRUST, a Maryland real estate investment trust (the "Secured Party").

                              W I T N E S S E T H:

        WHEREAS, pursuant to a certain Second Amended and Restated Lease
Agreement, dated as of the date hereof (as amended from time to time, the
"Second Amended and Restated Lease"), the Secured Party leased to the Tenant and
the Tenant leased from the Secured Party certain premises, as more particularly
described in the Second Amended and Restated Lease, subject to and upon the
terms and conditions set forth in the Second Amended and Restated Lease; and

        WHEREAS, as security for the payment and performance of each and every
obligation and liability of the Tenant to the Secured Party under the Second
Amended and Restated Lease (collectively, the "Obligations"), including, without
limitation, the payment of the Rent (this and other capitalized terms used and
not otherwise defined herein having the meanings ascribed to such terms in
Section 1), the Tenant has agreed to grant to the Secured Party a first and
perfected lien and security interest in the Collateral;

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

        SECTION 1. DEFINITIONS. As used in this Agreement, the following terms
shall have the meanings specified below. Except as otherwise defined, terms
defined in the Uniform Commercial Code and used herein without definition shall
have the meanings set forth in the Uniform Commercial Code:

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        "BUSINESS DAY" shall have the meaning given such term in the Second
Amended and Restated Lease.

        "COLLATERAL" shall mean all of the Tenant's right, title and interest in
and under or arising out of all and any personal property, intangibles and
fixtures of any type or description which constitute or arise from the
operation, maintenance or repair of the Leased Property, together with any and
all additions, replacements, products, proceeds and supporting obligations,
including, but not limited to, the following:

        (a)    all goods, including, without limitation, the Equipment;

        (b)    all of the Leased Intangible Property;

        (c)    all Licenses; and

        (d)    all other personal property or fixtures of any nature whatsoever
               which relate to the operation, maintenance or repair of the
               Leased Property and all property from time to time described in
               any financing statement signed by the Tenant naming the Secured
               Party as secured party.

        "EQUIPMENT" shall mean all structures, improvements, fixtures and items
of machinery, equipment and other tangible personal property which constitute,
arise from or relate to the operation, maintenance or repair of the Leased
Property, together with all repairs, replacements, improvements, substitutions,
extensions or renewals thereof or additions thereto, all parts, additions and
accessories incorporated therein or affixed thereto, and all "equipment" as such
term is defined in the Uniform Commercial Code, and all cash and non-cash
proceeds therefrom; provided, however, that the term "Equipment" shall not
include any motor vehicles used in connection with the Leased Property to the
extent the same are financed by third parties.

        "EVENT OF DEFAULT" shall have the meaning given such term in Section 4.

        "HOTELS" shall have the meaning given such term in the Second Amended
and Restated Lease.

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<PAGE>

        "INSTRUMENT" shall have the meaning give such term in Article 9 of the
Uniform Commercial Code, and shall include promissory notes.

        "LEASED INTANGIBLE PROPERTY" shall have the meaning given such term in
the Second Amended and Restated Lease.

        "LEASED PROPERTY" shall have the meaning given such term in the Second
Amended and Restated Lease.

        "LICENSES" shall mean all licenses, permits, rights of use, covenants or
rights otherwise benefiting or permitting the use and operation of the Leased
Property or any part thereof pertaining to the operation, maintenance or repair
of the Leased Property.

        "OBLIGATIONS" shall have the meaning given such term in the preambles to
this Agreement.

        "OVERDUE RATE" shall have the meaning given such term in the Second
Amended and Restated Lease.

        "PERSON" shall have the meaning given such term in the Second Amended
and Restated Lease.

        "RENT" shall have the meaning given such term in the Second Amended and
Restated Lease.

        "SECOND AMENDED AND RESTATED LEASE" shall have the meaning given such
term in the preambles to this Agreement.

        "UNIFORM COMMERCIAL CODE" means the Uniform Commercial Code as in effect
in The Commonwealth of Massachusetts from time to time, provided, that if by
reason of mandatory provisions of law, perfection, or the effect of perfection
or nonperfection, of the security interests in any Collateral is governed by the
Uniform Commercial Code as in effect in a jurisdiction other than Massachusetts,
"Uniform Commercial Code" means the Uniform Commercial Code as in effect in such
other jurisdiction for purposes of the provisions hereof relating to such
perfection or effect of perfection or non-perfection, as the case may be.

        SECTION 2. SECURITY INTEREST. As security for the prompt payment and
performance of all the Obligations, the Tenant

                                      -3-
<PAGE>

hereby grants, pledges, transfers and assigns to the Secured Party, its
successors and assigns and all other holders from time to time of the
Obligations, a continuing security interest under the Uniform Commercial Code
from time to time in effect in the jurisdiction in which any of the Collateral
is located in and a continuing lien upon all of the Tenant's right, title and
interest in the Collateral, together with any and all additions thereto and
replacements, products and proceeds thereof, whether now existing or hereafter
arising or acquired and wherever located.

        SECTION 3. GENERAL REPRESENTATIONS, WARRANTIES AND COVENANTS. The Tenant
represents, warrants and covenants, which representations, warranties and
covenants shall survive execution and delivery of this Agreement, as follows:

               (a) The chief executive offices and chief place of business of
the Tenant is set forth in Schedule 1 and the Tenant will not move its chief
executive office or its chief place of business or operations without giving
prior written notice thereof to the Secured Party. The originals of all
documents evidencing Collateral and the only original books of account and
records of the Tenant relating thereto are, and will continue to be, kept at
such chief executive office or the Hotels.

               (b) The name of the Tenant is as set forth on the signature page
hereto. The name under which each of the Hotels is operated is set forth on
Schedule 2. The Tenant shall not change such names, conduct its business at or
related to the Hotel in any other name or take title to any Collateral in any
other name, except as otherwise permitted by the Second Amended and Restated
Lease without prior written notification to Secured Party. The state of
organization of the Tenant is the State of Delaware and the Tenant's
organizational identification number assigned by the State of Delaware is
2820987. The Tenant will not change its organizational structure or jurisdiction
of organization without prior written notice to the Secured Party which notice
shall be provided no less than 30 days prior to the effectiveness of such
changes.

               (c) The Secured Party is authorized (but is under no obligation)
to make, upon ten (10) Business Days' notice to the Tenant (except in the case
of exigent circumstances, in which circumstances upon such notice, if any, as
may then be

                                      -4-
<PAGE>

reasonably practical), any payments which in the Secured Party's opinion are
necessary to discharge any liens which have or may take priority over the lien
hereof, upon the failure of the Tenant to make such payments within the time
permitted therein. The Tenant shall have no claim against the Secured Party by
reason of its decision not to make any payments or perform such obligations
permitted under this Section 3(c). The Tenant shall repay to the Secured Party
any sums paid by the Secured Party upon demand. Any sums paid and expenses
incurred by the Secured Party pursuant to this paragraph shall bear interest at
the Overdue Rate.

               (d) If any of the Collateral at any time becomes evidenced by an
Instrument, the Tenant shall promptly deliver such Instrument to the Secured
Party, appropriately endorsed, to the order of the Secured Party, to be held
pursuant to this Agreement.

               (e) If any cash proceeds of the Collateral at any time are
deposited into a deposit account, the Tenant shall promptly inform the Secured
Party thereof, and at the request of the Secured Party at any time, pursuant to
an agreement in form and substance reasonably satisfactory to the Secured Party,
cause the depositary bank to agree to comply at any time with instructions from
the Secured Party to such depositary bank directing the disposition of funds
from time to time credited to such deposit account, without further consent of
the Tenant.

        SECTION 4. EVENT OF DEFAULT. For purposes of this Agreement, the term
"Event of Default" shall mean (a) the occurrence of an Event of Default under
the Second Amended and Restated Lease; (b) the failure of the Tenant to comply
with any of its covenants or obligations under this Agreement and the
continuance thereof for a period of thirty (30) days after written notice
thereof; provided, however, that if such default is susceptible of cure but such
cure cannot be accomplished with due diligence within such period of time and if
in addition the Tenant commences to cure or cause to be cured such default
within thirty (30) days after written notice thereof from the Secured Party and
thereafter prosecutes the curing of such default with all due diligence, such
period of time shall be extended to such period of time (not to exceed an
additional one (1) year in the aggregate) as may be necessary to cure such

                                      -5-
<PAGE>

default with all due diligence; or (c) any representation or warranty contained
herein or made by the Tenant in connection herewith shall prove to have been
false or misleading in any material respect when made.

        SECTION 5. REMEDIES.

               (a) Upon the occurrence and during the continuation of an Event
of Default, in addition to any rights and remedies now or hereafter granted
under applicable law, under the Second Amended and Restated Lease or under any
other documents or agreements entered into in connection herewith or therewith,
and not by way of limitation of any such rights and remedies, the Secured Party
shall have all of the rights and remedies of a secured party under the Uniform
Commercial Code as enacted in any applicable jurisdiction, and the right,
without notice to, or assent by, the Tenant, to the extent permitted by law, in
the name of the Tenant or in the name of the Secured Party or otherwise:

               (i) with respect to the Leased Intangible Property and any other
accounts receivable, general intangibles and contract rights, to ask for,
demand, collect, receive, compound and give acquittance therefor or any part
thereof, to extend the time of payment of, compromise or settle for cash, credit
or otherwise, and upon any terms and conditions, any thereof, to endorse the
name of the Tenant on any checks, drafts or other orders or instruments for the
payment of moneys payable to the Tenant which shall be issued in respect
thereof, to exercise and enforce any rights and remedies in respect thereof, to
file any claims, commence, maintain or discontinue any actions, suits or other
proceedings deemed by the Secured Party necessary or advisable for the purpose
of collecting or enforcing payment and performance thereof, to make test
verifications thereof, to notify any or all account debtors thereunder to make
payment thereof directly to the Secured Party for the account of the Secured
Party and to require the Tenant to forthwith give similar notice to the account
debtors, and to require the Tenant forthwith to account for and transmit to the
Secured Party in the same form as received all proceeds (other than physical
property) of collection thereof received by the Tenant and, until so
transmitted, to hold the same in trust for the Secured

                                      -6-
<PAGE>

Party and not commingle such proceeds with any other funds of the Tenant;

               (ii) to take possession of any or all of the Collateral and to
use, hold, store, operate, merge and/or control the same and to exclude the
Tenant and all Persons claiming under it wholly or partly therefrom, and, for
that purpose, to enter, with the aid and assistance of any Person or Persons and
with or without legal process, any premises where the Collateral, or any part
thereof, are, or may be, placed or assembled, and to remove any such Collateral;

               (iii) from time to time, at the expense of the Tenant, to make
all such repairs, replacements, alterations, additions and improvements to and
of the Collateral as the Secured Party may reasonably deem proper; to collect
and receive all rents, issues, profits, fees and other income of the same and
every part thereof which may be applied to pay the expenses of holding and
operating the Collateral and of all maintenance and repairs and to make all
payments which the Secured Party may be required or may elect to make, if any,
for taxes, assessments, insurance and other charges upon the Collateral and all
other payments which the Secured Party may be required or authorized to make
under any provision of this Agreement (including, without limitation, reasonable
legal costs and attorneys' fees);

               (iv) upon notice to such effect, and if reasonably necessary to
protect Secured Party's interest in the Collateral, to require the Tenant to
deliver, at the Tenant's expense, any or all Collateral which is reasonably
movable to the Secured Party at a place designated by the Secured Party; and

               (v) without obligation to resort to other security, at any time
and from time to time, to sell, re-sell, assign and deliver all or any of the
Collateral, in one or more parcels at the same or different times, and all
right, title and interest, claim and demand therein and right of redemption
thereof, at public or private sale, for cash, upon credit or for future
delivery, and at such price or prices and on such terms as the Secured Party may
determine, with the amounts realized from any such sale to be applied to the
Secured Obligations in the manner determined by the Secured Party.

                                      -7-
<PAGE>

The Tenant hereby agrees that all of the foregoing may be effected without
advertisement (except as hereinafter provided or as may be required by law), all
of which (except as hereinafter provided) are hereby expressly waived, to the
maximum extent permitted by law. The Secured Party shall not be obligated to do
any of the acts hereinabove authorized and in the event that the Secured Party
elects to do any such act, the Secured Party shall not be responsible to the
Tenant except for the Secured Party's gross negligence or willful misconduct.

               (b) Upon the occurrence of an Event of Default, the Secured Party
may take legal proceedings for the appointment of a receiver or receivers (to
which the Secured Party shall be entitled as a matter of right) to take
possession of the Collateral pending the sale thereof pursuant either to the
powers of sale granted by this Agreement or to a judgment, order or decree made
in any judicial proceeding for the foreclosure or involving the enforcement of
this Agreement. If, after the exercise of any or all of such rights and
remedies, any of the Obligations shall remain unpaid or unsatisfied, the Tenant
shall remain liable for any deficiency or performance thereof, as applicable.

               (c) Upon any sale of any of the Collateral, whether made under
the power of sale hereby given or under judgment, order or decree in any
judicial proceeding for the foreclosure or involving the enforcement of this
Agreement:

               (i) the Secured Party may bid for and purchase the property being
sold and, upon compliance with the terms of sale, may hold, retain and possess
and dispose of such property in its own absolute right without further
accountability, and may, in paying the purchase money therefor, deliver any
instruments evidencing the Obligations or agree to the satisfaction of all or a
portion of the Obligations in lieu of cash in payment of the amount which shall
be payable thereon, and such instruments, in case the amounts so payable thereon
shall be less than the amount due thereon, shall be returned to the Secured
Party after being appropriately stamped to show partial payment;

               (ii) the Secured Party may make and deliver to the purchaser or
purchasers a good and sufficient deed, bill of sale and instrument of assignment
and transfer of the property sold;

                                      -8-
<PAGE>

               (iii) all right, title, interest, claim and demand whatsoever,
either at law or in equity or otherwise, of the Tenant of, in and to the
property so sold shall be divested; such sale shall be a perpetual bar both at
law and in equity against the Tenant, its successors and assigns, and against
any and all Persons claiming or who may claim the property sold or any part
thereof from, through or under the Tenant, its successors or assigns; and

               (iv) the receipt of the Secured Party or of the officer thereof
making such sale shall be a sufficient discharge to the purchaser or purchasers
at such sale for his or their purchase money, and such purchaser or purchasers,
and his or their assigns or personal representatives, shall not, after paying
such purchase money and receiving such receipt of the Secured Party or of such
officer therefor, be obliged to see to the application of such purchase money or
be in any way answerable for any loss, misapplication or nonapplication thereof.

In the event of any sale of Collateral pursuant to this Section 5, the Secured
Party shall, at least 10 days before such sale, give the Tenant written,
telegraphic or telex notice of its intention to sell, except that, if the
Secured Party shall determine in its reasonable discretion that any of the
Collateral threatens to decline in value, any such sale may be made upon three
(3) days' written, telegraphic or telex notice to the Tenant, which time periods
the Tenant hereby agrees are reasonable.

        SECTION 6. APPLICATION OF MONEYS. All moneys which the Secured Party
shall receive pursuant hereto shall first be applied (to the extent thereof) to
the payment of all reasonable costs and expenses incurred in connection with the
administration and enforcement of, or the preservation of any rights under, this
Agreement or any of without limitation, the reasonable fees and disbursements of
its counsel and agents), and the balance, if any, shall be applied first to
accrued and unpaid interest, charges and fees on, and then to outstanding
principal of, any Obligations of the Tenant to the Secured Party, and then to
any other amounts outstanding on any such Obligations and then to the Tenant
unless otherwise provided by law or directed by a court of competent
jurisdiction.

                                      -9-
<PAGE>

        SECTION 7. WAIVERS, ETC. To the extent permitted by law the Tenant
hereby waives presentment, demand, protest and, except as is otherwise
specifically provided herein, all other demands and notices in connection with
this Agreement or the enforcement of the rights of the Secured Party hereunder
and waives all rights to require a marshaling of assets by the Secured Party.

        The Secured Party shall not be required to marshal any present or future
security for (including without limitation this Agreement and the Collateral
pledged hereunder), or guaranties of, the Obligations or any of them, or to
resort to such security or guaranties in any particular order; and all of the
rights hereunder and in respect of such securities and guaranties shall be
cumulative and in addition to all other rights, however existing or arising. To
the maximum extent permitted by applicable law, the Tenant hereby agrees that it
will not invoke any law relating to the marshalling of collateral which, might
cause delay in or impede the enforcement of the Secured Party's rights under
this Agreement or under any other instrument evidencing any of the Obligations
or under which any of the Obligations is outstanding or by which any of the
Obligations is secured or guaranteed, and, to the maximum extent permitted by
applicable law, the Tenant hereby irrevocably waives the benefits of all such
laws.

        SECTION 8. FURTHER ASSURANCES, ETC. Upon the reasonable request of the
Secured Party, and at the sole expense of the Tenant, the Tenant will promptly
execute and deliver, or will cause to be executed and delivered, such further
instruments, certificates and documents and take such further actions as the
Secured Party may reasonably deem desirable to obtain the full benefits of this
Agreement and of the rights and powers herein granted, including, without
limitation, filing of any financing statement, continuation statement, amendment
or notice under the Uniform Commercial Code or other applicable law, execution
of assignments or mortgages of General Intangibles, and transfer of Collateral
to the Secured Party's possession. The Tenant authorizes the Secured Party to
file such financing statements without the signature of the Tenant to the extent
permitted by applicable law, and to file a copy of this Agreement in lieu of a
financing statement, and to take any and all actions required or desirable by
any earlier versions of the Uniform Commercial

                                      -10-
<PAGE>

Code or by other law to perfect the Secured Party's security interest in any of
the Collateral, as applicable in any relevant Uniform Commercial Code
jurisdiction, or by other laws applicable in any foreign jurisdiction. The
Tenant shall provide the Secured Party with any information the Secured Party
shall reasonably request in connection with the foregoing, including, without
limitation, the type and jurisdiction of organization of the Tenant, and any
organizational identification number issued to the Tenant. The Tenant shall also
take all actions reasonably requested by the Secured Party in order to insure
the continued perfection and priority of the Secured Party's security interest
in any of the Collateral and of the preservation of its rights therein.

        SECTION 9. MISCELLANEOUS.

               (a) The Tenant agrees that its obligations and the rights of the
Secured Party hereunder and in respect of the Obligations may be enforced by
specific performance hereof and thereof and by temporary, preliminary and/or
final injunctive relief relating hereto and thereto, without necessity for proof
by the Secured Party or any holder of the Obligations that it would otherwise
suffer irreparable harm, and the Tenant hereby consents to the issuance of such
specific and injunctive relief.

               (b) Any notice or demand upon the Tenant or the Secured Party
shall be deemed to have been sufficiently given when given in accordance with
Section 22.10 of the Second Amended and Restated Lease.

               (c) None of the terms and conditions of this Agreement may be
changed, waived, modified or varied in any manner whatsoever unless in writing
duly signed by the Tenant and the Secured Party. No notice to or demand on the
Tenant in any case shall entitle the Tenant to any other or further notice or
demand in similar or other circumstances or constitute a waiver of any of the
rights of the Secured Party to any other or further action in any circumstances
without notice or demand.

               (d) The obligations of the Tenant hereunder shall remain in full
force and effect without regard to, and shall not be impaired by, (i) any
bankruptcy, insolvency, reorganization, arrangement, readjustment, composition,
liquidation or the like of the Tenant; (ii) any exercise or non-exercise, or any
waiver

                                      -11-
<PAGE>

of, any right, remedy, power or privilege under or in respect of this Agreement,
the Second Amended and Restated Lease or any document or agreement executed in
connection herewith or therewith, the Obligations or any security for any of the
Obligations; or (iii) any amendment to or modification of any of the Second
Amended and Restated Lease or any document or agreement executed in connection
herewith or therewith, the Obligations or any security for any of the
Obligations; whether or not the Tenant shall have notice or knowledge of any of
the foregoing. The rights and remedies of the Secured Party herein provided for
are cumulative and not exclusive of any rights or remedies which the Secured
Party would otherwise have, including, without limitation, under the Second
Amended and Restated Lease or any document or agreement executed in connection
herewith or therewith. This Agreement is intended as a supplement for and is not
intended to supersede in any respect the Second Amended and Restated Lease or
any document or agreement executed in connection herewith or therewith.

               (e) This Agreement shall be binding upon the Tenant and its
successors and assigns and shall inure to the benefit of the Secured Party, and
its respective successors and assigns. All agreements, representations and
warranties made herein shall survive the execution and delivery of this
Agreement.

               (f) The descriptive headings of the several sections of this
Agreement are inserted for convenience only and shall not in any way affect the
meaning or construction of any provision of this Agreement.

               (g) Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibitions or unenforceability in
any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

               (h) This Agreement shall be interpreted, construed, applied and
enforced in accordance with the laws of The Commonwealth of Massachusetts
applicable to contracts between residents of Massachusetts which are to be
performed entirely within Massachusetts, regardless of (i) where this Agreement
is executed or delivered; or (ii) where any payment or other

                                      -12-
<PAGE>

performance required by this Agreement is made or required to be made; or (iii)
where any breach of any provision of this Agreement occurs, or any cause of
action otherwise accrues; or (iv) where any action or other proceeding is
instituted or pending; or (v) the nationality, citizenship, domicile, principal
place of business, or jurisdiction of organization or domestication of any
party; or (vi) whether the laws of the forum jurisdiction otherwise would apply
the laws of a jurisdiction other than Massachusetts; or (vii) any combination of
the foregoing. Notwithstanding the foregoing, the laws of the State shall apply
to the perfection and priority of liens upon and the disposition of any
Property.

        To the maximum extent permitted by applicable law, any action to
enforce, arising out of, or relating in any way to, any of the provisions of
this Agreement may be brought and prosecuted in such court or courts located in
The Commonwealth of Massachusetts as is provided by law; and the parties consent
to the jurisdiction of said court or courts located in Massachusetts and to
service of process by registered mail, return receipt requested, or by any other
manner provided by law.

               (i) THE DECLARATION OF TRUST ESTABLISHING THE SECURED PARTY, A
COPY OF WHICH, TOGETHER WITH ALL AMENDMENTS THERETO (THE "DECLARATION"), IS DULY
FILED WITH THE DEPARTMENT OF ASSESSMENTS AND TAXATION OF THE STATE OF MARYLAND,
PROVIDES THAT THE NAME "HPT CW PROPERTIES TRUST" REFERS TO THE TRUSTEES UNDER
THE DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY,
AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF THE SECURED
PARTY SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY
OBLIGATION OF OR CLAIM AGAINST, THE SECURED PARTY. ALL PERSONS DEALING WITH THE
SECURED PARTY, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF THE SECURED PARTY
FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION.

               (j) This Agreement amends, restates and replaces in its entirety
that certain Amended and Restated Security Agreement, dated as of August 10,
2001, as the same may have been amended from time to time, by and between the
Tenant and the Secured Party.

                                      -13-
<PAGE>

                         [SIGNATURES ON FOLLOWING PAGE.]

                                      -14-
<PAGE>

        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed under seal as of the date first above written.

                                            TENANT:

                                            CANDLEWOOD LEASING NO. 1, INC.

                                            By: /s/ Tim Johnson
                                                --------------------------------
                                                Tim Vice President, Treasurer
                                                and Assistant Secretary

                                            SECURED PARTY:

                                            HPT CW PROPERTIES TRUST

                                            By: /s/ John G. Murray
                                                --------------------------------
                                                 John G. Murray
                                                 Its President

<PAGE>
                                          SCHEDULE 1

CHIEF EXECUTIVE OFFICE:

               8621 E. 21st Street North, Suite 200
               Wichita, Kansas  67206

PRINCIPAL PLACE OF BUSINESS:

               8621 E. 21st Street North, Suite 200
               Wichita, Kansas  67206

<PAGE>
                                   SCHEDULE 2
<TABLE>
<S>                                 <C>
Candlewood Hotel                    Louisville (Jefferstown), KY
Candlewood Hotel                    Cincinnati (Blue Ash), OH
Candlewood Hotel                    Phoenix, AZ
Candlewood Hotel                    Wichita West, KS
Candlewood Hotel                    Birmingham, AL
Candlewood Hotel                    Salt Lake - Ft. Union, UT
Candlewood Hotel                    Southfield, MI
Candlewood Hotel                    Lake Forest (LA), CA
Candlewood Hotel                    Philadelphia (Horsham), PA
Candlewood Hotel                    Salt Lake - North Temple, UT
Candlewood Hotel                    Denver (Englewood), CO
Candlewood Hotel                    Wichita Northeast, KS
Candlewood Hotel                    Omaha, NE
Candlewood Hotel                    Houston (Town & Country), TX
Candlewood Hotel                    Hampton, VA
Candlewood Hotel                    Austin, TX
Candlewood Hotel                    Baltimore, MD
Candlewood Hotel                    Mt. Laurel, NJ
Candlewood Hotel                    Las Vegas, NV
Candlewood Hotel                    Huntsville, AL
Candlewood Hotel                    Houston (Clear Lake), TX
Candlewood Hotel                    Jacksonville, FL
Candlewood Hotel                    Phoenix (Tempe), AZ
Candlewood Hotel                    Detroit (Warren), MI
Candlewood Hotel                    Pittsburgh, PA
Candlewood Hotel                    Des Moines, IA
Candlewood Hotel                    Austin (Stonelake), TX
Candlewood Hotel                    Irving (Las Colinas), TX
Candlewood Hotel                    Charlotte, NC
Candlewood Hotel                    Nashville (Brentwood), TN
Candlewood Hotel                    Houston (Westchase), TX
Candlewood Hotel                    Albuquerque, NM
Candlewood Hotel                    Somerset, NJ
Candlewood Hotel                    Richfield, MN
Candlewood Hotel                    Boston/Braintree, MA
Candlewood Hotel                    Denver, CO (Lakewood)
Candlewood Hotel                    Anaheim (Garden Grove), CA
Candlewood Hotel                    Irvine, CA
</TABLE>

<PAGE>
<TABLE>
<S>                                 <C>
Candlewood Hotel                    Clearwater (St. Petersburg), FL
Candlewood Hotel                    Miami (Miami Airport), FL
Candlewood Hotel                    Orlando (Altamonte Springs), FL
Candlewood Hotel                    Atlanta (Duluth), GA
Candlewood Hotel                    Chicago (Libertyville), IL
Candlewood Hotel                    Chicago (O'Hare/Schiller Park), IL
Candlewood Hotel                    Chicago (Schaumberg), IL
Candlewood Hotel                    Chicago (Warrenville), IL
Candlewood Hotel                    Chicago (Waukegan), IL
Candlewood Hotel                    Detroit (Ann Arbor), MI
Candlewood Hotel                    St. Louis (Earth City), MO
Candlewood Hotel                    Cleveland (North Olmstead), OH
Candlewood Hotel                    Columbus Airport (Gahanna), OH
Candlewood Hotel                    Oklahoma City, OK
Candlewood Hotel                    Knoxville, TN
Candlewood Hotel                    Dallas (Arlington), TX
Candlewood Hotel                    Dallas (Galleria), TX
Candlewood Hotel                    Dallas (North Richardson), TX
Candlewood Hotel                    Houston, TX
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00038-of-00352.parquet"}]]