Exhibit 10.2


 


[EXECUTION
VERSION]





 



Published CUSIP Number: 37091WAC2


 


CREDIT AGREEMENT


 


Dated as of May 25, 2017


 


among


 


OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP,

as Borrower,


 


THE LENDERS PARTY HERETO,


 


BANK OF AMERICA, N.A.,

as Administrative Agent,


 


and


 


CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK,


 


and


 


JPMORGAN CHASE BANK, N.A.,


 


and


 


CITIZENS BANK, NATIONAL ASSOCIATION,


 


as Co-Syndication Agents,


 


and


 


MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED,

as Joint Lead Arranger and Sole Book Runner


 


and


 


CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK,


 


and


 


JPMORGAN CHASE BANK, N.A.,


 


and


 


CITIZENS BANK, NATIONAL ASSOCIATION,


 


as Joint Lead Arrangers


 


 



 




     


     


    

 


TABLE OF CONTENTS


 


	 	 	Page
	 	 	 
	Article I DEFINITIONS AND ACCOUNTING TERMS	1
	 	 	 
	1.01	Defined Terms	1
	1.02	Interpretive Provisions	32
	1.03	Accounting Terms	32
	1.04	Rounding	33
	1.05	References to Agreements and Laws	33
	1.06	Times of Day; Rates	33
	 	 	 
	Article II COMMITMENTS AND EXTENSION OF CREDITS	33
	 	 	 
	2.01	Commitments	33
	2.02	Borrowings, Conversions and Continuations	34
	2.03	[Reserved]	35
	2.04	[Reserved]	35
	2.05	Repayment of Loans	35
	2.06	Prepayments	36
	2.07	[Reserved]	36
	2.08	Interest	36
	2.09	Fees	37
	2.10	Computation of Interest and Fees	37
	2.11	Payments Generally	38
	2.12	Sharing of Payments	39
	2.13	Evidence of Debt	40
	2.14	[Reserved]	41
	2.15	Defaulting Lenders	41
	 	 	 
	Article III TAXES, YIELD PROTECTION AND ILLEGALITY	42
	 	 	 
	3.01	Taxes	42
	3.02	Illegality	44
	3.03	Inability to Determine Rates	45
	3.04	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Loans	45
	3.05	Funding Losses	46
	3.06	Matters Applicable to all Requests for Compensation	47
	3.07	Survival	47
	 	 	 
	Article IV CONDITIONS PRECEDENT TO EXTENSION OF CREDITS	47
	 	 	 
	4.01	Conditions to Initial Extensions of Credit	47
	4.02	Conditions to Extensions of Credit	50
	 	 	 
	Article V REPRESENTATIONS AND WARRANTIES	50
	 	 	 
	5.01	Financial Statements; No Material Adverse Effect	50
	5.02	Corporate Existence and Power	51
	5.03	Corporate and Governmental Authorization; No Contravention	51


 




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	5.04	Binding Effect	52
	5.05	Litigation	52
	5.06	Compliance with ERISA	52
	5.07	Environmental Matters	53
	5.08	Margin Regulations; Investment Company Act	54
	5.09	Compliance with Laws	54
	5.10	Ownership of Property; Liens	54
	5.11	Corporate Structure; Capital Stock, Etc.	54
	5.12	Labor Matters	55
	5.13	No Default	55
	5.14	Solvency	55
	5.15	Taxes	55
	5.16	REIT Status	55
	5.17	Insurance	55
	5.18	Intellectual Property; Licenses, Etc.	56
	5.19	Disclosure	56
	5.20	Anti-Terrorism Laws	56
	5.21	OFAC/FCPA	57
	5.22	No EEA Financial Institution	57
	 	 	 
	Article VI AFFIRMATIVE COVENANTS	57
	 	 	 
	6.01	Financial Statements	57
	6.02	Certificates; Other Information	58
	6.03	Preservation of Existence and Franchises	60
	6.04	Books and Records	60
	6.05	Compliance with Law	61
	6.06	Payment of Taxes and Other Indebtedness	61
	6.07	Insurance	61
	6.08	Maintenance of Property	61
	6.09	Performance of Obligations	61
	6.10	Visits and Inspections	62
	6.11	Use of Proceeds/Purpose of Loans	62
	6.12	Financial Covenants	62
	6.13	Environmental Matters; Preparation of Environmental Reports	63
	6.14	REIT Status	63
	6.15	Additional Guarantors; Withdrawal or Addition of Unencumbered Properties; Release of Guarantors	64
	6.16	Anti-Terrorism Laws	65
	6.17	Compliance With Material Contracts	66
	6.18	Designation as Senior Debt	66
	6.19	Investor Guaranties	66
	 	 	 
	Article VII NEGATIVE COVENANTS	66
	 	 	 
	7.01	Liens	66
	7.02	Indebtedness	67
	7.03	Investments	68
	7.04	Fundamental Changes	69


 




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	7.05	Dispositions	69
	7.06	Change in Nature of Business	70
	7.07	Transactions with Affiliates and Insiders	70
	7.08	Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity	70
	7.09	Negative Pledges	71
	7.10	Use of Proceeds	71
	7.11	Prepayments of Indebtedness	71
	7.12	Stock Repurchases	72
	7.13	Sanctions	72
	7.14	Omega REIT and Omega Holdco Covenants	72
	 	 	 
	Article VIII EVENTS OF DEFAULT AND REMEDIES	73
	 	 	 
	8.01	Events of Default	73
	8.02	Remedies Upon Event of Default	75
	8.03	Application of Funds	76
	 	 	 
	Article IX ADMINISTRATIVE AGENT	76
	 	 	 
	9.01	Appointment and Authorization of Administrative Agent	76
	9.02	Delegation of Duties	77
	9.03	Liability of Administrative Agent	77
	9.04	Reliance by Administrative Agent	78
	9.05	Notice of Default	78
	9.06	Credit Decision; Disclosure of Confidential Information by Administrative Agent	78
	9.07	Indemnification of Administrative Agent	79
	9.08	Administrative Agent in its Individual Capacity	80
	9.09	Successor Administrative Agent	80
	9.10	Administrative Agent May File Proofs of Claim	80
	9.11	Guaranty Matters	81
	9.12	Other Agents; Arrangers and Managers	81
	 	 	 
	Article X MISCELLANEOUS	82
	 	 	 
	10.01	Amendments, Etc.	82
	10.02	Notices and Other Communications; Facsimile Copies	83
	10.03	No Waiver; Cumulative Remedies	85
	10.04	Attorney Costs, Expenses and Taxes	86
	10.05	Indemnification	86
	10.06	Payments Set Aside	87
	10.07	Successors and Assigns	87
	10.08	Confidentiality	91
	10.09	Set-off	92
	10.10	Interest Rate Limitation	92
	10.11	Counterparts	92
	10.12	Integration	93
	10.13	Survival of Representations and Warranties	93
	10.14	Severability	93


 




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	10.15	Tax Forms	93
	10.16	Replacement of Lenders	95
	10.17	No Advisory or Fiduciary Responsibility	95
	10.18	Source of Funds	96
	10.19	GOVERNING LAW	97
	10.20	WAIVER OF RIGHT TO TRIAL BY JURY	97
	10.21	No Conflict	98
	10.22	USA Patriot Act Notice	98
	10.23	Electronic Execution of Assignments and Certain Other Documents	98
	10.24	Entire Agreement	98
	10.25	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	99
	 	 	 
	Article XI GUARANTY	99
	 	 	 
	11.01	Guaranty	99
	11.02	Obligations Unconditional	100
	11.03	Reinstatement	101
	11.04	Certain Waivers	101
	11.05	Rights of Contribution	102
	11.06	Guaranty of Payment; Continuing Guaranty	102
	11.07	Keepwell	102


 




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SCHEDULES


 


	2.01	Lenders and Commitments
	5.11	Corporate Structure; Capital Stock
	5.20	Consolidated Parties
	7.01	Liens
	7.02	Indebtedness
	7.03	Investments
	7.09	Negative Pledges
	10.02	Notice Addresses


 


EXHIBITS


 


	A	Form of Loan Notice
	B	Form of Term Note
	C	Form of Compliance Certificate
	D	Form of Assignment and Assumption
	E	Form of Subsidiary Guarantor Joinder Agreement


 




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CREDIT AGREEMENT


 


This CREDIT AGREEMENT
(as amended, modified, restated or supplemented from time to time, this “Credit Agreement” or this “Agreement”)
is entered into as of May 25, 2017 by and among OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership (the
“Borrower”), the Lenders (as defined herein), and BANK OF AMERICA, N.A., as Administrative Agent (as defined
herein).


 


WHEREAS, the
Borrower has requested that the Term Loan Lenders hereunder provide a term loan facility in the amount of $100,000,000 (the “Term
Loan Facility”);


 


WHEREAS, to
provide assurance for the repayment of the Loans hereunder and the other Obligations of the Credit Parties, the Borrower will,
among other things, provide or cause to be provided to the Administrative Agent, for the benefit of the holders of the Obligations
so guaranteed, a guaranty of the Obligations by each of the Guarantors pursuant to Article XI hereof;


 


WHEREAS, subject
to the terms and conditions set forth herein, the Administrative Agent is willing to act as administrative agent for the Lenders,
and each of the Term Loan Lenders is willing to make Term Loans as provided herein in an aggregate amount at any one time outstanding
not in excess of such Term Loan Lender’s Term Loan Commitment hereunder.


 


NOW, THEREFORE,
in consideration of these premises and the mutual covenants and agreements contained herein, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto covenant and agree as follows:


 


Article
I

DEFINITIONS AND ACCOUNTING TERMS


 


1.01         Defined
Terms.


 


As used in this Credit
Agreement, the following terms have the meanings set forth below (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):


 


“Acquisition”
with respect to any Person, means the purchase or acquisition by such Person of any Capital Stock in or any asset of another Person,
whether or not involving a merger or consolidation with such other Person.


 


“Acquisition
Leverage Ratio Notice” means a written notice from the Borrower to the Administrative Agent (a) delivered not later than
twenty (20) days following the last day of the initial fiscal quarter in which the Borrower seeks to invoke an adjustment to the
Consolidated Leverage Ratio and/or the Consolidated Unencumbered Leverage Ratio and (b) which describes the Significant Acquisition
which formed the basis for such request (including without limitation, a pro forma calculation of the Consolidated Leverage Ratio
and/or the Consolidated Unencumbered Leverage Ratio, as applicable, immediately prior to and after giving effect to such Significant
Acquisition) and otherwise in form and substance reasonably satisfactory to the Administrative Agent.


 




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“Adjusted
Consolidated Funded Debt” means, as of any date of determination, the sum of (a) all Consolidated Funded Debt plus
(b) the Consolidated Parties’ pro rata share of Funded Debt attributable to interest in Unconsolidated Affiliates.


 


“Administrative
Agent” means Bank of America in its capacity as administrative agent for the Lenders under any of the Credit Documents,
or any successor administrative agent.


 


“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02,
or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.


 


“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.


 


“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified.


 


“Agent-Related
Persons” means the Administrative Agent, together with its Affiliates (including, in the case of Bank of America in its
capacity as the Administrative Agent, the Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such
Persons and Affiliates.


 


“Agreement”
has the meaning provided in the introductory paragraph hereof.


 


“Applicable
Percentage” means with respect to any Lender at any time, (a) with respect to such Lender’s portion of any outstanding
Term Loan at any time, the percentage (carried out to the ninth decimal place) of the outstanding principal amount of such Term
Loan held by such Lender at such time subject to adjustment as provided in Section 2.15, and (b) with respect to such Lender’s
Term Loan Commitment at any time, the percentage (carried out to the ninth decimal place) of the aggregate Term Loan Commitments
of all Lenders represented by such Lender’s Term Loan Commitment at such time, subject to adjustment as provided in Section 2.15.
The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto or in any documentation executed by such Lender
pursuant to Section 2.01(e), as applicable.


 


“Applicable
Rate” means, for any applicable period, the appropriate applicable percentage corresponding to the following percentages
per annum, based upon the Debt Ratings at each Pricing Level as set forth below:


 


	Applicable Rate
	Pricing Level	 	Debt Rating	 	Eurodollar
 Loans	 	 	Base Rate
 Loans	 
	1	 	> A-/A3	 	 	0.90	%	 	 	0.00	%
	2	 	BBB+/Baa1	 	 	0.95	%	 	 	0.00	%
	3	 	BBB/Baa2	 	 	1.20	%	 	 	0.20	%
	4	 	BBB-/Baa3	 	 	1.45	%	 	 	0.45	%
	5	 	<BBB-/Baa3	 	 	1.90	%	 	 	0.90	%



 




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Each change in the Applicable Rate resulting
from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing
on the date of delivery by the Borrower to the Administrative Agent of notice thereof and ending on the day immediately preceding
the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public
announcement thereof and ending on the day immediately preceding the effective date of the next such change. If at any time the
Borrower or Omega REIT has only two (2) Debt Ratings, and such Debt Ratings are split, then: (A) if the difference between such
Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch), the Applicable Rate shall be the
rate per annum that would be applicable if the higher of the Debt Ratings were used; and (B) if the difference between such Debt
Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P), the Applicable Rate shall be the rate per annum
that would be applicable if the median of the applicable Debt Ratings were used. If at any time the Borrower or Omega REIT has
three (3) Debt Ratings, and such Debt Ratings are split, then: (A) if the difference between the highest and the lowest such Debt
Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch), the Applicable Rate shall be the rate
per annum that would be applicable if the highest of the Debt Ratings were used; and (B) if the difference between such Debt Ratings
is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P or Fitch) or more, the Applicable Rate shall be the rate
per annum that would be applicable if the average of the two (2) highest Debt Ratings were used; provided, that if such
average is not a recognized rating category, then the Applicable Rate shall be the rate per annum that would be applicable if the
second highest Debt Rating of the three were used.


 


“Approved
Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity
or an Affiliate of an entity that administers or manages a Lender.


 


“Arranger”
means, Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer Wholly Owned by Bank of America
Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment
banking, commercial lending services or related businesses may be transferred following the date of this Agreement), Credit Agricole
Corporate and Investment Bank, JPMorgan Chase Bank, N.A., and Citizens Bank, National Association, in their respective capacities
as joint lead arrangers and joint bookrunners.


 


“Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed
by the same investment advisor.


 


“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 10.07(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit D or any other form (including electronic documentation generated by use of an electronic platform)


 




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approved by the Administrative
Agent and, if such assignment and assumption requires its consent, the Borrower.


 


“Attorney
Costs” means and includes all reasonable and documented fees, expenses and disbursements of any law firm or other external
counsel and, without duplication, the allocated reasonable and documented cost of internal legal services and all expenses and
disbursements of internal counsel.


 


“Attributable
Principal Amount” means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance
with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder
as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding
principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by
the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted
in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments
during the term of such lease.


 


“Audited Financial
Statements” means the audited consolidated balance sheet of Omega REIT and its Consolidated Subsidiaries for the fiscal
year ended December 31, 2016, and the related consolidated statements of earnings, shareholders’ equity and cash flows
for such fiscal year of Omega REIT and its Consolidated Subsidiaries, including the notes thereto; provided, that the Administrative
Agent hereby agrees that the Form 10-K of Omega REIT delivered to it by the Borrower and containing information for the fiscal
year ended December 31, 2016 shall constitute all information required to be delivered as part of the “Audited Financial
Statements” for purposes of this Agreement.


 


“Bail-In Action”
means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability
of an EEA Financial Institution.


 


“Bail-In Legislation”
means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of
the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the
EU Bail-In Legislation Schedule.


 


“Bank of America”
means Bank of America, N.A., together with its successors and assigns.


 


“Bank of Tokyo
Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of May 25, 2017, by and among Omega
REIT, as borrower, certain subsidiaries of Omega REIT, as guarantors, the financial institutions party thereto from time to time,
as lenders, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, as amended, restated, replaced, supplemented or
otherwise modified from time to time.


 


“Bankruptcy
Code” means Title 11 of the United States Code, as the same may be amended from time to time.


 


“Bankruptcy
Event” means, with respect to any Person, the occurrence of any of the following: (a) the entry of a decree or order
for relief by a court or governmental agency in an


 




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involuntary case under
any applicable Debtor Relief Law or any other bankruptcy, insolvency or other similar law now or hereafter in effect, or the appointment
by a court or governmental agency of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of
such Person or for any substantial part of its Property or the ordering of the winding up or liquidation of its affairs by a court
or governmental agency and such decree, order or appointment is not vacated or discharged within ninety (90) days of its filing;
or (b) the commencement against such Person of an involuntary case under any applicable Debtor Relief Law or any other bankruptcy,
insolvency or other similar law now or hereafter in effect, or of any case, proceeding or other action for the appointment of a
receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part
of its Property or for the winding up or liquidation of its affairs, and such involuntary case or other case, proceeding or other
action shall remain undismissed for a period of ninety (90) consecutive days, or the repossession or seizure by a creditor
of such Person of a substantial part of its Property; or (c) such Person shall commence a voluntary case under any applicable Debtor
Relief Law or any other bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order
for relief in an involuntary case under any such law, or consent to the appointment of or the taking possession by a receiver,
liquidator, assignee, creditor in possession, custodian, trustee, sequestrator (or similar official) of such Person or for any
substantial part of its Property or make any general assignment for the benefit of creditors; or (d) the filing of a petition
by such Person seeking to take advantage of any Debtor Relief Law or any other applicable Law, domestic or foreign, relating to
bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, or (e) such Person shall fail to contest
in a timely and appropriate manner (and if not dismissed within ninety (90) days) or shall consent to any petition filed against
it in an involuntary case under such bankruptcy laws or other applicable Law or consent to any proceeding or action relating to
any bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts with respect to its assets or existence,
or (f) such Person shall admit in writing, or such Person’s financial statements shall reflect, an inability to pay its debts
generally as they become due.


 


“Base Rate”
means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate
of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,”
and (c) the Eurodollar Rate determined on such day (or if no such rate is determined on such day, the next preceding day for which
a Eurodollar Rate is determined) for a Eurodollar Loan with an Interest Period of one month plus one percent (1.00%); and if the
Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate”
is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above,
or below such announced rate. Any change in the “prime rate” announced by Bank of America shall take effect at the
opening of business on the day specified in the public announcement of such change.


 


“Base Rate
Loan” means a Loan that bears interest based on the Base Rate.


 


“Borrower”
has the meaning given to such term in the introductory paragraph hereof.


 


“Borrower
Materials” has the meaning provided in Section 6.02.


 




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“Borrowing”
means a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Loans, having the same Interest
Period.


 


“Braswell
Indebtedness” means that certain Indebtedness of Regency Health Services, Inc. owing to C. Allen
Braswell, Braswell Management, Inc., Dorothy Norton and Cecil Mays pursuant to that certain Promissory Note Secured by Deeds
of Trust in the original principal amount of $4,114,035 (of which no more than $2,961,607 was outstanding as of the Closing
Date).


 


“Businesses”
has the meaning provided in Section 5.07(a).


 


“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates
to any Eurodollar Loan, means any such day that is also a London Banking Day.


 


“Capital Lease”
means a lease that would be capitalized on a balance sheet of the lessee prepared in accordance with GAAP.


 


“Capital Stock”
means (a) in the case of a corporation, capital stock, (b) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership,
partnership interests (whether general or limited), (d) in the case of a limited liability company, membership interests and (e)
any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person.


 


“Capitalization
Rate” means 10.0% for all government reimbursed assets (i.e. skilled nursing facilities, hospitals, etc.) and 7.50% for
all non-government reimbursed assets (i.e. assisted living facilities, independent living facilities, medical office buildings,
etc.).


 


“Cash Equivalents”
means (a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof
(provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than
twelve months from the date of acquisition, (b) time deposits and certificates of deposit of (i) any Lender, (ii) any domestic
commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term
commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent
thereof (each an “Approved Bank”), in each case with maturities of not more than two hundred seventy (270) days
from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent
company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent
thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six (6) months
of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of
the Lenders) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued
by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject
to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase
obligations and (e) Investments (classified in accordance with GAAP as


 




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current assets) in money
market investment programs registered under the Investment Company Act of 1940, as amended, that are administered by reputable
financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character
described in the foregoing subclauses hereof.


 


“Change in
Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any
law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation,
implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline
or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the
Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United
States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change
in Law”, regardless of the date enacted, adopted or issued.


 


“Change of
Control” means the occurrence of any of the following events: (a) any Person or two or more Persons acting in concert
shall have acquired beneficial ownership, directly or indirectly, of, or shall have acquired by contract or otherwise, or shall
have entered into a contract or arrangement that, upon consummation, will result in its or their acquisition of or control over,
voting stock of Omega REIT (or other securities convertible into such voting stock) representing thirty-five percent (35%) or more
of the combined voting power of all voting stock of Omega REIT, (b) during any period of up to twenty-four (24) consecutive months,
commencing after the Closing Date, individuals who at the beginning of such twenty-four (24) month period were directors of Omega
REIT (together with any new director whose election by the Omega REIT’s Board of Directors or whose nomination for election
by the Omega REIT’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who
either were directors at the beginning of such period or whose election or nomination for election was previously so approved)
cease for any reason to constitute a majority of the directors of Omega REIT then in office, (c) the occurrence of a “Change
of Control” or any equivalent term or concept under any of the Senior Note Indentures, (d) Omega REIT ceases to be a general
partner of the Borrower or ceases to have the sole and exclusive power to exercise all management and control over the Borrower,
(e) any Person other than Omega REIT or Omega Holdco becomes a general partner of the Borrower, or (f) Omega REIT ceases to own,
directly or indirectly, sixty percent (60%) or more of the equity interests in the Borrower. As used herein, “beneficial
ownership” shall have the meaning provided in Rule 13d-3 of the SEC under the Securities Exchange Act of 1934.


 


“Closing Date”
means the date hereof.


 


“Commitment”
means with respect to each Lender, the Term Loan Commitment of such Lender.


 


“Commodity
Exchange Act” means the Commodity Exchange Act (7 U.S.C. § et seq.).


 




    	 	7	 



     


    

 


“Compliance
Certificate” means a certificate substantially in the form of Exhibit C.


 


“Confidential
Information” has the meaning provided in Section 10.08.


 


“Consolidated
Adjusted EBITDA” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) Consolidated
EBITDA as of such date plus (b) an amount based on the Special Charges Adjustment (without duplication to the extent included
in the determination of Consolidated Interest Expense and added back to net income in the calculation of Consolidated EBITDA).


 


“Consolidated
EBITDA” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) net income of the
Consolidated Parties, in each case, excluding any non-recurring or extraordinary gains and losses, plus (b) an amount which,
in the determination of net income for such period pursuant to clause (a) above, has been deducted for or in connection with
(i) Consolidated Interest Expense (plus, amortization of deferred financing costs, to the extent included in the determination
of Consolidated Interest Expense per GAAP), (ii) income taxes, and (iii) depreciation and amortization plus (c) to the extent
decreasing net income of the Consolidated Parties for such period, all expenses directly attributable to FIN 46 consolidation requirements,
minus (d) to the extent increasing net income of the Consolidated Parties for such period, all revenue directly attributable
to FIN 46 consolidation requirements, plus (e) to the extent decreasing net income of the Consolidated Parties for such
period, all expenses directly related to owned and operated assets, minus (f) to the extent increasing net income of the
Consolidated Parties for such period, all revenues directly related to owned and operated assets, all determined in accordance
with GAAP.


 


“Consolidated
Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to
(b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.


 


“Consolidated
Fixed Charges” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) Consolidated
Interest Expense (excluding, for purposes hereof and without duplication, Special Charges to the extent included in the calculation
of Consolidated Interest Expense) for such period, plus (b) current scheduled principal payments of Consolidated Funded
Debt for such period (including, for purposes hereof, current scheduled reductions in commitments, but excluding any payment of
principal under the Credit Documents and any “balloon” payment or final payment at maturity that is significantly larger
than the scheduled payments that preceded it) for a period beginning the day after the date of determination and lasting for the
same length of time as the applicable period referenced at the beginning of this definition, plus (c) dividends and distributions
on preferred stock, if any, for such period, in each case, as determined in accordance with GAAP.


 


“Consolidated
Funded Debt” means, as of any date of determination, the sum of (a) all Funded Debt of the Consolidated Parties determined
on a consolidated basis minus (b) to the extent included in the calculation of Funded Debt of the Consolidated Parties,
the aggregate amount of Funded Debt directly attributable to FIN 46 consolidation requirements, all determined in accordance with
GAAP.


 




    	 	8	 



     


    

 


“Consolidated
Interest Expense” means, for any period, for the Consolidated Parties on a consolidated basis, all interest expense and
letter of credit fee expense, as determined in accordance with GAAP during such period; provided, that interest expenses
shall, in any event, (a) include the interest component under Capital Leases and the implied interest component under Securitization
Transactions and (b) exclude the amortization of any deferred financing fees.


 


“Consolidated
Leverage Ratio” means, as of any date of determination, the ratio of (a) Adjusted Consolidated Funded Debt to
(b) Consolidated Total Asset Value for the most recently completed fiscal quarter.


 


“Consolidated
Parties” means Omega REIT and its Consolidated Subsidiaries, as determined in accordance with GAAP.


 


“Consolidated
Secured Funded Debt” means the aggregate principal amount of Funded Debt of Omega REIT or any of its Subsidiaries, on
a consolidated basis, that is secured by a Lien, and shall include (without duplication), the ownership share of such secured Funded
Debt of Omega REIT’s or its Subsidiaries’ Unconsolidated Affiliates.


 


“Consolidated
Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Secured Funded Debt to
(b) Consolidated Total Asset Value for the most recently completed fiscal quarter.


 


“Consolidated
Subsidiary” means at any date any Subsidiary of Omega REIT or other entity the accounts of which would be consolidated
with those of Omega REIT in its consolidated financial statements if such statements were prepared as of such date.


 


“Consolidated
Tangible Net Worth” means, for the Consolidated Parties as of any date of determination, (a) stockholders’ equity
on a consolidated basis determined in accordance with GAAP, but with no upward adjustments due to any revaluation of assets, less
(b) all Intangible Assets, plus (c) all accumulated depreciation, all determined in accordance with GAAP; provided, that
the Consolidated Parties will be permitted to exclude (i.e. add back to stockholder’s equity) up to $45,000,000 in potential
future impairment charges incurred during the term of this Credit Agreement (such exclusions to be clearly reflected, however,
in the calculations of Consolidated Tangible Net Worth delivered to the Administrative Agent by the Borrower from time to time
pursuant to the terms of this Credit Agreement).


 


“Consolidated
Total Asset Value” means the sum of all the following of the Consolidated Parties, without duplication: (a) the
quotient of (1) Net Revenue from all Real Property Assets for the fiscal quarter most recently ended (for Real Property Assets
owned for the prior four (4) fiscal quarters), minus the Net Revenue attributable to each Real Property Asset sold or otherwise
disposed of during such most recently ended quarter, minus the Net Revenue from all Real Property Assets acquired during
the prior four (4) fiscal quarter period, multiplied by four, divided by (2) the Capitalization Rate, plus
(b) the acquisition cost of each Real Property Asset acquired during the prior four (4) fiscal quarter period, plus (c)
the GAAP book value of Omega REIT’s Investments permitted by Section 7.03 of the REIT Credit Agreement, plus
(d) cash and cash equivalents, plus (e) the Consolidated Parties’ pro rata share of the foregoing items and components
attributable to interest in Unconsolidated Affiliates.


 




    	 	9	 



     


    

 


“Consolidated
Unsecured Funded Debt” means the aggregate principal amount of Funded Debt of Omega REIT or any of its Subsidiaries,
on a consolidated basis, that is not Consolidated Secured Funded Debt.


 


“Consolidated
Unsecured Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Unencumbered Net Revenue
for the most recently completed fiscal quarter to (b) the Consolidated Unsecured Interest Expense for the most recently
completed fiscal quarter.


 


“Consolidated
Unsecured Interest Expense” means, for any period, for the Consolidated Parties on a consolidated basis, all interest
expense and letter of credit fee expense, as determined in accordance with GAAP during such period, attributable to Omega REIT
and its Subsidiaries’ aggregate Consolidated Unsecured Funded Debt; provided, that interest expenses shall, in any
event, (a) include the interest component under Capital Leases and the implied interest component under Securitization Transactions
and (b) exclude the amortization of any deferred financing fees.


 


“Consolidated
Unsecured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Unsecured Funded Debt
to (b) Unencumbered Asset Value for the most recently completed fiscal quarter.


 


“Contractual
Obligation” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument
or other undertaking to which such Person is a party or by which it or any of its property is bound.


 


“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. Without limiting the generality of the foregoing, a Person shall be deemed to be Controlled
by another Person if such other Person possesses, directly or indirectly, power to vote twenty-five percent (25%) or more of the
securities having ordinary voting power for the election of directors, managing general partners or the equivalent.


 


“Credit Agreement”
has the meaning given to such term in the introductory paragraph hereof.


 


“Credit Documents”
means this Credit Agreement, the Notes, the Engagement Letter, the Subsidiary Guarantor Joinder Agreements and the Compliance Certificates.


 


“Credit Party”
means, as of any date, the Borrower or any Guarantor which is a party to the Credit Agreement as of such date; and “Credit
Parties” means a collective reference to each of them.


 


“Debt Rating”
means, as of any date of determination, the rating as determined by S&P, Moody’s and/or Fitch of the Borrower’s
or Omega REIT’s non-credit-enhanced, senior unsecured long-term debt.


 


“Debtor Relief
Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement,


 




    	 	10	 



     


    

 


receivership, insolvency,
reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect
and affecting the rights of creditors generally.


 


“Default”
means any event, act or condition that, with notice, the passage of time, or both, would constitute an Event of Default.


 


“Default Rate”
means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c)
two percent (2%) per annum; provided, however, that with respect to a Eurodollar Loan, the Default Rate shall be
an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus two percent
(2%) per annum, in each case to the fullest extent permitted by applicable Law.


 


“Defaulting
Lender” means, subject to Section 2.15(b), any Lender that, as reasonably determined by the Administrative Agent,
(a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans within three Business Days
of the date required to be funded by it hereunder, unless, in the case of any Loan, such Lender notifies the Administrative Agent
and the Borrower in writing that such failure is the result of such Lender’s reasonable determination that one or more conditions
precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified
in such writing) has not been satisfied, (b) has notified the Borrower or the Administrative Agent in writing that it does not
intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations
hereunder or under other agreements in which it commits to extend credit (unless such writing or public statement relates to such
Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s reasonable determination
that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified
in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after request by the Administrative
Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations (provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by
the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit
of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, (iii)
taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment,
or (iv) become the subject of a Bail-In Action; provided, that a Lender shall not be a Defaulting Lender solely by virtue
of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental
Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination
by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of
the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be
a Defaulting Lender (subject to Section 2.15(b)) as of the date established therefor by the Administrative Agent in a written
notice of such determination, which shall be delivered by


 




    	 	11	 



     


    

 


the Administrative Agent
to the Borrower and each Lender promptly following such determination.


 


“Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any
Sanction.


 


“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any Sale and Leaseback
Transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith.


 


“Dollar”
or “$” means the lawful currency of the United States.


 


“Domestic
Subsidiary” means any Subsidiary of the Borrower that is organized under the laws of the United States or any state thereof
or the District of Columbia.


 


“EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which
is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision
with its parent.


 


“EEA Member
Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.


 


“EEA Resolution
Authority” means any public administrative authority or any person entrusted with public administrative authority of
any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.


 


“Eligible
Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than
a natural person) approved by (i) the Administrative Agent (such approval not to be unreasonably withheld or delayed), and (ii)
unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or
delayed); provided, that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or
any of the Borrower’s Affiliates or Subsidiaries.


 


“Eligible
Ground Lease” means, at any time, a ground lease (a) under which the Borrower or a Subsidiary of the Borrower is the
lessee or holds equivalent rights and is the fee owner of the improvements located thereon, (b) that has a remaining term of not
less than thirty (30) years; provided, however, with respect to that certain ground lease covering properties
located at 200 Alabama Avenue, Muscle Shoals, Alabama, 500 John Aldridge Drive, Tuscumbia, Alabama and 813 Keeler Lane, Tuscumbia,
Alabama, such remaining term may be less than thirty (30) years provided that the Borrower or such Subsidiary of the Borrower at
all times possesses a valid and enforceable irrevocable option to purchase the fee interest in such properties with no conditions
or contingencies other than the payment of a sum of less than $1,000.00, (c) under which any required rental payment, principal
or interest payment or other payment due under such lease from the Borrower or from such Subsidiary of the Borrower to the ground
lessor is not more than sixty (60)


 




    	 	12	 



     


    

 


days past due and any
required rental payment, principal or interest payment or other payment due to such Borrower or Subsidiary of the Borrower under
any sublease of the applicable real property lessor is not more than sixty (60) days past due, (d) where no party to
such lease is subject to a then-continuing Bankruptcy Event, (e) such ground lease (or a related document executed by the applicable
ground lessor) contains customary provisions protective of any lender to the lessee and (f) where the Borrower’s or such
Subsidiary of the Borrower’s interest in the underlying Real Property Asset or the lease is not subject to (i) any Lien other
than Permitted Liens and other encumbrances acceptable to the Administrative Agent and the Required Lenders, in their discretion,
or (ii) any Negative Pledge.


 


“Engagement
Letter” means the letter agreement dated as of March 30, 2017 among Omega REIT, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and the Administrative Agent, as amended and modified.


 


“Environmental
Laws” means any and all federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution
and the protection of the environment or the release of any materials into the environment, including those related to hazardous
substances or wastes, air emissions and discharges to waste or public systems.


 


“Equity Transaction”
means, with respect to any member of the Consolidated Parties, any issuance or sale of shares of its Capital Stock, other than
an issuance (a) to a Consolidated Party, (b) in connection with a conversion of debt securities to equity, (c) in connection with
the exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity-based
compensation plan or arrangement, or (d) in connection with any acquisition permitted hereunder.


 


“ERISA”
means the Employee Retirement Income Security Act of 1974.


 


“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b)
or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating
to Section 412 of the Internal Revenue Code).


 


“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension
Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete
or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan
is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under
Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer
Plan; (e) an event or condition that could reasonably be expected to constitute grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of
any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA,
upon the Borrower or any ERISA Affiliate.


 




    	 	13	 



     


    

 


“EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor
person), as in effect from time to time.


 


“Eurodollar
Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”


 


“Eurodollar
Rate” means


 


(a)          For
any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”)
or a comparable or successor rate, which rate is approved by the Administrative Agent, as published by Bloomberg (or such other
commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in
such case, the “LIBOR Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement
of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period; and if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement;


 


(b)          For
any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at approximately
11:00 a.m., London time, determined two (2) Business Days prior to such date for Dollar deposits with a term of one month commencing
that day;


 


provided, that to the extent a comparable
or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner
consistent with market practice; and, provided, further, that to the extent such market practice is not administratively
feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the
Administrative Agent.


 


“Event of
Default” has the meaning provided in Section 8.01.


 


“Excluded
Swap Obligation” means, with respect to any Guarantor, any Obligation under any Swap Contract if, and to the extent that,
all or a portion of the Guaranty of such Guarantor of, or the grant under a Credit Document by such Guarantor of a security interest
to secure, such Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act (or the application
or official interpretation thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible
contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 11.07 and any and
all guarantees of such Guarantor’s Obligations under any Swap Contract by other Credit Parties) at the time the Guaranty
of such Guarantor, or grant by such Guarantor of a security interest, becomes effective with respect to such Obligation. If an
Obligation under any Swap Contract arises under a Master Agreement governing more than one Swap Contract, such exclusion shall
apply to only the portion of such Obligations that is attributable to Swap Contracts for which such Guaranty or security interest
becomes illegal.


 


“Executive
Order” has the meaning provided in the definition of “Prohibited Person” in this Section 1.01.


 




    	 	14	 



     


    

 


“Existing
Credit Facility” means that certain Credit Agreement, dated as of April 1, 2015, by and among the Borrower, certain Subsidiaries
of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated, replaced, supplemented
or otherwise modified from time to time prior to the date hereof.


 


“Existing
REIT Credit Agreement” means that certain Credit Agreement, dated as of June 27, 2014, by and among Omega REIT, as borrower,
certain subsidiaries of Omega REIT, as guarantors, the financial institutions party thereto from time to time, as lenders, and
Bank of America, N.A., as administrative agent, as amended, restated, supplemented or otherwise modified from time to time.


 


“Extension
of Credit” means any Borrowing.


 


“Facilities”
has the meaning provided in Section 5.07(a).


 


“Facility
Lease” means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated
Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease
such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses
with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base
rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property
Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall
be in form and substance reasonably satisfactory to the Administrative Agent.


 


“FASB”
means the Accounting Standards Codification of the Financial Accounting Standards Board.


 


“FATCA”
means Section 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any applicable
intergovernmental agreements.


 


“Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day immediately
succeeding such day; provided, that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be
such rate on such transactions on the immediately preceding Business Day as so published on the immediately succeeding Business
Day, and (b) if no such rate is so published on such immediately succeeding Business Day, the Federal Funds Rate for such day shall
be the average rate (rounded upward, if necessary, to the next 1/100th of 1%) charged to Bank of America on such day
on such transactions as determined by the Administrative Agent.


 


“Fitch”
means Fitch Ratings, a Subsidiary of Fimalac, S.A., and any successor thereto.


 


“Foreign Lender”
has the meaning provided in Section 10.15(a)(i).


 




    	 	15	 



     


    

 


“Foreign Subsidiary”
means any Subsidiary of the Borrower that is not organized under the laws of the United States or any state thereof or the District
of Columbia.


 


“FRB”
means the Board of Governors of the Federal Reserve System of the United States.


 


“Fund”
means any Person (other than a natural person) engaged in making, purchasing, holding or otherwise investing in commercial loans
and similar extensions of credit in the ordinary course of its business.


 


“Funded Debt”
means, as to any Person (or consolidated group of Persons) at a particular time, without duplication, all of the following, whether
or not included as indebtedness or liabilities in accordance with GAAP:


 


(a)          all
obligations for borrowed money, whether current or long-term (including the Obligations hereunder), and all obligations evidenced
by bonds, debentures, notes, loan agreements or other similar instruments;


 


(b)          all
purchase money indebtedness (including indebtedness and obligations in respect of conditional sales and title retention arrangements,
except for customary conditional sales and title retention arrangements with suppliers that are entered into in the ordinary course
of business) and all indebtedness and obligations in respect of the deferred purchase price of property or services (other than
trade accounts payable incurred in the ordinary course of business and payable on customary trade terms);


 


(c)          all
direct obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments
(including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent
such instruments or agreements support financial, rather than performance, obligations;


 


(d)          the
Attributable Principal Amount of capital leases and Synthetic Leases;


 


(e)          the
Attributable Principal Amount of Securitization Transactions;


 


(f)          all
preferred stock and comparable equity interests providing for mandatory redemption, sinking fund or other like payments;


 


(g)          Support
Obligations in respect of Funded Debt of another Person (other than Persons in such group, if applicable); and


 


(h)          Funded
Debt of any partnership or joint venture or other similar entity in which such Person is a general partner or joint venturer, and,
as such, has personal liability for such obligations, but only to the extent there is recourse to such Person (or, if applicable,
any Person in such consolidated group) for payment thereof.


 


For purposes hereof,
the amount of Funded Debt shall be determined based on the outstanding principal amount in the case of borrowed money indebtedness
under clause (a) and purchase money indebtedness and the deferred purchase obligations under clause (b), based on the




    	 	16	 



     


    

 


maximum amount available
to be drawn in the case of letter of credit obligations and the other obligations under clause (c), and based on the amount
of Funded Debt that is the subject of the Support Obligations in the case of Support Obligations under clause (g). For purposes
of clarification, “Funded Debt” of Person constituting a consolidated group shall not include inter-company indebtedness
of such Persons, general accounts payable of such Persons which arise in the ordinary course of business, accrued expenses of such
Persons incurred in the ordinary course of business or minority interests in joint ventures or limited partnerships (except to
the extent set forth in clause (h) above).


 


“GAAP”
means generally accepted accounting principles in effect in the United States as set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board from time to time applied on a consistent basis, subject to the provisions of Section 1.03.


 


“Governmental
Authority” means any nation or government, any state or other political subdivision thereof, and any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.


 


“Guaranteed
Obligations” has the meaning given to such term in Section 11.01(a).


 


“Guarantors”
means any Subsidiary of the Borrower that guarantees the loans and obligations hereunder pursuant to the Guaranty, in each case
with their successors and permitted assigns.


 


“Guaranty”
means the guaranty of the Obligations by each of the Guarantors pursuant to Article XI hereof.


 


“Hazardous
Material” means any toxic or hazardous substance, including petroleum and its derivatives regulated under the Environmental
Laws.


 


“Healthcare
Facilities” means any skilled nursing facilities, mental health and developmentally disabled facilities, rehab hospitals,
long term acute care facilities, intermediate care facilities for the mentally disabled, medical office buildings, domestic assisted
living facilities, independent living facilities or Alzheimer’s care facilities and any ancillary businesses that are incidental
to the foregoing.


 


“Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness
or liabilities in accordance with GAAP:


 


(a)          all
Funded Debt;


 


(b)          all
contingent obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments
(including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent
such instruments or agreements support financial, rather than performance, obligations;


 




    	 	17	 



     


    

 


(c)          net
obligations under any Swap Contract;


 


(d)          Support
Obligations in respect of Indebtedness of another Person; and


 


(e)          Indebtedness
of any partnership or joint venture or other similar entity in which such Person is a general partner or joint venturer, and, as
such, has personal liability for such obligations, but only to the extent there is recourse to such Person for payment thereof.


 


For purposes
hereof, the amount of Indebtedness shall be determined based on Swap Termination Value in the case of net obligations under Swap
Contracts under clause (c) and based on the outstanding principal amount of the Indebtedness that is the subject of the Support
Obligations in the case of Support Obligations under clause (d).


 


“Indemnified
Liabilities” has the meaning provided in Section 10.05.


 


“Indemnitees”
has the meaning provided in Section 10.05.


 


“Intangible
Assets” means all assets consisting of goodwill, patents, trade names, trademarks, copyrights, franchises, experimental
expense, organization expense, unamortized debt discount and expense, deferred assets (other than prepaid insurance and prepaid
taxes), the excess of cost of shares acquired over book value of related assets and such other assets as are properly classified
as “intangible assets” in accordance with GAAP.


 


“Interest
Payment Date” means, (a) as to any Base Rate Loan, the last Business Day of each March, June, September and December and
the Term Loan Maturity Date, and (b) as to any Eurodollar Loan, the last Business Day of each Interest Period for such Loan, the
date of repayment of principal of such Loan, and where the applicable Interest Period exceeds three months, the date every three
months after the beginning of such Interest Period. If an Interest Payment Date falls on a date that is not a Business Day, such
Interest Payment Date shall be deemed to be the immediately succeeding Business Day.


 


“Interest
Period” means, as to each Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or converted
to or continued as a Eurodollar Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower
in its Loan Notice; provided, that:


 


(a)          any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the immediately succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding
Business Day;


 


(b)          any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and


 


(c)          no
Interest Period shall extend beyond the Term Loan Maturity Date.


 




    	 	18	 



     


    

 


“Internal
Revenue Code” means the Internal Revenue Code of 1986 as amended.


 


“International
Unencumbered Property” means an Unencumbered Property which is located in Australia, Canada, Switzerland or the United
Kingdom.


 


“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase
or other acquisition of Capital Stock of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption
of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including
any partnership or joint venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction or
a series of transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the
amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the
value of such Investment.


 


“Investor
Guarantor” means any of the limited partners (other than Omega REIT or any Domestic Subsidiary of Omega REIT) of the
Borrower that are a party to the Investor Guaranty.


 


“Investor
Guaranty” means a guaranty which may be executed and delivered by one or more Investor Guarantors in accordance with
Section 6.19, in a form approved by Administrative Agent, which approval shall not be unreasonably withheld, delayed
or conditioned, as the same may be amended, supplemented or otherwise modified from time to time.


 


“IRS”
means the United States Internal Revenue Service.


 


“Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances,
codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed
duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether
or not having the force of law.


 


“Lender”
means each of the Persons identified as a “Lender” on the signature pages hereto and each Person who joins as a Lender
pursuant to the terms hereof, together with their respective successors and assigns.


 


“Lending Office”
means, as to any Lender, the office or offices of such Lender set forth in such Lender’s Administrative Questionnaire or
such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.


 


“LIBOR”
has the meaning provided in the definition of “Eurodollar Rate” in this Section 1.01.


 


“LIBOR Rate”
has the meaning provided in the definition of “Eurodollar Rate” in this Section 1.01.


 




    	 	19	 



     


    

 


“Lien”
means any mortgage, deed of trust, deed to secured debt, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature
whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the
same economic effect as any of the foregoing).


 


“Loan”
means any Term Loan and the Base Rate Loans and Eurodollar Loans comprising such Loans.


 


“Loan Notice”
means a notice of (a) a Borrowing of Loans, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar
Loans, which, if in writing, shall be substantially in the form of Exhibit A or such other form as may be approved
by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved
by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.


 


“London Banking
Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar
market.


 


“Master Agreement”
has the meaning provided in the definition of “Swap Contract” in this Section 1.01.


 


“Material
Adverse Effect” means a material adverse effect on (a) the condition (financial or otherwise), operations, business,
assets, liabilities or prospects of Omega REIT and its Consolidated Subsidiaries taken as a whole, (b) the ability of the Borrower
or the other Credit Parties, taken as a whole, to perform any material obligation under the Credit Documents, or (c) the rights
and remedies of the Administrative Agent and the Lenders under the Credit Documents.


 


“Material
Contract” means, any agreement the breach, nonperformance or cancellation of which could reasonably be expected to have
a Material Adverse Effect.


 


“Material
Group” has the meaning specified in the definition of “Material Subsidiary.”


 


“Material
Subsidiary” means each Subsidiary or any group of Subsidiaries (a) which, as of the most recent fiscal quarter of Omega
REIT for which financial statements have been delivered pursuant to Section 6.01, contributed greater than $10,000,000 of
Consolidated EBITDA for the period of four (4) consecutive fiscal quarters then ended or (b) which contributed greater than $50,000,000
of Consolidated Total Asset Value as of such date. A group of Subsidiaries (a “Material Group”) each of which
is not otherwise a Material Subsidiary (defined in the foregoing sentence) shall constitute a Material Subsidiary if the group
taken as a single entity satisfies the requirements of the foregoing sentence.


 


“Moody’s”
means Moody’s Investors Service, Inc. and any successor thereto.


 


“Mortgage
Loan” means any loan owned or held by any of the Consolidated Parties secured by a mortgage or deed of trust on Real
Property Assets.


 




    	 	20	 



     


    

 


“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower
or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated
to make contributions.


 


“Negative
Pledge” means any agreement (other than this Credit Agreement or any other Credit Document) that in whole or in
part prohibits the creation of any Lien on any assets of a Person; provided, however, that an agreement that establishes
a maximum ratio of unsecured debt to unencumbered assets, or of secured debt to total assets, or that otherwise conditions a Person’s
ability to encumber its assets upon the maintenance of one or more specified ratios that limit such Person’s ability to encumber
its assets but that do not generally prohibit the encumbrance of its assets, or the encumbrance of specific assets, shall not constitute
a “Negative Pledge” for purposes of this Credit Agreement.


 


“Net Revenue”
shall mean, with respect to any Real Property Asset for the applicable period, the sum of (a) rental payments received in
cash by the applicable Consolidated Party (whether in the nature of base rent, minimum rent, percentage rent, additional rent or
otherwise, but exclusive of security deposits, earnest money deposits, advance rentals, reserves for capital expenditures, charges,
expenses or items required to be paid or reimbursed by the Tenant thereunder and proceeds from a sale or other disposition) pursuant
to the Facility Leases applicable to such Real Property Asset, minus (b) expenses of the applicable Consolidated Party allocated
to such Real Property Asset, minus (c) to the extent increasing Net Revenue of the Consolidated Parties for such period,
all revenue directly attributable to FIN 46 consolidation requirements.


 


“Non-Defaulting
Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.


 


“Notes”
means a collective reference to the Term Notes; and “Note” means any one of them.


 


“Obligations”
means, without duplication, (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Credit Party
arising under any Credit Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that
accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such
proceeding, (b) all obligations under any Swap Contract of any Credit Party to which a Lender or any Affiliate of a Lender is a
party and (c) all obligations of any Credit Party under any treasury management agreement between any Credit Party and any Lender
or Affiliate of a Lender; provided, however, that the “Obligations” of a Credit Party shall exclude any
Excluded Swap Obligations with respect to such Credit Party.


 


“OFAC”
means the U.S. Department of the Treasury’s Office of Foreign Assets Control.


 


“Omega Holdco”
means OHI Healthcare Properties Holdco, Inc., a Delaware corporation, and its successors.


 




    	 	21	 



     


    

 


“Omega REIT”
means Omega Healthcare Investors, Inc., a Maryland corporation, and its successors.


 


“Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership,
joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation
or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or
organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable,
any certificate or articles of formation or organization of such entity.


 


“Outstanding
Amount” means the aggregate outstanding principal amount thereof after giving effect to any Borrowings and prepayments
or repayments of Term Loans, as the case may be, occurring on such date.


 


“Participant”
has the meaning provided in Section 10.07(d).


 


“Patriot Act”
means the USA Patriot Act, Pub. L. No. 107-56 et seq.


 


“PBGC”
means the Pension Benefit Guaranty Corporation.


 


“Pension Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which
the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other
plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan
years.


 


“Permitted
Activity” has the meaning provided in Section 7.14.


 


“Permitted
Liens” means, at any time, Liens in respect of the Borrower or any of its Subsidiaries permitted to exist at such time
pursuant to the terms of Section 7.01.


 


“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.


 


“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Borrower
or, with respect to any such plan that is subject to Section 412 of the Internal Revenue Code or Title IV of ERISA, any
ERISA Affiliate.


 


“Platform”
has the meaning provided in Section 6.02.


 


“Pro Forma
Basis” shall mean, for purposes of determining the calculation of and compliance with the financial covenants set forth
in Section 6.12(a), (b), (c), (d) and (g) hereunder, that the subject transaction shall be deemed to have occurred
as of the first day of the period of four (4) consecutive fiscal quarters ending as of the end of the most recent fiscal quarter
for which


 




    	 	22	 



     


    

 


annual or quarterly financial
statements shall have been delivered in accordance with the provisions of this Credit Agreement. Further, for purposes of making
calculations on a “Pro Forma Basis” hereunder, (a) in the case of a Disposition, (i) income statement items (whether
positive or negative) attributable to the property, entities or business units that are the subject of such Disposition shall be
excluded to the extent relating to any period prior to the date of the subject transaction, and (ii) Indebtedness paid or retired
in connection with the subject transaction shall be deemed to have been paid and retired as of the first day of the applicable
period; (b) in the case of an Acquisition, (i) income statement items (whether positive or negative) attributable to the property,
entities or business units that are the subject of such Acquisition shall be included to the extent relating to any period prior
to the date of the subject transaction, and (ii) Indebtedness incurred in connection with the subject transaction shall be deemed
to have been incurred as of the first day of the applicable period (and interest expense shall be imputed for the applicable period
utilizing the actual interest rates thereunder or, if actual rates are not ascertainable, assuming prevailing interest rates hereunder)
and (c) in the case of an Equity Transaction, Indebtedness paid or retired in connection therewith shall be deemed to have been
paid and retired as of the first day of the applicable period.


 


“Prohibited
Person” means any Person (i) listed in the annex to, or who is otherwise subject to the provisions of, Executive Order
No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions
With Persons Who Commit, Threaten to Commit, or Support Terrorism (the “Executive Order”); (ii) that is
owned or controlled by, or acting for or on behalf of, any person or entity that is listed in the annex to, or is otherwise subject
to the provisions, of the Executive Order; (iii) with whom a Person is prohibited from dealing or otherwise engaging in any transaction
by any terrorism or money laundering Law, including the Executive Order; (iv) who commits, threatens or conspires to commit or
supports “terrorism” as defined in the Executive Order; (v) that is named as a “specially designated national
and blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at
its official website or at any replacement website or other replacement official publication of such list; or who is an Affiliate
of a Person listed in clauses (i) - (v) above.


 


“Property”
means all property owned or leased by a Credit Party or any of its Subsidiaries, both real and personal.


 


“Qualified
ECP Guarantor” means, at any time, each Credit Party with total assets exceeding $10,000,000 or that qualifies at such
time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify
as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.


 


“Qualified
Mortgage Loan” means any Mortgage Loan that is secured by a first or second mortgage or a first or second deed of trust
on Real Property Assets so long as the mortgagor or grantor with respect to such Mortgage Loan is not delinquent sixty (60) days
or more in interest or principal payments due thereunder.


 


“Qualified
REIT Subsidiary” means the meaning given to such term in the Internal Revenue Code.


 




    	 	23	 



     


    

 


“Real Property
Asset” means, a parcel of real property, together with all improvements (if any) thereon, owned in fee simple or leased
pursuant to an Eligible Ground Lease by any Person; “Real Property Assets” means a collective reference to each
Real Property Asset.


 


“Register”
has the meaning provided in Section 10.07(c).


 


“Registered
Public Accounting Firm” has the meaning provided in the Securities Laws and shall be independent of Omega REIT as prescribed
by the Securities Laws.


 


“Regulation U”
means Regulation U of the FRB, as in effect from time to time.


 


“Regulation X”
means Regulation X of the FRB, as in effect from time to time.


 


“REIT”
means a real estate investment trust as defined in Sections 856-860 of the Internal Revenue Code.


 


“REIT Credit
Agreement” means that certain Credit Agreement, dated as of May 25, 2017, by and among Omega REIT, as borrower, certain
subsidiaries of Omega REIT, as guarantors, the financial institutions party thereto from time to time, as lenders, and Bank of
America, N.A., as administrative agent, as amended, restated, supplemented or otherwise modified from time to time.


 


“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and
advisors of such Person and of such Person’s Affiliates.


 


“Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty-day
notice period has been waived.


 


“Request for
Extension of Credit” means, with respect to a Borrowing of Loans or the conversion or continuation of Loans, a Loan Notice.


 


“Required
Lenders” means, as of any date of determination, two or more Lenders (except to the extent only one Lender exists as
of such date) holding more than 50% of (a) the sum of the Outstanding Amount of the Term Loans and the aggregate Commitments or
(b) if the aggregate Commitments have expired or have been terminated pursuant to Article VIII, Lenders holding in the aggregate
more than 50% of the sum of the outstanding principal amount of the Term Loans; provided, that the unfunded Commitments
of any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.


 


“Responsible
Officer” means the chief executive officer, president, chief operating officer and chief financial officer of any Credit
Party and solely for the purposes of notices given pursuant to Article II, any other officer of the applicable Credit Party so
designated by any of the foregoing officers in a notice to the Administrative Agent. Any document delivered hereunder that is signed
by a Responsible Officer of a Credit Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Credit Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Credit Party.


 




    	 	24	 



     


    

 


“S&P”
means Standard & Poor’s Ratings Services, a division of S&P Global Inc. and any successor thereto.


 


“Sale and
Leaseback Transaction” means, with respect to Omega REIT or any Subsidiary of Omega REIT, any arrangement, directly or
indirectly, with any person whereby Omega REIT or such Subsidiary shall sell or transfer any property, real or personal, used or
useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that
it intends to use for substantially the same purpose or purposes as the property being sold or transferred.


 


“Sanction(s)”
means any international economic sanction or trade embargo administered or enforced by OFAC, U.S. Department of State, the United
Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.


 


“Sanctioned
Person” means (a) a Person named on a Sanctions-related list maintained or published by a Governmental Authority administering
or enforcing Sanctions published from time to time or is otherwise the subject or target of Sanctions, (b) (i) an agency of the
government of a Designated Jurisdiction, (ii) an organization controlled by a Designated Jurisdiction, or (iii) a Person resident
in a Designated Jurisdiction or (c) any Person or Persons owned or controlled by any such Person or Persons described in the foregoing
clauses (a) or (b).


 


“Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002.


 


“SEC”
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.


 


“Securities
Laws” means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the applicable accounting
and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company
Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable date hereunder.


 


“Securitization
Transaction” means any financing or factoring or similar transaction (or series of such transactions) entered by any
member of the Consolidated Parties pursuant to which such member of the Consolidated Parties may sell, convey or otherwise transfer,
or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights
to payment to a special purpose subsidiary or affiliate or any other Person.


 


“Senior Note
Trustee” means, with respect to any of the Senior Notes, U.S. Bank National Association or any other financial institution
from time to time serving as trustee under the Senior Note Indenture governing such series of Senior Notes.


 


“Senior Notes”
means collectively, the Senior Notes (2023), the Senior Notes (2024), the Senior Notes (2025), the Senior Notes (2026), the Senior
Notes (2027) and the Senior Notes (2028).


 


“Senior Notes
(2023)” means any one of the 4.375% Senior Notes due 2023 issued by Omega REIT in favor of the Senior Note Trustee
pursuant to the Senior Note Indenture (2023), as




    	 	25	 



     


    

 


such Senior Notes may
be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Senior Notes
(2024)” means any one of the 4.950% Senior Notes due 2024 issued by Omega REIT in favor of the Senior Note Trustee
pursuant to the Senior Note Indenture (2024), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.


 


“Senior Notes
(2025)” means any one of the 4.50% Senior Notes due 2025 issued by Omega REIT in favor of the Senior Note Trustee
pursuant to the Senior Note Indenture (2025), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.


 


“Senior Notes
(2026)” means any one of the 5.250% Senior Notes due 2026 issued by Omega REIT in favor of the Senior Note Trustee pursuant
to the Senior Note Indenture (2026), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise modified
from time to time.


 


“Senior Notes
(2027)” means any one of the 4.500% Senior Notes due 2027 issued by Omega REIT in favor of the Senior Note Trustee
pursuant to the Senior Note Indenture (2027), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.


 


“Senior Notes
(2028)” means any one of the 4.750% Senior Notes due 2028 issued by the Borrower in favor of the Senior Note Trustee
pursuant to the Senior Note Indenture (2028), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.


 


“Senior Note
Indentures” means collectively, the Senior Note Indenture (2023), the Senior Note Indenture (2024), the Senior Note Indenture
(2025), the Senior Note Indenture (2026), the Senior Note Indenture (2027) and the Senior Note Indenture (2028).


 


“Senior Note
Indenture (2023)” means the Indenture, dated as of July 12, 2016 by and among Omega REIT and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Senior Note
Indenture (2024)” means the Indenture, dated as of March 11, 2014 by and among Omega REIT and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Senior Note
Indenture (2025)” means the Indenture, dated as of September 11, 2014 by and among Omega REIT and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Senior Note
Indenture (2026)” means the Indenture, dated as of September 23, 2015 by and among Omega REIT and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 




    	 	26	 



     


    

 


“Senior Note
Indenture (2027)” means the Indenture, dated as of March 18, 2015 by and among Omega REIT and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Senior Note
Indenture (2028)” means the Indenture, dated as of April 4, 2017 by and among the Borrower and the Senior Note Trustee,
as the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.


 


“Significant
Acquisition” means any acquisition or investment (in one or a series of related transactions) with an aggregate consideration
in excess of $200,000,000.


 


“Solvent”
means, with respect to any person on a particular date, that on such date (a) the fair value of the property of such Person is
greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present
fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability
of such Person on its debts as they become absolute and matured, (c) such Person is able to realize upon its assets and pay its
debts and other liabilities, contingent obligations and other commitments as they mature, (d) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities
mature, and (e) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction,
for which such Person’s property would constitute unreasonably small capital after giving due consideration to the prevailing
practice in the industry in which such Person is engaged. In computing the amount of contingent liabilities at any time, it is
intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such
time, represents the amount that can reasonably be expected to become an actual or matured liability.


 


“Special Charges”
means, for any period, for the Consolidated Parties on a consolidated basis, all charges, costs or expenses of the Consolidated
Parties related to any of the following:


 


(a)          cash
litigation charges incurred by the Consolidated Parties; provided, that such amount shall not exceed an aggregate amount
of $10,000,000 during the term of this Credit Agreement and any such amounts in excess of $10,000,000 shall not be included in
the determination of the Special Charges Adjustment for any period;


 


(b)          non-cash
charges associated solely with respect to the write-down of the value of accounts due to straight-line rent;


 


(c)          other
than as set forth in clause (b) immediately above, additional non-cash charges associated with the write-down of the value of accounts
and/or notes receivable of the Consolidated Parties; provided, that such amount shall not exceed an aggregate amount of
$45,000,000 during the term of this Credit Agreement and any such amounts in excess of $45,000,000 shall not be included in the
determination of the Special Charges Adjustment for any period;


 


(d)          non-cash
charges related to preferred stock redemptions and non-cash compensation expenses relating to restricted stock awards, stock options
or similar equity based compensation awards;


 




    	 	27	 



     


    

 


(e)          non-cash
charges incurred by the Consolidated Parties in association with the write-down of the value of any real properties;


 


(f)          to
the extent applicable, the satisfaction of outstanding unamortized loan fees with respect to the Existing REIT Credit Agreement;


 


(g)          any
other non-cash charges associated with the sale or settlement by any Consolidated Party of any Swap Contract; and


 


(h)          charges
related to acquisition deal related costs.


 


“Special Charges
Adjustment” means, for any period, the amount which has been deducted for or in connection with any Special Charges (without
duplication among such items or items taken into account for previous period) in the determination of net income for the applicable
period for which a given Consolidated EBITDA calculation has been performed.


 


“Specified
Loan Party” has the meaning provided in Section 11.07.


 


“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority
of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise provided, “Subsidiary” shall refer to a Subsidiary of the Borrower.


 


“Subsidiary
Guarantor” means each Domestic Subsidiary of the Borrower which becomes a Subsidiary Guarantor pursuant to Section 6.15(a)
hereof.


 


“Subsidiary
Guarantor Joinder Agreement” means a joinder agreement in the form of Exhibit E to be executed by each new
Subsidiary of the Borrower that is required to become a Subsidiary Guarantor in accordance with Section 6.15(a) hereof.


 


“Support Obligations”
means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect
of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of
the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee
in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person. The amount of any


 




    	 	28	 



     


    

 


Support Obligations shall
be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in
respect of which such Support Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability
in respect thereof as determined by the guaranteeing Person in good faith.


 


“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, that are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association,
Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with
any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement.


 


“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out
and termination values determined in accordance therewith, such termination values, and (b) for any date prior to the date referenced
in clause (a), the amounts determined as the mark-to-market values for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include
a Lender or any Affiliate of a Lender).


 


“Synthetic
Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet
financing arrangement that is considered borrowed money indebtedness for tax purposes but is classified as an operating lease under
GAAP.


 


“Tenant”
means any Person who is a lessee with respect to any lease held by a Consolidated Party as lessor or as an assignee of the lessor
thereunder.


 


“Term Loan”
has the meaning provided in Section 2.01(d)(i).


 


“Term Loan
Commitment” means, with respect to each Term Loan Lender, the commitment of such Term Loan Lender to make its portion
of the Term Loan to the Borrower pursuant to Section 2.01(d), in the principal amount set forth opposite such Term Loan
Lender’s name on Schedule 2.01; provided that, at any time after funding of a Term Loan, the determinations “Required
Lender” shall also be based on the outstanding principal amount of the Term Loan. The aggregate principal amount of the Term
Loan Commitments of all the Term Loan Lenders as in effect on the Closing Date is One Hundred Million Dollars ($100,000,000).


 




    	 	29	 



     


    

 


“Term Loan
Commitment Percentage” means, at any time, for each Term Loan Lender, the percentage of the aggregate Term Loan (or aggregate
Term Loan Commitment, prior to the termination thereof) held by such Term Loan Lender to the aggregate Term Loan (or aggregate
Term Loan Commitments) held by all Term Loan Lenders, as such percentage may be modified in connection with any assignment made
in accordance with the provisions of Section 10.07. The initial Term Loan Commitment Percentages are set forth on Schedule
2.01.


 


“Term Loan
Lenders” means a collective reference to the Lenders holding Term Loans.


 


“Term Loan
Maturity Date” means May 25, 2022.


 


“Term Note”
means the promissory note in the form of Exhibit B, if any, given to each Term Loan Lender to evidence the Term Loan of
such Term Loan Lender, as amended, restated, modified, supplemented, extended, renewed or replaced.


 


“Threshold
Amount” means $50,000,000.


 


“Type”
means, with respect to any Term Loan, its character as a Base Rate Loan or a Eurodollar Loan.


 


“UCP”
means, with respect to any Letter of Credit, the “Uniform Customs and Practice for Documentary Credits”.


 


“Unconsolidated
Affiliates” means an Affiliate of Omega REIT whose financial statements are not required to be consolidated with the
financial statements of Omega REIT in accordance with GAAP.


 


“Unencumbered
Asset Value” means the sum of the following, without duplication: (a) the quotient of (1) Unencumbered Net
Revenue for the prior fiscal quarter (for Real Property Assets owned for the prior four (4) fiscal quarters), minus the
Unencumbered Net Revenue attributable to each Unencumbered Property sold or otherwise disposed of during such most recently ended
quarter, minus the Unencumbered Net Revenue from any Unencumbered Property acquired during the prior four (4) fiscal quarter
period, multiplied by four, divided by (2) the Capitalization Rate plus (b) the acquisition cost of each Unencumbered Property
acquired during the prior four (4) fiscal quarter period plus (c) the book value of unencumbered Qualified Mortgage Loans; provided,
that when calculating the Unencumbered Asset Value, (i) the aggregate occupancy of all Unencumbered Properties contributing to
the Unencumbered Asset Value, reported as of the last day of the most recently ended fiscal quarter period of Omega REIT, shall
be at least 78% of in-service beds and (ii) the aggregate amount of Qualified Mortgage Loans attributable to second mortgages or
second deeds of trust added pursuant to clause (c) of this definition shall not exceed $500,000,000.


 


“Unencumbered
Net Revenue” means, for any period, Net Revenue from all Unencumbered Properties.


 


“Unencumbered
Property” means, for any Real Property Asset, the following criteria:


 




    	 	30	 



     


    

 


(a)          to
the best of Borrower’s knowledge, does not have any title, survey, environmental, condemnation or condemnation proceedings,
or other defects that would give rise to a materially adverse effect as to the value, use of or ability to sell or finance such
property;


 


(b)          (i)
is not subject to a Negative Pledge or encumbered by a mortgage, deed of trust, lien, pledge, encumbrance or other security interest,
in each case, to secure Funded Debt, other than the Braswell Indebtedness and (ii) each such Person directly or indirectly owning
such Real Property Asset (other than a Credit Party) has not agreed to guaranty Indebtedness of another party or has become liable
for any Indebtedness;


 


(c)          100%
owned in fee simple absolute or with a leasehold interest or similar arrangement providing the right to occupy Real Property Asset
pursuant to an Eligible Ground Lease, in either case, by the Borrower or a direct or indirect Subsidiary of the Borrower;


 


(d)          shall
be located in the United States or shall be an International Unencumbered Property; provided, however, that International
Unencumbered Properties may be included in the pool of Unencumbered Properties only to the extent that aggregate value of such
properties does not exceed twenty percent (20%) of the total Unencumbered Asset Value;


 


(e)          is
occupied or available for occupancy (subject to final tenant improvements);


 


(f)          is
leased to a third party Tenant and operated by a third party operator;


 


(g)          the
Tenant at such facility is not delinquent sixty (60) days or more in rent payments.


 


“Unencumbered
Property Certificate” means a certificate signed by a Responsible Officer of the Borrower in a form to be agreed upon
between the Administrative Agent and the Borrower in their reasonable discretion.


 


“Unfunded
Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA,
over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the
Pension Plan pursuant to Section 412 of the Internal Revenue Code for the applicable plan year.


 


“United States”
or “U.S.” means the United States of America.


 


“Unreimbursed
Amount” has the meaning provided in Section 2.03(c)(i).


 


“Wholly Owned”
means, with respect to any direct or indirect Subsidiary of any Person, that 100% of the Capital Stock with ordinary voting power
issued by such Subsidiary (other than directors’ qualifying shares and investments by foreign nationals mandated by applicable
Law) is beneficially owned, directly or indirectly, by such Person.


 




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“Write-Down
and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such
EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule.


 


1.02         Interpretive
Provisions.


 


With reference to this
Credit Agreement and each other Credit Document, unless otherwise provided herein or in such other Credit Document:


 


(a)          The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.


 


(b)          (i)          The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import
when used in any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof.


 


(ii)         Unless
otherwise provided or required by context, Article, Section, Exhibit and Schedule references are to the Credit Document
in which such reference appears.


 


(iii)        The
term “including” is by way of example and not limitation.


 


(iv)        The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form.


 


(c)          In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including”; the words “to” and “until” each mean “to but excluding”; and the word
“through” means “to and including.”


 


(d)          Section headings
herein and in the other Credit Documents are included for convenience of reference only and shall not affect the interpretation
of this Credit Agreement or any other Credit Document.


 


1.03         Accounting
Terms.


 


(a)          All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the Audited Financial Statements except as otherwise specifically prescribed herein.


 


(b)          The
Borrower will provide a written summary of material changes in GAAP or in the consistent application thereof with each annual and
quarterly Compliance Certificate delivered in accordance with Section 6.02(a). If at any time any change in


 




    	 	32	 



     


    

 


GAAP or in
the consistent application thereof would affect the computation of any financial ratio or requirement set forth in any Credit Document,
and either the Borrower or the Required Lenders shall object in writing to determining compliance based on such change, then such
computations shall continue to be made on a basis consistent with the most recent financial statements delivered pursuant to Section 6.01(a)
or (b) as to which no such objection has been made.


 


(c)          Determinations
of the calculation of and compliance with the financial covenants set forth in Section 6.12(d) and (g) hereunder
shall be made on a Pro Forma Basis.


 


1.04         Rounding.


 


Any financial ratios
required to be maintained by Omega REIT and the Borrower pursuant to this Credit Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio
is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).


 


1.05         References
to Agreements and Laws.


 


Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Credit Documents) and other contractual instruments
shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any
Credit Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting such Law.


 


1.06         Times
of Day; Rates.


 


Unless otherwise provided,
all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).


 


The Administrative
Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration,
submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any comparable
or successor rate thereto.


 


Article
II

COMMITMENTS AND EXTENSION OF CREDITS


 


2.01         Commitments.


 


Subject to the terms
and conditions set forth herein:


 


(a)          [Reserved].


 




    	 	33	 



     


    

 


(b)          [Reserved].


 


(c)          [Reserved].


 


(d)          Term
Loans.


 


(i)          Each
Term Loan Lender severally agrees to make term loans (each a “Term Loan”) to the Borrower in Dollars on the
Closing Date; provided, that after giving effect to any such Term Loan, (i) with regard to the Term Loan Lenders collectively,
the aggregate outstanding principal amount of Term Loans shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000), and
(ii) with regard to each Term Loan Lender individually, such Term Loan Lender’s Term Loan Commitment Percentage of outstanding
Term Loans shall not exceed its respective Term Loan Commitment.


 


(ii)         Term
Loans may consist of Base Rate Loans, Eurodollar Loans, or a combination thereof, as provided herein. Term Loans may be repaid
in whole or in part at any time but amounts repaid on the Term Loan may not be reborrowed.


 


2.02         Borrowings,
Conversions and Continuations.


 


(a)          Each
Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Loans shall be made upon the
Borrower’s irrevocable notice to the Administrative Agent, which may be given by (i) telephone or (ii) a Loan Notice. Each
such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) with respect to Eurodollar Loans, three (3)
Business Days prior to, or (B) with respect to Base Rate Loans, on the requested date of, the requested date of any Borrowing,
conversion or continuation. Each telephonic notice pursuant to this Section 2.02(a) must be confirmed promptly by delivery
to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower.
Each Borrowing, conversion or continuation shall be in a principal amount of (i) with respect to Eurodollar Loans, $1,000,000 or
a whole multiple of $1,000,000 in excess thereof or (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000
in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether such request is for a Borrowing,
conversion, or continuation, (ii) the requested date of such Borrowing, conversion or continuation (which shall be a Business
Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed, converted
or continued, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify
a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then
the applicable Loans shall be made as, or converted to, Base Rate Loans. Any automatic conversion to Base Rate Loans shall be effective
as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Loans. If the Borrower requests
a Borrowing of, conversion to, or continuation of Eurodollar Loans in any Loan Notice, but fails to specify an Interest Period,
the Interest Period will be deemed to be one month.


 




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(b)          Following
receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender, as applicable, of the amount of its Term
Loan Commitment Percentage of the applicable Loans, as the case may be, and if no timely notice of a conversion or continuation
is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans described in the preceding subsection. In the case of a Borrowing, each Lender, as applicable, shall make the amount
of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not
later than 2:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions
set forth in Section 4.02 (and, if such Borrowing is the initial Extension of Credit, Section 4.01), the
Administrative Agent shall make all funds so received available to the party referenced in the applicable Loan Notice in like funds
as received by the Administrative Agent either by (i) crediting the account of the applicable party on the books of the Administrative
Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided
to (and reasonably acceptable to) the Administrative Agent by the Borrower.


 


(c)          Except
as otherwise provided herein, without the consent of the Required Lenders, (i) a Eurodollar Loan may be continued or converted
only on the last day of an Interest Period for such Eurodollar Loan and (ii) any conversion into, or continuation as, a Eurodollar
Loan may be made only if the conditions to Extension of Credits in Section 4.02 have been satisfied. During the existence
of a Default or Event of Default, (i) no Loan may be requested as, converted to or continued as a Eurodollar Loan and (ii) at
the request of the Required Lenders, any outstanding Eurodollar Loan shall be converted immediately to a Base Rate Loan.


 


(d)          The
Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period
for Eurodollar Loans upon determination of such interest rate. The determination of the Eurodollar Rate by the Administrative Agent
shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are outstanding, the Administrative Agent
shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate
promptly following the public announcement of such change.


 


(e)          After
giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same
Type, there shall not be more than ten (10) Interest Periods in effect with respect to Loans.


 


2.03         [Reserved].


 


2.04         [Reserved].


 


2.05         Repayment
of Loans.


 


The Borrower
shall repay to the Term Loan Lenders on the Term Loan Maturity Date the aggregate principal amount of Term Loans outstanding on
such date.


 




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2.06         Prepayments.


 


(a)          Voluntary
Prepayments. The Loans may be repaid in whole or in part without premium or penalty (except, in the case of Loans other than
Base Rate Loans, amounts payable pursuant to Section 3.05); provided, that (i) notice thereof must be in form
acceptable to the Administrative Agent and be received by 11:00 a.m. by the Administrative Agent (A) at least three (3)
Business Days prior to the date of prepayment of Eurodollar Loans, and (B) on the Business Day prior to the date of prepayment
of Base Rate Loans, and (ii) any such prepayment shall be in a minimum principal amount of $1,000,000 and integral multiples of
$1,000,000 in excess thereof, in the case of Eurodollar Loans, and a minimum principal amount of $500,000 and integral multiples
of $100,000 in excess thereof, in the case of Base Rate Loans, or, in each case, the entire principal amount thereof, if less.
Each such notice of voluntary repayment hereunder shall be irrevocable and shall specify the date and amount of prepayment and
the Loans and Types of Loans which are to be prepaid. The Administrative Agent will give prompt notice to the applicable Lenders
of any prepayment on the Loans and the Lender’s interest therein. Prepayments of Eurodollar Loans hereunder shall be accompanied
by accrued interest thereon and breakage amounts, if any, under Section 3.05. Amounts prepaid may not thereafter be
reborrowed.


 


(b)          [Reserved].


 


(c)          Application.
Within each Loan, prepayments will be applied first to Base Rate Loans, then to Eurodollar Loans in direct order of Interest Period
maturities. In addition, voluntary prepayments shall be applied as specified by the Borrower. Voluntary prepayments on the Term
Loans will be paid by the Administrative Agent to the Term Loan Lenders ratably in accordance with their respective interests therein.


 


2.07         [Reserved].


 


2.08         Interest.


 


(a)          Subject
to the provisions of subsection (b) below, (i) each Eurodollar Loan shall bear interest on the outstanding principal amount
thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable
Rate; and (ii) each Loan that is a Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.


 


(b)          If
any amount payable by the Borrower under any Credit Document is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law. Furthermore, upon the
written request of the Required Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal amount
of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by applicable Law. Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.


 




    	 	36	 



     


    

 


(c)          Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.


 


2.09         Fees.


 


(a)          [Reserved].


 


(b)          [Reserved].


 


(c)          Upfront
and Other Fees. The Borrower agrees to pay to the Administrative Agent for the benefit of the Lenders the upfront and other
fees provided in the Engagement Letter.


 


(d)          [Reserved].


 


(e)          Administrative
Agent’s Fees. The Borrower agrees to pay the Administrative Agent such fees as provided in the Engagement Letter or as
may be otherwise agreed by the Administrative Agent and the Borrower from time to time.


 


(f)          Other
Fees.


 


(i)          The
Borrower shall pay to the Arranger and the Administrative Agent for their own respective accounts fees in the amounts and at the
times specified in the Engagement Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason
whatsoever.


 


(ii)         The
Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times
so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.


 


2.10         Computation
of Interest and Fees.


 


All computations of
interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results
in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on
each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the
Loan or such portion is paid; provided, that any Loan that is repaid on the same day on which it is made shall, subject
to Section 2.11(a), bear interest for one day.


 




    	 	37	 



     


    

 


2.11         Payments
Generally.


 


(a)          All
payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent,
for the account of the Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately
available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to
each Lender its Term Loan Commitment Percentage (or other applicable share as provided herein) of such payment in like funds as
received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m.
shall be deemed received on the immediately succeeding Business Day and any applicable interest or fee shall continue to accrue.


 


(b)          Subject
to the definition of “Interest Period,” if any payment to be made by the Borrower shall come due on a day other than
a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing
interest or fees, as the case may be.


 


(c)          Unless
the Borrower or any Lender has notified the Administrative Agent, prior to the date (or in the case of any Base Rate Loan, prior
to 12:00 (Noon) on the date of such Borrowing) any payment is required to be made by it to the Administrative Agent hereunder,
that the Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the
Borrower or such Lender, as the case may be, has timely made such payment and may (but shall not be so required to), in reliance
thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in
fact made to the Administrative Agent in immediately available funds, then:


 


(i)          if
the Borrower fails to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of
such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect
of each day from and including the date such amount was made available by the Administrative Agent to such Lender to the date such
amount is repaid to the Administrative Agent in immediately available funds at the Federal Funds Rate from time to time in effect;
and


 


(ii)         if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof
in immediately available funds, together with interest thereon for the period from the date such amount was made available by the
Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at a rate per annum equal to the Federal Funds Rate from time to time in effect. If such Lender pays such amount
to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the applicable Borrowing. If
such Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent
may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the Administrative Agent, together with
interest thereon for the Compensation


 




    	 	38	 



     


    

 


Period at a rate
per annum equal to the rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender
from its obligation to fulfill its Commitment or to prejudice any rights that the Administrative Agent or the Borrower may have
against any Lender as a result of any default by such Lender hereunder.


 


A notice of the Administrative Agent to
any Lender or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest
error.


 


(d)          If
any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the
conditions to the applicable Extension of Credit set forth in Section 4.02 are not satisfied or waived in accordance
with the terms hereof or for any other reason, the Administrative Agent shall return such funds (in like funds as received from
such Lender) to such Lender, without interest.


 


(e)          The
obligations of the Term Loan Lenders hereunder to make Term Loans are several and not joint. The failure of any Lender to make
any Loan on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date,
nor relieve Borrower from any obligations hereunder to the Lenders which fulfill such obligations and no Lender shall be responsible
for the failure of any other Lender to so make its Loan.


 


(f)          Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.


 


(g)          If
at any time insufficient funds are received by or are available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, toward costs and expenses (including Attorney Costs
and amounts payable under Article III) incurred by the Administrative Agent and each Lender, (ii) second, toward repayment
of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (iii) third, toward repayment of principal then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of principal then due to such parties.


 


2.12         Sharing
of Payments.


 


If any Lender shall
obtain on account of the Loans made by it, any payment (whether voluntary, involuntary, through the exercise of any right of set-off,
or otherwise, but excluding any payments made to a Lender in error by the Administrative Agent (which such payments shall be returned
by the Lender to the Administrative Agent immediately upon such Lender’s obtaining knowledge that such payment was made in
error)) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify
the Administrative


 




    	 	39	 



     


    

 


Agent of such fact, and
(b) purchase from the other Lenders such participations in the Loans made by them as shall be necessary to cause such purchasing
Lender to share the excess payment in respect of such Loans pro rata with each of them; provided, however, that (i) if
all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described
in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such
purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor,
together with an amount equal to such paying Lender’s ratable share (according to the proportion of (A) the amount of such
paying Lender’s required repayment to (B) the total amount so recovered from the purchasing Lender) of any interest or other
amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon and
(ii) the provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the Borrower pursuant
to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of
a Defaulting Lender), or (B) any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans to any assignee or participant, other than an assignment to any Credit Party or any Subsidiary thereof (as
to which the provisions of this Section shall apply). The Borrower agrees that any Lender so purchasing a participation from another
Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off, but subject
to Section 10.09) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower
in the amount of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence
of manifest error) of participations purchased under this Section and will in each case notify the Lenders following any such purchases
or repayments. Each Lender that purchases a participation pursuant to this Section shall from and after such purchase have the
right to give all notices, requests, demands, directions and other communications under this Credit Agreement with respect to the
portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations
purchased.


 


2.13         Evidence
of Debt.


 


The Extension of Credits
made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent
in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive
absent manifest error of the amount of the Extension of Credits made by the Lenders to the Borrower and the interest and payments
thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the
Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and
records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts
and records of the Administrative Agent shall control in the absence of manifest error. The Borrower shall execute and deliver
to the Administrative Agent a Note for each Lender, requesting a Note, which Note shall evidence such Lender’s Loans in addition
to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount
and maturity of its Loans and payments with respect thereto.


 




    	 	40	 



     


    

 


2.14         [Reserved].


 


2.15         Defaulting
Lenders.


 


(a)          Adjustments.
Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such
time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:


 


(i)          Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 10.01.


 


(ii)         Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account
of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received
by the Administrative Agent from a Defaulting Lender pursuant to Section 10.09 shall be applied at such time or times as
may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting
Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of Default
exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required
by this Agreement, as determined by the Administrative Agent; third, to the payment of any amounts owing to the Lenders
as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; fourth, so long as no Default or Event
of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction
obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations
under this Agreement; and fifth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting
Lender has not fully funded its appropriate share, and (y) such Loans were made at a time when the conditions set forth in Section 4.02
were satisfied or waived, such payment shall be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata basis
prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders
pro rata in accordance with the Commitments hereunder. Any payments, prepayments or other amounts paid or payable to a Defaulting
Lender that are applied (or held) to pay amounts owed by a Defaulting Lender shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.


 


(b)          Defaulting
Lender Cure. If the Borrower and the Administrative Agent agree in writing that a Lender is no longer a Defaulting Lender,
the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein, that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans
of the other Lenders or take such other


 




    	 	41	 



     


    

 


actions as
the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance
with their Applicable Percentages), whereupon such Lender will cease to be a Defaulting Lender provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was
a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender.


 


Subject to Section 10.25,
no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender
arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such
Non-Defaulting Lender’s increased exposure following such reallocation.


 


Article
III

TAXES, YIELD PROTECTION AND ILLEGALITY


 


3.01         Taxes.


 


(a)          (i)          Any
and all payments by any Credit Party to or for the account of the Administrative Agent or any Lender under any Credit Document
shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions,
assessments, fees, withholdings or similar charges, and all liabilities with respect thereto, excluding, in the case of the Administrative
Agent and each Lender, taxes imposed on or measured by its overall net income, and franchise and excise taxes imposed on it (in
lieu of net income taxes), as a result of a present or former connection between the Administrative Agent or such Lender and the
jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein
(other than any such connection arising solely from the Administrative Agent’s or such Lender’s having executed, delivered
or performed its obligations or received a payment under, or enforced, this Credit Agreement or any other Credit Document) (all
such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities
being hereinafter referred to as “Taxes”).


 


(ii)         If
any Credit Party or the Administrative Agent shall be required by the Internal Revenue Code to withhold or deduct any taxes, including
both United States Federal backup withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make
such deductions as are determined by the Administrative Agent to be required, (B) the Administrative Agent shall timely pay the
full amount withheld or deducted to the relevant taxation authority in accordance with the Internal Revenue Code, and (C) to the
extent that the withholding or deduction is made on account of Taxes, the sum payable by the applicable Credit Party shall be increased
as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to
additional sums payable under this Section 3.01) the applicable


 




    	 	42	 



     


    

 


recipient receives
an amount equal to the sum it would have received had no such withholding or deduction been made.


 


(iii)        If
any Credit Party or the Administrative Agent shall be required by any Laws other than the Internal Revenue Code to deduct any Taxes
from or in respect of any sum payable under any Credit Document to the Administrative Agent or any Lender, (A) the sum payable
by the applicable Credit Party shall be increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section), each of the Administrative Agent and such Lender receives an amount
equal to the sum it would have received had no such deductions been made, (B) such Credit Party or the Administrative Agent shall
make such deductions, (C) such Credit Party or the Administrative Agent shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable Laws, and (D) within thirty (30) days after the date of such payment,
such Credit Party shall furnish to the Administrative Agent (which shall forward the same to such Lender) the original or a certified
copy of a receipt evidencing payment thereof.


 


(b)          In
addition, the Borrower agrees to pay any and all present or future stamp, court or documentary taxes or charges or similar levies
which arise from any payment made under any Credit Document or from the execution, delivery, performance, enforcement or registration
of, or otherwise with respect to, any Credit Document (hereinafter referred to as “Other Taxes”). For the avoidance
of doubt, “Other Taxes” shall not include any taxes assessed on the net or gross income of a taxpayer, regardless of
whether such taxes are designated excise or property taxes.


 


(c)          (i)          If
the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in respect of any sum payable under any Credit
Document to the Administrative Agent or any Lender, the Borrower shall also pay to the Administrative Agent or to such Lender,
as the case may be, at the time interest is paid, such additional amount that the Administrative Agent or such Lender specifies
is necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on or measured by net income)
that the Administrative Agent or such Lender would have received if such Taxes or Other Taxes had not been imposed.


 


(ii)         Each
Lender shall, and does hereby, severally indemnify, and shall make payment in respect thereof within ten (10) days after demand
therefore, (x) the Administrative Agent against any Taxes attributable to such Lender (but only to the extent that any Credit
Party has not already indemnified the Administrative Agent for such Taxes and without limiting the obligation of the Credit Parties
to do so) and (y) the Administrative Agent and the Credit Parties, as applicable, against any taxes excluded from the definition
of Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent or a Credit Party in connection
with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto whether or not such taxes were
correctly or legally imposed or asserted by the relevant taxation authority. A


 




    	 	43	 



     


    

 


certificate as to the amount of
such payment or liability delivered to any Lender by the Administrative Agent to set off and apply any and all amounts at any time
owing to such Lender under this Agreement or any other Credit Document against any amount due to the Administrative Agent under
this clause (ii).


 


(d)          The
Borrower agrees to indemnify the Administrative Agent and each Lender for (i) the full amount of Taxes and Other Taxes (including
any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) that are paid by the Administrative
Agent and such Lender and that are the responsibility of the Borrower, (ii) amounts payable under Section 3.01(c)
and (iii) any liability (including additions to tax, penalties, interest and expenses) arising therefrom or with respect thereto,
in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. Each of the Credit Parties agree, jointly and severally, to indemnify the Administrative Agent for any amount which
a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) above.
Payment under this subsection (d) shall be made within thirty (30) days after the date the Lender or the Administrative Agent
makes a written demand therefor.


 


(e)          For
purposes of determining withholding Taxes imposed under the FATCA, from and after the Closing Date, the Borrower and the Administrative
Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not qualifying as a "grandfathered
obligation" within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).


 


3.02         Illegality.


 


If any Lender determines
that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Eurodollar Rate,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make
or continue Eurodollar Loans or to convert Base Rate Loans to Eurodollar Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of
such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable,
convert all Eurodollar Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such
Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue
to maintain such Eurodollar Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need
for such notice and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.


 




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3.03         Inability
to Determine Rates.


 


If the Required Lenders
determine that for any reason adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested
Interest Period with respect to a proposed Eurodollar Loan, or that the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the
Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or
maintain Eurodollar Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes
such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation
of Eurodollar Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate
Loans in the amount specified therein.


 


3.04         Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Loans.


 


(a)          If
any Lender determines that as a result of any Change in Law, or such Lender’s compliance therewith, there shall be any increase
in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar Loans or a reduction in the amount
received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a)
any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which Section 3.01 shall
govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign
jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is organized or has its Lending
Office, and (iii) reserve requirements contemplated by Section 3.04(c)), then from time to time upon demand of such
Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts
as will compensate such Lender for such increased cost or reduction. Such Lender shall deliver to the Borrower a certificate (with
a copy of such certificate to the Administrative Agent) setting forth the amount or amounts to compensate such Lender or its holding
company, as the case may be, for such increased cost or reduction as specified in this paragraph (a) and such certificate shall
be conclusive absent manifest error; provided, that such Lender shall not be under any obligation to include in such certificate
any information in respect of which disclosure is prohibited by applicable law or any binding confidentiality agreement. The Borrower
shall pay such Lender the amount shown as due on such certificate within ten (10) days after receipt thereof.


 


(b)          If
any Lender determines that any Change in Law regarding capital adequacy or liquidity requirements, or compliance by such Lender
(or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation
controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies (and
the policies of such Lender’s holding company) with respect to capital adequacy and such Lender’s desired return on
capital), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrower
shall pay to such Lender such additional amounts as will compensate such Lender for such reduction. Such Lender shall deliver to
the Borrower a certificate (with a copy of such certificate to the Administrative Agent) setting forth the


 




    	 	45	 



     


    

 


amount or amounts
to compensate such Lender or its holding company, as the case may be, for such reduction as specified in this paragraph (b) and
such certificate shall be conclusive absent manifest error; provided, that such Lender shall not be under any obligation to include
in such certificate any information in respect of which disclosure is prohibited by applicable law or any binding confidentiality
agreement. The Borrower shall pay such Lender the amount shown as due on such certificate within ten (10) days after receipt thereof.


 


(c)          The
Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or
assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional
interest on the unpaid principal amount of each Eurodollar Loan equal to the actual costs of such reserves allocated to such Loan
by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable
on each date on which interest is payable on such Loan; provided, the Borrower shall have received at least fifteen (15)
days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender
fails to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable
fifteen (15) days from receipt of such notice.


 


3.05         Funding
Losses.


 


Upon demand of any
Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and
hold such Lender harmless from any loss, cost or expense incurred by it as a result of:


 


(a)          any
continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);


 


(b)          any
failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert
any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or


 


(c)          any
assignment of a Eurodollar Loan on a day other than the last day of the Interest Period therefor as a result of a request by the
Borrower pursuant to Section 10.16;


 


including any loss of anticipated profits
and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees
payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative
fees charged by such Lender in connection with the foregoing.


 


For purposes of calculating amounts payable
by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar
Loan made by it at the Eurodollar Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing
in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Loan
was in fact so funded.


 




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3.06         Matters
Applicable to all Requests for Compensation.


 


(a)          A
certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting forth the additional
amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount,
the Administrative Agent or such Lender may use any reasonable averaging and attribution methods.


 


(b)          Upon
any Lender’s making a claim for compensation under Section 3.01 or 3.04, the Borrower may replace such
Lender in accordance with Section 10.16.


 


3.07         Survival.


 


All of the Borrower’s
obligations under this Article III shall survive termination of the Commitments and repayment of all other Obligations hereunder.


 


Article
IV

CONDITIONS PRECEDENT TO EXTENSION OF CREDITS


 


The obligation of each
Lender to make Extensions of Credit hereunder is subject to satisfaction of the following conditions precedent:


 


4.01         Conditions
to Initial Extensions of Credit.


 


The obligation of the
Lenders to make the initial Extension of Credit hereunder is subject to the satisfaction of such of the following conditions in
all material respects on or prior to the Closing Date as shall not have been expressly waived in writing by the Administrative
Agent and Lenders.


 


(a)          Credit
Documents, Organization Documents, Etc. The Administrative Agent’s receipt of the following, each of which shall be originals
or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the
signing Credit Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before
the Closing Date) and each in form and substance satisfactory to the Administrative Agent:


 


(i)          executed
counterparts of this Credit Agreement and the other Credit Documents;


 


(ii)         a
Note executed by the Borrower in favor of each Lender requesting a Note;


 


(iii)        copies
of the Organization Documents of each Credit Party certified to be true and complete as of a recent date by the appropriate Governmental
Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a secretary
or assistant secretary of such Credit Party to be true and correct as of the Closing Date;


 




    	 	47	 



     


    

 


(iv)        [Reserved];


 


(v)         such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each
Credit Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Credit Agreement and the other Credit Documents to which
such Credit Party is a party; and


 


(vi)        such
documents and certifications as the Administrative Agent may reasonably require to evidence that each Credit Party is duly organized
or formed, and is validly existing, in good standing and qualified to engage in business in the jurisdiction of their incorporation
or organization.


 


(b)          Opinions
of Counsel. The Administrative Agent shall have received, in each case dated as of the Closing Date and in form and substance
reasonably satisfactory to the Administrative Agent a legal opinion of Arnold & Porter Kaye Scholer LLP, special New York and
Delaware counsel for the Credit Parties, addressed to the Administrative Agent, its counsel and the Lenders.


 


(c)          Officer’s
Certificates. The Administrative Agent shall have received a certificate or certificates executed by a Responsible Officer
of the Borrower as of the Closing Date, in a form satisfactory to the Administrative Agent, stating that (i) each Credit Party
is in compliance with all existing financial obligations (whether pursuant to the terms and conditions of this Credit Agreement
or otherwise), (ii) all governmental, shareholder and third party consents and approvals, if any, with respect to the Credit Documents
and the transactions contemplated thereby have been obtained, (iii) no action, suit, investigation or proceeding is pending or
threatened in any court or before any arbitrator or governmental instrumentality that purports to affect any Consolidated Party
or any transaction contemplated by the Credit Documents, if such action, suit, investigation or proceeding could have a Material
Adverse Effect, (iv) immediately prior to and following the transactions contemplated herein, each of the Credit Parties shall
be Solvent, and (v) immediately after the execution of this Credit Agreement and the other Credit Documents, (A) no Default or
Event of Default exists and (B) all representations and warranties contained herein and in the other Credit Documents are true
and correct in all material respects.


 


(d)          Financial
Statements. Receipt by the Administrative Agent and the Lenders of (i) pro forma projections of financial statements (balance
sheet, income and cash flows) for each of the fiscal years of the Consolidated Parties through December 31, 2022 and (ii) such
other information relating to the Consolidated Parties as the Administrative Agent may reasonably require in connection with the
structuring and syndication of credit facilities of the type described herein.


 


(e)          Opening
Compliance Certificate. Receipt by the Administrative Agent of a Compliance Certificate as of the Closing Date signed by a
Responsible Officer of the Borrower and including (i) pro forma calculations for the current fiscal quarter based on


 




    	 	48	 



     


    

 


the amounts
set forth in the unaudited financial statements for the fiscal quarter ended March 31, 2017 and taking into account any Extension
of Credit made or requested hereunder as of such date and (ii) pro forma calculations of all financial covenants contained herein
for each of the following four (4) fiscal quarters (based on the projections set forth in the materials delivered pursuant
to clause (d) of this Section 4.01).


 


(f)          Unencumbered
Property Certificate. Receipt by the Administrative Agent of an Unencumbered Property Certificate as of the Closing Date signed
by a Responsible Officer of the Borrower.


 


(g)          Consents/Approvals.
The Credit Parties shall have received all approvals, consents and waivers, and shall have made or given all necessary filings
and notices as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under,
conflict with or violation of (i) any applicable Law or (ii) any agreement, document or instrument to which any Credit Party is
a party or by which any of them or their respective properties is bound, except for such approvals, consents, waivers, filings
and notices the receipt, making or giving of which would not reasonably be likely to (A) have a Material Adverse Effect, or (B)
restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the
Borrower or any other Credit Party to fulfill its respective obligations under the Credit Documents to which it is a party.


 


(h)          Material
Adverse Change. No material adverse change shall have occurred since December 31, 2016 in the condition (financial or
otherwise), business, assets, operations, management or prospects of Omega REIT and its Consolidated Subsidiaries, taken as a whole.


 


(i)          Litigation.
There shall not exist any pending or threatened action, suit, investigation or proceeding against any Credit Party or any of their
Affiliates that could reasonably be expected to have a Material Adverse Effect or could otherwise materially and adversely affect
the transactions set forth herein or contemplated hereby.


 


(j)          Repayment
of Existing Credit Facility. Receipt by the Administrative Agent of satisfactory evidence that the Existing Credit Facility
has been simultaneously repaid in full and terminated.


 


(k)          Fees
and Expenses. Payment by the Credit Parties to the Administrative Agent of all fees and expenses relating to the preparation,
execution and delivery of this Credit Agreement and the other Credit Documents which are due and payable on the Closing Date, including,
without limitation, payment to the Administrative Agent of the fees set forth in the Engagement Letter.


 


(l)          Release
of Subsidiary Guarantors. Receipt by the Administrative Agent of satisfactory evidence that all Subsidiary Guarantors of the
Senior Notes are being released from their guaranties of the Senior Notes on the Closing Date.


 


Without limiting the
generality of the provisions of Section 9.03, for purposes of determining compliance with the conditions specified
in this Section 4.01, each Lender that has


 




    	 	49	 



     


    

 


signed this Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder
to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto.


 


4.02         Conditions
to Extensions of Credit.


 


The obligation of any
Lender to make any Extension of Credit hereunder is subject to the satisfaction of such of the following conditions on or prior
to the proposed date of the making of such Extension of Credit:


 


(a)          The
Administrative Agent shall receive the applicable Request for Extension of Credit and the conditions set forth in Section 4.01
for the initial Extension of Credit shall have been met as of the Closing Date;


 


(b)          No
Default or Event of Default shall have occurred and be continuing immediately before the making of such Extension of Credit and
no Default shall exist immediately thereafter; and


 


(c)          The
representations and warranties of the Borrower made in or pursuant to the Credit Documents shall be true in all material respects
on and as of the date of such Extension of Credit.


 


The making of such Extension of Credit
hereunder shall be deemed to be a representation and warranty by the Borrower on the date thereof as to the facts specified in
clauses (b) and (c) of this Section.


 


Article
V

REPRESENTATIONS AND WARRANTIES


 


The Credit Parties
represent and warrant, as applicable, to the Administrative Agent and the Lenders that:


 


5.01         Financial
Statements; No Material Adverse Effect.


 


(a)          The
Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Consolidated Parties as of the
date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout
the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities,
direct or contingent, of the Consolidated Parties as of the date thereof, including liabilities for taxes, material commitments
and Indebtedness.


 


(b)          The
unaudited consolidated and consolidating balance sheets of the Consolidated Parties dated March 31, 2017, and the related consolidated
and consolidating statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on
that date (i) were prepared in accordance with GAAP consistently applied


 




    	 	50	 



     


    

 


throughout
the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the
Consolidated Parties as of the date thereof and their results of operations for the period covered thereby, subject, in the case
of clauses (i) and (ii), to the absence of footnotes and to normal year end audit adjustments.


 


(c)          During
the period from December 31, 2016, to and including the Closing Date, there has been no sale, transfer or other disposition by
any Consolidated Party of any material part of the business or Property of the Consolidated Parties, taken as a whole, and no purchase
or other acquisition by any of them of any business or property (including any Capital Stock of any other Person) material in relation
to the consolidated financial condition of the Consolidated Parties, taken as a whole, in each case, which is not reflected in
the foregoing financial statements or in the notes thereto and has not otherwise been disclosed in writing to the Lenders on or
prior to the Closing Date.


 


(d)          The
financial statements delivered pursuant to Section 6.01(a) and (b) have been prepared in accordance with GAAP
(except as may otherwise be permitted under Section 6.01(a) and (b)) and present fairly (on the basis disclosed
in the footnotes to such financial statements) the consolidated financial condition, results of operations and cash flows of the
Consolidated Parties as of such date and for such periods.


 


(e)          Since
the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect.


 


5.02         Corporate
Existence and Power.


 


Each of the Credit
Parties is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing
under the laws of its jurisdiction of incorporation or organization, has all organizational powers and all material governmental
licenses, authorizations, consents and approvals required to carry on its business as now conducted and is duly qualified as a
foreign entity and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or
the conduct of its business requires such qualification, other than in such jurisdictions where the failure to be so qualified
and in good standing would not, in the aggregate, have a Material Adverse Effect.


 


5.03         Corporate
and Governmental Authorization; No Contravention.


 


The execution, delivery
and performance by each Credit Party of each Credit Document to which such Person is party, have been duly authorized by all necessary
corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any Contractual
Obligation to which such Person is a party or (ii) any order, injunction, writ or decree of any Governmental Authority or
any arbitral award to which such Person or its property is subject; or (c) violate any Law (including Regulation U or Regulation X
issued by the FRB).


 




    	 	51	 



     


    

 


5.04         Binding
Effect.


 


This Credit Agreement
has been, and each other Credit Document, when delivered hereunder, will have been, duly executed and delivered by each Credit
Party that is a party thereto. This Credit Agreement constitutes, and each other Credit Document when so delivered will constitute,
a legal, valid and binding obligation of such Credit Party, enforceable against each Credit Party that is a party thereto in accordance
with its terms except as enforceability may be limited by applicable Debtor Relief Laws and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).


 


5.05         Litigation.


 


There are no actions,
suits, proceedings, claims or disputes pending or, to the knowledge of the Responsible Officers of the Credit Parties, threatened
at law, in equity, in arbitration or before any Governmental Authority, by or against any Credit Party or against any of its properties
or revenues that (a) purport to affect or pertain to this Credit Agreement or any other Credit Document, or any of the transactions
contemplated hereby or (b) either individually or in the aggregate, can reasonably be expected to be determined adversely, and
if so determined to have a Material Adverse Effect.


 


5.06         Compliance
with ERISA.


 


(a)          Each
Plan is in compliance in all material respects with the applicable provisions of ERISA, the Internal Revenue Code and other Federal
or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable
determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto
and, to the knowledge of the Responsible Officers of the Credit Parties, nothing has occurred which would prevent, or cause the
loss of, such qualification. The Borrower and each ERISA Affiliate have made all required contributions to each Plan subject to
Section 412 of the Internal Revenue Code, and no application for a funding waiver or an extension of any amortization period
pursuant to Section 412 of the Internal Revenue Code has been made with respect to any Plan.


 


(b)          There
are no pending or, to the knowledge of the Responsible Officers of the Credit Parties, threatened claims (other than routine claims
for benefits), actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be
expected to have a Material Adverse Effect. Neither the Borrower nor any ERISA Affiliate or, to the knowledge of the Responsible
Officers of the Credit Parties, any other Person has engaged in any prohibited transaction or violation of the fiduciary responsibility
rules under ERISA or the Internal Revenue Code with respect to any Plan that has resulted or could reasonably be expected to result
in a Material Adverse Effect.


 


(c)          (i)          No
ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) the
Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with
respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) the Borrower nor
any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving
of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201


 




    	 	52	 



     


    

 


or 4243 of
ERISA with respect to a Multiemployer Plan; and (v) the Borrower nor any ERISA Affiliate has engaged in a transaction that could
be subject to Sections 4069 or 4212(c) of ERISA.


 


5.07         Environmental
Matters.


 


Except as could not
reasonably be expected to have a Material Adverse Effect:


 


(a)          To
the knowledge of the Responsible Officers of the Borrower, each of the facilities and real properties owned, leased or operated
by any Credit Party or any Subsidiary (the “Facilities”) and all operations at the Facilities are in compliance
with all applicable Environmental Laws in all material respects and there is no violation, in any material respect, of any Environmental
Law with respect to the Facilities or the businesses operated by any Credit Party or any Subsidiary at such time (the “Businesses”),
and there are no conditions relating to the Facilities or the Businesses that are likely to give rise to liability under any applicable
Environmental Laws.


 


(b)          To
the knowledge of the Responsible Officers of the Borrower, none of the Facilities contains, or has previously contained, any Hazardous
Materials at, on or under the Facilities in amounts or concentrations that constitute or constituted a violation of, or could give
rise to liability under, applicable Environmental Laws.


 


(c)          To
the knowledge of the Responsible Officers of the Borrower, no Credit Party nor any Subsidiary has received any written or verbal
notice of, or inquiry from any Governmental Authority regarding, any violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Facilities
or the Businesses, nor does any Responsible Officer of the Borrower have knowledge or reason to believe that any such notice will
be received or is being threatened.


 


(d)          To
the knowledge of the Responsible Officers of the Borrower, Hazardous Materials have not been transported or disposed of from the
Facilities, or generated, treated, stored or disposed of at, on or under any of the Facilities, in each case by or on behalf of
any Credit Party or any Subsidiary in violation of, or in a manner that is likely to give rise to liability under, any applicable
Environmental Law.


 


(e)          To
the knowledge of the Responsible Officers of the Borrower, no judicial proceeding or governmental or administrative action is pending
or threatened, under any Environmental Law to which any Credit Party or any Subsidiary is or will be named as a party, nor are
there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to any Credit Party, any Subsidiary, the Facilities or the Businesses.


 


(f)          To
the knowledge of the Responsible Officers of the Borrower, there has been no release or threat of release of Hazardous Materials
at or from the Facilities, or arising from or related to the operations (including, without limitation, disposal) of any Credit
Party or any Subsidiary in connection


 




    	 	53	 



     


    

 


with the Facilities
or otherwise in connection with the Businesses, in violation of or in amounts or in a manner that is likely to give rise to liability
under any applicable Environmental Laws.


 


5.08         Margin
Regulations; Investment Company Act.


 


(a)          No
Credit Party is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying
margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or
carrying margin stock and no part of the proceeds of the Loans will be used, directly or indirectly, for the purpose of purchasing
or carrying any margin stock.


 


(b)          None
of the Credit Parties are (i) required to be registered as an “investment company” under the Investment Company Act
of 1940 or (ii) subject to regulation under any other Law which limits its ability to incur the Obligations.


 


5.09         Compliance
with Laws.


 


Each of the Borrower
and each of its Subsidiaries is in compliance in all material respects with the requirements of all Laws and all orders, writs,
injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or
order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure
to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.


 


5.10         Ownership
of Property; Liens.


 


Each of the Borrower
and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all applicable
Real Property Assets, except for Permitted Liens and such defects in title as could not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. Set forth on the most recently delivered Unencumbered Property Certificate required
pursuant to Section 6.02, is a list of all Unencumbered Properties (Unencumbered Asset Value). The Unencumbered Properties
listed on the Unencumbered Property Certificate are the same as the properties listed on the corresponding certificate most recently
delivered by Omega REIT pursuant to Section 6.02 of the REIT Credit Agreement and by Omega REIT pursuant to Section 6.02 of the
Bank of Tokyo Credit Agreement. The Property of the Borrower and its Subsidiaries is subject to no Liens, other than Permitted
Liens.


 


5.11         Corporate
Structure; Capital Stock, Etc.


 


Set forth on Schedule 5.11
is a complete and accurate list of each Credit Party and each Subsidiary of any Credit Party, together with (a) jurisdiction of
organization, (b) number of shares of each class of Capital Stock outstanding, (c) number and percentage of outstanding shares
of each class owned (directly or indirectly) by any Credit Party or any Subsidiary and (d) U.S. taxpayer identification number.
Subject to Section 7.03, the Borrower has no equity Investments in any other Person other than those specifically disclosed
on Schedule 5.11, as such schedule may be updated from time to time pursuant to Section 6.02. The outstanding
Capital Stock owned by


 




    	 	54	 



     


    

 


any Credit Party are
validly issued, fully paid and non-assessable and free of any Liens, warrants, options and rights of others of any kind whatsoever.


 


5.12         Labor
Matters.


 


There are no collective
bargaining agreements or Multiemployer Plans covering the employees of the Borrower as of the Closing Date and the Borrower (a) has
not suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five (5) years or (b) to
the knowledge of the Responsible Officers of the Borrower there has not been any potential or pending strike, walkout or work stoppage.
No unfair labor practice complaint is pending against the Borrower.


 


5.13         No
Default.


 


Neither the Borrower
nor any of its Subsidiaries is in default under or with respect to any Contractual Obligation that could, either individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect.


 


5.14         Solvency.


 


Immediately before
and immediately after giving effect to this Agreement, (a) the Borrower is Solvent and (b) the other Credit Parties are Solvent
on a consolidated basis.


 


5.15         Taxes.


 


The Borrower and its
Subsidiaries have filed all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal,
state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties,
income or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been established in accordance with GAAP. To the knowledge of the Responsible Officers
of the Borrower, there is no proposed tax assessment against any Credit Party that would, if made, have a Material Adverse Effect.


 


5.16         REIT
Status.


 


Omega REIT is taxed
as a “real estate investment trust” within the meaning of Section 856(a) of the Internal Revenue Code and each
of the Credit Parties are Qualified REIT Subsidiaries.


 


5.17         Insurance.


 


The Real Property Assets
of the Borrower and its Subsidiaries are insured, to Borrower’s knowledge, with financially sound and reputable insurance
companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried
by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary
operates.


 




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5.18         Intellectual
Property; Licenses, Etc.


 


The Borrower and its
Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights,
franchises, licenses and other intellectual property rights that are reasonably necessary for the operation of their respective
businesses, without conflict with the rights of any other Person, except, in each case, where the failure to do so could not reasonably
be expected to have a Material Adverse Effect. To the knowledge of the Credit Parties, no slogan or other advertising device, product,
process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary
infringes upon any rights held by any other Person except where such infringement could not reasonably be expected to have a Material
Adverse Effect. No claim or litigation regarding any of the foregoing is pending or, to the knowledge of the Borrower, threatened,
which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.


 


5.19         Disclosure.


 


Each Credit Party has
disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which
it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect. To each Credit Party’s knowledge, no report, financial statement, certificate
or other information furnished (whether in writing or orally) by or on behalf of any Credit Party to the Administrative Agent or
any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder
or under any other Credit Document (in each case, as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, that, with respect to projected financial information, each Credit
Party represents only that, to each Credit Party’s knowledge, such information was prepared in good faith based upon assumptions
believed to be reasonable at the time, with the understanding that certain of such information is prepared or provided by each
Credit Party based upon information and assumptions provided to such Credit Parties by Tenants of such Credit Parties.


 


5.20         Anti-Terrorism
Laws.


 


No Consolidated Party,
any Affiliate thereof, or any of their respective officers, employees, directors or agents is an “enemy” or an “ally
of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50
U.S.C. App. §§ 1 et seq.) (the “Trading with the Enemy Act”), as amended. No Consolidated Party,
any Affiliate thereof, or any of their respective officers, employees, directors or agents is in violation of (a) the Trading
with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department
(31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto, (c) the Patriot
Act or (d) the Laws of any applicable jurisdiction related to bribery or anti-corruption. Set forth on Schedule 5.20 is
the exact legal name of each Consolidated Party, the state of incorporation or organization, the chief executive office, the principal
place of business, the jurisdictions in which the Consolidated Parties are qualified to do business, the federal tax identification
number and organization identification number of each of


 




    	 	56	 



     


    

 


the Consolidated Parties
as of the Closing Date. The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance
by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with anti-corruption Laws and
applicable Sanctions.


 


5.21         OFAC/FCPA.


 


No Consolidated Party,
any Affiliate thereof, or any of their respective officers, employees, directors or agents (a) is a Sanctioned Person, (b) has
any of its assets in Designated Jurisdictions, or (c) derives any of its operating income from investments in, or transactions
with, Sanctioned Persons or Designated Jurisdictions. No part of the proceeds of any Loans hereunder will be used directly or indirectly
to fund any operations in, finance any investments or activities in or make any payments to a Sanctioned Person or a Designated
Jurisdiction or for any payments to any governmental official or employee, political party, official of a political party, candidate
for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any
improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended and in effect from time
to time.


 


The Borrower and its
Subsidiaries have conducted their businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK
Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions and have instituted and maintained policies
and procedures designed to promote and achieve compliance with such laws.


 


5.22         No
EEA Financial Institution.


 


No Credit Party is an EEA Financial
Institution.


 


Article
VI

AFFIRMATIVE COVENANTS


 


The Borrower hereby
covenants and agrees (on its own behalf and on behalf of the other Credit Parties, Omega REIT and Omega Holdco, as applicable)
that until the Obligations, together with interest, fees and other obligations hereunder, have been paid in full:


 


6.01         Financial
Statements.


 


The Borrower shall
deliver to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to the terms of Section 6.02
hereof), in form and detail reasonably satisfactory to the Administrative Agent and the Required Lenders:


 


(a)          as
soon as available, but in any event within ninety (90) days after the end of each fiscal year of Omega REIT (or if earlier, the
date that is five (5) days after the reporting date for such information required by the SEC), a consolidated balance sheet of
the Consolidated Parties as at the end of such fiscal year, and the related consolidated statements of earnings, shareholders’
equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal
year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a


 




    	 	57	 



     


    

 


report and
opinion of a Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Required Lenders,
which report and opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws
and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception
as to the scope of such audit; provided, that the Administrative Agent hereby agrees that a Form 10-K of Omega REIT in form
similar to that delivered as part of the Audited Financial Statements shall satisfy the requirements of this Section 6.01(a);
and


 


(b)          as
soon as available, but in any event within forty-five (45) days after the end of each of the first three (3) fiscal quarters of
each fiscal year of Omega REIT (or if earlier, the date that is five (5) days after the reporting date for such information required
by the SEC), a consolidated balance sheet of the Consolidated Parties as at the end of such fiscal quarter, and the related consolidated
statements of earnings, shareholders’ equity and cash flows for such fiscal quarter and for the portion of Omega REIT’s
fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible
Officer of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash
flows of the Consolidated Parties in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of
footnotes; provided, that the Administrative Agent hereby agrees that a Form 10-Q of Omega REIT in form similar to that
delivered to the SEC shall satisfy the requirements of this Section 6.01(b).


 


6.02         Certificates;
Other Information.


 


The Borrower shall
deliver to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to the terms of this
Section 6.02), in form and detail reasonably satisfactory to the Administrative Agent and the Required Lenders:


 


(a)          concurrently
with the delivery of the financial statements referred to in Sections 6.01(a) and (b), (i) a duly completed
Compliance Certificate signed by a Responsible Officer of the Borrower; which shall include, without limitation, calculation of
the financial covenants set forth in Section 6.12 and an update of Schedule 5.11, if applicable and (ii) a duly
completed Unencumbered Property Certificate;


 


(b)          within
thirty (30) days after the end of each fiscal year of Omega REIT, beginning with the fiscal year ending December 31, 2017,
an annual operating forecast of Omega REIT containing, among other things, pro forma financial statements for the then current
fiscal year and updated versions of the pro forma financial projections delivered in connection with Section 4.01(d)
hereof;


 


(c)          promptly
after any request by the Administrative Agent, copies of any detailed audit reports, management letters or recommendations submitted
to the board of directors by the independent accountants of Omega REIT (or the audit committee of the board of directors of Omega
REIT) in respect of Omega REIT (and, to the extent any such reports, letters or recommendations are prepared separately for any
one or more of the




    	 	58	 



     


    

 


 


Credit Parties,
such Credit Party) by independent accountants in connection with the accounts or books of Omega REIT (or such Credit Party) or
any audit of Omega REIT (or such Credit Party);


 


(d)          promptly
after the same are available, (i) copies of each annual report, proxy or financial statement or other report or communication sent
to the stockholders of Omega REIT, and copies of all annual, regular, periodic and special reports and registration statements
which Omega REIT may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of
1934 or to a holder of any Indebtedness owed by Omega REIT in its capacity as such holder and not otherwise required to be delivered
to the Administrative Agent pursuant hereto and (ii) upon the request of the Administrative Agent, all reports and written information
to and from the United States Environmental Protection Agency, or any state or local agency responsible for environmental matters,
the United States Occupational Health and Safety Administration, or any state or local agency responsible for health and safety
matters, or any successor agencies or authorities concerning environmental, health or safety matters;


 


(e)          promptly
upon receipt thereof, a copy of any other report or “management letter” submitted by independent accountants to Omega
REIT or the Borrower in connection with any annual, interim or special audit of the books of Omega REIT or the Borrower;


 


(f)          promptly
upon any Responsible Officer of Omega REIT or the Borrower becoming aware thereof, notice of any matter that has resulted or could
reasonably be expected to result in a Material Adverse Effect and any other Default or Event of Default;


 


(g)          within
ten (10) days upon any Responsible Officer of Omega REIT or the Borrower becoming aware thereof, reports detailing income or expenses
of any assets directly owned or operated, or which will be included on the balance sheet for purposes of FIN 46, other than
as previously disclosed in Omega REIT’s Form 10-K, 10-Q or any other publicly available information;


 


(h)          promptly,
such additional information regarding the business, financial or corporate affairs of the Credit Parties, or compliance with the
terms of the Credit Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to time
reasonably request; and


 


(i)          promptly
upon any announcement by Moody’s, S&P or Fitch of any change or possible change in a Debt Rating.


 


Documents required to be delivered pursuant
to Section 6.01(a) or (b) or Section 6.02(b), (c), or (d) may be delivered electronically
and if so delivered, shall be deemed to have been delivered on the date (i) on which Omega REIT or the Borrower posts such documents,
or provides a link thereto on Omega REIT’s or the Borrower’s website on the Internet at the website address listed
on Schedule 10.02; or (ii) on which such documents are posted by the Administrative Agent (on the Borrower’s
behalf) on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have access
(whether a commercial, third-party website or


 




    	 	59	 



     


    

 


whether sponsored by the Administrative
Agent); provided, that: (A) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any
Lender (through the Administrative Agent) that requests the Borrower to deliver such paper copies until a written request to cease
delivering paper copies is given by the Administrative Agent or such Lender (through the Administrative Agent) and (B) the Borrower
shall notify (which may be by facsimile or electronic mail) the Administrative Agent and each Lender (through the Administrative
Agent) of the posting of any such documents (each Lender to which delivery of such documents shall be made by posting to any such
website shall have been given access to such website on or prior to the date of such posting) and provide to the Administrative
Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation
to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility
to monitor compliance by the Borrower or the other Credit Parties with any such request for delivery, and each Lender shall be
solely responsible for requesting delivery to it or maintaining its copies of such documents.


 


The Borrower hereby acknowledges that (x)
the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf of the Borrower
hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on SyndTrak or another
similar electronic system (the “Platform”) and (y) certain of the Lenders may be “public-side” Lenders
(i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities)
(each, a “Public Lender”). The Borrower hereby further agrees that (ww) all Borrower Materials that are to be
made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean
that the word “PUBLIC” shall appear prominently on the first page thereof (xx) by marking Borrower Materials “PUBLIC,”
the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as either
publicly available information or not material information (although it may be sensitive and proprietary) with respect to the Borrower
or its securities for purposes of United States federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 10.08);
(yy) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
as “Public;” and (zz) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public.”


 


6.03         Preservation
of Existence and Franchises.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its legal existence,
rights, franchises and authority. Each Credit Party shall remain qualified and in good standing in each jurisdiction in which the
failure to so qualify and be in good standing could have a Material Adverse Effect.


 


6.04         Books
and Records.


 


Each Credit Party shall,
as shall cause each of its Subsidiaries to, keep complete and accurate books and records of its transactions in accordance with
good accounting practices on the basis of GAAP.


 




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6.05         Compliance
with Law.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries, to comply with all Laws, rules, regulations and orders, and all applicable restrictions
imposed by all Governmental Authorities, applicable to it and all of its real and personal property, except in such instances in
which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings
diligently conducted or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.


 


6.06         Payment
of Taxes and Other Indebtedness.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, pay and discharge (or cause to be paid or discharged) (a) all taxes (including, without
limitation, any corporate or franchise taxes), assessments and governmental charges or levies imposed upon it, or upon its income
or profits, or upon any of its properties, before they shall become delinquent, unless the same are being contested in good faith
by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower
or such Subsidiary, (b) all lawful claims (including claims for labor, materials and supplies) which, if unpaid, might give rise
to a Lien (other than a Permitted Lien) upon any of its properties, and (c) except as prohibited hereunder, all of its other
Indebtedness as it shall become due.


 


6.07         Insurance.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, maintain (or caused to be maintained) with financially sound and reputable insurance
companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds
customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily
carried under similar circumstances by such other Persons. Each Credit Party shall, and shall cause each of its Subsidiaries to,
provide prompt notice to the Administrative Agent following such Credit Party’s receipt from the relevant insurer of any
notice of termination, lapse or cancellation of such insurance.


 


6.08         Maintenance
of Property.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, maintain, preserve and protect (or caused to be maintained, preserved and protected)
all of its Unencumbered Properties and all other material property and equipment necessary in the operation of its business in
good working order and condition, in each case, in a manner consistent with how such Person maintained its Unencumbered Properties
and other material property on the Closing Date, ordinary wear and tear excepted.


 


6.09         Performance
of Obligations.


 


The Credit Parties
will pay and discharge at or before maturity, or prior to expiration of applicable notice, grace and curative periods, all their
respective material obligations and liabilities, including, without limitation, tax liabilities, except where the same may be contested
in good faith by appropriate proceedings, and will maintain, in accordance with GAAP, appropriate reserves for the accrual of any
of the same.


 




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6.10         Visits
and Inspections.


 


Subject to the rights
of Tenants, each Credit Party shall, and shall cause each of its Subsidiaries to, permit representatives or agents of any Lender
or the Administrative Agent, from time to time, and, if no Event of Default shall have occurred and be continuing, after reasonable
prior notice, but not more than twice annually and only during normal business hours to: (a) visit and inspect any of its Real
Property Assets to the extent any such right to visit or inspect is within the control of such Person; (b) inspect and make extracts
from their respective books and records, including but not limited to management letters prepared by independent accountants; and
(c) discuss with its principal officers, and its independent accountants, its business, properties, condition (financial or otherwise),
results of operations and performance. If requested by the Administrative Agent, the Borrower or the Credit Parties, as applicable,
shall execute an authorization letter addressed to its accountants authorizing the Administrative Agent or any Lender to discuss
the financial affairs of Omega REIT, Omega Holdco and the Borrower or any other Credit Party with its accountants.


 


6.11         Use
of Proceeds/Purpose of Loans.


 


The Borrower shall
use the proceeds of all Loans only for the purpose of (a) on the Closing Date to refinance existing Indebtedness of the Credit
Parties under the Existing Credit Facility and (b) on and after the Closing Date to finance general corporate working capital (including
asset acquisitions, and acquiring or improving, directly or indirectly, income producing Healthcare Facilities and Investments
incidental or related thereto), capital expenditures or other corporate purposes of the Borrower and the other Credit Parties (to
the extent not inconsistent with the Credit Parties’ covenants and obligations under this Credit Agreement and the other
Credit Documents).


 


6.12         Financial
Covenants.


 


(a)          Consolidated
Leverage Ratio. The Borrower shall cause the Consolidated Leverage Ratio, as of the end of any fiscal quarter, to be equal
to or less than 60%; provided however, notwithstanding the foregoing, following the fiscal quarter in which any Significant
Acquisition occurs by Omega REIT or any Subsidiary or Subsidiaries of Omega REIT, and following the delivery of an Acquisition
Leverage Ratio Notice, the Borrower shall have the ability to increase the applicable Consolidated Leverage Ratio to be less than
or equal to 65% with respect to the fiscal quarter during which such Significant Acquisition occurs and the next two (2) fiscal
quarters thereafter.


 


(b)          Consolidated
Secured Leverage Ratio. The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter,
to be equal to or less than 30%.


 


(c)          Consolidated
Unsecured Leverage Ratio. The Borrower shall cause the Consolidated Unsecured Leverage Ratio, as of the end of any fiscal quarter,
to be equal to or less than 60%; provided however, notwithstanding the foregoing, following the fiscal quarter in
which any Significant Acquisition occurs by Omega REIT or any Subsidiary or Subsidiaries of Omega REIT, and following the delivery
of an Acquisition Leverage Ratio Notice, the Borrower shall have the ability to increase the applicable Consolidated


 




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Unsecured Leverage
Ratio to be less than or equal to 65% with respect to the fiscal quarter during which such Significant Acquisition occurs and the
next two (2) fiscal quarters thereafter.


 


(d)          Consolidated
Fixed Charge Coverage Ratio. The Borrower shall cause the Consolidated Fixed Charge Coverage Ratio, as of the end of any fiscal
quarter, to be equal to or greater than 1.50 to 1.00.


 


(e)          Consolidated
Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be
equal to or greater than the sum of (i) $3,374,567,000 plus (ii) an amount equal to 75% of the net cash proceeds
received by the Consolidated Parties from Equity Transactions subsequent to the Closing Date.


 


(f)          [Reserved].


 


(g)          Consolidated
Unsecured Interest Coverage Ratio. The Borrower shall cause the Consolidated Unsecured Interest Coverage Ratio, as of the end
of any fiscal quarter, to be equal to or greater than 2.00 to 1.00.


 


(h)          Distribution
Limitation. During the continuance of an Event of Default under Section 8.01(a) or an Event of Default arising from
a breach of any of the financial covenants set forth in this Section 6.12, the Borrower may not make any distributions in
respect of its Capital Stock to Omega REIT and Omega Holdco except for such distributions (i) in amounts sufficient to allow Omega
REIT to (and Omega REIT shall only pay distributions sufficient to) maintain its status as a REIT and (ii) for use by Omega REIT
and Omega Holdco in business activities of the type in which they were engaged at the time of such Event of Default (including,
without limitation, in an amount sufficient to enable Omega REIT to make payments required from time to time in connection with
its Indebtedness now or hereafter outstanding). Notwithstanding the foregoing, the Borrower and Omega REIT may make distributions
payable solely in the form of partnership units of the Borrower or common stock of Omega REIT, as applicable.


 


6.13         Environmental
Matters; Preparation of Environmental Reports.


 


The Borrower will,
and will cause each of its Subsidiaries to, comply in all material respects with all Environmental Laws in respect of its Real
Property Assets.


 


6.14         REIT
Status.


 


The Borrower will,
and will cause each of its Subsidiaries to, operate its business at all times in such a manner as to permit Omega REIT to satisfy
all requirements necessary to qualify and maintain Omega REIT’s qualification as a real estate investment trust under Sections 856
through 860 of the Internal Revenue Code. The Borrower will maintain adequate records in such a manner as to permit Omega REIT
to comply in all material respects with all record-keeping requirements relating to its qualification as a real estate investment
trust as required by the Internal Revenue Code and applicable regulations of the Department of the Treasury promulgated 


 




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thereunder
and will properly prepare and timely file with the IRS all returns and reports required thereby.


 


6.15         Additional
Guarantors; Withdrawal or Addition of Unencumbered Properties; Release of Guarantors.


 


(a)          Upon
any Domestic Subsidiary providing a guaranty of other unsecured Indebtedness of Omega REIT or the Borrower for borrowed money evidenced
by bonds, debentures, notes or other similar instruments in an amount of at least $50,000,000 individually or in the aggregate,
the Borrower shall cause such Domestic Subsidiary to (1) become a Subsidiary Guarantor hereunder through the execution and delivery
to the Administrative Agent of a Subsidiary Guarantor Joinder Agreement on or before the deadline for the delivery of the Compliance
Certificate required pursuant to Section 6.02(a) following the fiscal quarter in which the foregoing conditions for
becoming a Subsidiary Guarantor are met, and (2) deliver such other documentation as the Administrative Agent may reasonably request
in connection with the foregoing, including, without limitation, certified resolutions and other organizational and authorizing
documents of such Subsidiary, favorable opinions of counsel to such Subsidiary (which shall cover, among other things, the legality,
validity, binding effect and enforceability of the documentation referred to above), all in form, content and scope reasonably
satisfactory to the Administrative Agent.


 


(b)          The
Borrower may add and withdraw Real Property Assets from the pool of Unencumbered Properties without the consent of the Administrative
Agent; provided, that (i) in the case of addition of a Real Property Asset owned or leased by a Consolidated Party that
is not a Credit Party, the owner of the Real Property Asset shall have complied with the requirements of clause (a)(i) of this
Section 6.15 and (ii) in the case of withdrawal of a Real Property Asset, the Borrower shall have (x) given notice thereof
to the Administrative Agent, together with a written request to release the owner of the subject Real Property Asset from the Guaranty,
where appropriate, in accordance with the provisions hereof and (y) delivered to the Administrative Agent a Compliance Certificate
demonstrating compliance with the financial covenants in Section 6.12 on a pro forma basis as if such Real Property Asset had been
released as of the first day of the relevant period. In the case of withdrawal of a subject Property from the pool of Unencumbered
Properties entitling the owner of the subject Real Property Asset to a release from the Guaranty hereunder, the Administrative
Agent shall acknowledge (in writing delivered to the Borrower upon written request of the Borrower) withdrawal of the subject Real
Property Asset and release of Guaranty of the owner in respect thereof (excepting a situation where an Event of Default shall then
exist and be continuing, or where withdrawal of the subject Real Property Asset would cause non-compliance with the financial covenants
in Section 6.12 on a pro forma basis as if such Real Property Asset had been released as of the first day of the relevant period,
which in either such case, the owner of the subject Real Property Asset shall not be released from its Guaranty hereunder until
such time as the foregoing conditions no longer exist). Notwithstanding anything to the contrary in this Agreement, if the removal
of any Unencumbered Properties would have the effect of curing all existing Events of Default, Borrower shall be permitted to withdraw
such Real Property Assets, and any Event of Default with respect thereto shall be deemed cured as of the date of such


 




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withdrawal.
In no event shall a Real Property Asset be added to, or released from, the pool of Unencumbered Properties unless such Real Property
Asset is substantially concurrently therewith added to, or released from, as the case may be, the pool of Unencumbered Properties
included under the REIT Credit Agreement and the Bank of Tokyo Credit Agreement.


 


(c)          Notwithstanding
the requirements set forth in clauses (a) or (b) of this Section 6.15, in the event that any Person acting as a Guarantor
(i) is no longer obligated to provide a guarantee of any Indebtedness of Omega REIT or the Borrower for borrowed money evidenced
by bonds, debentures, notes or other similar instruments in an amount of at least $50,000,000 (excluding any amounts outstanding
pursuant to this Credit Agreement, the REIT Credit Agreement or the Bank of Tokyo Credit Agreement) or (ii) would be automatically
released from its guarantee obligations of any such indebtedness upon its release from the Guaranty or (iii) is sold to a third-party
and such unsecured debt is paid off upon completion of the sale or is agreed to be assumed by and transferred to such third-party
purchaser upon completion of such sale, then such Person shall be automatically released as a party to the Credit Documents (the
“Release”). In such an event, the Borrower will notify the Administrative Agent that, pursuant to this Section
6.15(c), such Person shall be released and, in accordance with Section 9.11, the Administrative Agent shall (to the
extent applicable) deliver to the Credit Parties such documentation as is reasonably necessary to evidence the Release.


 


Notwithstanding the
foregoing, (A) as set forth in Section 6.18 below, the Obligations shall remain a senior unsecured obligation, pari
passu with all other senior unsecured Funded Debt of the Borrower and to the extent applicable, any Subsidiary Guarantor, and (B)
to the extent that following any such Release, any Real Property Asset owned by an otherwise released or to be released Guarantor
that is obligated in respect of outstanding recourse debt for Funded Debt shall not be deemed an Unencumbered Property for purposes
of this Agreement.


 


6.16         Anti-Terrorism
Laws.


 


None of the Credit
Parties nor any of their respective Affiliates (i) will conduct any business or will engage in any transaction or dealing with
any Prohibited Person, including making or receiving any contribution of funds, goods or services to or for the benefit of any
Prohibited Person, (ii) will deal in, or will engage in any transaction relating to, any property or interests in property blocked
pursuant to the Executive Order; or (iii) will engage in or will conspire to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order or the
Patriot Act. The Borrower covenants and agrees to execute and/or deliver to Administrative Agent any certification or other evidence
requested from time to time by Administrative Agent in its sole discretion, confirming the Borrower’s compliance with this
Section including, without limitation, any documentation which is necessary for ongoing compliance with any anti-money laundering
Laws applicable to any Lender.


 




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6.17         Compliance
With Material Contracts.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, perform and observe all the material terms and provisions of each Material Contract
to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract
in accordance with its terms, take all such action to such end as may be from time to time reasonably requested by the Administrative
Agent and, upon the reasonable request of the Administrative Agent, make to each other party to each such Material Contract such
demands and requests for information and reports or for action as any Credit Party is entitled to make under such Material Contract.


 


6.18         Designation
as Senior Debt.


 


Each Credit Party shall,
and shall cause each of its Subsidiaries to, ensure that all Obligations are designated as “Senior Indebtedness” and
are at least pari passu with all unsecured debt of such Credit Party and each Subsidiary.


 


6.19         Investor
Guaranties.


 


The Administrative
Agent and the Lenders have agreed to accept from time to time, upon the request of Borrower, one or more Investor Guaranties. 
No Investor Guarantor shall be a person with whom Administrative Agent or any Lender is prohibited by applicable law from doing
business, and Borrower shall deliver such information as Administrative Agent may reasonably request to verify the foregoing.


 


Article
VII

NEGATIVE COVENANTS


 


The Borrower hereby
covenants and agrees (on its own behalf and on behalf of the other Credit Parties, Omega REIT and Omega Holdco, as applicable)
that until the Obligations, together with interest, fees and other obligations hereunder, have been paid in full:


 


7.01         Liens.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, at any time, create, incur, assume or suffer to exist any Lien upon any of its assets
or revenues, whether now owned or hereafter acquired, other than the following:


 


(a)          Liens
pursuant to any Credit Document;


 


(b)          Liens
(other than Liens imposed under ERISA) for taxes, assessments or governmental charges or levies (including pledges or deposits
in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security
legislation) not yet due and payable or which are being contested in good faith and by appropriate proceedings diligently conducted,
if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;


 


(c)          statutory
Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen and suppliers and other Liens imposed by law or
pursuant to customary reservations or retentions of title arising in the ordinary course of business;


 




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provided, that
such Liens secure only amounts not overdue for more than thirty (30) days or are being contested in good faith by appropriate proceedings
for which adequate reserves determined in accordance with GAAP have been established;


 


(d)          deposits
to secure the performance of bids, trade contracts and leases (other than Indebtedness not otherwise permitted pursuant to Section 7.02),
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary
course of business;


 


(e)          zoning
restrictions, easements, rights-of-way, restrictions, restrictive covenants, encroachments, protrusions, sets of facts that an
accurate and up to date survey would show and other similar encumbrances affecting real property which, in the aggregate, are not
substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the applicable Person;


 


(f)          Liens
securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event
of Default under Section 8.01(h);


 


(g)          leases
or subleases (and the rights of the tenants thereunder) granted to others not interfering in any material respect with the business
of any Credit Party or any Subsidiary;


 


(h)          any
interest of title of a lessor under, and Liens arising from UCC financing statements (or equivalent filings, registrations or agreements
in foreign jurisdictions) relating to, leases permitted by this Agreement;


 


(i)          Liens
in existence as of the Closing Date as set forth on Schedule 7.01 and any renewals or extensions thereof; provided,
that the property covered thereby is not materially changed;


 


(j)          Liens
pursuant to the Braswell Indebtedness; and


 


(k)          other
Liens incurred in connection with Consolidated Funded Debt as long as, after giving effect thereto, the Credit Parties are in compliance
with the financial covenants in Section 6.12, on a pro forma basis as if such Lien had been incurred as of the last
day of the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 6.01 (or
if such Lien exists as of the Closing Date, as of March 31, 2017); provided, that the Credit Parties may not grant a mortgage,
deed of trust, lien, pledge, encumbrance or other security interest, in each case, to secure Funded Debt with respect to any Unencumbered
Property or the Capital Stock in any Subsidiary except in favor of the Lenders.


 


7.02         Indebtedness.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, except:


 




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(a)          Indebtedness
under the Credit Documents;


 


(b)          Indebtedness
in connection with intercompany Investments permitted under Section 7.03;


 


(c)          obligations
(contingent or otherwise) existing or arising under any Swap Contract; provided, that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities
issued by such Person, and not for purposes of speculation or taking a “market view”; and (ii) such Swap Contract does
not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions
to the defaulting party;


 


(d)          without
duplication, guaranties by a Credit Party or any Subsidiary in respect of any Indebtedness otherwise permitted hereunder;


 


(e)          Indebtedness
set forth in Schedule 7.02 (and renewals, refinancing and extensions thereof); provided, that the amount of
such Indebtedness is not increased at the time of such refinancing, renewal or extension except by an amount equal to a reasonable
premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by
an amount equal to any existing commitments utilized thereunder (for purposes of clarity, it is understood that Funded Debt on
Schedule 7.02 is included in calculating the financial covenants in Section 6.12); and


 


(f)          other
Funded Debt (including any portion of any renewal, financing, or extension of Indebtedness set forth in Schedule 7.02
to the extent such portion does not meet the criteria set for the in the proviso of clause (e) above) as long as, after giving
effect thereto, the Credit Parties are in compliance with the financial covenants in Section 6.12, on a pro forma basis
as if such Indebtedness had been incurred as of the last day of the most recent fiscal quarter for which financial statements have
been delivered pursuant to Section 6.01 (or if such Indebtedness exists as of the Closing Date, as of March 31, 2017).


 


7.03         Investments.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, make any Investments, except:


 


(a)          Investments
held in the form of cash or Cash Equivalents;


 


(b)          Investments
in any Person that is a Credit Party prior to giving effect to such Investment;


 


(c)          Investments
by any Subsidiary that is not a Credit Party in any other Subsidiary that is not a Credit Party;


 


(d)          Investments
consisting of (i) extensions of credit in the nature of the performance of bids, (ii) accounts receivable or notes receivable arising
from the grant of


 




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trade contracts
and leases (other than credit) in the ordinary course of business, and (iii) Investments received in satisfaction or partial
satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit
loss;


 


(e)          Guaranties
permitted by Section 7.02;


 


(f)          Investments
existing as of the Closing Date and set forth in Schedule 7.03; and


 


(g)          Investments
in or related to Healthcare Facilities and Investments as described in Section 6.11 (including, without limitation, Investments
of the type set forth in subclauses (i)-(iv) of this clause (g)); provided, however, that after giving effect to
any such Investments, (i) the aggregate amount of Investments consisting of unimproved land holdings (including those made by Omega
REIT and Omega Holdco) shall not, at any time, exceed 5% of Consolidated Total Asset Value, (ii) the aggregate amount of Investments
consisting of Mortgage Loans, notes receivables and mezzanine loans (including those made by Omega REIT and Omega Holdco) shall
not, at any time, exceed 30% of Consolidated Total Asset Value, (iii) the aggregate amount of Investments consisting of construction
in progress (including those made by Omega REIT and Omega Holdco) shall not, at any time, exceed 15% of Consolidated Total Asset
Value and (iv) the aggregate amount of Investments in Unconsolidated Affiliates (including those made by Omega REIT and Omega
Holdco) shall not, at any time, exceed 20% of Consolidated Total Asset Value; provided, further, that the aggregate amount
of all Investments made pursuant to clauses (i), (ii), (iii) and (iv) above (including those made by Omega REIT and Omega Holdco)
shall not, at any time, exceed 35% of Consolidated Total Asset Value.


 


7.04         Fundamental
Changes.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, merge, dissolve, liquidate, consolidate with or into another Person;
provided, that, notwithstanding the foregoing provisions of this Section 7.04, (a) the Borrower may merge or
consolidate with any of its Subsidiaries provided that the Borrower is the continuing or surviving Person, (b) any Consolidated
Party may merge or consolidate with any other Consolidated Party; provided, that if a Credit Party is a party to such transaction,
such Credit Party shall be the continuing or surviving Person, (c) any Subsidiary Guarantor may be merged or consolidated with
or into any other Subsidiary Guarantor and (d) any Subsidiary that is not a Credit Party may dissolve, liquidate or wind up its
affairs at any time; provided, that such dissolution, liquidation or winding up, as applicable, could not reasonably be
expected to have a Material Adverse Effect.


 


7.05         Dispositions.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition,
except:


 


(a)          Dispositions
of obsolete or worn out Property, whether now owned or hereafter acquired, in the ordinary course of business;


 




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(b)          Dispositions
of inventory in the ordinary course of business;


 


(c)          Dispositions
of equipment or Property to the extent that (i) such Property is exchanged for credit against the purchase price of similar replacement
property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement
Property; provided, that if the Property disposed of is an Unencumbered Property it is removed from the calculation of Unencumbered
Asset Value.


 


(d)          Dispositions
of Property by any Subsidiary to a Credit Party or to a Wholly Owned Subsidiary; provided, that if the transferor of such
property is a Credit Party, the transferee thereof must be a Credit Party;


 


(e)          Dispositions
permitted by Section 7.03 or Section 7.04;


 


(f)          Dispositions
by the Borrower and its Subsidiaries not otherwise permitted under this Section 7.05; provided, that (i) at
the time of such Disposition, no Default or Event of Default exists and is continuing (that would not be cured by such Disposition)
or would result from such Disposition and (ii) after giving effect thereto, the Credit Parties are in compliance with the financial
covenants in Section 6.12, on a pro forma basis as if such Disposition had been incurred as of the last day of the
most recent fiscal quarter for which financial statements have been delivered pursuant to Section 6.01; and


 


(g)          real
estate leases entered into in the ordinary course of business.


 


Notwithstanding anything
above, any Disposition pursuant to clauses (a) through (f) shall be for fair market value.


 


7.06         Change
in Nature of Business.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, engage in any material line of business substantially different from those lines of business
conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.


 


7.07         Transactions
with Affiliates and Insiders.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director
or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially
as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable
arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction
shall not apply to transactions between or among the Credit Parties and/or between or among the Wholly Owned Subsidiaries.


 


7.08         Organization
Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity.


 


No Credit Party shall,
nor shall they permit Omega REIT, Omega Holdco or any Subsidiary of a Credit Party to, directly or indirectly:


 




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(a)          Amend,
modify or change its Organization Documents in a manner materially adverse to the Lenders.


 


(b)          Make
any material change in (i) accounting policies or reporting practices, except as required by GAAP, FASB, the SEC or any other
regulatory body, or (ii) its fiscal year.


 


(c)          Without
providing ten (10) days prior written notice to the Administrative Agent (or such shorter notice as the Administrative Agent may
approve), change its name, state of formation or form of organization.


 


7.09         Negative
Pledges.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, enter into, assume or otherwise be bound, by any Negative Pledge
other than (i) any Negative Pledge contained in an agreement entered into in connection with any Indebtedness that is permitted
pursuant to Section 7.02; (ii) any Negative Pledge required by law; (iii) Negative Pledges contained in (x) the agreements
set forth on Schedule 7.09; (y) any agreement relating to the sale of any Subsidiary or any assets pending such sale; provided,
that in any such case, the Negative Pledge applies only to the Subsidiary or the assets that are the subject of such sale; or (z)
any agreement in effect at the time any Person becomes a Subsidiary so long as such agreement was not entered into in contemplation
of such Person becoming a Subsidiary and such restriction only applies to such Person and/or its assets, and (iv) customary provisions
in leases, licenses and other contracts restricting the assignment thereof, in each case as such agreements, leases or other contracts
may be amended from time to time and including any renewal, extension, refinancing or replacement thereof; provided, that,
with respect to any amendment, renewal, extension, refinancing or replacement of an agreement described in clause (iii), such amendment,
renewal, extension, refinancing or replacement does not contain restrictions of the type prohibited by this Section 7.09
that are, in the aggregate, more onerous in any material respect on the Borrower or any Subsidiary than the restrictions, in the
aggregate, in the original agreement.


 


7.10         Use
of Proceeds.


 


No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, use the proceeds of any Extension of Credit, whether directly
or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation
U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally
incurred for such purpose.


 


7.11         Prepayments
of Indebtedness.


 


If a Default or Event
of Default exists and is continuing or would be caused thereby, no Credit Party shall, nor shall they permit any Subsidiary to,
directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner,
or make any payment in violation of any subordination terms of, any Indebtedness, except the prepayment of Extensions of Credit
in accordance with the terms of this Agreement.


 




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7.12         Stock
Repurchases.


 


If a Default or Event
of Default exists and is continuing or would be caused thereby, the Borrower shall not make any payment (whether in cash, securities
or other Property), including any sinking fund or similar deposit, for the purchase, redemption, retirement, defeasance, acquisition,
cancellation or termination of any of its Capital Stock or any option, warrant or other right to acquire any such Capital Stock.


 


7.13         Sanctions.


 


Permit any Loan or
the proceeds of any Loan, directly or indirectly, (a) to be used or to be lent, contributed or otherwise made available to fund
any activity or business in any Designated Jurisdiction; (b) to fund any activity or business of any Person located, organized
or residing in any Designated Jurisdiction or who is the subject of any Sanctions; or (c) in any other manner that will result
in any violation by any Person (including any Lender, Arranger or Administrative Agent) of any Sanctions or anti-corruption Laws.


 


7.14         Omega
REIT and Omega Holdco Covenants. 


 


Neither Omega REIT
nor Omega Holdco shall directly or indirectly enter into or conduct any business or activity other than (a) in connection with
the ownership, acquisition and disposition of interests in the Borrower, (b) the management of the business of the Borrower, and
(c) such business or activity that is conducted by Omega REIT and its Subsidiaries on the date hereof or, in each case, such business
or activity as is reasonably ancillary or incidental thereto (in any case, a “Permitted Activity”);
provided, however, neither Omega REIT nor Omega Holdco shall own any assets other than (i) interests, rights,
options, warrants or convertible or exchangeable securities of Omega Holdco or the Borrower, as applicable, (ii) assets that have
been distributed to Omega REIT or Omega Holdco, as applicable by their Subsidiaries that are held for fifteen
(15) Business Days or less pending further distribution to equity holders of Omega REIT or application by Omega REIT or
Omega Holdco, as the case may be, pursuant to a Permitted Activity, (iii) assets received directly or indirectly by Omega REIT
or Omega Holdco, as applicable from third parties (including, without limitation, the net cash proceeds from any issuance and
sale by Omega REIT of any equity interests or issuance of Senior Notes), that are held for fifteen (15) Business Days or less
pending further contribution to the Borrower or application by Omega REIT or Omega Holdco, as the case may be, pursuant to a Permitted
Activity, (iv) such bank accounts or similar instruments as it deems necessary in furtherance of a Permitted Activity or to carry
out its responsibilities under the Organization Documents of the Borrower and (v) other tangible and intangible assets that, taken
as a whole, are immaterial in relation to the consolidated assets of the Borrower and its Subsidiaries, but which shall in no
event include any equity interests other than those permitted in clauses (i) and (iii) of this sentence. Nothing in this Section
7.14 shall prevent either Omega REIT or Omega Holdco from (A) the maintenance of its legal existence or activities reasonably
incidental thereto (including, without limitation, the ability to incur fees, costs and expenses relating to such maintenance),
(B) the performance of its obligations with respect to the REIT Credit Agreement and the loan documents executed in connection
therewith or any other Omega REIT Indebtedness, (C) with respect to Omega REIT only, from any public offering of its common stock
or any other issuance or sale of its equity interests or issuance of its Senior Notes, (D) the payment of dividends, (E) making
contributions to the capital of the Borrower, (F) participating in tax, accounting and other administrative matters as a member
of the Consolidated Parties, (G) providing indemnification to


 




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officers, managers and
directors, (H) any activities incidental to compliance with the Securities Laws and the rules of national securities exchanges
and activities incidental to investor relations, shareholder meetings and reports to shareholders or debtholders and (I) any activities
incidental to the foregoing.


 


Article
VIII

EVENTS OF DEFAULT AND REMEDIES


 


8.01         Events
of Default.


 


The occurrence and
continuation of any of the following shall constitute an Event of Default:


 


(a)          Non-Payment.
Any Credit Party fails to pay when and as required to be paid herein, (i) any amount of principal of any Loan, (ii) within five
(5) days after the same becomes due, any interest on any Loan, or (iii) within ten (10) days after the earlier of (A) a Responsible
Officer of the Borrower or any Credit Party becoming aware that the same has become due or (B) written notice from the Administrative
Agent to the Borrower, any other fee payable herein or any other amount payable herein or under any other Credit Document becomes
due; or


 


(b)          Specific
Covenants. Any Credit Party fails to perform or observe any term, covenant or agreement contained in (i) any of Sections
6.01 6.02 or 6.10 within ten (10) days after the same becomes due or required or (ii) any of Sections 6.03,
6.06, 6.11, 6.12, 6.14, 6.15 or 6.18 or Article VII; or


 


(c)          Other
Defaults. Any Credit Party fails to perform or observe any other covenant or agreement (not specified in subsection (a)
or (b) above) contained in any Credit Document on its part to be performed or observed and such failure continues for thirty (30)
days after the earlier of (i) a Responsible Officer of the Borrower or any Credit Party becoming aware of such Default or (ii)
written notice thereof by the Administrative Agent to the Borrower (or, if such failure cannot be reasonably cured within such
period, sixty (60) days, so long as the applicable Credit Party has diligently commenced such cure and is diligently pursuing completion
thereof); or


 


(d)          Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any
Credit Party and contained in this Credit Agreement, in any other Credit Document, or in any document delivered in connection herewith
or therewith shall be incorrect or misleading in any material respect when made or deemed made; or


 


(e)          Cross-Default.
(i) there occurs any event of default under (x) any of the Senior Note Indentures, (y) the REIT Credit Agreement or (z) the Bank
of Tokyo Credit Agreement; (ii) any Credit Party or any Subsidiary (A) fails to perform or observe (beyond the applicable grace
or cure period with respect thereto, if any) any Contractual Obligation if such failure could reasonably be expected to have a
Material Adverse Effect, (B) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration,
demand, or otherwise and beyond the applicable grace or cure period with


 




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respect thereto,
if any) in respect of any Indebtedness (other than Indebtedness hereunder and Indebtedness under Swap Contracts) or otherwise fails
to observe or perform any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event occurs, the effect of which event of default is to cause, or to permit
the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, with the giving
of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically
or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity,
or cash collateral in respect thereof to be demanded, in each case to the extent such Indebtedness or other obligation is in an
amount, individually or in the aggregate, (including undrawn committed or available amounts and including amounts owing to all
creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount; or (iii) there occurs under any
Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap
Contract as to which such Credit Party or Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination
Event (as so defined) under such Swap Contract as to which such Credit Party or Subsidiary is an Affected Party (as so defined)
and, in either event, the Swap Termination Value owed by such Credit Party or Subsidiary as a result thereof is greater than the
Threshold Amount; or


 


(f)          Insolvency
Proceedings, Etc. Any Credit Party, Omega REIT, Omega Holdco or any Material Subsidiary institutes or consents to the institution
of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents
to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for
all or any material part of its properties; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer is appointed and the appointment continues undischarged or unstayed for ninety (90) calendar days; or any proceeding under
any Debtor Relief Law relating to such Person or to all or any material part of its property is instituted without the consent
of such Person and continues undismissed or unstayed for ninety (90) calendar days, or an order for relief is entered in any such
proceeding; or


 


(g)          Inability
to Pay Debts; Attachment. (i) Any Credit Party, Omega REIT, Omega Holdco or any Material Subsidiary becomes unable or admits
in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution
or similar process in an amount in excess of the Threshold Amount is issued or levied against all or any material part of the properties
of any such Person and is not released, vacated or fully bonded within sixty (60) days after its issue or levy; or


 


(h)          Judgments.
There is entered against a Credit Party, Omega REIT, Omega Holdco or any Subsidiary (i) any one or more final judgments or
orders for the payment of money in an amount, individually or in the aggregate, exceeding the Threshold Amount (to the extent not
covered by independent third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary
final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect
and, in either case, (A) enforcement proceedings are commenced by any creditor


 




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upon such judgment
or order, or (B) there is a period of ten (10) consecutive days during which a stay of enforcement of such judgment, by reason
of a pending appeal or otherwise, is not in effect; or


 


(i)          ERISA.
(i) An ERISA Event occurs with respect to a Plan which has resulted in liability of any Credit Party, Omega REIT, Omega Holdco
or any Subsidiary under Title IV of ERISA to the Plan or the PBGC in an aggregate amount in excess of the Threshold Amount,
or (ii) any Credit Party or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an
aggregate amount in excess of the Threshold Amount; or


 


(j)          Invalidity
of Credit Documents; Guaranty. (i) Any Credit Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or as a result of satisfaction in full of all the Obligations, ceases to be in full force
and effect; or any Credit Party contests in any manner the validity or enforceability of any Credit Document; or any Credit Party
denies that it has any or further liability or obligation under any Credit Document, or purports to revoke, terminate or rescind
any Credit Document; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary
Guarantor not prohibited by the terms of this Credit Agreement, the Guaranty shall cease to be in full force and effect, or any
Guarantor hereunder shall deny or disaffirm such Guarantor’s obligations under such Guaranty, or any Guarantor shall default
in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to the
Guaranty; or


 


(k)          Change
of Control. There occurs any Change of Control.


 


8.02         Remedies
Upon Event of Default.


 


If any Event of Default
occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
upon written notice to the Borrower in any instance, take any or all of the following actions:


 


(a)          declare
the commitment of each Lender to make Loans to be terminated, whereupon such commitments and obligation shall be terminated;


 


(b)          declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Credit Document to be immediately due and payable, without presentment, demand, protest or additional
notice of any kind, all of which are hereby expressly waived by the Borrower; and


 


(c)          exercise
on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Credit Documents or applicable
law;


 


provided, however, that upon
the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the
United States, the obligation of


 




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each Lender to make Loans shall automatically
terminate, and the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically
become due and payable, in each case without further act of the Administrative Agent or any Lender.


 


8.03         Application
of Funds.


 


After the exercise
of remedies in accordance with the provisions of Section 8.02 (or after the Loans have automatically become immediately
due and payable, any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following
order:


 


First, to payment
of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney Costs and amounts
payable under Article III) payable to the Administrative Agent in its capacity as such;


 


Second, to payment
of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs and amounts payable under Article III), ratably among the Lenders in proportion
to the amounts described in this clause Second payable to them;


 


Third, to payment
of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans ratably among
the Lenders in proportion to the respective amounts described in this clause Third held by them;


 


Fourth, to payment
of that portion of the Obligations constituting unpaid principal of the Loans;


 


Fifth, to payment
of that portion of the Obligations constituting obligations under Swap Contracts between any Credit Party and any Lender or Affiliate
of any Lender (including, without limitation, payment of breakage, termination or other amounts owing in respect of any Swap Contract
between any Credit Party and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is permitted hereunder);
and


 


Last, the balance,
if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.


 


Excluded Swap Obligations with respect
to any Guarantor shall not be paid with amounts received from such Guarantor or such Guarantor’s assets, but appropriate
adjustments shall be made with respect to payments from other Credit Parties to preserve the allocation to Obligations otherwise
set forth above in this Section.


 


Article
IX

ADMINISTRATIVE AGENT


 


9.01         Appointment
and Authorization of Administrative Agent.


 


Each Lender hereby
irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf under the provisions
of this Credit Agreement and each other Credit Document and to exercise such powers and perform such duties as are expressly


 




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delegated to it by the
terms of this Credit Agreement or any other Credit Document, together with such powers as are reasonably incidental thereto. Notwithstanding
any provision to the contrary contained elsewhere herein or in any other Credit Document, the Administrative Agent shall not have
any duties or responsibilities, except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to
have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Credit Agreement or any other Credit Document or otherwise exist against the
Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” herein
and in the other Credit Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other
implied (or express) obligations arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter
of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.


 


9.02         Delegation
of Duties.


 


The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by
or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents that it selects in the absence of gross negligence or willful misconduct.


 


9.03         Liability
of Administrative Agent.


 


No Agent-Related Person
shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Credit Agreement
or any other Credit Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct
in connection with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or participant for
any recital, statement, representation or warranty made by any Credit Party or any officer thereof, contained herein or in any
other Credit Document, or in any certificate, report, statement or other document referred to or provided for in, or received by
the Administrative Agent under or in connection with, this Credit Agreement or any other Credit Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Credit Agreement or any other Credit Document, or for any failure of any Credit
Party or any other party to any Credit Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall
be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Credit Agreement or any other Credit Document, or to inspect the properties, books
or records of any Credit Party or any Affiliate thereof.


 




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9.04         Reliance
by Administrative Agent.


 


(a)          The
Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic
mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent
or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Credit Party),
independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall be fully justified
in failing or refusing to take any action under any Credit Document unless it shall first receive such advice or concurrence of
the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.
The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Credit Agreement
or any other Credit Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders
as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall
be binding upon all the Lenders.


 


(b)          For
purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this
Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.


 


9.05         Notice
of Default.


 


The Administrative
Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect
to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the
Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Credit
Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Administrative
Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to
such Default or Event of Default as may be directed by the requisite Lenders in accordance herewith; provided, however,
that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be
obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall
deem advisable or in the best interest of the Lenders.


 


9.06         Credit
Decision; Disclosure of Confidential Information by Administrative Agent.


 


Each Lender acknowledges
that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereafter
taken, including any consent to and acceptance of any assignment or review of the affairs of any Credit Party or any Affiliate
thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person


 




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to any Lender as to any
matter, including whether Agent-Related Persons have disclosed material information in their possession (in each case, except to
the extent the Administrative Agent has confirmed to any Lender in writing the satisfaction of conditions to funding as of the
Closing Date). Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into
the business, prospects, operations, property, financial and other condition and creditworthiness of the Credit Parties and their
respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and
made its own decision to enter into this Credit Agreement and to extend credit to the Borrower and the other Credit Parties hereunder.
Each Lender also represents that it will, independently and without reliance upon any Agent-Related Person and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Credit Agreement and the other Credit Documents, and to make such investigations as it deems
necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness
of the Borrower and the other Credit Parties. Except for notices, reports and other documents expressly required to be furnished
to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide
any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition
or creditworthiness of any of the Credit Parties or any of their respective Affiliates that may come into the possession of any
Agent-Related Person.


 


9.07         Indemnification
of Administrative Agent.


 


Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent
not reimbursed by or on behalf of any Credit Party and without limiting the obligation of any Credit Party to do so), pro rata,
and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided,
however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related
Person’s own gross negligence or willful misconduct; provided, however, that no action taken in accordance
with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of
this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable
share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with
the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Credit Agreement, any other
Credit Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed
for such expenses by or on behalf of the Borrower. The undertaking in this Section shall survive termination of the Commitments,
the payment of all other Obligations and the resignation of the Administrative Agent.


 




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9.08         Administrative
Agent in its Individual Capacity.


 


Bank of America and
its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in
and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Credit
Parties and their respective Affiliates as though Bank of America were not the Administrative Agent hereunder and without notice
to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or its Affiliates may
receive information regarding any Credit Party or its Affiliates (including information that may be subject to confidentiality
obligations in favor of such Credit Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation
to provide such information to them. With respect to its Loans, Bank of America shall have the same rights and powers under this
Credit Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent, and
the terms “Lender” and “Lenders” include Bank of America in its individual
capacity.


 


9.09         Successor
Administrative Agent.


 


The Administrative
Agent may resign as Administrative Agent upon thirty (30) days’ notice to the Lenders. If the Administrative Agent resigns
under this Credit Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent for the
Lenders, which successor administrative agent shall be consented to by the Borrower at all times other than during the existence
of an Event of Default (which consent of the Borrower shall not be unreasonably withheld or delayed). If no successor administrative
agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint,
after consulting with the Lenders and the Borrower, a successor administrative agent from among the Lenders. Upon the acceptance
of its appointment as successor administrative agent hereunder, the Person acting as such successor administrative agent shall
succeed to all the rights, powers and duties of the retiring Administrative Agent, and the term “Administrative Agent”
thereafter shall mean such successor administrative agent, and the retiring Administrative Agent’s appointment, powers and
duties as Administrative Agent shall be terminated. After any retiring Administrative Agent’s resignation hereunder as Administrative
Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. If no successor
administrative agent has accepted appointment as Administrative Agent by the date thirty (30) days following a retiring Administrative
Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the
Required Lenders appoint a successor agent as provided for above.


 


9.10         Administrative
Agent May File Proofs of Claim.


 


In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan shall then
be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall
have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:


 




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(a)          to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other
Obligations (other than obligations under Swap Contracts to which the Administrative Agent is not a party) that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative
Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative
Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.09
and 10.04) allowed in such judicial proceeding; and


 


(b)          to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;


 


and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.09 and 10.04.


 


Nothing contained herein shall be deemed
to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding.


 


9.11         Guaranty
Matters.


 


The Lenders irrevocably
authorize the Administrative Agent, at its option and in its discretion, to release any Person from its obligations under the Guaranty
if (a) such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder or (b) such Person is no longer required
to be a Guarantor pursuant to Section 6.15(c). Upon the release of any Person pursuant to this Section 9.11, the
Administrative Agent shall (to the extent applicable) deliver to the Credit Parties, upon the Credit Parties’ request and
at the Credit Parties’ expense, such documentation as is reasonably necessary to evidence the release of such Person from
its obligations under the Credit Documents.


 


9.12         Other
Agents; Arrangers and Managers.


 


None of the Lenders
or other Persons identified on the facing page or signature pages of this Credit Agreement as a “syndication agent,”
“documentation agent,” “co-agent,” “book manager,” “lead manager,” “arranger,”
“lead arranger” or “co-arranger” shall have any right, power, obligation, liability, responsibility or
duty under this Credit Agreement other than, in the case of such Lenders, those applicable to all Lenders as such. Without limiting
the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with
any Lender. Each Lender acknowledges that it has not relied, and will not rely,


 




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on any of the Lenders
or other Persons so identified in deciding to enter into this Credit Agreement or in taking or not taking action hereunder.


 


Article
X

MISCELLANEOUS


 


10.01         Amendments,
Etc.


 


No amendment or waiver
of, or any consent to deviation from, any provision of this Credit Agreement or any other Credit Document shall be effective unless
in writing and signed by the Borrower, the Guarantors (if applicable) and the Required Lenders and acknowledged by the Administrative
Agent, and each such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose
for which it is given; provided, however, that:


 


(a)          unless
also signed by each Lender directly affected thereby, no such amendment, waiver or consent shall:


 


(i)          extend
or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02), it being
understood that the amendment or waiver of an Event of Default or a mandatory reduction or a mandatory prepayment in Commitments
shall not be considered an increase in Commitments,


 


(ii)         waive
non-payment or postpone any date fixed by this Credit Agreement or any other Credit Document for any payment of principal, interest,
fees or other amounts due to any Lender hereunder or under any other Credit Document,


 


(iii)        reduce
the principal of, or the rate of interest specified herein on, any Loan, or any fees or other amounts payable hereunder or under
any other Credit Document; provided, however, that only the consent of the Required Lenders shall be necessary (A)
to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default
Rate or (B) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would
be to reduce the rate of interest on any Loan or to reduce any fee payable hereunder,


 


(iv)        change
any provision of this Credit Agreement regarding pro rata sharing or pro rata funding with respect to (A) the making of advances
(including participations), (B) the manner of application of payments or prepayments of principal, interest, or fees, or (C) the
manner of reduction of commitments and committed amounts,


 


(v)         change
any provision of this Section 10.01(a), the definition of “Required Lenders”, or any other provision hereof
specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination
or grant any consent hereunder, or


 




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(vi)        release
the Borrower or all or substantially all of the Subsidiary Guarantors from their obligations hereunder (other than as provided
herein or as appropriate in connection with transactions permitted hereunder);


 


(b)          unless
also signed by the Administrative Agent, no such amendment, waiver or consent shall affect the rights or duties of the Administrative
Agent under this Credit Agreement or any other Credit Document;


 


provided, however, that notwithstanding
anything to the contrary contained herein, (i) no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder, except that, without the prior written consent of such Lender, (A) no Commitment of such Lender may
be increased or extended, (B) the terms and conditions of this proviso may not be amended or otherwise modified and (C) no other
amendment or other modification to this Agreement or any Note that would disproportionately affect a “Defaulting Lender”
may be effective, (ii) each Lender is entitled to vote as such Lender sees fit on any bankruptcy or insolvency reorganization plan
that affects the Loans, (iii) each Lender acknowledged that the provisions of Section 1126(c) of the Bankruptcy Code of the
United States supersedes the unanimous consent provisions set forth herein, and (iv) the Required Lenders may consent to allow
a Credit Party to use cash collateral in the context of a bankruptcy or insolvency proceeding.


 


10.02         Notices
and Other Communications; Facsimile Copies.


 


(a)          General.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including
by facsimile transmission). All such written notices shall be mailed certified or registered mail, faxed or delivered to the applicable
address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:


 


(i)          if
to any Credit Party or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or
telephone number as shall be designated by such party in a notice to the other parties; and


 


(ii)         if
to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by
such party in a notice to any Credit Party and the Administrative Agent.


 


Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the


 




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recipient). Notices delivered through electronic
communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).


 


(b)          Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail, FpML messaging and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent;
provided, that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified
the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Borrower may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided, that approval of such procedures may be limited to particular
notices or communications.


 


(c)          The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW)
DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY
FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE
DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative
Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower,
any Lender or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise)
arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials or notices through the
Platform, any other electronic platform or electronic messaging service, or through the Internet, except to the extent that such
losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however,
that in no event shall any Agent Party have any liability to the Borrower, any Lender or any other Person for indirect, special,
incidental, consequential or punitive damages (as opposed to direct or actual damages).


 


(d)          Effectiveness
of Facsimile Documents and Signatures. Credit Documents may be transmitted and/or signed by facsimile. The effectiveness of
any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals
and shall be binding on all Credit Parties, the Administrative Agent and the Lenders. The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that
the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature.


 








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(e)          Reliance
by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices
(including telephonic notices permitted under Section 2.02(a)) purportedly given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other
form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.
The Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and
other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto
hereby consents to such recording.


 


(f)          Change
of Address, Etc. Each of the Borrower and the Administrative Agent may change its address, telecopier or telephone number for
notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier
or telephone number for notices and other communications hereunder by notice to the Borrower and the Administrative Agent. In addition,
each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i)
an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other
communications may be sent and (ii) accurate wire instructions for such Lender.


 


10.03         No
Waiver; Cumulative Remedies.


 


No failure by any Lender
or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies,
powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by law.


 


Notwithstanding anything
to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies hereunder and under
the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings
at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance
with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit
(a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its
capacity as Administrative Agent) hereunder and under the other Credit Documents, (b) any Lender from exercising setoff rights
in accordance with Section 10.09 (subject to the terms of Section 2.12), or (c) any Lender from filing proofs of
claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under
any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent
hereunder and under the other Credit Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso
and subject to


 




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Section 2.12,
any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by
the Required Lenders.


 


10.04         Attorney
Costs, Expenses and Taxes.


 


The Credit Parties
agree (a) to pay directly to the provider thereof or to pay or reimburse the Administrative Agent for all reasonable and documented
costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Credit Agreement
and the other Credit Documents, the preservation of any rights or remedies under this Credit Agreement and the other Credit Documents,
and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby
and thereby, including all Attorney Costs and (b) to pay or reimburse the Administrative Agent and each Lender for all reasonable
costs and expenses incurred following an Event of Default in connection with the enforcement, attempted enforcement, or preservation
of any rights or remedies under this Credit Agreement or the other Credit Documents (including all such costs and expenses incurred
during any “workout” or restructuring in respect of the Obligations and during any legal proceeding, including any
proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs and expenses shall include all search,
filing, recording, title insurance and appraisal charges and fees and taxes related thereto, and other reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent and the reasonable and documented cost of independent public accountants
and other outside experts retained by the Administrative Agent or any Lender. All amounts due under this Section 10.04
shall be payable within twenty (20) Business Days after written invoice therefor is received by the Borrower. The agreements in
this Section shall survive the termination of the Commitments and repayment of all other Obligations.


 


10.05         Indemnification.


 


The Credit Parties
shall indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, directors, officers,
employees, counsel, agents, trustees, advisors and attorneys-in-fact (collectively the “Indemnitees”) from and
against any and all liabilities, obligations, losses, damages, penalties, claims, litigation, investigation, proceeding, demands,
actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever (subject
to the provisions of Section 3.01 with respect to Taxes and Other Taxes) that may at any time be imposed on, incurred
by or asserted against any such Indemnitee (whether by a Credit Party or any other party) in any way relating to or arising out
of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Credit Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of
the transactions contemplated thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related
Parties only, the administration of this Agreement and the other Credit Documents, (b) any Commitment, Loan or the use or proposed
use of the proceeds therefrom, or (c) any actual or threatened claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory (including any investigation of, preparation for, or defense
of any pending or threatened claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party
thereto (all the foregoing, collectively, the “Indemnified Liabilities”);


 




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provided, that
such indemnification shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages,
penalties, claims, litigation, investigation, proceeding, demands, actions, judgments, suits, costs, expenses or disbursements
are determined to have resulted from the gross negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable
for any damages arising from the use by others of any information or other materials obtained through SyndTrak or other similar
information transmission systems in connection with this Credit Agreement, and no Indemnitee shall have any liability for any indirect,
special, incidental consequential or punitive damages (as opposed to direct or actual damages) relating to this Credit Agreement
or any other Credit Document or arising out of its activities in connection herewith or therewith (whether before or after the
Closing Date). All amounts that may become due under this Section 10.05 shall be payable within twenty (20) Business
Days after written invoice therefor is received by the Borrower. The agreements in this Section 10.05 shall survive
the resignation of the Administrative Agent, the assignment by any Lender of any of its interests hereunder, the replacement of
any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations.


 


10.06         Payments
Set Aside.


 


To the extent that
any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any
Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative
Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding
under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such set-off had
not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount
so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the Federal Funds Rate from time to time in effect.


 


10.07         Successors
and Assigns.


 


(a)          The
provisions of this Credit Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any
of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer
any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b)
of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii)
by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) or (i) of this Section
(and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Credit Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent


 




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expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Credit Agreement.


 


(b)          Any
Lender may at any time, with notice to the Borrower and, unless (1) an Event of Default has occurred and is continuing at the time
of such assignment or (2) the assignment is to a Lender, an Affiliate of such Lender or an Approved Fund, the consent of the Borrower
(such consent not to be unreasonably withheld or delayed), assign to one or more Eligible Assignees all or a portion of its rights
and obligations under this Credit Agreement (including all or a portion of its Commitment and the Loans at the time owing to it);
provided, that (i) except in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment
and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund
with respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder)
subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered
to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date,
shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and
is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed) provided,
however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee
Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single
assignment for purposes of determining whether such minimum amount has been met; (ii) each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Credit Agreement with
respect to the Loans or the Commitment assigned; (iii) any assignment of a Commitment must be approved by the Administrative
Agent (such consent not to be unreasonably withheld or delayed), unless the Person that is the proposed assignee is itself a Lender
(whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); (iv) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in
the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive
such processing and recordation fee in the case of any assignment and (v) no such assignment shall be made to (A) the Borrower
or any of the Borrower’s Affiliates or Subsidiaries, (B) any Defaulting Lender or any of its Subsidiaries, or any Person
who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) a natural
person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person).
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective
unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional
payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be
outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding,
with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but
not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x)
pay and satisfy in full


 




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all payment
liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon)
and (y) acquire (and fund as appropriate) its full pro rata share of all Loans. Notwithstanding the foregoing, in the event that
any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without
compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender
for all purposes of this Agreement until such compliance occurs. Subject to acceptance and recording thereof by the Administrative
Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Credit Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Credit
Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Credit Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring
prior to the effective date of such assignment). Upon request, the Borrower (at its expense) shall execute and deliver a Note to
the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Credit Agreement that does not
comply with this subsection shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with subsection (d) of this Section.


 


(c)          The
Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the
Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the
Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any
Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrower at any reasonable time and from time
to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or other substantive
change to the Credit Documents is pending, any Lender wishing to consult with other Lenders in connection therewith may request
and receive from the Administrative Agent a copy of the Register.


 


(d)          Any
Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to
any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary
benefit of, a natural person) or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Credit Agreement (including all or a portion


 




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of its Commitment
and/or the Loans owing to it); provided, that (i) such Lender’s obligations under this Credit Agreement shall remain
unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations
and (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Credit Agreement. Any agreement or instrument pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Credit
Agreement and to approve any amendment, modification or waiver of any provision of this Credit Agreement; provided, that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
waiver or other modification that extends the time for, reduces the amount or alters the application of proceeds with respect to
such obligations and payments required therein that directly affects such Participant. Subject to subsection (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section.
To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.09 as though
it were a Lender; provided, such Participant agrees to be subject to Section 2.12 as though it were a Lender.


 


(e)          A
Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would
be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply
with Section 10.15 as though it were a Lender.


 


(f)          Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Credit Agreement (including
under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank; provided, that no such pledge or assignment shall release such Lender from any of its obligations hereunder
or substitute any such pledgee or assignee for such Lender as a party hereto.


 


(g)          Notwithstanding
anything to the contrary contained herein, any Lender that is a Fund may (without notice to or the consent of any of the parties
hereto) create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee
for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities; provided,
that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07,
(i) no such pledge shall release the pledging Lender from any of its obligations under the Credit Documents and (ii) such trustee
shall not be entitled to exercise any of the rights of a Lender under the Credit Documents even though such trustee may have acquired
ownership rights with respect to the pledged interest through foreclosure or otherwise.


 




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10.08         Confidentiality.


 


Each of the Administrative
Agent and the Lenders agrees to maintain the confidentiality of Confidential Information, except that Confidential Information
may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature
of such Confidential Information and instructed to keep such Confidential Information confidential); (b) to the extent requested
by any regulatory authority or self regulatory body; (c) to the extent required by applicable Law or regulations or by any subpoena
or similar legal process; (d) to any other party to this Credit Agreement; (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Credit Agreement or the enforcement of rights hereunder (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information
and instructed to keep such Confidential Information confidential); (f) subject to an agreement containing provisions substantially
the same as those of this Section, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or
Participant in, any of its rights or obligations under this Credit Agreement or (ii) any direct or indirect contractual counterparty
or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor)
to any credit derivative transaction relating to obligations of the Credit Parties; (g) with the consent of the Borrower; (h) to
the extent such Confidential Information (i) becomes publicly available other than as a result of a breach of this Section
or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower;
(i) to the National Association of Insurance Commissioners or any other similar organization (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to
keep such Confidential Information confidential); or (j) to any nationally recognized rating agency that requires access to a Lender’s
or an Affiliate’s investment portfolio in connection with ratings issued with respect to such Lender or Affiliate. In addition,
the Administrative Agent and the Lenders may disclose the existence of this Credit Agreement and information about this Credit
Agreement to market data collectors, similar service providers to the lending industry, and service providers to the Administrative
Agent and the Lenders in connection with the administration and management of this Credit Agreement, the other Credit Documents,
the Commitments, and the Extension of Credits. Any Person required to maintain the confidentiality of Confidential Information
as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised
the same degree of care to maintain the confidentiality of such Confidential Information as such Person would accord to its own
confidential information. “Confidential Information” means all information received from any Credit Party relating
to any Credit Party, any of the other Consolidated Parties, or its or their business, other than any such information that is available
to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Credit Party; provided,
that, in the case of information received from a Credit Party after the date hereof, such information is clearly identified in
writing at the time of delivery as confidential.


 


Each of the Administrative
Agent and the Lenders Issuer acknowledges that (a) the Confidential Information may include material non-public information
concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including
Federal and state securities Laws.


 




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10.09         Set-off.


 


In addition to any
rights and remedies of the Lenders provided by law, upon the occurrence and during the continuance of any Event of Default, each
Lender and each of its Affiliates are authorized at any time and from time to time, without prior notice to the Borrower or any
other Credit Party, any such notice being waived by the Borrower (on their own behalf and on behalf of each Credit Party) to the
fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final) at any time held by, and other indebtedness at any time owing by, such Lender or Affiliate to or for the credit or the account
of the respective Credit Parties against any and all Obligations owing to such Lender hereunder or under any other Credit Document,
now or hereafter existing, irrespective of whether or not the Administrative Agent or such Lender shall have made demand under
this Credit Agreement or any other Credit Document and although such Obligations may be contingent or unmatured or denominated
in a currency different from that of the applicable deposit or indebtedness; provided, that in the event that any Defaulting
Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative
Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated
by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders,
and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the
Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and their
respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such
Lender or its Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such
setoff and application; provided, that the failure to give such notice shall not affect the validity of such setoff and
application.


 


10.10         Interest
Rate Limitation.


 


Notwithstanding anything
to the contrary contained in any Credit Document, the interest paid or agreed to be paid under the Credit Documents shall not exceed
the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative
Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to
the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than
interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or
unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.


 


10.11         Counterparts.


 


This Credit Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.


 




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10.12         Integration.


 


This Credit Agreement,
together with the other Credit Documents, comprises the complete and integrated agreement of the parties on the subject matter
hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between
the provisions of this Credit Agreement and those of any other Credit Document, the provisions of this Credit Agreement shall control;
provided, that the inclusion of specific supplemental rights or remedies in favor of the Administrative Agent or the Lenders
in any other Credit Document shall not be deemed a conflict with this Credit Agreement. Each Credit Document was drafted with the
joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather
in accordance with the fair meaning thereof.


 


10.13         Survival
of Representations and Warranties.


 


All representations
and warranties made hereunder and in any other Credit Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been
or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge
of any Default or Event of Default at the time of any Extension of Credit, and shall continue in full force and effect as long
as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied.


 


10.14         Severability.


 


If any provision of
this Credit Agreement or the other Credit Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining provisions of this Credit Agreement and the other Credit Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.


 


10.15         Tax
Forms.


 


(a)          (i)
Each Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue
Code (a “Foreign Lender”) shall deliver to the Administrative Agent, prior to receipt of any payment subject
to withholding under the Internal Revenue Code (or upon accepting an assignment of an interest herein), two duly signed completed
copies of either IRS Form W-8BEN or any successor thereto (relating to such Foreign Lender and entitling it to an exemption
from, or reduction of, withholding tax on all payments to be made to such Foreign Lender by the Borrower pursuant to this Credit
Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Foreign Lender by the
Borrower pursuant to this Credit Agreement) or such other evidence satisfactory to the Borrower and the Administrative Agent that
such Foreign Lender is entitled to an exemption from, or reduction of, U.S. withholding tax, including any exemption pursuant to
Section 881(c) of the Internal Revenue Code. Thereafter and


 




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from time to
time, each such Foreign Lender shall (A) promptly submit to the Administrative Agent such additional duly completed and signed
copies of one of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing
authorities) as may then be available under then current United States laws and regulations to avoid, or such evidence as is satisfactory
to the Borrower and the Administrative Agent of any available exemption from or reduction of, United States withholding taxes in
respect of all payments to be made to such Foreign Lender by the Borrower pursuant to this Credit Agreement, (B) promptly notify
the Administrative Agent of any change in circumstances that would modify or render invalid any claimed exemption or reduction,
and (C) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender, and as may
be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Law that the
Borrower make any deduction or withholding for taxes from amounts payable to such Foreign Lender.


 


(ii)         Each
Foreign Lender, to the extent it does not act or ceases to act for its own account with respect to any portion of any sums paid
or payable to such Lender under any of the Credit Documents (for example, in the case of a typical participation by such Lender),
shall deliver to the Administrative Agent on the date when such Foreign Lender ceases to act for its own account with respect to
any portion of any such sums paid or payable, and at such other times as may be necessary in the determination of the Administrative
Agent (in the reasonable exercise of its discretion), (A) two duly signed completed copies of the forms or statements required
to be provided by such Lender as set forth above, to establish the portion of any such sums paid or payable with respect to which
such Lender acts for its own account that is not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS
Form W-8IMY (or any successor thereto), together with any information such Lender chooses to transmit with such form, and
any other certificate or statement of exemption required under the Internal Revenue Code, to establish that such Lender is not
acting for its own account with respect to a portion of any such sums payable to such Lender.


 


(iii)        The
Borrower shall not be required to pay any additional amount to any Foreign Lender under Section 3.01 (A) with respect
to any Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such
Lender transmits with an IRS Form W-8IMY pursuant to this Section 10.15(a) or (B) if such Lender shall have failed
to satisfy the foregoing provisions of this Section 10.15(a); provided, that if such Lender shall have satisfied
the requirement of this Section 10.15(a) on the date such Lender became a Lender or ceased to act for its own account
with respect to any payment under any of the Credit Documents, nothing in this Section 10.15(a) shall relieve the Borrower
of their obligation to pay any amounts pursuant to Section 3.01 in the event that, as a result of any change in any
applicable Law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application
thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other Person for the account of which such Lender receives any sums


 




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payable under
any of the Credit Documents is not subject to withholding or is subject to withholding at a reduced rate.


 


(b)          Upon
the request of the Administrative Agent, each Lender that is a “United States person” within the meaning of Section 7701(a)(30)
of the Internal Revenue Code shall deliver to the Administrative Agent two duly signed completed copies of IRS Form W-9. If
such Lender fails to deliver such forms, then the Administrative Agent may withhold from any interest payment to such Lender an
amount equivalent to the applicable back-up withholding tax imposed by the Internal Revenue Code, without reduction.


 


(c)          If
a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if such
Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b)
or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent
at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent
such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code)
and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the
Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for
purposes of this clause (c), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.


 


10.16         Replacement
of Lenders.


 


To the extent that
Section 3.06(b) provides that the Borrower shall have the right to replace a Lender as a party to this Credit Agreement,
or if any Lender is a Defaulting Lender, the Borrower may, upon notice to such Lender and the Administrative Agent, replace such
Lender by causing such Lender to assign its Commitment (with the related assignment fee to be paid by the Borrower) pursuant to
Section 10.07(b) to one or more Eligible Assignees procured by the Borrower; provided, however, that
if the Borrower elects to exercise such right with respect to any Lender pursuant to such Section 3.06(b), they shall
be obligated to replace all Lenders that have made similar requests for compensation pursuant to Section 3.01 or 3.04.
The Borrower shall pay in full all principal, interest, fees and other amounts owing to such Lender through the date of replacement
(including any amounts payable pursuant to Section 3.05). Any Lender being replaced shall execute and deliver an Assignment
and Assumption with respect to such Lender’s Commitment and outstanding Loans.


 


10.17         No
Advisory or Fiduciary Responsibility.


 


In connection with
all aspects of each transaction contemplated hereby, the Borrower acknowledges and agrees, and acknowledges its respective Affiliates’
understanding, that: (a) the credit facility provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other Credit Document) are an arm’s-length
commercial transaction between the Borrower


 




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and its respective Affiliates,
on the one hand, and the Administrative Agent, the Arranger and the Lenders, on the other hand, and each Credit Party is capable
of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby
and by the other Credit Documents (including any amendment, waiver or other modification hereof or thereof); (b) in connection
with the process leading to such transaction, the Administrative Agent and the Arranger each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its respective Affiliates, stockholders,
creditors or employees or any other Person; (c) neither the Administrative Agent nor the Arranger has assumed or will assume an
advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby
or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Credit
Document (irrespective of whether the Administrative Agent or the Arranger has advised or is currently advising the Borrower or
any of its respective Affiliates on other matters) and neither the Administrative Agent nor the Arranger has any obligation to
the Borrower or any of its respective Affiliates with respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Credit Documents; (d) the Administrative Agent and the Arranger and their respective
Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its
respective Affiliates, and neither the Administrative Agent nor the Arranger has any obligation to disclose any of such interests
by virtue of any advisory, agency or fiduciary relationship; and (e) the Administrative Agent and the Arranger have not provided
and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby
(including any amendment, waiver or other modification hereof or of any other Credit Document) and each Credit Party has consulted
its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each Credit Party agrees that it
will not claim that any of the Administrative Agent, the Arranger or their respective affiliates has rendered advisory services
of any nature or respect or owes a fiduciary duty or similar duty to it in connection with any aspect of any transaction contemplated
hereby.


 


10.18         Source
of Funds.


 


Each of the Lenders
hereby represents and warrants to the Borrower that at least one of the following statements is an accurate representation as to
the source of funds to be used by such Lender in connection with the financing hereunder:


 


(a)          no
part of such funds constitutes assets allocated to any separate account maintained by such Lender in which any employee benefit
plan (or its related trust) has any interest;


 


(b)          to
the extent that any part of such funds constitutes assets allocated to any separate account maintained by such Lender, such Lender
has disclosed to the Borrower the name of each employee benefit plan whose assets in such account exceed ten percent (10%) of the
total assets of such account as of the date of such purchase (and, for purposes of this subsection (b), all employee benefit
plans maintained by the same employer or employee organization are deemed to be a single plan);


 




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(c)          to
the extent that any part of such funds constitutes assets of an insurance company’s general account, such insurance company
has complied with all of the requirements of the regulations issued under Section 401(c)(1)(A) of ERISA; or


 


(d)          such
funds constitute assets of one or more specific benefit plans that such Lender has identified in writing to the Borrower.


 


As used in this Section, the terms “employee
benefit plan” and “separate account” shall have the respective meanings provided in Section 3 of ERISA.


 


10.19         GOVERNING
LAW.


 


(a)          THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, the LAW OF THE
STATE OF NEW YORK applicable to agreements made and to be performed entirely within such
State, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES; PROVIDED, THAT THE ADMINISTRATIVE Agent
AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.


 


(b)          ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, THE BORROWER, THE CREDIT PARTIES, THE ADMINISTRATIVE Agent AND
EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER,
THE CREDIT PARTIES, THE ADMINISTRATIVE Agent AND EACH LENDER IRREVOCABLY WAIVES
ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY CREDIT DOCUMENT OR
OTHER DOCUMENT RELATED THERETO. EACH OF THE BORROWER, THE CREDIT PARTIES, THE ADMINISTRATIVE
Agent AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER
MEANS PERMITTED BY THE LAW OF SUCH STATE.


 


10.20         WAIVER
OF RIGHT TO TRIAL BY JURY.


 


EACH PARTY TO THIS
AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY
CREDIT DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO ANY CREDIT DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND


 




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EACH PARTY HEREBY AGREES
AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY
PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.


 


10.21         No
Conflict.


 


To the extent there
is any conflict or inconsistency between the provisions hereof and the provisions of any other Credit Document, this Credit Agreement
shall control.


 


10.22         USA
Patriot Act Notice.


 


Each Lender and the
Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements
of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
it is required to obtain, verify and record information that identifies the Borrower (and to the extent applicable, the other Credit
Parties), which information includes the name and address of the Borrower (and to the extent applicable, the other Credit Parties)
and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower (and to
the extent applicable, the other Credit Parties) in accordance with the Act. The Borrower shall, promptly following a request by
the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender
reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money
laundering rules and regulations, including the Act.


 


10.23         Electronic
Execution of Assignments and Certain Other Documents.


 


The words “execute,”
“execution,” “signed,” “signature” and words of like import in or related to any document to
be signed in connection with this Agreement and the transaction contemplated hereby (including without limitation Assignment and
Assumptions, amendments or other modifications, Loan Notices, waivers and consents) shall be deemed to include electronic signatures
or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided
that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligations to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures
approved by it.


 


10.24         Entire
Agreement.


 


This Credit Agreement
and the other Credit Documents represent the final agreement AMONG the parties and may not be contradicted by evidence of prior,
contemporaneous, or


 




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subsequent oral agreements
of the parties. There are no unwritten oral agreements AMONG the parties.


 


10.25         Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. .


 


Notwithstanding anything
to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Credit Document, to
the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by:


 


(a)          the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any Lender that is an EEA Financial Institution; and


 


(b)          the
effects of any Bail-in Action on any such liability, including, if applicable:


 


(i)          a
reduction in full or in part or cancellation of any such liability;


 


(ii)         a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Credit Document; or


 


(iii)        the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution
Authority.


 


Article
XI

GUARANTY


 


11.01         Guaranty.


 


(a)          If
applicable, any Guarantors, unless released pursuant to Section 6.15(c) and Section 9.11, jointly and severally guarantee to the
Administrative Agent and each of the holders of the Obligations, as hereinafter provided, as primary obligor and not as surety,
the prompt payment of the Obligations (the “Guaranteed Obligations”) in full when due (whether at stated maturity,
as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof. If applicable, any Guarantors
further agree that if any of the Guaranteed Obligations are not paid in full when due (whether at stated maturity, as a mandatory
prepayment, by acceleration or otherwise), the Guarantors will, jointly and severally, promptly pay the same, without any demand
or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations,
the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration or otherwise)
in accordance with the terms of such extension or renewal.


 




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(b)          Notwithstanding
any provision to the contrary contained herein, in any of the other Credit Documents or Swap Contracts, if any Guarantor is deemed
to have been rendered insolvent as a result of its guarantee obligations under this Section 11.01 and not to have received
reasonable equivalent value in exchange therefor, then, in such an event, the liability of such Guarantor under this Section
11.01 shall be limited to the maximum amount of the Obligations of the Borrower that such Guarantor may guaranty without rendering
the obligations of such Guarantor under this Section 11.01 void or voidable under any fraudulent conveyance or fraudulent
transfer law.


 


11.02         Obligations
Unconditional.


 


If applicable, the
obligations of any Guarantors under Section 11.01 are joint and several, absolute and unconditional, irrespective of
the value, genuineness, validity, regularity or enforceability of any of the Credit Documents, other documents relating to the
Obligations, or Swap Contracts, or any other agreement or instrument referred to therein, or any substitution, compromise, release,
impairment or exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, to the fullest extent
permitted by applicable Laws, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable
discharge or defense of a surety or guarantor, it being the intent of this Section 11.02 that the obligations of any
Guarantors hereunder shall be absolute and unconditional under any and all circumstances. If applicable, each Guarantor agrees
that such Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Borrower or any other
Guarantor for amounts paid under this Article XI until such time as the Obligations have been irrevocably paid in full
and the Commitments relating thereto have expired or been terminated. Without limiting the generality of the foregoing, it is agreed
that, to the fullest extent permitted by applicable Laws, the occurrence of any one or more of the following shall not alter or
impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional as described above:


 


(a)          at
any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the Guaranteed
Obligations shall be extended, or such performance or compliance shall be waived;


 


(b)          any
of the acts mentioned in any of the provisions of any of the Credit Documents, other documents relating to the Guaranteed Obligations,
or any Swap Contract between any Credit Party and any Lender, or any Affiliate of a Lender or any other agreement or instrument
referred to in the Credit Documents, other documents relating to the Guaranteed Obligations, or such Swap Contracts shall be done
or omitted;


 


(c)          the
maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or
amended in any respect, or any right under any of the Credit Documents, other documents relating to the Guaranteed Obligations,
or any Swap Contract between any Credit party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument
referred to in the Credit Documents, other documents relating to the Guaranteed Obligations, or any Swap Contract shall be waived
or any other guarantee of any of the Guaranteed Obligations or any security therefor shall be released, impaired or exchanged in
whole or in part or otherwise dealt with;


 




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(d)          any
Lien granted to, or in favor of, the Administrative Agent or any of the holders of the Guaranteed Obligations as security for any
of the Guaranteed Obligations shall fail to attach or be perfected; or


 


(e)          any
of the Guaranteed Obligations shall be determined to be void or voidable (including for the benefit of any creditor of any Guarantor)
or shall be subordinated to the claims of any Person (including any creditor of any Guarantor).


 


If applicable, with
respect to its obligations hereunder, each Guarantor expressly waives diligence, presentment, demand of payment, protest notice
of acceptance of the guaranty given hereby and of extensions of credit that may constitute Guaranteed Obligations, notices of amendments,
waivers and supplements to the Credit Documents and other documents relating to the Guaranteed Obligations, or the compromise,
release or exchange of collateral or security, and all notices whatsoever, and any requirement that the Administrative Agent or
any holder of the Guaranteed Obligations exhaust any right, power or remedy or proceed against any Person under any of the Credit
Documents or any other documents relating to the Guaranteed Obligations or any other agreement or instrument referred to therein,
or against any other Person under any other guarantee of, or security for, any of the Obligations.


 


11.03         Reinstatement.


 


If and when applicable,
neither the Guarantors’ obligations hereunder nor any remedy for the enforcement thereof shall be impaired, modified, changed
or released in any manner whatsoever by an impairment, modification, change, release or limitation of the liability of the Borrower,
by reason of the Borrower’s bankruptcy or insolvency or by reason of the invalidity or unenforceability of all or any portion
of the Guaranteed Obligations. The obligations of the Guarantors under this Article XI shall be automatically reinstated
if and to the extent that for any reason any payment by or on behalf of any Person in respect of the Guaranteed Obligations is
rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a result of any proceedings pursuant
to any Debtor Relief Law or otherwise, and each Guarantor agrees that it will indemnify the Administrative Agent and each holder
of Guaranteed Obligations on demand for all reasonable costs and expenses (including all reasonable fees, expenses and disbursements
of any law firm or other counsel) incurred by the Administrative Agent or such holder of Guaranteed Obligations in connection with
such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such
payment constituted a preference, fraudulent transfer or similar payment under any Debtor Relief Law; provided, that such
indemnification shall not be available to the extent that such costs and expenses are determined to have resulted from the gross
negligence or willful misconduct of the Administrative Agent or such holder of the Guaranteed Obligations.


 


11.04         Certain
Waivers.


 


If and when applicable,
each Guarantor acknowledges and agrees that (a) the guaranty given hereby may be enforced without the necessity of resorting
to or otherwise exhausting remedies in respect of any other security or collateral interests, and without the necessity at any
time of having to take recourse against the Borrower hereunder or against any collateral securing the Guaranteed Obligations or
otherwise, (b) it will not assert any right to require the action first


 




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be taken against the
Borrower or any other Person (including any other Guarantor) or pursuit of any other remedy or enforcement any other right and
(c) nothing contained herein shall prevent or limit action being taken against the Borrower hereunder, under the other Credit
Documents or the other documents and agreements relating to the Guaranteed Obligations or from foreclosing on any security or collateral
interests relating hereto or thereto, or from exercising any other rights or remedies available in respect thereof, if neither
the Borrower nor the Guarantors shall timely perform their obligations, and the exercise of any such rights and completion of any
such foreclosure proceedings shall not constitute a discharge of the Guarantors’ obligations hereunder unless as a result
thereof, the Guaranteed Obligations shall have been paid in full and the Commitments relating thereto shall have expired or been
terminated, it being the purpose and intent that the Guarantors’ obligations hereunder be absolute, irrevocable, independent
and unconditional under all circumstances.


 


11.05         Rights
of Contribution.


 


If and when applicable,
the Guarantors agree as among themselves that, in connection with payments made hereunder, each Guarantor shall have a right of
contribution from each other Guarantor in accordance with applicable Laws. Such contribution rights shall be subordinate and subject
in right of payment to the Guaranteed Obligations until such time as the Guaranteed Obligations have been paid in full and the
Commitments relating thereto shall have expired or been terminated, and none of the Guarantors shall exercise any such contribution
rights until the Guaranteed Obligations have been paid in full and the Commitments relating thereto shall have expired or been
terminated.


 


11.06         Guaranty
of Payment; Continuing Guaranty.


 


The guarantee in this
Article XI is a guaranty of payment and not of collection, and is a continuing guarantee, and shall apply to all Guaranteed
Obligations whenever arising until such time as the Guaranteed Obligations have been paid in full and the Commitments relating
thereto shall have expired or been terminated.


 


11.07         Keepwell.


 


Each Credit Party that
is a Qualified ECP Guarantor at the time the Guaranty in this Article XI by any Credit Party that is not then an “eligible
contract participant” under the Commodity Exchange Act (a “Specified Loan Party”) or, if applicable, at
the time the grant of a security interest under the Credit Documents by any such Specified Loan Party, in either case, becomes
effective with respect to any obligation under any Swap Contract, hereby jointly and severally, absolutely, unconditionally and
irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Obligation as may
be needed by such Specified Loan Party from time to time to honor all of its obligations under the Credit Documents in respect
of such Obligation on (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering
such Qualified ECP Guarantor’s obligations and undertakings under this Article XI voidable under applicable Debtor Relief
Laws, and not for any greater amount). The obligations and undertakings of each applicable Credit Party under this Section shall
remain in full force and effect until the Obligations have been indefeasibly paid and performed in full. Each Credit Party intends
this Section to constitute, and this Section shall be


 




    	 	102	 



     


    

 


deemed to constitute,
a “keepwell, support, or other agreement” for the benefit of each Credit Party that would otherwise not constitute
an Eligible Contract Participant for any Swap Obligation for all purposes of the Commodity Exchange Act.


 


[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK -


SIGNATURE PAGES AND SCHEDULES AND EXHIBITS
TO FOLLOW]


 




    	 	103	 



     


    

 


IN WITNESS WHEREOF,
the parties hereto have caused this Credit Agreement to be duly executed as of the date first above written.


 


	BORROWER:	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	ADMINISTRATIVE AGENT:	bank of america, n.a.,
	 	as Administrative Agent
	 	 	 
	 	By:	/s/ Henry Pennell
	 	Name:	Henry Pennell
	 	Title:	Vice President


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	LENDERS:	BANK OF AMERICA, N.A.,
		as a Lender
	 	 	 
	 	By:	/s/ Yinghua Zhang
	 	Name:	Yinghua Zhang
	 	Title:	Director


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/ Jean-Michel Fatovic
	 	Name:	Jean-Michel Fatovic
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ Gordon Yip
	 	Name:	 Gordon Yip
	 	Title:	Director


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Chiara Carter
	 	Name:	Chiara Carter
	 	Title:	Executive Director


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	CITIZENS BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ David R. Jablonowski
	 	Name:	David R. Jablonowski
	 	Title:	Senior Vice President


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Michael King
	 	Name:	Michael King
	 	Title:	Authorized Signatory


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	SUNTRUST BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/ Philip VanFossan
	 	Name:	Philip VanFossan
	 	Title:	Vice President


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	ROYAL BANK OF CANADA,
	 	as a Lender
	 	 	 
	 	By:	/s/ Rina Kansagra
	 	Name:	Rina Kansagra
	 	Title:	Authorized Signatory


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
	 	 	 
	 	By:	/s/ Scott O’Connell
	 	Name:	Scott O’Connell
	 	Title:	Director


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	CAPITAL ONE, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Jason LaGrippe
	 	Name:	Jason LaGrippe
	 	Title:	Duly Authorized Signatory


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 


	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Andrea S. Chen
	 	Name:	Andrea S. Chen
	 	Title:	Managing Director


 


OHI
HEALTHCARE PROPERTIES LIMITED PARTNERSHIP


TERM LOAN CREDIT AGREEMENT


 




     


     


    

 





Schedule 2.01


 


LENDERS AND COMMITMENTS




 





	Lender	 	Term
    Loan
 Commitment
 Amount	 	 	Term
    Loan
 Commitment
 Percentage	 
	Bank of America, N.A.	 	$	11,451,612.91	 	 	 	11.451612910	%
	Citizens Bank, National Association	 	$	11,451,612.91	 	 	 	11.451612910	%
	Credit Agricole Corporate and Investment Bank	 	$	11,451,612.91	 	 	 	11.451612910	%
	JPMorgan Chase Bank, N.A.	 	$	11,451,612.91	 	 	 	11.451612910	%
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.	 	$	9,032,258.06	 	 	 	9.032258060	%
	Royal Bank of Canada	 	$	9,032,258.06	 	 	 	9.032258060	%
	SunTrust Bank	 	$	9,032,258.06	 	 	 	9.032258060	%
	Wells Fargo Bank, N.A.	 	$	9,032,258.06	 	 	 	9.032258060	%
	Capital One, National Association	 	$	9,032,258.06	 	 	 	9.032258060	%
	Morgan Stanley Bank, N.A.	 	$	9,032,258.06	 	 	 	9.032258060	%
	Total:	 	$	100,000,000.00	 	 	 	100.000000000	%



 






     


     


    

 


Schedule 5.11


 


CORPORATE STRUCTURE; CAPITAL STOCK


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    

 


 


 






     


     


    







 


OMEGA HEALTHCARE INVESTORS, INC.


SUBSIDIARY LIST – POST-MERGER WITH
AVIV REIT, INC.


As of May 15, 2017


 


		noteS:	(1)  this
chart is cross-referenced with the visio organizational chart.



			(2)  thIS
chart is sorted in alphabetical order and assigned the chart reference nO. listed in column 6.



 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	1.	 	1040 Wedding Ford Road, LLC	 	61-1573457	 	Arkansas	 	—	 	270
	2.	 	1101 Waterwell Road, LLC	 	61-1573458	 	Arkansas	 	—	 	269
	3.	 	1149 & 1151 West New Hope Road, LLC	 	61-1573459	 	Arkansas	 	—	 	272
	4.	 	115 Orendorff Avenue, LLC	 	61-1573450	 	Arkansas	 	—	 	274
	5.	 	11900 East Artesia Boulevard, LLC	 	90-0266391	 	California	 	—	 	323
	6.	 	1194 North Chester Street, LLC 	 	61-1573460	 	Arkansas	 	—	 	271
	7.	 	1200 Ely Street Holdings Co. LLC	 	26-3524594	 	Michigan	 	—	 	278
	8.	 	13922 Cerise Avenue, LLC	 	71-0976970	 	California	 	—	 	314
	9.	 	1401 Park Avenue, LLC	 	61-1573464	 	Arkansas	 	—	 	273
	10.	 	1628 B Street, LLC	 	30-0482286	 	California	 	—	 	320
	11.	 	202 Tims Avenue, LLC 	 	61-1573452	 	Arkansas	 	—	 	275
	12.	 	228 Pointer Trail West, LLC	 	61-1573453	 	Arkansas	 	—	 	267
	13.	 	2400 Parkside Drive, LLC	 	30-0482288	 	California	 	—	 	321
	14.	 	2425 Teller Avenue, LLC	 	20-5672217	 	Colorado	 	—	 	279
	15.	 	245 East Wilshire Avenue, LLC 	 	90-0266386	 	California	 	—	 	313
	16.	 	2701 Twin Rivers Drive, LLC	 	61-1573466	 	Arkansas	 	—	 	266
	17.	 	305 West End Avenue Property, L.L.C.	 	None	 	Delaware	 	—	 	425
	18.	 	3232 Artesia Real Estate, LLC	 	65-1232714	 	California	 	—	 	322
	19.	 	3600 Richards Road, LLC	 	61-1573467	 	Arkansas	 	—	 	268
	20.	 	3806 Clayton Road, LLC	 	90-0266403	 	California	 	—	 	312
	21.	 	42235 County Road Holdings Co. LLC	 	83-0500167	 	Michigan	 	—	 	281
	22.	 	446 Sycamore Road, L.L.C.	 	32-0380782	 	Delaware	 	CA	 	426
	23.	 	48 High Point Road, LLC	 	27-2498824	 	Maryland	 	Florida	 	282
	24.	 	523 Hayes Lane, LLC	 	45-1777721	 	California	 	—	 	316
	25.	 	637 East Romie Lane, LLC	 	90-0266404	 	California	 	—	 	315
	26.	 	700 Mark Drive, LLC	 	61-1573454	 	Arkansas	 	—	 	277


 






     


     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	27.	 	900 Magnolia Road SW, LLC	 	61-1573456	 	Arkansas	 	—	 	276
	28.	 	Alamogordo Aviv, L.L.C.	 	27-0123540	 	New Mexico	 	—	 	427
	29.	 	Albany Street Property, L.L.C.	 	61-1754256	 	Delaware	 	OH	 	428
	30.	 	Arizona Lessor - Infinia, LLC	 	32-0008074	 	Maryland	 	AZ	 	1
	31.	 	Arkansas Aviv, L.L.C.	 	30-0509615	 	Delaware	 	AR	 	429
	32.	 	Arma Yates, L.L.C.	 	27-3971035	 	Delaware	 	KS	 	430
	33.	 	Avery Street Property, L.L.C.	 	36-4775490	 	Delaware	 	FL	 	431
	34.	 	Aviv Asset Management, L.L.C.	 	30-0305067	 	Delaware	 	IL	 	432
	35.	 	Aviv Financing I, L.L.C.	 	11-3747125	 	Delaware	 	IL, MA	 	433
	36.	 	Aviv Financing II, L.L.C.	 	36-4597042	 	Delaware	 	—	 	434
	37.	 	Aviv Financing III, L.L.C.	 	36-4641210	 	Delaware	 	—	 	435
	38.	 	Aviv Financing IV, L.L.C.	 	27-0836481	 	Delaware	 	—	 	436
	39.	 	Aviv Financing V, L.L.C.	 	27-0836548	 	Delaware	 	—	 	437
	40.	 	Aviv Financing VI, L.L.C.	 	61-1749036	 	Delaware	 	—	 	438
	41.	 	Aviv Foothills, L.L.C.	 	36-4572035	 	Delaware	 	AZ	 	439
	42.	 	Aviv Healthcare Properties Operating Partnership I, L.P.	 	11-3747120	 	Delaware	 	IL, MA	 	441
	43.	 	Aviv Liberty, L.L.C.	 	36-4572034	 	Delaware	 	TX	 	442
	44.	 	Aviv OP Limited Partner, L.L.C.	 	27-3474432	 	Delaware	 	—	 	443
	45.	 	Avon Ohio, L.L.C.	 	36-4601433	 	Delaware	 	OH	 	444
	46.	 	Bala Cynwyd Real Estate, LP 	 	27-1726563	 	Pennsylvania	 	—	 	413
	47.	 	Bayside Colorado Healthcare Associates, LLC	 	38-3517837	 	Colorado	 	—	 	6
	48.	 	Bayside Street II, LLC	 	38-3519969	 	Delaware	 	—	 	9
	49.	 	Bayside Street, LLC	 	38-3160026	 	Maryland	 	—	 	10
	50.	 	Belleville Illinois, L.L.C.	 	32-0188341	 	Delaware	 	IL	 	445
	51.	 	Bellingham II Associates, L.L.C.	 	11-3747130	 	Delaware	 	WA	 	446
	52.	 	Bethel ALF Property, L.L.C.	 	36-4759871	 	Delaware	 	CT	 	447
	53.	 	BHG Aviv, L.L.C.	 	36-4601432	 	Delaware	 	MA, PA	 	448
	54.	 	Biglerville Road, L.L.C.	 	35-2410897	 	Delaware	 	PA	 	449
	55.	 	Bonham Texas, L.L.C.	 	30-0358809	 	Delaware	 	TX	 	450
	56.	 	Bradenton ALF Property, L.L.C.	 	45-4444919	 	Delaware	 	FL	 	451
	57.	 	Brewster ALF Property, L.L.C.	 	46-5485524	 	Delaware	 	MA	 	452
	58.	 	Burton NH Property, L.L.C.	 	11-3714506	 	Delaware	 	WA	 	453


 






    	 	2	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	59.	 	California Aviv Two, L.L.C.	 	26-4117080	 	Delaware	 	CA, NV	 	454
	60.	 	California Aviv, L.L.C.	 	38-3786697	 	Delaware	 	CA, WA, OR	 	455
	61.	 	Camas Associates, L.L.C.	 	36-4340182	 	Delaware	 	WA	 	456
	62.	 	Canton Health Care Land, LLC	 	20-1914579	 	Ohio	 	—	 	11
	63.	 	Carnegie Gardens LLC	 	20-2442381	 	Delaware	 	FL	 	12
	64.	 	Casa/Sierra California Associates, L.L.C.	 	36-4572017	 	Delaware	 	CA	 	457
	65.	 	CFG 2115 Woodstock Place LLC	 	26-1123970	 	Delaware	 	WI	 	280
	66.	 	Champaign Williamson Franklin, L.L.C.	 	36-4769741	 	Delaware	 	IL	 	458
	67.	 	Chardon Ohio Property Holdings, L.L.C.	 	37-1762860	 	Delaware	 	OH	 	459
	68.	 	Chardon Ohio Property, L.L.C.	 	61-1722650	 	Delaware	 	—	 	460
	69.	 	Chatham Aviv, L.L.C.	 	27-0354315	 	Delaware	 	PA	 	461
	70.	 	Chenal Arkansas, L.L.C.	 	04-3835270	 	Delaware	 	AR	 	462
	71.	 	Chippewa Valley, L.L.C.	 	36-4065826	 	Illinois	 	MI, WI	 	463
	72.	 	CHR Bartow LLC	 	26-3708257	 	Delaware	 	FL	 	218
	73.	 	CHR Boca Raton LLC	 	26-3709390	 	Delaware	 	FL	 	219
	74.	 	CHR Bradenton LLC	 	26-3710605	 	Delaware	 	FL	 	220
	75.	 	CHR Cape Coral LLC	 	26-3710052	 	Delaware	 	FL	 	221
	76.	 	CHR Clearwater Highland LLC	 	26-3709760	 	Delaware	 	FL	 	222
	77.	 	CHR Clearwater LLC	 	26-3708420	 	Delaware	 	FL	 	223
	78.	 	CHR Deland East LLC	 	26-3709095	 	Delaware	 	FL	 	224
	79.	 	CHR Deland West LLC	 	26-3709165	 	Delaware	 	FL	 	225
	80.	 	CHR Fort Myers LLC	 	26-3710399	 	Delaware	 	FL	 	226
	81.	 	CHR Fort Walton Beach LLC	 	26-3708663	 	Delaware	 	FL	 	227
	82.	 	CHR Gulfport LLC	 	26-3710452	 	Delaware	 	FL	 	228
	83.	 	CHR Hudson LLC	 	26-3709991	 	Delaware	 	FL	 	229
	84.	 	CHR Lake Wales LLC	 	26-3708893	 	Delaware	 	FL	 	230
	85.	 	CHR Lakeland LLC	 	26-3708735	 	Delaware	 	FL	 	231
	86.	 	CHR Panama City LLC	 	26-3708524	 	Delaware	 	FL	 	232
	87.	 	CHR Pompano Beach Broward LLC	 	26-3710220	 	Delaware	 	FL	 	233
	88.	 	CHR Pompano Beach LLC	 	26-3709856	 	Delaware	 	FL	 	234
	89.	 	CHR Sanford LLC	 	26-3709701	 	Delaware	 	FL	 	235
	90.	 	CHR Sarasota LLC	 	26-3710347	 	Delaware	 	FL	 	236


 




    	 	3	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	91.	 	CHR Spring Hill LLC	 	26-3709633	 	Delaware	 	FL	 	237
	92.	 	CHR St. Pete Abbey LLC	 	26-3709327	 	Delaware	 	FL	 	238
	93.	 	CHR St. Pete Bay LLC	 	26-3709236	 	Delaware	 	FL	 	239
	94.	 	CHR St. Pete Egret LLC	 	26-3708588	 	Delaware	 	FL	 	240
	95.	 	CHR Tampa Carrollwood LLC	 	26-3709502	 	Delaware	 	FL	 	241
	96.	 	CHR Tampa LLC	 	26-3710161	 	Delaware	 	FL	 	242
	97.	 	CHR Tarpon Springs LLC	 	26-3708823	 	Delaware	 	FL	 	243
	98.	 	CHR Titusville LLC	 	26-3709919	 	Delaware	 	FL	 	244
	99.	 	CHR West Palm Beach LLC	 	26-3710287	 	Delaware	 	FL	 	245
	100.	 	Clarkston Care, L.L.C.	 	76-0802028	 	Delaware	 	WA	 	464
	101.	 	Clayton Associates, L.L.C.	 	36-4572014	 	New Mexico	 	—	 	465
	102.	 	Colonial Gardens, LLC 	 	26-0110549	 	Ohio	 	—	 	15
	103.	 	Colonial Madison Associates, L.L.C.	 	38-3741678	 	Delaware	 	WI	 	466
	104.	 	Colorado Lessor - Conifer, LLC	 	32-0008069	 	Maryland	 	CO	 	16
	105.	 	Columbus Texas Aviv, L.L.C.	 	38-3735473	 	Delaware	 	TX	 	467
	106.	 	Columbus Western Avenue, L.L.C.	 	71-0960205	 	Delaware	 	WI	 	468
	107.	 	Colville Washington Property, L.L.C.	 	35-2521805	 	Delaware	 	WA	 	469
	108.	 	Commerce Nursing Homes, L.L.C.	 	36-4122632	 	Illinois	 	TX	 	470
	109.	 	Commerce Sterling Hart Drive, L.L.C.	 	27-5458991	 	Delaware	 	TX	 	471
	110.	 	Conroe Rigby Owen Road, L.L.C.	 	27-5458820	 	Delaware	 	TX	 	472
	111.	 	CR Aviv, L.L.C.	 	20-5354773	 	Delaware	 	IL, MO	 	473
	112.	 	Crete Plus Five Property, L.L.C.	 	30-0855110	 	Delaware	 	NE	 	474
	113.	 	Crooked River Road, L.L.C.	 	27-5081057	 	Delaware	 	FL	 	475
	114.	 	CSE Albany LLC	 	20-5885886	 	Delaware	 	KY	 	149
	115.	 	CSE Amarillo LLC	 	20-5862752	 	Delaware	 	TX	 	150
	116.	 	CSE Arden L.P.	 	20-5888680	 	Delaware	 	NC	 	151
	117.	 	CSE Augusta LLC	 	20-5885921	 	Delaware	 	KY	 	152
	118.	 	CSE Bedford LLC	 	20-5886082	 	Delaware	 	KY	 	153
	119.	 	CSE Blountville LLC	 	20-8295288	 	Delaware	 	TN	 	19
	120.	 	CSE Bolivar LLC	 	20-8295024	 	Delaware	 	TN	 	20
	121.	 	CSE Cambridge LLC	 	20-5886976	 	Delaware	 	MD	 	154
	122.	 	CSE Cambridge Realty LLC	 	20-5959318	 	Delaware	 	MD	 	155


 




    	 	4	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	123.	 	CSE Camden LLC	 	20-8295066	 	Delaware	 	TN	 	21
	124.	 	CSE Canton LLC	 	20-5887312	 	Delaware	 	OH	 	156
	125.	 	CSE Casablanca Holdings II LLC	 	26-0595183	 	Delaware	 	—	 	158
	126.	 	CSE Casablanca Holdings LLC	 	20-8724466	 	Delaware	 	—	 	157
	127.	 	CSE Cedar Rapids LLC	 	20-5884941	 	Delaware	 	IA	 	159
	128.	 	CSE Centennial Village, LP	 	20-6974959	 	Delaware	 	PA	 	22
	129.	 	CSE Chelmsford LLC	 	20-5920451	 	Delaware	 	MA	 	160
	130.	 	CSE Chesterton LLC	 	20-5885195	 	Delaware	 	IN	 	161
	131.	 	CSE Claremont LLC	 	20-5883891	 	Delaware	 	CA	 	162
	132.	 	CSE Corpus North LLC	 	20-5186415	 	Delaware	 	TX	 	23
	133.	 	CSE Denver Iliff LLC	 	20-8037772	 	Delaware	 	CO	 	25
	134.	 	CSE Denver LLC	 	20-5884311	 	Delaware	 	CO	 	163
	135.	 	CSE Douglas LLC	 	20-5883761	 	Delaware	 	AZ	 	164
	136.	 	CSE Elkton LLC	 	20-5887006	 	Delaware	 	MD	 	166
	137.	 	CSE Elkton Realty LLC	 	20-5959253	 	Delaware	 	MD	 	167
	138.	 	CSE Fairhaven LLC	 	20-8281491	 	Delaware	 	MA	 	26
	139.	 	CSE Fort Wayne LLC	 	20-5885125	 	Delaware	 	IN	 	168
	140.	 	CSE Frankston LLC	 	20-5862947	 	Delaware	 	TX	 	169
	141.	 	CSE Georgetown LLC	 	20-5886126	 	Delaware	 	KY	 	170
	142.	 	CSE Green Bay LLC	 	20-5888029	 	Delaware	 	WI	 	171
	143.	 	CSE Hilliard LLC	 	20-5887347	 	Delaware	 	OH	 	172
	144.	 	CSE Huntingdon LLC	 	20-8295191	 	Delaware	 	TN	 	27
	145.	 	CSE Huntsville LLC	 	20-5887764	 	Delaware	 	TN	 	173
	146.	 	CSE Indianapolis-Continental LLC	 	20-5885046	 	Delaware	 	IN	 	174
	147.	 	CSE Indianapolis-Greenbriar LLC	 	20-5885096	 	Delaware	 	IN	 	175
	148.	 	CSE Jacinto City LLC	 	20-5186519	 	Delaware	 	TX	 	28
	149.	 	CSE Jefferson City LLC	 	20-8295101	 	Delaware	 	TN	 	29
	150.	 	CSE Jeffersonville-Hillcrest Center LLC	 	20-5885261	 	Delaware	 	IN	 	176
	151.	 	CSE Jeffersonville-Jennings House LLC	 	20-5885346	 	Delaware	 	IN	 	177
	152.	 	CSE Kerrville LLC	 	20-8684872	 	Delaware	 	TX	 	30
	153.	 	CSE King L.P.	 	20-5888725	 	Delaware	 	NC	 	178
	154.	 	CSE Kingsport LLC	 	20-5887736	 	Delaware	 	TN	 	179


 




    	 	5	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	155.	 	CSE Knightdale L.P.	 	20-5888653	 	Delaware	 	NC	 	180
	156.	 	CSE Lake City LLC	 	20-5863259	 	Delaware	 	FL	 	181
	157.	 	CSE Lake Worth LLC	 	20-5863173	 	Delaware	 	FL	 	182
	158.	 	CSE Lakewood LLC	 	20-5884352	 	Delaware	 	CO	 	183
	159.	 	CSE Las Vegas LLC	 	20-5887216	 	Delaware	 	NM	 	184
	160.	 	CSE Lawrenceburg LLC	 	20-5887802	 	Delaware	 	TN	 	185
	161.	 	CSE Lenoir L.P.	 	20-5888528	 	Delaware	 	NC	 	186
	162.	 	CSE Lexington Park LLC	 	20-5886951	 	Delaware	 	MD	 	187
	163.	 	CSE Lexington Park Realty LLC	 	20-5959280	 	Delaware	 	MD	 	188
	164.	 	CSE Ligonier LLC	 	20-5885484	 	Delaware	 	IN	 	189
	165.	 	CSE Live Oak LLC	 	20-5863086	 	Delaware	 	FL	 	190
	166.	 	CSE Lowell LLC	 	20-5885381	 	Delaware	 	IN	 	192
	167.	 	CSE Marianna Holdings LLC	 	20-1411422	 	Delaware	 	FL	 	31
	168.	 	CSE Memphis LLC	 	20-8295130 	 	Delaware	 	TN	 	32
	169.	 	CSE Mobile LLC	 	20-5883572	 	Delaware	 	—	 	193
	170.	 	CSE Moore LLC	 	20-5887574	 	Delaware	 	OK	 	194
	171.	 	CSE North Carolina Holdings I LLC	 	20-5888397	 	Delaware	 	—	 	195
	172.	 	CSE North Carolina Holdings II LLC	 	20-5888430	 	Delaware	 	—	 	196
	173.	 	CSE Omro LLC	 	20-5887998	 	Delaware	 	WI	 	197
	174.	 	CSE Orange Park LLC	 	20-5863371	 	Delaware	 	FL	 	198
	175.	 	CSE Orlando-Pinar Terrace Manor LLC	 	20-5863043	 	Delaware	 	FL	 	199
	176.	 	CSE Orlando-Terra Vista Rehab LLC	 	20-5863223	 	Delaware	 	FL	 	200
	177.	 	CSE Pennsylvania Holdings, LP	 	20-6974946	 	Delaware	 	—	 	33
	178.	 	CSE Piggott LLC	 	20-5883659	 	Delaware	 	AR	 	201
	179.	 	CSE Pilot Point LLC	 	20-5862827	 	Delaware	 	TX	 	202
	180.	 	CSE Pine View LLC	 	20-5398686	 	Delaware	 	MS	 	246
	181.	 	CSE Ponca City LLC	 	20-5887495	 	Delaware	 	OK	 	203
	182.	 	CSE Port St. Lucie LLC	 	20-5863294	 	Delaware	 	FL	 	204
	183.	 	CSE Richmond LLC	 	20-5885427	 	Delaware	 	IN	 	205
	184.	 	CSE Ripley LLC	 	20-8295238	 	Delaware	 	TN	 	34
	185.	 	CSE Ripon LLC	 	26-0480886	 	Delaware	 	WI	 	35
	186.	 	CSE Safford LLC	 	20-5883807	 	Delaware	 	AZ	 	206


 




    	 	6	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	187.	 	CSE Salina LLC	 	20-5885669	 	Delaware	 	KS	 	207
	188.	 	CSE Seminole LLC	 	20-5887615	 	Delaware	 	OK	 	208
	189.	 	CSE Shawnee LLC	 	20-5887524	 	Delaware	 	OK	 	209
	190.	 	CSE Spring Branch LLC	 	20-5186484	 	Delaware	 	TX	 	36
	191.	 	CSE Stillwater LLC	 	20-5887548	 	Delaware	 	OK	 	210
	192.	 	CSE Taylorsville LLC	 	20-5886196	 	Delaware	 	KY	 	211
	193.	 	CSE Texarkana LLC	 	20-5862880	 	Delaware	 	TX	 	37
	194.	 	CSE Texas City LLC	 	20-5862791	 	Delaware	 	TX	 	212
	195.	 	CSE The Village LLC	 	20-5186550	 	Delaware	 	TX	 	38
	196.	 	CSE Upland LLC	 	20-5891148	 	Delaware	 	IN	 	213
	197.	 	CSE Walnut Cove L.P.	 	20-5888502	 	Delaware	 	NC	 	214
	198.	 	CSE West Point LLC	 	20-5887119	 	Delaware	 	MS	 	39
	199.	 	CSE Whitehouse LLC	 	20-8294979	 	Delaware	 	OH	 	40
	200.	 	CSE Williamsport LLC	 	26-0480953	 	Delaware	 	IN	 	41
	201.	 	CSE Winter Haven LLC	 	20-5863327	 	Delaware	 	FL	 	215
	202.	 	CSE Woodfin L.P.	 	20-5888619	 	Delaware	 	NC	 	216
	203.	 	CSE Yorktown LLC	 	20-5885163	 	Delaware	 	IN	 	217
	204.	 	Cuyahoga Falls Property II, L.L.C.	 	38-3937172	 	Delaware	 	OH	 	476
	205.	 	Cuyahoga Falls Property, L.L.C.	 	35-2419468	 	Delaware	 	OH	 	477
	206.	 	Dallas Two Property, L.L.C. 	 	61-1746734	 	Delaware	 	TX	 	478
	207.	 	Danbury ALF Property, L.L.C.	 	27-4083747	 	Delaware	 	CT	 	479
	208.	 	Darien ALF Property, L.L.C.	 	30-0694838	 	Delaware	 	CT	 	480
	209.	 	Deerfield Class B, L.L.C.	 	35-2525678	 	Delaware	 	—	 	481
	210.	 	Delta Investors I, LLC	 	54-2112455	 	Maryland	 	CA, ID, MA, OH, WV	 	43
	211.	 	Delta Investors II, LLC	 	54-2112456	 	Maryland	 	CA, NC, OH, WA, WV	 	44
	212.	 	Denison Texas, L.L.C.	 	32-0173170	 	Delaware	 	TX	 	482
	213.	 	Desert Lane LLC	 	20-3098022	 	Delaware	 	NV	 	45
	214.	 	Dixie White House Nursing Home, LLC	 	59-3738671	 	Mississippi	 	—	 	247
	215.	 	Dixon Health Care Center, LLC	 	34-1509772	 	Ohio	 	—	 	46
	216.	 	DWC Finance, L.L.C.	 	47-2256374	 	Delaware	 	—	 	483
	217.	 	East Rollins Street, L.L.C.	 	38-3838004	 	Delaware	 	MO	 	484
	218.	 	Edgewood Drive Property, L.L.C.	 	32-0405276	 	Delaware	 	IN	 	485


 




    	 	7	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	219.	 	Effingham Associates, L.L.C.	 	36-4150491	 	Illinois	 	—	 	486
	220.	 	Elite Mattoon, L.L.C.	 	36-4454111	 	Delaware	 	IL	 	487
	221.	 	Elite Yorkville, L.L.C.	 	36-4454114	 	Delaware	 	IL	 	488
	222.	 	Encanto Senior Care, LLC	 	20-1669755	 	Arizona	 	—	 	308
	223.	 	Falcon Four Property Holding, L.L.C.	 	46-3986352	 	Delaware	 	OH	 	489
	224.	 	Falcon Four Property, L.L.C.	 	30-0794160	 	Delaware	 	—	 	490
	225.	 	Falfurrias Texas, L.L.C.	 	61-1501714	 	Delaware	 	TX	 	491
	226.	 	Financing VI Healthcare Property, L.L.C.	 	35-2519380	 	Delaware	 	OH, IN, MI, NC, VA	 	492
	227.	 	Florida ALF Properties, L.L.C.	 	32-0417622	 	Delaware	 	FL	 	493
	228.	 	Florida Four Properties, L.L.C.	 	35-2456486	 	Delaware	 	FL	 	494
	229.	 	Florida Lessor - Meadowview, LLC	 	56-2398721	 	Maryland	 	FL	 	50
	230.	 	Florida Real Estate Company, LLC	 	20-1458431	 	Florida	 	—	 	51
	231.	 	Fort Stockton Property, L.L.C.	 	38-3918639	 	Delaware	 	TX	 	495
	232.	 	Fountain Associates, L.L.C.	 	36-4572016	 	Delaware	 	AZ	 	496
	233.	 	Four Fountains Aviv, L.L.C.	 	36-4601434	 	Delaware	 	IL	 	497
	234.	 	Fredericksburg South Adams Street, L.L.C.	 	27-5459311	 	Delaware	 	TX	 	498
	235.	 	Freewater Oregon, L.L.C.	 	36-2280966	 	Delaware	 	OR	 	499
	236.	 	Fullerton California, L.L.C.	 	36-4480527	 	Delaware	 	CA	 	500
	237.	 	G&L Gardens, L.L.C.	 	95-4639695	 	Arizona	 	—	 	309
	238.	 	Gardnerville Property, L.L.C.	 	37-1657201	 	Delaware	 	NV	 	501
	239.	 	Georgia Lessor - Bonterra/Parkview, LLC	 	16-1650494	 	Maryland	 	GA	 	52
	240.	 	Germantown Property, L.L.C.	 	45-4444655	 	Delaware	 	OH	 	502
	241.	 	Giltex Care, L.L.C.	 	36-4572036	 	Delaware	 	TX	 	503
	242.	 	Glendale NH Property, L.L.C.	 	61-1686455	 	Delaware	 	WI	 	504
	243.	 	Golden Hill Real Estate Company, LLC	 	71-0976967	 	California	 	—	 	324
	244.	 	Gonzales Texas Property, L.L.C.	 	32-0403901	 	Delaware	 	TX	 	505
	245.	 	Great Bend Property, L.L.C.	 	27-3971138	 	Delaware	 	KS	 	506
	246.	 	Greenbough, LLC	 	27-0258266	 	Delaware	 	MS	 	53
	247.	 	Greenville Kentucky Property, L.L.C.	 	30-0838127	 	Delaware	 	KY	 	507
	248.	 	Heritage Monterey Associates, L.L.C.	 	36-4056688	 	Illinois	 	CA	 	508
	249.	 	HHM Aviv, L.L.C.	 	32-0205746	 	Delaware	 	TX	 	509
	250.	 	Hidden Acres Property, L.L.C.	 	27-2457250	 	Delaware	 	TN	 	510


 




    	 	8	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	251.	 	Highland Leasehold, L.L.C.	 	20-2873499	 	Delaware	 	IL	 	511
	252.	 	Hobbs Associates, L.L.C.	 	36-4177337	 	Illinois	 	NM	 	512
	253.	 	Hot Springs Atrium Owner, LLC 	 	47-1359052	 	Delaware	 	AR	 	414
	254.	 	Hot Springs Aviv, L.L.C.	 	30-0470700	 	Delaware	 	AR	 	513
	255.	 	Hot Springs Cottages Owner, LLC 	 	47-1371567	 	Delaware	 	AR	 	415
	256.	 	Hot Springs Marina Owner, LLC 	 	47-1461931	 	Delaware	 	AR	 	416
	257.	 	Houston Texas Aviv, L.L.C.	 	36-4587739	 	Delaware	 	TX	 	514
	258.	 	Hutchinson Kansas, L.L.C.	 	51-0559326	 	Delaware	 	KS	 	515
	259.	 	Hutton I Land, LLC 	 	20-1914403	 	Ohio	 	—	 	57
	260.	 	Hutton II Land, LLC	 	20-1914470	 	Ohio	 	—	 	58
	261.	 	Hutton III Land, LLC	 	20-1914529	 	Ohio	 	—	 	59
	262.	 	Idaho Associates, L.L.C.	 	36-4114446	 	Illinois	 	ID	 	516
	263.	 	Illinois Missouri Properties, L.L.C.	 	35-2520792	 	Delaware	 	IL, MO	 	517
	264.	 	Indiana Lessor - Wellington Manor, LLC	 	32-0008064	 	Maryland	 	IN	 	61
	265.	 	Iowa Lincoln County Property, L.L.C.	 	45-4445450	 	Delaware	 	IA. NE	 	518
	266.	 	Jasper Springhill Street, L.L.C.	 	27-5458704	 	Delaware	 	TX	 	519
	267.	 	Kansas Five Property, L.L.C.	 	36-1647542	 	Delaware	 	KS	 	520
	268.	 	Karan Associates Two, L.L.C.	 	61-1514965	 	Delaware	 	TX	 	521
	269.	 	Karan Associates, L.L.C.	 	11-3747208	 	Delaware	 	TX	 	522
	270.	 	Karissa Court Property, L.L.C.	 	38-3923400	 	Delaware	 	TX	 	523
	271.	 	KB Northwest Associates, L.L.C.	 	36-4572025	 	Delaware	 	WA	 	524
	272.	 	Kentucky NH Properties, L.L.C.	 	61-1730147	 	Delaware	 	KY	 	525
	273.	 	Kingsville Texas, L.L.C.	 	37-1522939	 	Delaware	 	TX	 	526
	274.	 	LAD I Real Estate Company, LLC	 	20-1454154	 	Delaware	 	FL	 	63
	275.	 	Leatherman 90-1, LLC	 	20-1914625	 	Ohio	 	—	 	65
	276.	 	Leatherman Partnership 89-1, LLC	 	34-1656489	 	Ohio	 	—	 	66
	277.	 	Leatherman Partnership 89-2, LLC	 	34-1656491	 	Ohio	 	—	 	67
	278.	 	Louisville Dutchmans Property, L.L.C.	 	61-1715555	 	Delaware	 	KY	 	527
	279.	 	Magnolia Drive Property, L.L.C.	 	30-0793756	 	Delaware	 	TX	 	528
	280.	 	Manor Associates, L.L.C.	 	36-4572020	 	Delaware	 	TX	 	529
	281.	 	Mansfield Aviv, L.L.C.	 	32-0183852	 	Delaware	 	OH	 	530
	282.	 	Massachusetts Nursing Homes, L.L.C.	 	20-2873416	 	Delaware	 	MA	 	531


 




    	 	9	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	283.	 	McCarthy Street Property, L.L.C.	 	38-3855495	 	Delaware	 	PA	 	532
	284.	 	Meridian Arms Land, LLC	 	20-1914864	 	Ohio	 	—	 	73
	285.	 	Minnesota Associates, L.L.C.	 	36-4469552	 	Delaware	 	MN	 	533
	286.	 	Mishawaka Property, L.L.C.	 	36-4734067	 	Delaware	 	IN	 	534
	287.	 	Missouri Associates, L.L.C.	 	36-4572033	 	Delaware	 	MO, TX	 	535
	288.	 	Missouri Regency Associates, L.L.C.	 	36-4572031	 	Delaware	 	MO	 	536
	289.	 	Montana Associates, L.L.C.	 	36-4149849	 	Illinois	 	MT	 	537
	290.	 	Monterey Park Leasehold Mortgage, L.L.C.	 	32-0267202	 	Delaware	 	CA	 	538
	291.	 	Mount Washington Property, L.L.C.	 	45-5010153	 	Delaware	 	WI	 	539
	292.	 	Mt. Vernon Texas, L.L.C.	 	35-2270167	 	Delaware	 	TX	 	540
	293.	 	Murray County, L.L.C.	 	36-4708756	 	Delaware	 	MA, OK	 	541
	294.	 	Muscatine Toledo Properties, L.L.C.	 	36-4777497	 	Delaware	 	IA	 	542
	295.	 	N.M. Bloomfield Three Plus One Limited Company	 	74-2748292	 	New Mexico	 	—	 	543
	296.	 	N.M. Espanola Three Plus One Limited Company	 	74-2748289	 	New Mexico	 	—	 	544
	297.	 	N.M. Lordsburg Three Plus One Limited Company	 	74-2748286	 	New Mexico	 	—	 	545
	298.	 	N.M. Silver City Three Plus One Limited Company	 	74-2748283	 	New Mexico	 	—	 	546
	299.	 	New Hope Property, L.L.C.	 	61-1720871	 	Delaware	 	MN	 	547
	300.	 	Newtown ALF Property, L.L.C.	 	27-4083571	 	Delaware	 	CT	 	548
	301.	 	Nicholasville Kentucky Property, L.L.C.	 	46-5411821	 	Delaware	 	KY	 	549
	302.	 	North Las Vegas LLC	 	20-3098036	 	Delaware	 	NV	 	74
	303.	 	North Royalton Ohio Property, L.L.C.	 	37-1729308	 	Delaware	 	OH	 	550
	304.	 	Norwalk ALF Property, L.L.C.	 	27-4083805	 	Delaware	 	CT	 	551
	305.	 	NRS Ventures, L.L.C.	 	38-4236118	 	Delaware	 	FL, GA, KY, TN	 	75
	306.	 	Oakland Nursing Homes, L.L.C.	 	36-4572018	 	Delaware	 	CA	 	552
	307.	 	Ocean Springs Nursing Home, LLC	 	58-2635823	 	Mississippi	 	—	 	248
	308.	 	October Associates, L.L.C.	 	36-4572030	 	Delaware	 	TX	 	553
	309.	 	Ogden Associates, L.L.C.	 	36-4412291	 	Delaware	 	UT	 	554
	310.	 	OHI (Connecticut), LLC	 	06-1552120 	 	Connecticut	 	NH, VT, WV	 	77
	311.	 	OHI (Illinois), LLC	 	47-3264182	 	Illinois	 	IN	 	423
	312.	 	OHI (Indiana) , LLC	 	38-3568359	 	Indiana	 	OH	 	80
	313.	 	OHI (Iowa) , LLC	 	38-3377918	 	Iowa	 	MD	 	81
	314.	 	OHI AC Investments (Jersey) Ltd	 	98-1289590	 	Jersey Reg. No.: 89532	 	—	 	709


 




    	 	10	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	315.	 	OHI AC Properties (UK) Ltd	 	98-1290722	 	
        UK Reg. No:

        8796701
	 	—	 	707
	316.	 	OHI Anglia Care Ltd	 	98-1239899	 	UK Reg. No.: 01375652	 	—	 	633
	317.	 	OHI Asset (AR) Ash Flat, LLC	 	46-3670959	 	Delaware	 	AR	 	326
	318.	 	OHI Asset (AR) Camden, LLC	 	46-3672608	 	Delaware	 	AR	 	327
	319.	 	OHI Asset (AR) Conway, LLC	 	61-1721332	 	Delaware	 	AR	 	328
	320.	 	OHI Asset (AR) Des Arc, LLC	 	46-3691025	 	Delaware	 	AR	 	329
	321.	 	OHI Asset (AR) Hot Springs, LLC	 	80-0951655	 	Delaware	 	AR	 	330
	322.	 	OHI Asset (AR) Malvern, LLC	 	46-3719491	 	Delaware	 	AR	 	332
	323.	 	OHI Asset (AR) Mena, LLC	 	38-3915930	 	Delaware	 	AR	 	331
	324.	 	OHI Asset (AR) Pocahontas, LLC	 	46-3728913	 	Delaware	 	AR	 	333
	325.	 	OHI Asset (AR) Sheridan, LLC	 	46-3739623	 	Delaware	 	AR	 	334
	326.	 	OHI Asset (AR) Walnut Ridge, LLC	 	46-3751920	 	Delaware	 	AR	 	335
	327.	 	OHI Asset (AZ) Austin House, LLC	 	46-4385050	 	Delaware	 	—	 	400
	328.	 	OHI Asset (AZ) Tucson, LLC	 	35-2546755	 	Delaware	 	Arizona	 	650
	329.	 	OHI Asset (CA), LLC	 	04-3759925	 	Delaware	 	California	 	83
	330.	 	OHI Asset (CO) Brighton, LLC	 	32-0487275	 	Delaware	 	Colorado	 	666
	331.	 	OHI Asset (CO) Denver, LLC	 	36-4830303	 	Delaware	 	Colorado	 	668
	332.	 	OHI Asset (CO) Mesa, LLC	 	61-1782486	 	Delaware	 	Colorado	 	667
	333.	 	OHI Asset (CO), LLC	 	84-1706510	 	Delaware	 	CO, ID	 	84
	334.	 	OHI Asset (CT) Lender, LLC	 	75-3205111	 	Delaware	 	NH, RI, MA	 	86
	335.	 	OHI Asset (CT) Southport, LLC	 	TBD	 	Delaware	 	—	 	745
	336.	 	OHI Asset (FL) DeFuniak Springs, LLC	 	61-1825011	 	Delaware	 	Florida	 	746
	337.	 	OHI Asset (FL) Eustis, LLC	 	61-1773617	 	Delaware	 	Florida	 	646
	338.	 	OHI Asset (FL) Graceville, LLC	 	32-0515366	 	Delaware	 	Florida	 	723
	339.	 	OHI Asset (FL) Homestead, LLC	 	36-4863028	 	Delaware	 	Florida	 	747
	340.	 	OHI Asset (FL) Lake City, LLC, fka OHI Asset (FL) Pasco, LLC	 	61-1806770	 	Delaware	 	Florida	 	645
	341.	 	OHI Asset (FL) Lake Placid, LLC	 	46-3827043	 	Delaware	 	Florida	 	337
	342.	 	OHI Asset (FL) Lakeland, LLC	 	61-1800255	 	Delaware	 	Florida	 	704
	343.	 	OHI Asset (FL) Lender, LLC	 	27-4450390	 	Delaware	 	—	 	258
	344.	 	OHI Asset (FL) Lutz, LLC	 	30-0858827	 	Delaware	 	Florida	 	424
	345.	 	OHI Asset (FL) Marianna, LLC	 	32-0515394	 	Delaware	 	Florida	 	724


 




    	 	11	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	346.	 	OHI Asset (FL) Melbourne, LLC	 	32-0509945	 	Delaware	 	Florida	 	711
	347.	 	OHI Asset (FL) Middleburg, LLC	 	37-1832748	 	Delaware	 	Florida	 	712
	348.	 	OHI Asset (FL) Ormond Beach, LLC	 	36-4863276	 	Delaware	 	Florida	 	748
	349.	 	OHI Asset (FL) Pensacola - Hillview, LLC	 	36-4821441	 	Delaware	 	Florida	 	647
	350.	 	OHI Asset (FL) Pensacola, LLC 	 	35-2541006	 	Delaware	 	—	 	641
	351.	 	OHI Asset (FL) Pensacola-Nine Mile, LLC	 	61-1810659	 	Delaware	 	Florida	 	722
	352.	 	OHI Asset (FL) Port St. Joe, LLC	 	37-1846671	 	Delaware	 	Florida	 	725
	353.	 	OHI Asset (FL) Sebring, LLC	 	37-1839240	 	Delaware	 	Florida	 	716
	354.	 	OHI Asset (FL), LLC	 	13-4225158	 	Delaware	 	Florida; New Mexico	 	87
	355.	 	OHI Asset (GA) Cordele, LLC	 	35-2571948	 	Delaware	 	Georgia	 	715
	356.	 	OHI Asset (GA) Dunwoody, LLC	 	30-0869546	 	Delaware	 	Georgia	 	623
	357.	 	OHI Asset (GA) Macon, LLC	 	47-1027224	 	Delaware	 	—	 	401
	358.	 	OHI Asset (GA) Moultrie, LLC	 	46-4254981	 	Delaware	 	Georgia	 	342
	359.	 	OHI Asset (GA) Nashville, LLC	 	37-1808814	 	Delaware	 	Georgia	 	662
	360.	 	OHI Asset (GA) Roswell, LLC	 	36-4808609	 	Delaware	 	Georgia	 	624
	361.	 	OHI Asset (GA) Snellville, LLC	 	46-4259685	 	Delaware	 	Georgia	 	343
	362.	 	OHI Asset (GA) Valdosta, LLC	 	35-2556904	 	Delaware	 	Georgia	 	663
	363.	 	OHI Asset (ID) Holly, LLC	 	46-4268973	 	Delaware	 	Idaho	 	344
	364.	 	OHI Asset (ID) Midland, LLC	 	46-4279515	 	Delaware	 	Idaho	 	345
	365.	 	OHI Asset (ID), LLC	 	04-3759931	 	Delaware	 	Idaho	 	88
	366.	 	OHI Asset (IL), LLC	 	14-1951802	 	Delaware	 	Illinois	 	89
	367.	 	OHI Asset (IN) American Village, LLC	 	46-0985915	 	Delaware	 	Indiana	 	289
	368.	 	OHI Asset (IN) Anderson, LLC	 	46-0989235	 	Delaware	 	Indiana	 	292
	369.	 	OHI Asset (IN) Beech Grove, LLC	 	46-1000956	 	Delaware	 	Indiana	 	290
	370.	 	OHI Asset (IN) Clarksville, LLC	 	46-1011127	 	Delaware	 	Indiana	 	299
	371.	 	OHI Asset (IN) Clinton, LLC	 	46-4095764	 	Delaware	 	Indiana	 	338
	372.	 	OHI Asset (IN) Connersville, LLC	 	46-4289202	 	Delaware	 	Indiana	 	346
	373.	 	OHI Asset (IN) Crown Point, LLC	 	46-1738072	 	Delaware	 	Indiana	 	319
	374.	 	OHI Asset (IN) Eagle Valley, LLC	 	46-1021612	 	Delaware	 	Indiana	 	291
	375.	 	OHI Asset (IN) Elkhart, LLC	 	46-1035197	 	Delaware	 	Indiana	 	298
	376.	 	OHI Asset (IN) Forest Creek, LLC	 	46-1040435	 	Delaware	 	Indiana	 	293
	377.	 	OHI Asset (IN) Fort Wayne, LLC	 	46-1050897	 	Delaware	 	Indiana	 	295


 




    	 	12	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	378.	 	OHI Asset (IN) Franklin, LLC	 	46-1062818	 	Delaware	 	Indiana	 	294
	379.	 	OHI Asset (IN) Greensburg, LLC	 	38-3879137	 	Delaware	 	—	 	287
	380.	 	OHI Asset (IN) Indianapolis, LLC	 	36-4736441	 	Delaware	 	—	 	288
	381.	 	OHI Asset (IN) Jasper, LLC	 	46-4100999	 	Delaware	 	Indiana	 	339
	382.	 	OHI Asset (IN) Kokomo, LLC	 	46-1071289	 	Delaware	 	Indiana	 	297
	383.	 	OHI Asset (IN) Lafayette, LLC	 	46-1085161	 	Delaware	 	Indiana	 	302
	384.	 	OHI Asset (IN) Madison, LLC	 	46-1745924	 	Delaware	 	Indiana	 	318
	385.	 	OHI Asset (IN) Monticello, LLC	 	46-1090601	 	Delaware	 	Indiana	 	296
	386.	 	OHI Asset (IN) Noblesville, LLC	 	46-1103366	 	Delaware	 	Indiana	 	300
	387.	 	OHI Asset (IN) Rosewalk, LLC	 	46-1116285	 	Delaware	 	Indiana	 	301
	388.	 	OHI Asset (IN) Salem, LLC	 	46-4111473	 	Delaware	 	Indiana	 	340
	389.	 	OHI Asset (IN) Seymour, LLC	 	46-4133715	 	Delaware	 	Indiana	 	341
	390.	 	OHI Asset (IN) Spring Mill, LLC	 	46-1120573	 	Delaware	 	Indiana	 	303
	391.	 	OHI Asset (IN) Terre Haute, LLC	 	46-1140102	 	Delaware	 	Indiana	 	304
	392.	 	OHI Asset (IN) Wabash, LLC	 	38-3879151	 	Delaware	 	—	 	285
	393.	 	OHI Asset (IN) Westfield, LLC	 	32-0381277	 	Delaware	 	—	 	286
	394.	 	OHI Asset (IN) Zionsville, LLC	 	46-1152307	 	Delaware	 	Indiana	 	305
	395.	 	OHI Asset (KY) Beattyville, LLC	 	35-2582286	 	Delaware	 	Kentucky	 	726
	396.	 	OHI Asset (KY) Louisville - 1120 Cristland, LLC	 	36-4856987	 	Delaware	 	Kentucky	 	727
	397.	 	OHI Asset (KY) Louisville - 2529 Six Mile Lane, LLC	 	36-4856934	 	Delaware	 	Kentucky	 	728
	398.	 	OHI Asset (KY) Morgantown, LLC	 	38-4024471	 	Delaware	 	Kentucky	 	729
	399.	 	OHI Asset (KY) Owensboro, LLC	 	37-1847320	 	Delaware	 	Kentucky	 	730
	400.	 	OHI Asset (LA) Baton Rouge, LLC	 	37-1785874	 	Delaware	 	Louisiana	 	625
	401.	 	OHI Asset (LA), LLC	 	04-3759935	 	Delaware	 	Louisiana; Texas	 	91
	402.	 	OHI Asset (MD) Baltimore - Pall Mall, LLC	 	37-1799968	 	Delaware	 	Maryland	 	659
	403.	 	OHI Asset (MD) Baltimore - West Belvedere, LLC	 	38-3987828	 	Delaware	 	Maryland	 	658
	404.	 	OHI Asset (MD) Salisbury, LLC	 	38-3987971	 	Delaware	 	Maryland	 	660
	405.	 	OHI Asset (MD), LLC	 	45-2611748	 	Delaware	 	—	 	260
	406.	 	OHI Asset (MI) Carson City, LLC	 	61-1786671	 	Delaware	 	Michigan	 	669
	407.	 	OHI Asset (MI) Heather Hills, LLC	 	46-1515395	 	Delaware	 	MI	 	317
	408.	 	OHI Asset (MI), LLC	 	27-3378345	 	Delaware	 	—	 	257
	409.	 	OHI Asset (MO) Jackson, LLC	 	38-3992123	 	Delaware	 	Missouri	 	665


 




    	 	13	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	410.	 	OHI Asset (MO), LLC	 	04-3759939	 	Delaware	 	Missouri	 	93
	411.	 	OHI Asset (MS) Byhalia, LLC	 	46-4298734	 	Delaware	 	Mississippi	 	347
	412.	 	OHI Asset (MS) Cleveland, LLC	 	36-4774986	 	Delaware	 	Mississippi	 	348
	413.	 	OHI Asset (MS) Clinton, LLC	 	80-0965657	 	Delaware	 	Mississippi	 	349
	414.	 	OHI Asset (MS) Columbia, LLC	 	46-4340609	 	Delaware	 	Mississippi	 	350
	415.	 	OHI Asset (MS) Corinth, LLC	 	46-4351222	 	Delaware	 	Mississippi	 	351
	416.	 	OHI Asset (MS) Greenwood, LLC	 	46-4361245	 	Delaware	 	Mississippi	 	352
	417.	 	OHI Asset (MS) Grenada, LLC	 	46-4376223	 	Delaware	 	Mississippi	 	353
	418.	 	OHI Asset (MS) Holly Springs, LLC	 	38-3921178	 	Delaware	 	Mississippi	 	354
	419.	 	OHI Asset (MS) Indianola, LLC	 	90-1036275	 	Delaware	 	Mississippi	 	355
	420.	 	OHI Asset (MS) Natchez, LLC	 	46-4384987	 	Delaware	 	Mississippi	 	356
	421.	 	OHI Asset (MS) Picayune, LLC	 	90-1036523	 	Delaware	 	Mississippi	 	357
	422.	 	OHI Asset (MS) Vicksburg, LLC	 	90-1036559	 	Delaware	 	Mississippi	 	358
	423.	 	OHI Asset (MS) Yazoo City, LLC	 	38-3921461	 	Delaware	 	Mississippi	 	359
	424.	 	OHI Asset (NC) Biscoe, LLC	 	37-1816580	 	Delaware	 	North Carolina	 	678
	425.	 	OHI Asset (NC) Cornelius, LLC	 	30-0930325	 	Delaware	 	North Carolina	 	679
	426.	 	OHI Asset (NC) Drexel, LLC	 	32-0489893	 	Delaware	 	North Carolina	 	680
	427.	 	OHI Asset (NC) Fayetteville, LLC	 	30-0930685	 	Delaware	 	North Carolina	 	681
	428.	 	OHI Asset (NC) Hallsboro, LLC	 	61-1789056	 	Delaware	 	North Carolina	 	682
	429.	 	OHI Asset (NC) Marion, LLC	 	36-4833434	 	Delaware	 	North Carolina	 	683
	430.	 	OHI Asset (NC) Marshville, LLC	 	37-1820268	 	Delaware	 	North Carolina	 	684
	431.	 	OHI Asset (NC) Mocksville - 1007 Howard Street, LLC	 	37-1820636	 	Delaware	 	North Carolina	 	685
	432.	 	OHI Asset (NC) Mocksville - 1304 Madison Road, LLC	 	30-0932315	 	Delaware	 	North Carolina	 	686
	433.	 	OHI Asset (NC) Nashville, LLC	 	35-2558694	 	Delaware	 	North Carolina	 	687
	434.	 	OHI Asset (NC) Raeford, LLC	 	32-0492904	 	Delaware	 	North Carolina	 	688
	435.	 	OHI Asset (NC) Rocky Mount - 1558 S. Winstead, LLC	 	38-4001050	 	Delaware	 	North Carolina	 	689
	436.	 	OHI Asset (NC) Rocky Mount - 415 N. Winstead, LLC	 	30-0934215	 	Delaware	 	North Carolina	 	690
	437.	 	OHI Asset (NC) Salisbury, LLC	 	35-2559111	 	Delaware	 	North Carolina	 	691
	438.	 	OHI Asset (NC) Saluda, LLC	 	37-1824735	 	Delaware	 	North Carolina	 	692
	439.	 	OHI Asset (NC) Shallotte, LLC	 	37-1824797	 	Delaware	 	North Carolina	 	693
	440.	 	OHI Asset (NC) Wadesboro, LLC	 	35-2492230	 	Delaware	 	NC	 	360
	441.	 	OHI Asset (NC) Warsaw, LLC	 	Hold	 	Delaware	 	—	 	754


 




    	 	14	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	442.	 	OHI Asset (NC) Waynesville, LLC	 	32-0493579	 	Delaware	 	North Carolina	 	694
	443.	 	OHI Asset (NC) Wilmington, LLC	 	38-4001708	 	Delaware	 	North Carolina	 	695
	444.	 	OHI Asset (NC) Winston Salem, LLC	 	32-0493698	 	Delaware	 	North Carolina	 	696
	445.	 	OHI Asset (NJ) Plainsboro, LLC	 	61-1800018	 	Delaware	 	—	 	714
	446.	 	OHI Asset (NY) 2nd Avenue, LLC	 	30-0874937	 	Delaware	 	NY	 	626
	447.	 	OHI Asset (NY) 93rd Street, LLC	 	32-0470120	 	Delaware	 	NY	 	640
	448.	 	OHI Asset (OH) Huber Heights, LLC	 	36-4830903	 	Delaware	 	Ohio	 	670
	449.	 	OHI Asset (OH) Lender, LLC	 	51-0529744	 	Delaware	 	—	 	94
	450.	 	OHI Asset (OH) New London, LLC	 	36-4831126	 	Delaware	 	Ohio	 	671
	451.	 	OHI Asset (OH) Steubenville, LLC	 	30-0922159	 	Delaware	 	Ohio	 	672
	452.	 	OHI Asset (OH) Toledo, LLC	 	35-2555519	 	Delaware	 	Ohio	 	673
	453.	 	OHI Asset (OH) West Carrollton, LLC	 	35-2555884	 	Delaware	 	Ohio	 	674
	454.	 	OHI Asset (OH), LLC	 	04-3759938	 	Delaware	 	OH, PA	 	96
	455.	 	OHI Asset (OR) Portland, LLC	 	30-0805633	 	Delaware	 	OR	 	361
	456.	 	OHI Asset (OR) Troutdale, LLC	 	47-2564223	 	Delaware	 	OR	 	410
	457.	 	OHI Asset (PA) GP, LLC	 	47-2553542	 	Delaware	 	PA	 	412
	458.	 	OHI Asset (PA) West Mifflin, LP	 	30-0852028	 	Delaware	 	PA	 	411
	459.	 	OHI Asset (PA), LLC	 	90-0137715	 	Delaware	 	OH, PA, WV	 	98
	460.	 	OHI Asset (PA), LP	 	54-6643405	 	Maryland	 	OH, PA, WV	 	97
	461.	 	OHI Asset (SC) Aiken, LLC	 	46-4426281	 	Delaware	 	SC	 	362
	462.	 	OHI Asset (SC) Anderson, LLC	 	46-4455254	 	Delaware	 	SC	 	363
	463.	 	OHI Asset (SC) Easley Anne, LLC	 	46-4475177	 	Delaware	 	SC	 	364
	464.	 	OHI Asset (SC) Easley Crestview, LLC	 	46-4489507	 	Delaware	 	SC	 	365
	465.	 	OHI Asset (SC) Edgefield, LLC	 	46-4494366	 	Delaware	 	SC	 	366
	466.	 	OHI Asset (SC) Five Forks, LLC	 	35-2556486	 	Delaware	 	SC	 	657
	467.	 	OHI Asset (SC) Greenville Cottages, LLC	 	36-4848059	 	Delaware	 	 	 	717
	468.	 	OHI Asset (SC) Greenville Griffith, LLC	 	46-4510885	 	Delaware	 	SC	 	367
	469.	 	OHI Asset (SC) Greenville Laurens, LLC	 	46-4524387	 	Delaware	 	SC	 	368
	470.	 	OHI Asset (SC) Greenville North, LLC	 	46-4538349	 	Delaware	 	SC	 	369
	471.	 	OHI Asset (SC) Greenville, LLC	 	47-1053139	 	Delaware	 	—	 	402
	472.	 	OHI Asset (SC) Greer, LLC	 	46-4551649	 	Delaware	 	SC	 	370
	473.	 	OHI Asset (SC) Marietta, LLC	 	46-4569172	 	Delaware	 	SC	 	371


 




    	 	15	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	474.	 	OHI Asset (SC) McCormick, LLC	 	46-4597938	 	Delaware	 	SC	 	372
	475.	 	OHI Asset (SC) Orangeburg, LLC	 	47-1034331	 	Delaware	 	—	 	403
	476.	 	OHI Asset (SC) Pickens East Cedar, LLC	 	46-4613823	 	Delaware	 	SC	 	373
	477.	 	OHI Asset (SC) Pickens Rosemond, LLC	 	46-4629569	 	Delaware	 	SC	 	374
	478.	 	OHI Asset (SC) Piedmont, LLC	 	46-4640288	 	Delaware	 	SC	 	375
	479.	 	OHI Asset (SC) Simpsonville SE Main, LLC	 	46-4682098	 	Delaware	 	SC	 	376
	480.	 	OHI Asset (SC) Simpsonville West Broad, LLC	 	46-4695995	 	Delaware	 	SC	 	377
	481.	 	OHI Asset (SC) Simpsonville West Curtis, LLC	 	46-4712666	 	Delaware	 	SC	 	378
	482.	 	OHI Asset (TN) Bartlett, LLC	 	46-4727889	 	Delaware	 	TN	 	379
	483.	 	OHI Asset (TN) Byrdstown, LLC	 	61-1831984	 	Delaware	 	Tennessee	 	749
	484.	 	OHI Asset (TN) Cleveland, LLC	 	61-1813463	 	Delaware	 	Tennessee	 	731
	485.	 	OHI Asset (TN) Collierville, LLC	 	46-4738239	 	Delaware	 	TN	 	380
	486.	 	OHI Asset (TN) Columbia, LLC	 	32-0516808	 	Delaware	 	Tennessee	 	732
	487.	 	OHI Asset (TN) Elizabethton, LLC	 	61-1813908	 	Delaware	 	Tennessee	 	733
	488.	 	OHI Asset (TN) Erin, LLC	 	37-1854138	 	Delaware	 	Tennessee	 	750
	489.	 	OHI Asset (TN) Greeneville, LLC	 	30-0983221	 	Delaware	 	Tennessee	 	751
	490.	 	OHI Asset (TN) Harriman, LLC	 	38-4034208	 	Delaware	 	Tennessee	 	752
	491.	 	OHI Asset (TN) Jamestown, LLC	 	38-4016849	 	Delaware	 	Tennessee	 	719
	492.	 	OHI Asset (TN) Jefferson City, LLC	 	61-1750374	 	Delaware	 	TN	 	408
	493.	 	OHI Asset (TN) Memphis - 1150 Dovecrest, LLC	 	35-2583544	 	Delaware	 	Tennessee	 	734
	494.	 	OHI Asset (TN) Memphis, LLC	 	46-4750926	 	Delaware	 	TN	 	381
	495.	 	OHI Asset (TN) Monteagle, LLC	 	30-0965822	 	Delaware	 	Tennessee	 	735
	496.	 	OHI Asset (TN) Monterey, LLC	 	37-1840044	 	Delaware	 	Tennessee	 	718
	497.	 	OHI Asset (TN) Mountain City, LLC	 	32-0517221	 	Delaware	 	Tennessee	 	736
	498.	 	OHI Asset (TN) Nashville, LLC	 	38-4025804	 	Delaware	 	Tennessee	 	737
	499.	 	OHI Asset (TN) Pigeon Forge, LLC	 	32-0517505	 	Delaware	 	Tennessee	 	738
	500.	 	OHI Asset (TN) Ridgely, LLC	 	61-1833504	 	Delaware	 	Tennessee	 	753
	501.	 	OHI Asset (TN) Rockwood, LLC	 	37-1848839	 	Delaware	 	Tennessee	 	739
	502.	 	OHI Asset (TN) Rogersville - 109 Highway 70 North, LLC	 	37-1849143	 	Delaware	 	Tennessee	 	740
	503.	 	OHI Asset (TN) Rogersville, LLC	 	38-3954783	 	Delaware	 	TN	 	418
	504.	 	OHI Asset (TN) South Pittsburg, LLC	 	37-1849072	 	Delaware	 	Tennessee	 	741
	505.	 	OHI Asset (TN) Spring City, LLC	 	30-0967112	 	Delaware	 	Tennessee	 	742


 




    	 	16	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	506.	 	OHI Asset (TN) Westmoreland, LLC	 	30-0967372	 	Delaware	 	Tennessee	 	743
	507.	 	OHI Asset (TX) Anderson, LLC	 	46-4764905	 	Delaware	 	Texas	 	382
	508.	 	OHI Asset (TX) Athens, LLC	 	30-0939066	 	Delaware	 	Texas	 	653
	509.	 	OHI Asset (TX) Bryan, LLC	 	46-4781488	 	Delaware	 	Texas	 	383
	510.	 	OHI Asset (TX) Burleson, LLC	 	46-4795498	 	Delaware	 	Texas	 	384
	511.	 	OHI Asset (TX) College Station, LLC	 	46-4805289	 	Delaware	 	Texas	 	385
	512.	 	OHI Asset (TX) Comfort, LLC	 	46-4815908	 	Delaware	 	Texas	 	386
	513.	 	OHI Asset (TX) Diboll, LLC	 	46-4843528	 	Delaware	 	Texas	 	387
	514.	 	OHI Asset (TX) Eastland, LLC	 	Hold	 	Delaware	 	—	 	755
	515.	 	OHI Asset (TX) Granbury, LLC	 	46-4852513	 	Delaware	 	Texas	 	388
	516.	 	OHI Asset (TX) Hillsboro, LLC	 	TBD	 	Delaware	 	—	 	744
	517.	 	OHI Asset (TX) Hondo, LLC	 	46-1346058	 	Delaware	 	Texas	 	307
	518.	 	OHI Asset (TX) Italy, LLC	 	46-4873054	 	Delaware	 	Texas	 	389
	519.	 	OHI Asset (TX) Longview, LLC	 	61-1792814	 	Delaware	 	Texas	 	654
	520.	 	OHI Asset (TX) Schertz, LLC	 	30-0890365	 	Delaware	 	Texas	 	648
	521.	 	OHI Asset (TX) Winnsboro ALF, LLC	 	37-1827008	 	Delaware	 	Texas	 	655
	522.	 	OHI Asset (TX) Winnsboro, LLC	 	46-4881288	 	Delaware	 	Texas	 	390
	523.	 	OHI Asset (TX), LLC	 	04-3759927	 	Delaware	 	Texas	 	100
	524.	 	OHI Asset (UT) Ogden, LLC	 	46-4903181	 	Delaware	 	UT	 	391
	525.	 	OHI Asset (UT) Provo, LLC	 	46-4915063	 	Delaware	 	UT	 	392
	526.	 	OHI Asset (UT) Roy, LLC	 	46-4931511	 	Delaware	 	UT	 	393
	527.	 	OHI Asset (VA) Charlottesville - 1165 Pepsi Place, LLC	 	30-0924115	 	Delaware	 	Virginia	 	675
	528.	 	OHI Asset (VA) Charlottesville, LLC	 	46-4945417	 	Delaware	 	VA	 	394
	529.	 	OHI Asset (VA) Chesapeake, LLC	 	61-1791025	 	Delaware	 	Virginia	 	697
	530.	 	OHI Asset (VA) Farmville, LLC	 	46-4955482	 	Delaware	 	VA	 	395
	531.	 	OHI Asset (VA) Galax, LLC	 	61-1791162	 	Delaware	 	Virginia	 	698
	532.	 	OHI Asset (VA) Hillsville, LLC	 	46-4987367	 	Delaware	 	VA	 	396
	533.	 	OHI Asset (VA) Madison, LLC	 	36-4835627	 	Delaware	 	Virginia	 	699
	534.	 	OHI Asset (VA) Martinsville ALF, LLC 	 	61-1769745	 	Delaware	 	VA	 	643
	535.	 	OHI Asset (VA) Martinsville SNF, LLC 	 	37-1791389	 	Delaware	 	VA	 	644
	536.	 	OHI Asset (VA) Mechanicsville, LLC	 	38-4002156	 	Delaware	 	Virginia	 	700
	537.	 	OHI Asset (VA) Midlothian, LLC	 	37-1808599	 	Delaware	 	Virginia	 	652


 




    	 	17	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	538.	 	OHI Asset (VA) Norfolk, LLC	 	32-0494147	 	Delaware	 	Virginia	 	701
	539.	 	OHI Asset (VA) Portsmouth, LLC	 	36-4835789	 	Delaware	 	Virginia	 	702
	540.	 	OHI Asset (VA) Richmond - 2420 Pemberton Road, LLC	 	38-3993910	 	Delaware	 	Virginia	 	676
	541.	 	OHI Asset (VA) Richmond - 9101 Bon Air, LLC	 	36-4831548	 	Delaware	 	Virginia	 	677
	542.	 	OHI Asset (VA) Rocky Mount, LLC	 	46-5002710	 	Delaware	 	VA	 	397
	543.	 	OHI Asset (VA) Suffolk, LLC	 	61-1791714	 	Delaware	 	Virginia	 	703
	544.	 	OHI Asset (WA) Battle Ground, LLC	 	46-5006928	 	Delaware	 	WA	 	398
	545.	 	OHI Asset (WA) Fort Vancouver, LLC 	 	36-4817415	 	Delaware	 	Washington	 	642
	546.	 	OHI Asset (WV) Danville, LLC	 	47-1084194	 	Delaware	 	—	 	404
	547.	 	OHI Asset (WV) Ivydale, LLC	 	47-1112048	 	Delaware	 	—	 	405
	548.	 	OHI Asset CHG ALF, LLC	 	38-3945599	 	Delaware	 	Pennsylvania	 	409
	549.	 	OHI Asset C-L, LLC	 	37-1800240	 	Delaware	 	—	 	661
	550.	 	OHI Asset CSB LLC	 	27-2820083	 	Delaware	 	—	 	148
	551.	 	OHI Asset CSE-E Subsidiary, LLC	 	61-1756267	 	Delaware	 	Pennsylvania	 	419
	552.	 	OHI Asset CSE-E, LLC	 	27-1675861	 	Delaware	 	Pennsylvania	 	102
	553.	 	OHI Asset CSE-U Subsidiary, LLC	 	32-0459385	 	Delaware	 	Pennsylvania	 	420
	554.	 	OHI Asset CSE-U, LLC	 	27-1675768	 	Delaware	 	Pennsylvania	 	103
	555.	 	OHI Asset DB Collateral Agent, LLC	 	61-1774325	 	Delaware	 	—	 	651
	556.	 	OHI Asset HUD CFG, LLC	 	45-3662151	 	Delaware	 	—	 	261
	557.	 	OHI Asset HUD Delta, LLC	 	27-1895030	 	Delaware	 	—	 	105
	558.	 	OHI Asset HUD H-F, LLC	 	27-1894893	 	Delaware	 	—	 	106
	559.	 	OHI Asset HUD SF CA, LLC	 	46-1251365	 	Delaware	 	North Carolina	 	306
	560.	 	OHI Asset HUD SF, LLC	 	80-0830116	 	Delaware	 	Arizona	 	284
	561.	 	OHI Asset HUD WO, LLC	 	45-2379675	 	Delaware	 	—	 	259
	562.	 	OHI Asset II (CA), LLC	 	20-1000879	 	Delaware	 	California	 	107
	563.	 	OHI Asset II (FL), LLC	 	27-1813906	 	Delaware	 	Florida	 	108
	564.	 	OHI Asset II (PA), LP	 	84-6390330	 	Maryland	 	Pennsylvania	 	109
	565.	 	OHI Asset III (PA), LP	 	84-6390331	 	Maryland	 	Ohio, Pennsylvania	 	110
	566.	 	OHI Asset IV (PA) Silver Lake, LP	 	80-6146794	 	Maryland	 	Pennsylvania	 	111
	567.	 	OHI Asset Management, LLC	 	36-4798979	 	Delaware	 	NM, WA	 	417
	568.	 	OHI Asset RO PMM Services, LLC	 	46-4309941	 	Delaware	 	—	 	399
	569.	 	OHI Asset RO, LLC	 	90-1018980	 	Delaware	 	—	 	336


 




    	 	18	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	570.	 	OHI Asset S-A, LLC	 	30-0914357	 	Delaware	 	—	 	664
	571.	 	OHI Asset S-W, LLC	 	30-0949474	 	Delaware	 	FL, KY, TN	 	713
	572.	 	OHI Asset, LLC	 	32-0079270	 	Delaware	 	AL, NC, TN, WA	 	112
	573.	 	OHI Beaumont Park Ltd	 	98-1239627	 	UK Reg.: 03213741	 	—	 	636
	574.	 	OHI Healthcare Homes (Central) Ltd	 	98-1240172	 	UK Reg. No.: 03995046	 	—	 	635
	575.	 	OHI Healthcare Homes Ltd	 	98-1239396	 	UK Reg. No.: 05029866	 	—	 	631
	576.	 	OHI Healthcare Properties Holdco, Inc.	 	47-2148273	 	Delaware	 	—	 	406
	577.	 	OHI Healthcare Properties Limited Partnership	 	36-4796206	 	Delaware	 	Maryland	 	407
	578.	 	OHI Hillings Ltd	 	98-1239389	 	UK Reg. No.: 03995388	 	—	 	639
	579.	 	OHI Home Close Ltd	 	98-1239635	 	UK Reg. No.: 03995398	 	—	 	637
	580.	 	OHI Home Meadow Ltd	 	98-1239912	 	UK Reg. No.: 03995378	 	—	 	638
	581.	 	OHI LSC Properties (UK) Ltd	 	98-1290563	 	
        UK Reg. No:

        8449394
	 	—	 	708
	582.	 	OHI Malthouse Care Home Ltd	 	98-1293639	 	UK Reg. No.:  9960319	 	—	 	705
	583.	 	OHI Manor House (North Walsham Wood) Ltd	 	98-1239621	 	UK Reg. No: 03808976	 	—	 	632
	584.	 	OHI Mezz Lender, LLC	 	46-3201249	 	Delaware	 	—	 	325
	585.	 	OHI Olive House RCH Ltd	 	98-1240196	 	UK Reg. No.: 05599571	 	—	 	634
	586.	 	OHI Park House Care Home Ltd	 	98-1293412	 	UK Reg. No.:  9940512	 	—	 	706
	587.	 	OHI PC Investments (Jersey) Ltd	 	98-1289680	 	Jersey Reg. No.: 102713	 	—	 	710
	588.	 	OHI Pri-Med Care Homes Ltd	 	98-1239394	 	UK Reg. No.: 02939745	 	—	 	630
	589.	 	OHI Pri-Med Group Developments Ltd	 	98-1240500	 	UK Reg. No.: 02467049	 	—	 	629
	590.	 	OHI Pri-Med Group Ltd	 	98-1239392	 	UK Reg. No. 01241402	 	—	 	628
	591.	 	OHI Tennessee, LLC	 	38-3509157	 	Maryland	 	TN	 	115
	592.	 	OHI UK Healthcare Properties Ltd	 	98-1240197	 	UK Reg. No.: 09532166	 	—	 	627
	593.	 	OHI-LG Asset Management, LLC	 	32-0508562	 	Delaware	 	—	 	721
	594.	 	OHI-LG Investment, LLC	 	37-1838844	 	Delaware	 	—	 	720
	595.	 	OHIMA, LLC	 	06-1552118	 	Massachusetts	 	—	 	116
	596.	 	Ohio Aviv Three, L.L.C.	 	27-5082021	 	Delaware	 	OH	 	555
	597.	 	Ohio Aviv Two, L.L.C.	 	27-5081906	 	Delaware	 	OH	 	556
	598.	 	Ohio Aviv, L.L.C.	 	36-4597043	 	Delaware	 	OH	 	557


 




    	 	19	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	599.	 	Ohio Indiana Property, L.L.C.	 	36-4764623	 	Delaware	 	OH, IN	 	558
	600.	 	Ohio Pennsylvania Property, L.L.C.	 	32-0350654	 	Delaware	 	OH, PA	 	559
	601.	 	Oklahoma Two Property, L.L.C.	 	37-1695177	 	Delaware	 	OK	 	560
	602.	 	Oklahoma Warr Wind, L.L.C.	 	38-3886603	 	Delaware	 	OK	 	561
	603.	 	Omaha Associates, L.L.C.	 	36-4572019	 	Delaware	 	NE	 	562
	604.	 	Omega TRS I, Inc.	 	38-3587540	 	Maryland	 	LA, TX	 	118
	605.	 	Orange ALF Property, L.L.C.	 	27-4083471	 	Delaware	 	CT	 	563
	606.	 	Orange Village Care Center, LLC	 	34-1321728	 	Ohio	 	—	 	119
	607.	 	Orange, L.L.C.	 	36-4095365	 	Illinois	 	TX	 	564
	608.	 	Oregon Associates, L.L.C.	 	36-4572024	 	Delaware	 	OR	 	565
	609.	 	Oso Avenue Property, L.L.C.	 	30-0767014	 	Delaware	 	CA	 	566
	610.	 	Ostrom Avenue Property, L.L.C.	 	32-0457123	 	Delaware	 	TX	 	567
	611.	 	Palm Valley Senior Care, LLC	 	75-3153681	 	Arizona	 	—	 	310
	612.	 	Panama City Nursing Center LLC	 	20-2568041	 	Delaware	 	FL	 	121
	613.	 	Pavillion North Partners, LLC	 	47-3255261	 	Pennsylvania	 	—	 	421
	614.	 	Pavillion North, LLP	 	75-3202956	 	Pennsylvania	 	—	 	124
	615.	 	Pavillion Nursing Center North, LLC	 	47-3259540	 	Pennsylvania	 	—	 	422
	616.	 	Peabody Associates Two, L.L.C.	 	27-5346222	 	Delaware	 	KS	 	568
	617.	 	Peabody Associates, L.L.C.	 	36-4572029	 	Delaware	 	KS	 	569
	618.	 	Pennington Road Property, L.L.C.	 	36-4768380	 	Delaware	 	AR	 	570
	619.	 	Pensacola Real Estate Holdings I, LLC	 	59-3667935	 	Florida	 	—	 	249
	620.	 	Pensacola Real Estate Holdings II, LLC	 	59-3667937	 	Florida	 	—	 	250
	621.	 	Pensacola Real Estate Holdings III, LLC	 	59-3667939	 	Florida	 	—	 	251
	622.	 	Pensacola Real Estate Holdings IV, LLC	 	59-3667940	 	Florida	 	—	 	252
	623.	 	Pensacola Real Estate Holdings V, LLC	 	59-3667941	 	Florida	 	—	 	253
	624.	 	Pocatello Idaho Property, L.L.C.	 	35-2449870	 	Delaware	 	ID	 	571
	625.	 	Pomona Vista L.L.C.	 	36-4111095	 	Illinois	 	CA	 	572
	626.	 	Prescott Arkansas, L.L.C.	 	04-3835264	 	Delaware	 	AR	 	573
	627.	 	PV Realty-Clinton, LLC	 	26-4389743	 	Maryland	 	—	 	262
	628.	 	PV Realty-Holly Hill, LLC	 	74-3244463	 	Maryland	 	—	 	265
	629.	 	PV Realty-Kensington, LLC	 	26-4389837	 	Maryland	 	—	 	263
	630.	 	PV Realty-Willow Tree, LLC	 	27-0328038	 	Maryland	 	WV	 	264


 




    	 	20	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	631.	 	Raton Property Limited Company	 	36-4111094	 	New Mexico	 	—	 	574
	632.	 	Ravenna Ohio Property, L.L.C.	 	61-1692048	 	Delaware	 	OH	 	575
	633.	 	Red Rocks, L.L.C.	 	36-4192351	 	Illinois	 	NM	 	576
	634.	 	Richland Washington, L.L.C.	 	26-0081509	 	Delaware	 	WA	 	577
	635.	 	Ridgecrest Senior Care, LLC	 	20-1998988	 	Arizona	 	—	 	311
	636.	 	Riverside Nursing Home Associates Two, L.L.C.	 	27-3524946	 	Delaware	 	CA	 	578
	637.	 	Riverside Nursing Home Associates, L.L.C.	 	36-4340184	 	Delaware	 	CA	 	579
	638.	 	Rockingham Drive Property, L.L.C.	 	35-2485732	 	Delaware	 	TX	 	580
	639.	 	Rose Baldwin Park Property L.L.C.	 	36-4111092	 	Illinois	 	CA	 	581
	640.	 	S.C. Portfolio Property, L.L.C.	 	32-0457621	 	Delaware	 	SC	 	582
	641.	 	Salem Associates, L.L.C.	 	36-4572028	 	Delaware	 	IL	 	583
	642.	 	San Juan NH Property, LLC	 	11-3714511	 	Delaware	 	WA	 	584
	643.	 	Sandalwood Arkansas Property, L.L.C.	 	61-1665105	 	Delaware	 	AR	 	585
	644.	 	Santa Ana-Bartlett, L.L.C.	 	36-4212739	 	Illinois	 	CA	 	586
	645.	 	Santa Fe Missouri Associates, L.L.C.	 	36-4165126	 	Illinois	 	MO	 	587
	646.	 	Savoy/Bonham Venture, L.L.C.	 	36-4572026	 	Delaware	 	TX	 	588
	647.	 	Searcy Aviv, L.L.C.	 	38-3779442	 	Delaware	 	AR	 	589
	648.	 	Sedgwick Properties, L.L.C.	 	36-4694767	 	Delaware	 	KS	 	590
	649.	 	Seguin Texas Property, L.L.C.	 	35-2456377	 	Delaware	 	TX	 	591
	650.	 	Sierra Ponds Property, L.L.C.	 	38-3888430	 	Delaware	 	CA	 	592
	651.	 	Skyler Boyington, LLC	 	42-1572543	 	Mississippi	 	—	 	254
	652.	 	Skyler Florida, LLC	 	64-0821299	 	Mississippi	 	FL	 	255
	653.	 	Skyler Maitland LLC	 	20-3888672	 	Delaware	 	FL	 	133
	654.	 	Skyler Pensacola, LLC	 	59-3561064	 	Florida	 	—	 	256
	655.	 	Skyview Associates, L.L.C.	 	36-4572023	 	Delaware	 	ID	 	593
	656.	 	SLC Property Investors, LLC	 	32-0265175	 	Delaware	 	—	 	283
	657.	 	Southeast Missouri Property, L.L.C.	 	27-3502072	 	Delaware	 	MO	 	594
	658.	 	Southern California Nevada, L.L.C.	 	30-0705746	 	Delaware	 	CA, NV	 	595
	659.	 	St. Joseph Missouri Property, L.L.C.	 	36-4786588	 	Delaware	 	MO	 	596
	660.	 	St. Mary’s Properties, LLC	 	20-1914905	 	Ohio	 	—	 	135
	661.	 	Star City Arkansas, L.L.C.	 	43-2089308	 	Delaware	 	AR	 	597
	662.	 	STBA Properties, L.L.C.	 	37-1746483	 	Delaware	 	—	 	598


 




    	 	21	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	663.	 	Stephenville Texas Property, L.L.C.	 	46-5421870	 	Delaware	 	TX	 	599
	664.	 	Sterling Acquisition, LLC	 	38-3207992	 	Kentucky	 	AL, AR, FL, OH, TN, TX, WV	 	136
	665.	 	Stevens Avenue Property, L.L.C.	 	35-2446030	 	Delaware	 	KY	 	600
	666.	 	Sun-Mesa Properties, L.L.C.	 	36-4047650	 	Illinois	 	AZ	 	601
	667.	 	Suwanee, LLC	 	20-5223977	 	Delaware	 	FL	 	138
	668.	 	Texas Fifteen Property, L.L.C.	 	35-2437626	 	Delaware	 	TX	 	602
	669.	 	Texas Four Property, L.L.C.	 	46-5459201	 	Delaware	 	TX	 	603
	670.	 	Texas Lessor - Stonegate GP, LLC	 	32-0008071	 	Maryland	 	TX	 	139
	671.	 	Texas Lessor - Stonegate Limited, LLC	 	32-0008072	 	Maryland	 	—	 	140
	672.	 	Texas Lessor - Stonegate, LP	 	32-0008073	 	Maryland	 	TX	 	141
	673.	 	Texhoma Avenue Property, L.L.C.	 	35-2470607	 	Delaware	 	CA	 	604
	674.	 	The Suburban Pavilion, LLC	 	34-1035431	 	Ohio	 	—	 	143
	675.	 	Tujunga, L.L.C.	 	36-4389732	 	Delaware	 	CA	 	605
	676.	 	Tulare County Property, L.L.C.	 	46-5446413	 	Delaware	 	CA	 	606
	677.	 	Twinsburg Ohio Property, L.L.C.	 	37-1763327	 	Delaware	 	OH	 	607
	678.	 	VRB Aviv, L.L.C.	 	76-0802032	 	Delaware	 	CA	 	608
	679.	 	Washington Idaho Property, L.L.C.	 	61-1743318	 	Delaware	 	WA, ID	 	609
	680.	 	Washington Lessor - Silverdale, LLC	 	56-2386887	 	Maryland	 	WA	 	144
	681.	 	Washington-Oregon Associates, L.L.C.	 	36-4192347	 	Illinois	 	WA, OR	 	610
	682.	 	Watauga Associates, L.L.C.	 	36-4163268	 	Illinois	 	TX	 	611
	683.	 	Wellington Leasehold, L.L.C.	 	27-3971187	 	Delaware	 	KS	 	612
	684.	 	West Pearl Street, L.L.C.	 	81-0637081	 	Delaware	 	CA	 	613
	685.	 	West Yarmouth Property I, L.L.C.	 	46-5495346	 	Delaware	 	MA	 	614
	686.	 	West Yarmouth Property II, L.L.C.	 	46-5528008	 	Delaware	 	MA	 	615
	687.	 	Westerville Ohio Office Property, L.L.C.	 	32-0452280	 	Delaware	 	OH	 	616
	688.	 	Weston ALF Property, L.L.C.	 	46-5472581	 	Delaware	 	MA	 	617
	689.	 	Wheeler Healthcare Associates, L.L.C.	 	74-2752353	 	Texas	 	—	 	618
	690.	 	Whitlock Street Property, L.L.C.	 	32-0419832	 	Delaware	 	IN	 	619
	691.	 	Wilcare, LLC	 	26-0110550	 	Ohio	 	—	 	147
	692.	 	Willis Texas Aviv, L.L.C.	 	37-1522942	 	Delaware	 	TX	 	620
	693.	 	Yuba Aviv, L.L.C.	 	11-3750228	 	Delaware	 	VA	 	621


 




    	 	22	 



     


    

 


	 	 	Subsidiary
    Name	 	FEIN	 	Home

    State	 	Foreign
    Qualification(s)	 	Chart
    Ref.

     #
	694.	 	GCH (Queensway) Limited	 	98-1356911	 	UK Reg. No.: 05267803	 	—	 	 
	695.	 	Gold Care Holdings Limited	 	98-1356636	 	UK Reg. No.: 05162922	 	—	 	 
	696.	 	GCH (Bletchley) Ltd	 	98-1358774	 	UK Reg. No.: 07145646	 	—	 	 
	697.	 	GCH (Brackenbridge House) Ltd	 	98-1358211	 	UK Reg. No.: 07256725	 	—	 	 
	698.	 	GCH (Burrows House) Limited	 	98-1359119	 	UK Reg. No.: 08129379	 	—	 	 
	699.	 	GCH (Halcyon Days) Ltd	 	98-1359468	 	UK Reg. No.: 01841003	 	—	 	 
	700.	 	GCH (Harrow) Ltd	 	98-1361232	 	UK Reg. No.: 07256677	 	—	 	 
	701.	 	GCH (Heath Lodge) Limited	 	98-1359736	 	UK Reg. No.: 04784436	 	—	 	 
	702.	 	GCH (Hillside) Ltd	 	98-1359973	 	UK Reg. No.: 05780312	 	—	 	 
	703.	 	GCH (Kent) Ltd	 	98-1360335	 	UK Reg. No.: 06381706	 	—	 	 
	704.	 	GCH (Lucton House) Limited	 	98-1360374	 	UK Reg. No.: 08129360	 	—	 	 
	705.	 	GCH (Manor House) Limited	 	98-1360815	 	UK Reg. No.: 08129402	 	—	 	 
	706.	 	GCH (Martins House) Limited	 	98-1360971	 	UK Reg. No.: 07868202	 	—	 	 
	707.	 	GCH (Peregrine House) Limited	 	98-1361484	 	UK Reg. No.: 08129404	 	—	 	 
	708.	 	GCH (St Stephens) Ltd	 	98-1361803	 	UK Reg. No.: 07652840	 	—	 	 
	709.	 	GCH (Tudors) Limited	 	98-1361972	 	UK Reg. No.: 07961622	 	—	 	 
	710.	 	GCH (West Drayton) Ltd	 	98-1362060	 	UK Reg. No.: 07604725	 	—	 	 
	711.	 	GCH (Willowmead) Limited	 	98-1362175	 	UK Reg. No.: 02423345	 	—	 	 


 


* * *


 




    	 	23	 



     


    




 


Schedule 5.20


 


CONSOLIDATED PARTIES


 


SEE SCHEDULE 5.11


 




     


     


    

 


Schedule 7.01


 


LIENS


 


Braswell Indebtedness


 




     


     


    

 


Schedule 7.02


 


INDEBTEDNESS





 






     


     


    




 


Schedule 7.02


INDEBTEDNESS


 


UNSECURED INDEBTEDNESS


 


	Description	 	Current
    Obligor	 	Maturity
    Date	 	Interest

    Rate	 	 	Current
    Balance
 @ 4/30/2017	 
	9% Delta Subordinated Promissory Note due 2021	 	OHI Asset HUD Delta, LLC	 	12/21/2021	 	 	9.00	%	 	 	4,000,000	 
	9% Delta Subordinated Promissory Note due 2021	 	OHI Asset HUD Delta, LLC	 	12/21/2021	 	 	9.00	%	 	 	4,000,000	 
	9% Delta Subordinated Promissory Note due 2021	 	OHI Asset HUD Delta, LLC	 	12/21/2021	 	 	9.00	%	 	 	4,000,000	 
	9% Delta Subordinated Promissory Note due 2021	 	OHI Asset HUD Delta, LLC	 	12/21/2021	 	 	9.00	%	 	 	4,000,000	 
	9% Delta Subordinated Promissory Note due 2021	 	OHI Asset HUD Delta, LLC	 	12/21/2021	 	 	9.00	%	 	 	4,000,000	 



 


SECURED INDEBTEDNESS


 


	Description	 	Current
    Obligor	 	Maturity
    Date	 	Interest
    

Rate	 	 	Current
    Balance
  @ 4/30/2017	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	CFG - Arkansas Properties	 	 	 	 	 	 	 	 	 	 	 	 
	Department of Housing and Urban Development Note	 	700 Mark Drive, LLC (Southern Heritage)	 	7/1/2044	 	 	3.20	%	 	 	2,182,077	 
	Department of Housing and Urban Development Note	 	1194 North Chester Street, LLC (The Woods at Monticello)	 	7/1/2044	 	 	3.00	%	 	 	4,906,921	 
	Department of Housing and Urban Development Note	 	1149 & 1151 West New Hope Road, LLC (New Hope)	 	7/1/2044	 	 	3.00	%	 	 	4,115,796	 
	Department of Housing and Urban Development Note	 	228 Pointer Trail West, LLC (Pointer Trail)	 	7/1/2044	 	 	3.09	%	 	 	4,873,027	 
	Department of Housing and Urban Development Note	 	900 Magnolia Road SW, LLC (Pine Hills)	 	7/1/2044	 	 	3.20	%	 	 	1,809,469	 
	Department of Housing and Urban Development Note	 	1101 Waterwell Road, LLC (Pinewood)	 	7/1/2044	 	 	3.20	%	 	 	4,511,891	 
	Department of Housing and Urban Development Note	 	115 Orendorff Avenue, LLC (Apple Ridge)	 	7/1/2044	 	 	3.20	%	 	 	4,294,935	 
	Department of Housing and Urban Development Note	 	1040 Wedding Ford Road, LLC (Seven Springs)	 	7/1/2044	 	 	3.00	%	 	 	2,644,426	 
	Department of Housing and Urban Development Note	 	202 Tims Avenue, LLC (Bristol Pointe)	 	7/1/2044	 	 	3.00	%	 	 	8,597,552	 
	Department of Housing and Urban Development Note	 	1401 Park Avenue, LLC (Canyon Springs)	 	7/1/2044	 	 	3.00	%	 	 	5,613,141	 
	Department of Housing and Urban Development Note	 	3600 Richards Road, LLC (Premier)	 	7/1/2044	 	 	3.00	%	 	 	6,142,118	 
	Department of Housing and Urban Development Note	 	2701 Twin Rivers Drive, LLC (Courtyard Gardens)	 	7/1/2044	 	 	3.09	%	 	 	4,838,287	 



 






     


     


    

 


Schedule 7.03


 


INVESTMENTS


 


None


 






     


     


    

 


Schedule 7.09


 


NEGATIVE PLEDGES


 


None


 






     


     


    

 


Schedule 10.02


 


NOTICE ADDRESSES


 


Credit Parties:


 


OHI Healthcare Properties Limited Partnership


c/o Omega Healthcare Investors, Inc.


303 International Circle, Suite 200


Hunt Valley, Maryland
21030


	Attention:	Daniel J. Booth
	Telephone:	(410) 427-1724
	Facsimile:	(410) 427-8824
	Website:	www.omegahealthcare.com


 


with a copy to:


 


Arnold & Porter Kaye Scholer LLP


250
West 55th Street


New York, New York 10019-9710


	Attention:	John R. Fallon, Jr., Esq.
	Telephone:	(212) 836-8702
	 Facsimile:	(212) 836-6802


 


Administrative Agent:


 


For payments and Requests for Credit Extensions:


 


Bank of America NA


101 North Tryon Street


Mail Code: NC1-001-05-46


Charlotte, NC 28255-0001


Attention: Valerie V Gravesandy


Phone: 980-387-2469


Fax: 704-409-0169


Email: valerie.v.gravesandy@baml.com


	ABA #:	026009593
	Account No.:	1366212250600
	Reference:	Omega Healthcare Investors, Inc.


 


For all other Notices:


 


Bank of America, N.A.


Global Corporate Debt Products


100 N. Tryon Street


Mail Code: NC1-007-17-11


Charlotte, North Carolina 28255


	Attention:	Yinghua Zhang
	Telephone:	(980) 387-5915
	Facsimile:	(312) 453-2722


 




     


     


    

 


Electronic Mail: yinghua.zhang@baml.com


 


with a copy to:


 


Bank of America, N.A.


Agency Management


901 Main Street, 14th Floor


Mail Code: TX1-492-14-19


Dallas, TX 75202


	Attention:	Henry Pennell
	Telephone:	(214) 209-1226
	Facsimile:	(214) 290-9448


Electronic Mail:    henry.pennell@baml.com


 


Lenders:


 


Contact information on file with the Administrative Agent.


 




     


     


    

 


Exhibit A


 


FORM OF LOAN NOTICE


 


Date: __________, 20__


 


		To:	Bank of America, N.A., as Administrative Agent



 


		Re:	Credit Agreement (as amended, modified, supplemented and extended from time to time, the “Credit
Agreement”), dated as of May 25, 2017, by and among OHI Healthcare Properties Limited Partnership, a Delaware limited
partnership (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as Administrative Agent.
Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.



 


Ladies and Gentlemen:


 


The undersigned hereby requests (select one):


 


A Borrowing                       A continuation                       A conversion


 


of Term Loans:


 


		1.	On: _______________, 20__ (which is a Business Day).



 


		2.	In the amount of: ___________________.



 


		3.	Comprised of: ________________ (Type of Loan).



 


		4.	For Eurodollar Loans: with an Interest Period of ______________
months.



 


With respect to any Borrowing or any conversion
or continuation requested herein, the Borrower hereby represents and warrants that (i) in the case of a Borrowing of Term Loans,
such request complies with the requirements of Section 2.01(d) of the Credit Agreement, and (ii) in the case of a Borrowing
or any conversion or continuation, each of the conditions set forth in Section 2.02 of the Credit Agreement have been satisfied
on and as of the date of such Borrowing or such conversion or continuation.


 


	 	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer


 




     


     


    

 


Exhibit B


 


FORM OF TERM NOTE


 


_____________, 20__


 


FOR VALUE RECEIVED, the undersigned (the
“Borrower”), hereby promises to pay to [INSERT LENDER] or its registered assigns (the “Lender”),
in accordance with the terms and conditions of the Credit Agreement (as hereinafter defined), the principal amount of each Term
Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement (as amended, modified, supplemented
and extended from time to time, the “Credit Agreement”), dated as of May 25, 2017, by and among the Borrower,
the Lenders identified therein and Bank of America, N.A., as Administrative Agent. Capitalized terms used but not otherwise defined
herein have the meanings provided in the Credit Agreement.


 


The Borrower promises to pay interest on
the unpaid principal amount of each Term Loan from the date of such Term Loan until such principal amount is paid in full, at such
interest rates and at such times as provided in the Credit Agreement. All payments of principal and interest shall be made to the
Administrative Agent for the account of the Lender in Dollars in immediately available funds at the Administrative Agent’s
Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from
the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set
forth in the Credit Agreement.


 


This Note is one of the Notes referred
to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Note, upon written notice to the Borrower, may be declared to be, immediately
due and payable all as provided in the Credit Agreement. Term Loans made by the Lender may be evidenced by one or more loan accounts
or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse
thereon the date, amount and maturity of its Term Loans and payments with respect thereto.


 


Except as otherwise provided for in the
Credit Agreement, the Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand
and notice of protest, demand, dishonor and nonpayment of this Note.


 




     


     


    

 


THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.


 


	 	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer


 




     


     


    

 


Exhibit C


 


FORM OF COMPLIANCE CERTIFICATE


 


Financial Statement Date: __________, 20__ 


 


		To:	Bank of America, N.A., as Administrative Agent



 


		Re:	Credit Agreement (as amended, modified, supplemented and extended from time to time, the “Credit
Agreement”), dated as of May 25, 2017, by and among OHI Healthcare Properties Limited Partnership, a Delaware limited
partnership (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as Administrative Agent.
Capitalized terms used but not otherwise defined herein have the meanings provided in the Credit Agreement.



 


Ladies and Gentlemen:


 


The undersigned Responsible Officer of
the Borrower hereby certifies as of the date hereof that [he/she] is the _______________ of the Borrower, and that, in [his/her]
capacity as such, [he/she] is authorized to execute and deliver this Compliance Certificate to the Administrative Agent on the
behalf of the Borrower, and that:


 


[Use following paragraph 1 for fiscal year-end financial statements:]


 


[1.          Attached
hereto as Schedule 1 is the Form 10-K of Omega REIT as required by Section 6.01(a) of the Credit Agreement for the
fiscal year of the Borrower ended as of the above date.]


 


[Use following paragraph 1 for fiscal quarter-end financial
statements:]


 


[1.          Attached
hereto as Schedule 1 is the Form 10-Q of Omega REIT, as required by Section 6.01(b) of the Credit Agreement for the
fiscal quarter of Omega REIT ended as of the above date. Such financial statements fairly present the financial condition, results
of operations and cash flows of the Consolidated Parties in accordance with GAAP as at such date and for such period, subject only
to normal year-end audit adjustments and the absence of footnotes.]


 


2.          The
undersigned has reviewed and is familiar with the terms of the Credit Agreement and has made, or has caused to be made, a review
of the transactions and condition (financial or otherwise) of the Consolidated Parties during the accounting period covered by
the attached financial statements.


 


3.          A
review of the activities of each member of the Credit Parties during such fiscal period has been made under the supervision of
the undersigned with a view to determining whether during such fiscal period the Credit Parties have performed and observed in
all material respects all their respective Obligations under the Credit Documents, and


 


[select one:]


 


[to the best knowledge of the undersigned
Responsible Officer during such fiscal period, each of the Credit Parties has performed and observed in all material respects each
covenant and condition of the Credit Documents applicable to it.]


 


[or:]


 




     


     


    

 


[the following covenants or conditions
of the Credit Documents have not been performed or observed in all material respects and the following is a list of any Default
and its nature and status:]


 


4.          The
representations and warranties of the Credit Parties contained in the Credit Agreement, any other Credit Document or any other
certificate or document furnished at any time under or in connection with the Credit Documents, are true and correct in all material
respects on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct as of such earlier date.


 


5.          The
financial covenant analyses and information set forth on Schedule 2 hereto are true and accurate in all material respects
on and as of the date of this Compliance Certificate.


 


IN WITNESS WHEREOF, the undersigned has
executed this Compliance Certificate as of __________, 20__.


 


	 	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer


 




     


     


    

 


Exhibit D


 


FORM OF ASSIGNMENT AND ASSUMPTION


 


This Assignment and Assumption (this “Assignment
and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1
Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights
and obligations of [the Assignors][the Assignees] hereunder are several and not joint.]3
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as
amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee.
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference
and made a part of this Assignment and Assumption as if set forth herein in full.


 


For an agreed consideration, [the][each]
Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably
purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions
and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the
respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under
the Credit Agreement and any other documents or instruments delivered pursuant thereto in the amount[s] and equal to the
percentage interest[s] identified below of all the outstanding rights and obligations under the respective facilities identified
below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right
of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any
Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments
delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold
and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively
as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor
and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.


 


	 	1.	Assignor[s]:	 
	 	 	 	[Assignor [is][is not] a Defaulting Lender.]
	 	 	 	 
	 	2.	Assignee[s]:	 
	 	 	 	[for each Assignee, indicate [Affiliate][Approved Fund] of 
	 	 	 	[identify Lender]]


 





 






1
For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor,
choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.


 


2
For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee,
choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.


 


3
Include bracketed language if there are either multiple Assignors or multiple Assignees.



 




     


     


    

 


	 	3.	Borrower:	OHI Healthcare Properties Limited Partnership, a Delaware limited partnership
	 	 	 	(the “Borrower”)
	 	 	 	 
	 	4.	Administrative Agent:	Bank of America, N.A., as the Administrative Agent under the Credit Agreement
	 	 	 	 
	 	5.	Credit Agreement:	The Credit Agreement dated as of May 25, 2017, by and among the Borrower, the Lenders party thereto and Bank of America, N.A., as Administrative Agent
	 	 	 	 
	 	6.	Assigned Interest[s]:	 


 





	Assignor[s]4	 	Assignee[s]5	 	Facility
 Assigned6	 	Aggregate

    Amount of
 Commitment/Loans
 for all Lenders7	 	 	Amount of

    Commitment/ 

Loans
 Assigned	 	 	Percentage

    Assigned of
 Commitment/
 Loans8	 	 	CUSIP

     Number	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	____________	 	$	

________________	 	 	$	_________	 	 	 	____________	%	 	 	 	 
	 	 	 	 	____________	 	$	________________	 	 	$	_________	 	 	 	____________	%	 	 	 	 
	 	 	 	 	____________	 	$	________________	 	 	$	_________	 	 	 	____________	%	 	 	 	 


 





	 	[7.	Trade Date:	__________________]9
	 	 	 	 
	 	8.	Effective Date: __________________, 20__ [TO BE INSERTED
BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

















 


 





 



4
List each Assignor, as appropriate.


5
List each Assignee and, if available, its market entity identifier, as appropriate.


6
Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment
(e.g. “Term Loan Commitment”, etc.).


7
Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account
any payments or prepayments made between the Trade Date and the Effective Date.


8
Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.


9
To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade
Date.



 




     


     


    

 


The terms set forth in this Assignment and
Assumption are hereby agreed to:


 





	ASSIGNOR[S]:10	[NAME OF ASSIGNOR]	 
	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[NAME OF ASSIGNOR]	 
	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	ASSIGNEE[S]:11	[NAME OF ASSIGNEE]	 
	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	[NAME OF ASSIGNEE]	 
	 	 	 
	 	By:	 	 
	 	Name:	 
	 	Title:	 





 





 



10
Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if applicable).


 


11
Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if applicable).



 




     


     


    

 


[Consented to and]12
Accepted:


 


BANK OF AMERICA, N.A., as Administrative Agent


 





	By:	 	 
	Name:	 	 
	Title:	 	 







 


[Consented to:]13


 


OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP,


a Delaware limited partnership


 


	By: 	Omega Healthcare Investors, Inc.,	 
	 	the General Partner of such limited partnership	 
	 	 	 	 
	 	By:	 	 
	 	Name:	Daniel J. Booth	 
	 	Title:	Chief Operating Officer	 


 





 



12
To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.


13
To be added only if the consent of the Borrower and/or other parties is required by the terms of the Credit Agreement.






 




     


     


    

 


Annex 1 to Assignment and Assumption


 


STANDARD TERMS AND CONDITIONS


 


1.          Representations
and Warranties.


 


1.1.          Assignor.
[The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the relevant] Assigned
Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate
the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect
to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Credit Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral
thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated
in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates
or any other Person of any of their respective obligations under any Credit Document.


 


1.2.          Assignee.
[The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.07(b)(iii) and (v)
of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.07(b)(iii) of the Credit
Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated
with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such
type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies
of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents
and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption
and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or
any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision
to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender,
attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed
and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative
Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform
in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by
it as a Lender.


 


2.          Payments.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest
(including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued
to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective
Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of


 




     


     


    

 


interest, fees or other amounts paid or
payable in kind from and after the Effective Date to [the][the relevant] Assignee.


 


3.          General
Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together
shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy
shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption
shall be governed by, and construed in accordance with, the law of the State of New York, without regard to conflict of laws principles.


 




     


     


    

 


Exhibit
E


 


FORM OF GUARANTY JOINDER AGREEMENT


 


THIS GUARANTY JOINDER
AGREEMENT (this “Agreement”), dated as of _____________, 20__, is by and between [INSERT NEW GUARANTOR],
a [INSERT TYPE OF ORGANIZATION] (the “Subsidiary”), and BANK OF AMERICA, N. A., in its capacity
as Administrative Agent under that certain Credit Agreement (as it may be amended, modified, restated or supplemented from time
to time, the “Credit Agreement”), dated as of May 25, 2017, by and among OHI Healthcare Properties Limited Partnership
(the “Borrower”), the Lenders and Bank of America, N. A., as Administrative Agent. Capitalized terms used herein
and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.


 


The Credit Parties
are required under the provisions of Section 6.15 of the Credit Agreement to cause the Subsidiary to become a “Guarantor”.


 


Accordingly, the Subsidiary
hereby agrees as follows with the Administrative Agent, for the benefit of the Lenders:


 


1.          The
Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary will be deemed to
be a party to the Guaranty and a “Guarantor” for all purposes of the Guaranty, and shall have all of the obligations
of a Guarantor thereunder as if it had executed the Guaranty. The Subsidiary hereby ratifies, as of the date hereof, and agrees
to be bound by, all of the terms, provisions and conditions applicable to the Guarantor contained in the Guaranty. Without limiting
the generality of the foregoing terms of this paragraph 1, the Subsidiary hereby (i) jointly and severally together with any other
Guarantors, guarantees to each Lender and the Administrative Agent, the prompt payment and performance of the Obligations in full
when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the
terms thereof.


 


2.          The
address of the Subsidiary for purposes of all notices and other communications is described on Schedule 10.02 of the Credit
Agreement.


 


3.          The
Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders of the guaranty by the Subsidiary upon the execution
of this Agreement by the Subsidiary.


 


4.          This
Agreement may be executed in one or more counterparts, each of which shall constitute an original but all of which when taken together
shall constitute one contract.


 


5.          This
Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York, without regard
to conflict of laws principles.


 


IN WITNESS WHEREOF,
the Subsidiary has caused this Guaranty Joinder Agreement to be duly executed by its authorized officer, and the Administrative
Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first
above written.


 


	 	[INSERT NEW GUARANTOR]
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 


 






     


     


    

 


	 	Acknowledged and accepted:
	 	 
	 	BANK OF AMERICA, N.A.,
	 	as Administrative Agent
	 	 
	 	By:	 
	 	Name:	 
	 	Title: