Document:

EXHIBIT 10.2

 

FORM OF INVESTMENT MANAGEMENT AGREEMENT

 

THIS INVESTMENT MANAGEMENT AGREEMENT, dated
as of the _____th day of __________, 201__ (this “Agreement”) by and between ICON ECI FUND SIXTEEN, a Delaware
statutory trust (“Fund Sixteen”) and ICON CAPITAL CORP., a Delaware corporation (the “Investment Manager”).
All capitalized terms used, but not defined, herein shall have the meanings ascribed to them in the Amended and Restated Trust
Agreement of Fund Sixteen dated as of _______________, 201__, as amended from time to time (the “Trust Agreement”).

 

WHEREAS, Fund Sixteen was formed for
the purpose of making Investments;

 

WHEREAS, the Investment Manager is
engaged in the business of managing and providing advisory services with respect to Investments; and

 

WHEREAS, Fund Sixteen desires to engage
the Investment Manager, and the Investment Manager desires to be engaged, to perform certain services to Fund Sixteen in connection
with the Investments and the operations of Fund Sixteen.

 

NOW THEREFORE, in consideration of
the covenants set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement agree as follows:

 

1. ADVICE AND SERVICES 

 

A. The Investment Manager shall provide Fund
Sixteen with advice and services as may be requested or required by Fund Sixteen to manage the Investments and operate Fund Sixteen,
which advice and services (collectively, the “Services”) shall include, without limitation, the following:

 

i) Provide advice, analysis (including credit
and Capital Asset analysis and other due diligence), and recommendations with respect to the origination, investigation, structuring,
financing, acquisition, monitoring, syndication, remarketing, extending, renewing, and disposing of potential and existing Investments;

 

ii) Prepare and review and supervise the
preparation and review of all agreements, certificates, amendments, notices, instruments, and other documents required to acquire,
manage, finance, syndicate, remarket or dispose of any Investment or potential Investment;

 

iii) Provide portfolio and asset management
services with respect to existing and potential Investments; and

 

iv) Provide such additional assistance and
services to, and develop, license, and/or acquire such systems and software for the benefit of, Fund Sixteen as the Investment
Manager deems appropriate in connection with the foregoing.

 

B. Fund Sixteen hereby appoints the Investment
Manager as its agent and attorney-in-fact with full power, discretion and authority to make management decisions concerning the
Investments and to enter into agreements and commitments, on behalf of and in the name of Fund Sixteen and its affiliates and subsidiaries,
including, without limitation, lease agreements, loan agreements, financing agreements, purchase and sale agreements, and agreements
with service providers and other third parties related to the Investments. This appointment of the Investment Manager as agent
and attorney-in-fact includes the full power of substitution and further includes the full power to appoint agents and subagents
to enter into agreements on behalf of Fund Sixteen and its affiliates and subsidiaries. The Investment Manager hereby agrees that
the Services shall be carried out in accordance with customary and usual procedures of institutions that perform the Services,
unless otherwise provided specifically in the Trust Agreement.

 

    	 

    	 

    
 

C. To the extent any expenses are incurred
by the Investment Manager on behalf of Fund Sixteen and/or its subsidiaries and one or more funds or accounts managed by the Investment
Manager, such expenses will be allocated, as determined by the Investment Manager in its sole discretion, between or among Fund
Sixteen and/or the subsidiaries and such other funds or accounts based on the extent to which such expenses are reasonably attributable
to such entities as determined by the Investment Manager.

 

D. The Investment Manager shall not be required
to spend any specified amount of time in performing the Services for Fund Sixteen. The Investment Manager shall be required to
devote only such time and attention to the performance of the Services as it, in its sole discretion, deems necessary to carry
out the purposes of this Agreement.

 

E. Notwithstanding anything to the contrary
in this Agreement, the Investment Manager may engage in or possess an interest in, directly or indirectly, any other present or
future business venture of any nature or description for its own account, independently or with others, including, but not limited
to, any aspect of the equipment leasing and finance business or any other business engaged in by Fund Sixteen and may become the
managing member, investment manager or general partner in other entities and neither Fund Sixteen nor any of its Shareholders shall
have any rights in or to such independent venture or the income or profits derived or received therefrom.

 

2. TERM AND TERMINATION 

 

This Agreement shall be deemed effective
upon execution by Fund Sixteen and the Investment Manager (the “Effective Date”). The term of this Agreement
shall continue from the Effective Date for nine (9) years and thereafter shall automatically renew for additional one-year periods
unless earlier terminated by Fund Sixteen. Fund Sixteen may terminate this Agreement at any time by giving the other party at least
thirty (30) days written notice of termination. At the termination date specified in Fund Sixteen’s notice (the “Termination
Date”), the obligations of the other party with respect to the Services related to the Investments shall terminate to
the extent they have not yet been performed or are not required by this Agreement to have been performed before the Termination
Date.

 

3. FEES AND EXPENSES 

 

In consideration of the Services to be provided
under this Agreement, the Investment Manager shall receive certain fees as set forth in Sections 6.4(f) and 6.4(g) of the Trust
Agreement and be reimbursed for certain expenses as set forth in Section 6.4(h) of the Trust Agreement. Following the Termination
Date, any fees and expenses accrued, but not yet paid, for Services provided up to and including the Termination Date shall be
paid, but no other fees and expenses shall be payable to the Investment Manager following such Termination Date.

 

4. MISCELLANEOUS 

 

A. Assignability. The rights and obligations
of the Investment Manager hereunder may only be assigned if the proposed assignee(s) is approved by Fund Sixteen in writing prior
to any such assignment.

 

B. Delegation of Duties. Notwithstanding
anything to the contrary in this Agreement, the Investment Manager may, from time to time and in its sole discretion, subcontract
or delegate all or any part of the Services to any entity chosen by it, including any entity affiliated with it, with respect to
one or more of the Services. Such subcontract or delegation, however, shall not relieve the Investment Manager of its responsibilities
to Fund Sixteen hereunder with respect to any of the Services that are subject to the subcontract or delegation.

 

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C. Notices. Notices under this Agreement
shall be deemed to have been given if mailed, postage prepaid, by registered or certified mail, return receipt required, or delivered
by courier service to the other party at such party’s address stated above or at any other address as a party may have provided
by written notice to the other party.

 

D. Section Headings. Section, titles
or captions contained in this Agreement are inserted as a matter of convenience and for reference only, and shall not be construed
in any way to define, limit or extend or describe the scope of this Agreement or the intention of the provisions thereof.

 

E. Entire Agreement. This Agreement
constitutes the entire agreement of the parties hereto with respect to the matters set forth herein and supersedes any prior understanding
or oral or written agreement. In the event of a conflict between the terms of this Agreement and the Trust Agreement, the terms
of the Trust Agreement shall prevail; provided, that if any provision of this Agreement shall be deemed to conflict with the Trust
Agreement in any respect, the remainder of this Agreement and the application thereof shall not be affected thereby and the provision
deemed to conflict with the Trust Agreement shall be deemed rewritten to the extent necessary to eliminate such conflict.

 

F. No Third Party Rights. Nothing
contained herein shall confer any rights upon any person that is not a party to this Agreement.

 

G. Choice of Law; Venue; Waiver of Trial
by Jury. This Agreement will be governed by and construed in accordance with the laws of the State of New York without regard
to the conflicts of law rules thereof. The parties to this Agreement consent to the jurisdiction of any local, State, or federal
court located within New York, and waive any objection relating to improper venue or forum non conveniens to the conduct of any
proceeding in any such court and further waive any right to have any claim or dispute arising from or related to this Agreement
by parties to this Agreement against one or more parties to this Agreement, whether or not there are any additional third-parties
to the action or proceeding, heard by a jury.

 

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IN WITNESS WHEREOF, the parties to this Agreement
have executed this Agreement as of the day and year first above written.

 

ICON ECI FUND SIXTEEN

 

By: ICON CAPITAL CORP., its Investment Manager

 

By: ______________________________

Name: Michael A. Reisner

Title: Co-Chief Executive Officer,
Co-President and Director

 

ICON CAPITAL CORP.

 

By: ______________________________

Name: Michael A. Reisner

Title: Co-Chief Executive Officer,
Co-President and Director

 

    	4Exhibit 4.1
    

    

    

    
      SECOND
      SUPPLEMENTAL INDENTURE
    

    
      SECOND
      SUPPLEMENTAL INDENTURE (the “Second Supplemental Indenture”) dated as of
      November 21, 2012, between MBIA INC., a Connecticut corporation (the
      “Issuer”), and THE BANK OF NEW YORK MELLON, a New York banking
      corporation (the “Trustee”).
    

    
      W I T N E S S
      E T H :
    

    
      WHEREAS, the
      Issuer has heretofore entered into the Indenture, dated as of August 1,
      1990 (the “Original Indenture”), with the Trustee;
    

    
      WHEREAS, the
      Original Indenture is incorporated herein by this reference and the
      Original Indenture, as supplemented by the First Supplemental Indenture,
      dated as of August 22, 2002, between the Issuer and the Trustee, and as
      further supplemented by this Second Supplemental Indenture, is herein
      called the “Indenture”;
    

    
      WHEREAS, all
      capitalized terms used herein without definition shall have the meanings
      specified in the Indenture;
    

    
      WHEREAS, the
      Issuer wishes to effect the amendments to the Indenture contemplated
      hereby (the “Proposed Amendments”);
    

    
      WHEREAS,
      Section 8.2 of the Indenture provides that, subject to certain
      exceptions inapplicable hereto, the Issuer and the Trustee may amend or
      supplement the Indenture with the consent of the Holders of not less
      than a majority in aggregate principal amount of the Debt Securities at
      the time outstanding of all series affected by such supplemental
      indenture (voting as a class) (the “Required Holders”);
    

    
      WHEREAS, on
      November 7, 2012, the Issuer launched a consent solicitation to solicit
      the consents of the Holders of the Debt Securities to the Proposed
      Amendments;
    

    
      WHEREAS, the
      Required Holders have consented to the Proposed Amendments; and
    

    
      WHEREAS, all
      conditions necessary to authorize the execution and delivery of this
      Second Supplemental Indenture and make it a valid and binding obligation
      of the Issuer, in accordance with its terms, have been done or performed.
    

    
      NOW,
      THEREFORE:
    

    
      In
      consideration of the premises, it is mutually covenants and agreed as
      follows:
    

    
      ARTICLE I

AMENDMENT
      OF INDENTURE
    

    
      Section 1.01  Amendment
      to Definition.  The
      definition of “Restricted Subsidiary” in Section 1.1 of the Indenture is
      hereby deleted in its entirety and replaced with the following:
    

    
      “Restricted
      Subsidiary” means National Public Finance Guarantee Corporation, a New
      York corporation, and any legal successor or successor to all or
      substantially all of its business or assets; provided that such
      successor is a Subsidiary.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      ARTICLE II

MISCELLANEOUS
      PROVISIONS
    

    
      Section 2.01  Counterparts.  This
      Second Supplemental Indenture may be executed in any number of
      counterparts, each of which shall be an original, but such counterparts
      shall together constitute but one instrument.
    

    
      Section 2.02  Headings.  The
      Article and Section headings herein are for convenience only and shall
      not affect the construction hereof.
    

    
      Section 2.03  Ratification
      and Incorporation of Indenture.  As
      supplemented hereby, the Original Indenture and the First Supplemental
      Indenture are in all respects ratified and confirmed, and the Original
      Indenture, the First Supplemental Indenture and this Second Supplemental
      Indenture shall be read, taken and construed as one and the same
      instrument.
    

    
      Section 2.04  Successors
      and Assigns.  All
      the covenants, stipulations, promises and agreements in this Second
      Supplemental Indenture contained by or on behalf of the Issuer shall
      bind its successors and assigns, whether so expressed or not.
    

    
      Section 2.05  Separability.  In
      case any provision of this Second Supplemental Indenture or the
      Indenture shall be invalid, illegal or unenforceable, the validity,
      legality and enforceability of the remaining provisions shall not in any
      way be affected or impaired thereby.
    

    
      Section 2.06  Benefits
      of Indenture.  Nothing
      in this Supplemental Indenture, expressed or implied, shall give to any
      Person, other than the parties hereto and their successors hereunder and
      the Holders, any benefit or any legal or equitable right, remedy or
      claim under this Second Supplemental Indenture.
    

    
      Section 2.07  Governing
      Law.  This
      Second Supplemental Indenture shall be deemed to be a contract under the
      laws of the State of New York, and for all purposes shall be construed
      in accordance with the laws of such State, except as may otherwise be
      required by mandatory provisions of law.
    

    
      Section 2.08  Recitals
      by the Issuer.  The
      recitals in this Second Supplemental Indenture are made by the Issuer
      only and not by the Trustee, and the Trustee assumes no responsibility
      for their correctness.  The Trustee makes no representations as to the
      validity or sufficiency of this Second Supplemental Indenture.  All of
      the provisions contained in the Indenture in respect of the rights,
      privileges, immunities, powers and duties of the Trustee shall be
      applicable in respect of this Second Supplemental Indenture as fully and
      with like effect as if set forth herein in full.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      IN WITNESS
      WHEREOF, the parties hereto have caused this Second Supplemental
      Indenture to be duly executed as of the day and year first above written.
    

    

    

    	
           
        	
          
            MBIA INC.
          

        	

        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ C. Edward Chaplin
          

        	

        
	

        	

        	
          
            Name:
          

        	
          
            C. Edward Chaplin
          

        	

        
	

        	

        	
          
            Title:
          

        	
          
            President, Chief Financial Officer and Chief Administrative Officer
          

        	

        

    

    
      

      

      

    

    	
          
            Attest:
          

        	

        
	

        	

        	
           
        
	
          
            /s/ Ram D. Wertheim
          

        	

        
	
          
            Name:
          

        	
          
            Ram D. Wertheim
          

        	

        
	
          
            Title:
          

        	
          
            Executive Vice President, Chief Legal Officer and Secretary
          

        	

        

    

    
      

      

      

    

    	
           
        	
          
            THE BANK OF NEW YORK MELLON,
          

        	

        
	

        	
          
            as Trustee
          

        	

        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Laurence J. O’Brien
          

        	

        
	

        	
          
             
          

        	
          
            Name:
          

        	
          
            Laurence J. O’Brien
          

        	

        
	

        	

        	
          
            Title:
          

        	
          
            Vice President

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