Document:

Exhibit 4.6A

 

FIRST SUPPLEMENTAL INDENTURE

(Senior Notes due 2023)

 

THIS FIRST SUPPLEMENTAL
INDENTURE (this “First Supplemental Indenture”) is dated as of August 9, 2016, among OMEGA HEALTHCARE INVESTORS,
INC., a Maryland corporation (the “Issuer”), each of the entities listed on Schedule II hereto (collectively,
the “New Subsidiaries”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing
under the laws of the United States of America, as trustee (the “Trustee”).

 

W I T N E S S E T H :

 

WHEREAS,
the Issuer and each of its direct and indirect subsidiaries listed on Schedule I hereto (collectively, the “Subsidiary
Guarantors”) have heretofore executed and delivered to the Trustee an Indenture, dated as of July 12, 2016 (the “Indenture”)
providing for the issuance of the Issuer’s 4.375 % Senior Notes due 2023 (the “Notes”);

 

WHEREAS,
Section 9.01(a)(4) of the Indenture authorizes the Issuer and the Trustee, together, to amend or supplement the Indenture, without
notice to or consent of any Holder of the Notes and without the execution of such amendment or supplement by existing Subsidiary
Guarantors, for the purpose of adding any additional Subsidiary Guarantee by any additional Guarantor;

 

WHEREAS,
pursuant to Section 4.09 of the Indenture, the New Subsidiaries are required to become Subsidiary Guarantors;

 

WHEREAS,
in Section 1.01 of the Indenture, the term “Subsidiary Guarantors” is defined to include all Persons that become a
Subsidiary Guarantor by the terms of the Indenture after the Closing Date; and

 

WHEREAS,
Section 10.01 of the Indenture provides that each Subsidiary Guarantor shall be a guarantor of the Issuer’s obligations under
the Notes, subject to the terms and conditions described in the Indenture.

 

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

 

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

 

[1st Supplemental Indenture –
2023 Notes]

 

    	 	 	 

     

    

 

		2.	AMENDMENT TO GUARANTEE. The New Subsidiaries hereby agree, jointly
and severally with all other Subsidiary Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and
subject to the conditions set forth in the Indenture, and to be bound by, and to receive the benefit of, all other applicable provisions
of the Indenture as Subsidiary Guarantors. Such guarantee shall be evidenced by the New Subsidiaries’ execution of Subsidiary
Guarantees, the form of which is attached as Exhibit C to the Indenture, and shall be effective as of the date hereof.

 

		3.	NO RECOURSE AGAINST OTHERS. No past, present or future director,
officer, employee, incorporator, stockholder, member, manager or controlling person of the New Subsidiaries, as such, shall have
any liability for any obligations of the Issuer or any Subsidiary Guarantor under the Notes, any Guarantees, the Indenture or this
First Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each
Holder of the Notes, by accepting and holding a Note, waives and releases all such liability. Such waiver and release are part
of the consideration for the issuance of the Notes.

 

		4.	NEW YORK LAW TO GOVERN. The laws of the State of New York shall
govern and be used to construe this First Supplemental Indenture.

 

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

 

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

 

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

 

[Remainder of Page Intentionally Left
Blank]

 

[4th Supplemental Indenture – 2023
Notes]

 

    	 	 	 

     

    

 

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

 

		ISSUER:
	 	 
	 	OMEGA HEALTHCARE INVESTORS, INC.,
	 	a Maryland corporation
	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	 	Daniel J. Booth
	 	 	Chief Operating Officer and Secretary
	 	 	 
		NEW SUBSIDIARIES:
	 	 
	 	ON BEHALF OF EACH OF THE NEW SUBSIDIARIES LISTED ON SCHEDULE II
	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	 	Daniel J. Booth
	 	 	Chief Operating Officer and Secretary

 

[Signatures continued on the following page]

 

[Signature Page – 1st Supplemental
Indenture – 2023 Notes]

 

    	 	 	 

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as Trustee
	 	 	 	 
	 	By:	/s/ David Ferrell
	 	 	Name:	David Ferrell
	 	 	Title:	Vice President

 

[Signature Page – 1st Supplemental
Indenture – 2023 Notes]

 

    	 	 	 

     

    

 

Schedule I

 

SUBSIDIARY GUARANTORS

 

	1.	11900 East Artesia Boulevard, LLC
	2.	1200 Ely Street Holdings Co. LLC
	3.	13922 Cerise Avenue, LLC
	4.	1628 B Street, LLC
	5.	2400 Parkside Drive, LLC
	6.	2425 Teller Avenue, LLC
	7.	245 East Wilshire Avenue, LLC
	8.	3232 Artesia Real Estate, LLC
	9.	3806 Clayton Road, LLC
	10.	42235 County Road Holdings Co. LLC
	11.	446 Sycamore Road, L.L.C.
	12.	48 High Point Road, LLC
	13.	523 Hayes Lane, LLC
	14.	637 East Romie Lane, LLC
	15.	Alamogordo Aviv, L.L.C.
	16.	Albany Street Property, L.L.C.
	17.	Arizona Lessor - Infinia, LLC
	18.	Arkansas Aviv, L.L.C.
	19.	Arma Yates, L.L.C.
	20.	Avery Street Property, L.L.C
	21.	Aviv Asset Management, L.L.C.
	22.	Aviv Financing I, L.L.C.
	23.	Aviv Financing II, L.L.C.
	24.	Aviv Financing III, L.L.C.
	25.	Aviv Financing IV, L.L.C.
	26.	Aviv Financing V, L.L.C.
	27.	Aviv Foothills, L.L.C.
	28.	Aviv Healthcare Capital Corporation
	29.	Aviv Healthcare Properties Operating Partnership I, L.P.
	30.	Aviv Liberty, L.L.C.
	31.	Avon Ohio, L.L.C.
	32.	Bala Cynwyd Real Estate, LP
	33.	Bayside Colorado Healthcare Associates, LLC
	34.	Bayside Street II, LLC
	35.	Bayside Street, LLC (f/k/a Bayside Street, Inc.)
	36.	Belleville Illinois, L.L.C.
	37.	Bellingham II Associates, L.L.C.
	38.	Bethel ALF Property, L.L.C.
	39.	BHG Aviv, L.L.C.
	40.	Biglerville Road, L.L.C.
	41.	Bonham Texas, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	42.	Bradenton ALF Property, L.L.C.
	43.	Burton NH Property, L.L.C.
	44.	California Aviv Two, L.L.C.
	45.	California Aviv, L.L.C.
	46.	Camas Associates, L.L.C.
	47.	Canton Health Care Land, LLC (f/k/a Canton Health Care Land, Inc.)
	48.	Carnegie Gardens LLC
	49.	Casa/Sierra California Associates, L.L.C.
	50.	CFG 2115 Woodstock Place LLC
	51.	Champaign Williamson Franklin, L.L.C.
	52.	Chardon Ohio Property Holdings, L.L.C.
	53.	Chardon Ohio Property, L.L.C.
	54.	Chatham Aviv, L.L.C.
	55.	Chippewa Valley, L.L.C.
	56.	CHR Bartow LLC
	57.	CHR Boca Raton  LLC
	58.	CHR Bradenton LLC
	59.	CHR Cape Coral LLC
	60.	CHR Fort Myers LLC
	61.	CHR Fort Walton Beach LLC
	62.	CHR Lake Wales LLC
	63.	CHR Lakeland LLC
	64.	CHR Pompano Beach Broward LLC
	65.	CHR Pompano Beach LLC
	66.	CHR Sanford LLC
	67.	CHR Spring Hill LLC
	68.	CHR St. Pete Bay LLC
	69.	CHR St. Pete Egret LLC
	70.	CHR Tampa Carrollwood LLC
	71.	CHR Tampa LLC
	72.	CHR Tarpon Springs LLC
	73.	CHR Titusville LLC
	74.	Clarkston Care, L.L.C.
	75.	Clayton Associates, L.L.C.
	76.	Colonial Gardens, LLC
	77.	Colonial Madison Associates, L.L.C.
	78.	Colorado Lessor - Conifer, LLC
	79.	Columbus Texas Aviv, L.L.C.
	80.	Columbus Western Avenue, L.L.C.
	81.	Colville Washington Property, L.L.C.
	82.	Commerce Nursing Homes, L.L.C.
	83.	Commerce Sterling Hart Drive, L.L.C.
	84.	Conroe Rigby Owen Road, L.L.C.
	85.	CR Aviv, L.L.C.
	86.	Crete Plus Five Property, L.L.C.
	87.	Crooked River Road, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	88.	CSE Albany LLC
	89.	CSE Amarillo LLC
	90.	CSE Arden L.P.
	91.	CSE Augusta LLC
	92.	CSE Bedford LLC
	93.	CSE Blountville LLC
	94.	CSE Bolivar LLC
	95.	CSE Cambridge LLC
	96.	CSE Cambridge Realty LLC
	97.	CSE Camden LLC
	98.	CSE Canton LLC
	99.	CSE Casablanca Holdings II LLC
	100.	CSE Casablanca Holdings LLC
	101.	CSE Cedar Rapids LLC
	102.	CSE Centennial Village, LP
	103.	CSE Chelmsford LLC
	104.	CSE Chesterton LLC
	105.	CSE Claremont LLC
	106.	CSE Corpus North LLC
	107.	CSE Denver Iliff LLC
	108.	CSE Denver LLC
	109.	CSE Douglas LLC
	110.	CSE Elkton LLC
	111.	CSE Elkton Realty LLC
	112.	CSE Fairhaven LLC
	113.	CSE Fort Wayne LLC
	114.	CSE Frankston LLC
	115.	CSE Georgetown LLC
	116.	CSE Green Bay LLC
	117.	CSE Hilliard LLC
	118.	CSE Huntingdon LLC
	119.	CSE Huntsville LLC
	120.	CSE Indianapolis-Continental LLC
	121.	CSE Indianapolis-Greenbriar LLC
	122.	CSE Jacinto City LLC
	123.	CSE Jefferson City LLC
	124.	CSE Jeffersonville-Hillcrest Center LLC
	125.	CSE Jeffersonville-Jennings House LLC
	126.	CSE Kerrville LLC
	127.	CSE King L.P.
	128.	CSE Kingsport LLC
	129.	CSE Knightdale L.P.
	130.	CSE Lake City LLC
	131.	CSE Lake Worth LLC
	132.	CSE Lakewood LLC
	133.	CSE Las Vegas LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	134.	CSE Lawrenceburg LLC
	135.	CSE Lenoir L.P.
	136.	CSE Lexington Park LLC
	137.	CSE Lexington Park Realty LLC
	138.	CSE Ligonier LLC
	139.	CSE Live Oak LLC
	140.	CSE Lowell LLC
	141.	CSE Marianna Holdings LLC
	142.	CSE Memphis LLC
	143.	CSE Mobile LLC
	144.	CSE Moore LLC
	145.	CSE North Carolina Holdings I LLC
	146.	CSE North Carolina Holdings II LLC
	147.	CSE Omro LLC
	148.	CSE Orange Park LLC
	149.	CSE Orlando-Pinar Terrace Manor LLC
	150.	CSE Orlando-Terra Vista Rehab LLC
	151.	CSE Pennsylvania Holdings, LP
	152.	CSE Piggott LLC
	153.	CSE Pilot Point LLC
	154.	CSE Pine View LLC
	155.	CSE Ponca City LLC
	156.	CSE Port St. Lucie LLC
	157.	CSE Richmond LLC
	158.	CSE Ripley LLC
	159.	CSE Ripon LLC
	160.	CSE Safford LLC
	161.	CSE Salina LLC
	162.	CSE Seminole LLC
	163.	CSE Shawnee LLC
	164.	CSE Spring Branch LLC
	165.	CSE Stillwater LLC
	166.	CSE Taylorsville LLC
	167.	CSE Texarkana LLC
	168.	CSE Texas City LLC
	169.	CSE The Village LLC
	170.	CSE Upland LLC
	171.	CSE Walnut Cove L.P.
	172.	CSE West Point LLC
	173.	CSE Whitehouse LLC
	174.	CSE Williamsport LLC
	175.	CSE Winter Haven LLC
	176.	CSE Woodfin L.P.
	177.	CSE Yorktown LLC
	178.	Cuyahoga Falls Property, L.L.C.
	179.	Dallas Two Property, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	180.	Danbury ALF Property, L.L.C.
	181.	Darien ALF Property, L.L.C.
	182.	Delta Investors I, LLC
	183.	Delta Investors II, LLC
	184.	Denison Texas, L.L.C.
	185.	Desert Lane LLC
	186.	Dixie White House Nursing Home, LLC (f/k/a Dixie White House Nursing Home, Inc.)
	187.	Dixon Health Care Center, LLC (f/k/a Dixon Health Care Center, Inc.)
	188.	East Rollins Street, L.L.C.
	189.	Edgewood Drive Property, L.L.C.
	190.	Effingham Associates, L.L.C.
	191.	Elite Mattoon, L.L.C.
	192.	Elite Yorkville, L.L.C.
	193.	Encanto Senior Care, LLC
	194.	Falcon Four Property Holding, L.L.C.
	195.	Falcon Four Property, L.L.C.
	196.	Falfurrias Texas, L.L.C.
	197.	Florida ALF Properties, L.L.C.
	198.	Florida Four Properties, L.L.C.
	199.	Florida Lessor – Meadowview, LLC
	200.	Florida Real Estate Company, LLC
	201.	Fort Stockton Property, L.L.C.
	202.	Four Fountains Aviv, L.L.C.
	203.	Fredericksburg South Adams Street, L.L.C.
	204.	Freewater Oregon, L.L.C.
	205.	Fullerton California, L.L.C.
	206.	G&L Gardens, LLC
	207.	Gardnerville Property, L.L.C.
	208.	Georgia Lessor - Bonterra/Parkview, LLC
	209.	Germantown Property, L.L.C.
	210.	Giltex Care, L.L.C.
	211.	Glendale NH Property, L.L.C.
	212.	Golden Hill Real Estate Company, LLC
	213.	Gonzales Texas Property, L.L.C.
	214.	Great Bend Property, L.L.C.
	215.	Greenbough, LLC
	216.	Greenville Kentucky Property, L.L.C.
	217.	Heritage Monterey Associates, L.L.C.
	218.	HHM Aviv, L.L.C.
	219.	Hidden Acres Property, L.L.C.
	220.	Highland Leasehold, L.L.C.
	221.	Hobbs Associates, L.L.C.
	222.	Hot Springs Atrium Owner, LLC
	223.	Hot Springs Aviv, L.L.C.
	224.	Hot Springs Cottages Owner, LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	225.	Hot Springs Marina Owner, LLC
	226.	Houston Texas Aviv, L.L.C.
	227.	Hutchinson Kansas, L.L.C.
	228.	Hutton I Land, LLC (f/k/a Hutton I Land, Inc.)
	229.	Hutton II Land, LLC (f/k/a Hutton II Land, Inc.)
	230.	Hutton III Land, LLC (f/k/a Hutton III Land, Inc.)
	231.	Idaho Associates, L.L.C.
	232.	Illinois Missouri Properties, L.L.C.
	233.	Indiana Lessor – Wellington Manor, LLC
	234.	Iowa Lincoln County Property, L.L.C.
	235.	Jasper Springhill Street, L.L.C.
	236.	Kansas Five Property, L.L.C.
	237.	Karan Associates Two, L.L.C.
	238.	Karan Associates, L.L.C.
	239.	Karissa Court Property, L.L.C.
	240.	KB Northwest Associates, L.L.C.
	241.	Kentucky NH Properties, L.L.C.
	242.	Kingsville Texas, L.L.C.
	243.	LAD I Real Estate Company, LLC
	244.	Leatherman 90-1, LLC (f/k/a Leatherman 90-1, Inc.)
	245.	Leatherman Partnership 89-1, LLC (f/k/a Leatherman Partnership 89-1, Inc.)
	246.	Leatherman Partnership 89-2, LLC (f/k/a Leatherman Partnership 89-2, Inc.)
	247.	Louisville Dutchmans Property, L.L.C.
	248.	Magnolia Drive Property, L.L.C.
	249.	Manor Associates, L.L.C.
	250.	Mansfield Aviv, L.L.C.
	251.	Massachusetts Nursing Homes, L.L.C.
	252.	McCarthy Street Property, L.L.C.
	253.	Meridian Arms Land, LLC (f/k/a Meridian Arms Land, Inc.)
	254.	Minnesota Associates, L.L.C.
	255.	Mishawaka Property, L.L.C.
	256.	Missouri Associates, L.L.C.
	257.	Missouri Regency Associates, L.L.C.
	258.	Montana Associates, L.L.C.
	259.	Monterey Park Leasehold Mortgage, L.L.C.
	260.	Mount Washington Property, L.L.C.
	261.	Mt. Vernon Texas, L.L.C.
	262.	Murray County, L.L.C.
	263.	Muscatine Toledo Properties, L.L.C.
	264.	N.M. Bloomfield Three Plus One Limited Company
	265.	N.M. Espanola Three Plus One Limited Company
	266.	N.M. Lordsburg Three Plus One Limited Company
	267.	N.M. Silver City Three Plus One Limited Company
	268.	New Hope Property, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	269.	Newtown ALF Property, L.L.C.
	270.	Nicholasville Kentucky Property, L.L.C.
	271.	North Las Vegas LLC
	272.	North Royalton Ohio Property, L.L.C.
	273.	Norwalk ALF Property, L.L.C.
	274.	NRS Ventures, L.L.C.
	275.	Oakland Nursing Homes, L.L.C.
	276.	Ocean Springs Nursing Home, LLC (f/k/a Ocean Springs Nursing Home, Inc.)
	277.	October Associates, L.L.C.
	278.	Ogden Associates, L.L.C.
	279.	OHI (Connecticut), LLC
	280.	OHI (Illinois), LLC(f/k/a OHI (Illinois), Inc.)
	281.	OHI (Indiana), LLC
	282.	OHI (Iowa), LLC(f/k/a OHI (Iowa), Inc.)
	283.	OHI Asset (AR) Ash Flat, LLC
	284.	OHI Asset (AR) Camden, LLC
	285.	OHI Asset (AR) Conway, LLC
	286.	OHI Asset (AR) Des Arc, LLC
	287.	OHI Asset (AR) Hot Springs, LLC
	288.	OHI Asset (AR) Malvern, LLC
	289.	OHI Asset (AR) Mena, LLC
	290.	OHI Asset (AR) Pocahontas, LLC
	291.	OHI Asset (AR) Sheridan, LLC
	292.	OHI Asset (AR) Walnut Ridge, LLC
	293.	OHI Asset (AZ) Austin House, LLC
	294.	OHI Asset (CA), LLC
	295.	OHI Asset (CO), LLC
	296.	OHI Asset (CT) Lender, LLC
	297.	OHI Asset (FL) Eustis, LLC
	298.	OHI Asset (FL) Lake Placid, LLC
	299.	OHI Asset (FL) Lender, LLC
	300.	OHI Asset (FL) Lutz, LLC
	301.	OHI Asset (FL), LLC
	302.	OHI Asset (FL) Pensacola - Hillview, LLC
	303.	OHI Asset (FL) Pensacola, LLC
	304.	OHI Asset (GA) Dunwoody, LLC
	305.	OHI Asset (GA) Macon, LLC
	306.	OHI Asset (GA) Moultrie, LLC
	307.	OHI Asset (GA) Nashville, LLC 
	308.	OHI Asset (GA) Roswell, LLC
	309.	OHI Asset (GA) Snellville, LLC
	310.	OHI Asset (GA) Valdosta, LLC
	311.	OHI Asset (ID) Holly, LLC
	312.	OHI Asset (ID) Midland, LLC
	313.	OHI Asset (ID), LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	314.	OHI Asset (IL), LLC
	315.	OHI Asset (IN) American Village, LLC
	316.	OHI Asset (IN) Anderson, LLC
	317.	OHI Asset (IN) Beech Grove, LLC
	318.	OHI Asset (IN) Clarksville, LLC
	319.	OHI Asset (IN) Clinton, LLC
	320.	OHI Asset (IN) Connersville, LLC
	321.	OHI Asset (IN) Crown Point, LLC
	322.	OHI Asset (IN) Eagle Valley, LLC
	323.	OHI Asset (IN) Elkhart, LLC
	324.	OHI Asset (IN) Forest Creek, LLC
	325.	OHI Asset (IN) Fort Wayne, LLC
	326.	OHI Asset (IN) Franklin, LLC
	327.	OHI Asset (IN) Greensburg, LLC
	328.	OHI Asset (IN) Indianapolis, LLC
	329.	OHI Asset (IN) Jasper, LLC
	330.	OHI Asset (IN) Kokomo, LLC
	331.	OHI Asset (IN) Lafayette, LLC
	332.	OHI Asset (IN) Madison, LLC
	333.	OHI Asset (IN) Monticello, LLC
	334.	OHI Asset (IN) Noblesville, LLC
	335.	OHI Asset (IN) Rosewalk, LLC
	336.	OHI Asset (IN) Salem, LLC
	337.	OHI Asset (IN) Seymour, LLC
	338.	OHI Asset (IN) Spring Mill, LLC
	339.	OHI Asset (IN) Terre Haute, LLC
	340.	OHI Asset (IN) Wabash, LLC
	341.	OHI Asset (IN) Westfield, LLC
	342.	OHI Asset (IN) Zionsville, LLC
	343.	OHI Asset (LA) Baton Rouge, LLC
	344.	OHI Asset (LA), LLC
	345.	OHI Asset (MD), LLC
	346.	OHI Asset (MD) Baltimore - Pall Mall, LLC
	347.	OHI Asset (MD) Baltimore - West Belvedere, LLC
	348.	OHI Asset (MD) Salisbury, LLC
	349.	OHI Asset (MI) Heather Hills, LLC
	350.	OHI Asset (MI), LLC
	351.	OHI Asset (MI) Carson City, LLC
	352.	OHI Asset (MO), LLC
	353.	OHI Asset (MS) Byhalia, LLC
	354.	OHI Asset (MS) Cleveland, LLC
	355.	OHI Asset (MS) Clinton, LLC
	356.	OHI Asset (MS) Columbia, LLC
	357.	OHI Asset (MS) Corinth, LLC
	358.	OHI Asset (MS) Greenwood, LLC
	359.	OHI Asset (MS) Grenada, LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	360.	OHI Asset (MS) Holly Springs, LLC
	361.	OHI Asset (MS) Indianola, LLC
	362.	OHI Asset (MS) Natchez, LLC
	363.	OHI Asset (MS) Picayune, LLC
	364.	OHI Asset (MS) Vicksburg, LLC
	365.	OHI Asset (MS) Yazoo City, LLC
	366.	OHI Asset (NC) Biscoe, LLC
	367.	OHI Asset (NC) Cornelius, LLC
	368.	OHI Asset (NC) Drexel, LLC
	369.	OHI Asset (NC) Fayetteville, LLC
	370.	OHI Asset (NC) Hallsboro, LLC
	371.	OHI Asset (NC) Marion, LLC
	372.	OHI Asset (NC) Marshville, LLC
	373.	OHI Asset (NC) Mocksville – 1007 Howard Street, LLC
	374.	OHI Asset (NC) Mocksville – 1304 Madison Road, LLC
	375.	OHI Asset (NC) Nashville, LLC OHI Asset (NC) Raeford, LLC
	376.	OHI Asset (NC) Rocky Mount – 1558 S. Winstead, LLC
	377.	OHI Asset (NC) Rocky Mount – 415 N. Winstead, LLC
	378.	OHI Asset (NC) Salisbury, LLC
	379.	OHI Asset (NC) Saluda, LLC
	380.	OHI Asset (NC) Shallotte, LLC
	381.	OHI Asset (NC) Wadesboro, LLC
	382.	OHI Asset (NC) Waynesville, LLC 
	383.	OHI Asset (NC) Wilmington, LLC 
	384.	OHI Asset (NC) Winston Salem, LLC
	385.	OHI Asset (NY) 2nd Avenue, LLC
	386.	OHI Asset (NY) 93rd Street, LLC
	387.	OHI Asset (OH) Huber Heights, LLC
	388.	OHI Asset (OH) Lender, LLC
	389.	OHI Asset (OH), LLC
	390.	OHI Asset (OH) New London, LLC
	391.	OHI Asset (OR) Portland, LLC
	392.	OHI Asset (OH) Steubenville, LLC
	393.	OHI Asset (OH) Toledo, LLC
	394.	OHI Asset (OR) Troutdale, LLC
	395.	OHI Asset (OH) West Carrollton, LLC
	396.	OHI Asset (PA) GP, LLC
	397.	OHI Asset (PA) West Mifflin, LP
	398.	OHI Asset (PA), LLC
	399.	OHI Asset (PA), LP
	400.	OHI Asset (SC) Aiken, LLC
	401.	OHI Asset (SC) Anderson, LLC
	402.	OHI Asset (SC) Easley Anne, LLC
	403.	OHI Asset (SC) Easley Crestview, LLC
	404.	OHI Asset (SC) Edgefield, LLC
	405.	OHI Asset (SC) Greenville Griffith, LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	406.	OHI Asset (SC) Greenville Laurens, LLC
	407.	OHI Asset (SC) Greenville North, LLC
	408.	OHI Asset (SC) Greenville, LLC
	409.	OHI Asset (SC) Greer, LLC
	410.	OHI Asset (SC) Marietta, LLC
	411.	OHI Asset (SC) McCormick, LLC
	412.	OHI Asset (SC) Orangeburg, LLC
	413.	OHI Asset (SC) Pickens East Cedar, LLC
	414.	OHI Asset (SC) Pickens Rosemond, LLC
	415.	OHI Asset (SC) Piedmont, LLC
	416.	OHI Asset (SC) Simpsonville SE Main, LLC
	417.	OHI Asset (SC) Simpsonville West Broad, LLC
	418.	OHI Asset (SC) Simpsonville West Curtis, LLC
	419.	OHI Asset (TN) Bartlett, LLC
	420.	OHI Asset (TN) Collierville, LLC
	421.	OHI Asset (TN) Jefferson City, LLC
	422.	OHI Asset (TN) Memphis, LLC
	423.	OHI Asset (TN) Rogersville, LLC
	424.	OHI Asset (TX) Anderson, LLC
	425.	OHI Asset (TX) Bryan, LLC
	426.	OHI Asset (TX) Burleson, LLC
	427.	OHI Asset (TX) College Station, LLC
	428.	OHI Asset (TX) Comfort, LLC
	429.	OHI Asset (TX) Diboll, LLC
	430.	OHI Asset (TX) Granbury, LLC
	431.	OHI Asset (TX) Hondo, LLC
	432.	OHI Asset (TX) Italy, LLC
	433.	OHI Asset (TX) Schertz, LLC
	434.	OHI Asset (TX) Winnsboro, LLC
	435.	OHI Asset (TX), LLC
	436.	OHI Asset (UT) Ogden, LLC
	437.	OHI Asset (UT) Provo, LLC
	438.	OHI Asset (UT) Roy, LLC
	439.	OHI Asset (VA) Charlottesville - 1165 Pepsi Place, LLC
	440.	OHI Asset (VA) Charlottesville, LLC
	441.	OHI Asset (VA) Chesapeake, LLC 
	442.	OHI Asset (VA) Farmville, LLC
	443.	OHI Asset (VA) Galax, LLC 
	444.	OHI Asset (VA) Hillsville, LLC
	445.	OHI Asset (VA) Madison, LLC 
	446.	OHI Asset (VA) Martinsville SNF, LLC
	447.	OHI Asset (VA) Mechanicsville, LLC
	448.	OHI Asset (VA) Norfolk, LLC
	449.	OHI Asset (VA) Portsmouth, LLC
	450.	OHI Asset (VA) Richmond - 2420 Pemberton Road, LLC
	451.	OHI Asset (VA) Richmond - 9101 Bon Air, LLC

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	452.	OHI Asset (VA) Rocky Mount, LLC
	453.	OHI Asset (VA) Suffolk, LLC
	454.	OHI Asset (WA) Battle Ground, LLC
	455.	OHI Asset (WA) Fort Vancouver, LLC
	456.	OHI Asset (WV) Danville, LLC
	457.	OHI Asset (WV) Ivydale, LLC
	458.	OHI Asset CHG ALF, LLC
	459.	OHI Asset CSB LLC
	460.	OHI Asset CSE – E, LLC
	461.	OHI Asset CSE – U, LLC
	462.	OHI Asset CSE–E Subsidiary, LLC
	463.	OHI Asset CSE–U Subsidiary, LLC
	464.	OHI Asset HUD CFG, LLC
	465.	OHI Asset HUD Delta, LLC
	466.	OHI Asset HUD H-F, LLC
	467.	OHI Asset HUD SF CA, LLC
	468.	OHI Asset HUD SF, LLC
	469.	OHI Asset HUD WO, LLC
	470.	OHI Asset II (CA), LLC
	471.	OHI Asset II (FL), LLC
	472.	OHI Asset II (PA), LP
	473.	OHI Asset III (PA), LP
	474.	OHI Asset IV (PA) Silver Lake, LP
	475.	OHI Asset Management, LLC
	476.	OHI Asset RO PMM Services, LLC
	477.	OHI Asset RO, LLC
	478.	OHI Asset, LLC
	479.	OHI Healthcare Properties Holdco, Inc.
	480.	OHI Healthcare Properties Limited Partnership
	481.	OHI Mezz Lender, LLC
	482.	OHI Tennessee, LLC (f/k/a OHI Tennessee, Inc.)
	483.	OHIMA, LLC (f/k/a OHIMA, Inc.)
	484.	Ohio Aviv Three, L.L.C.
	485.	Ohio Aviv Two, L.L.C.
	486.	Ohio Aviv, L.L.C.
	487.	Ohio Indiana Property, L.L.C.
	488.	Ohio Pennsylvania Property, L.L.C.
	489.	Oklahoma Two Property, L.L.C.
	490.	Oklahoma Warr Wind, L.L.C.
	491.	Omaha Associates, L.L.C.
	492.	Omega TRS I, Inc.
	493.	Orange ALF Property, L.L.C.
	494.	Orange Village Care Center, LLC (f/k/a Orange Village Care Center, Inc.)
	495.	Orange, L.L.C.
	496.	Oregon Associates, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	497.	Oso Avenue Property, L.L.C.
	498.	Ostrom Avenue Property, L.L.C.
	499.	Palm Valley Senior Care, LLC
	500.	Panama City Nursing Center LLC
	501.	Pavillion North Partners, LLC
	502.	Pavillion North, LLP
	503.	Pavillion Nursing Center North, LLC
	504.	Peabody Associates Two, L.L.C.
	505.	Peabody Associates, L.L.C.
	506.	Pennington Road Property, L.L.C.
	507.	Pensacola Real Estate Holdings I, LLC (f/k/a Pensacola Real Estate Holdings I, Inc.)
	508.	Pensacola Real Estate Holdings II, LLC (f/k/a Pensacola Real Estate Holdings II, Inc.)
	509.	Pensacola Real Estate Holdings III, LLC (f/k/a Pensacola Real Estate Holdings III, Inc.)
	510.	Pensacola Real Estate Holdings IV, LLC (f/k/a Pensacola Real Estate Holdings IV, Inc.)
	511.	Pensacola Real Estate Holdings V, LLC (f/k/a Pensacola Real Estate Holdings V, Inc.)
	512.	Pocatello Idaho Property, L.L.C.
	513.	Pomona Vista L.L.C.
	514.	Prescott Arkansas, L.L.C.
	515.	PV Realty-Clinton, LLC
	516.	PV Realty-Kensington, LLC
	517.	PV Realty–Willow Tree, LLC
	518.	Raton Property Limited Company
	519.	Ravenna Ohio Property, L.L.C.
	520.	Red Rocks, L.L.C.
	521.	Richland Washington, L.L.C.
	522.	Ridgecrest Senior Care, LLC
	523.	Riverside Nursing Home Associates Two, L.L.C.
	524.	Riverside Nursing Home Associates, L.L.C.
	525.	Rockingham Drive Property, L.L.C.
	526.	Rose Baldwin Park Property L.L.C.
	527.	S.C. Portfolio Property, L.L.C.
	528.	Salem Associates, L.L.C.
	529.	San Juan NH Property, LLC
	530.	Sandalwood Arkansas Property, L.L.C.
	531.	Santa Ana-Bartlett, L.L.C.
	532.	Santa Fe Missouri Associates, L.L.C.
	533.	Savoy/Bonham Venture, L.L.C.
	534.	Searcy Aviv, L.L.C.
	535.	Sedgwick Properties, L.L.C.
	536.	Seguin Texas Property, L.L.C.
	537.	Sierra Ponds Property, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

	538.	Skyler Boyington, LLC (f/k/a Skyler Boyington, Inc.)
	539.	Skyler Florida, LLC (f/k/a Skyler Florida, Inc.)
	540.	Skyler Maitland LLC
	541.	Skyler Pensacola, LLC (f/k/a Skyler Pensacola, Inc.)
	542.	Skyview Associates, L.L.C.
	543.	Southeast Missouri Property, L.L.C.
	544.	Southern California Nevada, L.L.C.
	545.	St. Joseph Missouri Property, L.L.C.
	546.	St. Mary’s Properties, LLC (f/k/a St. Mary’s Properties, Inc.)
	547.	Star City Arkansas, L.L.C.
	548.	Stephenville Texas Property, L.L.C.
	549.	Sterling Acquisition, LLC
	550.	Stevens Avenue Property, L.L.C.
	551.	Sun-Mesa Properties, L.L.C.
	552.	Suwanee, LLC
	553.	Texas Fifteen Property, L.L.C.
	554.	Texas Four Property, L.L.C.
	555.	Texas Lessor – Stonegate GP, LLC
	556.	Texas Lessor – Stonegate, Limited, LLC
	557.	Texas Lessor – Stonegate, LP
	558.	Texhoma Avenue Property, L.L.C.
	559.	The Suburban Pavilion, LLC (f/k/a The Suburban Pavilion, Inc.)
	560.	Tujunga, L.L.C.
	561.	Tulare County Property, L.L.C.
	562.	VRB Aviv, L.L.C.
	563.	Washington Idaho Property, L.L.C.
	564.	Washington Lessor – Silverdale, LLC
	565.	Washington-Oregon Associates, L.L.C.
	566.	Watauga Associates, L.L.C.
	567.	Wellington Leasehold, L.L.C.
	568.	West Pearl Street, L.L.C.
	569.	West Yarmouth Property I, L.L.C.
	570.	Westerville Ohio Office Property, L.L.C.
	571.	Wheeler Healthcare Associates, L.L.C.
	572.	Whitlock Street Property, L.L.C.
	573.	Wilcare, LLC
	574.	Willis Texas Aviv, L.L.C.
	575.	Yuba Aviv, L.L.C.

 

[Schedule I – 1st Supplemental Indenture
– 2023 Notes]

 

    	 	 	 

     

    

 

Schedule II

 

NEW SUBSIDIARIES

 

	1.	OHI Asset (MO) Jackson, LLC
	2.	OHI Asset (CO) Brighton, LLC
	3.	OHI Asset (CO) Mesa, LLC
	4.	OHI Asset (CO) Denver, LLC
	5.	OHI Asset (TX) Longview, LLC
	6.	OHI Asset (TX) Athens, LLC
	7.	OHI Asset (TX) Winnsboro ALF, LLC
	8.	OHI Asset (FL) Middleburg, LLC
	9.	OHI Asset (SC) Five Forks, LLC
	10.	OHI Asset (VA) Midlothian, LLC

 

[Schedule II – 1st Supplemental Indenture
– 2023 Notes]Exhibit 10.1

 

SERIES A PREFERRED STOCK PURCHASE AGREEMENT

 

THIS SERIES A PREFERRED STOCK PURCHASE AGREEMENT (this “Agreement”) is made effective as of November 7, 2016, by and among Adeptus Health Inc., a Delaware corporation (the “Company”), and the Purchasers named on the signature pages hereto (collectively, the “Purchasers”).  Capitalized terms used herein, but not otherwise defined, shall have the meanings ascribed to them in Section 5 of this Agreement.

 

PRELIMINARY STATEMENTS

 

On October 31, 2016, the Company and the Purchasers entered into that certain Agreement for Investment for Preferred Shares (the “Commitment Agreement”) pursuant to which the Company agreed to issue and sell, and the Purchasers, severally and not jointly, agreed to purchase, up to an aggregate of 27,500 shares of Series A Preferred Stock (as defined below) for an aggregate purchase price of up to $27,500,000, in each case, subject to the conditions set forth therein including, among other things, the execution and delivery of this Agreement.

 

On November 1, 2016, Adeptus Health LLC entered into two amendments to the Credit Agreement, dated as of October 6, 2015 by and among First Choice ER, LLC, as borrower, Adeptus Health LLC, as guarantor, the other guarantors party thereto, the lenders party thereto and Bank of America, N.A., in its capacity as administrative agent for such lenders, one of which provides for an additional $25 million of committed term loans, subject to the conditions set forth therein, and the other of which provides for a $5 million increase in revolving commitments, subject to the conditions set forth therein.  The execution of these amendments were a condition to the purchase of the Series A Preferred Stock under the Commitment Agreement.

 

AGREEMENTS

 

The parties hereto agree as follows:

 

SECTION 1.                            AUTHORIZATION AND CLOSING.

 

1.01                        Authorization.  Prior to the Closing, the Company shall have authorized the sale and issuance to the Purchasers of an aggregate of 27,500 shares of its Series A Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”).  As of the Closing, the Shares shall have the rights, preferences, privileges and restrictions set forth in the Company’s Certificate of Designation of the Series A Preferred Stock set forth on Exhibit A attached hereto (the “Certificate of Designation”).

 

1.02                        Purchase and Sale of the Series A Preferred Stock.  Subject to the terms and conditions set forth herein, at the Closing (as defined below), the Company shall issue to the Purchasers, severally and not jointly, and, subject to the terms and conditions set forth herein, each Purchaser, severally and not jointly, shall acquire from the Company, shares of Series A Preferred Stock at a price of $1,000 per share.  The number of shares to be acquired by each of the Purchasers at the Closing is set forth on Exhibit B attached hereto.

 

 

1.03                        Closing.  The closing of the purchase and sale of the Series A Preferred Stock to be purchased by the Purchasers hereunder (the “Closing”) shall take place at the offices of DLA Piper LLP (US) in Chicago, Illinois, effective at 10:00 a.m. local time on the date hereof, by the exchange of .PDF electronic documents.  At the Closing, the Company shall deliver to each Purchaser stock certificates evidencing the Series A Preferred Stock purchased by such Purchaser, registered in such Purchaser’s name, upon payment of the purchase price therefor.  The purchase price shall be paid by wire transfer in immediately available funds. As set forth in the Commitment Agreement, the obligation of each Purchaser to fund its purchase price shall be conditional upon the concurrent funding by each other Purchaser hereunder.

 

SECTION 2.                            REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

 

As a material inducement to the Purchasers to enter into this Agreement and purchase the Series A Preferred Stock, the Company hereby represents and warrants to each Purchaser that as of the Closing:

 

(a)                                 Certificate of Designation. The Certificate of Designation has been filed with the Secretary of State of the State of Delaware as of the Closing.

 

(b)                                 Organization. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(c)                                  Authority. All corporate action required to be taken by the Company in order to authorize the Company to enter into this Agreement, and to issue the shares of Series A Preferred Stock at the Closing, has been taken. This Agreement, when executed and delivered by the Company, shall constitute a valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, or (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

(d)                                 Valid Issuance of the Shares. The shares of Series A Preferred Stock, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under the Certificate of Designation, applicable state and federal securities laws and liens or encumbrances created by or imposed by a Purchaser.  Assuming the accuracy of the representations of the Purchasers in this Agreement, the Shares will be issued in compliance with all applicable federal and state securities laws.

 

(e)                                  No Conflicts. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby (i) do not require the consent, approval, authorization, order, registration or qualification of, or (except for filings pursuant to the Securities Exchange Act of 1934) filing with, any governmental authority

 

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or court, or body or arbitrator having jurisdiction over such party; and (ii) except as would not have an adverse effect on the ability of such party to consummate the transactions  contemplated by this Agreement, do not and will not constitute or result in a breach, violation or default under, any note, bond, mortgage, deed, indenture, lien, instrument, contract, agreement, lease or license, whether written or oral, express or implied, to which such party is a party, with such party’s articles of incorporation or code of regulations (if applicable), or any statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of such party or cause the acceleration or termination of any obligation or right of such party or any other party thereto. Other than with respect to the last sentence of Section 1.03 above, the conditions to Closing set forth in paragraph 2 of the Commitment Agreement have been satisfied.

 

(f)                                   No Brokers. Other than the engagement of Houlihan Lokey Capital, Inc. as financial advisor to the Special Committee, the Company neither is nor will be obligated for any finder’s fee or commission in connection with the transactions contemplated by this Agreement.

 

(g)                                  Capitalization.

 

(i)                                     The Company has filed the Certificate of Designation with the Secretary of State of the State of Delaware (the “Delaware Secretary”) as of the Closing. Immediately prior to the consummation of the transactions to be effected at the Closing (after giving effect to the filing and effectiveness of the Certificate of Designation with the Delaware Secretary), the authorized capital stock of the Company will be 80,000,000 shares of stock, consisting of (i) 10,000,000 of Preferred Stock (including 27,500 shares of Series A Preferred Stock), none of which are be issued and outstanding or held in treasury, (ii) 50,000,000 shares of Class A Common Stock and (ii) 20,000,000 shares of Class B Common Stock.

 

(ii)                                  None of the Company or its Affiliates or any Person acting on any of their behalf (other than the Purchasers and their respective Affiliates, as to whom the Company makes no representation or warranty) directly or indirectly, has offered, sold or solicited any offer to buy and will not, directly or indirectly, offer, sell or solicit any offer to buy, any security of a type or in a manner which would be integrated with the sale of the Series A Preferred Stock. None of the Company or its Affiliates or any Person acting on any of their behalf (other than the Purchasers and their respective assignees, as to whom the Company makes no representation or warranty) has engaged or will engage in any form of general solicitation or general advertising (within the meaning of Rule 502(c) under the Securities Act) in connection with the offering of the Series A Preferred Stock.

 

(h)                                 No Other Representations. The Company has not made, or will be deemed to have made, any representation or warranty in connection with this Agreement or the transaction contemplated hereby other than as expressly made in this Section 2.

 

3

 

SECTION 3.                            REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS.

 

As a material inducement to the Company to enter into this Agreement, each Purchaser, severally and not jointly, hereby represents and warrants to the Company that as of the Closing:

 

(a)                                 Authorization; No Conflict. The Purchaser has full power and authority to enter into this Agreement.  This Agreement, when executed and delivered by the Purchaser, will constitute a valid and legally binding obligation of the Purchaser, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally, and as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby (i) do not require the consent, approval, authorization, order, registration or qualification of, or (except for filings pursuant to the Securities Exchange Act of 1934) filing with, any governmental authority or court, or body or arbitrator having jurisdiction over such party; and (ii) except as would not have an adverse effect on the ability of such party to consummate the transactions contemplated by this Agreement, do not and will not constitute or result in a breach, violation or default under, any note, bond, mortgage, deed, indenture, lien, instrument, contract, agreement, lease or license, whether written or oral, express or implied, to which such party is a party, with such party’s articles of incorporation or code of regulations (if applicable), or any statute, law, ordinance, decree, order, injunction, rule, directive, judgment or regulation of any court, administrative or regulatory body, governmental authority, arbitrator, mediator or similar body on the part of such party or cause the acceleration or termination of any obligation or right of such party or any other party thereto.

 

(b)                                 Purchase Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the shares of Series A Preferred Stock to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account (or the account of one or more of such Purchaser’s Affiliates), not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same.  By executing this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the shares of Series A Preferred Stock.  Purchaser has not been formed for the specific purpose of acquiring the shares of Series A Preferred Stock.

 

(c)                                  Disclosure of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions of the offering of the shares of Series A Preferred Stock with the Company’s management.  The foregoing, however, does not limit or modify the representations and warranties of the Company in this Agreement or the right of the Purchasers to rely thereon.

 

4

 

(d)                                 Restricted Securities. The Purchaser understands that the shares of Series A Preferred Stock have not been, and will not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations as expressed herein.  The Purchaser understands that the shares of Series A Preferred Stock are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the shares of Series A Preferred Stock indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available.  The Purchaser acknowledges that the Company has no obligation to register or qualify the shares of Series A Preferred Stock.  As applicable, the Purchaser either (i) has a preexisting business or personal relationship with the Company and/or any of its officers, directors or controlling persons or (ii) has such knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment in the shares of Series A Preferred Stock.  The Purchaser (i) has no need for liquidity in the Purchaser’s investment represented by the shares of Series A Preferred Stock purchased hereby, (ii) is able to bear the substantial economic risks of such investment for an indefinite period and (iii) at the present time, can afford a complete loss of such investment.

 

(e)                                  No Public Market. The Purchaser understands that no public market now exists for the shares of Series A Preferred Stock, and that the Company has made no assurances that a public market will ever exist for the shares of Series A Preferred Stock.

 

(f)                                   Accredited Investor.  The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

(g)                                  No Implied Representations or Warranties.  Other than as set forth herein, the Purchaser is not relying upon any other information, representation or warranty by the Company or any officer, director, stockholder, agent or representative of the Company in determining to invest in the shares of Series A Preferred Stock.  The Purchaser has consulted, to the extent deemed appropriate, with the Purchaser’s own advisers as to the financial, tax, legal and related matters concerning an investment in the Series A Preferred Stock.

 

(h)                                 No Brokers. The Purchaser neither is nor will be obligated for any finder’s fee or commission in connection with the transactions contemplated by this Agreement.

 

SECTION 4.                            MISCELLANEOUS.

 

4.01                        Use of Proceeds.  The Company shall use the proceeds of the transactions contemplated hereby to acquire limited liability company interests in Adeptus Health LLC with economic terms mirroring those of the Series A Preferred Stock (including rights to dividends and rights and obligations relating to redemptions). The Company shall cause Adeptus Health LLC to use such proceeds for working capital and general corporate purposes.

 

5

 

4.02                        Legend.  Each Purchaser acknowledges that each certificate for Series A Preferred Stock issued to such Purchaser shall be imprinted with a legend in substantially the following form:

 

“The securities represented by this certificate were originally issued on [         , 2016] and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. The securities may not be transferred except pursuant to an effective registration statement under the Securities Act and applicable state securities laws or pursuant to an applicable exemption from the registration requirements of such Act and such laws. The transfer and redemption of the securities represented by this certificate are subject to the conditions and restrictions specified in the Certificate of Designation dated as of [         , 2016] (as amended and modified from time to time) and the Amended and Restated Certificate of Incorporation of the Company dated June 25, 2014 (as amended and modified from time to time).”

 

For each Purchaser that is or may be deemed to be an Affiliate of the Company, each certificate for Series A Preferred Stock issued to such Purchaser shall also be imprinted with the following additional legend:

 

“The securities represented by this certificate are held by an Affiliate of the Company as defined in Rule 144 promulgated under the Securities Act, and may only be sold or otherwise transferred in compliance with the requirements of Rule 144 or pursuant to a registration statement under the Securities Act or an exemption from such registration.”

 

4.03                        Survival of Representations and Warranties.  All representations and warranties contained herein shall survive the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

 

4.04                        Severability.  Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

4.05                        Counterparts.  This Agreement may be executed in two (2) or more counterparts (including by means of telecopied signature pages), any one (1) of which need not contain the signatures of more than one (1) party, but all such counterparts taken together shall constitute one and the same agreement.

 

6

 

4.06                        Descriptive Headings; Interpretation.  The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement.  The use of the word “including” in this Agreement shall be by way of example rather than by way of limitation.

 

4.07                        Governing Law.  This Agreement shall be governed by the corporate law of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware.

 

4.08                        Venue.  Each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction of the United States federal or Delaware state courts sitting in the Wilmington, Delaware, in any action or proceeding arising out of or relating to this Agreement, and each of the parties hereto hereby irrevocably agrees that all claims in respect of such action or proceeding shall be heard and determined in any such court and irrevocably waives any objection it may now or hereafter have as to the venue of any such suit, action or proceeding brought in such a court or that such court is an inconvenient forum.

 

4.09                        Waiver of Jury Trial.  Each of the parties hereto hereby irrevocably waives any and all right to trial by jury of any claim or cause of action in any legal proceeding arising out of or related to this Agreement or the transactions or events contemplated hereby or any course of conduct, course of dealing, statements (whether verbal or written) or actions of any party hereto.  The parties hereto each agree that any and all such claims and causes of action shall be tried by a court trial without a jury.  Each of the parties hereto further waives any right to seek to consolidate any such legal proceeding in which a jury trial has been waived with any other legal proceeding in which a jury trial cannot or has not been waived.

 

4.10                        Entire Agreement. This Agreement embodies the complete agreement and understanding among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, including the Commitment Agreement.

 

4.11                        No Third Party Beneficiaries.  This Agreement is intended for the benefit of the parties who are signatories hereto, and no Person not a party hereto shall have any rights hereunder.

 

4.12                        Expenses.  At Closing, the Company shall pay the reasonable fees and expenses of the Purchasers (including fees of counsel to such Purchasers) incurred in connection with the transactions contemplated herein, in an aggregate amount not to exceed $75,000.

 

SECTION 5.                            DEFINITIONS.

 

For the purposes of this Agreement, the following terms have the meanings set forth below:

 

5.01                        “Affiliate” shall have the meaning set forth in Rule 144 promulgated under the Securities Act.

 

7

 

5.02                        “Person” means an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

5.03                        “Securities Act” means the Securities Act of 1933, as amended.

 

*                                         *                                         *                                         *                                         *

 

8

 

IN WITNESS WHEREOF, the parties hereto have executed this Series A Preferred Stock Purchase Agreement as of the date first above written.

 

	
 
    	
ADEPTUS HEALTH INC.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Frank R. Williams, Jr.
    
	
 
    	
Name:
    	
Frank R. Williams, Jr.
    
	
 
    	
Title:
    	
Executive Vice President and CFO
    

 

 

	
 
    	
SCP III AIV THREE-FCER CONDUIT, L.P.
    
	
 
    	
 
    
	
 
    	
BY: SC PARTNERS III, L.P., ITS GENERAL PARTNER
    
	
 
    	
 
    
	
 
    	
BY: STERLING CAPITAL PARTNERS III, LLC, ITS GENERAL PARTNER
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ M. Avi Epstein
    
	
 
    	
Name:
    	
M. Avi Epstein
    
	
 
    	
Title:
    	
General Counsel
    
	
 
    	
 
    	
 
    
	
 
    	
SCP III AIV THREE - FCER, LP
    
	
 
    	
 
    
	
 
    	
BY SC PARTNERS III, L.P., ITS GENERAL PARTNER
    
	
 
    	
 
    
	
 
    	
BY STERLING CAPITAL PARTNERS III, LLC, ITS GENERAL PARTNER
    
	
 
    	
 
    	
 
    
	
 
    	
By: 
    	
/s/ M. Avi Epstein
    
	
 
    	
Name:
    	
M. Avi Epstein
    
	
 
    	
Title:
    	
General Counsel
    

 

 

	
 
    	
/s/ Thomas S. Hall
    
	
 
    	
Name: Thomas S. Hall
    

 

 

	
 
    	
/s/ L. Richard Covert
    
	
 
    	
Name: L. Richard Covert
    

 

 

	
 
    	
/s/ Jacob J. Novak
    
	
 
    	
Name: Jacob J. Novak
    

 

 

Exhibit A

 

Certificate of Designation

 

[To be inserted]

 

 

Exhibit B

 

Series A Preferred Stock to be Purchased

 

	
Series A Preferred Stockholders
    	
 
    	
Number of Shares
    	
 
    	
$
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SCP III AIV THREE-FCER,   L.P.
    	
 
    	
4,313
    	
 
    	
$
    	
4,313,000
    	
 
    
	
SCP III AIV   THREE-FCER CONDUIT, L.P.
    	
 
    	
3,187
    	
 
    	
$
    	
3,187,000
    	
 
    
	
THOMAS S. HALL
    	
 
    	
5,000
    	
 
    	
$
    	
5,000,000
    	
 
    
	
L. RICHARD   COVERT
    	
 
    	
7,500
    	
 
    	
$
    	
7,500,000
    	
 
    
	
JACOB J. NOVAK
    	
 
    	
7,500
    	
 
    	
$
    	
7,500,000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
TOTAL
    	
 
    	
27,500
    	
 
    	
$
    	
27,500,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}]]