Document:

Exhibit 10.19

     

    FIRST AMENDMENT TO THE

      PREMISES LEASE AND USE AGREEMENT

     

    THIS FIRST AMENDMENT TO THE PREMISES LEASE AND USE AGREEMENT (the “First Amendment”) is made by
      and among the THE GREATER ORLANDO AVIATION AUTHORITY, a public and governmental body created as an agency of the City, existing under and by virtue of the laws of the State of Florida, whose mailing address is
      One Jeff Fuqua Boulevard, Orlando, Florida 32827-4399 (the “Authority”), and ALL ABOARD FLORIDA - OPERATIONS LLC, a Delaware limited liability company authorized to conduct business in Florida, whose mailing
      address is 2855 LeJeune Road, 4th Floor, Coral Gables, Florida, 33134 (“Rail Company”).

     

    W I T N E S S E T H :

     

    WHEREAS, the Authority and Rail Company entered into that certain Premises Lease and Use Agreement
      (the “Agreement”) with an effective date of January 22, 2014; and

     

    WHEREAS, pursuant to an agreement dated September 27, 1976, as amended, with the City, City
      Document Number 13260-1, the Authority controls, operates, and maintains an airport in Orange County, State of Florida, known as Orlando International Airport (hereinafter referred to as the “Airport”); and

     

    WHEREAS, the Parties desire to amend the Agreement to recognize that the Authority will install
      and maintain certain improvements, including the HVAC air handler and chilled water lines at Rail Company’s expense.

     

    NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein set forth,
      and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby expressly acknowledged, the parties hereto covenant and agree as follows:

     

    1.          Recitals. The foregoing recitals are true and correct and are hereby incorporated as covenants and agreements and are
      made a part hereof.

     

    2.          Definitions. Capitalized terms shall have the meaning ascribed to them in the Agreement unless modified herein.

     

    3.          Article 3: Premises. Section 3.01(2) of the Article 3 of the Agreement entitled Premises is hereby amended by deleting it in its entirety and replacing same with the following:

     

    3.01(2) As of the Effective Date, the Premises depicted on Exhibit “B” is conceptual. Upon completion of the design for the Rail Station
      Building (which shall be accomplished by the parties working together in good faith acting reasonably and as contemplated in Section 5.01 below), the parties agree to substitute a revised Exhibit “B” to depict the Premises that will be constructed
      which will supplement the square footage in the prior paragraph and shall be used to calculate the Rent. Any changes to the Premises, except as set forth herein, shall be evidenced by an amendment to this Agreement.

    
      	 	 
	 	
              City Council Meeting: 9/29/14

            
	 	
              Item: J-3 Documentary: 140929J0B

            

    

    
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    4.         Article 5: Rail Station Building Design. Section 5.01(3) of Article 5 of the Agreement entitled Design Coordination is hereby amended by deleting it in its entirety and replacing the same with the
      following:

     

    5.01(3) The Authority shall provide its design plans and specifications for the Rail Station Building (including the
      improvements described in Section 5.01(5) and 5.01(6)) to the Rail Company at thirty percent (30%), sixty percent (60%), ninety-five percent (95%) and one hundred percent (100%) completion for the Rail Company’s review and approval, which shall not
      be unreasonably withheld. Any comment must be provided with specificity and shall be submitted to the Authority within fifteen (15) business days of receipt of plans and specifications. If the comment relates to the Premises or impacts the Rail
      Project, the parties shall meet to resolve the comments to Rail Company’s reasonable satisfaction. Any comments from Rail Company regarding items that do not impact the Rail Project or the Premises are strictly informational and the Authority may
      choose, in its sole discretion, not to incorporate the same.

     

    5.          Article 5: Rail Station Building Design. Article 5 of the Agreement entitled Design Coordination is hereby amended by
      adding the following subsections:

     

    5. The Authority, at the sole cost and expense of the Rail Company, shall design the Rail Station Building to
      include the air handlers and associated equipment that will serve the Premises, which handlers and equipment shall be located in the Authority’s common equipment room at level 4. Further, upon receipt of funds for same from the Rail Company pursuant
      to Section 6.02(1), the Authority shall complete the installation of such air handlers and associated equipment into its common equipment room as part of the Rail Station Building. Because the funding of the HVAC design must occur prior to
      satisfaction of the Escrow Conditions, the obligation of the Rail Company to fund the cost of the design is set forth in that certain Embankment Funding Agreement of even date herewith entered into by and between the Authority, Rail Company and
      joined by the City (the “Embankment Funding Agreement”).

     

    
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    6. The Authority, at the Rail Company’s sole cost and expense, shall design the Rail Station Building to include the primary infrastructure for the following services inside the Premises for use by Rail
      Company and, subject to the approval and funding of the same pursuant to the Early Work Funding Agreement, the Authority shall install the infrastructure for same as part of the Rail Station Building: HVAC, electrical, plumbing, fire protection, fire
      alarm and telephone/communications/information technology. To facilitate the Authority’s completion of the design of such systems as part of the Rail Station Building, the Rail Company shall provide the information needed by the Authority to
      coordinate design loads required for such systems. Subject to funding pursuant to the Embankment Work Funding Agreement, the Authority shall, at Rail Company’s expense, complete the procurement and installation of the infrastructure for such systems,
      including the following, as part of the Rail Station Building (the “Primary Infrastructure Work”):

     

    HVAC

    
      		-	
              Air handlers and associated equipment referenced in Section 5.01(5) and the supply/return air ducts stubbed to Premises and connected to such equipment.

            

    

    
      		-	
              Toilet and general exhaust fans – located outside the Rail Company’s Premises – with ductwork stubbed to Premises

            

    

    
      		-	
              Chilled water supply return piping to be stubbed to the perimeter of the Premises on level 1 (baggage handling) with valves to allow extension

            

    

     

    Electrical

    
      		-	
              Conduit home runs and wire from main gear room to Premises – both at level 4 and at level 1.

            

    

    
      		-	
              Termination at disconnect or other suitable/code compliant device allowing Rail Company to install panels and downstream electrical distribution within Premises.

            

    

     

    Plumbing

    
      		-	
              In-slab rough-in of sanitary piping and fittings – with below slab sanitary piping, based on layout and fixture specifications provided by Rail Company, with it being
                understood that no plumbing is anticipated at level 1 of the Premises

            

    

    
      		-	
              Cold water stub-in of minimum size of 1” with hot water at Premises to be provided by Rail Company unless a hot water loop is being provided in the Rail Station
                Building or Terminal Complex, in which case hot water should also be stubbed into the Premises.

            

    

    
      		-	
              Plumbing vent piping through roof with stub-in to Premises at locations identified by Rail Company

            

    

     

    Fire Protection

    
      		-	
              Code compliant sprinkler distribution within Premises, located as close to ceiling as practical, at both levels 1 and 4

            

    

     

    Fire Alarm

    
      		-	
              Stub-in of adequate number of conduits to serve Premises, with home run wiring from junction boxes connected to Authority’s master fire alarm system, at both level 1
                and 4

            

    

    
      		-	
              To the extent that the master fire alarm system requires isolated zones for the Premises, the Authority will make provisions for the same in its equipment.

            

    

     

    Telephone/Communications/Information Technology (IT)

    
      		-	
              Conduit stubs into Premises at both Ground floor and levels 1 and 4 Premises areas for connectivity of Rail Company

            

    

    
      		-	
              Interconnection of Premises at levels 1 and 4, empty conduit with pull string to allow internal IT connectivity of the Premises.

            

    

     

    Because the funding of the Primary Infrastructure design and installation must occur prior to satisfaction of the Escrow Conditions, the
      obligation of the Rail Company to fund the costs are set forth in the Embankment Funding Agreement.

    
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    6.          Article 6: Improvements. Section 6.02 of Article 6 of the Agreement entitled Improvements to be Constructed by
        Rail Company is hereby amended by deleting it in its entirety and replacing the same with the following:

     

    6.02(1) Rail Company shall be responsible for undertaking at its own cost and expense the installation of all
      Improvements, fixtures, furnishings, signage, trade fixtures and equipment necessary to conduct their operations at the Premises, including, but not limited to, all interior and exterior, if any, finishes, counter shelving, cabinets, display cases,
      air conditioning and heating ductwork, fan coils and variable volume controllers, lighting, communication and power fixtures, all wiring, accessories and panels required to bring power from the main electrical panel, and any water piping, control and
      drainage facilities (if the same are required for its operations on the Premises). Additionally, the Rail Company shall be responsible for funding the costs reasonably and necessarily incurred by the Authority to purchase air handlers and chilled
      water piping to be installed by the Authority for heating and air conditioning throughout the Premises. Said funding shall be payable to the Authority pursuant to that certain Embankment Funding Agreement. Air handlers, and/or fan coils shall be
      controlled by space temperature sensors and microzone controllers (HVAC suppliers utilize microflow controllers) provided by the Rail Company tied to the building automation system that will be required by the Authority. The Rail Company shall at its
      expense provide the necessary hardware and installation to connect their electrical services to the Authority’s automation system. (Terminal units shall be controlled by Rail Company provided thermostats that are interlocked to close when the
      associated air handler is shut down). To ensure construction of first class facilities in the public areas of the Premises, the Rail Company agrees to utilize finishes that are comparable in quality and cost to the Public Space finishes installed by
      the Authority in the Rail Station Building, which Public Space finishes are described in Exhibit “D” attached hereto and incorporated herein by this reference. In addition, to avoid ambiguity between the base
      building and shell improvements being made by the Authority to the Rail Station Building and the Improvements that will be required to be made by Rail Company, Exhibit “E” attached hereto and incorporated herein
      by this reference sets forth a description of the base building and shell improvements being made by the Authority to the Rail Station Building.

     

    7.          Article 9: Operation and Maintenance of the Airport: Section 9.01 (6) of Article 9 of the Agreement entitled Obligations of the Authority is hereby amended by deleting it in its entirety and replacing the same
      with the following:

     

    9.01(6) To the extent the Authority is requested to make repairs or otherwise maintain Rail Company’s Premises, the
      Authority shall charge Rail Company a reasonable cost for such service (including both time and materials), which cost Rail Company shall pay promptly upon of the Rail Company’s receipt of an invoice therefor, with it being understood that the
      Authority shall maintain the air handlers and associated air conditioning and heating equipment serving the Premises and located in the Authority’s equipment room and shall charge Rail Company therefor pursuant to this Section.

     

    [SPACE LEFT INTENTIONALLY BLANK]

     

    [SIGNATURES PAGE TO FOLLOW]

    
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    IN WITNESS WHEREOF, the parties hereto have each caused this First Amendment to be executed by its
      authorized representative on the date so indicated below.

    	 	 	 	 	 	 	 
	 	 	 	
            “GOAA”

          	 
	 	 	 	
            GREATER ORLANDO AVIATION AUTHORITY

          	 
	
            ATTEST:

          	 	 	 	 	 
	 	 	
            By:

          	
            /s/ Phillip N. Brown, A.A.E.,

          	 
	
            /s/ Dayci S. Burnette-Snyder,

          	 	 	
            Phillip N. Brown, A.A.E.,

          	 
	
            Dayci S. Burnette-Snyder,

          	 	 	
                 Executive Director

          	 
	
            Assistant Secretary

          	 	 	 	 
	
            Date: 9/25/, 2014

          	 	 	 	 
	 	 	 	 	 	 
	 	 	
            APPROVED AS TO FORM AND LEGALITY this 25th day of  September 2014, for
              the use and reliance by the GREATER ORLANDO AVIATION AUTHORITY, only.

          
	 	 
	 	 	 	 
	 	 	
            Marchena and Graham, P.A., Counsel.

          	 
	 	 	 	 
	 	 	 	
            By:

          	
            /s/ Marchena and Graham, P.A.

          	 
	 	 	 	 	
            Marchena and Graham, P.A.

          	 

    

    

    	
            TWO WITNESSES:

          	 	 
	 	 
	
            /s/ Rose N. Rodriguez

          	 
	
            Printed Name:

          	
            Rose N. Rodriguez

          	 
	 	 	 	 	 	 
	
            /s/ Veronica Badden

          	 	 	 
	
            Printed Name:

          	
            Veronica Badden

          	 	 	 	 

    

    

    	
            STATE OF FLORIDA

          	
            )

          
	
            COUNTY OF ORANGE

          	
            )

          

     

    Before me, the undersigned authority, duly authorized under the laws of State of Florida to take acknowledgments, this day personally
      appeared Phillip Brown and Dayci S. Burnette-Snyder respectively Executive Director and Deputy Director of the Greater Orlando Aviation Authority, who are personally known to me to be the individuals and officers described in and who executed the
      foregoing instrument on behalf of said Greater Orlando Aviation Authority, and severally acknowledged the execution thereof to be their free act and deed as such officers and that they were duly authorized so to do.

     

    In witness whereof, I have hereunto set my hand and official seal at
      Orlando, in the County of Orange, State of Florida this 25th day of September, 2014.

    	 	 
	 	
            /s/ Gina M. Conte

          
	 	
            Notary Public

          
	 	
            My Commission Expires:

          

     

    	 	
            NOTARY PUBLIC

          	
            GINA M. CONTE

          
	 	
            STATE OF FLORIDA

          	
            MY COMMISSION # EE160283

          
	 	 	
            EXPIRES January 17, 2016

          
	 	 	
            FloridaNotaryService.com

          

    
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            ALL ABOARD FLORIDA – OPERATIONS LLC

          
	 	 	 	 	 	 	 	 	 	 
	
            ATTEST:

          	 	 	
            By:

          	
            /s/  Mike Reininger

          	 
	
            Printed Name:

          	 	 	
            Printed Name:

          	
            Mike Reininger

          	 
	
            Title:

          	 	 	
            Title:

          	
            President & CDO

          	 
	 	 	 	 	 	 	 	 	 	 
	 	 	
            Date: September 23, 2014

          

    

    

    	
            TWO WITNESSES:

          	 
	 	 	 
	
            /s/ Maria Bello

          	 
	
            Printed Name:

          	
            Maria Bello

          	 
	 	 	 
	
            /s/ Jessica Alvarez

          	 
	
            Printed Name:

          	
            Jessica Alvarez

          	 

     

    	
            STATE OF FLORIDA

          	
            )

          
	
            COUNTY OF MIAMI-DADE

          	
            )

          

     

    The foregoing instrument was acknowledged before me this 23rd
      day of September, 2014, by Mike Keinnger,asPresident of All Aboard Florida – Operations LLC, a Delaware limited liability company, on behalf of the limited liability
      company. He/She is personally known to me or produced a valid driver’s license as identification.

    	 	 
	 	
            Notary Public  /s/ Maria Bello

          
	 	
            Print name:  /s/ Maria Bello

          
	 	
            My commission expires:  

          

     

    

    

    	 	
            MARIA BELLO

          	 
	
            NOTARY PUBLIC

          	
            MY COMMISSION # FF 089583

          	 
	
            STATE OF FLORIDA

          	
            EXPIRES: February 11, 2018

          	 
	 	
            Bonded Thru Notary Public Underwriters

          	 

    

    

    
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    JOINDER

     

    The City of Orlando hereby joins in the Orlando International Airport Premises Lease and Use
      Agreement dated 9/29, 2014 between the Greater Orlando Aviation Authority and All Aboard Florida - Operations LLC, solely to
      acknowledge the City’s consent to the term of the Lease.

     

    Dated: 9/29, 2014.

    	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
            CITY OF ORLANDO

          
	
            ATTEST:

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          
	
            /s/ Elizabeth  Davidson

          	
             

          	
            By:

          	
            /s/ Robert Stuart

          	
             

          
	
            Asst City Clerk

          	
             

          	
            Name:

          	Robert Stuart	
             

          
	 	 	
             

          	
            Title:

          	
            Mayor Pro Tem

          	
             

          
	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          	
             

          

    [OFFICIAL SEAL]

     

    STATE OF FLORIDA

      COUNTY OF ORANGE

     

    Before me, the undersigned authority, duly authorized under the laws of the State of Florida to take acknowledgments, this day personally
      appeared Robert Stuart and Beth Davidson respectively Mayor Pro Tem and Asst City Clerk of the City of Orlando, who are personally known to me to be the individuals and officers described in and who executed the foregoing instrument on behalf of said
      City of Orlando, and severally acknowledged the execution thereof to be their free act and deed as such officers and that they were duly authorized so to do.

     

    In witness whereof, I have hereunto set my hand and official seal at Orlando, in the County of Orange, State of Florida, this 29 day of
      September, 2014.

    	 	 
	 	
            /s/ Carolyn A. Skuta

          
	 	
            Notary Public

          
	 	
            My commission expires:

          

     

    	
            NOTARY PUBLIC

          	
            CAROLYN A. SKUTA

          	 
	
            STATE OF FLORIDA

          	
            Notary Public - State of Florida

          	 
	 	
            My Comm. Expires Apr 4, 2017

          	 
	 	
            Commission # EE 858548

          	 
	 	
            Bonded Through National Notary Assn

          	 

     

    

    

    7Exhibit 10.20

     

    SECOND AMENDMENT TO THE

         PREMISES LEASE AND USE AGREEMENT

     

    THIS SECOND AMENDMENT TO
        THE PREMISES LEASE AND USE AGREEMENT (the “Second Amendment”) is made by and among THE GREATER ORLANDO AVIATION AUTHORITY, a public and
      governmental body created as an agency of the City, existing under and by virtue of the laws of the State of Florida, whose mailing address is One Jeff Fuqua Boulevard. Orlando, Florida 32827-4399 (the “Authority”), and ALL ABOARD FLORIDA - OPERATIONS LLC. a Delaware limited liability company authorized to conduct business in Florida, whose mailing address is 2855 LeJeune Road. 4th Floor, Coral Gables, Florida, 33134 (“Rail Company”).

     

    W I T N E S S E T H :

     

    WHEREAS, the
      Authority and Rail Company entered into that certain Premises Lease and Use Agreement dated January 22, 2014, as amended by that certain First Amendment to the Premises Lease and Use Agreement dated September 25, 2015 (the “Agreement”); and

     

    WHEREAS, pursuant
      to an agreement dated September 27, 1976, as amended, with the City, City Document Number 13260-1, the Authority controls, operates, and maintains an airport in Orange County, State of Florida, known as Orlando International Airport (hereinafter
      referred to as the “Airport”); and

     

    WHEREAS, the
      Parties desire to amend terms of the Agreement relating to the extension of the Escrow Term and other matters.

     

    NOW THEREFORE, for
      and in consideration of the mutual covenants and agreements herein set forth, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby expressly acknowledged, the parties hereto covenant and agree as
      follows:

     

    1.             Recitals. The foregoing recitals are true and correct and are hereby incorporated as covenants and agreements and are made a part hereof.

     

    2.             Definitions. Capitalized terms shall have the meaning ascribed to them in the Agreement unless modified herein.

     

    3.             Article 2: Term.
      Article 2 of the Premises Lease and Use Agreement is hereby amended, deleted and replaced with the following:

     

    This Agreement shall commence upon the Effective Date. Rail Company’s obligation to pay rent shall
      commence upon the earlier of (i) commencement of Rail Company’s revenue-generating Rail Transportation Business at the Airport (“Revenue Operations”) following completion of the Improvements to be completed by Rail Company pursuant to Section 6.02
      hereof, or (ii) the Authority’s Substantial Completion of the South Airport APM Complex (the “Rent Commencement Date”). The term of this Agreement shall expire on the date that is fifty (50) years from Rent Commencement Date (hereinafter referenced
      to as the “Term”), unless sooner terminated in accordance with the terms and provisions hereof. The obligation of Rail Company to begin operation of it Rail Transportation Business is estimated to commence as provided in the Master Timeline as
      provided in the Rail Line Easement Agreement; provided, however. Rail Company’s obligation to commence its Rail Transportation Business is conditioned upon the Authority causing (i) the completion of the Rail Station Building (including all punch
      list items), (ii) completion of the Platform, (iii) the completion of all access roads so that the Rail Station Building has legal ingress and egress, and (iv) completion of the APM. The obligation of Rail Company to pay amounts owed hereunder for
      its use of the Premises shall survive expiration or earlier termination until such amounts are paid in full. It is the intention of the Authority and Rail Company that on the date that Rail Company commences its Rail Transportation Business, that all
      construction work in connection with the Rail Station Building, the Improvements and all other ancillary improvements shall be one hundred percent (100%) completed with no punch list items or other unfinished or defective items and all ancillary
      services which serve the Rail Station Building (including, without limitation, rental car services, concessions, etc.) shall be fully operational so that passengers, customers, guests and others who enter the Rail Station experience a fully
      operational passenger rail station with all complementary amenities. If the Rail Company has commenced Revenue Operations and the operations by the rental car facilities on the Airport serving the Rail Station Building has not commenced, Rail Company
      shall receive a day for day credit against Rent until the commencement of operations by the rental car facilities

     

    
      	
               

            	
              City Council Meeting: 1-25-16

            
	
               

            	
              Item: J-2 Documentary: 160125J02

            

    

    
      
        

      

    

                   4.             Article 3: Premises. Paragraphs 1 and 2 of Section 3.01 entitled Premises
        are hereby amended by deleting them in their entirety and replacing same with the following:

     

    1.          The Premises is to be 35,494.02 square feet located on the first and fourth floor of the Rail Station Building, which includes hold rooms, ticket counters baggage
      operations and back office, and approximately 73,867.44 square feet of Platform on the third floor, all of which is more specifically depicted on Exhibit “B.”

     

    2.          The Design for the Rail Station Building is nearly complete and the parties agree the attached Exhibit “B” depicts the Premises and Platform that will be constructed,.
      Any subsequent changes to the Premises, except as set forth herein, shall be evidenced by an amendment to this Agreement.

     

    5.              Fair Market Rental Value Section 4.01 entitled Determination of Fair Market Rental Value and Section 4.03 entitled Change in Annual Rent
        are hereby amended by deleting them in their entirety and replacing same with the following:

     

    4.01          Determination
          of Fair Market Rental Value. The initial Fair Market Value for the annual rental of the Premises including conditioned space (i.e., hold rooms, back office, and ticket counters), and unconditioned space (i.e., Platform, baggage
      handling) shall be determined by applying the then current rate making model for airlines excluding debt service, miscellaneous direct reimbursements, airline equipment requirements, baggage system expenses, FIS requirements and available PFC
      Revenues.

     

    In the event the then Fair Market Value of the Premises has not been determined until after the date
      upon which the required adjustment is to become effective, the annual rent previously in effect shall continue until such Fair Market Value and the new annual rent is determined. Once determined, the new annual rent shall become effective,
      retroactive to the date upon which such adjustment was required, and within ten (10) days after the Rail Company has received notice of the new annual rent, Rail Company shall pay to the Authority any additional annual rent that is due and owing, if
      any. The rate making model is the same as used for determining rental rates for airlines at the North Terminal Complex with the exception that it does not include debt service.

    
      2

      
        

      

    

    
      ***

      4.03          Change
            in Annual Rent. The initial determination of the annual rent shall be as described above in Section 4.01 and shall be fixed for five (5) years commencing on the Rent Commencement Date. Thereafter, the Authority and Rail Company agree
        that, once every five (5) years the then current rate making model for airlines shall be applied, but shall not include debt service, miscellaneous direct reimbursements, airline equipment requirements, baggage system expenses, FIS requirements and
        available PFC Revenues to determine the Fair Market Value for conditioned space and unconditioned space. The rate making model uses a commercial compensatory ratemaking methodology in order to recover from the Rail Company its fairly allocated
        share of Airport costs in accordance with the U.S. Department of Transportation’s Policy Regarding Airport Rates and Charges. 61 Fed. Reg. 31994 (June 21, 1996) and other applicable law. The annual rent shall be adjusted for each such five (5) year
        period based on the then current rate making model but in no event shall the annual rent be reduced and shall not be increased by more than 35%.

       

      6.              Article 5: Rail Station Building Design. Paragraphs 4 and 6 of Section 5.01 entitled Design Coordination of the Premises Lease and Use Agreement are hereby amended, deleted and replaced with the following:

       

      4.          The design of the Rail Station Building is complete and has been approved by Rail Company

       

      ***

    

    6.          The Authority, at the Rail Company’s sole cost and expense, shall design the Rail Station Building to include the primary infrastructure for the following services
      inside the Premises for use by Rail Company and, subject to the approval and funding of the same pursuant to the Early Work Funding Agreement, the Authority shall install the infrastructure for same as part of the Rail Station Building: HVAC,
      electrical, plumbing, fire protection, fire alarm and telephone/communications/information technology. To facilitate the Authority’s completion of the design of such systems as part of the Rail Station Building, the Rail Company shall provide the
      information needed by the Authority to coordinate design loads required for such systems. Subject to funding pursuant to the Embankment Work Funding Agreement, the Authority shall, at Rail Company’s expense, complete the procurement and installation
      of the infrastructure for such systems, attached hereto as Exhibit “J”, as part of the Rail Station Building (the “Primary Infrastructure Work”).

     

    Because the funding of the Primary Infrastructure design and installation must occur prior to satisfaction of the Escrow Conditions, the obligation of the Rail Company to fund the costs are set forth
      in the Embankment Funding Agreement.

     

    
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    7.             Article 9: Operation and Maintenance of the Airport: Section 9.04(1) entitled Security
            for Performance of the Premises Lease and Use Agreement is amended and replaced with the following:

     

    9.04(1) Rail Company shall provide the Authority within thirty (30) days after the Revenue Operations
      with a contract bond, irrevocable letter of credit or other similar security reasonably acceptable to the Authority (“Performance Security”) in an amount equal to one (1) year annual rental payable by Rail Company pursuant to Article 4, to guarantee
      the faithful performance by Rail Company of its obligations under this Agreement and the payment of all rentals, fees and charges due hereunder. Rail Company shall be obligated to maintain such Performance Security in effect until the expiration of
      sixty (60) consecutive months following the commencement of Revenue Operations (the “Performance Security Termination Date”). If no Event of Default exists as of the Performance Security Termination Date, the Performance Security shall be returned to
      Rail Company within thirty (30) days. If an Event of Default exists as of the Performance Security Termination Date, the Performance Security shall be returned to Rail Company within thirty (30) days after the Event of Default is cured. Such
      Performance Security shall be in a form and with a company reasonably acceptable to the Authority and licensed to do business in the State of Florida. In the event that any such Performance Security shall be for a period less than the full period
      required by this Section or if Performance Security shall be canceled. Rail Company shall provide a renewal or replacement Performance Security for the remaining required period at least thirty (30) days prior to the date of such expiration or
      cancellation. The Authority may waive any requirement herein in its exclusive discretion.

     

    [SPACE LEFT INTENTIONALLY BLANK]

     

    [SIGNATURES PAGE TO FOLLOW]

    
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    IN WITNESS WHEREOF, the
      parties hereto have each caused this Second Amendment to be executed by its authorized representative on the date so indicated below.

    
      		 	 
	 	 	
              “GOAA”

            
	 	 	
              GREATER ORLANDO AVIATION

            
	
              ATTEST

            	 	
              AUTHORITY

            
	
              /s/ Dayci S. Burnette-Snyder

            	 	 	 
	
              Dayci S. Burnette-Snyder,

            	 	
              By:

            	
              /s/ Phillip N. Brown

            	 
	
              Assistant Secretary

            	 	 	
              Phillip N. Brown, A.A.E.,

            
	
              Date: December 23, 2015

            	 	 	
              Executive Director

            
	 	 	 	 
	 	 	
              APPROVED AS TO FORM AND LEGALITY this 21st day of December, 2015, for the use and reliance by the GREATER ORLANDO AVIATION AUTHORITY, only.

            
	 	 	 
	
               

            	 	
              Marchena and Graham, P.A., Counsel.

            
	
               

            	
               

            	 	 	 
	 	 	
              By

            	
              /s/ Marchena and Graham

            
	 	 	 	
              Marchena and Graham, P.A.

            

    

     

    
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                ALL ABOARD FLORIDA – OPERATIONS LLC

              
	 	 	 	 	 	 	 	 	 	 
	
                ATTEST:

              	/s/ Kolleen Cobb	 	
                By:

              	
                /s/ Vincent Signorello

              	 
	 	   	Kolleen Cobb, Secretary	 	 	Vincent Signorello, Vice President	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	
                Date: December 18, 2015

              	 

      

      

      

      
        	
                TWO WITNESSES:

              	 	 
	 	 
	
                /s/ Donna Wright

              	 
	
                Printed Name:

              	
                Donna Wright

              	 
	 	 	 	 	 	 
	
                /s/ Jessica Alvarez

              	 	 	 
	
                Printed Name:

              	
                Jessica Alvarez

              	 	 	 	 

      

    

     

    STATE OF FLORIDA          )

    county of Miami-Dade         )

     

    The foregoing instrument was acknowledged
        before me this 18th day of December, 2015, by Vincent Signorello, as Vice President of All Aboard Florida – Operations LLC, a Delaware limited liability company, on behalf of the limited liability company. He/She is personally known to me or produced a valid driver’s
        license as identification.

     

    	 	 	 	/s/ Jessica Alvarez	 
	 	 	 	
            Notary Public

          	 
	 Notary Public	
            JESSICA ALVAREZ

          	 	
            Print name:

          	 
	STATE OF FLORIDA	
            MY COMMISSION #FF 030333

          	 	
            My commission expires:

          	 
	 	
            EXPIRES: October 23, 2017

          	 	 	 
	 	
            Bonded  Thru Notary
                Public Undewriters

          	 	 	 

     

    
      6

      
        

      

    

    JOINDER

     

    The City of Orlando hereby
      joins in the Orlando International Airport Premises Lease and Use Agreement dated January 26, 2016 between the Greater Orlando Aviation Authority and
      All Aboard Florida - Operations LLC, solely to acknowledge the City’s consent to the term of the Lease.

     

    Dated: January 26, 2016.

     

    
      	ATTEST:	 	CITY OF ORLANDO
		 	 
	/s/  Celeste Brown	 	By:	
              /s/ Antonio Ortiz

            
		 	Name:	
              Antonio Ortiz

            
		 	Title:	Mayor Pro Tem

    

     

     [OFFICIAL SEAL]

     

    STATE OF FLORIDA

      COUNTY OF ORANGE

     

    Before me. the undersigned authority, duly authorized under the laws of the State of Florida to take acknowledgments,
      this day personally appeared  Antonio Ortiz and  Celeste Brown respective Mayor Pro Tem and City Clerk of the City of Orlando, who are personally known to me to be the individuals and officers described in and who executed the foregoing instrument on
      behalf of said City of Orlando, and severally acknowledged the execution thereof to be their free act and deed as such officers and that they were duly authorized so to do.

     

    In witness whereof, I have hereunto set my hand and official seal at Orlando, in the County of Orange. State of Florida,
      this 27 day January 2016.

     

    	 	  	 	 /s/ Carolyn A. Skuta	 
	 	  	 	
            Notary Public

          	 
	
            Notary Public

          	
            CAROLYN A. SKUTA

          	 	
            My commission expires:

          	 
	
            State of Florida

          	
            Notary Public - State of Florida

          	 	 	 
	 	
            My Comm Expires Apr 4, 2017

          	 	 	 
	 	
            Commission # EE 858548

          	 	 	 
	 	
            Bonded Through National Notary Assn

          	 	 	 

     

    

    

    7

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