BB PROPERTY TRUST UA DATED 71013

THE BB PROPERTY TRUST (THE "TRUST") WAS CREATED BY BETHEL WORLD OUTREACH CENTER, INC. ("BETHEL"). FOLLOWING THE TRUST'S FORMATION, BETHEL CONTRIBUTED TO THE TRUST A CHURCH LOCATED AT 5670 GRANNY WHITE PIKE, BRENTWOOD, TN AND THE SURROUNDING REAL PROPERTY. THE TRUST THEN ENTERED INTO A LEASE AGREEMENT WITH BETHEL PURSUANT TO WHICH THE TRUST LEASED THE BRENTWOOD CHURCH TO BETHEL. IN ADDITION TO ACTING AS BETHEL'S LANDLORD UNDER THE LEASE AGREEMENT, THE TRUST PLANS TO UTILIZE ANY OTHER ASSETS CONTRIBUTED TO OR OTHERWISE ACQUIRED BY THE TRUST TO SUPPORT BETHEL, ITS AFFILIATES, AND ANY OTHER CHRISTIAN, BIBLE-BELIEVING CHURCH OR RELIGIOUS ORGANIZATION THAT IS OPERATED AND ORGANIZED WITH AN EMPHASIS ON CHURCH PLANTING, EVANGELISM, AND WORLD MISSIONS.