Document:

Exhibit

2

Exhibit 4.18
Supplemental Indenture
This Supplemental Indenture (this “Supplemental Indenture”), dated as of July 15, 2020, among Highway Ventures Properties Trust, HPTWN Properties Trust, HPT Suite Properties Trust, each a real estate investment trust organized and existing under the laws of the State of Maryland, SVCN 2 LLC, a limited liability company formed and existing under the laws of the State of Delaware (together, the “Additional Subsidiary Guarantors”), each a subsidiary of Service Properties Trust, a real estate investment trust organized and existing under the laws of the State of Maryland (the “Company”), the Company and U.S. Bank National Association, a national banking organization organized and existing under the laws of the United States (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Company (then known as Hospitality Properties Trust) and the Trustee are parties to an Indenture (the “Base Indenture”), dated as of February 3, 2016 (as supplemented by that certain Ninth Supplemental Indenture (the “Ninth Supplemental Indenture”), dated as of June 17, 2020, among the Company, the Initial Subsidiary Guarantors party thereto and the Trustee, providing for the issuance of the Company’s 7.50% Senior Notes due 2025 (the “Notes”), and as from time to time hereafter further amended, supplemented or otherwise modified so far as it applies to the Notes, the “Indenture”);
WHEREAS, the Indenture provides that under certain circumstances the Additional Subsidiary Guarantors shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Additional Subsidiary Guarantors will fully and unconditionally guarantee the Notes, jointly and severally with all of the other Subsidiary Guarantors, on the terms and conditions set forth herein;
WHEREAS, all acts and requirements necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, each Additional Subsidiary Guarantor and the Trustee have been done; and
WHEREAS, pursuant to Section 901 of the Base Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Additional Subsidiary Guarantors and the Trustee mutually covenant and agree as follows:
1.Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.Agreement to Guarantee.  Each Additional Subsidiary Guarantor hereby agrees that its obligations to the Holders and the Trustee pursuant to the Subsidiary Guarantee shall be as expressly set forth in Article 6 of the Ninth Supplemental Indenture and in such other provisions of the Indenture as are applicable to the Subsidiary Guarantors (including, without limitation, Article 3 of the Ninth Supplemental Indenture), and reference is made to the Indenture for the precise terms of this Supplemental Indenture. The terms of Article 6 of the Ninth Supplemental Indenture and such other provisions of the Indenture (including, 

without limitation, Article 3 of the Ninth Supplemental Indenture) as are applicable to the Subsidiary Guarantors are incorporated herein by reference.

3.THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

4.Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.

5.Effect of Headings.  The Section headings herein are for convenience only and shall not affect the construction hereof.

6.The Trustee.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Additional Subsidiary Guarantors and the Company.

[Remainder of page intentionally left blank.]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
COMPANY: 

SERVICE PROPERTIES TRUST

By: /s/ Brian E. Donley            
Name: Brian E. Donley
Title: Chief Financial Officer and Treasurer

ADDITIONAL SUBSIDIARY GUARANTORS:

HIGHWAY VENTURES PROPERTIES TRUST

By: /s/ Brian E. Donley            
Name: Brian E. Donley
Title: Chief Financial Officer and Treasurer

HPTWN PROPERTIES TRUST

By: /s/ Brian E. Donley            
Name: Brian E. Donley
Title: Chief Financial Officer and Treasurer

HPT SUITE PROPERTIES TRUST

By: /s/ Brian E. Donley            
Name: Brian E. Donley
Title: Chief Financial Officer and Treasurer

SVCN 2 LLC

By: /s/ Brian E. Donley            
Name: Brian E. Donley
Title: Chief Financial Officer and Treasurer

TRUSTEE:

U.S. BANK, NATIONAL ASSOCIATION, as Trustee 

By: /s/ David W. Doucette            
Name: David W. Doucette
Title: Vice President 
    

[Signature Page: Supplemental Indenture for 7.50% Senior Notes due 2025]Exhibit

Exhibit 10.2

EXECUTION VERSION

PLEDGE AMENDMENT
May 22, 2020
Reference is hereby made to the Pledge Agreement (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Pledge Agreement”) dated as of May 8, 2020, by and among Service Properties Trust, a real estate investment trust formed under the laws of the State of Maryland (the “Borrower”), the undersigned Pledgors and the other Subsidiaries of the Borrower from time to time party thereto as Pledgors, and Wells Fargo Bank, National Association, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”), whereby each of the undersigned has pledged certain capital stock, membership interests, beneficial interests and partnership interests, as applicable, of certain of its Subsidiaries as collateral to the Administrative Agent, for the ratable benefit of the Lenders, as more fully described in the Pledge Agreement.  This Amendment is a “Pledge Amendment” as defined in the Pledge Agreement and is, together with the acknowledgments, certificates, and Transfer Powers delivered herewith, subject in all respects to the terms and provisions of the Pledge Agreement.  Capitalized terms used herein and not defined herein shall have the meanings given to them in the Pledge Agreement. 
By its execution below, each of the undersigned hereby agrees that (i) this Amendment may be attached to the Pledge Agreement and that the Pledged Collateral listed on Schedule I hereto shall be part of the Pledged Collateral referred to in the Pledge Agreement and shall secure all Obligations in accordance with the terms of the Pledge Agreement and (ii) each limited liability company and trust listed on Schedule I hereto shall continue to be a Pledged Subsidiary for all purposes of the Pledge Agreement.
By its execution below, each of the undersigned represents and warrants that it has full power and authority to execute this Pledge Amendment and that the representations and warranties contained in Section 6 of the Pledge Agreement are true and correct in all respects as of the date hereof and after taking into account the pledge of the additional Pledged Collateral relating hereto.  The Pledge Agreement, as amended and modified hereby, remains in full force and effect and is hereby ratified and confirmed.
[The remainder of this page is intentionally blank.]

IN WITNESS WHEREOF, the Pledgor has duly executed and delivered this Pledge Amendment to the Pledge Agreement as of the date first set forth above.

Service Properties Trust, as a Pledgor

By: /s/ Brian E. Donley___________________
Name: Brian E. Donley
Title:  Chief Financial Officer and Treasurer

Banner Newco LLC, as a Pledgor

By: /s/ Brian E. Donley___________________
Name: Brian E. Donley
Title:  Chief Financial Officer and Treasurer

Highway ventures borrower LLC, as a Pledgor

By: /s/ Brian E. Donley___________________
Name: Brian E. Donley
Title:  Chief Financial Officer and Treasurer

Highway Ventures Properties trust, as a Pledgor

By: /s/ Brian E. Donley___________________
Name: Brian E. Donley
Title:  Chief Financial Officer and Treasurer

Schedule I
to
Pledge Amendment
PLEDGED SUBSIDIARIES
	
					
	Pledgor
	Pledged Subsidiary
	Certificate No.
	No. of Shares / Units Owned
	Percentage of Ownership

	Highway Ventures Borrower LLC
	Highway Ventures Properties Trust
	3
	1,000
	100%

	Service Properties Trust
	HPTWN Properties Trust
	2
	100
	100%

	Banner NewCo LLC
	SVCN 3 LLC
	1
	N/A
	100%

	Service Properties Trust
	HPT Suite Properties Trust
	2
	1,000
	100%

	Banner NewCo LLC
	SVCN 4 LLC
	1
	N/A
	100%

	Highway Ventures Properties Trust
	Highway Ventures Properties LLC
	1
	N/A
	100%

	Service Properties Trust
	Banner NewCo LLC
	1
	N/A
	100%

ACKNOWLEDGMENT
TO
PLEDGE AMENDMENT
May 22, 2020
Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Pledge Amendment together with a copy of the Pledge Agreement, agrees promptly to note on its books the security interests granted under such Pledge Agreement, agrees that after the occurrence and during the continuance of an Event of Default it will comply with instructions originated by the Administrative Agent without further consent by the applicable Pledgor and waives any rights or requirement at any time hereafter to receive a copy of such Pledge Agreement in connection with the registration of any Pledged Collateral in the name of the Administrative Agent or its nominee or the exercise of voting rights by the Administrative Agent or its nominee.

[Signature pages follow.]

Signature Page to Acknowledgment to Pledge Amendment

Highway Ventures Properties Trust

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

HPTWN Properties Trust

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

HPT Suite Properties Trust

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

SVCN 3 LLC

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

SVCN 4 LLC

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

Highway Ventures Properties LLC

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

Banner NewCo LLC

		
	By:  
	/s/ Brian E. Donley    

Name: Brian E. Donley  
Title: Chief Financial Officer and Treasurer

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