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**Ex.      10.1**

**SECOND      SUPPLEMENT TO INDENTURE**

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|   | SILVERLEAF                FINANCE IV, LLC                                          |                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|-----------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | By:                                                                                     | /S/                HARRY J. WHITE, JR.                                                                                                                                                                                                                                                                                                                                                     |   |
|   | Title:                                                                                  | CFO                                                                                                                                                                                                                                                                                                                                                                                        |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | UBS                REAL ESTATE SECURITIES INC., as Noteholder                      |                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | By:                                                                                     | /S/                PRAKASH B. WADHWANI                                                                                                                                                                                                                                                                                                                                                     |   |
|   | Title:                                                                                  | Executive                Director                                                                                                                                                                                                                                                                                                             |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | By:                                                                                     | /S/                THOMAS DANG                                                                                                                                                                                                                                                                                                                                                             |   |
|   | Title:                                                                                  | Director                                                                                                                                                                                                                                                                                                                                                                                   |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | WELLS                FARGO BANK, NATIONAL ASSOCIATION, in its capacity as Trustee  |                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   |                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | By:                                                                                     | /S/                SUE DIGNAN                                                                                                                                                                                                                                                                                                                                                              |   |
|   | Title:                                                                                  | Assistant                Vice                President                                                       |   |

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