Document:

Schedule of Omitted Documents

 Exhibit 10.15 
 Schedule of Omitted Documents 
 of CNL Lifestyle Properties, Inc.

 Described below are lease agreements which have not been filed as exhibits to this registration statement pursuant to
Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibits 10.8 and 10.14 to this registration statement. 

Canyon Springs Golf Club, San Antonio, Texas, Third Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL
Income Canyon Springs, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 The Golf Club at Cinco Ranch, Katy, Texas,
Third Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Cinco Ranch, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 The Golf Club at Fossil Creek, Fort Worth, Texas, Fourth Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Fossil Creek, LLC and Assigns, and Evergreen Alliance Golf
Limited, L.P. 
 Plantation Golf Club, Frisco, Texas, Third Amended and Restated Lease Agreement dated as of March 31, 2009
between CNL Income Plantation, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 Clear Creek Golf Club, Houston,
Texas, Second Amended and Restated Sub-Concession Agreement dated as of March 31, 2009 between CNL Income Clear Creek, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 

Lake Park Golf Club, Lewisville, Texas, Third Amended and Restated Sub-Concession Agreement dated as of March 31, 2009 between CNL
Income Lake Park, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 Mansfield National Golf Club, Mansfield, Texas,
Third Amended and Restated Sublease Agreement dated as of March 31, 2009 between CNL Income Mansfield, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 Mesa Del Sol Golf Club, Yuma, Arizona, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Mesa Del Sol, LLC and Evergreen Alliance Golf Limited, L.P.

 LakeRidge Country Club, Lubbock, Texas, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between
CNL Income LakeRidge, LLC and Evergreen Alliance Golf Limited, L.P. 
 Royal Meadows Golf Club, Kansas City, Missouri, Second
Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Royal Meadows, LLC and Evergreen Alliance Golf Limited, L.P. 
 Painted Hills Golf Club, Kansas City, Missouri, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Painted Hills, LLC and Evergreen Alliance Golf Limited, L.P.

 Fox Meadow Country Club, Medina, Ohio, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL
Income Fox Meadow, LLC and Evergreen Alliance Golf Limited, L.P. 
 Weymouth Country Club, Medina, Ohio, Second Amended and
Restated Lease Agreement dated as of March 31, 2009 between CNL Income Weymouth, LLC and Evergreen Alliance Golf Limited, L.P. 
 Signature of Solon Country Club, Solon, Ohio, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Signature of Solon, LLC and Evergreen Alliance Golf Limited,
L.P. 
 Tatum Ranch Golf Club, Cave Creek, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between
CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Arrowhead Golf Club,
Littleton, Colorado, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Continental Golf Course, Scottsdale, Arizona Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL
Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

 Desert Lakes Golf Course, Bullhead City, Arizona, Amended and Restated Lease Agreement dated
as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Foothills Country Club, Phoenix, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009, between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf
Limited, L.P., as Tenant. 
 Kokopelli Golf Club, Gilbert, Arizona, Amended and Restated Lease Agreement dated as of
March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Legend at Arrowhead, Glendale, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited,
L.P., as Tenant. 
 London Bridge Golf Club, Lake Havasu, Arizona, Amended and Restated Lease Agreement dated as of
March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Stonecreek Golf Club, Phoenix, Arizona, Amended and Restated Lease and Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance
Golf Limited, L.P., as Tenant. 
 Superstition Springs Golf Club, Mesa, Arizona, Amended and Restated Lease Agreement dated as of
March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Eagle Brook Country Club, Geneva, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited,
L.P., as Tenant. 
 Arrowhead Country Club, Glendale, Arizona, Amended and Restated Lease Agreement dated as of March 31,
2009 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Painted
Desert Golf Club, Las Vegas, Nevada, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Mission Hills Country Club, Northbrook, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income
EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Ruffled Feathers Golf Club, Lemont,
Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Tamarack Country Club, Naperville, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL
North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Majestic Oaks Golf Club, Ham Lake,
Minnesota, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Deer Creek Golf Club, Overland Park, Kansas, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL
West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Tallgrass Country Club, Wichita, Kansas,
Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Midwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

 Meadowbrook Golf & Country Club, Tulsa, Oklahoma, Amended and Restated Lease
Agreement dated as of March 31, 2009 between CNL Income EAGL Midwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Hunt Valley Golf Club, Phoenix, Maryland, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Mideast Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited,
L.P., as Tenant. 
 David L. Baker Memorial Golf Course, Fountain Valley, California, Amended and Restated Sub-Concession
Agreement dated as of March 31, 2009 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Shandin Hills Golf Course, San Bernardino, California, Amended and Restated Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 
 The Norman K. Probstein Community Golf Courses and Youth Learning Center in Forest
Park, St. Louis, Missouri, Amended and Restated Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Micke Grove Golf Course, Lodi, California, Amended and Restated Sub-Sublease Agreement dated as of March 31, 2009 between CNL Income
EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Meadowlark Golf Course,
Huntington Beach, California, Amended and Restated Sub-Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Meadowlark, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Las Vegas Municipal Golf Course, Las Vegas, Nevada, Amended and Restated Sub-Management Agreement dated as of March 31, 2009 between
CNL Income EAGL Las Vegas, LLC and Evergreen Alliance Golf Limited, L.P. 
 Cowboys Golf Club, Grapevine, Texas, Amended and
Restated Sub-Sublease Agreement dated as of March 31, 2009 between Grapevine Golf Club, L.P. and assigns, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Canyon Springs Golf Club, San Antonio, Texas, First Amendment to Third Amended and Restated Lease Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income Canyon Springs, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 The Golf Club at Cinco Ranch, Katy, Texas, First Amendment to Third Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Cinco
Ranch, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 The Golf Club at Fossil Creek, Fort Worth, Texas, First
Amendment to Fourth Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Fossil Creek, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 

Plantation Golf Club, Frisco, Texas, First Amendment to Third Amended and Restated Lease Agreement entered into as of April 6, 2011
and effective January 1, 2011 between CNL Income Plantation, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 

Clear Creek Golf Club, Houston, Texas, First Amendment to Second Amended and Restated Sub-Concession Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income Clear Creek, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 Lake Park Golf Club, Lewisville, Texas, First Amendment to Third Amended and Restated Sub-Concession Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income
Lake Park, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 
 Mansfield National Golf Club, Mansfield, Texas, First
Amendment to Third Amended and Restated Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Mansfield, LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 

 Mesa Del Sol Golf Club, Yuma, Arizona, First Amendment to Second Amended and Restated Lease
Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Mesa Del Sol, LLC and Evergreen Alliance Golf Limited, L.P. 
 LakeRidge Country Club, Lubbock, Texas, First Amendment to Second Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income
LakeRidge, LLC and Evergreen Alliance Golf Limited, L.P. 
 Royal Meadows Golf Club, Kansas City, Missouri, First Amendment to
Second Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Royal Meadows, LLC and Evergreen Alliance Golf Limited, L.P. 

Painted Hills Golf Club, Kansas City, Missouri, First Amendment to Second Amended and Restated Lease Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income Painted Hills, LLC and Evergreen Alliance Golf Limited, L.P. 
 Fox Meadow Country Club, Medina, Ohio, First Amendment to Second Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Fox
Meadow, LLC and Evergreen Alliance Golf Limited, L.P. 
 Weymouth Country Club, Medina, Ohio, First Amendment to Second Amended
and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income Weymouth, LLC and Evergreen Alliance Golf Limited, L.P. 
 Signature of Solon Country Club, Solon, Ohio, First Amendment to Second Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income
Signature of Solon, LLC and Evergreen Alliance Golf Limited, L.P. 
 Tatum Ranch Golf Club, Cave Creek, Arizona, First Amendment
to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Arrowhead Golf Club, Littleton, Colorado, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011
and effective January 1, 2011 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Continental Golf Course, Scottsdale, Arizona First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL
Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Desert Lakes Golf Course, Bullhead
City, Arizona, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as
Tenant. 
 Foothills Country Club, Phoenix, Arizona, First Amendment to Amended and Restated Lease Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Kokopelli Golf Club, Gilbert, Arizona, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Legend at Arrowhead, Glendale, Arizona, First
Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

London Bridge Golf Club, Lake Havasu, Arizona, First Amendment to Amended and Restated Lease Agreement entered into as of April 6,
2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Stonecreek Golf Club, Phoenix, Arizona, First Amendment to Amended and Restated Lease and Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income
EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

 Superstition Springs Golf Club, Mesa, Arizona, First Amendment to Amended and Restated Lease
Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Eagle Brook Country Club, Geneva, Illinois, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011
and effective January 1, 2011 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Arrowhead Country Club, Glendale, Arizona, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL
Southwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Painted Desert Golf Club, Las Vegas,
Nevada, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant.

 Mission Hills Country Club, Northbrook, Illinois, First Amendment to Amended and Restated Lease Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Ruffled Feathers Golf Club, Lemont, Illinois, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL North
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Tamarack Country Club, Naperville, Illinois,
First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Majestic Oaks Golf Club, Ham Lake, Minnesota, Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective
January 1, 2011 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Deer Creek Golf Club, Overland Park, Kansas, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011
and effective January 1, 2011 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Tallgrass Country Club, Wichita, Kansas, First Amendment to Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Midwest
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Meadowbrook Golf & Country Club, Tulsa,
First Amendment to Oklahoma, Amended and Restated Lease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Midwest Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant.

 Hunt Valley Golf Club, Phoenix, Maryland, First Amendment to Amended and Restated Lease Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Mideast Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 David L. Baker Memorial Golf Course, Fountain Valley, California, First Amendment to Amended and Restated Sub-Concession Agreement entered into as of April 6, 2011 and effective January 1, 2011
between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Shandin Hills
Golf Course, San Bernardino, California, First Amendment to Amended and Restated Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 
 The Norman K. Probstein Community Golf Courses and Youth Learning Center in Forest
Park, St. Louis, Missouri, First Amendment to Amended and Restated Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf
Limited, L.P., as Tenant. 
 Micke Grove Golf Course, Lodi, California, First Amendment to Amended and Restated Sub-Sublease
Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

 Meadowlark Golf Course, Huntington Beach, California, First Amendment to Amended and
Restated Sub-Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Meadowlark, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

Las Vegas Municipal Golf Course, Las Vegas, Nevada, First Amendment to Amended and Restated Sub-Management Agreement entered into as of
April 6, 2011 and effective January 1, 2011 between CNL Income EAGL Las Vegas, LLC and Evergreen Alliance Golf Limited, L.P. 
 Cowboys Golf Club, Grapevine, Texas, First Amendment to Amended and Restated Sub-Sublease Agreement entered into as of April 6, 2011 and effective January 1, 2011 between Grapevine Golf Club,
L.P. and assigns, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 
 Described below are loan
agreements/mortgages which have not been filed as exhibits to this registration statement pursuant to Instruction 2 of Item 601 of Regulation S-K. 
 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL West Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Arrowhead Golf Club, Littleton,
Colorado). 
 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower,
to The Prudential Insurance Company of America, Lender (Deer Creek Golf Club, Overland Park, Kansas). 
 Mortgage and Security
Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Eagle Brook Country Club, Geneva, Illinois). 

Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Mideast Golf, LLC, Borrower, to The Prudential
Insurance Company of America, Lender (Hunt Valley Golf Club, Phoenix, Maryland). 
 Deed of Trust and Security Agreement dated as
of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Legend at Arrowhead Golf Resort, Glendale, Arizona). 

Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential
Insurance Company of America, Lender (Majestic Oaks Golf Club, Ham Lake, Minnesota). 
 Deed of Trust and Security Agreement
dated as of January 25, 2008 by CNL Income EAGL West Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Painted Desert Golf Club, Las Vegas, Nevada). 

Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential
Insurance Company of America, Lender (Ruffled Feathers Golf Club, Lemont, Illinois). 
 Fee and Leasehold Deed of Trust dated as
of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Stonecreek Golf Club, Phoenix, Arizona). 
 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Tallgrass Country Club, Wichita,
Kansas). 
 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC,
Borrower, to The Prudential Insurance Company of America, Lender (Tatum Ranch Golf Club, Cave Creek, Arizona). 
 Deed of Trust
and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Arrowhead Country Club, Glendale, Arizona). 

Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential
Insurance Company of America, Lender (Continental Golf Course, Scottsdale, Arizona). 
 Deed of Trust and Security Agreement
dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Foothills Golf Club, Phoenix, Arizona). 

 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL
Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Kokopelli Golf Club, Gilbert, Arizona). 

Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, as Landlord, Borrower, to
The Prudential Insurance Company of America, Lender (London Bridge Golf Course, Lake Havasu, Arizona). 
 Mortgage and Security
Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Meadowbrook Golf & Country Club, Tulsa, Oklahoma). 

Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential
Insurance Company of America, Lender (Superstition Springs Golf Club, Mesa, Arizona). 
 Mortgage and Security Agreement dated as
of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America, Lender (Tamarack Golf Club Naperville, Illinois). 
 Described below are articles of incorporation, or instruments corresponding thereto, and any amendments, of the Registrant Guarantors which have not been filed as exhibits to this registration
statement pursuant to Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibit 3.10 to this registration statement. 

CNL Income Bear Creek, LLC Certificate of Formation filed in Delaware August 10, 2006 
 CNL Income Beaver Creek Marina, LLC Certificate of Formation filed in Delaware October 27, 2006 
 CNL Income Brady Mountain Marina, LLC Certificate of Formation filed in Delaware August 15, 2007 
 CNL Income Brighton, LLC Certificate of Formation dated filed in Delaware October 3, 2006 

CNL Income Burnside Marina, LLC Certificate of Formation filed in Delaware October 27, 2006 
 CNL Income Canyon Springs, LLC Certificate of Formation filed in Delaware October 26, 2006 

CNL Income Cinco Ranch, LLC Certificate of Formation filed in Delaware October 26, 2006 
 CNL Income Clear Creek, LLC Certificate of Formation filed in Delaware October 26, 2006 
 CNL
Income EAGL Las Vegas, LLC Certificate of Formation filed in Delaware November 1, 2007 
 CNL Income EAGL Leasehold Golf, LLC Certificate of
Formation filed in Delaware November 1, 2007 
 CNL Income EAGL Meadowlark, LLC Certificate of Formation filed in Delaware November 1,
2007 
 CNL Income EAGL Mideast Golf, LLC Certificate of Formation filed in Delaware November 1, 2007 

CNL Income EAGL Midwest Golf, LLC Certificate of Formation filed in Delaware November 1, 2007 

CNL Income EAGL North Golf, LLC Certificate of Formation filed in Delaware November 1, 2007 
 CNL Income EAGL Southwest Golf, LLC Certificate of Formation filed in Delaware November 1, 2007 
 CNL Income EAGL West Golf, LLC Certificate of Formation filed in Delaware November 1, 2007 

CNL Income Eagle Cove Marina, LLC Certificate of Formation filed in Delaware July 3, 2007 
 CNL Income Enchanted Village, LLC Certificate of Formation filed in Delaware January 18, 2007 

CNL Income FEC Bakersfield, LLC Certificate of Formation filed in Delaware September 12, 2006 

CNL Income FEC Charlotte, LLC Certificate of Formation filed in Delaware September 12, 2006 
 CNL Income FEC Knoxville, LLC Certificate of Formation filed in Delaware September 12, 2006 

CNL Income FEC North Houston, LLC Certificate of Formation filed in Delaware September 12, 2006 

CNL Income FEC Richland Hills, LLC Certificate of Formation filed in Delaware September 12, 2006 

CNL Income FEC South Houston, LLC Certificate of Formation filed in Delaware September 12, 2006 

CNL Income FEC Tampa, LLC Certificate of Formation filed in Delaware September 12, 2006 
 CNL Income FEC Tempe, LLC Certificate of Formation filed in Delaware September 12, 2006 
 CNL
Income FEC Tucson, LLC Certificate of Formation filed in Delaware September 12, 2006 

 CNL Income Fossil Creek, LLC Certificate of Formation filed in Delaware October 26, 2006 

CNL Income Fox Meadow, LLC Certificate of Formation filed in Delaware November 3, 2006 
 CNL Income Hawaiian Waters, LLC Certificate of Formation filed in Delaware February 4, 2009 

CNL Income Holly Creek Marina, LLC Certificate of Formation filed in Delaware July 3, 2007 
 CNL Income Lake Park, LLC Certificate of Formation filed in Delaware October 26, 2006 
 CNL
Income Lakefront Marina, LLC Certificate of Formation filed in Delaware October 27, 2006 
 CNL Income Lakeridge, LLC Certificate of
Formation filed in Delaware November 3, 2006 
 CNL Income Loon Mountain, LLC Certificate of Formation filed in Delaware August 29,
2006 
 CNL Income Magic Spring, LLC Certificate of Formation filed in Delaware December 6, 2006 

CNL Income Mansfield, LLC Certificate of Formation filed in Delaware October 26, 2006 
 CNL Income Mesa Del Sol, LLC Certificate of Formation filed in Delaware November 3, 2006 
 CNL
Income Northstar Commercial, LLC Certificate of Formation filed in Delaware August 7, 2007 
 CNL Income Northstar, LLC Certificate of
Formation filed in Delaware August 29, 2006 
 CNL Income Painted Hills, LLC Certificate of Formation filed in Delaware November 3,
2006 
 CNL Income Palmetto, LLC Certificate of Formation filed in Delaware October 19, 2006 

CNL Income Pier 121 Marina, LLC Certificate of Formation filed in Delaware October 27, 2006 
 CNL Income Plantation, LLC Certificate of Formation filed in Delaware October 26, 2006 
 CNL
Income Royal Meadows, LLC Certificate of Formation filed in Delaware November 3, 2006 
 CNL Income Sandusky Marina, LLC Certificate of
Formation filed in Delaware October 27, 2006 
 CNL Income Sierra, LLC Certificate of Formation filed in Delaware August 29, 2006

 CNL Income Signature of Solon, LLC Certificate of Formation filed in Delaware November 3, 2006 

CNL Income Snoqualmie, LLC Certificate of Formation filed in Delaware August 29, 2006 
 CNL Income South Mountain, LLC Certificate of Formation filed in Delaware May 16, 2006 
 CNL
Income Traditional Golf I, LLC Amendment to Certificate of Formation filed in Delaware February 4, 2008 
 CNL Income Traditional Golf I,
LLC Certificate of Formation filed in Delaware July 22, 2005 
 CNL Income Weston Hills, LLC Certificate of Formation filed in Delaware
August 31, 2006 
 CNL Income Weymouth, LLC Certificate of Formation filed in Delaware November 3, 2006 

Described below are articles of incorporation, or instruments corresponding thereto, and any amendments, of the Registrant Guarantors
which have not been filed as exhibits to this registration statement pursuant to Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibits 3.13 and 3.14 to this registration
statement. 
 CNL Beaver Creek Marina TRS Corp. Certificate of Incorporation filed in Delaware December 4, 2006 

CNL Beaver Creek Marina TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Burnside Marina TRS Corp. Certificate of Incorporation filed in Delaware December 4, 2006 

CNL Burnside Marina TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Income Brady Mountain Marina TRS Corp. Amended and Restated Certificate of Incorporation filed in Delaware March 5, 2010 

CNL Income Brady Mountain Marina TRS Corp. Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5,
2011 
 CNL Income Brighton TRS Corp. Amended and Restated Certificate of Incorporation filed in Delaware March 21, 2007 

CNL Income Brighton TRS Corp. Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5, 2011

 CNL Income Eagle Cove Marina TRS Corp. Certificate of Incorporation filed in Delaware July 3, 2007

 CNL Income Eagle Cove Marina TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 4, 2011

 CNL Income Enchanted Village TRS Corp. Certificate of Incorporation filed in Delaware January 19, 2007 

CNL Income Enchanted Village TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Income Hawaiian Waters TRS Corp. Certificate of Incorporation file in Delaware d February 4, 2009 

CNL Income Hawaiian Waters TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Income Holly Creek Marina TRS Corp. Amended and Restated Certificate of Incorporation filed in Delaware March 5, 2010 

CNL Income Holly Creek Marina TRS Corp. Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5, 2011

 CNL Income Loon Mountain TRS Corp Amended and Restated Certificate of Incorporation filed in Delaware March 22, 2007 

CNL Income Loon Mountain TRS Corp Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5, 2011

 CNL Income Magic Spring TRS Corp. Certificate of Incorporation filed in Delaware December 7, 2006 

CNL Income Magic Spring TRS Corp. Certificate of Amendment to Certificate of Incorporation filed in Delaware April 4, 2011 

CNL Income Sierra TRS Corp. Amended and Restated Certificate of Incorporation filed in Delaware March 21, 2007 

CNL Income Sierra TRS Corp. Certificate of Amendment to Amended and Restated Certificate of Incorporation filed April 5, 2011 

CNL Income Snoqualmie TRS Corp. Amended and Restated Certificate of Incorporation filed in Delaware March 22, 2007 

CNL Income Snoqualmie TRS Corp. Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5, 2011

 CNL Lakefront Marina TRS Corp Certificate of Incorporation filed in Delaware December 4, 2006 

CNL Lakefront Marina TRS Corp Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Pier 121 Marina TRS Corp Amended and Restated Certificate of Incorporation filed in Delaware March 5, 2010 

CNL Pier 121 Marina TRS Corp Certificate of Amendment to Amended and Restated Certificate of Incorporation filed in Delaware April 5, 2011

 CNL Sandusky Marina TRS Corp Certificate of Incorporation filed in Delaware December 4, 2006 

CNL Sandusky Marina TRS Corp Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

CNL Lakefront Marina TRS Corp Certificate of Incorporation filed in Delaware December 4, 2006 

CNL Lakefront Marina TRS Corp Certificate of Amendment to Certificate of Incorporation filed in Delaware April 5, 2011 

Described below are articles of incorporation, or instruments corresponding thereto, and any amendments, of the Registrant Guarantors
which have not been filed as exhibits to this registration statement pursuant to Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibit 3.18 to this registration statement.

 CNL Income Colony, LP Certificate of Limited Partnership filed in Delaware April 19, 2006 

CNL Income Garland, LP Certificate of Limited Partnership filed in Delaware April 19, 2006 

 Described below are bylaws, or instruments corresponding thereto, and any amendments, of
the registrant guarantor entities which have not been filed as exhibits to this registration pursuant to Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibits 3.11 and 3.12
to this registration statement. 
 CNL Income Bear Creek, LLC Limited Liability Company Agreement effective August 10, 2006 

CNL Income Bear Creek, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Beaver Creek Marina, LLC Limited Liability Company Agreement effective October 27, 2006 

CNL Income Beaver Creek Marina, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Brady Mountain Marina, LLC Amended and Restated Limited Liability Company Agreement effective August 15, 2007 

CNL Income Brady Mountain Marina, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

CNL Income Brighton, LLC Amended and Restated Limited Liability Company Agreement effective March 21, 2007 

CNL Income Brighton, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

CNL Income Burnside Marina, LLC Limited Liability Company Agreement effective October 27, 2006 

CNL Income Burnside Marina, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Canyon Springs, LLC Limited Liability Company Agreement effective October 26, 2006 

CNL Income Canyon Springs, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Cinco Ranch, LLC Limited Liability Company Agreement effective October 26, 2006 
 CNL Income Cinco Ranch, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Clear Creek, LLC Limited Liability Company Agreement effective October 26, 2006 

CNL Income Clear Creek, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL Las Vegas, LLC Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL Las Vegas, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL Leasehold Golf, LLC Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL Leasehold Golf, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL Meadowlark, LLC Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL Meadowlark, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL Mideast Golf, LLC Amended and Restated Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL Mideast Golf, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL Midwest Golf, LLC Amended and Restated Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL Midwest Golf, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

CNL Income EAGL North Golf, LLC Amended and Restated Limited Liability Company Agreement effective November 1, 2007 

CNL Income EAGL North Golf, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

 CNL Income EAGL Southwest Golf, LLC Amended and Restated Limited Liability Company Agreement effective
November 1, 2007 
 CNL Income EAGL Southwest Golf, LLC First Amendment to Amended and Restated Limited Liability Company Agreement
effective April 5, 2011 
 CNL Income EAGL West Golf, LLC Amended and Restated Limited Liability Company Agreement effective
November 1, 2007 
 CNL Income EAGL West Golf, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective
April 5, 2011 
 CNL Income Eagle Cove Marina, LLC Limited Liability Company Agreement effective July 3, 2007 

CNL Income Eagle Cove Marina, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Enchanted Village, LLC Limited Liability Company Agreement effective January 18, 2007 

CNL Income Enchanted Village, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Bakersfield, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC Bakersfield, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Charlotte, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC Charlotte, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Knoxville, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC Knoxville, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC North Houston, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC North Houston, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Richland Hills, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC Richland Hills, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC South Houston, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC South Houston, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Tampa, LLC Limited Liability Company Agreement effective September 12, 2006 
 CNL Income FEC Tampa, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income FEC Tempe, LLC Limited Liability Company Agreement effective September 12, 2006 

CNL Income FEC Tempe, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income FEC Tucson, LLC Limited Liability Company Agreement effective September 12, 2006 
 CNL Income Fossil Creek, LLC Limited Liability Company Agreement effective October 26, 2006 

CNL Income Fossil Creek, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Fox Meadow, LLC Limited Liability Company Agreement effective November 3, 2006 
 CNL Income Fox Meadow, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Hawaiian Waters, LLC Limited Liability Company Agreement effective February 4, 2009 

CNL Income Hawaiian Waters, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Holly Creek Marina, LLC Amended and Restated Limited Liability Company Agreement effective July 3, 2007 

CNL Income Holly Creek Marina, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 

CNL Income Lake Park, LLC Limited Liability Company Agreement effective October 26, 2006 

 CNL Income Lake Park, LLC First Amendment to Limited Liability Company Agreement effective April 5,
2011 
 CNL Income Lakefront Marina, LLC Limited Liability Company Agreement effective October 27, 2006 

CNL Income Lakefront Marina, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Lakeridge, LLC Limited Liability Company Agreement effective November 3, 2006 
 CNL Income Lakeridge, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Loon Mountain, LLC Amended and Restated Limited Liability Company Agreement effective August 29, 2006 
 CNL Income Loon Mountain, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Magic Spring, LLC Limited Liability Company Agreement effective December 6, 2006 

CNL Income Magic Spring, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Mansfield, LLC Limited Liability Company Agreement effective October 26, 2006 
 CNL Income Mansfield, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Mesa Del Sol, LLC Limited Liability Company Agreement effective November 3, 2006 

CNL Income Mesa Del Sol, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Northstar Commercial, LLC Limited Liability Company Agreement effective August 7, 2007 

CNL Income Northstar Commercial, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Northstar, LLC Limited Liability Company Agreement effective August 29, 2006 
 CNL Income Northstar, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Painted Hills, LLC Limited Liability Company Agreement effective November 3, 2006 

CNL Income Painted Hills, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Palmetto, LLC Limited Liability Company Agreement effective October 19, 2006 
 CNL Income Palmetto, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Pier 121 Marina, LLC Amended and Restated Limited Liability Company Agreement effective October 27, 2006 
 CNL Income Pier 121 Marina, LLC First Amendment to Amended and Restated Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Plantation, LLC Limited Liability Company Agreement effective October 26, 2006 

CNL Income Plantation, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Royal Meadows, LLC Limited Liability Company Agreement effective November 3, 2006 
 CNL Income Royal Meadows, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 CNL Income Sandusky Marina, LLC Limited Liability Company Agreement effective October 27, 2006 

CNL Income Sandusky Marina, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Sierra, LLC Amended and Restated Limited Liability Company Agreement effective March 21, 2007 

CNL Income Sierra, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Signature of Solon, LLC Limited Liability Company Agreement effective November 3, 2006 

CNL Income Snoqualmie, LLC Amended and Restated Limited Liability Company Agreement effective March 21, 2007 

CNL Income South Mountain, LLC Amended and Restated Limited Liability Company Agreement effective May 24, 2006 

 CNL Income Traditional Golf I, LLC Amended and Restated Limited Liability Company Agreement effective
July 22, 2008 
 CNL Income Weston Hills, LLC Limited Liability Company Agreement effective August 31, 2006 

CNL Income Weston Hills, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 

CNL Income Weymouth, LLC Limited Liability Company Agreement effective November 3, 2006 
 CNL Income Weymouth, LLC First Amendment to Limited Liability Company Agreement effective April 5, 2011 
 Described below are bylaws, or instruments corresponding thereto, and any amendments, of the registrant guarantor entities which have not been filed as exhibits to this registration pursuant to
Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibit 3.15 to this registration statement. 
 CNL Beaver Creek Marina TRS Corp. Bylaws effective December 4, 2006 
 CNL Burnside Marina TRS
Corp. Bylaws effective April 5, 2011 
 CNL Income Brady Mountain Marina TRS Corp. Bylaws effective March 5, 2010 

CNL Income Brighton TRS Corp. Bylaws effective March 21, 2007 
 CNL Income Eagle Cove Marina TRS Corp. Bylaws effective July 3, 2007 
 CNL Income Enchanted
Village TRS Corp. Bylaws effective January 19, 2007 
 CNL Income Hawaiian Waters TRS Corp. Bylaws effective February 4, 2009

 CNL Income Holly Creek Marina TRS Corp. Bylaws effective March 5, 2010 
 CNL Income Loon Mountain TRS Corp Bylaws effective March 22, 2007 
 CNL Income Magic Spring
TRS Corp. Bylaws effective December 7, 2006 
 CNL Income Sierra TRS Corp. Bylaws effective March 21, 2007 

CNL Income Snoqualmie TRS Corp. Bylaws effective September 27, 2006 
 CNL Lakefront Marina TRS Corp Bylaws effective December 4, 2006 
 CNL Pier 121 Marina TRS Corp
Bylaws effective March 5, 2010 
 CNL Sandusky Marina TRS Corp Bylaws effective December 4, 2006 

CNL Lakefront Marina TRS Corp Bylaws effective December 4, 2006 
 Described below are bylaws, or instruments corresponding thereto, and any amendments, of the registrant guarantor entities which have not been filed as exhibits to this registration pursuant to
Instruction 2 of Item 601 of Regulation S-K. These documents are substantially identical in all material respects to exhibits 3.19 and 3.20 to this registration statement. 
 CNL Income Colony, LP Limited Partnership Agreement effective April 19, 2006 
 CNL Income
Colony, LP First Amendment to Limited Partnership Agreement effective April 5, 2011 
 CNL Income Garland, LP Limited Partnership Agreement
effective April 19, 2006 
 CNL Income Garland, LP First Amendment to Limited Partnership Agreement effective April 5, 2011LIMITATION OF LIABILITY AGREEMENT

 Exhibit 4.1 
 (Translation) 
 LIMITATION OF LIABILITY AGREEMENT 

NOMURA HOLDINGS, INC. (hereinafter, the “Company”) and              (hereinafter,
the “Outside Director”) hereby agree to enter into this agreement as provided for under Article 33 Paragraph 2 of the Articles of Incorporation of the Company (hereinafter, the “Agreement”) in accordance with that Article.

 Article 1 
 On or after the
execution of this Agreement, in the event that the Outside Director, in good faith and without gross negligence in performing his or her duties, incurs liability to compensate the Company under Article 423 Paragraph 1 of the Companies Act
(hereinafter, the “Relevant Liability”), the Company shall limit the Outside Director’s Relevant Liability to the higher of 20 million yen or the sum of the following items: 

 

	(1)	the total amount of remuneration, bonus or other consideration received, or economic benefit accrued by, the Outside Director while in office as an outside director of
the Company (hereinafter, “Shagai-torishimariyaku”) for the performance of his or her duties as a Shagai-torishimariyaku, in the fiscal year in which the facts causing the Relevant Liability arose; or in any prior fiscal year, whichever is
the highest amount, multiplied by two (2); and 

  

	(2)	the total amount of retirement bonus or other economic benefit of a similar nature received by the Outside Director from the Company divided by: the number of years
served by the Outside Director as a Shagai-torishimariyaku (hereinafter, “Years of Service”), or two (2) where the Years of Service is less than two (2) years. 

 

	(3)	the amount determined according to the following categories as set forth in items (a) and (b) below: 

 

	 	(a)	In the event that, following his or her appointment to office, the Outside Director exercises Company stock acquisition rights (excluding those which may have been
received by the Outside Director from the Company as compensation for the execution of duty) if any (hereinafter, the “Relevant Stock Acquisition Rights”): the amount calculated by the multiplying the current price of the Relevant Stock
Acquisition Rights per relevant share at the time of exercise thereof, less the total of the amount as provided for in Article 236 Paragraph 1, Item 2 of the Companies Act and the paid-in price as provided for in Article 238, Paragraph 1,
Item 3 of the Companies Act, per share, which shall be issued upon exercise of the Relevant Stock Acquisition Rights (if the amount so calculated is zero or less, then zero), multiplied by the number of shares of the Company delivered to the
Outside Director on exercise thereof; or 

  

	 	(b)	In the event that, following his or her appointment to office, the Outside Director transfers Relevant Stock Acquisition Rights: the amount calculated by multiplying
the transfer price of Relevant Stock Acquisition Rights less the paid-in price as provided for in Article 238, Paragraph 1, Item 3 of the Companies Act, by the number of the Relevant Stock Acquisition Rights. 

Article 2 
 The Company may request the
Outside Director to provide any information necessary for determining whether or not a Relevant Liability exists and the amount up to which any such Relevant Liability may be limited. 
 Article 3 
 1.    In the event that a limitation of the Outside
Director’s Relevant Liability is applied pursuant to Article 1 of this Agreement, the Outside Director shall not receive any amount of retirement bonus or other economic benefit of a similar nature from the Company, or exercise or transfer
Company stock acquisition rights without approval at a meeting of the shareholders of the Company. 

 2.    In the event that an Outside Director possesses a certificate of stock acquisition
rights representing Company stock acquisition rights where a limitation of the Outside Director’s Relevant Liability has been applied pursuant to Article 1 of this Agreement, the Outside Director shall be required to deposit such certificate of
stock acquisition rights with the Company without delay and shall not be permitted to demand the return of the such certificate without approval at a meeting of the shareholders for such transfer. 

Article 4 
 In the event that the Outside
Director becomes an executive director, executive officer or manager or any other employee of the Company or any subsidiary of the Company, this Agreement shall be of no effect from such time onwards. 

Article 5 
 Any matters not covered under
this Agreement shall be resolved through mutual consultation between the Company and the Outside Director. 
 IN WITNESS WHEREOF, this Agreement
shall be executed as of the date below by the parties hereto in duplicate, with each party retaining a counterpart hereof. 
 [Date] 

 

	
	
	 NOMURA HOLDINGS, INC.
  

 

	
	 OUTSIDE DIRECTOR

	
	  

  
 2

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