Document:

EX-10.2

 Exhibit 10.2 

EXECUTION COPY 

PLEDGE AND SECURITY AGREEMENT 

Dated as of January 15, 2020 

from 
 LMRK
GUARANTOR CO. LLC 
 LMRK ISSUER CO. LLC 

2019-1 CO-GUARANTOR LLC

 as PLEDGORS 

to 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as TRUSTEE 

 TABLE OF CONTENTS 

 

							
	SECTION	 	 	  	Page	 
			
	 SECTION 1.
	 	 Security for Secured Obligations
	  	 	2	 
			
	 SECTION 2.
	 	 Pledge of Property, Etc.
	  	 	2	 
			
	 SECTION 3.
	 	 Administration of Pledged Securities
	  	 	4	 
			
	 SECTION 4.
	 	 Appointment of Sub-Agents; Endorsements, Etc.
	  	 	5	 
			
	 SECTION 5.
	 	 Voting, Etc., While No Event of Default
	  	 	5	 
			
	 SECTION 6.
	 	 Dividends and Other Distributions
	  	 	6	 
			
	 SECTION 7.
	 	 Remedies in Case of Default or Event of Default
	  	 	6	 
			
	 SECTION 8.
	 	 Remedies Cumulative, Etc.
	  	 	7	 
			
	 SECTION 9.
	 	 Application of Proceeds
	  	 	8	 
			
	 SECTION 10.
	 	 Purchasers of Pledged Collateral
	  	 	8	 
			
	 SECTION 11.
	 	 Indemnity
	  	 	8	 
			
	 SECTION 12.
	 	 Trustee Not a Partner
	  	 	8	 
			
	 SECTION 13.
	 	 Further Assurances;
Power-of-Attorney
	  	 	9	 
			
	 SECTION 14.
	 	 Transfer by a Pledgor
	  	 	9	 
			
	 SECTION 15.
	 	 Representations, Warranties and Covenants of Each Pledgor
	  	 	9	 
			
	 SECTION 16.
	 	 Chief Executive Office
	  	 	11	 
			
	 SECTION 17.
	 	 Pledgor’s Obligations Absolute, Etc.
	  	 	12	 
			
	 SECTION 18.
	 	 Termination; Release
	  	 	12	 
			
	 SECTION 19.
	 	 Notices, Etc.
	  	 	13	 
			
	 SECTION 20.
	 	 Separateness
	  	 	13	 
			
	 SECTION 21.
	 	 Waiver; Amendment
	  	 	15	 
			
	 SECTION 22.
	 	 Miscellaneous
	  	 	15	 
			
	 SECTION 23.
	 	 JURISDICTION AND PROCESS; WAIVER OF JURY TRIAL
	  	 	15	 

							
			
	 SECTION 24.
	 	 Rights of the Trustee
	  	 	16	 
		
	ATTACHMENTS TO PLEDGE AGREEMENT	  			
			
	SCHEDULE A	 	Notices and Addresses of Chief Executive Offices	  			
	SCHEDULE B	 	List of Pledged Securities	  			
	SCHEDULE C	 	Form of Consent and Agreement Regarding Pledge of Ownership Interests	  			
	SCHEDULE D	 	Transfer Document and Proxy	  			

 PLEDGE AND SECURITY AGREEMENT

 THIS PLEDGE AND SECURITY AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, this
“Pledge Agreement”) dated as of January 15, 2020 from LMRK GUARANTOR CO. LLC, a Delaware limited liability company (together with its permitted successors and assigns, the “Issuer Holdco”), LMRK ISSUER CO. LLC,
a Delaware limited liability company (together with its permitted successors and assigns, the “Issuer”), and 2019-1
CO-GUARANTOR LLC, a Delaware limited liability company (together with its permitted successors and assigns, the “Co-Issuer
Holdco”; and, together with the Issuer Holdco and the Issuer, each referred to herein individually as a “Pledgor” and, collectively, as the “Pledgors”), to WILMINGTON TRUST, NATIONAL ASSOCIATION, a national
banking association, in its capacity as trustee for the Secured Parties from time to time (together with its successors and assigns and any co-agents in such capacity, the “Trustee”).
Capitalized terms used herein have the meanings specified in the Collateral Trust Indenture (as such term is hereinafter defined) unless otherwise defined herein. 

WITNESSETH: 

WHEREAS, pursuant to the terms of that certain Note Purchase and Participation Agreement dated as of even date herewith (as
amended, amended and restated, supplemented or otherwise modified from time to time, the “Note Agreement”), among the Issuer, 2019-1 TRS LLC, a Delaware limited liability company (together
with its permitted successors and assigns, the “Co-Issuer” and, together with the Issuer, the “Co-Issuers”), LD ACQUISITION COMPANY 8
LLC, a Delaware limited liability company (together with its permitted successors and assigns, “LD-8”), LD ACQUISITION COMPANY 9 LLC, a Delaware limited liability company (together with its
permitted successors and assigns, “LD-9”), LD ACQUISITION COMPANY 10 LLC, a Delaware limited liability company (together with its permitted successors and assigns, “LD-10”), LD TALL WALL II LLC, a Delaware limited liability company (together with its permitted successors and assigns, “TALL WALL II”; together with the
Co-Issuer, LD-8, LD-9, LD-10, and any other Obligor that from time to time owns a Project
Site, the “Project Companies” and each individually a “Project Company”) and the several Purchasers named in Schedule A thereto (together with their successors and assigns, the
“Initial Holders”), the Co-Issuers are, among other things, selling to the Initial Holders and the Initial Holders are purchasing from the Co-Issuers,
their 3.90% Series A Notes due January 2027 in the aggregate principal amount of $170,000,000 (the “Series A Notes”); 

WHEREAS, subject to the terms and limitations of the Note Agreement, the Obligors may incur certain Indebtedness in addition to
the Notes, which Indebtedness may be in the form of (i) loans and other extensions of credit made by, or notes or other indebtedness issued to, one or more lenders or other Persons (each such lender or other Person which executes a Joinder (as
defined in the Collateral Trust Indenture described below) is referred to herein as an “Other Secured Lender”, and collectively, all such Persons are referred to as the “Other Secured Lenders”, and, together with
the Initial Holders are referred to as the “Secured Parties” (provided that solely for the purpose of receiving payments or reimbursements of fees, costs, expenses, indemnities and any other amounts due and owing to it
from time to time, the Trustee shall be considered a Secured Party)) on a secured basis, or (ii) other loans and other extensions of credit made by, or notes or other Indebtedness issued to, one or more lenders or other Persons on an unsecured
basis; 

 WHEREAS, the Obligors, the Trustee and the Secured Parties, have entered into
that certain Collateral Trust Indenture and Security Agreement dated as of January 15, 2020 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Collateral Trust Indenture”) whereby the
Obligors granted to the Trustee certain collateral for the benefit of the Secured Parties; 
 WHEREAS, the Issuer is a
Wholly-Owned Subsidiary of the Issuer Holdco; 
 WHEREAS, LD-8, LD-9, LD-10, and TALL WALL II are Wholly-Owned Subsidiaries of the Issuer; 

WHEREAS, the Co-Issuer is a Wholly-Owned Subsidiary of the Co-Issuer Holdco; 
 WHEREAS, it is a condition precedent to the agreement of the
Purchasers to purchase the Notes that the Issuer Holdco pledges 100% of its rights and interests in the equity interests in the Issuer, the Co-Issuer Holdco pledges 100% of its rights and interests in the
equity interests in the Co-Issuer and the Issuer pledges 100% of its rights and interests in the equity interests in each Project Company (other than the Co-Issuer), in
each case, to the Trustee for the benefit of the Secured Parties and that this Pledge Agreement shall have been executed and delivered by each such Pledgor and shall be in full force and effect. 

NOW, THEREFORE, in consideration of the foregoing and other benefits accruing to each Pledgor, the receipt and
sufficiency of which are hereby acknowledged, each Pledgor hereby agrees with the Trustee as follows: 
 SECTION 1. SECURITY
FOR SECURED OBLIGATIONS. 
 This Pledge Agreement is made by each Pledgor to secure all Secured
Obligations. 
 The parties hereto acknowledge and agree that the Secured Obligations shall include the payment of all reasonable and
documented fees, expenses and costs, including reasonable and documented attorneys’ fees, paid or incurred by the Trustee or any Secured Party in connection with the enforcement by the Trustee of the terms hereof and the protection of or
realization on the Pledged Collateral (as hereinafter defined). 
 SECTION 2. PLEDGE OF PROPERTY,
ETC. 
 FOR VALUE RECEIVED, and as collateral security for the Secured
Obligations, whether now existing or hereafter incurred, each Pledgor hereby pledges to the Trustee, its successors and assigns, for the benefit of the Trustee and the Secured Parties, and hereby grants a security interest to the Trustee, its
successors and assigns, for the benefit of the Trustee and the Secured Parties, in and to, all of such Pledgor’s rights, title and interests in any and all equity, ownership interest, preferred stock, warrants, options, voting rights and
agreements pertaining thereto at any time owned by such Pledgor (collectively, the “Ownership Interests”) in, or relating to the equity of, each Person identified on Schedule B hereto as a pledged company
opposite the name of such Pledgor (individually, a “Pledged Company” and, collectively, the “Pledged Companies”), and all of the following, in each case whether now existing or hereafter acquired (together with all
Ownership Interest of the Pledged Companies and any Pledged Securities, collectively, the “Pledged Collateral”): 

(A) such Pledgor’s interest in all the capital thereof and all profits, losses, assets of any Pledged Company and
dividends or other distributions to which such Pledgor shall at any time be entitled in respect of its Ownership Interest in any Pledged Company; 

  
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 (B) all other payments due or to become due to such Pledgor in respect of
its Ownership Interest in any Pledged Company, whether under any limited liability company operating agreement, partnership agreement or similar constituent document or otherwise, whether as contractual obligations, damages, insurance proceeds or
otherwise; 
 (C) all of such Pledgor’s claims, rights, powers, privileges, authority, options, security interests,
liens and remedies, if any, under any limited liability company operating agreement, partnership agreement, bylaws or similar constituent document, or at law or otherwise in respect of such Ownership Interest in any Pledged Company; 

(D) all present and future claims, if any, of such Pledgor against any Pledged Company for moneys loaned or advanced, for
services rendered or otherwise, in each case, to the extent constituting an equity contribution to any Pledged Company; 

(E) all of such Pledgor’s rights under any limited liability company operating agreement, partnership agreement or similar
constituent document or at law to exercise and enforce every right, power, remedy, authority, option and privilege of such Pledgor relating to such Ownership Interest in any Pledged Company, including any power to terminate, cancel or modify any
limited liability company operating agreement, partnership agreement, bylaws or similar constituent document, to execute any instruments and to take any and all other action on behalf of and in the name of such Pledgor in respect of such Ownership
Interest in any Pledged Company, to make determinations, to exercise any election (including, but not limited to, election of remedies) or option or to give or receive any notice, consent, amendment, waiver or approval, together with full power and
authority to demand, receive, enforce, collect or receipt for any of the foregoing, to enforce or execute any checks, or other instruments or orders, to file any claims and to take any action in connection with any of the foregoing; and 

(F) all other property hereafter delivered in substitution for or in addition to any of the foregoing, all certificates and
instruments representing or evidencing such other property and all cash, securities, interest, dividends, rights and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any
or all thereof. 
 Notwithstanding any term or provision in this Section 2 or elsewhere in this Pledge Agreement,
or any term or provision in any other Transaction Document, “Pledged Collateral” shall not include or be a reference to, and the pledges, security interests and other Liens granted or created under this
Section 2 shall not attach to or otherwise encumber or affect, any rights, titles or interests of any Pledgor in any Excluded Property (as defined in the Collateral Trust Indenture). 

  
 -3- 

 All Ownership Interests in any Pledged Company, together with all rights and interests
attributable thereto, including without limitation, moneys and claims for moneys due and to become due under all dividends, distributions, declarations, profits, accounts, contract rights, voting rights, general intangibles, proceeds and any and all
other interests and property rights relating to and/or due from such Pledged Company, including such interests and property rights as are further described in Schedule B hereto and represented by the securities therefor, if
any, as set forth therein and any additions thereto or substitutions therefor or proceeds of the foregoing are collectively referred to herein as the “Pledged Securities” of such Pledged Company; provided however, that
“Pledged Securities” shall not include any distribution, payment or release of cash, instruments, securities or other property by any Pledged Company to any Pledgor which distribution, payment or release does not violate the terms
of the Transaction Documents. On or before the date hereof, each Pledgor shall (i) with respect to any Pledged Security owned by such Pledgor that is an “uncertificated security” (as such term is used in the UCC of its State of
formation), deliver to the Trustee a duly executed consent and agreement with respect to such Pledged Security substantially in the form attached hereto as Schedule C (appropriately completed to the reasonable satisfaction
of the Trustee) and (ii) with respect to any Pledged Security owned by such Pledgor that is a “certificated security” (as such term is used in the UCC of its State of formation), deliver to the Trustee such Pledged Security, together
with a duly executed irrevocable proxy (the “Proxy”) and a duly executed transfer power for each original Pledged Security delivered, both in the respective forms attached hereto as Schedule D. Without the
prior written consent of the Trustee (acting at the direction of the Required Holders), no Pledgor will cause or permit the limited liability company interest or partnership interest of any Pledgor in any Pledged Company that is a limited liability
company or partnership to constitute a security governed by Article 8 of the UCC of its State of formation unless the applicable Pledgor, if it has not already done so, complies with this Section 2 and Section 3 with respect to such
security. 
 SECTION 3. ADMINISTRATION OF PLEDGED SECURITIES. 

(a) To the extent that any Pledgor at any time or from time to time owns, acquires or obtains any right, title or interest in any additional
Pledged Securities, such additional Pledged Securities shall, to the fullest extent permitted by applicable Law, automatically (and without the taking of any action by such Pledgor) be pledged, and a security interest shall be granted in such
additional Pledged Securities, by such Pledgor pursuant to Section 2 of this Pledge Agreement and, in addition thereto, such Pledgor shall (to the extent provided below) take the following actions as set forth below (as
promptly as practicable and, in any event, within ten (10) Business Days after it obtains such additional Pledged Securities) for the benefit of the Trustee and the Secured Parties: 

(i) to the extent any such additional Pledged Security is a “certificated security” (as such term is used in
the UCC of its State of formation), such Pledgor shall deliver such additional Pledged Security to the Trustee, together with a duly executed irrevocable Proxy and a duly executed transfer power for the original certificated additional Pledged
Security so delivered, both in the respective forms attached hereto as Schedule D; 
 (ii) to the
extent any of such additional Pledged Security is an “uncertificated security” (as such term is used in the UCC of its State of formation), such Pledgor shall cause each such Pledged Company to duly authorize and execute, and
deliver to the Trustee, an agreement for the benefit of the Trustee and the Secured Parties substantially in the form of Schedule C hereto (appropriately completed to the reasonable satisfaction of the Trustee) relating to
such Pledged Security; and 

  
 -4- 

 (iii) take any other action as may be required to perfect and to keep
perfected the Trustee’s security interest in such additional Pledged Securities and such Pledgor shall execute and file any such financing statements, continuation statements and other documents as may be required by the Trustee or otherwise to
perfect or keep perfected the Trustee’s security interest in the Pledged Securities of such Pledgor. 
 (b) In addition to the actions
required to be taken pursuant to Section 3(a) hereof, each Pledgor shall from time to time cause appropriate financing statements (on Form UCC-1 or other appropriate form) under the UCC as in effect in
the State of formation of such Pledgor, in form covering all Pledged Securities of such Pledgor hereunder, to be filed in the relevant filing offices so that at all times the Trustee has a security interest in all of the Pledged Securities of such
Pledgor which are perfected by the filing of such financing statements (in each case to the maximum extent perfection by filing may be obtained under the Laws of its State of formation, including, without limitation,
Section 9-312(a) of the UCC). Any such financing statements may use collateral descriptions such as “all personal property” or “all assets”, in each case “whether now owned or
hereafter acquired”, and words of similar import or any other description. 
 SECTION 4. APPOINTMENT OF
SUB-AGENTS; ENDORSEMENTS, ETC. 
 If and
to the extent required to enable the Trustee to perfect its security interest in any of the Pledged Securities or to exercise any of its remedies hereunder during the continuance of the Specified Conditions, the Trustee shall have the right to
appoint one or more sub-agents for the purpose of retaining physical possession of the Pledged Securities, which may be held (in the discretion of the Trustee) in the name of the Pledgor that owns such Pledged
Securities, endorsed or assigned in blank or in favor of the Trustee or any nominee or nominees of the Trustee or a sub-agent appointed by the Trustee, and the Trustee shall bear no liability for any
misconduct or negligence of such sub-agent. 
 SECTION 5. VOTING, ETC.,
WHILE NO EVENT OF DEFAULT. 
 Unless and until the Specified
Conditions shall have occurred and are continuing, each Pledgor shall have and be entitled to use and enjoy all revenues, income and other payments and amounts paid, due or to become due on, under or with respect to any of the Pledged Securities or
other Pledged Collateral owned by it (provided no Control Event has occured), to exercise any and all voting and all other rights, remedies, powers and interests of such Pledgor in, to, under, relating to and in connection with any of the Pledged
Securities or other Pledged Collateral owned by it, and to give and receive consents, waivers, ratifications and notices and take any other action and omit from taking any action and do any and all other things whatsoever in respect thereof;
provided that, in each case, no vote shall be cast or any consent, waiver or ratification given or any action taken or omitted to be taken which would violate any of the terms of the Transaction Documents, or which would impair the attachment
or priority of the security interests of the Trustee for the benefit of the Secured Parties in the Pledged Collateral. All rights of any Pledgor to vote and to give consents, waivers and ratifications shall cease immediately following such
Pledgor’s receipt of written notice therefor from the Trustee during the continuance of the Specified Conditions, and Section 7 hereof shall become applicable until the related Event of Default is duly waived or cured.

  
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 SECTION 6. DIVIDENDS AND OTHER DISTRIBUTIONS.

 All cash dividends, cash distributions, cash proceeds and other cash amounts payable in respect of the Pledged Securities or other Pledged
Collateral owned by a Pledgor may be paid to and retained and utilized by such Pledgor at any time and from time to time so long as such payment does not violate the Transaction Documents. 

All dividends, distributions or other payments which are received by any Pledgor contrary to the provisions of this
Section 6 and Section 7 hereof shall be received in trust for the benefit of the Trustee, shall be segregated from other property or funds of such Pledgor and shall be forthwith paid over to the
Trustee as Pledged Securities in the same form as so received (with any necessary endorsement). 
 SECTION 7. REMEDIES IN
CASE OF DEFAULT OR EVENT OF DEFAULT. 

If the Specified Conditions shall have occurred and are continuing, then and in every such case, the Trustee shall, pursuant to and in
accordance with the written directions of the Required Secured Parties, be entitled to exercise all of its rights, powers and remedies (whether vested in it by this Pledge Agreement, any other Transaction Document or by Law) for the protection and
enforcement of its rights in the Pledged Collateral, and all rights and remedies of a secured party under the UCC with respect to the Pledged Collateral as in effect in any relevant jurisdiction and also shall be entitled, without limitation, to the
fullest extent permitted by applicable Law, to exercise the following rights, which each Pledgor hereby agrees to be commercially reasonable (it being understood that the Trustee shall not exercise any rights, powers or remedies hereunder or by Law
unless and until directed in writing by the Required Secured Parties to do so as provided in the Collateral Trust Indenture): 

(i) to transfer all or any part of the Pledged Securities into the Trustee’s name or the name of its nominee or nominees;

 (ii) to vote all or any part of the Pledged Securities (whether or not transferred into the name of the Trustee) and give
all consents, waivers and ratifications in respect of the Pledged Securities and otherwise act with respect thereto as though it were the outright owner thereof (each Pledgor hereby irrevocably constituting and appointing the Trustee the proxy and attorney-in-fact of such Pledgor, with full power of substitution to do so, in each case, upon the occurrence and during the continuance of such Specified Conditions); 

(iii) at any time and from time to time following ten (10) days’ prior written notice to the Co-Issuers and each other Pledgor that owns Pledged Collateral, to sell, assign and deliver, or grant options to purchase, on commercially reasonable terms (including price), all or any part of any such Pledged
Collateral, or any interest therein, at any public or private sale, without demand of performance, advertisement or notice of intention to sell or of the time or place of sale or adjournment thereof or to redeem or otherwise (all of which are, to
the fullest extent permitted by applicable Law, hereby waived by each 

  
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Pledgor), for cash, on credit or for other property, for immediate or future delivery without any assumption of credit risk (and such prior written notice shall specify the Pledged Collateral to
be sold and the time and place of any such sale). Any such sale shall comply with all applicable Laws (including the UCC). The Trustee shall not be obligated to make any such sale of Pledged Collateral regardless of whether any such notice of sale
has theretofore been given. Each Pledgor hereby waives and releases to the fullest extent permitted by applicable Law any transfer restriction and any right or equity of redemption with respect to its Pledged Collateral, whether before or after sale
hereunder, and all rights, if any, of marshalling its Pledged Collateral and any other security for the Secured Obligations or otherwise. At any such sale, unless prohibited by applicable Law, the Trustee may bid for and purchase in accordance with
applicable Laws all or any part of the Pledged Collateral to be sold free from any such right or equity of redemption. In no event shall the Trustee be liable for failure to collect or realize upon any or all of the Pledged Collateral or for any
delay in so doing nor shall the Trustee be under any obligation to take any action whatsoever with regard thereto; and 

(iv) to set-off against any and all cash and cash equivalents constituting Pledged
Collateral against any and all Secured Obligations subject to and in accordance with the Collateral Trust Indenture. 
 Without limiting the foregoing, upon
the occurrence and during the continuance of the Specified Conditions, if the underlying Event of Default is caused by the failure of the Pledgors to perform their obligations hereunder or the failure of the Obligors to perform any of the covenants
and agreements contained in the Transaction Documents, the Trustee may, at its option (but subject to the terms of the Transaction Documents) and pursuant to and in accordance with written directions of the Required Secured Parties, perform the same
and in so doing may expend such reasonable and documented sums as the Trustee may reasonably deem to be necessary to perform such covenant or agreement (including without limitation the payment of any taxes resulting in liens and encumbrances on any
Pledged Collateral). The Pledgors hereby acknowledge and agree that all such reasonable and documented sums so expended shall be repayable by the Obligors (including the Pledgors) promptly upon written demand therefor, shall constitute additional
Secured Obligations and shall bear interest from the date said amounts are expended at the applicable Default Rate. No such performance of any such covenant or agreement by the Trustee on behalf of the Obligors, and no such advance or expenditure
therefor, shall relieve the Obligors of any default under the terms of this Pledge Agreement or any other Transaction Document. 
 SECTION 8.
REMEDIES CUMULATIVE, ETC. 
 Each and every right, power and remedy of the Trustee and the
Secured Parties provided for in this Pledge Agreement or in any other Transaction Document, or now or hereafter existing at Law or in equity or by statute shall, to the fullest extent permitted by applicable Law, be cumulative and concurrent and
shall be in addition to every other such right, power or remedy. The exercise or beginning of the exercise by the Trustee or any Secured Party of any one or more of the rights, powers or remedies provided for in this Pledge Agreement or any other
Transaction Document or now or hereafter existing at Law or in equity or by statute or otherwise shall not, to the fullest extent permitted by applicable Law, preclude the simultaneous or later exercise by the Trustee or any Secured Party of all
such other rights, powers or remedies, and no failure or delay 

  
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on the part of the Trustee or any Secured Party to exercise any such right, power or remedy shall operate as a waiver thereof. No notice to or demand on any Pledgor in any case shall entitle it
to any other or further notice or demand in similar or other circumstances or constitute a waiver of any of the rights of the Trustee or any Secured Party to any other or further action in any circumstances without notice or demand. 

SECTION 9. APPLICATION OF PROCEEDS. 

All monies collected by the Trustee upon any sale or other disposition of any Pledged Securities pursuant to the terms of this Pledge Agreement
and applicable Law during the continuance of the Specified Conditions shall be applied in the manner provided in Sections 4.6 and 4.7 of the Collateral Trust Indenture. 

SECTION 10. PURCHASERS OF PLEDGED COLLATERAL. 

Upon any sale of any Pledged Collateral by the Trustee hereunder (whether by virtue of the power of sale herein granted, pursuant to judicial
process or otherwise) during the continuance of the Specified Conditions, such purchaser or purchasers shall not be obligated to see to the application of any part of the purchase money paid over to the Trustee or such officer or be answerable in
any way for the misapplication or nonapplication thereof and the Trustee shall apply such purchase money so paid in accordance with Sections 4.6 and 4.7 of the Collateral Trust Indenture. 

SECTION 11. INDEMNITY. 
 The
indemnification provisions in Section 8.3(b) of the Collateral Trust Indenture shall be incorporated by reference as if fully set forth herein. 

SECTION 12. TRUSTEE NOT A PARTNER. 

(a) Nothing herein shall be construed to make the Trustee liable as a partner of any partnership or member or owner of any Pledged Company
solely as a result of the execution and delivery of this Pledge Agreement and in no event shall the Trustee by virtue of its execution and delivery of this Pledge Agreement have any of the duties, obligations or liabilities of a partner of any
partnership or a member, manager or shareholder in any Pledged Company. The parties hereto expressly agree that this Pledge Agreement shall not be construed as creating a partnership or joint venture among any Pledgor, the Trustee and/or any other
Person, including, without limitation, any Pledged Company. 
 (b) The Trustee, by executing this Pledge Agreement, did not intend to become
a partner of any partnership, a member or manager of any company or otherwise be deemed to be a co-venturer with respect to any Pledgor, Pledged Company and/or any other Person either before or after an Event
of Default shall have occurred. The Trustee shall have only those duties and obligations set forth herein and shall assume none of the duties, obligations or liabilities of a partner of any partnership, a member or manager of any company or of any
Pledgor. 
 (c) The Trustee shall not be obligated to perform or discharge any obligation of any Pledgor as a result of the pledges hereby
effected. 

  
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 (d) The execution by the Trustee of this Pledge Agreement, with all the rights, powers,
privileges and authority so created, shall not at any time or in any event obligate the Trustee to appear in or defend any action or proceeding relating to the Pledged Collateral to which it is not a party, or to take any action hereunder or
thereunder, or to expend any money or incur any expenses or perform or discharge any obligation, duty or liability under the Pledged Collateral. 
 SECTION
13. FURTHER ASSURANCES; POWER-OF-ATTORNEY. 

(a) Each Pledgor will, at such Pledgor’s own expense, execute, file and refile under the UCC such financing statements, continuation
statements and other documents in such offices and to do such other things as are required by Law in order to perfect and preserve the Trustee’s security interest in the Pledged Collateral owned by such Pledgor. Each Pledgor hereby authorizes
the Trustee, at such Pledgor’s own expense, to file financing statements and amendments thereto relative to all or any part of the Pledged Collateral owned by such Pledgor without the signature of such Pledgor where permitted by Law, and
agrees, upon request by the Trustee, to do such further acts and things and to execute and deliver to the Trustee such additional instruments and documents as are required by Law to maintain, preserve and perfect the security interests created under
this Pledge Agreement. Notwithstanding anything herein to the contrary, the Trustee shall have no liability or obligation for the filing of any financing statement, continuation statement or other document, or the taking of any other action required
in order to perfect and preserve the Trustee’s security interest in any of the Pledged Collateral. 
 (b) Each Pledgor hereby appoints,
following the occurrence and during the continuance of the Specified Conditions, the Trustee as such Pledgor’s attorney-in-fact, with full authority in the place
and stead of such Pledgor and in the name of such Pledgor or otherwise, to act from time to time solely after the occurrence and during the continuance of the Specified Conditions to take any action and to execute any instrument which the Trustee is
directed in writing by the Required Secured Parties which is required to realize upon the Pledged Collateral in accordance with the terms of the Collateral Trust Indenture, this Pledge Agreement and applicable Law. 

SECTION 14. TRANSFER BY A PLEDGOR. 

Any sale or other disposition by any Pledgor or mortgage, pledge or other encumbrance of any of the Pledged Collateral or any interest therein
shall (i) be in accordance with the limited liability company operating agreement, partnership agreement or other similar constitutive document of the applicable Pledged Company and (ii) not violate the Note Agreement; and any transferee
of any part of the Pledged Collateral pursuant to a transfer made in violation of the Note Agreement shall take the same subject to the security interest granted by this Pledge Agreement and to the terms, covenants and provisions of this Pledge
Agreement. 
 SECTION 15. REPRESENTATIONS, WARRANTIES AND COVENANTS OF
EACH PLEDGOR. 
 (a) Each Pledgor represents and warrants to the Trustee that: 

(i) it is the legal and record owner of all of its Pledged Securities and that it has sufficient interest in all of its Pledged
Securities in which a security interest is purported to be created hereunder for such security interest to attach (subject, in each case, to no Liens except Permitted Liens); 

  
 -9- 

 (ii) it has full power, authority and legal right to pledge all its Pledged
Securities pledged by it pursuant to this Pledge Agreement and it has not pledged any of its rights in, to or under all or any portion of the Pledged Securities, except to the Trustee on behalf of and for the benefit of the Trustee and the Secured
Parties under this Pledge Agreement; 
 (iii) this Pledge Agreement has been duly authorized, executed and delivered by such
Pledgor and constitutes a legal, valid and binding obligation of such Pledgor enforceable against such Pledgor in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law); 

(iv) except to the extent already obtained or made and except for the filing of financing statements on form UCC-1 in the offices of the Secretary of State of its State of formation, no consent of any other party (including, without limitation, any stockholder, partner, member or creditor of such Pledgor or any of its
Subsidiaries) and no consent, license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any governmental authority is required to be obtained by such Pledgor in connection with
(a) the execution, delivery or performance of this Pledge Agreement by such Pledgor, (b) the validity or enforceability of this Pledge Agreement against such Pledgor, or (c) the perfection or enforceability of the Trustee’s
security interest in the Pledged Securities owned by such Pledgor; 
 (v) none of the Pledged Securities owned by such
Pledgor are subject to any Liens of any Person, other than Permitted Liens; 
 (vi) such Pledgor has not executed, has not
authorized and has no actual knowledge of, any effective UCC financing statement, security agreement or other instrument similar in effect covering all or any part of the Pledged Securities owned by such Pledgor on file in any recording office,
except as may have been filed pursuant to this Pledge Agreement or the other Transaction Documents; 
 (vii) with respect to
any Pledgor or any Pledged Company that the applicable filing office for UCC financing statements requires such information, as of the date hereof, (1) the chief executive office of such Pledgor or such Pledged Company is shown on Schedule
A and (2) the organizational identification number and the true legal name as registered in the State or Commonwealth of the state of organization of such Pledgor or such Pledged Company are set forth on Schedule A. 

(viii) the execution, delivery and performance of this Pledge Agreement does not (1) violate any provision of (a) any
applicable Law or regulation in any material respect or of any order, judgment, writ, award or decree of any court, arbitrator or governmental authority, domestic or foreign, applicable to such Pledgor in any material respect, (b) the
certificate of formation, the certificate of incorporation, operating agreement, limited liability company agreement, partnership agreement or by-laws of such Pledgor, (c) any securities issued by such
Pledgor, or (d) any Material Contract, agreement or instrument or undertaking to which such Pledgor is a party or which purports to be binding upon such Pledgor or upon any of its assets and (2) result in the creation or imposition of (or
the obligation to create or impose) any lien or encumbrance on any of the assets of such Pledgor except as contemplated by this Pledge Agreement and the other Transaction Documents; 

  
 -10- 

 (ix) all of the Pledged Securities of such Pledgor have been duly and
validly issued and acquired, are fully paid and non-assessable (to the extent such concepts are applicable) and are subject to no options to purchase or similar rights; and 

(x) the pledge to the Trustee of the Pledged Securities of such Pledgor pursuant to this Pledge Agreement creates, together
with the filing of financing statements on form UCC-1 in the offices of the Secretary of State of its State of formation with respect to such Pledged Securities, in favor of the Trustee, a valid first priority
perfected security interest in the Pledged Securities of such Pledgor subject to no equal or prior lien on such Pledged Securities, in each case, subject to Permitted Liens and solely to the extent such a lien may be perfected by the filing of such
financing statements under Article 9 of the UCC. 
 (b) Each Pledgor hereby covenants and agrees that it will not, nor will it permit
any Pledged Company that it owns, to change its legal name, its jurisdiction of organization or its organization identification number unless it shall have taken, at its own cost and expense, all action required to maintain the security interest of
the Trustee in the Pledged Securities of such Pledgor intended to be granted hereby as a first priority perfected security interest (subject to Permitted Liens) in favor of the Trustee in full force and effect. 

(c) Each Pledgor covenants and agrees that it will defend the Trustee’s security interest in and to the Pledged Securities of such Pledgor
and the proceeds thereof against the claims and demands of all persons whomsoever claiming under or through such Pledgor; and such Pledgor covenants and agrees that it will likewise defend the security interest of the Trustee in any Pledged
Securities acquired by such Pledgor after the date hereof. 
 (d) Each Pledgor represents and warrants that on the date hereof (i) the
Pledged Securities owned by such Pledgor consist of the interests as described in Schedule B hereto; (ii) such Pledged Securities constitute that percentage of equity interests of such Pledgor in each Pledged Company
as is set forth in Schedule B hereto; and (iii) such Pledgor has complied with the respective procedures set forth in Section 3 hereof with respect to the Pledged Securities described in
Schedule B hereto. 
 SECTION 16. CHIEF EXECUTIVE OFFICE. 

With respect to any Pledgor that the applicable filing office for UCC financing statements requires such information, the chief executive office of each such
Pledgor is located at the address specified in Schedule A hereto. Each such Pledgor shall provide written notice of, and the address of, any new location for such offices to the Trustee not more than fifteen (15) Business Days’
following the establishment thereof. 

  
 -11- 

 SECTION 17. PLEDGOR’S OBLIGATIONS ABSOLUTE,
ETC. 
 The obligations of each Pledgor under this Pledge Agreement shall be, to the fullest extent permitted by applicable
Law, absolute and unconditional and shall remain in full force and effect without regard to, and shall not be released, suspended, discharged, terminated or otherwise affected by, any circumstance or occurrence whatsoever, including, without
limitation: (i) any renewal, extension, amendment or modification of or addition or supplement to or deletion from any Transaction Document or any other instrument or agreement referred to therein, or any assignment or transfer of any thereof;
(ii) any waiver, consent, extension, indulgence or other action or inaction under or in respect of any such agreement or instrument including, without limitation, this Pledge Agreement; (iii) any furnishing of any additional security to
the Trustee or its assignee or any acceptance thereof or any release of any security by the Trustee or its assignee; (iv) any limitation on any party’s liability or obligations under any such instrument or agreement or any invalidity or
unenforceability, in whole or in part, of any such instrument or agreement or any term thereof; or (v) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to such
Pledgor or any Subsidiary of such Pledgor, or any action taken with respect to this Pledge Agreement by any trustee or receiver, or by any court, in any such proceeding, whether or not such Pledgor shall have notice or knowledge of any of the
foregoing. 
 SECTION 18. TERMINATION; RELEASE. 

(a) On the date of satisfaction and discharge of the Secured Obligations in accordance with Section 11 of the Collateral Trust Indenture,
this Pledge Agreement, the security interest, liens and other interests and power created hereby in favor of the Trustee and any Proxy delivered in accordance herewith shall terminate without further action of any other person or entity (provided
that all indemnities set forth herein including, without limitation, in Section 11 hereof shall survive any such termination), and the Trustee, promptly upon receipt of the certificate required under
Section 18(b) and at the expense of any Pledgor, will (i) duly assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the Pledged Securities of such Pledgor
as has not theretofore been sold or otherwise applied or released pursuant to this Pledge Agreement, together with any monies of such Pledgor at the time held by the Trustee or any of its sub-agents hereunder
and (ii) at the request and expense of any Pledgor, execute and deliver to such Pledgor any instrument or instruments reasonably requested by any Pledgor acknowledging the satisfaction and termination of this Pledge Agreement with respect to
such Pledgor. 
 (b) At any time that a Pledgor desires that the Trustee assign, transfer and deliver Pledged Securities of such Pledgor (and
releases therefor) as provided in Section 18(a) hereof, it shall deliver to the Trustee a certificate signed by a Responsible Officer of such Pledgor (i) stating that the release of the Pledged Securities of such
Pledgor is permitted pursuant to such Section 18(a) and (ii) directing the Trustee to so assign, transfer, deliver or release (as applicable) such Pledged Securities. 

(c) Any Pledged Collateral (or portion thereof) which is sold, assigned, conveyed transferred or pledged or otherwise Disposed of by any
Pledgor pursuant to a Permitted Disposition or other transaction not prohibited under the Note Agreement or any other Transaction Document shall (i) in the case of a Permitted Disposition or other transaction involving less than all Pledged
Collateral, upon receipt by the Trustee of an officer’s certificate of or from the applicable Pledgor referencing such Permitted Disposition or other transaction and stating that such Permitted Disposition or other transaction and such release
of Liens is permitted under the Note Agreement 

  
 -12- 

 
and (ii) in the case of a Permitted Disposition or other transaction of all Pledged Collateral, upon receipt by the Trustee of an officer’s certificate of or from the Co-Issuers and opinion of counsel to the Co-Issuers each referencing such Permitted Disposition or other transaction and stating that such Permitted Disposition or other
transaction and such release of Liens is permitted under the Note Agreement, be immediately released from the Liens of this Pledge Agreement without further action by any other Person, and the Secured Parties hereby irrevocably and unconditionally
authorize and direct, with respect to any such released Pledged Collateral, (i) the Trustee to and, at the expense of the Co-Issuers, the Trustee shall, promptly execute and deliver any notice, consent or
other instrument or document as such Pledgor may reasonably request with respect to such Pledged Collateral for the purpose of evidencing such release, and (ii) the Trustee to, and the Trustee shall, immediately transfer title to and possession
of such Pledged Collateral to the relevant Pledgor or its purchaser, assignee or transferee, as directed by such Pledgor. 
 SECTION 19.
NOTICES, ETC. 
 All notices and communications hereunder shall be in accordance with the instructions set
forth on Schedule A attached hereto. 
 SECTION 20. SEPARATENESS. 

(a) Since its formation and at all times thereafter and for so long as any obligation remains outstanding pursuant to this Agreement, each
Pledgor represents, warrants, covenants and agrees that: 
 (i) each Pledgor has held and each Pledgor shall hold itself out
to the public as a legal entity separate and distinct from any other Person; 
 (ii) each Pledgor has conducted and shall
conduct its business solely in its own name; 
 (iii) each Pledgor has corrected and shall correct any known misunderstanding
regarding its separate identity; 
 (iv) no Pledgor identified and or shall identify itself or any of its Affiliates as a
division or department of any other Person; 
 (v) each Pledgor has held and shall hold all of its assets in its own name;

 (vi) no Pledgor has commingled and nor will commingle its assets with those of any other Person, including its member,
directors or officers; 
 (vii) each Pledgor has maintained shall maintain its records, books of account, bank accounts,
financial statements, accounting records and other entity documents separate and apart from those of any other Person; 

  
 -13- 

 (viii) no Pledgor has listed nor shall list its assets as assets on the
financial statement of any other Person; provided, however, that each Pledgor’s assets may be included in a consolidated financial statement of its Affiliate provided that (A) appropriate notation shall be made on such consolidated
financial statements to indicate the separateness of such Pledgor from such Affiliate and to indicate that such Pledgor’s assets and credit are not available to satisfy the debts and other obligations of such Affiliate or any other Person and
(B) such assets shall also be listed on such Pledgor’s own separate balance sheet; 
 (ix) each Pledgor has
maintained, and each Pledgor shall maintain a sufficient number of employees (if any) in light of its contemplated business operations; 

(x) each Pledgor has paid and shall pay the salaries of its own employees, if any, only from its own funds; 

(xi) no Pledgor has held itself out nor will hold itself out as having agreed to pay indebtedness incurred by any affiliate;

 (xii) no Pledgor has guaranteed nor will guarantee or become obligated for the debts of any other Person; 

(xiii) no Pledgor has held nor will hold itself out as being responsible for the debts or obligations of any other Person; 

(xiv) each Pledgor has allocated and shall allocate fairly and reasonably shared expenses with Affiliates (including, without
limitation, shared office space); 
 (xv) each Pledgor has used and shall use separate stationery, invoices and checks
bearing its own name; 
 (xvi) no Pledgor has maintained nor shall maintain its assets in such a manner that will be costly
or difficult to segregate, ascertain or identify its individual assets from those of any other Person; 
 (xvii) each Pledgor
has filed and shall file its own tax return separate from those of any other Person, except to the extent that such Pledgor is treated as a “disregarded entity” for tax purposes and is not required to file tax returns under applicable law;

 (xviii) no Pledgor has acquired nor shall acquire obligations or securities of its managers, members or Affiliates, as
applicable; and 
 (xix) each Pledgor has only entered into and shall only enter into a contract or agreement with any
member, principal or Affiliate of such Pledgor or any guarantor, or any manager, member, principal or Affiliate thereof, upon terms and conditions that are intrinsically fair, commercially reasonable and substantially similar to those that would be
available on an arm’s-length basis with third parties. 

  
 -14- 

 SECTION 21. WAIVER; AMENDMENT. 

None of the terms and conditions of this Pledge Agreement may be changed, waived, modified or varied in any manner whatsoever unless in writing
duly signed by the Pledgors and the Trustee. 
 SECTION 22. MISCELLANEOUS. 

This Pledge Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of
and be enforceable by each of the parties hereto and its successors and assigns, provided that no Pledgor may assign any of its rights or obligations under this Pledge Agreement without the prior written consent of the Trustee.
THIS PLEDGE AGREEMENT AND THE RIGHTS OF THE PARTIES HEREUNDER SHALL
BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK EXCLUDING CHOICE-OF-LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD
PERMIT THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH
STATE. The headings in this Pledge Agreement are for purposes of reference only and shall not limit or define the meaning hereof. This Pledge Agreement may be executed in any number of counterparts, each of which shall be an original,
but all of which shall constitute one instrument. In the event that any provision of this Pledge Agreement shall prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Pledge Agreement
which shall remain binding on all parties hereto. 
 SECTION 23. JURISDICTION AND PROCESS; WAIVER OF JURY TRIAL. 

(a) Each party hereto irrevocably submits to the non-exclusive jurisdiction of any New York State
or federal court sitting in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Pledge Agreement or any Pledged Securities. To the fullest extent permitted by applicable Law, each
party hereto irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue
of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

(b) Each party hereto consents to process being served in any suit, action or proceeding of the nature referred to in
Section 23(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it pursuant to Section 19 hereof
or at such other address of which such party shall then have been notified pursuant to said Section. Each party hereto agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such
suit, action or proceeding and (ii) shall, to the fullest extent permitted by applicable Law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received as
evidenced by a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 

  
 -15- 

 (c) Nothing in this Section 23 shall affect the right of any party
hereto to serve process in any manner permitted by Law, or limit any right that any party hereto may have to bring proceedings relating to this Pledge Agreement in the courts of any appropriate jurisdiction or to enforce in any lawful manner a
judgment obtained in one jurisdiction in any other jurisdiction. 
 (d) THE PARTIES HERETO HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAWS TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS PLEDGE AGREEMENT OR ANY PLEDGED SECURITIES OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH OR THEREWITH. 

SECTION 24. RIGHTS OF THE TRUSTEE. 

The Trustee shall be entitled to the same rights, protections, immunities and indemnities set forth in the Collateral Trust Indenture as if the
same were specifically set forth herein. With respect to the duties, obligations and rights of the Trustee, if any conflict between the terms of this Pledge Agreement and the terms of the Collateral Trust Indenture arises, the terms of the
Collateral Trust Indenture shall govern and control. The recitals herein are not statements of the Trustee and the Trustee shall have no responsibility for the truth or accuracy of such recitals. 

* * * * 

  
 -16- 

 IN WITNESS WHEREOF, each Pledgor and the
Trustee have caused this Pledge Agreement to be executed by their duly elected officers duly authorized as of the date first above written. 
  

			
	 LMRK GUARANTOR CO. LLC, a Delaware limited liability
company

		
	By:	 	 /s/ GEORGE P. DOYLE

		 	Name: George P. Doyle
		 	Title:   Chief Financial Officer
	
	 LMRK ISSUER CO. LLC, a Delaware limited liability
company

		
	By:	 	 /s/ George P. Doyle

		 	Name: George P. Doyle
		 	Title:   Chief Financial Officer
	
	 2019-1 CO-GUARANTOR LLC, a Delaware limited liability company

		
	By:	 	 /s/ George P. Doyle

		 	Name: George P. Doyle
		 	Title:   Chief Financial Officer
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Cynthia L. Major

		 	Name: Cynthia L. Major
		 	Title:   Banking Officer

  
 Signature Page to the
Pledge and Security Agreement 

 SCHEDULE A 

NOTICES AND ADDRESS OF CHIEF EXECUTIVE OFFICES 

The Trustee 
 Notices to: 

Wilmington Trust, National Association 

Corporate Trust Office 

1100 North Market Street 

Wilmington, Delaware 19890 

Fax: 302-636-4140 

Email: clmajor@wilmingtontrust.com 

The Pledgors 
 Notices to: 

c/o 2019-1 Co-Guarantor LLC 

400 Continental Blvd, Suite 500 

El Segundo, CA 90245 

Attention: George Doyle 

with copies to 

Landmark Infrastructure Partners LP 

400 Continental Blvd, Suite 500 

El Segundo, California 90245 

Attention: Legal Department 

and 
 Latham &
Watkins LLP 
 885 3rd Ave 

New York, New York 10022 

Attention: Loren Finegold, Esq. 

 SCHEDULE B 

LIST OF PLEDGED SECURITIES 
  

											
	 Name of Pledged Company
	  	Pledgor	  	Percentage limited
liability company
interest of Pledgor
in Pledged
Company	 	 	Certificate Number	 
	 2019-1 TRS LLC
	  	2019-1 Co-Guarantor
LLC	  	 	100	% 	 	 	N/A	 
	 LMRK Issuer Co. LLC
	  	LMRK Guarantor
Co. LLC	  	 	100	% 	 	 	N/A	 
	 LD Acquisition Company 8 LLC
	  	LMRK Issuer Co.
LLC	  	 	100	% 	 	 	N/A	 
	 LD Acquisition Company 9 LLC
	  	LMRK Issuer Co.
LLC	  	 	100	% 	 	 	N/A	 
	 LD Acquisition Company 10 LLC
	  	LMRK Issuer Co.
LLC	  	 	100	% 	 	 	N/A	 
	 LD Tall Wall II LLC
	  	LMRK Issuer Co.
LLC	  	 	100	% 	 	 	N/A	 

 SCHEDULE C 

FORM OF CONSENT AND AGREEMENT REGARDING PLEDGE OF OWNERSHIP 

INTERESTS 

CONSENT AND AGREEMENT REGARDING PLEDGE OF
OWNERSHIP INTERESTS (as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), dated as of [_____, __ 20__], from [__________], a Delaware
limited liability company (together with its permitted successors and assigns, the “Pledgor”)] [and [______], a Delaware limited liability company (together with its permitted successors and assigns, “[______]” and,
together with [________], each referred to herein individually as a “Pledgor” and, collectively, as the “Pledgors”)]; and [_______], a [____________] (together with its permitted successors and assigns, [the
“Pledged Company”][“________”]), [and [__________], a [___________] (together with its permitted successors and assigns, “[_________]”; together with [______] each a “Pledged
Company” and, collectively, the “Pledged Companies”).] 
 W I T N
E S S E T H: 
 WHEREAS, the
Pledgor[s][, among others,] and Wilmington Trust, National Association, a national banking association, in its capacity as trustee for the Secured Parties from time to time (together with its successors and assigns and any co-agents in such capacity, the “Trustee”) have entered into Pledge and Security Agreement, dated as of January 15, 2020 (as amended, amended and restated, supplemented or otherwise modified
from time to time, the “Pledge Agreement”), under which, among other things, in order to secure the payment of the Secured Obligations (as defined in the Collateral Trust Indenture), the Pledgor(s) pledged to the Trustee, and
granted a security interest in favor of the Trustee in, all of the right, title and interest of [such][each] Pledgor in and to any and all Ownership Interests (as defined in the Pledge Agreement), including any “uncertificated securities”
(as defined in the Uniform Commercial Code, as adopted in its State of formation) (the “UCC”) issued from time to time by [the][any] Pledged Company, whether now existing or hereafter from time to time acquired by such Pledgor (with
all of such Ownership Interests being herein collectively called the “Pledged Interests”); and 
 WHEREAS,
the Pledgor[s] desire[s] that [the][each] Pledged Company enter into this Agreement in order for [the][each] Pledged Company to acknowledge the security interest of the Trustee under the Pledge Agreement in the Pledged Interests, to vest in the
Trustee control of the Pledged Interests and to provide for the rights of the parties under the Pledge Agreement. 
 NOW
THEREFORE, in consideration of the premises and the mutual promises and agreements contained herein, and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows: 
 SECTION 1. [The][Each] Pledged Company hereby acknowledges and confirms that: 

(a) [the][such] Pledged Company’s records reflect that the Pledged Interests of such Pledged Company are registered in the
name of the Pledgor that owns such Pledged Interests; 

 (b) the Pledged Interests of [the][such] Pledged Company are
“uncertificated securities” as defined in Section 8-102(a)(17) of the UCC; 

(c) [the][such] Pledged Company is the “issuer” of the Pledged Interests of [the][such] Pledged Company as defined in
Section 8-201 of the UCC; and 
 (d) the Pledged Interests of [the][such]
Pledged Company are subject to the Liens created under the Pledge Agreement. 
 SECTION 2. [The][Each] Pledgor hereby
irrevocably authorizes and directs [the][each] Pledged Company owned by such Pledgor, and [the][each] Pledged Company hereby agrees that, upon the receipt by [the][such] Pledged Company of written notice from the Trustee (acting at the written
direction of the Required Secured Parties) that the Specified Conditions (as defined in the Collateral Trust Indenture) have occurred and are continuing and that the Trustee is exercising exclusive control over the Pledged Interests issued by
[the][such] Pledged Company in the form of Exhibit A attached hereto (each, a “Notice of Exclusive Control”), [the][such] Pledged Company shall (a) comply with any and all instructions and orders originated by the
Trustee (and its successors and assigns) issued by the Trustee pursuant to and in accordance with the written directions of the Required Secured Parties regarding any and all of the Pledged Interests in [the][such] Pledged Company without the
further consent by the registered owner (including [the][any] Pledgor), and (b) not comply with any instructions or orders regarding any or all of the Pledged Interests originated by any person or entity other than the Trustee (and its
successors and assigns) pursuant to and in accordance with the written directions of the Required Secured Parties or a court of competent jurisdiction. 

SECTION 3. [The][Each] Pledged Company hereby certifies to the Trustee that no notice of any security interest, lien or other
encumbrance or claim affecting the Pledged Interests in [the][such] Pledged Company (other than the security interest of the Trustee) has been received by it. 

SECTION 4. [The][Each] Pledged Company hereby represents and warrants to the Trustee that (a) the pledge by any Pledgor
that owns [the][such] Pledged Company of, and the granting by such Pledgor of a security interest in, the Pledged Interests in [the][such] Pledged Company to the Trustee, does not violate the limited liability company agreement or operating
agreement, as applicable, or any other agreement governing [the][such] Pledged Company or the Pledged Interests in [the][such] Pledged Company, and (b) the Pledged Interests in [the][such] Pledged Company are fully paid and nonassessable (to
the extent such concepts are applicable). 
 SECTION 5. All notices, statements of accounts, reports, prospectuses,
financial statements and other communications to be sent by [the][any] Pledged Company to [the][any] Pledgor that owns [the][such] Pledged Company in respect of [the][such] Pledged Company will also be sent to the Trustee at the following address:

 Wilmington Trust, National Association 

Corporate Trust Office 
 1100
North Market Street 
 Wilmington, Delaware 19890 

  
 3 

 SECTION 6. Except as expressly provided otherwise in
Section 4, all notices, shall be sent or delivered in accordance with the terms of Section 19 of the Pledge Agreement. 

SECTION 7. This Agreement shall be binding upon the successors and assigns of [the][each] Pledgor and [the][each] Pledged
Company and shall inure to the benefit of and be enforceable by the Trustee and its successors and assigns. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which shall constitute one
instrument. In the event that any provision of this Agreement shall prove to be invalid or unenforceable, such provision shall be deemed to be severable from the other provisions of this Agreement which shall remain binding on all parties hereto.
None of the terms or conditions of this Agreement may be changed, waived, modified or varied in any manner whatsoever except in writing signed by the Trustee, the Pledged [Company][Companies] and the Pledgor[s]. 

SECTION 8. (a) Each party hereto irrevocably submits to the non-exclusive
jurisdiction of any New York State or federal court sitting in the Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or relating to this Agreement, the Pledge Agreement or any Pledged Interests. To the
fullest extent permitted by applicable Law, each party hereto irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may
now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

(b) Each party hereto consents to process being served in any suit, action or proceeding of the nature referred to in
Section 7(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it pursuant to Section 19 of the Pledge Agreement or at
such other address of which such party shall then have been notified pursuant to said Section. Each party hereto agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit,
action or proceeding and (ii) shall, to the fullest extent permitted by applicable Law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received as evidenced by a
delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 
 (c) Nothing in this Section
shall affect the right of any party hereto to serve process in any manner permitted by Law, or limit any right that the Trustee may have to bring proceedings against [the][any] Pledgor or [the][any] Pledged Company in the courts of any appropriate
jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction. 

  
 4 

 (d) THE PARTIES HERETO HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAWS TRIAL
BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS AGREEMENT, THE PLEDGE AGREEMENT OR ANY PLEDGED INTERESTS OR ANY OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH OR THEREWITH. 

(e) This Agreement shall be governed by, and construed and enforced in accordance with, the Laws of the State of Delaware, excluding choice-of-law principles of the Law of such state that would permit the application of the Laws of a jurisdiction other than such state. The State of Delaware shall be deemed
to be [the][each] Pledged Company’s jurisdiction for purposes of the UCC (including, without limitation, Section 8-110 thereof). 

*         *         * 

  
 5 

 IN WITNESS WHEREOF, [the][each] Pledgor and
[the][each] Pledged Company have caused this Consent and Agreement Regarding Pledge of Ownership Interests to be duly executed as of the date first above written. 

 

			
	[___________], a Delaware limited liability company, as Pledgor
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	[[___________], a Delaware limited liability company, as Pledgor
		
	By:	 	
                 

		 	Name:
		 	Title:            ]

 Signature Page to Consent and Agreement 

Regarding Pledge of Ownership Interests 

 
			
	[___________], a [___________], as Pledged Company
		
	By:	 	
                 

	Name:
	Title:
	
	[[___________], a [___________], as Pledged Company
		
	By:	 	
                 

		 	Name:
		 	Title:            ]

 Signature Page to Consent and Agreement 

Regarding Pledge of Ownership Interests 

 
					
	Acknowledged and accepted by:
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	
                 

		 	Name:	 	  

		 	Title:	 	  

 Signature Page to Consent and Agreement 

Regarding Pledge of Ownership Interests 

 EXHIBIT A 

TO 
 CONSENT AND AGREEMENT
REGARDING PLEDGE OF OWNERSHIP INTERESTS 
 NOTICE OF EXCLUSIVE CONTROL 

[Name of Pledgor] 
 [Address] 

[Name of Pledged Company] 
 [Address] 

Attention: [______] 
  

	Re:	 Pledged Interests of [Pledgor] Issued by [Pledged Company] - Notice of Exclusive Control 

Ladies and Gentlemen: 
 Reference is made to that
certain Consent and Agreement Regarding Pledge of Ownership Interests dated as of [____], 20[__] (the “Consent and Agreement”) among you, us and the other parties thereto. Capitalized terms used but not defined herein shall
have the meanings specified in the Consent and Agreement. 
 Pursuant to written direction from the Required Secured Parties provided to the
Trustee, the Trustee hereby provides notice that an Event of Default (as defined in the Collateral Trust Indenture) has occurred and is continuing. 

From and after the date of this notice, [______] is hereby directed to (i) comply with any and all orders originated by the Trustee (and
its successors and assigns) issued by the Trustee pursuant to and in accordance with the written directions of the Required Secured Parties regarding any and all of the Pledged Interest of [_____] without the further consent by the registered owner
(including any Pledgor), and (ii) not comply with any instructions or orders regarding any or all of the Pledged Interests originated by any person or entity other than the Trustee (and its successors and assigns) pursuant to and in accordance
with the written direction of the Required Secured Parties or a court of competent jurisdiction. 
  

					
	Very truly yours,
	
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION
		
	By:	 	
                 

		 	Name:	 	
                 

		 	Title:	 	
                 

 SCHEDULE D 

TRANSFER DOCUMENT AND PROXY 

[NAME OF PLEDGED COMPANY] 

FOR VALUE RECEIVED, [        ] (the
“Pledgor”), a [    ] organized and existing under the laws of the State of [    ], hereby sells, assigns and transfers unto Wilmington Trust, National Association, as trustee
under the Pledge and Security Agreement (the “Trustee”), all of its ownership interests in [Name of Pledged Company], a limited liability company organized and existing under the laws of the State of Delaware, standing in its
name on the books of the Pledgor, [represented by Certificate No. [    ],] and irrevocably appoints Trustee as attorney to transfer the ownership interests with full power of substitution in the premises. 

Date: [            ] 

 

					
	[______]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

	
	   

	
	   

	

 SCHEDULE D (CONT.) 

PROXY 

[NAME OF PLEDGED COMPANY] 

The undersigned hereby appoints Wilmington Trust, National Association, in its capacity as trustee under the Pledge and Security Agreement
(the “Trustee”), as Proxy with full power of substitution, and hereby authorizes the Trustee to represent and vote all of the [ownership] interests of [Name of Pledged Company], a Delaware limited liability company organized
and existing under the laws of the State of Delaware, owned by the undersigned on the date of exercise hereof, during the occurrence and continuation of the Specified Conditions under, and as defined in, the Pledge and Security Agreement (the
“Pledge Agreement”), dated as of January 15, 2020, from LMRK Guarantor Co. LLC, a Delaware limited liability company, LMRK Issuer Co. LLC, a Delaware limited liability company and 2019-1 Co-Guarantor LLC, as Pledgors, to the Trustee at any meeting or at any other time chosen by the Trustee in its sole discretion and in accordance with the Pledge Agreement. 

Date: [            ] 

 

					
	[______]
		
	By:	 	  

		 	Name:	 	  

		 	Title:EX-10.3

 Exhibit 10.3 

EXECUTION COPY 
  

 
 MANAGEMENT AGREEMENT 

among 
 LMRK ISSUER CO.
LLC, 
 2019-1 TRS LLC, 

LD ACQUISITION COMPANY 8 LLC, 

LD ACQUISITION COMPANY 9 LLC, 

LD ACQUISITION COMPANY 10 LLC, 

and 
 LD TALL WALL II
LLC 
 and 

LANDMARK INFRASTRUCTURE PARTNERS GP LLC, 

as Project Manager 

Dated as of January 15, 2020 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	Definitions	  	 	1	 
			
	 SECTION 2.
	 	Appointment	  	 	4	 
			
	 SECTION 3.
	 	Management Services	  	 	4	 
			
	 SECTION 4.
	 	Administrative Services	  	 	5	 
			
	 SECTION 5.
	 	[Reserved]	  	 	6	 
			
	 SECTION 6.
	 	Other Services	  	 	6	 
			
	 SECTION 7.
	 	Operation Standards	  	 	7	 
			
	 SECTION 8.
	 	Authority of Project Manager	  	 	7	 
			
	 SECTION 9.
	 	Revenue Account(s); Gross Revenues	  	 	8	 
			
	 SECTION 10.
	 	Operating Budget and CapEx Budget	  	 	8	 
			
	 SECTION 11.
	 	Operating Expenses and Capital Expenditures	  	 	9	 
			
	 SECTION 12.
	 	Compensation	  	 	10	 
			
	 SECTION 13.
	 	Employees	  	 	10	 
			
	 SECTION 14.
	 	Books, Records, Inspections and Software	  	 	11	 
			
	 SECTION 15.
	 	Insurance Requirements	  	 	11	 
			
	 SECTION 16.
	 	Environmental	  	 	11	 
			
	 SECTION 17.
	 	Cooperation	  	 	12	 
			
	 SECTION 18.
	 	Representations and Warranties of Project Manager	  	 	12	 
			
	 SECTION 19.
	 	Representations and Warranties of the Obligors	  	 	14	 
			
	 SECTION 20.
	 	Permitted Activities	  	 	15	 
			
	 SECTION 21.
	 	Removal or Substitution of Project Sites; Additional Project Companies	  	 	16	 
			
	 SECTION 22.
	 	Term of Agreement	  	 	16	 

  
 i 

							
			
	 SECTION 23.
	 	Duties Upon Termination	  	 	18	 
			
	 SECTION 24.
	 	[Reserved]	  	 	18	 
			
	 SECTION 25.
	 	Indemnities	  	 	18	 
			
	 SECTION 26.
	 	Miscellaneous	  	 	19	 

  
 ii 

 LIST OF SCHEDULES AND EXHIBITS 

Schedule I – List of Project Sites 
 Exhibit A –
Initial Budget 
 Exhibit B – Form of Manager Extension Letter 

  
 iii 

 MANAGEMENT AGREEMENT 

THIS MANAGEMENT AGREEMENT (this “Agreement”) is entered into as of January 15, 2020 (the “Effective
Date”) by and among LMRK Issuer Co. LLC, a Delaware limited liability company (the “Issuer”), 2019-1 TRS LLC, a Delaware limited liability company (the “Co-Issuer” and, together with the Issuer, the “Co-Issuers”), LD Acquisition Company 8 LLC, a Delaware limited liability company (“LD-8”), LD Acquisition Company 9 LLC, a Delaware limited liability company (“LD-9”), LD Acquisition Company 10 LLC, a Delaware limited liability
company (“LD-10”) and LD Tall Wall II LLC, a Delaware limited liability company (“Tall Wall II” and, together with the Co-Issuer, LD-8, LD-9 and LD-10, the “Original Project Companies” and, together with any entity that becomes a party hereto after
the date hereof as an “Additional Project Company,” the “Project Companies” and, the Project Companies and the Issuer, collectively, the “Obligors”) and Landmark Infrastructure Partners GP LLC, a
Delaware limited liability company (the “Project Manager”). 
 SECTION 1. Definitions. 

(a) Defined Terms. All capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed to them in the
NPPA. As used in this Agreement, the following terms shall have the following meanings: 
 “Actual/360 Basis” shall mean the
accrual of interest calculated on the basis of the actual number of days elapsed during the relevant period in a year assumed to consist of 360 days. 

“Additional Project Company” shall have the meaning ascribed to it in the preamble hereto. 

“Administrative Services” shall have the meaning specified in Section 4(a). 

“Agreement” shall mean this Management Agreement, together with all amendments hereof and supplements hereto. 

“Available Funds” shall have the meaning specified in Section 26(f)(iii). 

“Budget” shall mean each of the Operating Budget and the CapEx Budget. 

“CapEx Budget” shall mean the annual budget for the Project Companies taken as a whole covering the planned Capital
Expenditures for the period covered by such budget. The CapEx Budget shall not include discretionary Capital Expenditures or Project Site acquisition expenses made to acquire a Project Site or to otherwise enhance the revenues associated with a
Project Site. The CapEx Budget does not include Shared Rent. 
 “Collateral Trust Indenture” shall mean the Collateral
Trust Indenture and Security Agreement, dated as of the date hereof, entered into among the Obligors and the Trustee on behalf of the Secured Parties (as defined therein). 

  
 1 

 “Collection Period” shall mean, the period from, and including, the last day of
the calendar month preceding the month in which such Payment Date occurs to, but excluding, the last day of the calendar month in which such payment occurs; provided that the initial Collection Period shall mean the period of time from, and
including, the initial Closing Date to, but excluding, the last day of the calendar month in which the first Payment Date occurs. 

“Effective Date” shall have the meaning ascribed to it in the preamble hereto. 

“Expiration Date” shall mean the date on which all obligations under the NPPA and the other Transaction Documents have been
satisfied and discharged, as such date may be extended from time to time pursuant to Section 22(a). 

“Extension Notice” shall have the meaning specified in Section 22(a). 

“Indemnified Party” and “Indemnitor” shall mean the Project Manager (and its employees, directors, officers,
agents, representatives and shareholders) and Obligors, respectively, as to Section 25(a) and shall mean the Obligors and Project Manager, respectively, as to Section 25(b). 

“Indenture Trustee” means Wilmington Trust, National Association, a national banking association, solely in its capacity as
Trustee under the Collateral Trust Indenture and its successors thereunder. 
 “Information” shall have the meaning
specified in Section 26(h). 
 “Management Fee” shall have the meaning specified in
Section 12. 
 “Management Services” shall have the meaning specified in
Section 3. 
 “Note Purchase and Participation Agreement” or “NPPA” shall mean the Note
Purchase and Participation Agreement, dated as of the date hereof, among the Obligors. 
 “Obligors” shall have the meaning
ascribed to it in the preamble hereto. 
 “Operating Budget” shall mean, for any period, the budget for the Project
Companies taken as a whole setting forth an estimate of all Operating Expenses of the Project Companies and any other expenses payable by the Project Companies for the Project Sites owned by the Project Companies for such period, as the same may be
amended pursuant to Section 10. 
 “Operation Standards” shall mean the standards for the
performance of the Services set forth in Section 7. 
 “Original Project Companies” shall have
the meaning ascribed to it in the preamble hereto. 
 “Other Services” shall have the meaning specified in
Section 6(a). 
 “Permitted Activities” shall have the meaning specified in
Section 20. 

  
 2 

 “Permitted Investments” shall have the meaning specified in the NPPA. 

“Permitted Withdrawals” shall have the meaning specified in Section 9(a). 

“Prime Rate” shall mean for any day, a per annum rate of interest equal to the “prime rate,” as published in the
“Money Rates” column of The Wall Street Journal, from time to time. The Prime Rate shall change effective as of the date of any change as published in The Wall Street Journal. 

“Project Companies” shall have the meaning ascribed to it in the preamble hereto. 

“Project Manager” shall have the meaning ascribed to it in the preamble hereto. 

“Records” shall have the meaning specified in Section 14. 

“Services” shall mean, collectively, the Management Services and the Administrative Services. 

“Sub-Management Agreement” shall have the meaning specified in
Section 26(d). 
 “Sub-Manager” shall have the meaning
specified in Section 26(d). 
 “Successor Manager” shall have the meaning specified in
Section 26(h). 
 “Term” shall have the meaning specified in
Section 22. 
 (b) Rules of Construction. Unless the context otherwise requires: 

(i) a term has the meaning assigned to it; 

(ii) an accounting term not otherwise defined herein and accounting terms partly defined herein, to the extent not defined, shall have the
respective meanings given to them under GAAP as in effect from time to time; 
 (iii) “or” is not exclusive; 

(iv) “including” means including without limitation; 

(v) words in the singular include the plural and words in the plural include the singular; 

(vi) all references to “$” are to United States dollars unless otherwise stated; 

(vii) any agreement, instrument or statute defined or referred to in this Agreement or in any instrument or certificate delivered in connection
herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; 

  
 3 

 (viii) references to a Person are also to its permitted successors and assigns; and 

(ix) the words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, shall
refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

SECTION 2. Appointment. On the terms and conditions set forth herein, each Obligor hereby engages the Project Manager to perform the
Services as described herein. The Project Manager hereby accepts such engagement. The Project Manager is an independent contractor, and nothing in this Agreement or in the relationship of any Obligor with the Project Manager shall constitute a
partnership, joint venture or any other similar relationship. 
 SECTION 3. Management Services. During the Term, the Project Manager
shall, subject to the terms hereof, perform those functions reasonably necessary to maintain, manage and administer the Project Sites (collectively, the “Management Services”), all in accordance with the Operation Standards. Without
limiting the generality of the foregoing, the Project Manager will have the following specific duties in relation to the Project Sites: 

(a) Project Site Operations. The Project Manager shall monitor and manage each Project Company’s property rights associated with
the Project Sites (including negotiating renewals of Project Documents on behalf of the Project Companies in the ordinary course of business) and maintaining the Insurance Policies pursuant to Section 15 hereof. The Project Manager shall
perform on behalf of each Project Company any obligation reasonably required of such Project Company pursuant to any Project Documents or other agreement related to the Project Sites (other than the payment of amounts due from the Project Companies
thereunder, which payments shall be paid out of the applicable Revenue Account(s) as provided herein). 
 (b) Administration of Project
Documents. The Project Manager shall, on behalf of the Project Companies, (i) maintain a database of the Project Documents indicating, for each Project Document, the amount of all payments due from the Ground Lessee thereunder and the dates
on which such payments are due, (ii) invoice all Gross Revenues due under the Project Documents and otherwise with respect to the Project Sites, in each case to the extent required by such agreements and licenses, and use commercially
reasonable efforts to collect all such Gross Revenues and other amounts due under the Project Documents and otherwise, (iii) managing delinquencies and defaults under the Project Documents, (iv) perform all services required to be
performed by the Project Companies under the terms of the Project Documents and (v) otherwise use commercially reasonable efforts to ensure compliance on the part of the Project Companies with the terms of the Transaction Documents and each
Project Document and Project Document, all in accordance with the Operation Standards. Each Project Company hereby authorizes the Project Manager to take any action the Project Manager deems to be necessary or appropriate to enforce the terms of the
Transaction Documents and each Project Document and Project Documentin accordance with the Operation Standards, including the right to exercise (or not to exercise) any right such Project Company may have to collect Gross Revenues and other amounts
due under the Project Documents (whether through judicial proceedings or otherwise), to terminate any Project Document, Project Document or to evict any Ground Lessee. The Project Manager shall also have the right, in accordance with the Operation
Standards, to compromise, settle and 

  
 4 

 
otherwise resolve claims and disputes with regard to the Project Documents. The Project Manager may agree to any modification, waiver or amendment of any term of, forgive any payment on, and
permit the release of any Ground Lessee on, any Project Document or Project Document pertaining to the Project Sites as it may determine to be necessary or appropriate in accordance with the Operation Standards. 

(c) Compliance with Law, Etc. The Project Manager will take such actions within its reasonable control as may be necessary to comply in
all material respects with any and all laws, ordinances, orders, rules, regulations, requirements, permits, licenses, certificates of occupancy, statutes and deed restrictions applicable to the Project Sites. The cost of complying with this
paragraph shall be the responsibility of the Project Companies, shall be considered an Operating Expense, shall be included in the Operating Budget and shall be payable out of the applicable Revenue Account. 

(d) Revenue Accounts. The Project Manager shall, on behalf of each Project Company, (i) cause the deposit of all Gross Revenues
received by such Project Company which are attributable to such Project Company’s Project(s) in a designated Revenue Account and (ii) transfer to a designated Revenue Account all Gross Revenues received by the Project Manager within five
(5) Business days of identification thereof. 
 SECTION 4. Administrative Services. 

(a) During the Term of this Agreement, the Project Manager shall, subject to the terms hereof, provide to each Obligor the following
administrative services in accordance with the Operation Standards (collectively, the “Administrative Services”): 

(i) clerical, bookkeeping and accounting services, including maintenance of general records of the Obligors, as necessary or
appropriate in light of the nature of the Obligors’ business and the requirements of the NPPA and the other Transaction Documents; 

(ii) maintain accurate books of account and records of the transactions of each Obligor, render statements or copies thereof
from time to time as reasonably requested by such Obligor; 
 (iii) prepare and file, or cause to be prepared and filed, all
franchise, withholding, income and other tax returns of such Obligor required to be filed by it and arrange for any taxes owing by such Obligor to be paid to the appropriate authorities out of funds of such Obligor available for such purpose, all on
a timely basis and in accordance with applicable law, rules or regulations; 
 (iv) administer such Obligor’s
performance under the NPPA and the other Transaction Documents, including (A) preparing and delivering (or causing to be prepared and delivered) on behalf of such Obligor such opinions of counsel, officers’ certificates, reports, notices
and other documents as are required under such NPPA and the other Transaction Documents and (B) holding, maintaining and preserving such NPPA and the other Transaction Documents and books and records relating to such NPPA and the other
Transaction Documents and the transactions contemplated or funded thereby, and making such books and records available for inspection in accordance with the terms of such NPPA and the other Transaction Documents; 

  
 5 

 (v) take all actions on behalf of such Obligor as may be necessary or
appropriate in order for such Obligor to remain duly organized and qualified to carry out its business under applicable law, rules or regulations, including making all necessary or appropriate filings with federal, state and local authorities under
corporate and other applicable statutes; and 
 (vi) manage all litigation instituted by or against such Obligor, including
retaining on behalf of and for the account of such Obligor legal counsel to perform such services as may be necessary or appropriate in connection therewith and negotiating any settlements to be entered into in connection therewith; provided
that, with respect to any such litigation that refers to any property interest of the Indenture Trustee, on behalf of the Noteholders, in litigation papers accompanying a summons as a result of the conveyance by a Project Company to the Indenture
Trustee, the Project Manager shall act on behalf of the Indenture Trustee to manage such litigation and shall promptly advise the Indenture Trustee, what action, if any, the Project Manager is taking, or intends to take, in connection therewith;
provided, further, the Project Manager shall answer and appear on the Indenture Trustee’s behalf, but in no event shall the Project Manager accept a default judgment to the extent the related proceeding asserts any personal or
institutional claims against the Indenture Trustee without the consent of the Indenture Trustee. 
 (b) The Obligors acknowledge that, for
tax purposes, the Project Manager will allocate the value of its services among the Obligors on a basis determined by the Project Manager in its reasonable discretion and the Obligors agree to be bound by such allocation and to file any required tax
returns on a basis consistent with such allocation. 
 SECTION 5. [Reserved] 

SECTION 6. Other Services. 

(a) The Project Manager may, subject to Section 6(b) below, provide to each Project Company marketing and leasing
services in accordance with the Operation Standards (collectively, the “Other Services”). Such services may include marketing of Project Sites, conducting diligence on potential new tenants and procuring Project Documents with third
party customers for the Project Sites, including locating potential Ground Lessees, negotiating Project Documents with such Ground Lessees and executing or brokering Project Documents as agent and attorney-in-fact for the Project Companies (including renewals, expansions, equipment changes, rental abatements, relocations, maintenance agreements, terminations and extensions of such Project Documents).
To the extent that the Project Manager agrees to provide such services, the Project Manager shall have complete authority to negotiate all of the terms of each Project Document, both economic and non-economic,
as well as complete authority to negotiate and execute amendments and other modifications thereto in the name of or on behalf of the Project Companies; provided, however, that the terms of any Project Document or amendment or
modification thereof shall be on commercially reasonable terms and in accordance with the 

  
 6 

 
Operation Standards. Notwithstanding the absence of an agreement to provide such services, the Project Companies specifically authorize the Project Manager to develop, operate and maintain
marketing materials, including an internet website, pursuant to which the Project Sites may be marketed as an integrated network (including other sites owned or operated by the Project Manager or its Affiliates other than the Project Companies),
recognizing that such marketing efforts may not identify the particular Project Company related to a particular Project Site. 
 (b) Any
provision of Other Services to the Project Companies by the Project Manager shall be subject to an additional agreement between the Project Manager and the Obligors, pursuant to which the Obligors shall agree to provide additional compensation to
the Project Manager; provided that the obligation of the Obligors to pay such additional compensation shall be limited to, and payable only from and to the extent of, funds otherwise available to the Obligors in accordance with the Collateral
Trust Indenture. 
 SECTION 7. Operation Standards. The Project Manager shall perform the Services in accordance with and subject to
the terms of the NPPA and the other Transaction Documents, the Project Documents and applicable law, rules or regulations and, to the extent consistent with the foregoing, (i) using the same degree of care, skill, prudence and diligence that
the Project Manager employed in the management of Project Sites prior to the date hereof and, to the extent applicable, that the Project Manager uses for other similar assets it manages and (ii) with the objective of timely collections of Gross
Revenues under the Project Documents. The Project Manager hereby acknowledges that it has received a copy of the NPPA and the other Transaction Documents and agrees not to take any action or fail to take any action within its control that would
cause the Obligors to be in default thereunder. The services performed in relation to the Project Sites shall be of a scope and quality not less than those generally performed by professional project managers performing services consistent with
those required of the Project Manager under this Agreement for assets similar in type and quality to the Project Sites that are located in the same geographical market areas as the Project Sites. 

SECTION 8. Authority of Project Manager. During the Term, the parties recognize that the Project Manager will be acting as the
exclusive agent of the Obligors with regard to the Services described herein. Each Project Company hereby grants to the Project Manager the exclusive right and authority, and hereby appoints the Project Manager as its true and lawful attorney-in-fact, with full authority in the place and stead of such Project Company and in the name of such Project Company, to negotiate, execute, implement, amend or
terminate, as circumstances dictate, for and on behalf of such Project Company, any and all Project Documents, contracts, permits, licenses, registrations, approvals, amendments and other instruments, documents and agreements as the Project Manager
deems necessary or advisable in accordance with the Operation Standards. The Project Manager will also have the authority to enforce, terminate and compromise disputes under all Project Documents and all other agreements and documents, as the
Project Manager deems necessary and desirable. In addition, the Project Manager will have full discretion in determining (subject to the Operation Standards and subject to the limitations set forth in Section 4(a)(vi))
whether to commence litigation on behalf of a Project Company, and will have full authority to act on behalf of each Project Company in any litigation proceedings or settlement discussions commenced by or against any Project Company. Each Project
Company shall promptly execute such other or further documents as the Project Manager may from time to time reasonably request to more completely effect or evidence the authority of the Project Manager hereunder, including the delivery of such
powers of attorney (or other similar authorizations) as the Project Manager may reasonably request to enable it to carry out the Services hereunder. 

  
 7 

 SECTION 9. Revenue Account(s); Gross Revenues. 

(a) Revenue Account(s). So long as no Control Event has occurred or Specified Conditions have occurred and are continuing, at all times
during the Term of this Agreement the Project Manager shall have full access to the Revenue Account(s) for the purposes set forth herein and, so long as no Control Event has occurred or Specified Conditions exist, all checks or disbursements from
the Revenue Account will require only the signature of the Project Manager. So long as no Control Event has occurred or Specified Conditions have occurred and are continuing, funds on deposit in any Revenue Account may be withdrawn at the direction
of the Project Manager (i) to pay Operating Expenses and Capital Expenditures in accordance with the terms hereof, (ii) to withdraw amounts deposited in error, (iii) to pay the Management Fee and (iv) if the Project Manager
determines, in accordance with the Operation Standards, that the amount on deposit in the Revenue Account exceeds the amount required to pay the Debt Service, Operating Expenses and Capital Expenditures as the same become due and payable, to make
Restricted Payments in accordance with Section 10.7 of the NPPA at the direction of the Co-Issuers or the other Obligors (clauses (i), (ii), (iii) and (iv) collectively, “Permitted
Withdrawals”). So long as no Control Event has occurred or Specified Conditions have occurred and are continuing, the Project Manager may direct any institution maintaining the Revenue Account to invest the funds held therein in one or more
Permitted Investments as the Project Manager may select in its discretion. All interest and investment income realized on funds deposited therein shall be deposited to the Revenue Account. 

(b) Gross Revenues. The Project Manager shall cause all Gross Revenues of the Project Companies to be deposited directly into the
applicable Revenue Account as required by the Indenture and the other Transaction Documents. The Project Manager acknowledges that the Obligors are obligated under the Transaction Documents to direct all Ground Lessees and other Persons obligated to
pay any Gross Revenues directly to the applicable Revenue Account. The Project Manager agrees to comply (and to cooperate with the Project Companies in complying) with such requirements and directions, and the Project Manager agrees to give no
direction to any Ground Lessee or other Person in contravention of such requirements or directions, nor otherwise to cause any Gross Revenues to be paid to the Project Companies, the Project Manager or any other Person, whether at the direction of
the Project Companies or otherwise. In the event the Project Manager shall for any reason receive any Gross Revenue due to any Project Company, the Project Manager shall deposit the same within five (5) Business Days of identification of such
amounts into the applicable Revenue Account. The Project Manager hereby disclaims any and all interests in each of the Accounts and in any of the Gross Revenue of the Project Companies. 

SECTION 10. Operating Budget and CapEx Budget. Contemporaneously with the execution and delivery of this Agreement, the Project Manager
and the Obligors have agreed on an initial Operating Budget and CapEx Budget for the period beginning on January 15, 2020 through the end of calendar year 2020, copies of which are attached as Exhibit A. No later than
thirty (30) calendar days prior to the start of each calendar year, commencing with 2021, the Project Manager shall deliver to the Co-Issuers (and if so requested by the Indenture Trustee promptly

  
 8 

 
upon the Indenture Trustee’s request) an Operating Budget and CapEx Budget for the following calendar year. The Operating Budget shall identify and set forth the Manager’s reasonable
estimate of all Operating Expenses on a line-item basis consistent with the form of Operating Budget attached as Exhibit A. Each of the parties hereto acknowledges and agrees that the Operating Budget and the CapEx Budget represent estimates only,
and that actual Operating Expenses and Capital Expenditures may vary from those set forth in the applicable Budget. In the event the Project Manager determines, in accordance with the Operation Standards, that the actual Operating Expenses or
Capital Expenditures for any year will materially differ from those set forth in the applicable Budget for such year, the Project Manager may modify or supplement such Budget in its discretion to reflect such differences. 

SECTION 11. Operating Expenses and Capital Expenditures. 

(a) The Project Manager is hereby authorized to incur Operating Expenses and to make Capital Expenditures on behalf of the Project Companies,
the necessity, nature and amount of which may be determined in the Project Manager’s discretion in accordance with the Operation Standards. The Project Manager shall use commercially reasonable efforts to incur Operating Expenses and to make
Capital Expenditures within the limits prescribed by the Budgets; provided that the Project Manager may at any time incur Operating Expenses and make Capital Expenditures in amounts that exceed the Operating Expenses or Capital Expenditures,
as the case may be, specified in the applicable Budget if and to the extent that the Project Manager determines in accordance with the Operation Standards that it is necessary or advisable to do so. 

(b) The Project Manager shall maintain accurate records with respect to each Project Site reflecting the status of real estate and personal
property taxes for Fee Estates, insurance premiums and other Operating Expenses payable in respect thereof and shall furnish to the Co-Issuers from time to time such information regarding the payment status of
such items as the Co-Issuers may from time to time reasonably request. Provided that no Control Event has occurred or Specified Conditions shall have occurred and then be continuing, the Project Manager shall
arrange for the payment of all such real estate and personal property taxes, insurance premiums and other Operating Expenses payable by the Project Companies as the same become due and payable out of funds on deposit in the applicable Revenue
Account(s) and the Project Manager shall have no obligation to subsidize, incur, or authorize any Operating Expense that cannot, or will not, be paid by or through such Revenue Account(s). If the Project Manager determines that the funds on deposit
in the applicable Revenue Account are not sufficient to pay all Operating Expenses with respect to the related Project Sites as the same shall become due and payable, the Project Manager shall notify the
Co-Issuers and the Indenture Trustee of the amount of such deficiency. In the event of any such deficiency, the Project Manager may, in its sole discretion and in accordance with the NPPA, elect to pay such
Operating Expenses out of its own funds, but shall have no obligation to do so. The Obligors, jointly and severally, shall be obligated to pay or reimburse the Project Manager for all such Operating Expenses paid by the Project Manager out of its
own funds together with interest thereon at the Prime Rate on an Actual/360 Basis, which shall be considered an Operating Expense and shall be payable out of the Revenue Account. Such reimbursement obligation shall survive the expiration of the
termination of this Agreement. 

  
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 SECTION 12. Compensation. In consideration of the Project Manager’s agreement to
perform the Services during the Term hereof, the Obligors hereby jointly and severally agree to pay to the Project Manager a fee (the “Management Fee”), for each Collection Period, equal to 2.0% of the Gross Revenues of the Obligors
for such Collection Period. Such fee in respect of each Collection Period shall be payable to the Project Manager, on each Payment Date. On the day that is three (3) Business Days prior to each Payment Date, the Project Manager shall report to
the Obligors the Management Fee then due and payable based on the information regarding Gross Revenues for the immediately preceding Collection Period then available to it. If the Project Manager subsequently determines that the Management Fee so
paid to it for any Collection Period was less than what should have been paid (based on a re-computation of the Gross Revenues for such Collection Period), then the Management Fee for the next Collection
Period shall be increased by the amount of the underpayment. If the Project Manager subsequently determines that the Management Fee so paid to it for any Collection Period was higher than what should have been paid (based on a re-computation of the Gross Revenues for such Collection Period), then the Management Fee for the next Collection Period shall be reduced by the amount of the overpayment. Upon the expiration or earlier termination
of this Agreement as set forth in Section 22, the Project Manager shall be entitled to receive, on the next succeeding Payment Date, the portion of the Management Fee which was earned by the Project Manager through the
effective date of such expiration or termination (such earned portion being equal to the product of (a) the total Management Fee that would have been payable for the Collection Period in which such expiration or termination occurred had this
Agreement remained in effect and (b) a fraction, the numerator of which is the number of days in such month through the effective date of such expiration or termination and the denominator of which is the total number of days in such month).
Notwithstanding anything to the contrary in this Section 12, the Management Fee for the first Payment Date following the initial Closing Date shall be based on Gross Revenues for the period beginning on the initial Closing
Date and ending on the last day of the initial Collection Period. The Project Manager shall be entitled to no other fees or payments from the Obligors as a result of the termination or expiration of this Agreement in accordance with the terms
hereof. None of the expenses necessary to the performance of the Project Manager’s duties (other than Operating Expenses, Capital Expenditures, the indemnities described in Section 24 and the Other Services described
in Section 6) will be paid by the Obligors. Any and all amounts payable by the Obligors under this Agreement shall be limited to, and payable only from and to the extent of, funds otherwise available to the Obligors in
accordance with the Collateral Trust Indenture. 
 SECTION 13. Employees. The Project Manager shall employ, supervise and pay (or
contract with a third party, including an Affiliate of the Project Manager, to provide, supervise and pay) at all times a sufficient number of capable employees as may be necessary for the Project Manager to perform the Services hereunder in
accordance with the Operation Standards. All employees of the Project Manager will be employed at the sole cost of the Project Manager. All matters pertaining to the employment, supervision, compensation, promotion and discharge of such employees
are the sole responsibility of the Project Manager, who is, in all respects, the employer of such employees. To the extent the Project Manager, its designee, or any subcontractor negotiates with any union lawfully entitled to represent any such
employees, it shall do so in its own name and shall execute any collective bargaining agreements or labor contracts resulting therefrom in its own name and not as an agent for any Obligor. The Project Manager shall comply in all material respects
with all applicable laws and regulations related to workers’ compensation, social security, ERISA, unemployment insurance, hours of labor, wages, working conditions and other employer-employee related subjects. The Project Manager is
independently engaged in the business of performing management and operation services as an independent contractor. All employment arrangements in connection with the Project Manager’s performance of the Services hereunder are therefore solely
the Project Manager’s concern and responsibility, and the Obligors shall have no liability with respect thereto. 

  
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 SECTION 14. Books, Records, Inspections and Software. The Project Manager shall, on
behalf of the Obligors, keep (or cause to be kept) such materially accurate and complete books and other records pertaining to the Project Sites and the Services as may be necessary or appropriate under the Operation Standards. Such books and
records shall include all Project Documents, corporate records, monthly summaries of all accounts receivable and accounts payable, maintenance records, Insurance Policies, receipted bills and vouchers (including tax receipts, vouchers and invoices)
and other documents and papers pertaining to the Project Sites. All such books and records (“Records”) shall be kept in an organized fashion and in a secure location. During the Term, the Project Manager shall afford to the Obligors
and the Indenture Trustee reasonable access to any Records relating to the Project Sites and the Services within its control, except to the extent it is prohibited from doing so by applicable law or the terms of any applicable obligation of
confidentiality or to the extent such information is subject to a privilege under applicable law to be asserted on behalf of the Obligors. Such access shall be afforded without charge but only upon reasonable prior written request and during normal
business hours at the offices of the Project Manager designated by it. 
 SECTION 15. Insurance Requirements. The Project Manager
shall maintain (or cause to be maintained), on behalf of the Obligors, all insurance policies required to be maintained by the Obligors pursuant to the NPPA and other Transaction Documents and such other insurance policies as the Project Manager
shall determine to be necessary or appropriate in accordance with the Operation Standards. The Project Manager shall prepare and present, on behalf of the Obligors, claims under any such insurance policy in a timely fashion in accordance with the
terms of such policy. Any payments on such policies shall be made to the Project Manager as agent of and for the account of the Obligors (and on behalf of the Obligors, for the benefit of and to be held in trust for the Indenture Trustee to the
extent provided in the NPPA), except as otherwise required by the NPPA and other Transaction Documents. All such payments shall be applied in accordance with the NPPA and the other Transaction Documents or, if the NPPA and the other Transaction
Documents do not specify an application, shall be deposited into the applicable Revenue Account. The Project Manager shall provide to the Indenture Trustee on behalf of the Obligors such evidence of insurance and payments of the premiums thereof
required pursuant to the Obligors’ obligations under Section 7.1(g) of the NPPA. 
 SECTION 16. Environmental. 

(a) The Obligors hereby represent and warrant as to each Project Site that none of the Obligors have actual knowledge of any material
violations of Environmental Laws at the related Project Site. 
 (b) The Project Manager shall not consent to the installation, use or
incorporation into the Project Sites of any Hazardous Materials in violation of applicable Environmental Laws and shall not consent to the discharge, dispersion, release, storage, treatment, generation or disposal of any pollutants or toxic or
Hazardous Materials in material violation of Environmental Law and covenants and agrees to take reasonable steps to comply in all material respects with the Environmental Laws. 

  
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 (c) The Project Manager covenants and agrees (i) that it shall advise the Co-Issuers and the Indenture Trustee in writing of each notice of any material violation of Environmental Law of which the Project Manager has actual knowledge, promptly after the Project Manager obtains actual
knowledge thereof and (ii) to deliver promptly to the Co-Issuers and the Indenture Trustee copies of all communications from any federal, state and local governmental authorities received by the Project
Manager concerning any such violation and Hazardous Material on, at or about the Project Sites. 
 SECTION 17. Cooperation. Each
Obligor and the Project Manager shall cooperate with the other parties hereto in connection with the performance of any responsibility required hereunder, under the Transaction Documents, or otherwise related to the Project Sites or the Services. In
the case of the Obligors, such cooperation shall include (i) executing such documents or performing such acts as may be required to protect, preserve, enhance, or maintain the Project Sites or the Revenue Account(s), (ii) executing such
documents as may be reasonably required to accommodate a Ground Lessee or its installations, (iii) furnishing to the Project Manager, on or prior to the Effective Date, all keys, key cards or access codes required in order to obtain access to
the Project Sites, (iv) furnishing to the Project Manager, on or prior to the Effective Date, all books, records, files, abstracts, contracts, Project Documents, materials and supplies, Budgets and other Records relating to the Project Sites or
the performance of the Services and (v) providing to the Project Manager such other information as the Project Manager considers reasonably necessary for the effective performance of the Services. In the case of the Project Manager, such
cooperation shall include cooperating with the Indenture Trustee, potential purchasers of any of the Project Sites, appraisers, sellers of sites or related Project Sites, auditors and their respective agents and representatives, with the view that
such parties shall be able to perform their duties efficiently and without interference. 
 SECTION 18. Representations and Warranties of
Project Manager. The initial Project Manager makes the following representations and warranties to the Obligors all of which shall survive the execution, delivery, performance or termination of this Agreement: 

(a) The Project Manager is a limited liability company, validly existing and in good standing under the laws of the State of Delaware. 

(b) The Project Manager’s execution and delivery of, performance under, and compliance with this Agreement, will not violate the Project
Manager’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a material breach of, any material agreement or other material instrument to
which it is a party or by which it is bound. 
 (c) The Project Manager has the full power and authority to own its properties, to conduct
its business as presently conducted by it and to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this
Agreement. 

  
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 (d) Each Transaction Document to which the Project Manager is a party, assuming the due
authorization, execution and delivery of such Transaction Document by each of the other parties thereto, constitutes a valid, legal and binding obligation of the Project Manager, enforceable against the Project Manager in accordance with the terms
thereof, subject to (i) applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity, regardless of whether such
enforcement is considered in a proceeding in equity or at law. 
 (e) The Project Manager is not in violation of, and its execution and
delivery of, performance under and compliance with each of the Transaction Documents to which it is a party will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal,
state or local governmental or regulatory authority, which violation, in the Project Manager’s good faith and reasonable judgment, is likely to affect materially and adversely either the ability of the Project Manager to perform its obligations
under the Transaction Documents to which it is a party or the financial condition of the Project Manager. 
 (f) No consent, approval,
authorization or order of any state or federal court or governmental agency or body is required for the consummation by the Project Manager of the transactions contemplated herein, except for those consents, approvals, authorizations or orders that
previously have been obtained. 
 (g) No litigation is pending or, to the Project Manager’s actual knowledge, threatened against the
Project Manager that, if determined adversely to the Project Manager, would prohibit the Project Manager from entering into any of the Transaction Documents to which it is a party, or that, in the Project Manager’s good faith and reasonable
judgment, is likely to materially and adversely affect either the ability of the Project Manager to perform its obligations under the Transaction Documents to which it is a party or the financial condition of the Project Manager. 

(h) The Project Manager is not (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published
by the Office of Foreign Assets Control, United States Department of the Treasury (“OFAC”) (an “OFAC Listed Person”) (ii) an agent, department, or instrumentality of, or is otherwise beneficially owned by,
controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any Person, entity, organization, foreign country or regime that target of comprehensive OFAC sanctions, or (iii) otherwise blocked, or
subject to comprehensive sanctions under other United States economic sanctions, including but not limited to, the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Comprehensive Iran Sanctions, Accountability and
Divestment Act or any similar law or regulation with respect to Iran or any economic sanctions regulations administered and enforced by the United States or any enabling legislation or executive order relating to any of the foregoing (collectively,
“U.S. Economic Sanctions”) (each OFAC Listed Person and each other Person, entity, organization and government of a country described in clause (i), clause (ii) or clause (iii), a “Blocked Person”). The Project
Manager has not been notified that its name appears or may in the future appear on a state list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions. 

  
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 (i) The Project Manager (i) has not been found in violation of, charged with, or
convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act), the USA PATRIOT
Act or any other United States law or regulation governing such activities (collectively, “Anti-Money Laundering Laws”) or any U.S. Economic Sanctions violations, (ii) is not, to the actual knowledge of the Project Manager,
under investigation by any Governmental Authority for possible violation of Anti-Money Laundering Laws or any U.S. Economic Sanctions violations, (iii) has not been assessed civil penalties under any Anti-Money Laundering Laws or any U.S.
Economic Sanctions, or (iv) has not had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. 
 (j)

 (i) In the past five, years, the Project Manager (i) has not been charged with, or convicted of bribery or any other
anti-corruption related offense under any applicable law or regulation in a U.S. or any non-U.S. country or jurisdiction, including but not limited to, the U.S. Foreign Corrupt Practices Act and the U.K.
Bribery Act 2010 (collectively, “Applicable Anti-Corruption Laws”), (ii) to the actual knowledge of the Project Manager, is not under investigation by any U.S. or non-U.S. Governmental
Authority for possible violation of Applicable Anti-Corruption Laws, and (iii) has not been assessed civil or criminal penalties under any Applicable Anti-Corruption Laws. 

(ii) To the actual knowledge of the Project Manager, the Project Manager has not, within the last five years, directly or
indirectly offered, promised, given, paid, authorized, solicited, accepted, or received anything of value to or from any Person (including a Governmental Official or a commercial counterparty) for the purposes of: (i) improperly influencing any
act, decision or failure to act, (ii) improperly inducing a Person to do or omit to do any act in violation of their duty, or (iii) improperly inducing a Person to use his or her influence to affect any act or decision; in each case in
order to obtain, retain or direct business or to otherwise secure an improper advantage in material violation of any applicable law or regulation. 

(iii) The Project Manager has established policies and procedures which it reasonably believes are adequate to ensure that it
will continue to be in material compliance with the Applicable Anti-Corruption Laws. 
 SECTION 19. Representations and Warranties of the
Obligors. Each Obligor makes the following representations and warranties to the Project Manager all of which shall survive the execution, delivery, performance or termination of this Agreement: 

(a) Such Obligor is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of
organization. 
 (b) Such Obligor’s execution and delivery of, performance under, and compliance with this Agreement, will not violate
such Obligor’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in a breach of, any agreement or other instrument to which it is a party or
by which it is bound, except where such violation, breach or default in such Obligor’s good faith and reasonable judgment, is not reasonably likely to affect materially and adversely either the ability of such Obligor to perform its obligations
under this Agreement or the financial condition of such Obligor. 

  
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 (c) Such Obligor has the full power and authority to own its Project Sites, to conduct its
business as presently conducted by it and to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this
Agreement. 
 (d) This Agreement, assuming the due authorization, execution and delivery by each of the other parties hereto, constitutes a
valid, legal and binding obligation of such Obligor, enforceable against such Obligor in accordance with the terms hereof, subject to (i) applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of
creditors’ rights generally and (ii) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law. 

(e) Such Obligor is not in violation of, and its execution and delivery of, performance under and compliance with this Agreement will not
constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, except such violation, in such Obligor’s good faith and
reasonable judgment, is not reasonably likely to affect materially and adversely either the ability of such Obligor to perform its obligations under this Agreement or the financial condition of such Obligor. 

(f) No consent, approval, authorization or order of any state or federal court or governmental agency or body is required for the consummation
by such Obligor of the transactions contemplated herein, except for those consents, approvals, authorizations or orders that previously have been obtained or that, in such Obligor’s good faith and reasonable judgment, is not reasonably likely
to materially and adversely affect either the ability of such Obligor to perform its obligations under this Agreement or the financial condition of such Obligor. 

(g) No litigation is pending or, to the Obligor’s actual knowledge, threatened against such Obligor that, if determined adversely to such
Obligor, would prohibit such Obligor from entering into this Agreement or that, in such Obligor’s good faith and reasonable judgment, is reasonably likely to materially and adversely affect either the ability of such Obligor to perform its
obligations under this Agreement or the financial condition of such Obligor. 
 SECTION 20. Permitted Activities. For the avoidance
of doubt, it is understood and agreed that nothing contained in this Agreement shall restrict the Project Manager, its employees, its agents or its Affiliates (or impose a duty on the Project Manager or any such other Person to refrain) from
engaging in any business relating to managing, for itself, its Affiliates or others, similar assets (including the ownership, operation, maintenance, leasing or marketing of project sites for itself or for others) without regard to any conflicts
which may arise in connection therewith and even if, by doing so, such activities could be construed to be in competition with the business activities of the Obligors, subject only to the restrictions set forth below in
items (i), (ii) and (iii) (“Permitted Activities”). In the conduct of Permitted Activities the Project Manager 

  
 15 

 
agrees that (i) if the Project Manager arranges for a lease of a project site with a tenant that is also a Ground Lessee under a Project Document, such new lease will be separate from and
independent of the Project Document(s) between the Ground Lessee and the related Project Company, (ii) unless a Project Site has been disposed of or terminated by a Project Company in accordance with the NPPA and the other Transaction
Documents, the Project Manager will not solicit a Ground Lessee to terminate a Project Document for a Project Site and replace such Project Document with a project site owned, leased or managed by a Person that is not a Project Company and
(iii) in all cases the Project Manager shall perform its duties and obligations hereunder in accordance with the Operation Standards notwithstanding any potential conflicts of interest that may arise, including any relationship that the Project
Manager may have with any other owners of project sites that it manages. 
 SECTION 21. Removal or Substitution of Project Sites;
Additional Project Companies. If, during the Term of this Agreement, a Project Company assigns, disposes of or otherwise transfers all of its right, title and interest in and to any Project Site to a Person other than another Project Company,
the Indenture Trustee or a designee of the Indenture Trustee (whether pursuant to a taking under the power of eminent domain or otherwise) or otherwise ceases to have an interest in a Project Site, this Agreement shall terminate (as to that Project
Site only) on the date of such assignment or transfer or other event and the Obligors shall promptly deliver to the Project Manager (with a copy to the Indenture Trustee) an amended Schedule I reflecting the removal of such
Project Site from the scope of this Agreement. Upon the termination of this Agreement as to a particular Project Site, the Project Manager and the respective Project Company that owns such Project Site shall be released and discharged from all
liability hereunder with respect to such Project Site for the period from and after the applicable termination date (except for rights and obligations hereunder that are expressly stated to survive such termination). In addition, the Obligors may at
any time add any additional Project Site to Schedule I in connection with a substitution or property addition permitted under the terms of the NPPA and the other Transaction Documents. Upon such substitution or property
addition, the Obligors shall promptly deliver to the Project Manager (with a copy to the Indenture Trustee) an amended Schedule I reflecting the addition of such Project Sites. In addition, effective upon the accession to
the NPPA of an Additional Project Company, such Additional Project Company shall become a party hereto as an Additional Project Company and the related Project Site(s) of such Additional Project Company shall become Project Sites managed hereunder.
The Obligors shall promptly deliver to the Project Manager (with a copy to the Indenture Trustee) an amended Schedule I reflecting the addition of any such Project Sites, whereupon the Project Manager shall assume
responsibility for the performance of the Management Services hereunder with respect to such Project Sites and Administrative Services with respect to such Additional Project Company. 

SECTION 22. Term of Agreement. 

(a) Term. This Agreement shall be in effect during the period (the “Term”) commencing on the date hereof and ending at
5:00 P.M. (New York time) on the Expiration Date, unless sooner terminated in accordance with the provisions of this Section 22. The Expiration Date under this Agreement may be extended from time to time at the option
of the Co-Issuers, acting in its sole and absolute discretion, for successive two (2) year periods by written notice to that effect to the Project Manager from the
Co-Issuers delivered on or prior to the then-current Expiration Date (an “Extension Notice”). Upon delivery of an Extension Notice, the then-current Expiration Date shall be automatically
extended to the two (2) year anniversary of the then-current Expiration Date without any further action by any party. 

  
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 (b) Termination for Cause. The Co-Issuers or
the Indenture Trustee (if directed by the Required Holders) shall renew this Agreement, unless otherwise directed by the Indenture Trustee (if directed by the Required Holders) (and if any one or more of the following events shall have occurred and
be continuing, the Indenture Trustee shall so direct when directed by Required Holders), which direction may be given only following the occurrence of one or more of the following events: (i) declaration of an Event of Default, (ii) the Debt
Service Coverage Ratio falls to less than 1.10 to 1.0 as of the end of any calendar month and the Required Holders reasonably determine that such decline in the Debt Service Coverage Ratio is primarily attributable to acts or omissions of the
Project Manager rather than factors affecting the Obligors’ industry generally, (iii) the Project Manager has engaged in fraud, gross negligence or willful misconduct in connection with its performance hereunder or (iv) a default on
the part of the Project Manager in the performance of its obligations hereunder, and with respect to clause (iv), such default could reasonably be expected to have a Material Adverse Effect and remains unremedied for thirty (30) days
after the Project Manager receives written notice thereof from the Indenture Trustee or any Holder (provided, however, if such default is reasonably susceptible of cure, but not within such thirty (30) day period, then the Project
Manager may be permitted up to an additional ninety (90) days to cure such default provided that the Project Manager diligently and continuously pursues such cure). 

(c) Automatic Termination for Bankruptcy, Etc. If the Project Manager or any Obligor files a petition for bankruptcy, reorganization or
arrangement, or makes an assignment for the benefit of the creditors or takes advantage of any insolvency or similar law, or if a receiver or trustee is appointed for the assets or business of the Project Manager or any Obligor and is not discharged
within ninety (90) days after such appointment, then this Agreement shall terminate automatically; provided that if any such event shall occur with respect to less than all of the Obligors, then this Agreement will terminate solely with
respect to the Obligor or Obligors for which such event has occurred and the respective Project Sites owned, leased or managed by such Obligor(s). Upon the termination of this Agreement as to a particular Obligor, the Project Manager and such
Obligor shall be released and discharged from all liability hereunder for the period from and after the applicable termination date (except for rights and obligations hereunder that are expressly stated to survive any termination) and the Project
Manager shall have no further obligation to perform any Services for such Obligor or any Project Sites owned, leased or managed by such Obligor from and after such date. 

(d) Resignation by Project Manager. Unless and until the NPPA has terminated in accordance with its terms and after the payment in full
of the Notes and all other obligations due and owing thereunder and under the other Transaction Documents have been fully satisfied, the Project Manager shall not resign from the obligations and duties hereby imposed on it hereunder except upon
determination that (i) the performance of its duties hereunder is no longer permissible under applicable law and (ii) there is no reasonable action which can be taken to make the performance of its duties hereunder permissible under
applicable law. Any such determination under clause (d)(i) above permitting the resignation of the Project Manager shall be evidenced by an opinion of counsel (who is not an employee of the Project Manager) to such effect
delivered, and in form and substance reasonably satisfactory, to the Co-Issuers and the Indenture Trustee. 

  
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From and after the date on which the NPPA has terminated in accordance with its terms and after the payment in full of the Notes and all other obligations due and owing thereunder and under the
other Transaction Documents have been fully satisfied, the Project Manager shall have the right in its sole and absolute discretion, upon thirty (30) days prior written notice to the Co-Issuers and the
Indenture Trustee, to resign at any time from the obligations and duties hereby imposed on it. This Agreement shall terminate with respect to the resigning Project Manager on the effective date of any resignation of the Project Manager permitted
under this paragraph (d). 
 SECTION 23. Duties Upon Termination. Upon the expiration or termination of the
Term, the Project Manager shall have no further right to act for any Obligor or to draw checks on the Revenue Account(s) and shall promptly (i) furnish to the Co-Issuers or their designee or any
replacement Project Manager all keys, key cards or access codes required in order to obtain access to the Project Sites, (ii) deliver to the Co-Issuers or their designee or any replacement Project Manager
(x) all Gross Revenues received by the Project Companies after such termination or (y) any monies or reserves held by the Project Manager on behalf of the Indenture Trustee, (iii) deliver to the
Co-Issuers or their designee or any replacement Project Manager all books, files, abstracts, contracts, Project Documents, materials and supplies, Budgets and other Records relating to the Project Sites or the
performance of the Services and (iv) upon request, assign, transfer, or convey, as required, to the respective Obligors all service contracts and personal property relating to or used in the operation and maintenance of the Project Sites,
except any personal property which was paid for and is owned by the Project Manager. The Project Manager shall also, for a period of six (6) months after such expiration or termination, make itself available to consult with and advise the
Obligors and any replacement Project Manager regarding the operation and maintenance of the Project Sites or otherwise to facilitate an orderly transition of management to a new Project Manager of the Project Sites; provided, that during such
period, the Project Manager shall be entitled to be compensated by the Obligors for its out-of-pocket costs and expenses. Nothing in this
Section 23 shall prohibit the Project Manager, the Obligors or any of their respective Affiliates from retaining copies of any document or instrument delivered in accordance with clauses (i), (iii) or
(iv) above. This Section 23 shall survive the expiration or earlier termination of this Agreement (whether in whole or part). 

SECTION 24. [Reserved] 

SECTION 25. Indemnities. 

(a) Each of the Obligors agrees to, jointly and severally, indemnify, defend and hold the Project Manager (including, for the avoidance of
doubt, any replacement Project Manager) and its agents, officers and employees harmless from and against any and all suits, liabilities, damages, or claims (including any reasonable attorneys’ fees and other reasonable costs and expenses
relating to any such suits, liabilities or claims), in any way relating to the Project Sites, the Project Manager’s performance of the Services hereunder, or the exercise by the Project Manager of the powers or authorities herein or hereafter
granted to the Project Manager, except for those actions, omissions and breaches of Project Manager in relation to which the Project Manager has agreed to indemnify the Obligors pursuant to Section 25(b). 

  
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 (b) The Project Manager agrees to indemnify, defend and hold the Obligors harmless from and
against any and all suits, liabilities, damages, or claims for damages (including any reasonable attorneys’ fees and other reasonable costs and expenses relating to any such suits, liabilities or claims), in any way relating to (i) any
acts or omissions of the Project Manager or its agents, officers or employees in the performance of the Services hereunder constituting fraud, gross negligence or willful misconduct or (ii) any material breach of any representation or warranty
made by the Project Manager hereunder. If any legal action or other proceeding of any kind is brought for the enforcement of this Agreement or because of a default, misrepresentation, or any other dispute in connection with any provision of this
Agreement or the Services, the successful or prevailing party shall be entitled to recover all fees and other costs incurred in such action or proceeding, in addition to any other relief to which it may be entitled. 

(c) If any action or proceeding is brought against an Indemnified Party with respect to which indemnity may be sought under this
Section 25, the Indemnitor, upon written notice from the Indemnified Party, shall assume the investigation and defense thereof, including the employment of counsel and payment of all expenses. The Indemnified Party shall
have the right to employ separate counsel in any such action or proceeding and to participate in the defense thereof, but the Indemnitor shall not be required to pay the fees and expenses of such separate counsel unless such separate counsel is
employed with the written approval and consent of the Indemnitor, which shall not be unreasonably withheld or refused. 
 (d) The indemnities
in this Section 25 shall survive the expiration or termination of the Agreement. 
 SECTION 26.
Miscellaneous. 
 (a) Amendments. No amendment, supplement, waiver or other modification of this Agreement shall be effective
unless in writing and executed and delivered by the Project Manager and the Obligor sought to be bound thereby; provided that, until the NPPA has been terminated in accordance with its terms and payment in full of the Notes and all other
obligations due and owing thereunder and under the other Transaction Documents have been fully satisfied, any material amendment, supplement, waiver or other modification of this Agreement shall also require the consent of the Indenture Trustee
(acting at the direction of the Required Holders). Notwithstanding the foregoing or any other provision herein to the contrary, the Obligors and Project Manager may, with prior written notice to the Indenture Trustee and the Holders (but without the
consent of any Holders), enter into any amendment, waiver, or supplement hereto, if such amendment, waiver, or supplement shall not adversely affect or diminish the rights of any Holder in any material respect, including for the following purposes:
(i) to cure any ambiguity or cure, correct or supplement any defect or inconsistent provision hereof or any supplement hereto or thereto; (ii) to appoint any successor Project Manager in accordance with the terms hereof so long as any such
Person shall not be required to perform any duties or be exposed to any liabilities except as provided herein; and (iii) to provide for the joinder of any additional Obligor pursuant to the terms hereof. No failure by any party hereto to insist
on the strict performance of any obligation, covenant, agreement, term or condition of this Agreement, or to exercise any right or remedy available upon a breach of this Agreement, shall constitute a waiver of any of the terms of this Agreement. The
Project Manager shall not be bound by any amendment, supplement, or other modification to any other Transaction Document which is materially adverse to the Project Manager unless the Project Manager has consented thereto; however the Project
Manager’s consent shall not otherwise be required as a condition for any such amendment, supplement, or other modification to be effective for all other purposes. 

  
 19 

 (b) Notices. Any notice or other communication required or permitted hereunder shall
be in writing and may be delivered personally or by commercial overnight carrier, telecopied or mailed (postage prepaid via the US postal service) to the applicable party at the following address (or at such other address as the party may designate
in writing from time to time); provided, however, any such notice or communication shall be deemed to be delivered only when actually received by the party to whom it is addressed: 

 

					
		 	(1) To any Obligor:	  	 c/o LMRK Issuer Co. LLC
 400 Continental Blvd.,
Suite 500
 El Segundo, CA 90245
 Attention: George Doyle

 
 With copies to:

 
 Landmark Infrastructure Partners LP

400 Continental Blvd., Suite 500
 El Segundo, California 90245

Attention: Legal Department

			
		 	(2) To Project Manager:	  	 c/o Landmark Infrastructure Partners GP LLC
 400
Continental Blvd., Suite 500
 El Segundo, CA 90245
 Attention:
George Doyle
  
 With copies to:

 
 Landmark Infrastructure Partners LP

400 Continental Blvd., Suite 500
 El Segundo, California 90245

Attention: Legal Department

 (c) Assignment, Etc. The provisions of this Agreement shall be binding upon, and shall inure to the
benefit of, the parties hereto and their respective successors and permitted assigns. None of the rights, interests, duties, or obligations created by this Agreement may be assigned, transferred, or delegated in whole or in part by the Project
Manager or any Obligor, and any such purported assignment, transfer, or delegation shall be void; provided, however, that (i) the Obligors may assign this Agreement to the Indenture Trustee and grant a security interest in their
rights and interests hereunder pursuant to the Indenture and the other Transaction Documents, (ii) the Project Manager may, in accordance with paragraph (d) below, delegate any of its obligations hereunder to one or more Sub-Managers pursuant to one or more Sub-Management Agreements and (iii) the Project Manager may, in accordance with the Operation Standards, utilize the services of
third-party service providers, including Affiliates of the Project Manager, to perform all or any 

  
 20 

 
portion of its Services hereunder. Notwithstanding any such delegation or appointment of a third-party service provider, the Project Manager shall remain liable to the Obligors to the same extent
as if the Project Manager were performing the Services alone, and the Project Manager agrees that no additional compensation shall be required to be paid by the Obligors in connection with any such delegation or third-party service provider. The
Project Manager hereby acknowledges that all of the rights of the Obligors hereunder have been assigned to the Indenture Trustee as collateral security for the obligations under the NPPA and the other Transaction Documents. The Indenture Trustee is
an intended third party beneficiary of this Agreement. 
 (d) Sub-Management Agreements. 

(i) The Project Manager may enter into one or more sub-management agreements (each, a
“Sub-Management Agreement”) to provide for the performance by one or more third parties, including Affiliates of the Project Manager (each, a
“Sub-Manager”) of any or all of its obligations hereunder, provided that any Sub-Management Agreement shall expressly or effectively provide that
if the Project Manager shall for any reason no longer act in such capacity hereunder (including pursuant to Section 22(b)), any successor to the Project Manager hereunder may thereupon either assume all of the rights and,
except to the extent that they arose prior to the date of assumption, obligations of the Project Manager under such Sub-Management Agreement or alternatively, may terminate such rights and obligations, in
either case without cause and without payment of any penalty or termination fee. 
 (ii) The Project Manager shall monitor
the performance of its Sub-Managers under any Sub-Management Agreement. 

(iii) The Project Manager will be solely liable for all fees owed by it to any
Sub-Manager. Each Sub-Manager retained under the related Sub-Management Agreement will be reimbursed by the Project Manager for
certain expenditures which it makes, generally to the same extent that the Project Manager would be reimbursed hereunder. 
 (e) Entire
Agreement; Severability. This Agreement constitutes the entire agreement between the parties hereto, and no oral statements or prior written matter not specifically incorporated herein shall be of any force or effect. In the event any one or
more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected
or impaired thereby. 
 (f) Limitations on Liability. 

(i) Notwithstanding anything herein to the contrary, neither the Project Manager nor any member, manager, director, officer,
employee, shareholder or agent of the manager shall be under any liability to the Obligors or any other Person for any action taken, or not taken, in good faith pursuant to this Agreement, or for errors in judgment; provided, however,
that this provision shall not protect the Project Manager against any liability to the Obligors or the Indenture Trustee for the material breach of a representation or warranty made by the Project Manager herein or against any liability which would
otherwise be imposed on the Project Manager solely attributable to the Project Manager’s fraud, gross negligence or willful misconduct in the performance of the Services hereunder. 

  
 21 

 (ii) Notwithstanding anything herein to the contrary, no party will be
liable to any other for special, indirect, incidental, exemplary, consequential or punitive damages, or loss of profits, arising from the relationship of the parties or the conduct of business under, or breach of, this Agreement. 

(iii) Notwithstanding any other provision of this Agreement or any rights which the Project Manager might otherwise have at
law, in equity, or by statute, any liability of an Obligor to the Project Manager shall be satisfied only from such Obligor’s interest in the Project Sites, the Project Documents, the insurance policies and the proceeds thereof, and then only
to the extent that such Obligor has funds available to satisfy such liability in accordance with the Collateral Trust Indenture and the other Transaction Documents (any such available funds being hereinafter referred to as “Available
Funds”). In the event the Available Funds of an Obligor are insufficient to pay in full any such liabilities of an Obligor, the excess of such liabilities over such Available Funds shall not constitute a claim (as defined in the United
States Bankruptcy Code) against such Obligor unless and until a proceeding of the type described in Section 26(j) is commenced against such Obligor by a party other than the Project Manager or any of its Affiliates. 

(iv) No officer, director, employee, agent, shareholder, member, manager or Affiliate of any Obligor or the Project Manager
(except, in the case of an Obligor, for Affiliates that are also Obligors hereunder) shall in any manner be personally or individually liable for the obligations of any Obligor or the Project Manager hereunder or for any claim in any way related to
this Agreement or the performance of the Services. 
 (v) The provisions of this Section 26(f)
shall survive the expiration or earlier termination of this Agreement (whether in whole or in part). 
 (g) Governing Law; Submission to
Jurisdiction. 
 (i) THIS AGREEMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF
LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 
 (ii) EACH
PARTY IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE UNITED STATES FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK OR, IF SUCH FEDERAL COURTS DO NOT HAVE SUBJECT MATTER OR DIVERSITY JURISDICTION FOR A PARTICULAR PROCEEDING,
IN THE STATE COURTS SITTING IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR IN RELATION TO THIS AGREEMENT. 

  
 22 

 (h) Confidentiality. Any party succeeding to the duties of the Project Manager named
herein (a “Successor Manager”) agrees to keep confidential (and (a) to cause its respective officers, directors and employees to keep confidential and (b) to use its best efforts to cause its respective agents and
representatives to keep confidential) the Information (as defined below) and all copies thereof, extracts therefrom and analyses or other materials based thereon, except that such Successor Manager shall be permitted to disclose Information
(i) to the extent required by the Transaction Documents, (ii) as requested by the Rating Agencies, (iii) to the extent such Successor Manager reasonably determines disclosure is necessary or advisable to perform services contemplated
by this Agreement, (iv) the parties to the NPPA (and any supplement thereto) who are subject to the confidentiality provisions contained therein, (v) to actual or prospective Ground Lessees, (vi) if required to do so by any applicable
statute, law, rule or regulation, or in working with any taxing authorities or other governmental agencies, (vii) to any government agency or regulatory body having or claiming authority to regulate or oversee any aspects of such Successor
Manager’s business or that of its Affiliates, (viii) pursuant to any subpoena, civil investigative demand or similar demand or request of any court, regulatory authority, arbitrator or arbitration to which such Successor Manager or an
Affiliate or an officer, director, employer or shareholder thereof is a party, (ix) to any Affiliate, independent or internal auditor, agent, employee or attorney of such Successor Manager provided that the Project Manager advises such
recipient of the confidential nature of the Information being disclosed and obtains confirmation in such form as may be acceptable to the Project Manager to the effect that such Person will keep such Information confidential and (x) any other
disclosure authorized by such Successor Manager. For the purposes of this paragraph (h), the term “Information” shall mean the terms and provisions of this Agreement and all financial statements, certificates, reports, Records,
agreements and information (including the Project Documents and all analyses, compilations and studies based on any of the foregoing) that relate to the Project Sites or the Services, other than any of the foregoing that are or become publicly
available other than by a breach of the confidentiality provisions contained herein. 
 (i)
Co-Issuers as Agents. Each of the Obligors hereby appoints the Co-Issuers to serve as its representatives and agents to act, make decisions, and grant any
necessary consents or approvals hereunder, collectively, on behalf of such Obligor. Each Obligor hereby authorizes the Co-Issuers to take such action as agents on its behalf and to exercise such powers as are
delegated to the Co-Issuers by the terms hereof, together with such powers as are reasonably incidental thereto. 

(j) No Petition. Prior to the date that is one year and one day after the date on which the Indenture has been terminated in accordance
with its terms, all Obligations under the Indenture and under the other Transaction Documents have been fully satisfied, the Project Manager shall not institute, or join any other Person in instituting, or authorize a trustee or other Person acting
on its behalf or on behalf of others to institute, any bankruptcy, reorganization, arrangement, insolvency, liquidation or receivership proceedings under the laws of the United States of America or any state thereof against any Obligor or the
Guarantor. 
 (k) Headings. Section headings and the Table of Contents used herein are for convenience of reference only, are not part
of this Agreement and are not to effect the construction of, or to be taken into consideration in interpreting, this Agreement. 

  
 23 

 (l) Counterparts. This Agreement may be executed in any number of counterparts
(including by facsimile or other electronic means, including telecopy, email or otherwise), each of which when so executed shall be deemed to be an original, but all such respective counterparts shall together constitute but one and the same
instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic transmission (including, without limitation, via Portable Document Format or “PDF”) shall be as effective as delivery of a manually
executed counterpart hereof. 
 (m) Waiver of Jury Trial. EACH OF THE PARTIES HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

[SIGNATURE PAGES FOLLOW] 
  

  
 24 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first above written. 
  

							
	 Project Manager:

			
		 		 	LANDMARK INFRASTRUCTURE PARTNERS GP LLC
				
		 		 	By:	 	 /s/ George P. Doyle

		 		 		 	Name: George P. Doyle
		 		 		 	Title: Chief Financial Officer
	
	 Issuer and Obligor:

			
		 		 	LMRK ISSUER CO. LLC
				
		 		 	By:	 	 /s/ George P. Doyle

		 		 		 	Name: George P. Doyle
		 		 		 	Title: Chief Financial Officer
	
	 Co-Issuer and Obligor:

			
		 		 	2019-1 TRS LLC
				
		 		 	By:	 	 /s/ George P. Doyle

		 		 		 	Name: George P. Doyle
		 		 		 	Title: Chief Financial Officer
	
	 Original Project Companies and Obligors:

			
		 		 	LD ACQUISITION COMPANY 8 LLC
				
		 		 	By:	 	 /s/ George P. Doyle

		 		 		 	Name: George P. Doyle
		 		 		 	Title: Chief Financial Officer

 [Signature Page to Management Agreement] 

 
			
	LD ACQUISITION COMPANY 9 LLC
		
	By:	 	 /s/ George P. Doyle

		 	Name: George P. Doyle
		 	Title: Chief Financial Officer
	
	LD ACQUISITION COMPANY 10 LLC
		
	By:	 	 /s/ George P. Doyle

		 	Name: George P. Doyle
		 	Title: Chief Financial Officer
	
	LD TALL WALL II LLC
		
	By:	 	 /s/ George P. Doyle

		 	Name: George P. Doyle
		 	Title: Chief Financial Officer

 [Signature Page to Management Agreement] 

 SCHEDULE I 

PROJECT SITES 

[Attached] 

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 WT154503
	  	 [Redacted]
	  	 Tehachapi
	  	 CA
	  	[Redacted]
	 BB164934
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 BB165129
	  	 [Redacted] 
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC120898
	  	 [Redacted]
	  	 Killington
	  	 VT
	  	[Redacted]
	 SO165607
	  	 [Redacted]
	  	 Township of Florence
	  	 NJ
	  	[Redacted]
	 SO176304
	  	 [Redacted]
	  	 Ringoes
	  	 NJ
	  	[Redacted]
	 WT142965
	  	 [Redacted]
	  	 Kahuku
	  	 HI
	  	[Redacted]
	 BB176274
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC154165
	  	 [Redacted]
	  	 Olney
	  	 MD
	  	[Redacted]
	 SO154391
	  	 [Redacted]
	  	 Joliet
	  	 IL
	  	[Redacted]
	 SO154392
	  	 [Redacted]
	  	 West Chicago
	  	 IL
	  	[Redacted]
	 BB176297
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC143054
	  	 [Redacted]
	  	 Danville
	  	 CA
	  	[Redacted]
	 TC120932
	  	 [Redacted]
	  	 Manorville
	  	 NY
	  	[Redacted]
	 TC143803
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC154115
	  	 [Redacted]
	  	 Dallas
	  	 TX
	  	[Redacted]
	 TC132610
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC131995
	  	 [Redacted]
	  	 Orange Park
	  	 FL
	  	[Redacted]
	 TC132417
	  	 [Redacted]
	  	 New Hyde Park
	  	 NY
	  	[Redacted]
	 TC154202
	  	 [Redacted]
	  	 Manchester
	  	 NH
	  	[Redacted]
	 TC132351
	  	 [Redacted]
	  	 Saint Louis
	  	 MO
	  	[Redacted]
	 TC132306
	  	 [Redacted]
	  	 Lawrence
	  	 NY
	  	[Redacted]
	 TC153871
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC110530
	  	 [Redacted]
	  	 Melville
	  	 NY
	  	[Redacted]
	 TC120896
	  	 [Redacted]
	  	 Killington
	  	 VT
	  	[Redacted]
	 TC153922
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC110348
	  	 [Redacted]
	  	 Somerset
	  	 NJ
	  	[Redacted]
	 TC110349
	  	 [Redacted]
	  	 Somerset
	  	 NJ
	  	[Redacted]
	 TC143746
	  	 [Redacted]
	  	 Kingston
	  	 NY
	  	[Redacted]
	 TC154006
	  	 [Redacted]
	  	 North Miami Beach
	  	 FL
	  	[Redacted]
	 TC132013
	  	 [Redacted]
	  	 Boulder
	  	 CO
	  	[Redacted]
	 TC110567
	  	 [Redacted]
	  	 Willamette Meridian
	  	 OR
	  	[Redacted]
	 TC121843
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC110550
	  	 [Redacted]
	  	 Las Vegas
	  	 NV
	  	[Redacted]
	 TC153938
	  	 [Redacted]
	  	 Largo
	  	 FL
	  	[Redacted]
	 TC143062
	  	 [Redacted]
	  	 Danville
	  	 CA
	  	[Redacted]
	 TC143057
	  	 [Redacted]
	  	 Danville
	  	 CA
	  	[Redacted]
	 TC120941
	  	 [Redacted]
	  	 Northridge
	  	 CA
	  	[Redacted]
	 TC120671
	  	 [Redacted]
	  	 Cherry Hill
	  	 NJ
	  	[Redacted]
	 TC131968
	  	 [Redacted]
	  	 Miami
	  	 FL
	  	[Redacted]
	 TC110531
	  	 [Redacted]
	  	 Melville
	  	 NY
	  	[Redacted]
	 TC120892
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC120747
	  	 [Redacted]
	  	 Jersey City
	  	 NJ
	  	[Redacted]
	 TC153843
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC121734
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC120985
	  	 [Redacted]
	  	 Lake Mary
	  	 FL
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC142935
	  	 [Redacted]
	  	 San Pedro
	  	 CA
	  	[Redacted]
	 TC121097
	  	 [Redacted]
	  	 Stonington
	  	 CT
	  	[Redacted]
	 TC121696
	  	 [Redacted]
	  	 Klamath Falls
	  	 OR
	  	[Redacted]
	 TC120653
	  	 [Redacted]
	  	 Lakeside
	  	 CA
	  	[Redacted]
	 TC153815
	  	 [Redacted]
	  	 Union City
	  	 NJ
	  	[Redacted]
	 TC110569
	  	 [Redacted]
	  	 Willamette Meridian
	  	 OR
	  	[Redacted]
	 TC121875
	  	 [Redacted]
	  	 Hertford
	  	 NC
	  	[Redacted]
	 TC153852
	  	 [Redacted]
	  	 La Puente
	  	 CA
	  	[Redacted]
	 TC121859
	  	 [Redacted]
	  	 Colorado Springs
	  	 CO
	  	[Redacted]
	 TC132347
	  	 [Redacted]
	  	 Brighton
	  	 MA
	  	[Redacted]
	 TC143747
	  	 [Redacted]
	  	 Kingston
	  	 NY
	  	[Redacted]
	 TC132609
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC143706
	  	 [Redacted]
	  	 El Cerrito
	  	 CA
	  	[Redacted]
	 TC121866
	  	 [Redacted]
	  	 Immokalee
	  	 FL
	  	[Redacted]
	 TC142859
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC110568
	  	 [Redacted]
	  	 Willamette Meridian
	  	 OR
	  	[Redacted]
	 TC132326
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC132194
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC110433
	  	 [Redacted]
	  	 Arleta
	  	 CA
	  	[Redacted]
	 TC153923
	  	 [Redacted]
	  	 Palisades Park
	  	 NJ
	  	[Redacted]
	 TC110400
	  	 [Redacted]
	  	 Hialeah
	  	 FL
	  	[Redacted]
	 TC110556
	  	 [Redacted]
	  	 Sun City
	  	 CA
	  	[Redacted]
	 TC143083
	  	 [Redacted]
	  	 Parsippany
	  	 NJ
	  	[Redacted]
	 TC120818
	  	 [Redacted]
	  	 Zion
	  	 IL
	  	[Redacted]
	 TC121842
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC110557
	  	 [Redacted]
	  	 Sun City
	  	 CA
	  	[Redacted]
	 TC132213
	  	 [Redacted]
	  	 Springfield
	  	 MA
	  	[Redacted]
	 TC131990
	  	 [Redacted]
	  	 Union City
	  	 NJ
	  	[Redacted]
	 TC110376
	  	 [Redacted]
	  	 Bristol
	  	 CT
	  	[Redacted]
	 TC142856
	  	 [Redacted]
	  	 Rancho Mirage
	  	 CA
	  	[Redacted]
	 TC120893
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC154029
	  	 [Redacted]
	  	 Englewood
	  	 CO
	  	[Redacted]
	 TC132486
	  	 [Redacted]
	  	 Southington
	  	 CT
	  	[Redacted]
	 TC131958
	  	 [Redacted]
	  	 Gainesville
	  	 FL
	  	[Redacted]
	 TC153936
	  	 [Redacted]
	  	 Largo
	  	 FL
	  	[Redacted]
	 TC143702
	  	 [Redacted]
	  	 Pleasanton
	  	 CA
	  	[Redacted]
	 TC120920
	  	 [Redacted]
	  	 Bridgeton
	  	 NJ
	  	[Redacted]
	 TC132173
	  	 [Redacted]
	  	 Jersey City
	  	 NJ
	  	[Redacted]
	 TC121007
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC132308
	  	 [Redacted]
	  	 Lawrence
	  	 NY
	  	[Redacted]
	 TC120784
	  	 [Redacted]
	  	 Miami
	  	 FL
	  	[Redacted]
	 TC143084
	  	 [Redacted]
	  	 Parsippany
	  	 NJ
	  	[Redacted]
	 TC154032
	  	 [Redacted]
	  	 Winnetka
	  	 CA
	  	[Redacted]
	 TC120988
	  	 [Redacted]
	  	 Lakewood
	  	 NJ
	  	[Redacted]
	 TC153869
	  	 [Redacted]
	  	 Hollywood
	  	 FL
	  	[Redacted]
	 TC110413
	  	 [Redacted]
	  	 Hackettstown
	  	 NJ
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC132750
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC153925
	  	 [Redacted]
	  	 Palisades Park
	  	 NJ
	  	[Redacted]
	 TC132824
	  	 [Redacted]
	  	 Tacoma
	  	 WA
	  	[Redacted]
	 TC153870
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC143259
	  	 [Redacted]
	  	 Interlaken
	  	 NY
	  	[Redacted]
	 TC165006
	  	 [Redacted]
	  	 Syracuse
	  	 NY
	  	[Redacted]
	 TC121065
	  	 [Redacted]
	  	 San Diego
	  	 CA
	  	[Redacted]
	 TC121768
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]
	 TC153860
	  	 [Redacted]
	  	 Waterbury
	  	 CT
	  	[Redacted]
	 TC132248
	  	 [Redacted]
	  	 Napa
	  	 CA
	  	[Redacted]
	 TC110418
	  	 [Redacted]
	  	 Sevierville
	  	 TN
	  	[Redacted]
	 TC121034
	  	 [Redacted]
	  	 Owosso
	  	 MI
	  	[Redacted]
	 TC153809
	  	 [Redacted]
	  	 Ridgefield
	  	 NJ
	  	[Redacted]
	 TC121689
	  	 [Redacted]
	  	 Orange
	  	 NJ
	  	[Redacted]
	 TC154030
	  	 [Redacted]
	  	 Colorado Springs
	  	 CO
	  	[Redacted]
	 TC121036
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC120939
	  	 [Redacted]
	  	 Northridge
	  	 CA
	  	[Redacted]
	 TC120922
	  	 [Redacted]
	  	 Greeley
	  	 CO
	  	[Redacted]
	 TC154005
	  	 [Redacted]
	  	 North Miami Beach
	  	 FL
	  	[Redacted]
	 TC120894
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC153886
	  	 [Redacted]
	  	 Saint Joseph
	  	 MI
	  	[Redacted]
	 TC153931
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC100081
	  	 [Redacted]
	  	 Paterson
	  	 NJ
	  	[Redacted]
	 TC132006
	  	 [Redacted]
	  	 Worcester
	  	 MA
	  	[Redacted]
	 TC143800
	  	 [Redacted]
	  	 Hartland
	  	 WI
	  	[Redacted]
	 TC154130
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC121072
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC121070
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC153984
	  	 [Redacted]
	  	 Santa Rosa
	  	 CA
	  	[Redacted]
	 TC121810
	  	 [Redacted]
	  	 Bartlett
	  	 NH
	  	[Redacted]
	 TC143196
	  	 [Redacted]
	  	 Panorama City
	  	 CA
	  	[Redacted]
	 TC143637
	  	 [Redacted]
	  	 Draper
	  	 UT
	  	[Redacted]
	 TC120942
	  	 [Redacted]
	  	 South Richmond Hill
	  	 NY
	  	[Redacted]
	 TC153890
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC110377
	  	 [Redacted]
	  	 Bristol
	  	 CT
	  	[Redacted]
	 TC121735
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC153932
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC132702
	  	 [Redacted]
	  	 Dorchester
	  	 MA
	  	[Redacted]
	 TC110363
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC121025
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC132009
	  	 [Redacted]
	  	 Worcester
	  	 MA
	  	[Redacted]
	 TC121760
	  	 [Redacted]
	  	 Harvard
	  	 IL
	  	[Redacted]
	 TC132066
	  	 [Redacted]
	  	 West Palm Beach
	  	 FL
	  	[Redacted]
	 TC110505
	  	 [Redacted]
	  	 Torrance
	  	 CA
	  	[Redacted]
	 TC131969
	  	 [Redacted]
	  	 McDonough
	  	 GA
	  	[Redacted]
	 TC121071
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC121066
	  	 [Redacted]
	  	 Franklin
	  	 NJ
	  	[Redacted]
	 TC132052
	  	 [Redacted]
	  	 Burnham
	  	 IL
	  	[Redacted]
	 TC132588
	  	 [Redacted]
	  	 Columbus
	  	 GA
	  	[Redacted]
	 TC110311
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC132687
	  	 [Redacted]
	  	 Bayonne
	  	 NJ
	  	[Redacted]
	 TC110374
	  	 [Redacted]
	  	 Bristol
	  	 CT
	  	[Redacted]
	 TC110560
	  	 [Redacted]
	  	 Hartford
	  	 CT
	  	[Redacted]
	 TC132286
	  	 [Redacted]
	  	 Burbank
	  	 IL
	  	[Redacted]
	 TC154106
	  	 [Redacted]
	  	 Webster Groves
	  	 MO
	  	[Redacted]
	 TC110499
	  	 [Redacted]
	  	 Fountain Hills
	  	 AZ
	  	[Redacted]
	 TC132031
	  	 [Redacted]
	  	 Cutler
	  	 CA
	  	[Redacted]
	 TC154056
	  	 [Redacted]
	  	 Schenectady
	  	 NY
	  	[Redacted]
	 TC143115
	  	 [Redacted]
	  	 Santa Rosa
	  	 CA
	  	[Redacted]
	 TC110588
	  	 [Redacted]
	  	 East Orange
	  	 NJ
	  	[Redacted]
	 TC154058
	  	 [Redacted]
	  	 Schenectady
	  	 NY
	  	[Redacted]
	 TC131959
	  	 [Redacted]
	  	 Warner
	  	 OK
	  	[Redacted]
	 TC132223
	  	 [Redacted]
	  	 Washington
	  	 DC
	  	[Redacted]
	 TC142936
	  	 [Redacted]
	  	 San Pedro
	  	 CA
	  	[Redacted]
	 TC143116
	  	 [Redacted]
	  	 Santa Rosa
	  	 CA
	  	[Redacted]
	 TC120817
	  	 [Redacted]
	  	 Zion
	  	 IL
	  	[Redacted]
	 TC153808
	  	 [Redacted]
	  	 Ridgefield
	  	 NJ
	  	[Redacted]
	 TC154144
	  	 [Redacted]
	  	 Spring Valley
	  	 NY
	  	[Redacted]
	 TC153924
	  	 [Redacted]
	  	 Palisades Park
	  	 NJ
	  	[Redacted]
	 TC110359
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC121683
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC154063
	  	 [Redacted]
	  	 Deland
	  	 FL
	  	[Redacted]
	 TC110558
	  	 [Redacted]
	  	 Sun City
	  	 CA
	  	[Redacted]
	 TC153873
	  	 [Redacted]
	  	 Schiller Park
	  	 IL
	  	[Redacted]
	 TC143677
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC131938
	  	 [Redacted]
	  	 Sparks
	  	 NV
	  	[Redacted]
	 TC110591
	  	 [Redacted]
	  	 East Orange
	  	 NJ
	  	[Redacted]
	 TC132803
	  	 [Redacted]
	  	 San Martin
	  	 CA
	  	[Redacted]
	 TC132312
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC120736
	  	 [Redacted]
	  	 Elizabeth
	  	 NJ
	  	[Redacted]
	 TC132249
	  	 [Redacted]
	  	 Temple City
	  	 CA
	  	[Redacted]
	 TC121081
	  	 [Redacted]
	  	 La Grande
	  	 OR
	  	[Redacted]
	 TC121876
	  	 [Redacted]
	  	 Hertford
	  	 NC
	  	[Redacted]
	 TC132282
	  	 [Redacted]
	  	 Willingboro
	  	 NJ
	  	[Redacted]
	 TC132206
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC110586
	  	 [Redacted]
	  	 Signal Hill
	  	 CA
	  	[Redacted]
	 TC121102
	  	 [Redacted]
	  	 Allouez
	  	 WI
	  	[Redacted]
	 TC132219
	  	 [Redacted]
	  	 Macomb
	  	 MI
	  	[Redacted]
	 TC153891
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC154068
	  	 [Redacted]
	  	 Lake Forest
	  	 CA
	  	[Redacted]
	 TC132212
	  	 [Redacted]
	  	 Springfield
	  	 MA
	  	[Redacted]
	 TC143114
	  	 [Redacted]
	  	 Santa Rosa
	  	 CA
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC131936
	  	 [Redacted]
	  	 East Orange
	  	 NJ
	  	[Redacted]
	 TC132296
	  	 [Redacted]
	  	 Burbank
	  	 IL
	  	[Redacted]
	 TC110489
	  	 [Redacted]
	  	 Floral Park
	  	 NY
	  	[Redacted]
	 TC110596
	  	 [Redacted]
	  	 Natick
	  	 MA
	  	[Redacted]
	 TC143672
	  	 [Redacted]
	  	 Laporte
	  	 CO
	  	[Redacted]
	 TC121811
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC121098
	  	 [Redacted]
	  	 Stonington
	  	 CT
	  	[Redacted]
	 TC132443
	  	 [Redacted]
	  	 Jersey City
	  	 NJ
	  	[Redacted]
	 TC131943
	  	 [Redacted]
	  	 Kansas City
	  	 MO
	  	[Redacted]
	 TC143110
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC143117
	  	 [Redacted]
	  	 Santa Rosa
	  	 CA
	  	[Redacted]
	 TC121755
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC132309
	  	 [Redacted]
	  	 Lawrence
	  	 NY
	  	[Redacted]
	 TC154026
	  	 [Redacted]
	  	 Aurora
	  	 CO
	  	[Redacted]
	 TC154028
	  	 [Redacted]
	  	 Englewood
	  	 CO
	  	[Redacted]
	 TC121076
	  	 [Redacted]
	  	 Palmdale
	  	 CA
	  	[Redacted]
	 TC121080
	  	 [Redacted]
	  	 La Grande
	  	 OR
	  	[Redacted]
	 TC143760
	  	 [Redacted]
	  	 Woodbridge
	  	 VA
	  	[Redacted]
	 TC153812
	  	 [Redacted]
	  	 Bergenfield
	  	 NJ
	  	[Redacted]
	 TC154089
	  	 [Redacted]
	  	 Butler
	  	 MD
	  	[Redacted]
	 TC120822
	  	 [Redacted]
	  	 Rochelle
	  	 IL
	  	[Redacted]
	 TC132507
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC132211
	  	 [Redacted]
	  	 Springfield
	  	 MA
	  	[Redacted]
	 TC132216
	  	 [Redacted]
	  	 Franklin
	  	 MA
	  	[Redacted]
	 TC121792
	  	 [Redacted]
	  	 Wheeling
	  	 IL
	  	[Redacted]
	 TC154126
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC143774
	  	 [Redacted]
	  	 Peoria
	  	 IL
	  	[Redacted]
	 TC120957
	  	 [Redacted]
	  	 Peoria
	  	 AZ
	  	[Redacted]
	 TC154132
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC154057
	  	 [Redacted]
	  	 Schenectady
	  	 NY
	  	[Redacted]
	 TC132445
	  	 [Redacted]
	  	 West New York
	  	 NJ
	  	[Redacted]
	 TC121785
	  	 [Redacted]
	  	 Bartlett
	  	 NH
	  	[Redacted]
	 TC154091
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC121747
	  	 [Redacted]
	  	 Olathe
	  	 KS
	  	[Redacted]
	 TC132415
	  	 [Redacted]
	  	 New Hyde Park
	  	 NY
	  	[Redacted]
	 TC120958
	  	 [Redacted]
	  	 Peoria
	  	 AZ
	  	[Redacted]
	 TC120785
	  	 [Redacted]
	  	 Miami
	  	 FL
	  	[Redacted]
	 TC154017
	  	 [Redacted]
	  	 Rockford
	  	 IL
	  	[Redacted]
	 TC154103
	  	 [Redacted]
	  	 Las Vegas
	  	 NV
	  	[Redacted]
	 TC154273
	  	 [Redacted]
	  	 Milwaukee
	  	 WI
	  	[Redacted]
	 TC153813
	  	 [Redacted]
	  	 Fairview
	  	 NJ
	  	[Redacted]
	 TC153933
	  	 [Redacted]
	  	 Jacksonville
	  	 FL
	  	[Redacted]
	 TC121722
	  	 [Redacted]
	  	 Peoria
	  	 IL
	  	[Redacted]
	 TC153916
	  	 [Redacted]
	  	 Vernon
	  	 CA
	  	[Redacted]
	 TC154078
	  	 [Redacted]
	  	 Aurora
	  	 CO
	  	[Redacted]
	 TC110496
	  	 [Redacted]
	  	 Saugus
	  	 MA
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC110470
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC110139
	  	 [Redacted]
	  	 Lowell
	  	 MA
	  	[Redacted]
	 TC120764
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC132008
	  	 [Redacted]
	  	 Worcester
	  	 MA
	  	[Redacted]
	 TC132018
	  	 [Redacted]
	  	 Stockton
	  	 CA
	  	[Redacted]
	 TC153861
	  	 [Redacted]
	  	 Waterbury
	  	 CT
	  	[Redacted]
	 TC110589
	  	 [Redacted]
	  	 East Orange
	  	 NJ
	  	[Redacted]
	 TC132372
	  	 [Redacted]
	  	 Rancho Cucamonga
	  	 CA
	  	[Redacted]
	 TC154035
	  	 [Redacted]
	  	 Orange
	  	 NJ
	  	[Redacted]
	 TC154111
	  	 [Redacted]
	  	 Escondido
	  	 CA
	  	[Redacted]
	 TC120951
	  	 [Redacted]
	  	 Oakdale
	  	 MN
	  	[Redacted]
	 TC132352
	  	 [Redacted]
	  	 Walnut
	  	 CA
	  	[Redacted]
	 TC142971
	  	 [Redacted]
	  	 Orlando
	  	 FL
	  	[Redacted]
	 TC110481
	  	 [Redacted]
	  	 Lombard
	  	 IL
	  	[Redacted]
	 TC121750
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC121690
	  	 [Redacted]
	  	 Littleton
	  	 CO
	  	[Redacted]
	 TC143773
	  	 [Redacted]
	  	 Peoria
	  	 IL
	  	[Redacted]
	 TC143791
	  	 [Redacted]
	  	 Trenton
	  	 NJ
	  	[Redacted]
	 TC110326
	  	 [Redacted]
	  	 Vista
	  	 CA
	  	[Redacted]
	 TC132221
	  	 [Redacted]
	  	 Macomb
	  	 MI
	  	[Redacted]
	 TC153814
	  	 [Redacted]
	  	 West New York
	  	 NJ
	  	[Redacted]
	 TC153943
	  	 [Redacted]
	  	 Brentwood
	  	 NY
	  	[Redacted]
	 TC153875
	  	 [Redacted]
	  	 San Jose
	  	 CA
	  	[Redacted]
	 TC121697
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC154079
	  	 [Redacted]
	  	 NORTH MIAMI
	  	 FL
	  	[Redacted]
	 TC120973
	  	 [Redacted]
	  	 Antioch
	  	 IL
	  	[Redacted]
	 TC154024
	  	 [Redacted]
	  	 Myrtle Beach
	  	 SC
	  	[Redacted]
	 TC132178
	  	 [Redacted]
	  	 Paterson
	  	 NJ
	  	[Redacted]
	 TC121727
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC121817
	  	 [Redacted]
	  	 Sacramento
	  	 CA
	  	[Redacted]
	 TC132028
	  	 [Redacted]
	  	 Willcox
	  	 AZ
	  	[Redacted]
	 TC110436
	  	 [Redacted]
	  	 McKinney
	  	 TX
	  	[Redacted]
	 TC121687
	  	 [Redacted]
	  	 Clifton
	  	 NJ
	  	[Redacted]
	 TC154164
	  	 [Redacted]
	  	 Detroit
	  	 MI
	  	[Redacted]
	 TC131979
	  	 [Redacted]
	  	 Winchester
	  	 CA
	  	[Redacted]
	 TC121096
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC110528
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC131976
	  	 [Redacted]
	  	 Waukegan
	  	 IL
	  	[Redacted]
	 TC132307
	  	 [Redacted]
	  	 Lawrence
	  	 NY
	  	[Redacted]
	 TC110597
	  	 [Redacted]
	  	 Natick
	  	 MA
	  	[Redacted]
	 TC121000
	  	 [Redacted]
	  	 Haltom City
	  	 TX
	  	[Redacted]
	 TC153811
	  	 [Redacted]
	  	 Bergenfield
	  	 NJ
	  	[Redacted]
	 TC153937
	  	 [Redacted]
	  	 Largo
	  	 FL
	  	[Redacted]
	 TC154104
	  	 [Redacted]
	  	 Boyne Falls
	  	 MI
	  	[Redacted]
	 TC120925
	  	 [Redacted]
	  	 Santa Fe
	  	 NM
	  	[Redacted]
	 TC110527
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC121793
	  	 [Redacted]
	  	 Wheeling
	  	 IL
	  	[Redacted]
	 TC110325
	  	 [Redacted]
	  	 Vista
	  	 CA
	  	[Redacted]
	 TC110395
	  	 [Redacted]
	  	 Dallas
	  	 TX
	  	[Redacted]
	 TC143043
	  	 [Redacted]
	  	 Ellisville
	  	 MO
	  	[Redacted]
	 TC120742
	  	 [Redacted]
	  	 Ukiah
	  	 CA
	  	[Redacted]
	 TC143017
	  	 [Redacted]
	  	 Adairsville
	  	 GA
	  	[Redacted]
	 TC120803
	  	 [Redacted]
	  	 Atlanta
	  	 GA
	  	[Redacted]
	 TC110432
	  	 [Redacted]
	  	 Arleta
	  	 CA
	  	[Redacted]
	 TC153889
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC154316
	  	 [Redacted]
	  	 Horn Lake
	  	 MS
	  	[Redacted]
	 TC120967
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC153887
	  	 [Redacted]
	  	 Houston
	  	 TX
	  	[Redacted]
	 TC143717
	  	 [Redacted]
	  	 Riverside
	  	 CA
	  	[Redacted]
	 TC121082
	  	 [Redacted]
	  	 La Grande
	  	 OR
	  	[Redacted]
	 TC132285
	  	 [Redacted]
	  	 Burbank
	  	 IL
	  	[Redacted]
	 TC120944
	  	 [Redacted]
	  	 Bend
	  	 OR
	  	[Redacted]
	 TC120708
	  	 [Redacted]
	  	 Watkins
	  	 CO
	  	[Redacted]
	 TC153895
	  	 [Redacted]
	  	 Woodbridge
	  	 VA
	  	[Redacted]
	 TC153934
	  	 [Redacted]
	  	 Mary Esther
	  	 FL
	  	[Redacted]
	 TC143386
	  	 [Redacted]
	  	 Orlando
	  	 FL
	  	[Redacted]
	 TC154114
	  	 [Redacted]
	  	 Tampa
	  	 FL
	  	[Redacted]
	 TC131989
	  	 [Redacted]
	  	 College Point
	  	 NY
	  	[Redacted]
	 TC120807
	  	 [Redacted]
	  	 Apex
	  	 NC
	  	[Redacted]
	 TC121004
	  	 [Redacted]
	  	 Troy
	  	 OH
	  	[Redacted]
	 TC132179
	  	 [Redacted]
	  	 Paterson
	  	 NJ
	  	[Redacted]
	 TC121858
	  	 [Redacted]
	  	 New Orleans
	  	 LA
	  	[Redacted]
	 TC120987
	  	 [Redacted]
	  	 Jacksonville
	  	 FL
	  	[Redacted]
	 TC121067
	  	 [Redacted]
	  	 Franklin
	  	 NJ
	  	[Redacted]
	 TC132397
	  	 [Redacted]
	  	 Kissimmee
	  	 FL
	  	[Redacted]
	 TC154059
	  	 [Redacted]
	  	 Schenectady
	  	 NY
	  	[Redacted]
	 TC120630
	  	 [Redacted]
	  	 San Bernardino
	  	 CA
	  	[Redacted]
	 TC132287
	  	 [Redacted]
	  	 Paterson
	  	 NJ
	  	[Redacted]
	 TC143683
	  	 [Redacted]
	  	 Sacramento
	  	 CA
	  	[Redacted]
	 TC121688
	  	 [Redacted]
	  	 Rutherford
	  	 NJ
	  	[Redacted]
	 TC143670
	  	 [Redacted]
	  	 Laporte
	  	 CO
	  	[Redacted]
	 TC131898
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC121869
	  	 [Redacted]
	  	 Jefferson
	  	 OR
	  	[Redacted]
	 TC121863
	  	 [Redacted]
	  	 Gaylordsville
	  	 CT
	  	[Redacted]
	 TC132338
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC120751
	  	 [Redacted]
	  	 Carson
	  	 CA
	  	[Redacted]
	 TC121878
	  	 [Redacted]
	  	 Eagle Mountain
	  	 UT
	  	[Redacted]
	 TC132210
	  	 [Redacted]
	  	 Springfield
	  	 MA
	  	[Redacted]
	 TC143722
	  	 [Redacted]
	  	 Albuquerque
	  	 NM
	  	[Redacted]
	 TC143776
	  	 [Redacted]
	  	 Shorewood
	  	 WI
	  	[Redacted]
	 TC142975
	  	 [Redacted]
	  	 Weston
	  	 FL
	  	[Redacted]
	 TC131905
	  	 [Redacted]
	  	 Loris
	  	 SC
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC120940
	  	 [Redacted]
	  	 Northridge
	  	 CA
	  	[Redacted]
	 TC121786
	  	 [Redacted]
	  	 Vancouver
	  	 WA
	  	[Redacted]
	 TC120924
	  	 [Redacted]
	  	 Saranac Lake
	  	 NY
	  	[Redacted]
	 TC132125
	  	 [Redacted]
	  	 Santa Maria
	  	 CA
	  	[Redacted]
	 TC142911
	  	 [Redacted]
	  	 Independence
	  	 KS
	  	[Redacted]
	 TC143232
	  	 [Redacted]
	  	 Fairborn
	  	 OH
	  	[Redacted]
	 TC143109
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC132302
	  	 [Redacted]
	  	 Conway
	  	 AR
	  	[Redacted]
	 TC120935
	  	 [Redacted]
	  	 Big Bear Lake
	  	 CA
	  	[Redacted]
	 TC132017
	  	 [Redacted]
	  	 Stockton
	  	 CA
	  	[Redacted]
	 TC153950
	  	 [Redacted]
	  	 New Orleans
	  	 LA
	  	[Redacted]
	 TC120773
	  	 [Redacted]
	  	 Tombstone
	  	 AZ
	  	[Redacted]
	 TC154033
	  	 [Redacted]
	  	 Appleton
	  	 WI
	  	[Redacted]
	 TC154449
	  	 [Redacted]
	  	 Houston
	  	 TX
	  	[Redacted]
	 TC120752
	  	 [Redacted]
	  	 Carson
	  	 CA
	  	[Redacted]
	 TC154031
	  	 [Redacted]
	  	 San Jose
	  	 CA
	  	[Redacted]
	 TC131978
	  	 [Redacted]
	  	 Winchester
	  	 CA
	  	[Redacted]
	 TC154015
	  	 [Redacted]
	  	 Bronx
	  	 NY
	  	[Redacted]
	 TC110237
	  	 [Redacted]
	  	 Bennett
	  	 CO
	  	[Redacted]
	 TC153992
	  	 [Redacted]
	  	 Hesperia
	  	 CA
	  	[Redacted]
	 TC120989
	  	 [Redacted]
	  	 Lakewood
	  	 NJ
	  	[Redacted]
	 TC121700
	  	 [Redacted]
	  	 Tulsa
	  	 OK
	  	[Redacted]
	 TC110455
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC120933
	  	 [Redacted]
	  	 Manorville
	  	 NY
	  	[Redacted]
	 TC153945
	  	 [Redacted]
	  	 Columbia
	  	 MO
	  	[Redacted]
	 TC120948
	  	 [Redacted]
	  	 Pittsburgh
	  	 PA
	  	[Redacted]
	 TC120631
	  	 [Redacted]
	  	 San Bernardino
	  	 CA
	  	[Redacted]
	 TC154288
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC110504
	  	 [Redacted]
	  	 Torrance
	  	 CA
	  	[Redacted]
	 TC120970
	  	 [Redacted]
	  	 Pittston
	  	 PA
	  	[Redacted]
	 TC120921
	  	 [Redacted]
	  	 Greeley
	  	 CO
	  	[Redacted]
	 TC142973
	  	 [Redacted]
	  	 Orlando
	  	 FL
	  	[Redacted]
	 TC121794
	  	 [Redacted]
	  	 Wheeling
	  	 IL
	  	[Redacted]
	 TC120993
	  	 [Redacted]
	  	 Owosso
	  	 MI
	  	[Redacted]
	 TC154016
	  	 [Redacted]
	  	 Burlington
	  	 KY
	  	[Redacted]
	 TC142985
	  	 [Redacted]
	  	 Tulsa
	  	 OK
	  	[Redacted]
	 TC110360
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC110448
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC132340
	  	 [Redacted]
	  	 Darien
	  	 GA
	  	[Redacted]
	 TC121703
	  	 [Redacted]
	  	 Tulsa
	  	 OK
	  	[Redacted]
	 TC120930
	  	 [Redacted]
	  	 Manorville
	  	 NY
	  	[Redacted]
	 TC132167
	  	 [Redacted]
	  	 Sherwood
	  	 OR
	  	[Redacted]
	 TC132217
	  	 [Redacted]
	  	 Wyoming
	  	 MI
	  	[Redacted]
	 TC110600
	  	 [Redacted]
	  	 Natick
	  	 MA
	  	[Redacted]
	 TC121745
	  	 [Redacted]
	  	 Olathe
	  	 KS
	  	[Redacted]
	 TC121741
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC142972
	  	 [Redacted]
	  	 Orlando
	  	 FL
	  	[Redacted]
	 TC121883
	  	 [Redacted]
	  	 Crawford
	  	 TX
	  	[Redacted]
	 TC121710
	  	 [Redacted]
	  	 South Gate
	  	 CA
	  	[Redacted]
	 TC132541
	  	 [Redacted]
	  	 Olathe
	  	 KS
	  	[Redacted]
	 TC131980
	  	 [Redacted]
	  	 Winchester
	  	 CA
	  	[Redacted]
	 TC120707
	  	 [Redacted]
	  	 Watkins
	  	 CO
	  	[Redacted]
	 TC154107
	  	 [Redacted]
	  	 Grayslake
	  	 IL
	  	[Redacted]
	 TC120660
	  	 [Redacted]
	  	 Boynton Beach
	  	 FL
	  	[Redacted]
	 TC154287
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC132283
	  	 [Redacted]
	  	 Sarasota
	  	 FL
	  	[Redacted]
	 TC154161
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC120780
	  	 [Redacted]
	  	 Midlothian
	  	 IL
	  	[Redacted]
	 TC132182
	  	 [Redacted]
	  	 Warrenton
	  	 MO
	  	[Redacted]
	 TC120931
	  	 [Redacted]
	  	 Manorville
	  	 NY
	  	[Redacted]
	 TC143635
	  	 [Redacted]
	  	 Milwaukee
	  	 WI
	  	[Redacted]
	 TC121104
	  	 [Redacted]
	  	 New Braunfels
	  	 TX
	  	[Redacted]
	 TC110454
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC154272
	  	 [Redacted]
	  	 Milwaukee
	  	 WI
	  	[Redacted]
	 TC110555
	  	 [Redacted]
	  	 Pasadena
	  	 CA
	  	[Redacted]
	 TC132250
	  	 [Redacted]
	  	 Temple City
	  	 CA
	  	[Redacted]
	 TC132821
	  	 [Redacted]
	  	 Provo
	  	 UT
	  	[Redacted]
	 TC153864
	  	 [Redacted]
	  	 Maple Heights
	  	 OH
	  	[Redacted]
	 TC120820
	  	 [Redacted]
	  	 New Braunfels
	  	 TX
	  	[Redacted]
	 TC121746
	  	 [Redacted]
	  	 Olathe
	  	 KS
	  	[Redacted]
	 TC131939
	  	 [Redacted]
	  	 Sparks
	  	 NV
	  	[Redacted]
	 TC110450
	  	 [Redacted]
	  	 Arlington
	  	 TX
	  	[Redacted]
	 TC154172
	  	 [Redacted]
	  	 Warrensburg
	  	 MO
	  	[Redacted]
	 TC154112
	  	 [Redacted]
	  	 Escondido
	  	 CA
	  	[Redacted]
	 TC120936
	  	 [Redacted]
	  	 Big Bear Lake
	  	 CA
	  	[Redacted]
	 TC154027
	  	 [Redacted]
	  	 Englewood
	  	 CO
	  	[Redacted]
	 TC132016
	  	 [Redacted]
	  	 Stockton
	  	 CA
	  	[Redacted]
	 TC154150
	  	 [Redacted]
	  	 Greenville
	  	 SC
	  	[Redacted]
	 TC110526
	  	 [Redacted]
	  	 Barstow
	  	 CA
	  	[Redacted]
	 TC120672
	  	 [Redacted]
	  	 Phoenix
	  	 AZ
	  	[Redacted]
	 TC132106
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]
	 TC131953
	  	 [Redacted]
	  	 Madison
	  	 WI
	  	[Redacted]
	 TC121819
	  	 [Redacted]
	  	 Sacramento
	  	 CA
	  	[Redacted]
	 TC143397
	  	 [Redacted]
	  	 Mesick
	  	 MI
	  	[Redacted]
	 TC142926
	  	 [Redacted]
	  	 Conway
	  	 AR
	  	[Redacted]
	 TC120687
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC110327
	  	 [Redacted]
	  	 Vista
	  	 CA
	  	[Redacted]
	 TC143008
	  	 [Redacted]
	  	 Newark
	  	 NJ
	  	[Redacted]
	 TC154155
	  	 [Redacted]
	  	 Dos Palos
	  	 CA
	  	[Redacted]
	 TC120984
	  	 [Redacted]
	  	 Hurst
	  	 TX
	  	[Redacted]
	 TC132090
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]
	 TC143671
	  	 [Redacted]
	  	 Laporte
	  	 CO
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC131975
	  	 [Redacted]
	  	 Texas City
	  	 TX
	  	[Redacted]
	 TC132165
	  	 [Redacted]
	  	 Fort Worth
	  	 TX
	  	[Redacted]
	 TC153835
	  	 [Redacted]
	  	 Linwood
	  	 MI
	  	[Redacted]
	 TC121797
	  	 [Redacted]
	  	 Watertown
	  	 NY
	  	[Redacted]
	 TC142959
	  	 [Redacted]
	  	 Cleveland
	  	 TX
	  	[Redacted]
	 TC154093
	  	 [Redacted]
	  	 Mobile
	  	 AL
	  	[Redacted]
	 TC120647
	  	 [Redacted]
	  	 Harrisburg
	  	 PA
	  	[Redacted]
	 TC153820
	  	 [Redacted]
	  	 Overland Park
	  	 KS
	  	[Redacted]
	 TC153816
	  	 [Redacted]
	  	 Omaha
	  	 NE
	  	[Redacted]
	 TC120952
	  	 [Redacted]
	  	 Oakdale
	  	 MN
	  	[Redacted]
	 TC142927
	  	 [Redacted]
	  	 Conway
	  	 AR
	  	[Redacted]
	 TC132387
	  	 [Redacted]
	  	 Sioux City
	  	 IA
	  	[Redacted]
	 TC110506
	  	 [Redacted]
	  	 Seattle
	  	 WA
	  	[Redacted]
	 TC154124
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC153952
	  	 [Redacted]
	  	 Bradenton
	  	 FL
	  	[Redacted]
	 TC153867
	  	 [Redacted]
	  	 Chehalis
	  	 WA
	  	[Redacted]
	 TC110381
	  	 [Redacted]
	  	 Tacoma
	  	 WA
	  	[Redacted]
	 TC110234
	  	 [Redacted]
	  	 Las Vegas
	  	 NV
	  	[Redacted]
	 TC132175
	  	 [Redacted]
	  	 Bladenboro
	  	 NC
	  	[Redacted]
	 TC120946
	  	 [Redacted]
	  	 Bend
	  	 OR
	  	[Redacted]
	 TC110440
	  	 [Redacted]
	  	 Salem
	  	 OR
	  	[Redacted]
	 TC110578
	  	 [Redacted]
	  	 Scottsdale
	  	 AZ
	  	[Redacted]
	 TC110577
	  	 [Redacted]
	  	 Scottsdale
	  	 AZ
	  	[Redacted]
	 TC121744
	  	 [Redacted]
	  	 Georgetown
	  	 TX
	  	[Redacted]
	 TC121774
	  	 [Redacted]
	  	 Kilgore
	  	 TX
	  	[Redacted]
	 TC154159
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC132168
	  	 [Redacted]
	  	 Sherwood
	  	 OR
	  	[Redacted]
	 TC132032
	  	 [Redacted]
	  	 Cutler
	  	 CA
	  	[Redacted]
	 TC154262
	  	 [Redacted]
	  	 Humble
	  	 TX
	  	[Redacted]
	 TC154266
	  	 [Redacted]
	  	 Magnolia
	  	 TX
	  	[Redacted]
	 TC132292
	  	 [Redacted]
	  	 Burbank
	  	 IL
	  	[Redacted]
	 TC120801
	  	 [Redacted]
	  	 Mesquite
	  	 TX
	  	[Redacted]
	 TC143089
	  	 [Redacted]
	  	 Fountain Hills
	  	 AZ
	  	[Redacted]
	 TC132087
	  	 [Redacted]
	  	 Worth
	  	 PA
	  	[Redacted]
	 TC120783
	  	 [Redacted]
	  	 Midlothian
	  	 IL
	  	[Redacted]
	 TC121763
	  	 [Redacted]
	  	 Burnett
	  	 WI
	  	[Redacted]
	 TC120986
	  	 [Redacted]
	  	 San Diego
	  	 CA
	  	[Redacted]
	 TC132204
	  	 [Redacted]
	  	 Kaukauna
	  	 WI
	  	[Redacted]
	 TC154160
	  	 [Redacted]
	  	 Garden
	  	 MI
	  	[Redacted]
	 TC121701
	  	 [Redacted]
	  	 Tulsa
	  	 OK
	  	[Redacted]
	 TC132500
	  	 [Redacted]
	  	 Tucson
	  	 AZ
	  	[Redacted]
	 TC120781
	  	 [Redacted]
	  	 Midlothian
	  	 IL
	  	[Redacted]
	 TC154271
	  	 [Redacted]
	  	 Milwaukee
	  	 WI
	  	[Redacted]
	 TC120740
	  	 [Redacted]
	  	 Memphis
	  	 TN
	  	[Redacted]
	 TC121733
	  	 [Redacted]
	  	 Miami
	  	 FL
	  	[Redacted]
	 TC153967
	  	 [Redacted]
	  	 St. George
	  	 UT
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC132331
	  	 [Redacted]
	  	 Conroe
	  	 TX
	  	[Redacted]
	 TC132003
	  	 [Redacted]
	  	 Orange
	  	 TX
	  	[Redacted]
	 TC121077
	  	 [Redacted]
	  	 Palmdale
	  	 CA
	  	[Redacted]
	 TC132176
	  	 [Redacted]
	  	 Roseville
	  	 CA
	  	[Redacted]
	 TC132041
	  	 [Redacted]
	  	 Minnetonka
	  	 MN
	  	[Redacted]
	 TC154257
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC154193
	  	 [Redacted]
	  	 El Paso
	  	 TX
	  	[Redacted]
	 TC121790
	  	 [Redacted]
	  	 Gulfport
	  	 MS
	  	[Redacted]
	 TC120997
	  	 [Redacted]
	  	 Mcgregor
	  	 TX
	  	[Redacted]
	 TC121751
	  	 [Redacted]
	  	 Chicago
	  	 IL
	  	[Redacted]
	 TC153855
	  	 [Redacted]
	  	 Houston
	  	 TX
	  	[Redacted]
	 TC110605
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]
	 TC132823
	  	 [Redacted]
	  	 Buffalo Junction
	  	 VA
	  	[Redacted]
	 TC120895
	  	 [Redacted]
	  	 Las Vegas
	  	 NV
	  	[Redacted]
	 TC153930
	  	 [Redacted]
	  	 Rockport
	  	 TX
	  	[Redacted]
	 TC121824
	  	 [Redacted]
	  	 Springfield
	  	 CO
	  	[Redacted]
	 TC132086
	  	 [Redacted]
	  	 Lake Charles
	  	 LA
	  	[Redacted]
	 TC132330
	  	 [Redacted]
	  	 Conroe
	  	 TX
	  	[Redacted]
	 TC121718
	  	 [Redacted]
	  	 Smiths
	  	 AL
	  	[Redacted]
	 TC121021
	  	 [Redacted]
	  	 Shreveport
	  	 LA
	  	[Redacted]
	 TC153977
	  	 [Redacted]
	  	 Vacaville
	  	 CA
	  	[Redacted]
	 TC154158
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC132000
	  	 [Redacted]
	  	 Fort Worth
	  	 TX
	  	[Redacted]
	 TC110414
	  	 [Redacted]
	  	 Alvarado
	  	 TX
	  	[Redacted]
	 TC120689
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC120692
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC154199
	  	 [Redacted]
	  	 Williamson
	  	 WV
	  	[Redacted]
	 TC121694
	  	 [Redacted]
	  	 Knoxville
	  	 TN
	  	[Redacted]
	 TC132065
	  	 [Redacted]
	  	 Mobile
	  	 AL
	  	[Redacted]
	 TC154034
	  	 [Redacted]
	  	 Canton
	  	 OH
	  	[Redacted]
	 TC154260
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC120682
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC121075
	  	 [Redacted]
	  	 Wasilla
	  	 AK
	  	[Redacted]
	 TC132029
	  	 [Redacted]
	  	 Hannibal
	  	 MO
	  	[Redacted]
	 TC143713
	  	 [Redacted]
	  	 Clive
	  	 IA
	  	[Redacted]
	 TC121684
	  	 [Redacted]
	  	 Colorado Springs
	  	 CO
	  	[Redacted]
	 TC154259
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC132760
	  	 [Redacted]
	  	 La Mesa
	  	 NM
	  	[Redacted]
	 TC143732
	  	 [Redacted]
	  	 Columbus
	  	 OH
	  	[Redacted]
	 TC121056
	  	 [Redacted]
	  	 Los Banos
	  	 CA
	  	[Redacted]
	 TC153907
	  	 [Redacted]
	  	 New Market
	  	 TN
	  	[Redacted]
	 TC110412
	  	 [Redacted]
	  	 Tucson
	  	 AZ
	  	[Redacted]
	 TC153866
	  	 [Redacted]
	  	 Chehalis
	  	 WA
	  	[Redacted]
	 TC120639
	  	 [Redacted]
	  	 Blawnox
	  	 PA
	  	[Redacted]
	 TC131907
	  	 [Redacted]
	  	 Milwaukee
	  	 WI
	  	[Redacted]
	 TC120992
	  	 [Redacted]
	  	 Dallas
	  	 TX
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC154083
	  	 [Redacted]
	  	 San Angelo
	  	 TX
	  	[Redacted]
	 TC154000
	  	 [Redacted]
	  	 Portland
	  	 OR
	  	[Redacted]
	 TC120976
	  	 [Redacted]
	  	 Butler
	  	 TN
	  	[Redacted]
	 TC153959
	  	 [Redacted]
	  	 Weslaco
	  	 TX
	  	[Redacted]
	 TC154097
	  	 [Redacted]
	  	 Springfield
	  	 MO
	  	[Redacted]
	 TC132137
	  	 [Redacted]
	  	 LIttle River
	  	 CA
	  	[Redacted]
	 TC131926
	  	 [Redacted]
	  	 Cullman
	  	 AL
	  	[Redacted]
	 TC121788
	  	 [Redacted]
	  	 Youngstown
	  	 OH
	  	[Redacted]
	 TC121767
	  	 [Redacted]
	  	 San Antonio
	  	 TX
	  	[Redacted]
	 TC110514
	  	 [Redacted]
	  	 Milton
	  	 FL
	  	[Redacted]
	 TC154036
	  	 [Redacted]
	  	 Lake Stevens
	  	 WA
	  	[Redacted]
	 TC143786
	  	 [Redacted]
	  	 Sioux Falls
	  	 SD
	  	[Redacted]
	 TC110228
	  	 [Redacted]
	  	 Wichita
	  	 KS
	  	[Redacted]
	 TC131956
	  	 [Redacted]
	  	 Dallas
	  	 TX
	  	[Redacted]
	 TC153881
	  	 [Redacted]
	  	 Viola
	  	 IL
	  	[Redacted]
	 TC110420
	  	 [Redacted]
	  	 Ellenwood
	  	 GA
	  	[Redacted]
	 TC154140
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC154147
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC121020
	  	 [Redacted]
	  	 New Lebanon
	  	 OH
	  	[Redacted]
	 TC120694
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC132109
	  	 [Redacted]
	  	 Tabor
	  	 SD
	  	[Redacted]
	 TC121055
	  	 [Redacted]
	  	 Los Banos
	  	 CA
	  	[Redacted]
	 TC132061
	  	 [Redacted]
	  	 Alvarado
	  	 TX
	  	[Redacted]
	 TC120972
	  	 [Redacted]
	  	 Shreveport
	  	 LA
	  	[Redacted]
	 TC154157
	  	 [Redacted]
	  	 Odessa
	  	 TX
	  	[Redacted]
	 TC121079
	  	 [Redacted]
	  	 Palmdale
	  	 CA
	  	[Redacted]
	 TC120775
	  	 [Redacted]
	  	 Tombstone
	  	 AZ
	  	[Redacted]
	 TC120774
	  	 [Redacted]
	  	 Tombstone
	  	 AZ
	  	[Redacted]
	 TC143159
	  	 [Redacted]
	  	 Asheboro
	  	 NC
	  	[Redacted]
	 TC121103
	  	 [Redacted]
	  	 Waco
	  	 TX
	  	[Redacted]
	 TC132556
	  	 [Redacted]
	  	 Elmdale
	  	 KS
	  	[Redacted]
	 TC143784
	  	 [Redacted]
	  	 Shohola
	  	 PA
	  	[Redacted]
	 TC143742
	  	 [Redacted]
	  	 Castle Rock
	  	 WA
	  	[Redacted]
	 TC132136
	  	 [Redacted]
	  	 Sioux Falls
	  	 SD
	  	[Redacted]
	 TC132355
	  	 [Redacted]
	  	 Houston
	  	 TX
	  	[Redacted]
	 TC132164
	  	 [Redacted]
	  	 Newberry Springs
	  	 CA
	  	[Redacted]
	 TC132242
	  	 [Redacted]
	  	 Oxford
	  	 MS
	  	[Redacted]
	 TC154173
	  	 [Redacted]
	  	 Warrensburg
	  	 MO
	  	[Redacted]
	 TC143793
	  	 [Redacted]
	  	 Dayton
	  	 TX
	  	[Redacted]
	 TC120996
	  	 [Redacted]
	  	 Longview
	  	 TX
	  	[Redacted]
	 TC132123
	  	 [Redacted]
	  	 Santa Maria
	  	 CA
	  	[Redacted]
	 TC120919
	  	 [Redacted]
	  	 Houston
	  	 TX
	  	[Redacted]
	 TC132245
	  	 [Redacted]
	  	 Rio Grande City
	  	 TX
	  	[Redacted]
	 TC120779
	  	 [Redacted]
	  	 Midlothian
	  	 IL
	  	[Redacted]
	 TC153939
	  	 [Redacted]
	  	 Murphysboro
	  	 IL
	  	[Redacted]
	 TC154014
	  	 [Redacted]
	  	 Huntsville
	  	 TX
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC143675
	  	 [Redacted]
	  	 Mattawa
	  	 WA
	  	[Redacted]
	 TC132138
	  	 [Redacted]
	  	 Arcadia
	  	 LA
	  	[Redacted]
	 TC121762
	  	 [Redacted]
	  	 Henderson
	  	 NC
	  	[Redacted]
	 TC153942
	  	 [Redacted]
	  	 Rocky Mount
	  	 NC
	  	[Redacted]
	 TC120883
	  	 [Redacted]
	  	 Philadelphia
	  	 PA
	  	[Redacted]
	 TC142872
	  	 [Redacted]
	  	 Quapaw
	  	 OK
	  	[Redacted]
	 TC153976
	  	 [Redacted]
	  	 College Station
	  	 TX
	  	[Redacted]
	 TC120971
	  	 [Redacted]
	  	 Missoula
	  	 MT
	  	[Redacted]
	 TC110502
	  	 [Redacted]
	  	 Mound House
	  	 NV
	  	[Redacted]
	 TC110419
	  	 [Redacted]
	  	 Langley
	  	 WA
	  	[Redacted]
	 TC143187
	  	 [Redacted]
	  	 Leeds
	  	 UT
	  	[Redacted]
	 TC153818
	  	 [Redacted]
	  	 Bay City
	  	 TX
	  	[Redacted]
	 TC110342
	  	 [Redacted]
	  	 Las Vegas
	  	 NV
	  	[Redacted]
	 TC143669
	  	 [Redacted]
	  	 Cookeville
	  	 TN
	  	[Redacted]
	 TC132084
	  	 [Redacted]
	  	 Davis
	  	 OK
	  	[Redacted]
	 TC121798
	  	 [Redacted]
	  	 Hurricane
	  	 UT
	  	[Redacted]
	 TC143036
	  	 [Redacted]
	  	 Harrisburg
	  	 PA
	  	[Redacted]
	 TC120954
	  	 [Redacted]
	  	 Angleton
	  	 TX
	  	[Redacted]
	 TC143796
	  	 [Redacted]
	  	 Oakhurst
	  	 TX
	  	[Redacted]
	 TC132045
	  	 [Redacted]
	  	 Hearne
	  	 TX
	  	[Redacted]
	 TC120690
	  	 [Redacted]
	  	 Lander
	  	 NV
	  	[Redacted]
	 TC131910
	  	 [Redacted]
	  	 Henry
	  	 SD
	  	[Redacted]
	 TC143799
	  	 [Redacted]
	  	 Hartland
	  	 WI
	  	[Redacted]
	 TC143003
	  	 [Redacted]
	  	 Macon
	  	 IL
	  	[Redacted]
	 TC154044
	  	 [Redacted]
	  	 Granton
	  	 WI
	  	[Redacted]
	 TC132015
	  	 [Redacted]
	  	 Howes
	  	 SD
	  	[Redacted]
	 TC132088
	  	 [Redacted]
	  	 Swartz
	  	 LA
	  	[Redacted]
	 TC132163
	  	 [Redacted]
	  	 Humboldt
	  	 KS
	  	[Redacted]
	 TC154018
	  	 [Redacted]
	  	 Raymond
	  	 MS
	  	[Redacted]
	 TC154023
	  	 [Redacted]
	  	 Harlingen
	  	 TX
	  	[Redacted]
	 TC143136
	  	 [Redacted]
	  	 Monticello
	  	 MS
	  	[Redacted]
	 TC131908
	  	 [Redacted]
	  	 Selby
	  	 SD
	  	[Redacted]
	 TC132053
	  	 [Redacted]
	  	 Bogue Chitto
	  	 MS
	  	[Redacted]
	 TC132777
	  	 [Redacted]
	  	 Clarksdale
	  	 MS
	  	[Redacted]
	 TC121782
	  	 [Redacted]
	  	 Nacogdoches
	  	 TX
	  	[Redacted]
	 TC120678
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC121781
	  	 [Redacted]
	  	 Mart
	  	 TX
	  	[Redacted]
	 TC121759
	  	 [Redacted]
	  	 Kempner
	  	 TX
	  	[Redacted]
	 TC131948
	  	 [Redacted]
	  	 Arkadelphia
	  	 AR
	  	[Redacted]
	 TC132244
	  	 [Redacted]
	  	 Blanco
	  	 TX
	  	[Redacted]
	 TC132303
	  	 [Redacted]
	  	 Rayne
	  	 LA
	  	[Redacted]
	 TC131893
	  	 [Redacted]
	  	 Steelville
	  	 MO
	  	[Redacted]
	 TC120691
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC132246
	  	 [Redacted]
	  	 Corning
	  	 AR
	  	[Redacted]
	 TC121709
	  	 [Redacted]
	  	 Sunbright
	  	 TN
	  	[Redacted]
	 TC143024
	  	 [Redacted]
	  	 Lubbock
	  	 TX
	  	[Redacted]

									
	 Asset ID
	  	 Address
	  	 City
	  	 State
	  	 Zip

	 TC132227
	  	 [Redacted]
	  	 Rolla
	  	 MO
	  	[Redacted]
	 TC153918
	  	 [Redacted]
	  	 Rose
	  	 OK
	  	[Redacted]
	 TC132010
	  	 [Redacted]
	  	 El Paso
	  	 TX
	  	[Redacted]
	 TC120983
	  	 [Redacted]
	  	 Gentry
	  	 AR
	  	[Redacted]
	 TC110498
	  	 [Redacted]
	  	 Vinton
	  	 LA
	  	[Redacted]
	 TC132489
	  	 [Redacted]
	  	 Boonville
	  	 MO
	  	[Redacted]
	 TC121871
	  	 [Redacted]
	  	 Leonard
	  	 MN
	  	[Redacted]
	 TC120928
	  	 [Redacted]
	  	 Conroe
	  	 TX
	  	[Redacted]
	 TC154208
	  	 [Redacted]
	  	 Dayton
	  	 TX
	  	[Redacted]
	 TC132072
	  	 [Redacted]
	  	 Lost Nation
	  	 IA
	  	[Redacted]
	 TC153872
	  	 [Redacted]
	  	 Pritchett
	  	 CO
	  	[Redacted]
	 TC121795
	  	 [Redacted]
	  	 Rolette
	  	 ND
	  	[Redacted]
	 TC121008
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC154020
	  	 [Redacted]
	  	 Albuquerque
	  	 NM
	  	[Redacted]
	 TC120778
	  	 [Redacted]
	  	 Florence
	  	 TX
	  	[Redacted]
	 TC131918
	  	 [Redacted]
	  	 Devils Lake
	  	 ND
	  	[Redacted]
	 TC121800
	  	 [Redacted]
	  	 Hoxie
	  	 AR
	  	[Redacted]
	 TC132115
	  	 [Redacted]
	  	 Detroit
	  	 MI
	  	[Redacted]
	 TC132766
	  	 [Redacted]
	  	 Rupert
	  	 ID
	  	[Redacted]
	 TC132499
	  	 [Redacted]
	  	 Tucson
	  	 AZ
	  	[Redacted]
	 TC132284
	  	 [Redacted]
	  	 Mobridge
	  	 SD
	  	[Redacted]
	 TC132166
	  	 [Redacted]
	  	 Heber City
	  	 UT
	  	[Redacted]
	 TC110570
	  	 [Redacted]
	  	 Willamette Meridian
	  	 OR
	  	[Redacted]
	 TC121001
	  	 [Redacted]
	  	 Dothan
	  	 AL
	  	[Redacted]
	 TC120680
	  	 [Redacted]
	  	 Various
	  	 NV
	  	[Redacted]
	 TC120681
	  	 [Redacted]
	  	 Lander
	  	 NV
	  	[Redacted]
	 TC110426
	  	 [Redacted]
	  	 Red Bank
	  	 NJ
	  	[Redacted]
	 TC110238
	  	 [Redacted]
	  	 Dorchester Center
	  	 MA
	  	[Redacted]
	 TC110598
	  	 [Redacted]
	  	 Natick
	  	 MA
	  	[Redacted]
	 TC110444
	  	 [Redacted]
	  	 El Centro
	  	 CA
	  	[Redacted]
	 TC143261
	  	 [Redacted]
	  	 West New York
	  	 NJ
	  	[Redacted]
	 TC153957
	  	 [Redacted]
	  	 Henderson
	  	 NV
	  	[Redacted]
	 TC154125
	  	 [Redacted]
	  	 Brooklyn
	  	 NY
	  	[Redacted]
	 TC131909
	  	 [Redacted]
	  	 Paris
	  	 TX
	  	[Redacted]
	 TC132236
	  	 [Redacted]
	  	 Los Angeles
	  	 CA
	  	[Redacted]
	 TC154261
	  	 [Redacted]
	  	 New York
	  	 NY
	  	[Redacted]
	 TC132366
	  	 [Redacted]
	  	 Painesdale
	  	 MI
	  	[Redacted]
	 TC110497
	  	 [Redacted]
	  	 Saugus
	  	 MA
	  	[Redacted]

 EXHIBIT A 

INITIAL BUDGET 

[Attached] 

 Attachment 2: Management Agreement - Exhibit A (Initial Budget) 

 

																																																	
	 (in US$)
	  	Feb 2020	 	 	Mar 2020	 	 	Apr 2020	 	 	May 2020	 	 	Jun 2020	 	 	Jul 2020	 	 	Aug 2020	 	 	Sep 2020	 	 	Oct 2020	 	 	Nov 2020	 	 	Dec 2020	 	 	Total	 
	 Telecom
	  	$	1,210,085	 	 	$	1,249,541	 	 	$	1,226,759	 	 	$	1,151,663	 	 	$	1,144,889	 	 	$	1,170,836	 	 	$	1,212,505	 	 	$	1,150,758	 	 	$	1,341,762	 	 	$	1,256,335	 	 	$	1,329,717	 	 	$	13,444,851	 
	 Billboards
	  	 	131,892	 	 	 	131,892	 	 	 	130,572	 	 	 	130,572	 	 	 	129,691	 	 	 	129,691	 	 	 	129,691	 	 	 	129,691	 	 	 	129,691	 	 	 	129,691	 	 	 	129,945	 	 	 	1,433,020	 
	 Wind Turbines
	  	 	553,432	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	12,514	 	 	 	678,572	 
	 Solar
	  	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	50,000	 	 	 	550,000	 
	 Revenue
	  	$	1,945,409	 	 	$	1,443,948	 	 	$	1,419,845	 	 	$	1,344,749	 	 	$	1,337,094	 	 	$	1,363,041	 	 	$	1,404,710	 	 	$	1,342,963	 	 	$	1,533,967	 	 	$	1,448,540	 	 	$	1,522,177	 	 	$	16,106,443	 
	 Asset Management Fee
	  	 	(38,908	) 	 	 	(28,879	) 	 	 	(28,397	) 	 	 	(26,895	) 	 	 	(26,742	) 	 	 	(27,261	) 	 	 	(28,094	) 	 	 	(26,859	) 	 	 	(30,679	) 	 	 	(28,971	) 	 	 	(30,444	) 	 	 	(322,129	) 
	 Securitization Costs
	  	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(4,167	) 	 	 	(45,833	) 
	 Churn
	  	 	(4,864	) 	 	 	(3,610	) 	 	 	(3,550	) 	 	 	(3,362	) 	 	 	(3,343	) 	 	 	(3,408	) 	 	 	(3,512	) 	 	 	(3,357	) 	 	 	(3,835	) 	 	 	(3,621	) 	 	 	(3,805	) 	 	 	(40,266	) 
	 Other Costs
	  	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(16,667	) 	 	 	(183,333	) 
	 EBITDA
	  	$	1,880,804	 	 	$	1,390,625	 	 	$	1,367,065	 	 	$	1,293,658	 	 	$	1,286,177	 	 	$	1,311,540	 	 	$	1,352,271	 	 	$	1,291,913	 	 	$	1,478,620	 	 	$	1,395,114	 	 	$	1,467,094	 	 	$	15,514,881	 
	 Tax
	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 
	 Change in WC
	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 
	 MVP Installments
	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 
	 Cash Flow Available for Debt Service (CFADS)
	  	$	1,880,804	 	 	$	1,390,625	 	 	$	1,367,065	 	 	$	1,293,658	 	 	$	1,286,177	 	 	$	1,311,540	 	 	$	1,352,271	 	 	$	1,291,913	 	 	$	1,478,620	 	 	$	1,395,114	 	 	$	1,467,094	 	 	$	15,514,881	 

 EXHIBIT B 

FORM OF MANAGER EXTENSION LETTER 

LMRK ISSUER CO. LLC & 2019-1 TRS LLC 

400 Continental Blvd., Suite 500 

El Segundo, CA 90245 
 LANDMARK INFRASTRUCTURE
PARTNERS GP LLC 
 400 Continental Blvd., Suite 500 
 El
Segundo, CA 90245 
 [ _____ ], 20[__] 
  

	Re:	 Extension of Management Agreement, dated as of January 15, 2020, by and among the LMRK Issuer Co. LLC (the
“Issuer”), 2019-1 TRS LLC (the “Co-Issuer” and, together with the Issuer, the
“Co-Issuers”), the other Project Companies from time to time party thereto and Landmark Infrastructure Partners GP LLC, as project manager (the “Project
Manager”) 

 Dear [ __ ]: 

Reference is made to the Management Agreement, dated as of January 15, 2020 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Management Agreement”), by and among the Issuer, the Co-Issuer, the other Project Companies (as defined therein) from time to time party
thereto and Landmark Infrastructure Partners GP LLC, as project manager (the “Project Manager”). Capitalized terms not defined herein shall have the meanings set forth in the Management Agreement or the NPPA referenced
therein. 
 Pursuant to Section 22(a) of the Management Agreement, the initial Term of the Management Agreement was scheduled to expire
at 5:00 P.M. (New York time) on the Expiration Date, which may be extended from time to time at the option of the Co-Issuers, acting in their sole and absolute discretion, for successive two (2) year
periods by written notice to that effect to the Project Manager from the Co-Issuers delivered on or prior to the then-current Expiration Date (an “Extension Notice”). 

Pursuant to Section 22(a) of the Management Agreement, the Co-Issuers hereby notify you that the Co-Issuers have elected to extend the term of the Management for an additional two (2) year period (so that the new Expiration Date is the two (2) year anniversary of the current Expiration Date). The new
Expiration Date will be [ __ ]. 
 [Remainder of Page Intentionally Blank; Signature Page Follows] 

 
			
	Very truly yours,
	LMRK ISSUER CO. LLC

 
			
		
	By:	 	  

 
			
	Name:
	Title:
	
	2019-1 TRS LLC

 
			
		
	By:	 	  

 
			
	Name:
	Title:

 Copies to: 
 Wilmington
Trust, National Association 
 Corporate Trust Office 
 1100 N.
Market Street 
 Wilmington, DE 19890 
 Fax: 302-636-4140 
 Email: clmajor@wilmingtontrust.com 

[Signature Page to Extension Letter]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]