SECOND SUPPLEMENTAL INDENTURE

Exhibit 4.3.2

SECOND SUPPLEMENTAL INDENTURE

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 1, 2012, among CLP ELITCH GARDENS, LLC, a Delaware limited liability company f/k/a CNL Income Elitch Gardens, LLC, and CLP ELITCH GARDENS TRS CORP., a Delaware corporation f/k/a CNL Income Elitch Gardens TRS Corp. (together, the “Guaranteeing Subsidiaries”), subsidiaries of CNL LIFESTYLE PROPERTIES, INC., a Maryland corporation (or its permitted successor) (the “Company”), the Company, the other Guarantors (as defined in the Indenture referred to herein) and WILMINGTON TRUST, NATIONAL ASSOCIATION, successor by merger to WILMINGTON TRUST FSB, as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture, dated as of April 5, 2011 (as supplemented, the “Indenture”), providing for the issuance of 7.250% Senior Notes due 2019 (the “Notes”);

WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee all of the Company’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guarantee”);

WHEREAS, Guaranteeing Subsidiaries are Restricted Subsidiaries and are obtaining certain Indebtedness permitted to be incurred pursuant to Section 4.09 of the Indenture (the “Guaranteeing Subsidiaries’ Indebtedness”);

WHEREAS, the Guaranteeing Subsidiaries’ Indebtedness shall be guaranteed by the Company (the “Company Guarantee”);

WHEREAS, pursuant to Section 4.09(d)(9) of the Indenture, the Company Guarantee is permitted provided that the Guaranteeing Subsidiaries are a Guarantor;

WHEREAS, prior to the date hereof, the Guaranteeing Subsidiaries were not a Guarantor;

WHEREAS, in order to permit, and as a condition to its execution of, the Company Guarantee, the Guaranteeing Subsidiaries desire to execute and deliver to the Trustee, this Supplemental Indenture; and

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiaries hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture including but not limited to Article 10 thereof.

4. NO RECOURSE AGAINST OTHERS. No director, officer, employee, incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or the Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws.

5. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

6. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.

7. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

8. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company.

[REMAINDER OF PAGE INTENTIONALLY BLANK]

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed and attested, all as of the date first above written.

Dated: May 1, 2012

GUARANTEEING SUBSIDIARIES:
CLP ELITCH GARDENS, LLC, a Delaware limited liability company (f/k/a CNL Income Elitch Gardens, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP ELITCH GARDENS TRS CORP., a Delaware corporation (f/k/a CNL Income Elitch Gardens TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
COMPANY:
CNL LIFESTYLE PROPERTIES, INC., a Maryland corporation
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
EXISTING GUARANTORS:
CLP PARTNERS, LP, a Delaware limited partnership (f/k/a CNL Income Partners, LP)
By:		CLP GP CORP.,
		a Delaware corporation, General Partner (f/k/a CNL Income GP Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP NORTHSTAR, LLC,
a Delaware limited liability company (f/k/a CNL Income Northstar, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP NORTHSTAR TRS CORP., a Delaware corporation (f/k/a CNL Income Northstar TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SIERRA, LLC, a Delaware limited liability company (f/k/a CNL Income Sierra, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SIERRA TRS CORP., a Delaware corporation (f/k/a CNL Income Sierra TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP LOON MOUNTAIN, LLC, a Delaware limited liability company (f/k/a CNL Income Loon Mountain, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP LOON MOUNTAIN TRS CORP.,
a Delaware corporation (f/k/a CNL Income Loon Mountain TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SNOQUALMIE, LLC, a Delaware limited liability company (f/k/a CNL Income Snoqualmie, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SNOQUALMIE TRS CORP., a Delaware corporation (f/k/a CNL Income Snoqualmie TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP BRIGHTON, LLC, a Delaware limited liability company (f/k/a CNL Income Brighton, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP BRIGHTON TRS CORP., a Delaware corporation (f/k/a CNL Income Brighton TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP BEAVER CREEK MARINA, LLC,
a Delaware limited liability company (f/k/a CNL Income Beaver Creek Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP BEAVER CREEK MARINA TRS CORP., a Delaware corporation (f/k/a CNL Beaver Creek Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXXXXX XXXXXX, LLC, a Delaware limited liability company (f/k/a CNL Income Xxxxxxxx Xxxxxx, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXXXXX XXXXXX TRS CORP., a Delaware corporation (f/k/a CNL Xxxxxxxx Xxxxxx TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP LAKEFRONT MARINA, LLC, a Delaware limited liability company (f/k/a CNL Income Lakefront Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP LAKEFRONT MARINA TRS CORP.,
a Delaware corporation (f/k/a CNL Lakefront Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXXXXX XXXXXX, LLC, a Delaware limited liability company (f/k/a CNL Income Xxxxxxxx Xxxxxx, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXXXXX XXXXXX TRS CORP., a Delaware corporation (f/k/a CNL Xxxxxxxx Xxxxxx TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PIER 121 MARINA, LLC, a Delaware limited liability company (f/k/a CNL Income Pier 121 Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PIER 121 MARINA TRS CORP., a Delaware corporation (f/k/a CNL Pier 121 Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP XXXXX CREEK XXXXXX, LLC,
a Delaware limited liability company (f/k/a CNL Income Xxxxx Creek Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXX CREEK XXXXXX TRS CORP., a Delaware corporation (f/k/a CNL Income Xxxxx Creek Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP EAGLE COVE MARINA, LLC, a Delaware limited liability company (f/k/a CNL Income Eagle Cove Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP EAGLE COVE MARINA TRS CORP., a Delaware corporation (f/k/a CNL Income Eagle Cove Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXX MOUNTAIN MARINA, LLC, a Delaware limited liability company (f/k/a CNL Income Xxxxx Mountain Marina, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP XXXXX MOUNTAIN MARINA TRS CORP., a Delaware corporation (f/k/a CNL Income Eagle Cove Marina TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP ENCHANTED VILLAGE, LLC, a Delaware limited liability company (f/k/a CNL Income Enchanted Village, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP ENCHANTED VILLAGE TRS CORP., a Delaware corporation (f/k/a CNL Income Enchanted Village TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MAGIC SPRING, LLC, a Delaware limited liability company (f/k/a CNL Income Magic Spring, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MAGIC SPRING TRS CORP., a Delaware corporation (f/k/a CNL Income Magic Spring TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP HAWAIIAN WATERS, LLC,
a Delaware limited liability company (f/k/a CNL Income Hawaiian Waters, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP HAWAIIAN WATERS TRS CORP., a Delaware corporation (f/k/a CNL Income Hawaiian Waters TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP COLONY, LP, a Delaware limited partnership (f/k/a CNL Income Colony, LP)
By:		CLP COLONY GP, LLC,
		a Delaware limited liability company,
		General Partner (f/k/a CNL Income Colony GP, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP XXXXXXX, XX, a Delaware limited partnership (f/k/a CNL Income Xxxxxxx, XX)
By:		CLP XXXXXXX XX, LLC,
		a Delaware limited liability company, General Partner (f/k/a CNL Income Xxxxxxx XX, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP NORTHSTAR COMMERCIAL, LLC,
a Delaware limited liability company (f/k/a CNL Income Northstar Commercial, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP BEAR CREEK GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Bear Creek, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PALMETTO GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Palmetto, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SOUTH MOUNTAIN GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income South Mountain, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP VALENCIA GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Valencia, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP WESTON HILLS GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income Weston Hills, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP CANYON SPRINGS GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Canyon Springs, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP CINCO RANCH GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Cinco Ranch, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP FOSSIL CREEK GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Fossil Creek, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PLANTATION GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Plantation, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP MANSFIELD GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income Mansfield, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MESA DEL SOL, LLC, a Delaware limited liability company (f/k/a CNL Income Mesa Del Sol, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP LAKERIDGE GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Lakeridge, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP ROYAL XXXXXXX GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Royal Xxxxxxx, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PAINTED HILLS GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Painted Hills, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP FOX MEADOW GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income Fox Meadow, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP WEYMOUTH GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Weymouth, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP SIGNATURE OF SOLON GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Signature of Solon, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
GRAPEVINE GOLF CLUB, L.P., a Delaware limited partnership
By: GRAPEVINE GOLF, L.L.C., a Delaware limited liability company, General Partner
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP GATLINBURG PARTNERSHIP, LP, a Delaware limited partnership (f/k/a CNL Income Gatlinburg Partnership, LP)
By:		CLP GATLINBURG GP CORP., a Delaware corporation, General Partner (f/k/a CNL Income Gatlinburg GP Corp.)
By:					/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP SOUTHWEST GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income EAGL Southwest Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP WEST GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income EAGL West Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP NORTH GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income EAGL North Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MIDWEST GOLF, LLC, a Delaware limited liability company(f/k/a CNL Income EAGL Midwest Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MIDEAST GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income EAGL Mideast Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP LEASEHOLD GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income EAGL Leasehold Golf, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP MEADOWLARK GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income EAGL Meadowlark, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP LAS VEGAS GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income EAGL Las Vegas, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP TRADITIONAL GOLF I, LLC, a Delaware limited liability company (f/k/a CNL Income Traditional Golf I, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP CLEAR CREEK GOLF, LLC, a Delaware limited liability company (f/k/a CNL Income Clear Creek, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP LAKE PARK GOLF, LLC,
a Delaware limited liability company (f/k/a CNL Income Lake Park, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP BAKERSFIELD FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Bakersfield, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP CHARLOTTE FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Charlotte, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP KNOXVILLE FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Knoxville, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP FEC NORTH HOUSTON, LLC, a Delaware limited liability company (f/k/a CNL Income FEC North Houston, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP SOUTH HOUSTON FEC, LLC,
a Delaware limited liability company (f/k/a CNL Income FEC South Houston, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP RICHLAND HILLS FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Richland Hills, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP TAMPA FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Tampa, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP TEMPE FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Tempe, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP TUCSON FEC, LLC, a Delaware limited liability company (f/k/a CNL Income FEC Tucson, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President
CLP PACIFIC PARK, LLC, a Delaware limited liability company (f/k/a CNL Income Pacific Park, LLC)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

CLP PACIFIC PARK TRS CORP.,
a Delaware corporation (f/k/a CNL Income Pacific Park TRS Corp.)
By:		/s/ Xxxxxx X. Xxxxx
		Name:		Xxxxxx X. Xxxxx
		Title:		Vice President

TRUSTEE:
WILMINGTON TRUST, NATIONAL
ASSOCIATION, successor by merger to
WILMINGTON TRUST FSB, as Trustee
By:		/s/ Xxxxxx X’Xxxxxxx
		Name:		Xxxxxx X’Xxxxxxx
		Title:		Authorized Signatory