Second Supplemental Indenture, dated as of May 1, 2012, among CLP Elitch Gardens



 Exhibit 4.3.2 
 SECOND SUPPLEMENTAL INDENTURE 
 SECOND SUPPLEMENTAL INDENTURE (this
“Supplemental Indenture”), dated as of May 1, 2012, among CLP ELITCH GARDENS, LLC, a Delaware limited liability company f/k/a CNL Income Elitch Gardens, LLC, and CLP ELITCH GARDENS TRS CORP., a Delaware
corporation f/k/a CNL Income Elitch Gardens TRS Corp. (together, the “Guaranteeing Subsidiaries”), subsidiaries of CNL LIFESTYLE PROPERTIES, INC., a Maryland corporation (or its permitted successor) (the
“Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and WILMINGTON TRUST, NATIONAL ASSOCIATION, successor by merger to WILMINGTON TRUST FSB, as trustee under the Indenture referred
to below (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated as of April 5, 2011 (as supplemented,
the “Indenture”), providing for the issuance of 7.250% Senior Notes due 2019 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a
supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note
Guarantee”); 
 WHEREAS, Guaranteeing Subsidiaries are Restricted Subsidiaries and are obtaining certain Indebtedness
permitted to be incurred pursuant to Section 4.09 of the Indenture (the “Guaranteeing Subsidiaries’ Indebtedness”); 
 WHEREAS, the Guaranteeing Subsidiaries’ Indebtedness shall be guaranteed by the Company (the “Company Guarantee”); 

WHEREAS, pursuant to Section 4.09(d)(9) of the Indenture, the Company Guarantee is permitted provided that the Guaranteeing
Subsidiaries are a Guarantor; 
 WHEREAS, prior to the date hereof, the Guaranteeing Subsidiaries were not a Guarantor;

 WHEREAS, in order to permit, and as a condition to its execution of, the Company Guarantee, the Guaranteeing Subsidiaries
desire to execute and deliver to the Trustee, this Supplemental Indenture; and 
 WHEREAS, pursuant to Section 9.01 of the
Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 







 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. CAPITALIZED TERMS. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture. 
 2. AGREEMENT
TO GUARANTEE. The Guaranteeing Subsidiaries hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in
the Indenture including but not limited to Article 10 thereof. 
 4. NO
RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have
any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting
a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
the same agreement. 
 7. EFFECT OF
HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company. 
 [REMAINDER OF PAGE INTENTIONALLY BLANK] 







 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed and attested, all as of the date first above written. 
 Dated: May 1, 2012 

 

					
	GUARANTEEING SUBSIDIARIES:
	
	 CLP ELITCH GARDENS, LLC,
 a Delaware limited liability company (f/k/a CNL Income Elitch Gardens, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP ELITCH GARDENS TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Elitch Gardens TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	COMPANY:
	
	 CNL LIFESTYLE PROPERTIES, INC.,
 a Maryland corporation

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	EXISTING GUARANTORS:
	
	 CLP PARTNERS, LP,
 a Delaware limited partnership (f/k/a CNL Income Partners, LP)

		
	By:	 	CLP GP CORP.,
		 	a Delaware corporation, General Partner (f/k/a CNL Income GP Corp.)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP NORTHSTAR, LLC,
	a Delaware limited liability company (f/k/a CNL Income Northstar, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP NORTHSTAR TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Northstar TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SIERRA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Sierra, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SIERRA TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Sierra TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP LOON MOUNTAIN, LLC,
 a Delaware limited liability company (f/k/a CNL Income Loon Mountain, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP LOON MOUNTAIN TRS CORP.,
	a Delaware corporation (f/k/a CNL Income Loon Mountain TRS Corp.)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SNOQUALMIE, LLC,
 a Delaware limited liability company (f/k/a CNL Income Snoqualmie, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SNOQUALMIE TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Snoqualmie TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BRIGHTON, LLC,
 a Delaware limited liability company (f/k/a CNL Income Brighton, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BRIGHTON TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Brighton TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP BEAVER CREEK MARINA, LLC,
	a Delaware limited liability company (f/k/a CNL Income Beaver Creek Marina, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BEAVER CREEK MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Beaver Creek Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BURNSIDE MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Burnside Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BURNSIDE MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Burnside Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP LAKEFRONT MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Lakefront Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP LAKEFRONT MARINA TRS CORP.,
	a Delaware corporation (f/k/a CNL Lakefront Marina TRS Corp.)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SANDUSKY MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Sandusky Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SANDUSKY MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Sandusky Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PIER 121 MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Pier 121 Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PIER 121 MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Pier 121 Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP HOLLY CREEK MARINA, LLC,
	a Delaware limited liability company (f/k/a CNL Income Holly Creek Marina, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP HOLLY CREEK MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Holly Creek Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP EAGLE COVE MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Eagle Cove Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP EAGLE COVE MARINA TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Eagle Cove Marina TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BRADY MOUNTAIN MARINA, LLC,
 a Delaware limited liability company (f/k/a CNL Income Brady Mountain Marina, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP BRADY MOUNTAIN MARINA TRS CORP., a Delaware corporation (f/k/a CNL Income Eagle Cove Marina TRS Corp.)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP ENCHANTED VILLAGE, LLC,
 a Delaware limited liability company (f/k/a CNL Income Enchanted Village, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP ENCHANTED VILLAGE TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Enchanted Village TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MAGIC SPRING, LLC,
 a Delaware limited liability company (f/k/a CNL Income Magic Spring, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MAGIC SPRING TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Magic Spring TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP HAWAIIAN WATERS, LLC,
	a Delaware limited liability company (f/k/a CNL Income Hawaiian Waters, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP HAWAIIAN WATERS TRS CORP.,
 a Delaware corporation (f/k/a CNL Income Hawaiian Waters TRS Corp.)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP COLONY, LP,
 a Delaware limited partnership (f/k/a CNL Income Colony, LP)

		
	By:	 	CLP COLONY GP, LLC,
		 	a Delaware limited liability company,
		 	General Partner (f/k/a CNL Income Colony GP, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP GARLAND, LP,
 a Delaware limited partnership (f/k/a CNL Income Garland, LP)

		
	By:	 	CLP GARLAND GP, LLC,
		 	a Delaware limited liability company, General Partner (f/k/a CNL Income Garland GP, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP NORTHSTAR COMMERCIAL, LLC,
	a Delaware limited liability company (f/k/a CNL Income Northstar Commercial, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BEAR CREEK GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Bear Creek, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PALMETTO GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Palmetto, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SOUTH MOUNTAIN GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income South Mountain, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP VALENCIA GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Valencia, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP WESTON HILLS GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income Weston Hills, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP CANYON SPRINGS GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Canyon Springs, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP CINCO RANCH GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Cinco Ranch, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP FOSSIL CREEK GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Fossil Creek, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PLANTATION GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Plantation, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP MANSFIELD GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income Mansfield, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MESA DEL SOL, LLC,
 a Delaware limited liability company (f/k/a CNL Income Mesa Del Sol, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP LAKERIDGE GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Lakeridge, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP ROYAL MEADOWS GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Royal Meadows, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PAINTED HILLS GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Painted Hills, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP FOX MEADOW GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income Fox Meadow, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP WEYMOUTH GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Weymouth, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP SIGNATURE OF SOLON GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Signature of Solon, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 GRAPEVINE GOLF CLUB, L.P.,
 a Delaware limited partnership

	
	By: GRAPEVINE GOLF, L.L.C., a Delaware limited liability company, General Partner
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP GATLINBURG PARTNERSHIP, LP,
 a Delaware limited partnership (f/k/a CNL Income Gatlinburg Partnership, LP)

		
	By:	 	 CLP GATLINBURG GP CORP.,
 a Delaware corporation, General Partner
 (f/k/a CNL Income Gatlinburg GP
Corp.)

		 
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP SOUTHWEST GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income EAGL Southwest Golf, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP WEST GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income EAGL West Golf, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP NORTH GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income EAGL North Golf, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MIDWEST GOLF, LLC,
 a Delaware limited liability company(f/k/a CNL Income EAGL Midwest Golf, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MIDEAST GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income EAGL Mideast Golf, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP LEASEHOLD GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income EAGL Leasehold Golf, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP MEADOWLARK GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income EAGL Meadowlark, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP LAS VEGAS GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income EAGL Las Vegas, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP TRADITIONAL GOLF I, LLC,
 a Delaware limited liability company (f/k/a CNL Income Traditional Golf I, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP CLEAR CREEK GOLF, LLC,
 a Delaware limited liability company (f/k/a CNL Income Clear Creek, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP LAKE PARK GOLF, LLC,
	a Delaware limited liability company (f/k/a CNL Income Lake Park, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP BAKERSFIELD FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Bakersfield, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP CHARLOTTE FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Charlotte, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP KNOXVILLE FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Knoxville, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP FEC NORTH HOUSTON, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC North Houston, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP SOUTH HOUSTON FEC, LLC,
	a Delaware limited liability company (f/k/a CNL Income FEC South Houston, LLC)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP RICHLAND HILLS FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Richland Hills, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP TAMPA FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Tampa, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP TEMPE FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Tempe, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP TUCSON FEC, LLC,
 a Delaware limited liability company (f/k/a CNL Income FEC Tucson, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President
	
	 CLP PACIFIC PARK, LLC,
 a Delaware limited liability company (f/k/a CNL Income Pacific Park, LLC)

		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	CLP PACIFIC PARK TRS CORP.,
	a Delaware corporation (f/k/a CNL Income Pacific Park TRS Corp.)
		
	By:	 	 /s/ Joshua J. Taube

		 	Name:	 	Joshua J. Taube
		 	Title:	 	Vice President









 
					
	TRUSTEE:
	
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION, successor by merger to
	WILMINGTON TRUST FSB, as Trustee
		
	By:	 	 /s/ Joseph O’Donnell

		 	Name:	 	Joseph O’Donnell
		 	Title:	 	Authorized Signatory