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                                                                    EXHIBIT 10.2

                   SECOND MASTER AMENDMENT TO LEASE AGREEMENTS

         THIS SECOND MASTER AMENDMENT TO LEASE AGREEMENTS ("Amendment") is made
and entered into as of the 9th day of June, 2000, by and between PRISON REALTY
TRUST, INC. (formerly Prison Realty Corporation), a Maryland corporation
("Landlord") and CORRECTIONS CORPORATION OF AMERICA (formerly Correctional
Management Services Corporation), a Tennessee corporation ("Tenant").

                                   WITNESSETH:

         WHEREAS, Landlord and Tenant have entered into those certain Lease
Agreements dated January 1, 1999, and thereafter, along with all amendments
thereto, as set forth on Schedule A (each such lease agreement referred to
individually as a "Lease," and collectively as the "Leases"), whereby Landlord
agreed to lease to Tenant and Tenant agreed to lease from Landlord certain
properties (the property that is the subject of an individual Lease being
referred to as "Leased Property," and the properties that are the subject of the
Leases collectively being referred to as "Leased Properties"), as more
particularly set forth therein;

         WHEREAS, Landlord and Tenant have entered into a Master Agreement to
Lease dated January 1, 1999, along with all amendments thereto (the "Master
Agreement"), which sets forth certain agreements of the parties with respect to
the lease of the Leased Properties;

         WHEREAS, Landlord and Tenant now desire to amend the Leases as more
particularly set forth herein; and

         WHEREAS, Landlord and Tenant have agreed that the payment of all Base
Rent and Additional Rent for December, 1999 shall be deferred.

         NOW, THEREFORE, in consideration of the premises and of their
respective agreements and undertakings herein, Landlord and Tenant agree as
follows:

         1.       Effective January 1, 2000, and subject to the terms and
provisions and the satisfaction of the conditions set forth hereinafter, Section
2.1 of each Lease is deleted in its entirety and the following Section 2.1 shall
be inserted in lieu thereof.

                  2.1      Base Rent. Tenant shall pay Landlord Base Rent for
the Term in arrears in installments payable on each June 30 and December 31
during the Term, the Extended Term the Second Extended Term and the Third
Extended Term, in accordance with the Base Rent Schedule attached hereto as
Exhibit B, provided, for calendar year 2000, the Base Rent installment due June
30, 2000 shall be deferred to September 30, 2000. Additionally, for the period
beginning January 1, 2000 through September 30, 2000, Tenant shall pay to
Landlord installments of Base Rent as follows:

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<TABLE>
<CAPTION>
          Payment Amount                  Due Date of Payment
          --------------                  -------------------
          <S>                        <C>
           $12,945,205                     February 14, 2000

           $11,946,692                       April 7, 2000

            $4,000,000               Within five (5) business days
                                            of May 5, 2000

            $2,000,000               Within five (5) business days
                                          of June 16, 2000

           $12,000,000               Within five (5) business days
                                          of July 5, 2000

            $8,000,000               Within five (5) business days
                                          of August 5, 2000

            $5,000,000               Within five (5) business days
                                          of September 5, 2000
</TABLE>

         The foregoing installments shall be applied first to pay all Base Rent
         for December, 1999 and thereafter, to pay a portion of the Base Rent
         due for the period from January 1, 2000 through September 30, 2000. On
         September 30, 2000 all unpaid Base Rent and Additional Rent due for the
         period from January 1, 2000 through September 30, 2000 shall be due and
         payable.

                  Reference is made to the following agreements by and between
         Landlord and Tenant: Amendment Number One to Business Development
         Agreement dated as of June 9, 2000, Amendment Number One to Amended and
         Restated Services Agreement dated as of June 9, 2000, and Amendment
         Number One to Amended and Restated Tenant Incentive Agreement dated as
         of June 9, 2000 (collectively, the "Agreements"). Pursuant to the
         Agreements, the payment of certain fees due from Landlord to Tenant has
         been deferred (the "Deferred Fees"), as more specifically set forth
         therein. Notwithstanding the other provisions hereof, in the event that
         Landlord pays to Tenant and Tenant accepts any portion of the Deferred
         Fees prior to the date due under the Agreements, (the "Advance Fee
         Payments"), then, in such event, Tenant shall pay to Landlord all Base
         Rent accruing after January 1, 2000 and unpaid, through the date of
         such Advance Fee Payments, in the same proportion as the Advance Fee
         Payments bear to the Deferred Fees.

         2.       In addition to payments of Base Rent as set forth above,
Tenant hereby agrees to pay Landlord interest on all sums of Base Rent which
would have been payable to Landlord pursuant to the terms of the Leases had the
Leases not been amended pursuant to this Amendment, from the date each such
payment of Base Rent would have been payable, to the date such Base Rent is
actually paid. Such interest shall accrue at a rate equal to the then current
non-default rate of interest

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applicable to Tenant's Loan and Security Agreement with Foothill Capital
Corporation, as Agent and Lender, as such agreement may be amended, modified or
refinanced from time to time. The foregoing interest rate shall adjust as and
when Tenant's interest rate adjusts pursuant to the aforesaid Loan and Security
Agreement.

         3.       In the event Tenant fails to pay in cash when due any
installment of Base Rent pursuant to revised Section 2.1 as set forth in
Paragraph 1 above, all Base Rent which would have been payable as of the date of
such failure to pay, had the Leases not been amended pursuant to this Amendment,
shall become immediately due and payable to Landlord.

         4.       It is an express condition of the Amendment that the
provisions hereof shall be effective only upon Landlord's receipt of such
resolutions and/or fairness opinions as may be required pursuant to that certain
First Supplemental Indenture between Landlord and State Street Bank and Trust
Company, as trustee, dated as of June 11, 1999. Landlord agrees to provide to
Tenant copies of all such resolutions and/or fairness opinions promptly
following receipt thereof by Landlord.

         5.       Except as modified or amended herein, all terms and provisions
of each Lease shall continue and remain in full force and effect.

                       [signatures on the following page]

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         IN WITNESS WHEREOF, the parties hereto have executed this Amendment as
of the date first set forth above:

                                    LANDLORD:

                                    PRISON REALTY TRUST, INC.

                                    By: /s/ Thomas W. Beasley
                                        --------------------------------------

                                    Its: Chairman of the Board of Directors
                                         -------------------------------------

                                    TENANT:

                                    CORRECTIONS CORPORATION OF AMERICA

                                    By: /s/ Darrell K. Massengale
                                        --------------------------------------

                                    Its: Chief Financial Officer and Secretary
                                         --------------------------------------

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                                   SCHEDULE A

1.      Lease Agreement (Transcor)
2.      Lease Agreement (Headquarters)
3.      Lease Agreement (Bent County)
4.      Lease Agreement (Bridgeport)
5.      Lease Agreement (California City)
6.      Lease Agreement (Central Arizona)
7.      Lease Agreement (Cibola County)
8.      Lease Agreement (Cimarron)
9.      Lease Agreement (Coffee)
10.     Lease Agreement (Crossroads)
11.     Lease Agreement (Davis)
12.     Lease Agreement (Diamondback)
13.     Lease Agreement (Eden)
14.     Lease Agreement (Eloy)
15.     Lease Agreement (Houston)
16.     Lease Agreement (Huerfano)
17.     Lease Agreement (Kit Carson)
18.     Lease Agreement (Laredo)
19.     Lease Agreement (Leavenworth)
20.     Lease Agreement (Lee)
21.     Lease Agreement (Marion)
22.     Lease Agreement (Mineral Wells)
23.     Lease Agreement (NM Women's)
24.     Lease Agreement (North Fork)
25.     Lease Agreement (Northeast Ohio)
26.     Lease Agreement (Otter Creek)
27.     Lease Agreement (Prairie)
28.     Lease Agreement (River City)
29.     Lease Agreement (Shelby)
30.     Lease Agreement (T. Don Hutto)
31.     Lease Agreement (Torrance County)
32.     Lease Agreement (Webb County)
33.     Lease Agreement (West Tennessee)
34.     Lease Agreement (Wheeler)
35.     Lease Agreement (Whiteville)
36.     Lease Agreement (Florence)
37.     Lease Agreement (East Mesa)

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                                                                    EXHIBIT 10.3

                              AMENDMENT NUMBER ONE
                                       TO
                 AMENDED AND RESTATED TENANT INCENTIVE AGREEMENT

         This AMENDMENT NUMBER ONE TO AMENDED AND RESTATED TENANT INCENTIVE
AGREEMENT (the "Amendment") is entered into on this 9th day of June, 2000, by
and between PRISON REALTY TRUST, INC. (formerly, Prison Realty Corporation), a
Maryland corporation (the "Company"), and CORRECTIONS CORPORATION OF AMERICA
(formerly Correctional Management Services Corporation), a Tennessee corporation
("CCA"). For purposes of this Amendment, any reference in this Amendment or any
reference in the Tenant Incentive Agreement (as defined) to "CMSC" shall be
deemed to be a reference to CCA.

                                   WITNESSETH:

         WHEREAS, the Company and CCA are parties to that certain Amended and
Restated Tenant Incentive Agreement, dated as of May 4, 1999 (the "Tenant
Incentive Agreement"), pursuant to which the Company agreed to make certain
incentive payments to CCA;

         WHEREAS, the purpose of the Tenant Incentive Agreement was to induce
CCA to lease from the Company certain operational correctional and detention
facilities (the "Facilities") and certain start-up and additional facilities
(the "Additional Facilities"); and

         WHEREAS, the Company and CCA desire to amend certain terms and
provisions of the Services Agreement.

         NOW, THEREFORE, for and in consideration of the foregoing and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

         1.       Effective January 1, 2000, and subject to the terms and
provisions and the satisfaction of the conditions set forth hereinafter, the
Tenant Incentive Agreement shall be amended by striking out Section 1 of the
Tenant Incentive Agreement, reading as follows:

                  1.       Tenant Incentive. As an incentive to CMSC to lease
         and continue to lease the Facilities and Additional Facilities from the
         Company, the Company agrees to pay to CMSC a fee equal to (a) $840
         multiplied by the total number of beds at each Facility leased by CMSC,
         and (b) $4,000 multiplied by the total number of beds at each
         Additional Facility leased by CMSC. The amount of such fees shall be
         payable in cash upon execution of the applicable lease agreement or at
         such other time as agreed upon by the parties. The amount of the
         incentive fee referenced in clause (b) of the first sentence hereof is
         intended to approximate the cost of preparing each Additional Facility
         for use by CMSC, including without limitation costs incurred by CMSC in
         ramping the facility to full occupancy.

and substituting therefor the following:

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                  1.       Tenant Incentive. As an incentive to CMSC to lease
         and continue to lease the Facilities and Additional Facilities from the
         Company, the Company agrees to pay to CMSC a fee equal to (a) $840
         multiplied by the total number of beds at each Facility leased by CMSC,
         and (b) $4,000 multiplied by the total number of beds at each
         Additional Facility leased by CMSC. The amount of such fees shall be
         payable in cash upon execution of the applicable lease agreement or at
         such other time as agreed upon by the parties. The amount of the
         incentive fee referenced in clause (b) of the first sentence hereof is
         intended to approximate the cost of preparing each Additional Facility
         for use by CMSC, including without limitation costs incurred by CMSC in
         ramping the facility to full occupancy.

                  Notwithstanding the preceding paragraph, the Company shall
         make no payment, whether in cash or other consideration, to CMSC in
         satisfaction of its obligations under this Agreement prior to the
         termination of this Agreement at the time of the consummation of the
         Management OPCO Merger ( the "Payment Date"), provided, that, with
         respect to any such payments that would otherwise be due to CMSC in
         respect of this Agreement on or prior to the Payment Date, interest
         shall accrue on all such amounts from the due date to the date of
         payment at a rate per annum equal to the applicable non-default rate of
         interest that the Company is required to pay from time to time pursuant
         to Section 2.1(d) of the Company's Amended and Restated Credit
         Agreement, dated as of August 4, 1999, as amended by Waiver and
         Amendment dated June 9, 2000 (the "Credit Agreement"), which interest
         shall be due and payable on the Payment Date. "Management OPCO Merger"
         shall have the meaning set forth in the Credit Agreement.

                  Reference is made to that certain Second Master Amendment to
         Lease Agreements dated June 9, 2000 by and between CMSC, as tenant, and
         the Company, as landlord, whereby CMSC's payment of Base Rent for the
         period from January 1, 2000 through September 30, 2000 (the "Deferred
         Rent") has been deferred until September 30, 2000, except for specific
         limited amounts payable from time to time as expressly set forth
         therein (the "Limited Rent Payments"). The difference between the
         Deferred Rent and the Limited Rent Payments is referred to herein as
         the "Net Deferred Rent." Notwithstanding the other provisions hereof,
         in the event CMSC pays to Company and Company accepts any portion of
         the Net Deferred Rent prior to September 30, 2000 (the "Advance Rent
         Payments"), then, in such event, the Company shall pay to CMSC all fees
         accruing hereunder, in the same proportion as the Advance Rent Payments
         bear to the Net Deferred Rent.

                  In addition, in the event the Deferred Rent becomes due and
         payable in full by reason of the occurrence of a default by the Tenant
         under Paragraph 3 of the Second Master Amendment to Lease Agreements,
         then all fees which would have been payable by the Company under the
         Tenant Incentive Agreement as of the date of the acceleration of such
         deferred Rent, had such fees not been deferred pursuant to this
         Amendment shall become immediately due and payable to CMSC.

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                  2.       Authorization. Each party to the Amendment hereby
         represents and warrants that the execution, delivery, and performance
         of the Amendment are within the powers of each party and have been duly
         authorized by the party, the execution and performance of this
         Amendment by each party have been duly authorized by all applicable
         laws and regulations, and this Amendment constitutes the valid and
         enforceable obligation of each party in accordance with its terms.

                  3.       Effect of Amendment. Except as modified or amended
         herein, all terms and provisions of the Tenant Incentive Agreement
         shall continue and remain in full force and effect.

                  4.       Counterparts. This Amendment may be executed in any
         number of counterparts, each of which shall be an original, and all of
         which shall together constitute one agreement.

                  5.       Headings. Section headings are for convenience or
         reference only and shall not be used to construe the meaning of any
         provision in this Amendment.

                  6.       Governing Law. This Amendment shall be construed in
         accordance with the laws of the State of Tennessee.

                  7.       Severability. Should any part of this Amendment be
         invalid or unenforceable, such invalidity or unenforceability shall not
         affect the validity and enforceability of the remaining portion.

                  8.       Successors. This Amendment shall be binding upon and
         inure to the benefit of the respective parties and their permitted
         assigns and successors in interest.

                  9.       Waivers. No waiver of any breach of any of the terms
         or conditions of this Amendment shall be held to be a waiver of any
         other or subsequent breach; nor shall any waiver be valid or binding
         unless the same shall be in writing and signed by the party alleged to
         have granted the waiver.

                  10.      Entire Agreement. This Amendment constitutes the
         entire agreement of the parties hereto and supersedes all prior
         agreements and presentations with respect to the subject matter hereof.

                  11.      Condition. It is an express condition of this
         Amendment that the provisions hereof shall be effective only upon the
         Company's receipt of such resolutions and/or fairness opinions as may
         be required pursuant to that certain First Supplemental Indenture
         between the Company and State Street Bank and Trust Company, as
         trustee, dated as of June 11, 1999. The Company agrees to provide to
         CMSC copies of all such resolutions and/or fairness opinions promptly
         following receipt thereof by the Company.

                  [remainder of page left intentionally blank]

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                  IN WITNESS WHEREOF, the parties have executed this Amendment
         as of the date first above written.

                                     PRISON REALTY TRUST, INC.,
                                     a Maryland corporation

                                     By: /s/ Thomas W. Beasley
                                        ---------------------------------------
                                     Its: Chairman of the Board of Directors
                                         --------------------------------------

                                     CORRECTIONS CORPORATION OF
                                     AMERICA,
                                     a Tennessee corporation

                                     By: /s/ Darrell K. Massengale
                                        ---------------------------------------
                                     Its: Chief Financial Officer and Secretary
                                         --------------------------------------

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