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201002922 (Canadian Borrower and U.S. Borrower are sometimes collectively referred to herein as "Arctic Group"); (e) the performance of the cavenants and agreements of Canadian Borrower, U.S. Borrower and/or Subsidiary contained herein or in the other Benefited Creditor Documents; and (f) the repayment of all abligations of Canadian Borrower, U.S. Borrower and/or Subsidiary now ox hereafter owing , or assigned, to Master Collateral Agent, pursuant to any instrument referred to above or which recites that it is secured hereby. The indebtedness and obligations described in clauses (a) (f) above are collectively referred to herein as the "Indebtedness." The terms of the Benefited Creditor Documents secured hereby may provide that the interest rate or payment terms or balance due may be indexed, adjusted, renewed, or renegotiated from time to time, and this Instrument shall continue to secure the Benefited Creditor Documents notwithstanding any such indexing, adjustment, renewal or renegotiation. In the event that any Indebtedness secured hereby is denominated as foreign currency, to the extent required by applicable law, the Indebtedness shall also be described in U.S. Dollars in connection with the enforcement of foreclosure remedies under this Instrument. Subsidiary represents and warrants that Subsidiary has good, marketable and insurable title to, and has the right to grant, convey and assign the leasehold estate, and that the Ground Lease is in full force and effect without modification except as noted above and without default on the part of either lessee or lessor thereunder, and the right to convey the other Property, that the Property is unencumbered except as disclosed in writing to and approved by Master Collateral Agent prior to the date hereof, and that Subsidiary will warrant and forever defend unto Trustee the title to the Property against all claims and demands, subject only to the permitted exceptions set forth in Exhibit B attached hereto. Subsidiary represents, warrants, covenants and agrees for the benefit of Master Collateral Agent as follows: 1. FUNDS FOR TAXES, INSURANCE AND OTHER CHARGES. Upon the occurrence of an Event of Default (hereinafter defined), Master Collateral Agent shall have the right to require Subsidiary to pay, on or before the first day of each month, one-twelfth of the annual real estate taxes, insurance premiums, assessments, water and sewer rates, ground rents and other charges (herein "Impositions") payable with respect to the Property (as estimated by Master Collateral Agent in its sole discretion), to be held by Master Collateral Agent without interest to Subsidiary, for the payment of such obligations. If the amount of such additional payments held by Master Collateral Agent ("Funds") at the time of the annual accounting thereof shall exceed the amount deemed necessary by Master Collateral Agent to provide for the payment of Impositions as they fall due, such excess shall be at Subsidiary's option, either repaid to Subsidiary or credited to Subsidiary on the next monthly installment or installments of Funds due. If at any time the amount of the Funds held by Master Collateral Agent shall be less than the amount deemed necessary by Master Collateral Agent to pay Impositions as they fall due, Subsidiary shall pay to Master Collateral Agent any amount necessary to make up the deficiency within thirty (30) days after notice from Master Collateral Agent to Subsidiary requesting payment thereof. S (Grand Island, Hall County, Nebraska) 10476803.5 14451-2246