Document:

English translation of Mortgage Contract

 Exhibit 10.50 
 Mortgage Contract 
 Serial Number: 2009 Shangrao Jinko Mortgage No. 3

  

					
	Mortgagor	  	:	 	 Jinko Solar Co., Ltd. (the “Mortgagor”)

			
	Business License No.	  	:	 	 361100520000106

			
	Legal Representative	  	:	 	 Li Xiande

			
	Address	  	:	 	 No. 1, Jingke Avenue, Shangrao Economic

			
		  		 	 Development Zone

			
	Post Code	  	:	 	 334000

			
	 Financial Institution for
 Account Opening and
 Account Number
	  	:	 	 Bank of China, Shangrao Branch,

		  		 	 739153091438091001

			
	Tel	  	:	 	 0793-8461399

			
	Fax	  	:	 	 0793-8461152

	  
  
	  		 	
	Mortgagee	  	:	 	 Bank of China, Shangrao Branch (the “Mortgagee”;
 together with the Mortgagor, the “Parties” and each,
 a “Party”)

			
	Principle	  	:	 	Wang Ping
			
	Address	  	:	 	No. 43, Shengli Lu, Shangrao City, Jiangxi Province
			
	Post Code	  	:	 	334000
			
	Tel	  	:	 	0793-8300659
			
	Fax	  	:	 	0793-8300494

 To ensure the repayment of the loan under the main contract (the “Main Contract”) specified
in Article 1 of this Contract, the Mortgagor agrees to mortgage the property that he may legally dispose and in the attached Collateral List to the Mortgagee. The Parties hereby enter into this Contract through equal negotiation. Unless
otherwise provided herein, terms of this Contract shall be interpreted in accordance with the Main Contract. 
 Article 1 Main Contract 

 The Main Contract of this Contract is: 
 Fixed Assets Loan Contract (Serial Number: 2009 Shangrao Jinko Borrowing No.3), together with its amendment and supplement signed between the Mortgagee and Jinko Solar Co., Ltd. (the “Debtor”). 
  

 1 

 Article 2 Principal creditor’s right 
 The creditor’s right under the Main Contract is the main creditor’s right, including principal, interests (including legal interests, contractual
interests, compound interests, penalty interest), liquidated damages, damage awards, expenses for realizing creditor’s right (including but not limited to litigation costs, attorney fees, notary fees, execution fees, etc.), and losses of and
other fees payable to Mortgagee because of the breach of the Debtor 
 Article 3 Collateral list 
 Please refer to the attached “Collateral List” for more information. 
 During the mortgage term, if the collateral is damaged, lost or expropriated, the Mortgagee may have the priority to be compensated by the insurance proceeds, damage awards or indemnities, etc. If the
secured loan is not outstanding, such insurance proceeds, damage awards or indemnities, etc. may be placed in escrow. 
 Article 4 Mortgage
registration 
 If mortgage registration is required by laws, the Mortgagor and Mortgagee shall register in relevant registration authority
within 5 days after signing this Contract. 
 If there is any change to the mortgage registration items, the Mortgagor and Mortgagee shall alter
the registration in relevant registration authority within 5 days after the change occurs. 
 Article 5 Possession and maintenance

 The collateral under this Contract shall be possessed and maintained by the Mortgagor while the document of title of the collateral shall
be kept by the Mortgagee. The Mortgagor agrees to accept and work with the Mortgagee and his appointed institution and individual to inspect the collateral at any time. 
 The Mortgagor shall properly keep, maintain and preserve the collateral, and take effective measures to ensure the safety and integrity of the collateral. If any maintenance is required, the Mortgagor
shall maintain the collateral and pay the expenses incurred. 
 The collateral may not be transferred, leased, lent, invested, reconstructed,
rebuilt or dispose in any other manner without written consent of the Mortgagee; if the written consent is obtained, the consideration from the disposition of the collateral shall be used to discharge the debt in advance, or put in the escrow.

 Article 6 Value depreciation of collateral 
 Before debt under the Main Contract is discharged, if the Mortgagor causes the collateral’s value to depreciate, the Mortgagee is entitled to suspend the Mortgagor’s activities. Where the value
of the collateral depreciates, the Mortgagee may demand that the Mortgagor restore the original value of the collateral or provide other security equalling to the depreciated value agreed by the Mortgagee. If the Mortgagor neither restores the value
nor provides any other security, the Mortgagee may demand the Debtor to pay off the debt in advance. If the Debtor does not perform, the Mortgagee is entitled to exercise the mortgage interest. 
 If the collateral is ruined or depreciates resulting from disaster, accident, infringement and other reasons, the Mortgagor shall take immediate measures to
prevent further damage, and inform the Mortgagee in writing immediately. 
 Article 7 Fruits 
 When the Debtor fails to pay the debt or any other circumstance to exercise the mortgage interest herein arise, and the collateral is seized by the
people’s court in accordance with law, the Mortgagee is entitled to collect the natural or statutory fruits of the collateral from the date of seizure, unless the Mortgagee fails to inform the person who are liable to pay off statutory fruits.

  

 2 

 The aforesaid fruits shall be used to pay off the expense for collecting the fruits firstly. 
 Article 8 Insurance of the collateral (it is an selective clause, this Contract will follow the Item 2 of the following: 1.applicable; 2.
non-applicable) 
 The Mortgagor shall carry insurance for the collateral with agreed insurance company in accordance with the kind and term
of the insurance agreed by the Parties. The amount of insurance shall not be less than the estimated value of the collateral; the content of the insurance policy shall be in line with the requirements of the Mortgagee; the policy may not contain any
restrictive conditions compromising the Mortgagee’s right. 
 The Mortgagor shall not suspend, terminate, amend or change the insurance
policy before the principal debt of this Contract is fully discharged; all reasonable and necessary measures shall be taken to keep the effectiveness of the insurance policy specified in Article 8. If the Mortgagor does not carry insurance, or
violate the aforesaid stipulations, the Mortgagee may determine to carry or continue to carry insurance for the collateral on the Mortgagor’s expense. Any damages caused to the Mortgagee shall be deemed as in the scope of the principal debt.

 The Mortgagor shall deliver the originals of the insurance policy of the collateral to the Mortgagee within — days after signing
this Contract, and transfer the claim for the insurance proceeds caused by insured affairs. The originals of the insurance policy shall be held by the Mortgagee before the principal debt of this Contract is fully discharged. 
 Article 9 Occurrence of security liabilities 
 If the Debtor fails to discharge the debt on any repayment due date or early repayment date, the Mortgagee may exercise the mortgage interest in accordance with laws and stipulations in this Contract. 
 The aforesaid repayment due date means the date when the principal, the interests or any other any payment agreed in the Contract is due; the aforesaid
early repayment date means the payment date proposed by the Debtor and accepted by the Mortgagee, or the date the Mortgagee requires the Mortgagor to repay the principal, the interests or any other any payment according to the stipulations of the
Contract. 
 Article 10 Term to exercise the mortgage interest 
 After occurrence of security liabilities, the Mortgagee shall exercise the mortgage interest within the limitation of action of principal debt. 
 If the principal debt is to be repaid in installment, the Mortgagee shall exercise the mortgage interest within the limitation of actions of the last
installment. 
 Article 11 Realization of mortgage interest 
 After security liabilities occur, the Mortgagee may negotiate with the Mortgagor to discharge the principal debt in priority with the consideration from trading, auctioning and selling the collateral.

 The consideration from disposal of the collateral shall be used for discharging the principal debt after the disposal fees and other fees
payable to the Mortgagees under this Contract are fully repaid. 
 Any mortgage, pledge and guarantee under other contract for the Main Contract
shall not prejudice the Mortgagee’s right under this Contract, and shall not be used by the Mortgagor as a defense against the Mortgagor. 
  

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 Article 12 Relationship between this Contract and Main Contract 
 If the Parties of the Main Contract terminate the Main Contract or the Main Contract becomes due in advance, the Mortgagor shall be responsible for security
liabilities of the occurred debt under the Main Contract. 
 If the parties of the Main Contract agree to amend the content of Main Contract,
except for those terms concerning currencies, interest rate, amount, term, or other changes which may increase the amount of principal debt or extending the term of Main Contract, no Mortgagor’s consent is needed and the Mortgagor shall be
responsible for the security liability in the amended Main Contract,. 
 In the event that the Mortgagor’s consent is needed, if no written
consent is obtained from the Mortgagor or the Mortgagor dissents, the Mortgager shall not be responsible for the increased part of the principal debt amount, and only be responsible for the original term of the Main Contract. 
 If the Mortgagee makes import negotiating financing or other subsequent financing in succession after establishing the letter of credit for the Debtor, no
Mortgagor’s consent is required, and the Mortgager shall be responsible for continuous and uninterrupted security liabilities for the financing under this Contract. The Mortgager shall transact the mortgage registration within 5 days after
signing import negotiating financing agreement or other subsequent financing agreement in accordance with laws. 
 If there are other mortgagees
of the collateral under this Contract, the aforesaid changes shall not compromise other mortgagee’s rights and interests without written consent of other mortgagee. 
 Article 13 Representations and undertakings 
 The Mortgagor hereby represents and
undertakes: 
  

	1.	The Mortgagor is legally registered and operated, and has the civil legal capacity to execute and perform this Contract; the Mortgagor has the legal title to the
collateral or may legally dispose the collateral; 

  

	2.	The Mortgagor assures that there is no joint owner of the collateral, or if there are joint owners, the Mortgagor has obtain the written consent from all the joint
owners. The Mortgagor agrees to deliver the written consent to the Mortgagee before signing this Contract; 

  

	3.	The Mortgagor fully understands the Main Contract, executes and performs this Contract out of true intension, and obtains all legal and effective authorizations
required by the Mortgagor’s articles of association and bylaws; 

 if the Mortgagor is a third-party entity,
the mortgage is approved by the resolution of the board of directors and the shareholder meetings; if the Mortgagor’s articles of association has restriction on the total secured amount and single secured amount, the secured amount under this
Contract does not surpass the specified restriction. 
 Executing and performing this Contract is not in violation of any binding
agreements, contracts, or other legal documents. The Mortgagor has obtained or will obtain all the required approval, consent, documentation or registration for executing and performing this Contract; 
  

	4.	All the documents, financial statements, certifications and other information provided by the Mortgagor to the Mortgagee under this Contract are true, complete,
accurate and effective; 

  

	5.	The Mortgagor does not conceal any security interest on the collateral by the date of signing this Contract; 

  

	6.	If any new security interest is set on the collateral, or the collateral is sealed up, or involved in substantial lawsuits or arbitration, the Mortgagor shall inform
the Mortgagee immediately; 

  

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	7.	If the collateral is a construction in progress, the Mortgagor undertakes that there is no third-party priority of compensation on the collateral; and if any priority
of compensation exists, the Mortgagor will have the third party issue a written announcement to give up the right, and will deliver the announcement to the Mortgagee. 

 Article 14 Contracting negligence 
 Contracting negligence means after the Contract is
signed, if the Contract does not come into force and the mortgage right fails to be established effectively because the Mortgagor refuses or delays to transact the mortgage registration, or due to other reasons of the Mortgagor. The Mortgagor shall
be liable for the caused damages to the Mortgagee. 
 Article 15 Disclose of related party within the mortgager’s group and affiliated
transactions 
 Both Parties agree to apply Item 1 as follows: 
  

	1.	The Mortgagor is not an affirmed group client of the Mortgagee according to Guidelines on the Management of Risks of Credits Granted by Commercial Banks to Group
Clients (the “Guidance”). 

  

	2.	The Mortgagor is an affirmed group client of the Mortgagee according to the Guidance. The Mortgagor shall report the affiliated transactions over 10% of net capital to
the Mortgagee in accordance with Article 17 of the Guidance, including the related party relationship, transaction items and transaction nature, transaction amount or relevant proportion and pricing policy of all parties of the transaction
(including the transactions without money or with typical money). 

 Article 16 Breach and settlement 
 The Mortgagor shall be deemed as breach of the Contract under any of the following circumstance: 
  

	1.	The Mortgagor violates the stipulations of this Contract to transfer, lease, lend, invest in form of real object, reconstruct, rebuild or dispose all or part of the
collateral in any other manner; 

  

	2.	The Mortgagor interferes the Mortgagee in the disposing of the collateral according to laws and relevant stipulations of this Contract; 

  

	3.	The Mortgagor does not provide relevant security required by the Mortgagee if the value of collateral decrease as specified in Article 6 of this Contract;

  

	4.	The Mortgagor provides an untrue representation or violates the undertaking in this Contract; 

  

	5.	The Mortgagor violates other stipulations regarding the Parties’ rights and obligations in this Contract; 

  

	6.	The Mortgagor closes down or is dissolved, withdraw or bankrupted; 

  

	7.	The Mortgagor violates other stipulations under other contract between the Mortgagor and the Mortgagee, or the Mortgagor and other institutions of Bank of China;

 When the aforesaid breach arise, the Mortgagor may take any or all measures as follows: 
  

	1.	Require the Mortgagor to rectify the breach within time limit; 

  

	2.	Decrease, suspend or terminate all or part of the credit lines of the Mortgagor; 

  

	3.	Suspend or terminate all or part of the business application of the Mortgagor under other contracts between the Mortgagor and Mortgagee; partly or totally suspend or
terminate to grant and transact the unissued loan and trade financing; 

  

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	4.	Declare that all or part of the unpaid loan/principal and interests of trade financing as well as other account payable to the Mortgagee under this Contract and other
contracts between the Mortgagor and the Mortgagee shall become due immediately; 

  

	5.	Terminate or withdraw this Contract, partly or totally terminate or withdraw other contracts between the Parties; 

  

	6.	Require the Mortgagor to compensate the Mortgagee for the Mortgagee’s loss caused by the Mortgagor’s breach; 

  

	7.	Exercise the mortgage right; 

  

	8.	Other measures deemed necessary by the Mortgagee. 

 Article 17 Reservation of right 
 Any failure to perform all or part of his right under this Contract, or require the other
Party to perform or assume all or part of the obligation and responsibilities shall not be deemed as a waiver of the right or release of the obligation and responsibilities. 
 Any tolerance, grace or postponement for performing the rights under this Contract of one Party shall not affect his rights stipulated by this Contract, laws and regulations, and shall not be deemed as a
waiver of this right. 
 Article 18 Alteration, amendment and termination 
 This Contract can be altered and amended in written form through negotiation of the Parties, and any alternation and amendment shall be deemed as an integral part of this Contract. 
 This Contract may not be terminated until all the rights and obligations are fully preformed, unless otherwise stipulated in laws and regulations or agreed
by the both Parties. 
 Any invalid terms in this Contract shall not affect the legal validity of other terms, unless otherwise specified in
laws and regulations or agreed by Parties. 
 Article 19 Governing law and dispute settlement 
 This Contract is governed by the laws of the People’s Republic of China. 
 Any dispute and controversy arising out of execution, performance of or in connection with this Contract may be resolved through negotiation. In case the negotiation does not reach a resolution, any Party
can resolve the dispute and controversy in accordance with the method stipulated in the Main Contract. 
 In the course of dispute settlement,
the Parties shall continue to perform other terms of this Contract that are not affected by the dispute. 
 Article 20 Fees 

Unless otherwise provided in laws or agreed by both Parties, the Mortgagor shall be responsible for all the fees (including but not limited to attorney
fees) for execution and performing of this Contract or resolving the dispute under this Contract. 
 Article 21 Annex 
 The following annexes and other annexes agreed by both Parties are integral parts of this Contract, and have same legal force with the Contract. 

1. Collateral List; 
  

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 Article 22 Miscellaneous 
  

	1.	Without the Mortgagee’s written consent, the Mortgagor shall not assign or transfer any or all of his rights or obligations hereunder to the third party.

  

	2.	If the Mortgagee entrusts other institutions of Bank of China to perform the rights and obligations for business need, the Mortgagor shall agree to the entrustment.
Other institutions of Bank of China authorized by the Mortgagor are entitled to all the rights under this Contract, and may submit any dispute under this Contract to the arbitration committee. 

  

	3.	This Contract is legally binding on both Parties and their successors and assignees without prejudice to other provisions of this Contract. 

  

	4.	Unless otherwise agreed by the Parties, the addresses provided in this Contract of both Parties shall be deemed as the contact address. If there is an alternation of
the address of one Party, that Party shall notify the other Party in writing immediately. 

  

	5.	The title and business name in this Contract is used only for convenient reference, which shall not be used to interpret the terms or the rights and obligations of both
Parties. 

 Article 23 Effectiveness of the Contract and Mortgage 
 This Contract shall come into force from the date of signing and sealing by legal representatives, principals or authorized signatories of both Parties.
However, if mortgage registration is required by laws, this Contract shall become effective upon the date when the registration procedures are completed. 
 The mortgage becomes effective upon the effectiveness of the Contract. 
 This Contract shall be in
quintuplicate, and each Party holds two copies and the mortgage registration holds one copy. Each copy has the same legal force. 
  

									
	Mortgager: Jinko Solar Co., Ltd. (Sealed)	 		 	Mortgagee: Bank of China, Shangrao Branch (Sealed)
					
	Authorized Signature:	 	 /s/ Fawan Wang
	 		 	Authorized Signature:	 	 /s/ Xianfeng Feng

			
	Date: December 24, 2009	 		 	Date: December 24, 2009

  

 7Series 2010-1, Class C-2015 Indenture Supplement

 Exhibit 4.1 
 EXECUTION COPY 
  
  
  
 SERIES 2010-1, CLASS C-2015 
 INDENTURE SUPPLEMENT 
 between 
 CROWN CASTLE TOWERS LLC 
 CROWN CASTLE SOUTH LLC 
 CROWN COMMUNICATION INC. 
 CROWN CASTLE PT INC. 
 CROWN COMMUNICATION NEW YORK, INC. 
 CROWN CASTLE INTERNATIONAL CORP. DE PUERTO RICO 
 CROWN CASTLE
TOWERS 05 LLC 
 CROWN CASTLE PR LLC 
 CROWN CASTLE MU LLC 
 CROWN CASTLE MUPA LLC 
 as Issuers 
 and

 The Bank of New York Mellon, 
 as successor to 
 The Bank of New York 
 and 
 JPMorgan Chase
Bank, N.A. 
 as Indenture Trustee 
 dated as of January 15, 2010 
 Authorizing the Issuance of 
 $300,000,000 
 Senior
Secured Tower Revenue Notes, Series 2010-1, Class C-2015 
  
  
  

 TABLE OF CONTENTS 
  

					
	  	 	 	  	Page
			
		 	ARTICLE I	  	
			
		 	DEFINITIONS AND INCORPORATION BY REFERENCE	  	
			
	Section 1.01	 	Definitions	  	2
			
		 	ARTICLE II	  	
			
		 	SERIES 2010-1 NOTE DETAILS; FORM OF SERIES 2010-1 NOTES	  	
			
	Section 2.01	 	Series 2010-1 Note Details	  	4
	Section 2.02	 	Delivery of Series 2010-1 Notes	  	5
	Section 2.03	 	Forms of Series 2010-1 Notes	  	5
			
		 	ARTICLE III	  	
			
		 	REPRESENTATIONS, WARRANTIES, AND COVENANTS	  	
			
	Section 3.01	 	Representations of Issuer Entity	  	5
	Section 3.02	 	Covenants of Issuer Entity	  	5
	Section 3.03	 	Single-Purpose, Bankruptcy-Remote Representations, Warranties and Covenants	  	6
			
		 	ARTICLE IV	  	
			
		 	AMENDMENTS TO INDENTURE	  	
			
	Section 4.01	 	Amendments of Definitions	  	6
	Section 4.02	 	Amendment to Prepayment	  	7
	Section 4.03	 	Amendment to New Tower Sites; Additional Notes	  	7
	Section 4.04	 	Amendment to Application of Funds After Event of Default	  	7
	Section 4.05	 	Amendment to Security Interest in Reserves; Matters Pertaining to Reserves	  	7
	Section 4.06	 	Amendment to Cash Trap Reserve	  	7
	Section 4.07	 	Amendment to Payments	  	8
	Section 4.08	 	Amendment to Payments of Principal	  	12
	Section 4.09	 	Amendments to Disposition of Tower Sites	  	12
	Section 4.10	 	Amendment to Application of Funds After Event of Default	  	14
	Section 4.11	 	Other Amendment	  	14

  

 -i- 

					
	ARTICLE V
	
	GENERAL PROVISIONS
			
	Section 5.01	 	Date of Execution	  	15
	Section 5.02	 	Governing Law	  	15
	Section 5.03	 	Severability	  	15
	Section 5.04	 	Counterparts	  	15
	
	ARTICLE VI
	
	APPLICABILITY OF INDENTURE
			
	Section 6.01	 	Applicability	  	15

  

 -ii- 

 SERIES 2010-1, CLASS C-2015 
 INDENTURE SUPPLEMENT 
 THIS SERIES 2010-1, Class
C-2015 INDENTURE SUPPLEMENT (this “Series 2010-1 Indenture Supplement”), dated as of January 15, 2010, is between CROWN CASTLE TOWERS LLC, a Delaware limited liability company (the “Issuer Entity”),
CROWN CASTLE SOUTH LLC, a Delaware limited liability company, CROWN COMMUNICATION INC., a Delaware corporation, CROWN CASTLE PT INC., a Delaware corporation, CROWN COMMUNICATION NEW YORK, INC., a Delaware corporation, and CROWN CASTLE INTERNATIONAL
CORP. DE PUERTO RICO, a Puerto Rico corporation (together with the Issuer Entity, the “Initial Issuers”), CROWN CASTLE TOWERS 05 LLC, a Delaware limited liability company, CROWN CASTLE PR LLC, a Puerto Rico limited liability
company, CROWN CASTLE MU LLC, a Delaware limited liability company and CROWN CASTLE MUPA LLC, a Delaware limited liability company (collectively, the “Additional Issuers”, and, together with the Initial Issuers, the
“Issuers”), and The Bank of New York Mellon (as successor to The Bank of New York as successor to JPMorgan Chase Bank, N.A.), a New York banking corporation, as indenture trustee and not in its individual capacity (in such capacity,
the “Indenture Trustee”). 
 RECITALS 
 WHEREAS, the Initial Issuers entered into an Indenture, dated as of June 1, 2005 (as amended, supplemented or otherwise modified from
time to time, the “Indenture”), between the Initial Issuers and the Indenture Trustee; 
 WHEREAS the Initial
Issuers entered into the Series 2005-1 Indenture Supplement, dated as of June 1, 2005 (the “Series 2005-1 Indenture Supplement”) between the Initial Issuers and the Indenture Trustee, pursuant to which, along with the
Indenture, the Initial Issuers issued the Series 2005-1 Notes (the “Series 2005-1 Notes”); 
 WHEREAS, each
Additional Issuer became an Issuer under the Indenture pursuant to the Series 2006-1 Indenture Supplement, dated as of November 29, 2006 (the “Series 2006-1 Indenture Supplement”), between the Issuers and the Indenture Trustee,
pursuant to which, along with the Indenture, the Issuers issued the Series 2006-1 Notes (the “Series 2006-1 Notes”), and agreed to be bound by and perform all of the obligations of an Issuer under the Indenture and the other
Transaction Documents and, upon the designation of the Additional Issuers as Asset Entities under the Indenture, the Tower Sites of the Additional Issuers were added to the Assets supporting the Notes in accordance with Section 2.12 of the
Indenture; 
 WHEREAS, the Issuers desire to enter into this Series 2010-1 Indenture Supplement in order to (i) issue
Additional Notes pursuant to the terms of the Indenture and Section 2.12 thereof and (ii) make certain amendments to the Indenture; 

 WHEREAS, the Issuers have duly authorized the issuance of $300,000,000 of Senior Secured
Tower Revenue Notes, Series 2010-1, consisting of one class designated as Class C-2015 (the “Series 2010-1 Notes”), and the Indenture Trustee has agreed to the issuance of the Series 2010-1 Notes as Additional Notes under the
Indenture; 
 WHEREAS, the Issuers have also duly authorized the issuance of $350,000,000 of Senior Secured Tower Revenue Notes,
Series 2010-2 under the Series 2010-2, Class C-2017 Indenture Supplement, consisting of one class designated as Class C-2017 (the “Series 2010-2 Notes”) and $1,250,000,000 of Senior Secured Tower Revenue Notes, Series 2010-3
under the Series 2010-3, Class C-2020 Indenture Supplement, consisting of one class designated as Class C-2020 (the “Series 2010-3 Notes”), and the Indenture Trustee has agreed to the issuance of the Series 2010-2 Notes and
Series 2010-3 Notes as Additional Notes under the Indenture; 
 WHEREAS, the Series 2010-1 Notes constitute Notes as defined in
the Indenture; 
 WHEREAS, the Indenture Trustee has agreed to accept the trusts herein created upon the terms herein set forth;
and 
 NOW, THEREFORE, it is mutually covenanted and agreed as follows: 
 ARTICLE I 
 DEFINITIONS AND INCORPORATION BY
REFERENCE 
 Section 1.01 Definitions. 
 All defined terms used herein and not defined herein shall have the meaning ascribed to such terms in the Indenture. All words and phrases
defined in the Indenture shall have the same meaning in this Series 2010-1 Indenture Supplement, except as otherwise appears in this Article. In addition, the following terms have the following meanings in this Series 2010-1 Indenture Supplement
unless the context clearly requires otherwise: 
 “Allocated Note Amount” for (x) any Tower Site will be
equal to the sum of (i) $10,000 for each Tower Site plus (ii) the product of (A) a percentage determined as of the Closing Date with respect to such Tower Site based on the positive Annualized Run Rate Net Cash Flow generated by such
Tower Site as of September 30, 2009, divided by the total Annualized Run Rate Net Cash Flow generated by all Tower Sites having a positive Annualized Run Rate Net Cash Flow as of September 30, 2009 and (B) the Outstanding principal
balance of the Series 2006-1 Notes, the Series 2010-1 Notes, the Series 2010-2 Notes and the Series 2010-3 Notes as of the respective Closing Dates applicable thereto minus the aggregate amount allocated pursuant to clause (i) above and
(y) for any Tower Site which is a replacement Tower Site in connection with a property substitution, the aggregate Allocated Note Amount of all Tower Sites replaced by such Tower Site. Schedule I sets forth the Allocated Note Amount for each
Tower Site. 
  

 -2- 

 “Anticipated Repayment Date” shall mean, with respect to the Series 2010-1
Notes, the Payment Date in January 2015, provided that (i) for purposes of Sections 2.08, 3.03, 4.06, 5.01, 5.02, 7.06 and 7.33 of the Indenture and the definitions of Monthly Payment Amount, Principal Payment Amount, Value
Reduction Amount, Scheduled Defeasance Payments and Yield Maintenance in the Indenture, such term shall mean November 15, 2011 if and only for so long as any Series 2006-1 Notes remain Outstanding after November 15, 2011, and (ii) for
the avoidance of doubt, (1) for purposes of Sections 2.09, 2.10, 2.11 and 6.25 of the Indenture, such term shall mean the Payment Date in January 2015 and (2) from and after the date that no Series 2006-1 Notes are Outstanding, the
Anticipated Repayment Date for the Series 2010-1 Notes shall be the Payment Date in January 2015 for all purposes of the Indenture. 
 “Annualized Run Rate Net Cash Flow” shall mean, for any Tower Site as of any date of determination, the Annualized Run Rate Revenue for such Tower Site as of such date, less the sum as of such date, of (i) annualized
current real estate and personal property taxes (including payments in lieu of taxes), any ground lease payments (including payments relating to the Cingular Sublease) with respect to such Tower Site, (ii) trailing twelve month expenses in
respect of such Tower Site for insurance, maintenance (including maintenance capital expenditures), utilities, licenses and permits, and (iii) a management fee equal to 7.5% (or, if the Manager is not Crown International or any of its
subsidiaries, a Management Fee equal to a percentage not exceeding 10%) of the Annualized Run Rate Revenue for such Tower Site. 
 “Annualized Run Rate Revenue” shall mean, as of any date of determination, for any Tower Site the net annualized rent payable by Tenants for occupancy of a Tower Site as of such date (including site maintenance fees paid,
license, easement, and similar fees and revenues pursuant to the Cingular Sublease and fees received as to Economic Benefit Sites, Carrier Swap Agreements and Managed Tower Sites). 
 “Closing Date” shall mean, with respect to the Series 2010-1 Notes, January 15, 2010. 
 “2006 Closing Date” shall mean November 29, 2006. 
 “Initial Purchasers” shall mean Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc., Barclays Capital
Inc., Calyon Securities (USA) Inc., RBS Securities Inc., Banc of America Securities LLC, TD Securities (USA) LLC, Citigroup Global Markets Inc. and RBC Capital Markets Corporation. 
 “Note Rate” shall mean the rate per annum at which interest accrues on each Class of each Series of Notes, which, with
respect to Class C-2015 of the Series 2010-1 Notes, is set forth in Section 2.01(a) hereof. 
 “Offering
Memorandum” shall mean the Offering Memorandum dated January 8, 2010, relating to the issuance by the Issuers of the Series 2010-1 Notes, the Series 2010-2 Notes and the Series 2010-3 Notes. 
 “Payment Date” shall mean the 15th day of each month or, if any such 15th day is not a Business Day, on the next succeeding Business Day, beginning February 2010 with respect to the Series
2010-1 Notes. 
  

 -3- 

 “Post ARD Note Spread” shall mean, for the Series 2010-1 Notes, 2.000%.

 “Purchase Agreement” shall mean the Purchase Agreement dated January 8, 2010, among the Issuers, Crown
International, the Guarantor and Morgan Stanley & Co. Incorporated, relating to the purchase by the Initial Purchasers of the Series 2010-1 Notes, the Series 2010-2 Notes and the Series 2010-3 Notes. 
 “Rated Final Payment Date” shall have the meaning ascribed to it in Section 2.01(b) hereof. 
 “Record Date” shall mean, with respect to any Payment Date, the close of business on the last Business Day of the month
immediately preceding the month in which such Payment Date occurs. 
 “Series 2006-1 Notes” shall have the
meaning ascribed to it in the Recitals hereto. 
 “Series 2010-1 Notes” shall have the meaning
ascribed to it in the Recitals hereto. 
 “Series 2010-2 Notes” shall have the meaning ascribed
to it in the Recitals hereto. 
 “Series 2010-3 Notes” shall have the meaning ascribed to it in
the Recitals hereto. 
 Words importing the masculine gender include the feminine gender. Words importing persons include firms,
associations and corporations. Words importing the singular number include the plural number and vice versa. Additional terms are defined in the body of this Series 2010-1 Indenture Supplement. 
 In the event that any term or provision contained herein with respect to the Series 2010-1 Notes shall conflict with or be inconsistent with
any term or provision contained in the Indenture, the terms and provisions of this Series 2010-1 Indenture Supplement shall govern. 
 ARTICLE II 
 SERIES 2010-1 NOTE DETAILS; FORM OF SERIES 2010-1 NOTES 
 Section 2.01 Series 2010-1 Note Details. 
 (a) The aggregate principal amount of the Series 2010-1 Notes which may be initially authenticated and delivered under this Series 2010-1 Indenture Supplement shall be issued in one class having the class
designation, Initial Class Principal Balance, Note Rate and rating set forth below (except for Series 2010-1 Notes authenticated and delivered upon transfer of, or in exchange for, or in lieu of Notes pursuant to Section 2.02 of the Indenture):

  

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	 Class
	 	 Initial Class
 Principal Balance
	 	 Note Rate
	 	 Rating
 (Moody’s/Fitch)

	 Class C-2015
	 	$300,000,000	 	4.523%	 	A2/A

 (b) The aggregate Outstanding Class Principal Balance of Series 2010-1 Notes shall be
due and payable in full on the Payment Date in January 2035 (such Payment Date, the “Rated Final Payment Date”). 
 (c) For purposes of determining Accrued Note Interest, the Series 2006-1 Class C Notes, Class C-2015 Notes, Class C-2017 Notes and Class C-2020 Notes shall be deemed to be Class C Notes. 
 (d) The Series 2010-1 Notes shall be deemed to be “Fixed Rate Notes” as defined in the Indenture. 
 Section 2.02 Delivery of Series 2010-1 Notes. 
 Upon the execution and delivery of this Series 2010-1 Indenture Supplement, the Issuers shall execute and deliver to the Indenture Trustee and the Indenture Trustee shall authenticate the Series 2010-1
Notes and deliver the Series 2010-1 Notes to the Depositary. 
 Section 2.03 Forms of Series 2010-1 Notes.

 The Series 2010-1 Notes shall be in substantially the form set forth in the Indenture, each with such variations, omissions
and insertions as may be necessary. 
 ARTICLE III 
 REPRESENTATIONS, WARRANTIES, AND COVENANTS 
 Section 3.01 Representations of Issuer Entity. 
 (a) The Issuer Entity represents and warrants to the
Indenture Trustee that the statements set forth in Article VI of the Indenture will be true, correct, and complete in all material respects as of the date hereof, and in addition, represents and warrants as to Section 6.01 (a) or (b),
as applicable, and (c) as to each of the Additional Issuers. 
 (b) The Issuer Entity represents and warrants as of the
date hereof to the Indenture Trustee that no Default or Event of Default has occurred and is continuing. 
 Section 3.02
Covenants of Issuer Entity. 
 The Issuer Entity covenants and agrees that until payment in full of the Notes, all accrued
and unpaid interest and all other Obligations, the Issuer Entity shall, and shall cause all Persons to, perform and comply with the covenants in Article VII of the Indenture applicable to such Person. 
  

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 Section 3.03 Single-Purpose, Bankruptcy-Remote Representations, Warranties and
Covenants. 
 The Issuer Entity hereby represents, warrants and covenants as of the date hereof and until such time as all
Obligations are paid in full, as to itself and the other Issuer Parties, that each of the representations and warranties in Section 8.01 of the Indenture are true and correct as of the date hereof and the Issuer Entity shall, and shall cause
the other Issuer Parties to, perform and comply with the covenants of Section 8.01 of the Indenture applicable to such Issuer Party. 
 ARTICLE IV 
 AMENDMENTS TO INDENTURE 
 Section 4.01 Amendments of Definitions. The following amendments to the definitions set forth in Section 1.01 of the
Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 (a) The parties hereto
agree that the definition of “Yield Maintenance” shall be amended by replacing “three (3) months” with “six (6) months”. 
 (b) The parties hereto agree that the following new definitions shall be included in the Indenture: 
 “Series 2006 Collateral Ratio” shall mean .37. 
 “Top 100
BTA” shall mean the top 100 basic trading areas based on population, as delineated by the most recent Rand McNally Commercial Atlas & Marketing Guide (or such comparable measure used by the Federal Communications Commission to
determine service areas for wireless licenses), as extended and revised by the Federal Communications Commission from time to time. 
 (c) The parties hereto agree that the following definition in the Indenture shall be replaced in its entirety by the following: 
 “Principal Payment Amount” shall mean, with respect to any particular Series of Notes Outstanding, (i) with respect to each Payment Date prior to the Anticipated Repayment Date for
such Series of Notes, and when no Amortization Period is in effect and no Event of Default has occurred and is continuing, zero; and (ii) with respect to each Payment Date occurring (A) during the continuation of an Amortization Period or
an Event of Default, and (B) on and after the Anticipated Repayment Date for such Series of Notes, the sum of (x) the Excess Cash Flow in the related Collection Period applied to payments of principal on the Notes on such Payment Date,
(y) any principal prepayments made on the Notes (including any amounts to be applied as principal to the Notes from the Cash Trap Reserve Sub-Account) and (z) all other collections (including Insurance Proceeds, Condemnation Proceeds and,
on and after such Anticipated Repayment Date for such Series of Notes or during the continuation of an Event of Default, any Net Revenues and Net Liquidation Proceeds that were received during the related Collection Period and that were identified
and applied by the Servicer as recoveries of principal). 
  

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 Section 4.02 Amendment to Prepayment. The following amendment to
Section 2.09 of the Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 (a) The parties hereto agree that each use of “three (3) months” in Sections 2.09(a) and (b) shall be replaced with “six (6) months”. 
 Section 4.03 Amendment to New Tower Sites; Additional Notes. The following amendment to Section 2.12 of the Indenture shall
be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that
Section 2.12 shall be amended by replacing the third and fourth sentences thereof with the following: 
 “Upon receipt
of a Rating Agency Confirmation and, during a Special Servicing Period, Servicer consent, such new Tower Sites and the related Space Licenses may be added to the Assets supporting the Notes and the Issuers may issue new and additional notes
(“Additional Notes”) which shall rank pari passu with, and be rated the same as, any Class of Notes, and shall have characteristics similar to the Notes; provided that the DSCR after such issuance is not less
than the DSCR before such issuance. Additional Notes may be issued without additional collateral; provided that the DSCR, after giving effect to such issuance, is greater than or equal to 2.0 to 1.0, and a Rating Agency Confirmation is
obtained with respect to the Notes.” 
 Section 4.04 Amendment to Application of Funds After Event of Default.
The following amendment to Section 3.05 of the Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that Section 3.05 of the Indenture shall be amended by replacing the word “nineteenth” with “twentieth”. 
 Section 4.05 Amendment to Security Interest in Reserves; Matters Pertaining to Reserves. The following amendment to
Section 4.01(b) of the Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that Section 4.01(b) of the Indenture shall be amended by replacing the word “nineteenth” with “twentieth”. 
 Section 4.06 Amendment to Cash Trap Reserve. The following amendment to Section 4.06 of the Indenture shall be effective
from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that Section 4.06 shall be
amended by replacing the second, third and fourth sentences thereof with the following: 
 “During the continuation of an
Amortization Period, all funds deposited in the Cash Trap Reserve Sub-Account on each Payment Date will be applied on such Payment Date (A) first to reimburse the Indenture Trustee and the Servicer in respect of unreimbursed Advances (including
Advance Interest thereon or any other amounts then due to the Servicer or

  

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the Indenture Trustee hereunder or under the other Transaction Documents (including, but not limited to, outstanding Advances, Advance Interest, unpaid Additional Issuer Expenses, and all unpaid
fees, expenses and indemnification due to the Servicer and the Indenture Trustee hereunder and under the other Transaction Documents)), and then (B) to repayment of principal of the Notes (together with any required Prepayment Consideration) in
the following order: first to reduce the Class Principal Balance of the Class of Notes Outstanding having the earliest alphabetical designation (and not considering any numerical designation) until the Class Principal Balance of such
Class is reduced to zero, and then to reduce the Class Principal Balance of the Class of Notes Outstanding having the second earliest alphabetical designation (and not considering any numerical designation) and so on until the
Class Principal Balances of all Classes of Notes have been reduced to zero. After the Anticipated Repayment Date for any particular Series of Notes then Outstanding when no Amortization Period is in effect, all funds deposited in the Cash Trap
Reserve Sub-Account on each Payment Date will be applied on such Payment Date (A) first to reimburse the Indenture Trustee and the Servicer in respect of unreimbursed Advances (including Advance Interest thereon or any other amounts then due to
the Servicer or the Indenture Trustee hereunder or under the other Transaction Documents (including, but not limited to, outstanding Advances, Advance Interest, unpaid Additional Issuer Expenses, and all unpaid fees, expenses and indemnification due
to the Servicer and the Indenture Trustee hereunder and under the other Transaction Documents)), and then (B) to repayment of principal of such particular Series of Notes and each other Series of Notes in respect of which the Anticipated
Repayment Date has occurred (and not any Series of Notes in respect of which the Anticipated Repayment Date has not occurred), together with any required Prepayment Consideration, in the following order: first to reduce the Class Principal
Balance of the Class of Notes of all such Series Outstanding having the earliest alphabetical designation until the Class Principal Balance of such Class of all such Series is reduced to zero, and then to reduce the
Class Principal Balance of the Class of Notes of all such Series Outstanding having the second earliest alphabetical designation and so on until the Class Principal Balances of all Classes of Notes of all such Series have been reduced
to zero.” 
 Section 4.07 Amendment to Payments. The following amendment to Section 5.01 of the Indenture
shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that clauses
first through twentieth of Section 5.01(a) shall be replaced in their entirety with the following: 
 First, to the Impositions and Insurance Reserve Sub-Account, the Monthly Impositions and Insurance Amount for the next Payment Date; 
 Second, and in the following order, to the Indenture Trustee and the Servicer in an amount equal to the Indenture Trustee Fees, Servicing Fees, and Other Servicing Fees due on such Payment
Date (or that remain unpaid from prior Payment Dates), then to the Indenture Trustee and the Servicer in respect of unreimbursed Advances, including Advance Interest thereon, and then to the payment of other Additional Issuer Expenses due on such
Payment Date and any and all other amounts due and payable to the Servicer and the Indenture Trustee; 
  

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 Third, pro rata based on the Note Principal Balance of the
Class A-FX Notes and the Class A-FL Notes (a) to the holders of the Class A-FX Notes, in respect of interest, pro rata based on the amount of Accrued Note Interest for each Note due on such Payment Date, up to an amount equal to
all Accrued Note Interest in respect of each Note of such Class for such Payment Date and, to the extent not previously paid, for all prior Payment Dates and (b) to the Floating Rate Account, the amount of interest on the Note Principal Balance
of the Class A-FL Notes of each Series accrued for such Payment Date at the Note Rate of (and determined on the same basis as) the Class A-FX Notes of such Series and, to the extent not previously paid, for all prior Payment Dates;

 Fourth, to the holders of the Class B Notes in respect of interest pro rata based on the amount
of Accrued Note Interest for each Note due on such Payment Date, up to an amount equal to all Accrued Note Interest in respect of each Note of such Class for such Payment Date and, to the extent not previously paid, for all prior Payment Dates;

 Fifth, to the holders of the Class C Notes in respect of interest pro rata based on the amount
of Accrued Note Interest for each Note due on such Payment Date, up to an amount equal to all Accrued Note Interest in respect of each Note of such Class for such Payment Date and, to the extent not previously paid, for all prior Payment Dates;

 Sixth, to the holders of the Class D Notes in respect of interest pro rata based on the amount
of Accrued Note Interest for each Note due on such Payment Date, up to an amount equal to all Accrued Note Interest in respect of each Note of such Class for such Payment Date and, to the extent not previously paid, for all prior Payment Dates;

 Seventh, to the holders of any Classes of Notes having a later alphabetical designation than the
Class D Notes, in alphabetical order and pro rata within each such Class, based on the applicable Note Rates in respect of interest, up to an amount equal to all Accrued Note Interest in respect of each Note of each such Class for such Payment Date
and, to the extent not previously paid, for all prior Payment Dates; 
 Eighth, to the Issuers,
until the Issuers have received an amount equal to the Monthly Operating Expense Amount for the next calendar month; 
 Ninth, to the Manager, the amount necessary to pay the accrued and unpaid Management Fee; 
 Tenth, to the Issuer Entity, the amount necessary to pay Operating Expenses of the Asset Entities in excess of the Monthly Operating Expense Amount that has been approved by the Servicer, if any; 
 Eleventh, to the Environmental Remediation Reserve Sub-Account until the balance of the Environmental
Remediation Reserve Sub-Account is equal to the Targeted Environmental Reserve Sub-Account Balance; 
 Twelfth, prior to the Anticipated Repayment Date, if a Cash Trap Condition is continuing and an Amortization Period is not then in effect and no Event of Default has occurred and is continuing, any amounts remaining in the
Collection Account after

  

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deposits for items first through eleventh above have been paid will be deposited into the Cash Trap Reserve Sub-Account; 
 Thirteenth, during an Amortization Period or the continuation of an Event of Default, any amounts remaining in
the Collection Account after deposits for items first through eleventh have been paid pro rata to the holders of the Class A-FX Notes and the Class A-FL Notes in respect of principal pro rata based on the Note Principal
Balance of each such Note on such Payment Date, up to an amount equal to the lesser of (a) the sum of the Class Principal Balance of the Class A-FX Notes and the Class A-FL Notes and (b) the Principal Payment Amount for such
Payment Date; 
 Fourteenth, during an Amortization Period or the continuation of an Event of
Default, any amounts remaining in the Collection Account after deposits for items for items first through eleventh have been paid, and after the Class Principal Balance of the Class A-FX Notes and the Class A-FL Notes has
been reduced to zero, to the holders of the Class B Notes in respect of principal pro rata based on the Note Principal Balance of each such Note, up to an amount equal to the lesser of (a) the Class Principal Balance of the Class B Notes and
(b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in redemption of the Class A-FX Notes and the Class A-FL Notes pursuant to clause thirteenth above;

 Fifteenth, during an Amortization Period or the continuation of an Event of Default, any amounts
remaining in the Collection Account after deposits for items first through eleventh have been paid, and after the Class Principal Balance of the Class A-FX Notes, the Class A-FL Notes and the Class B Notes has been reduced to
zero, to the holders of the Class C Notes in respect of principal pro rata based on the Note Principal Balance of each such Note, up to an amount equal to the lesser of (a) the Class Principal Balance of the Class C Notes and (b) the
excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in redemption of the Class A-FX Notes, the Class A-FL Notes and the Class B Notes pursuant to clauses thirteenth and
fourteenth above; 
 Sixteenth, during an Amortization Period or the continuation of an
Event of Default, any amounts remaining in the Collection Account after deposits for items first through eleventh have been paid, and after the Class Principal Balance of the Class A-FX Notes, the Class A-FL Notes, the Class
B Notes and the Class C Notes has been reduced to zero, to the holders of the Class D Notes in respect of principal pro rata based on the Note Principal Balance of each such Note, up to an amount equal to the lesser of (a) the Class Principal
Balance of Class D Notes and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in redemption of the Class A-FX Notes, the Class A-FL Notes, the Class B Notes and
the Class C Notes pursuant to clauses thirteenth, fourteenth and fifteenth above; 
 Seventeenth, during an Amortization Period or the continuation of an Event of Default, any amounts remaining in the Collection Account after deposits for items first through eleventh have been paid, and after the
Class Principal Balance of the Class A-FX Notes, the Class A-FL Notes, the Class B Notes, the Class C Notes and the Class D Notes has been reduced to zero, to the holders of any Classes of Notes having a later

  

 -10- 

 
alphabetical designation than the Class D Notes, in alphabetical order, in respect of principal pro rata based on the Note Principal Balance of each such Note on such Payment Date, up to an
amount equal to the lesser of (a) the Class Principal Balance of such Class and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in redemption of any Classes of Notes
having an earlier alphabetical designation than such Class; 
 Eighteenth, if an Amortization
Period is not then in effect and no Event of Default has occurred and is continuing, at any time after the Anticipated Repayment Date for a particular Series of Notes then Outstanding, any amounts remaining in the Collection Account after deposits
for items first through eleventh have been paid, pro rata to the holders of the Class A, B, C and D (or subsequent alphabetical designation) Notes of such Series and each other Series of Notes in respect of which the Anticipated
Repayment Date has occurred, in that order of alphabetical priority, in respect of principal pro rata based on the Note Principal Balance of each such Note on such Payment Date, up to an amount equal to the lesser of (a) the Class Principal
Balance of such Class of all such Series and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in redemption of any Classes of Notes of all such Series having an earlier
alphabetical designation than such Class of all such Series; 
 Nineteenth, after all payments and
reimbursements due to the Indenture Trustee and the Servicer have been fully satisfied and after the Outstanding principal balance of all Classes of Notes has been reduced to zero, to the holders of each Class of Notes, in alphabetical order based
on alphabetical designation (and not numerical designation), pro rata based upon the aggregate amount of Accrued Note Interest (determined, with respect to the Class A-FL Notes of each Series at the Note Rate of (and determined on the same
basis as) the Class A-FX Notes of such Series) for all prior Accrual Periods not paid to such holders of the Fixed Rate Notes or to the Floating Rate Account as a consequence of a Value Reduction Amount, the amount of such unpaid Accrued Note
Interest, with interest thereon at the applicable Note Rate (determined, with respect to the Class A-FL Notes of each Series, at the Note Rate of, and on the same basis as, the Class A-FX Notes of such Series) for the Notes of such Class
from the Payment Date on which each installment of such Accrued Note Interest was not paid to the date of payment thereof (such amount, the “Value Reduction Amount Interest Restoration Amount”); 
 Twentieth, after all payments and reimbursements due to the Indenture Trustee and the Servicer have been fully
satisfied, the Outstanding principal balance of all Classes of Notes has been reduced to zero, and the Value Reduction Amount Interest Restoration Amount, if any, has been paid, to the holders of each Class of Notes, in alphabetical order based on
alphabetical designation (and not numerical designation), first, pro rata based upon the amount of Post-ARD Additional Interest due, to the payment of Post-ARD Additional Interest and then, pro rata based on the amount of Deferred Post-ARD
Additional Interest due, to the payment of all Deferred Post-ARD Additional Interest due on such Class of Notes with any such amounts due to the Class A-FL Notes paid to the Floating Rate Account; and 
  

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 Twenty-first, to pay any remaining amounts to, or at the direction
of, the Issuer Entity.” 
 Section 4.08 Amendment to Payments of Principal. The following amendment to
Section 5.02 of the Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree that Section 5.02 shall be replaced in its entirety with the following: 
 “Section
5.02 Payments of Principal. On the Anticipated Repayment Date for any particular Series of Notes then Outstanding, if no Event of Default has occurred and is continuing, payment of principal on all Outstanding Notes of such particular Series
and each other Series of Notes in respect of which the Anticipated Repayment Date has occurred (and not any Series of Notes in respect of which the Anticipated Repayment Date has not occurred) will be made from Excess Cash Flow. Payments of
principal on all other Payment Dates shall be made in accordance with the provisions of Section 5.01 from amounts on deposit in the Collection Account which are available to pay principal, but only to the extent that the Principal Payment
Amount for such Payment Date is greater than zero.” 
 Section 4.09 Amendments to Disposition of Tower Sites.

 The following amendments to Section 7.32 of the Indenture shall be effective from and after the date that no Series
2006-1 Notes are Outstanding: 
 (a) The parties hereto agree that the marker “(a)” shall be inserted immediately
after the title “Disposition of Tower Sites” of Section 7.32 of the Indenture and before the body paragraph. 
 (b) The parties hereto agree that the penultimate sentence of Section 7.32(a) of the Indenture shall be amended such that the parenthetical “(except as set forth under Section 7.32(b) of this Indenture)” shall be
inserted after the phrase “In connection with dispositions of Tower Sites as permitted by this Section 7.32”. 
 (c) The parties hereto agree that Section 7.32 of the Indenture shall be amended such that the following shall be added after the amended Section 7.32(a): 
 “(b) Notwithstanding Sections 2.09(b), 7.24, 7.25 and 7.33, the Asset Entities may dispose of Tower Sites, the
related Space Licenses and other assets related to such Tower Sites (collectively, “Tower Assets”), and/or the Issuer Entity may dispose of one or more Asset Entities that owns Tower Assets, to one or more persons (including
affiliates of the Asset Entities) without the Servicer’s consent (provided that during a Special Servicing Period any such disposition shall require the consent of the Servicer); provided that (i) Rating Agency Confirmation
is received, (ii) the percentage of revenues for the Tower Sites owned by the Asset Entities and that are represented by wireless voice or data and investment grade Tenants (taken together) after such disposition is equal to or greater than the
percentage of revenues for the Tower Sites owned by the Asset Entities and that are represented by wireless voice or data and investment grade Tenants (taken together) immediately prior to such disposition, (iii) 
  

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 the Asset Entities (or the Issuer Entity, as the case may be) deliver a legal
non-consolidation opinion addressed to the Indenture Trustee and the Rating Agencies, (iv) immediately after such disposition, the percentage of revenues derived from Space Licenses with terms (which terms shall include any renewal periods as
if such renewals will occur) that exceed ten years is equal to or greater than (A) the percentage of revenues derived from Space Licenses with terms (which terms shall include any renewal periods as if such renewals will occur) that exceed ten
years immediately prior to such disposition minus (B) 2.5 percent, (v) immediately after such disposition, the percentage of Tower Sites that are Owned Fee Tower Sites or Leased Tower Sites with terms (which terms shall include any renewal
periods as if such renewals will occur) that exceed ten years is equal to or greater than 85 percent, (vi) immediately after such disposition, the percentage of Tower Sites that are located in the Top 100 BTA is equal to or greater than 65
percent and (vii) in no event shall the aggregate value (based on Annualized Run Rate Net Cash Flow as of the end of the most recent fiscal quarter prior to the date of such disposal) of the Tower Sites included in the Tower Assets that are
disposed of exceed the product of (A) the Series 2006 Collateral Ratio and (B) the aggregate value (based on Annualized Run Rate Net Cash Flow as of the end of the most recent fiscal quarter prior to the date of such disposal) of the Tower
Sites included in the Tower Assets owned by the Asset Entities immediately prior to such disposal; provided that the Servicer and the Indenture Trustee shall have been paid all outstanding Advances, Advance Interest, unpaid Additional Issuer
Expenses and all unpaid fees and expenses to the extent then due and payable to the Servicer and the Indenture Trustee, as applicable, under the Transaction Documents (in each case only to the extent sufficient funds for payment in full of such
amounts have not been deposited in the Collection Account for distribution on the applicable Payment Date). In addition, the Asset Entities may dispose of Tower Assets and/or the Issuer Entity may dispose of one or more Asset Entities that owns
Tower Assets, to one or more persons (including affiliates of the Asset Entities) without the Servicer’s consent (provided that during a Special Servicing Period any such disposition shall require the consent of the Servicer);
provided that (i) Rating Agency Confirmation is received, (ii) the percentage of revenues for the Tower Sites owned by the Asset Entities and that are represented by wireless voice or data and investment grade Tenants (taken
together) after such disposition is equal to or greater than the percentage of revenues for the Tower Sites owned by the Asset Entities and that are represented by wireless voice or data and investment grade Tenants (taken together) immediately
prior to such disposition, (iii) the Asset Entities (or the Issuer Entity, as the case may be) deliver a legal non-consolidation opinion addressed to the Indenture Trustee and the Rating Agencies, (iv) immediately after such disposition,
the percentage of revenues derived from Space Licenses with terms (which terms shall include any renewal periods as if such renewals will occur) that exceed ten years is equal to or greater than (A) the percentage of revenues derived from Space
Licenses with terms (which terms shall include any renewal periods as if such renewals will occur) that exceed ten years immediately prior to such disposition minus (B) 2.5 percent, (v) immediately after such disposition, the percentage of
Tower Sites that are Owned Fee Tower Sites or Leased Tower Sites with terms (which terms shall include any renewal periods as if such renewals will occur) that exceed ten years is equal to or greater than 85 percent, (vi) immediately after such

  

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 disposition, the percentage of Tower Sites that are located in the Top 100 BTA is equal to
or greater than 65 percent, (vii) the DSCR for each Class of Notes bearing the same alphabetical designation immediately after, and after giving effect to, such disposition and any prepayment or issuance of Notes of such Class occurring
concurrently with such disposition is not less than the DSCR for such Class immediately prior to such disposition and issuance or prepayment, if any, and (viii) in no event shall the aggregate value (based on Annualized Run Rate Net Cash Flow
as of the end of the most recent fiscal quarter prior to the date of such disposal) of the Tower Sites included in the Tower Assets owned by the Asset Entities immediately after such disposal pursuant to this provision be less than the product of
(A) (i) the aggregate principal amount of Notes Outstanding immediately after such disposal (after giving effect to any prepayment or issuance of any Notes concurrently with such disposal) divided by (ii) the aggregate principal amount of
all Notes Outstanding immediately prior to such disposal (without giving effect to any prepayment or issuance of any Notes concurrently with such disposal), and (B) the aggregate value (based on Annualized Run Rate Net Cash Flow as of the end
of the most recent fiscal quarter prior to the date of such disposal) of the Tower Sites included in the Tower Assets owned by the Asset Entities immediately prior to such disposal; provided that the Servicer and the Indenture Trustee shall
have been paid all outstanding Advances, Advance Interest, unpaid Additional Issuer Expenses and all unpaid fees and expenses to the extent then due and payable to the Servicer and the Indenture Trustee, as applicable, under the Transaction
Documents (in each case only to the extent sufficient funds for payment in full of such amounts have not been deposited in the Collection Account for distribution on the applicable Payment Date). In connection with any disposition or dissolution of
an Asset Entity in connection with this Section 7.32, any document or instrument prepared to effect such disposition or dissolution of such Asset Entity will be subject to the reasonable review of the Servicer.” 
 Section 4.10 Amendment to Application of Funds After Event of Default. The following amendment to Section 10.02(d) of the
Indenture shall be effective from and after the date that no Series 2006-1 Notes are Outstanding: 
 The parties hereto agree
that Section 10.02(d) of the Indenture shall be amended by replacing the words “nineteenth” with “twentieth”. 
 Section 4.11 Other Amendment. The following amendment to the Indenture shall be effective from and after the date of this Series 2010-1 Indenture Supplement: 
 The parties hereto agree that the penultimate sentence of Section 11.05(a) of the Indenture is hereby amended and restated in its
entirety as follows: “The Indenture Trustee Fee shall accrue during each Collection Period at the rate per annum equal to .0021% on the Outstanding Class Principal Balance of all Classes of Series 2006-1 Notes as of the end of the immediately
preceding Collection Period and at the rate per annum equal to .0021% on the Outstanding Class Principal Balance of all Classes of Series 2010-1 Notes, Series 2010-2 Notes and Series 2010-3 Notes as of the end of the immediately preceding Collection
Period (or, in the case of the initial Collection Period, on a principal balance equal to $1,900,000,000).” 
  

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 ARTICLE V 
 GENERAL PROVISIONS 
 Section 5.01 Date of
Execution. 
 This Series 2010-1 Indenture Supplement for convenience and for the purpose of reference is dated as of
January 15, 2010. 
 Section 5.02 Governing Law. 
 THIS SERIES 2010-1 INDENTURE SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT
REGARD TO ANY OF ITS PRINCIPLES OF CONFLICTS OF LAWS WHICH WOULD INVOKE THE SUBSTANTIVE LAW OF A DIFFERENT JURISDICTION) AS TO ALL MATTERS, INCLUDING WITHOUT LIMITATION, MATTERS OF VALIDITY, CONSTRUCTION, EFFECT, PERFORMANCE AND REMEDIES. THE
ISSUERS IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY NEW YORK STATE COURT OR UNITED STATES FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR IN RELATION
TO THIS INDENTURE SUPPLEMENT. 
 Section 5.03 Severability. 
 In case any provision in this Series 2010-1 Indenture Supplement 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 5.04
Counterparts. 
 This Series 2010-1 Indenture Supplement may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all such respective counterparts shall together constitute but one and the same instrument. 
 ARTICLE VI 
 APPLICABILITY OF INDENTURE 
 Section 6.01 Applicability. 
 The provisions of the Indenture are hereby ratified, approved and confirmed, except as otherwise expressly modified by this Series 2010-1 Indenture Supplement. The representations, warranties and
covenants contained in the Indenture (except as expressly modified herein) are hereby reaffirmed with the same force and effect as if fully set forth herein and made again as of the date hereof. 
  

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 [SIGNATURE PAGE FOLLOWS] 
  

 -16- 

 IN WITNESS WHEREOF, the Issuers and the Indenture Trustee have caused this Indenture to be
duly executed by their respective officers, thereunto duly authorized, all as of the day and year first above written. 
  

					
	 CROWN CASTLE TOWERS LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE SOUTH LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN COMMUNICATION INC., as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE PT INC., as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN COMMUNICATION NEW YORK, INC., as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer

					
	 CROWN CASTLE INTERNATIONAL CORP. DE PUERTO RICO, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE TOWERS 05 LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE PR LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE MU LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer
	
	 CROWN CASTLE MUPA LLC, as Issuer

		
	By:	 	 /s/ Jay A. Brown

		 	Name:	 	Jay A. Brown
		 	Title:	 	SVP, CFO & Treasurer

					
	 THE BANK OF NEW YORK MELLON, as successor to The Bank of New York as successor to JPMorgan Chase Bank, N.A., not in
its individual capacity but solely as Indenture Trustee

		
	By:	 	 /s/ Jared Fischer

		 	Name:	 	Jared Fischer
		 	Title:	 	Senior Associate

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