Document:

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                                                                     EXHIBIT 4.2

                        SIXTH SUPPLEMENTAL INDENTURE TO
                        AMENDED AND RESTATED INDENTURE

     SIXTH SUPPLEMENTAL INDENTURE, dated as of October 6, 2000, among HOST
MARRIOTT, L.P., a Delaware limited partnership (the "Company"), the Subsidiary
Guarantors signatory to this Sixth Supplemental Indenture and HSBC BANK USA
(formerly MARINE MIDLAND BANK), as Trustee (the "Trustee") to the Amended and
Restated Indenture, dated as of August 5, 1998, as amended and supplemented
through the date of this Sixth Supplemental Indenture (the "Indenture").

                                   RECITALS

     WHEREAS, the Company, its Parents, certain of the Subsidiary Guarantors and
the Trustee 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 9 1/4% Series F Senior Notes due 2007 and Subsidiary
Guarantees thereof of the Subsidiary Guarantors (hereinafter, the "Series F
Notes") and (ii) the 9 1/4% Series G Senior Notes due 2007 and the Subsidiary
Guarantees thereof of the Subsidiary Guarantors to be exchanged for the Series F
Notes (hereinafter, the "Series G 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, Section 9.1(g) 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 outstanding Securities to provide
for the addition of guarantors to 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 Sixth 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
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     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 1.1   Nature of Supplemental Indenture.  This Sixth 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 1.2  Establishment of New Series.  Pursuant to Section 2.2 of the
                  ---------------------------
Indenture, there is hereby established the Series F Notes and the Series G Notes
(collectively, the "9 1/4% Notes") having the terms, in addition to those set
forth in the Indenture and this Sixth Supplemental Indenture, set forth in  the
form of 9 1/4% Note, attached to this Sixth Supplemental Indenture as Exhibit A,
                                                                      ---------
which is incorporated herein as a part of this Sixth Supplemental Indenture.

     Section 1.3  Redemption.  The Company may redeem the 9 1/4% Notes 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 9 1/4% 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 the immediately
preceding paragraph 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.

     The 9 1/4% Notes will not have the benefit of any sinking fund.

                                   ARTICLE 2

     Section 1.4  The term "Subsidiary Guarantors" means, with respect to the 9
1/4% 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

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of the Indenture, but 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 9 1/4% Notes.

     Section 1.5  The second sentence of the definition of "Subsidiary
Guarantee" set forth in Section 1.1 of the Indenture shall read, for purposes of
the 9 1/4% Notes, as follows: "Each Subsidiary Guarantee with respect to the 9
1/4% Notes will be a senior obligation of the Subsidiary Guarantor and will be
full and unconditional regardless of the enforceability of the 9 1/4% Notes, the
Sixth Supplemental Indenture or the Indenture."

     Section 1.6  The following entities shall constitute the "Subsidiary
Guarantors" with respect to the 9 1/4% Notes, the Series A Notes, the Series B
Notes, the Series C Notes and the Series E 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)  Chesapeake Financial Services LLC;
     (6)  City Center Interstate Partnership LLC;
     (7)  HMC Retirement Properties, L.P.;
     (8)  HMH Marina LLC;
     (9)  Farrell's Ice Cream Parlour Restaurants LLC;
     (10) HMC Atlanta LLC;
     (11) HMC BCR Holdings LLC;
     (12) HMC Burlingame LLC;
     (13) HMC California Leasing LLC;
     (14) HMC Capital LLC;
     (15) HMC Capital Resources LLC;
     (16) HMC Park Ridge LLC;
     (17) HMC Park Ridge II LLC;
     (18) HMC Park Ridge LP;
     (19) HMC Partnership Holdings LLC;
     (20) Host Park Ridge LLC;
     (21) HMC Suites LLC;
     (22) HMC Suites Limited Partnership;
     (23) PRM LLC;
     (24) Wellsford-Park Ridge HMC Hotel Limited Partnership;
     (25) YBG Associates LLC;
     (26) HMC Chicago LLC;

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     (27) HMC Desert LLC;
     (28) HMC Palm Desert LLC;
     (29) MDSM Finance LLC;
     (30) HMC Diversified LLC;
     (31) HMC East Side II LLC;
     (32) HMC Gateway LLC;
     (33) HMC Grand LLC;
     (34) HMC Hanover LLC;
     (35) HMC Hartford LLC;
     (36) HMC Hotel Development LLC;
     (37) HMC HPP LLC;
     (38) HMC IHP Holding LLC;
     (39) HMC Manhattan Beach LLC;
     (40) HMC Market Street LLC;
     (41) New Market Street LP;
     (42) HMC Georgia LLC;
     (43) HMC Mexpark LLC;
     (44) HMC Polanco LLC;
     (45) HMC NGL LLC;
     (46) HMC OLS I L.P.;
     (47) HMC OP BN LLC;
     (48) HMC Pacific Gateway LLC;
     (49) HMC PLP LLC;
     (50) Chesapeake Hotel Limited Partnership;
     (51) HMC Potomac LLC;
     (52) HMC Properties I LLC;
     (53) HMC Properties II LLC;
     (54) HMC RTZ Loan I LLC;
     (55) HMC RTZ Loan Limited Partnership;
     (56) HMC RTZ II LLC;
     (57) HMC SBM Two LLC;
     (58) HMC Seattle LLC;
     (59) HMC SFO LLC;
     (60) HMC Swiss Holdings LLC;
     (61) HMC Waterford LLC;
     (62) HMH General Partner Holdings LLC;
     (63) HMH Norfolk LLC;
     (64) HMH Norfolk, L.P.;
     (65) HMH Pentagon LLC;
     (66) HMH Restaurants LLC;
     (67) HMH Rivers LLC;
     (68) HMH Rivers, L.P.;

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     (69)  HMH WTC LLC;
     (70)  HMP Capital Ventures LLC;
     (71)  HMP Financial Services LLC;
     (72)  Host La Jolla LLC;
     (73)  City Center Hotel Limited Partnership;
     (74)  Times Square LLC;
     (75)  Ivy Street LLC;
     (76)  Market Street Host LLC;
     (77)  MFR of Illinois LLC;
     (78)  MFR of Vermont LLC;
     (79)  MFR of Wisconsin LLC;
     (80)  Philadelphia Airport Hotel LLC;
     (81)  PM Financial LLC;
     (82)  PM Financial LP;
     (83)  HMC Property Leasing LLC;
     (84)  HMC Host Restaurants LLC;
     (85)  Santa Clara HMC LLC;
     (86)  S.D. Hotels LLC;
     (87)  Times Square GP LLC;
     (88)  Durbin LLC;
     (89)  Atlanta II Limited Partnership;
     (90)  Ivy Street Hotel Limited Partnership;
     (91)  Ivy Street MPF LLC;
     (92)  HMC Burlingame II LLC;
     (93)  Host DSM Limited Partnership;
     (94)  HMC Diversified American Hotels, L.P.;
     (95)  HMC East Side LLC;
     (96)  HMC Partnership Properties LLC;
     (97)  HMC HT LLC;
     (98)  HMC JWDC GP LLC;
     (99)  HMC JWDC LLC;
     (100) HMC OLS I LLC;
     (101) HMC OLS II L.P.;
     (102) Potomac Hotel Limited Partnership; and
     (103) HMC RTZ Loan II LLC.

     By execution of this Sixth 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

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     Section 1.7  Subject to the further provisions of this Article 3, the
covenants set forth in Article 4 of the Indenture shall be applicable to the 9
1/4% Notes.  By virtue of the occurrence of the REIT Conversion, Section 4.15 of
the Indenture is applicable, and Section 4.9 of the Indenture is inapplicable,
to the 9 1/4% Notes.

     Section 1.8  The provisions of Sections 4.8, 4.10, 4.11, 4.12 and 4.15 of
the Indenture shall be applicable to the 9 1/4% Notes only for so long as and
during any time that such 9 1/4% Notes are not rated Investment Grade.

                                   ARTICLE 4

     Section 1.9  The following definitions are hereby added to the Indenture
solely with respect to the 9 1/4% 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 9 1/4% Note registered in the
name of the Holder thereof and issued in accordance with Section 5.01 of this
Sixth Supplemental Indenture, in the form of Exhibit A to this Sixth
Supplemental Indenture except that such 9 1/4% Note shall not include the
information called for by footnotes 2, 5 and 8 thereof.

          "Clearstream" means Clearstream, Luxembourg societe anonyme, or its
successors.

          "Euroclear" means Morgan Guaranty Trust Company of New York, Brussels
office, or its successor, as operator of the Euroclear system.

          "Exchange Notes" means the Series G Notes, which will be issued in
exchange for Series F Notes pursuant to an Exchange Offer.

          "Exchange Offer" means the offer that is to be made by the Company and
the Subsidiary Guarantors in accordance with the terms of the Registration
Rights Agreement.

          "Global Note" means a 9 1/4% Note that includes the information
referred to in footnotes 2, 5 and 8 to the form of 9 1/4% Note, attached to this
Sixth Supplemental Indenture as Exhibit A, issued under the Indenture, that is
deposited

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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 5.01(g)(ii)
of this Sixth Supplemental Indenture, which is required to be placed on all
Global Notes issued under the Indenture.

          "Indirect Participant" means an entity that, with respect to DTC,
clears through or maintains a direct or indirect custodial relationship with a
Participant.

          "Initial Purchasers" means Deutsche Bank Securities Inc., Banc of
America Securities LLC, Bear, Stearns & Co. Inc., Donaldson, Lufkin & Jenrette
Securities Corporation, Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Morgan Stanley & Co. Incorporated, Credit Lyonnais
Securities (USA) Inc., Scotia Capital (USA) Inc. and SG Cowen Securities
Corporation.

          "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 F Notes for use by such
Holders in connection with the Exchange Offer.

          "Make-Whole Premium" means, with respect to any 9 1/4% 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 9 1/4% Note
on its maturity date and all remaining interest payments (not including any
portion of such payments of interest accrued as of the Redemption Date) to and
including such maturity date, 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 9 1/4% Note being redeemed.

          "9 1/4% Notes" means, collectively, the Series F 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 September 29, 2000 with respect to the 9
1/4% Notes.

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          "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).

          "Private Placement Legend" means the legend set forth in Section
5.01(g)(i) of this Sixth Supplemental Indenture to be placed on all Series F
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.

          "Registration Rights Agreement" means the Registration Rights
Agreement, dated as of October 6, 2000, 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 writing is the first day on which the 9 1/4% Notes were offered to
persons other than distributors (as defined in Regulation S) in reliance on
Regulation S and (ii) October 6, 2000.

          "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 9 1/4% Note, attached to this Sixth Supplemental Indenture as
Exhibit A, issued under the Indenture.

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          "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 9 1/4% Note,
attached to this Sixth 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 Sixth
Supplemental Indenture, regardless of the information appearing on such Global
Note.

          "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.

          "Shelf Registration Statement" shall have the meaning set forth in the
Registration Rights Agreement.

          "Transfer Restricted Notes" means Series F Notes that include the
information called for by footnotes 6 and 7 to the form of 9 1/4% Note, attached
to this Sixth 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 9 1/4% Notes, provided that if the
average life of the 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 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

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footnotes 6 and 7 to the form 9 1/4% Note, attached to this Sixth 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 Sixth 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.

                                   ARTICLE 5

     Section 1.10  For purposes of the 9 1/4% Notes, Section 2.7 of the
Indenture is hereby supplemented with, and where inconsistent replaced by, the
following provisions:

          (1)  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 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 aggregate
principal amount of outstanding 9 1/4% Notes if there shall have occurred and be
continuing a Default or Event of Default with respect to the 9 1/4% 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 9
1/4% Note other than as provided in this Section 5.01(a); however, beneficial
interests in a Global Note may be transferred and exchanged as provided in
Section 5.01(b), (c) or (f) of this Sixth Supplemental Indenture.

          (2)  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

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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:

               (1)  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 5.01(b)(i).

               (2)  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 5.01(b)(i) above, 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 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)(1) above. Upon consummation of an Exchange Offer by
the Company in accordance with Section 5.01(f) of this Sixth Supplemental
Indenture, the requirements of this Section 5.01(b)(ii) 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 9 1/4% Notes, the Trustee shall adjust the principal amount of
the relevant Global Note(s) pursuant to Section 5.01(h) of this Sixth
Supplemental Indenture.

               (3)  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

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Restricted Global Note if the transfer complies with the requirements of Section
5.01(b)(ii) above and the Registrar receives a certificate in the form of
Exhibit B to this Sixth Supplemental Indenture, including the certifications in
item (1) or item (1A) thereof, as applicable.

               (4)  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 5.01(b)(ii) above and:

                    (1)  such exchange or transfer is effected pursuant to the
     Exchange Offer in accordance with the Registration Rights Agreement and
     Section 5.01(f) of this Sixth 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 Person who
     is an affiliate (as defined in Rule 144) of the Company or the Subsidiary
     Guarantors;

                    (2)  such transfer is effected pursuant to the Shelf
     Registration Statement in accordance with the Registration Rights
     Agreement;

                    (3)  such transfer is effected by a Broker-Dealer pursuant
     to the Exchange Offer Registration Statement in accordance with the
     Registration Rights Agreement;

                    (4)  such transfer occurs on or after October 6, 2002 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 Sixth
     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 Sixth 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

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     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

                    (5)  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 Sixth
     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.

               (5)  Transfer of Beneficial Interests in a Regulation S
Unrestricted Global Note for Beneficial Interests in a Restricted Global Note.
Until October 6, 2002, 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 5.01(b)(ii) above and the Registrar
receives a certificate in the form of Exhibit B to this Sixth 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.

          (3)  Transfer or Exchange of Beneficial Interests for Certificated
Notes.

               (1)  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 5.01(a)
above, upon receipt by the Registrar of the following documentation:

                                       13
<PAGE>

                    (1)  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 Sixth Supplemental Indenture, including the
     certifications in item (2)(a) thereof;

                    (2)  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 Sixth Supplemental Indenture,
     including the certifications in item (1) thereof;

                    (3)  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 Sixth Supplemental
     Indenture, including the certifications in item (2)(a) thereof;

                    (4)  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
     subparagraphs (B) and (C) above, a certificate to the effect set forth in
     Exhibit B to this Sixth Supplemental Indenture, including the
     certifications, certificates and Opinion of Counsel required by item (2)(d)
     thereof, if applicable;

                    (5)  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 Sixth Supplemental Indenture, including the
     certifications in item (2)(b) thereof;

                    (6)  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 Sixth Supplemental
     Indenture, including the certifications in item (2)(c) thereof; or

                    (7)  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 Sixth 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 5.01(h) of
this Sixth Supplemental Indenture, and the Company shall execute and, upon
receipt of a

                                       14
<PAGE>

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 5.01(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 F Notes are so registered. Any Restricted Certificated Note issued in
exchange for a beneficial interest in a Restricted Global Note pursuant to this
Section 5.01(c)(i) shall bear the Private Placement Legend and shall be subject
to all restrictions on transfer contained therein.

                    (2)  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 5.01(a) above
and:

                         (1)  such exchange or transfer is effected pursuant to
     the Exchange Offer in accordance with the Registration Rights Agreement and
     Section 5.01(f) of this Sixth 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;

                         (2)  such transfer is effected pursuant to the Shelf
     Registration Statement in accordance with the Registration Rights
     Agreement;

                         (3)  such transfer is effected by a Broker-Dealer
     pursuant to the Exchange Offer Registration Statement in accordance with
     the Registration Rights Agreement;

                         (4)  such transfer occurs on or after October 6, 2002
     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 Sixth Supplemental

                                       15
<PAGE>

     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 Sixth 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

                    (5)  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 Sixth Supplemental Indenture, including the certifications in item
     (3)(a1) thereof.

                    (3)  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 5.01(a) above and upon satisfaction of the conditions set forth in
Section 5.01(b)(ii) of this Sixth Supplemental Indenture, the Trustee shall
cause the aggregate principal amount of the applicable Unrestricted Global Note
to be reduced accordingly pursuant to Section 5.01(h) of this Sixth 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 5.01(c)(iii) 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 9 1/4% Notes
are so registered. Any Unrestricted Certificated Note issued in exchange for a
beneficial interest pursuant to this Section 5.01(c)(iii) shall not bear the
Private Placement Legend.

                                       16
<PAGE>

               (4)  Transfer and Exchange of Certificated Notes for Beneficial
Interests.

                    (1)  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 F 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:

                         (1)  if the Holder of such Restricted Certificated Note
     or Unrestricted Certificated Note proposes to exchange such Series F Note
     for a beneficial interest in a Restricted Global Note that is not a
     Regulation S Restricted Global Note, a certificate from such Holder in the
     form of Exhibit C to this Sixth Supplemental Indenture, including the
     certifications in item (2)(b) thereof;

                         (2)  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 Sixth Supplemental Indenture, including the
     certifications in item (1) thereof; or

                         (3)  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 Sixth Supplemental
     Indenture, including the certifications in item (1A) 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.

                    (2)  Restricted Certificated Notes to Beneficial Interests
in Unrestricted Global Notes. A Holder of a Restricted Certificated Note may
exchange such 9 1/4% 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:

                                       17
<PAGE>

                    (1)  such exchange or transfer is effected pursuant to the
     Exchange Offer in accordance with the Registration Rights Agreement and
     Section 5.01(f) of this Sixth 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;

                    (2)  such transfer is effected pursuant to the Shelf
     Registration Statement in accordance with the Registration Rights
     Agreement;

                    (3)  such transfer is effected by a Broker-Dealer pursuant
     to the Exchange Offer Registration Statement in accordance with the
     Registration Rights Agreement;

                    (4)  such transfer occurs on or after October 6, 2002 and
     the Registrar receives the following: (1) if the Holder of such Restricted
     Certificated Notes proposes to exchange such 9 1/4% Notes for a beneficial
     interest in the Unrestricted Global Note, a certificate from such Holder in
     the form of Exhibit C to this Sixth Supplemental Indenture, including the
     certifications in item (1)(c) thereof; or (2) if the Holder of such
     Restricted Certificated Notes proposes to transfer such Series F 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 Sixth 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

                    (5)  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 Sixth
     Supplemental Indenture, including the certifications in item (3)(a1)
     thereof.

                                       18
<PAGE>

Upon satisfaction of the conditions of any of the subparagraphs in this Section
5.01(d)(ii), 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.

                    (3)  Unrestricted Certificated Notes to Beneficial Interests
in Unrestricted Global Notes. A Holder of an Unrestricted Certificated Note may
exchange such 9 1/4% 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 5.01(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.

               (5)  Transfer and Exchange of Certificated Notes for
Certificated Notes. Upon request by a Holder of Certificated Notes and such
Holder's compliance with the provisions of this Section 5.01(e), 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 5.01(e).

                    (1)  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:

                         (1)  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 Sixth Supplemental Indenture, including the
     certifications in item (1) thereof;

                                       19
<PAGE>

                              (2)  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 Sixth Supplemental Indenture,
     including the certifications in item (1A) thereof; and

                              (3)  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 Sixth Supplemental Indenture, including the certifications,
     certificates and Opinion of Counsel required by item (2) thereof, if
     applicable.

                         (2)  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:

                              (1)  such exchange or transfer is effected
     pursuant to the Exchange Offer in accordance with the Registration Rights
     Agreement and Section 5.01(f) of this Sixth 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;

                              (2)  any such transfer is effected pursuant to the
     Shelf Registration Statement in accordance with the Registration Rights
     Agreement;

                              (3)  any such transfer is effected by a Broker-
     Dealer pursuant to the Exchange Offer Registration Statement in accordance
     with the Registration Rights Agreement;

                              (4)  such transfer occurs on or after October 6,
     2002 and the Registrar receives the following: (1) if the Holder of such
     Restricted Certificated Notes proposes to exchange such 9 1/4% Notes for an
     Unrestricted Certificated Note, a certificate from such Holder in the form
     of Exhibit C to this Sixth Supplemental Indenture, including the
     certifications in item (1)(d) thereof; or (2) if the Holder of such
     Restricted Certificated Notes proposes to transfer such 9 1/4% 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 Sixth 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

                                       20
<PAGE>

          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;

                    (5) 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 Sixth Supplemental Indenture,
          including the certifications in item (3)(a1) there of.

                    (3)  Unrestricted Certificated Notes to Unrestricted
     Certificated Notes. A Holder of Unrestricted Certificated Notes may
     transfer such 9 1/4% 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.

               (6)  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 5.01(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 5.01(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 Series G 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.

                                       21
<PAGE>

          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 and
delivered in exchange for Series F 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 F Notes in accordance with the Indenture and the Exchange Offer, the
Guarantees 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 such type.

          (7)  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.

               (1)  Private Placement Legend.

                    (1)  Except as permitted by subparagraph (B) below, each
          Global Note and each Certificated Note (and all 9 1/4% 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:

                                       22
<PAGE>

     (1)  AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT
(A) TO THE COMPANY OR ANY SUBSIDIARY GUARANTOR WHOLLY OWNED BY THE COMPANY 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
COMPANY 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 COMPANY), 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

     (2)  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.

                         (2)  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 5.01
     (and all 93% Notes issued in exchange therefor or substitution thereof)
     shall not bear the Private Placement Legend.

                    (2)  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 NOTE) OR ITS NOMINEE IN

                                       23
<PAGE>

        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 5.01 OF THE SIXTH SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL NOTE
        MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 5.01(a) OF
        THE SIXTH 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."

          (8)  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 9 1/4% 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.

          (9)  General Provisions Relating to Transfers and Exchanges.

               (1)  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.

               (2)  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

                                       24
<PAGE>

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).

               (3)  The Registrar shall not be required to register the transfer
of or exchange any 9 1/4% Note selected for redemption in whole or in part,
except the unredeemed portion of any 9 1/4% Note being redeemed in part.

               (4)  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.

               (5)  Prior to due presentment for the registration of a transfer
of any 9 1/4% Note, the Trustee, any Agent and the Company may deem and treat
the Person in whose name any 9 1/4% Note is registered as the absolute owner of
such 9 1/4% Note for the purpose of receiving payment of principal of and
interest on such 9 1/4% Notes and for all other purposes, and none of the
Trustee, any Agent or the Company shall be affected by notice to the contrary.

               (6)  The Trustee shall authenticate Global Notes and Certificated
Notes in accordance with the provisions of Section 2.3 of the Indenture.

               (7)  All certifications, certificates and Opinions of Counsel
required to be submitted to the Registrar pursuant to this Section 5.01 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 5.01, 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 Sixth Supplemental Indenture.
The Registrar shall not be responsible for confirming the truth or accuracy of
representations made in any such certifications or certificates.

                                   ARTICLE 6

     Section 1.11  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.

                                       25
<PAGE>

     Section 1.12  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 Sixth Supplemental Indenture.  This Sixth
Supplemental Indenture is executed and accepted by the Trustee subject to all
the terms and conditions set forth in the Indenture with the same force and
effect as if those terms and conditions were repeated at length herein and made
applicable to the Trustee with respect to this Sixth Supplemental Indenture.

     Section 1.13  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 1.14  THIS SIXTH 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 1.15  The parties may sign any number of copies of this Sixth
Supplemental Indenture.  Each signed copy shall be an original, but all of such
executed copies together shall represent the same agreement.

                                       26
<PAGE>

     Section 1.16  All capitalized terms used in this Sixth Supplemental
Indenture which are not otherwise defined herein, shall have the respective
meanings specified in the Indenture, unless the context otherwise requires.

     Section 1.17  The 9 1/4% 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").

                                       27
<PAGE>

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

              COMPANY
              -------

              HOST MARRIOTT, L.P.

              By:  _____________________________________

                   Name:  Christopher G. Townsend
                   Title:  Senior Vice President and General Counsel

              SUBSIDIARY GUARANTORS
              ---------------------

              AIRPORT HOTELS LLC,
              HOST OF BOSTON, LTD.,
              HOST OF HOUSTON, LTD,
              HOST OF HOUSTON 1979,
              CHESAPEAKE FINANCIAL SERVICES LLC,
              CITY CENTER INTERSTATE PARTNERSHIP 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 CALIFORNIA LEASING LLC,
              HMC CAPITAL LLC,
              HMC CAPITAL RESOURCES LLC,
              HMC PARK RIDGE LLC,
              HMC PARK RIDGE II LLC,
              HMC PARK RIDGE LP,
                         BY: HMC PARK RIDGE LLC
              HMC PARTNERSHIP HOLDINGS LLC,
              HOST PARK RIDGE LLC,
              HMC SUITES LLC,
              HMC SUITES LIMITED PARTNERSHIP,

                                       28
<PAGE>

                         BY: HMC SUITES LLC
              PRM LLC,
              WELLSFORD-PARK RIDGE HMC HOTEL LIMITED PARTNERSHIP,
                  BY: HOST PARK RIDGE LLC
              YBG ASSOCIATES LLC,
              HMC CHICAGO LLC,
              HMC DESERT LLC,
              HMC PALM DESERT LLC,
              MDSM FINANCE LLC,
              HMC DIVERSIFIED 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 HOLDING 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 RTZ LOAN I LLC,
              HMC RTZ LOAN LIMITED PARTNERSHIP,
                  BY: HMC RTZ LOAN I LLC
              HMC RTZ II LLC,
              HMC SBM TWO LLC,
              HMC SEATTLE LLC,
              HMC SFO LLC,
              HMC SWISS HOLDINGS LLC,

                                       29
<PAGE>

              HMC WATERFORD LLC,
              HMH GENERAL PARTNER HOLDINGS LLC,
              HMH NORFOLK LLC,
              HMH NORFOLK, L.P.,
                  BY: HMH NORFOLK LLC
              HMH PENTAGON LLC,
              HMH RESTAURANTS LLC,
              HMH RIVERS LLC,
              HMH RIVERS, L.P.,
                  BY: HMH RIVERS LLC
              HMH WTC LLC,
              HMP CAPITAL VENTURES LLC,
              HMP FINANCIAL SERVICES 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,
              MFR OF ILLINOIS LLC,
              MFR OF VERMONT LLC,
              MFR OF WISCONSIN 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,
              ATLANTA II LIMITED PARTNERSHIP,
                  BY: HMC ATLANTA LLC
              IVY STREET HOTEL LIMITED PARTNERSHIP,
                  BY: ATLANTA II LIMITED PARTNERSHIP
                         BY: HMC ATLANTA LLC
              IVY STREET MPF LLC,
              HMC BURLINGAME II LLC,
              HOST DSM LIMITED PARTNERSHIP,
                  BY: HMC DESERT LLC
              HMC DIVERSIFIED AMERICAN HOTELS, L.P.,
                  BY: HMC DIVERSIFIED LLC
              HMC EAST SIDE LLC,

                                       30
<PAGE>

              HMC PARTNERSHIP PROPERTIES LLC,
              HMC HT LLC,
              HMC JWDC GP LLC,
              HMC JWDC LLC,
              HMC OLS I LLC,
              HMC OLS II L.P.,
                  BY: HMC OLS I LLC
              POTOMAC HOTEL LIMITED PARTNERSHIP,
                  BY: HMC POTOMAC LLC
              HMC RTZ LOAN II LLC,

              By: _____________________________________
                  Name:  Christopher G. Townsend
                  Title:  Senior Vice President and General Counsel
<PAGE>

              TRUSTEE
              -------

              HSBC BANK USA,
              as Trustee

              By: _____________________________________

                  Name:
                  Title:
<PAGE>

                                                                       EXHIBIT A

             FORM OF 9 1/4%[SERIES F] [SERIES G]/1/ SENIOR NOTE

          Unless and until it is exchanged in whole or in part for 9 1/4% 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.

             9 1/4% [SERIES F] [SERIES G]/3/ SENIOR NOTE DUE 2007

                                                     CUSIP No.

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
October 1, 2007. This Security is one of the 9 1/4% [Series F] [Series G] Senior
Notes due 2007 referred to in such Indenture (hereinafter referred to for
purposes of this 9 1/4% Senior Note collectively as the "9 1/4% Securities").

          Interest Payment Dates:   April 1 and October 1

          Record Dates:             March 15 and September 15

_______________________
/1/ Series F should be replaced with Series G in the Exchange Notes.

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

/3/ Series F should be replaced with Series G in the Exchange Notes.

                                      A-1
<PAGE>

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
<PAGE>

                FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION

          This is one of the 9 1/4% Securities of the Series designated therein
referred to in the within-mentioned Indenture.

                                     HSBC BANK USA,
                                     as Trustee

                                     By:______________________________
                                            Authorized Signatory
<PAGE>

                              HOST MARRIOTT, L.P.

             9 1/4% [Series F] [Series G]/4/ Senior Note due 2007

THIS GLOBAL NOTE IS HELD BY THE DEPOSITORY (AS DEFINED IN THE INDENTURE
GOVERNING THIS 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 5.01 OF THE SIXTH SUPPLEMENTAL INDENTURE, (II) THIS GLOBAL
NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 5.01(a) OF
THE SIXTH 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/

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)  AGREES THAT IT WILL NOT RESELL OR OTHERWISE TRANSFER THIS NOTE EXCEPT
(A) TO THE COMPANY OR ANY SUBSIDIARY GUARANTOR WHOLLY OWNED BY THE COMPANY 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
________________________
/4/ Series F should be replaced with Series G in the Exchange Notes.

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

                                      A-4
<PAGE>

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 COMPANY THAT SUCH TRANSFER IS EXEMPT 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), 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

     (2)  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 9 1/4% per annum from October 6, 2000 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 9 1/4%
per annum compounded semi-annually.

          The Company will pay interest semi-annually on April 1 and October 1
of each year (each, an "Interest Payment Date"), commencing April 1, 2001.
Interest on the 9 1/4% Securities will accrue from the most recent date to which
interest has been paid or, if no interest has been paid on the 9 1/4%
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 9 1/4% 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 9 1/4% Securities to a Paying Agent to collect principal payments.
Principal of, premium, if any, and interest on the 9 1/4% Securities will be
payable in United States Dollars at the office or agency of the Company
maintained for such purpose, in the
________________________
/6/ To be included only on Transfer Restricted Notes.

                                      A-5
<PAGE>

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 9 1/4%
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 9 1/4% Securities, but the Company may
require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

3.   Paying Agent and Registrar.
     --------------------------

          Initially, HSBC Bank USA 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 9 1/4% 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 9 1/4%
Securities are limited in aggregate principal amount to $250,000,000. The terms
of the 9 1/4% 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 9 1/4% Securities are subject to all
such terms, and Holders of 9 1/4% Securities are referred to the Indenture and
said Act for a statement of them. The 9 1/4% 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, the Series A Notes, the
Series B Notes, the Series C Notes, the Series E Notes and certain future
Indebtedness of the Company ranking pari passu with the 9 1/4% 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 9 1/4% 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 9 1/4%
Securities

                                      A-6
<PAGE>

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 paragraph 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. The 9 1/4% Securities will not have the
benefit of a sinking fund.

6.   Denominations; Transfer; Exchange.
     ---------------------------------

          The 9 1/4% 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 9 1/4% Securities in accordance with, the
Indenture. The Registrar may require a Holder, among other things, to furnish
appropriate 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 9 1/4% Securities (a) selected for redemption
except the unredeemed portion of any 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 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 9 1/4% 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 9 1/4% Securities, the Company will be discharged
from certain provisions of the Indenture and the 9 1/4% 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 9 1/4%
Securities). Upon satisfaction of certain additional conditions set forth in

                                      A-7
<PAGE>

the Indenture, the Company may elect to have its obligations and the obligations
of the Subsidiary Guarantors discharged with respect to outstanding 9 1/4%
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 9 1/4% 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 9 1/4% 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 shall require the consent of the holders of not less than
66 2/3% of the aggregate principal amount of the 9 1/4% 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 9 1/4% 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 9 1/4% 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
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 9 1/4% 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 9 1/4% 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 9 1/4% Securities purchased by completing the form
entitled "Option of Holder to Elect Purchase" appearing below.

                                      A-8
<PAGE>

          (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 9 1/4% Securities at
100% of the principal 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 9 1/4% 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 Security will be promptly paid in full or performed, all in
accordance with the terms of the Indenture and this Security, and (ii) in the
case of any extension of payment or renewal of this 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 9 1/4% 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 9 1/4% 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 9 1/4% Securities then outstanding may declare
all 9 1/4% Securities to be due and payable immediately in the manner and with
the effect provided in the Indenture. Holders of 9 1/4% Securities may not
enforce the Indenture

                                      A-9
<PAGE>

or the 9 1/4% Securities, except as provided in the Indenture. The Trustee may
require indemnity satisfactory to it before it enforces the Indenture or the
9 1/4% Securities. Subject to certain limitations, Holders of a majority in
principal amount of the then outstanding 9 1/4% Securities may direct the
Trustee in its exercise of any trust or power with respect to such 9 1/4%
Securities. The Trustee may withhold from Holders of 9 1/4% Securities notice of
any continuing Default or 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 9 1/4% 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 9 1/4% 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 9 1/4% Securities pursuant to the Indenture. Each Holder, by accepting
the 9 1/4% Securities, waives and releases all such liability.

18.  Authentication.
     --------------

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

19.  Abbreviations and Defined Terms.
     -------------------------------

          Customary abbreviations may be used in the name of a Holder of a
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.
     -------------

                                     A-10
<PAGE>

          Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company will cause CUSIP numbers to be
printed on the 9 1/4% Securities as a convenience to the Holders of the 9 1/4%
Securities. No representation is made as to the accuracy of such numbers as
printed on the 9 1/4% 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 9 1/4% 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 Sixth
Supplemental Indenture, among the Company, the Subsidiary Guarantors and the
Initial Purchasers.

22.  Governing Law.
     -------------

          THE INDENTURE AND THE 9 1/4% 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-11
<PAGE>

                             [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-12
<PAGE>

                      OPTION OF HOLDER TO ELECT PURCHASE

          If you want to elect to have this Security purchased by the Company
pursuant to Section 4.12 or Article 10 of the Indenture, check the appropriate
box:

[_]  Section 4.12
[_]  Article 10.

          If you want to elect to have only part of this Security purchased by
the Company pursuant to Section 4.12 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-13
<PAGE>

                 SCHEDULE OF EXCHANGES OF CERTIFICATED NOTES/8/

               The following exchanges of a part of this Global Security for
     Certificated Securities have been made:

<TABLE>
<CAPTION>
                            Amount of decrease in    Amount of increase in    Principal Amount of this     Signature of authorized
     Date of Exchange          Principal Amount       Principal Amount of    Global Note following such     officer of Trustee or
                             of this Global Note       this Global Note        decrease (or increase)           Note Custodian
------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>                       <C>                     <C>                           <C>
</TABLE>

____________________________

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

                                     A-14
<PAGE>

                                   EXHIBIT B
                        FORM OF CERTIFICATE OF TRANSFER

Host Marriott, L.P.
10400 Fernwood Road
Bethesda, Maryland 20817
Attention: [       ]

HSBC Bank USA
140 Broadway, 12/th/ Floor
New York, New York 10005-1180
Attention: Corporate Trust Department

          Re: 9 1/4% Series F Senior Notes due 2007

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 HSBC Bank USA (formerly Marine Midland Bank), as
trustee (the "Trustee"), and the Sixth Supplemental Indenture to the Base
Indenture, dated as of October 6, 2000 (the "Sixth 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 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-1
<PAGE>

          (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 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
     Sixth Supplemental Indenture and (2) if such Transfer is in respect of a
     principal amount of Series F 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

                                      B-2
<PAGE>

     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 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 restrictions

                                      B-3
<PAGE>

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-4
<PAGE>

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-5
<PAGE>

                      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-6
<PAGE>

                                   EXHIBIT C
                        FORM OF CERTIFICATE OF EXCHANGE

Host Marriott, L.P.
10400 Fernwood Road
Bethesda, Maryland  20817
Attention:  [              ]

HSBC Bank USA
140 Broadway, 12th Floor
New York, New York  10005-1180
Attention:  Corporate Trust Department

         Re:  9 1/4% Series F Senior Notes due 2007

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 HSBC Bank USA (formerly Marine Midland Bank), as
trustee (the "Trustee"), and the Sixth Supplemental Indenture to the Base
Indenture, dated as of October 6, 2000 (the "Sixth 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 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.

                                      C-1
<PAGE>

[_]                           (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 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

                                      C-2
<PAGE>

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
<PAGE>

                                   EXHIBIT D
                      FORM OF CERTIFICATE FROM ACQUIRING
                       INSTITUTIONAL ACCREDITED INVESTOR

Host Marriott, L.P.
10400 Fernwood Road
Bethesda, Maryland  20817
Attention:  [              ]

HSBC Bank USA
140 Broadway, 12th Floor
New York, New York  10005-1180
Attention:  Corporate Trust Department

         Re:  9 1/4% Series F Senior Notes due 2007

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 HSBC Bank USA (formerly Marine Midland Bank), as
trustee (the "Trustee"), and the Sixth Supplemental Indenture to the Base
Indenture, dated as of October 6, 2000 (the "Sixth 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").

432100.06-New York S7A

                                       D-2

                  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 the Company or any
Subsidiary Guarantor 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 a 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 Security (the form of which can be
obtained from the trustee) and, if such transfer

                                      D-1
<PAGE>

is in respect of an aggregate principal amount of Notes less than $250,000, an
opinion of counsel acceptable to the Company that such transfer is in compliance
with 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), 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 in accordance with the
other provisions of the Private Placement Legend.

                  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:<PAGE>

                                                                   Exhibit 10.39
--------------------------------------------------------------------------------

                         REGISTRATION RIGHTS AGREEMENT

                          Dated as of October 6, 2000

                                 by and among

                             HOST MARRIOTT, L.P.,

                                  as Issuer,

                          the Guarantors named herein

                                      and

                        DEUTSCHE BANK SECURITIES INC.,

                        BANC OF AMERICA SECURITIES LLC,

                           BEAR, STEARNS & CO. INC.,

             DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION,

                             GOLDMAN, SACHS & CO.,

              MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

                      MORGAN STANLEY & CO. INCORPORATED,

                    CREDIT LYONNAIS SECURITIES (USA) INC.,

                          SCOTIA CAPITAL (USA) INC.,

                                      and

                        SG COWEN SECURITIES CORPORATION

                                 as Purchasers

--------------------------------------------------------------------------------
<PAGE>

                         REGISTRATION RIGHTS AGREEMENT

          THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made and
entered into as of October 6, 2000, among HOST MARRIOTT, L.P., a Delaware
limited partnership (the "Issuer"), the Guarantor parties hereto and DEUTSCHE
BANK SECURITIES INC., BANC OF AMERICA SECURITIES LLC, BEAR, STEARNS & CO. INC.,
DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION, GOLDMAN, SACHS & CO.,
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, MORGAN STANLEY & CO.
INCORPORATED, CREDIT LYONNAIS SECURITIES (USA) INC., SCOTIA CAPITAL (USA) INC.
and SG COWEN SECURITIES CORPORATION (collectively, the "Purchasers").

          This Agreement is made pursuant to the Purchase Agreement, dated
September 29, 2000, among the Issuer, the Guarantor parties thereto and the
Purchasers (the "Purchase Agreement"), which provides for the sale by the Issuer
and the Guarantors to the Purchasers of $250,000,000 aggregate principal amount
of 93% Series F Senior Notes due 2007 of the Issuer and the guarantees thereof
by the Guarantors (collectively, the "Securities"). In order to induce the
Purchasers to enter into the Purchase Agreement, the Issuer and the Guarantors
named herein have agreed to provide to the Purchasers and their respective
direct and indirect transferees, among other things, the registration rights for
the Securities set forth in this Agreement. The execution of this Agreement is a
condition to the closing of the transactions contemplated by the Purchase
Agreement.

          The parties hereby agree as follows:

1.   Definitions
     -----------

          As used in this Agreement, the following terms shall have the
following meanings (and, unless otherwise indicated, capitalized terms used
herein without definition shall have the meanings ascribed to them by the
Purchase Agreement):

          Advice: See Section 5.
          ------

          Applicable Period: See Section 2.
          -----------------

                                       1
<PAGE>

          Closing Date: The Closing Date as defined in the Purchase Agreement.
          ------------

          Effectiveness Period: See Section 3.
          --------------------

          Effectiveness Target Date: The 180th day following the Closing Date.
          -------------------------

          Event Date: See Section 4.
          ----------

          Exchange Act: The Securities Exchange Act of 1934, as amended, and the
          ------------
rules and regulations of the SEC promulgated thereunder.

          Exchange Offer: See Section 2.
          --------------

          Exchange Registration Statement: See Section 2.
          -------------------------------

          Exchange Securities: See Section 2.
          -------------------

          Filing Date: The 90th day after the Closing Date.
          -----------

          Guarantors: Subsidiary Guarantors, as defined in the Indenture.
          ----------

          Holder: Any holder of Transfer Restricted Securities.
          ------

          Indenture: The Indenture, dated as of August 5, 1998, among Host
          ---------
Marriott, L.P. (formerly known as HMH Properties, Inc.), Host Marriott
Corporation, the Guarantor parties thereto and Marine Midland Bank (now HSBC
Bank USA), as trustee, as supplemented and amended, pursuant to which the
Securities are being issued, as amended or supplemented from time to time in
accordance with the terms thereof.

          Issuer: See the introductory paragraph of this Agreement.
          ------

          Liquidated Damages: See Section 4.
          ------------------

          Participating Broker-Dealer: See Section 2.
          ---------------------------

          Person: An individual, trustee, corporation, partnership, joint stock
          ------
company, trust, unincorporated association, union, business association, firm or
other legal entity.

                                       2
<PAGE>

          Prospectus: The prospectus included in any Registration Statement
          ----------
(including, without limitation, any prospectus subject to completion and a
prospectus that includes any information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A
promulgated under the Securities Act) as amended or supplemented by any
prospectus supplement, with respect to the terms of the offering of any portion
of the Exchange Securities and/or the Transfer Restricted Securities (as
applicable) covered by such Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such Prospectus.

          Purchasers: See the introductory paragraph to this Agreement.
          ----------

          Registration Default: See Section 4.
          --------------------

          Registration Statement: Any registration statement of the Issuer and
          ----------------------
the Guarantors, including, but not limited to, the Exchange Registration
Statement, that covers any of the Transfer Restricted Securities pursuant to the
provisions of this Agreement, including the Prospectus, amendments and
supplements to such registration statement, including post-effective amendments,
all exhibits, and all material incorporated by reference or deemed to be
incorporated by reference in such registration statement.

          Rule 144A: Rule 144 promulgated pursuant to the Securities Act, as
          ---------
currently in effect, as such rule may be amended from time to time, or any
similar rule or regulation hereafter adopted by the SEC.

          Rule 144A: Rule 144A promulgated pursuant to the Securities Act, as
          ---------
currently in effect, as such rule may be amended from time to time, or any
similar rule or regulation hereafter adopted by the SEC.

          Rule 415: Rule 415 promulgated pursuant to the Securities Act, as such
          --------
rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the SEC.

          SEC: The Securities and Exchange Commission.
          ---

          Securities: See the introductory paragraphs to this Agreement.
          ----------

                                       3
<PAGE>

          Securities Act: The Securities Act of 1933, as amended, and the rules
          --------------
and regulations of the SEC promulgated thereunder.

          Shelf Notice: See Section 2.
          ------------

          Shelf Registration: See Section 3.
          ------------------

          TIA: The Trust Indenture Act of 1939, as amended.
          ---

          Transfer Restricted Securities: The Securities upon original issuance
          ------------------------------
thereof and at all times subsequent thereto, until in the case of any such
Securities (i) a Registration Statement covering such Securities has been
declared effective by the SEC and such Securities have been disposed of in
accordance with such effective Registration Statement, (ii) such Securities have
been transferred in compliance with Rule 144 under the Securities Act (or any
successor provision thereto), or are transferable pursuant to paragraph (k) of
such Rule 144 (or any successor provision thereto), (iii) such Securities have
otherwise been transferred and a new Security not subject to transfer
restrictions under the Securities Act has been delivered by or on behalf of the
Company in accordance with the terms of the Indenture, or (iv) such Securities
cease to be outstanding.

          Trustee: The trustee under the Indenture and, if existent, the trustee
          -------
under any indenture governing the Exchange Securities.

          Underwritten registration or underwritten offering: A registration in
          --------------------------------------------------
which securities of the Issuer or a Guarantor are sold to an underwriter for
reoffering to the public.

2.  Exchange Offer
    --------------

          (a) The Issuer and the Guarantors agree to use their reasonable best
efforts to file with the SEC as soon as practicable after the Closing Date, but
in no event later than the Filing Date, an offer to exchange (the "Exchange
Offer") any and all of the Transfer Restricted Securities for a like aggregate
principal amount of debt securities of the Issuer and the Guarantors which are
substantially identical to the Securities, except that the identity of the
Guarantors may be different from those Subsidiary Guarantors that initially
guaranteed the Securities pursuant to the Indenture so long as the Securities
are at all times guaranteed in compliance with the Indenture

                                       4
<PAGE>

(the "Exchange Securities") (and which are entitled to the benefits of the
Indenture or a trust indenture which is identical to the Indenture (other than
such changes to the Indenture or any such identical trust indenture as are
necessary to comply with any requirements of the SEC to effect or maintain the
qualification thereof under the TIA) and which, in either case, has been
qualified under the TIA), except that the Exchange Securities shall have been
registered pursuant to an effective Registration Statement in compliance with
the Securities Act. The Exchange Offer will be registered pursuant to the
Securities Act on the appropriate form (the "Exchange Registration Statement")
and will comply with all applicable tender offer rules and regulations
promulgated pursuant to the Exchange Act and shall be duly registered or
qualified pursuant to all applicable state securities or Blue Sky laws. The
Exchange Offer shall not be subject to any condition, other than that the
Exchange Offer does not violate any applicable law or interpretation of the
Staff of the SEC. No securities shall be included in the Registration Statement
covering the Exchange Offer other than the Transfer Restricted Securities and
the Exchange Securities. The Issuer and the Guarantors agree to use their
reasonable best efforts to (x) cause the Exchange Registration Statement to
become effective pursuant to the Securities Act on or before the Effectiveness
Target Date; (y) keep the Exchange Offer open for not less than 20 business days
(or such longer period required by applicable law) after the date that the
notice of the Exchange Offer referred to below is mailed to Holders; and (z)
consummate the Exchange Offer within 210 days after the Closing Date. Each
Holder who participates in the Exchange Offer will be required to represent that
any Exchange Securities received by it will be acquired in the ordinary course
of its business, that at the time of the consummation of the Exchange Offer such
Holder will have no arrangement or understanding with any person to participate
in the distribution of the Exchange Securities, and that such Holder is not an
affiliate of the Issuer within the meaning of Rule 405 of the Securities Act (or
that if it is such an affiliate, it will comply with the registration and
prospectus delivery requirements of the Securities Act to the extent
applicable). Each Holder that is not a Participating Broker-Dealer will be
required to represent that it is not engaged in, and does not intend to engage
in, the distribution of the Exchange Securities. Each Holder that is a
Participating Broker-Dealer will be required to acknowledge that it will deliver
a prospectus as required by law in connection with any resale of such Exchange
Securities. Upon consummation of the Exchange Offer in accordance with this
Agreement, the Issuer and the Guarantors shall have no further obligation to
register Transfer Restricted Securities pursuant to Section 3 of this Agreement.

          (b) The Issuer and the Guarantors shall include within the Prospectus
contained in the Exchange Registration Statement a section entitled "Plan

                                       5
<PAGE>

of Distribution," reasonably acceptable to the Purchasers, which shall contain a
summary statement of the positions taken or policies made by the Staff of the
SEC with respect to the potential "underwriter" status of any broker-dealer that
is the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of
Exchange Securities received by such broker-dealer in the Exchange Offer (a
"Participating Broker-Dealer"). Such "Plan of Distribution" section shall also
allow the use of the Prospectus by all persons subject to the prospectus
delivery requirements of the Securities Act, including all Participating Broker-
Dealers, and include a statement describing the means by which Participating
Broker-Dealers may resell the Exchange Securities.

          The Issuer and the Guarantors shall use their reasonable best efforts
to keep the Exchange Registration Statement effective and to amend and
supplement the Prospectus contained therein, in order to permit such Prospectus
to be lawfully delivered by all persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as such persons must
comply with such requirements in order to resell the Exchange Securities;
provided that such period shall not exceed 180 days after consummation of the
--------
Exchange Offer (or such longer period if extended pursuant to the last paragraph
of Section 5) (the "Applicable Period").

          In connection with the Exchange Offer, the Issuer shall:

          (a) mail as promptly as practicable to each Holder a copy of the
     prospectus forming part of the Exchange Offer Registration Statement,
     together with an appropriate letter of transmittal and related documents;

          (b) utilize the services of a Depositary for the Exchange Offer with
     an address in the Borough of Manhattan, The City of New York; and

          (c) permit Holders to withdraw tendered Securities at any time prior
     to the close of business, New York time, on the last business day on which
     the Exchange Offer shall remain open.

          As soon as practicable after the close of the Exchange Offer, the
Issuer and the Guarantors shall:

          (i) accept for exchange all Securities properly tendered and not
     validly withdrawn pursuant to the Exchange Offer;

                                       6
<PAGE>

          (ii)  deliver to the Trustee for cancellation all Securities so
     accepted for exchange; and

          (iii) cause the Trustee to authenticate and deliver promptly to each
     Holder of Securities, Exchange Securities equal in principal amount to the
     Securities of such Holder so accepted for exchange.

          (c)   If (1) prior to the consummation of the Exchange Offer,
applicable interpretations of the Staff of the SEC do not permit the Issuer and
the Guarantors to effect the Exchange Offer as contemplated herein, or (2) the
Exchange Offer is commenced and not consummated within 210 days of the Closing
Date for any reason, then the Issuer shall promptly deliver to the Holders and
the Trustee written notice thereof (the "Shelf Notice") and the Issuer and the
Guarantors shall file a Registration Statement pursuant to Section 3. Following
the delivery of a Shelf Notice to the Holders of Transfer Restricted Securities,
the Issuer and the Guarantors shall not have any further obligation to conduct
the Exchange Offer pursuant to this Section 2, provided that the Issuers and the
                                               --------
Guarantors shall have the right, nonetheless, to proceed to consummate the
Exchange Offer notwithstanding their obligations pursuant to this Section 2(c)
(and, upon such consummation, their obligation to consummate a Shelf
Registration shall terminate).

3.  Shelf Registration
    ------------------

          If a Shelf Notice is delivered as contemplated by Section 2(c), then:

          (a) Shelf Registration. The Issuer and the Guarantors shall use their
              ------------------
reasonable best efforts to prepare and file with the SEC, as promptly as
practicable following the delivery of the Shelf Notice, a Registration Statement
for an offering to be made on a continuous basis pursuant to Rule 415 covering
all of the Transfer Restricted Securities (the "Shelf Registration"). The Shelf
Registration shall be on Form S-1 or another appropriate form permitting
registration of such Transfer Restricted Securities for resale by the Holders in
the manner or manners reasonably designated by them (including, without
limitation, one or more underwritten offerings). The Issuer and the Guarantors
shall not permit any securities other than the Transfer Restricted Securities to
be included in the Shelf Registration. The Issuer and the Guarantors shall use
their reasonable best efforts, as described in Section 5(b), to cause the Shelf
Registration to be declared effective pursuant to the Securities Act as promptly
as practicable following the filing thereof and to keep the Shelf

                                       7
<PAGE>

Registration continuously effective under the Securities Act until the date
which is 24 months from the Closing Date, or such shorter period ending when
either (1) all Transfer Restricted Securities covered by the Shelf Registration
have been sold in the manner set forth and as contemplated in the Shelf
Registration or (2) there ceases to be outstanding any Transfer Restricted
Securities (the "Effectiveness Period").

          (b)   Supplements and Amendments. The Issuer and the Guarantors shall
                --------------------------
use their reasonable best efforts to keep the Shelf Registration Statement
continuously effective by supplementing and amending the Shelf Registration if
required by the rules, regulations or instructions applicable to the
registration form used for such Shelf Registration, if required by the
Securities Act, or if reasonably requested by the holders of a majority in
aggregate principal amount of the Transfer Restricted Securities covered by such
Registration Statement or by any underwriter of such Transfer Restricted
Securities.

4.   Liquidated Damages
     ------------------

          (a)   The Issuer, the Guarantors and the Purchasers agree that the
Holders of Transfer Restricted Securities will suffer damages if the Issuer or
the Guarantors fail to fulfill their obligations pursuant to Section 2 or
Section 3 hereof and that it would not be possible to ascertain the extent of
such damages. Accordingly, in the event of such failure by Issuer or the
Guarantors to fulfill such obligations, the Issuer and the Guarantors hereby
agree to pay liquidated damages ("Liquidated Damages") to each Holder of
Transfer Restricted Securities under the circumstances and to the extent set
forth below:

          (i)   if neither the Exchange Registration Statement nor the Shelf
     Registration has been filed with the SEC on or prior to the Filing Date; or

          (ii)  if neither the Exchange Registration Statement nor the Shelf
     Registration is declared effective by the SEC on or prior to the
     Effectiveness Target Date; or

          (iii) if an Exchange Registration Statement is declared effective by
     the SEC, on or prior to 210 days after the Closing Date, the Issuer and the
     Guarantors have not exchanged Exchange Securities for all Securities
     validly tendered in accordance with the terms of the Exchange Offer; or

                                       8
<PAGE>

          (iv) the Shelf Registration has been declared effective by the SEC and
     such Shelf Registration ceases to be effective or usable at any time during
     the Effectiveness Period, without being succeeded on the same day
     immediately by a post-effective amendment to such Registration Statement
     that cures such failure and that is itself immediately declared effective
     on the same day;

(any of the foregoing, a "Registration Default") then, with respect to the first
90-day period following such Event Date (as defined below), the Issuer and the
Guarantors shall pay to each Holder of Transfer Restricted Securities Liquidated
Damages in an amount equal to $.05 per week per $1,000 principal amount of
Transfer Restricted Securities held by such Holder for each week or portion
thereof that the Registration Default continues. The amount of such Liquidated
Damages will increase by an additional $.05 per week per $1,000 principal amount
of Transfer Restricted Securities with respect to each subsequent 90-day period
until all Registration Defaults have been cured; provided, however, that
                                                 --------  -------
Liquidated Damages shall not at any time exceed $.30 per week per $1,000
principal amount of Transfer Restricted Securities. Following the cure of all
Registration Defaults relating to any Transfer Restricted Securities, the
accrual of Liquidated Damages with respect to such Transfer Restricted
Securities will cease. A Registration Default under clause (i) above shall be
cured on the date that either the Exchange Registration Statement or the Shelf
Registration is filed with the SEC; a Registration Default under clause (ii)
above shall be cured on the date that either the Exchange Registration Statement
or the Shelf Registration is declared effective by the SEC; a Registration
Default under clause (iii) above shall be cured on the earlier of the date (A)
the Exchange Offer is consummated or (B) the Issuer delivers a Shelf Notice to
the Holders of Restricted Securities; and a Registration Default under clause
(iv) above shall be cured on the earlier of (A) the date the Shelf Registration
is declared effective or (B) the Effectiveness Period expires.

          (b)  The Issuer shall notify the Trustee within one business day after
each and every date on which a Registration Default occurs (an "Event Date").
Liquidated Damages shall be paid by the Issuer and the Guarantors to the Holders
by wire transfer of immediately available funds to the accounts specified by
them or by mailing checks to their registered addresses if no such accounts have
been specified on or before the semi-annual interest payment date provided in
the Indenture (whether or not any interest is then payable on the Securities).
Each obligation to pay Liquidated Damages shall be deemed to commence accruing
on the applicable Event Date and to cease accruing when all Registration
Defaults have been cured. In no event shall the Issuer pay Liquidated Damages in
excess of the applicable maximum

                                       9
<PAGE>

weekly amount set forth above, regardless of whether one or multiple
Registration Defaults exist.

          (c) Notwithstanding anything to the contrary in this Section 4,
neither the issuance by the Issuer of a notice (i) of the type set forth in
Section 5(c)(vii) declaring the Shelf Registration to be unusable during the
pendency of the Material Activity (as defined in Section 5(c)(viii)) nor (ii) of
the type set forth in Section 5(c)(ii), 5(c)(iii), 5(c)(iv), 5(c)(v) and
5(c)(vi), shall be deemed to be a Registration Default and no Liquidated Damages
shall be payable or accrue with respect thereto; provided, that in the event the
aggregate number of days in any consecutive twelve-month period for which all
notices referenced above are issued and effective exceeds 30 days, then
Liquidated Damages shall be payable in accordance with Sections 4(a) and 4(b)
above for the number of such days in excess of 30 days in the aggregate.

5.  Registration Procedures
    -----------------------

          In connection with the registration of any Exchange Securities or
Transfer Restricted Securities pursuant to Sections 2 or 3 hereof, the Issuer
and the Guarantors shall effect such registration to permit the sale of such
Exchange Securities or Transfer Restricted Securities (as applicable) in
accordance with the intended method or methods of disposition thereof, and
pursuant thereto the Issuer and the Guarantors shall:

          (a) Prepare and file with the SEC, a Registration Statement or
Registration Statements as prescribed by Section 2 or 3, and to use their
reasonable best efforts to cause such Registration Statement to become effective
and remain effective as provided herein; provided that, if (1) such filing is
                                         --------
pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration
Statement filed pursuant to Section 2 is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange
Securities during the Applicable Period, before filing any Registration
Statement or Prospectus or any amendments or supplements thereto, the Issuer
shall, if requested, furnish to and afford the Holders of the Transfer
Restricted Securities and each such Participating Broker-Dealer, as the case may
be, covered by such Registration Statement, their counsel and the managing
underwriters, if any, a reasonable opportunity to review copies of all such
documents (including copies of any documents to be incorporated by reference
therein and all exhibits thereto) proposed to be filed (at least 3 business days
prior to such filing, or such later date as is reasonable under the
circumstances). The Issuer and the Guarantors shall not file any Registration
Statement or Prospectus or any amendments

                                       10
<PAGE>

or supplements thereto in respect of which the Holders, pursuant to this
Agreement, must be afforded an opportunity to review prior to the filing of such
document, if the Holders of a majority in aggregate principal amount of the
Transfer Restricted Securities covered by such Registration Statement, or such
Participating Broker-Dealer, as the case may be, their counsel, or the managing
underwriters, if any, shall reasonably object.

          (b) Prepare and file with the SEC such amendments and post-effective
amendments to each Shelf Registration or Exchange Registration Statement, as the
case may be, as may be necessary to keep such Registration Statement
continuously effective for the Effectiveness Period or the Applicable Period, as
the case may be, or such shorter period as will terminate when all Transfer
Restricted Securities covered by such Registration Statement have been sold;
cause the related Prospectus to be supplemented by any required Prospectus
supplement, and as so supplemented to be filed pursuant to Rule 424 (or any
similar provisions then in force) under the Securities Act; and comply with the
provisions of the Securities Act, the Exchange Act and the rules and regulations
of the SEC promulgated thereunder applicable to it with respect to the
disposition of all securities covered by such Registration Statement as so
amended or in such Prospectus as so supplemented and with respect to the
subsequent resale of any securities being sold by a Participating Broker-Dealer
covered by any such Prospectus; the Issuer and the Guarantors shall be deemed
not to have used their reasonable best efforts to keep a Registration Statement
effective during the Applicable Period if they voluntarily take any action that
would result in selling Holders of the Transfer Restricted Securities covered
thereby or Participating Broker-Dealers seeking to sell Exchange Securities not
being able to sell such Transfer Restricted Securities or such Exchange
Securities during that period, unless (i) such action is required by applicable
law, or (ii) such action is taken by them in good faith and for valid business
reasons (not including avoidance of their obligations hereunder), including the
acquisition or divestiture of assets.

          (c) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, notify the selling Holders of Transfer Restricted Securities,
or each known Participating Broker-Dealer, as the case may be, their counsel and
the managing underwriters, if any, promptly and confirm such notice in writing,
(i) when a Prospectus or any Prospectus supplement or post-effective amendment
has been filed, and, with respect to a Registration Statement or any post-
effective amendment, when the same has become

                                       11
<PAGE>

effective (including in such notice a written statement that any Holder may,
upon request, obtain, without charge, one conformed copy of such Registration
Statement or post-effective amendment including financial statements and
schedules, documents incorporated or deemed to be incorporated by reference and
exhibits), (ii) of the issuance by the SEC of any stop order suspending the
effectiveness of a Registration Statement or of any order preventing or
suspending the use of any preliminary prospectus or the initiation of any
proceedings for that purpose, (iii) if at any time when a prospectus is required
by the Securities Act to be delivered in connection with sales of the Transfer
Restricted Securities the representations and warranties of the Issuer or any
Guarantor contained in any agreement (including any underwriting agreement)
contemplated by Section 5(l) below cease to be true and correct, (iv) of the
receipt by the Issuer or any Guarantor of any notification with respect to the
suspension of the qualification or exemption from qualification of a
Registration Statement or any of the Transfer Restricted Securities or the
Exchange Securities to be sold by any Participating Broker-Dealer for offer or
sale in any jurisdiction, or the initiation of any proceeding for such purpose,
(v) of the happening of any event or any information becoming known that makes
any statement made in such Registration Statement or related Prospectus or any
document incorporated or deemed to be incorporated therein by reference untrue
in any material respect or that requires the making of any changes in such
Registration Statement, Prospectus or documents so that, in the case of the
Registration Statement, it will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading, and that in the case of
the Prospectus, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading, (vi) of the Issuer's and the Guarantors' reasonable
determination that a post-effective amendment to a Registration Statement would
be appropriate and (vii) if (A) the Issuer is engaged in or proposes to engage
in discussions or negotiations with respect to, or has proposed or taken a
substantial step to commence, or there is otherwise pending, any material
merger, acquisition, tender offer, financing or other transaction (any such
negotiation, step, event or state of facts being herein called a "Material
Activity"), (B) such Material Activity would, in the reasonable opinion of
counsel of the Issuer, require disclosure in a prospectus to be delivered in
connection with the sale of the Transfer Restricted Securities to be sold in
compliance with law, and (C) such disclosure would, in the reasonable judgment
of the Issuer, be adverse to its interests; provided, that the Issuer shall have
no obligation to include in any notice contemplated in (vii) above any reference
to or description of the facts upon which the Issuer is delivering such notice.

                                       12
<PAGE>

          (d) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, use its best efforts to prevent the issuance of any order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of a Prospectus or suspending the qualification
(or exemption from qualification) of any of the Transfer Restricted Securities
or the Exchange Securities (as applicable) to be sold by any Participating
Broker-Dealer, for sale in any jurisdiction, and, if any such order is issued,
to use their reasonable best efforts to obtain the withdrawal of any such order
at the earliest possible moment.

          (e) If a Shelf Registration is filed pursuant to Section 3 and if
requested by the managing underwriters, if any, or the Holders of a majority in
aggregate principal amount of the Transfer Restricted Securities being sold in
connection with an underwritten offering, (i) promptly incorporate in a
prospectus supplement or post-effective amendment such information as the
managing underwriters, if any, or such Holders or counsel reasonably request to
be included therein, (ii) make all required filings of such prospectus
supplement or such post-effective amendment as soon as practicable after the
Issuer has received notification of the matters to be incorporated in such
prospectus supplement or post-effective amendment, and (iii) supplement or make
amendments to such Registration Statement with such information as the managing
underwriter, if any, or such Holders or counsel reasonably request to be
included therein.

          (f) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, furnish to each selling Holder of Transfer Restricted
Securities and to each such Participating Broker-Dealer who so requests and to
counsel and each managing underwriter, if any, without charge, one conformed
copy of the Registration Statement or Registration Statements and each post-
effective amendment thereto, including financial statements and schedules, and,
if requested, all documents incorporated or deemed to be incorporated therein by
reference and all exhibits.

          (g) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section

                                       13
<PAGE>

2 is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Securities during the Applicable
Period, deliver to each selling Holder of Transfer Restricted Securities, or
each such Participating Broker-Dealer, as the case may be, their counsel, and
the underwriters, if any, without charge, as many copies of the Prospectus or
Prospectuses (including each form of preliminary prospectus) and each amendment
or supplement thereto and any documents incorporated by reference therein as
such Persons may reasonably request; and, subject to the last paragraph of this
Section 5, the Issuer and the Guarantors hereby consent to the use of such
Prospectus and each amendment or supplement thereto by each of the selling
Holders of Transfer Restricted Securities or each such Participating Broker-
Dealer, as the case may be, and the underwriters or agents, if any, and dealers
(if any), in connection with the offering and sale of the Transfer Restricted
Securities covered by or the sale by Participating Broker-Dealers of the
Exchange Securities pursuant to such Prospectus and any amendment or supplement
thereto.

          (h) Prior to any public offering of Transfer Restricted Securities or
any delivery of a Prospectus contained in the Exchange Registration Statement by
any Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, to use its reasonable best efforts to register or qualify,
and to cooperate with the selling Holders of Transfer Restricted Securities or
each such Participating Broker-Dealer, as the case may be, the underwriters, if
any, and their respective counsel in connection with the registration or
qualification (or exemption from such registration or qualification) of such
Transfer Restricted Securities for offer and sale under the securities or Blue
Sky laws of such jurisdictions as any selling Holder, Participating Broker-
Dealer, or the managing underwriters reasonably request in writing, provided
                                                                    --------
that where Exchange Securities held by Participating Broker-Dealers or Transfer
Restricted Securities are offered other than through an underwritten offering,
the Issuer and the Guarantors agree to cause their counsel to perform Blue Sky
investigations and file registrations and qualifications required to be filed
pursuant to this Section 5(h); keep each such registration or qualification (or
exemption therefrom) effective during the period such Registration Statement is
required to be kept effective and do any and all other acts or things reasonably
necessary or advisable to enable the disposition in such jurisdictions of the
Exchange Securities held by Participating Broker-Dealers or the Transfer
Restricted Securities covered by the applicable Registration Statement; provided
                                                                        --------
that the Issuer and the Guarantors shall not be required to (A) qualify
generally to do business in any jurisdiction where they are not then so
qualified, (B) take any action that would subject them to general service of
process in any such jurisdiction where they are not then so

                                       14
<PAGE>

subject or (C) subject themselves to taxation in excess of a nominal dollar
amount in any such jurisdiction.

          (i) If a Shelf Registration is filed pursuant to Section 3, cooperate
with the selling Holders of Transfer Restricted Securities and the managing
underwriters, if any, to facilitate the timely preparation and delivery of
certificates representing Transfer Restricted Securities to be sold, which
certificates shall not bear any restrictive legends and shall be in a form
eligible for deposit with The Depository Trust Company, and enable such Transfer
Restricted Securities to be in such denominations and registered in such names
as the managing underwriters, if any, or Holders may reasonably request.

          (j) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, upon the occurrence of any event contemplated by paragraph
5(c) (v) or 5(c) (vi) above, as promptly as practicable prepare and (subject to
Section 5(a) above) file with the SEC, at the expense of the Issuer and the
Guarantors, a supplement or post-effective amendment to the Registration
Statement or a supplement to the related Prospectus or any document incorporated
or deemed to be incorporated therein by reference, or file any other required
document so that, as thereafter delivered to the purchasers of the Transfer
Restricted Securities being sold thereunder or to the purchasers of the Exchange
Securities to whom such Prospectus will be delivered by a Participating Broker-
Dealer, any such Prospectus will not contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they
were made, not misleading.

          (k) Prior to the effective date of the first Registration Statement
relating to the Transfer Restricted Securities, (i) provide the Trustee with
certificates for the Transfer Restricted Securities in a form eligible for
deposit with The Depository Trust Company and (ii) provide a CUSIP number for
the Transfer Restricted Securities.

          (l) In connection with an underwritten offering of Transfer Restricted
Securities pursuant to a Shelf Registration, enter into an underwriting
agreement as is customary in underwritten offerings and take all such other
actions as are reasonably requested by the managing underwriters in order to
expedite or

                                       15
<PAGE>

facilitate the registration or the disposition of such Transfer Restricted
Securities, and in such connection, (i) make such representations and warranties
to the underwriters, with respect to the business of the Issuer, the Guarantors
and their subsidiaries and the Registration Statement, Prospectus and documents,
if any, incorporated or deemed to be incorporated by reference therein, in each
case, as are customarily made by issuers to underwriters in underwritten
offerings, and confirm the same if and when requested; (ii) obtain opinions of
counsel to the Issuer and Guarantors and updates thereof in form and substance
reasonably satisfactory to the managing underwriters, addressed to the
underwriters covering the matters customarily covered in opinions requested in
underwritten offerings and such other matters as may be reasonably requested by
underwriters; (iii) obtain "cold comfort" letters and updates thereof in form
and substance reasonably satisfactory to the managing underwriters from the
independent certified public accountants of the Issuer and the Guarantors (and,
if necessary, any other independent certified public accountants of any
subsidiary of the Issuer or the Guarantors or of any business acquired by any of
them for which financial statements and financial data are, or are required to
be, included in the Registration Statement), addressed to each of the
underwriters, such letters to be in customary form and covering matters of the
type customarily covered in "cold comfort" letters in connection with
underwritten offerings and such other matters as are reasonably requested by
underwriters as permitted by Statement on Auditing Standards No. 72; and (iv) if
an underwriting agreement is entered into, the same shall contain
indemnification provisions and procedures no less favorable than those set forth
in Section 7 hereof (or such other provisions and procedures acceptable to
Holders of a majority in aggregate principal amount of Transfer Restricted
Securities covered by such Registration Statement and the managing underwriters
or agents) with respect to all parties to be indemnified pursuant to said
Section. The above shall be done at each closing under such underwriting
agreement, or as and to the extent required thereunder.

          (m) If (1) a Shelf Registration is filed pursuant to Section 3, or (2)
a Prospectus contained in an Exchange Registration Statement filed pursuant to
Section 2 is required to be delivered under the Securities Act by any
Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period, make available for inspection by any selling Holder of such
Transfer Restricted Securities being sold, or each such Participating Broker-
Dealer, as the case may be, any underwriter participating in any such
disposition of Transfer Restricted Securities, if any, and any attorney,
accountant or other agent retained by any such selling Holder or each such
Participating Broker-Dealer, as the case may be, or underwriter (collectively,
the "Inspectors"), at the offices where normally kept, during reasonable

                                       16
<PAGE>

business hours, all financial and other records, pertinent corporate documents
and properties of the Issuer, the Guarantors and their subsidiaries
(collectively, the "Records") as shall be reasonably necessary to enable them to
exercise any applicable due diligence responsibilities, and cause the officers,
directors and employees of the Issuer, the Guarantors and their subsidiaries to
supply all information in each case reasonably requested by any such Inspector
in connection with such Registration Statement. Records which the Issuer
determines, in good faith, to be confidential and any Records which it notifies
the Inspectors are confidential shall not be disclosed by the Inspectors, unless
(i) the disclosure of such Records is necessary to avoid or correct a
misstatement or omission in such Registration Statement, (ii) the release of
such Records is ordered pursuant to a subpoena or other order from a court of
competent jurisdiction or (iii) the information in such Records has been made
generally available to the public.

          (n) Provide an indenture trustee for the Transfer Restricted
Securities or the Exchange Securities, as the case may be, and cause the
Indenture to be qualified under the TIA not later than the effective date of the
Exchange Offer or the first Registration Statement relating to the Transfer
Restricted Securities; and in connection therewith, cooperate with the trustee
under any such indenture and the holders of the Transfer Restricted Securities,
to effect such changes to such indenture as may be required for such indenture
to be so qualified in accordance with the terms of the TIA; and execute, and use
its best efforts to cause such trustee to execute, all documents as may be
required to effect such changes, and all other forms and documents required to
be filed with the SEC to enable such indenture to be so qualified in a timely
manner.

          (o) Comply with all applicable rules and regulations of the SEC and,
as soon as reasonably practicable, make generally available to its
securityholders consolidated earnings statements of the Issuer (including a
condensed consolidating footnote if required under SEC rules) (which need not be
certified by an independent public accountant) that satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 thereunder.

          (p) If an Exchange Offer is to be consummated, upon delivery of the
Transfer Restricted Securities by Holders to the Issuer (or to such other Person
as directed by the Issuer) in exchange for the Exchange Securities, the Issuer
and the Guarantors shall mark, or cause to be marked, on such Transfer
Restricted Securities that such Transfer Restricted Securities are being
cancelled in exchange for the

                                       17
<PAGE>

Exchange Securities; in no event shall such Transfer Restricted Securities be
marked as paid or otherwise satisfied.

          (q) Cooperate with each seller of Transfer Restricted Securities
covered by any Registration Statement and each underwriter, if any,
participating in the disposition of such Transfer Restricted Securities and
their respective counsel in connection with any filings required to be made with
the National Association of Securities Dealers, Inc. (the "NASD").

          (r) Use their best efforts to take all other steps necessary to effect
the registration of the Transfer Restricted Securities covered by a Registration
Statement contemplated hereby.

          (s) Use their best efforts to cause the Transfer Restricted Securities
or the Exchange Securities, as applicable, covered by an effective registration
statement required by Section 2 or Section 3 hereof to be rated with the
appropriate rating agencies, if so requested by the Holders of a majority in
aggregate principal amount of Transfer Restricted Securities relating to such
registration statement or the managing underwriters in connection therewith, if
any.

          The Issuer may require each seller of Transfer Restricted Securities
or Participating Broker-Dealer as to which any registration is being effected to
furnish to the Issuer such information regarding such seller or Participating
Broker-Dealer and the distribution of such Transfer Restricted Securities or
Exchange Securities to be sold by such Participating Broker-Dealer, as the case
may be, as the Issuer may, from time to time, reasonably request. The Issuer may
exclude from such registration the Transfer Restricted Securities of any seller
or Participating Broker-Dealer who fails to furnish such information within a
reasonable time after receiving such request.

          Each Holder of Transfer Restricted Securities and each Participating
Broker-Dealer agrees by acquisition of such Transfer Restricted Securities or
Exchange Securities to be sold by such Participating Broker-Dealer, as the case
may be, that, upon receipt of any notice from the Issuer of the happening of any
event of the kind described in Section 5(c) (ii), 5(c) (iv), 5(c) (v), 5 (c)
(vi) or 5(c)(vii), such Holder will forthwith discontinue disposition of such
Transfer Restricted Securities covered by such Registration Statement or
Prospectus or Exchange Securities to be sold by such Participating Broker-
Dealer, as the case may be, until such holder's receipt of the copies of the
supplemented or amended Prospectus contemplated by Section 5(j), or until it is
advised in writing (the "Advice") by the Issuer that the use

                                       18
<PAGE>

of the applicable Prospectus may be resumed, and has received copies of any
amendments or supplements thereto; provided, that in the case of an event of the
kind described in Section 5(c)(vii), the Issuer may only cause such
discontinuing of dispositions for any number of periods not to exceed 30 days in
the aggregate in any consecutive 12-month period.

6   Registration Expenses
    ---------------------

          (a) All fees and expenses incident to the performance of or compliance
with this Agreement by the Issuer shall be borne by the Issuer and the
Guarantors, whether or not the Exchange Offer or a Shelf Registration is filed
or becomes effective, including, without limitation, (i) all registration and
filing fees (including, without limitation, (A) fees with respect to filings
required to be made with the NASD in connection with an underwritten offering
and (B) fees and expenses of compliance with state securities or Blue Sky laws
(including, without limitation, reasonable fees and disbursements of counsel in
connection with Blue Sky qualifications of the Transfer Restricted Securities or
Exchange Securities and determination of the eligibility of the Transfer
Restricted Securities or Exchange Securities for investment under the laws of
such jurisdictions (x) where the Holders of Transfer Restricted Securities are
located, in the case of the Exchange Securities, or (y) as provided in Section
5(h), in the case of Transfer Restricted Securities or Exchange Securities to be
sold by a Participating Broker-Dealer during the Applicable Period)), (ii)
printing expenses (including, without limitation, expenses of printing
certificates for Transfer Restricted Securities or Exchange Securities in a form
eligible for deposit with The Depository Trust Company and of printing
prospectuses if the printing of prospectuses is requested by the managing
underwriters, if any, or, in respect of Transfer Restricted Securities or
Exchange Securities to be sold by any Participating Broker-Dealer during the
Applicable Period, by the Holders of a majority in aggregate principal amount of
the Transfer Restricted Securities included in any Registration Statement or of
such Exchange Securities, as the case may be), (iii) messenger, telephone and
delivery expenses, (iv) fees and disbursements of counsel for the Issuer and the
Guarantors, (v) fees and disbursements of all independent certified public
accountants referred to in Section 5(1) (iii) (including, without limitation,
the expenses of any special audit and "cold comfort" letters required by or
incident to such performance), (vi) the fees and expenses of any "qualified
independent underwriter" or other independent appraiser participating in an
offering pursuant to Section 3 of Schedule E to the By-laws of the NASD, (vii)
rating agency fees, (viii) Securities Act liability insurance, if the Issuer and
the Guarantors desire such insurance, (ix) fees and expenses of all other
Persons retained by the Issuer and the Guarantors, (x) internal

                                       19
<PAGE>

expenses of the Issuer and the Guarantors (including, without limitation, all
salaries and expenses of officers and employees of the Issuer and the Guarantors
performing legal or accounting duties), (xi) the expense of any audit, (xii) the
fees and expenses incurred in connection with the listing of the securities to
be registered on any securities exchange and (xiii) the expenses relating to
printing, word processing and distributing all Registration Statements,
underwriting agreements, securities sales agreements, and indentures. Nothing
contained in this Section 6 shall create an obligation on the part of the Issuer
or any Guarantor to pay or reimburse any Holder for any underwriting commission
or discount attributable to any such Holder's Transfer Restricted Securities
included in an underwritten offering pursuant to a Registration Statement filed
in accordance with the terms of this Agreement, or to guarantee such Holder any
profit or proceeds from the sale of such Securities.

          (b)  In connection with any Shelf Registration hereunder, the Issuer
and the Guarantors shall reimburse the Holders of the Transfer Restricted
Securities being registered in such registration for the reasonable fees and
disbursements of not more than one counsel (in addition to appropriate local
counsel) chosen by the Holders of a majority in aggregate principal amount of
the Transfer Restricted Securities to be included in such Registration Statement
and other reasonable out-of-pocket expenses of the Holders of Transfer
Restricted Securities reasonably incurred in connection with the registration of
the Transfer Restricted Securities.

7    Indemnification
     ---------------

          The Issuer and the Guarantors agree to indemnify and hold harmless (i)
each of the Purchasers, each Holder of Transfer Restricted Securities, each
Holder of Exchange Securities, each Participating Broker-Dealer, (ii) each
person, if any, who controls (within the meaning of Section 15 of the 1933 Act
or Section 20 of the 1934 Act) any such Person (any of the persons referred to
in this clause (ii) being hereinafter referred to as a "controlling person"),
and (iii) the respective officers, directors, partners, employees,
representatives and agents of any of such Person or any controlling person (any
person referred to in clause (i), (ii) or (iii) may hereinafter be referred to
as an "Indemnified Person") to the fullest extent lawful, from and against any
and all losses, claims, damages, liabilities, judgments, actions and expenses
(including without limitation, and as incurred, reimbursement of all reasonable
costs of investigating, preparing, pursuing or defending any claim or action, or
any investigation or proceeding by any governmental agency or body, commenced or
threatened, including the reasonable fees and expenses of counsel to any
Indemnified Person) directly or indirectly caused by, related to, based upon,

                                       20
<PAGE>

arising out of or in connection with any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement or
Prospectus (as amended or supplemented if the Issuer shall have furnished any
amendments or supplements thereto) or any preliminary prospectus, or caused by,
arising out of or based upon any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading, except insofar as such losses, claims, damages or liabilities are
caused by (i) any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with information relating to
any Indemnified Person furnished to the Issuer or any underwriter in writing by
such Indemnified Person expressly for use therein, or (ii) any untrue statement
contained in or omission from a preliminary prospectus if a copy of the
Prospectus (as then amended or supplemented, if the Issuer shall have furnished
to or on behalf of the Holder participating in the distribution relating to the
relevant Registration Statement any amendments or supplements thereto) was not
sent or given by or on behalf of such Holder to the person asserting any such
losses, liabilities, claims, damages or expenses who purchased Securities, if
such is required by law at or prior to the written confirmation of the sale of
such Securities to such person and the untrue statement contained in or omission
from such preliminary prospectus was corrected in the Prospectus (or the
Prospectus as amended or supplemented). The Issuer and the Guarantors shall
notify the Holders promptly of the institution, threat or assertion of any
claim, proceeding (including any governmental investigation) or litigation of
which it or they shall have become aware in connection with the matters
addressed by this Agreement which involves the Issuer, any Guarantor or an
Indemnified Person.

          In connection with any Registration Statement in which an Indemnified
Person is participating, such Indemnified Person agrees, severally and not
jointly, to indemnify and hold harmless the Issuer, each Guarantor and their
directors and officers and each person who controls the Issuer and the
Guarantors within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act to the same extent as the foregoing indemnity from the
Issuer and the Guarantors to each Indemnified Person, but only with reference to
information relating to such Indemnified Person furnished to the Issuer in
writing by such Indemnified Person expressly for use in any Registration
Statement or Prospectus, any amendment or supplement thereto, or any preliminary
prospectus. The liability of any Indemnified Person pursuant to this paragraph
shall in no event exceed the net proceeds received by such Indemnified Person
from sales of Transfer Restricted Securities giving rise to such obligations.

                                       21
<PAGE>

          If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any person in respect of which indemnity may be sought pursuant to either of the
two preceding paragraphs, such person (the "indemnified party") shall promptly
notify the person against whom such indemnity may be sought (the "indemnifying
person") in writing, and the indemnifying person, upon request of the
indemnified party, shall retain counsel reasonably satisfactory to the
indemnified party to represent the indemnified party and any others the
indemnifying person may reasonably designate in such proceeding and shall pay
the reasonable fees and expenses actually incurred by such counsel related to
such proceeding. In any such proceeding, any indemnified party shall have the
right to retain its own counsel, but the fees and expenses of such counsel shall
be at the expense of such indemnified party, unless (i) the indemnifying person
and the indemnified party shall have mutually agreed in writing to the contrary,
(ii) the indemnifying person failed promptly to assume the defense and employ
counsel reasonably satisfactory to the indemnified party or (iii) the named
parties to any such action (including any impleaded parties) include both such
indemnified party and the indemnifying person, or any affiliate of the
indemnifying person and such indemnified party shall have been reasonably
advised by counsel that either (x) there may be one or more legal defenses
available to it which are different from or additional to those available to the
indemnifying person or such affiliate of the indemnifying person or (y) a
conflict may exist between such indemnified party and the indemnifying person or
such affiliate of the indemnifying person (in which case the indemnifying person
shall not have the right to assume the defense of such action on behalf of such
indemnified party), it being understood, however, that the indemnifying person
shall not, in connection with any one such action or separate but substantially
similar or related actions in the same jurisdiction arising out of the same
general allegations or circumstances, be liable for the fees and expenses of
more than one separate firm of attorneys (in addition to any local counsel) for
all such indemnified parties, which firm shall be designated in writing by
indemnified parties who sold a majority in interest of Transfer Restricted
Securities sold by all such indemnified parties and any such separate firm for
the Issuer and the Guarantors, their directors, their officers and such control
persons of the Issuer and the Guarantors shall be designated in writing by the
Issuer. The indemnifying person shall not be liable for any settlement of any
proceeding effected without its written consent, but if settled with such
consent or if there be a final judgment for the plaintiff, the indemnifying
person agrees to indemnify any indemnified party from and against any loss or
liability by reason of such settlement or judgment. No indemnifying person
shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened proceeding in respect of which any
indemnified party is or could have been a party

                                       22
<PAGE>

and indemnity could have been sought hereunder by such indemnified party, unless
such settlement includes an unconditional release of such indemnified party from
all liability on claims that are the subject matter of such proceeding.

          If the indemnification provided for in the first and second paragraphs
of this Section 7 is unavailable to an indemnified party in respect of any
losses, claims, damages, liabilities, or expenses referred to therein (other
than by reason of the exceptions provided therein), then each indemnifying
person under such paragraphs, in lieu of indemnifying such indemnified party
thereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such losses, claims, damages, liabilities, or expenses (i)
in such proportion as is appropriate to reflect the relative fault of the
indemnified party on the one hand and the indemnifying person(s) on the other in
connection with the statements or omissions that resulted in such losses,
claims, damages, liabilities, or expenses or (ii) if the allocation provided by
clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
above but also the relative fault of the indemnifying person(s) and the
indemnified party, as well as any other relevant equitable considerations. The
relative fault of the Issuer and the Guarantors on the one hand and any
Indemnified Persons on the other shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to
information supplied by the Issuer and the Guarantors or by such Indemnified
Persons and the parties' relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.

          The parties agree that it would not be just and equitable if
contribution pursuant to this Section 7 were determined by pro rata allocation
                                                           --- ----
(even if such indemnified parties were treated as one entity for such purpose)
or by any other method of allocation that does not take account of the equitable
considerations referred to in the immediately preceding paragraph.  The amount
paid or payable by an indemnified party as a result of the losses, claims,
damages and liabilities referred to in the immediately preceding paragraph shall
be deemed to include, subject to the limitations set forth above, any reasonable
legal or other expenses actually incurred by such indemnified party in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 7, in no event shall an
Indemnified Person be required to contribute any amount in excess of the amount
by which proceeds received by such Indemnified Person from sales of Transfer
Restricted Securities exceeds the amount of any damages that such Indemnified
Person

                                       23
<PAGE>

has otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

          The indemnity and contribution agreements contained in this Section 7
will be in addition to any liability which the indemnifying persons may
otherwise have to the indemnified parties referred to above. The Indemnified
Persons' obligations to contribute pursuant to Section 7 are several in
proportion to the respective principal amount of Securities sold by each of the
Indemnified Persons hereunder and not joint.

8    Rules 144 and 144A
     ------------------

          The Issuer and the Guarantors covenant that they will file the reports
required to be filed by them pursuant to the Securities Act and the Exchange Act
and the rules and regulations adopted by the SEC thereunder in a timely manner
and, if at any time the Issuer and the Guarantors are not required to file such
reports, they will, upon the request of any Holder of Transfer Restricted
Securities, make available information required by Rules 144 and 144A under the
Securities Act in order to permit sales pursuant to Rule 144 and Rule 144A. The
Issuer and the Guarantors further covenant that they will take such further
action as any Holder of Transfer Restricted Securities may reasonably request,
all to the extent required from time to time to enable such Holder to sell
Transfer Restricted Securities without registration under the Securities Act
within the limitation of the exemptions provided by (a) Rule 144 and Rule 144A
under the Act, as such Rules may be amended from time to time, or (b) any
similar rule or regulation hereafter adopted by the SEC.

9    Underwritten Registrations
     --------------------------

          (a)  If any of the Transfer Restricted Securities covered by any Shelf
Registration are to be sold in an underwritten offering, the investment banker
or investment bankers and manager or managers that will manage the offering will
be selected by the Holders of a majority in aggregate principal amount of such
Transfer Restricted Securities included in such offering and reasonably
acceptable to the Issuer.

          No Holder of Transfer Restricted Securities may participate in any
underwritten registration hereunder, unless such Holder (a) agrees to sell such

                                       24
<PAGE>

Holder's Transfer Restricted Securities on the basis provided in any
underwriting arrangements approved by the Persons entitled hereunder to approve
such arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.

          (b)  Each Holder of Transfer Restricted Securities agrees, if
requested (pursuant to a timely written notice) by the managing underwriters in
an underwritten offering or placement agent in a private offering of the
Company's or the Guarantors' debt securities, not to effect any private sale or
distribution (including a sale pursuant to Rule 144(k) and Rule 144A, but
excluding nonpublic sales to any of its affiliates, officers, directors,
employees and controlling persons) of any of the Securities except pursuant to
an Exchange Offer, during the period beginning 10 days prior to, and ending 90
days after, the closing date of the underwritten offering.

          The foregoing provisions shall not apply to any holder of Transfer
Restricted Securities if such holder is prevented by applicable statute or
regulation from entering into any such agreement.

          The Issuer and the Guarantors agree without the written consent of the
managing underwriters in an underwritten offering of Transfer Restricted
Securities covered by a Registration Statement filed pursuant to Section 3
hereof, not to effect any public or private sale or distribution of its
respective debt securities, including a sale pursuant to Regulation D or Rule
144A under the Securities Act, during the period beginning 10 days prior to, and
ending 90 days after, the closing date of each underwritten offering made
pursuant to such Registration Statement (provided, however, that such period
                                         --------  -------
shall be extended by the number of days from and including the date of the
giving of any notice pursuant to Section 5(c) (v) or (c) (vi) hereof to and
including the date when each seller of Transfer Restricted Securities covered by
such Registration Statement shall have received the copies of the supplemented
or amended Prospectus contemplated by Section 5(j) hereof).

10   Miscellaneous
     -------------

          (a)  Remedies.  In the event of a breach by the Issuer of any of its
               --------
obligations under this Agreement, each Holder of Transfer Restricted Securities,
in addition to being entitled to exercise all rights provided herein, in the
Indenture or, in the case of the Purchasers, in the Purchase Agreement, or
granted by law, including recovery of damages, will be entitled to specific
performance of its rights under this

                                       25
<PAGE>

Agreement. The Issuer and the Guarantors agree that monetary damages would not
be adequate compensation for any loss incurred by reason of a breach by them of
any of the provisions of this Agreement and hereby further agree that, in the
event of any action for specific performance in respect of such breach, they
shall waive the defense that a remedy at law would be adequate.

          (b)  No Inconsistent Agreements.  The Issuer and the Guarantors have
               --------------------------
not, as of the date hereof, and they shall not, after the date of this
Agreement, enter into any agreement with respect to any of their respective
securities that is inconsistent with the rights granted to the Holders of
Transfer Restricted Securities in this Agreement or otherwise conflicts with the
provisions hereof.  The Issuer and the Guarantors have not entered, and will not
enter, into any agreement with respect to any of their respective securities
which will grant to any Person piggy-back registration rights with respect to a
Registration Statement.

          (c)  Amendments and Waivers.  The provisions of this Agreement,
               ----------------------
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the Issuer has obtained the written consent of Holders
of at least a majority of the then outstanding aggregate principal amount of
Transfer Restricted Securities.  Notwithstanding the foregoing, a waiver or
consent to depart from the provisions hereof with respect to a matter that
relates exclusively to the rights of Holders of Transfer Restricted Securities
whose securities are being sold pursuant to a Registration Statement and that
does not directly or indirectly affect, impair, limit or compromise the rights
of other Holders of Transfer Restricted Securities may be given by Holders of at
least a majority in aggregate principal amount of the Transfer Restricted
Securities being sold by such Holders pursuant to such Registration Statement;

provided that the provisions of this sentence may not be amended, modified or
--------
supplemented except in accordance with the provisions of the immediately
preceding sentence.

          (d)  Notices.  All notices and other communications (including without
               -------
limitation any notices or other communications to the Trustee) provided for or
permitted hereunder shall be made in writing by hand-delivery, registered first-
class mail, next-day air courier or telecopier:

          (i)  if to a Holder of Transfer Restricted Securities, at the most
     current address given by the Trustee to the Issuer; and

                                       26
<PAGE>

          (ii) if to the Issuer or the Guarantors, 10400 Fernwood Road,
     Bethesda, Maryland 20817, Attention: Christopher G. Townsend, Senior Vice
     President and General Counsel.

          All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; five business days after
being deposited in the mail, postage prepaid, if mailed; one business day after
being timely delivered to a next-day air courier; and when receipt is
acknowledged by the addressee, if telecopied.

          Copies of all such notices, demands or other communications shall be
concurrently delivered by the Person giving the same to the Trustee under the
Indenture at the address specified in such Indenture.

          (e)  Successors and Assigns.  This Agreement shall inure to the
               ----------------------
benefit of and be binding upon the successors and assigns of each of the
parties, including without limitation and without the need for an express
assignment, subsequent Holders of Transfer Restricted Securities. The Issuer and
the Guarantors agree that the Holders of the Securities shall be third party
creditor beneficiaries to the agreements made hereunder by the Purchasers and
the Issuer, the Guarantors and each Holder shall have the right to enforce such
agreements directly to the extent it deems such enforcement necessary or
advisable to protect its rights hereunder.

          (f)  Counterparts.  This Agreement may be executed in any number of
               ------------
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

          (g)  Headings.  The headings in this Agreement are for convenience of
               --------
reference only and shall not limit or otherwise affect the meaning hereof.

          (h)  Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
               -------------
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS
MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW.  EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO THE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT.

                                       27
<PAGE>

          (i)  Severability.  If any term, provision, covenant or restriction of
               ------------
this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction.  It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

          (j)  Entire Agreement.  This Agreement, together with the Purchase
               ----------------
Agreement, is intended by the parties as a final expression of their agreement,
and is intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained
herein and therein.

          (k)  Securities Held by the Issuer, the Guarantors, or Its Affiliates.
               ----------------------------------------------------------------
Whenever the consent or approval of Holders of a specified percentage of
Transfer Restricted Securities is required hereunder, Transfer Restricted
Securities held by the Issuer, the Guarantors, or their affiliates (as such term
is defined in Rule 405 under the Securities Act) shall not be counted in
determining whether such consent or approval was given by the Holders of such
required percentage.

          (l)  Guarantor Information.  The Issuer and the Guarantors shall
               ---------------------
prepare and furnish in any Exchange Registration Statement, Shelf Registration
or other document such information, including historical and pro forma financial
information, concerning each Guarantor as may be required by applicable
securities laws, accounting guidelines, or rules and regulations of applicable
securities regulatory authorities, including the SEC, in order to have any
Registration Statement to be filed pursuant to this Agreement filed, declared
and kept effective as contemplated by this Agreement.  Each of the Issuer and
each Guarantor agrees that the preparing and furnishing of such information
within the time periods contemplated in this Agreement constitute "reasonable
efforts" on such person's part for all purposes of this Agreement.

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

                                       28
<PAGE>

          ISSUER
          ------

          HOST MARRIOTT, L.P.

          By:______________________________
             Name:  Christopher G. Townsend
             Title:  Senior Vice President and General Counsel

          GUARANTORS
          ----------

          AIRPORT HOTELS LLC,
          HOST OF BOSTON, LTD.,
          HOST OF HOUSTON, LTD,
          HOST OF HOUSTON 1979,
          CHESAPEAKE FINANCIAL SERVICES LLC,
          CITY CENTER INTERSTATE PARTNERSHIP 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 CALIFORNIA LEASING LLC,
          HMC CAPITAL LLC,
          HMC CAPITAL RESOURCES LLC,
          HMC PARK RIDGE LLC,
          HMC PARK RIDGE II LLC,
          HMC PARK RIDGE LP,
               BY: HMC PARK RIDGE LLC
          HMC PARTNERSHIP HOLDINGS LLC,
          HOST PARK RIDGE LLC,
          HMC SUITES LLC,
          HMC SUITES LIMITED PARTNERSHIP,
               BY: HMC SUITES LLC
          PRM LLC,
<PAGE>

          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,
          MDSM FINANCE LLC,
          HMC DIVERSIFIED 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 HOLDING 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 RTZ LOAN I LLC,
          HMC RTZ LOAN LIMITED PARTNERSHIP,
               BY: HMC RTZ LOAN I LLC
          HMC RTZ II LLC,
          HMC SBM TWO LLC,
<PAGE>

          HMC SEATTLE LLC,
          HMC SFO LLC,
          HMC SWISS HOLDINGS LLC,
          HMC WATERFORD LLC,
          HMH GENERAL PARTNER HOLDINGS LLC,
          HMH NORFOLK LLC,
          HMH NORFOLK, L.P.,
               BY: HMH NORFOLK LLC
          HMH PENTAGON LLC,
          HMH RESTAURANTS LLC,
          HMH RIVERS LLC,
          HMH RIVERS, L.P.,
               BY: HMH RIVERS LLC
          HMH WTC LLC,
          HMP CAPITAL VENTURES LLC,
          HMP FINANCIAL SERVICES 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,
          MFR OF ILLINOIS LLC,
          MFR OF VERMONT LLC,
          MFR OF WISCONSIN 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,
          ATLANTA II LIMITED PARTNERSHIP,
               BY: HMC ATLANTA LLC
          IVY STREET HOTEL LIMITED PARTNERSHIP,
               BY: ATLANTA II LIMITED PARTNERSHIP
                   BY: HMC ATLANTA LLC
<PAGE>

          IVY STREET MPF LLC,
          HMC BURLINGAME II LLC,
          HOST DSM LIMITED PARTNERSHIP,
               BY: HMC DESERT LLC
          HMC DIVERSIFIED AMERICAN HOTELS, L.P.,
               BY: HMC DIVERSIFIED LLC
          HMC EAST SIDE LLC,
          HMC PARTNERSHIP PROPERTIES LLC,
          HMC HT LLC,
          HMC JWDC GP LLC,
          HMC JWDC LLC,
          HMC OLS I LLC,
          HMC OLS II L.P.,
               BY: HMC OLS I LLC
          POTOMAC HOTEL LIMITED PARTNERSHIP,
               BY: HMC POTOMAC LLC
          HMC RTZ LOAN II LLC,

          By:______________________________
             Name:  Christopher G. Townsend
             Title:  Senior Vice President and General Counsel
<PAGE>

The foregoing Registration Rights
Agreement is hereby confirmed and
accepted as of the date first above written.

DEUTSCHE BANK SECURITIES INC.
BANC OF AMERICA SECURITIES LLC
BEAR, STEARNS & CO. INC.
DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION
GOLDMAN, SACHS & CO.
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
MORGAN STANLEY & CO. INCORPORATED
CREDIT LYONNAIS SECURITIES (USA) INC.
SCOTIA CAPITAL (USA) INC.
SG COWEN SECURITIES CORPORATION

BY:  DEUTSCHE BANK SECURITIES INC.

     By: _________________________
         Name: Paul M. Whyte
         Title:   Director

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