Document:

<PAGE>
                                                                     EXHIBIT 4.4

                              DECLARATION OF TRUST

     DECLARATION OF TRUST, dated as of May 23, 2002, among Carlisle Companies
Incorporated, a Delaware corporation, as Sponsor (the "Sponsor"), The Bank of
New York (Delaware), a Delaware banking corporation, not in its individual
capacity but solely as Delaware Trustee (the "Delaware Trustee"), and Steven J.
Ford, as Regular Trustee (collectively with the Delaware Trustee, the
"Trustees"). The Sponsor and the Trustees hereby agree as follows:

     1. The trust created hereby (the "Trust") shall be known as "Carlisle
Capital Trust One", in which name the Trustees, or the Sponsor to the extent
provided herein, may conduct the business of the Trust, make and execute
contracts, and sue and be sued.

     2. The Sponsor hereby assigns, transfers, conveys and sets over to the
Trust the sum of $10. The Trustees hereby acknowledge receipt of such amount
from the Sponsor, which amount shall constitute the initial trust estate. The
Trustees hereby declare that they will hold the trust estate for the Sponsor. It
is the intention of the parties hereto that the Trust created hereby constitute
a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 DEL. C.
ss.ss. 3801 ET SEQ. (the "Business Trust Act"), and that this document
constitute the governing instrument of the Trust. The Trustees are hereby
authorized and directed to execute and file a certificate of trust in the office
of the Secretary of State of the State of Delaware in the form attached hereto.
The Trust is hereby established by the Sponsor and the Trustees for the purposes
of (i) issuing preferred securities ("Preferred Securities") representing
undivided beneficial interests in the assets of the Trust in exchange for cash,
(ii) issuing and selling common securities (collectively with the Preferred
Securities, the "Trust Securities") representing undivided beneficial interests
in the assets of the Trust to the Sponsor in exchange for cash, (iii) owning
subordinated debt securities of the Sponsor, and (iv) engaging in any other
lawful business or activity that may be engaged in by a business trust formed
under the Business Trust Act.

     3. Concurrent with the first issuance of any Trust Securities by the Trust,
the Sponsor, the Trustees and certain other parties intend to enter into an
amended and restated Declaration of Trust, satisfactory to each such party and
substantially in the form to be included as an exhibit to the 1933 Act
Registration Statement referred to below at the time such registration statement
becomes effective under the Securities Act of 1933, as amended (the "Securities
Act"), to provide for the contemplated operation of the Trust created hereby and
the issuance of the Trust Securities referred to therein. Prior to the execution
and delivery of such amended and restated Declaration of Trust, the Trustees
shall not have any duty or obligation hereunder or with respect to the trust
estate, except as otherwise required by applicable law or as may be necessary to
obtain, prior to such execution and delivery, any licenses, consents or
approvals required by applicable law or otherwise.

                                      -1-
<PAGE>

     4. The Sponsor and the Trustees hereby authorize and direct the Sponsor, as
the sponsor of the Trust, as applicable, (i) to prepare and file with the
Securities and Exchange Commission (the "Commission") and execute, in each case
on behalf of the Trust, (a) a Registration Statement on Forms S-3 (the "1933 Act
Registration Statement"), including any pre-effective or post-effective
amendments to such Registration Statement, relating to the registration of the
Preferred Securities under the Securities Act and (b), as applicable, a
Registration Statement on Form 8-A (the "1934 Act Registration Statement")
(including any pre-effective or post-effective amendments thereto) relating to
the registration of the Preferred Securities under Section 12(b) or (g) of the
Securities Exchange Act of 1934, as amended; (ii) to prepare and file with the
New York Stock Exchange and/or any other exchange and execute, in each case on
behalf of the Trust, a listing application and all other applications,
statements, certificates, agreements and other instruments as shall be necessary
or desirable to cause the Preferred Securities to be listed on the New York
Stock Exchange and/or any other exchange; (iii) to prepare and file and execute,
in each case on behalf of the Trust, such applications, reports, surety bonds,
irrevocable consents, appointments of attorney for service of process and other
papers and documents as shall be necessary or desirable to register the
Preferred Securities under the securities or "blue sky" laws of such
jurisdictions as the Sponsor, on behalf of the Trust, may deem necessary or
desirable; (iv) to negotiate the terms of, and execute on behalf of the Trust,
any underwriting agreements, purchase agreements or other agreements relating to
the issuance of the Preferred Securities in exchange for cash; and (v) to
negotiate the terms of, and execute on behalf of the Trust, such agreements,
documents and certificates, and to do such other acts and things as the Sponsor
may deem to be necessary or advisable in order to carry out the purpose and
intent of the Trust. It is hereby acknowledged and agreed that in connection
with any execution, filing or document referred to in clauses (i) - (iii) above,
(A) the Regular Trustee (or his or her attorneys in fact and agents or the
Sponsor as permitted herein) is authorized on behalf of the Trust to file and
execute such document on behalf of the Trust and (B) the Delaware Trustee shall
not be required to join in any such filing or execute on behalf of the Trust any
such document unless required by the rules and regulations of the Commission or
the New York Stock Exchange or any other exchange or state securities or blue
sky laws, and in such case only to the extent so required. In connection with
all of the foregoing, the Sponsor and the Regular Trustee, solely in his or her
capacity as a trustee of the Trust, hereby constitute and appoint Kirk F.
Vincent and Carol P. Lowe and each of them, his, her or its, as the case may be,
true and lawful attorneys-in-fact, and agents, with full power of substitution
and resubstitution, for the Sponsor and the Regular Trustee and in the Sponsor's
and the Regular Trustee's name, place and stead, in any and all capacities, to
sign and file (i) the 1933 Act Registration Statement and, as applicable, the
1934 Act Registration Statement and any and all amendments (including
post-effective amendments) or supplements thereto, with all exhibits thereto,
and other documents in connection therewith, and (ii), as applicable, a
registration statement and any and all amendments thereto filed pursuant to Rule
462(b) under the Securities Act with the Commission, granting unto said
attorneys-in-fact and agents full power and authority to do and perform each and
every act and thing and authority to do and perform each and every act and thing
requisite and necessary to be done in connection therewith, as fully to all
intents and purposes as the Sponsor or the Regular Trustee might or could do in
person, hereby ratifying and confirming all that said attorneys-in-fact and
agents or any of them, or their or his or her substitute or substitutes, shall
do or cause to be done by virtue hereof.

                                      -2-
<PAGE>

     5. This Declaration of Trust may be executed in one or more counterparts.

     6. The number of Trustees initially shall be two (2) and thereafter the
number of Trustees shall be such number as shall be fixed from time to time by a
written instrument signed by the Sponsor which may increase or decrease the
number of Trustees; provided, however, that the number of Trustees shall in no
event be less than two (2); and provided, further, however, that to the extent
required by the Business Trust Act, one Trustee shall either be a natural person
who is a resident of the State of Delaware or, if not a natural person, an
entity that has its principal place of business in the State of Delaware and
meets any other requirements imposed by applicable law. Subject to the
foregoing, the Sponsor is entitled to appoint or remove without cause any
Trustee at any time. The Regular Trustee may resign upon thirty days prior
notice to the Sponsor. The Delaware Trustee may resign immediately upon notice
to the Sponsor if the Trustee is required to join in any filing or execute on
behalf of the Trust any document pursuant to the provisions of paragraph 4
hereof and, upon giving such notice, the Delaware Trustee shall not be required
to join in any such filing or execute on behalf of the Trust any such document;
provided, further, however, that no resignation of the Delaware Trustee shall be
effective until a successor Delaware Trustee has been appointed and has accepted
such appointment by instrument executed by such successor Delaware Trustee and
delivered to the Trust, the Sponsor, the Regular Trustee and the resigning
Delaware Trustee.

     7. To the fullest extent permitted by applicable law, the Sponsor agrees to
indemnify (i) the Trustees, (ii) any affiliate of the Trustees, and (iii) any
officers, directors, shareholders, members, partners, employees,
representatives, nominees, custodians or agents of the Trustees (each of the
persons or entities in (i) through (iii) being referred to as an "Indemnified
Person") for, and to hold each Indemnified Person harmless against, any loss,
liability or expense incurred without negligence or bad faith on its part,
arising out of or in connection with the acceptance or administration of the
trust or trusts hereunder, including the costs and expenses (including
reasonable legal fees and expenses) of defending itself against, or
investigating, any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder. The obligation to
indemnify as set forth in this paragraph 7 shall survive the termination of this
Declaration of Trust.

     8. The Trust may terminate without issuing any Preferred Securities at the
election of the Sponsor.

     9. This Declaration of Trust shall be governed by the laws of the State of
Delaware, without regard to conflict of laws principles.

                                      -3-
<PAGE>

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

                                  CARLISLE COMPANIES INCORPORATED,
                                  as Sponsor

                                  By:  /s/ STEVEN J. FORD
                                      --------------------------------
                                      Name:   Steven J. Ford
                                      Title:

                                  THE BANK OF NEW YORK (DELAWARE),
                                  as Delaware Trustee

                                  By:  /s/ MICHAEL SANTINO
                                      --------------------------------
                                      Name:  Michael Santino
                                      Title: SVP

                                  /s/ Steven J. Ford
                                  ---------------------------------------
                                  Name: Steven J. Ford
                                  Regular Trustee

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EXHIBIT 10.40    
  

EXECUTION COPY

 
 

MANAGEMENT AGREEMENT
  
    Dated as of May 13, 2002
  
    By and Between
  
    APCOA/Standard Parking, Inc.
  
    and
  
    AP Holdings, Inc.    

 
 
 

MANAGEMENT AGREEMENT    
  

        MANAGEMENT AGREEMENT ("this Agreement") dated as of May 13, 2002 by and between APCOA/Standard
Parking, Inc., a Delaware corporation (the "Company") and AP Holdings, Inc., a Delaware corporation (the
"Manager"). 

W I T N E S S E T H:

        WHEREAS,
the Company desires to have the Manager provide certain management services; and 

        WHEREAS,
the Manager desires to provide such services. 

        NOW,
THEREFORE, IT IS AGREED: 

 
 

ARTICLE I
  
    MANAGEMENT    

        Section 1.1    Appointment.    The Company hereby appoints the Manager as its manager on the terms and
conditions hereinafter set forth and the Manager hereby accepts such appointment. 

        Section 1.2    Scope of Service.    The Manager shall to the extent reasonable and necessary: 

	(i)
	provide
such number of non-executive members of the Board of Directors of the Company, including the Chairman, if so requested, as is required to ensure efficient
management and control of the Company, such Directors undertaking such functions as are customary for non-executive Director;

	(ii)
	take
steps and planning measures to ensure at all times employment of an efficient and professional management team;

	(iii)
	assist
in determining the strategic direction of the Company;

	(iv)
	to
the extent it considers necessary or desirable in the interest of the Company retain professional advisors and consultants, including, without limitation, auditors, legal advisors
and attorneys, financial advisors, etc., to perform such expert services as are not included by the preceding and as are not reasonably incidental thereto;

	(v)
	assist
in determining the Company's capital structure, maintaining normal relationships with financing sources, and arranging necessary financing, including negotiation of financing
documentation;

	(vi)
	search
for, evaluate and present new investment opportunities; and

	(vii)
	establish
and maintain contacts with existing and potential equity investors and other sources of capital. 

        Section 1.3    Payment.    In consideration of the foregoing services, commencing as of January 1, 2002,
the Manager shall be entitled to receive an annual management fee, payable in cash quarterly, not later than 10 days after the end of each quarter, in an aggregate annual amount not to exceed
US$3,000,000; provided, however, 

	(i)
	neither
the Manager nor any of its employees shall be entitled to any further fees or emoluments by reason of Board participation or otherwise in connection with rendering such
management services, and to the extent the Company shall make any such payment, the gross aggregate amount thereof shall be deducted from the aforementioned fee, including, without limitation,
payments made (if any) to any of the Manager's officers or employees who are employed directly by the Company; 

1

 

	(ii)
	the
Manager shall be entitled to reimbursement from the Company for travel expenses reasonably incurred in performing its services hereunder, equitably shared if attributable in part
to such services and in part to other activities, provided that the Manager shall seek to invoice the party to which such expenses are attributable; and

	(iii)
	to
the extent the Manager has paid for any services as referred to in paragraph (iv) of the preceding Section 1.2, the Manager shall be entitled to prompt
reimbursement, but shall seek to apportion such expenses to the party to which they are attributable; 

and  further provided, that the terms and conditions of this Agreement and the Company's obligations to make any payments to Manager under this Agreement
are expressly conditioned upon the Company's compliance with the terms of the covenants contained in, (a) the Company's new $40 million senior credit facility with LaSalle Bank National
Association and various financial institutions dated as of January 11, 2002, (b) the separate indentures governing (i) the Company's 14% Senior Subordinated Second Lien Notes, and
(ii) the Company's 91/4% Senior Subordinated Notes, including, but not limited to any restrictions on transactions with affiliates contained therein. 

        Section 1.4    Advisory Services.    While the preceding services do not include consulting and financial
advisory services ("Advisory Services"), the Company may from time to time retain the Manager to perform Advisory Services in connection with all debt
and equity transactions, acquisitions and disposals, including mergers and demergers, and similar transactions; provided that: 

	(i)
	if
the Board of the Directors of the Company determines that the Manager be lacking in expertise or capacity so as to provide a professionally satisfactory service, it shall to such
extent be entitled not to appoint the Manager to perform such services;

	(ii)
	the
Manager shall be entitled to decline such appointment, but only prior to commencement of such services; and

	(iii)
	other
than as reimbursement from time to time agreed for out-of-pocket expenses, the Manager shall only be remunerated for its services if the transaction to
which they relate is consummated, and then on such basis as is customary and reasonable for the type of transaction in question in the relevant market, as determined by the Board of Directors of the
Company. 

 
 

ARTICLE II
  
    CAPACITY; EXCLUSIVITY    

        Section 2.1    Capacity; No Liability.    In performing its services hereunder, the Manager shall to a
reasonable extent ensure that it shall at all times have adequate expertise and capacity to perform such services in a professionally satisfactory manner, provided
that: 

	(i)
	if
the Manager shall at any time have inadequate expertise and/or capacity, the Manager shall be entitled to attribute priority and allocate available expertise and capacity in such
manner as it considers
fair and reasonable, as if all functions to performed for the Company, the Manager's own activities and other clients of the Manager were to be performed for the same principal; and

	(ii)
	absent
gross negligence and willful misconduct, the Manager shall have no liability of whatsoever nature to the Company in connection with rendering services hereunder or otherwise
in connection herewith, and the Company shall on a continuing basis, as and when required by the Manager, to the fullest extent save and render the Manager harmless against all liability and cost
which any third party may seek to impose on the Manager by reason of its functions hereunder for the Company, subject to the Manager from time to time rendering a 

2

 

full
account as to such liability and cost, such that the Company shall ultimately only bear such net liability and cost, without deduction for any counterclaim that the Manager may successfully make
on its own behalf. 

        Section 2.2    Exclusively.    The Manager shall for the duration hereof refrain from conducting activities on
its own behalf or on behalf of others, which are similar to those of the Company unless the Manager shall reasonably consider that no conflicting interest would arise by reason of such conduct. 

 
 

ARTICLE III
  
    TERMINATION    

        Section 3.1    Termination.    This Agreement shall terminate on December 31, 2012;  provided, however, that this Agreement shall be
automatically renewed for one additional five-year term terminating on December 31,
2017 unless either party hereto gives the other party written notice no later than June 30, 2012 of its intention to terminate this Agreement. Notwithstanding anything in the foregoing to the
contrary, this Agreement may be terminated: 

	(i)
	by
the Company, if the Manager shall fail to perform its obligations hereunder in such manner as shall constitute willful misconduct or gross negligence;

	(ii)
	by
the Company, if the Manager shall be rendered incapable of performing its functions hereunder and the Company shall reasonably anticipate that such total incapacity will endure
for a period of at least three months;

	(iii)
	by
either party, if the other party shall be adjudicated as insolvent by a competent court of first instance, or shall admit its general inability to discharge its obligations as
and when they fall due to be discharged, or shall generally cease so to discharge its obligations, or shall otherwise become insolvent; or

	(iv)
	by
either party upon giving the other party six (6) months' written notice; 

        but
not for any other reason. 

 
 

ARTICLE IV
  
    MISCELLANEOUS    

        Section 4.1    Notices.    All notices, consents, requests, instructions, approvals and other communications
provided for herein and all legal process in regard hereto shall be validly given, made or served, if in writing and delivered by personal delivery, overnight courier, telecopier or registered or
certified mail, return-receipt requested and postage prepaid addressed as follows: 

        If
to the Company, to: 

APCOA/Standard
Parking, Inc.

900 North Michigan Avenue

Suite 1600

Chicago, Illinois 60611 

Attention:
Chief Financial Officer

Fax: (312) 640-6160 

3

 

        If
to the Manager, to: 

AP
Holdings, Inc.

545 Steamboat Road

Greenwich, Connecticut 06830 

Attention:
President and Chief Executive Officer

Fax: (203) 661-5756 

or
to such other address as any such party hereto may, from time to time, designate in writing to the other party hereto, and any such communication shall be deemed to be given, made or served as of
the date so delivered or, in the case of any communication delivered by mail, as of the date so received. 

        Section 4.2    Governing Law.    The interpretation and construction of this Agreement, and all matters
relating hereto, shall be governed by the laws of the State of Illinois applicable to agreements executed and to be performed solely within such State. 

        Section 4.3    Counterparts.    This Agreement may be executed in two or more counterparts, all of which taken
together shall constitute one instrument. 

        Section 4.4    Amendments.    This Agreement may be changed or terminated and any provision of this Agreement
can be waived, amended, supplemented or modified only by written agreement of the Company and the Manager. 

        Section 4.5    Entire Agreement.    This Agreement contains the entire agreement between the parties hereto
with respect to the subject matter hereof and supersedes all prior arrangements or understandings (whether written or oral) with respect thereto. 

        Section 4.6    Captions.    The Article and Section captions used herein are for reference purposes only and
shall not in any way affect the meaning or interpretation of this Agreement. 

[Signature
page follows] 

4

 

        IN
WITNESS WHEREOF, each of the parties hereto has caused its name to be hereunto subscribed by is representative thereunto duly authorized all as of the day and year first above
written. 

	 	 	APCOA/STANDARD PARKING, INC.
	

 	
 	

By:	
 	

/s/  G. MARC BAUMANN      
 G. Marc Baumann
 Executive Vice President,

Chief Financial Officer
	

 	
 	

AP HOLDINGS, INC.
	

 	
 	

By:	
 	

/s/  JOHN V. HOLTEN      
 John V. Holten
 President & Chief Executive Officer

5

QuickLinks

EXHIBIT 10.40

MANAGEMENT AGREEMENT Dated as of May 13, 2002 By and Between APCOA/Standard Parking, Inc. and AP Holdings, Inc.

MANAGEMENT AGREEMENT

ARTICLE I MANAGEMENT

ARTICLE II CAPACITY; EXCLUSIVITY

ARTICLE III TERMINATION

ARTICLE IV MISCELLANEOUS

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