Document:

Change of Control Severance Agreement

 Exhibit 10(f) 
 CHANGE OF CONTROL SEVERANCE AGREEMENT 
 THIS AGREEMENT (“Agreement”) is made on this
14th day of February, 2006 (the “Effective Date”) between WD-40 COMPANY (hereinafter the
“Company”) and WILLIAM B. NOBLE (hereinafter the “Executive”). 
 RECITALS: 
 Whereas, the Company has determined that the Executive is among that group of key managers whose services and participation in management may be critical
in any period of transition, such as at the time of any change in control of the Company or in the face of any proposed corporate reorganization or acquisition, friendly or hostile, affecting the Company. Accordingly, the board of directors of the
Company (the “Board”) has determined that it is appropriate and in the best interests of the Company and its stockholders that provisions be made to encourage the Executive’s continued attention and undistracted dedication to the
Executive’s duties in the potentially disturbing circumstances of a possible change in control of the Company, by providing the Executive with some degree of personal financial security under such circumstances. 
 NOW THEREFORE, the parties agree as follows: 
 1. Change in Control: For purposes of this Agreement, Change in Control shall mean: 
 (a) the acquisition by
any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”), of beneficial ownership (within the meaning of Rule
13d-3 promulgated 

  

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under the Exchange Act) of 30% or more of either (i) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common
Stock”) or (ii) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that the
following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a conversion privilege), (B) any acquisition by any employee benefit plan
(or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (C) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or
consolidation, the conditions described in subclauses (i), (ii) and (iii) of subparagraph (c) of this sentence are satisfied; or 
 (b) if individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual
becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the directors then constituting the Incumbent Board shall be considered
as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest subject to Rule 14a-11 of
Regulation 14A promulgated under the Exchange Act or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 
  

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 (c) approval by the stockholders of the Company of a reorganization, merger or
consolidation, unless following such reorganization, merger or consolidation (i) more than 60% of, respectively, the then-outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the
combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger, or consolidation in substantially the same proportions as
their ownership, immediately prior to such reorganization, merger or consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be (for purposes of determining whether such percentage test is
satisfied, there shall be excluded from the number of shares and voting securities of the resulting corporation owned by the Company’s stockholders, but not from the total number of outstanding shares and voting securities of the resulting
corporation, any shares or voting securities received by any such stockholder in respect of any consideration other than shares or voting securities of the Company); (ii) no Person (excluding the Company, any employee benefit plan (or related
trust) of the Company, any qualified employee benefit plan of such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorganization, merger or consolidation,
directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 30% or more of, respectively, the then-outstanding shares of 

  

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common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then-outstanding voting
securities of such corporation entitled to vote generally in the election of directors; and (iii) at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were
members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or consolidation; or 
 (d) (i) approval by the stockholders of the Company of a complete liquidation or dissolution of the Company or (ii) the first to occur of (A) the sale or other disposition (in one transaction or a
series of related transactions) of all or substantially all of the assets of the Company, or (B) the approval by the stockholders of the Company of any such sale or disposition, other than, in each case, any such sale or disposition to a
corporation, with respect to which immediately thereafter, (1) more than 60% of, respectively, the then-outstanding shares of common stock of such corporation and the combined voting power of the then-outstanding voting securities of such
corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities, as the case may be (for purposes of determining whether such percentage test is satisfied, there shall be excluded from the number of shares and voting securities of the transferee
corporation owned by the Company’s stockholders, but not from the total number of 

  

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outstanding shares and voting securities of the transferee corporation, any shares or voting securities received by any such stockholder in respect of any
consideration other than shares or voting securities of the Company); (2) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company, any qualified employee benefit plan of such transferee corporation and any
Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or
indirectly, 30% or more of, respectively, the then-outstanding shares of common stock of such transferee corporation and the combined voting power of the then-outstanding voting securities of such transferee corporation entitled to vote generally in
the election of directors; and (3) at least a majority of the members of the board of directors of such transferee corporation were members of the Incumbent Board at the time of the execution of the initial agreement or action of the board
providing for such sale or other disposition of assets of the Company. 
 2. Termination Following a Change in Control: 
 (a) The Executive shall be entitled to the compensation provided for in Paragraph 3 if all of the following conditions are satisfied:

 (i) there is a Change in Control of the Company while the Executive is still an employee of the Company; 
 (ii) the Executive’s employment with the Company is terminated within two years after the Change in Control; and 
 (iii) the Executive’s termination of employment is not a result of (A) the Executive’s death; (B) the Executive’s
Disability (as defined in subparagraph 2(b) below); (C) the 

  

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Executive’s Retirement (as defined in subparagraph 2(c) below); (D) the Executive’s termination by the Company for Cause (as defined in
subparagraph 2(d) below); or (E) the Executive’s decision to terminate employment other than for Good Reason (as defined in subparagraph 2(e) below). Notwithstanding the foregoing, if a Change of Control occurs and if the Executive’s
employment with the Company is terminated prior to the date on which the Change of Control occurs, and if it is reasonably demonstrated by the Executive that such termination of employment (i) was at the request of a third party who has taken
steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or in anticipation of a Change of Control, then the Executive shall be entitled to the compensation provided for in Paragraph 3. 
 (b) If, as a result of the Executive’s incapacity due to physical or mental illness, the Executive shall have been unable, with or
without a reasonable accommodation, to perform the Executive’s duties with the Company on a full time basis for six months and if, within 30 days after a Notice of Termination (as defined in subparagraph 2(f)) is thereafter given by the
Company, the Executive shall not have returned to the full time performance of the Executive’s duties, the Company may terminate the Executive’s employment for “Disability”. 
 (c) The term “Retirement” as used in this Agreement shall mean termination by the Company or the Executive of the
Executive’s employment under circumstances whereby the Executive is otherwise entitled to receive benefits payable under the presently existing Supplemental Retirement Benefit Plan entered into between the Company and the Executive or such
other nonqualified retirement benefit plan providing substantially similar benefits. 
  

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 (d) The Company may terminate the Executive’s employment for Cause before or after a
Change in Control. For purposes of this Agreement only, “Cause” shall mean: (i) the Executive’s commission of acts subject to prosecution as a felony involving moral turpitude; (ii) the Executive’s material breach of
fiduciary duty as an executive officer of the Company which has resulted, or is likely to result, in material economic damage to the Company; or (iii) the Executive’s willful gross misconduct or willful gross neglect of duties (other than
any such neglect resulting from the Executive’s incapacity due to physical or mental illness or any such neglect after the issuance of a Notice of Termination by the Executive for Good Reason, as such terms are defined in subparagraphs
(e) and (f) below and as they may apply under this Paragraph 2); provided that no act or failure to act by the Executive will constitute “Cause” under clause (ii) if the Executive believed in good faith that such act or
failure to act was in the best interest of the Company. 
 Any termination of the Executive’s employment by the Company
for Cause shall be authorized by a vote of at least a majority of the independent members of the Board (as they may be determined by the Board from time to time) within 12 months of a majority of such independent members of the Board having actual
knowledge of the event or circumstances providing a basis for such termination. In the case of clauses (i) and (ii) of the second sentence of this subparagraph (d), the Executive shall be given notice by the Board specifying in detail the
particular act or failure to act on which the Board is relying in proposing to terminate the Executive for Cause and offering the Executive an opportunity, on a date at least 14 days after receipt of such notice, to have a hearing, with counsel,
before a majority of the independent members of the Board, including each of the members of the Board who authorized the 

  

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termination for Cause. The Executive shall not be terminated for Cause if, within 30 days after the date of the Executive’s hearing before the Board (or
if the Executive waives a hearing, within 30 days after receiving notice of the proposed termination), the Executive has corrected the particular act or failure to act specified in the notice given under clause (ii) of the second sentence of
this subparagraph (d), and by so correcting such act or failure to act the Executive has reduced the economic damage the act or failure to act has allegedly caused the Company to a level which is no longer material or has eliminated the probability
that such act or failure to act is likely to result in material economic damage to the Company. No termination for Cause shall take effect until the expiration of the correction period described in the preceding sentence and the determination by a
majority of the independent members of the Board that the Executive has failed to correct the act or failure to act in accordance with the terms of the preceding sentence. Other than as specified herein, the decision of a majority of the independent
members of the Board of Directors with respect to any determination of the grounds for termination of the Executive’s employment for Cause shall be binding absent evidence of bad faith or manifest injustice. 
 (e) The Executive may terminate the Executive’s employment for Good Reason at any time following a Change in Control. For purposes of
this Agreement, “Good Reason” shall mean, after any Change in Control and without the Executive’s express written consent, any of the following: 
 (i) a significant diminution in the Executive’s duties and responsibilities, or the assignment to the Executive by the Company of
duties inconsistent with the Executive’s position, duties, responsibilities or status with the Company immediately prior to a Change in 

  

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Control of the Company, or any removal of the Executive from or any failure to re-elect the Executive to any of such positions, except in connection with the
termination of employment for Disability, Retirement or Cause or as a result of the Executive’s death or by the Executive other than for Good Reason; 
 (ii) a reduction by the Company in the Executive’s annual rate of base salary as in effect immediately prior to a Change of Control or the Company’s failure to increase (within 12 months of the
Executive’s last adjustment in annual rate of base salary) the Executive’s annual rate of base salary after a Change in Control of the Company in an amount which at least equals, on a percentage basis, the average percentage increase in
the annual rate of base salary most recently or then currently being effected for all other executive officers of the Company; 
 (iii) (A) any failure by the Company to continue in effect any benefit plan or arrangement (including, without limitation, medical, dental, and other established benefit plans (“Welfare Benefit Plans”), group life insurance
and retirement plans) in which the Executive is participating at the time of a Change in Control of the Company (all hereinafter referred to as “Benefit Plans”) unless the Executive receives benefits through another plan or arrangement
providing the Executive with benefits, when considered in the aggregate, that are no less favorable than the benefits under all Benefit Plans available to the Executive at the time of a Change in Control, or (B) the taking of any action by the
Company which would adversely affect the Executive’s participation in or materially reduce the Executive’s benefits under the Benefit Plans or otherwise deprive the Executive of any material fringe benefit or perquisite of office 

  

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enjoyed by the Executive at the time of a Change in Control of the Company considered in the aggregate with all benefits so provided to the Executive;

 (iv) (A) any failure by the Company to continue in effect any incentive plan or arrangement (including, without
limitation, the Company’s incentive bonus and contingent bonus arrangements and credits and the right to receive performance awards and similar long and short-term incentive compensation benefits) in which the Executive is participating at the
time of a Change in Control of the Company (hereinafter referred to as “Incentive Plans”), (B) the taking of any action by the Company which would adversely affect the Executive’s participation in any such Incentive Plan or
reduce the Executive’s benefits under any such Incentive Plan, unless in the case of either subclause (A) or (B) above, there is substituted a comparable plan or program that is economically equivalent, in terms of the benefit offered
to the Executive, to the Incentive Plan being altered, reduced, affected or ended, or (C) any failure by the Company with respect to any fiscal year to make an award to the Executive pursuant to each such Incentive Plan or such substituted
comparable plan or program in accordance with its terms or otherwise in a manner consistent with awards or benefits provided to other executive officers of the Company; 
 (v) (A) any failure by the Company to continue in effect any plan or arrangement to receive securities of the Company (including,
without limitation, the Company’s stock option plans and other equity incentive plans as authorized by the Board for the senior executive officers) in which the Executive is participating at the time of a Change in Control of the Company
(hereinafter referred to as “Securities Plans”), or the taking of any action by the Company which would adversely affect the Executive’s participation in or materially reduce the 

  

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Executive’s benefits under any such Securities Plan or (B) any failure by the Company in any fiscal year to grant stock options, stock appreciation
rights or securities awards to the Executive pursuant to such Securities Plans or otherwise in a manner consistent with awards or grants provided to other executive officers of the Company; and provided further that the material terms and conditions
of such stock options, stock appreciation rights, and securities awards granted to the Executive after the Change in Control (including, but not limited to, the exercise price, vesting schedule, period and methods of exercise, expiration date,
forfeiture provisions and other restrictions) are substantially similar to the material terms and conditions of the stock options, stock appreciation rights, and securities awards granted to the Executive under the Securities Plans immediately prior
to the Change in Control of the Company; 
 (vi) a relocation of the Company’s principal executive offices to a location
more than 100 miles outside of San Diego, California, or the Executive’s relocation more than 100 miles from the location at which the Executive performed the Executive’s duties prior to a Change in Control of the Company, except for
required travel by the Executive on the Company’s business to an extent substantially consistent with the Executive’s business travel obligations at the time of a Change in Control of the Company; 
 (vii) any failure by the Company to provide the Executive with the number of annual paid vacation days to which the Executive is entitled
for the year in which a Change in Control of the Company occurs; 
 (viii) any material breach by the Company of any provision
of this Agreement; 
  

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 (ix) any failure by the Company to obtain the assumption of this Agreement by any
successor or assign of the Company; 
 (x) the Company or its successor no longer is required to have its common stock
registered pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended; or 
 (xi) any
purported termination of the Executive’s employment by the Company pursuant to subparagraphs 2(b), 2(c) or 2(d) which is not effected pursuant to a Notice of Termination satisfying the requirements of subparagraph 2(f) below (and, if
applicable, subparagraph 2(d) above), and for purposes of this Agreement, no such purported termination shall be effective. 
 For purposes of this subparagraph (e), an isolated, immaterial, and inadvertent action not taken in bad faith by the Company in violation of clauses (i) - (v), (vii) or (xi) of this subparagraph that is remedied by the Company
promptly after receipt of notice thereof given by the Executive shall not be considered Good Reason for the Executive’s termination of employment with the Company. In the event the Executive terminates the Executive’s employment for Good
Reason hereunder, then notwithstanding that the Executive may also be considered retired for purposes of Benefit Plans (other than the Supplemental Retirement Benefit Plan or other non-qualified plan providing similar benefits), Incentive Plans or
Securities Plans, the Executive shall be deemed to have terminated employment for Good Reason for purposes of this Agreement. 
 (f) Any termination of the Executive’s employment by the Company pursuant to subparagraphs 2(b), 2(c) or 2(d), or by the Executive pursuant to subparagraph 2(e) above, 

  

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shall be communicated by a Notice of Termination to the other party hereof. For purposes of this Agreement, a “Notice of Termination” shall mean a
written notice which shall indicate those specific termination provisions in this Agreement relied upon and which sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated. For purposes of this Agreement, no such purported termination by the Company shall be effective without such Notice of Termination. 
 (g) “Date of Termination” shall mean (i) if the Executive’s employment is terminated by the Company for Disability, 30
days after Notice of Termination is given to the Executive (provided that the Executive shall not have returned to the performance of the Executive’s duties on a full time basis during such 30 day period), (ii) if the Executive’s
employment is terminated by the Executive for Good Reason, the date specified in the Notice of Termination, and (iii) if the Executive’s employment is terminated by the Company for any other reason, the date on which a Notice of
Termination is given; provided, however, that if within 30 days after any Notice of Termination is given to the Executive by the Company, the Executive notifies the Company that a dispute exists concerning the termination, the Date of Termination
shall be a date no earlier than the date on which the Notice of Termination is given, but otherwise, if the termination is to be effective, as of the date so determined, whether by mutual written agreement of the parties or upon final judgment,
order or decree of a court of competent jurisdiction. 
  

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 3. Severance Compensation Upon Termination of Employment Following a Change in Control:

 (a) If, pursuant to subparagraph 2(a), the Executive is entitled to the compensation provided for in this Paragraph 3,
then, subject to the provisions of Paragraph 7 below, the Company shall pay to the Executive in a lump sum cash payment, the following: 
 (i) the Change in Control Severance Amount as defined in subparagraph 3(b) below within five days following, but not earlier than, the sixth month anniversary of the Date of Termination; plus 
 (ii) the Executive’s earned but unpaid base annual salary through the period ending on the Date of Termination within the time
required by law for the payment of wages upon termination of employment; plus 
 (iii) interest, if any, on the amounts
payable pursuant to clauses (i) and (ii) above calculated from the Date of Termination until paid (including interest calculated for the six month period from the Date of Termination to the date of payment pursuant to clause (i) or
from the Date of Termination to the date of payment pursuant to clause (ii) if not paid when due) at a rate equal to the prime rate as published in the Wall Street Journal on the Date of Termination plus three percentage points, compounded
annually. 
 (b) “Change in Control Severance Amount” shall mean an amount equal to the sum of (i) two times
the greater of (A) the Executive’s base annual salary in effect as of the Date of Termination or (B) the average of the Executive’s base annual salary paid for the five fiscal years ending prior to the Date of Termination, plus
(ii) two times the greater of (A) the annual cash bonus awarded by the Board to the Executive with respect to the Company’s most 

  

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recent fiscal year ending prior to the Date of Termination or (B) the average of the annual cash bonus amounts awarded by the Board to the Executive
with respect to the Company’s most recent five fiscal years ending prior to the Date of Termination. 
 (c) If, pursuant
to subparagraph 2(a), the Executive is entitled to the compensation provided in this Paragraph 3, then the Executive will be entitled to continued participation in all Welfare Benefit Plans (as defined in subparagraph 2(e)(iii) above) in which the
Executive was participating on the Date of Termination, such continued participation to be at Company cost and otherwise on the same basis as Company employees generally, until the earlier of (i) the date, or dates, the Executive receives
equivalent coverage and benefits under the plans and programs of a subsequent employer (such coverages and benefits to be determined on a coverage-by-coverage or benefit-by-benefit basis) or (ii) two years from the Date of Termination; provided
(A) if the Executive is precluded from continuing participation in any Welfare Benefit Plan as provided in this sentence, the Executive shall be paid, in a lump sum cash payment, within 30 days following the date it is determined the Executive
is unable to participate in any Welfare Benefit Plan, the after-tax economic equivalent of the benefits provided under the plan or program in which the Executive is unable to participate for the period specified in this sentence, and (B) the
economic equivalent of any benefit foregone shall be deemed to be the lowest cost that would be incurred by the Executive in obtaining such benefit (including family or dependent coverage, if applicable) on an individual basis. The Executive shall
be eligible for group health plan continuation coverage under and in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, when the Executive ceases to be eligible for continued participation in the Company’s
group health plan under this subparagraph (c). 
  

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 4. Company Right to Terminate Employment With or Without Cause; No Obligation of Executive to Mitigate
Damages; No Effect On Other Contractual Rights: 
 (a) Notwithstanding anything to the contrary herein, the Executive
shall serve the Company at the pleasure of the Board and the Board may terminate the Executive’s employment at any time, with our without Cause subject to the Executive’s right to payment of the severance compensation provided for herein,
if applicable. The Executive hereby acknowledges that this agreement does not guarantee continued employment with the Company for any period of time and upon termination of the Executive’s employment, the Executive shall have no claim for
compensation or other benefits pursuant to this agreement except as specifically set forth herein following a Change of Control. 
 (b) The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount of any payment provided for under this Agreement be
reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination or otherwise. 
 (c) The provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amounts otherwise payable, or in any way diminish the Executive’s existing rights, or rights which would accrue
solely as a result of the passage of time, under any Benefit Plan, Incentive Plan or Securities Plan, or other contract, plan or agreement with or of the Company. 
  

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 5. Options, Securities Awards, And Incentive Awards: 
 (a) In the event of a Change in Control of the Company, then notwithstanding the terms and conditions of any Securities Plan or other
plan, agreement or arrangement, (i) if any Securities Plan will not be continued as to the securities of the Company or as to substantially equivalent publicly traded securities of the Company or any successor entity, or (ii) if the
Executive’s employment is terminated and the Executive is entitled to the compensation provided for in Paragraph 3, then the Company agrees to accelerate, vest, and make immediately exercisable in full all unexercisable installments of all
options to acquire securities of the Company, to vest all unvested awards of securities of the Company and to waive any resale or other restrictions or rights of repurchase applicable to securities underlying such options or applicable to awards of
securities of the Company in each case, which are held by the Executive on the date of such Change in Control, including without limitation any options or securities obtained by the Executive pursuant to any Securities Plan or securities obtained by
the Executive pursuant to any discontinued Incentive Plan (as defined in subparagraph 2(e)) to the extent that the Executive may not otherwise be able to realize the expected benefits thereof upon continued employment by the Company or a publicly
traded successor entity. 
 (b) If the provisions of subparagraph (a) of this Paragraph 5 are applicable with respect to
any Securities Plan within six (6) months following a Change in Control, any options or securities obtained by the Executive pursuant to the discontinued Securities Plan or securities obtained by the Executive pursuant to any Incentive Plan as
described in subparagraph (a) shall have a limited right of surrender allowing the Executive to surrender such options or securities within the 30 day period following the date on which the provisions of subparagraph 

  

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(a) first become applicable and to receive a cash payment in exchange for the surrender of such options or securities. The amount of such payment shall be
equal to the sum of (i) the product of the number of securities obtained by the Executive pursuant to such Securities Plan or Incentive Plan multiplied by the greater of (x) the fair market value of the securities of the Company on the
date prior to the Change in Control or (y) the per share price paid to shareholders in connection with such Change in Control (alternatively, the “Securities Price”) and (ii) the product of (a) the number of securities
covered by options multiplied by (b) the positive amount, if any, equal to the Securities Price minus the exercise price. Notwithstanding the foregoing, if any such payment would result in liability under Section 16 of the Exchange Act,
the right of surrender shall commence upon the earliest date it can be exercised by the Executive without liability and continue for thirty days thereafter. 
 6. Termination: This Agreement shall continue in effect for a period of two (2) years and shall automatically renew for successive two (2) year periods from the earlier of (a) the next scheduled
termination date, unless the Board provides the Executive with a notice of non-renewal at least 6 months before the next scheduled termination date, or (b) the effective date of a Change of Control. 
 7. Adjustment Related to Application of Excise Tax: If the Executive is entitled to receive the compensation provided for in Paragraph 3 and any
payment received or to be received by the Executive is or will be subject to the tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), the adjustment set forth in
subparagraph (a) shall be made to the payments provided for in Paragraph 3 above. 
  

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 (a) If the present value of all benefits and payments to the Executive included in the
determination of “parachute payments” pursuant to Section 280G(b)(2) of the Code received by or to be received by the Executive (the “Parachute Payments”) is equal to or exceeds 3 times the “base amount” with
respect to the Executive as determined pursuant to Section 280G(b)(3) of the Code (the “Base Amount”), then the amount payable to the Executive pursuant to Paragraph 3 above shall be reduced so that the present value of the Parachute
Payments is equal to 3 times the Base Amount minus the sum of One Hundred Dollars ($100.00.) 
 (b) It is the intention of the
parties to this Agreement that the compensation payable to the Executive pursuant to this Agreement contingent upon a Change of Control of the Company will not result in any “excess parachute payment” to the Executive as determined under
Section 280G(b) of the Code or application of the Excise Tax to any such excess parachute payment. The provisions of this Paragraph 7 shall be applied so as to carry out the parties’ intention with respect to such tax treatment. Each party
agrees to take such action as may be necessary or appropriate to carry out the provisions of this Paragraph 7 and to cooperate with the other as to all required determinations, including the payment or return of any payment determined to be due to
the Executive or to the Company, respectively. The Company shall pay all costs of accounting to assure compliance with the intent of this Paragraph 7. 
 8. Successors: The Company will require any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company, by agreement in form and substance satisfactory to the Executive, expressly, absolutely and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to

  

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perform it if no such succession or assignment had taken place. Any failure of the Company to obtain such agreement prior to the effectiveness of any such
succession or assignment shall be a material breach of this Agreement and shall entitle the Executive to terminate the Executive’s employment for Good Reason and receive the compensation provided for in Paragraph 3 above. As used in this
Agreement, “Company” shall mean the Company as hereinbefore defined and any successor or assign to its business and/or assets as aforesaid which executes and delivers the agreement provided for in this Paragraph 2 or which otherwise
becomes bound by all the terms and provisions of this Agreement by operation of law. 
 9. Survivorship: The respective rights and
obligations of the parties hereunder shall survive any termination of this Agreement to the extent necessary to the intended preservation of such rights and obligations and to the extent that any performance is required following termination of this
Agreement. 
 10. Notices: Any notice, request, demand or other communication required or permitted hereunder shall be deemed to be
properly given when personally served in writing, when deposited in the United States mail, postage prepaid, or when communicated to a public telegraph company for transmittal, addressed to the Company at its head office location or the Executive at
the Executive’s last known address. Either party may change its address by written notice in accordance with this paragraph. 
 11.
Benefit of Agreement: This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the
Executive should die while any amounts are still payable to the Executive hereunder, all such amounts, unless otherwise 

  

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provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee or other designee or, if there be no
such designee, to the Executive’s estate. 
 12. Applicable Law: Except to the extent governed by the laws of the United States,
this Agreement is to be governed by and construed under the laws of the State of California. 
 13. Captions and Paragraph Headings:
Captions and paragraph headings used herein are for convenience only and are not a part of this Agreement and shall not be used in the interpretation of this Agreement. 
 14. Invalid Provisions: Should any provision of this Agreement for any reason be declared invalid, void or unenforceable by a court of competent jurisdiction, the validity and binding effect of any remaining
portion shall not be affected, and the remaining portions of this Agreement shall remain in full force and effect as if this Agreement had been executed with said provision eliminated. 
 15. Entire Agreement: This Agreement contains the entire agreement of the parties. It supersedes any and all other agreements, either oral or in
writing, between the parties hereto with respect to the matters covered herein and specifically, the Employment Agreement between the Company and the Executive dated 9TH day of July, 2001 is terminated as of the Effective Date of this Agreement. Each party to this Agreement acknowledges that no representations, inducements,
promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement, or promise relating to the matters covered herein and not
contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by any agreement in writing signed by the Company and the Executive. 
  

 21 

 16. Attorney’s Fees: If any action, including arbitration, is brought to enforce this
Agreement or to determine the relative rights and obligations of either of the parties and a ruling is obtained in favor of either party, regardless of which party institutes the action, the prevailing party will be entitled to reasonable
attorney’s fees. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

  

									
	“COMPANY”	 		 	 “EXECUTIVE”

			
	 WD-40 COMPANY
	 		 	
				
	By	 	/s/ GARRY O. RIDGE	 		 	/s/ WILLIAM B. NOBLE
		 	GARRY O. RIDGE, President & CEO	 		 	 WILLIAM B. NOBLE, Executive

					
	By	 	/s/ MARIA M. MITCHELL	 		 		 	
		 	 MARIA M. MITCHELL, Secretary
	 		 		 	

  

 22EXHIBIT 4.21

 Exhibit 4.21 
 NINETEENTH SUPPLEMENTAL INDENTURE TO 
 AMENDED AND RESTATED INDENTURE 
 NINETEENTH SUPPLEMENTAL INDENTURE dated April 4, 2006, among HOST MARRIOTT, L.P., a Delaware limited partnership (the “Company”),
the Subsidiary Guarantors signatory to this Nineteenth Supplemental Indenture and THE BANK OF NEW YORK, as Successor Trustee (the “Trustee”) to the Amended and Restated Indenture, dated as of August 5, 1998, as amended and
supplemented through the date of this Nineteenth Supplemental Indenture (the “Indenture”). 
 RECITALS 
 WHEREAS, the Company, its Parents, certain of the Subsidiary Guarantors and HSBC Bank USA (f/k/a Marine Midland Bank) executed and delivered the Amended
and Restated Indenture, dated as of August 5, 1998, amending and restating the form of Indenture previously filed as Exhibit 4.1 to the Registration Statement (No. 333-50729) filed with the Securities and Exchange Commission
(“Commission”) on Form S-3 by the Company, its Parents and certain of the Subsidiary Guarantors; 
 WHEREAS, the Company and
the Subsidiary Guarantors desire to create two series of Securities to be issued under the Indenture, as hereby supplemented, to be known as (i) the 6  3/4% Series P Senior Notes due 2016 and Subsidiary Guarantees thereof of the Subsidiary Guarantors (hereinafter, the “Series P Notes”) and (ii) the
6  3/4% Series Q Senior Notes due 2016 and the Subsidiary Guarantees thereof of the Subsidiary Guarantors to
be exchanged for the Series P Notes (hereinafter, the “Series Q Notes”); 
 WHEREAS, Section 9.1(e) of
the Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may amend or supplement the Indenture without the written consent of the Holders of the outstanding Securities to provide for the issuance of and establish the form
and terms and conditions of Securities of any Series as permitted by the Indenture; 
 WHEREAS, all acts and things prescribed by the
Indenture, by law and by the Certificate of Incorporation and the Bylaws of the Company, the Subsidiary Guarantors and the Trustee necessary to make this Nineteenth Supplemental Indenture a valid instrument legally binding on the Company, the
Subsidiary Guarantors and the Trustee, in accordance with its terms, have been duly done and performed; and 
 WHEREAS, all conditions
precedent to amend or supplement the Indenture have been met. 

 NOW, THEREFORE, to comply with the provisions of the Indenture, and in consideration of the above
premises, the Company, the Subsidiary Guarantors and the Trustee covenant and agree as follows: 
 ARTICLE 1 
 Section 1.01 Nature of Supplemental Indenture. This Nineteenth Supplemental Indenture supplements the Indenture and does and shall be deemed to
form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes. 
 Section 1.02
Establishment of New Series. Pursuant to Section 2.2 of the Indenture, there is hereby established the Series P Notes and the Series Q Notes (collectively, the “6  3/4% Notes”) having the terms, in addition to those set forth in the Indenture and this
Nineteenth Supplemental Indenture, set forth in the form of 6  3/4% Notes, attached to this Nineteenth
Supplemental Indenture as Exhibit A, which is incorporated herein as a part of this Nineteenth Supplemental Indenture. In addition to the initial aggregate principal amount of Series P Notes issued on the Series Issue Date, the Company may issue
additional Series P Notes (the “Additional Notes”) under the Indenture and this Nineteenth Supplemental Indenture in accordance with Section 2.2 of the Indenture and Section 4.7 of the Indenture, as supplemented by
Section 5.01 below of this Nineteenth Supplemental Indenture. 
 Section 1.03 Redemption. (a) At any time
prior to June 1, 2011, upon not less than 30 nor more than 60 days’ notice, the Company may redeem the 6  3/4% Notes in whole or in part at any time at a Redemption Price equal to 100% of the principal amount thereof plus the Make-Whole Premium, together with accrued and unpaid interest thereon, if any, to the applicable Redemption Date
(subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the applicable Redemption Date). 
 (b) At any time on or after June 1, 2011, upon not less than 30 days notice nor more than 60 days’ notice, the Company may
redeem the 6  3/4% Notes for cash at its option, in whole or in part, at the following Redemption Prices
(expressed as percentages of the principal amount) if redeemed during the 12-month period commencing June 1 of the years indicated below, in each case, together with accrued and unpaid interest, if any, thereon to the applicable Redemption Date
(subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the applicable Redemption Date): 
  

				
	 Year
	  	Percentage	 
	 2011
	  	103.375	%
	 2012
	  	102.250	%
	 2013
	  	101.125	%
	 2014 and thereafter
	  	100.00	%

 (c) Prior to June 1, 2009, the Company may redeem from time to time up to 35%
of the aggregate principal amount of the 6  3/4% Notes outstanding at a Redemption Price equal to 106.75% of
the principal amount thereof, together with 

  

 2 

 
accrued and unpaid interest thereon, if any, to the applicable Redemption Date (subject to the right of Holders of record on the relevant Record Date to
receive interest due on an Interest Payment Date that is on or prior to the applicable Redemption Date) with the Net Cash Proceeds of one or more Equity Offerings; provided, that at least 65% of the aggregate principal amount of the
6  3/4% Notes originally issued on the Series Issue Date remain outstanding after such redemption; and
provided, further, that such redemption shall occur within 90 days after the date on which any such Equity Offering is consummated. 
 (d) If the initial closing of the Starwood Transactions does not occur on or before May 31, 2006 on substantially the terms described in the Offering Memorandum, or if, in the Company’s judgment, the initial
closing of the Starwood Transactions will not occur on or before May 31, 2006 on substantially the terms described in the Offering Memorandum, the Company shall be permitted to redeem up to $400 million in aggregate principal amount of the
6  3/4% Notes then outstanding, in whole or in part and at our option, upon not less than 10 days notice
(such notice will be provided on or before May 31, 2006), at a redemption price equal to 100% of the aggregate principal amount of the 6  3/4% Notes to be redeemed plus accrued and unpaid interest to the applicable redemption date. Upon the initial closing of the Starwood Transactions, the foregoing provisions regarding this special
optional redemption will cease to apply. 
 (e) The 6  3/4% Notes will not have the benefit of any sinking fund. 
 (f) Except as set forth in Section 1.03(d), notice of a redemption of the 6  3/4% Notes made pursuant to this Section 1.03 shall be given in the manner set forth in Section 3.3 of the Indenture; provided, however, that any such notice need not set forth the Redemption Price but need only set
forth the calculation thereof as described in subsection (a) of this Section 1.03. The Redemption Price, calculated as aforesaid, shall be set forth in an Officer’s Certificate delivered by the Company to the Trustee no later than one
Business Day prior to the Redemption Date. 
 ARTICLE 2 
 Section 2.01 “Subsidiary Guarantors” means, with respect to the 6  3/4% Notes, (A) the Subsidiary Guarantors listed in Section 2.03 below and (B) any Future Subsidiary Guarantors that become Subsidiary Guarantors pursuant to the terms of the Indenture, but in each case excluding any
Persons whose Guarantees have been released pursuant to the terms of the Indenture. The provisions of Article 12 of the Indenture will be applicable to the 6  3/4% Notes. 
 Section 2.02 The second sentence of the
definition of “Subsidiary Guarantee” set forth in Section 1.1 of the Indenture shall read, for purposes of the 6  3/4% Notes, as follows: “Each Subsidiary Guarantee with respect to the 6  3/4% Notes will be a senior obligation of the Subsidiary Guarantor and will be full and unconditional regardless of 

  

 3 

 
the enforceability of the 6  3/4% Notes, the Nineteenth Supplemental Indenture or the Indenture.” 
 Section 2.03 The following entities shall
constitute the “Subsidiary Guarantors” with respect to the 6  3/4% Notes until such time as
their guarantees are released in accordance with the terms of the Indenture: 
  

	 	(1)	Airport Hotels LLC; 

	 	(2)	Host of Boston, Ltd.; 

	 	(3)	Host of Houston, Ltd; 

	 	(4)	Host of Houston 1979; 

	 	(5)	HMC Retirement Properties, L.P.; 

	 	(6)	HMH Marina LLC; 

	 	(7)	Farrell’s Ice Cream Parlour Restaurants LLC; 

	 	(8)	HMC Atlanta LLC; 

	 	(9)	HMC BCR Holdings LLC; 

	 	(10)	HMC Burlingame LLC; 

	 	(11)	HMC Capital LLC; 

	 	(12)	HMC Capital Resources LLC; 

	 	(13)	HMC Park Ridge LLC; 

	 	(14)	Host Park Ridge LLC; 

	 	(15)	HMC Suites LLC; 

	 	(16)	HMC Suites Limited Partnership; 

	 	(17)	PRM LLC; 

	 	(18)	Wellsford-Park Ridge HMC Hotel Limited Partnership; 

	 	(19)	YBG Associates LLC; 

	 	(20)	HMC Chicago LLC; 

	 	(21)	HMC Desert LLC; 

	 	(22)	HMC Palm Desert LLC; 

	 	(23)	HMC Diversified LLC; 

	 	(24)	HMC East Side LLC; 

	 	(25)	East Side Hotel Associates, L.P.; 

	 	(26)	HMC East Side II LLC; 

	 	(27)	HMC Gateway LLC; 

	 	(28)	HMC Grand LLC; 

	 	(29)	HMC Hanover LLC; 

	 	(30)	HMC Hartford LLC; 

	 	(31)	HMC Hotel Development LLC; 

	 	(32)	HMC HPP LLC; 

	 	(33)	HMC IHP Holdings LLC; 

	 	(34)	HMC Manhattan Beach LLC; 

	 	(35)	HMC Market Street LLC; 

	 	(36)	New Market Street LP; 

	 	(37)	HMC Georgia LLC; 

  

 4 

	 	(38)	HMC Mexpark LLC; 

	 	(39)	HMC Polanco LLC; 

	 	(40)	HMC NGL LLC; 

	 	(41)	HMC OLS I L.P.; 

	 	(42)	HMC OP BN LLC; 

	 	(43)	HMC Pacific Gateway LLC; 

	 	(44)	HMC PLP LLC; 

	 	(45)	Chesapeake Hotel Limited Partnership; 

	 	(46)	HMC Potomac LLC; 

	 	(47)	HMC Properties I LLC; 

	 	(48)	HMC Properties II LLC; 

	 	(49)	HMC SBM Two LLC; 

	 	(50)	HMC Seattle LLC; 

	 	(51)	HMC SFO LLC; 

	 	(52)	HMC Swiss Holdings LLC; 

	 	(53)	HMH General Partner Holdings LLC; 

	 	(54)	HMH Norfolk LLC; 

	 	(55)	HMH Norfolk, L.P.; 

	 	(56)	HMH Pentagon LLC; 

	 	(57)	HMH Restaurants LLC; 

	 	(58)	HMH Rivers LLC; 

	 	(59)	HMH Rivers, L.P.; 

	 	(60)	HMH WTC LLC; 

	 	(61)	Host La Jolla LLC; 

	 	(62)	City Center Hotel Limited Partnership; 

	 	(63)	Times Square LLC; 

	 	(64)	Ivy Street LLC; 

	 	(65)	Market Street Host LLC; 

	 	(66)	Philadelphia Airport Hotel LLC; 

	 	(67)	PM Financial LLC; 

	 	(68)	PM Financial LP; 

	 	(69)	HMC Property Leasing LLC; 

	 	(70)	HMC Host Restaurants LLC; 

	 	(71)	Santa Clara HMC LLC; 

	 	(72)	S.D. Hotels LLC; 

	 	(73)	Times Square GP LLC; 

	 	(74)	Durbin LLC; 

	 	(75)	HMC HT LLC; 

	 	(76)	HMC JWDC LLC; 

	 	(77)	HMC OLS I LLC; 

	 	(78)	HMC OLS II L.P.; 

	 	(79)	HMC/Interstate Manhattan Beach, L.P.; 

	 	(80)	Ameliatel; 

	 	(81)	HMC Amelia I LLC; 

  

 5 

	 	(82)	HMC Amelia II LLC; 

	 	(83)	Rockledge Hotel LLC; 

	 	(84)	Fernwood Hotel LLC; 

	 	(85)	HMC Copley LLC; 

	 	(86)	HMC Headhouse Funding LLC; 

	 	(87)	Ivy Street Hopewell LLC; 

	 	(88)	HMC Diversified American Hotels, L.P.; 

	 	(89)	Potomac Hotel Limited Partnership; 

	 	(90)	HMC AP GP LLC; 

	 	(91)	HMC AP LP; 

	 	(92)	HMC AP Canada Company; 

	 	(93)	HMC Toronto Airport GP LLC; 

	 	(94)	HMC Toronto Airport LP; 

	 	(95)	HMC Toronto EC GP LLC; 

	 	(96)	HMC Toronto EC LP; 

	 	(97)	HMC Charlotte GP LLC; 

	 	(98)	HMC Charlotte LP; 

	 	(99)	HMC Charlotte (Calgary) Company; 

	 	(100)	Calgary Charlotte Partnership; 

	 	(101)	Calgary Charlotte Holdings Company; 

	 	(102)	HMC Grace (Calgary) Company; 

	 	(103)	HMC Maui LLC; 

	 	(104)	HMC Kea Lani LLC; 

	 	(105)	HMC Chicago Lakefront LLC; 

	 	(106)	HMC Lenox LLC; 

	 	(107)	HMC O’Hare Suites Ground LLC; 

	 	(108)	HMC McDowell Mountains LLC; 

	 	(109)	HMC Toronto Air Company; and 

	 	(110)	HMC Toronto EC Company. 

 By execution of this Nineteenth
Supplemental Indenture, each of the Subsidiary Guarantors makes and confirms the guarantees set forth in Section 12.1 of the Indenture and shall be deemed to have signed the notation of guarantee set forth on the Securities as provided in
Section 12.2 of the Indenture. 
 ARTICLE 3 
 Section 3.01 Subject to the further provisions of this Article 3 and Article 5 of this Nineteenth Supplemental Indenture, the covenants set forth in Article 4 of the Indenture shall be applicable to the Notes. By
virtue of the occurrence of the REIT Conversion, Section 4.15 of the Indenture (as replaced and superseded by Section 5.03 of this Nineteenth Supplemental Indenture) is applicable, and Section 4.9 of the Indenture is inapplicable, to
the 6  3/4% Notes. 
  

 6 

 Section 3.02 The provisions of Sections 4.10 and 4.11 of the Indenture and Section 5.02, 5.03 and
5.04 of the Nineteenth Supplemental Indenture shall be applicable to the 6  3/4% Notes only for so long as
and during any time that such 6  3/4% Notes are not rated Investment Grade. 
 Section 3.03 For avoidance of doubt, the definition of “GAAP” contained in the Indenture shall apply in all instances to
the 6  3/4% Notes and the provisions of Section 1.4(c) of the Indenture shall not apply in any instance
to the 6  3/4% Notes. 
 Section 3.04 Section 9.1 of the Indenture is hereby supplemented by the following clause solely with respect to the 6  3/4% Notes: 
 “(k) to conform the text of this Indenture or the Notes to any provision of the “Description of Series P Senior Notes” section of the Company’s Offering Memorandum dated March 29, 2006,
relating to the initial offering of the 6  3/4% Notes, to the extent that such provision in that
“Description of Series P Senior Notes” was intended to be a verbatim recitation of a provision of this Indenture or of the 6  3/4% Notes.” 
 ARTICLE 4 
 Section 4.01 The following definitions are hereby added to the Indenture solely with respect to the 6  3/4% Notes: 
 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depository, Euroclear and Clearstream that apply to such transfer or
exchange at the relevant time. 
 “Certificated Note” means a certificated Note registered in the name of the
Holder thereof and issued in accordance with Section 6.01 of this Nineteenth Supplemental Indenture, in the form of Exhibit A to this Nineteenth Supplemental Indenture except that such Note shall not include the information called for by
footnotes 2, 5 and 8 thereof. 
 “Clearstream” means Clearstream Banking S.A., or its successors. 

“Consolidated Coverage Ratio” of any Person on any Transaction Date means the ratio, on a pro forma basis, of:

 (a) the aggregate amount of Consolidated EBITDA of such Person attributable to continuing operations and businesses
(exclusive of amounts attributable to operations and businesses permanently discontinued or disposed of) for the Reference Period, 

  

 7 

 
to: 
 (b) the aggregate
Consolidated Interest Expense of such Person (exclusive of amounts attributable to operations and businesses permanently discontinued or disposed of, but only to the extent that the obligations giving rise to such Consolidated Interest Expense would
no longer be obligations contributing to such Person’s Consolidated Interest Expense subsequent to the Transaction Date) during the Reference Period; 
 provided that for purposes of such calculation: 
 (i) acquisitions of operations, businesses
or other income-producing assets (including any reinvestment of disposition proceeds in income-producing assets held as of and not disposed on the Transaction Date) which occurred during the Reference Period or subsequent to the Reference Period and
on or prior to the Transaction Date shall be assumed to have occurred on the first day of the Reference Period; 
 (ii)
transactions giving rise to the need to calculate the Consolidated Coverage Ratio shall be assumed to have occurred on the first day of the Reference Period; 
 (iii) the incurrence of any Indebtedness or issuance of any Disqualified Stock during the Reference Period or subsequent to the Reference
Period and on or prior to the Transaction Date (and the application of the proceeds therefrom to the extent used to refinance or retire other Indebtedness or invested in income-producing assets held as of and not disposed on the Transaction Date)
shall be assumed to have occurred on the first day of such Reference Period; 
 (iv) the Consolidated Interest Expense of such
Person attributable to interest on any Indebtedness or dividends on any Disqualified Stock bearing a floating interest (or dividend) rate shall be computed on a pro forma basis as if the average rate in effect from the beginning of the Reference
Period to the Transaction Date had been the applicable rate for the entire period, unless such Person or any of its Subsidiaries is a party to an Interest Swap or Hedging Obligation (which shall remain in effect for the 12-month period immediately
following the Transaction Date) that has the effect of fixing the interest rate on the date of computation, in which case such rate (whether higher or lower) shall be used; and 
 (v) whenever pro forma effect is to be given to an acquisition of assets, the amount of income or earnings related thereto and the amount
of Consolidated Interest Expense associated with any Indebtedness Incurred in connection therewith, the pro forma calculation shall be determined in good faith by a responsible financial or accounting officer of the Company. 
  

 8 

 “Consolidated EBITDA” means, for any Person and for any period, the
Consolidated Net Income of such Person for such period adjusted to add thereto (to the extent deducted from net revenues in determining Consolidated Net Income), without duplication, (A) the sum of (i) Consolidated Interest Expense,
(ii) provisions for taxes based on income (to the extent of such Person’s proportionate interest therein), (iii) depreciation and amortization expense (to the extent of such Person’s proportionate interest therein), (iv) any
other noncash items reducing the Consolidated Net Income of such Person for such period (to the extent of such Person’s proportionate interest therein), (v) any dividends or distributions during such period to such Person or a Consolidated
Subsidiary (to the extent of such Person’s proportionate interest therein) of such Person from any other Person which is not a Restricted Subsidiary of such Person or which is accounted for by such Person by the equity method of accounting
(other than a Non-Consolidated Restricted Entity), to the extent that (a) such dividends or distributions are not included in the Consolidated Net Income of such Person for such period and (b) (1) the sum of such dividends and
distributions, plus the aggregate amount of dividends or distributions from such other Person since the Issue Date that have been included in Consolidated EBITDA pursuant to this clause (v), do not exceed the cumulative net income of such other
Person attributable to the equity interests of the Person (or Restricted Subsidiary of the Person) whose Consolidated EBITDA is being determined, (vi) any cash receipts of such Person or a Consolidated Subsidiary of such Person (to the extent
of such Person’s proportionate interest therein) during such period that represent items included in Consolidated Net Income of such Person for a prior period which were excluded from Consolidated EBITDA of such Person for such prior period by
virtue of clause (B) of this definition, and (vii) any nonrecurring expenses incurred in connection with the REIT Conversion, minus (B) the sum of (I) all non-cash items increasing the Consolidated Net Income of such Person or a
Consolidated Subsidiary of such Person (to the extent of such Person’s proportionate interest therein) for such period and (II) any cash expenditures of such Person or a Consolidated Subsidiary of such Person (to the extent of such
Person’s proportionate interest therein) during such period to the extent such cash expenditures (a) did not reduce the Consolidated Net Income of such Person for such period and (b) were applied against reserves or accruals that
constituted noncash items reducing the Consolidated Net Income of such Person or a Consolidated Subsidiary of such Person (to the extent of such Person’s proportionate interest therein) when reserved or accrued; all as determined on a
consolidated basis for such Person and its Consolidated Subsidiaries (it being understood that the accounts of such Person’s Consolidated Subsidiaries shall be consolidated only to the extent of such Person’s proportionate interest
therein). 
 “Credit Facility” means the credit facility established pursuant to the Credit Agreement, dated
as of August 5, 1998 among the Company, Host, certain other Subsidiaries party thereto, the lenders party thereto, Bankers Trust Company, as Arranger and Administrative Agent, and Wells Fargo Bank, N.A., The Bank of Nova Scotia and Credit
Lyonnais New York Branch, as Co-Arrangers, together with all other agreements, instruments and documents executed or delivered pursuant thereto or in connection therewith, in each case as such agreements, instruments or documents may be amended,

  

 9 

 
supplemented, extended, renewed, replaced or otherwise modified or restructured from time to time (including by way of adding Subsidiaries of the Company as
additional borrowers or guarantors thereof), whether by the same or any other agent, lender or group of lenders (including by means of sales of debt securities to institutional investors) but excluding Indebtedness incurred under clause
(xii) of paragraph (d) of Section 5.01 of this Nineteenth Supplemental Indenture. 
 “Equity
Offering” means any public or private sale of (i) Qualified Capital Stock by the Company or (ii) Capital Stock by Host REIT where the Net Cash Proceeds of such sale are contributed to the Company as a Capital Contribution
substantially concurrently therewith, and in each case, other than public offerings registered on Form S-8. 
 “Euroclear” means Euroclear Bank S.A./N.V., or its successor, as operator of the Euroclear system. 
 “Exchange Notes” means the Series Q Notes, which will be issued in exchange for Series P Notes pursuant to an Exchange Offer. 
 “Exchange Offer” means that the offer that is to be made by the Company and the Subsidiary Guarantors in accordance with the terms of the Registration Rights Agreement. 
 “Existing Senior Notes” means amounts outstanding from time to time of (i) the Series B Notes, (ii) the 8 3/8% Notes, (iii) the 9 1/4% Notes, (iv) the 9 1/2% Notes,
(v) the 7 1/8% Notes, (vi) the 7% Notes; (vii) the 6  3/8% Notes; and the Exchangeable Debentures, in each case not in excess of amounts outstanding immediately following
the Series Issue Date of the 6  3/4% Notes, less amounts retired from time to time.

 “Foreign Subsidiary” means any Restricted Subsidiary that is not
organized under the laws of the United States of America or any State thereof or the District of Columbia and any direct or indirect Subsidiary of such Restricted Subsidiary. 
 “Global Note” means a 6  3/4% Note that includes the information referred to in footnotes 2, 5 and 8 to the form of 6  3/4% Note, attached to this Nineteenth Supplemental Indenture as Exhibit A, issued under the Indenture, that is deposited with or on behalf of and registered in the name of the Depository or a nominee of
the Depository. 
 “Global Note Legend” means the legend set forth in Section 6.01(g)(ii)
of this Nineteenth Supplemental Indenture, which is required to be placed on all Global Notes issued under the Indenture. 
 “HMC” means Host Marriott Corporation, a Maryland corporation and the successor by merger to Host, which is the sole general partner of the Operating 

  

 10 

 
Partnership following the REIT Conversion, and its successors and assigns. 
 “HMH Properties” means HMH Properties, Inc., a Delaware corporation, which was merged into the Operating Partnership on
December 16, 1998. 
 “Host REIT” means Host Marriott Corporation, a Maryland corporation and the
successor by merger to Host, which is the sole general partner of the Operating Partnership following the REIT Conversion, and its successors and assigns. 
 “Host REIT Merger” means the merger of Host with and into Host REIT, with Host REIT surviving the merger, which merger occurred on December 29, 1998. 
 “Indirect Participant” means an entity that, with respect to DTC, clears through or maintains a direct or indirect
custodial relationship with a Participant. 
 “Initial Closing of the Starwood Transactions” means the
closing not later than April 24, 2006 at which HMC acquires 30 hotels from Starwood Hotels & Resorts Worldwide, Inc. on the terms and conditions described in that certain master agreement and plan of merger, dated November 14,
2005, by and among HMC, the Company, Starwood Hotels & Resorts Worldwide, Inc., and Starwood Hotels & Resorts, as amended on March 24, 2006. 
 “Initial Purchasers” means Goldman, Sachs & Co., Banc of America Securities LLC, Deutsche Bank Securities Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNY Capital Markets, Inc., Calyon Securities (USA) Inc., Citigroup Global Markets Inc., RBS Greenwich Capital Markets, Inc., Scotia Capital (USA) Inc., SG Americas Securities LLC and
Wachovia Capital Markets, LLC. 
 “Institutional Accredited Investor” means an institution that is an
“accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who is not also a QIB. 
 “Letter of Transmittal” means the letter of transmittal to be prepared by the Company and sent to all Holders of the Series P Notes for use by such Holders in connection with the Exchange Offer.

 “Make-Whole Premium” means, with respect to any 6  3/4% Note at any Redemption Date, the excess, if any, of (a) the present value of the sum of the principal amount and premium, if any, that would be
payable on such 6  3/4% Note on June 1, 2011, as set forth in Section 1.03(b) of this Nineteenth
Supplemental Indenture and all remaining interest payments (not including any portion of such payments of interest accrued as of the Redemption Date) to and including June 1, 2011, discounted on a semi-annual bond equivalent basis from such
maturity date to the Redemption Date at a per annum interest rate equal to the sum of the Treasury Yield (determined on the Business Day immediately preceding such Redemption Date), plus 50 basis points, over (b) the principal amount of the
6  3/4% Note being redeemed. 
  

 11 

 “Merger” means, the merger of HMH Properties with and into the Operating
Partnership with the Operating Partnership as the surviving entity, which merger occurred on December 16, 1998. 
 “Net Cash Proceeds” means, (i) with respect to any Asset Sale other than the sale of Capital Stock of a Restricted Subsidiary, the proceeds of such Asset Sale in the form of cash or Cash Equivalents, including payments
in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or Cash Equivalents (except to the extent such obligations are financed or sold with
recourse to the Company or any of its Restricted Subsidiaries) and proceeds from the conversion of other property received when converted to cash or Cash Equivalents, net of : 
 (a) brokerage commissions and other fees and expenses (including fees and expenses of counsel and investment bankers) related to such
Asset Sale; 
 (b) provisions for all Taxes (including Taxes of Host REIT) actually paid or payable as a result of such Asset
Sale by the Company and its Restricted Subsidiaries, taken as a whole; 
 (c) payments made to repay Indebtedness (other than
Indebtedness subordinated in right of payment to the notes or a Subsidiary Guarantee) or any other obligations outstanding at the time of such Asset Sale that either (I) is secured by a Lien on the property or assets sold; or (II) is required
to be paid as a result of such sale; 
 (d) amounts reserved by the Company and its Restricted Subsidiaries against any
liabilities associated with such Asset Sale, including, without limitation, pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with
such Asset Sale, all as determined on a consolidated basis in conformity with GAAP; and 
 (e) any Permitted REIT
Distributions related to such Asset Sale (provided, however, that with respect to an Asset Sale by any Person other than the Company or a Wholly Owned Subsidiary, Net Cash Proceeds shall be the above amount multiplied by the Company’s
(direct or indirect) percentage ownership interest in such Person); and 
 (ii) with respect to any issuance or sale of
Capital Stock, the proceeds of such issuance or sale in the form of cash or Cash Equivalents, including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when
received in the form of cash or Cash Equivalents (except to the extent such obligations are financed or sold with recourse to the Company or any of its Restricted Subsidiaries) and proceeds from the conversion of other property 

  

 12 

 
received when converted to cash or Cash Equivalents, net of attorney’s fees, accountant’s fees, underwriters’ or placement agents’ fees,
discounts or commissions and brokerage, consultant and other fees incurred in connection with such issuance or sale and net of tax paid or payable as a result thereof (provided, however, that with respect to an issuance or sale by any Person other
than the Company or a Wholly Owned Subsidiary, Net Cash Proceeds shall be the above amount multiplied by the Company’s (direct or indirect) percentage ownership interest in such Person). 
 “Notes” means collectively, the Series P Notes and, when and if issued as provided in the Registration Rights Agreement,
the Exchange Notes. 
 “Offering Memorandum” means the Offering Memorandum of the Company and the Subsidiary
Guarantors dated March 29, 2006 with respect to the 6  3/4% Notes. 
 “Officer’s Certificate” means a certificate signed on behalf of the Company or Subsidiary Guarantor, as applicable,
by an officer of the Company or Subsidiary Guarantor, as applicable, who must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company or Subsidiary Guarantor, as
applicable. 
 “Participant” means, with respect to the Depository, Euroclear or Clearstream, a Person who
has an account with the Depository, Euroclear or Clearstream, respectively (and, with respect to The Depository Trust Company, shall include Euroclear and Clearstream). 
 “Paying Agent” means, until otherwise designated, the Trustee. 
 “Permitted Investment” means any of the following: (i) an Investment in Cash Equivalents; (ii) Investments in a
Person substantially all of whose assets are of a type generally used in a Related Business (an “Acquired Person”) if, as a result of such Investments: (a) the Acquired Person immediately thereupon is or becomes a Restricted
Subsidiary of the Company; or (b) the Acquired Person immediately thereupon either (I) is merged or consolidated with or into the Company or any of its Restricted Subsidiaries and the surviving Person is the Company or a Restricted
Subsidiary of the Company or (II) transfers or conveys all or substantially all of its assets to, or is liquidated into, the Company or any of its Restricted Subsidiaries; (iii) an Investment in a Person, provided that: (A) such
Person is principally engaged in a Related Business; (B) the Company or one or more of its Restricted Subsidiaries participates in the management of such Person, as a general partner, member of such Person’s governing board or otherwise;
and (C) any such Investment shall not be a Permitted Investment if, after giving effect thereto, the aggregate amount of Net Investments outstanding made in reliance on this clause (iii) subsequent to the Issue Date would exceed 10% of
Total Assets; (iv) Permitted Sharing Arrangement Payments; (v) securities received in connection with an Asset Sale so long as such Asset Sale complied with the Indenture including Section 5.04 of this Nineteenth 

  

 13 

 
Supplemental Indenture (but, only to the extent the fair market value of such securities and all other non-cash and non-Cash Equivalent consideration
received complies with clause (ii) of the first paragraph of Section 5.04 of this Nineteenth Supplemental Indenture; (vi) Investments in the Company or in Restricted Subsidiaries of the Company; (vii) Permitted Mortgage
Investments; (viii) any Investments constituting part of the REIT Conversion; and (ix) any Investments in a Non-Consolidated Entity, provided that (after giving effect to such Investment) the total assets (before depreciation and
amortization) of all Non-Consolidated Entities attributable to the Company’s proportionate ownership interest therein, plus an amount equal to the Net Investments outstanding made in reliance upon clause (iii) above, does not exceed 20% of
the total assets (before depreciation and amortization) of the Company and its Consolidated Subsidiaries (to the extent of the Company’s proportionate ownership interest therein). 
 “Permitted REIT Distributions” means, so long as Host REIT believes in good faith after reasonable diligence that Host
REIT qualifies as REIT under the Code, a declaration or payment of any dividend or the making of any distribution: (i) to Host REIT equal to the greater of: (a) the amount estimated by Host REIT in good faith after reasonable diligence to
be necessary to permit Host REIT to distribute to its shareholders with respect to any calendar year (whether made during such year or after the end thereof) 100% of the “real estate investment trust taxable income” of Host REIT within the
meaning of Code Section 857(b)(2), determined without regard to deductions for dividends paid and the exclusions set forth in Code Sections 857(b)(2)(C), (D), (E) and (F) but including therein all net capital gains and net recognized
built-in gains within the meaning of Treasury Regulations 1.337(d)-6 (whether or not such gains might otherwise be excluded or excludable therefrom), or (b) the amount that is estimated by Host REIT in good faith after reasonable diligence to
be necessary either to maintain Host REIT’s status as a REIT under the Code for any calendar year or to enable Host REIT to avoid the payment of any tax for any calendar year that could be avoided by reason of a distribution by Host REIT to its
shareholders, with such distributions to be made as and when determined by Host REIT, whether during or after the end of the relevant calendar year; in either the case of (a) or (b) if: (i) the aggregate principal amount of all
outstanding Indebtedness (other than the QUIPs Debt) of the Company and its Restricted Subsidiaries on a consolidated basis at such time is less than 80% of Adjusted Total Assets of the Company; and (II) no Default or Event of Default shall have
occurred and be continuing; and (ii)to any Person in respect of any Units, which distribution is required as a result of or a condition to the distribution or payment of such dividend or distribution to Host REIT. 
 “Private Placement Legend” means the legend set forth in Section 6.01(g)(i) of this Nineteenth Supplemental
Indenture to be placed on all Series P Notes issued under the Indenture except where otherwise permitted by the provisions of the Indenture. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 
  

 14 

 “Qualified Assets” means (i) Capital Stock of the Company or any of
its Subsidiaries or of other Subsidiaries of Host, Host REIT and each other Parent of the Company substantially all of whose sole assets are direct or indirect interests in Capital Stock of the Company, and (ii) other assets related to
corporate operations of Host, Host REIT and each other Parent of the Company which are de minimis in relation to those of Host, Host REIT and each other Parent of the Company and their Restricted Subsidiaries, taken as a whole. 
 “Refinancing Indebtedness” means Indebtedness or Disqualified Stock (i) issued in exchange for, or the proceeds from
the issuance and sale of which are used substantially concurrently to repay, redeem, defease, refund, refinance, discharge or otherwise retire for value, in whole or in part, or (ii) constituting an amendment, modification or supplement to, or
a deferral or renewal of ((i) and (ii) above are, collectively, a “Refinancing”), any Indebtedness or Disqualified Stock in a principal amount (or accreted value, if applicable) or, in the case of Disqualified Stock,
liquidation preference, not to exceed: (a) the principal amount (or accreted value, if applicable) or, in the case of Disqualified Stock, liquidation preference, of the Indebtedness or Disqualified Stock so refinanced, plus (b) all accrued
interest on the Indebtedness and the amount of all expenses and premiums incurred in connection therewith); provided that Refinancing Indebtedness (other than a revolving line of credit from a commercial lender or other Indebtedness whose
proceeds are used to repay a revolving line of credit from a commercial lender to the extent such revolving line of credit or other Indebtedness was not put in place for purposes of evading the limitations described in this definition) shall:
(x) not have an Average Life shorter than the Indebtedness or Disqualified Stock to be so refinanced at the time of such Refinancing, and (y) be subordinated in right of payment to the rights of holders of the notes if the Indebtedness or
Disqualified Stock to be refinanced was so subordinated. 
 “Registration Rights Agreement” means the
Registration Rights Agreement, dated as of April 4, 2006, by and among the Company, the Subsidiary Guarantors and the Initial Purchasers, as such agreement may be amended, modified or supplemented from time to time. 
 “Regulation S” means Regulation S promulgated under the Securities Act, as it may be amended from time to time, and any
successor provision thereto. 
 “Regulation S Global Note” means a Global Note issued in accordance with
Regulation S. 
 “Regulation S Restricted Global Note” means a Regulation S Global Note until the expiration
of the Regulation S Restricted Period; such Regulation S Global Note constitutes a Restricted Global Note. 
 “Regulation S Restricted Period” means the 40-day period beginning on the later of (i) the day that the Initial Purchasers advise the Company and the Trustee in 

  

 15 

 
writing is the first day on which the Notes were offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S and
(ii) April 4, 2006. 
 “Regulation S Unrestricted Global Note” means a Regulation S Global Note
following the expiration of the Regulation S Restricted Period; such Regulation S Global Note constitutes an Unrestricted Global Note. 
 “Restricted Certificated Note” means a Certificated Note that includes the information called for in footnotes 6 and 7 (and not in footnotes 2, 5 and 8) to the form of 6  3/4% Note, attached to this Nineteenth Supplemental Indenture as Exhibit A, issued under the Indenture.

 “Restricted Global Note” means a Global Note that includes the information called for in footnotes
2, 5, 6, 7 and 8 to the form of Note, attached to this Nineteenth Supplemental Indenture as Exhibit A, issued under the Indenture; provided, that in no case shall an Exchange Note issued in accordance with the Indenture and the terms of the
Registration Rights Agreement be a Restricted Global Note; provided, further, that any Regulation S Global Note shall, following the completion of the Regulation S Restricted Period, automatically become an Unrestricted Global Note for the
purposes of this Nineteenth Supplemental Indenture, regardless of the information appearing on such Global Note. 
 “Restricted Payment” means, with respect to any Person (but without duplication): 
 (1) the
declaration or payment of any dividend or other distribution in respect of Capital Stock of such Person or the Parent or any Restricted Subsidiary of such Person; 
 (2) any payment on account of the purchase, redemption or other acquisition or retirement for value of Capital Stock of such Person or the
Parent or any Restricted Subsidiary of such Person; 
 (3) other than with the proceeds from the substantially concurrent sale
of, or in exchange for, Refinancing Indebtedness, any purchase, redemption, or other acquisition or retirement for value of, any payment in respect of any amendment of the terms of or any defeasance of, any Subordinated Indebtedness, directly or
indirectly, by such Person or the Parent or a Restricted Subsidiary of such Person prior to the scheduled maturity, any scheduled repayment of principal, or scheduled sinking fund payment, as the case may be, of such Indebtedness; 
 (4) any Restricted Investment by such Person; and 
 (5) the payment to any Affiliate (other than the Company or its Restricted Subsidiaries) in respect of taxes owed by any consolidated
group of which both such 

  

 16 

 
Person or a Subsidiary of such Person and such Affiliate are members; 
 provided, however, that the term “Restricted Payment” does not include: 
 (a) any dividend, distribution or other payment on or with respect to Capital Stock of the Company to the extent payable solely in shares
of Qualified Capital Stock; 
 (b) any dividend, distribution or other payment to the Company, or to any of the Subsidiary
Guarantors, by the Company or any of its Restricted Subsidiaries; 
 (c) Permitted Tax Payments; 
 (d) the declaration or payment of dividends or other distributions by any Restricted Subsidiary of the Company, provided such
distributions are made to the Company (or a Subsidiary of the Company, as applicable) on a pro rata basis (and in like form) with all dividends and distributions so made; 
 (e) the retirement of Units upon conversion of such Units to Capital Stock of HMC; 
 (f) any transactions comprising part of the REIT Conversion; 
 (g) any payments with respect to Disqualified Stock or Indebtedness at the stated time and amounts pursuant to the original terms of the
instruments governing such obligations; 
 (h) Permitted REIT Payments; 
 (i) payments in accordance with the existing terms of the QUIPS; and 
 (j) the declaration or payment of dividends or other distributions by any Restricted Subsidiary of the Company that qualifies as a REIT
not exceeding $10 million in any calendar year. 
 and provided, further, that any payments of bona fide
obligations of the Company or any Restricted Subsidiary shall not be deemed to be Restricted Payments solely by virtue of the fact of another Person’s co-obligation with respect thereto. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act, as it may be amended from time to time, and any
successor provision thereto. 
 “Rule 144A Global Note” means a Global Note issued in accordance with Rule
144A. 
 “Rule 144A Restricted Global Note” means a Restricted Global Note issued in accordance with Rule
144A. 
  

 17 

 “Series Issue Date” means with respect to any series of Indebtedness
issued under the Indenture, the date any notes of such series are first issued. 
 “Shelf Registration Statement”
shall have the meaning set forth in the Registration Rights Agreement. 
 “SLC” means HMC Senior
Communities, Inc., a Delaware corporation, and its successor Crestline Capital Corporation, a Maryland corporation, and its successors and assigns. 
 “Starwood Transactions” shall have the meaning set forth in the Offering Memorandum. 
 “Transfer Restricted Notes” means Series P Notes that include the information called for by footnotes 6 and 7 to the form of 6  3/4% Note, attached to this Nineteenth Supplemental Indenture as Exhibit A, issued under the Indenture. 
 “Treasury Yield” means the yield to maturity at the time of computation of United States Treasury securities with a
constant maturity (as compiled by and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the date fixed for redemption (or, if such Statistical
Release is no longer published, any publicly available source of similar data)) most nearly equal to the then remaining average life of the 6  3/4% Notes, provided that if the average life of the 6  3/4% Notes is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury yield shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a
year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the average life of the 6  3/4% Notes is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

“Unrestricted Certificated Notes” means one or more Certificated Notes that do not include and are not required to
include the information called for by footnotes 6 and 7 to the form 6  3/4% Note, attached to this
Nineteenth Supplemental Indenture as Exhibit A, issued under the Indenture. 
 “Unrestricted Global Note”
means a permanent Global Note in the form of Exhibit A attached to this Nineteenth Supplemental Indenture that includes the information referred to in footnotes 2, 5 and 8 thereof, and that is deposited with or on behalf of and registered in the
name of the Depository. 
  

 18 

 ARTICLE 5 
 Section 5.01 Limitation on Incurrences of Indebtedness and Issuance of Disqualified Stock. For purposes of 6  3/4% Notes, Section 4.7 of the Indenture is hereby replaced and superseded by the following covenant and the following covenant shall apply to the 6  3/4% Notes: 
 (a) Except as set forth below, neither the Company, the Subsidiary Guarantors nor any of its or their respective Restricted Subsidiaries
will, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or issue any Disqualified Stock. Notwithstanding the foregoing sentence, if, on the date of any such Incurrence or issuance, after giving effect to, on a pro
forma basis, such Incurrence or issuance and the receipt and application of the proceeds therefrom: 
 (i) the aggregate
amount of all outstanding Indebtedness (other than the QUIPs Debt) and the Disqualified Stock of the Company and the Subsidiary Guarantors and its or their respective Restricted Subsidiaries (including amounts of Refinancing Indebtedness outstanding
pursuant to paragraph (d)(iii) hereof or otherwise), determined on a consolidated basis (it being understood that the amounts of Indebtedness and Disqualified Stock of Restricted Subsidiaries shall be consolidated with that of the Company only to
the extent of the Company’s proportionate interest in such Restricted Subsidiaries), without duplication, is less than or equal to 65% of the Adjusted Total Assets of the Company; and 
 (ii) the Consolidated Coverage Ratio of the Company would be greater than or equal to 2.0 to 1.0, the Company and its Restricted
Subsidiaries may Incur such Indebtedness or issue such Disqualified Stock. 
 (b) In addition to the foregoing limitations set
forth in (a) above, except as set forth below, the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries will not Incur any Secured Indebtedness or Subsidiary Indebtedness. Notwithstanding the foregoing
sentence, if, immediately after giving effect to the Incurrence of such additional Secured Indebtedness and/or Subsidiary Indebtedness and the application of the proceeds thereof, the aggregate amount of all outstanding Secured Indebtedness and
Subsidiary Indebtedness of the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries (including amounts of Refinancing Indebtedness outstanding pursuant to paragraph (d)(iii) hereof or otherwise), determined on a
consolidated basis (it being understood that the amounts of Secured Indebtedness and Subsidiary Indebtedness of Restricted Subsidiaries shall be consolidated with that of the Company only to the extent of the Company’s proportionate interest in
such Restricted Subsidiaries), without duplication, is less than or equal to 45% of Adjusted Total Assets of the Company, the Company and its Restricted Subsidiaries may Incur such Secured Indebtedness and/or Subsidiary Indebtedness. 
  

 19 

 (c) In addition to the limitations set forth in (a) and (b) above, the Company,
the Subsidiary Guarantors and its and their Restricted Subsidiaries will maintain at all times Total Unencumbered Assets of not less than 125% of the aggregate outstanding amount of the Unsecured Indebtedness (other than the QUIPs Debt) (including
amounts of Refinancing Indebtedness outstanding pursuant to paragraph (d)(iii) hereof or otherwise) determined on a consolidated basis (it being understood that the Unsecured Indebtedness of the Restricted Subsidiaries shall be consolidated with
that of the Company only to the extent of the Company’s proportionate interest in such Restricted Subsidiaries). 
 (d)
Notwithstanding paragraphs (a) or (b), the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries (except as specified below) may Incur or issue each and all of the following: 
 (i) Indebtedness outstanding (including Indebtedness issued to replace, refinance or refund such Indebtedness) under the Credit Facility
at any time in an aggregate principal amount, together with all Indebtedness Incurred pursuant to clause (xii) and (xiii) of this paragraph (d), not to exceed $1.5 billion, less any amount repaid subsequent to the Series Issue Date as
provided under Section 5.04 of the Nineteenth Supplemental Indenture (including that, in the case of a revolver or similar arrangement, such commitment is permanently reduced by such amount); 
 (ii) Indebtedness or Disqualified Stock owed: 
 (A) to the Company; or 
 (B) to any Subsidiary Guarantor; provided that any event which results in any Restricted Subsidiary holding such Indebtedness or Disqualified Stock ceasing to be a Restricted Subsidiary or any subsequent transfer of
such Indebtedness or Disqualified Stock (other than to the Company or a Subsidiary Guarantor) shall be deemed, in each case, to constitute an Incurrence of such Indebtedness or issuance of Disqualified Stock not permitted by this clause (ii);

 (iii) Refinancing Indebtedness with respect to outstanding Indebtedness (other than Indebtedness Incurred under clause (i),
(ii), (iv), (vi), (viii), (xii) or (xiii) of this paragraph) and any refinancings thereof; 
 (iv) Indebtedness:

 (A) in respect of performance, surety or appeal bonds Incurred in the ordinary course of business; 
  

 20 

 (B) under Currency Agreements and Interest Swap and Hedging Obligations; provided that
such agreements: 
 (a) are designed solely to protect the Company, the Subsidiary Guarantors or any of its or their
respective Restricted Subsidiaries against fluctuations in foreign currency exchange rates or interest rates; and 
 (b) do
not increase the Indebtedness of the obligor outstanding, at any time other than as a result of fluctuations in foreign currency exchange rates or interest rates or by reason of fees, indemnities and compensation payable thereunder; or 

(C) arising from agreements providing for indemnification, adjustment of purchase price or similar obligations, or from Guarantees or
letters of credit, surety bonds or performance bonds securing any obligations of the Company, the Subsidiary Guarantors or any of their Restricted Subsidiaries pursuant to such agreements, in any case Incurred in connection with the disposition of
any business, assets or Restricted Subsidiary (other than Guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiary for the purpose of financing such acquisition), in an amount
not to exceed the gross proceeds actually received by the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries on a consolidated basis in connection with such disposition; 
 (v) Indebtedness of the Company, to the extent the net proceeds thereof are promptly: 
 (A) used to purchase all of the notes tendered in a Change of Control Offer made as a result of a Change of Control; or 
 (B) deposited to defease the notes as described under Sections 8.3 and 8.4 of the Indenture; 
 (vi) Guarantees of the notes and Guarantees of Indebtedness of the Company or any of the Subsidiary Guarantors by any of its or their
respective Restricted Subsidiaries; provided the guarantee of such Indebtedness is permitted by and made in accordance with the terms of the Indenture at the time of the incurrence of such underlying Indebtedness or at the time such guarantor
becomes a Restricted Subsidiary; 
  

 21 

 (vii) Indebtedness evidenced by the Securities and the Guarantees thereof and represented
by the indenture up to the amounts issued pursuant thereto as of the Issue Date; 
 (viii) the QUIPs Debt; 
 (ix) Limited Partner Notes; and 
 (x) Indebtedness Incurred pursuant to the Blackstone Acquisition and any Indebtedness of Host, its Subsidiaries, a Public Partnership or a Private Partnership incurred in connection with the REIT Conversion;

 (xi) Acquired Indebtedness assumed in connection with an Asset Acquisition if, on the date of any such Incurrence, the
Consolidated Coverage Ratio of the Person or asset or assets so acquired would be greater than or equal to 2.0 to 1.0; provided however, that an acquisition within the meaning of clause (ii) of the definition of “Asset
Acquisition,” will be deemed to be an acquisition of a Person for purposes of determining such Consolidated Coverage Ratio; 
 (xii) Secured Indebtedness in an aggregate principal amount (or accreted value, if applicable) at any time outstanding, not to exceed $400.0 million, provided, however, that (A) the Incurrence of such Secured Indebtedness is
otherwise permitted pursuant to paragraph (b) above and (B) the proceeds of such Secured Indebtedness are used substantially concurrently to repay and permanently reduce Indebtedness outstanding under the Credit Facility (including that,
in the case of a revolver or similar arrangement, such commitment is permanently reduced by such amount); provided further, however, that Indebtedness Incurred in reliance on this clause (xii), together with all Indebtedness Incurred pursuant
to clause (i) and (xiii) of this subsection (d) does not at any time exceed an aggregate principal amount (or accreted value, if applicable), of $1.5 billion, less any amount repaid subsequent to the Series Issue Date as provided
under Section 5.04 of this Nineteenth Supplemental Indenture (including that, in the case of a revolver or similar arrangement, such commitment is permanently reduced by such amount); 
 (xiii) Indebtedness Incurred by Foreign Subsidiaries in an aggregate principal amount (or accreted value, as applicable) at any time
outstanding, not to exceed $300 million; and 
 (xiv) additional Indebtedness in an aggregate principal amount (or accreted
value, if applicable) at any time outstanding, not to exceed $150.0 million, provided, however, that Indebtedness Incurred in reliance on this clause (xiii), together with all Indebtedness Incurred pursuant to clause (i) and
(xii) of this subsection (d) does not at any time exceed an aggregate principal amount (or 

  

 22 

 
accreted value, if applicable), of $1.5 billion, less any amount repaid subsequent to the Series Issue Date as provided under Section 5.04 of this
Nineteenth Supplemental Indenture (including that, in the case of a revolver or similar arrangement, such commitment is permanently reduced by such amount). 
 (e) For purposes of determining any particular amount of Indebtedness under this Section 5.01 of this Nineteenth Supplemental
Indenture: 
 (i) Indebtedness Incurred under the Credit Facility on or prior to the Issue Date shall be treated as Incurred
pursuant to clause (i) of subsection (d) of this Section 5.01 of this Nineteenth Supplemental Indenture; and 
 (ii) Guarantees, Liens or obligations with respect to letters of credit supporting Indebtedness otherwise included in the determination of such particular amount shall not be included as additional Indebtedness. 
 (f) For purposes of determining compliance with this covenant: 
 (i) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of more than one of the types of Indebtedness
described in the above clauses, the Company, in its sole discretion, shall classify such item of Indebtedness (or any portion thereof) at the time of incurrence and will only be required to include the amount and type of such Indebtedness in one of
the above clauses; 
 (ii) the Company will be entitled at the time of Incurrence to divide and classify an item of
Indebtedness in more than one of the types of Indebtedness described above, and with respect to any Indebtedness Incurred pursuant to any specific clause under subsection (d) of this Section 5.01 of this Nineteenth Supplemental Indenture,
the Company may, after such Indebtedness is Incurred reclassify all or a portion of such Indebtedness under a different clause of subsection (d) of this Section 5.01; and 
 (iii) Indebtedness under clauses (xiii) and (xiv) of subsection (d) of this Section 5.01 of this Nineteenth
Supplemental Indenture shall be reclassified automatically as having been incurred pursuant to subsection (a) of this Section 5.01 if at any date after such Indebtedness is Incurred, such Indebtedness could have been Incurred under
subsection (a) of this Section 5.01, but only to the extent such Indebtedness could have been so Incurred. 
 Indebtedness or
Disqualified Stock of any Person that is not a Restricted Subsidiary of the Company, which Indebtedness or Disqualified Stock is outstanding at the time such Person becomes a Restricted Subsidiary (including by designation) of the Company or is
merged with or into or consolidated with the Company or one of its Restricted Subsidiaries, shall be deemed to have been Incurred or issued at the time such 

  

 23 

 
Person becomes a Restricted Subsidiary of the Company or is merged with or into or consolidated with the Company , or one of its Restricted Subsidiaries, and
Indebtedness or Disqualified Stock which is assumed at the time of the acquisition of any asset shall be deemed to have been Incurred or issued at the time of such acquisition. 
 Notwithstanding any other provision of this covenant, the maximum amount of Indebtedness the Company and the Subsidiary Guarantors may Incur pursuant to
this covenant shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. 
 Section 5.02
Limitation on Liens. For purposes of 6  3/4% Notes, Section 4.8 of the Indenture is
hereby replaced and superseded by the following covenant and the following covenant shall apply to the 6  3/4% Notes: 
 Neither the Company, the Subsidiary Guarantors, nor any Restricted Subsidiary shall secure any
Indebtedness under the Credit Facility or the Existing Senior Notes by a Lien or suffer to exist any Lien on their respective properties or assets securing Indebtedness under the Credit Facility or the Existing Senior Notes unless effective
provision is made to secure the notes equally and ratably with the Lien securing such Indebtedness for so long as Indebtedness under the Credit Facility or Existing Senior Notes is secured by such Lien. 
 Section 5.03 Limitation on Restricted Payments. For purposes of 6  3/4% Notes, Section 4.15 of the Indenture is hereby replaced and superseded by the following covenant and the following covenant shall apply to the 6  3/4% Notes: 
 The Company and the Subsidiary Guarantors will not, and the Company and the Subsidiary Guarantors will not permit any of its or their respective Restricted Subsidiaries to, directly or indirectly, make a Restricted
Payment if, at the time of, and after giving effect to, the proposed Restricted Payment: 
 (A) a Default or Event of Default
shall have occurred and be continuing; 
 (B) the Company could not Incur at least $1.00 of Indebtedness under paragraph
(a) of Section 5.01 of this Nineteenth Supplemental Indenture; or 
 (C) the aggregate amount of all Restricted
Payments (the amount, if other than in cash, the fair market value of any property used therefor) made on and after the Issue Date shall exceed the sum of, without duplication: 
 (1) 95% of the aggregate amount of the Funds From Operations (or, if the Funds From Operations is a loss, minus 100% of the amount of such
loss) accrued on a cumulative basis during the period (taken as one accounting period) beginning on the first day of the fiscal 

  

 24 

 
quarter in which the Issue Date occurs and ending on the last day of the last fiscal quarter preceding the Transaction Date; 
 (2) 100% of the aggregate Net Cash Proceeds received by the Company after the Issue Date from the issuance and sale permitted by the
Indenture of its Capital Stock (other than Disqualified Stock) to a Person who is not a Subsidiary of the Company including from an issuance to a Person who is not a Subsidiary of the Company of any options, warrants or other rights to acquire the
Capital Stock of the Company (in each case, exclusive of any Disqualified Stock or any options, warrants or other rights that are redeemable at the option of the holder, or are required to be redeemed, prior to the Stated Maturity of the Securities
or Equity Offerings to the extent used to redeem notes in compliance with the provisions set forth in Section 1.03 of this Nineteenth Supplemental Indenture), and the amount of any Indebtedness (other than Indebtedness subordinate in right of
payment to the notes) of the Company that was issued and sold for cash upon the conversion of such Indebtedness after the Issue Date into Capital Stock (other than Disqualified Stock) of the Company, or otherwise received as Capital Contributions,
exclusive of Capital Contributions to the extent used to redeem notes in compliance with the provisions set forth under Section 1.03 of this Nineteenth Supplemental Indenture; 
 (3) an amount equal to the net reduction in Investments (other than Permitted Investments) in any Person other than a Restricted
Subsidiary after the Issue Date resulting from payments of interest on Indebtedness, dividends, repayments of loans or advances, or other transfers of assets, in each case to the Company or any of its Restricted Subsidiaries or from the Net Cash
Proceeds from the sale of any such Investment (except, in each case, to the extent any such payment or proceeds are included in the calculation of Funds From Operations) or from designations of Unrestricted Subsidiaries or Non-Consolidated Entities
as Restricted Subsidiaries (valued in each case as provided in the definition of “Investments”); 
 (4) the
fair market value of noncash tangible assets or Capital Stock (other than that of the Company or its Parent) representing interests in Persons acquired after the Issue Date in exchange for an issuance of Qualified Capital Stock; and 
 (5) the fair market value of noncash tangible assets or Capital Stock (other than that of the Company or its Parent) representing
interests in Persons contributed as a Capital Contribution to the Company after the Issue Date. 
  

 25 

 Notwithstanding the foregoing, (i) for purposes of determining whether the Company, the Subsidiary Guarantors and
its and their respective Restricted Subsidiaries may make a Restricted Payment representing the declaration or payment of any dividend or other distribution in respect of Capital Stock of such Person or the Parent or any Restricted Subsidiary of
such Person constituting Preferred Stock, the Consolidated Coverage Ratio of the Company contemplated by clause (ii) of Section 5.01(a), shall be greater than or equal to 1.7 to 1 and (ii) the Company may make Permitted REIT
Distributions. 
 Section 5.04 Limitation on Asset Sale. For purposes of 6  3/4% Notes, Section 4.12 of the Indenture is hereby replaced and superseded by the following covenant and the following covenant shall apply to the
6  3/4% Notes: 
 The Company and the Subsidiary Guarantors will not, and the Company and the Subsidiary Guarantors will not permit any of its or their respective Restricted Subsidiaries to, consummate any Asset Sale, unless:

 (i) the consideration received by the Company, the Subsidiary Guarantor or such Restricted Subsidiary is at least equal to
the fair market value of the assets sold or disposed of as determined by the Board of the Company, in good faith; and 
 (ii)
at least 75% of the consideration received consists of cash, Cash Equivalents and/or real estate assets; provided that, with respect to the sale of one or more real estate properties, up to 75% of the consideration may consist of indebtedness
of the purchaser of such real estate properties so long as such Indebtedness is secured by a first priority Lien on the real estate property or properties sold; and provided that, for purposes of this clause (ii) the amount of:

 (A) any Indebtedness (other than Indebtedness subordinated in right of payment to the notes or a Subsidiary Guarantee) that
is required to be repaid or assumed (and is either repaid or assumed by the transferee of the related assets) by virtue of such Asset Sale and which is secured by a Lien on the property or assets sold; and 
 (B) any securities or other obligations received by the Company, any Subsidiary Guarantor or any such Restricted Subsidiary from such
transferee that are immediately converted by the Company, the Subsidiary Guarantor or such Restricted Subsidiary into cash (or as to which the Company, any Subsidiary Guarantor or such Restricted Subsidiary has received at or prior to the
consummation of the Asset Sale a commitment (which may be subject to customary conditions) from a nationally recognized investment, merchant or commercial bank to convert into cash within 90 days of the consummation of such Asset Sale and which are
thereafter actually converted into cash within such 90-day period) will be deemed to be cash. 
  

 26 

 In the event that the aggregate Net Cash Proceeds received by the Company, any Subsidiary Guarantors or
such Restricted Subsidiaries from one or more Asset Sales occurring on or after the Closing Date in any period of 12 consecutive months (such 12 consecutive month period, an “Asset Sale Period”) exceed 1% of Total Assets (determined
as of the date closest to the commencement of such Asset Sale Period for which a consolidated balance sheet of the Company and its Restricted Subsidiaries has been filed with the Securities and Exchange Commission or provided to the trustee pursuant
to Section 4.2 of the Indenture), then during the period commencing 180 days prior to the commencement of such Asset Sale Period and running through the date that is 12 months after the date Net Cash Proceeds so received exceeded 1% of Total
Assets, an amount equal to the Net Cash Proceeds received during such Asset Sale Period must have been or must be: 
 (A)
invested in or committed to be invested in, pursuant to a binding commitment subject only to reasonable, customary closing conditions, and providing an amount equal to the Net Cash Proceeds are, in fact, so invested, within an additional 180 days,
(x) fixed assets and property (other than notes, bonds, obligations and securities) which in the good faith reasonable judgment of the Board of the Company will immediately constitute or be part of a Related Business of the Company, Subsidiary
Guarantor or such Restricted Subsidiary (if it continues to be a Restricted Subsidiary) immediately following such transaction, (y) Permitted Mortgage Investments, or (z) a controlling interest in the Capital Stock of an entity engaged in
a Related Business; provided that concurrently with an Investment specified in clause (z), such entity becomes a Restricted Subsidiary; or 
 (B) used to repay and permanently reduce Indebtedness outstanding under the Credit Facility (including that, in the case of a revolver or similar arrangement, such commitment is permanently reduced by such amount).

 Pending the application of any such Net Cash Proceeds as described above, the Company may invest such Net Cash Proceeds in any manner that is not
prohibited by the Indenture. Any Net Cash Proceeds from Asset Sales that are not or were not applied or invested as provided in the first sentence of this paragraph (including any Net Cash Proceeds which were committed to be invested as provided in
such sentence but which are not in fact invested within the time period provided) will be deemed to constitute “Excess Proceeds.” 
 Within 30 days following each date on which the aggregate amount of Excess Proceeds exceeds $25 million, the Company will make an offer to purchase from the holders of the notes and holders of any of other Indebtedness of the Company
ranking 

  

 27 

 
pari passu with the Securities from time to time outstanding with similar provisions requiring the Company to make an offer to purchase or redeem such
Indebtedness with the proceeds from such Asset Sale, on a pro rata basis, an aggregate principal amount (or accreted value, as applicable) of Securities and such other Indebtedness equal to the Excess Proceeds on such date, at a purchase price in
cash equal to 100% of the principal amount (or accreted value, as applicable) of the Securities and such other Indebtedness, plus, in each case, accrued interest (if any) to the Payment Date. To the extent that the aggregate amount of Securities and
other senior Indebtedness tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes. If the aggregate principal amount (or accreted value, as
applicable) of Securities and such other Indebtedness tendered pursuant to an Asset Sale Offer exceeds the amount of Excess Proceeds, the Securities to be purchased and such other Indebtedness shall be selected on a pro rata basis. Upon
completion of such Offer to Purchase, the amount of Excess Proceeds shall be reset at zero. 
 Notwithstanding, and without complying with,
any of the foregoing provisions: 
 (i) the Company, the Subsidiary Guarantors and its and their respective Restricted
Subsidiaries may, in the ordinary course of business, convey, sell, lease, transfer, assign or otherwise dispose of inventory acquired and held for resale in the ordinary course of business; 
 (ii) the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries may convey, sell, lease, transfer, assign
or otherwise dispose of assets pursuant to and in accordance with Article 5 and Section 4.13 of the Indenture; 
 (iii)
the Company, the Subsidiary Guarantors and its and their respective Restricted Subsidiaries may sell or dispose of damaged, worn out or other obsolete property in the ordinary course of business so long as such property is no longer necessary for
the proper conduct of the business of the Company, the Subsidiary Guarantor or such Restricted Subsidiary, as applicable; and 
 (iv) the Company, the Subsidiary Guarantors its and their respective Restricted Subsidiaries may exchange assets held by the Company, the Subsidiary Guarantor or a Restricted Subsidiary for one or more real estate properties and/or one or
more Related Businesses of any Person or entity owning one or more real estate properties and/or one or more Related Businesses; provided that the Board of the Company has determined in good faith that the fair market value of the assets
received by the Company are approximately equal to the fair market value of the assets exchanged by the Company. 
 No transaction listed in
clauses (i) through (iv) inclusive shall be deemed to be an “Asset Sale.” 
  

 28 

 Section 5.05 Covenants upon Attainment and Maintenance of an Investment Grade Rating. The
covenants “—Limitation on Incurrences of Indebtedness and Issuance of Disqualified Stock,” “—Limitation on Liens,” “—Limitation on Restricted Payments,” “—Limitation on Dividend and other
Payment Restrictions Affecting Subsidiary Guarantors,” “—Limitation on Transactions with Affiliates” and “—Limitation on Asset Sales,” will not be applicable in the event, and only for so long as, the 6  3/4% Notes are rated Investment Grade. 
 Notwithstanding the foregoing, in the event that one or both of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to the
6  3/4% Notes below the required Investment Grade, the foregoing covenants will be reinstated as of and from
the date of such withdrawal or ratings downgrade. Calculations under the reinstated “Limitation on Restricted Payments” covenant will be made as if the “Limitations on Restricted Payments” covenant had been in effect since the
Issue Date except that no Default or Event of Default will be deemed to have occurred solely by reason of a Restricted Payment made while that covenant was suspended. There can be no assurance that the 6  3/4% Notes will ever achieve an Investment Grade rating or that any such rating will be maintained.

 Section 5.06 Events of Default. For purposes of 6  3/4% Notes, Section 6.1(d) of the Indenture is hereby replaced and superseded by the following clause solely with respect to the 6  3/4% Notes: 
 “(d) a default in (a) Secured Indebtedness of the Company or the Secured Indebtedness of any of our Restricted Subsidiaries with an aggregate principal amount in excess of 5% of Total Assets, or
(b) other Indebtedness of the Company or other Indebtedness of any of its Restricted Subsidiaries with an aggregate principal amount in excess of $100 million, in either case, (A) resulting from the failure to pay principal or interest
when due (after giving effect to any applicable extensions or grace or cure periods) or (B) as a result of which the maturity of such Indebtedness has been accelerated prior to its final Stated Maturity;” 
 ARTICLE 6 
 Section 6.01 For purposes of the
6  3/4% Notes, Section 2.7 of the Indenture is hereby supplemented with, and where inconsistent
replaced by, the following provisions: 
 (a) Transfer and Exchange of Global Notes. A Global Note may not be
transferred as a whole except by the Depository to a nominee of the Depository, by a nominee of the Depository to the Depository or to another nominee of the Depository, or by the Depository or any such nominee to a successor Depository or a nominee
of such successor Depository. All Global Notes will be exchanged by the Company for Certificated Notes if (i) the Company delivers to the Trustee notice from the Depository (A) that it is unwilling or unable to continue to act as
Depository and a successor 

  

 29 

 
Depository is not appointed by the Company within 90 days after the date of such notice from the Depository or (B) that it is no longer a clearing
agency registered under the Exchange Act and a successor Depository is not appointed by the Company within 90 days after the date of such notice from the Depository, (ii) the Company, at its option, notifies the Trustee in writing that it
elects to cause the issuance of Certificated Notes or (iii) upon request of the Trustee or Holders of a majority of the principal amount of outstanding 6  3/4% Notes if there shall have occurred and be continuing a Default or Event of Default with respect to the 6  3/4% Notes. Upon the occurrence of any of the preceding events in (i), (ii) or (iii) above, upon surrender by the Depositary of the Global Note,
Certificated Notes shall be issued in such names as the Depository shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8 and 2.11 of the Indenture. A Global Note may not be
exchanged for another 6  3/4% Note other than as provided in this Section 6.01(a) of this Nineteenth
Supplemental Indenture; however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 6.01(b), (c) or (f) of this Nineteenth Supplemental Indenture. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial interests in the
Global Notes shall be effected through the Depository, in accordance with the provisions of the Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on transfer comparable to
those set forth herein. Transfers of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as
applicable: 
 (i) Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Restricted
Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend. Beneficial interests
in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to
effect the transfers described in this Section 6.01(b)(i) of this Nineteenth Supplemental Indenture. 
 (ii) All Other
Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 6.01(b)(i) of this Nineteenth Supplemental Indenture, the transferor of
such beneficial interest must deliver to the Registrar either (A) (1) an order from a Participant or an Indirect Participant given to the Depository in accordance with the Applicable Procedures directing the Depository to credit or cause
to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged 

  

 30 

 
and (2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with
such increase or (B) (1) an order from a Participant or an Indirect Participant given to the Depository in accordance with the Applicable Procedures directing the Depository to cause to be issued a Certificated Note in an amount equal to
the beneficial interest to be transferred or exchanged and (2) instructions given by the Depository to the Registrar containing information regarding the Person in whose name such Certificated Note shall be registered to effect the transfer or
exchange referred to in (B) above. Upon consummation of an Exchange Offer by the Company in accordance with Section 6.01(f) of this Nineteenth Supplemental Indenture, the requirements of this Section 6.01(b)(ii) of this Nineteenth
Supplemental Indenture shall be deemed to have been satisfied upon receipt by the Registrar of the instructions contained in the Letter of Transmittal delivered by the Holder of such beneficial interests in the Restricted Global Notes. Upon
satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in the Indenture and the 6  3/4% Notes, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 6.01(h) of this Nineteenth Supplemental Indenture. 
 (iii) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global Note may
be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 6.01(b)(ii) of this Nineteenth Supplemental Indenture and the
Registrar receives a certificate in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (1) or item (1A) thereof, as applicable. 
 (iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted Global Note. A
beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an
Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 6.01(b)(ii) of this Nineteenth Supplemental Indenture and: 
 (A) (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and
Section 6.01(f) of this Nineteenth Supplemental Indenture, and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal
that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or (3) a 

  

 31 

 
Person who is an affiliate (as defined in Rule 144) of the Company or the Subsidiary Guarantors; 
 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement;

 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with
the Registration Rights Agreement; 
 (D) such transfer occurs on or after April 4, 2008 and the Registrar receives the
following: (1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C
to this Nineteenth Supplemental Indenture, including the certifications in item (1)(a) thereof; or (2) if the holder of such beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who
shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item
(3) thereof; and, in each such case set forth in this subparagraph (D), an Opinion of Counsel in form reasonably acceptable to the Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act
and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act; 
 (E) if the holder of a beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who
shall take delivery thereof in the form of a beneficial interest in a Regulation S Unrestricted Global Note, such transfer occurs after the completion of the Regulation S Restricted Period and the Registrar receives a certificate from such holder in
the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (3)(a1) thereof. 
 If any such transfer is effected pursuant to subparagraph (A), (B) or (D) above at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of a Company Order in accordance with
Section 2.3 of the Indenture, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (A),
(B) or (D) above. 
  

 32 

 (v) Transfer of Beneficial Interests in a Regulation S Unrestricted Global Note for
Beneficial Interests in a Restricted Global Note. Until April 4, 2008, a beneficial interest in any Regulation S Unrestricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in a
Restricted Global Note if the transfer complies with the requirements of Section 6.01(b)(ii) of this Nineteenth Supplemental Indenture and the Registrar receives a certificate in the form of Exhibit B to this Nineteenth Supplemental Indenture,
including the certifications in item (1) or item (1)(A) thereof, as applicable. Except for transfers described in the immediately preceding sentence, beneficial interests in an Unrestricted Global Note cannot be exchanged for, or
transferred to, Persons who take delivery thereof in the form of a beneficial interest in a Restricted Global Note. 
 (c)
Transfer or Exchange of Beneficial Interests for Certificated Notes. 
 (i) Beneficial Interests in Restricted
Global Notes to Restricted Certificated Notes. If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Certificated Note or to transfer such beneficial interest to a
Person who takes delivery thereof in the form of a Restricted Certificated Note, then, if the exchange or transfer complies with the requirements of Section 6.01(a) of this Nineteenth Supplemental Indenture, upon receipt by the Registrar of the
following documentation: 
 (A) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange
such beneficial interest for a Restricted Certificated Note, a certificate from such holder in the form of Exhibit C to this Nineteenth Supplemental Indenture, including the certifications in item (2)(a) thereof; 
 (B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A under the Securities Act, a certificate to the
effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (1) thereof; 
 (C) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B
to this Nineteenth Supplemental Indenture, including the certifications in item (2)(a) thereof; 
 (D) if such
beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in 

  

 33 

 
subparagraphs (B) and (C) above, a certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the
certifications, certificates and Opinion of Counsel required by item (2)(d) thereof, if applicable; 
 (E) if such
beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (2)(b) thereof; 

(F) if such beneficial interest is being transferred pursuant to an effective registration statement under the Securities Act, a
certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (2)(c) thereof; or 
 (G) if such beneficial interest is being transferred pursuant to Regulation S under the Securities Act, a certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the
certifications in item (1A) thereof, 
 the Trustee shall cause the aggregate principal amount of the applicable Restricted Global Note to be reduced
accordingly pursuant to Section 6.01(h) of this Nineteenth Supplemental Indenture, and the Company shall execute and, upon receipt of a Company Order pursuant to Section 2.3 of the Indenture, the Trustee shall authenticate and deliver to
the Person designated in the instructions a Restricted Certificated Note in the appropriate principal amount. Any Restricted Certificated Note issued in exchange for a beneficial interest in a Restricted Global Note pursuant to this
Section 6.01(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depository and the Participant
or Indirect Participant. The Trustee shall deliver such Restricted Certificated Notes to the Persons in whose names such Series P Notes are so registered. Any Restricted Certificated Note issued in exchange for a beneficial interest in a Restricted
Global Note pursuant to this Section 6.01(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
 (ii) Beneficial Interests in Restricted Global Notes to Unrestricted Certificated Notes. A holder of a beneficial interest in a
Restricted Global Note may exchange such beneficial interest for an Unrestricted Certificated Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Certificated Note only if the exchange
or transfer complies with the requirements of Section 6.01(a) of this Nineteenth Supplemental Indenture and: 
 (A) such
exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and Section 6.01(f) of this Nineteenth Supplemental Indenture, and the holder of such beneficial interest, in the case of an
exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a Broker-Dealer, (2) a Person participating in the distribution of the Exchange Notes or (3) a Person who is
an affiliate (as defined in Rule 144) of the Company or the Subsidiary Guarantors; 
  

 34 

 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance
with the Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer
Registration Statement in accordance with the Registration Rights Agreement; 
 (D) such transfer occurs on or after
April 4, 2008 and the Registrar receives the following: (1) if the holder of such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Certificated Note that does not bear the Private
Placement Legend, a certificate from such holder in the form of Exhibit C to this Nineteenth Supplemental Indenture, including the certifications in item (1)(b) thereof; or (2) if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a Certificated Note that does not bear the Private Placement Legend, a certificate from such holder in the form of Exhibit B to this
Nineteenth Supplemental Indenture, including the certifications in item (3) thereof; and, in each such case set forth in this subparagraph (D), an Opinion of Counsel in form reasonably acceptable to the Registrar and the Company to the effect
that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act; or

 (E) if the holder of a beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a
Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Certificated Note pursuant to Regulation S, such transfer occurs after the completion of the Regulation S Restricted Period and the Registrar receives a
certificate from such holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (3)(a1) thereof. 
  

 35 

 (iii) Beneficial Interests in Unrestricted Global Notes to Unrestricted Certificated
Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for an Unrestricted Certificated Note or to transfer such beneficial interest to a Person who takes delivery thereof in
the form of an Unrestricted Certificated Note, then, if the exchange or transfer complies with the requirements of Section 6.01(a) of this Nineteenth Supplemental Indenture and upon satisfaction of the conditions set forth in
Section 6.01(b)(ii) of this Nineteenth Supplemental Indenture, the Trustee shall cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly pursuant to Section 6.01(h) of this Nineteenth
Supplemental Indenture, and the Company shall execute and, upon receipt of a Company Order pursuant to Section 2.3 of the Indenture, the Trustee shall authenticate and deliver to the Person designated in the instructions an Unrestricted
Certificated Note in the appropriate principal amount. Any Unrestricted Certificated Note issued in exchange for a beneficial interest pursuant to this Section 6.01(c)(iii) of this Nineteenth Supplemental Indenture shall be registered in such
name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depository and the Participant or Indirect Participant. The Trustee shall deliver
such Unrestricted Certificated Notes to the Persons in whose names such 6  3/4% Notes are so registered. Any
Unrestricted Certificated Note issued in exchange for a beneficial interest pursuant to this Section 6.01(c)(iii) of this Nineteenth Supplemental Indenture shall not bear the Private Placement Legend. 
 (d) Transfer and Exchange of Certificated Notes for Beneficial Interests. 
 (i) Restricted Certificated Notes or Unrestricted Certificated Notes to Beneficial Interests in Restricted Global Notes. If any
Holder of a Restricted Certificated Note or Unrestricted Certificated Note proposes to exchange such Series P Note for a beneficial interest in a Restricted Global Note other than a Regulation S Restricted Global Note or to transfer such Restricted
Certificated Notes or Unrestricted Certificated Notes to a Person who takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 
 (A) if the Holder of such Restricted Certificated Note or Unrestricted Certificated Note proposes to exchange such Series P Note for a
beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C to this Nineteenth Supplemental Indenture, including the certifications in item (2)(b) thereof; 
  

 36 

 (B) if such Restricted Certificated Note or Unrestricted Certificated Note is being
transferred to a QIB in accordance with Rule 144A under the Securities Act, a certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (1) thereof; or 
 (C) if such Restricted Certificated Note or Unrestricted Certificated Note is being transferred to a person outside the United States in
accordance with Regulation S under the Securities Act, a certificate to the effect set forth in Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (A) thereof, 
 the Trustee shall cancel the Restricted Certificated Note or Unrestricted Certificated Note, and increase or cause to be increased the aggregate principal amount of the
appropriate Restricted Global Note. 
 (ii) Restricted Certificated Notes to Beneficial Interests in Unrestricted Global
Notes. A Holder of a Restricted Certificated Note may exchange such 6  3/4% Note for a beneficial
interest in an Unrestricted Global Note or transfer such Restricted Certificated Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and
Section 6.01(f) of this Nineteenth Supplemental Indenture, and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a Broker-Dealer,
(2) a Person participating in the distribution of the Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Company or the Subsidiary Guarantors; 
 (B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement;

 (C) such transfer is effected by a Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with
the Registration Rights Agreement; 
 (D) such transfer occurs on or after April 4, 2008 and the Registrar receives the
following: (1) if the Holder of such Restricted Certificated Notes proposes to exchange such 6  3/4%
Notes for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C to this Nineteenth Supplemental Indenture, including the certifications in item (1)(c) thereof; or (2) if the Holder
of 

  

 37 

 
such Restricted Certificated Notes proposes to transfer such Series P Notes to a Person who shall take delivery thereof in the form of a beneficial interest
in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (3) thereof; and, in each such case set forth in this subparagraph (D), an
Opinion of Counsel in form reasonably acceptable to the Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private
Placement Legend are no longer required in order to maintain compliance with the Securities Act; or 
 (E) if the holder of a
beneficial interest in a Restricted Certificated Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in a Regulation S Unrestricted Global Note, such transfer occurs
after the completion of the Regulation S Restricted Period and the Registrar receives a certificate from such holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (3)(a1) thereof.

 Upon satisfaction of the conditions of any of the subparagraphs in this Section 6.01(d)(ii) of this Nineteenth Supplemental Indenture, the Trustee
shall cancel the Restricted Certificated Notes so transferred or exchanged and increase or cause to be increased the aggregate principal amount of the appropriate Unrestricted Global Note. 
 (iii) Unrestricted Certificated Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of an Unrestricted
Certificated Note may exchange such 6  3/4% Note for a beneficial interest in an Unrestricted Global Note or
transfer such Certificated Notes to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or registration of transfer, the Trustee shall
cancel the applicable Unrestricted Certificated Note and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Notes. If any such exchange or registration of transfer from a Certificated Note to a
beneficial interest is effected pursuant to subparagraphs (ii)(B), (ii)(D) or (iii) of this Section 6.01(d) at a time when an Unrestricted Global Note has not yet been issued, the Company shall issue and, upon receipt of a Company Order in
accordance with Section 2.3 of the Indenture, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Certificated Notes so transferred. 
 (e) Transfer and Exchange of Certificated Notes for Certificated Notes. Upon request by a Holder of Certificated Notes and such
Holder’s compliance 

  

 38 

 
with the provisions of this Section 6.01(e) of this Nineteenth Supplemental Indenture, the Registrar shall register the transfer or exchange of
Certificated Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender to the Registrar the Certificated Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory
to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the
following provisions of this Section 6.01(e) of this Nineteenth Supplemental Indenture. 
 (i) Restricted Certificated
Notes to Restricted Certificated Notes. Any Restricted Certificated Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Certificated Note if the Registrar receives the following:

 (A) if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor must deliver a
certificate in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (1) thereof; 
 (B) if the transfer will be made pursuant to Regulation S under the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the
certifications in item (1A) thereof; and 
 (C) if the transfer will be made pursuant to any other exemption from the
registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications, certificates and Opinion of Counsel required by item
(2) thereof, if applicable. 
 (ii) Restricted Certificated Notes to Unrestricted Certificated Notes. Any
Restricted Certificated Note may be exchanged by the Holder thereof for an Unrestricted Certificated Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Certificated Note if: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and
Section 6.01(f) of this Nineteenth Supplemental Indenture, and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a Broker-Dealer,
(2) a Person participating in the distribution of the Exchange Notes or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 
  

 39 

 (B) any such transfer is effected pursuant to the Shelf Registration Statement in
accordance with the Registration Rights Agreement; 
 (C) any such transfer is effected by a Broker-Dealer pursuant to the
Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; 
 (D) such transfer occurs on or
after April 4, 2008 and the Registrar receives the following: (1) if the Holder of such Restricted Certificated Notes proposes to exchange such 6  3/4% Notes for an Unrestricted Certificated Note, a certificate from such Holder in the form of Exhibit C to this Nineteenth Supplemental Indenture, including the certifications in
item (1)(d) thereof; or (2) if the Holder of such Restricted Certificated Notes proposes to transfer such 6  3/4% Notes to a Person who shall take delivery thereof in the form of an Unrestricted Certificated Note, a certificate from such Holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in
item (3) thereof; and, in each such case set forth in this subparagraph (D), an Opinion of Counsel in form reasonably acceptable to the Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities
Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act; or 
 (E) if the holder of a beneficial interest in a Restricted Certificated Note proposes to transfer such beneficial interest to a Person
who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Certificated Note pursuant to Regulation S, such transfer occurs after the completion of the Regulation S Restricted Period and the Registrar receives a
certificate from such holder in the form of Exhibit B to this Nineteenth Supplemental Indenture, including the certifications in item (3)(a1) thereof. 
 (iii) Unrestricted Certificated Notes to Unrestricted Certificated Notes. A Holder of Unrestricted Certificated Notes may transfer such 6  3/4% Notes to a Person who takes delivery thereof in the form of an Unrestricted Certificated Note. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Certificated Notes pursuant to the instructions from the Holder thereof. 
 (f) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance with the Registration Rights Agreement, the Company shall issue and, upon receipt of a Company Order in accordance with Section 2.3 of the Indenture and
an Opinion of Counsel for the Company as to certain matters discussed in this Section 

  

 40 

 
6.01(f), the Trustee shall authenticate (i) one or more Unrestricted Global Notes in an aggregate principal amount equal to the sum of (A) the
principal amount of the beneficial interests in the Restricted Global Notes and Regulation S Global Notes tendered for acceptance by Persons who certify in the applicable Letters of Transmittal that (x) they are not Broker-Dealers,
(y) they are not participating in a distribution of the Exchange Notes and (z) they are not affiliates (as defined in Rule 144) of the Company, and accepted for exchange in the Exchange Offer and (B) the principal amount of
Certificated Notes exchanged or transferred for beneficial interests in Unrestricted Global Notes in connection with the Exchange Offer pursuant to Section 6.01(d)(ii) and (ii) Certificated Notes in an aggregate principal amount equal to
the principal amount of the Restricted Certificated Notes accepted for exchange in the Exchange Offer (other than Certificated Notes described in clause (i)(B) immediately above). Concurrently with the issuance of such Exchange Notes, the Trustee
shall cause the aggregate principal amount of the applicable Restricted Global Notes and Regulation S Global Notes to be reduced accordingly, and the Company shall execute and, upon receipt of a Company Order pursuant to Section 2.3 of the
Indenture, the Trustee shall authenticate and deliver to the Persons designated by the Holders of Certificated Notes so accepted Certificated Notes in the appropriate principal amount. 
 The Opinion of Counsel for the Company referenced above shall state that: 
 (1) the Exchange Notes have been duly authorized and, when executed and authenticated in accordance with the provisions of the Indenture
delivered in exchange for Series P Notes in accordance with the Indenture and the Exchange Offer, will be entitled to the benefits of the Indenture and will be valid and binding obligations of the Company, enforceable in accordance with their terms
except as (x) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, (y) rights of acceleration and the availability of equitable remedies may be limited by equitable
principles of general applicability and (z) other customary limitations and exceptions for opinions of such type; and (2) when the Exchange Notes are executed and authenticated in accordance with the provisions of the Indenture and
delivered in exchange for Series P Notes in accordance with the Indenture and the Exchange Offer, the Guarantee of the Exchange Notes by the Subsidiary Guarantors will be entitled to the benefits of the Indenture and will be valid and binding
obligations of the Subsidiary Guarantors, enforceable in accordance with their terms except as (x) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally, (y) rights
of acceleration and the availability of equitable remedies may be limited by equitable principles of general applicability and (z) other customary limitations and exceptions for opinions of this type. 
  

 41 

 (g) Legends. The following legends shall appear on the face of all Global Notes
and Certificated Notes issued under the Indenture unless specifically stated otherwise in the applicable provisions of the Indenture. 
 (i) Private Placement Legend. 
 (A) Except as permitted by subparagraph
(B) below, each Global Note and each Certificated Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THIS NOTE (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND,
ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
 (1) REPRESENTS THAT (A) IT IS NOT AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE OPERATING PARTNERSHIP OR THE
GUARANTORS, (B) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A “QIB”) AND (C) IT IS PURCHASING THIS NOTE FOR ITS OWN ACCOUNT OR AN ACCOUNT OVER WHICH IT EXERCISES SOLE
INVESTMENT DISCRETION. 
 (2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT (A) TO THE OPERATING
PARTNERSHIP OR ANY GUARANTOR WHOLLY OWNED BY THE OPERATING PARTNERSHIP OR ANY OF THEIR RESPECTIVE WHOLLY OWNED SUBSIDIARIES, (B) TO A PERSON WHO IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION MEETING THE
REQUIREMENTS OF RULE 144A, (C) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (D) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501 (A)(1), (2), (3) OR (7) OF REGULATION
D UNDER THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH
TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE OPERATING PARTNERSHIP THAT SUCH TRANSFER IS EXEMPT UNDER THE 

  

 42 

 
SECURITIES ACT, (E) OUTSIDE THE UNITED STATES IN A TRANSACTION COMPLYING WITH THE PROVISIONS OF RULE 904 OF THE SECURITIES ACT, (F) IN ACCORDANCE
WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE OPERATING PARTNERSHIP), OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN
ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION; AND 
 (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED A NOTICE AS TO THE ABOVE RESTRICTIONS. 
 (B) Notwithstanding the foregoing, any Global Note or Certificated Note issued pursuant to subparagraphs (b)(iv), (c)(ii), (c)(iii), (d)(ii), (d)(iii), (e)(ii), (e)(iii) or (f) to this Section 6.01 (and all
6  3/4% Notes issued in exchange therefor or substitution thereof) shall not bear the Private Placement
Legend. 
 (ii) Global Note Legend. To the extent required by the Depository, each Global Note shall bear a
legend in substantially the following form: 
 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS
GLOBAL NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO
SECTION 6.01 OF THE NINETEENTH SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 6.01(a) OF THE NINETEENTH SUPPLEMENTAL INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR
CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.” 
  

 43 

 (iii) Regulation S Restricted Global Note Legend. To the extent required by the
Depositary, each Regulation S Restricted Global Note shall bear the a legend in substantially the following form: 
 (iv)
“THE RIGHTS ATTACHING TO THIS REGULATION S RESTRICTED GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE NOTES, ARE AS SPECIFIED IN NINETEENTH SUPPLEMENTAL INDENTURE. NEITHER THE HOLDER NOR THE BENEFICIAL
OWNERS OF THIS REGULATION S RESTRICTED GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE CASH PAYMENTS OF INTEREST DURING THE PERIOD WHICH SUCH HOLDER HOLDS THIS NOTE. NOTHING IN THIS LEGEND SHALL BE DEEMED TO PREVENT INTEREST FROM ACCRUING ON THIS
NOTE.” 
 (h) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a
particular Global Note have been exchanged for Certificated Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note shall be returned to or retained and cancelled by the Trustee
in accordance with Section 2.12 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Note or for Certificated Notes, the principal amount of 6  3/4% Notes represented
by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged
for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or
by the Depository at the direction of the Trustee to reflect such increase. 
 (i) General Provisions Relating to
Transfers and Exchanges. 
 (i) To permit registrations of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Global Notes and Certificated Notes upon receipt of a Company Order. 
 (ii) No service charge
shall be made to a holder of a beneficial interest in a Global Note or to a Holder of a Certificated Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar
governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.6, 4.12 and 10.1 of the Indenture). 
  

 44 

 (iii) The Registrar shall not be required to register the transfer of or exchange any
6  3/4% Note selected for redemption in whole or in part, except the unredeemed portion of any 6  3/4% Note being redeemed in part. 
 (iv) All Global Notes and Certificated Notes issued upon any registration of transfer or exchange of Global Notes or Certificated Notes
shall be the valid obligations of the Company, evidencing the same Indebtedness, and entitled to the same benefits under the Indenture, as the Global Notes or Certificated Notes surrendered upon such registration of transfer or exchange. 

(v) Prior to due presentment for the registration of a transfer of any 6  3/4% Note, the Trustee, any Agent and the Company may deem and treat the Person in whose name any 6  3/4% Note is registered as the absolute owner of such 6  3/4% Note for the purpose of receiving payment of principal of and interest on such 6  3/4% Notes and for all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (vi) The Trustee shall authenticate Global Notes and Certificated Notes in accordance with the provisions of Section 2.3 of the
Indenture. 
 (vii) All certifications, certificates and Opinions of Counsel required to be submitted to the Registrar
pursuant to this Section 6.01 to effect a registration of transfer or exchange may be submitted by facsimile. 
 Notwithstanding
anything herein to the contrary, as to any certifications and certificates delivered to the Registrar pursuant to this Section 6.01 of this Nineteenth Supplemental Indenture, the Registrar’s duties shall be limited to confirming that any
such certifications and certificates delivered to it are substantially in the form of Exhibits A, B, C and D attached to this Nineteenth Supplemental Indenture. The Registrar shall not be responsible for confirming the truth or accuracy of
representations made in any such certifications or certificates. 
 ARTICLE 7 
 Section 7.01 Except as specifically modified herein, the Indenture is in all respects ratified and confirmed and shall remain in full force and effect in
accordance with its terms. 
 Section 7.02 Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are
assumed or shall be construed to be assumed by the Trustee by reason of this Nineteenth Supplemental Indenture. This Nineteenth Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the
Indenture with the same force and effect as if those terms 

  

 45 

 
and conditions were repeated at length herein and made applicable to the Trustee with respect to this Nineteenth Supplemental Indenture. 
 Section 7.03 The Trustee shall not be responsible in any manner whatsoever for or in respect of the recitals contained herein, all of which recitals are
made solely by the Company and the Subsidiary Guarantors. 
 Section 7.04 THIS NINETEENTH SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). EACH OF THE COMPANY AND THE
SUBSIDIARY GUARANTORS HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT
OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE AND THE SECURITIES, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. EACH OF THE
COMPANY AND THE SUBSIDIARY GUARANTORS IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE TRUSTEE OR ANY SECURITYHOLDER TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE COMPANY AND THE SUBSIDIARY GUARANTORS IN ANY OTHER JURISDICTION. 
 Section 7.05 The parties may sign any number of copies of this Nineteenth Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.

 Section 7.06 All capitalized terms used in this Nineteenth Supplemental Indenture which are not otherwise defined herein, shall have the
respective meanings specified in the Indenture, unless the context otherwise requires. 
 Section 7.07 The 6  3/4% Notes may be issued in whole or in part in the form of one or more Global Securities, registered in the name of
Cede & Co., as nominee of The Depository Trust Company (“DTC”). 
  

 46 

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

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

		
	 BY:
	 	 HOST MARRIOTT CORPORATION,
 its general partner

		
	By:	 	 /s/ Larry K. Harvey

		 	 Name:
	 	 Larry K. Harvey

		 	 Title:
	 	 Senior Vice President and Corporate
 Controller

 SUBSIDIARY GUARANTORS 
  

			
		  	 AIRPORT HOTELS LLC,

		  	 HOST OF BOSTON, LTD.,

		  	 BY: AIRPORT HOTELS LLC,

		  	 HOST OF HOUSTON, LTD.,

		  	 BY: AIRPORT HOTELS LLC

		  	 HOST OF HOUSTON 1979,

		  	 BY: AIRPORT HOTELS LLC

		  	 BY: HOST OF HOUSTON, LTD.

		  	 BY: AIRPORT HOTELS LLC

		  	 HMC RETIREMENT PROPERTIES, L.P.,

		  	 BY: DURBIN LLC

		  	 HMH MARINA LLC,

		  	 FARRELL’S ICE CREAM PARLOUR RESTAURANTS LLC,

		  	 HMC ATLANTA LLC,

		  	 HMC BCR HOLDINGS LLC,

		  	 HMC BURLINGAME LLC,

		  	 HMC CAPITAL LLC,

		  	 HMC CAPITAL RESOURCES LLC,

		  	 HMC PARK RIDGE LLC,

		  	 HOST PARK RIDGE LLC,

		  	 HMC SUITES LLC,

		  	 HMC SUITES LIMITED PARTNERSHIP,

		  	 BY: HMC SUITES LLC,

  

 47 

			
		  	 PRM LLC,

		  	 WELLSFORD-PARK RIDGE HMC HOTEL LIMITED PARTNERSHIP,

		  	 BY: HOST PARK RIDGE LLC,

		  	 YBG ASSOCIATES LLC,

		  	 HMC CHICAGO LLC,

		  	 HMC DESERT LLC,

		  	 HMC PALM DESERT LLC,

		  	 HMC DIVERSIFIED LLC,

		  	 HMC EAST SIDE LLC,

		  	 EAST SIDE HOTEL ASSOCIATES, L.P.

		  	 BY: HMC EAST SIDE LLC

		  	 HMC EAST SIDE II LLC,

		  	 HMC GATEWAY LLC,

		  	 HMC GRAND LLC,

		  	 HMC HANOVER LLC,

		  	 HMC HARTFORD LLC,

		  	 HMC HOTEL DEVELOPMENT LLC,

		  	 HMC HPP LLC,

		  	 HMC IHP HOLDINGS LLC,

		  	 HMC MANHATTAN BEACH LLC,

		  	 HMC MARKET STREET LLC,

		  	 NEW MARKET STREET LP,

		  	 BY: HMC MARKET STREET LLC

		  	 HMC GEORGIA LLC,

		  	 HMC MEXPARK LLC,

		  	 HMC POLANCO LLC,

		  	 HMC NGL LLC,

		  	 HMC OLS I L.P.,

		  	 BY: HMC OLS I LLC

		  	 HMC OP BN LLC,

		  	 HMC PACIFIC GATEWAY LLC,

		  	 HMC PLP LLC,

		  	 CHESAPEAKE HOTEL LIMITED PARTNERSHIP,

		  	 BY: HMC PLP LLC

		  	 HMC POTOMAC LLC,

		  	 HMC PROPERTIES I LLC,

		  	 HMC PROPERTIES II LLC,

		  	 HMC SBM TWO LLC,

		  	 HMC SEATTLE LLC,

		  	 HMC SFO LLC,

		  	 HMC SWISS HOLDINGS LLC,

		  	 HMH GENERAL PARTNER HOLDINGS LLC,

		  	 HMH NORFOLK LLC,

  

 48 

			
		  	 HMH NORFOLK, L.P.,

		  	 BY: HMH NORFOLK LLC

		  	 HMH PENTAGON LLC,

		  	 HMH RESTAURANTS LLC,

		  	 HMH RIVERS LLC,

		  	 HMH RIVERS, L.P.,

		  	 BY: HMH RIVERS LLC

		  	 HMH WTC LLC,

		  	 HOST LA JOLLA LLC,

		  	 CITY CENTER HOTEL LIMITED PARTNERSHIP,

		  	 BY: HOST LA JOLLA LLC

		  	 TIMES SQUARE LLC,

		  	 IVY STREET LLC,

		  	 MARKET STREET HOST LLC,

		  	 PHILADELPHIA AIRPORT HOTEL LLC,

		  	 PM FINANCIAL LLC,

		  	 PM FINANCIAL LP,

		  	 BY: PM FINANCIAL LLC

		  	 HMC PROPERTY LEASING LLC,

		  	 HMC HOST RESTAURANTS LLC,

		  	 SANTA CLARA HMC LLC,

		  	 S.D. HOTELS LLC,

		  	 TIMES SQUARE GP LLC,

		  	 DURBIN LLC,

		  	 HMC HT LLC,

		  	 HMC JWDC LLC,

		  	 HMC OLS I LLC,

		  	 HMC OLS II L.P.,

		  	 BY: HMC OLS I LLC

		  	 HMC/INTERSTATE MANHATTAN BEACH, L.P.,

		  	 BY: HMC MANHATTAN BEACH LLC

		  	 AMELIATEL,

		  	 BY: HMC AMELIA I LLC,

		  	 BY: HMC AMELIA II LLC,

		  	 HMC AMELIA I LLC,

		  	 HMC AMELIA II LLC,

		  	 ROCKLEDGE HOTEL LLC,

		  	 FERNWOOD HOTEL LLC,

		  	 HMC COPLEY LLC,

		  	 HMC HEADHOUSE FUNDING LLC,

		  	 IVY STREET HOPEWELL LLC,

		  	 HMC DIVERSIFIED AMERICAN HOTELS, L.P.,

		  	 BY: HMC DIVERSIFIED LLC,

		  	 POTOMAC HOTEL LIMITED PARTNERSHIP,

  

 49 

			
		  	 BY: HMC POTOMAC LLC

		  	 HMC AP GP LLC,

		  	 HMC AP LP,

		  	 BY: HMC AP GP LLC

		  	 HMC AP CANADA COMPANY,

		  	 HMC TORONTO AIRPORT GP LLC,

		  	 HMC TORONTO AIRPORT LP,

		  	 BY: HMC TORONTO AIRPORT GP LLC

		  	 HMC TORONTO EC GP LLC,

		  	 HMC TORONTO EC LP,

		  	 BY: HMC TORONTO EC GP LLC

		  	 HMC CHARLOTTE GP LLC,

		  	 HMC CHARLOTTE LP,

		  	 BY: HMC CHARLOTTE GP LLC

		  	 HMC CHARLOTTE (CALGARY) COMPANY,

		  	 CALGARY CHARLOTTE PARTNERSHIP,

		  	 BY: HMC CHARLOTTE (CALGARY) COMPANY

		  	 BY: HMC GRACE (CALGARY) COMPANY

		  	 CALGARY CHARLOTTE HOLDINGS COMPANY,

		  	 HMC GRACE (CALGARY) COMPANY,

		  	 HMC MAUI LLC,

		  	 HMC KEA LANI LLC,

		  	 HMC CHICAGO LAKEFRONT LLC,

		  	 HMC LENOX LLC,

		  	 HMC O’HARE SUITES GROUND LLC,

		  	 HMC MCDOWELL MOUNTAINS LLC,

		  	 HMC TORONTO AIR COMPANY,

		  	 HMC TORONTO EC COMPANY.

  

					
		
	 By:
	 	 /s/ Larry K. Harvey

		 	 Name:
	 	 Larry K. Harvey

		 	 Title:
	 	 Vice President of the Subsidiary Guarantors
 (or where applicable, of the general partner
 of the Subsidiary Guarantors)

  

 50 

					
	TRUSTEE
	
	 THE BANK OF NEW YORK,
 as Trustee

		
	 By:
	 	 /s/ Cheryl Clarke

		 	 Name:
	 	 Cheryl Clarke

		 	 Title:
	 	 Vice President

  

 51 

 EXHIBIT A 
 FORM OF 6  3/4% [SERIES P][/SERIES Q] 1 SENIOR NOTE 
 Unless and
until it is exchanged in whole or in part for 6  3/4% Notes in definitive form, this Security may not be
transferred except as a whole by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee
of such successor Depository. Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is
requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.2 
 HOST MARRIOTT, L.P. 
 6  3/4% [SERIES P][/SERIES Q] 3 SENIOR NOTE DUE 2016

 CUSIP: 44108E AZ 1 
 ISIN: US44108EAZ16

  

			
	No.	  	$

 Host Marriott, L.P., a Delaware limited partnership (hereinafter called the
“Company,” which term includes any successors under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                    , or registered assigns, the principal sum of
$                    , on June 1, 2016. The Security is one of the 6  3/4% [Series P][/Series Q] Senior Notes due 2016 referred to in such Indenture (hereinafter referred to for purposes of this 6  3/4% Senior Note collectively as the “6  3/4% Securities”). 

	1	Series P should be replaced with Series Q in the Exchange Notes. 

  

	2	To be used only if the Security is issued as a Global Note. 

  

	3	Series P should be replaced with Series Q in the Exchange Notes. 

  

 A-1 

			
	Interest Payment Dates:	  	June 1 and December 1
		
	Record Dates:	  	May 15 and November 15

 Reference is made to the further provisions of this Security on the reverse side, which will, for all purposes,
have the same effect as if set forth at this place. 
 IN WITNESS WHEREOF, the Company has caused this Instrument to be duly executed.

 Dated: 
  

					
	HOST MARRIOTT, L.P.,
	a Delaware limited partnership
		
	By:	 	  
		 	Name:	 	
		 	Title:	 	

  

					
		
	 Attest:
	 	  
		 	 Name:
	 	
		 	 Title:
	 	

  

 A-2 

 FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the 6  3/4% Securities of the Series designated therein referred to in the within mentioned Indenture. 
  

			
	THE BANK OF NEW YORK,
	as Trustee
		
	By:	 	  
		 	 Authorized Signatory

 HOST MARRIOTT, L.P. 
 6  3/4% [Series P][/Series Q] 4 Senior Note due 2016 
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS GLOBAL NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES
EXCEPT THAT (I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 6.01 OF THE NINETEENTH SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 6.01(a) OF THE
NINETEENTH SUPPLEMENTAL INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN
CONSENT OF THE COMPANY. 5 

	4	Series P should be replaced with Series Q in the Exchange Notes. 

  

	5	To be included only on Global Notes deposited with DTC as Depository.

  

 A-3 

 THIS NOTE (OR ITS PREDECESSOR) HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED, EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE HOLDER: 
 (1) REPRESENTS THAT (A) IT IS NOT AN AFFILIATE (AS DEFINED IN RULE 144 UNDER THE SECURITIES ACT) OF THE OPERATING PARTNERSHIP OR THE GUARANTORS,
(B) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) (A “QIB”) AND (C) IT IS PURCHASING THIS NOTE FOR ITS OWN ACCOUNT OR AN ACCOUNT OVER WHICH IT EXERCISES SOLE INVESTMENT
DISCRETION. 
 (2) AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT (A) TO THE OPERATING PARTNERSHIP OR ANY
GUARANTOR WHOLLY OWNED BY THE OPERATING PARTNERSHIP OR ANY OF THEIR RESPECTIVE WHOLLY OWNED SUBSIDIARIES, (B) TO A PERSON WHO IS A QIB PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE
144A, (C) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, (D) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501 (A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE
SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS
IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE OPERATING PARTNERSHIP THAT SUCH TRANSFER IS EXEMPT UNDER THE SECURITIES ACT, (E) OUTSIDE THE UNITED STATES IN A TRANSACTION
COMPLYING WITH THE PROVISIONS OF RULE 904 OF THE SECURITIES ACT, (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE OPERATING PARTNERSHIP),
OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION; AND 
  

 A-4 

 (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS NOTE OR AN INTEREST HEREIN IS TRANSFERRED
A NOTICE AS TO THE ABOVE RESTRICTIONS. 6 
  

	1.	Interest. 

 Host Marriott, L.P., a
Delaware limited partnership (hereinafter called the “Company,” which term includes any successors under the Indenture hereinafter referred to), promises to pay interest on the principal amount of this Security at the rate of 6  3/4% per annum from April 4, 2006 until maturity. To the extent it is lawful, the Company promises to pay
interest on any interest payment due but unpaid on such principal amount at a rate of 6  3/4% per annum
compounded semi-annually. 
 The Company will pay interest semi-annually on June 1 and December 1 of each year
(each, an “Interest Payment Date”), commencing December 1, 2006. Interest on the 6  3/4%
Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid on the Securities, from the date of the original issuance. Interest will be computed on the basis of a 360-day year consisting of
twelve 30-day months. 
  

	2.	Method of Payment. 

 The Company shall pay
interest on the 6  3/4% Securities (except defaulted interest) to the Persons who are the registered Holders
at the close of business on the Record Date immediately preceding the Interest Payment Date. Holders must surrender Securities to a Paying Agent to collect principal payments. Principal of, premium, if any, and interest on the 6  3/4% Securities will be payable in United States Dollars at the office or agency of the Company maintained for such
purpose, in the Borough of Manhattan, The City of New York or at the option of the Company, payment of interest may be made by check mailed to the Holders of the 6  3/4% Securities at the addresses set forth upon the registry books of the Company; provided, however, Holders of Global Securities will be entitled to receive interest payments (other than at maturity) by wire transfer of immediately available funds, if appropriate wire transfer
instructions have been received in writing by the Trustee not fewer than 15 days prior to the applicable Interest Payment Date. Such wire instructions, upon receipt by the Trustee, shall remain in effect until revoked by such Holder. No service
charge will be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

	6	To be included only on Transfer Restricted Notes. 

  

 A-5 

	3.	Paying Agent and Registrar. 

 Initially,
The Bank of New York will act as Paying Agent and Registrar. The Company may change any Paying Agent, Registrar or co-Registrar without notice to the Holders. The Company or any of its Subsidiaries may, subject to certain exceptions, act as Paying
Agent, Registrar or co-Registrar. 
  

	4.	Indenture. 

 The Company issued the
6  3/4% Securities and the Subsidiary Guarantors issued their Guarantees under an Amended and Restated
Indenture, dated as of August 5, 1998, as supplemented (the “Indenture”), between the Company, its Parents, the Subsidiary Guarantors and the Trustee. Capitalized terms herein are used as defined in the Indenture unless otherwise
defined herein. The 6  3/4% Securities are unlimited in aggregate principal amount. The terms of the
6  3/4% Securities include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as in effect on the date of the Indenture. The 6  3/4% Securities are
subject to all such terms, and Holders of 6  3/4% Securities are referred to the Indenture and said Act for
a statement of them. The Securities are senior, general obligations of the Company, secured initially by a pledge of Capital Stock of certain Subsidiaries of the Company, which pledge is shared equally and ratably with the Credit Facility, the
Existing Senior Notes and certain future Indebtedness of the Company ranking pari passu with the
Securities. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by the provisions of the Indenture, (b) authorizes and directs the Trustee on his behalf to take such action as may be provided in the
Indenture and (c) appoints the Trustee his attorney-in-fact for such purpose. 
  

	5.	Redemption. 

 The Company may redeem the
6  3/4% Securities in whole but not in part at any time at a Redemption Price equal to 100% of the principal
amount thereof plus the Make-Whole Premium, together with accrued and unpaid interest thereon, if any, to the applicable Redemption Date. Notice of a redemption of the 6  3/4% Securities made pursuant to this paragraph 5 shall be given in the manner set forth in Section 3.3 of the Indenture; provided, however, that any such notice
need not set forth the Redemption Price but need only set forth the calculation thereof as described in the immediately preceding sentence of this paragraph 5. The Redemption Price, calculated as aforesaid, shall be set forth in an Officer’s
Certificate delivered by the Company to the Trustee no later than one Business Day prior to the Redemption Date. 
 At
any time on or after June 1, 2011, the Company may redeem the 6  3/4% Securities for cash at its
option, in whole or in part, at the following Redemption Prices (expressed as percentages of the principal amount) if redeemed 

  

 A-6 

 
during the 12-month period commencing June 1 of the years indicated below, in each case, together with accrued and unpaid interest, if any, thereon
to the applicable Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is on or prior to the applicable Redemption Date): 
  

			
	 Year
	  	Percentage
	 2011
	  	103.375%
	 2012
	  	102.250%
	 2013
	  	101.125%
	 2014 and thereafter
	  	100.00%

 Prior to June 1, 2009, the Company may redeem from time to time up to 35% of the aggregate
principal amount of the 6  3/4% Securities outstanding at a Redemption Price equal to 106.75% of the
principal amount thereof, together with accrued and unpaid interest thereon, if any to the applicable Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on an Interest Payment Date that is
on or prior to the applicable Redemption Date) with the Net Cash Proceeds of one or more Equity Offerings; provided, that at least 65% of the aggregate principal amount of the 6  3/4% Securities originally
issued on the Series Issue Date remain outstanding after such redemption; and provided, further, that such redemption shall occur within 90 days after the date on which any such Equity
Offering is consummated. 
 (d) If the initial closing of the Starwood Transactions does not occur on or before
May 31, 2006 on substantially the terms described in the Offering Memorandum, or if, in the Company’s judgment, the initial closing of the Starwood Transactions will not occur on or before May 31, 2006 on substantially the terms
described in the Offering Memorandum, the Company shall be permitted to redeem up to $400 million in aggregate principal amount of the 6  3/4% Notes then outstanding, in whole or in part and at our option, upon not less than 10 days notice (such notice will be provided on or before May 31, 2006), at a redemption price equal to 100% of
the aggregate principal amount of the 6  3/4% Notes to be redeemed plus accrued and unpaid interest to the
applicable redemption date. Upon the initial closing of the Starwood Transactions, the foregoing provisions regarding this special optional redemption will cease to apply. 
 The 6  3/4% Securities will not have the benefit of a sinking fund. 
  

	6.	Denominations; Transfer; Exchange. 

 The
6  3/4% Securities are in registered form, without coupons, in denominations of $1,000 and integral
multiples of $1,000. A Holder may register the transfer of, or exchange 6  3/4% Securities in accordance
with, the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate 

  

 A-7 

 
endorsements and transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the
transfer of or exchange any 6  3/4% Securities (a) selected for redemption except the unredeemed
portion of any 6  3/4% Security being redeemed in part or (b) for a period beginning 15 Business Days
before the mailing of a notice of an offer to repurchase or redemption and ending at the close of business on the day of such mailing. 
  

	7.	Persons Deemed Owners. 

 The registered
Holder of a 6  3/4% Security may be treated as the owner of it for all purposes. 
  

	8.	Unclaimed Money. 

 If money for the
payment of principal or interest remains unclaimed for two years, the Trustee and the Paying Agent(s) will pay the money back to the Company at its written request. After that, all liability of the Trustee and such Paying Agent(s) with respect to
such money shall cease. 
  

	9.	Discharge Prior to Redemption or Maturity. 

 Except as set forth in the Indenture, if the Company irrevocably deposits with the Trustee, in trust, for the benefit of the Holders, U.S. legal tender, U.S. Government Obligations or a combination thereof, in such amounts as will be
sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay the principal of, premium, if any, and interest on such 6  3/4% Securities on the stated date for payment thereof or on the redemption date of such principal or installment of principal of, premium, if any, or interest on such 6  3/4% Securities, the Company will be discharged from certain provisions of the Indenture and the 6  3/4% Securities (including the restrictive covenants described in paragraph 11 below, but excluding its obligation to
pay the principal of, premium, if any, and interest on the 6  3/4% Securities). Upon satisfaction of certain
additional conditions set forth in the Indenture, the Company may elect to have its obligations and the obligations of the Subsidiary Guarantors discharged with respect to outstanding 6  3/4% Securities. 
  

	10.	Amendment; Supplement; Waiver. 

 The
Company, the Subsidiary Guarantors and the Trustee may enter into a supplemental indenture for certain limited purposes without the consent of the Holders. Subject to certain exceptions, the Indenture or the 6  3/4% Securities may be amended or supplemented with the written consent of the Holders of not less than a majority in
aggregate principal amount of the 6  3/4% Securities then outstanding (except that any amendments or
supplements to the provisions relating to security interests or with respect to the Guarantees of the Subsidiary Guarantors 

  

 A-8 

 
shall require the consent of the holders of not less than 66 2/3% of the aggregate principal amount of the Securities then outstanding), and any existing Default or Event of Default or compliance with any provision may be waived with the consent of the Holders of a
majority in aggregate principal amount of the 6  3/4% Securities then outstanding. Without notice to or
consent of any Holder, the parties thereto may under certain circumstances amend or supplement the Indenture or the 6  3/4% Securities to, among other things, cure any ambiguity, defect or inconsistency, or make any other change that does not adversely affect the rights of any Holder of a 6  3/4% Security. 
  

	11.	Restrictive Covenants. 

 The Indenture
imposes certain limitations on the ability of the Company, the Subsidiary Guarantors and any of their respective Restricted Subsidiaries to, among other things, incur additional Indebtedness and issue Disqualified Stock, pay dividends or make
certain other Restricted Payments, enter into certain transactions with Affiliates, incur Liens, sell assets and subsidiary stock, merge or consolidate with any other Person or transfer (by lease, assignment or otherwise) substantially all of the
properties and assets of the Company. The limitations are subject to a number of important qualifications and exceptions and certain restrictive covenants will cease to be applicable under certain circumstances. The Company must periodically report
to the Trustee on compliance with such limitations. 
  

	12.	Repurchase at Option of Holder. 

 (a) If
there is a Change of Control Triggering Event, the Company shall be required to offer irrevocably to purchase on the Change of Control Purchase Date all outstanding 6  3/4% Securities at a purchase price equal to 101% of the principal amount thereof, plus (subject to the right of Holders of record on a Record Date that is on or prior to such
Change of Control Purchase Date to receive interest due on the Interest Payment Date to which such Record Date relates) accrued and unpaid interest, if any, to the Change of Control Purchase Date. Holders of 6  3/4% Securities will receive a Change of Control Offer from the Company prior to any related Change of Control
Purchase Date and may elect to have such 6  3/4% Securities purchased by completing the form entitled
“Option of Holder to Elect Purchase” appearing below. 
 (b) The Indenture imposes certain limitations
on the ability of the Company, the Subsidiary Guarantors or any of their respective Restricted Subsidiaries to sell assets and subsidiary stock. In the event the Net Cash Proceeds from a permitted Asset Sale exceed certain amounts, as specified in
the Indenture, the Company will be required either to reinvest the proceeds of such Asset Sale in a Related Business or other permitted investments, repay certain Indebtedness or to make an offer to purchase each Holder’s 6  3/4% Securities at 100% of the principal 

  

 A-9 

 
amount thereof, plus accrued interest, if any, to the purchase date. The limitations and the Company’s obligations with respect to the use of
proceeds from an Asset Sale are subject to a number of important qualifications and exceptions and will cease to be applicable under certain circumstances. 
  

	13.	Notation of Guarantee. 

 As set forth more
fully in the Indenture, the Persons constituting Subsidiary Guarantors from time to time, in accordance with the provisions of the Indenture, irrevocably and unconditionally and jointly and severally guarantee, in accordance with Section 12.1
of the Indenture, to the Holders and to the Trustee and its successors and assigns, that (i) the principal of and interest on the 6  3/4% Securities will be paid, whether at the Stated Maturity or Interest Payment Dates, by acceleration, call for redemption or otherwise, and all other obligations of the Company to the Holders or the
Trustee under the Indenture or this 6  3/4% Security will be promptly paid in full or performed, all in
accordance with the terms of the Indenture and this 6  3/4% Security, and (ii) in the case of any
extension of payment or renewal of this 6  3/4% Security or any of such other obligations, they will be paid
in full when due or performed in accordance with the terms of such extension or renewal, whether at the Stated Maturity, as so extended, by acceleration or otherwise. Such Guarantees shall cease to apply, and shall be null and void, with respect to
any such guarantor who, pursuant to Article 12 of the Indenture, is released from its Guarantees, or whose Guarantees otherwise cease to be applicable pursuant to the terms of the Indenture. 
  

	14.	Successor. 

 When a successor assumes all
the obligations of its predecessor under the 6  3/4% Securities and the Indenture, the predecessor will be
released from those obligations. 
  

	15.	Defaults and Remedies. 

 If an Event of
Default with respect to the 6  3/4% Securities occurs and is continuing (other than an Event of Default
relating to bankruptcy, insolvency or reorganization of the Company), then either the Trustee or the Holders of 25% in aggregate principal amount of the 6  3/4% Securities then outstanding may declare all 6  3/4% Securities to be due and payable immediately in the manner and with the effect provided in the Indenture. Holders of 6  3/4% Securities may not enforce the Indenture or the 6  3/4%
Securities, except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the 6  3/4% Securities. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding 6  3/4% Securities may direct the Trustee in its exercise of any trust or power with respect to such 6  3/4% Securities. The Trustee may withhold from Holders of 6  3/4% Securities notice of any continuing Default or 

  

 A-10 

 
Event of Default (except a Default in payment of principal or interest) if it determines that withholding notice is in their interest. 
  

	16.	Trustee and Agent Dealings with Company. 

 The Trustee and each Agent under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company or any Subsidiary Guarantor or any of their Subsidiaries or any of
their respective Affiliates, and may otherwise deal with such Persons as if it were not the Trustee or such agent. 
  

	17.	No Recourse Against Others. 

 No recourse
for the payment of the principal of, premium, if any, or interest on the 6  3/4% Securities or for any claim
based thereon or otherwise in respect thereof, and no recourse under or upon any obligation, covenant or agreement of the Company or the Subsidiary Guarantors in the Indenture, or in the 6  3/4% Securities or because of the creation of any Indebtedness represented thereby, shall be had against any incorporator, partner, stockholder, officer,
director, employee or controlling Person of the Company or the Subsidiary Guarantors or of any successor Person thereof, except as an obligor or guarantor of the 6  3/4% Securities pursuant to the Indenture. Each Holder, by accepting the 6  3/4% Securities, waives and releases all such liability. 
  

	18.	Authentication. 

 This 6  3/4% Security shall not be valid until the Trustee or authenticating agent signs the certificate of authentication on
the other side of this 6  3/4% Security. 
  

	19.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder of a 6  3/4% Security or an
assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act).

  

	20.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company will cause CUSIP numbers to be printed on the 6  3/4% Securities as a convenience to the Holders of the 6  3/4%
Securities. No representation is made as to the accuracy of such numbers as 

  

 A-11 

 
printed on the 6  3/4% Securities and reliance may be placed only on the other identification numbers printed hereon. 
  

	21.	Additional Rights of Holders of Transfer Restricted Notes.7 

 In addition to the rights provided to Holders of 6  3/4% Securities under the Indenture, Holders of Transfer Restricted Notes shall have all the rights set forth in the
Registration Rights Agreement dated as of the date of the Nineteenth Supplemental Indenture, among the Company, the Subsidiary Guarantors and the Initial Purchasers. 
  

	22.	Governing Law. 

 THE INDENTURE AND THE
6  3/4% SECURITIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
INCLUDING, WITHOUT LIMITATION, SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW AND NEW YORK CIVIL PRACTICE LAWS AND RULES 327(b). 

	7	To be included only on Transfer Restricted Notes. 

  

 A-12 

 [FORM OF ASSIGNMENT] 
 I or we assign this Security to 
 ________________________________________________________________________________________________ 
 ________________________________________________________________________________________________ 
 ________________________________________________________________________________________________ 
 (Print or type name, address and zip code of
assignee) 
 Please insert Social Security or other identifying number of assignee 
 __________________________________________ 
 and irrevocably appoint
                     agent to transfer this Security on the books of the Company. The agent may substitute another to act for him.

  

					
			
	Dated:                     	 	Signed:	 	   
		 		 	 (Sign exactly as name appears on
 the other
side of this Security)

	Signature Guarantee** ______________________	 		 	

	**	NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The Securities Transfer Agent
Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other guarantee program acceptable to the Trustee. 

  

 A-13 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Security purchased by the Company pursuant to Section 5.04 of the Nineteenth Supplemental Indenture or Article
10 of the Indenture, check the appropriate box: 
  

	 ̈	Section 5.04 

  

	 ̈	Article 10. 

 If you want to elect to have only
part of this Security purchased by the Company pursuant to Section 5.04 or Article 10 of the Indenture, as the case may be, state the amount you want to be purchased:
$            . 
  

									
					
	Date:	 	  	 		 	Signature:	 	  
		 		 		 		 	 (Sign exactly as your name appears
 on the
other side of this Security)

  

			
		
	Signature Guarantee***	 	  
		 	

	***	NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The Securities
Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other guarantee program acceptable to the Trustee.

  

 A-14 

 SCHEDULE OF EXCHANGES OF CERTIFICATED NOTES8 
 The following exchanges of a part of this Global Security for Certificated Securities have been made: 
  

									
	 Date of Exchange
	  	 Amount of decrease in
 Principal Amount of this
 Global
Note
	  	 Amount of increase in
 Principal Amount of this
 Global
Note
	  	 Principal Amount of this
 Global Note following such
 decrease (or increase)
	  	 Signature of
 authorized officer of
 Trustee or Note
 Custodian

	8	This should be included only if the Security is issued in global form. 

  

 A-15 

 EXHIBIT B 
 FORM OF CERTIFICATE OF TRANSFER 
 Host Marriott, L.P. 
 6903 Rockledge Drive, Suite 1500 
 Bethesda, Maryland 20817

 Attention: Chief Financial Officer 
 The Bank of
New York 
 101 Barclay Street 
 New York, New York
10286 
 Attention: Corporate Trust Department 
  

	 	Re:	Series P Senior Notes due 2016 

 Dear Sirs: 
 Reference is hereby made to the Amended and Restated Indenture, dated as of August 5, 1998 (the “Base Indenture”), among HMH
Properties, Inc., its Parents and the Subsidiary Guarantors named therein (collectively, the “Subsidiary Guarantors”) and The Bank of New York (the “Trustee”), and the Nineteenth Supplemental Indenture to the Base Indenture,
dated as of April 4, 2006 (the “Nineteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among Host Marriott, L.P., as issuer (the “Company”), the Subsidiary Guarantors and the
Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.                     , (the
“Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of $             in such Note[s] or
interests (the “Transfer”), to                      (the “Transferee”), as further specified in Annex A hereto. In
connection with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 
 1.  ̈    Check if Transferee
will take delivery of a beneficial interest in a Rule 144A Restricted Global Note or a Certificated Note Pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act
of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Certificated Note is being transferred to a Person that the Transferor reasonably believed and believes
is purchasing the beneficial interest or Certificated Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified
institutional buyer” within the meaning of Rule 144A in a transaction 

  

 B-1 

 
meeting the requirements of Rule 144A and such Transfer is in compliance with any applicable blue sky securities laws of any State of the United States
and the restrictions set forth in the Private Placement Legend. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will be subject to the restrictions on
transfer enumerated in the Private Placement Legend printed on the Restricted Global Note and/or the Certificated Note and in the Indenture and the Securities Act. 
 1A.  ̈    Check if Transferee will take delivery of a beneficial
interest in a Regulation S Restricted Global Note or a Certificated Note Pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Regulation S under the United States Securities Act, and, accordingly, the
Transferor hereby further certifies that: 
 (a)   ̈    the offer of the beneficial interest or Certificated Note being transferred was not made to a person in the United States; 
 (b)   ̈    either: 
 (i) at the time the buy order was originated, the Transferee was
outside the United States or the Transferor and any person acting on its behalf reasonably believed that the Transferee was outside the United States; or 
 (ii) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither the
Transferor nor any person acting on its behalf knows that the transaction was prearranged with a buyer in the United States; 
 (c)   ̈    no directed selling efforts have been made in contravention of the
requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and 
 (d)    ̈    the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act;

 and such Transfer is in compliance with any applicable blue sky securities laws of any State of the United States and the restrictions set forth in
the Private Placement Legend. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Restricted Global Note and/or the Certificated Note and in the Indenture and the Securities Act. 
 2.   ̈    Check and complete if Transferee will take delivery of a
beneficial interest in a Restricted Certificated Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in 

  

 B-2 

 
compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Certificated Notes and pursuant to
and in accordance with the Securities Act and any applicable blue sky securities laws of any State of the United States, and accordingly the Transferor hereby further certifies that (check one): 
 (a)    ̈     Such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; or 
 (b)    ̈     Such Transfer is being effected to the Company
or a subsidiary thereof; or 
 (c)    ̈     Such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the
prospectus delivery requirements of the Securities Act; or 
 (d)    ̈     such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration
requirements of the Securities Act other than Rule 144A, or Rule 144, and the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer
complies with the transfer restrictions applicable to beneficial interests in a Restricted Global Note or Restricted Certificated Notes (including those set forth in the Private Placement Legend) and the requirements of the exemption claimed, which
certification is supported by (1) a certificate executed by the Transferee in a form of Exhibit D to the Nineteenth Supplemental Indenture and (2) if such Transfer is in respect of a principal amount of Series P Notes at the time of
transfer of less than $250,000, an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to this certification and provided to the Company, which has confirmed its acceptability), to the effect
that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the Certificated Note will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Certificated Notes and in the Indenture and the Securities Act. 
 3.    ̈     Check if Transferee will take delivery of a beneficial interest in an Unrestricted Global Note or of an Unrestricted
Certificated Note. 
 (a)    ̈     Check if Transfer is Pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with
Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the
Indenture and the Private Placement Legend are not required in order to 

  

 B-3 

 
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Certificated Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Certificated Notes and in the Indenture and the
Securities Act. 
 (a1)    ̈     Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Regulation S under the Securities Act and in compliance with the
transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in
order to maintain compliance with the Securities Act. 
 The Transferor hereby further certifies that: 
 (a) the offer of the beneficial interest or Certificated Note being transferred was not made to a person in the United States;

 (b) either: 
 (i) at the time the buy order was originated, the Transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the Transferee was outside the United
States; or 
 (ii) the transaction was executed in, on or through the facilities of a designated offshore securities
market and neither the Transferor nor any person acting on its behalf knows that the transaction was prearranged with a buyer in the United States; 
 (c) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and 
 (d) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. 
 Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Certificated Note will no longer be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Certificated Notes and in the Indenture and the Securities Act. 
 (b)    ̈     Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration requirements of the
Securities Act other than Rule 144 or Regulation S and in compliance with the transfer 

  

 B-4 

 
restrictions contained in the Indenture and any applicable blue sky securities laws of any State of the United States and (ii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Certificated Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or Restricted Certificated Notes and in the Indenture. 
  

 B-5 

 This certificate and the statements contained herein are made for your benefit and the benefit of the Company.

  

									
				
	  	 		 	Dated:	 	  
	[Insert Name of Transferor]	 		 		 	

  

					
		
	By:	 	  
		 	Name:	 	
		 	Title:	 	

  

 B-6 

 ANNEX A TO CERTIFICATE OF TRANSFER 
  

	1.	The Transferor owns and proposes to transfer the following: 

 [CHECK ONE OF (a) OR (b)] 
 (a)   ̈    a beneficial interest in a Restricted Global Note
(CUSIP                    ), or 
 (b)   ̈    a Restricted Certificated Note. 

 

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE]

 (a)   ̈    a beneficial interest in a/an: 
 (i)    ̈    Restricted Global Note
(CUSIP                    ), or 
 (ii)   ̈    Unrestricted Global Note
(CUSIP                    ); or 
 (b)   ̈    a Restricted Certificated Note; or

 (c)   ̈    an Unrestricted Certificated Note, 
 in accordance with the terms of the Indenture.

  

 B-7 

 EXHIBIT C 
 FORM OF CERTIFICATE OF EXCHANGE 
 Host Marriott, L.P. 
 6903 Rockledge Drive, Suite 1500 
 Bethesda, Maryland 20817

 Attention: Chief Financial Officer 
 The Bank of
New York 
 101 Barclay Street 
 New York, New York
10286 
 Attention: Corporate Trust Department 
  

	 	Re:	Series P Senior Notes due 2016 

 Dear Sirs: 
 Reference is hereby made to the Amended and Restated Indenture, dated as of August 5, 1998 (the “Base Indenture”), among HMH
Properties, Inc., its Parents and the Subsidiary Guarantors named therein (collectively, the “Subsidiary Guarantors”) and The Bank of New York, as trustee (the “Trustee”), and the Nineteenth Supplemental Indenture to the Base
Indenture, dated as of April 4, 2006 (the “Nineteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among Host Marriott, L.P., as issuer (the “Company”), the Subsidiary Guarantors
and the Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
                     , (the “Owner”) owns and proposes to exchange the Note[s] or interest in such Note[s] specified
herein, in the principal amount of $             in such Note[s] or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that:

 1. Exchange of Restricted Certificated Notes or Beneficial Interests in a Restricted Global Note for Unrestricted
Certificated Notes or Beneficial Interests in an Unrestricted Global Note 
 (a)   ̈    Check if Exchange is from beneficial interest in a Restricted Global Note to beneficial interest in an
Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies
(i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in
accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain

  

 C-1 

 
compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any
applicable blue sky securities laws of any State of the United States. 
 (b)    ̈     Check if Exchange is from beneficial interest in a Restricted Global Note to Unrestricted Certificated
Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Certificated Note, the Owner hereby certifies (i) the Certificated Note is being acquired for the Owner’s
own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Certificated Note is being acquired in compliance with any applicable blue sky securities
laws of any State of the United States. 
 (c)    ̈     Check if Exchange is from Restricted Certificated Note to beneficial interest in an Unrestricted Global Note. In connection
with the Owner’s Exchange of a Restricted Certificated Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without
transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Certificated Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained
in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws of any
State of the United States. 
 (d)    ̈     Check if Exchange is from Restricted Certificated Note to Unrestricted Certificated Note. In connection with the Owner’s
Exchange of a Restricted Certificated Note for an Unrestricted Certificated Note, the Owner hereby certifies (i) the Unrestricted Certificated Note is being acquired for the Owner’s own account without transfer, (ii) such Exchange has
been effected in compliance with the transfer restrictions applicable to Restricted Certificated Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained in the Indenture and the Private
Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Certificated Note is being acquired in compliance with any applicable blue sky securities laws of any State of the United
States. 
 2. Exchange of Certificated Notes or Beneficial Interests in Restricted Global Notes for Restricted Certificated
Notes or Beneficial Interests in Restricted Global Notes 
 (a)    ̈     Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Certificated Note. In
connection with the 

  

 C-2 

 
Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Certificated Note with an equal principal amount, the Owner
hereby certifies that the Restricted Certificated Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Certificated Note
issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Certificated Note and in the Indenture and the Securities Act. 
 (b)    ̈     Check if Exchange is from Restricted Certificated Note or Unrestricted Certificated Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the
Owner’s Restricted Certificated Note for a beneficial interest in the Restricted Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without
transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky
securities laws of any State of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 
 This certificate and the statements
contained herein are made for your benefit and the benefit of the Company. 
  

	
	
	   
	[Insert Name of Owner]

  

			
		
	By:	 	  
		 	Name:
		 	Title:
		
	Dated:	 	  

  

 C-3 

 EXHIBIT D 
 FORM OF CERTIFICATE FROM ACQUIRING 
 INSTITUTIONAL ACCREDITED INVESTOR 
 Host Marriott, L.P. 
 6903 Rockledge Drive 
 Bethesda, Maryland 20817 
 Attention: Chief Financial Officer

 The Bank of New York 
 101 Barclay Street

 New York, New York 10286 
 Attention: Corporate
Trust Department 
  

	 	Re:	Series P Senior Notes due 2016 

 Dear Sirs: 
 Reference is hereby made to the Amended and Restated Indenture, dated as of August 5, 1998 (the “Base Indenture”), among HMH
Properties, Inc., its Parents and the Subsidiary Guarantors named therein (collectively, the “Subsidiary Guarantors”) and The Bank of New York, as trustee (the “Trustee”), and the Nineteenth Supplemental Indenture to the Base
Indenture, dated as of April 4, 2006 (the “Nineteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among Host Marriott, L.P., as issuer (the “Company”), the Subsidiary Guarantors
and the Trustee. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
 In
connection with our proposed purchase of $             aggregate principal amount of: (a) a beneficial interest in a Global Note, or (b) a Certificated Note, we confirm
that: 
 1. We understand that any subsequent transfer of the Securities or any interest therein is subject to certain restrictions
and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Securities or any interest therein except in compliance with, such restrictions and conditions and the United
States Securities Act of 1933, as amended (the “Securities Act”). 
 2. We understand that the offer and sale of the
Securities have not been registered under the Securities Act, and that the Securities and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for
which we are acting as hereinafter stated, that if we should sell the Securities or any interest therein, we will do so only (a) to a person who is a qualified institutional buyer in a transaction meeting the requirements of Rule 144A,
(b) pursuant to an exemption from registration under the Securities Act provided by Rules 144 thereunder (if available), 

  

 D-1 

 
(c) to an institutional “accredited investor” (as defined in Rule 501 (a)(1), (2), (3) or (7) of Regulation D under the Securities
Act) that, prior to such transfer, furnishes the trustee a signed letter containing certain representations and agreements relating to the transfer of this Security (the form of which can be obtained from the trustee) and, if such transfer is for
less than an aggregate principal amount of $250,000, an opinion of counsel acceptable to the Company, if requested by the Company, that the transfer is exempt from registration under the Securities Act, (e) outside the United States in a
transaction complying with the provisions of Rule 904 under the Securities Act, (f) in accordance with another exemption from the registration requirements of the Securities Act (and based upon an opinion of counsel acceptable to the Company,
if requested by the Company), or (g) to the Company or any Subsidiary Guarantor. We will, and each subsequent purchaser is required to, notify any subsequent purchaser from it as to the resale restrictions set forth in the preceding sentence.

 3. We understand that, on any proposed resale of the Securities or beneficial interest therein, we will be required to furnish to
you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further understand that the Securities
purchased by us will bear a legend to the foregoing effect. 
 4. We are an institutional “accredited investor” (as defined
in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Securities,
and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 
 5. We are
acquiring the Securities or beneficial interest therein purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion.

 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to
any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

					
			
	   	 		 	Dated:                                    ,
            
	[Insert Name of Accredited Investor]	 		 	

  

			
		
	By:	 	  
		 	Name:
		 	Title:

  

 D-2

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