Document:

EXHIBIT 10.42

 Exhibit 10.42 
  
 HOST MARRIOTT, L.P. 
 HOST MARRIOTT CORPORATION 
  
 3.25% Exchangeable Senior Debentures due 2024 
  
 Registration Rights Agreement 
  
 March 16, 2004 
  
 Goldman, Sachs & Co.,

 As representatives of the several Initial Purchasers 
     named in Schedule I to the Purchase Agreement 
 c/o Goldman, Sachs & Co.

 85 Broad Street 
 New York, New
York 10004 
  
 Ladies and Gentlemen: 
  
 Host Marriott, L.P., a Delaware limited partnership (the
“Company”), proposes to issue and sell to the Initial Purchasers (as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) the Company’s 3.25% Exchangeable senior Debentures due 2024 (the
“Debentures”), exchangeable into common stock, par value $0.01 per share (“Host REIT Common Stock”) of Host Marriott Corporation, a Maryland corporation (“Host REIT”). As an inducement to the Initial Purchasers to enter
into the Purchase Agreement and in satisfaction of a condition to the obligations of the Initial Purchasers thereunder, the Company and Host REIT agrees with the Initial Purchasers for the benefit of Holders (as defined herein) from time to time of
the Registrable Securities (as defined herein) as follows: 
  
 1.
Definitions. 
  
 (a) Capitalized terms used herein without
definition shall have the meanings ascribed to them in the Purchase Agreement. As used in this Agreement, the following defined terms shall have the following meanings: 
  
 “Act” or “Securities Act” means the United States Securities Act of 1933, as amended. 

 
 “Affiliate” of any specified person means any other
person which, directly or indirectly, is in control of, is controlled by, or is under common control with such specified person. For purposes of this definition, control of a person means the power, direct or indirect, to direct or cause the
direction of the management and policies of such person whether by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
  
 “Closing Date” has the meaning set forth in the Purchase
Agreement. 
  
 “Commission” means the United
States Securities and Exchange Commission, or any other federal agency at the time administering the Exchange Act or the Securities Act, whichever is the relevant statute for the particular purpose. 
  
 “DTC” means The Depository Trust Company. 

 “Effective Failure” has the meaning assigned thereto in Section 7(b) hereof. 

 
 “Effectiveness Period” has the meaning assigned thereto
in Section 2(b)(i) hereof. 
  
 “Effective Time”
means the time at which the Commission declares the Shelf Registration Statement effective or at which the Shelf Registration Statement otherwise becomes effective. 
  
 “Electing Holder” has the meaning assigned thereto in Section 3(a)(iii) hereof. 
  
 “Exchange Act” means the United States Securities Exchange
Act of 1934, as amended. 
  
 “Holder” means any
person that is the record owner of Registrable Securities (and includes any person that has a beneficial interest in any Registrable Security in book-entry form). 
  
 “Host REIT Common Stock” means Host REIT’s common stock, par value $0.01 per share. 
  
 “Indenture” means the Amended and Restated Indenture, dated
as of August 5, 1998 by and among HMH Properties, Inc., the guarantors named therein and HSBC Bank USA (f/k/a Marine Midland Bank, as trustee, as amended or supplemented from time to time (the “Base Indenture,”) and the Thirteenth
Supplemental Indenture (the “Supplemental Indenture,” and, together with the Base Indenture, the “Indenture”), to be dated as of March 16, 2004, by and among the Company, Host REIT, the Guarantors named therein and The Bank of
New York, as trustee, as amended and supplemented from time to time in accordance with its terms. 
  
 “Initial Purchasers” means the Initial Purchasers named in Schedule I to the Purchase Agreement. 
  
 “Liquidated Damages” has the meaning assigned thereto in
Section 7(a) hereof. 
  
 “Managing Underwriters”
means the investment banker or investment bankers and manager or managers that shall administer an underwritten offering, if any, conducted pursuant to Section 6 hereof. 
  
 “NASD Rules” means the Rules of the National Association of Securities Dealers, Inc., as amended from time
to time. 
  
 “Notice and Questionnaire” means a
Notice of Registration Statement and Selling Securityholder Questionnaire substantially in the form of Appendix A hereto. 
  
 The term “person” means an individual, partnership, corporation, trust or unincorporated organization, or a government or agency or
political subdivision thereof. 
  
 “Prospectus”
means the prospectus (including, without limitation, any preliminary prospectus, any final prospectus and any prospectus that discloses information previously omitted from a prospectus filed as part of an effective registration statement in reliance
upon Rule 430A under the Act) included in the Shelf Registration Statement, as amended or supplemented by any prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by the Shelf
Registration Statement and by all other amendments and supplements to such prospectus, including all material incorporated by reference in such prospectus and all documents filed after the date of such prospectus by Host REIT under the Exchange Act
and incorporated by reference therein. 
  

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 “Purchase Agreement” means the purchase agreement, dated as of March 10, 2004 between
the Initial Purchasers, the Company, Host REIT and the Guarantors named therein relating to the Debentures. 
  
 “Registrable Securities” means all shares of Host REIT Common Stock issuable upon exchange, repurchase or redemption of the Debentures;
provided, however, that a security ceases to be a Registrable Security when it is no longer a Restricted Security. 
  
 “Registration Default” has the meaning assigned thereto in Section 7(a) hereof. 
  
 “Restricted Security” means any share of Host REIT Common
Stock issuable upon exchange of the Debentures except any such share of Host REIT Common Stock that (i) has been effectively registered under the Securities Act and sold in a manner contemplated by the Shelf Registration Statement or (ii) has been
transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or is transferable pursuant to paragraph (k) of such Rule 144 (or any successor provision thereto). 
 . 
  
 “Rules and Regulations” means the published rules and regulations of the Commission promulgated under the Securities Act or the Exchange
Act, as in effect at any relevant time. 
  
 “Shelf
Registration” means a registration effected pursuant to Section 2 hereof. 
  
 “Shelf Registration Statement” means a “Shelf” registration statement filed under the Securities Act providing for the registration of, and the sale on a continuous or delayed basis by the
Holders of, all of the Registrable Securities pursuant to Rule 415 under the Securities Act and/or any similar rule that may be adopted by the Commission, filed by Host REIT pursuant to the provisions of Section 2 of this Agreement, including the
Prospectus contained therein, any amendments and supplements to such registration statement, including post-effective amendments, and all exhibits and all material incorporated by reference in such registration statement. 
  
 “Suspension Period” has the meaning assigned thereto in
Section 2(d) hereof. 
  
 “Trustee” shall have the
meaning set forth in the Indenture. 
  
 The term
“underwriter” means any underwriter of Registrable Securities in connection with an offering thereof under a Shelf Registration Statement. 
  
 Wherever there is a reference in this Agreement to a percentage of the “principal amount” of Debentures, Host REIT Common Stock shall be treated
as representing the principal amount of Debentures that was surrendered for conversion or exchange in order to receive such number of shares of Host REIT Common Stock. 
  
 2. Shelf Registration. 
  
 (a) Host REIT shall, no later than 120 calendar days following the Closing Date, file with the Commission a Shelf Registration Statement relating to the
offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement and, thereafter, shall use its commercially
reasonable efforts to cause such Shelf Registration Statement to be declared effective under the Act no later than 210 calendar days following the Closing Date; provided, however, that Host REIT may, upon written notice to the Trustee,
postpone having the Shelf Registration Statement declared effective for a reasonable period 
  

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 not to exceed 90 days if Host REIT possesses material non-public information, the disclosure of which would have a
material adverse effect on Host REIT and its subsidiaries taken as a whole as determined by the CEO or CFO of Host REIT and subject to its obligations to pay Liquidated Damages as provided in Section 7; provided, further, however, that no
Holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement or to use the Prospectus forming a part thereof for resales of Registrable Securities unless such Holder is an Electing Holder. 
  
 (b) Host REIT shall use its commercially reasonable efforts: 
  
 (i) to keep the Shelf Registration Statement continuously
effective under the Act in order to permit the Prospectus forming a part thereof to be usable by Holders for a period expiring on the earlier of (1) the sale of all Registrable Securities registered under the Shelf Registration Statement and (2) one
year after the last date that Debentures have been exchanged for shares of Host REIT Common Stock has been issued (such period being referred to herein as the “Effectiveness Period”); 
  
 (ii) after the Effective Time of the Shelf Registration
Statement, promptly upon the request of any Electing Holder of Registrable Securities, to take any action reasonably necessary to enable such Electing Holder to use the Prospectus forming a part thereof for resales of Registrable Securities,
including, without limitation, any action necessary to identify such Electing Holder as a selling securityholder in the Shelf Registration Statement; and 
  
 (iii) if at any time the Debentures, pursuant to Article 6.07 of the Indenture, are exchangeable into securities other than Host REIT
Common Stock, to cause, or to cause any successor under the Indenture to cause such securities to be included in the Shelf Registration Statement no later than the date on which the Debentures may then be exchangeable or convertible into such
securities. 
  
 (c) Host REIT shall be deemed not to have used
its commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period if Host REIT voluntarily takes any action that would result in Holders of Registrable Securities covered thereby not being able to
offer and sell any of such Registrable Securities during that period, unless (i) Host REIT is required by applicable law, or (ii) if the CEO or CFO of Host REIT shall have determined in good faith that under circumstances related to acquisition or
divestiture of assets, pending corporate developments, public filings with the SEC, or other similar events, it is in the best interests of Host REIT to suspend the use of the Prospectus. 
  
 (d) Host REIT may suspend the use of the Prospectus for a period not to
exceed 30 days in any 90-day period or an aggregate of 90 days in any 12-month period (each a “Suspension Period) for the reasons set forth in 2 (c) above if, prior to suspending such use, Host REIT provides the Holders with written notice of
such suspension, which notice need not specify the nature of the event giving rise to such suspension. 
  
 3. Registration Procedures. In connection with the Shelf Registration Statement, the following provisions shall apply: 
  
 (a) 
  
 (i) Not less than 30 calendar days prior to the Effective Time of the Shelf Registration Statement, Host
REIT shall mail the Notice and Questionnaire to the Trustee for delivery to the Holders. No Holder shall be entitled to be named as a selling securityholder in the 
  

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 Shelf Registration Statement as of the Effective Time, and no Holder shall be entitled to use the
Prospectus forming a part thereof for resales of Registrable Securities at any time, unless such Holder has returned a completed and signed Notice and Questionnaire to Host REIT by the deadline for response set forth therein; provided,
however, Holders of Registrable Securities shall have at least 28 calendar days from the date on which the Notice and Questionnaire is first mailed to such Holders to return a completed and signed Notice and Questionnaire to Host REIT.

  
 (ii) After the Effective Time of the Shelf
Registration Statement, Host REIT shall, upon the request of any Holder of Registrable Securities that is not then an Electing Holder, promptly send a Notice and Questionnaire to such Holder. Host REIT shall not be required to take any action to
name such Holder as a selling securityholder in the Shelf Registration Statement or to enable such Holder to use the Prospectus forming a part thereof for resales of Registrable Securities until such Holder has returned a completed and signed Notice
and Questionnaire to Host REIT. If a Notice and Questionnaire is delivered to Host REIT during a Suspension Period, Host REIT shall not be obligated to take actions to name the Holder delivering such Notice and Questionnaire as a selling security
holder in the Shelf Registration Statement until the termination of such Suspension Period. 
  
 (iii) The term “Electing Holder” shall mean any Holder of Registrable Securities that has returned a completed and signed Notice
and Questionnaire to Host REIT in accordance with Section 3(a)(i) or 3(a)(ii) hereof. 
  
 (b) Host REIT shall furnish to the Trustee for delivery to each Electing Holder, prior to the Effective Time, a sufficient number of copies of the Shelf Registration Statement initially filed with the Commission, and
shall furnish to the Trustee for delivery to each such Holder, prior to the filing thereof with the Commission, sufficient copies of each amendment thereto and each amendment or supplement, if any, to the Prospectus included therein, (but not
including any reports, other documents and exhibits that are filed with or incorporated by reference in the Shelf Registration Statement) and shall use its reasonable best efforts to reflect in each such document, at the Effective Time or when so
filed with the Commission, as the case may be, such comments as such Holders and their respective counsel reasonably may propose. 
  
 (c) Host REIT shall promptly take such action as may be necessary so that (i) each of the Shelf Registration Statement and any amendment thereto and the
Prospectus forming a part thereof and any amendment or supplement thereto (and each report or other document incorporated therein by reference in each case) complies in all material respects with the Securities Act and the Exchange Act and the
respective rules and regulations thereunder, (ii) each of the Shelf Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading and (iii) each of the Prospectus forming a part of the Shelf Registration Statement, and any amendment or supplement to such Prospectus, does not at any time during the
Effectiveness Period include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 (d) Host REIT shall promptly advise the Trustee, and shall confirm such
advice in writing if so requested by the Trustee: 
  
 (i) when a Shelf Registration Statement and any amendment thereto has been filed with the Commission and when a Shelf Registration Statement or any post-effective amendment thereto has become effective; 
  

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 (ii) of any request by the Commission for amendments or supplements to the Shelf
Registration Statement or the Prospectus included therein or for additional information; 
  
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Shelf Registration Statement or the
initiation of any proceedings for such purpose; 
  
 (iv) of the receipt by Host REIT of any notification with respect to the suspension of the qualification of the securities included in the Shelf Registration Statement for sale in any jurisdiction or the initiation of any proceeding for
such purpose; and 
  
 (v) of the happening of any
event or the existence of any state of facts that requires the making of any changes in the Shelf Registration Statement or the Prospectus included therein so that, as of such date, such Shelf Registration Statement and Prospectus do not contain an
untrue statement of a material fact and do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in light of the circumstances under which they were made) not
misleading (which advice shall be accompanied by an instruction to such Holders to suspend the use of the Prospectus until the requisite changes have been made, which notice need not specify the nature of the event giving rise to such suspension).

  
 (e) Host REIT shall use its reasonable best efforts to prevent
the issuance, and if issued to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of the Shelf Registration Statement. 
  
 (f) Host REIT shall furnish to the Trustee for delivery to each Electing Holder, without charge, at least one copy of the
Shelf Registration Statement and all post-effective amendments thereto, including financial statements and schedules, and, if such Electing Holder so requests in writing, all reports, other documents and exhibits that are filed with or incorporated
by reference in the Shelf Registration Statement. 
  
 (g) Host
REIT shall, during the Effectiveness Period, deliver to each Electing Holder, without charge, as many copies of the Prospectus (including each preliminary Prospectus) included in the Shelf Registration Statement and any amendment or supplement
thereto as such Electing Holder may reasonably request; and Host REIT consents (except during a Suspension Period or during the continuance of any event described in Section 3(d)(v) above) to the use of the Prospectus and any amendment or supplement
thereto by each of the Electing Holders in connection with the offering and sale of the Registrable Securities covered by the Prospectus and any amendment or supplement thereto during the Effectiveness Period. 
  
 (h) Prior to any offering of Registrable Securities pursuant to the Shelf
Registration Statement, Host REIT shall (i) register or qualify or cooperate with the Electing Holders and their respective counsel in connection with the registration or qualification of such Registrable Securities for offer and sale under the
securities or “blue sky” laws of such jurisdictions within the United States as any Electing Holder may reasonably request, (ii) keep such registrations or qualifications in effect and comply with such laws so as to permit the continuance
of offers and sales in such jurisdictions for so long as may be necessary to enable any Electing Holder or underwriter, if any, to complete its distribution of Registrable Securities pursuant to the Shelf Registration Statement, and (iii) take any
and all other actions necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities; provided, however, that in no event shall Host REIT be obligated to (A) qualify as a foreign corporation or as a
dealer in securities in any jurisdiction where it would not otherwise be required to so qualify but 
  

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 for this Section 3(h) or (B) file any general consent to service of process in any jurisdiction where it is not as of the
date hereof so subject. 
  
 (i) Unless any Registrable Securities
shall be in book-entry only form, Host REIT shall cooperate with the Electing Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to the Shelf Registration Statement,
which certificates, if so required by any securities exchange upon which any Registrable Securities are listed, shall be penned, lithographed or engraved, or produced by any combination of such methods, on steel engraved borders, and which
certificates shall be free of any restrictive legends (other than certain REIT related legends) and in such permitted denominations and registered in such names as Electing Holders may request in connection with the sale of Registrable Securities
pursuant to the Shelf Registration Statement. 
  
 (j) Upon the
occurrence of any fact or event contemplated by paragraph 3(d)(v) above, Host REIT shall promptly prepare a post-effective amendment to any Shelf Registration Statement or an amendment or supplement to the related Prospectus or file any other
required document with the Commission so that, as thereafter delivered to purchasers of the Registrable Securities included therein, the Prospectus will not include an untrue statement of a material fact or omit to state any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading. If Host REIT notifies the Trustee of the occurrence of any fact or event contemplated by paragraph 3(d)(v) above, the Electing Holder shall
suspend the use of the Prospectus until the requisite changes to the Prospectus have been made. 
  
 (k) [Intentionally omitted]. 
  
 (l) Host REIT shall use its reasonable best efforts to comply with all applicable Rules and Regulations in all material respects, and to make generally
available to its securityholders as soon as practicable, but in any event not later than eighteen months after (i) the effective date (as defined in Rule 158(c) under the Securities Act) of the Shelf Registration Statement, (ii) the effective date
of each post-effective amendment to the Shelf Registration Statement, and (iii) the date of each filing by Host REIT with the Commission of an Annual Report on Form 10-K that is incorporated by reference in the Shelf Registration Statement, an
earning statement of Host REIT its subsidiaries complying with Section 11(a) of the Securities Act and the rules and regulations of the Commission thereunder (including, at the option of Host REIT, Rule 158). 
  
 (m) [Intentionally omitted]. 
  
 (n) In the event of an underwritten offering conducted pursuant to Section 6
hereof, Host REIT shall, if requested, promptly include or incorporate in a Prospectus supplement or post-effective amendment to the Shelf Registration Statement such information as the Managing Underwriters reasonably agree should be included
therein and to which Host REIT does not reasonably object and shall make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after it is notified of the matters to be included or incorporated in such
Prospectus supplement or post-effective amendment. 
  
 (o) Host
REIT shall enter into such customary agreements (including an underwriting agreement in customary form in the event of an underwritten offering conducted pursuant to Section 6 hereof) and take all other appropriate action in order to expedite and
facilitate the registration and disposition of the Registrable Securities, and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures substantially identical

  

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 to those set forth in Section 5 hereof with respect to all parties to be indemnified pursuant to Section 5 hereof.

  
 (p) Host REIT shall: 
  
 (i) (A) make reasonably available for inspection by the
Electing Holders, any underwriter participating in any disposition pursuant to the Shelf Registration Statement, and any attorney, accountant or other agent retained by such Electing Holders or any such underwriter all relevant financial and other
records, pertinent corporate documents and properties of Host REIT and its subsidiaries, and (B) cause Host REIT’s officers, directors and employees to supply all information reasonably requested by such Electing Holders or any such
underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as is customary for similar due diligence examinations; provided, however, that all records, information and documents that are
designated in writing by Host REIT, in good faith, as confidential shall be kept confidential by such Electing Holders and any such underwriter, attorney, accountant or agent, unless such disclosure is made in connection with a court proceeding or
required by law, or such records, information or documents become available to the public generally or through a third party without an accompanying obligation of confidentiality; and provided further that, if the foregoing inspection and
information gathering would otherwise disrupt Host REIT’s conduct of its business, such inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of the Electing Holders and the other parties entitled
thereto by one counsel designated by and on behalf of the Electing Holders and other parties; 
  
 (ii) in connection with any underwritten offering conducted pursuant to Section 6 hereof, make such representations and warranties to the
Electing Holders participating in such underwritten offering and to the Managing Underwriters, in form, substance and scope as are customarily made by Host REIT to underwriters in primary underwritten offerings of equity and exchangeable or
convertible debt securities, provided, that in no event shall the representations and warranties be broader then those set forth in the Purchase Agreement, other than appropriate changes to reflect changed circumstances or changed legal
requirements; 
  
 (iii) in connection with any
underwritten offering conducted pursuant to Section 6 hereof, obtain opinions of counsel to Host REIT (which counsel and opinions (in form, scope and substance) shall be consistent with the opinions of counsel of Host REIT delivered in underwritten
public offerings and be reasonably satisfactory to the Managing Underwriters) addressed to each Electing Holder participating in such underwritten offering and the underwriters, covering such matters as are customarily covered in opinions requested
in primary underwritten offerings of equity and exchangeable or convertible debt securities and such other matters as may be reasonably requested by such Electing Holders and underwriters (it being agreed that the matters to be covered by such
opinions shall include, without limitation, as of the date of the opinion and as of the Effective Time of the Shelf Registration Statement or most recent post-effective amendment thereto, as the case may be, the absence from the Shelf Registration
Statement and the Prospectus, including the documents incorporated by reference therein, of an untrue statement of a material fact or the omission of a material fact required to be stated therein (in the case of the Prospectus, in light of the
circumstances in which they were made) or necessary to make the statements therein not misleading; 
  
 (iv) in connection with any underwritten offering conducted pursuant to Section 6 hereof, obtain “cold comfort” letters and
updates thereof from the independent public accountants 
  

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 of Host REIT (and, if necessary, from the independent public accountants of any subsidiary of Host REIT
or of any business acquired by Host REIT for which financial statements and financial data are, or are required to be, included in the Shelf Registration Statement), addressed to each Electing Holder participating in such underwritten offering (if
such Electing Holder has provided such letter, representations or documentation, if any, required for such cold comfort letter to be so addressed) and the underwriters, in customary form and covering matters of the type customarily covered in
“cold comfort” letters in connection with primary underwritten offerings; 
  
 (v) in connection with any underwritten offering conducted pursuant to Section 6 hereof, deliver such documents and certificates as may be
reasonably requested by any Electing Holders participating in such underwritten offering and the Managing Underwriters, if any, including, without limitation, certificates to evidence compliance with Section 3(i) hereof and with any conditions
contained in the underwriting agreement or other agreements entered into by Host REIT; provided that in no event shall the Company, Host REIT nor any of its officers and directors be required to enter into any agreements not to offer or sell Host
REIT Common Stock or other securities (i.e., “lock-up letters”). 
  
 (q) Host REIT will use its reasonable best efforts to cause the Host REIT Common Stock issuable upon exchange of the Debentures to be listed on the New York Stock Exchange or other stock exchange or trading system on
which the Host REIT Common Stock primarily trades on or prior to the Effective Time of the Shelf Registration Statement hereunder. 
  
 (r) In the event that any broker dealer registered under the Exchange Act shall be an “affiliate” (as defined in Rule 2720(b)(1) of the NASD
Rules (or any successor provision thereto)) of Host REIT or has a “conflict of interest” (as defined in Rule 2720(b)(7) of the NASD Rules (or any successor provision thereto)) and such broker dealer shall underwrite, participate as a
member of an underwriting syndicate or selling group or assist in the distribution of any Registrable Securities covered by the Shelf Registration Statement, whether as a Holder of such Registrable Securities or as an underwriter, a placement or
sales agent or a broker or dealer in respect thereof, or otherwise, Host REIT shall assist such broker dealer in complying with the requirements of the NASD Rules, including, without limitation, by (A) engaging a “qualified independent
underwriter” (as defined in Rule 2720(b)(15) of the NASD Rules (or any successor provision thereto)) to participate in the preparation of the registration statement relating to such Registrable Securities, to exercise usual standards of due
diligence in respect thereto and to recommend the public offering price of such Registrable Securities, (B) indemnifying such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof, and
(C) providing such information to such broker dealer as may be required in order for such broker-dealer to comply with the requirements of the NASD Rules. 
  
 (s) Host REIT shall use its commercially reasonable efforts to take all other steps necessary to effect the registration, offering and sale of the
Registrable Securities covered by the Shelf Registration Statement contemplated hereby. 
  
 (t) Notwithstanding any provision of this Section 3 to the contrary, Host REIT shall not be required to amend or supplement the Shelf Registration Statement during a Suspension Period. 
  
 4. Registration Expenses. Except as otherwise provided in Section 3,
the Company shall bear all fees and expenses incurred in connection with the performance of its obligations under Sections 2, 3 and 6 hereof and shall bear or reimburse the Electing Holders for the reasonable fees and disbursements of a single
counsel selected by a plurality of all Electing Holders who own an aggregate of not less than 25% of the Registrable Securities covered by the Shelf Registration Statement to act as counsel therefore 
  

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 in connection therewith. Each Electing Holder shall pay all underwriting discounts and commissions and transfer taxes, if
any, relating to the sale or disposition of such Electing Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
  
 5. Indemnification and Contribution. 
  
 (a) Indemnification by the Company and Host REIT. Upon the registration of the Registrable Securities pursuant to Section 2 hereof, the Company and
Host REIT, jointly and severally, shall indemnify and hold harmless each Electing Holder and each underwriter, selling agent or other securities professional, if any, which facilitates the disposition of Registrable Securities, and each of their
respective officers and directors and each person who controls such Electing Holder, underwriter, selling agent or other securities professional within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (each such
person being sometimes referred to as an “Indemnified Person”) against any losses, claims, damages or liabilities, joint or several, to which such Indemnified Person may become subject under the Securities Act or otherwise, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Shelf Registration Statement under which such Registrable
Securities are to be registered under the Securities Act, or any Prospectus contained therein or furnished by Host REIT to any Indemnified Person, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and the Company and Host REIT hereby, jointly and severally agree, to reimburse such Indemnified Person for any legal
or other expenses reasonably incurred by them in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that neither the Company nor Host REIT shall be liable to any such
Indemnified Person in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such Shelf Registration Statement
or Prospectus, or amendment or supplement, in reliance upon and in conformity with written information furnished to Host REIT by such Indemnified Person expressly for use therein and provided further that, to the extent a physical delivery of a
prospectus is required under applicable law, with respect to any untrue statement or alleged untrue statement in or omission or alleged omission from any Prospectus, the indemnity agreement contained in this subsection (a) shall not inure to the
benefit of any Holder that sold the Registrable Securities concerned to the person asserting any such losses, claims, damages or liabilities to the extent that they result from the fact that there was not sent or given to such person, at or prior to
the written confirmation of the sale of such Registrable Securities to such person, a copy of the Prospectus, as amended or supplemented, if Host REIT had previously furnished copies thereof to such Holder and the untrue statement or alleged untrue
statement or omission or alleged omission was corrected in such Prospectus, as amended or supplemented. 
  
 (b) Indemnification by the Electing Holders and any Agents and Underwriters. Each Electing Holder agrees, as a consequence of the inclusion of any
of such Electing Holder’s Registrable Securities in such Shelf Registration Statement, and each underwriter, selling agent or other securities professional, if any, which facilitates the disposition of Registrable Securities shall agree, as a
consequence of facilitating such disposition of Registrable Securities, severally and not jointly, to (i) indemnify and hold harmless the Company, Host REIT and their respective directors, officers who sign any Shelf Registration Statement and each
person, if any, who controls either the Company or Host REIT within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, against any losses, claims, damages or liabilities to which the Company or Host REIT or
such other persons may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a
material fact contained in such Shelf Registration Statement or Prospectus, 

  

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 or any amendment or supplement, or arise out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was
made in reliance upon and in conformity with written information furnished to Host REIT by such Electing Holder, underwriter, selling agent or other securities professional expressly for use therein, and (ii) reimburse the Company or Host REIT, as
applicable, for any legal or other expenses reasonably incurred by the Company or Host REIT in connection with investigating or defending any such action or claim as such expenses are incurred. 
  
 (c) Notices of Claims, Etc. Promptly after receipt by an indemnified
party under subsection (a) or (b) above of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party under this Section 5, notify such indemnifying party in
writing of the commencement thereof; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under the indemnification provisions of or contemplated by
subsection (a) or (b) above. In case any such action shall be brought against any indemnified party and it shall notify an indemnifying party of the commencement thereof, such indemnifying party shall be entitled to participate therein and, to the
extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel
to the indemnifying party), and, after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, such indemnifying party shall not be liable to such indemnified party under this Section 5 for any
legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall, without the
written consent of the indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of
such action or claim and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any indemnified party. 
  
 (d) Contribution. If the indemnification provided for in this Section 5 is unavailable to or insufficient to hold
harmless an indemnified party under subsection (a) or (b) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable
by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party in connection
with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative fault of such indemnifying party and indemnified
party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by such indemnifying party or
by such indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contribution
pursuant to this Section 5(d) were determined by pro rata allocation (even if the Electing Holders or any underwriters, selling agents or other securities professionals or all of them were treated as one entity for such purpose) or by any other
method of allocation which does not take account of the equitable considerations referred to in this Section 5(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect
thereof) referred to above shall be 

  

 11 

 deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The obligations of the Electing Holders and any underwriters, selling agents or other securities professionals in this Section 5(d) to contribute shall be several in proportion to the percentage of principal amount of Registrable
Securities registered or underwritten, as the case may be, by them and not joint. 
  
 (e) Notwithstanding any other provision of this Section 5, in no event will any (i) Electing Holder be required to undertake liability to any person under this Section 5 for any amounts in excess of the dollar amount
of the proceeds to be received by such Holder from the sale of such Holder’s Registrable Securities (after deducting any fees, discounts and commissions applicable thereto) pursuant to any Shelf Registration Statement under which such
Registrable Securities are to be registered under the Securities Act and (ii) underwriter, selling agent or other securities professional be required to undertake liability to any person hereunder for any amounts in excess of the discount,
commission or other compensation payable to such underwriter, selling agent or other securities professional with respect to the Registrable Securities underwritten by it and distributed to the public. 
  
 (f) The obligations of the Company and Host REIT under this Section 5 shall
be in addition to any liability which the Company or Host REIT may otherwise have to any Indemnified Person and the obligations of any Indemnified Person under this Section 5 shall be in addition to any liability which such Indemnified Person may
otherwise have to the Company or Host REIT. The remedies provided in this Section 5 are not exclusive and shall not limit any rights or remedies which may otherwise be available to an indemnified party at law or in equity. 
  
 6. Underwritten Offering. Any Holder of Registrable Securities who
desires to do so may sell Registrable Securities (in whole or in part) in an underwritten offering; provided that (i) the Electing Holders of at least 33 1/3% of the Registrable Securities then covered by the Shelf Registration Statement shall request such an offering and (ii) at least such amount of such Registrable Securities shall
be included in such offering; and provided further that Host REIT shall not be obligated to cooperate with more than one underwritten offering during the Effectiveness Period. Upon receipt of such a request, Host REIT shall provide all
Holders of Registrable Securities written notice of the request, which notice shall inform such Holders that they have the opportunity to participate in the offering. In any such underwritten offering, the investment banker or bankers and manager or
managers that will administer the offering will be selected by, and the underwriting arrangements with respect thereto (including the size of the offering) will be approved by, the holders of a majority of the Registrable Securities to be included
in such offering; provided, however, that such investment bankers and managers and underwriting arrangements must be reasonably satisfactory to Host REIT. No Holder may participate in any underwritten offering contemplated hereby unless (a)
such Holder agrees to sell such Holder’s Registrable Securities to be included in the underwritten offering in accordance with any approved underwriting arrangements, (b) such Holder completes and executes all reasonable questionnaires, powers
of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such approved underwriting arrangements, and (c) if such Holder is not then an Electing Holder, such Holder returns a completed and
signed Notice and Questionnaire to Host REIT in accordance with Section 3(a)(ii) hereof within a reasonable amount of time before such underwritten offering. The Holders participating in any underwritten offering shall be responsible for any
underwriting discounts and commissions and fees and, subject to Section 4 hereof, expenses of their own counsel. Host REIT shall pay all expenses customarily borne by issuers in an underwritten offering, including but not limited to filing fees, the
fees and disbursements of its counsel and independent public accountants and any printing expenses incurred in connection with such underwritten offering. Notwithstanding the foregoing or the provisions of 

  

 12 

 Section 3(n) hereof, upon receipt of a request from the Managing Underwriter or a representative of holders of a majority
of the Registrable Securities to be included in an underwritten offering to prepare and file an amendment or supplement to the Shelf Registration Statement and Prospectus in connection with an underwritten offering, Host REIT may delay the filing of
any such amendment or supplement for up to 90 days if the Board of Directors or the CEO or CFO of Host REIT shall have determined in good faith that Host REIT has a bona fide business reason for such delay. 
  
 7. Liquidated Damages. 
  
 (a) Notwithstanding any postponement of effectiveness pursuant to Section
2(a) hereof, if (i) on or prior to the 120th day following the Closing Date, a Shelf Registration Statement has not been filed with the Commission or (ii) on or prior to the 210th day following the Closing Date, such Shelf Registration Statement is
not declared effective by the Commission (each, a “Registration Default”), Host REIT shall be required to pay liquidated damages (“Liquidated Damages”), from and including the day following such Registration Default until such
Shelf Registration Statement is either so filed or so filed and subsequently declared effective, as applicable, at a rate per annum equal to an additional one-quarter of one percent (0.25%) of the principal amount of the Debentures, to and including
the 90th day following such Registration Default and one-half of one percent (0.50%) thereof from and after the 91st day following such Registration Default. 
  

(b) In the event that the Shelf Registration Statement ceases to be effective or usable other than as a result of a Suspension Period (or the Holders
of Registrable Securities are otherwise prevented or restricted by Host REIT from effecting sales pursuant thereto) (an “Effective Failure”) for more than 10 business days and Host REIT does not restore effectiveness or Host REIT does not
terminate a Suspension Period by the 30th day in any 90-day period or if suspension exceeds 90 days in any 360-day period, then Host REIT shall pay Liquidated Damages at a rate per annum equal to an additional one-quarter of one percent (0.25%) of
the principal amount of the Debentures from the day following the 10th business day day following the date that such Shelf Registration Statement ceases to be effective (or the Holders of Registrable Securities are otherwise prevented or restricted
by Host REIT from effecting sales pursuant thereto) or on the 31st or 91st day, as the case may be, in the case of a Suspension Period, for a period of 90 days, and thereafter shall pay Liquidated Damages at a rate per annum equal to an additional
one-half of one percent (0.50%), until the earlier of (i) the time the Shelf Registration Statement again becomes effective or the Holders of Registrable Securities are again able to make sales under the Shelf Registration Statement or (2) the time
the Effectiveness Period expires. For the purpose of determining an Effective Failure, days on which Host REIT has been obligated to pay Liquidated Damages in accordance with the foregoing in respect of a prior Effective Failure within the
applicable period, as the case may be, shall not be included. 
  
 (c) In the event Host REIT fails to file a post-effective amendment to the Shelf Registration Statement when required hereunder, or the post-effective amendment is not declared effective, within ten business days following the filing of
such post-effective amendment, Host REIT shall pay Liquidated Damages at a rate per annum equal to an additional one-half of one percent (0.50%) of the principal amount of the Debentures from and including the date of such Registration Default until
such time as such Registration Default is cured. 
  
 (d) Any
amounts to be paid as Liquidated Damages pursuant to paragraphs (a), (b) or (c) of this Section 7 shall be paid in cash semi-annually in arrears, with the first semi-annual payment due on the first Interest Payment Date (as defined in the
Indenture), as applicable, following the date of such Registration Default or Effective Failure, as applicable. Such Liquidated Damages will accrue (1) in respect of the Debentures at the rates set forth in paragraphs (a), (b) or (c) of this Section
7, as applicable, 
  

 13 

 on the principal amount of the Debentures and (2) in respect of the Host REIT Common Stock issued upon exchange of the
Debentures, at the rates set forth in paragraphs (a), (b) or (c) of this Section 7, as applicable, applied to the Exchange Price (as defined in the Indenture) at that time. 
  
 (e) Except as provided in Section 8(b) hereof, the Liquidated Damages as set forth in this Section 7 shall be the exclusive
monetary remedy available to the Holders of Registrable Securities for such Registration Default or Effective Failure. In no event shall Host REIT be required to pay Liquidated Damages in excess of the applicable maximum amount of one-half of one
percent (0.50%) set forth above, regardless of whether one or multiple Registration Defaults or Effective Failures exist. 
  
 8. Miscellaneous. 
  
 (a) Other Registration Rights. Host REIT may grant registration rights that would permit any person that is a third party the right to piggy-back
on any Shelf Registration Statement, provided that if the Managing Underwriter of any underwritten offering conducted pursuant to Section 6 hereof notifies Host REIT and the Electing Holders that the total amount of securities which the
Electing Holders and the holders of such piggy-back rights intend to include in any Shelf Registration Statement is so large as to materially threaten the success of such offering (including the price at which such securities can be sold), then the
amount, number or kind of securities to be offered for the account of holders of such piggy-back rights will be reduced to the extent necessary to reduce the total amount of securities to be included in such offering to the amount, number and kind
recommended by the Managing Underwriter prior to any reduction in the amount of Registrable Securities to be included in such Shelf Registration Statement except with respect to securities included by virtue of the piggy-back rights provided under
that certain Registration Rights Agreement, dated as of December 30, 1998, by and among Host REIT and the Contributors named therein, in effect as of the date hereof. 
  
 (b) Specific Performance. The parties hereto acknowledge that there would be no adequate remedy at law if Host REIT
fails to perform any of its obligations hereunder and that the Initial Purchasers and the Holders from time to time may be irreparably harmed by any such failure, and accordingly agree that the Initial Purchasers and such Holders, in addition to any
other remedy to which they may be entitled at law or in equity and without limiting the remedies available to the Electing Holders under Section 7 hereof, shall be entitled to compel specific performance of the obligations of Host REIT under this
Registration Rights Agreement in accordance with the terms and conditions of this Registration Rights Agreement, in any court of the United States or any State thereof having jurisdiction. 
  
 (c) Amendments and Waivers. This Agreement, including this Section
8(c), may be amended, and waivers or consents to departures from the provisions hereof may be given, only by a written instrument duly executed by Host REIT and the holders of a majority of Registrable Securities then outstanding. Each Holder of
Registrable Securities outstanding at the time of any such amendment, waiver or consent or thereafter shall be bound by any amendment, waiver or consent effected pursuant to this Section 8(c), whether or not any notice, writing or marking indicating
such amendment, waiver or consent appears on the Registrable Securities or is delivered to such Holder. 
  
 (d) Notices. Unless otherwise specified herein, all notices and other communications provided for or permitted hereunder shall be given as provided
in the Indenture. For so long as the Debentures are in Book Entry Form, and as permitted by the DTC, all notices, reports and other documents to the Holders shall be delivered through the facilities of the DTC by the Trustee. 
  
 (e) Parties in Interest. The parties to this Agreement intend that all
Holders of Registrable Securities shall be entitled to receive the benefits of this Agreement and that any Electing Holder shall be 
  

 14 

 bound by the terms and provisions of this Agreement by reason of such election with respect to the Registrable Securities
which are included in a Shelf Registration Statement. All the terms and provisions of this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the respective successors and assigns of the parties hereto and any
Holder from time to time of the Registrable Securities to the aforesaid extent. In the event that any transferee of any Holder of Registrable Securities shall acquire Registrable Securities, in any manner, whether by gift, bequest, purchase,
operation of law or otherwise, such transferee shall, without any further writing or action of any kind, be entitled to receive the benefits of and, if an Electing Holder, be conclusively deemed to have agreed to be bound by and to perform all of
the terms and provisions of this Agreement to the aforesaid extent. 
  
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall
constitute one and the same agreement. 
  
 (g) Headings.
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
  
 (h) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, including, without
limitation, Section 5-1401 of the New York General Obligation Law. 
  
 (i) Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it being intended that all of the rights and privileges of the parties hereto shall be
enforceable to the fullest extent permitted by law. 
  
 (j)
Survival. The respective indemnities, agreements, representations, warranties and other provisions set forth in this Agreement or made pursuant hereto shall remain in full force and effect, regardless of any investigation (or any statement as
to the results thereof) made by or on behalf of any Electing Holder, any director, officer or partner of such Holder, any agent or underwriter, any director, officer or partner of such agent or underwriter, or any controlling person of any of the
foregoing, and shall survive the transfer and registration of the Registrable Securities of such Holder. 
  
 [signature pages follow] 
  

 15 

 Please confirm that the foregoing correctly sets forth the agreement between the Company, Host REIT and
you. 
  
 Very truly yours, 
  

			
	 HOST MARRIOTT CORPORATION

		
	By:	 	 
	 	 	

	 	 	 Name:
 Title:

  

			
	 HOST MARRIOTT, L.P.
 By: Host Marriott Corporation, its sole general partner

		
	By:	 	 
	 	 	

	 	 	 Name:
 Title:

  

			
	 Accepted as of the date hereof:
 GOLDMAN, SACHS & CO.
 On behalf of each of the Initial Purchasers

		
	By:	 	 
	 	 	

	 	 	 (Goldman, Sachs & Co.)

  
 March
16, 2004 
  

 16 

 Appendix A 
  

HOST MARRIOTT, L.P. 
 HOST MARRIOTT
CORPORATION 
  
 INSTRUCTION TO DTC PARTICIPANTS 

 
 (Date of Mailing) 
  
 URGENT—IMMEDIATE ATTENTION REQUESTED 
  
 DEADLINE FOR RESPONSE: [DATE] 
  
 The Depository Trust Company (“DTC”) has identified you as a DTC
Participant through which beneficial interests in the Host Marriott, L.P. (the “Company”) 3.25% Exchangeable Senior Debentures due 2024 (the “Debentures”) are held. 
  
 Host Marriott Corporation (“Host REIT”) is in the process of registering the shares of common stock, par value
$0.01 per share, of Host REIT (the “Host REIT Common Stock”) under the Securities Act of 1933 for resale by the beneficial owners thereof. In order to have their shares of Host REIT Common Stock included in the registration statement,
beneficial owners must complete and return the enclosed Notice of Registration Statement and Selling Securityholder Questionnaire. 
  
 It is important that beneficial owners of the Debentures (and the shares of Host REIT Common Stock into which the Debenture are exchangeable)
receive a copy of the enclosed materials as soon as possible as their rights to have shares of Host REIT Common Stock included in the registration statement depend upon their returning the Notice and Questionnaire by [Deadline for response].
Please forward a copy of the enclosed documents to each beneficial owner that holds interests in the Debentures through you. If you require more copies of the enclosed materials or have any questions pertaining to this matter, please contact Host
Marriott Corporation, 6903 Rockledge Drive, Suite 1500, Bethesda, Maryland 20817. 
  

 17 

 HOST MARRIOTT, L.P. 
 HOST MARRIOTT CORPORATION 
  
 Notice of Registration Statement 
 And 
 Selling Securityholder Questionnaire 
  
 [Date] 
  
 Host Marriott
Corporation (“Host REIT”) has filed with the United States Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 (the “Shelf Registration Statement”) for the registration and resale
under Rule 415 of the United States Securities Act of 1933, as amended (the “Securities Act”), shares of Host REIT common stock, par value $0.01 per share (the “Host REIT Common Stock”), issuable upon exchange of the 3.25%
Exchangeable Senior Debentures due 2024 (the “Debentures”) issued by Host Marriott, L.P., a Delaware limited partnership (the “Company”), in accordance with the Registration Rights Agreement, dated as of March 16, 2004 (the
“Registration Rights Agreement”), between the Company, Host REIT and the initial purchasers named therein. A copy of the Registration Rights Agreement is attached hereto. All capitalized terms not otherwise defined herein shall have the
meanings ascribed thereto in the Registration Rights Agreement. 
  
 In order to have Registrable Securities included in the Shelf Registration Statement (or a supplement or amendment thereto), this Notice of Registration Statement and Selling Securityholder Questionnaire (“Notice and
Questionnaire”) must be completed, executed and delivered to Host REIT at the address set forth herein for receipt ON OR BEFORE
                                         .
Beneficial owners of Registrable Securities who do not complete, execute and return this Notice and Questionnaire by such date (i) will not be named as selling securityholders in the Shelf Registration Statement and (ii) may not use the Prospectus
forming a part thereof for resales of Registrable Securities. 
  
 Certain legal consequences arise from being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. Accordingly, holders and beneficial owners of Registrable Securities are advised to consult their own
securities law counsel regarding the consequences of being named or not being named as a selling securityholder in the Shelf Registration Statement and related Prospectus. 
  
 The term “Registrable Securities” is defined in the Registration Rights Agreement to mean all shares of Host REIT
Common Stock issuable upon exchange of the Debentures; provided, however, that a security ceases to be a Registrable Security when it is no longer a Restricted Security. 
  
 The term “Restricted Security” is defined in the Registration Rights Agreement to mean any share of Host
REIT Common Stock issuable upon exchange of the Debentures except any such share of Host REIT Common Stock which (i) has been effectively registered under the Securities Act and sold in a manner contemplated by the Shelf Registration Statement, (ii)
has been transferred in compliance with Rule 144 under the Securities Act (or any successor provision thereto) or is transferable pursuant to paragraph (k) of such Rule 144 (or any successor provision thereto), or (iii) has otherwise been
transferred and a new share of Host REIT Common Stock not subject to transfer restrictions under the Securities Act has been delivered by or on behalf of Host REIT in accordance with the Indenture. 
  
 ELECTION 
  

 18 

 The undersigned holder (the “Selling Securityholder”) of Registrable Securities hereby elects to include in the
Shelf Registration Statement the Registrable Securities beneficially owned by it and listed below in Item (3). The undersigned, by signing and returning this Notice and Questionnaire, agrees to be bound with respect to such Registrable Securities by
the terms and conditions of this Notice and Questionnaire and the Registration Rights Agreement, including, without limitation, Section 5 of the Registration Rights Agreement regarding the obligation to indemnify and hold harmless certain persons as
set forth therein, as if the undersigned Selling Securityholder were an original party thereto. 
  
 Upon any sale of Registrable Securities pursuant to the Shelf Registration Statement, the Selling Securityholder will be required to deliver to Host REIT
the Notice of Transfer (completed and signed) set forth in Exhibit 1 to this Notice and Questionnaire. 
  
 The Selling Securityholder hereby provides the following information to Host REIT and represents and warrants that such information is accurate and
complete: 
  

 19 

 QUESTIONNAIRE 
  

	(1) (a)	Full Legal Name of Selling Securityholder: 

  

	 	

	(b)	Full Legal Name of Registered Holder (if not the same as in (a) above) of Registrable Securities Listed in Item (3) Below: 

  

	 	

	(c)	Full Legal Name of DTC Participant (if applicable and if not the same as (b) above) Through Which Registrable Securities Listed in Item (3) Below are Held: 

 

	 	

  

	(2)	Address for Notices to Selling Securityholder: 

  

					
	 	 	 	 	                                      
                         
	 	 	 	 	                                      
                         
	 	 	 	 	                                      
                         
	 	 	  Telephone:
	 	                                      
                         
	 	 	  Fax:
	 	                                      
                         
	 	 	  Contact Person:
	 	                                      
                         

  

	(3)	Beneficial Ownership of Securities: 

  
 Except as set forth below in this Item (3), the undersigned Selling Securityholder does not beneficially own any Registrable Securities.

  

	 	(a)	Principal amount of Debentures beneficially
owned:                                       
                                        
                                        
                    

  
 CUSIP No(s). of such
Debentures:                                      
                                        
                                        
                                        
              
  
 Number of shares of Host REIT Common Stock (if any) issued upon exchange, repurchase or redemption of
Debentures:                                      
                                        
                                        
                                        
                                        
                 
  

	 	(b)	Number of shares of Registrable Securities which the undersigned wishes to be included in the Shelf Registration 

 Statement:                                     
                                        
                                        
                                        
                                        
                     
 CUSIP No(s). of
such Registrable Securities to be included in the Shelf Registration
Statement:                                      
                  
  

	(4)	Beneficial Ownership of Other Securities of Host REIT: 

  
 Except as set forth below in this Item (4), the undersigned Selling Securityholder is not the beneficial or registered owner of any shares of Host REIT
Common Stock or any other securities of Host REIT (or securities of the Company that are convertible or exchangeable for securities of Host REIT), other than the Debentures and shares of Host REIT Common Stock listed above in Item (3).

  
 State any exceptions here: 
  

 20 

	(5)	Relationships with the Company or Host REIT: 

  
 Except as set forth below, neither the Selling Securityholder nor any of its affiliates, officers, directors or principal equity holders (5% or more)
has held any position or office or has had any other material relationship with the Company or Host REIT (or their predecessors or affiliates) during the past three years. 
  
 State any exceptions here: 
  
  

	(6)	Plan of Distribution: 

  
 Except as set forth below, the undersigned Selling Securityholder intends to distribute the Registrable Securities listed above in Item (3) only as
follows (if at all): Such Registrable Securities may be sold from time to time directly by the undersigned Selling Securityholder or, alternatively, through underwriters, broker-dealers or agents. Such Registrable Securities may be sold in one or
more transactions at fixed prices, at prevailing market prices at the time of sale, at varying prices determined at the time of sale, or at negotiated prices. Such sales may be effected in transactions (which may involve crosses or block
transactions) (i) on any national securities exchange or quotation service on which the Registrable Securities may be listed or quoted at the time of sale, (ii) in the over-the-counter market, (iii) in transactions otherwise than on such exchanges
or services or in the over-the-counter market, or (iv) through the writing of options. In connection with sales of the Registrable Securities or otherwise, the Selling Securityholder may enter into hedging transactions with broker-dealers, which may
in turn engage in short sales of the Registrable Securities in the course of hedging the positions they assume. The Selling Securityholder may also sell Registrable Securities short and deliver Registrable Securities to close out such short
positions, or loan or pledge Registrable Securities to broker-dealers that in turn may sell such securities. 
  
 State any exceptions here: 
  
  
 Note: In no event may such method(s) of distribution take the form of an
underwritten offering of the Registrable Securities without the prior agreement of Host REIT. 
  
 By signing below, the Selling Securityholder acknowledges that it understands its obligation to comply, and agrees that it will comply, with the prospectus delivery and other provisions of the Securities Act and the
Exchange Act and the rules and regulations thereunder, particularly Regulation M. 
  
 In the event that the Selling Securityholder transfers all or any portion of the Registrable Securities listed in Item (3) above after the date on which such information is provided to Host REIT, the Selling
Securityholder agrees to notify the transferee(s) at the time of the transfer of its rights and obligations under this Notice and Questionnaire and the Registration Rights Agreement. 
  

 21 

 By signing below, the Selling Securityholder consents to the disclosure of the information contained
herein in its answers to Items (1) through (6) above and the inclusion of such information in the Shelf Registration Statement and related Prospectus. The Selling Securityholder understands that such information will be relied upon by Host REIT in
connection with the preparation of the Shelf Registration Statement and related Prospectus. 
  
 In accordance with the Selling Securityholder’s obligation under Section 3(a) of the Registration Rights Agreement to provide such information as may be required by law for inclusion in the Shelf Registration
Statement, the Selling Securityholder agrees to promptly notify Host REIT of any inaccuracies or changes in the information provided herein which may occur subsequent to the date hereof at any time while the Shelf Registration Statement remains in
effect. All notices hereunder and pursuant to the Registration Rights Agreement shall be made in writing, by hand-delivery, first-class mail, or air courier guaranteeing overnight delivery as follows: 
  
 (i) To the Company or Host REIT: 
  

	
	
	

	
	

	
	

	
	

	
	

  
 (ii) With a copy to:

  

	
	
	

	
	

	
	

	
	

	
	

  
 Once this Notice and
Questionnaire is executed by the Selling Securityholder and received by Host REIT, the terms of this Notice and Questionnaire, and the representations and warranties contained herein, shall be binding on, shall inure to the benefit of and shall be
enforceable by the respective successors, heirs, personal representatives, and assigns of Host REIT and the Selling Securityholder (with respect to the Registrable Securities beneficially owned by such Selling Securityholder and listed in Item (3)
above). This Agreement shall be governed in all respects by the laws of the State of New York. 
  

 22 

 IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and Questionnaire to
be executed and delivered either in person or by its duly authorized agent. 
  
 Dated:                                     
       
  
                                       
                                        
                                        
                                        
                                        
                                        
           
 Selling Securityholder 
 (Print/type full legal name of beneficial owner of Registrable Securities) 
  
 By:                                      
                                        
                                        
                                        
                                        
                                         
 
 Name: 
 Title:

  
 PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE FOR RECEIPT
ON OR BEFORE                          TO THE COMPANY AT: 
 6903 Rockledge Drive, Suite 1500 
 Bethesda, Maryland 20817 
 Attention: General Counsel 
  

 23 

 Exhibit 1 
 to Appendix A 
  
 NOTICE OF
TRANSFER PURSUANT TO REGISTRATION STATEMENT 
  
 Host Marriott Corporation

 Host Marriott, L.P. 
 6903 Rockledge Drive, Suite 1500

 Bethesda, Maryland 20817 
 Attention: General Counsel

  
 Geovanni Barris 
 The Bank of New York 
 101 Barclay Street 
 Floor 8 West 
 New York, New York 10286 
 Attention: Corporate Trust Services 
  
 Re: Host
Marriott, L.P. (the “Company”) 
 Host Marriott Corporation (“Host REIT”) 
 3.25% Exchangeable Senior Debentures due 2024 (the “Debentures”) 
  
 Dear Sirs: 
  
 Please be advised that
                         has transferred
$                 shares of Host REIT’s common stock, issued upon exchange, repurchase or redemption of Debentures, pursuant to an effective Registration Statement
on Form [            ] (File No. 333-            ) filed by Host REIT. 
  
 We hereby certify that the prospectus delivery requirements, if any, of the
Securities Act of 1933, as amended, have been satisfied with respect to the transfer described above and that the above-named beneficial owner of the Host REIT common stock is named as a selling securityholder in the Prospectus dated [ date ], or in
amendments or supplements thereto, and that the number of shares of Host REIT common stock transferred are [a portion of] the shares of Host REIT common stock listed in such Prospectus as amended or supplemented opposite such owner’s name.

  
 Dated: 
  
 Very truly yours, 
  

                                      
                                        
             
 (Name) 
  
 By: 
  
                                       
                                        
             
 (Authorized Signature) 
  

 24Certificate of Designations

 Exhibit 4.15 
  
 CERTIFICATE OF DESIGNATIONS  
  
 Harken Energy Corporation, a Delaware corporation, DOES HEREBY CERTIFY: 
  
 That, pursuant to the authority conferred upon the Board of Directors of said
corporation by virtue of its certificate of incorporation as amended and in accordance with Section 151 of the General Corporation Law of the State of Delaware (the “DGCL”), said Board of Directors has duly adopted a resolution at a
special meeting of the Board of Directors held on March 09, 2004, providing for the issuance of a series of preferred stock, par value $1.00 per share, designated as Series G4 Convertible Preferred Stock, which resolution reads as follows:

  
 “RESOLVED, that the Board of Directors (the
“Board of Directors”) of Harken Energy Corporation (the “Corporation”) hereby authorizes the issuance of a series of preferred stock and fixes its designation, powers, preferences and relative, participating,
optional or other special rights, and qualifications, limitations and restrictions thereof, as follows: 
  
 Section 1. Designation. The distinctive serial designation of said series shall be “Series G4 Convertible Preferred Stock”
(hereinafter called “Series G4 Preferred Stock”). Each share of Series G4 Preferred Stock shall be identical in all respects with all other shares of Series G4 Preferred Stock. 
  
 Section 2. Number of Shares. The number of authorized shares of Series
G4 Preferred Stock shall be, in aggregate, 150,000 shares. The number of authorized shares of Series G4 Preferred Stock may be increased or reduced by the Board of Directors of the Corporation by the filing of a certificate pursuant to the
provisions of the DGCL stating that the change has been so authorized. When shares of Series G4 Preferred Stock are purchased or otherwise acquired by the Corporation or converted into Common Stock, par value $0.01 per share, of the Corporation (the
“Common Stock”), the Corporation shall take all necessary action to cause the shares of Series G4 Preferred Stock so purchased or acquired to be canceled and reverted to authorized but unissued shares of Series G4 Preferred Stock
undesignated as to series. 
  
 Section 3. Rank. The Series
G4 Preferred Stock shall, with respect to dividend rights and rights on liquidation, winding-up and dissolution, rank (i) junior to all claims of creditors, including holders of the Corporation’s outstanding debt securities, (ii) junior to all
obligations of the Corporation’s Subsidiaries (as defined in Section 13 below), (iii) senior to all classes of Common Stock and to each other class of preferred stock established hereafter by the Board of Directors of the Corporation, the terms
of which expressly provide that it ranks junior to the Series G4 Preferred Stock as to dividend rights and rights on liquidation, winding-up and dissolution of the Corporation (collectively referred to, together with all classes of Common Stock of
the Corporation, as “Junior Stock”), and (iv) on a parity with each other class of preferred stock established or issued hereafter by the Board of Directors of the Corporation the terms of which expressly provide that such class or
series shall rank on a parity with the Series G4 Preferred Stock as to dividend rights and rights on liquidation, winding-up and dissolution (collectively referred to as “Parity Stock”). The Corporation may authorize the issuance of
any amount of Parity Stock (which may provide for the payment of dividends in additional shares of Parity Stock in lieu of cash dividends) without the approval of the holders of the Series G4 Preferred Stock. The Series G4 Preferred Stock shall rank
as Parity Stock to the Series G1 Preferred Stock, Series G2 Preferred Stock and Series G-3 Preferred Stock of the Corporation, previously authorized by the Board. 
  
 Section 4. Dividends. 
  
 (a) The holders of record, as of the Record Date therefor, of the outstanding shares of Series G4 Preferred Stock shall be entitled to receive, out of
funds legally available therefor, dividends on the Series G4 Preferred Stock at a rate equal to $8.00 per share per annum (equivalent to 8% of the liquidation preference annually), payable semi-annually in arrears in cash or, at the option of the
Corporation, in Freely Tradeable shares of the Corporation’s Common Stock. If and when the Corporation shall elect from time to time to pay such dividends in shares of Common Stock, such shares will be valued at $2.00 per share; 
  

 1 

 provided, however, that the Corporation may elect to pay such dividends in shares of the Corporation’s Common Stock
only if such shares of Common Stock would upon issuance be Freely Tradeable (as defined in Section 13 below) by the Corporation; and, provided further, that (i) if the outstanding shares of Common Stock shall be subdivided into a greater number of
shares of Common Stock, such $2.00 per share valuation shall be proportionately reduced on the day upon which such subdivision becomes effective, and (ii) if the outstanding shares of Common Stock shall be combined into a smaller number of shares of
Common Stock, such $2.00 per share valuation shall be proportionately increased on the day such combination becomes effective. In case the Corporation shall take any action affecting the Common Stock, other than the aforementioned adjustments, which
in the Board of Directors’ view would materially adversely affect the conversion right of the holders of the shares of Series G4 Preferred Stock, such $2.00 valuation may be adjusted, to the extent permitted by law, in such manner, if any, and
at such time, as the Board of Directors may determine to be equitable in the circumstances; provided, however, that in no event shall the Board of Directors be required to take such action. 
  
 (b) All dividends shall accrue from the date of issuance of the Series G4
Preferred Stock and shall be payable semi-annually in arrears. Such dividends will be payable on June 30 and December 30 of each year (a “Dividend Payment Date”), commencing on December 30, 2004; provided, however, that if a
Dividend Payment Date is not a Stock Exchange Business Day, then the dividend shall be payable on the first immediately succeeding Stock Exchange Business Day. Dividends shall be paid to the holders of record of the Series G4 preferred Stock as
their names appear on the stock transfer records of the Corporation on the date designated by the Board of Directors (“Record Date”), provided, however, that such Record Date may not precede the date upon which the resolution fixing
the Record Date is adopted, and which Record Date may not be more than sixty (60) days prior to the Dividend Payment Date. Dividends shall be computed on the basis of a 360-day year of twelve 30-day months. 
  
 (c) No dividends may be declared or paid or funds set apart for the payment
of dividends on any Parity Stock for any period unless full dividends shall have been or contemporaneously are declared and paid in full or declared and a sum in cash sufficient for such payment set apart for such payment on the Series G4 Preferred
Stock. No dividends may be paid or set apart for such payment on Junior Stock (except dividends on Junior Stock payable in additional shares of Junior Stock) and no Junior Stock or Parity Stock may be repurchased or otherwise retired for value nor
may funds be set apart for payment with respect thereto, if dividends have not been paid in full on the Series G4 Preferred Stock in cash; provided, however, that the Corporation may repurchase Junior Stock (i) in the open market from time to
time as and to the fullest extent permitted by Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (240 C.F.R. § 10b-18), or corresponding rule from time to time in effect, and (ii) in a private purchase or in an
“issuer tender offer” as defined in Rule 13e-4 under the Exchange Act from time to time so long as such repurchases do not exceed ten percent (10%) of the then outstanding shares of Junior Stock. Interest of 5% per annum shall be payable
with respect to any dividend payment that may be in arrears. Except as provided above, so long as any shares of the Series G4 Preferred Stock are outstanding, the Corporation shall not make payment on account of the purchase or other retirement of
any Parity Stock or Junior Stock, and shall not permit any corporation or other entity directly or indirectly controlled by the Corporation to purchase any Parity Stock, Junior Stock or any warrants, rights, calls or options unless full dividends
determined to be in accordance herewith on the Series G4 Preferred Stock have been paid (or are deemed paid) in full. 
  
 (d) All dividends payable on the Series G4 Preferred Stock shall be paid net of withholding tax, if any, under all applicable laws (including applicable
income tax treaties). The Corporation will, subject to certain exceptions and limitations set forth below, pay, as additional dividends, such additional amounts (the “Additional Amounts”) to the holder of any Series G4 Preferred
Stock as may be necessary in order that every net payment of the principal or dividends on such Series G4 Preferred Stock, after withholding for or on account of any present or future tax, duty, assessment or governmental charge imposed or levied
upon or as a result of such payment by or on behalf of the United States (or any political subdivision, authority or agency thereof or therein having the power to tax) (collectively, “Taxes”), will not be less than the amount such
holder would have received if such Taxes had not been withheld, provided that no Additional Amounts will be payable with respect to a payment which is subject to such Taxes by reason of such holder being connected with the United States (or any
political subdivision thereof) otherwise than by the mere holding of the Series G4 Preferred Stock or the receipt of payments made under or with respect to the Series G4 Preferred Stock. In addition, the Corporation will indemnify and hold harmless
each holder of the Series G4 Preferred Stock (subject to the exclusion set forth above) and will, upon written request of 
  

 2 

 each holder (subject to the exclusion set forth above), and provided that reasonable supporting documentation is
provided, reimburse each other holder for the amount of any Taxes levied or imposed by the United States and paid by or on behalf of the holder as a result of payments made under or with respect to the Series G4 Preferred Stock. Any payment made
pursuant to this paragraph shall be considered an Additional Amount. If the Corporation becomes generally subject at any time to any taxing jurisdiction other than or in addition to the United States, references in this Certificate of Designations
to the United States shall be read and construed as reference to the United States and/or such other jurisdiction. 
  
 Section 5. Preference on Liquidation. 
  
 (a) Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, holders of Series G4 Preferred Stock shall be entitled to
be paid, out of the assets of the Corporation available for distribution to stockholders, the liquidation preference of $100.00 per share of Series G4 Preferred Stock, plus, without duplication, an amount in cash equal to all accrued and unpaid
dividends thereon to the date fixed for liquidation, dissolution or winding-up (including an amount equal to a prorated dividend for the period from the last Dividend Payment Date, or if such event is prior to the first Dividend Payment Date, from
the Closing Date, to the date fixed for liquidation, dissolution or winding-up), before any distribution is made on any Junior Stock, including, without limitation, any class of common stock of the Corporation. 
  
 (b) If, upon any voluntary or involuntary liquidation, dissolution or
winding-up of the Corporation, the amounts payable with respect to the Series G4 Preferred Stock and all Parity Stock are not paid in full, then the assets of the Corporation available for distribution among the holders of the Series G4 Preferred
Stock and any Parity Stock shall bear to each other the same ratio that the full amounts payable on liquidation, dissolution or winding-up of the Corporation to the holders of shares of Series G4 Preferred Stock and any Parity Stock bear to each
other. 
  
 (c) After payment of the full amount of the liquidation
preference and accumulated and unpaid dividends to which they are entitled, the holders of shares of Series G4 Preferred Stock shall not be entitled to any further participation in any distribution of assets of the Corporation. 
  
 (d) Neither the sale, conveyance, exchange or transfer (for cash, shares of
stock, securities or other consolidation) of all or substantially all of the property or assets of the Corporation nor the consolidation or merger of the Corporation with one or more entities shall be deemed to be or constitute a liquidation,
dissolution or winding-up of the Corporation. 
  
 (e) Notice of
any payment to the holders of Series G4 Preferred Stock as a result of the liquidation, dissolution or winding-up of the Corporation, stating the payment date or dates when and the place or places where the amounts distributable in such
circumstances shall be payable, shall be given not more than sixty (60) but not less than thirty (30) days prior to any payment date stated therein, to the holders of shares of Series G4 Preferred Stock as provided in Section 11 herein. 

 
 Section 6. Voting. The holders of Series G4 Preferred Stock shall
have no voting rights except as required by law. In exercising any voting rights, each outstanding share of Series G4 Preferred Stock shall be entitled to one vote. 
  
 Section 7. Holder Conversion Rights. 
  
 (a) Each holder of shares of Series G4 Preferred Stock shall have the right (“Conversion Right”), subject
as provided herein and to any applicable laws and regulations, at any time and from time to time at the holder’s option to convert the liquidation preference of $100 for each share of Series G4 Preferred Stock plus the amount of any accrued and
unpaid dividends (whether or not earned or declared) on the Series G4 Preferred Stock delivered for conversion as specified herein (including an amount equal to a prorated dividend from the immediately preceding Dividend Payment Date to the date of
such conversion, or, if such conversion is prior to the first Dividend Payment Date, from the Closing Date to the date of such conversion) into shares of Common Stock at the conversion price (subject to adjustment as described in Section 8 below) of
$2.00 per share (the “Conversion Price”); provided, however, that the holder will on his request receive and the Corporation may, at its sole discretion, pay, any or all of such accrued and unpaid dividends in cash. 
  

 3 

 Subject to the provisions of the DGCL, no fractional shares of Common Stock shall be issued upon conversions, but the
number of shares shall be rounded up or down to the nearest whole number. 
  
 (b) If the Corporation pays any accrued and unpaid dividends in cash, the amount of any such accrued and unpaid dividends shall be promptly sent to the holder thereof by means of check or other means provided by the
Corporation after the receipt of the notice and funds, if any, referred to in Sections 7(d) and 7(e) below. 
  
 (c) As promptly as practicable after the surrender of certificates for shares of the Series G4 Preferred Stock for conversion and the receipt of the
notice and funds, if any, as described in Sections 7(d) and 7(e) below, the Corporation shall issue and shall deliver to such holder, or on such holder’s written order, a certificate or certificates for the number of shares of Common Stock
issuable upon the conversion of such shares of the Series G4 Preferred Stock in accordance with the provisions of this Section 7, together with certificates representing the number of shares of Common Stock (if any) in payment of any accrued but
unpaid dividends if the holder elects to receive such dividends in Common Stock. Each conversion with respect to such shares of the Series G4 Preferred Stock shall be deemed to have been effected immediately prior to the close of business on the
date on which the certificates for shares of the Series G4 Preferred Stock shall have been surrendered and such notice shall have been received by the Corporation as aforesaid, and the Person or Persons entitled to receive the Common Stock issuable
upon such conversion shall be deemed for all purposes to be the record holder or holders of such Common Stock upon that date. 
  
 (d) In order to exercise the conversion right, the holder of each share of Series G4 Preferred Stock to be converted shall surrender that certificate
representing such shares, duly endorsed or assigned to the Corporation or in blank, at the office of the transfer agent for the Series G4 Preferred Stock and shall give written notice to the Corporation where such notice shall also state the name or
names (with address) in which the shares of Common Stock that shall be issuable upon such conversion shall be issued. Each share surrendered for conversion shall, unless the shares issuable on conversion are to be issued in the same name as the name
in which such shares of the Series G4 Preferred Stock is registered, be duly endorsed by, or accompanied by, instruments of transfer (in each case, in form reasonably satisfactory to the Corporation), duly executed by the holder or such
holder’s duly authorized attorney-in-fact. 
  
 (e) If a
holder converts shares of the Series G4 Preferred Stock, the Corporation shall pay any and all documentary, stamp or similar issue or transfer tax payable in respect of the issue or delivery of the shares of the Series G4 Preferred Stock (or any
other securities issued on account thereof pursuant hereto) or Common Stock upon the conversion; provided, however, the Corporation shall not be required to pay any such tax that may be payable because any such shares are issued at the
request of the holder in a name other than the name of the holder. In the event that the shares are to be issued in a name other than that of the holder, the holder shall provide funds necessary to pay any and all of the foregoing taxes, if any
shall be applicable. 
  
 (f) The Corporation shall reserve out of
its authorized but unissued Common Stock or its Common Stock held in treasury enough shares of Common Stock to permit the conversion of all of the outstanding shares of the Series G4 Preferred Stock, but in no event shall the Corporation be required
to reserve sufficient shares of Common Stock to permit the conversion of any accrued and unpaid dividends on the Series G4 Preferred Stock. The Corporation shall from time to time, in accordance with the DGCL, increase the authorized amount of its
Common Stock if at any time the authorized amount of its Common Stock remaining unissued shall not be sufficient to permit the conversion of all shares of the Series G4 Preferred Stock at the time outstanding. If any shares of Common Stock required
to be reserved for issuance upon conversion of shares of the Series G4 Preferred Stock hereunder require registration with or approval of any governmental authority under any federal or state law before the shares may be issued upon conversion, the
Corporation shall in good faith and as expeditiously as possible endeavor to cause the shares to be so registered or approved. All shares of Common Stock delivered upon conversion of the shares of the Series G4 Preferred Stock will, upon delivery,
be duly authorized and validly issued, fully paid and nonassessable, free from all taxes, liens and charges with respect to the issue thereof. 
  
 Section 8. Conversion Price Adjustments. 
  
 (a) Dividends or Distributions of Common Stock. In case the Corporation shall pay or make a dividend or other distribution on its Common Stock
exclusively in Common Stock or shall pay or make a 
  

 4 

 dividend or other distribution on any other class of capital stock of the Company which dividend or distribution includes
Common Stock, the Conversion Price in effect at the opening of business on the day next following the date fixed for the determination of stockholders entitled to receive such dividend or other distribution shall be reduced by multiplying such
Conversion Price by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination and the denominator shall be the sum of such number of shares and the
total number of shares constituting such dividend or other distribution, such reduction to become effective immediately after the opening of business on the day next following the date fixed for such determination. For the purposes of this
calculation, the number of shares of Common Stock at any time outstanding shall not include shares held in the treasury of the Corporation. For the avoidance of doubt, this provision does not apply to dividends or other distributions in shares of
Common Stock pursuant to the terms of the securities to which such dividend or other distribution may be made. 
  
 (b) Dividends or Distributions of Rights, Warrants or Options to Purchase Common Stock. In case the Corporation shall pay or make a dividend or
other distribution on its Common Stock consisting exclusively of, or shall otherwise issue to all holders of its Common Stock, rights, warrants or options entitling the holders thereof to subscribe for or purchase shares of Common Stock at a price
per share less than the Market Price per share of the Common Stock on the date fixed for the determination of stockholders entitled to receive such rights, warrants or options, the Conversion Price in effect at the opening of business on the day
following the date fixed for such determination shall be reduced by multiplying such Conversion Price by a fraction of which the numerator shall be the number of shares of Common Stock outstanding at the close of business on the date fixed for such
determination plus the number of shares of Common Stock which the aggregate of the offering price of the total number of shares of Common Stock so offered for subscription or purchase would purchase at such Market Price and the denominator shall be
the number of shares of Common Stock outstanding at the close of business on the date fixed for such determination plus the number of shares of Common Stock so offered for subscription or purchase, outstanding at the close of business on the date
fixed for such reduction to become effective immediately after the opening of business on the day following the date fixed for such determination. For the purposes of this paragraph (b), the number of shares of Common Stock at any time outstanding
shall not include shares held in the treasury of the Corporation. The Corporation shall not issue any rights, warrants or options in respect of shares of Common Stock held in the treasury of the Corporation. 
  
 (c) Dividends or Distributions in Cash. In case the Corporation shall,
by dividend or otherwise, make a distribution to all holders of its Common Stock exclusively in cash in an aggregate amount that, together with (1) the aggregate amount of any other distributions to all holders of its Common Stock made exclusively
in cash within the 12 months preceding the date of payment of such distribution and in respect of which no Conversion Price adjustment pursuant to this Section has been made and (2) the aggregate of any cash plus the fair market value (as determined
in good faith by the Board of Directors, whose determination shall be conclusive and described in a resolution of the Corporation’s Board of Directors), as of the expiration of the tender or exchange offer referred to below, of consideration
payable in respect of any tender or exchange offer by the Corporation or a Subsidiary for all or any portion of the Common Stock concluded within the 12 months preceding the date of payment of such distribution and in respect of which no Conversion
Price adjustment pursuant to this Section has been made, exceeds five percent (5%) of the product of the Market Price per share of the Common Stock on the date fixed for stockholders entitled to receive such distribution times the number of shares
of Common Stock outstanding on such date, the Conversion Price shall be reduced so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately prior to the effectiveness of the Conversion Price reduction
contemplated by this paragraph (c) by a fraction of which the numerator shall be the Market Price per share on the date of such effectiveness less the amount of cash so distributed applicable to one share of Common Stock and the denominator shall be
such Market Price per share of the Common Stock, such reduction to become effective immediately prior to the opening of business on the day following the date fixed for the payment of such distribution. 
  
 (d) All Other Distributions or Dividends. Subject to the last sentence
of this paragraph (d), in case the Corporation shall, by dividend or otherwise, distribute to all holders of its Common Stock evidences of its indebtedness, shares of any class of capital stock, securities, cash or Property (excluding any rights,
warrants or options referred to in paragraph (b), any dividend or distribution paid exclusively in cash and any dividend or distribution referred to in paragraph (a), the Conversion Price shall be reduced so that the same shall equal the price
determined by multiplying the Conversion Price in effect immediately prior to the 
  

 5 

 effectiveness of the Conversion Price reduction contemplated by this paragraph (d) by a fraction of which the numerator
shall be the Market Price per share of the Common Stock on the date of such effectiveness less the fair market value (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a resolution of the
Corporation’s Board of Directors and shall, in the case of securities being distributed for which prior thereto there is an actual or when issued trading market, be no less than the value determined by reference to the average of the Market
Price over the period specified in the succeeding sentence), on the date of such effectiveness, of the portion of the evidences of indebtedness, shares of capital stock, securities, cash and Property so distributed applicable to one share of Common
Stock and the denominator shall be such Market Price per share of the Common Stock, such reduction to become effective immediately prior to the opening of business on the day next following the date fixed for the payment of such distribution (such
date to be referred to as the “Reference Date”). If the Board of Directors determines the fair market value of any distribution for purposes of this paragraph (d) by reference to the actual or when issued trading market for any securities
comprising such distribution, it must in doing so consider the prices in such market over the same period used in computing the Market Price per share pursuant to paragraph (f). For purposes of this paragraph (d), any dividend or distribution that
includes shares of Common Stock or rights, warrants or options to subscribe for or purchase shares of Common Stock shall be deemed instead to be (1) a dividend or distribution of the evidences of indebtedness, cash, Property, shares of capital stock
or securities other than such shares of Common Stock or such rights, warrants or options (making any Conversion Price reduction required by this paragraph (d)) immediately followed by (2) a dividend or distribution of such shares of Common Stock or
such rights, warrants or options (making any further Conversion Price reduction required by paragraph (a) or (b)), except (A) the Reference Date of such dividend or distribution as defined in this paragraph (d) shall be substituted as “the date
fixed for the determination of stockholders entitled to receive such dividend or other distribution,” “the date fixed for the determination of stockholders entitled to receive such rights, warrants or options,” and “the date
fixed for such determination” within the meaning of paragraph (a) or (b) and (B) any shares of Common Stock included in such dividend or distribution shall not be deemed “outstanding at the close of business on the date fixed for such
determination” within the meaning of paragraph (a)). 
  
 (e)
Subdivision of Common Stock. In case outstanding shares of Common Stock shall be subdivided into a greater number of shares of Common Stock, the Conversion Price in effect at the opening of business on the day following the day upon which
such subdivision becomes effective shall be proportionately reduced, and, conversely, in case outstanding shares of Common Stock shall each be combined into a smaller number of shares of Common Stock, the Conversion Price in effect at the opening of
business on the day following the day upon which such combination becomes effective shall be proportionately increased, such reduction or increase, as the case may be, to become effective immediately after the opening of business on the day
following the day upon which such subdivision or combination becomes effective. 
  
 (f) Tender or Exchange Offer for Common Stock. In case a tender or exchange offer made by the Corporation or any Subsidiary for all or any portion of the Common Stock shall expire and such tender or exchange
offer shall involve an aggregate consideration having a fair market value (as determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a resolution of the Corporation’s Board of Directors) at
the last time (the “Expiration Time”) tenders or exchanges may be made pursuant to such tender or exchange offer (as it may be amended) that, together with (A) the aggregate of the cash plus the fair market value (as determined in good
faith by the Board of Directors, whose determination shall be conclusive and described in a resolution of the Corporation’s Board of Directors), as of the expiration of the other tender or exchange offer referred to below, of consideration
payable in respect of any other tender or exchange offer by the Company or a Subsidiary for all or any portion of the Common Stock concluded within the preceding 12 months and in respect of which no Conversion Price adjustment pursuant to this
paragraph (f) has been made and (B) the aggregate amount of any distributions to all holders of the Common Stock made exclusively in cash within the preceding 12 months and in respect of which no Conversion Price adjustment pursuant to this Section
has been made, exceeds five percent (5%) of the product of the Market Price per share of the Common Stock on the Expiration Time times the number of shares of Common Stock outstanding (including any tendered shares) on the Expiration Time, the
Conversion Price shall be reduced (but not increased) so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately prior to the Expiration Time by a fraction of which the numerator shall be (1) the
product of the Market Price per share of the Common Stock at the Expiration Time times the number of shares of Common Stock outstanding (including any tendered or exchanged shares) at the Expiration Time minus (2) the fair market value (determined
as aforesaid) of the aggregate consideration payable to stockholders based on the acceptance (up to any maximum specified in the terms of 
  

 6 

 the tender or exchange offer) of all shares validly tendered or exchanged and not withdrawn as of the Expiration Time
(the shares deemed so accepted, up to any such maximum, being referred to as the “Purchased Shares”) and the denominator shall be the product of (1) such Market Price per share at the Expiration Time times (2) such number of outstanding
shares at the Expiration Time less the number of Purchased Shares, such reduction to become effective immediately prior to the opening of business on the day following the Expiration Time. 
  
 (g) Certificate of Adjustment and Notice. Whenever the Conversion
Price is adjusted as herein provided, the Corporation shall promptly file with the transfer agent for the Series G4 Preferred Stock a certificate of an officer of the Corporation setting forth the Conversion Price after the adjustment and setting
forth a brief statement of the facts requiring such adjustment and a computation thereof. The Corporation shall promptly cause a notice of the adjusted Conversion Price be given to the holders of shares of the Series G4 Preferred Stock as provided
in Section 11 herein. 
  
 (h) Adjustment in Conversion Price in
Case of Certain Events. In case the Corporation shall take any action affecting the Common Stock, other than actions described in Section 7 or this Section 8, which in the opinion of the Board of Directors would materially adversely affect the
conversion right of the holders of the shares of the Series G4 Preferred Stock, the Conversion Price may be adjusted, to the extent permitted by law, in such manner, if any, and at such time, as the Board of Directors may determine to be equitable
in the circumstances; provided, however, that in no event shall the Board of Directors be required to take any such action. 
  
 (i) Registration of Conversion Shares. The Corporation shall undertake to file a registration statement on Form S-1 (or such other form as the
Corporation may determine is appropriate) with respect to the Common Stock that may be issuable at any time upon the conversion or redemption of the Series G4 Preferred Stock (“Conversion Shares”) as soon as practicable, but no
later than 90 days after the date of issue of the Series G4 Preferred Stock. The Corporation shall use its best efforts to cause the Commission to declare such registration statements (and any necessary amendments thereto) effective. The Corporation
shall also use its best efforts to maintain the effectiveness of such registration statements, and to re-file such registration statements from time to time in the event their effectiveness lapses, until all Conversion Shares either issued or that
may be issued are Freely Tradeable (as defined in Section 13 below) in the United States. 
  
 Section 9. Mandatory Conversion by Corporation. 
  
 (a) Provided that the Conversion Shares to be issued on any mandatory conversion are Freely Tradeable, the Corporation may, at its option, cause all of the outstanding Series G4 Preferred Stock to be converted into
shares of Common Stock, in accordance with Section 9(b), at any time and from time to time, if the average of the Market Prices of the Common Stock over the Stock Exchange Business Days in any twenty (20) consecutive calendar day period ending not
more than five (5) days prior to the giving of the notice referred to below equaled or exceeds the Target Price. The Target Price shall initially equal $2.20 and will be reduced by 10% of the immediately preceding Target Price in December of each
year commencing 31 December 2004. 
  
 (b) Each share of Series G4
Preferred Stock shall be converted into a number of shares of Common Stock equal to: (x) $100.00 liquidation preference per share of Series G4 Preferred Stock plus the amount of any accrued and unpaid dividends (whether or not earned or declared) on
the Series G4 Preferred Stock (including an amount equal to a prorated dividend from the immediately preceding Dividend Payment Date, or if such conversion is prior to the first Dividend Payment Date, from the Closing Date, to the date of such
conversion) divided by (y) the Conversion Price. 
  
 Notwithstanding the preceding, the Corporation will, on the request of the holder, and may, at its sole discretion, pay any or all of the accrued and unpaid dividends in cash. Subject to the provisions of the DGCL, no fractional shares of
Common Stock shall be issued on the mandatory conversion, but the number of shares shall be rounded up or down to the nearest whole number. The amount of any accrued and unpaid dividends that the Corporation elects to pay in cash shall be promptly
sent to the holder thereof by means of check or other means provided by the Corporation. 
  

 7 

 (c) The Corporation shall give thirty (30) days notice as provided in Section 11 hereof of its intent to
convert in accordance with this Section 9 no later than five (5) calendar days from the end of the twenty (20) day period described above. Upon the giving of the notice referred to above, the Corporation shall be bound to convert the Series G4
Preferred Stock as to which notice has been provided. During the 30 day notice period, holders of the Series G4 Preferred Stock will retain their right to convert their shares of Series G4 Preferred Stock in accordance with Section 7 above.

  
 Section 10. Optional Redemption by Corporation.

  
 (a) Optional Redemption. In addition to its right to
redeem the Series G4 Preferred Stock as provided in Section 9 above, the Corporation shall have the option to redeem the Series G4 Preferred Stock in whole or in part in cash at any time, and from time to time, unless the holder thereof shall have
converted such stock into Common Stock pursuant to Section 7 prior to the date of redemption hereof, at a redemption price (“Redemption Price”) equal to (i) $100.00 per share and (ii) accrued and unpaid dividends (whether or not
declared), such dividends being payable in cash (including an amount equal to a prorated dividend from the immediately preceding Dividend Payment Date, or if such conversion is prior to the first Dividend Payment Date, from the Closing Date, to the
redemption date). 
  
 (b) Procedures for Redemption.

  
 (i) In case of redemption of less than all
shares of Series G4 Preferred Stock at the time outstanding, the shares to be redeemed shall be selected pro rata, at random, or by lot or a method that complies with the requirements of any national stock exchange on which Series G4 Preferred Stock
is listed as determined by the Board of Directors in its sole discretion. 
  
 (ii) Notice of any redemption shall be given as provided in Section 11 by or on behalf of the Corporation not more than sixty (60) days or less than thirty (30) days prior to the date of redemption. No failure to give
such notice or any defect therein or in the transmission or mailing thereof shall affect the validity of the proceedings for the redemption of any shares of Series G4 Preferred Stock except as to the holder to whom the Corporation has failed to give
notice or except as to the holder to whom notice was defective. In addition to any information required by law, such notice shall state: such redemption is being made pursuant to the optional redemption provisions hereof; the date of redemption; the
Redemption Price; the number of shares of Series G4 Preferred Stock to be redeemed and, if less than all shares held by such holder are to be redeemed; the number of such shares to be redeemed; the place or places where certificates for such issued
shares are to be surrendered for payment of the Redemption Price; and that dividends on the shares to be redeemed shall cease to accrue on the date of redemption. Upon the expiry of the notice so given, except with respect to the conditions
specified above, the Corporation shall become obligated to redeem at the time of redemption specified thereon all shares called for redemption. 
  
 (iii) If notice has been given in accordance with Section 10(b)(ii) above and provided that on or before the date of redemption specified
in such notice, all funds necessary for such redemption shall have been set aside by the Corporation, separate and apart from its other funds in trust for the pro rata benefit of the holders of the shares so called for redemption, so as to be, and
to continue to be available therefor, then, from and after the date of redemption, dividends on the shares of the Series G4 Preferred Stock so called for redemption shall cease to accrue, and said shares shall no longer be deemed to be outstanding
and shall not have the status of shares of Series G4 Preferred Stock, and all rights of the holders thereof as shareholders of the Corporation (except the right to receive from the Corporation the Redemption Price) shall cease. Upon surrender, in
accordance with said notice, of the certificates for any issued shares so redeemed (properly endorsed or assigned for transfer, if the Corporation shall so require and the notice shall so state), such shares shall be redeemed by the Corporation at
the Redemption Price by mailing a check to such holder’s last registered address listed on the stock transfer records of the Corporation, or as otherwise agreed by the holders of Series G4 Preferred Stock and the Corporation. In case fewer than
all the shares represented by any such certificate are redeemed, a new 
  

 8 

 certificate or certificates shall be issued representing the unredeemed shares without cost to the holder
thereof. 
  
 (iv) Any funds deposited with a bank
or trust corporation for the purpose of redeeming Series G4 Preferred Stock shall be irrevocable except that: the Corporation shall be entitled to receive from such bank or trust company the interest or other earnings, if any, earned on any money so
deposited in trust, and the holders of any shares redeemed shall have no claim to such interest or other earnings; and any balance of monies so deposited by the Corporation and unclaimed by the holders of the Series G4 Preferred Stock entitled
thereto at the expiration of two years from the applicable date of redemption shall be repaid, together with any interest or other earnings earned thereon, to the Corporation, and after any such repayment, the holders of the shares entitled to the
funds so repaid to the Corporation shall look only to the Corporation for payment without interest or other earnings. 
  
 (v) No Series G4 Preferred Stock may be redeemed except with funds legally available for the payment of the Redemption Price. 

 
 (vi) Holders of Series G4 Preferred Stock shall retain
the conversion rights described in Section 7 hereof until the date of any redemption of the shares of Series G4 Preferred Stock in accordance with this Section 10. 
  
 (c) Redemption by Conversion. In addition to the rights of conversion pursuant to Section 9 hereof, on or after
January 1, 2006, the Corporation may further elect, in any six (6) month period, to redeem up to 50% of the outstanding Series G4 Preferred Stock in accordance with this Section 10(c) by requiring their redemption on thirty (30) days notice pursuant
to the terms of this Section 10(c) (the “Redemption by Conversion Option”). The redemption price for purposes of this Section 10(c) shall be $105.00 per G-4 share and shall be paid by issuing Freely Tradable common shares based on
the average closing market price of shares of the Corporation’s Common Stock during the twenty (20) consecutive Stock Exchange Business Days ending not more than five (5) Stock Exchange Business days prior to the date notice is given by the
Corporation concerning its exercise of this Redemption by Conversion Option, subject to appropriate adjustments to account for the effects of dividends, distributions, stock splits, recapitalizations and similar events. The amount of the accrued and
unpaid dividends on the Series G4 Preferred Stock delivered for redemption as specified above (computed to the end of the day the Series G4 Preferred Stock is so redeemed) shall be sent to the holder thereof in cash by means of check or other means
established by the Corporation. All Common Stock issued pursuant to the Redemption by Conversion Option shall be Freely Tradeable as if the dividend is paid in common shares, by such means as selected by the Corporation. 
  
 Section 11. Notice. Where this Certificate of Designations provides
for notice of any event to the holders of the Series G4 Preferred Stock by the Corporation or any other Person, such notice shall be sufficiently given (unless otherwise herein specifically provided) if sent to the registered holder of the Series G4
Preferred Stock at the address of such holder on the register. 
  
 Section 12. General Provisions Relating to the Series G4 Preferred Stock. 
  
 (a) Form. The Series G4 Preferred Stock shall be issued in fully registered form in the form satisfactory to the Corporation. 
  
 (b) Compliance with United States Securities Laws. Nothing contained herein shall be deemed to authorize any
transfers of certificates of the Series G4 Preferred Stock otherwise than in accordance with the Securities Act. Neither the Corporation or its transfer agent shall recognize or give effect to any attempt to transfer (by book entry or otherwise) or
convert any Series G4 Preferred Stock or any interest therein in violation of the Securities Act. The certificates representing the Series G4 Preferred Stock and the Conversion Shares shall bear restrictive legends thereon recommended by legal
counsel for the Corporation regarding the restrictions on the transferability thereof to ensure compliance with the Securities Act until the Series G4 Preferred Stock and/or the Conversion Shares, as the case may be, become Freely Tradeable.

  

 9 

 Section 13. Certain Definitions. 
  
 “Alternative Stock Exchange” means any other national or regional stock exchange or quotation service such
as the Nasdaq Market System or any similar quotation service maintained by the National Quotation Bureau or any successor thereto. 
  
 “Capital Stock” of any Person means the common stock or preferred stock of such Person. Unless otherwise stated herein or the context
otherwise requires, “Capital Stock” means Capital Stock of the Corporation 
  
 “Closing Date” means the date of which the Series G4 Preferred Stock is sold to the holders thereof. 
  
 “Commission” means the Securities and Exchange Commission. 
  
 “Conversion Agent“ means any Person (including the Corporation acting as Conversion Agent) authorized by
the Corporation to effect conversions of the Series G4 Preferred Stock on behalf of the Corporation. 
  
 “Dividend Payment Date” has the meaning given to it in Section 4(b) hereof. 
  
 “Freely Tradeable” means, with respect to the Common Stock issuable upon the conversion or redemption of
or, if relevant, on the payment of a dividend upon the Series G4 Preferred Stock, that under the Securities Act the holders thereof may then offer and sell any amount of such outstanding securities to the public in the United States in transactions
that are not brokers’ transactions (as defined in the Securities Act) either (i) pursuant to an effective registration statement then in effect or (ii) pursuant to Rule 144(k). For purposes of determining whether such securities are Freely
Tradeable, it shall be assumed that no affiliate of the issuer has ever held such securities from and after their issuance. 
  
 “Group“ means the Corporation and all its Principal Subsidiaries. 
  
 “Market Capitalization” means, on any date, the average, over the thirty (30) calendar day period
commencing thirty-five (35) calendar days prior to such date, of the product of the Market Price of the Common Stock and the number of shares of Common Stock of the Corporation issued and outstanding on such date; provided, however, that
appropriate adjustments shall be made to the Market Prices and number of shares used in determining such Market Capitalization to account fairly for the effect of dividends payable in equity securities of the Corporation or any other Person,
spin-offs of subsidiaries, mergers in which the Corporation or a Principal Subsidiary is a constituent party, and similar events. 
  
 “Market Price” means the closing sales price on the American Stock Exchange or any Alternative Stock Exchange on any Stock Exchange
Business Day. 
  
 “Person” means any individual,
corporation, partnership, association, trust or other entity or organization, including a government or political subdivision or any agency or instrumentality thereof. 
  
 “Principal Subsidiary“ means a Subsidiary of either the Corporation or any Principal Subsidiary:

  
 (a) whose gross assets represent 10 percent or more of the
consolidated gross assets of the Group as calculated by reference to the then latest audited financial statements of the Group; or 
  
 (b) to which is transferred all or substantially all of the business, undertaking and assets of a Subsidiary of the Corporation which immediately prior to
such transfer is a Principal Subsidiary, whereupon the transferor Subsidiary shall immediately cease to be a Principal Subsidiary and the transferee Subsidiary shall cease to be a Principal Subsidiary under the provisions of this sub-paragraph (b)
(but without prejudice to the provisions of sub-paragraph (a) above), upon publication of its next audited financial statements. 
  
 “Property” means any kind of property or asset, whether real, personal, mixed, or tangible or intangible, and any interest therein.

  
 “Securities Act” means the United States
Securities Act of 1933 as in effect on the date of the filing of this Certificate with the Secretary of State of Delaware or as such act may hereafter be amended. 
  

 10 

 “Series G4 Preferred Stock” means the Corporation’s Series G4 Convertible Preferred
Stock, $1.00 par value. 
  
 “Stock Exchange Business
Day” means any day (other than a Saturday or Sunday) on which the American Stock Exchange or the Alternative Stock Exchange, as the case may be, is open for business. 
  
 “Subsidiary” of any Person means any Corporation of which at least a majority of the shares of stock having
by the terms thereof ordinary voting power to elect a majority of the Board of Directors of such Corporation (irrespective of whether or not at the time stock of any other class or classes of such Corporation shall have voting power by reason of the
happening of any contingency) is directly or indirectly owned or controlled by any one of or any combinations of the Corporation or one or more of its Subsidiaries.” 
  
 * * * * * 
  
  
  
  
  
 IN WITNESS WHEREOF, the Corporation has caused this Certificate to be duly
executed on its behalf by its undersigned Secretary this 15 day of March 2004. 
  

			
	 HARKEN ENERGY CORPORATION,
 a Delaware
corporation

		
	By:	 	/s/
	 	 	

	 Name: Elmer A. Johnston
 Title: Secretary

  

 11

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