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Exhibit 10.1(c)    
    

 
 

Lease Supplement No. 1
  (Memorandum of Lease Supplement,
  Memorandum of Master Lease and Deed of Trust
  Fixture Filing and Memorandum of Option to Purchase)    

        THIS LEASE SUPPLEMENT NO. 1 (Memorandum of Lease Supplement, Memorandum of Master Lease and Deed of Trust, Fixture Filing and Memorandum
of Option to Purchase) (this "Lease Supplement") dated June 26, 2003, is between SABRE INC., a Delaware
corporation, having its principal office at 3150 Sabre Drive, Southlake, Texas 76092, as the Lessee and grantor (the "Lessee"), and CSL Leasing Inc., a
Delaware corporation as Lessor and beneficiary (the "Lessor") and to JEFFREY A. RATTIKIN, as trustee and
grantee (the "Deed of Trust Trustee"), having his principal office at Rattikin & Rattikin, LLP, 201 Main Street, Suite 800, Fort Worth, TX 76102. 

ATTENTION OF RECORDING OFFICERS: Certain of the Property is or will become "fixtures" (as that term is
defined in the Texas Uniform Commercial Code) on the real estate described in Schedule I attached hereto and this instrument, upon being filed for record in the real estate records, shall operate also
as a financing statement upon such of the Property which is or may become fixtures. The Lessee has an interest of record in the Property. This instrument is to be recorded in, among other places, the
real estate records of the county in which such property is located. 

 
 

WITNESSETH:    
    

        WHEREAS, the Lessor is the record owner of the land described on Schedule
I attached hereto (the "Subject Land") together with all Improvements located upon or which hereafter may be constructed on the
Subject Land (the "Subject Improvements" and, together with the Subject Land, the "Subject Property"); 

        WHEREAS, the Lessor desires to lease the Subject Property to the Lessee and the Lessee wishes to lease the Subject Property from the
Lessor; 

        NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree
to enter into this Lease Supplement, as follows: 

        1.    Certain Terms.    Capitalized terms used but not otherwise defined in this Lease Supplement have the meanings
specified in Appendix A to the Participation Agreement dated as of June 15, 2003 (as amended, restated, supplemented or otherwise modified from time to time, the "Participation
Agreement") among the Lessee, the Lessor, the Purchasers named therein (the "Purchasers") and Sabre Holdings Inc., as guarantor,
and Wilmington Trust Company, as Indenture Trustee (the "Indenture Trustee"), and the rules of interpretation specified in Appendix A to the
Participation Agreement shall apply to this Lease Supplement. 

        2.    Nature of Transaction.    (a) The parties hereto intend that unless assigned by the Lessor in accordance with
the terms of the Operative Documents, or Applicable Law otherwise provides, legal title to the Property shall remain in the Lessor as security for the obligations of the Lessee hereunder and under the
other Operative Documents until the Lessee has fulfilled all of its obligations hereunder and under the other Operative Documents. The Lessee hereby grants to the Lessor a continuing Lien and security
interest in the Property to secure the payment of all sums due hereunder and under the other Operative Documents. The parties hereto intend that for state, real estate and commercial law and
bankruptcy purposes, (i) the Lease will be treated as a financing arrangement and (ii) the Lessor and the Purchasers will be deemed lenders making loans to the Lessee in an amount equal to the sum of
the Lessor Amounts and the outstanding principal amount of the Notes, which amounts are secured by the Properties. The parties hereto covenant to treat the Notes (and interests therein) and the Lessor
Amount as indebtedness of the Lessee for U.S. federal, state and local tax purposes and further covenant that they will not take any action inconsistent with such treatment (unless either (i) required
to do so by the United States Internal Revenue Service or the equivalent taxing authority of any 

 

foreign
government or any U.S. state or political subdivision thereof (a "Taxation Authority") or (ii) an alternative position of a Taxation Authority
is asserted, and such party reasonably believes, on advice of counsel, that there is a reasonable basis for such asserted position). Nevertheless, the Lessee acknowledges and agrees that neither the
Lessor, the Indenture Trustee, the Arranger nor any of the Purchasers has provided, or will provide, any tax, accounting, or legal advice to the Lessee regarding the Operative Documents or the
transaction contemplated thereby, and that the Lessee has obtained and relied upon such tax, accounting and legal advice concerning the Operative Documents as it deems appropriate. 

        (b)   Specifically,
without limiting the generality of clause (a) of this Section 2, the parties hereto intend and agree that in the event of any insolvency or receivership
proceedings or a petition under the United States bankruptcy laws or any other applicable insolvency laws or statute of the United States of America or any state or commonwealth thereof affecting the
Lessee, the Lessee Guarantor, the Lessor or the Purchasers or any collection actions, the transactions evidenced by the Operative Documents shall be regarded as loans made by the Lessor and the
Purchasers as unrelated third party lenders of the Lessee. The parties hereto covenant and agree that (except to the extent provided for in section 2(a) above) they will not take any action or
advocate any position contrary to the intentions set forth in this Section 2. 

        (c)   It
is the intent of the parties hereto that this Lease Supplement grants a security interest in and deed of trust lien, as the case may be, on the Subject Property to
the Deed of Trust Trustee for the benefit of the Lessor and the Purchasers, and their successors and assigns (including, without limitation, the Indenture Trustee and the RVI Provider) to secure the
Lessee's performance under and payment of all amounts under the Lease and the other Operative Documents (the "Subject Obligations"). 

        3.    Subject Property; Memorandum of Lease.    Attached hereto as Schedule I is the description of the Subject Land.
Effective upon the execution and delivery of this Lease Supplement by the Lessor and the Lessee, the Subject Property shall be subject to the terms and provisions of the Master Lease. The Master Lease
is incorporated by reference herein as if set forth herein in its entirety. Subject to the terms and conditions of the Master Lease, the Lessor hereby leases the Subject Property to the Lessee for the
Lease Term (as defined below) of this Lease Supplement, and the Lessee hereby agrees with the Lessor to lease the Subject Property from the Lessor for the Lease Term. The Master Lease is dated as of
June 15, 2003 and is by and between the Lessor and the Lessee. 

        4.    Lease Term; Option to Purchase.    The term of this Lease Supplement (the "Lease
Term") shall begin on the date hereof and shall end on June 26, 2013 (the "Expiration Date"). For and in consideration of good
and valuable consideration paid by the Lessee to the Lessor as described in the Master Lease, the Lessor hereby grants to the Lessee the right to purchase all or a portion of the Subject Property
during the Lease Term of this Lease Supplement on the terms and subject to the conditions (including, without limitation, payment of the Property Balance thereof) set forth in Section 18.1 of the
Master Lease. 

        5.    Liens and Security Interests.    (a) Specifically, without limiting the generality of Section 2, the Lessor and
the Lessee intend and agree that in the event of any insolvency or receivership proceedings or a petition under the United States bankruptcy laws or any other applicable insolvency laws or statute of
the United States of America or any State or Commonwealth thereof affecting the Lessee, any Participant or any collection actions, the transactions evidenced by the Operative Documents shall be
regarded as a secured financing from the Purchasers and the Lessor as unrelated third party lenders to the Lessee secured by the respective Property it being understood that the Lessee hereby has
DEEDED, GRANTED AND WARRANTED and hereby grants a security interest and warrants, pledges, assigns, bargains, hypothecates, conveys, DEEDS, GRANTS AND WARRANTS, and grants a security interest in, the
Subject Property (consisting of a fee mortgage with respect to the Subject Property) WITH POWER OF SALE to the Deed of Trust Trustee for the benefit of the Lessor and the 

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Purchasers,
and their successors and assigns (including, without limitation, the Indenture Trustee and the RVI Provider) to secure payment and performance of the Subject Obligations. 

        (b)   Specifically,
but without limiting the generality of Section 2, the Lessor and the Lessee further intend and agree that, for the purpose of securing the payment and
performance of the Subject Obligations, (i) the Master Lease and Lease Supplement shall also be deemed to be a security agreement and financing statement within the meaning of Chapter 9 of the Texas
Uniform Commercial Code and a real property deed of trust; (ii) the conveyance provided for hereby and in Article II of the Master Lease shall be deemed to be a grant by the Lessee to the Deed of
Trust Trustee (for the benefit of the Lessor and the Purchasers and their successors and assigns, including, without limitation, the Indenture Trustee and the RVI Provider) of a deed of trust lien and
security interest in all of the right, title and interest of the Lessee in and to the Subject Property and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash,
investments, securities or other property (it being understood that the Lessee hereby deeds and warrants and grants a security interest in the Subject Property and all proceeds thereof to the Lessor
to secure all of the Subject Obligations therewith, effective on the date hereof) and (iii) the possession by the Lessor or any of its agents of notes and such other items of property as constitute
instruments, money, negotiable documents, goods or tangible chattel paper shall be deemed to be "perfection by possession" for purposes of perfecting
the security interest pursuant to Section 9.313 of the Texas Uniform Commercial Code and the Lessor hereby acknowledges that it holds possession of such instruments, money, negotiable documents, goods
or tangible chattel paper for the benefit of the Lessor and the Purchasers and their successor and assigns (including, without limitation, the Indenture Trustee and the RVI Provider) pursuant to
9.313(c)(i) of the Texas Uniform Commercial Code; and (iv) notifications to Persons holding such property, and acknowledgments, receipts or confirmations from financial intermediaries, bankers or
agents (as applicable) of the Lessee shall be deemed to have been given for the purpose of perfecting such security interest under all Applicable Laws. The Lessor and the Lessee shall, to the extent
consistent with the Master Lease and Lease Supplement, take such actions and execute, deliver, file and record such other documents, financing statements and mortgages as may be necessary to ensure
that, if the Lease was deemed to create a security interest in the Subject Property in accordance with this Section, such security interest would be deemed to be a perfected security interest (subject
only to Permitted Property Liens) and will be maintained as such throughout the Lease Term. 

        (c)   Specifically,
but without limiting the foregoing or the generality of Section 2, the Lessee hereby grants, bargains, sells, warrants, conveys, aliens, demises, releases,
assigns, sets over and confirms to the Deed of Trust Trustee, IN TRUST, WITH POWER OF SALE, for the use and benefit of the Lessor and the Purchasers and
their successors and assigns (including, without limitation, the Indenture Trustee and the RVI Provider) all of the Lessee's right, title, and interest in and to the following (collectively, the  "Mortgaged
Property"): (i) the Subject Property and Appurtenant Rights relating thereto and all proceeds, both cash and noncash, thereof; (ii) all
easements, rights-of-way, strips and gores of land, vaults, streets, ways, alleys, passages, sewer rights, waters, water courses, water rights, including without limitation the stock in any water
company providing water for irrigation of the Subject Property, minerals, flowers, shrubs, crops, trees, timber and other emblements now or hereafter located on the Subject Land or under or above the
same or any part or parcel thereof, and all estates, rights, titles, interests, tenements, hereditaments and appurtenances, reversions and remainders whatsoever, in any way belonging, relating or
appertaining to the Subject Property or any part thereof, or which hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned or hereafter acquired by the Lessee from any
source; (iii) if and to the extent acquired by the Lessee with the proceeds of Advances, all right, title and interest of the Lessee in all furnishings, furniture, fixtures, machinery, apparatus,
Equipment, fittings, appliances, building supplies and materials, vehicles (excluding the Lessee's personal automobiles), chattels, goods, consumer goods, farm products, warranties, chattel paper,
documents, accounts, general intangibles, and goodwill related thereto, and all other articles of personal property of every kind and nature whatsoever, tangible or intangible, now 

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heretofore
or hereafter acquired and now, heretofore or hereafter (A) arising out of or related to the ownership of the Subject Property, or (B) located in, on or about the Subject Property, or (C)
used or intended to be used with or in connection with the construction, use, operation or enjoyment of the Subject Property; (iv) all right, title and interest of the Lessee in any and all leases,
rental agreements and arrangements of any sort now or hereafter affecting the Subject Property or any portion thereof and providing for or resulting in the payment of money to the Lessee for the use
of the Subject Property or any portion thereof, whether the user enjoys the Subject Property or any portion thereof as tenant for years, licensee, tenant at sufferance or otherwise, and irrespective
of whether such leases, rental agreements and arrangements be oral or written, and including any and all extensions, renewals and modifications thereof (the "Subject
Leases") and guaranties of the performance or obligations of any tenants or lessees thereunder, together with all income, rents, issues, profits and revenues from the Subject
Leases (including all tenant security deposits and all other tenant deposits, whether held by the Lessee or in a trust account, and all other deposits and escrow funds relating to any Subject Leases),
and all the estate, right, title, interest, property, possession, claim and demand whatsoever at law, as well as in equity, of the Lessee of, in and to the same; provided,
however, that the Lessee shall have a revocable license to collect and apply such rental payments and revenues as provided in the Master Lease and the other Operative
Documents; (v) to the extent transferable under any Requirement of Law, all right, title and interest of the Lessee in, to and under all management contracts, service contracts, utility contracts,
leases of equipment, documents and agreements relating to the construction of any Improvements (including any and all construction contracts, architectural contracts, engineering contracts, designs,
plans, specifications, drawings, surveys, tests, reports, bonds and governmental approvals) and all other contracts, licenses and permits now or hereafter affecting the Subject Property or any part
thereof and all guaranties and warranties with respect to any of the foregoing (the "Subject Contracts"); (vi) all right, title and interest of the
Lessee in any insurance policies or binders required to be maintained by the Lessee pursuant to the terms of the Master Lease or now or hereafter relating to the Subject Property, including any
unearned premiums thereon, as further provided in the Master Lease; (vii) all right, title and interest of the Lessee in any and all awards, payments, proceeds and the right to receive the same,
either before or after any foreclosure hereunder, as a result of any temporary or permanent injury or damage to, taking of or decrease in the value of the Subject Property by reason
of casualty, condemnation or otherwise as further provided in the Master Lease; (viii) all claims and causes of action arising from or otherwise related to any of the foregoing, and all rights and
judgments related to any legal actions in connection with such claims or causes of action; and (ix) all Modifications, extensions, additions, improvements, betterments, renewals and replacements,
substitutions, or proceeds of any of the foregoing; all of which foregoing items are hereby declared and shall be deemed to be a portion of the security for the indebtedness and Subject Obligations
herein described, a portion of the above described collateral being located upon the Subject Land. 

        6.    Remedies.    (a) Upon the occurrence and during the continuance of an Event of Default, the Lessor (or the
Indenture Trustee, as its interests may appear) may proceed (or may cause the Deed of Trust Trustee to proceed) by a suit or suits in equity or at law, whether for a foreclosure hereunder, or for the
sale of the Subject Property, or against the Lessee on a recourse basis for the Lease Balance, or for the specific performance of any covenant or agreement contained herein or in the Lease or any
other Operative Document or in aid of the execution of any power granted herein or in any other Operative Document, or for the appointment of a receiver pending any foreclosure hereunder or the sale
of the Property, or for the enforcement of any other appropriate legal or equitable remedy. The Lessee shall have all rights available to a deed of trust grantor under the laws of Texas. 

        (b)   The
Deed of Trust Trustee and the Lessor and the Purchasers shall be entitled to all of the rights and benefits conferred to a deed of trust trustee or a beneficiary of
a deed of trust under the laws of the State of Texas, including, without limitation, all rights granted a trustee or beneficiary under Chapter 51.002-51.006 et
seq. of the Texas Property Code, as amended (collectively, the "Mortgage Foreclosure Act"). 

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        (c)   POWER OF SALE; WAIVER OF NOTICE AND HEARING ON FORECLOSURE.WAIVER: THE LESSEE ACKNOWLEDGES AND
AGREES THAT IF IT DEFAULTS, A NON-JUDICIAL FORECLOSURE SALE OF THE SUBJECT PROPERTY, IF PERMITTED BY APPLICABLE LAW, MAY BE CONDUCTED WITHOUT A HEARING OF ANY KIND AND WITHOUT NOTICE BEYOND THE
PUBLICATION AND POSTING OF THE NOTICE OF SALE AS REQUIRED BY LAW. THE LESSEE HEREBY WAIVES TO THE EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHTS IT MAY HAVE TO ANY SUCH HEARING AND
NOTICE.

        Without
limiting the generality of the foregoing, the Lessor (or to the extent required by law, the Deed of Trust Trustee) may, if at the time such action may be lawful, and always
subject to compliance with any mandatory legal requirements, direct the Deed of Trust Trustee to enforce its trust and to sell the Subject Property, as an entirety or in parcels, by one sale or by
several sales, held at one time or at different times, all as the trustee acting may elect, each sale to be held at the location within the county courthouse designated for the holding of non-judicial
foreclosure sales by the Commissioners Court of any county in which a part of the Subject Property constituting real property to be sold is situated (or if no area has been so designated, then in an
area within said courthouse described in the notice referred to below in this section and to be made on the first Tuesday of some month between the hours of 10:00 a.m. and 4:00 p.m. to the highest
bidder for cash at public venue, after the Deed of
Trust Trustee (or a person or persons selected by the trustee) and the Lessor shall have given notices of the proposed sale in the manner hereinafter set forth, and to make due conveyance to the
purchaser or purchasers, with special warranty of title or no warranty of title to such purchaser or purchasers binding upon the Lessee and its successors and assigns. Such sale must begin at the time
stated in the notice referred to below in this section or not later than three hours after that time. The Lessee, for itself, its successors and assigns, and for anyone who may claim by, through or
under the Lessee, hereby expressly and specifically waives all rights to a marshaling of the assets of the Lessee, including the Subject Property, or to a sale in inverse order of alienation. 

        The
Deed of Trust Trustee (or a person or persons selected by the Deed of Trust Trustee) shall give notice of each such proposed sale by posting written notice of the time, place and
terms of sale at the courthouse door, and by filing a copy of such written notice in the office of the county clerk, of the county in which the sale is to be made at least twenty-one (21) days
preceding the date of the sale. In addition to the foregoing notice or notices to be posted and filed by the Deed of Trust Trustee (or a person or persons selected by the Deed of Trust Trustee), the
Lessor shall at least twenty-one (21) days preceding the date of sale, serve or cause to be served written notice of the proposed sale by certified mail on each debtor obligated to pay or perform any
of the Subject Obligations according to the records of the Lessor. The service of such notice shall be completed five (5) days after the deposit of the notice, enclosed in a postpaid wrapper, properly
addressed to each such debtor at the most recent address (which shall be within the United States of America) as shown by the records of the Lessor, in a post office or official depository under the
care and custody of the United States Postal Service. The affidavit of any person having knowledge of the facts to the effect that such service was completed shall be prima
facie evidence of the fact of service. In this respect and to the full extent it may legally do so, the Lessee also expressly covenants, stipulates, and agrees that: (i) the
address of the Lessee set out in the first paragraph hereof shall be deemed and considered conclusively to be and remain at all times the most recent address of all debtors obligated to pay or perform
the Subject Obligations as shown by the records of the Lessor, provided that such address may be changed to some other address within the United States
of America from time to time only by express written notice of change thereof signed by the Lessee and actually delivered to and received by the Lessor and setting forth a new address which shall be
within the United States of America and which shall be deemed and considered conclusively to be and remain at all times thereafter the recent address of the Lessee as shown by the records of the
Lessor until changed in the manner herein provided, (ii) the records of the Lessor shall not be deemed to reflect any change in the name or identity of the Lessee (to whom notice of a proposed sale
shall be required to be mailed as provided for above) unless and until express written notice of such change signed by the Lessee shall have been actually delivered to and received by the Lessor and
(iii) no 

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notice
of such sale or sales other than the notices hereinabove provided shall be required to be given to the Lessee (or anyone who may claim by, through or under the Lessee) or any other persons and
any other notice (including, without limitation, any notice of acceleration of, or intent to accelerate, the unpaid Lease Balance) is expressly waived. 

        The
provisions of this section with respect to posting, serving, filing and giving notices of sale are intended to comply with the provisions of Section 51.002 of the Property Code of
the State of Texas (such Section 51.002 being referred to as the "Subject Statute"). In the event the requirement for any notice, or the posting,
serving, filing or giving thereof, under the Subject Statute shall be eliminated or the prescribed manner of posting, serving, filing or giving same is modified by future amendment to the
Subject Statute, the requirement for such particular notice shall be stricken from, or the manner of posting, serving, filing or giving any notice hereunder modified in, this Lease Supplement in
conformity with such amendment. The manner herein prescribed for posting, serving, filing or giving any notice, other than that to be posted and filed or caused to be posted or filed by the Deed of
Trust Trustee, shall not be deemed exclusive but such notice or notices may be posted, served, filed or given in any other manner which may be permitted by applicable law. Further, in relation to this
Lease Supplement and the exercise of any power of sale by the Deed of Trust Trustee hereunder, if the Subject Statute shall be amended or modified to require any other notice or the posting, filing,
serving or giving thereof or any statute hereafter enacted shall require any other notice or the posting, filing, serving or giving thereof, the Trustee or the person selected by him is hereby
authorized and empowered by the Lessee to give such notice or make such posting, filing, serving or giving thereof; provided, however, the Lessee waives
such other notice or the posting, filing, service or giving thereof to the full extent the Lessee may lawfully so do. Any provisions of this paragraph, or any amendments to or modifications of the
Subject Statute to the contrary notwithstanding, the time periods provided for in the immediately preceding paragraph in respect of which the notices provided for in said paragraph are to be given
shall not be shortened or eliminated as a result of any such amendment or modification. 

        In
addition to any other remedies granted in this Lease Supplement to the Lessor, the Purchasers or the Deed of Trust Trustee (including specifically, but not limited to, the right to
proceed against all the Subject Property in accordance with the rights and remedies in respect to those portions of the Subject Property which are real property pursuant to Section 9.604(a) of the
Uniform Commercial Code, the Lessor may proceed under the Uniform Commercial Code as to all or any part of the personal property (tangible or intangible) and fixtures included with the Subject
Property (such portion of the Subject Property being referred to herein as the "Personalty") and shall have and may exercise with respect to the
Personalty all the rights, remedies and powers of a secured party under the Uniform Commercial Code, including, without limitation, the right and power to sell, at one or more public or private sales,
or otherwise dispose of, lease or utilize the Personalty and any part or parts thereof in any manner authorized or permitted under the Uniform Commercial Code after default by a debtor, and to apply
the proceeds thereof toward payment of any costs and expenses and attorney's fees and legal expenses thereby incurred by the Lessor, and toward payment of the Subject Obligations in such order or
manner as provided herein. Any requirement of said Code for reasonable notification shall be met by mailing written notice to the Lessee at its address set forth in the first paragraph hereof at least
ten (10) days prior to the sale or other event for which such notice is required. 

        If
at any foreclosure proceeding, the Subject Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall
be entitled to the entry of a deficiency decree against the Lessee and against the property of the Lessee for the amount of such deficiency. THE LESSEE, FOR ITSELF AND ON
BEHALF OF ALL FUTURE OWNERS OF THE SUBJECT PROPERTY, WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW, ITS RIGHT AND BENEFITS UNDER THE PROVISIONS OF SECTIONS 51.003, 51.004 AND 51.005 OF THE TEXAS
PROPERTY CODE, AS MAY BE AMENDED FROM TIME TO TIME. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, IT IS AGREED THAT THE BID PRICE FOR THE SUBJECT PROPERTY WHICH IS ACCEPTED BY THE DEED OF 

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TRUST
TRUSTEE, THE LESSOR OR ANY SUCCESSOR OR SUBSTITUTE DEED OF TRUST TRUSTEE AT ANY FORECLOSURE SALE OF THE SUBJECT PROPERTY SHALL BE CONCLUSIVELY PRESUMED TO BE THE FAIR MARKET VALUE OF THE SUBJECT
PROPERTY.

        The
Lessee waives and surrenders for itself and all persons or entities claiming by, through and under it, including creditors of all kinds: (A) any right and privilege which it or any
of them has under any present or future constitution, statute or rule of law to redeem the Property, or to have a continuance of this Lease Supplement for the Lease Term after termination of the
Lessee's right of occupancy by order or judgment of any court or by any legal process or writ, or under the terms of this Lease, (B) the benefits of any present or future constitution, statute or rule
of law that exempts property from liability for debt or for distress for Rent, (C) any provision of law relating to notice or delay in levy of execution in case of eviction of a tenant for nonpayment
of Rent and (D) any rights, privileges and liens set out under Sections 91.004 and 93.003 of the Texas Property Code (as amended). 

        Should
the Operative Documents, contrary to the express intention of the parties, be deemed a true lease (as opposed to a financing device), the Lessor and the Lessee intend that the
provisions of Section 16.2(f) of the Lease provide to the Lessor the right to accelerate all Rent due under the Lease in the case of an Event of Default as though Rent was due and payable immediately
at such time, and (without limiting the provisions of Section 16.2(f) of the Lease), such remedy is intended to be interpreted to permit the Lessor to so accelerate Rent due by the Lessee. 

        7.    Non-Responsibility.    Nothing contained in this Lease Supplement shall be construed as constituting the consent
or request of the Lessor, the Indenture Trustee, or any other Participant, expressed or implied, to or for the performance by any contractor, mechanic, laborer, materialman, supplier or vendor of any
labor or services or for the furnishing of any materials for any construction, alteration, addition, repair or demolition of or to the Subject Property or any part thereof.  NOTICE IS HEREBY GIVEN THAT NEITHER THE LESSOR NOR THE
INDENTURE TRUSTEE NOR ANY PURCHASER IS OR SHALL BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE
FURNISHED TO THE LESSEE, OR TO ANYONE HOLDING THE SUBJECT PROPERTY OR ANY PART THEREOF THROUGH OR UNDER THE LESSEE, AND THAT NO MECHANIC'S OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS
SHALL ATTACH TO OR AFFECT THE INTEREST OF THE LESSOR, THE INDENTURE TRUSTEE OR ANY PURCHASER IN AND TO THE SUBJECT PROPERTY.

        8.    Ratification.    The terms and provisions of the Master Lease are hereby ratified and confirmed and remain in
full force and effect. In the event of any conflict between the terms of the Master Lease and the terms of this Lease Supplement, the terms of the Master Lease shall control. 

        9.    Governing Law.    This Lease Supplement shall be governed by, and construed and interpreted in accordance with,
the laws of the State of Texas. 

        10.    Counterpart Execution.    This Lease Supplement may be executed in any number of counterparts and by each of
the parties hereto in separate counterparts, all such counterparts together constituting but one and the same instrument. 

        11.    Maximum Recourse Amount.    The percentage applicable to the calculation of the Maximum Recourse Amount for the
Subject Property is set forth on Schedule II hereto. 

        12.    The Deed of Trust Trustee.    The Deed of Trust Trustee is appointed hereunder, and joins in this Lease
Supplement solely for the purpose of effecting the intentions of the parties set forth in Section 2 hereof in the State of Texas. The Deed of Trust Trustee shall at all times be under the control of,
and act pursuant to the directions of, the Lessor and the Purchasers and the Lessee shall have no power to control or direct the Deed of Trust Trustee. The Deed of Trust Trustee may be removed or
replaced in the discretion of the Lessor and the Purchasers. The Lessee shall pay all fees and expenses of the Deed of Trust Trustee in connection with this Lease Supplement and the 

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transactions
contemplated hereby, including all fees and expenses incurred in the exercise of any remedies hereunder. 

        13.    Limitation on Interest; Usury.    All agreements between or among the Lessor, the Lessee and/or any Purchaser,
whether now existing or hereafter arising and whether written or oral, are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of the maturity of
any Note or the Lease Balance or otherwise, shall the amount paid, or agreed to be paid to any party for the use, forbearance or detention of the money or for the payment or performance of any
covenant or obligation contained herein or in the other Operative Documents, exceed the maximum amount permissible under Applicable Law now or as hereafter amended. If from any circumstances
whatsoever fulfillment of any provision hereof or of the other Operative Documents, at the time performance of such provisions shall be due, shall involve transcending the limit of validity prescribed
by applicable usury law, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity, and if from any such circumstance,
any party shall have ever received interest or anything which might be deemed interest under applicable law which would exceed the highest lawful rate, such amount which would be excessive interest
shall be applied to the reduction of the principal amount owing on account of the Notes, the Lease Balance or the amounts owing on other obligations under the Operative Documents and not to the
payment of interest, or if such excessive interest exceeds the unpaid balance of the principal of the Notes, the Lease Balance and the amounts owing on other obligations under the Operative Documents,
as the case may be, such excess shall be refunded. All sums paid or agreed to be paid for the use, forbearance or detention of the Lessor Balance or the Note Balance shall, to the extent permitted by
Applicable Law, (i) be amortized, prorated, allocated and spread throughout the full term of the Lessor Balance or Note Balance (as applicable) until payment in full so that the actual rate of
interest on account of the Lessor Balance or Note Balance (as applicable) does not exceed the maximum amount permissible under Applicable Law now or as hereinafter amended, throughout the term
thereof, (ii) be characterized as a fee, expense or other charge other than interest and/or (iii) exclude any voluntary prepayments and the effects thereof. 

8

 

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

	 	 	LESSEE:
	

 	
 	

SABRE INC., as Lessee
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name:

Title:
	

 	
 	

LESSOR:
	

 	
 	

CLS LEASING INC., as Lessor
	

 	
 	

By	
 	

 
	 	 	 	 	
 Name:

Title:

9

 

	STATE OF TEXAS	 	)	 	 
	 	 	)	 	SS
	COUNTY OF                         	 	)	 	 

        This
instrument was acknowledged before me on June            , 2003            ,
the            of SABRE INC., a Delaware corporation, on behalf of said corporation. 

	[NOTARIAL SEAL]	 	  

	 	 	Notary Public, State of                         
	Commission Expires:	 	 
	

	
 	

 

10

 

	STATE OF TEXAS	 	)	 	 
	 	 	)	 	SS
	COUNTY OF                         	 	)	 	 

        I,
the undersigned, a Notary Public in and for said County, in the State aforesaid, do hereby certify that  [            ], the [            ] of CSL LEASING
INC., an Delaware corporation, who is personally known to me to be the same person whose name is subscribed to the foregoing instrument as such  [            ]
, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as
his own free and voluntary act and as the free and voluntary act and deed of said corporation for the uses and purposes therein set forth. 

        Given
under my hand and notarial seal, this            day of June, 2003. 

	[NOTARIAL SEAL]	 	Notary Public
	

 	
 	

(TYPE OR PRINT NAME)
	

(SEAL)	
 	

 
	

Commission Expires:	
 	

 
	

	
 	

 

11

QuickLinks

Exhibit 10.1(c)

Lease Supplement No. 1 (Memorandum of Lease Supplement, Memorandum of Master Lease and Deed of Trust Fixture Filing and Memorandum of Option to Purchase)

WITNESSETHQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1(d)    
    

TRUST INDENTURE AND SECURITY AGREEMENT  

Dated as of June 15, 2003  

 between  

CSL LEASING INC.  

and  

WILMINGTON TRUST COMPANY, AS INDENTURE TRUSTEE  

  

 
 

TABLE OF CONTENTS    
    

	 
	 	 
	 
	 	Page

	ARTICLE I	 	DEFINITIONS	 	2
	 	

SECTION 1.1.	

Definitions	
 	

2
	

ARTICLE II	
 	

THE NOTES	
 	

2
	 	

SECTION 2.1.	

Issuance of Series A Notes; Limitation of Principal Amount, Interest Rate and Maturity Date	
 	

2
	 	SECTION 2.2.	Issuance of Series B Notes; Limitation of Principal Amount, Interest Rate and Maturity Date	 	3
	 	SECTION 2.3.	Denominations; Execution of Notes; Certificate of Authentication	 	3
	 	SECTION 2.4.	Payment of the Notes	 	4
	 	SECTION 2.5.	The Register	 	4
	 	SECTION 2.6.	Exchanges of Notes	 	4
	 	SECTION 2.7.	Transfers; Assignments and Pledges of Notes	 	5
	 	SECTION 2.8.	The New Notes	 	5
	 	SECTION 2.9.	Cancellation of Notes	 	6
	 	SECTION 2.10.	Indenture Trustee as Agent	 	6
	 	SECTION 2.11.	Ownership	 	6
	

ARTICLE III	
 	

APPLICATION OF RENT	
 	

6
	

ARTICLE IV	
 	

COVENANTS OF THE LESSOR	
 	

7
	 	

SECTION 4.1.	

Warranty of Title	
 	

7
	 	SECTION 4.2.	Payment of Principal, Make-Whole Amount and Interest	 	7
	 	SECTION 4.3.	[Intentionally Reserved]	 	7
	 	SECTION 4.4.	[Intentionally Reserved]	 	7
	 	SECTION 4.5.	[Intentionally Reserved]	 	7
	 	SECTION 4.6.	Repurchase of Notes	 	7
	

ARTICLE V	
 	

RELEASE OF PROPERTIES	
 	

7
	 	

SECTION 5.1.	

Release of Properties	
 	

7
	

ARTICLE VI	
 	

REPAYMENT AND PREPAYMENT OF NOTES	
 	

8
	 	

SECTION 6.1.	

Repayments and Prepayments and Manner Thereof	
 	

8
	 	SECTION 6.2.	Scheduled Repayment	 	8
	 	SECTION 6.3.	Prepayment Regarding an Event of Loss	 	8
	 	SECTION 6.4.	Prepayment from Purchase Payments by the Lessee	 	8
	 	SECTION 6.5.	[Intentionally Reserved]	 	8
	 	SECTION 6.6.	[Intentionally Reserved]	 	8
	 	SECTION 6.7.	Allocation of Partial Prepayments	 	8
	

ARTICLE VII	
 	

INDENTURE EVENTS OF DEFAULT AND REMEDIES	
 	

9
	 	

SECTION 7.1.	

Definition of Indenture Event of Default; Acceleration of Maturity	
 	

9
	 	SECTION 7.2.	Completed Default; Acceleration of Maturity	 	10
	 	SECTION 7.3.	Suits for Enforcement; Power of Sale	 	10
	 	SECTION 7.4.	[Intentionally Reserved]	 	11
	 	 	 	 	 	 

i

 

	 	SECTION 7.5.	Foreclosure and Sale of Properties	 	11
	 	SECTION 7.6.	Adjournment of Sale	 	11
	 	SECTION 7.7.	Indenture Trustee May Execute Conveyances and Deliver Possession; Sale a Bar	 	11
	 	SECTION 7.8.	Receipt Sufficient Discharge for Purchaser	 	12
	 	SECTION 7.9.	Sale to Accelerate Notes	 	12
	 	SECTION 7.10.	Application of Proceeds of Sale	 	12
	 	SECTION 7.11.	Purchase of Properties	 	12
	 	SECTION 7.12.	Indenture Trustee Entitled to Appointment of Receiver	 	12
	 	SECTION 7.13.	Indenture Trustee May Enforce Rights Without Notes	 	13
	 	SECTION 7.14.	Notice of Event of Default; Waiver; Rescission	 	13
	 	SECTION 7.15.	Limitation on Purchasers' Right to Sue	 	13
	 	SECTION 7.16.	Remedies Cumulative	 	14
	 	SECTION 7.17.	Delay or Omission Not a Waiver	 	14
	 	SECTION 7.18.	Waiver of Extension; Appraisement, Stay, Laws	 	14
	 	SECTION 7.19.	Restoration of Positions	 	14
	 	SECTION 7.20.	[Intentionally Reserved]	 	14
	 	SECTION 7.21.	Indenture Trustee May File Proofs of Claims	 	14
	 	SECTION 7.22.	Remedies Subject to Provisions of Law	 	15
	

ARTICLE VIII	
 	

THE INDENTURE TRUSTEE	
 	

15
	 	

SECTION 8.1.	

Duties of Indenture Trustee	
 	

15
	 	SECTION 8.2.	Indenture Trustee's Liability	 	16
	 	SECTION 8.3.	No Responsibility of Indenture Trustee for Recitals	 	17
	 	SECTION 8.4.	Certain Limitations on Indenture Trustee's Rights to Compensation and Indemnification	 	18
	 	SECTION 8.5.	Moneys Received by Indenture Trustee: Trust Funds—Segregation	 	18
	 	SECTION 8.6.	Resignation of Indenture Trustee	 	18
	 	SECTION 8.7.	Removal of Indenture Trustee	 	18
	 	SECTION 8.8.	Appointment of Successor Indenture Trustee	 	19
	 	SECTION 8.9.	Succession of Successor Indenture Trustee	 	19
	 	SECTION 8.10.	Eligibility of Indenture Trustee	 	19
	 	SECTION 8.11.	Successor Indenture Trustee by Merger	 	19
	 	SECTION 8.12.	Co-Indenture Trustee	 	19
	

ARTICLE IX	
 	

WAIVERS; SUPPLEMENTAL INDENTURES	
 	

21
	 	

SECTION 9.1.	

Waivers and Consents by Purchasers; Supplemental Indentures	
 	

21
	 	SECTION 9.2.	Notice of Supplemental Indenture	 	21
	 	SECTION 9.3.	Opinion of Counsel Conclusive as to Supplemental Indenture	 	22
	

ARTICLE X	
 	

ACTION BY PURCHASERS	
 	

22
	 	

SECTION 10.1.	

Evidence of Action by Purchasers	
 	

22
	 	SECTION 10.2.	Purchasers' Execution of Instruments; Proof of Holdings	 	22
	

ARTICLE XI	
 	

DISCHARGE OF INDENTURE; ETC	
 	

22
	 	

SECTION 11.1.	

Discharge	
 	

22
	 	SECTION 11.2.	Indenture Trustee's Retention of Moneys Deposited for Payment of Notes	 	23
	 	SECTION 11.3.	Estoppel Certificates	 	23
	 	 	 	 	 	 

ii

 

	

ARTICLE XII	
 	

[INTENTIONALLY RESERVED]	
 	

23
	

ARTICLE XIII	
 	

MISCELLANEOUS PROVISIONS	
 	

23
	 	

SECTION 13.1.	

Recapture	
 	

23
	 	SECTION 13.2.	Indenture for Benefit of Parties Hereto	 	24
	 	SECTION 13.3.	Severability	 	24
	 	SECTION 13.4.	Basis of Opinions of Counsel and Certificates	 	24
	 	SECTION 13.5.	Addresses for Notices and Demands	 	24
	 	SECTION 13.6.	Successors and Assigns	 	24
	 	SECTION 13.7.	Counterparts; Descriptive Headings	 	25
	 	SECTION 13.8.	Limitations of Liability	 	25
	 	SECTION 13.9.	Governing Law	 	25

iii

  

 
 

TRUST INDENTURE AND SECURITY AGREEMENT    
    

        THIS TRUST INDENTURE AND SECURITY AGREEMENT dated as of June 15, 2003 (as amended, amended and restated,
supplemented or otherwise modified from time to time, this "Indenture"), between CSL LEASING INC., a Delaware corporation (the
"Lessor"), and WILMINGTON TRUST COMPANY, a Delaware banking corporation (the
"Indenture Trustee"). 

        WHEREAS, pursuant to the terms of the Participation Agreement dated as of June 15, 2003 (the "Participation
Agreement") among the Lessor, the Indenture Trustee, Sabre Inc., as Lessee, Sabre Holdings Corporation, as Lessee Guarantor and the Institutional Investors named on
Schedule II thereto, and the Deed and Bill of Sale delivered pursuant thereto, the Lessor has purchased all right, title and interest in and to the Properties; 

        WHEREAS, the Lessor has the power and proposes to issue its (i) 5.37% Senior Secured Notes, Series A due June 26, 2013 (the
"Series A Notes") and (ii) 5.37% Senior Secured Notes, Series B due June 26, 2013 (the "Series B
Notes" and, together with the Series A Notes, the "Notes") under and secured by this Indenture and to secure the Notes
and to provide for their authentication and delivery by the Indenture Trustee, the Lessor has duly authorized the execution and delivery of this Indenture; and 

        WHEREAS, the parties desire by this Indenture, among other things, (i) to provide for the issuance by the Lessor of the Notes in
accordance with this Indenture and (ii) to provide for the assignment, mortgage and pledge by the Lessor to the Indenture Trustee, as part of the Indenture Estate hereunder, among other things,
all of the Lessor's right, title and interest in and to the Properties and the Operative Documents and the payments and other amounts received hereunder or thereunder (other than Excepted Payments and
Excepted Rights and subject to the Shared Rights) in accordance with the terms hereof, as security for, among other things, the Lessee's and the Lessor's obligations to the Indenture Trustee and under
the Operative Documents; 

        WHEREAS, all things necessary to make the Notes, when executed by the Lessor and authenticated and delivered by the Indenture Trustee
hereunder, the valid obligations of the Lessor, and to constitute this Indenture, together with the other Security Documents, a valid pledge, assignment, security agreement and contract for security
of the Notes in accordance with the terms of this Indenture, have been done or authorized; 

 
 

GRANTING CLAUSE    
    

        NOW, THEREFORE, in consideration of the Properties, the acceptance by the Indenture Trustee of the trust created
hereby, the purchase and acceptance of the Notes by the Purchasers and of the sum of Ten Dollars and other good and valuable consideration, receipt whereof upon the delivery of this Indenture the
Lessor hereby acknowledges, and in order to secure the equal and pro rata payment of both the principal of and interest and Make-Whole Amount, if any, on or in respect of the Notes according to the
terms thereof and all other amounts due and owing to the Indenture Trustee and the Purchasers under this Indenture, the Notes and the other Operative Documents and the performance and observance of
all covenants, terms and conditions contained in this Indenture, the Notes and the other Operative Documents and the payment of amounts owing to the Indenture Trustee or the Purchasers under this
Indenture, the Notes and the other Operative Documents or the Notes and the performance and observance of all covenants, terms and conditions of, and the payment of all amounts owing from, the Lessee
or the Lessor to or for the benefit of the Purchasers and/or the Indenture Trustee under the Participation Agreement or in connection therewith and to declare the terms and conditions upon and subject
to which the Notes are to be secured, the Lessor has executed and delivered this Indenture and certain other agreements referred to herein to which it is a party, and has pledged, and by these
presents does pledge, unto the Indenture Trustee and to its successors in the trust hereby created all of the Lessor's estate, right, title and interest (other than Excepted Payments 

1

 

and
Excepted Rights and subject to the Shared Rights) in, to and under any and all of the Properties (and including any substitute or substitutes therefor or replacement or replacements thereof as and
to the extent required under this Indenture or any of the other Security Documents and, the Operative Documents, any and all monies and other properties delivered to the Indenture Trustee hereunder
and all income and proceeds from any of the foregoing), which together with all of the benefits and rights of the Indenture Trustee and the Purchasers arising by, through, under or on account of this
Indenture, the Notes or any other Security Document are hereinafter collectively called the "Indenture Estate." 

        SUBJECT, HOWEVER, to and excluding from the Indenture Estate any and all Excepted Payments and Excepted Rights, and subject to the Shared
Rights, and provided that the Indenture Trustee shall apply all payments received by it with respect to the Indenture Estate in accordance with Article
VII of the Participation Agreement. 

        TO HAVE AND TO HOLD all and singular the Indenture Estate whether now owned or held or hereafter acquired, unto the Indenture Trustee, its
successors in trust and assigns forever and for the uses and purposes and subject to the terms and conditions set forth in this Indenture; 

        IN TRUST, NEVERTHELESS, for the equal and ratable benefit and security of the Notes from time to time Outstanding hereunder, without
preference, priority or distinction of any thereof over any other by reason of difference in time of issuance, sale, authentication, delivery or otherwise (except as otherwise
provided in any Operative Document), and for the enforcement of the payment of the principal of, Make-Whole Amount, if any, and interest on the Notes in accordance with their terms, and all other sums
payable by the Lessor under this Indenture or any of the other Security Documents or by the Lessor under the Participation Agreement and the observance and performance of the provisions of this
Indenture and the other Security Documents, all as herein provided. 

        IT IS HEREBY COVENANTED, DECLARED AND AGREED, that the Notes are to be issued, authenticated, delivered by the Indenture Trustee and
secured, and that the Indenture Estate is to be held, dealt with and disposed of by the Indenture Trustee, upon and subject to the provisions of this Indenture. 

        IT IS HEREBY FURTHER COVENANTED, DECLARED AND AGREED, that all the Notes are to be authenticated and delivered and the Indenture Estate is
to be held and applied by the Indenture Trustee, subject to the further covenants, conditions and trusts hereinafter set forth, and the Lessor does hereby covenant and agree to and with the Indenture
Trustee, for the equal and proportionate benefit of all of the Purchasers as follows: 

 
 

ARTICLE I
  
  
  DEFINITIONS    
    

        SECTION 1.1. Definitions.    The capitalized terms used in this Indenture (including the foregoing recitals) and not otherwise
defined herein shall have the respective meanings set forth in Appendix A to the Participation Agreement and the rules of usage set forth in such  Appendix A shall apply hereto, in each case, unless the context shall otherwise require. As used in this Indenture, the term "parties" means,
collectively, the Lessor and the Indenture Trustee. 

 
 

ARTICLE II
  
    THE NOTES    
    

        SECTION 2.1. Issuance of Series A Notes; Limitation of Principal Amount, Interest Rate and Maturity Date.
(a) There is hereby created under this Indenture a series of Notes entitled 5.37% Senior Secured Notes, Series A due June 26, 2013, limited to $150,054,000 in aggregate principal amount (the
"Series A Notes"). The Series A Notes shall be issuable as fully registered Notes in the form attached hereto as  Exhibit A. 

2

 

        (b)   The
Series A Notes shall be dated the date of issuance thereof, shall bear interest on the unpaid principal amount thereof at the rate of 5.37% per annum from such date
(computed on the basis of a 360-day year of twelve 30-day months) and on overdue payments at the rate specified therein, and will be expressed to mature as follows: 

        (i)    semiannual
installments of accrued and unpaid interest on the 26th day of June and December, commencing December 26, 2003, to and including December 26,
2012; and 

        (ii)   a
final installment on June 26, 2013, in an amount equal to the entire principal and interest remaining unpaid as of said date. 

        (c)   The
Series A Notes and the Indenture Trustee's certificate of authentication to be borne by such Series A Notes shall be substantially in the form set forth in  Exhibit A hereto, and the Series A Notes
may have such letters, numbers or other marks of identification or designation and such legends or
endorsements thereon as the Lessor may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or any rule or regulation made
pursuant thereto, and in any such event as are acceptable to the Purchasers. The Series A Notes shall be registered in the name of each Purchaser or in the name of its nominee (as may be requested by
such Purchaser). 

        SECTION 2.2. Issuance of Series B Notes; Limitation of Principal Amount, Interest Rate and Maturity Date. (a) There is hereby
created under this Indenture a series of Notes entitled 5.37% Senior Secured Notes, Series B due June 26, 2013 limited to $18,546,000 in aggregate principal amount (the
"Series B Notes"). The Series B Notes shall be issuable as fully registered Notes in the form attached hereto as  Exhibit B. 

        (b)   The
Series B Notes shall be dated the date of issuance thereof, shall bear interest on the unpaid principal amount thereof at the rate of 5.37% per annum from such date
(computed on the basis of a 360-day year of twelve 30-day months) and on overdue payments at the rate specified therein, and will be expressed to mature as follows: 

        (i)    semiannual
installments of accrued and unpaid interest on the 26th day of June and December, commencing December 26, 2003 to and including December 26, 2012; and 

        (ii)   a
final installment on June 26, 2013, in an amount equal to the entire principal and interest remaining unpaid as of said date. 

        (c)   The
Series B Notes and the Indenture Trustee's certificate of authentication to be borne by such Series B Notes shall be substantially in the form set forth in  Exhibit B hereto, and the Series B Notes
may have such letters, numbers or other marks of identification or designation and such legends or
endorsements thereon as the Lessor may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or any rule or regulation made
pursuant thereto, and in any such event as are acceptable to the Purchasers. The Series B Notes shall be registered in the name of each Purchaser or in the name of its nominee (as may be
requested by such Purchaser). 

        SECTION 2.3. Denominations; Execution of Notes; Certificate of Authentication.    Each Note shall be in the denomination of at
least $10,000 as the Purchaser thereof shall request. The Notes shall be signed on behalf of the Lessor by one of its Authorized Officers. In case any officer who shall have signed any Note shall
cease to be such officer before such Note shall have been authenticated by the Indenture Trustee or delivered by the Lessor, such Note may nevertheless be executed and delivered with the same force
and effect as though the Person or Persons who signed such Note had not ceased to be such officer of the Lessor; and any Note may be signed on behalf of the Lessor by a Person who, at the actual date
of execution of such Note, shall be a proper officer of the Lessor, although at the date of such Note, such Person was not then such officer of the Lessor. Only such Notes as shall bear 

3

 

thereon
a certificate of authentication substantially in the form set forth in Annex 1 to Exhibit A or Exhibit
B hereto, as applicable, shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose. Such certificate by the Indenture Trustee upon any Note
executed by the Lessor shall be conclusive evidence that the Note so authenticated has been duly authenticated and delivered hereunder and that the registered holder thereof is entitled to the
benefits of this Indenture. The authentication by the Indenture Trustee of any Note issued hereunder shall not be construed as a representation or warranty by the Indenture Trustee as to the validity
or security of this Indenture or of such Note, and the Indenture Trustee shall in no respect be liable or answerable for the use made of such Note or the proceeds thereof. 

        SECTION 2.4. Payment of the Notes.    (a) The principal of, Make-Whole Amount, if any, and interest on the Notes shall be
payable at the principal office of the Indenture Trustee, in lawful money of the United States. 

        (b)   Notwithstanding
the provisions of the preceding clause (a), if any Institutional Investor is a holder of a Note or if any Note is registered in the name of any Purchaser
named in a written notice to the Indenture Trustee stating that the provisions of this Section 2.4(b) shall apply (Schedule II to the Participation
Agreement constituting such notice for the original purchasers), the Indenture Trustee shall make payment of interest on such Notes and shall make payments or prepayments of the principal thereof, and
Make-Whole Amount, if any, promptly upon receipt thereof from the Lessee or the Lessor, but in any event before 1:00 p.m. (New York time) on the date of receipt thereof if received prior to 12:00 noon
(New York time) on such date or, if received later or in funds which are not immediately available, then promptly after funds have been received by the Indenture Trustee in cash or in solvent credits
(immediately available funds) acceptable to it, by wire transfer in immediately available federal reserve funds to such bank in the continental United States as set forth in Schedule II to the
Participation Agreement in the case of the initial Purchasers or as shall be specified in writing to the Indenture Trustee by any other Purchaser. All payments so made shall be valid and effectual to
satisfy and discharge the liability upon such Note to the extent of the sums so paid. The Indenture Trustee is authorized to act in accordance with the foregoing provisions and shall not be liable or
responsible to any such Purchaser or to the Lessor or to any other Person for any act or omission on the part of the Lessor or such Purchaser in connection therewith. 

        SECTION 2.5. The Register.    The Indenture Trustee shall keep at its principal office a register for the registration and
transfer of the Notes (the "Register"). The names and addresses of each Purchaser, the transfers of the Notes and the names and addresses of the
transferees of the Notes shall be registered in the Register. 

 SECTION 2.6. Exchanges of Notes.  

        (a)   Any
Purchaser may at any time surrender any Note at the principal office of the Indenture Trustee in exchange for an equal aggregate principal amount of new Notes but in
any authorized denominations. 

        (b)   All
Notes presented or surrendered for exchange or transfer shall be accompanied by a written instrument or instruments of assignment or transfer, in form reasonably
satisfactory to the Indenture Trustee, duly executed by the applicable Purchaser or by its attorney duly authorized in writing. The Lessor and the Indenture Trustee shall not be required to make a
transfer or an exchange of any Note for a period of ten days preceding any Scheduled Payment Date with respect thereto. 

        (c)   In
case any Note shall become mutilated or be destroyed, lost or stolen, the Lessor, upon the written request of the applicable Purchaser, shall execute and the
Indenture Trustee shall authenticate and deliver, a new Note in exchange and substitution for the mutilated Note, or in lieu of and substitution for the Note so destroyed, lost or stolen, which new
Note shall be of the same series and in a principal amount equal to the original principal amount of such mutilated, destroyed, lost or stolen 

4

 

Note.
In every case the applicant for a substituted Note shall furnish to the Lessor and to the Indenture Trustee such security or indemnity as may be reasonably required by them to save each of them
harmless from all risks, and the applicant shall also furnish to the Lessor and to the Indenture Trustee evidence to their reasonable satisfaction of the destruction, loss or theft of the applicant's
Note and of the ownership thereof. In case any Note which has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Lessor may, instead of issuing a substituted
Note, pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Note), if the applicant for such payment shall furnish to the Lessor and to the Indenture
Trustee such security or indemnity as they may require to save them harmless, and evidence to the reasonable satisfaction of the Lessor and the Indenture Trustee of the destruction, loss or theft of
such Note and of the ownership thereof. 

        If
an Institutional Investor or its nominee or Affiliate is the owner of any destroyed, lost or stolen Note, then the affidavit of its President, Vice President, Assistant Vice
President, Treasurer, Assistant Treasurer or any other Person authorized to act on behalf of such Institutional Investor in form reasonably satisfactory to the Lessor and the Indenture Trustee and
setting forth the fact of destruction, loss or theft and the Institutional Investor's ownership of the Note at the time of such destruction, loss or theft, shall be accepted as satisfactory evidence
thereof and no indemnity shall be required as a condition to execution and delivery of a new Note other than the written agreement of the Institutional Investor, in form satisfactory to the Lessor and
the Indenture Trustee, to indemnify the Lessor and the Indenture Trustee. 

        (d)   No
notarial act shall be necessary for the transfer or exchange of any Note pursuant to this Section 2.6 or  Section 2.7, and the registered holder of any
Note issued as provided in this Section 2.6
or Section 2.7 shall be entitled to any and all rights and privileges granted under this Indenture to a Purchaser. 

        (e)   Any
Note issued pursuant to this Section 2.6 or Section 2.7 in
connection with the presentment or surrender for exchange or transfer of any Note shall be of the same series as the Note so presented or surrendered for exchange or transfer. 

        SECTION 2.7. Transfers; Assignments and Pledges of Notes.    Each Purchaser, by its acceptance thereof, agrees that if such
Purchaser shall sell or transfer any Note, such Purchaser shall notify the Lessor and the Indenture Trustee of the name and address of the transferee, and such Purchaser will, prior to the delivery of
such Note, make a notation on such Note of the date to which interest has been paid thereon and of the amount of any prepayments made on account of the principal thereof. Any
Purchaser may transfer a Note held by it upon the surrender thereof at the principal office of the Indenture Trustee; provided, however, that any such
transfer shall be made in compliance with the Securities Act and applicable regulations thereunder and any applicable state securities laws but the Indenture Trustee shall have no obligation to see to
compliance with any conditions to transfer of Notes. Thereupon, the Lessor shall execute in the name of the transferee a new Note or Notes in aggregate principal amount equal to the aggregate unpaid
principal amount of the Note so surrendered, and the Indenture Trustee shall authenticate and deliver such new Note or Notes to such transferee. 

        SECTION 2.8. The New Notes.    (a) Each new Note (herein in this Section 2.8
called a "New Note") issued pursuant to Section 2.6(a) or (c) or  Section 2.7 in exchange for or in
substitution or in lieu of an Outstanding Note (herein in this Section
2.8 called an "Old Note") shall be dated the date of such Old Note and shall be of the same series as such Old Note. The
Indenture Trustee shall mark on each New Note (i) the date to which principal and interest have been paid on such Old Note and (ii) all payments and prepayments of principal previously
made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid on such New Note to the date on which 

5

 

interest
shall have been paid on such Old Note, and all payments and prepayments of principal marked on such New Note, as provided in clause (ii) above, shall be deemed to have been made
thereon. 

        (b)   Upon
the issuance of a New Note pursuant to Section 2.6(a) or (c) or Section
2.7, the Lessor or the Indenture Trustee may require the payment by the Person registering such New Note of a sum to reimburse it for, or to provide it with funds for, the
payment of any tax or other governmental charge which is paid or payable by the Lessor or the Indenture Trustee in connection with the transfer or exchange. 

        (c)   All
New Notes issued pursuant to Section 2.6(a) or (c) or Section 2.7 in
exchange for or in substitution or in lieu of Old Notes shall be valid obligations of the Lessor evidencing the same debt as the Old Notes and shall be entitled to the benefits and security of this
Indenture and the other Security Documents to the same extent as the Old Notes. 

        SECTION 2.9. Cancellation of Notes.    All Notes surrendered for the purpose of payment, redemption, transfer or exchange shall
be delivered to the Indenture Trustee for cancellation or, if surrendered to the Indenture Trustee, shall be cancelled by it, and no Notes shall be issued in lieu thereof except as expressly required
or permitted by any of the provisions of this Indenture. The Indenture Trustee shall hold all such cancelled Notes until this Indenture shall have been discharged, at which time the Indenture Trustee
shall either deliver such cancelled Notes in a manner necessary to effect the discharge and release of this Indenture of record or, if no such delivery is necessary, shall deliver such cancelled Notes
to the Lessor. The Indenture Trustee shall deliver a certificate to the Lessor specifying any cancellation of Notes which has been made. If the Lessor shall acquire any of the Notes, however, such
acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes unless and until the same are surrendered to the Indenture Trustee for cancellation. 

        SECTION 2.10. Indenture Trustee as Agent.    The Indenture Trustee is hereby appointed the agent of the Lessor for the payment,
registration, transfer and exchange of Notes. Subject to the provisions of Section 2.4(b), Notes may be presented for payment at, and notices or demands
with respect to the Notes or this Indenture may be served or made at, the principal office of the Indenture Trustee, provided that copies of all such notices or demands shall be delivered to the
Lessor. 

        SECTION 2.11. Ownership.    The Person in whose name any Note shall be registered shall be deemed and treated as the owner
thereof for all purposes of this Indenture and neither the Lessor nor the Indenture Trustee shall be affected by any notice to the contrary. Payment of or on account of the principal of, Make-Whole
Amount, if any, and interest on such Note shall be made only to the registered owner in the manner provided for herein. For the purpose of any request, direction or consent hereunder, the Lessor and
the Indenture Trustee may deem and treat the registered owner of any Note as the owner thereof without production of such Note. 

 
 

ARTICLE III
  
  
  APPLICATION OF RENT    
    

        All Rent and other amounts received by the Indenture Trustee pursuant to the terms of any Operative Document, and all payments on or relating to the Notes, shall
be applied and distributed by the Indenture Trustee in accordance with Article VII of the Participation Agreement. 

6

 

 
 

ARTICLE IV
  
  
  COVENANTS OF THE LESSOR    
    

        The Lessor covenants with the Indenture Trustee for the benefit of the Indenture Trustee and the Purchasers as follows: 

        SECTION 4.1. Warranty of Title.    THE LESSOR MAKES (a) NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE TITLE,
VALUE, HABITABILITY, COMPLIANCE WITH SPECIFICATIONS, FITNESS FOR USE, CONDITION, DESIGN, OPERATION, MERCHANTABILITY, FREEDOM FROM PATENT OR TRADEMARK
INFRINGEMENT, FREEDOM FROM LATENT OR HIDDEN DEFECT OR FAILURE OF THE PROPERTIES (OR ANY PART THEREOF) TO COMPLY WITH ANY APPLICABLE LAWS OR FITNESS FOR USE OF THE PROPERTIES (OR ANY PART THEREOF) OR
ANY OTHER REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTIES (OR ANY PART THEREOF), except that the Lessor hereby represents and warrants that on the Acquisition
Date the Lessor shall have received whatever title and rights to the Properties as were conveyed to it by the Deed and the Bill of Sale and the Lessor will warrant and defend the title to the
Properties against Lessor Liens attributable to it, and (b) no representation or warranty as to the validity, sufficiency, legality or enforceability of any Operative Document, or as to the
correctness of any statement contained therein except as set forth in Section 8.3 of the Participation Agreement. 

        SECTION 4.2. Payment of Principal, Make-Whole Amount and Interest.    Subject always to  Section 13.8, the Lessor will duly and punctually pay the principal of, Make-Whole Amount, if any, and interest on, each and every Note, in
accordance with the Notes and this Indenture, at the dates and the places and in the manner set forth in the Notes and in this Indenture. 

        SECTION 4.3.    [Intentionally Reserved]. 

        SECTION 4.4.    [Intentionally Reserved]. 

        SECTION 4.5.    [Intentionally Reserved]. 

        SECTION 4.6. Repurchase of Notes.    Neither the Lessor nor any Affiliate thereof, directly or indirectly, may repurchase or
make any offer to repurchase any Notes unless the offer has been made to repurchase Notes, pro rata, from all Purchasers at the same time and upon the same terms. In case the Lessor or any of its
Affiliates repurchases any Notes, such Notes shall remain Outstanding solely for the purpose of permitting the Purchaser holding such Note to collect and retain its pro rata share of the payments of
principal, Make-Whole Amount, if any, and interest accrued on the Notes but in no event shall such Notes be deemed to be Outstanding for purposes of any determination or decision to be made by the
Purchasers hereunder or under any of the other Operative Documents or for purposes of any written direction of action to be taken by the Indenture Trustee hereunder or under any of the other Operative
Documents or for any other reason whatsoever other than for purposes of receiving payment in respect of the Notes as set forth above. 

 
 

ARTICLE V
  
  
  RELEASE OF PROPERTIES    
    

        SECTION 5.1. Release of Properties.    If the Lessee shall at any time (i) purchase any the Properties pursuant to Section 15.1
of the Lease or (ii) exercise its Purchase Option with respect to the Properties, or if any or all of the Properties shall be purchased by the Lessee (or its designees) in accordance with the Master
Lease, and in each case, the Lessee satisfies each of the obligations and conditions set forth in the Master Lease for the release of a Property therefrom, then, upon satisfaction 

7

 

of
all of the conditions of Section 10.4 of the Participation Agreement, each such Property shall be released from the Liens created by the Operative Documents (including any Liens created by the
Lease Supplement covering such Property, the Deed of Trust and the Assignment of Lease and Rent) and the Indenture Trustee and the Lessor shall, at the expense of the Lessee, execute and deliver such
instruments as the Lessee may reasonably request to effectuate and evidence such releases. 

 
 

ARTICLE VI
  
  
  REPAYMENT AND PREPAYMENT OF NOTES    
    

        SECTION 6.1. Repayments and Prepayments and Manner Thereof.    The Notes shall be subject to repayment, prepayment or redemption
in whole or in part at the option of the Lessor to the extent and in the manner provided for in this Article VI. All amounts received by the Indenture
Trustee pursuant to this Article VI shall be applied to the prepayment, prepayment or redemption in whole or in part of the Notes as provided in  Article III. 

        SECTION 6.2. Scheduled Repayment.    The Lessor shall repay the entire principal amount of the Notes, together with accrued and
unpaid interest thereon and all other sums due and owing to the Purchasers under the Operative documents, on the Maturity Date. 

        SECTION 6.3. Prepayment Regarding an Event of Loss.    In the event of a termination of the Lease pursuant to the provisions of
Sections 14.2 and 15.1 of the Master Lease, the Lessor shall then and thereupon prepay and apply, and there shall become due and payable on the principal indebtedness evidenced by the Notes, on the
Expiration Date, an amount equal to the Lease Balance as of said Expiration Date (including, without limitation, the Make-Whole Amount). 

 SECTION 6.4. Prepayment from Purchase Payments by the Lessee.  

        (a)   In
the event of the purchase of all of the Properties in connection with the exercise of the Purchase Option under Section 18.1(a) of the Master Lease, or compliance
with the obligation to purchase (or cause its designee to purchase) all of the Properties in accordance with Section 18.2 or 18.3 of the Master Lease, the Lessor shall then and thereupon prepay and
apply, and there shall become due and payable on the principal indebtedness evidenced by the Notes, on the Scheduled Payment Date which is the date of such purchase, an amount equal to such portion of
the Purchase Option Price constituting the Basic Rent payable to the Purchasers on such Scheduled Payment Date in respect of the Property, plus the Make-Whole Amount, if any, and all other amounts due
and payable to the Purchasers on such Scheduled Payment Date. 

        (b)   In
the event of the purchase of the Solana Parcel or all or a portion of the Undeveloped Parcel in connection with the exercise of the Partial Purchase Option under
Section 18.1(b) of the Master Lease, the Lessor shall then and thereupon prepay and apply, and there shall thereupon become due and payable on the principal indebtedness evidenced by the Notes,
on the Scheduled Payment Date which is the date of such purchase, an amount equal to such portion of the Partial Purchase Option Price constituting the Basic Rent payable to the Purchasers on such
Scheduled Payment Date in respect of the Solana Parcel or the Undeveloped Parcel, as applicable, plus the Make-Whole Amount, if any, and all other amounts due and payable to the Purchasers on such
Scheduled Payment Date. 

        SECTION 6.5.    [Intentionally Reserved]. 

        SECTION 6.6.    [Intentionally Reserved] 

        SECTION 6.7. Allocation of Partial Prepayments.    The aggregate principal amount of each partial prepayment of the Notes shall,
subject in all cases to Article VII of the Participation Agreement, be allocated among the Notes at the time Outstanding in proportion, as nearly as practicable, to the 

8

 

respective
unpaid principal amounts of the Notes then Outstanding, with adjustments, to the extent practicable, to equalize for any prior prepayments not in such proportion. 

 
 

ARTICLE VII
  
  
  INDENTURE EVENTS OF DEFAULT AND REMEDIES    
    

        SECTION 7.1. Definition of Indenture Event of Default; Acceleration of Maturity. The following events are hereby
defined for all purposes of this Indenture as "Indenture Events of Default": 

        (a)   (i)
any default in the payment or prepayment of the principal of any Note or in the payment of the Make-Whole Amount, if any, payable pursuant to  Section 6.3 or 6.4, in any such case when and as the same
shall become due and payable, whether at the due date thereof or at the date fixed for
prepayment or acceleration or otherwise, or (ii) any default in the payment of interest on any Note and such default shall continue for three (3) Business Days, or (iii) any default in the payment of
any other amount due under the Notes or the other Operative Documents to the Purchasers for five (5) days after the Lessor has received notice of such default; or 

        (b)   any
Lease Event of Default shall have occurred and be continuing; or 

        (c)   the
Lessor shall make or purport to make any transfer of its rights in the Properties or the Operative Documents in violation of Section 12.2 of the Participation
Agreement; or 

        (d)   any
default on the part of the Lessor or the Lessor Parent in the due observation or performance of any other of its covenants or agreements to be observed or performed
hereunder or to be performed under any of the other Operative Documents and any such default shall continue unremedied for 30 days after written notice from the Indenture Trustee or any Purchaser to
the Lessor or the Lessor Parent specifying the default and demanding the same to be remedied; or 

        (e)   any
representation or warranty made by the Lessor or the Lessor Parent in any of the Operative Documents or made by the Lessor to the Indenture Trustee or any Purchaser
in writing in connection with the transactions contemplated by the Operative Documents shall prove to have been false or misleading in any material respect; or 

        (f)    the
Lessor or the Lessor Parent becomes insolvent or fails generally to pay its debts as such debts become due or the Lessor or the Lessor Parent shall commence a
voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in
effect, or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its properties, or shall consent to any such relief or to
the appointment of or taking of possession by any such official in any involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or
shall take any corporate action to authorize any of the foregoing; or 

        (g)   any
decree or order for relief shall be entered by a court having jurisdiction over the Lessor or the Lessor Parent in any involuntary case under any bankruptcy,
insolvency or other similar law now or hereafter in effect, or appointing a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its properties, or
ordering the winding-up or liquidation of it or its affairs, and such decree or order shall remain undismissed or unstayed for a period of sixty (60) consecutive days; or 

        (h)   any
Operative Document to which the Lessor or the Lessor Parent is a party or any Lien granted by the Lessor under any Operative Document shall, in whole or in part,
terminate, cease to be effective against, or (other than as expressly provided therein) cease to be the legal, valid, binding and enforceable obligation of the Lessor or the Lessor Parent other than
as permitted under, or pursuant to the terms of, or in connection with a transaction permitted by, any Operative Document; or 

9

 

        (i)    the
Lessor or the Lessor Parent shall directly or indirectly contest the effectiveness, validity, binding nature or enforceability of any Operative Document to which it
is a party or any Lien granted under any Operative Document. 

        If
one or more Indenture Events of Default shall occur and be continuing, then, and in each and every such case, but subject always to the provisions of Section
13.8, either the Indenture Trustee, by notice in writing to the Lessor and the Lessee, or the Required Purchasers, by notice in writing to the Lessor, the Lessee and the
Indenture Trustee, may declare the principal amount of all Notes, if not already due and payable, to be immediately due and payable; and upon any such declaration, the principal amount of all Notes,
together with the Make-Whole Amount, if any, and all accrued and unpaid interest thereon, shall become and be immediately due and payable without presentment, demand, protest or
notice of any kind; provided that in the case of an Indenture Event of Default under Section 7.1(b) caused by a Lease Event of Default under
Sections 16.1, (h) or (i) of the Lease, or Sections 7.1(f) or (g), the foregoing amounts shall automatically become due and payable without presentment, demand, protest or notice of any
kind, all of which are expressly waived by the Lessor. 

        SECTION 7.2. Completed Default; Acceleration of Maturity.    Upon declaration by the Indenture Trustee or the Purchasers of the
acceleration of maturity of the Notes in accordance with Section 7.1 (unless rescinded or annulled pursuant to Section
7.14) then the Lessor shall forthwith pay to the Indenture Trustee for the benefit of the Purchasers holding the Notes then Outstanding, the whole amount which then shall have
become due on all such Notes for principal and accrued interest, plus, to the extent not prohibited by applicable law, an amount as liquidated damages for the loss of the bargain evidenced by the
Notes (and not as a penalty) equal to the Make-Whole Amount determined as of the date on which the Notes are accelerated. 

        The
Lessor further agrees, to the extent permitted by law, to pay to the Indenture Trustee and to the Purchasers all costs and expenses incurred by them in the collection of any Notes
upon the occurrence of an Indenture Event of Default, including reasonable compensation to the Indenture Trustee's and to such Purchasers' attorneys for all services rendered in connection therewith.
In case the Lessor shall fail to pay the same forthwith, the Indenture Trustee, in its own name and as trustee of an express trust, shall be entitled to recover judgment for the whole amount so due
and unpaid against the Lessor and/or any other obligor on the Notes. The right of the Indenture Trustee to recover such judgment shall not be affected by the exercise of any other right, power or
remedy for the enforcement of the provisions of this Indenture. 

        SECTION 7.3. Suits for Enforcement; Power of Sale.    In case of the occurrence and continuance of an Indenture Event of
Default, the Indenture Trustee from time to time in its discretion may, subject always to the provisions of Section 7.14, exercise, in addition to all
other rights and powers described herein or permitted under applicable law, all or any of the following powers as it may deem best for the protection and enforcement of the interests and rights of the
Indenture Trustee and of the Purchasers holding the Notes then Outstanding: 

        (a)   subject
always to the then existing rights, if any, of the Lessee under the Lease, the Indenture Trustee may in its own name and as trustee of an express trust protect
and enforce its rights and the rights of the Purchasers by bringing such actions, at law or in equity or before any administrative tribunal, as the Indenture Trustee, being advised by counsel, shall
deem appropriate, including, without limitation, actions for the specific performance of any covenant hereof, or of the Notes, and for the foreclosure of any one or all of the other Security
Documents; and while an Indenture Event of Default shall have occurred and be continuing, the Indenture Trustee shall be entitled, in its own name and as trustee of an express trust, to recover
judgment for any and all sums becoming due and payable by the Lessor under any provision hereof or of the Notes, or any of the other Security Documents, including, without limitation, any deficiency
in the payment of all amounts due under the provisions hereof or of the Notes or any of the other Security Documents, remaining after any sale of the 

10

 

Properties
in foreclosure proceedings or by virtue of the Indenture Trustee's power of sale or otherwise, and, in addition thereto, such amounts as shall be sufficient to cover the costs and expenses
of collection, including attorneys' fees, and of other proceedings hereunder, and to collect out of the Indenture Estate in any manner provided by law all amounts adjudged or decreed to be payable; 

        (b)   subject
always to the then existing rights, if any, of the Lessee under the Lease, the Indenture Trustee as a matter of contract right and not as a penalty shall be
entitled to the appointment of a receiver of, or may enter upon and take possession of, all or any part of the Properties and such receiver or the Indenture Trustee shall thereupon be entitled to
operate all or any part of the Properties and to make all expenditures and to take all actions necessary or desirable therefor, and to collect and retain all income and earnings arising from the
Properties; 

        (c)   subject
always to the then existing rights, if any, of the Lessee under the Lease, the Indenture Trustee may, with or without entry as aforesaid, sell (or cause to be
sold) all or any part of the Properties at public or private sale, upon such notice, in such manner, at such time or times, and upon such terms consistent with the applicable laws of the respective
state wherein such Properties are located, as the Indenture Trustee may determine; 

        (d)   subject
always to the then existing rights, if any, of the Lessee under the Lease, the Indenture Trustee shall have any and all rights and remedies provided for in the
other Security Documents; and 

        (e)   subject
always to the then existing rights, if any, of the Lessee under the Lease, the Indenture Trustee shall have any and all rights and remedies provided to a secured
party by the UCC with respect to all parts of the Properties which are or which are deemed to be governed by the UCC. 

        SECTION 7.4.    [Intentionally Reserved]. 

        SECTION 7.5. Foreclosure and Sale of Properties.    In the event of any sale made under or by virtue of this Indenture or any of
the other Security Documents, whether made under the power of sale herein or therein granted or under or by virtue of judicial proceedings or decree of foreclosure and sale, the whole of the
Properties may be sold in one parcel and as an entirety, or in separate parcels or lots, as the Indenture Trustee may reasonably determine, or as it may be directed by the written direction of the
Required Purchasers. 

        SECTION 7.6. Adjournment of Sale.    The Indenture Trustee may adjourn from time to time any sale by it to be made under the
provisions of this Indenture or any of the other Security Documents, by announcement at the time and place appointed for such sale or for such adjourned sale or sales, and, except as otherwise
provided by law, the Indenture Trustee, without further notice or publication, may make such sale at the time and place to which the same shall be so adjourned. 

        SECTION 7.7. Indenture Trustee May Execute Conveyances and Deliver Possession; Sale a Bar. Upon the completion of any sale or sales made
under or by virtue of this Indenture, the Participation Agreement or any of the other Security Documents, the Indenture Trustee shall execute and deliver to the accepted purchaser or purchasers a good
and sufficient deed, or good and sufficient deeds, and other instruments conveying, assigning and transferring all its estate, right, title and interest in and to the Properties so sold. The Indenture
Trustee is hereby appointed during the occurrence and continuance of an Indenture Event of Default as the true and lawful irrevocable attorney of the Lessor, in its name and stead or in the name of
the Indenture Trustee, to make all necessary conveyances, assignments, transfers and deliveries of the Properties so sold and for that purpose the Indenture Trustee may execute all necessary deeds and
instruments of assignment and transfer, and may substitute one or more Persons with like power, the Lessor hereby ratifying and confirming all that its said attorney or such substitute or substitutes
shall lawfully do by virtue hereof. Nevertheless, the Lessor, if so requested in writing by the Indenture Trustee, shall ratify and confirm any such sale or sales by executing and delivering to the
Indenture Trustee or to such purchaser or purchasers all such 

11

 

instruments
as may be advisable, in the judgment of the Indenture Trustee, for the purpose and as may be designated in such request. 

        Any
such sale or sales made under or by virtue of this Indenture or any of the other Security Documents, whether made under the power of sale herein or therein granted or under or by
virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, shall, subject always to the then existing rights of the Lessee under the Lease, if any, operate to divest all
estate, right, title, interest, claim or demand whatsoever, whether at law or in equity, of the Lessor, in and to the Properties so sold, and shall be a perpetual bar both at law and in equity against
the Lessor, its successors and assigns, and against any and all Persons claiming or who may claim the same, or any part thereof from, through or under the Lessor, its successors or assigns. 

        SECTION 7.8. Receipt Sufficient Discharge for Purchaser.    The receipt of the Indenture Trustee or of the court officer
conducting any such sale for the purchase money paid at any such sale shall be a sufficient discharge therefor to any purchaser of the Properties, or any part thereof, sold as aforesaid, and no such
purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see the application of such purchase money upon or for any trust
or purpose of this Indenture, or shall be answerable in any manner whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such
purchaser be bound to inquire as to the necessity or expediency of any such sale. 

        SECTION 7.9. Sale to Accelerate Notes.    In the event of any sale made under or by virtue of this Indenture or any of the other
Security Documents, whether made under the power of sale herein or therein granted or under or by virtue of judicial proceedings or of a valid judgment or decree of foreclosure and sale, the entire
principal of the Notes, together with accrued and unpaid interest thereon, and all other amounts secured hereby plus an amount equal to the Make-Whole Amount, if any, if not previously due,
immediately thereupon shall become due and payable. 

        SECTION 7.10. Application of Proceeds of Sale.    The purchase money proceeds or avails of any such sale, together with any
other sums which then may be held by the Indenture Trustee under this Indenture as part of the Properties or the proceeds thereof, whether under the provisions of this Article VII or otherwise, except
as otherwise provided by law, shall be distributed as provided in Article VII of the Participation Agreement. 

        SECTION 7.11. Purchase of Properties.    Upon any sale made under or by virtue of this Indenture or any of the other Security
Documents, whether made under the power of sale herein or therein granted or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale, the Indenture Trustee or any
Purchaser or Purchasers may bid for and purchase the Properties being sold, and upon compliance with the terms of sale, may hold, retain and possess and dispose of such Properties in its or their own
absolute right without further accountability; and any purchaser at any such sale may, in paying the purchase price, turn in any of the Notes in lieu of cash to the amount which shall, upon
distribution of the net proceeds of such sale, be payable thereon. Said Notes, in case the amounts so payable thereon shall be less than the amount due thereon, shall be returned to the registered
holders thereof after a notation of such partial payment shall have been made thereon. 

        SECTION 7.12. Indenture Trustee Entitled to Appointment of Receiver.    The Lessor further covenants that upon the happening of
any Indenture Event of Default and thereafter during the continuance of such Indenture Event of Default unless the same shall have been waived as hereinafter provided, the Indenture Trustee may,
(a) forthwith and without declaring the principal of the Notes to be due and payable, (b) after declaring the same to be due and payable or (c) upon the filing of a bill in equity
to foreclose this Indenture or to enforce the specific performance hereof or in aid thereof or upon the commencement of any other non-judicial or judicial proceeding to enforce any right of the
Indenture Trustee or of the Purchasers, to the appointment of a receiver or receivers of the Properties 

12

 

and
of all the earnings, revenues, rents, issues, profits and income thereof, with such powers as the court making such appointment shall confer, which may comprise any or all of the powers which the
Indenture Trustee is authorized to exercise by the provisions of Section 7.3(b). The Lessor, if requested so to do by the Indenture Trustee, will
consent to the appointment of any such receiver as aforesaid. 

        SECTION 7.13. Indenture Trustee May Enforce Rights Without Notes.    All rights of action under this Indenture or under any of
the Notes may be enforced by the Indenture Trustee without the possession of any of the Notes and without the production thereof at any trial or other proceedings relative thereto. Any such suit or
proceedings instituted by the Indenture Trustee shall be brought in its own name or as Indenture Trustee, and any recovery of judgment shall be, subject to the rights of the Indenture Trustee, for the
ratable benefit of the Purchasers holding the Notes then Outstanding. 

        SECTION 7.14. Notice of Event of Default; Waiver; Rescission.    The Indenture Trustee shall promptly (and in no event more than
three (3) Business Days) after obtaining Actual Knowledge of any Indenture Default or Indenture Event of Default give notice thereof to each Purchaser. The Required Purchasers may waive any
Indenture Default or Indenture Event of Default hereunder and its consequences which result from the failure of the Lessor to comply with any provisions of this Indenture, compliance with which can be
waived by such Purchasers pursuant to Section 9.1; and rescind or annul any declaration of maturity made pursuant to Section
7.2; provided, however, that an Indenture Event of Default arising in connection with the payment of principal of or Make-Whole
Amount, if any, on Notes called for prepayment or interest on the Notes may be so waived but only if, prior to such waiver, all arrears of principal, Make-Whole Amount, if any, and interest, and all
expenses of the Indenture Trustee and of the Purchasers shall be paid or shall be provided for by deposit with the Indenture Trustee of a sum sufficient to pay the same. In case of any such waiver, or
in case any proceedings taken on account of any such Indenture Event of Default shall be discontinued or abandoned or determined adversely to the Indenture Trustee, then and in every such case, the
Lessor, the Indenture Trustee and the Purchasers shall be restored to their former positions and rights hereunder respectively. No such waiver shall extend to any subsequent or other Indenture Default
or Indenture Event of Default or impair any right consequent thereon. 

        SECTION 7.15. Limitation on Purchasers' Right to Sue.    No Purchaser shall have any right to institute any suit, action or
proceeding at law or in equity growing out of any provision of this Indenture or any of the other Security Documents, or for the foreclosure or enforcement of this Indenture or any of the other
Security Documents, unless and until an Indenture Event of Default shall have happened and unless and until such Purchaser shall have previously given to the Indenture Trustee written notice of the
happening of such Indenture Event of Default and of the continuance thereof as hereinbefore provided, and also (except as hereinafter provided) unless and until the Required Purchasers shall have made
written request upon the Indenture Trustee and shall have afforded to it a period of thirty (30) days to institute such action, suit or proceeding in its own name, and unless also the Indenture
Trustee shall have been offered security and indemnity satisfactory to it against the costs, expenses and liabilities to be incurred therein or thereby, and the Indenture Trustee shall have neglected
or refused to institute any such action, suit or proceeding within a reasonable time after receipt of such notification, request and offer of indemnity; and such notification, request, offer of
indemnity and refusal or neglect are hereby declared in every such case to be conditions precedent to the institution by such Purchaser of any such action, suit or proceeding; it being understood and
intended and being expressly covenanted by each Purchaser with every other Purchaser and with the Indenture Trustee that no one or more Purchasers shall be entitled to take any action or institute any
such action, suit or proceeding to enforce the payment of its Notes if and to the extent that the taking of such action or the institution or prosecution of any such action, suit or proceeding or the
entry of judgment therein would under applicable law result in a surrender, impairment, waiver or loss of the Lien of this Indenture or any of the other Security Documents upon the Properties, or any
part thereof, as security for Notes held by any other Purchaser, or shall have any right in any manner 

13

 

whatever
to affect, disturb or prejudice the rights of the other Purchasers, or to enforce any right hereunder, except in the manner herein provided, and for the equal, ratable and common benefit of
all Purchasers. 

        SECTION 7.16. Remedies Cumulative.    No remedy herein conferred upon or reserved to the Indenture Trustee or to the Purchasers
is intended to be exclusive of any other remedy or remedies, and each and every such remedy shall be cumulative, and shall be in addition to every other remedy given hereunder or now or hereafter
existing at law or in equity or by statute. 

        SECTION 7.17. Delay or Omission Not a Waiver.    No delay or omission of the Indenture Trustee, or of any Purchaser, to exercise
any right or power accruing upon the occurrence of any Indenture Default or Indenture Event of Default, shall impair any such right or power, or shall be construed to be a waiver of any such Indenture
Default or Indenture Event of Default or an acquiescence therein; and every power and remedy given by this Indenture or any of the other Security Documents to the Indenture Trustee or to the
Purchasers may be exercised from time to time and as often as may be deemed expedient by the Indenture Trustee or by the Purchasers. 

        SECTION 7.18. Waiver of Extension; Appraisement, Stay, Laws.    The Lessor will not at any time insist upon, or plead, or in any
manner whatever claim or take any benefit or advantage of, any stay, valuation or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants and terms of
performance of this Indenture or any of the other Security Documents; nor
claim, take or insist upon any benefit or advantage of any law now or hereafter in force providing for the valuation or appraisement of the Properties, or any part thereof, prior to any sale or sales
thereof which may be made pursuant to any provision herein contained, or pursuant to the decree, judgment or order of any court of competent jurisdiction; nor after any such sale or sales, claim or
exercise any right under any statute heretofore or hereafter enacted by the United States or by any state or territory, or otherwise, to redeem the Properties so sold or any part thereof; and the
Lessor hereby expressly waives, to the extent permitted by law, all benefits or advantage of any such law or laws, and covenants not to hinder, delay or impede the execution of any power herein
granted or delegated to the Indenture Trustee, but to suffer and permit the execution of every power as though no such law or laws had been made or enacted. 

        SECTION 7.19. Restoration of Positions.    If the Indenture Trustee or any Purchaser has instituted any proceeding to enforce
any right or remedy under this Indenture or any of the other Security Documents by foreclosure, entry or otherwise and such proceeding has been discontinued or abandoned for any reason or has been
determined adversely to the Indenture Trustee or to such Purchaser, then and in every such case the Lessor, the Indenture Trustee and the Purchasers shall, subject to any determination in such
proceeding, be restored to their former positions hereunder, and thereafter all rights and remedies of the Indenture Trustee and the Purchasers shall continue as though no such proceeding had been
instituted. 

        SECTION 7.20.    [Intentionally Reserved] 

        SECTION 7.21. Indenture Trustee May File Proofs of Claims.    The Indenture Trustee is hereby appointed, and each and every
Purchaser, by receiving and holding its Note, shall be conclusively deemed to have appointed the Indenture Trustee the true and lawful attorney-in-fact of such Purchaser, with authority to make or
file, in its own name as trustee of an express trust or otherwise as it shall deem advisable, in any receivership, insolvency, liquidation, bankruptcy, arrangement, reorganization or other judicial
proceedings relative to the Lessor or any other obligor upon the Notes or to their respective creditors or Properties, any and all claims, proofs of debt, petitions, consents, other documents and
amendments of any thereof, as may be necessary or advisable in order to have the claims of the Indenture Trustee and of the Purchasers allowed in any such proceeding, and to collect and receive any
moneys or other Properties payable or deliverable on any such claim, proof of debt, 

14

 

petition
or other document and to distribute the same after the deduction of the charges and expenses of the Indenture Trustee, and to execute and deliver any and all other papers and documents and to
do and perform any and all other acts and things, as it may deem necessary or advisable in order to enforce in any such proceedings any of the claims of the Indenture Trustee and of any such
Purchasers in respect of any of the Notes; and any receiver, assignee, trustee or debtor in any such proceedings is hereby authorized, and each and every Purchaser, by receiving and holding its Note,
shall be deemed to have authorized any such receiver, assignee, trustee or debtor, to make any such payment or delivery to or on the order of the Indenture Trustee, and in the event that the Indenture
Trustee shall consent to the making of such payments or deliveries directly to the Purchasers to pay to the Indenture Trustee any amount due it for compensation and expenses, including counsel fees,
incurred by it down to the date of such payment or delivery; provided, however, that nothing herein contained shall be deemed to authorize or empower
the Indenture Trustee to consent to or accept or adopt, on behalf of any Purchaser, any plan of reorganization or readjustment of the Lessor affecting the Notes or the rights of any Purchaser, or to
authorize or empower the Indenture Trustee to vote in respect of the claim of any Purchaser in any such proceedings. 

        SECTION 7.22. Remedies Subject to Provisions of Law.    All rights, remedies and powers provided by this Article VII may be
exercised only to the extent that the exercise thereof does not violate any applicable provision of law in the premises, and all the provisions of this Article VII are intended to be subject to all
applicable mandatory provisions of law which may be controlling in the premises and to be limited to the extent necessary so that they will not render this Indenture or any of the other Security
Documents invalid or unenforceable under the provisions of any applicable law. 

 
 

ARTICLE VIII
  
  
  THE INDENTURE TRUSTEE    
    

        The Indenture Trustee accepts the trusts hereunder and agrees to perform the same and all other actions to be taken by the Indenture Trustee under the other
Security Documents, but only upon the terms and conditions hereof, including the following, to all of which each Purchaser, by its acceptance of its Note, agrees: 

        SECTION 8.1. Duties of Indenture Trustee.    (a) Subject to Section 8.1(b), the
Indenture Trustee undertakes (a) except while an Indenture Event of Default of which the Indenture Trustee shall have Actual Knowledge shall have occurred and be continuing, to perform such duties and
only such duties as are specifically set forth in this Indenture and the other Operative Documents to which it is a party, and (b) while an Indenture Event of Default of which the Indenture Trustee
shall have Actual Knowledge shall have occurred and be continuing, to exercise such of the rights and powers as are vested in it by this Indenture and the other Operative Documents to which it is a
party, and to use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. 

        (b)   Subject
to the Indenture Trustee having been directed to take such action in accordance with the terms of this Indenture, each Purchaser hereby irrevocably authorizes
the Indenture Trustee to take such action on its behalf under the provisions of the Security Documents and any other instruments, documents and agreements referred to therein and to exercise such
powers thereunder as are specifically delegated to the Indenture Trustee by the terms hereof and thereof and such other powers as are reasonably incidental thereto. The Indenture Trustee is hereby
irrevocably authorized to take all actions on behalf of the Purchasers to enforce the rights and remedies of the Indenture Trustee and the Purchasers provided for in the Security Documents or by
applicable law with respect to the Liens upon the Collateral granted to secure the Obligations; provided, however, that, notwithstanding any provision to the contrary in any Security Documents,
(i) except as otherwise provided herein, the Indenture Trustee shall act solely at and in accordance with the written direction of the Required Purchasers, 

15

 

(ii) the
Indenture Trustee shall not, without the written consent of all of the Purchasers, release or terminate by affirmative action or consent any lien upon or security interest in any
Collateral granted under any Security Documents (except (x) upon dispositions of Collateral as permitted in accordance with the terms of the Master Lease prior to the occurrence of an Indenture
Event of Default, and (y) upon disposition of such Collateral after an Indenture Event of Default pursuant to direction given under clause (i) hereof), and (iii) the Indenture Trustee
shall not accept any Notes in whole or partial consideration for the disposition of any Collateral without the written consent of all of the Purchasers. The Indenture Trustee agrees to make such
demands and give such notices under the Security Documents as may be requested by, and to take such action to enforce the Security Documents and to foreclose upon, collect and dispose of the
Collateral or any portion thereof as may be directed by, the Required Purchasers; provided, however, that the Indenture Trustee shall not be required to
take any action that is contrary to law or the terms of the Security Documents or this Indenture. Once a direction to take any action has been given by the Required Purchasers to the Indenture
Trustee, and subject to any other directions which may be given from time to time by the Required Purchasers, decisions regarding the manner in which any such action is to be implemented and conducted
(with the exception of any decision to settle, compromise or dismiss any legal proceeding, with or without prejudice) shall be made by the Indenture Trustee, with the assistance and upon the advice of
its counsel. Notwithstanding the provisions of the preceding sentence, any and all decisions to settle, compromise or dismiss any legal proceeding, with or without prejudice, which implements,
approves or results in or has the effect of causing any release, change or occurrence, where such release, change or occurrence otherwise would require unanimous approval of all of the Purchasers
pursuant to the terms of this Indenture, also shall require the unanimous approval of all of the Purchasers. Anything herein to the contrary not withstanding, the Indenture Trustee shall have the
right to decline to follow any such direction if the Indenture Trustee shall be advised by counsel that the action or proceeding so directed may not lawfully be taken. 

        (c)   The
Indenture Trustee may at any time request directions from the Purchasers as to any course of action or other matter relating to the performance of its duties under
this Indenture and the Security Documents and the Purchasers shall respond to such request in a reasonably prompt manner. 

        (d)   If
the Indenture Trustee has asked the Purchasers for instructions following the receipt of any notice of an Indenture Event of Default and if the Required Purchasers
have not responded to such request within 30 days, the Indenture Trustee shall be permitted, but not required, to take such actions with regard to such Indenture Event of Default which the Indenture
Trustee, in good faith, believes to be reasonably required to protect the Collateral from damage or destruction; provided, however, that
(i) prior to the expiration of such 30-day period the Indenture Trustee shall be permitted, but not required, to take such actions with regard to such Indenture Event of Default which the
Indenture Trustee, in good faith, believes to be reasonably required to prevent irreparable damage to the Collateral which might result from a delay, and (ii) once instructions have been received from
the Required Purchasers, the actions of the Indenture Trustee shall be governed thereby and the Indenture Trustee shall not take any further action which would be contrary thereto. 

        (e)   The
Indenture Trustee, upon receipt of instruments furnished to the Indenture Trustee pursuant to the provisions of this Indenture, shall examine the same to determine
whether or not such instruments appear to conform to the requirements of this Indenture as to form. 

        SECTION 8.2. Indenture Trustee's Liability.    No provision of this Indenture shall be construed to relieve the Indenture
Trustee from liability for its own negligent action, negligent failure to act, or its own willful misconduct, except that: 

        (a)   unless
an Indenture Event of Default of which the Indenture Trustee shall have Actual Knowledge shall have occurred and be continuing, the Indenture Trustee shall not be
liable except for the performance of such duties as are specifically set forth in this Indenture and no implied covenants 

16

 

or
obligations shall be read into this Indenture against the Indenture Trustee but the duties and obligations of the Indenture Trustee shall be determined solely by the express provisions of this
Indenture; 

        (b)   in
the absence of bad faith on the part of the Indenture Trustee, the Indenture Trustee may rely upon the authenticity of, and the truth of the statements and the
correctness of the opinions expressed in, and shall be protected in acting upon, any resolution, Responsible Officer's Certificate, opinion of counsel, Note, request, notice, consent, waiver, order,
signature guaranty, notarial seal, stamp, acknowledgment, verification, appraisal, report, stock certificate, or other paper or document believed by the Indenture Trustee to be genuine and to have
been signed, affixed or presented by the proper party or parties; 

        (c)   in
the absence of bad faith on the part of the Indenture Trustee, whenever the Indenture Trustee, or any of its agents, representatives, experts or counsel, shall
consider it necessary or desirable that any matter be proved or established, such matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively
proved and established by a Responsible Officer's Certificate; provided, however, that the Indenture Trustee, or such agent, expert or counsel,
respectively, may require such further and additional evidence and make such further investigation as it or they may consider reasonable; 

        (d)   the
Indenture Trustee may consult with counsel and the advice or opinion of such counsel shall be full and complete authorization and protection in respect of any action
taken or suffered hereunder in good faith and in accordance with such advice or opinion of such counsel; 

        (e)   the
Indenture Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with any direction or request of a
Purchaser or Purchasers with which the Indenture Trustee is required by the provisions hereof to comply; 

        (f)    the
Indenture Trustee shall not be liable for any error of judgment made in good faith by an officer of the Indenture Trustee unless it shall be proved that the
Indenture Trustee was negligent in ascertaining the pertinent facts; 

        (g)   the
Indenture Trustee shall not be deemed to have knowledge of any Indenture Default or Indenture Event of Default unless and until an officer in the Corporate Trust
Administration of the Indenture Trustee shall have Actual Knowledge thereof or the Indenture Trustee shall have received written advice thereof from any Purchaser; 

        (h)   whether
or not an Indenture Event of Default shall have occurred, the Indenture Trustee shall not be under any obligation to take any action under this Indenture
(including action under Section 7.20) which may tend to involve it in any expense or liability, the payment of which within a reasonable time is not, in
its reasonable opinion, assured to it by the security afforded to it by the terms of this Indenture, unless and until requested in writing so to do by one or more Purchasers holding Notes Outstanding
hereunder and furnished, from time to time as it may require, with reasonable security and indemnity; and 

        (i)    whether
or not an Indenture Event of Default shall have occurred, whenever it is provided in this Indenture or any other Operative Document that the Indenture Trustee
consent to any act or omission by any Person or that the Indenture Trustee exercise its discretion in any manner, the Indenture Trustee may (but need not) seek the written acquiescence of the Required
Purchasers and, unless written evidence of such acquiescence has been received by the Indenture Trustee, it shall be fully justified in refusing so to consent or so to exercise its discretion. 

        SECTION 8.3. No Responsibility of Indenture Trustee for Recitals.    The recitals and statements contained herein and in the
Notes (except for the Indenture Trustee's certificate of authentication 

17

 

endorsed
on the Notes) shall be taken as the recitals and statements of the Lessor, and the Indenture Trustee assumes no responsibility for the correctness of the same. 

        The
Indenture Trustee makes no representation as to the validity or sufficiency of this Indenture or any of the other Security Documents, or of the Notes secured hereby, the security
hereby or thereby afforded, the adequacy of the insurance maintained or to be maintained by the Lessee or any other Person (nor shall the Indenture Trustee have any responsibility to determine the
adequacy thereof), the title of the Lessor to the Properties or the descriptions thereof, or the filing or recording or registering of this Indenture or any other document. 

        The
Indenture Trustee shall not be concerned with or accountable to any Person for the use or application of any deposited moneys which shall be released or withdrawn in accordance with
the provisions of this Indenture or of any Properties or securities or the proceeds thereof which shall be released from the Lien hereof and of the other Security Documents in accordance with the
provisions of this Indenture or such other Security Documents, as the case may be. 

        SECTION 8.4. Certain Limitations on Indenture Trustee's Rights to Compensation and Indemnification. The Indenture Trustee shall have no
right against any Purchaser for the payment of compensation for its services hereunder or any expenses or disbursements incurred in connection with the exercise and performance of its powers and
duties hereunder or any indemnification against liabilities which it may incur in the exercise and performance of such powers and duties (except as provided in Section
8.2(h)) but on the contrary, all such amounts shall be paid in accordance with Section 4.4(b) and  Articles IX and XIII of the
Participation Agreement, and it shall have no Lien on or security interest in the Indenture Estate as security for such
compensation, expenses, disbursements and indemnification except to the extent provided for in Section 7.10. 

        SECTION 8.5. Moneys Received by Indenture Trustee: Trust Funds—Segregation.    (a) All moneys received by the
Indenture Trustee under or pursuant to any provision of this Indenture shall constitute trust funds for the purpose for which they were paid or are held, but need not be segregated
in any manner from other moneys, and may be held or deposited under such conditions as may be prescribed by law for trust funds. 

        (b)   The
Indenture Trustee shall invest and reinvest any funds from time to time held by the Indenture Trustee in such Permitted Investments as the Lessee shall direct so
long as no Default or Event of Default shall have occurred and be continuing, and otherwise as directed under Section 7.20. Upon any sale or payment of
any Permitted Investments, the proceeds therefrom, plus any interest received by the Indenture Trustee from such investment shall be retained by the Indenture Trustee as part of the Indenture Estate
and reinvested pursuant to this Section 8.5. 

        SECTION 8.6. Resignation of Indenture Trustee.    The Indenture Trustee may resign and be discharged from the trusts created
hereby by delivering notice thereof to the Lessor and all Purchasers holding Notes at the time Outstanding, specifying a date (not earlier than 90 days after the date of such notice) when such
resignation shall take effect; provided, however, that in no event shall any such resignation be effective until a successor Indenture Trustee has been
appointed pursuant to Section 8.8. 

        Such
resignation shall take effect on the day on which a qualified successor Indenture Trustee shall have been appointed as provided in Section
8.8 and shall have accepted in writing its obligations hereunder. 

        SECTION 8.7. Removal of Indenture Trustee.    The Indenture Trustee may be removed at any time, for or without cause, by an
instrument or instruments in writing executed by the Required Purchasers and delivered to the Indenture Trustee with a copy to the Lessor, specifying the removal and the date when it shall take
effect. 

18

 

        SECTION 8.8. Appointment of Successor Indenture Trustee.    In case at any time the Indenture Trustee shall resign or be removed
or become incapable of acting, a successor Indenture Trustee may be appointed by the Required Purchasers, by an instrument or instruments in writing executed by such Purchasers and filed with such
successor Indenture Trustee with a copy of such instrument or instruments to the Lessor; provided, however, that if no Lease Default or Lease Event of
Default shall have occurred and be continuing at the time such Purchasers shall so appoint a successor Indenture Trustee, the concurrence of the Lessee (which shall not be unreasonably withheld or
delayed) in the selection of such successor Indenture Trustee shall be required. If a successor Indenture Trustee does not take office within sixty (60) days after the retiring Indenture Trustee
resigns or is removed, the retiring Indenture Trustee, the Lessee or the Required Purchasers may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee. 

        SECTION 8.9. Succession of Successor Indenture Trustee.    Any successor Indenture Trustee appointed hereunder shall execute,
acknowledge and deliver to the Lessor and the predecessor Indenture Trustee an instrument accepting such appointment, and thereupon such successor Indenture Trustee, without any further act, deed,
conveyance or transfer, shall become vested with the title to the Indenture Estate, and with all the rights, powers, trusts, duties and obligations of the predecessor Indenture Trustee in the trust
hereunder, with like effect as if originally named as Indenture Trustee herein. Without limiting the foregoing, such successor Indenture Trustee shall also execute, acknowledge and deliver to the
Lessor and each Purchaser such further act, deed, conveyance or transfer as may reasonably be requested by any Purchaser for more fully and certainly vesting and confirming to such successor Indenture
Trustee the title of the Indenture Estate and all rights, powers, trusts, duties and obligations of the predecessor Indenture Trustee hereunder. 

        Upon
the request of any such successor Indenture Trustee, however, the Lessor and the predecessor Indenture Trustee shall execute and deliver such instruments of conveyance and further
assurance and do such other things as may reasonably be required for more fully and certainly vesting and confirming in such successor Indenture Trustee the title to the Indenture Estate and all such
rights, powers, trusts, duties and obligations of the predecessor Indenture Trustee hereunder, and the predecessor Indenture Trustee shall also assign and deliver to the successor Indenture Trustee
any property subject to the Lien of this Indenture which may then be in its possession. 

        SECTION 8.10. Eligibility of Indenture Trustee.    The Indenture Trustee shall be a state or national bank or trust company in
good standing, organized under the laws of the United States or of any state thereof and having a capital, surplus and undivided profits aggregating at least $100,000,000 and senior unsecured debt
rated not less than "BBB-" by S&P and not less than "Baa3" by Moody's. 

        In
case the Indenture Trustee shall cease to be eligible in accordance with the provisions of this Section, the Indenture Trustee shall resign immediately in the manner and with the
effect specified in Section 8.6. 

        SECTION 8.11. Successor Indenture Trustee by Merger.    Any corporation into which the Indenture Trustee may be merged or with
which it may be consolidated, or any corporation resulting from any merger or consolidation to which the Indenture Trustee shall be a party, or any state or national bank or trust company in any
manner succeeding to the corporate trust business of the Indenture Trustee as a whole or substantially as a whole, if eligible as provided in Section
8.10, shall be the successor of the Indenture Trustee hereunder without the execution or filing of any paper or any further act on the part of any of the parties hereto,
anything to the contrary contained herein notwithstanding. 

        SECTION 8.12. Co-Indenture Trustee.    At any time or times, for the purpose of meeting any legal requirements of any
jurisdiction in which any part of the Properties may at the time be located, the Lessor and the Indenture Trustee shall have the power to appoint, and, upon the written request of the Indenture
Trustee or of the Required Purchasers, the Lessor shall for such purpose join with the 

19

 

Indenture
Trustee in the execution, delivery and performance of all instruments and agreements necessary or proper to appoint one or more Persons approved by the Indenture Trustee to act as co-
trustee, jointly with the Indenture Trustee, of all or any part of the Properties, with such powers as may be provided in the instrument of appointment, and to vest in such Person or Persons in the
capacity aforesaid, any part or portion of the Indenture Estate, title, right or power deemed necessary or desirable, subject to the other provisions of this Section
8.12. If the Lessor does not join in such appointment within five (5) Business Days after the receipt by it of a request so to do, or in case an Indenture Default or Indenture
Event of Default has occurred and is continuing, the Indenture Trustee alone shall have power to make such appointment. 

        Should
any written instrument from the Lessor be required by any co-trustee or separate trustee so appointed for more fully confirming to such co-trustee or separate trustee such part or
portion of the Indenture Estate, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Lessor. 

        Every
co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following terms, namely: 

        (a)   The
Notes shall be authenticated and delivered and all rights, powers, duties and obligations hereunder in respect of the custody of securities, cash and other personal
property held by, or required to be deposited or pledged with, the Indenture Trustee hereunder, shall be exercised solely by the Indenture Trustee. 

        (b)   The
rights, powers, duties and obligations hereby conferred or imposed upon the Indenture Trustee in respect of any Properties covered by such appointment shall be
conferred or imposed upon and exercised or performed by the Indenture Trustee or by the Indenture Trustee and such co-trustee or separate trustee jointly, as shall be provided in the instrument
appointing such co-trustee or separate trustee, except to the extent that under any law of any jurisdiction in which any particular act is to be performed, the Indenture Trustee shall be incompetent
or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be exercised and performed by such co-trustee or separate trustee. 

        (c)   The
Indenture Trustee at any time, by an instrument in writing executed by it, with the concurrence of the Lessor evidenced by a Responsible Officer's Certificate, may
accept the resignation of or remove any co-trustee or separate trustee appointed under this Section 8.12, and, in case an Indenture Default or Indenture
Event of Default has occurred and is continuing, the Indenture Trustee shall have the power to accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of
the Lessor. Upon the written request of the Indenture Trustee, the Lessor shall join with the Indenture Trustee in the execution, delivery and performance of all instruments and agreements necessary
or proper to effectuate such resignation or removal. A successor to any co-trustee or separate trustee that has so resigned or been removed may be appointed in the manner provided in this Section. 

        (d)   No
co-trustee or separate trustee hereunder shall be personally liable by reason of any act or omission of the Indenture Trustee, or any other such trustee hereunder nor
shall the Indenture Trustee be liable by reason of-any act or omission of any co-trustee or separate trustee hereunder. 

        (e)   Any
written direction of the Purchasers delivered to the Indenture Trustee shall be deemed to have been delivered to each such co-trustee and separate trustee. 

20

 

 
 

ARTICLE IX
  
  
  WAIVERS; SUPPLEMENTAL INDENTURES    
    

        SECTION 9.1. Waivers and Consents by Purchasers; Supplemental Indentures.    Subject to the provisions of Section 15.5 of the
Participation Agreement, upon the waiver or consent of the Required Participants (a) the Lessor may take any action prohibited, or omit the taking of any action required, by any of the provisions of
this Indenture or any indenture supplemental hereto or the provisions of any other Security Document or (b) the Lessor and the Indenture Trustee, may enter into an indenture or indentures supplemental
hereto or an amendment or supplement to any of the other Security Documents for the purpose of adding, changing, or eliminating any provisions of this Indenture or of any indenture supplemental hereto
or the provisions of any other Security Document or modifying in any manner the rights and obligations of the Purchasers and the Lessor; provided,
however, that notwithstanding the foregoing, 

        (i)    the
waiver or consent of such Required Participants shall not be required to enter into a supplemental indenture, 

        (1)   to
subject to the Lien of this Indenture additional Properties hereafter acquired by the Lessor and intended to be subjected to the Lien of this Indenture, or 

        (2)   to
correct and amplify the description of any Properties subject to the Lien of this Indenture; and 

        (ii)   no
such waiver, supplemental indenture, consent or amendment shall: 

        (1)   impair
or affect the right of any Purchaser to receive timely and/or scheduled payments or prepayments of the principal of and payments of the interest and Make-Whole
Amount, if any, on its Note, as therein and herein provided, without the consent of such Purchaser; 

        (2)   permit
the creation of any Lien prior to, or on a parity with, the Lien of this Indenture and the other Security Documents with respect to any of the Properties (other
than any such Lien which is expressly permitted by the terms and provisions of this Indenture or any other Security Document), without the consent of each Purchaser holding any Note at the time
Outstanding; 

        (3)   effect
the deprivation of any Purchaser of the benefit of the Lien of this Indenture upon all or any part of the Indenture Estate or release the Lessee Guarantor or the
Lessor Parent from any obligations under the Guaranty or the Indemnity Agreement without the consent of such Purchaser; 

        (4)   reduce
the aforesaid percentage of the aggregate principal amount of Notes, the holders of which are required to consent to any such waiver or supplemental indenture
pursuant to this Section or Section 7.14, without the consent of each Purchaser holding any Note at the time Outstanding; 

        (5)   reduce
the percentage of the aggregate principal amount of the Notes, the holders of which are required to direct the Indenture Trustee to initiate any of the remedies
as provided in Section 7.20, without the consent of each Purchaser holding any Note at the time Outstanding; or 

        (6)   modify
the rights, duties or immunities of the Indenture Trustee without its written consent. 

        SECTION 9.2. Notice of Supplemental Indenture.    At least thirty days prior to the execution by the Lessor and the Indenture
Trustee of any supplemental indenture or agreement pursuant to the 

21

 

provisions
of Section 9.1, the Lessor shall give written notice, setting forth in general terms the substance of such supplemental indenture together
with a copy thereof, mailed in the manner provided in Section 13.5 hereof to each Purchaser at its address set forth in the Schedule II to the
Participation Agreement. 

        SECTION 9.3. Opinion of Counsel Conclusive as to Supplemental Indenture.    The Indenture Trustee is hereby authorized to join
with the Lessor in the execution of any such supplemental indenture authorized or permitted by the terms of this Indenture to make the further agreements and stipulations which may be therein
contained and the Indenture Trustee may receive an opinion of counsel and a Responsible Officer's Certificate as conclusive evidence that any supplemental indenture executed pursuant to the provisions
of this Article IX complies with the requirements of this Article IX. 

 
 

ARTICLE X
  
  
  ACTION BY PURCHASERS    
    

        SECTION 10.1. Evidence of Action by Purchasers.    Whenever in this Indenture it is provided that Purchasers holding a specified
percentage in aggregate principal amount of the Notes may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other
action), the fact that at the time of taking any such action the Purchasers of such specified percentage have joined therein may be evidenced by any instrument or any number of instruments of similar
tenor executed by Purchasers in person or by attorney or proxy appointed in writing. 

        SECTION 10.2. Purchasers' Execution of Instruments; Proof of Holdings.    The fact and date of the execution of any instrument
by any Purchaser or its attorney or proxy may be proved by the affidavit of a witness of such execution or by the certificate under his official seal of any notary public or other officer in any
jurisdiction who, by the laws thereof, has power to take acknowledgments or proof of deeds to be recorded within such jurisdiction, that the Person who signed such instrument did acknowledge before
such notary public or other officer the execution thereof, or by the affidavit of a witness to such execution; where such execution is by an officer of a corporation or association or a member of a
partnership on behalf of such corporation, association or partnership such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and the date of execution of any
such instrument or writing may also be proved in any other manner which the Indenture Trustee deems sufficient. The ownership of Notes shall be proved exclusively by the Register described in  Section 2.5. 

 
 

ARTICLE XI
  
  
  DISCHARGE OF INDENTURE; ETC.    
    

        SECTION 11.1. Discharge.    (a) If the Lessor shall pay and discharge the whole amount of the principal, Make-Whole Amount, if
any, and interest on all Notes at the time Outstanding in accordance with the terms hereof and thereof and shall pay or cause to be paid all other amounts secured hereby, then, after such payment and
discharge, all property, rights and interests hereby conveyed or assigned or pledged shall revert to the Lessor, and the estate, right, title and interest of the Indenture Trustee and the Purchasers
therein shall thereupon cease, terminate and become void; and the Indenture Trustee, in such case, on demand of the Lessor and at the Lessee's cost and expense, shall execute and deliver to the Lessor
a proper instrument or proper instruments acknowledging the satisfaction and termination of this Indenture, and shall convey, assign and transfer, or cause to be conveyed, assigned or transferred, and
shall deliver or cause to be delivered, to the Lessor, all property, including money, then held by the Indenture Trustee, other than moneys deposited with the Indenture Trustee for the payment of the
principal of and Make-Whole Amount, if any, and interest on any Notes or other amounts secured hereby. 

22

 

        (b)   Without
limiting the foregoing, if the Lease shall be terminated as and to the extent contemplated by Section 5.1 hereof
or Section 15.1 or Article XVIII of the Lease, and upon the satisfaction of the Lessor's obligations pursuant to Section 6.3 or 6.4 hereof, then the
Lien of this Indenture on all of the affected portion of the Indenture Estate shall terminate (except for the Lien on funds held by the Indenture Trustee to pay the Notes and the Indenture Trustee)
and the Indenture Trustee shall, at the Lessee's expense, do, execute, acknowledge and deliver (or cause to be done, executed, acknowledged and delivered) each and every deed, conveyance, transfer and
release necessary or proper to evidence the release of the Deed of Trust and the Assignment of Lease and Rent, and any such other instruments as may be reasonably requested by the Lessor to evidence
such termination, whereupon the Deed of Trust and the Assignment of Lease and Rent and all Liens created hereby and thereby shall terminate and be of no further force or effect. 

        SECTION 11.2. Indenture Trustee's Retention of Moneys Deposited for Payment of Notes.    Payment of the Notes being duly
provided for, the Lessor shall not be required to pay interest in respect of any period after the maturity date thereof to any Purchaser, and moneys deposited for the payment of principal, Make-Whole
Amount, if any, or interest or for prepayment, or otherwise, remaining unclaimed in the possession of the Indenture Trustee for six years after the date of the maturity of the Notes or the date fixed
for the prepayment of the Notes, as the case may be, shall be repaid to the Lessor upon its request and the Purchasers shall thereafter be entitled to look only to the Lessor for payment thereof.
On the date payment of the Notes is due, the Indenture Trustee shall pay to the Purchasers the money deposited by the Lessor with the Indenture Trustee. If the Indenture Trustee does not pay to the
Purchasers as provided in Section 2.4 the money so deposited by the Lessor within one Business Day of such date of deposit, the Indenture Trustee shall
pay interest thereon at the Overdue Rate on any monies so deposited but not so paid for the period from and including such date of deposit to but not including the date of payment by the Indenture
Trustee (and the Lessee shall have no reimbursement or other obligation in connection therewith). 

        SECTION 11.3. Estoppel Certificates.    The Indenture Trustee agrees that from time to time, upon five (5) Business Days
prior written request by the Lessor or the Lessee, it will execute and deliver to the Lessor or the Lessee, as the case may be, a certificate stating that to the Actual Knowledge of the Indenture
Trustee signing such certificate, no Indenture Default or Indenture Event of Default has occurred and is continuing or specifying each such Indenture Default or Indenture Event of Default, as the case
may be, which shall have occurred and be continuing of which the Indenture Trustee has Actual Knowledge. 

 
 

ARTICLE XII
  
  
  [INTENTIONALLY RESERVED]    
    

 
 

ARTICLE XIII
  
  
  MISCELLANEOUS PROVISIONS    
    

        SECTION 13.1. Recapture.    To the extent any Purchaser receives any payment by or on behalf of the Lessor, which payment or any
part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to the Lessor or its trustee, receiver, custodian, liquidator or any other party
under any bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such payment or repayment, the obligation or part thereof which has been paid, reduced or satisfied
by the amount so repaid shall be reinstated and shall be included within the liabilities of the Lessor to the Purchasers as of the date such initial payment, reduction or satisfaction occurred. 

23

 

        SECTION 13.2. Indenture for Benefit of Parties Hereto.    Nothing in this Indenture, expressed or implied, is intended or shall
be construed to confer upon or to give to, any Person other than the parties hereto and the Purchasers, any right, remedy or claim under or by reason of this Indenture or any covenant, condition or
stipulation hereof; and the covenants, stipulations and agreements in this Indenture contained are and shall be for the sole and exclusive benefit of the parties hereto, their successors and assigns,
and the Purchasers. 

        SECTION 13.3. Severability.    In case any one or more of the provisions contained in this Indenture or in the Notes shall be
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. If any right or option provided in this Indenture and the vesting of the estate created hereunder would, in the absence of the limitation imposed by this sentence, be invalid or unenforceable
as being in violation of the rule against perpetuities or any other rule of law relating to the vesting of an interest in or the suspension of the power of alienation of property, then such right or
option shall be exercisable only during the period which shall end twenty-one (21) years after the date of death of the last survivor of the descendants of Franklin D. Roosevelt, the former President
of the United States, Henry Ford, the deceased automobile manufacturer, and John D. Rockefeller, the founder of the Standard Oil Company, known to be alive on the date of the execution, acknowledgment
and delivery of this Indenture. 

        SECTION 13.4. Basis of Opinions of Counsel and Certificates.    Any opinion of counsel required to be furnished pursuant to any
of the provisions of this Indenture may, in lieu of stating the facts required by the provisions hereof, state that the required conditions will be fulfilled on the execution and delivery of
designated instruments, which instruments shall be delivered in form approved by such counsel prior to or concurrently with the taking or suffering by the Indenture Trustee of the action as a
condition precedent to which such opinion is required to be furnished under the terms of this Indenture. 

        Any
opinion of a Responsible Officer of the Lessor or an accountant may be based, insofar as it relates to legal matters, upon a certificate or opinion of or upon representations by
counsel, unless such officer or accountant knows that the certificates or opinions or representations with respect to the matters upon which his opinion may be based as aforesaid are erroneous, or in
the exercise of reasonable care should have known that the same were erroneous. 

        Any
opinion of counsel may be based, insofar as it relates to factual matters, or information with respect to which is in the possession of the Lessor, upon the certificate or opinion of
or representations by an officer or officers of the Lessor unless such counsel knows that the certificate or opinion or representations with respect to the matters upon which his opinion may be based
as aforesaid are erroneous. 

        SECTION 13.5. Addresses for Notices and Demands.    Any notice to or demand upon the Indenture Trustee or the Lessor shall be
served or presented, and such demand shall be made to the Indenture
Trustee or the Lessor in writing, in accordance with Section 15.3 of the Participation Agreement. The Lessor shall send a copy of any notice served or presented to it to the Indenture Trustee. The
Indenture Trustee shall send to each Purchaser a copy of any notice served or presented to the Indenture Trustee or the Lessor. Any notice or report required by any provision of this Indenture to be
given or made to the Purchasers shall be given or made in accordance with Section 15.3 of the Participation Agreement to each Purchaser at the address of such Purchaser set forth in Schedule II of the
Participation Agreement. 

        SECTION 13.6. Successors and Assigns.    Subject to compliance with the provisions of Section 12.2 of the Participation
Agreement (in the case of the Lessor) and the provisions of Article VIII hereof (in the case of the Indenture Trustee) whenever in this Indenture any of
the parties hereto is named or 

24

 

referred
to, the successors and assigns of such party shall be deemed to be included, and all the covenants, promises and agreements in this Indenture contained by or on behalf of the Lessor, or by or
on behalf of the Indenture Trustee, shall bind and inure to the benefit of the respective successors and assigns, whether so expressed or not. 

        SECTION 13.7. Counterparts; Descriptive Headings.    This Indenture is being executed in any number of counterparts, each of
which is an original and all of which are identical. Each counterpart of this Indenture is to be deemed an original hereof and all counterparts collectively are to be deemed but one instrument. The
descriptive headings of the several Sections of and Exhibits to this Indenture were formulated, used and inserted in this Indenture for convenience only and shall not be deemed to affect the meaning
or construction of any of the provisions hereof. 

        SECTION 13.8. Limitations of Liability.    NOTWITHSTANDING ANY OTHER PROVISION HEREIN OR IN THE NOTES TO
THE CONTRARY, ALL AMOUNTS PAYABLE BY THE LESSOR UNDER THE NOTES AND THIS INDENTURE SHALL BE MADE ONLY FROM THE INCOME AND PROCEEDS OF THE INDENTURE ESTATE AND EACH PURCHASER AND THE SUCCESSORS OR
ASSIGNS OF SAID PERSONS, BY ITS ACCEPTANCE OF ITS NOTE, AGREES THAT (A) IT WILL LOOK SOLELY TO THE INCOME AND PROCEEDS OF THE INDENTURE ESTATE FOR THE PAYMENT OF SUCH AMOUNTS, TO THE EXTENT AVAILABLE
FOR DISTRIBUTION TO IT AS HEREIN PROVIDED, AND (B) THE LESSOR IS NOT AND SHALL NOT BE PERSONALLY LIABLE TO ANY PURCHASER NOR THE SUCCESSORS OR ASSIGNS OF SAID PERSONS FOR ANY AMOUNT PAYABLE UNDER SUCH
NOTE OR THIS INDENTURE OR FOR ANY LIABILITY THEREUNDER OR HEREUNDER; PROVIDED, HOWEVER, THAT NOTHING CONTAINED IN THIS  SECTION 13.8 SHALL LIMIT, RESTRICT OR IMPAIR THE RIGHTS OF THE INDENTURE TRUSTEE TO ACCELERATE THE MATURITY OF THE NOTES UPON AN INDENTURE EVENT OF
DEFAULT, TO BRING SUIT AND OBTAIN A JUDGMENT AGAINST THE LESSOR ON THE NOTES (SUCH JUDGMENT TO BE LIMITED TO THE LESSOR'S INTEREST IN THE PROPERTY AND THE COLLATERAL) OR TO EXERCISE ALL RIGHTS AND
REMEDIES PROVIDED UNDER THIS INDENTURE OR OTHERWISE REALIZE UPON THE PROPERTIES AND THE OTHER COLLATERAL SECURING THE NOTES. NOTHING IN THIS SECTION
13.8SHALL RELEASE THE LESSOR FROM LIABILITY HEREUNDER FOR ITS OWN GROSS NEGLIGENCE OR WILFULL MISCONDUCT.

        SECTION 13.9. Governing Law.    This Indenture and the Notes shall be construed and enforced in accordance with, and the rights
of the parties shall be governed by, the law of the State of New York (excluding any conflicts of law rules which would otherwise cause this Indenture to be construed or enforced in accordance with,
or the rights of the parties to be governed by, the laws of any other jurisdiction) except as otherwise set forth in this Indenture with respect to the rights and remedies of the Participants with
respect to the Property. 

[REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK] 

25

 

        IN WITNESS WHEREOF, the parties hereto have caused this Trust Indenture and Security Agreement to be duly executed, pursuant to proper
authority duly granted, as of the date first above written. 

	 	 	CSL LEASING INC.
	

 	
 	

By:	

 	

 
	 	 	 	 	

	 	 	 	 	Name:	 
	 	 	 	 	 	

	 	 	 	 	Title:	 
	 	 	 	 	 	

	STATE OF	 	
	 	)	 	 
	 	 	 	 	 	)	 	SS
	COUNTY OF	 	
	 	)	 	 

        On
this        day of June, 2003, before me appeared            , to me personally known, who, being by me duly sworn (or affirmed), did say that he is
the            of
CSL Leasing Inc., a Delaware corporation, and that said instrument was signed on behalf of said corporation by authority of its Board of Directors, and said            acknowledged said
instrument to be the free act and deed of CSL Leasing Inc. 

	 	 	 	 	
 Notary Public
	

(SEAL)	
 	

 	
 	

 
	

Commission expires:	
 	

 	
 	

 

26

 

	 	 	WILMINGTON TRUST COMPANY,

as Indenture Trustee
	

 	
 	

By:	

 	

 
	 	 	 	 	

	 	 	 	 	Name:	 
	 	 	 	 	 	

	 	 	 	 	Title:	 
	 	 	 	 	 	

	STATE OF	 	
	 	)	 	 
	 	 	 	 	 	)	 	SS
	COUNTY OF	 	
	 	)	 	 

        On
this            day of June, 2003, before me appeared            , to me personally known, who, being by me duly sworn (or
affirmed), did say that he is the            
of WILMINGTON TRUST COMPANY, a Delaware banking corporation, and that said instrument was signed on behalf of said banking corporation by authority of its Board of Directors, and
said            ,
acknowledged said instrument to be the free act and deed of WILMINGTON TRUST COMPANY. 

	

 	
 	

 	
 	

 Notary Public
	

(SEAL)	
 	

 	
 	

 
	

Commission expires:	
 	

 	
 	

 

27

QuickLinks

Exhibit 10.1(d)

TABLE OF CONTENTS

TRUST INDENTURE AND SECURITY AGREEMENT

GRANTING CLAUSE

ARTICLE I DEFINITIONS

ARTICLE II THE NOTES

ARTICLE III APPLICATION OF RENT

ARTICLE IV COVENANTS OF THE LESSOR

ARTICLE V RELEASE OF PROPERTIES

ARTICLE VI REPAYMENT AND PREPAYMENT OF NOTES

ARTICLE VII INDENTURE EVENTS OF DEFAULT AND REMEDIES

ARTICLE VIII THE INDENTURE TRUSTEE

ARTICLE IX WAIVERS; SUPPLEMENTAL INDENTURES

ARTICLE X ACTION BY PURCHASERS

ARTICLE XI DISCHARGE OF INDENTURE; ETC.

ARTICLE XII [INTENTIONALLY RESERVED]

ARTICLE XIII MISCELLANEOUS PROVISIONS

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