Document:

EX-10.2

 Exhibit 10.2 
 JOINDER NO. 1 TO GUARANTY AND SECURITY AGREEMENT AND INTERCOMPANY SUBORDINATION AGREEMENT 
 Joinder No. 1 to Guaranty and Security Agreement and Intercompany Subordination Agreement (this “Joinder”), is entered into as of June 14, 2013, by and between EVERGREEN
UNMANNED SYSTEMS, INC., a Delaware corporation and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), in its capacity as agent for the Lender Group and the Bank Product Providers (in such capacity, together with its
successors and assigns in such capacity, “Agent”), and is acknowledged and agreed to by each of the parties listed on the signature pages hereto as a borrower (individually as a “Borrower”, and individually and
collectively, jointly and severally, as “Borrowers”) and each of the parties listed on the signature pages hereto as a guarantor (each individually as a “Guarantor”, and individually and collectively, jointly and
severally, as “Guarantors”). 
 W I T N E S S E T H: 

WHEREAS, pursuant to that certain Credit Agreement dated as of May 2, 2013 (as amended, restated, supplemented, or otherwise
modified from time to time, the “Credit Agreement”) by and among Borrowers, the lenders party thereto as “Lenders” (each of such Lenders, together with its successors and assigns, is referred to hereinafter as a
“Lender”), Agent, and Wells Fargo, as lead arranger, as book runner, as syndication agent, and as documentation agent, the Lender Group has agreed to make certain financial accommodations available to Borrowers from time to time
pursuant to the terms and conditions thereof; 
 WHEREAS, each Borrower, each Guarantor, and those additional entities that
thereafter become parties thereto (collectively, jointly and severally, “Grantors” and each, individually, a “Grantor”) have entered into: (a) the Guaranty and Security Agreement, dated as of May 2, 2013
(as amended, restated, supplemented, or otherwise modified from time to time, the “Guaranty and Security Agreement”), and (b) the Intercompany Subordination Agreement, dated as of May 2, 2013 (as amended, restated,
supplemented, or otherwise modified from time to time, the “Intercompany Subordination Agreement”), in order to induce the Lender Group and the Bank Product Providers to make certain financial accommodations to Borrowers as provided
for in the Credit Agreement, the other Loan Documents, and the Bank Product Agreements; 
 WHEREAS, initially capitalized terms
used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Guaranty and Security Agreement or, if not defined therein, in the Credit Agreement, and this Joinder shall be subject to the rules of construction
set forth in Section 1(b) of the Guaranty and Security Agreement, which rules of construction are incorporated herein by this reference, mutatis mutandis; 
 WHEREAS, pursuant to Section 5.11 of the Credit Agreement and Section 26 of the Guaranty and Security Agreement, certain Subsidiaries of the Loan Parties, must execute and deliver
certain Loan Documents, including a joinder to the Guaranty and Security Agreement and a joinder to the Intercompany Subordination Agreement by the undersigned new Grantor (the “New Grantor”), and such joinder may be accomplished by
the execution of this Joinder in favor of Agent, for the benefit of the Lender Group and the Bank Product Providers; and 

WHEREAS, New Grantor (a) is a Subsidiary of a Borrower and, as such, will benefit by virtue of the financial accommodations extended
to Borrowers by the Lender Group or the Bank Product Providers and (b) by becoming a Grantor will benefit from certain rights granted to the Grantors pursuant to the terms of the Loan Documents and the Bank Product Agreements; 

 NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, New Grantor hereby agrees as follows: 
 1.
Joinder of New Grantor to Guaranty and Security Agreement. 
 (a) In accordance with Section 26 of the
Guaranty and Security Agreement, New Grantor, by its signature below, becomes a “Grantor” and “Guarantor” under the Guaranty and Security Agreement with the same force and effect as if originally named therein as a
“Grantor” and “Guarantor” and New Grantor hereby (i) agrees to all of the terms and provisions of the Guaranty and Security Agreement applicable to it as a “Grantor” or “Guarantor” thereunder and
(ii) represents and warrants that the representations and warranties made by it as a “Grantor” or “Guarantor” thereunder are true and correct in all material respects (except that such materiality qualifier shall not be
applicable to any representations and warranties that are already qualified or modified by materiality in the text thereof) on and as of the date hereof. In furtherance of the foregoing, New Grantor hereby (y) jointly and severally
unconditionally and irrevocably guarantees as a primary obligor and not merely as a surety the full and prompt payment when due, whether upon maturity, acceleration, or otherwise, of all of the Guarantied Obligations, and (z) unconditionally
grants, assigns, and pledges to Agent, for the benefit of the Lender Group and the Bank Product Providers, to secure the Secured Obligations, a continuing security interest in and to all of such New Grantor’s right, title and interest in and to
the Collateral. Each reference to a “Grantor” or “Guarantor” in the Guaranty and Security Agreement shall be deemed to include New Grantor. The Guaranty and Security Agreement is incorporated herein by reference. 

(b) Schedule 1, “Commercial Tort Claims”, Schedule 2, “Copyrights”, Schedule 3,
“Intellectual Property Licenses”, Schedule 4, “Patents”, Schedule 5, “Pledged Companies”, Schedule 6, “Trademarks”, Schedule 7, Name; Chief Executive Office; Tax Identification
Numbers and Organizational Numbers, Schedule 8, “Owned Real Property”, Schedule 9, “Deposit Accounts and Securities Accounts”, Schedule 10, “Controlled Account Banks”, and Schedule 11,
“List of Uniform Commercial Code Filing Jurisdictions” attached hereto supplement Schedule 1, Schedule 2, Schedule 3, Schedule 4, Schedule 5, Schedule 6, Schedule 7, Schedule 8, Schedule 9, Schedule 10, and Schedule 11, respectively, to
the Guaranty and Security Agreement and shall be deemed a part thereof for all purposes of the Guaranty and Security Agreement. 

(c) New Grantor authorizes Agent at any time and from time to time to file, transmit, or communicate, as applicable, financing statements
and amendments thereto (i) describing the Collateral as “all personal property of debtor” or “all assets of debtor” or words of similar effect, (ii) describing the Collateral as being of equal or lesser scope or with
greater detail, or (iii) that contain any information required by part 5 of Article 9 of the Code for the sufficiency or filing office acceptance. New Grantor also hereby ratifies any and all financing statements or amendments previously filed
by Agent with respect to such Grantor in any jurisdiction in connection with the Loan Documents. 
 2. Joinder of New Grantor
to Intercompany Subordination Agreement. By its signature below, New Grantor hereby (a) agrees that from and after the date of this Joinder it shall be an Obligor (as defined in the Intercompany Subordination Agreement) under the
Intercompany Subordination Agreement as if it were a signatory thereto and shall be bound by all of the provisions thereof, and (b) agrees that it shall comply with and be subject to all the terms, conditions, covenants, agreements and
obligations set forth in the Intercompany Subordination Agreement. New Grantor hereby agrees that each reference to an “Obligor” or the “Obligors” in the Intercompany Subordination Agreement shall include New Grantor. New Grantor
acknowledges that it has received a copy of the Intercompany Subordination Agreement and that it has read and understands the terms thereof. 

 3. New Grantor represents and warrants to Agent, the Lender Group and the Bank Product
Providers that this Joinder has been duly executed and delivered by New Grantor and constitutes its legal, valid, and binding obligation, enforceable against it in accordance with its terms, except as enforceability thereof may be limited by
bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium, or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at
law or in equity). 
 4. This Joinder is a Loan Document. This Joinder may be executed in any number of counterparts and by
different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Joinder. Delivery of an executed counterpart of
this Joinder by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Joinder. Any party delivering an executed counterpart of this Joinder by telefacsimile or
other electronic method of transmission also shall deliver an original executed counterpart of this Joinder but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this
Joinder. 
 5. The Guaranty and Security Agreement and the Intercompany Subordination Agreement, as supplemented hereby, each
shall remain in full force and effect. 
 6. THIS JOINDER SHALL BE SUBJECT TO THE PROVISIONS REGARDING CHOICE OF LAW AND VENUE,
JURY TRIAL WAIVER, AND JUDICIAL REFERENCE SET FORTH IN SECTION 25 OF THE GUARANTY AND SECURITY AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the parties hereto have caused this Joinder to be executed and delivered
as of the day and year first above written. 
  

									
	NEW GRANTOR:	 		 	EVERGREEN UNMANNED SYSTEMS, INC.
				
		 		 	By:	 	 /s/ Edward T. Rizzuti

		 		 		 	Name:	 	Edward T. Rizzuti
		 		 		 	Title:	 	Vice President, General Counsel and Corporate Secretary

 [SIGNATURE PAGE TO JOINDER NO. 1 TO GUARANTY AND SECURITY AGREEMENT AND INTERCOMPANY SUBORDINATION
AGREEMENT] 

									
	AGENT:	 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION
				
		 		 	By:	 	 /s/ Amelie Yehros

		 		 		 	Name:	 	Amelie Yehros
		 		 		 	Title:	 	Its Authorized Signatory

 [SIGNATURE PAGE TO JOINDER NO. 1 TO GUARANTY AND SECURITY AGREEMENT AND INTERCOMPANY SUBORDINATION
AGREEMENT] 

 ACKNOWLEDGED AND AGREED: 

 

					
	ERICKSON AIR-CRANE INCORPORATED, as a Borrower
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary
	
	EVERGREEN HELICOPTERS, INC., as a Borrower
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary
	
	EAC ACQUISITION CORPORATION, as a Guarantor
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary
	
	EVERGREEN HELICOPTERS OF ALASKA, INC., as a Guarantor
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary
	
	EVERGREEN HELICOPTERS INTERNATIONAL, INC., as a Guarantor
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary
	
	EVERGREEN EQUITY, INC., as a Guarantor
		
	By:	 	 /s/ Edward T. Rizzuti

		 	Name:	 	Edward T. Rizzuti
		 	Title:	 	Vice President, General Counsel and Corporate Secretary

 [SIGNATURE PAGE TO JOINDER NO. 1 TO GUARANTY AND SECURITY AGREEMENT AND INTERCOMPANY SUBORDINATION
AGREEMENT] 

 SCHEDULE 1 

COMMERCIAL TORT CLAIMS 
 None. 

 SCHEDULE 2 

COPYRIGHTS 

None. 

 SCHEDULE 3 

INTELLECTUAL PROPERTY LICENSES 
 None. 

 SCHEDULE 4 

PATENTS 
 None.

 SCHEDULE 5 

PLEDGED COMPANIES 

None. 

 SCHEDULE 6 

TRADEMARKS 

None. 

 SCHEDULE 7 

NAME; CHIEF EXECUTIVE OFFICE; TAX IDENTIFICATION NUMBERS AND ORGANIZATIONAL NUMBERS 

 

											
	 Legal Name
	 	 Type of

Entity
	 	 Organizational
Number
	 	 Federal
 Taxpayer
 Identification

Number
	 	 Jurisdiction
of Formation
	 	 Chief
 Executive

Office

	Evergreen Unmanned Systems, Inc.	 	Corporation	 	Delaware Secretary of State File Number 4728972	 	27-0893961	 	Delaware	 	5550 SW Macadam Avenue Suite 200, Portland, OR

 SCHEDULE 8 

OWNED REAL PROPERTY 
 None. 

 SCHEDULE 9 

DEPOSIT ACCOUNTS AND SECURITIES ACCOUNTS 
 None. 

 SCHEDULE 10 

CONTROLLED ACCOUNT BANKS 
 None. 

 SCHEDULE 11 

LIST OF UNIFORM COMMERCIAL CODE FILING JURISDICTIONS 
  

					
	 Type of Filing
	 	 Entity
	 	 Filing Office

	(i) Filing offices for UCC financing statements
	Financing Statements	 	Evergreen Unmanned Systems, Inc.	 	Delaware Secretary of StateEX-10.3

 Exhibit 10.3 
 PREPARED, RECORDING REQUESTED BY, 
 AND WHEN RECORDED MAIL TO: 

Paul Hastings LLP 
 515 South Flower Street,
25th Floor 
 Los Angeles, CA 90071 

Attention: Jennifer Hildebrandt, Esq. 
  

 
 LINE OF CREDIT DEED OF TRUST,
ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND FIXTURE FILING 
 by and among 

ERICKSON AIR-CRANE INCORPORATED, “Grantor” 
 CHICAGO TITLE INSURANCE COMPANY, “Trustee”  
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 2450 Colorado Avenue, Suite 3000 West 
 Santa Monica, California 90404 

in its capacity as agent, “Beneficiary” 
 Dated as of June 14, 2013 
  

			
	Location:	  	3100 Willow Springs Road, Central Point, OR 97502
		  	1993 Kirtland Road, Central Point, OR 97502
	Municipality:	  	Central Point
	County:	  	Jackson County
	State:	  	Oregon

 ORS 86.155 STATEMENTS: 
 Maximum Principal Amount to be Advanced Pursuant to the Credit Agreement: $125,000,000 

Maturity Date of the Credit Agreement 
 (exclusive of any option to renew or extend): May 2, 2018 
 NOTICE TO RECORDER:
THIS DOCUMENT SERVES AS A FIXTURE FILING UNDER THE OREGON UNIFORM COMMERCIAL CODE, ORS § 79.0502(3). 
 Tax Account Numbers for the
property subject to the lien of this Deed of Trust are: 1-018858-2, 3-014105-1 and 1-079606-6 

 LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT, AND
FIXTURE FILING 
 THIS LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND FIXTURE
FILING (this “Deed of Trust”) is dated as of June 14, 2013, by and among ERICKSON AIR-CRANE INCORPORATED, a Delaware corporation (“Grantor”), whose address is 5550 S.W. Macadam Avenue,
Suite 200, Portland, Oregon 97239, CHICAGO TITLE INSURANCE COMPANY (“Trustee”), with an address at 1211 SW Fifth Avenue, Suite 2130, Portland, Oregon 97204 and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
banking association, in its capacity as administrative agent for the Lender Group (as such term is defined in the hereinafter defined Credit Agreement) (in such capacity, “Agent”) pursuant to the Credit Agreement, whose
address is 2450 Colorado Avenue, Suite 3000 West, Santa Monica, California 90404 (Agent, together with its successors and assigns in such capacity, is referred to herein as “Beneficiary”). 

RECITALS: 
 WHEREAS, Grantor is the fee owner of the real property and improvements described in Exhibit A attached hereto. 
 WHEREAS, pursuant to that certain Credit Agreement dated as of May 2, 2013, as amended by that certain Amendment Number One to Credit Agreement, Amendment Number One to Guaranty and Security
Agreement, and Waiver dated as of even date herewith (as amended, and as may otherwise be amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) by and among Grantor, Evergreen Helicopters,
Inc., an Oregon corporation (together with Grantor, referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly and severally, as “Borrowers”), the lenders party thereto as
“Lenders” (each of such Lenders, together with its successors and assigns, is referred to hereinafter as a “Lender”), Agent, and Wells Fargo, as lead arranger, book runner, syndication agent, and documentation agent, the
Lender Group has agreed to make certain financial accommodations available to Borrowers from time to time pursuant to the terms and conditions thereof; and 
 WHEREAS, Agent has agreed to act as agent for the benefit of the Lender Group in connection with the transactions contemplated by the Credit Agreement and this Deed of Trust; 

WHEREAS, in order to induce the Lender Group to enter into the Credit Agreement and the other Loan Documents and to induce the Lender
Group to make financial accommodations to Borrowers as provided for in the Credit Agreement and the other Loan Documents, Grantor has agreed to grant to Agent, for the benefit of the Lender Group, a continuing security interest in and to the Trust
Property (as such term is defined below) in order to secure the prompt and complete payment, observance and performance of, among other things, the Secured Obligations (as such term is defined below); and 

 NOW, THEREFORE, for and in consideration of the recitals made above and other good and
valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 
 DEFINITIONS 

Section 1.1 Definitions. All initially capitalized terms used herein (including in the preamble and recitals hereof)
without definition shall have the meanings ascribed thereto in the Credit Agreement (including Schedule 1.1 thereto). Any terms (whether capitalized or lower case) used in this Agreement that are defined in the Code shall be construed and defined as
set forth in the Code unless otherwise defined herein or in the Credit Agreement; provided that to the extent that the Code is used to define any term used herein and if such term is defined differently in different Articles of the Code, the
definition of such term contained in Article 9 of the Code shall govern. In addition to those terms defined elsewhere in this Agreement, as used in this Agreement, the following terms shall have the following meanings: 

(a) “Event of Default” has the meaning specified therefor in Article 4 hereof. 

(b) “Permitted Liens” has the meaning specified therefor in the Credit Agreement, and shall include the items
listed on Exhibit B attached hereto. 
 (c) “Secured Obligations” means each and all of the
agreements, covenants, conditions, warranties, representations and obligations of Borrowers under the Credit Agreement, this Deed of Trust and the other Loan Documents, including, but not limited to, the “Obligations”, as such term is
defined in the Credit Agreement (other than the Bank Product Obligations), and specifically including, without limitation, (1) the repayment of all amounts outstanding from time to time under the Credit Agreement or the other Loan Documents
(other than the Bank Product Agreements), including principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such
Insolvency Proceeding), and all other amounts which may now or hereafter be advanced as loans (including the Revolving Loans (inclusive of Protective Advances and Swing Loans)), as other additional loan amounts or as additional principal amounts
under the Credit Agreement, with the principal amount thereof not at any one time to exceed ONE HUNDRED TWENTY FIVE MILLION AND NO/100ths DOLLARS ($125,000,000), with such indebtedness maturing on the Maturity Date, unless sooner accelerated
pursuant to the terms of the Credit Agreement, (2) the full and prompt performance of any and all repayment, reimbursement, fee, and indemnification obligations with respect to any Letters of Credit (irrespective of whether contingent) in
accordance with the Credit Agreement, (3) the payment of all fees, costs, expenses, charges and indemnification obligations accrued, incurred or arising in connection with any Loan Document pursuant to the terms thereof, (4) the repayment
of all future advances made under or pursuant to the terms of the Credit Agreement up to an aggregate principal amount outstanding at any one time not to exceed ONE HUNDRED TWENTY FIVE MILLION AND NO/100ths DOLLARS ($125,000,000), and (5) all
other payment and performance obligations of Borrowers arising under the Credit Agreement or any other Loan Document. This Deed of Trust is not security or collateral for the Bank Product Obligations, and the term Secured Obligations shall not be
construed to include the Bank Product Obligations. The Credit Agreement (A) contains a revolving credit facility that permits Borrowers to borrow certain principal amounts, repay all or a portion of such principal amounts, and reborrow the
amounts previously paid to Beneficiary for the benefit of the Lender Group, (B) allows for the funding of additional amounts of the Revolving Loans (inclusive of Protective 

  
 2 

 
Advances and Swing Loans) to Borrowers, and (C) allows for the issuance from time to time of Letters of Credit for the account of Borrowers, all upon satisfaction of certain conditions
stated in the Credit Agreement. This Deed of Trust secures, without limitation, all advances and re-advances under the revolving credit feature of the Credit Agreement, all future advances of any other loan amounts under the Credit Agreement, and
all reimbursement obligations of Borrowers with respect to any Letters of Credit issued pursuant to the Credit Agreement. 

(d) “Trust Property”: All of Grantor’s right, title and interest in and to the following, but expressly
excluding any Excluded Assets (as such term is defined in the Guaranty and Security Agreement dated as of May 2, 2013 among Grantor, certain Subsidiaries of Grantor party thereto, and Agent (as amended, the “Guaranty and Security
Agreement”)): (1) the real property described in Exhibit A attached hereto and incorporated herein by this reference, together with any greater estate therein as hereafter may be acquired by Grantor (the
“Land”), (2) all improvements now owned or hereafter acquired by Grantor, now or at any time situated, placed or constructed upon the Land (the “Improvements”; the Land and Improvements are
collectively referred to herein as the “Premises”), (3) all materials, supplies, equipment, apparatus and other items of personal property now owned or hereafter acquired by Grantor and now or hereafter attached to or
installed in any of the Improvements or the Land, and water, gas, electrical, telephone, storm and sanitary sewer facilities and all other utilities whether or not situated in easements (the “Fixtures”), (4) all
reserves, escrows or impounds required under the Credit Agreement and all deposit accounts maintained by Grantor with respect to the Trust Property (the “Deposit Accounts”), (5) all existing and future leases, subleases,
licenses, concessions, occupancy agreements or other agreements (written or oral, now or at any time in effect) which grant to any Person a possessory interest in, or the right to use or occupy, all or any part of the Trust Property, whether made
before or after the filing by or against Grantor of any petition for relief under the Bankruptcy Code, together with any extension, renewal or replacement of the same and together with all related security and other deposits (the
“Leases”), (8) all of the rents, additional rents, revenues, royalties, income, proceeds, profits, early termination fees or payments, security and other types of deposits, and other benefits paid or payable by parties
to the Leases for using, leasing, licensing, possessing, operating from, residing in, selling or otherwise enjoying the Trust Property or any part thereof, whether paid or accruing before or after the filing by or against Grantor of any petition for
relief in an Insolvency Proceeding (the “Rents”), (9) all other agreements, such as construction contracts, architects’ agreements, engineers’ contracts, utility contracts, maintenance agreements, management
agreements, service contracts, listing agreements, guaranties, warranties, permits, licenses, certificates and entitlements in any way relating to the construction, use, occupancy, operation, maintenance, enjoyment or ownership of the Trust Property
(the “Property Agreements”), (10) all rights, privileges, tenements, hereditaments, rights-of-way, easements, appendages and appurtenances appertaining to the foregoing, (11) all property tax refunds, utility
refunds and rebates, earned or received at any time with respect to the Trust Property (the “Tax Refunds”), (12) all accessions, replacements and substitutions for any of the foregoing and all proceeds thereof (the
“Proceeds”), (13) all insurance policies, unearned premiums therefor and proceeds from such policies covering any of the above property now or hereafter acquired by Grantor (the “Insurance”),
(14) any awards, damages, remunerations, reimbursements, settlements or compensation heretofore made or hereafter to be made by any governmental authority pertaining to the Land, Improvements or Fixtures (the “Condemnation
Awards”), (15) all of Grantor’s rights to appear and defend any action or proceeding brought with respect to the Trust Property and to commence any action or proceeding to protect the interest of Grantor in the Trust Property,

  
 3 

 
(16) all rights, powers, privileges, options and other benefits of Grantor as lessor under the Leases, including, without limitation, the immediate and continuing right to claim for, receive,
collect and receive all Rents payable or receivable under the Leases or pursuant thereto (and to apply the same to the payment of the Secured Obligations), and to do all other things which Grantor or any lessor is or may become entitled to do under
the Leases and (17) any and all after-acquired right, title or interest of Grantor in and to any property of the types described in the preceding clauses as such relates to the Trust Property. As used in this Deed of Trust, the term “Trust
Property” shall mean all or, where the context permits or requires, any portion of the above or any interest therein. NOTWITHSTANDING THE FOREGOING, THE TERM “TRUST PROPERTY” SHALL EXCLUDE ALL ITEMS OF PERSONAL PROPERTY IN WHICH
BENEFICIARY HAS OBTAINED AND/OR PERFECTED A SECURITY INTEREST UNDER SEPARATE INSTRUMENTS, INCLUDING, WITHOUT LIMITATION, THE GUARANTY AND SECURITY AGREEMENT AND THE AIRCRAFT SECURITY AGREEMENT. 

ARTICLE 2 

GRANT 
 Section 2.1 Grant. For and in consideration of all of the foregoing and other good and valuable consideration, the receipt and sufficiency whereof are hereby acknowledged, and in order
to secure the full and timely payment and performance of the Secured Obligations, Grantor GRANTS, BARGAINS, ASSIGNS, SELLS, WARRANTS and CONVEYS, to Trustee the Trust Property, TO HAVE AND TO HOLD the Trust Property and all parts, rights and
appurtenances thereof to Trustee, in trust for the benefit of Beneficiary (on behalf of itself and each other member of the Lender Group), WITH POWER OF SALE and right of entry and possession, and Grantor does hereby bind itself, its successors and
assigns to WARRANT AND FOREVER DEFEND the title to the Trust Property unto Trustee against every person whomsoever lawfully claiming or to claim the same or any part thereof; provided, however, that upon (a) the payment and
performance in full of all Secured Obligations (subject to the provisions of Section 9.7 hereof) and (b) the expiration or termination of the Commitments, then the liens, security interests, estates, and rights granted by this Deed
of Trust shall automatically terminate, otherwise same shall remain in full force and effect. Notwithstanding anything to the contrary contained in the immediately preceding sentence or elsewhere in this Deed of Trust, Grantor hereby agrees and
acknowledges that the Secured Obligations secured by this Deed of Trust include, among other things (A) Revolving Loans, and (B) Letters of Credit that may be issued from time to time, all upon satisfaction of certain conditions stated in
the Credit Agreement, and this Deed of Trust is intended to secure all advances and re-advances under the revolving credit feature of the Credit Agreement, all future advances of any other loan amounts under the Credit Agreement, and all
reimbursement obligations of Borrowers with respect to any Letters of Credit; accordingly, this Deed of Trust shall not terminate by the full and complete repayment of the Secured Obligations, so long as any Commitments are outstanding or the Credit
Agreement remains in force and effect. 
 TO HAVE AND TO HOLD the Trust Property, together with all and singular the parts,
rights, privileges, hereditaments, and appurtenances thereto in any ways belonging or appertaining, to the use, benefit, and behoof of Trustee, its successors and assigns, in trust for the benefit of Beneficiary, in fee simple forever. THIS
CONVEYANCE IS MADE UPON THE SPECIAL TRUST, that if Grantor shall pay and perform the Secured Obligations in accordance with the terms of the Credit Agreement and the other Loan Documents (subject to the provisions

  
 4 

 
of Section 9.7 hereof) and the Commitments shall have expired or terminated, then this conveyance shall be null and void and shall be released of record at the request of Grantor in
accordance with Section 9.7 hereof. 
 ARTICLE 3 

WARRANTIES, REPRESENTATIONS AND COVENANTS 
 Grantor warrants, represents and covenants to Beneficiary as follows: 

Section 3.1 Title to Trust Property and Lien of this Instrument. Grantor (a) (i) has good, marketable and
indefeasible title to the Trust Property, in fee simple, free and clear of any liens, claims or interests, except the Permitted Liens and (b) has full power and lawful authority to encumber the Trust Property in the manner and form set forth in
this Deed of Trust. Subject to the Permitted Liens, this Deed of Trust creates valid, enforceable first priority liens and security interests against the Trust Property. 
 Section 3.2 Lien Status. Subject to the other provisions of the Loan Documents, Grantor shall preserve and protect the lien and security interest status of this Deed of Trust and the
other Loan Documents. If any Lien, other than the Permitted Liens, is asserted against the Trust Property, Grantor shall promptly upon obtaining knowledge thereof, and at its expense, (a) give Beneficiary a written notice of such Lien, and
(b) pay the underlying claim in full or take such other action so as to cause it to be released or contest the same in compliance with the requirements of the Credit Agreement (including the requirement of providing a bond or other security
satisfactory to Beneficiary). 
 Section 3.3 Payment and Performance. Grantor shall pay and perform and/or
cause the other Borrowers to pay and perform the Secured Obligations when due under the Loan Documents. 
 Section 3.4
Replacement of Fixtures. Grantor shall not, without the prior written consent of Beneficiary, permit any material portion of the Fixtures to be removed at any time from the Land or Improvements, unless the removed item is removed
temporarily for maintenance and repair or, if removed permanently, is replaced by an article of equal or better suitability and value, owned by Grantor subject to the liens and security interests of this Deed of Trust and the other Loan Documents,
and free and clear of any other lien or security interest except for Permitted Liens or as may be permitted under the Credit Agreement or first approved in writing by Beneficiary. 

Section 3.5 Inspection. Without limitation on any of the rights of Beneficiary under the Credit Agreement, Grantor
shall permit Beneficiary and its agents, representatives and employees to inspect the Trust Property and all books and records of Grantor located thereon, and to conduct such environmental and engineering studies as Beneficiary may require. Provided
that no Event of Default exists, all such inspection, testing and investigation shall be conducted at reasonable times and upon reasonable prior notice to Grantor and shall occur no more frequently than once per fiscal year. Beneficiary shall
restore the Trust Property to the condition it was in immediately prior to any such testing and investigation. 

  
 5 

 Section 3.6 Other Covenants. All of the covenants of Borrowers in the
Credit Agreement are incorporated herein by reference and, together with covenants in this Article 3, shall, to the extent applicable, be covenants running with the Land. 

Section 3.7 Condemnation Awards and Insurance Proceeds. 

(a) Condemnation Awards. Grantor, promptly upon obtaining knowledge of the institution of any proceedings for the condemnation of
the Trust Property or any material portion thereof, will notify Beneficiary of the pendency of such proceedings. Subject to, and except as otherwise permitted by the terms of the Credit Agreement (including, without limitation,
Section 2.4(e)(ii) thereof) and the other Loan Documents, Grantor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes Beneficiary to
collect and receive such awards and compensation and to give proper receipts and acquittances therefor. Grantor hereby waives all rights to such awards and compensation collected or received by Beneficiary as described in the foregoing sentence.
Grantor, upon request by Beneficiary, shall make, execute and deliver any and all instruments requested for the purpose of confirming the assignment of the aforesaid awards and compensation to Beneficiary free and clear of any liens, charges or
encumbrances of any kind or nature whatsoever. 
 (b) Insurance Proceeds. Subject to, and except as otherwise permitted
by the terms of the Credit Agreement (including, without limitation, Section 2.4(e)(ii) thereof) and the other Loan Documents, Grantor assigns to Beneficiary all proceeds of any insurance policies insuring against loss or damage to the
Trust Property and authorizes Beneficiary to collect and receive such proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Beneficiary, instead of to Grantor and
Beneficiary jointly, as more specifically described in the Credit Agreement. In the event that the issuer of such insurance policy fails to disburse directly or solely to Beneficiary as required by the Credit Agreement but disburses instead either
solely to Grantor or to Grantor and Beneficiary, jointly, Grantor shall immediately endorse and transfer such proceeds to Beneficiary if required by the Credit Agreement. Upon Grantor’s failure to do so as required by the Credit Agreement,
Beneficiary may execute such endorsements or transfers from and in the name of Grantor, and Grantor hereby irrevocably appoints Beneficiary as Grantor’s agent and attorney-in-fact so to do. 

Section 3.8 Costs of Defending and Upholding the Lien. If any action or proceeding is commenced to which action or
proceeding Trustee or Beneficiary is made a party or in which it becomes necessary for Trustee or Beneficiary to defend or uphold the lien of this Deed of Trust including any extensions, renewals, amendments or modifications thereof, Grantor shall,
on demand, reimburse Trustee and Beneficiary for all expenses (including, without limitation, reasonable attorneys’ fees) incurred by Trustee or Beneficiary in any such action or proceeding and all such expenses shall be secured by this Deed of
Trust. In any action or proceeding to foreclose this Deed of Trust or to recover or collect the Secured Obligations, the provisions of law relating to the recovering of costs, disbursements and allowances shall prevail unaffected by this covenant.

 Section 3.9 TRANSFER OF THE SECURED PROPERTY. EXCEPT AS PERMITTED PURSUANT TO THE TERMS OF THE CREDIT
AGREEMENT OR THE 

  
 6 

 
OTHER LOAN DOCUMENTS, GRANTOR SHALL NOT SELL, TRANSFER, PLEDGE, ENCUMBER, CREATE A SECURITY INTEREST IN, GROUND LEASE, OR OTHERWISE HYPOTHECATE, ALL OR ANY PORTION OF THE TRUST PROPERTY WITHOUT
THE PRIOR WRITTEN CONSENT OF BENEFICIARY. THE CONSENT BY BENEFICIARY TO ANY SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST IN, GROUND LEASE, OR OTHER HYPOTHECATION OF, ANY PORTION OF THE TRUST PROPERTY SHALL NOT BE DEEMED TO
CONSTITUTE A NOVATION OR A CONSENT TO ANY FURTHER SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST IN, GROUND LEASE, OR OTHER HYPOTHECATION, OR TO WAIVE THE RIGHT OF BENEFICIARY, AT ITS OPTION, TO DECLARE THE INDEBTEDNESS AND
OTHER SECURED OBLIGATIONS SECURED HEREBY IMMEDIATELY DUE AND PAYABLE, WITHOUT NOTICE TO GRANTOR OR ANY OTHER PERSON OR ENTITY, UPON ANY SUCH SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST, GROUND LEASE, OR OTHER HYPOTHECATION
TO WHICH BENEFICIARY SHALL NOT HAVE CONSENTED. 
 Section 3.10 Security Deposits. To the extent required by
law, or after an Event of Default has occurred and during its continuance, if required by Beneficiary, all security deposits of tenants of the Trust Property shall be treated as trust funds not to be commingled with any other funds of Grantor.
Within twenty (20) days after request by Beneficiary during the continuance of an Event of Default, Grantor shall furnish satisfactory evidence of compliance with this Section 3.10, as necessary, together with a statement of all
security deposits deposited by the tenants and copies of all Leases not theretofore delivered to Beneficiary, as requested thereby, certified by Grantor. 
 ARTICLE 4 
 DEFAULT 

Section 4.1 Events of Default. The occurrence of any of the following events shall constitute an event of default
under this Deed of Trust (each an “Event of Default”): 
 (a) an “Event of Default” (as such
term is defined in the Credit Agreement) shall have occurred; 
 (b) Grantor shall breach any covenant contained in
Section 3.9 hereof; or 
 (c) Grantor shall breach any covenant (other than any covenant contained in
Section 3.9 hereof) set forth in this Deed of Trust and Grantor shall fail to remedy such breach within thirty (30) days from written notice by Beneficiary requesting Grantor to remedy same; provided, however, if such breach or
failure is non-monetary in nature and can be remedied, but not within the applicable cure period, the same will not constitute an Event of Default so long as Grantor diligently commences and prosecutes the cure and completes the cure within such
longer period of time as may be reasonably necessary for such cure but in no event shall such cure period exceed ninety (90) days; provided further, however, that if any breach of covenant occurring hereunder would also constitute a breach of
covenant under the Credit Agreement, Grantor shall be entitled only to such notice and cure period as provided in the Credit Agreement with respect to such breach of covenant, if any, and this section shall not operate to extend any such notice and
cure period under the Credit Agreement. 

  
 7 

 ARTICLE 5 
 REMEDIES AND FORECLOSURE 
 Section 5.1 Remedies.
Upon the occurrence and during the continuation of an Event of Default, Beneficiary may, at Beneficiary’s election and by or through Trustee or otherwise, exercise any or all of the following rights, remedies and recourses: 

(a) To the extent permitted under and subject to the terms of the Credit Agreement, declare the Secured Obligations to be immediately
due and payable, without further notice, presentment, protest, notice of intent to accelerate, notice of acceleration, demand or action of any nature whatsoever (each of which hereby is expressly waived by Grantor), whereupon the same shall become
immediately due and payable. 
 (b) Notify all tenants of the Premises and all others obligated on Leases of any part of the
Premises that all rents and other sums owing on Leases have been assigned to Beneficiary and are to be paid directly to Beneficiary, and to enforce payment of all obligations owing on Leases, by suit, ejectment, cancellation, releasing, reletting or
otherwise, whether or not Beneficiary has taken possession of the Premises, and to exercise whatever rights and remedies Beneficiary may have under any assignment of rents and leases. 

(c) As and to the extent permitted by law, enter the Trust Property, either personally or by its agents, nominees or attorneys, and take
exclusive possession thereof and thereupon, Beneficiary may (i) use, operate, manage, control, insure, maintain, repair, restore and otherwise deal with all and every part of the Premises and conduct business thereat; (ii) complete any
construction on the Premises in such manner and form as Beneficiary deems advisable in the reasonable exercise of its judgment; (iii) exercise all rights and power of Grantor with respect to the Premises, whether in the name of Grantor, or
otherwise, including, without limitation, the right to make, cancel, enforce or modify Leases, obtain and evict tenants, and demand, sue for, collect and receive all earnings, revenues, rents, issues, profits and other income of the Premises and
every part thereof, which rights shall not be in limitation of Beneficiary’s rights under any assignment of rents and leases securing the Secured Obligations; and (iv) pursuant to the provisions of the Credit Agreement, apply the receipts
from the Premises to the payment of the Secured Obligations, after deducting therefrom all expenses (including attorneys’ fees) incurred in connection with the aforesaid operations and all amounts necessary to pay the taxes, assessments,
insurance and other charges in connection with the Trust Property, as well as just and reasonable compensation for the services of Beneficiary, its counsel, agents and employees. 

(d) Hold, lease, develop, manage, operate or otherwise use the Trust Property upon such terms and conditions as Beneficiary may deem
reasonable under the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Beneficiary deems necessary or desirable), and apply all Rents and other amounts collected by Trustee in
connection therewith in accordance with the provisions of Section 5.7 hereof. 

  
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 (e) Require Grantor to assemble any collateral under the Code and make it available to
Beneficiary, at Grantor’s sole risk and expense, at a reasonable place or places to be designated by Beneficiary, in its sole discretion. 
 (f) Institute proceedings for the complete foreclosure of this Deed of Trust, either by judicial action or by power of sale which is hereby conferred, in which case the Trust Property may be sold for cash
or credit in accordance with applicable law in one or more parcels as Beneficiary may determine. Except as otherwise required by applicable law, with respect to any notices required or permitted under the Code, Grantor agrees that ten
(10) days’ prior written notice shall be deemed commercially reasonable. At any such sale by virtue of any judicial proceedings, power of sale, or any other legal right, remedy or recourse, the title to and right of possession of any such
property shall pass to the purchaser thereof, and to the fullest extent permitted by law, Grantor shall be completely and irrevocably divested of all of its right, title, interest, claim, equity, equity of redemption, and demand whatsoever, either
at law or in equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against Grantor, and against all other Persons claiming or to claim the property sold or any part thereof, by, through or under
Grantor. Beneficiary or any of the Lenders may be a purchaser at such sale. If Beneficiary is the highest bidder, Beneficiary may credit the portion of the purchase price that would be distributed to Beneficiary (on behalf of the Lender Group)
against the Secured Obligations in lieu of paying cash. In the event this Deed of Trust is foreclosed by judicial action, appraisement and valuation of the Trust Property is waived. In the event of any sale made under or by virtue of this Article
5 (whether made by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale) all of the Secured Obligations, if not previously due and payable, immediately thereupon shall become due and payable. The failure to make any
such tenants of the Premises party to any such foreclosure proceedings and to foreclose their rights will not be, nor be asserted to be by Grantor, a defense to any proceedings instituted by Beneficiary to collect the sums secured hereby.

 (g) With or without entry, to the extent permitted and pursuant to the procedures provided by applicable law, institute
proceedings for the partial foreclosure of this Deed of Trust for the portion of the Secured Obligations then due and payable (if Beneficiary shall have elected not to declare all of the Secured Obligations to be immediately due and owing), subject
to the continuing lien of this Deed of Trust for the balance of the Secured Obligations not then due; or (1) as and to the extent permitted by law, sell for cash or upon credit the Trust Property or any part thereof and all estate, claim,
demand, right, title and interest of Grantor therein, pursuant to power of sale or otherwise, at one or more sales, as an entity or in parcels, at such time and place, upon such terms and after such notice thereof as may be required or permitted by
law, and in the event of a sale, by foreclosure or otherwise, of less than all of the Trust Property, this Deed of Trust shall continue as a lien on the remaining portion of the Trust Property; or (2) institute an action, suit or proceeding in
equity for the specific performance of any covenant, condition or agreement contained herein or in any Loan Document; or (3) to the extent permitted by applicable law, recover judgment on the Credit Agreement either before, during or after any
proceedings for the enforcement of this Deed of Trust. 
 (h) Make application to a court of competent jurisdiction for, and
obtain from such court as a matter of strict right and without notice to Grantor or regard to the adequacy of the Trust Property for the repayment of the Secured Obligations, the appointment of a receiver of the Trust Property, and Grantor
irrevocably consents to such appointment. Any such 

  
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receiver shall have all the usual powers and duties of receivers in similar cases, including the full power to rent, maintain and otherwise operate the Trust Property upon such terms as may be
approved by the court, and shall apply such Rents in accordance with the provisions of Section 5.7 hereof. 
 (i)
Exercise all other rights, remedies and recourses granted under the Loan Documents or otherwise available at law or in equity. 

Section 5.2 Separate Sales. To the extent permissible under applicable law, the Trust Property may be sold in one or
more parcels and in such manner and order as Trustee in its sole discretion may elect; the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales. 

Section 5.3 Remedies Cumulative, Concurrent and Nonexclusive. Beneficiary and Trustee shall have all rights, remedies
and recourses granted in the Loan Documents and available at law or equity (including the Code), which rights (a) shall be cumulated and concurrent, (b) may be pursued separately, successively or concurrently against Grantor or others
obligated under the Loan Documents, or against the Trust Property, or against any one or more of them, at the sole discretion of Beneficiary or Trustee, as the case may be, (c) may be exercised as often as occasion therefor shall arise, and the
exercise or failure to exercise any of them shall not be construed as a waiver or release thereof or of any other right, remedy or recourse, and (d) are intended to be, and shall be, nonexclusive. No action by Beneficiary or Trustee in the
enforcement of any rights, remedies or recourses under the Loan Documents or otherwise at law or equity shall be deemed to cure any Event of Default. 
 Section 5.4 Release of and Resort to Collateral. Beneficiary may release, regardless of consideration and without the necessity for any notice to or consent by the holder of any
subordinate lien on the Trust Property, any part of the Trust Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by the Loan Documents or their
status as a first and prior lien and security interest in and to the Trust Property. For payment of or performance of the Secured Obligations, Beneficiary may resort to any other security in such order and manner as Beneficiary may elect.

 Section 5.5 Waiver of Redemption, Notice and Marshalling of Assets. To the fullest extent permitted by
law, Grantor hereby irrevocably and unconditionally waives and releases (a) all benefit that might accrue to Grantor by virtue of any present or future statute of limitations or law or judicial decision exempting the Trust Property from
attachment, levy or sale on execution or providing for any stay of execution, exemption from civil process, redemption or extension of time for payment, (b) except as required by the Loan Documents, all notices of any Event of Default or of any
election by Trustee or Beneficiary to exercise or the actual exercise of any right, remedy or recourse provided for under the Loan Documents, and (c) any right to a marshalling of assets or a sale in inverse order of alienation. 

Section 5.6 Discontinuance of Proceedings. If Beneficiary or Trustee shall have proceeded to invoke any right, remedy
or recourse permitted under the Loan Documents and shall thereafter elect to discontinue or abandon it for any reason, Beneficiary or Trustee, as the case may be, shall have the unqualified right to do so and, in such an event, Grantor, Beneficiary
and Trustee shall be restored to their former positions with respect to the Secured Obligations, the 

  
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Loan Documents, the Trust Property and otherwise, and the rights, remedies, recourses and powers of Beneficiary and Trustee shall continue as if the right, remedy or recourse had never been
invoked, but no such discontinuance or abandonment shall waive any Event of Default which may then exist or the right of Beneficiary or Trustee thereafter to exercise any right, remedy or recourse under the Loan Documents for such Event of Default.

 Section 5.7 Application of Proceeds. The proceeds of any sale made under or by virtue of this Article
5, together with any Rents and other amounts generated by the holding, leasing, management, operation or other use of the Trust Property, shall be applied by Beneficiary or Trustee (or the receiver, if one is appointed) in the following order
unless otherwise required by applicable law: 
 (a) to the payment of the costs and expenses of taking possession of the Trust
Property and of holding, using, leasing, repairing, improving and selling the same, including, without limitation (1) trustee’s and receiver’s fees and expenses, including the repayment of the amounts evidenced by any receiver’s
certificates, (2) court costs, (3) attorneys’ and accountants’ fees and expenses, and (4) costs of advertisement; 
 (b) to the payment and performance of the Secured Obligations in such manner and order of preference as set forth in the Credit Agreement; and 

(c) the balance, if any, to the payment of the Persons legally entitled thereto. 

Section 5.8 Occupancy After Foreclosure. Except as otherwise required by applicable law, any sale of the Trust
Property or any part thereof in accordance with Section 5.1(f) or Section 5.1(g) hereof will divest all right, title and interest of Grantor in and to the property sold. Subject to applicable law, any purchaser at a
foreclosure sale will receive immediate possession of the property purchased. If Grantor retains possession of such property or any part thereof subsequent to such sale, Grantor will be considered a tenant at sufferance of the purchaser, and will,
if Grantor remains in possession after demand to remove, be subject to eviction and removal, forcible or otherwise, with or without process of law. 
 Section 5.9 Additional Advances and Disbursements; Costs of Enforcement. 
 (a) If any Event of Default has occurred and is continuing, Beneficiary shall have the right, but not the obligation, to cure such Event of Default in the name and on behalf of Grantor. All sums advanced
and expenses incurred at any time by Beneficiary under this Section 5.9, or otherwise under this Deed of Trust or any of the other Loan Documents or applicable law, shall bear interest from the date that such sum is advanced or expense
incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Secured Obligations pursuant to Section 2.6(c)(i) of the Credit Agreement, and all such sums, together with
interest thereon, shall be secured by this Deed of Trust. 
 (b) Grantor shall pay all expenses (including reasonable
attorneys’ fees and expenses) of or incidental to the perfection and enforcement of this Deed of Trust and the other Loan Documents, or the enforcement, compromise or settlement of the Secured

  
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Obligations or any claim under this Deed of Trust and the other Loan Documents, and for the curing thereof, or for defending or asserting the rights and claims of Beneficiary in respect thereof,
by litigation or otherwise. 
 Section 5.10 No Mortgagee in Possession. Neither the enforcement of any of the
remedies under this Article 5 (other than pursuant to Section 5.1(c) hereof), the assignment of the Rents and Leases under Article 6, the security interests under Article 7, nor any other remedies afforded to
Beneficiary under the Loan Documents, at law or in equity shall cause Beneficiary or Trustee to be deemed or construed to be a mortgagee in possession of the Trust Property, to obligate Beneficiary or Trustee to lease the Trust Property or attempt
to do so, or to take any action, incur any expense, or perform or discharge any obligation, duty or liability whatsoever under any of the Leases or otherwise. 
 Section 5.11 WAIVER OF GRANTOR’S RIGHTS. BY EXECUTION OF THIS DEED OF TRUST, GRANTOR EXPRESSLY: (A) ACKNOWLEDGES THE RIGHT OF BENEFICIARY TO ACCELERATE THE INDEBTEDNESS
EVIDENCED BY THE CREDIT AGREEMENT OR OTHER LOAN DOCUMENTS UPON THE OCCURRENCE OF AN EVENT OF DEFAULT; (B) TO THE EXTENT ALLOWED BY APPLICABLE LAW, WAIVES ANY AND ALL RIGHTS WHICH GRANTOR MAY HAVE UNDER THE CONSTITUTION OF THE UNITED STATES, THE
VARIOUS PROVISIONS OF THE CONSTITUTIONS FOR THE SEVERAL STATES, OR BY REASON OF ANY OTHER APPLICABLE LAW, TO NOTICE AND TO JUDICIAL HEARING PRIOR TO THE EXERCISE BY BENEFICIARY OF ANY RIGHT OR REMEDY HEREIN PROVIDED TO BENEFICIARY;
(C) ACKNOWLEDGES THAT GRANTOR HAS READ THIS DEED OF TRUST AND ITS PROVISIONS HAVE BEEN EXPLAINED FULLY TO GRANTOR AND GRANTOR HAS CONSULTED WITH LEGAL COUNSEL OF GRANTOR’S CHOICE PRIOR TO EXECUTING THIS DEED OF TRUST; AND
(D) ACKNOWLEDGES THAT ALL WAIVERS OF THE AFORESAID RIGHTS OF GRANTOR HAVE BEEN MADE KNOWINGLY, INTENTIONALLY AND WILLINGLY BY GRANTOR AS PART OF A BARGAINED FOR LOAN TRANSACTION. 

ARTICLE 6 

ASSIGNMENT OF RENTS AND LEASES 
 Section 6.1 Assignment. In furtherance of and in addition to the assignment made by Grantor in Section 2.1 of this Deed of Trust, Grantor hereby absolutely and
unconditionally assigns, sells, transfers and conveys to Trustee (for the benefit of Beneficiary) and to Beneficiary all of its right, title and interest in and to all Leases, whether now existing or hereafter entered into, and all of its right,
title and interest in and to all Rents. This assignment is an absolute assignment and not an assignment for additional security only. So long as no Event of Default shall have occurred and be continuing and to the extent not prohibited by the Credit
Agreement, Grantor shall have a revocable license from Trustee and Beneficiary to exercise all rights extended to the landlord under the Leases, including the right to receive and collect all Rents and to hold the Rents in trust for use in the
payment and performance of the Secured Obligations and to otherwise use the same. The foregoing license is granted subject to the conditional limitation that no Event of Default shall have occurred and be continuing. Upon the occurrence and during
the continuance of an Event of Default, whether or not legal proceedings 

  
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have commenced, and without regard to waste, adequacy of security for the Secured Obligations or solvency of Grantor, the license herein granted shall automatically expire and terminate, without
notice by Trustee or Beneficiary (any such notice being hereby expressly waived by Grantor). 
 Section 6.2
Perfection Upon Recordation. Grantor acknowledges that Beneficiary and Trustee have taken all actions necessary to obtain, and that upon recordation of this Deed of Trust Beneficiary and Trustee shall have, to the extent permitted under
applicable law, a valid and fully perfected, first priority, present assignment of the Rents arising out of the Leases and all security for such Leases, subject only to the Permitted Liens. Grantor acknowledges and agrees that upon recordation of
this Deed of Trust Trustee’s and Beneficiary’s interest in the Rents shall be deemed to be fully perfected, “choate” and enforced as to Grantor and all third parties, including, without limitation, any subsequently appointed
trustee in any case under the Bankruptcy Code, without the necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative
action. 
 Section 6.3 Bankruptcy Provisions. Without limitation of the absolute nature of the assignment of
the Rents hereunder, Grantor, Trustee and Beneficiary agree that (a) this Deed of Trust shall constitute a “security agreement” for purposes of Section 552(b) of the Bankruptcy Code, (b) the security interest created by this
Deed of Trust extends to property of Grantor acquired before the commencement of a case in bankruptcy and to all amounts paid as Rents and (c) such security interest shall extend to all Rents acquired by the estate after the commencement of any
case in bankruptcy. 
 Section 6.4 No Merger of Estates. So long as part of the Secured Obligations secured
hereby remains unpaid and undischarged, the fee and leasehold estates to the Trust Property shall not merge, but shall remain separate and distinct, notwithstanding the union of such estates either in Grantor, Beneficiary, any tenant or any third
party by purchase or otherwise. 
 ARTICLE 7 
 SECURITY AGREEMENT 
 Section 7.1 Security
Interest. This Deed of Trust constitutes a “security agreement” on personal property within the meaning of the Code and other applicable law and with respect to the Fixtures, Leases, Rents, Deposit Accounts, Property Agreements,
Tax Refunds, Proceeds, Insurance and Condemnation Awards. To this end, Grantor grants to Beneficiary, for the benefit of each member of the Lender Group, a first and prior security interest in the Fixtures, Leases, Rents, Deposit Accounts, Property
Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards, in each case to the extent constituting Trust Property, and all other Trust Property which is personal property (other than any Excluded Assets) to secure the payment and
performance of the Secured Obligations, and agrees that Beneficiary shall have all the rights and remedies of a secured party under the Code with respect to such property. Any notice of sale, disposition or other intended action by Beneficiary with
respect to such Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards sent to Grantor at least ten (10) days prior to any action under the Code shall constitute reasonable
notice to Grantor. NOTWITHSTANDING THE FOREGOING, THE 

  
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TERM “TRUST PROPERTY” SHALL EXCLUDE ALL ITEMS OF PERSONAL PROPERTY IN WHICH BENEFICIARY HAS OBTAINED AND/OR PERFECTED A SECURITY INTEREST UNDER SEPARATE INSTRUMENTS, INCLUDING, WITHOUT
LIMITATION, THE GUARANTY AND SECURITY AGREEMENT AND THE AIRCRAFT SECURITY AGREEMENT. 
 Section 7.2 Financing
Statements. Grantor shall execute (as necessary) and deliver to Beneficiary, in form and substance satisfactory to Beneficiary, such financing statements and such further assurances as Beneficiary may, from time to time, reasonably consider
necessary and request from Grantor to create, perfect and preserve Beneficiary’s security interest hereunder and Beneficiary may cause such statements and assurances to be recorded and filed, at such times and places as may be required or
permitted by law to so create, perfect and preserve such security interest. Grantor’s state of organization is the State of Delaware. 
 Section 7.3 Fixture Filing. This Deed of Trust shall also constitute a “fixture filing” for the purposes of the Code against all of the Trust Property which is or is to become
fixtures, and to the extent permitted under applicable law, the filing hereof in the real estate records of the county in which such Trust Property is located, shall also operate from the time of filing as a fixture filing with respect to such Trust
Property, and the following information is applicable for the purpose of such fixture filing, to wit: 
  

			
	Name and Address of the Debtor:	  	Name and Address of the secured party:
		
	 Grantor having the address described in the Preamble hereof.

 
 Grantor is a corporation organized under the laws of the State of Delaware whose
Organization Number is DE3330188 and whose Taxpayer Identification Number is 93-1307561
	  	Beneficiary having the address described in the Preamble hereof, from which address information concerning the security interest may be obtained.
	  
 This Financing Statement covers the following types
or items of property:
  
 The Trust Property.

 
 This instrument covers goods or items of personal property (other than Excluded
Assets) which are or are to become fixtures upon the property.
  
 The name
of the record owner of the Premises on which such fixtures are or are to be located is Grantor.

 In addition, Grantor authorizes Beneficiary at any time and from time to time to file, transmit, or communicate, as
applicable, appropriate financing statements, amendments and continuation statements as may be required by law in order to establish, preserve and protect the liens and security interests intended to be granted to Beneficiary pursuant to this Deed
of Trust in the Trust Property. Grantor also hereby ratifies any and all financing statements or amendments previously filed by Agent in any jurisdiction. 

  
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 ARTICLE 8 
 CONCERNING THE TRUSTEE 
 Section 8.1 Certain
Rights. With the approval of Beneficiary, Trustee shall have the right to select, employ and consult with counsel. Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or
proposed to be taken by it hereunder, believed by it in good faith to be genuine. Trustee shall be entitled to reimbursement for actual, reasonable expenses incurred by it in the performance of its duties and to reasonable compensation for
Trustee’s services hereunder as shall be rendered. GRANTOR SHALL, FROM TIME TO TIME, PAY THE COMPENSATION DUE TO TRUSTEE HEREUNDER AND REIMBURSE TRUSTEE FOR, AND INDEMNIFY, DEFEND AND SAVE TRUSTEE HARMLESS AGAINST, ALL LIABILITY AND
REASONABLE EXPENSES WHICH MAY BE INCURRED BY IT IN THE PERFORMANCE OF ITS DUTIES; however, Grantor shall not be liable under such indemnification to the extent such liability or expenses result solely from Trustee’s or Beneficiary’s
gross negligence, willful misconduct or actions taken in bad faith. 
 Section 8.2 Retention of Money. All
monies received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to the extent required by law), and
Trustee shall be under no liability for interest on any moneys received by him hereunder. 
 Section 8.3 Successor
Trustees. If Trustee or any successor trustee (any such successor to Trustee being hereinafter referred to as “Successor Trustee”) shall die, resign or become disqualified from acting in the execution of this trust,
or Beneficiary shall desire to appoint a Successor Trustee, Beneficiary shall have full power to appoint one or more Successor Trustees and, if preferred, several Successor Trustees in succession who, if the appointment is recorded in the mortgage
records of the county in which this Deed of Trust is recorded, shall succeed to all the estates, rights, powers and duties of Trustee. Such appointment may be executed by any authorized agent of Beneficiary and as so executed, such appointment shall
be conclusively presumed to be executed with authority, valid and sufficient, without further proof of any action. 

Section 8.4 Perfection of Appointment. Should any deed, conveyance or instrument of any nature be required from
Grantor by any Successor Trustee to more fully and certainly vest in and confirm to such Successor Trustee such estates, rights, powers and duties, then, upon request by such Successor Trustee, all such deeds, conveyances and instruments shall be
made, executed, acknowledged and delivered and shall be caused to be recorded and/or filed by Grantor. 
 Section 8.5
Trustee Liability. In no event or circumstance shall Trustee or any Successor Trustee hereunder be personally liable under or as a result of this Deed of Trust, either as a result of any action by Trustee (or any Successor Trustee) in the
exercise of the powers hereby granted or otherwise. 

  
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 ARTICLE 9 
 MISCELLANEOUS 
 Section 9.1 Notices. Any notice
required or permitted to be given under this Deed of Trust shall be given in accordance with Section 11 of the Credit Agreement. 
 Section 9.2 Covenants Running with the Land. All of the Secured Obligations contained in this Deed of Trust are intended by Grantor, Beneficiary and Trustee to be, and shall be
construed as, covenants running with the Trust Property. As used herein, “Grantor” shall refer to the party named in the first paragraph of this Deed of Trust and to any subsequent owner of all or any portion of the Trust Property. All
Persons who may have or acquire an interest in the Trust Property shall be deemed to have notice of, and be bound by, the terms of the Credit Agreement and the other Loan Documents; however, no such party shall be entitled to any rights thereunder
without the prior written consent of Beneficiary. 
 Section 9.3 Attorney-in-Fact. Grantor hereby irrevocably
appoints Beneficiary and its successors and assigns, as its attorney-in-fact, which agency is coupled with an interest and with full power of substitution, (a) to execute and/or record any notices of completion, cessation of labor or any other
notices that Beneficiary deems appropriate to protect Beneficiary’s interest, if Grantor shall fail to do so within ten (10) days after written request by Beneficiary, (b) upon the issuance of a deed pursuant to the foreclosure of
this Deed of Trust or the delivery of a deed in lieu of foreclosure, to execute all instruments of assignment, conveyance or further assurance with respect to the Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance
and Condemnation Awards constituting Trust Property in favor of the grantee of any such deed and as may be necessary or desirable for such purpose, (c) to prepare, execute and file or record financing statements, continuation statements,
applications for registration and like papers necessary to create, perfect or preserve Beneficiary’s security interests and rights in or to any of the Trust Property, and (d) while any Event of Default exists, to perform any obligation of
Grantor hereunder, however: (1) Beneficiary shall not under any circumstances be obligated to perform any obligation of Grantor; (2) any sums advanced by Beneficiary in such performance shall be added to and included in the Secured
Obligations and shall bear interest at the rate or rates at which interest is then computed on the Secured Obligations; (3) Beneficiary as such attorney-in-fact shall only be accountable for such funds as are actually received by Beneficiary;
and (4) Beneficiary shall not be liable to Grantor or any other person or entity for any failure to take any action which it is empowered to take under this Section 9.3. Notwithstanding the foregoing, Beneficiary shall be liable for
its gross negligence, willful misconduct, and bad faith in connection with exercising its rights hereunder. 

Section 9.4 Successors and Assigns. This Deed of Trust shall be binding upon and inure to the benefit of Beneficiary,
the Lenders, Trustee and Grantor and their respective successors and assigns. Grantor shall not, without the prior written consent of Beneficiary, assign any rights, duties or obligations hereunder. 

Section 9.5 No Waiver. Any failure by Beneficiary, the Lenders or Trustee to insist upon strict performance of any of
the terms, provisions or conditions of the Loan Documents shall not be deemed to be a waiver of same, and Beneficiary, the Lenders or Trustee shall have the right at any time to insist upon strict performance of all such terms, provisions and
conditions. 

  
 16 

 Section 9.6 Credit Agreement. If any conflict or inconsistency exists
between this Deed of Trust and the Credit Agreement, the Credit Agreement shall govern. 
 Section 9.7 Release or
Reconveyance. Upon (a) the payment and performance in full of all of the Secured Obligations and the expiration or termination of the Commitments, or (b) a sale or other disposition of the Trust Property permitted by the Credit
Agreement, then Beneficiary, at Grantor’s expense, shall release the liens and security interests created by this Deed of Trust or reconvey the Trust Property to Grantor or the Persons legally entitled thereto. Any reference in this Deed of
Trust to the payment, repayment, or satisfaction in full of the Secured Obligations shall mean the repayment in full in cash or immediately available funds (or, in the case of contingent reimbursement obligations with respect to Letters of Credit,
providing Letter of Credit Collateralization) of all monetary Secured Obligations other than unasserted contingent indemnification Secured Obligations. 
 Section 9.8 Waiver of Stay, Moratorium and Similar Rights. Grantor agrees, to the full extent that it may lawfully do so, that it will not at any time insist upon or plead or in any way
take advantage of any stay, marshalling of assets, extension, redemption or moratorium law now or hereafter in force and effect so as to prevent or hinder the enforcement of the provisions of this Deed of Trust or the Secured Obligations secured
hereby, or any agreement between Grantor and Beneficiary or any rights or remedies of Beneficiary or Trustee. 

Section 9.9 Applicable Law. This Deed of Trust shall be governed by and construed under the laws of the state in which
the Trust Property is located. 
 Section 9.10 Headings. The Article, Section and Subsection titles hereof
are inserted for convenience of reference only and shall in no way alter, modify or define, or be used in construing, the text of such Articles, Sections or Subsections. 
 Section 9.11 Entire Agreement. THIS DEED OF TRUST AND THE OTHER LOAN DOCUMENTS EMBODY THE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN GRANTOR AND BENEFICIARY AND SUPERSEDE ALL PRIOR
AGREEMENTS AND UNDERSTANDINGS BETWEEN SUCH PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF. ACCORDINGLY, THE LOAN DOCUMENTS MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE
ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 Section 9.12 Beneficiary as Agent; Successor
Agents. 
 (a) Agent has been appointed to act as Agent hereunder by the Lender Group. Agent shall have the right
hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including, without limitation, the release or substitution of the Trust Property) in accordance with the
terms of the Credit Agreement, any related agency agreement among Agent and the Lender Group (collectively, as amended, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Deed
of Trust. Grantor and all other persons shall be entitled to rely on releases, waivers, consents, approvals, notifications and other acts of Agent, without inquiry into the existence of required consents or approvals of the Lender Group therefor.

  
 17 

 (b) Beneficiary shall at all times be the same Person that is Agent under the Agency
Documents. Written notice of resignation by Agent pursuant to the Agency Documents shall also constitute notice of resignation as Agent under this Deed of Trust. Removal of Agent pursuant to any provision of the Agency Documents shall also
constitute removal as Agent under this Deed of Trust. Appointment of a successor Agent pursuant to the Agency Documents shall also constitute appointment of a successor Agent under this Deed of Trust. Upon the acceptance of any appointment as Agent
by a successor Agent under the Agency Documents, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Agent as the Beneficiary under this Deed of Trust, and
the retiring or removed Agent shall promptly (i) assign and transfer to such successor Agent all of its right, title and interest in and to this Deed of Trust and the Trust Property, and (ii) execute and deliver to such successor Agent
such assignments and amendments and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Agent of the liens and security interests created hereunder, whereupon such retiring or removed Agent
shall be discharged from its duties and obligations under this Deed of Trust. After any retiring or removed Agent’s resignation or removal hereunder as Agent, the provisions of this Deed of Trust and the Agency Documents shall inure to its
benefit as to any actions taken or omitted to be taken by it under this Deed of Trust while it was the Agent hereunder. 
 (c)
Each reference herein to any right granted to, benefit conferred upon or power exercisable, exercised or action taken by the “Beneficiary” shall be deemed to be a reference to or be deemed to have been so taken, as the case may be, by
Beneficiary in its capacity as Agent pursuant to the Credit Agreement for the benefit of the Lender Group, all as more fully set forth in the Credit Agreement. 
 Section 9.13 Modifications to Credit Agreement. This Deed of Trust will continue to secure the Secured Obligations under the Credit Agreement, as the Credit Agreement may in the future
be amended, amended and restated, modified, assigned or otherwise supplemented and in effect from time to time. In the event the Credit Agreement is amended, modified or otherwise supplemented, there shall be no need to amend, modify or otherwise
supplement this Deed of Trust, unless required by the laws of any State or Commonwealth in which portions of the Trust Property are situated. 
 ARTICLE 10 
 LOCAL LAW PROVISIONS 

Section 10.1 FORCED PLACE INSURANCE NOTICE. WARNING: UNLESS GRANTOR PROVIDES BENEFICIARY WITH EVIDENCE OF
THE INSURANCE COVERAGE AS REQUIRED BY THE CREDIT AGREEMENT, THIS DEED OF TRUST OR ANY OTHER LOAN DOCUMENT, BENEFICIARY MAY PURCHASE INSURANCE AT GRANTOR’S EXPENSE TO PROTECT BENEFICIARY’S INTEREST. THIS INSURANCE MAY, BUT NEED NOT, ALSO
PROTECT GRANTOR’S INTEREST. IF THE TRUST PROPERTY BECOMES DAMAGED, THE COVERAGE BENEFICIARY PURCHASES MAY NOT PAY ANY 

  
 18 

 
CLAIM GRANTOR MAKES OR ANY CLAIM MADE AGAINST GRANTOR. GRANTOR MAY LATER CANCEL THIS COVERAGE BY PROVIDING EVIDENCE THAT GRANTOR HAS OBTAINED PROPERTY COVERAGE ELSEWHERE. 

GRANTOR IS RESPONSIBLE FOR THE COST OF ANY INSURANCE PURCHASED BY BENEFICIARY. THE COST OF THIS INSURANCE MAY BE ADDED TO THE LOAN
BALANCE. IF THIS COST IS ADDED TO THE LOAN BALANCE, THE INTEREST RATE PAYABLE UNDER THE CREDIT AGREEMENT WILL APPLY TO THE ADDED AMOUNT. THE EFFECTIVE DATE OF THE COVERAGE MAY BE THE DATE GRANTOR’S PRIOR COVERAGE LAPSED OR THE DATE GRANTOR
FAILED TO PROVIDE PROOF OF COVERAGE. 
 THE COVERAGE PURCHASED BY BENEFICIARY MAY BE CONSIDERABLY MORE EXPENSIVE THAN
INSURANCE GRANTOR CAN OBTAIN ON ITS OWN AND MAY NOT SATISFY ANY NEED FOR PROPERTY DAMAGE COVERAGE OR MANDATORY LIABILITY INSURANCE REQUIREMENTS IMPOSED BY APPLICABLE LAW. 
 Section 10.2 Statute of Frauds (ORS 41.580). UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND COMMITMENTS MADE BY BENEFICIARY CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH
ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE GRANTOR’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY BENEFICIARY TO BE ENFORCEABLE. 

Section 10.3 Land Use Warnings. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE
SHOULD INQUIRE ABOUT THE PERSON’S RIGHTS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8,
OREGON LAWS 2010. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY
SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010 OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO
DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424,
OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. 

Section 10.4 Commercial Property. Grantor warrants that this Deed of Trust is not and will at all times continue not
to be a residential trust deed as that term is defined in ORS 86.705(5), or any successor to such provision. This Deed of Trust secures an obligation incurred exclusively for commercial, business or investment purposes. 

  
 19 

 Section 10.5 Attorneys’ Fees. Grantor hereby agrees that in the
event of any litigation related to this Deed of Trust or any other agreement between Grantor and Beneficiary, Grantor shall pay any of Beneficiary’s reasonable attorneys’ fees incurred at trial, on petition for review, in arbitration and
in mediation proceedings and in connection with the negotiation, compromise or settlement of the Secured Obligations and any proceedings for relief in bankruptcy. Grantor shall additionally be responsible, without limitation, for the cost of
searching records, obtaining title reports, surveyor’s reports, engineering and environmental reports, attorneys’ opinion, title insurance policies, appraisals, expert witness fees and fees for the Trustee. 

ARTICLE 11 

SURETYSHIP WAIVERS AND ACKNOWLEDGEMENTS 
 Section 11.1 Grantor acknowledges that the security interests granted pursuant to this Deed of Trust are being given to secure, among other things, Borrowers’ obligations under the Credit
Agreement and the other Loan Documents and that, as a result, Grantor may have rights as a surety or a guarantor under New York and/or Oregon law. Grantor is willing to waive such rights. Grantor acknowledges that is has executed and delivered this
Deed of Trust with the intent of subjecting its interests in the Trust Property to the lien of this Deed of Trust as security for the Secured Obligations in order to induce Beneficiary and the other members of the Lender Group to enter into the
Credit Agreement and the other Loan Documents and to induce the Lender Group to make financial accommodations to Borrowers as provided for in the Credit Agreement and the other Loan Documents, and Grantor hereby agrees, to the fullest extent
permitted by law, not to assert or take advantage of: 
 (a) Any right to require Beneficiary to proceed against Borrowers or
any other Person, or to proceed against or exhaust any other security held by Beneficiary (and not secured by this Deed of Trust) at any time, or to pursue any other remedy in Beneficiary’s power before exercising any right or remedy under this
Deed of Trust. 
 (b) Any defense (other than payment in full of the Secured Obligations and termination of the Commitments)
that may arise by reason of: 
 (i) The release, suspension, discharge or impairment of any of Beneficiary’s rights
against Borrowers or any other Person against whom Beneficiary might assert a claim, whether such release, suspension, discharge or impairment is explicit, tacit or inadvertent; or 

(ii) Beneficiary’s failure to pursue any other remedies available to Beneficiary that would reduce the burden of the Secured
Obligations secured hereby on Borrowers’ interests in the Trust Property; or 
 (iii) Any extension of the time for the
payment or performance of any Borrowers’ obligations under the Credit Agreement or any of the other Loan Documents; or 

(iv) The incapacity or lack of authority of Borrowers or any other Person or Persons; or 

  
 20 

 (v) The failure of Beneficiary to file or enforce a claim against the estate (in either
administration, bankruptcy or any other proceedings) of Borrowers or any other Person or Persons. 
 (c) Demand, protest and
notice of any kind, including, without limitation, the following notices: 
 (i) Notice of the evidence, creation or incurring
of any new or additional indebtedness or obligation; or 
 (ii) Notice of any action or non-action on the part of any Borrowers
or Beneficiary in connection with any obligation or evidence of the Secured Obligations; or 
 (iii) Notice of payment or
non-payment by Borrowers of the Secured Obligations. 
 (d) Any right to assert against Beneficiary any defense arising by
reason of any claim or defense based upon an election of remedies by Beneficiary to foreclose, either by judicial foreclosure or by exercise of the power of sale, this Deed of Trust, which in any manner impairs, reduces, releases, destroys or
extinguishes Grantor’s subrogation rights, rights to proceed against Borrowers for reimbursement, or any other rights of Grantor to proceed against any other person or security. Grantor waives all rights and defenses to enforcement of all or
any part of the Secured Obligations which defenses are based on an election of remedies by Beneficiary, even though the election of remedies, such as non-judicial foreclosure with respect to this Deed of Trust, may destroy Grantor’s rights of
subrogation and reimbursement against Borrowers or any other Person by operation of any applicable law. Grantor makes this waiver with full knowledge that if Beneficiary (i) waives a deficiency judgment in a judicial foreclosure, or
(ii) exercises the power of sale under this Deed of Trust, any action by Grantor against any Borrower to obtain reimbursement of any amount paid by Grantor hereunder may be barred by reason of (x) Beneficiary’s waiver of such
deficiency in a judicial foreclosure or (y) Beneficiary’s exercise of such power of sale under the provisions of applicable law which provides that no judgment shall be rendered for any deficiency upon a note secured by a Deed of Trust
upon real property in any case in which the real property has been sold by the trustee under the power of sale contained in the Deed of Trust. Grantor understands that absent the waiver set forth herein, Grantor may have a defense to its obligations
hereunder with respect to a deficiency following a non-judicial foreclosure or a judicial foreclosure in which the Beneficiary waived its right to a deficiency judgment against Borrowers and that by granting this waiver, Grantor is waiving this
defense which Grantor would have against Beneficiary. Grantor further waives any and all rights and defenses that Grantor may have because Borrowers’ debt is secured by real property; this means, among other things, that: (1) Beneficiary
may collect from Grantor without first foreclosing on any real or personal property collateral pledged by Borrowers; (2) if Beneficiary forecloses on any real property collateral pledged by Borrowers, then (A) the amount of the debt may be
reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price, and (B) Beneficiary may collect from Grantor even if Beneficiary, by foreclosing on the real property
collateral, has destroyed any right Grantor may have to collect from Borrowers. The foregoing sentence is an unconditional and irrevocable waiver of any rights and defenses Grantor may have because the Secured Obligations are secured by real
property. 

  
 21 

 (e) Any rights arising because of Borrowers’ payment or satisfaction of the Secured
Obligations secured hereby (i) against any other obligor, by way of subrogation to the rights of Beneficiary or otherwise, or (ii) against any other guarantor or any other Person obligated to pay any of the Secured Obligations secured
hereby, by way of contribution or reimbursement or otherwise. 
 (f) Any duty on the part of Beneficiary to disclose to Grantor
any default by Borrowers under the Credit Agreement and/or the other Loan Documents. 
 (g) Any duty on the part of Beneficiary
to disclose to Grantor facts Beneficiary may now know or may hereafter know about Borrowers or any successors in interest (if any) regardless of whether Beneficiary (i) has reason to believe that any such facts materially increase the risk
beyond the risk which Grantor intends to assume by executing this Deed of Trust, (ii) has reason to believe that these facts are unknown to Grantor, or (iii) has a reasonable opportunity to communicate such facts to Grantor, it being
understood and agreed that Grantor is fully responsible for being and keeping informed of the financial condition of Borrowers and of all circumstances bearing on the risk of non-payment of any indebtedness that is secured hereby. 

(h) Any right to object to the release of any portions of the Trust Property from the lien of this Deed of Trust notwithstanding the
fact that such releases may be made without Beneficiary having received any or adequate consideration therefor. 
 (i) Grantor
further agrees that with respect to any obligation secured hereby Beneficiary may, in such manner and upon such terms and at such times as Beneficiary deems best and without demand or notice to or consent of Grantor (i) release any Person now
or hereafter liable for the performance of any such obligation, (ii) extend the time for the performance of any such obligation, (iii) accept additional security therefor, and (iv) alter, substitute or release any property securing
such performance. 
 Section 11.2 Section 2.15 of the Credit Agreement is hereby incorporated by
reference as if set forth in its entirety herein. 

  
 22 

 IN WITNESS WHEREOF, Grantor has on the date set forth in the acknowledgement hereto,
effective as of the date first above written, caused this instrument to be duly EXECUTED AND DELIVERED by authority duly given. 
  

							
	 GRANTOR:
	 		 	ERICKSON AIR-CRANE INCORPORATED
				
		 		 	By:	 	 /s/ Edward T. Rizzuti

		 		 	Name:	 	Edward T. Rizzuti
		 		 	Its:	 	Vice President, General Counsel and Corporate Secretary

  

					
	STATE OF OREGON	  	)	  	
		  	)	  	ss.
	COUNTY OF MULTNOMAH	  	)	  	

 This instrument was acknowledged before me on June 13, 2013, by Edward T. Rizzuti, as Vice President, General
Counsel and Corporate Secretary of ERICKSON AIR-CRANE INCORPORATED, a Delaware corporation, on behalf of the corporation. 
  

	
	WITNESS my hand and official seal.
	
	 /s/ Laura Bennett

	Notary Public for the State of Oregon
	My Commission Expires: August 19, 2016

 [SIGNATURE PAGE TO LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND
FIXTURE FILING] 

 Exhibit A 
 Legal Description of the Land 
 Real property in the City of Central Point, County of
Jackson, State of Oregon, described as follows: 
 PARCEL 1: 
 COMMENCING AT A BRASS CAPPED MONUMENT MARKING THE SOUTHWEST CORNER OF SECTION 28, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN JACKSON COUNTY, OREGON; THENCE NORTH 89° 55’
46” EAST (RECORD EAST) ALONG THE SOUTH LINE OF SAID SECTION, 1892.41 FEET; THENCE NORTH 0° 04’ 14” WEST (RECORD NORTH, 20.00 FEET) TO A 5/8 INCH IRON PIN ON THE NORTH RIGHT OF WAY LINE OF WILLOW SPRINGS ROAD AND THE EASTERLY RIGHT
OF WAY OF CENTRAL OREGON PACIFIC RAILROAD, (FORMERLY SOUTHERN PACIFIC RAILROAD); THENCE NORTH 35° 07’ 56” WEST (RECORD NORTH 35° 03’ 38” WEST) 10.16 FEET TO A POINT WHICH BEARS NORTH 89° 52’ 00” WEST, 0.15
FEET OF A CYCLONE FENCE CORNER AND LINE DESCRIBED IN DOCUMENT NO. 94-35218, OFFICIAL RECORDS OF JACKSON COUNTY, OREGON AND THE POINT OF BEGINNING; THENCE SOUTH 89” 52’ 00” EAST, ALONG SAID LINE BEING THE NORTH RIGHT OF WAY LINE OF
SAID ROAD, 0.15 FEET TO SAID FENCE CORNER; THENCE CONTINUING SOUTH 89° 52’ 00” EAST, ALONG SAID LINE 481.36 FEET; THENCE NORTH 89° 23’ 47” EAST, ALONG SAID LINE, 85.83 FEET; THENCE SOUTH 88° 49’ 25” EAST,
ALONG SAID LINE AND ITS EXTENSION, 36.20 FEET TO A POINT ON THE EAST LINE OF THE PARCEL DESCRIBED IN DOCUMENT NO. 93-00709 OF SAID OFFICIAL RECORDS, SAID POINT BEARS NORTH 0° 13’ 22” WEST (RECORD NORTH 0° 09’ 04” WEST)
6.60 FEET OF A TACK AND BRASS WASHER SET ON TOP OF AN 8 INCH X 8 INCH WOOD FENCE POST; THENCE NORTH 0° 13’ 22” WEST (RECORD NORTH 0° 09’ 04’ WEST) ALONG SAID EAST LINE OF SAID PARCEL, 417.45 FEET TO A POINT WHICH BEARS
SOUTH 16° 10’ 38” WEST (RECORD NORTH 16° 02’ 05” EAST) 0.26 FEET OF THE CENTER OF A 12 INCH DIAMETER BROKEN OFF UTILITY POLE; THENCE NORTH 81° 23’ 36” WEST (RECORD NORTH 81° 19’ 18” WEST) ALONG
THE NORTH LINE OF SAID PARCEL, 1013.05 FEET TO A 5/8 INCH IRON PIN ON SAID EASTERLY RIGHT OF WAY OF THE CENTRAL OREGON PACIFIC RAILROAD, BEING 100.00 FEET EASTERLY, MEASURED AT RIGHT ANGLES OF THE CENTERLINE OF THE MAIN LINE TRACT; THENCE SOUTH
35° 07’ 56” EAST (RECORD SOUTH 35° 03’ 38” EAST) ALONG SAID EASTERLY RIGHT OF WAY PARALLEL WITH SAID CENTERLINE ALSO BEING THE WESTERLY LINE OF SAID PARCEL, 694.63 FEET TO THE POINT OF BEGINNING. 

PARCEL 2: 
 PARCEL 1 OF PARTITION
PLAT NO. P-120-1990 OF THE RECORDS OF PARTITION PLATS OF JACKSON COUNTY, OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259. 
 LESS AND EXCEPTING THE FOLLOWING DESCRIBED TRACT: COMMENCING AT A 5/8” IRON PIN ON THE EASTERLY LINE OF PARCEL 1 OF PARTITION PLAT NO. P-120-1990 OF THE RECORDS Of PARTITION PLATS OF JACKSON COUNTY,
OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259, LOCATED IN THE NORTHWEST AND THE NORTHEAST QUARTERS OF SECTION 23 AND THE SOUTHEAST QUARTER OF SECTION 14, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN,
SAID 

 
COUNTY AND STATE; THENCE SOUTH 23° 46’ 14” EAST, ALONG SAID EASTERLY LINE, 756.69 FEET, TO THE NORTHERLY LINE OF THAT RAILROAD RIGHT OF WAY DESCRIBED IN VOLUME 353, PAGE 94 Of THE
DEED RECORDS OF SAID COUNTY AND STATE; THENCE SOUTH 79° 44’ 52” WEST, ALONG SAID RIGHT Of WAY, 312.28 FEET, TO A 5/8” IRON PIN MONUMENT, BEING THE POINT OF BEGINNING; THENCE SOUTH 78° 22’ 16” WEST, LEAVING SAID RIGHT
OF WAY LINE, 12.67 FEET, TO A 5/8” IRON PIN ON THE SOUTHERLY LINE OF SAID PARCEL 1; THENCE NORTH 9° 58’ 40” WEST, ALONG SAID SOUTHERLY LINE AND AN EXTENSION THEREOF, 10.30 FEET, TO SAID NORTHERLY RIGHT OF WAY LINE; THENCE NORTH
79° 44’ 52” EAST, ALONG SAID RIGHT OF WAY LINE, 12.62 FEET, TO A 5/8” IRON PIN; THENCE SOUTH 10° 15’ 08” EAST, ALONG SAID RIGHT OF WAY LINE, 10.00 FEET, TO THE POINT OF BEGINNING. 

TOGETHER WITH THE FOLLOWING DESCRIBED TRACT: BEGINNING AT A 5/8” IRON PIN, MONUMENTING THE NORTHWEST CORNER OF PARCEL 1 OF PARTITION PLAT NO.
P-120-1990 OF THE RECORDS OF PARTITION PLATS OF JACKSON COUNTY, OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259, LOCATED IN THE NORTHWEST QUARTER AND THE NORTHEAST QUARTER OF SECTION 23 AND THE SOUTHEAST QUARTER OF
SECTION 14, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN, JACKSON COUNTY, OREGON; THENCE WESTERLY ALONG THE NORTH LINE OF PARCEL 2 OF SAID PARTITION PLAT, ALONG THE ARC OF A CURVE TO THE RIGHT HAVING A RADIUS OF 5770.00 FEET, A CENTRAL
ANGLE OF 0° 51’ 13”, A LENGTH OF 85.97 FEET AND A LONG CHORD BEARING AND DISTANCE OF (SOUTH 77° 52’ 47” WEST, 85.97 FEET); THENCE SOUTH 78° 18’ 24” WEST, ALONG SAID NORTH LINE, 661.02 FEET, TO A 5/8”
IRON PIN MONUMENT; THENCE SOUTH 11° 41’ 36” EAST, LEAVING SAID NORTH LINE, 1157.66 FEET, TO A 5/8” IRON PIN MONUMENT ON THE NORTH LINE OF THAT RAILROAD RIGHT OF WAY DESCRIBED IN VOLUME 353, PAGE 94 OF THE RECORDS OF JACKSON
COUNTY, OREGON; THENCE NORTH 79° 44’ 52” EAST, ALONG SAID NORTH RIGHT OF WAY LINE, 747.30 FEET, TO THE WEST LINE OF SAID PARCEL 1; THENCE NORTH 11° 41’ 49” WEST, ALONG THE WEST LINE OF SAID PARCEL 1, 1177.10 FEET, TO THE
POINT OF BEGINNING. 
 EXCEPTING THEREFROM THAT PORTION CONVEYED TO JACKSON COUNTY, BY DOCUMENT NO. 99-14701, OFFICIAL RECORDS OF JACKSON
COUNTY, OREGON. 
 NOTE: This legal description was created prior to January 1, 2008. 

Tax Parcel Number: 1-018858-2, 3-014105-1 and 1-079606-6 

 Exhibit B 
 Permitted Liens 
  

	1.	These premises are situated in the Rogue River Valley Irrigation District, and subject to the levies and assessments thereof, water and irrigation rights, easements for
ditches and canals and regulations concerning the same. 

 NOTE: Pursuant to an instrument recorded July 28,
2005 as Document No. 2005-059078 the herein described land is no longer subject to levies and assessments imposed by said District. 
  

	2.	The Land does not include any improvement(s) located on the Land which is described or defined as a mobile home (manufactured housing unit) under the provisions of
State Law and is subject to registration. 

  

	3.	Easement, including terms and provisions contained therein: 

 Recording Information: Volume 183, Page 108, Deed Records 
 In Favor of: Postal
Telegraph Cable Co. 
 For: telephone, telegraph, and communication lines 

 

	4.	Easement, including terms and provisions contained therein: 

 Recording Information: 94-35218, Official Records 
 In Favor of: Jackson County

 For: right of way purposes 
  

	5.	Easement, including terms and provisions contained therein: 

 Recording Information: 95-01305, Official Records 
 For: utility purposes

  

	6.	Easement, including terms and provisions contained therein: 

 Recording Information: 95-01749, Official Records 
 In Favor of: Pacificorp dba
Pacific Power and Light Company 
 For: transmission and distribution of electricity 

 

	7.	Easement, including terms and provisions contained therein: 

 Recording Information: October 02, 2003 as Document No. 03-67805 
 In
Favor of: PacifiCorp, an Oregon corporation its successors and assigns 
 For: transmission and distribution of electricity

  

	8.	Equitable Servitude and Easement, including terms and provisions contained therein: 

Recording Information: October 23, 2003 as Document No. 03-73047 

In Favor of: State of Oregon 
  

 
  

	9.	Regulations, levies, liens, assessments, rights of way and easements of Rogue Valley Sewer Services. 

 

	10.	The Land lies within the White City Urban Renewal Area and is subject to the terms and provisions thereof. 

 

	11.	Easement, including terms and provisions contained therein: 

 Recording lnformation: Volume 324, Pages 241, Jackson County, Oregon, Deed Records 

For: trunk line sewer 
  

	12.	Covenants, conditions, restrictions and/or easements; but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on
race, color, religion, sex, handicap, family status, or national origin to the extent such covenants, conditions or restrictions violate Title 42, Section 3604(c), of the United States Codes: 

Recording Information: Volume 324, Pages 241, Deed Records 
 Modification and/or amendment by instrument: 
 Recording Information: Volume 445,
Pages 65, Deed Records, and as Document Nos. 68-03280; 68-11766 and 92-02104, Official Records 
  

 

	13.	A permanent right of way and easement, including terms and provisions contained therein: 

Recording Information: 70-02386, Official Records 
 In Favor of: Bear Creek Valley Sanitary Authority 
 For: construct, reconstruct
operate, repair and maintain sewer lines 
  

	14.	A permanent right of way and easement, including terms and provisions contained therein: 

Recording Information: 70-12501, Official Records 
 In Favor of: Bear Creek Valley Sanitary Authority 
 For: construct, reconstruct
operate, repair and maintain sewer lines 
 Affects: 20 feet adjacent to and parallel with Kirtland Road 

 

	15.	Easement as shown on the Partition Plat No. P-120-1990 recorded October 30, 1990 

For: public utility 
 Affects:: 20 feet adjacent to and parallel with Antelope Road 
  

	16.	Easement, including terms and provisions contained therein: 

 Recording Information: 91-01158, Official Records 
 For: 30 foot wide roadway

  

	17.	Easement, including terms and provisions contained therein: 

 Recording Information: 93-10763, Official Records 
 For: 25 foot wide public
utility 
  

	18.	Building Site Improvement Agreement with Jackson County, including terms and provisions thereof. 

Recorded: 96-40700, Official Records 
  

	19.	Easement, including terms and provisions contained therein: 

 Recording Information: 98-13250, Official Records 
 In Favor of: Bear Creek Valley
Sanitary Authority 
 For: sanitary sewer line purposes 

 
  
  

	20.	Building Site Improvement Agreement, including terms and provisions thereof. 

 Recorded: 02-09899, Official Records 
  

	21.	Easement, including terms and provisions contained therein: 

 Recording Information: 02-29785, Official Records 
 In Favor of: City of Medford

 For: water mains 
  

	22.	Easement, including terms and provisions contained therein: 

 Recording Information: 02-43294, Official Records 
 In Favor of: Pacificorp dba
Pacific Power and Light, Company 
 For: transmission and distribution of electricity 

 

	23.	Easement, including terms and provisions contained therein: 

 Recording Information: 2004-003649, Official Records 
 In Favor of: City of Medford

 For: waterline

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