Document:

EX-10.25

 Exhibit 10.25 

AMENDED AND RESTATED 

OPERATING AGREEMENT OF 

LAKEWAY REALTY, L.L.C. 

 AMENDED AND RESTATED 

OPERATING AGREEMENT OF 

LAKEWAY REALTY, L.L.C. 

This Amended and Restated Operating Agreement of Lakeway Realty, L.L.C. (the “Company”), a limited liability company organized
pursuant to Delaware Limited Liability Company Act, 6 Del. C. §18-101, et. seq. (the “Act”), is executed effective as of March 20, 2015 (“Effective Date”), by and among the Company and its Members (as defined below).

 ARTICLE I  

DEFINITIONS 

When used in this Agreement, the following terms shall have the meanings set forth below: 

1.1 “Act” means the Delaware Limited Liability Company Act, as amended from time to time (and any corresponding provisions of
succeeding law). 
 1.2 “ACH” means MRT of Lakeway TX-ACH, LLC, a Delaware limited liability company. 

1.3 “ACH Note” means the promissory note of up to $72,960,000 made by the Company to the order of ACH and its successors and assigns
on or about the date hereof, together with any permitted amendments and modifications thereto, such renewal or replacement financing as shall be procured from time to time. 

1.4 “Adjusted Capital Account Deficit” shall mean, with respect to any Member, the deficit balance, if any, in such Member’s
Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments: 
 (a) credit to such Capital
Account any amounts which a Member is obligated to restore or is deemed to be obligated to restore pursuant to the penultimate sentence of Regulations Section 1.704-2(g)(1) and (i)(5); and 

(b) debit to such Capital Account the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6). 

The foregoing definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and
shall be interpreted consistently therewith. 
 1.5 “Affiliate” of a specified Person or entity shall mean a Person or entity that
directly or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person or entity specified. As used in this definition, the term “control” shall mean the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of such specified Person or entity, whether through ownership of voting securities, by contract or otherwise. 

  
 - 2 - 

 1.6 “Agreement” means this Amended and Restated Operating Agreement, as amended from
time to time. 
 1.7 “Available Cash Flow” means all cash funds of the Company on hand at the end of each fiscal quarter (or at
the end of each calendar month if in accordance with Section 9.5 of this Agreement) less (i) provision for payment of all outstanding and unpaid current obligations of the Company, due and payable at the end of such quarter (or calendar
month if in accordance with Section 9.5), including those which are in dispute, and (ii) provision for Reserves, but without deduction for depreciation and other non-cash expenses. In determining “Available Cash Flow” for any
fiscal quarter or calendar month as applicable, no portion of the indebtedness evidenced by the ACH Note shall be deemed a current obligation or included within the Reserves, except for all amounts owed under the ACH Note that are then currently or
will become due and payable thereunder for such fiscal quarter or calendar month as applicable. 
 1.8 “Board” means the
Company’s Board of Managers. Members of the Board shall be called “Manager(s).” 
 1.9 “Capital Account” means,
with respect to any Member, the Capital Account maintained by the Company for such Member in accordance with Section 7.6 of this Agreement. 

1.10 “Capital Contribution” in respect of any Member or transferee of such Member means all cash and other property, tangible or
intangible, contributed by such Member to the capital of the Company. 
 1.11 “Certificate” means the Certificate of Formation
filed with the Division on December 23, 2014, as amended or restated from time to time. 
 1.12 “Code” means the Internal
Revenue Code of 1986, as amended, or any corresponding provisions of succeeding law in effect at such time. 
 1.13 “Company”
means the limited liability company formed pursuant to this Agreement. 
 1.14 “Company Return” means the federal income tax
return for the Company. 
 1.15 “Confidential Information” means, in addition to information covered by any definition of
“trade secrets” or any equivalent term under state, local or federal law, any and all information regarding the Company, its Members or their Affiliates, their activities, business, patients or clients that is not generally known to
Persons not employed by the Company, its Members or their Affiliates, and that is not generally disclosed by the Company, its Members or their Affiliates to Persons not employed by the Company, its Members or their Affiliates, but that does not rise
to the level of a trade secret. “Confidential Information” will include, but is not limited to, sales and marketing techniques and plans, distribution techniques, purchase and supply information, prices paid by patients, customers,
customer billing information, financial plans and data concerning the Company, management planning information, business methods, and contracted parties. “Confidential Information” will not include information that has become generally
available to the public by the act of one who has the right to disclose such information without violating any right or privilege of the Company, its Members or their Affiliates, or 

  
 - 3 - 

 
information obtained from a source other than the Company, its Members or their Affiliates, that was not bound by a duty of confidentiality to the Company, its Members or their Affiliates, with
respect to such information 
 1.16 “Division” means the Delaware Division of Corporations or any successor state agency. 

1.17 “Fiscal Year” has the meaning set forth in Section 16.3. 

1.18 “Hospital” has the meaning set forth in Article IV. 

1.19 “Initial Members” means ACH and MedTX. 

1.20 “IRS” means the Internal Revenue Service. 

1.21 “LRMC Lease” means the lease of the Property by the Company to Lakeway Regional Medical Center, LLC (“LRMC”) as
tenant dated as of February 3, 2015. 
 1.22 “MedTX” means MedTX Realty, L.L.C., a Texas limited liability company. 

1.23 “Managing Board Member” means the member of the Board designated to manage the business of the Company pursuant to
Section 10.6 of this Agreement. The Managing Board Member shall be the Manager appointed by ACH. 
 1.24 “Member” means each
Person designated as a Member of the Company, on Schedule I hereto, or any other Person admitted as a Member of the Company in accordance with this Agreement or the Act. “Members” refers to such Persons as a group. 

1.25 “Percentage Interest” means, with respect to each Member, the number of Units owned by such Member divided by the total number
of issued and outstanding Units. The initial Percentage Interests of the Members are set forth on Schedule I hereto. 
 1.26
“Person” means an individual, trust, estate, corporation, partnership, limited partnership, limited liability company, unincorporated association or other entity or association. 

1.27 “Profits” and “Losses” means, for each Fiscal Year, an amount equal to the Company’s taxable income or loss for
such Fiscal Year, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or
loss), with the following adjustments: 
 (a) Any income of the Company that is exempt from federal income tax and not otherwise taken into
account in computing Profits or Losses pursuant to this Section 1.27 shall be added to such taxable income or loss; 
 (b) Any
expenditures of the Company described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Regulations Section 1.704-(1)(b)(2)(iv)(i), and not otherwise taken into account in computing Profits
or Losses pursuant to this Section 1.26 shall be subtracted from such taxable income or loss; 

  
 - 4 - 

 (c) If the book value of property is adjusted pursuant to Regulations
Sections 1.704-1(b)(2)(iv)(f) or (g), such adjustment shall be taken into account as gain or loss from the disposition of an asset and, in lieu of depreciation as calculated for federal income tax purposes, subsequently such deductions
shall be computed in accordance with Regulations Sections 1.704-1(b)(2)(iv)(g)(3) or 1.704-3(d)(2), as the case may be. Subsequent calculations of gain or loss resulting from the disposition of an asset for federal income tax purposes
shall be computed by reference to its book value as reflected in Members’ Capital Accounts rather than its adjusted tax basis; and 

(d) To the extent an adjustment to the adjusted tax basis of any Company asset pursuant to Code Section 734(b) or 743(b) is
required to be taken into account in determining Capital Accounts as a result of a distribution other than in complete liquidation of a Member’s interest in accordance with Regulations Section 1.704-1(b)(2)(iv)(m)(4), the amount of such
adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) from the disposition of the asset and shall be taken into account for
purposes of computing Profits and Losses. 
 1.28 “Property” has the meaning set forth in Article IV. 

1.29 “Regulations” means the Treasury regulations promulgated under the Code, as such regulations may be amended from time to time
(including corresponding provisions of succeeding regulations). 
 1.30 “Reserves” means funds or amounts set aside or otherwise
allocated or designated pursuant to Section 10.9(l) by the Board (a) to pay taxes, insurance, future or anticipated obligations, contingent or unforeseen obligations, and all other costs, expenses, and liabilities incident to the
Company’s operations and ownership of property, if any; (b) to fund Company operations; (c) to fund the Company’s debt obligations; (d) to fund the acquisition and/or replacement of Company assets; or (e) for any other
valid purpose relating to the Company, as determined by the Board pursuant to Section 10.9. 
 1.31 “Unit” means an interest
as a Member in the capital, distributions and Profits and Losses of the Company as the case may be. 
 ARTICLE II 

ORGANIZATION 
 2.1
Formation. The Company has filed the Certificate with the Division, and shall take other actions reasonably necessary to maintain the status of the Company as a limited liability company under the laws of Delaware and each jurisdiction in
which the Company may elect to do business. In consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that
the rights and obligations of the parties and the administration and termination of the Company shall be governed by this Agreement, the Certificate and the Act. 

  
 - 5 - 

 2.2 Name. The name of the Company is Lakeway Realty, L.L.C. The business of the Company
shall be conducted under this name or such other name as the Members may determine in accordance with Section 10.9. 
 2.3 Property
Rights. Any real and personal property owned by the Company shall be owned by the Company as an entity, and no Member shall have any ownership interest in such property. Each Member’s interest in the Company shall be personal property for
all purposes. 
 2.4 Independent Activities. The Members and their Affiliates shall be required to devote only such time to the
affairs of the Company as may be reasonably necessary to manage and operate the Company. Except as expressly provided in this Agreement, the Members and their Affiliates (i) shall be permitted to engage in other business endeavors, including
those which may compete with the Company except as outlined elsewhere in this Agreement or in any other written agreement binding on the Members or their Affiliates and (ii) shall not be under any obligation to offer business opportunities to
the Company. 
 ARTICLE III 

PRINCIPAL PLACE OF BUSINESS 

3.1 Principal Place of Business. The principal place of business of the Company shall be located at 3102 West End Avenue, Suite 400,
Nashville, Tennessee 37203, or at such other place as the Members may from time to time designate. 
 3.2 Registered Office. The
registered office of the Company shall be at 615 S. Dupont Highway, Dover, Delaware 19901. 
 3.3 Registered Agent. The Registered
Agent of the Company shall be National Corporate Research, Ltd. 
 ARTICLE IV 

BUSINESS 
 The business to
be conducted by the Company shall be to acquire, develop, construct, hold for investment, own, encumber, improve, renovate, mortgage, finance, refinance, maintain, market, lease, lend funds to any tenant or operator of and/or sell the medical
facility and contiguous land located at 100 Medical Parkway, Lakeway, Texas 78738 (the “Property”), which includes the land, premises, and property of Lakeway Regional Medical Center, an acute care hospital (the
“Hospital”). The Company shall have the power to do any and all acts and things necessary, appropriate, proper, advisable, incidental to or convenient for the furtherance and accomplishment of such purposes. The activities described
within this Article IV shall be referred to as the “Business.” 

  
 - 6 - 

 ARTICLE V 

TERM 
 The Company shall
commence on the date of the filing of the Certificate and continue until the Company is liquidated and dissolved pursuant to Article XV of this Agreement. 

ARTICLE VI 
 MEMBERSHIP
INTERESTS 
 The Company shall issue one hundred (100) Units. As of the Effective Date ACH owns 51 Units for a Percentage Interest
of 51% and MedTX owns 49 Units for a Percentage Interest of 49%. Additional Units may be issued only with approval of the Board as specified within Section 10.9 of this Agreement. 

ARTICLE VII 
 CAPITAL
CONTRIBUTION AND CAPITAL ACCOUNTS OF MEMBERS 
 7.1 Initial Capital Contributions. Upon the execution of this Agreement each
Initial Member shall be obligated to contribute to the Company cash in the amount set forth opposite its name under the heading “Capital Contributions” on Schedule I in accordance with the terms of the Membership Interest Agreement dated
March     , 2015 executed by the parties or their Affiliates. 
 7.2 Limited Liability. A Member shall not be
bound by, or personally liable for, the expenses, liabilities or obligations of the Company, except as provided in the Act or as otherwise provided by applicable law. Notwithstanding the foregoing, in the event that a third party commercial lender
requires a Member to guarantee the Company’s obligations under a loan as a condition of financing and the Member agrees to do so, the Member would be liable under the guaranty according to its terms. 

7.3 Withdrawal of Capital Contributions. No Member shall have the right to withdraw or reduce its Capital Contribution. No Member shall
have the right to demand or receive property other than cash in return for its Capital Contribution, and no Member shall have priority over any other Member, either as to the return of Capital Contributions or as to allocations Profits, Losses, or
distributions except as expressly provided otherwise in this Agreement. 
 7.4 Assessments and No Negative Capital Account Make-up.
Members will not be subject to additional calls or assessments for contributions to the capital of the Company. Notwithstanding any other provision in this Agreement or any inference from any provision in this Agreement, no Member shall have an
obligation to the Company, to the other Members or to third parties to restore a negative Capital Account balance during the existence of the Company or upon the dissolution or termination of the Company. 

7.5 Creation and Maintenance of Capital Account. The Company shall establish and maintain a separate Capital Account for each Member
for the full term of the Company, which Capital Account shall be increased by such Member’s Capital Contribution and allocations of Profits and items thereof to such Member and decreased by distributions and allocations of 

  
 - 7 - 

 
Losses and items thereof to such Member and otherwise maintained in accordance with the capital account maintenance rules of Regulations Section 1.704-1(b)(2)(iv). Upon occurrence of any of
the events specified in Regulations Section 1.704-1(b)(2)(iv)(f)(5), the Managing Board Member in its reasonable discretion may revalue all Company assets and adjust the Capital Accounts to reflect such revaluation if the Managing Board Member
reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interests of the Members in the Company; further, all of the rules of Regulations
Section 1.704-1(b)(2)(iv)(f) shall be complied with upon any such revaluation. In the event the Managing Board Member shall determine that it is prudent to modify the manner in which the Capital Accounts,
or any debits or credits thereto, are computed in order to comply with such Regulations, the Managing Board Member may make such modification, provided that it is not likely to have a material effect on the amounts distributable to any Member upon
the dissolution of the Company. The Managing Board Member shall make appropriate modifications in the event unanticipated events might otherwise cause this Agreement not to comply with Regulations
Section 1.704-1(b). In the event a Member transfers an interest in the Company in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Member
to the extent it relates to the transferred interest. 
 ARTICLE VIII 

EXPENSES OF THE COMPANY 

8.1 Organizational Expenses. All expenses incurred in connection with the formation of the Company shall be paid by the Company,
provided that each Member shall be responsible for its own legal fees. 
 8.2 Fees Receivable by an Affiliate of the Member. Subject
to Section 10.9, the Company may contract with others, including Affiliates of Members, to perform certain services. Any such arrangements with Affiliates of Members, or other Persons related to a Member, will be on terms that are fair and
reasonable to the Company and no less favorable than could reasonably be realized with unaffiliated Persons, and in no event may the annual charges paid to any Member and its Affiliates for the management and operation of the Company, including
without limitation those for accounting and financial reporting services, exceed $60,000.00 per year during the terms of the LRMC Lease without the prior unanimous approval of the full Board as set forth in Section 10.9. 

ARTICLE IX 
 ALLOCATION
OF INCOME AND LOSS; CASH DISTRIBUTIONS 
 9.1 Allocations of Profit and Loss. Except as otherwise set forth in this Article IX,
any Profits or Losses recognized by the Company in any Fiscal Year or other period must be allocated among Members in proportion to their Percentage Interests. 

9.2 Special Allocation Rules. 

(a) Any “allocable cash basis item” of the Company (as defined in Section 706(d) of the Code) for any Fiscal Year that is
required to be allocated to the Members in the manner provided in Section 706(d) of the Code must be allocated to the Members in the manner so required. 

  
 - 8 - 

 (b) In accordance with Code Section 704(c) and the Regulations thereunder, income, gain,
loss and deduction with respect to any property contributed to the capital of the Company or property revalued on the Company’s books and in the Capital Accounts will, solely for tax purposes, be allocated among the Members so as to take
account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its initial book value under any method selected by the Board. 

(c) Notwithstanding the provisions of Section 9.1 hereof, if the amount of Loss that would otherwise be allocated to a Member in any
Fiscal Year would cause or increase a Member’s Adjusted Capital Account Deficit as of the last day of such fiscal year, then a proportionate part of such Loss equal to such excess will be allocated to the other Members to the extent such
allocation can be made without violating the provisions of Section 9.2 with respect to such other Members. Notwithstanding anything to the contrary in Section 9.1, any Profit for any subsequent Fiscal Year that would have been allocated to
a Member to which Loss would have been allocated but for the effect of the first sentence of this Section 9.2(c) will be allocated to the other Member to the extent of the aggregate amount of Loss allocated to such other Member pursuant to the
first sentence of this Section 9.2(c). 
 (d) Notwithstanding any provision hereof to the contrary, if a Member unexpectedly receives
in any Fiscal Year any adjustment, allocation or distribution described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5), or (6), and if a Member has an Adjusted Capital Account Deficit as of the last day of such fiscal year, then all items of
income and gain of the Company (consisting of a pro rata portion of each item of Company income and gain) for such fiscal year (and, if necessary, for subsequent Fiscal Years) will be allocated to the Member in the amount and in the manner necessary
to eliminate such Adjusted Capital Account Deficit as quickly as possible. 
 (e) Notwithstanding any provision hereof to the contrary, if a
Member has an Adjusted Capital Account Deficit as of the last day of any Fiscal Year, then all items of income and gain of the Company (consisting of a pro rata portion of each item of Company income and gain, including gross income) for such fiscal
year will be allocated to such Member in the amount and in the manner necessary to eliminate such Adjusted Capital Account Deficit as quickly as possible. 

(f) Notwithstanding any provision hereof to the contrary, any item of Company income or gain for any Fiscal Year (or any portion of any such
item) that is required to be allocated to the Members under Regulations Sections 1.704-2(f) or 1.704-2(i)(4) will be allocated to the Members for such fiscal year
in the manner so required by such Regulations, including Regulations Section 1.704-2(j)(2). 

(g) Notwithstanding any provision hereof to the contrary, any item of Company loss, deduction or expenditure described in
Section 705(a)(2)(B) of the Code for any Fiscal Year (or any portion of any such item) that is required to be allocated to the Members under Regulations Section 1.704-2(i)(l) will be allocated to the Members for such fiscal year in the
manner so required by such Regulation. 

  
 - 9 - 

 (h) Allocations set forth in subsections (c), through (g) of this Section 9.2 (the
“Regulatory Allocations”) are intended to comply with certain requirements of Sections 1.704-1(b) and 1.704-2 of the Regulations. Notwithstanding any other provision of this Article IX, the Regulatory Allocations will be taken into account
in allocating Profits, Losses and items of Company income, gain, loss and deduction to the Members so that, to the extent possible, the net amount of such allocations of Profits, Losses and other items and the Regulatory Allocations to each Member
will be equal to the net amount that would have been allocated to each such Member if the Regulatory Allocations had not occurred. 
 (i) If
one or more Unit(s) are transferred during any Fiscal Year of the Company, the Company income or loss attributable to such Unit(s) for such fiscal year will be allocated between the transferor and the transferee in any manner permitted by law as
they will agree; provided, however, that if the Company does not receive on or before January 31 of the year following the year in which the transfer occurs a written notice stating the manner in which such parties have agreed to allocate such
Company income or loss, then all such Company income or loss will be allocated between the parties based on the percentage of the year each party was, according to the books and records of the Company, the owner of record of the Company interest(s)
transferred during that year. 
 9.3 General Rules. 

(a) Except as otherwise provided in this Agreement, all items of Company income, gain, loss, deduction for federal and state income tax
purposes, and any other allocations not otherwise provided for will be divided among the Members in the same proportions as they share Profits or Losses, as the case may be, for the year. 

(b) For purposes of determining the Profits, Losses, or any other items allocable to any period, Profits, Losses, and any such other items
will be determined on a daily, monthly, or other basis, as determined by the Board using any permissible method under Code Section 706 and the Regulations thereunder. 

9.4 Power of the Managing Board Member to Vary Allocations of Profits and Losses. It is the intent of the Members that each
Member’s allocable share of Profits and Losses will be determined and allocated in accordance with the provisions of Section 9.1 to the fullest extent permitted by Section 704(b) of the Code, or its statutory successor. However, if
the Company is advised that the allocations provided in Section 9.1 will not be respected for federal income tax purposes, the allocation provisions of this Agreement will be amended, on advice of accountants or legal counsel, in the manner and
to the extent in the best interest of the Members and consistent with the economic sharing of the Members, but in no event will such reallocation be greater than the minimum reallocation necessary so that the allocation in Section 9.1 will be
respected for Federal income tax purposes. 
 9.5 Distributions. Subject to applicable law, and except as provided below relating to
the dissolution of the Company, the Company will make distributions of Available Cash Flow to the Members, promptly after the end of each fiscal quarter; provided however that so long as the tenant is currently making payments of rent, additional
rent, deposits, reserves and all other charges due and payable under the LRMC Lease in accordance with the terms thereof, such 

  
 - 10 - 

 
distributions shall be made on a quarterly basis for the first six (6) months following the effective date of the LRMC Lease and thereafter on a monthly basis based on the Available Cash
Flow calculated on a calendar month basis, rather than on a quarterly basis, promptly after the end of each calendar month. In any case, distributions from Available Cash Flow will be made in proportion to the Members’ Percentage Interests.

 (a) If any Units are sold, assigned or transferred during any accounting period, all distributions on or before the date of such transfer
will be made to the transferor, and all distributions after such date will be made to the transferee. 
 (b) All amounts withheld pursuant
to the Code or any provision of any state or local tax law with respect to any payment or distribution to Members will be treated as amounts distributed to Members pursuant to this Section 9.5 for all purposes of this Agreement. 

(c) Upon the dissolution and winding up of the Company, subject to (a) the requirements of Article XV, (b) the payment of all
liabilities of the Company, including any debts owed to a Member and (c) the establishment of such reserves as the Board reasonably determines pursuant to Section 10.9 for any contingent or unforeseen liabilities or obligations, the
proceeds from such liquidation will be distributed, as expeditiously as possible, to the Members in accordance with their positive Capital Account balances. 

(d) If any assets of the Company are distributed in kind, such assets will be distributed to the Members entitled to such distribution as
tenants-in-common in the same proportions as such Members would have been entitled to cash distributions. 
 (e) No distribution will be
made to the Members if prohibited by the Act. 
 9.6 Tax Distributions. Within ninety (90) days after the end of each calendar
year, to the extent of any Available Cash Flow, the Company shall distribute to each Member (any such distribution, a “Tax Distribution”) an amount such that total distributions under Section 9.5 and this Section 9.6 to such
Member with respect to the calendar year recently ended are at least equal to the assumed federal, state and local income tax liability (such liability, a “Tax Liability”) incurred by such Member with respect to such Member’s
distributive share of the Company’s taxable net income for such taxable year. For purposes of the computation required by this Section 9.6, the taxable net income for a taxable year allocated to each Member shall be deemed to be reduced by
any prior net loss allocated to such Member that was not previously taken into account under this sentence. In calculating the amount of each Tax Distribution, the Company shall assume that each Member is taxable at forty percent (40%) on all
taxable income. Any Tax Distribution shall be treated as an advance on the Member’s rights to distributions under Sections 9.5, and shall reduce the amount of the first such distributions on a dollar-for-dollar basis. 

9.7 ACH Note Repayment. In the event Additional Units are issued by the Company, any consideration received by the Company shall be
distributed, to the existing Members based on their Percentage Interests or added to Reserves per Section 10.9. However, if the ACH Note is still outstanding, then the amount otherwise distributable to the Members pursuant to this
Section 9.7 may, at the discretion of the Managing Board Member, instead be applied against the outstanding balance under the ACH Note. 

  
 - 11 - 

 9.8 ACH Duties Regarding the ACH Note. 

(a) ACH agrees to use its commercially reasonable best efforts to cause the Company to perform all of its obligations under the ACH Note and
any of the other documents executed in connection with the ACH Note (collectively, the “Loan Documents”), and refrain from taking any action which would constitute a default under the ACH Note or other Loan Documents, including without
limitation an Event of Default as defined in the Loan Agreement, it being agreed that an Event of Default arising as a result of acts or omissions of LRMC is not the responsibility of ACH. The Members acknowledge that ACH will not be in violation of
this Section 9.8(a) or held liable for damages for failing to take any action which requires unanimous Board approval under Section 10.9 of this Agreement, if ACH is prevented from taking such action due to the failure of the MedTX Manager
on the Board to approve any action. 
 (b) ACH agrees not to accelerate that maturity of the ACH Note or otherwise exercise any rights with
respect to any default under the Loan Documents (including without limitation an Event of Default as defined in the Loan Agreement), to the extent that such acceleration or default results from a violation of Section 9.8(a) above. 

ARTICLE X 
 MANAGEMENT OF
THE COMPANY 
 10.1 Management by the Board. The business and affairs of the Company will be managed by a Board. Except with
respect to matters where the approval of the Members is expressly required pursuant to this Agreement, or by nonwaivable provisions of the Act, the Board has, to the full extent permitted by the Act, sole, exclusive, full and complete authority,
power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the
Company’s business. 
 10.2 Number, Tenure and Qualifications. The Board will be composed of two (2) Managers, appointed as
follows: one (1) Manager will be appointed by ACH and one (1) Manager will be appointed by MedTX. The initial Managers designated by ACH and MedTX are set forth on the attached Exhibit A. Managers serve at the pleasure of the
respective Member who designated such Manager and may be removed and replaced with or without cause by such respective Member. A Manager holds office until the Manager resigns, dies, becomes permanently disabled or is removed. 

10.3 Quorum and Voting of Managers. Meetings of the Board may be called by any Manager at such times and at such places as the Managers
determine. Meetings may be held by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other. Notice of the time and place of the meeting and the matters to be
voted upon during the meeting must be given in accordance with Section 19.1 at least five (5) business days prior to the meeting. Each Manager has that number of votes equal to the then number of Units held by the Member who designated
such Manager. This means that initially the Manager selected by ACH will control fifty-one (51) votes and the 

  
 - 12 - 

 
Manager selected by MedTX will control forty-nine (49) votes. The presence of Managers representing sixty-six percent (66%) of the total votes that both of the Managers are entitled to
cast constitutes a quorum for the transaction of business of the Board, and the affirmative vote of sixty-six percent (66%) of the votes present and voting at the meeting will decide any matter arising in connection with the business and
affairs of the Company, except as expressly provided otherwise by this Agreement. The requirement of a quorum shall be waived if a Manager fails to attend (either in person or by telephone or similar communications equipment) any two consecutively
duly called meetings; provided, however, that such consecutive meetings must be at least seven (7) days apart and each Manager must be afforded the opportunity to attend each such meeting by telephone or similar communications equipment. 

10.4 Waiver of Notice. A Manager may waive any notice required by the Act, the Certificate or this Agreement before or after the date
and time of the meeting or event for which notice is required or before or after the date and time stated in the notice. The waiver must be in writing, be signed by the Manager entitled to the notice and be delivered to the Company for inclusion in
its records. A Manager’s attendance at a meeting waives objection to lack of notice or defective notice of the meeting, unless the Manager at the beginning of the meeting objects to holding the meeting or transacting business at the meeting.

 10.5 Action by the Board Without a Meeting. Action required or permitted to be taken at a meeting of the Board may be taken
without a meeting if the action is taken in accordance with this Section 10.5. The action must be evidenced by one or more written consents describing the action taken, signed by all of the Managers and delivered to the Company for
inclusion in its records. Action taken under this Section 10.5 is effective when the last Manager to sign has signed the consent, unless the consent specifies a different effective date. Notice will be given to all Members of any
material actions taken under this Section 10.5. 
 10.6 Management Authority and Obligations. 

(a) Subject to the restrictions in Section 10.9, the Managing Board Member is granted the right, power, authority and responsibility by
the Board and the Agreement to do in the name of, and on behalf of, the Company all things that, in the Managing Board Member’s judgment, are necessary, proper or desirable to carry out the purposes of the Company, including, but not limited
to: 
 (i) Acquire, hold, manage, lease, sell, exchange, grant options for the purchase or sale, and otherwise dispose of the assets of the
Company at such price or amount, for cash, securities or other property and upon such terms as the Managing Board Member deems to be in the best interest of the Company; 

(ii) Borrow money and, if security is required therefor, to subject to any security device any portion of the assets of the Company, to
obtain replacements of any security device, and to refinance, recast, increase, renew, modify, consolidate, or extend any borrowing or security device; 

(iii) Deposit, hold and manage the Company’s funds in such manner as the Managing Board Member deems to be in the best interest of the
Company; 

  
 - 13 - 

 (iv) Enter into, execute, and carry out any and all contracts, agreements, documents,
certifications, and instruments and to do and perform all such other things as may be in furtherance of Company purposes or necessary or appropriate to the conduct of Company activities; 

(v) Appoint agents to perform such duties in furtherance of the business and purpose of the Company as may be assigned by the Managing Board
Member; 
 (vi) Employ, engage or retain, at the expense of the Company, such Persons to perform such services as the Managing Board Member
deems necessary or advisable for the operation of the business and affairs of the Company and to pay such Persons such compensation as the Managing Board Member shall determine to be reasonable; 

(vii) Cause the Company to create Reserves in such amounts and for such purposes as the Board has determined pursuant to Section 10.9;

 (viii) Institute, prosecute, and defend lawsuits and other judicial or administrative proceedings brought by or in behalf of, or
against, the Company or the Members in connection with activities arising out of or incidental to the business and affairs of the Company, and to engage counsel or others in connection therewith; 

(ix) Arbitrate and consent to arbitrate any third party disputes or controversies affecting the business of the Company; 

(x) Make any and all elections for federal, state, and local tax purposes, except as provided in Section 10.9; 

(xi) Carry out any other activities necessary or incidental to the accomplishment of the purposes and business of the Company; 

(xii) Execute, acknowledge, and deliver any and all instruments which may be deemed necessary or convenient to effect the foregoing; and 

(xiii) Promptly provide copies of all notices and demands received by the Company or the Managing Board Member in connection with the
business and affairs of the Company, including any pertaining to the LRMC Lease and ACH Note, to MedTX. 
 10.7 Third Party Reliance.
Third parties dealing with the Company shall be entitled to rely conclusively upon the power and authority of the Managing Board Member to manage and operate the business and affairs of the Company as set forth herein. 

10.8 Resignation of Managing Board Member. The Managing Board Member may resign at any time by providing written notice to the Members
and other Manager. 
 10.9 Actions Requiring Unanimous Approval by the Board in Addition to the Managing Board Member.
Notwithstanding the foregoing provisions of this Article X, or any other provision of this Agreement, the prior unanimous approval of the full Board shall be required before the following actions can be taken from time to time by the Managing
Board Member on behalf of the Company: 
 (a) Sale or exchange or other disposition of all or a material part of the Property; 

  
 - 14 - 

 (b) Incur or modify any indebtedness in excess of $100,000.00, including without limitation the
ACH Note; 
 (c) Encumbrance of the Property or any part thereof; 

(d) Merger or consolidation of the Company with any other entity; 

(e) Determination of the amount of compensation to be received by Managers; 

(f) Approval of any transfer of Units, issuance of additional Units in the Company or the admission of additional Members into the Company;

 (g) Dissolution of the Company; 

(h) Amendment of this Agreement or the Certificate; 

(i) A request for additional capital contributions from the Members; 

(j) A change in the nature of the Company’s Business; 

(k) Entering into or modifying any contract or other agreement or arrangement with ACH, MedTX or any Affiliate thereof or Party related
thereto; 
 (l) Establishing the amount of the initial Reserves, or making any changes to the amount of Reserves, or establishing the amount
of any reserves under Section 9.5(c); 
 (m) Any decision to (1) terminate or modify the LRMC Lease including, without limitation,
any such decision based on a fair market valuation study, or (2) exercise any remedy for a default by the tenant under the LRMC Lease, or (3) exercise any remedy under the Pledge and Security Agreement (LRMC), dated March
    , 2015, executed by LRMC in favor of the Company. For purposes of clarity, the exercise by ACH of remedies under the ACH Note and other Loan Documents during an uncured Event of Default as defined in the Loan Agreement shall
not be subject to this Section 10.9(m); 
 (n) Any election to conduct business other than under the name Lakeway Realty, L.L.C.; 

(o) Prepayment of the ACH Note or any refinance or renewal thereof, in whole or in part; 

(p) Any election that would cause the Company not to be treated as a partnership for Federal income tax purposes; and 

  
 - 15 - 

 (q) Any disbursements from the ACH Note to ACH or any Affiliate thereof (whether or not on behalf
of LRMC), or to LRMC to be used by LRMC to pay to ACH or any Affiliate thereof. 
 10.10 Budgets. The Managing Board Member will
cause the Company to prepare a budget for each Fiscal Year in consultation with the Managers (the “Budget”). No later than sixty (60) days prior to the first day of the period covered by such Budget, such Budget shall be
prepared and presented to the Board for review and comment. Each Budget shall cover both operating expenses and capital expenditures, and shall include, at a minimum, the following: 

(a) a projected annual income statement (cash basis) on a month-by-month basis; 

(b) a description of any proposed capital expenditures, including projected dates for commencement and completion of the foregoing; and 

(c) a description of the proposed investment of any funds of the Company which are (or are expected to become) available for investment. 

ARTICLE XI 
 MEMBERS

 11.1 Rights and Obligations of Members. A Member’s interest in the Company will be represented by Units or fractions
thereof held by the Member. Units will be certificated as set forth in Section 19.2 of this Agreement. Interest in voting, Profits, Losses and distributions will be determined by Units, except as otherwise specifically provided in this
Agreement. 
 11.2 Limitation on Members’ Liabilities. Each Member’s liability will be limited as set forth in this
Agreement, the Act and other applicable law. 
 11.3 Meetings. Meetings of Members shall not be mandatory but may be called by any
Manager or by any Member. Any such meetings will be held at the principal place of business of the Company, or at such other location as determined by the Managing Board Member or the Members, or may be held by means of conference telephone or
similar communications equipment by means of which all persons participating in the meeting can hear each other. 
 11.4 Quorum.
Except as may be otherwise required by the Act, the Certificate or this Agreement, the presence in person or by proxy of Persons representing sixty-six percent (66%) of the total votes that all of the Members are entitled to cast will be
necessary to constitute a quorum at any meeting of Members. In the absence of a quorum at any such meeting, a majority of the votes so represented may adjourn the meeting from time to time for a period not to exceed sixty (60) days without
further notice. However, if at the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting must be given to each Member of record entitled to vote at the meeting. At such adjourned meeting at which a
quorum is present or represented, any business may be transacted which might have been transacted at the meeting as originally noticed. Members present at a duly organized meeting may continue to transact business until adjournment, notwithstanding
the withdrawal during such meeting of Members whose absence would cause less than a quorum to be present. 

  
 - 16 - 

 11.5 Manner of Acting. If a quorum is present, the affirmative vote of sixty-six percent
(66%) of the votes present and voting will be the act of the Members, except as expressly provided otherwise by this Agreement. 
 11.6
Proxies. At all meetings of Members, a Member may vote in person or by proxy. A Member may appoint a proxy by executing a writing which authorizes another Person or Persons to vote or otherwise act on the Member’s behalf. Such writing
must be filed with the Managing Board Member before or at the time of the meeting. No appointment of proxy is valid after eleven (11) months from the date of its execution, unless otherwise provided in the appointment writing. 

11.7 Action by Members Without a Meeting. Actions required or permitted to be taken at a meeting of Members may be taken without a
meeting if the action are taken by Members who would be entitled to vote not less than the minimum number of votes that would be necessary to authorize or take the action. The action must be evidenced by one or more written consents describing the
action taken, signed by the Members entitled to take such action and delivered to the Company for inclusion in its records. Action taken under this Section 11.7 is effective when the Members required to approve such action have signed the
consent, unless the consent specifies a different effective date. The record date for determining Members entitled to take action without a meeting is the date the first Member signs a written consent. 

11.8 Notice. The Managing Board Member must provide each Member with prior notice of at least five (5) business days and not more
than sixty (60) calendar days for a meeting of the Members. The notice must contain the date, time and place of such meeting. Unless otherwise required by the Act, the notice need not state the purpose or purposes of the meeting. Information as
to how a Member can participate by telephone or other similar communications system will be provided by the Managing Board Member promptly upon request. 

11.9 Waiver of Notice. A Member may waive any notice required by the Certificate or this Agreement before or after the date and time of
the meeting or event for which notice is required or before or after the date and time stated in the notice. The waiver must be in writing, be signed by the Member entitled to the notice and be delivered to the Company for inclusion in its records.
A Member’s attendance at a meeting waives objection to lack of notice or defective notice of the meeting, unless the Member at the beginning of the meeting objects to holding the meeting or transacting business at the meeting. 

11.10 Loans. The Members may lend money to the Company as approved by the Board. If a Member lends money to the Company pursuant to
this Section 11.10, the amount of any such loan is not an increase in the Member’s Capital Contribution or Units, nor does it entitle the Member to any increase in the share of distributions of the Company, nor subject the Member to any
greater proportion of the Losses that the Company may sustain. The amount of any such loan will be a debt due from the Company to the Member, at such rates and on such terms consistent with fair market value and available from an independent third
party as determined by unanimous vote of the Board, but in no event less than the Applicable Federal Rate published by the IRS. 

  
 - 17 - 

 11.11 Limitation on Authority of Members. No Member is an agent of the Company solely by
virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 11.11 supersedes any authority granted to the Members by the Act. Any Member who takes any action or binds the Company
in violation of this Agreement will be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and will indemnify and hold the Company harmless with respect to the loss or expense. 

11.12 Reimbursement of Costs and Expenses. Any Member acting for and on behalf of the Company will be entitled to reimbursement for all
reasonable expenses, costs and other liabilities reasonably incurred on behalf of the Company, except to the extent that such expenses, costs and other liabilities are incurred in connection with services that the Member has agreed to perform for
the Company as a contribution to its capital and subject to the approval of the Board when required by Section 10.9. 
 11.13 Tax
Matters Partner. Initially, the tax matters partner shall be the ACH. The tax matters partner shall have the following duties with respect to the Company, along with any other duties required by the Code, to the extent and in the manner provided
by the Code: 
 (a) Furnish the name, address, profits interest and taxpayer identification number of each Member to the IRS; 

(b) Keep each Member informed of the administrative and judicial proceedings for the adjustment of any item required to be taken into account
by a Member for income tax purposes; and 
 (c) Within thirty (30) days of receiving a notice of a Company audit by the IRS, forward a
copy of such notice to the Members. 
 The Company shall indemnify and reimburse the tax matters partner for all expenses, including legal and accounting
fees, claims, liabilities, losses and damages incurred in connection with any administrative or judicial proceeding with respect to the tax liability of the Company or the Members and against any and all loss, liability, cost or expense, including
judgments, fines, amounts paid in settlement and attorneys’ fees and expenses, incurred by the tax matters partner in any civil, criminal or investigative proceeding in which the tax matters partner is involved or threatened to be involved
solely by virtue of being tax matters partner, except such loss, liability, cost or expense arising by virtue of the tax matters partner’s gross negligence, fraud, malfeasance, breach of fiduciary duty or intentional misconduct. The payment of
all such expenses shall be made before any distributions are made. The taking of any action and the incurring of any expense by the tax matters partner in connection with any such proceeding, except to the extent required by law, is a matter in the
sole discretion of the tax matters partner and indemnification set forth in this Agreement shall be fully applicable to the tax matters partner in its capacity as such. 

  
 - 18 - 

 ARTICLE XII 

RESTRICTIVE COVENANTS; RIGHTS OF PARTICIPATION 

12.1 Confidentiality. Each Member, Manager or owner of any Member agrees that it will not, directly or indirectly, (i) during the
time it is a Member, Manager or owner of any Member and thereafter, divulge to any Person, or use for its own benefit, any Confidential Information of the Company or any other Member or Manager or Affiliate thereof, or (ii) at any time divulge
to any Person, or use for its own benefit, any trade secrets of the Company or any other Member or Manager thereof or its Affiliates for so long as such trade secret constitutes a trade secret under applicable law. Each Member, Manager or owner of
any Member acknowledges that it will have access to certain Confidential Information, trade secrets and other proprietary information which is exclusively the property of other Members, their Affiliates or the Company. 

12.2 Non-Competition. At any time MedTX is a Member and for a period of two (2) years thereafter, neither MedTX nor any of its
direct or indirect owners who are owned by a physician (each a “Non-Compete Party”) shall, without the prior written consent of the Managing Board Member which consent may be exercised in its sole discretion, directly or indirectly own or
participate in any manner in the ownership of any entity that operates a competing facility with the Hospital (including, without limitation, an ambulatory surgical center (“ASC”), hospital or office-based or practice-based facility or
operating site or room that provides any of the services then offered by the Hospital) within fifteen (15) miles of the Hospital or any of its departments. The preceding sentence shall not be construed to prevent a Non-Compete Party or any of
its Affiliates from (a) maintaining staff privileges at any facility, (b) providing professional services and earning a professional fee thereon (but not acting as an owner) in any other healthcare facility, or (c) owning less than 1%
of the outstanding securities of any issuer that are traded on a public market. Notwithstanding anything within this Section 12.2 to the contrary, the restrictions in this Section will not apply to the ownership of interests by the indirect
physician owners of MedTX in an ASC located on, or proximate to, the Hospital’s campus that is developed by the Company and commences operations while the PSA, as defined in Section 13.5, is still in effect. In addition, the restrictions
of this Section 12.2 shall not apply to the ownership of the medical office building referenced in Section 1(A) of the PSA. 

12.3 Injunctive Relief. The obligations of the Members stated under Sections 12.1 and 12.2 shall be enforceable both of law and in
equity, by injunctions, specific performance, damages or other remedy and without the necessity of parties by bond or other security. The right of the Company to obtain any such remedy shall be cumulative and not alternative and shall not be
exhausted by any one or more uses thereof. Each party hereby acknowledges that the restrictions set forth in this Article XII are minimal, reasonable in scope and duration and necessary to protect the legitimate interests of the parties and that any
breach or threatened breach of these restrictions will result in irreparable harm to the non-breaching party. In the event that any of the restrictions are found by a court of competent jurisdiction to be too broad to permit enforcement to its full
extent, then such restrictions shall be enforced to the maximum extent allowable by law and the parties hereby consent to and authorize the court to modify the restrictions in a manner to permit their enforcement. 

  
 - 19 - 

 ARTICLE XIII 

TRANSFER OF UNITS IN THE COMPANY 

13.1 In General. A Member may not sell, assign, pledge, convey, grant a security interest in or otherwise transfer any or all of the
Units owned by it or any interest in a Unit, except as otherwise set forth herein: 
 (a) The Board (excluding the Manager appointed by the
transferring Member) has approved and consented in writing to the sale, assignment, pledge or transfer of a Unit, except that, without such consent and approval, the Members shall have the right to transfer their interests to Affiliates, so long as
(i) such transfer complies with Section 13.1(c); and (ii) the transferee entity remains an Affiliate of the transferring Member. 

(b) Notwithstanding the preceding sentence, any purported sale, assignment, or transfer of any Unit or the admission of any Person as a
substituted Member that would, in the opinion of counsel to the Company, result in any of the following is impermissible: 
 (i) a
termination of the Company within the meaning of the Code; 
 (ii) a violation of any applicable federal or state law pertaining to
securities regulation. 
 (c) The transferring Member and its purchaser, assignee or transferee must execute and deliver to the Company such
instruments of transfer and assignment with respect to such transaction as are in form and substance satisfactory to the Board, including, without limitation, the written acceptance and adoption by such Person of the provisions of this Agreement,
including the prohibition on further transfers as outlined in Section 13.1(b), if applicable. 
 (d) Such transferring Member must pay
the Company a transfer fee which is sufficient to pay all reasonable expenses of the Company in connection with such transaction. 
 13.2
Substituted Members. Any Affiliate of a Member shall become a substituted Member upon satisfaction of the conditions set forth in Section 13.1 with respect to such transferee. Any other purchaser, assignee or transferee of a Unit shall
become a substituted Member within the meaning of the Act if: 
 (a) The Board, excluding the Manager appointed by the transferring Member,
has consented in writing to such Person becoming a substituted Member; 
 (b) Such Person executes and acknowledges such other instruments
as the Managing Board Member reasonably deems necessary or advisable to effect the admission of such Person as a substituted Member, including, without limitation, the written acceptance and adoption by such Person of the provisions of this
Agreement; and 
 (c) Such Person pays a transfer fee to the Company which is sufficient to cover all reasonable expenses connected with the
admission of such Person as a substituted Member within the meaning of the Act. 

  
 - 20 - 

 Upon satisfaction of these conditions, the Managing Board Member shall take any other steps
which, in the opinion of the Managing Board Member, are reasonably necessary to admit such Person as a substituted Member under the Act. 

13.3 Additional Members. No new Member will be entitled to any retroactive allocation of Profits or Losses. The admission of an
additional Member will not become effective until such additional Member becomes a party to this Agreement as a Member and executes such documents and instruments as the Managing Board Member deems necessary or appropriate to confirm such additional
Member as a Member and such additional Member’s agreement to be bound by the terms and conditions of this Agreement. 
 13.4 Rights
of Transferees. Unless admitted to the Company in accordance with this Article XIII, or unless the transferee is an Affiliate of a Member, any transferee of Units shall not be entitled to any of the rights, powers or privileges of its
predecessor in interest, except that it will be entitled to receive and be credited or debited with its proportionate share of Profits, Losses, and distributions. 

13.5 Purchase Option. If NeuroTexas, PLLC, a Texas professional limited liability (“NTPLLC”) terminates its Professional
Services Agreement (the “PSA”) with LRMC Physician Services, Inc. (“LRMCPS”) dated March    , 2015 for any reason other than a default by LRMC Physician Services, Inc. (the “Triggering Event”), then
ACH shall have an option to purchase MedTX’s entire interest in the Company (the “Option”). The Option may be exercised at any time after the Triggering Event by ACH delivering a written notice of exercise to MedTX (the “Purchase
Notice”). Within 30 days of the delivery of the Purchase Notice, ACH shall close on the purchase by delivering cash or wire transfer of immediately available funds in the amount of $1,000,000 plus accrued interest thereon at the annual rate of
8% from the date of MedTX’s acquisition of its Units. The purchase and sale shall become effective on the date the funds in the foregoing sentence are delivered. Profits and Losses up to Closing shall be allocated between the parties based on
an interim closing of the books basis. Notwithstanding anything in this Agreement to the contrary, a termination by NTPLLC which arises from the default by LRMCPS under the PSA, due to (i) the insolvency of LRMCPS and/or LRMC, or (ii) a
termination of the LRMC Lease shall constitute a Triggering Event. 
 ARTICLE XIV 

WITHDRAWAL 
 Except as
otherwise provided within this Agreement, a Member may not withdraw from the Company, unless the withdrawal is otherwise consented to by the Board (excluding the Manager appointed by the Member seeking to withdraw). 

ARTICLE XV 
 DISSOLUTION
AND WINDING UP OF THE COMPANY 
 15.1 Dissolution of the Company. The Company will be dissolved upon the occurrence of any of the
following events: 
 (a) all or substantially all of the assets of the Company are sold, exchanged or otherwise transferred (unless the
Board has determined to continue the business of the Company, in which event the Company will continue until the Members elect to dissolve the Company); 

  
 - 21 - 

 (b) the vote by the Board as provided in Section 10.9; 

(c) the entry of a final judgment, order or decree of a court of competent jurisdiction adjudicating the Company to be bankrupt and the
expiration without appeal of the period, if any, allowed by applicable law in which to appeal, provided, that so long as the ACH Note is outstanding, the Company shall not, and the Members or the Board shall not permit the Company to file a
voluntary petition or otherwise initiate proceedings to have the Company adjudicated bankrupt or insolvent, or consent to the institution of bankruptcy or insolvency proceedings against the Company, or file a petition seeking or consenting to
reorganization or relief of the Company as debtor under any applicable federal or state law relating to bankruptcy, insolvency, or other relief for debtors with respect to the Company; or seek or consent to the appointment of any trustee, receiver,
conservator, assignee, sequestrator, custodian, liquidator (or other similar official) of the Company or of all or any substantial part of the properties and assets of the Company (in each case, other than at the direction or request of the holder
of the ACH Note under the terms of the ACH Loan Documents), or make any general assignment for the benefit of creditors of the Company, or admit in writing the inability of the Company to pay its debts generally as they become due or declare or
effect a moratorium on the Company debt or take any action in furtherance of any such action; 
 (d) at any time there are no Members; or

 (e) the entry of a decree of judicial dissolution. 

Notwithstanding anything to the contrary contained herein, so long as the ACH Note is outstanding, the Company shall not, and the Members or
the Board shall not permit the Company to, (i) seek the dissolution or winding up, in whole or in part, of the Company, (ii) merge into or consolidate with any person or entity or dissolve, terminate or liquidate, in whole or in part,
transfer or otherwise dispose of all or substantially all of its assets or change its legal structure, or (iii) amend, modify or alter this Section 15.1, in each case, without the prior written consent of the holder of the ACH Note. 

15.2 Effect of Bankruptcy, Death or Incompetency of a Member. The bankruptcy, death, dissolution, liquidation, termination or
adjudication of incompetency of a Member shall not cause the termination or dissolution of the Company and the business of the Company shall continue. Upon any such occurrence, the trustee, receiver, executor, administrator, committee, guardian or
conservator of such Member shall have all the rights of such Member for the purpose of settling or managing its estate or property, subject to satisfying conditions precedent to the admission of such assignee as a substitute Member. The transfer by
such trustee, receiver, executor, administrator, committee, guardian or conservator of any Company interest shall be subject to all of the restrictions hereunder to which such transfer would have been subject if such transfer had been made by such
bankrupt, deceased, dissolved, liquidated, terminated or incompetent Member. 

  
 - 22 - 

 15.3 Winding Up of the Company. Upon the dissolution of the Company, the Managing Board
Member shall take full account of the Company’s assets and liabilities, and the assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof. During the dissolution and winding up of the Company, Profits and
Losses shall be allocated among the Members as provided in Article IX. The proceeds from the sale or other disposition of the Company’s assets, to the extent sufficient therefor, shall be applied and distributed as provided in the Act and
this Agreement; provided, however, that after payment of or creating adequate reserves to provide for all Company debts, obligations and liabilities, the remaining Company assets, notwithstanding anything contained in this Agreement to the contrary,
shall be distributed to the Members in accordance with their ending positive Capital Account balances after all allocations and any other Capital Account adjustments for the Fiscal Year are made. All Company assets shall be distributed by the later
of (i) the last day of the tax year of the liquidation as defined in Regulations Section 1.704-1(b) or (ii) 90 days after the liquidation; provided, however, if the Company creates reserves or holds installment obligations owed
to Company, such amounts will be distributed as soon as practicable and in the ratios of the Members’ ending positive Capital Account balances. 

15.4 Certificate of Cancellation. Upon the dissolution and commencement of the winding up of the Company, the Members shall cause a
Certificate of Cancellation to be executed on behalf of the Company and filed with the Division. The Members shall execute, acknowledge and file any and all other instruments necessary or appropriate to reflect the dissolution of the Company. 

ARTICLE XVI 
 BOOKS OF
ACCOUNT, ACCOUNTING, REPORTS, FISCAL 
 YEAR, BANKING AND TAX ELECTION 

16.1 Books of Account. The Company’s books and records (including a current list of the names and addresses of all Members) and an
executed copy of this Agreement, as currently in effect, shall be maintained at the principal office of the Company, and each Member shall have access thereto at all reasonable times. The books and records shall be kept by the Managing Board Member
using an appropriate method of accounting consistently applied and shall reflect all Company transactions and be appropriate and adequate for the Company’s business. The Managing Board Member shall also keep adequate federal income tax records
using an appropriate method of accounting applied on a consistent basis. 
 16.2 Financial Reports. As soon as reasonably practicable
after the end of each Fiscal Year, but not later than March 31 of the next succeeding year, an unaudited balance sheet of the Company as of the last day of such Fiscal Year and unaudited statements of income or loss of the Company for such year
shall be made available to each Member by the Managing Board Member. In addition, the Managing Board Member will make available to the Members unaudited quarterly summaries of its operations. All such financial statements shall be prepared on an
accrual basis of accounting in accordance with generally accepted accounting principles consistently applied. The Managing Board Member shall also furnish to each Member not later than June 15 of each year whatever information may be necessary
for Members to file their federal income tax returns. The Managing Board Member will also make available to each Member a copy or summary of all state and/or local tax returns which are filed by the Company. 

  
 - 23 - 

 
The Managing Board Member will make available to the Members any audited balance sheet of the Company, if one has been prepared. Notwithstanding the foregoing, the Members shall have the right,
as provided under Section 18-305 of the Act, to gain access to and inspect the books and records of the Company. 
 16.3 Fiscal
Year. The fiscal year of the Company shall be the calendar year. 
 16.4 Tax Election. Upon the transfer of an interest in the
Company or in the event of a distribution of the Company’s property, the Company may, but is not required to, elect pursuant to Code Section 754 to adjust the basis of the Company’s property as allowed by Sections 734(b) and
743(b) thereof; provided, however, that upon the request of either Initial Members, the Company shall elect pursuant to Code Section 754 to adjust the basis of the Company’s property as allowed by Sections 734(b) and
743(b) thereof and cause, where possible, such an election to be made by any partnership in which the Company is a partner, directly or indirectly. 

16.5 Tax Returns. The Managing Board Member shall, for each Fiscal Year, file on behalf of the Company with the IRS a Company Return
within the time prescribed by law (including any extensions) for such filing. The Managing Board Member shall also file on behalf of the Company such state and/or local income tax returns as may be required by law. 

ARTICLE XVII 
 POWER OF
ATTORNEY 
 17.1 Appointment of Attorney-in-Fact. Subject to the rights of the Members as set forth in this Agreement, each
Member hereby makes, constitutes and appoints Managing Board Member, with full power of substitution and resubstitution, its agent and attorney-in-fact to file for record, and to sign, execute, certify, acknowledge, and file for record any other
instruments which may be required of the Company with respect to the Company’s business by law, including, but not limited to, amendments to or cancellations of this Agreement or the Certificate that have been approved by the Board and/or
Members as provided in this Agreement. 
 17.2 Effect of Power. The power of attorney granted pursuant to Section 17.1 of this
Agreement is a special power of attorney coupled with an interest, is irrevocable, and shall survive the dissolution of the granting Member. 

ARTICLE XVIII 
 LIABILITY
AND INDEMNIFICATION 
 18.1 Liability. Except as otherwise expressly provided by the Act, the debts, obligations and liabilities
of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and none of the Members or the Managers shall be obligated personally for any such debt, obligation or liability
of the Company solely by reason of being a Member or Manager. Except as otherwise expressly required by law, a Member shall have no liability in excess of (a) the amount of its Capital Contributions, (b) its share of any assets and
undistributed Profits of the Company, (c) its obligation, if any, in writing signed by the Member to make any other payments, and (d) the amount of any distributions wrongfully or erroneously distributed to the Member. 

  
 - 24 - 

 18.2 Exculpation. The Managers and Members of the Company shall not be liable to the
Company or other Member(s) or Managers for any loss, damage or claim incurred by reason of any act or omission performed or omitted in good faith on behalf of the Company and in a manner reasonably believed by the Managers or Members to be within
the scope of authority conferred on such Person by this Agreement, except that the foregoing shall not exclude or limit any Person’s liability for willful misconduct or breach of this Agreement. The Managers and Members shall be fully protected
in relying in good faith upon the records of the Company and upon such information, opinions, reports or statements presented to the Company by any Person as to matters the Manager or Members reasonably believe are within such other Person’s
professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits, losses, or any
other facts pertinent to the existence and amount of assets from which distributions to Members might properly be paid. 
 18.3
Indemnification. To the fullest extent permitted by applicable law, the Managers and each Member shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Persons by reason of any act or omission
performed or omitted by such Persons in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of authority conferred on such Person by this Agreement, except that no Person shall be entitled to be indemnified
in respect of any loss, damage or claim incurred by such Person by reason of willful misconduct or breach of this Agreement with respect to such acts or omissions; provided, however, that any indemnity under this Section 18.3 shall be provided
out of and to the extent of Company assets only, and no Person other than the Company shall have any personal liability on account thereof. 

Notwithstanding anything to the contrary contained in this Agreement, any indemnification claim against the Company arising under this
Agreement, the Certificate of Formation or the laws of the state of organization of the Company shall be fully subordinate to any obligations arising under the ACH Loan and any of the documents evidencing, securing or otherwise relating to the ACH
Loan, and shall only constitute a claim against the Company to the extent of, and shall be paid by the Company in monthly installments only from, the excess of Available Cash Flow over all amounts then due under the ACH Loan Documents. 

18.4 Expenses. To the fullest extent permitted by applicable law, expenses (including legal fees) incurred by the Managers or Members
in defending any claim, demand, action, suit or proceeding arising by reason of the fact that the Person is or was a Manager or Member, funds shall, from time to time, be advanced by the Company prior to the final disposition of such claim, demand,
action, suit or proceeding upon receipt by the Company of an undertaking by or on behalf of the covered person to repay such amount if it shall be determined that the covered Person is not entitled to be indemnified as authorized in
Section 18.3 hereof. 
 18.5 Insurance. The Company may purchase and maintain insurance on behalf of the Managers or Members,
the Company and such other Persons as the Board shall determine, against any liability that may be asserted against or expenses that may be incurred by any such Person in connection with the activities of the Company, regardless of whether the
Company would have the power to indemnify such Person against such liability under the provisions of this Agreement. 

  
 - 25 - 

 ARTICLE XIX 

MISCELLANEOUS 
 19.1
Notices. Except as otherwise provided in this Agreement, any notice, payment, demand, request or communication required or permitted to be given by any provision of this Agreement shall be in writing and shall be duly given if given to the
applicable party at its address or facsimile number on Schedule I or Exhibit A attached hereto or to such other address as such Party may from time to time specify by written notice to the Members and the Managers; and 

Any such notice shall, for all purposes, be deemed to be given and received: 

(a) if given by facsimile, when the facsimile is transmitted to the party’s facsimile number specified above and confirmation of complete
receipt is received by the transmitting party during normal business hours on any business day or on the next business day if not confirmed during normal business hours; 

(b) if by hand, when delivered; 

(c) if given by nationally recognized and reputable overnight delivery service, the business day on which the notice is actually received by
the party; or 
 (d) if given by certified mail, return receipt requested, postage prepaid, two business days after posted with the United
States Postal Service. 
 19.2 Certificates Representing Ownership of Units. All right, title, interest and claims or rights of the
Member now or hereafter acquired as a member of the Company, including, without limitation, the Units and all rights and interests of the Member under this Agreement (collectively, the “Membership Interest”) is and shall be personal
property for all purposes and shall be a “security” as defined in, and governed by, Article 8 of the Uniform Commercial Code as in effect from time to time in the State of Delaware (the “UCC”). Each Member’s
Membership Interests shall be evidenced by a certificate in the form attached hereto as Exhibit B. Such certificates representing ownership of Units in the Company may be executed and delivered by the Secretary of the Company (or the Managing
Board Member, if no Secretary is appointed) on behalf of the Company, shall be in the name of the Company, shall set forth the name of the Member and the number of any Units owned or held by each such Member and shall bear the following legend:
“This certificate evidences an interest in Lakeway Realty, L.L.C., and shall be a security governed by Article 8 of the Uniform Commercial Code as in effect in from time to time in the State of Delaware (the “UCC”) and, to the
extent permitted by applicable law, each other applicable jurisdiction, and the transfer of the interest evidenced by this Certificate may be registered as provided in Section 8-102(a)(13) of the UCC.” All certificates shall be
consecutively numbered or otherwise identified. No Member will amend this Agreement or any other formation, governing or organizational document of Company to (i) provide that any Member’s Membership Interests in the Company are not
securities governed by Article 8 of the UCC or to otherwise “opt out” of Article 8 of the UCC, or (ii) permit the Company to issue uncertificated Membership Interests, and any such purported amendment shall be null and void. The
Membership Interests described in this Agreement have not been registered under the Securities Act of 1933, as amended, or under the securities laws of the State 

  
 - 26 - 

 
of Delaware or any other jurisdiction. Consequently, these interests may not be sold, transferred, assigned, pledged, hypothecated or otherwise disposed of, except in accordance with the
provisions of such laws and this Agreement. By executing this Agreement, each Member represents and acknowledges that it is acquiring its Membership Interest for investment purposes only and without a view to distribution. 

19.3 Section Captions. Section and other captions contained in this Agreement are for reference purposes only and are in no way
intended to describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof. 
 19.4
Severability. Every provision of this Agreement is intended to be severable. If any term or provision of this Agreement is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the
remainder of this Agreement. 
 19.5 Waiver of Action for Partition. Each Member irrevocably waives during the term of the Company
and during the period of its liquidation following any dissolution, any right to maintain any action for partition with respect to any of the assets of the Company. 

19.6 Counterpart Execution. This Agreement may be executed in one or more counterparts all of which together shall constitute one and
the same Agreement. 
 19.7 Parties in Interest. Except as otherwise provided in this Agreement, this Agreement shall be binding upon
the parties hereto and their successors, heirs, devisees, assigns, legal representatives, executors and administrators. 
 19.8
Compliance with Laws. The Members agree that all business activities and operations of the Company and its Members conform, and shall continue to conform, with applicable provisions of law. 

19.9 Integrated Agreement. This Agreement, including the exhibits, constitutes the entire understanding and agreement among the parties
hereto with respect to the subject matter hereof, and there are no agreements, understandings, restrictions, representations or warranties among the parties other than those set forth herein or herein provided for. 

19.10 Amendment. This Agreement may be amended only by written agreement of all Members of the Company. 

19.11 Governing Law. The laws of Delaware shall govern the validity of this Agreement, the construction of its terms, and the
interpretation of the rights and duties of the Members. 
 [SIGNATURES ON NEXT PAGE] 

  
 - 27 - 

 IN WITNESS WHEREOF, this Agreement has been executed as of the date first above written. 

 

			
	MRT OF LAKEWAY TX – ACH, LLC
		
	By:	 	 /s/ Jeffery C. Walraven

	Name:	 	Jeffery C. Walraven
	Title:	 	Executive Vice President, Chief Financial
		 	Officer, Secretary & Treasurer
	
	MEDTX REALTY, L.L.C.
		
	By:	 	 /s/ Douglas J. Fox Jr., M.D.

	Name:	 	/s/ Douglas J. Fox Jr., M.D.
	Title:	 	President

 By signing this Agreement, the following individuals represent that they are the only indirect physician
owners of MedTX, and agree to be bound by Sections 12.2 and 12.3 of this Agreement. 
  

							
	By:	 	 /s/ Mark G. Burnett, M.D.
	 		 	 March 23, 2015

		 	Mark G. Burnett, M.D.	 		 	Date of Signature
				
	By:	 	 /s/ Douglas J. Fox Jr., M.D.
	 		 	 March 23, 2015

		 	Douglas J. Fox, M.D.	 		 	Date of Signature
				
	By:	 	 /s/ K. Michael Webb, M.D.
	 		 	 March 23, 2015

		 	K. Michael Webb, M.D.	 		 	Date of Signature

  
 - 28 - 

 EXHIBIT A 

MANAGERS 
  

							
	ACH:	  	 Jeffrey C. Walraven

				
		  	Address	 		  	3100 West End Ave., Suite 1000
		  		 		  	Nashville, TN 37203
		  	Fax	 		  	
		
	MedTX:	  	 Ray A. Wilkerson

				
		  	Address 	 	c/o	  	RKMed, Ltd.
		  		 		  	8015 Shoal Creek Blvd., Suite 207
		  		 		  	Austin, Texas 78757
		  		 		  	Attention: Ray Wilkerson

 SCHEDULE I 

MEMBERS, PERCENTAGE INTERESTS AND CAPITAL
CONTRIBUTIONS 
  

													
	 Name and Address
	  	Capital
Contributions	 	  	Units	 	  	Percentage
Interest	 
				
	 MRT of Lakeway TX - ACH, LLC

3102 West End Ave., Suite 400

Nashville, TN 37203
	  	$	1,040,000	  	  	 	51	  	  	 	51.00	% 
				
	 MedTx Realty, L.L.C.

c/o RKMed, Ltd

Attn: Ray Wilkerson

8015 Shoal Creek Blvd., Suite 207

Austin, Texas 78757
	  	$	1,000,000	  	  	 	49	  	  	 	49.00	% 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
				
	 Total
	  	$	2,040,000	  	  	 	100	  	  	 	100.00	%EX-10.30

 Exhibit 10.30 
  

 
 PURCHASE AND SALE AGREEMENT

 by and between 

GruenePointe Acquisition I, LLC 

as Seller, 
 and

 MRT of San Antonio TX — SNF I, LLC 

MRT of San Antonio TX — SNF II, LLC 

MRT of Graham TX — SNF, LLC 

MRT of Kemp TX — SNF, LLC 

MRT of Kerens TX — SNF, LLC 

MRT of Brownwood TX — SNF, LLC 

MRT of El Paso TX — SNF, LLC 

MRT of Kaufman TX — SNF, LLC 

MRT of Longview TX — SNF, LLC 

MRT of Mt. Pleasant TX — SNF, LLC 

as Purchasers 
 Dated:
July 29, 2015 
  
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I PROPERTY
	  	 	1	  
		
	 Section 1.01 Property
	  	 	2	  
		
	 ARTICLE II PURCHASE PRICE/CLOSING
	  	 	3	  
		
	 Section 2.01 Purchase Price
	  	 	3	  
		
	 Section 2.02 Payment of Purchase Price
	  	 	3	  
		
	 ARTICLE III CONTINGENT PURCHASE PRICE
	  	 	3	  
		
	 Section 3.01 Contingency
	  	 	3	  
		
	 Section 3.02 Vesting of Contingent Purchase Price
	  	 	3	  
		
	 Section 3.03 Forfeiture
	  	 	4	  
		
	 Section 3.04 Guaranty
	  	 	4	  
		
	 ARTICLE IV REVIEW PERIOD
	  	 	5	  
		
	 Section 4.01 Review Period
	  	 	5	  
		
	 Section 4.02 Review Items
	  	 	5	  
		
	 Section 4.03 Inspection
	  	 	5	  
		
	 Section 4.04 Title Commitment and Survey Review
	  	 	5	  
		
	 Section 4.05 Termination Notice
	  	 	5	  
		
	 Section 4.06 Termination
	  	 	6	  
		
	 Section 4.07 Seller’s Obligation to Remove Liens
	  	 	6	  
		
	 Section 4.08 Environmental Audit
	  	 	6	  
		
	 ARTICLE V GOOD AND INSURABLE TITLE
	  	 	6	  
		
	 Section 5.01 Conveyance
	  	 	6	  
		
	 Section 5.02 Owner Policy
	  	 	7	  
		
	 Section 5.03 Mechanic’s Liens
	  	 	7	  
		
	 ARTICLE VI CLOSING
	  	 	7	  
		
	 Section 6.01 Closing
	  	 	7	  
		
	 Section 6.02 Seller’s Obligations
	  	 	7	  
		
	 Section 6.03 Purchasers’ Obligations
	  	 	8	  
		
	 Section 6.04 Transfer of Roof and Other Warranties
	  	 	8	  
		
	 Section 6.05 Possession
	  	 	8	  
		
	 Section 6.06 Due Diligence and Other Costs
	  	 	9	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 ARTICLE VII CLOSING ADJUSTMENTS
	  	 	9	  
		
	 Section 7.01 General Prorations
	  	 	9	  
		
	 Section 7.02 Specific Prorations
	  	 	10	  
		
	 Section 7.03 Closing Costs
	  	 	10	  
		
	 Section 7.04 Brokerage Commissions
	  	 	10	  
		
	 Section 7.05 Survival
	  	 	11	  
		
	 ARTICLE VIII DEFAULT AND REMEDIES
	  	 	11	  
		
	 Section 8.01 Termination of Agreement prior to Closing
	  	 	11	  
		
	 Section 8.02 Notice of Termination; Effect of Termination
	  	 	12	  
		
	 Section 8.03 Purchasers’ Default
	  	 	12	  
		
	 Section 8.04 Seller’s Default
	  	 	12	  
		
	 ARTICLE IX REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	13	  
		
	 Section 9.01 Seller’s Representations
	  	 	13	  
		
	 Section 9.02 Purchasers’ Representations
	  	 	14	  
		
	 Section 9.03 Discovery
	  	 	14	  
		
	 Section 9.04 Conditions Precedent
	  	 	14	  
		
	 Section 9.05 Exclusivity
	  	 	16	  
		
	 Section 9.06 LD Purchase Agreement
	  	 	16	  
		
	 Section 9.07 Survival
	  	 	16	  
		
	 ARTICLE X NOTICES
	  	 	16	  
		
	 Section 10.01 Notices
	  	 	16	  
		
	 ARTICLE XI RISK OF LOSS
	  	 	17	  
		
	 Section 11.01 Minor Damage
	  	 	17	  
		
	 Section 11.02 Major Damage
	  	 	18	  
		
	 Section 11.03 Seller and Purchaser Risk
	  	 	18	  
		
	 Section 11.04 Condemnation
	  	 	18	  
		
	 ARTICLE XII MISCELLANEOUS
	  	 	18	  
		
	 Section 12.01 Entire Agreement
	  	 	18	  
		
	 Section 12.02 No Rule of Construction
	  	 	19	  
		
	 Section 12.03 Multiple Counterpart; Governing Law
	  	 	19	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 12.04 Attorneys’ Fees
	  	 	19	  
		
	 Section 12.05 Interpretation
	  	 	19	  
		
	 Section 12.06 Exhibits
	  	 	20	  
		
	 Section 12.07 Modifications
	  	 	20	  
		
	 Section 12.08 Reporting Person
	  	 	20	  
		
	 Section 12.09 Time of Essence
	  	 	20	  
		
	 Section 12.10 Notices
	  	 	20	  
		
	 Section 12.11 Restructuring
	  	 	22	  
		
	 Section 12.12 Assignment by Purchasers
	  	 	22	  
		
	 Section 12.13 No Recordation
	  	 	22	  
		
	 Section 12.14 Additional Agreements; Further Assurances
	  	 	22	  
		
	 Section 12.15 ERISA
	  	 	22	  
		
	 Section 12.16 WAIVER OF JURY TRIAL
	  	 	23	  
		
	 Section 12.17 Section 1031 Exchange
	  	 	23	  
		
	 Section 12.18 SPECIAL PROVISIONS – TEXAS
	  	 	23	  

  
 -iii- 

 INDEX OF DEFINITIONS 

 

					
	A	  			
		
	 Agreement
	  	 	1	  
	 Applicable Laws
	  	 	12	  
	 Assessments
	  	 	20	  
		
	B	  			
		
	 Bill of Sale
	  	 	7	  
	 Broker
	  	 	10	  
		
	C	  			
		
	 Closing
	  	 	7	  
	 Closing Costs
	  	 	10	  
	 Closing Date
	  	 	7	  
	 Commission
	  	 	10	  
	 Contingent Purchase Price
	  	 	3	  
		
	D	  			
		
	 Deeds
	  	 	7	  
	 Disclosure Schedule
	  	 	12	  
	 Due Diligence Costs
	  	 	8	  
		
	E	  			
		
	 Earnout Conditions
	  	 	3	  
	 Earnout Date
	  	 	3	  
	 Effective Date
	  	 	1	  
	 Entitlements
	  	 	2	  
	 ETJ
	  	 	20	  
		
	F	  			
		
	 Facilities
	  	 	1	  
	 FIRPTA Affidavit
	  	 	7	  
	 Fixed Purchase Price
	  	 	3	  
		
	I	  			
	 Improvements
	  	 	2	  
	 Intangible Property
	  	 	2	  
		
	L	  			
		
	 LD Closing
	  	 	1	  
	 LD Purchase Agreement
	  	 	1	  
	 Lease
	  	 	1	  
	 Loan Guarantors
	  	 	4	  
	 Loan Guaranty
	  	 	4	  

  
 iv 

					
	N	  			
		
	 New Operators
	  	 	1	  
		
	O	  			
		
	 OTA
	  	 	1	  
	 Owner Policies
	  	 	6	  
		
	P	  			
		
	 Permitted Exceptions
	  	 	6	  
	 Personal Property
	  	 	2	  
	 Property
	  	 	2	  
	 Purchase Price
	  	 	3	  
	 Purchaser
	  	 	1	  
	 Purchasers
	  	 	1	  
		
	R	  			
		
	 Real Property
	  	 	2	  
	 Review Period
	  	 	4	  
		
	S	  			
		
	 Seller
	  	 	1	  
	 Service Contracts
	  	 	2	  
	 Surveys
	  	 	5	  
		
	T	  			
		
	 Title Commitments
	  	 	5	  
	 Title Company
	  	 	3	  

  
 v 

 PURCHASE AND SALE AGREEMENT 

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is made and entered into as of the 29th day of July, 2015 (the “Effective Date”), by and among GruenePointe Acquisition I, LLC, a Texas limited liability company (“Seller”) and MRT of San
Antonio TX — SNF I, LLC, MRT of San Antonio TX — SNF II, LLC, MRT of Graham TX — SNF, LLC, MRT of Kemp TX — SNF, LLC, MRT of Kerens TX — SNF, LLC, MRT of Brownwood TX — SNF, LLC, MRT of El Paso TX — SNF, LLC, MRT
of Kaufman TX — SNF, LLC, MRT of Longview TX — SNF, LLC, and MRT of Mt. Pleasant TX — SNF, LLC, each, a Delaware limited liability company (collectively, “Purchasers” and each, individually, a
“Purchaser”). 
 WHEREAS, Seller has entered into a Purchase and Sale Agreement, dated May 1, 2015, as
amended by the First Amendment to Purchase Agreement, dated June 29, 2015, and as supplemented by a notice of approval letter dated July 13, 2015 (collectively, the “LD Purchase Agreement”), with Lloyd Douglas Enterprises
L.C. and certain of its affiliates (the “LD Parties”), pursuant to which Seller has agreed to purchase from the LD Parties, and the LD Parties have agreed to sell and convey to Seller or its designees, certain assets, including the Real
Property, as defined in Section 1.01 below, upon which there are located those certain healthcare facilities as described on Exhibit A (the “Facilities”) ; and 

WHEREAS, certain affiliates of Seller (the “New Operators”) have entered into an Operations Transfer Agreement, dated
            , 2015 (the “OTA”), pursuant to which the operations of the Facilities are to be transferred by the LD Parties to the New Operators on the date of the closing
under the LD Purchase Agreement (the “LD Closing”); and 
 WHEREAS, the parties hereto wish to enter into this
Agreement to provide for the terms and conditions upon which, at the LD Closing, Seller shall sell and cause the LD Parties to convey to Purchasers, and Purchasers will purchase and acquire from Seller or the LD Parties, the Property (as defined
below); and 
 WHEREAS, Purchasers and New Operators have entered into a Master Lease, of even date herewith (the
“Lease”), pursuant to which Purchasers have agreed to lease the Property to the New Operators commencing upon the Closing hereunder. 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby mutually acknowledged, the parties hereby agree as follows: 

  
 1 

 ARTICLE I 

PROPERTY 

Section 1.01 Property. At the Closing, and subject to the terms and conditions set forth herein, Seller shall sell, assign,
transfer, convey and deliver or cause LD Parties to assign, transfer, convey and deliver, to Purchasers, and Purchasers shall purchase and acquire from Seller, free and clear of all liens and encumbrances except for the Permitted Exceptions, all of
the following: 
 (a) Real Property. Those certain tracts of real property more particularly described on Exhibit B
attached hereto and made a part hereof for all purposes, together with (i) all and singular the rights and appurtenances pertaining to such real property, including any easements, and all rights in and to adjacent streets, alleys and
rights-of-way, and (ii) any and all water, water rights or similar rights or privileges (including tap rights) appurtenant to or used in connection with the ownership or operation of such real property and (iii) all zoning, conditional
use, variances, waiver, planning approvals, and other planning approvals related to the ownership, operation, and possible future development, expansion, redevelopment, revocation of such real property (the “Entitlements”) (all of
the foregoing being hereinafter collectively referred to as the “Real Property”). 
 (b) Improvements. All
improvements, structures and fixtures now constructed and situated on the Real Property, including, without limitation, the Facilities, together with all parking areas, loading docks and similar facilities, landscaping and other improvements,
structures and fixtures (all of the foregoing being hereinafter collectively referred to as the “Improvements”). 
 (c)
Certain Intangibles. All rights, title and interest in and to (i) all parking agreements, and any and all service and maintenance contracts and related contract rights (collectively, the “Service Contracts”), together
with (ii) all other intangible rights which are appurtenant to the Real Property and/or the Improvements, including (to the extent assignable) all roof, HVAC and other warranties issued with respect to the Improvements and as pertains only to
the Real Property and Improvements, but not otherwise, and (iii) to the extent transferrable, all local, state and federal licensures, approvals, certifications and permits required and necessary for the operation of any of the Improvements for
their current, future and intended use (all of the foregoing being hereinafter collectively referred to as the “Intangible Property”). 

(d) Personal Property. All beds, fixed and moveable equipment, furniture, furnishings, machinery, heating, plumbing, ventilation and air
conditioning systems and equipment, carpet, tile, floor coverings, security devices, sprinkler systems, supplies, telephone exchange numbers, tenant lease files, leasing records, tenant credit reports, telephone systems, audio systems, keys,
surveys, plans and specifications (whether in CAD, electronic or other format), maintenance equipment and supplies and all other tangible personal property situated on the Real Property and used in connection therewith or with the Improvements,
along with Seller’s interest as lessee in any rented or leased personal property, to the extent approved by Purchasers (all of the foregoing being hereinafter collectively referred to as the “Personal Property”). 

  
 2 

 All of the foregoing items purchased under this Agreement including the Real Property,
Improvements, Service Contracts, Intangible Property and Personal Property are collectively referred to as the “Property”. 

ARTICLE II 
 PURCHASE
PRICE/CLOSING 
 Section 2.01 Purchase Price. The total purchase price (the “Purchase Price”) for
the Property is an amount of up to One Hundred Forty-Five Million and no/100 Dollars ($145,000,000.00), consisting of (i) fixed consideration of One Hundred Thirty-Three Million and no/100 Dollars ($133,000,000.00) (the “Fixed Purchase
Price”), and (ii) contingent consideration of Twelve Million and no/100 Dollars ($12,000,000.00) (the “Contingent Purchase Price”). 

Section 2.02 Payment of Purchase Price. On or before the Closing Date, the Purchasers shall deposit with Texas American
Title Company, Austin, Texas (the “Title Company”) an amount in cash equal to the entire Purchase Price. At the Closing, and subject to the conditions of Closing as set forth herein, the parties will direct the Title Company to
disburse the Purchase Price as follows: (i) $130,000,000 to the LD Parties in payment of the purchase price under the LD Purchase Agreement, as such amount may be adjusted at Closing in accordance with the LD Purchase Agreement, and
(ii) the balance of the Purchase Price (including the Contingent Purchase Price) to Seller.  
 ARTICLE III 

CONTINGENT PURCHASE PRICE 

Section 3.01 Contingency. The parties expressly acknowledge and agree that, notwithstanding the payment in full of the
Contingent Purchase Price at the Closing, the entire Contingent Purchase Price shall remain subject to forfeiture by Seller in accordance with the provisions of this Article III. 

Section 3.02 Vesting of Contingent Purchase Price.  

(a) On January 1, 2016, and on January 1 of each of the three (3) calendar years thereafter, to and including January 1,
2019 (each such date, an “Earnout Date”), Three Million Dollars ($3,000,000) of the Contingent Purchase Price automatically shall be deemed fully earned and non-forfeitable (hereinafter, “Vested”), provided that, as
of the applicable Earnout Date, each of the following conditions (collectively, the “Earnout Conditions”) is satisfied: 

  
 3 

 (i) all payments required under the Lease to have been paid by New Operators shall have been
paid, and there shall not have occurred an Event of Default under the Lease or any event that, with the giving of notice or the passage of time, would constitute and Event of Default under the Lease; 

(ii) Tenant’s Net Worth (as defined in the Lease) as of such date is not less than $2,000,000; 

(iii) Tenant’s Net Working Capital (as defined in the Lease) is not less than the greater of (i) $1.75 million, and (ii) an
amount equal to 15% of GPH Parent EBITDARM (as defined in the Lease) for the twelve (12) month period then ended; and 
 (iv)
Tenant’s Rent Coverage Ratio (as defined in the Lease) as of two (2) consecutive Test Dates (as defined in the Lease) for the trailing twelve (12) month periods then ended is not less than 1.5 to 1.0. 

(b) In the event that, as of any Earnout Date, any of the Earnout Conditions shall not have been satisfied, the amount of Contingent Purchase
Price that was eligible to be Vested on such date shall be carried forward and shall Vest on the next succeeding Earnout Date as of which all of the Earnout Conditions shall have been satisfied. If, as of January 1, 2019, any of the Earnout
Conditions shall not be satisfied, there automatically shall be deemed to be added a fifth Earnout Date of January 1, 2020 (the “Extended Earnout Date”), as of which date the entire remaining portion of the Contingent Purchase
Price that, theretofore, shall not have Vested automatically shall become Vested, provided that all of the Earnout Conditions shall have been satisfied as of the Extended Earnout Date. 

Section 3.03 Forfeiture. In the event that, as of the Extended Earnout Date, any of the Earnout Conditions shall not be
satisfied, or if as of any earlier date Purchasers, as Landlord, shall have declared an Event of Default under the Lease as a result of the nonpayment of rent (either such date, as applicable, being referred to herein as the “Maturity
Date”), then the entire then any portion of the Contingent Purchase Price that has not become Vested in accordance with this Article III, together with interest thereon from the date of Closing to the Maturity Date at the rate of three
percent (3%) per annum, shall become immediately due and payable by Seller to Purchasers in equal shares, or in accordance with such other allocation as may be specified in writing by the Purchasers. 

Section 3.04 Guaranty. The obligation of Seller for the repayment of any unvested Contingent Purchase Price as set forth
above shall be unconditionally guaranteed, jointly and severally, by Jerry Williamson, Horace Winchester, David Gunderson, Kenneth A. Kristofek, and Stan Bradshaw (the “Guarantors”) in accordance with a guaranty substantially in the
form of Exhibit C to be executed and delivered by the Guarantors at the Closing (the “Guaranty”); provided, however, that the maximum aggregate liability of the Guarantors under the Guaranty shall not exceed $6,000,000. 

  
 4 

 ARTICLE IV 

REVIEW PERIOD 

Section 4.01 Review Period. Purchasers have from the Effective Date until July 29, 2015 (such time period, the
“Review Period”), to review and approve such items and to conduct such inspections, interviews, tests and audits as Purchasers, in their sole discretion, deem appropriate. 

Section 4.02 Review Items. To the extent not previously delivered, Seller shall, within ten (10) business days
following the Effective Date, deliver to Purchasers the lien release items shown on Schedule 5.03 to this Agreement, to the extent in Seller’s possession. 

Section 4.03 Inspection. During the Review Period, Seller shall cause Purchasers to have the right, at all reasonable
times, to conduct on-site inspections of the Property and physical inspections and non-destructive tests of the Property, including, without limitation, the right to enter and inspect all portions of the Property, and to inspect and audit all of the
LD Parties’ books and records relating to the Property; provided, however, Purchasers agree not to unreasonably interfere with the LD Parties’ operations or construction or cause any damage to the Property. 

PURCHASERS SHALL, AT THEIR EXPENSE, REPAIR ANY DAMAGE TO THE PROPERTY CAUSED BY PURCHASERS’ INSPECTION OR TESTING THEREOF, AND HEREBY
INDEMNIFIES AND HOLDS HARMLESS SELLER FROM AND AGAINST ANY AND ALL CLAIMS, ACTIONS, SUITS, LIENS, DAMAGES, LIABILITIES, LOSSES AND EXPENSES TO PERSONAL PROPERTY OR PERSONAL INJURY TO THE EXTENT DIRECTLY ATTRIBUTABLE TO ANY ACTS PERFORMED IN
EXERCISING PURCHASERS’ RIGHTS UNDER THIS ARTICLE IV. THIS AGREEMENT TO INDEMNIFY SELLER SHALL SURVIVE THE CLOSING AND ANY TERMINATION OF THIS AGREEMENT. 

Section 4.04 Title Commitment and Survey Review. Seller shall deliver or cause to be delivered to Purchasers a TLTA T-7
form commitment for an owner’s policy of title insurance with respect to each of the Real Properties (the “Title Commitments”), issued by the Title Company and setting forth the state of title to the Real Property and the
Improvements, and certain currently existing surveys of the Real Property. As soon as practicable after the Effective Date hereof, Purchasers shall obtain such updated or new certified land title surveys of the Real Property, prepared by one or more
surveyors licensed in the State of Texas (the “Surveys”). 
 Section 4.05 Termination Notice. If
for any or no reason Purchasers, on or before the expiration of the Review Period, in their sole and absolute discretion, are not satisfied with the items to be delivered or cause to be delivered by Seller to Purchasers under ARTICLE IV, the
results of such inspections, interviews, tests or audits or any other fact or situation with respect to the Property, then in such event, Purchasers shall have the right to terminate this Agreement by giving written notice to Seller in writing on or
prior to the end of the Review Period. In the  

  
 5 

 
event of such termination by Purchasers, this Agreement shall be null and void and the parties hereto shall be released from all further obligations and liabilities hereunder, except with respect
to the covenants, representations, warranties and indemnities set forth in and which expressly survive the termination of this Agreement. In the event that Purchasers fail to give such notice of termination to Seller prior to the expiration of the
Review Period, Purchasers shall be deemed to have waived Purchasers’ right to terminate the Agreement pursuant to this Section, which shall be of no further force or effect and which shall be deemed deleted from this Agreement, and this
Agreement shall continue in full force and effect subject to the other provisions hereof. 
 Section 4.06 Termination. If
this Agreement has been terminated prior to the expiration of the Review Period in accordance with the terms of this ARTICLE IV, the parties hereto shall thereupon be relieved of all liabilities and obligations hereunder (other than those
that expressly survive any termination of this Agreement), and Purchasers, upon written request of Seller, will promptly return to Seller any due diligence materials delivered by Seller or any other third party (to the extent in Purchasers’
possession). 
 Section 4.07 Seller’s Obligation to Remove Liens. Notwithstanding anything to the contrary in
this Agreement, Seller must remove or cause to be removed at or prior to the Closing any and all monetary liens and encumbrances of any nature (except for the Permitted Exceptions and those monetary encumbrances which may be approved in writing by
Purchasers) created, suffered or incurred by, through or under Seller or the LD Parties against the Property, Seller or the LD Parties, including mortgages and mechanics’ and materialmen’s liens. 

Section 4.08 Environmental Audit. Purchasers shall have the right to have Phase I and Phase II environmental studies
performed of the Property during the Review Period. 
 ARTICLE V 

GOOD AND INSURABLE TITLE 

Section 5.01 Conveyance. At the Closing, Seller will direct the LD Parties to convey good and insurable fee simple title to
the Real Property and the Improvements to Purchasers by the Deeds (as defined below), and title to the Personal Property and the Intangible Property by the Bill of Sale, free and clear of any and all deeds of trust, mortgages or other liens or
indebtedness; subject, however, to the following (collectively, the “Permitted Exceptions”): 
 (a) general real estate
taxes and assessments for the year in which the Closing occurs and subsequent years not yet due and payable; and 
 (b) all easements,
restrictions, rights-of-way, party wall agreements, encroachments, covenants, reservations, agreements, leases, tenancies, licenses, conditions and other matters affecting all or any portion of the Property to the extent (i) reflected on
Schedule B to the Title Commitment (other than the standard printed exceptions on Schedule B to the Title Commitment), as approved by the Purchasers; (ii) reflected on the Survey, as approved by the Purchasers; or (iii) created by or
consented and agreed to in writing by the Purchasers prior to or at the Closing. 

  
 6 

 Section 5.02 Owner Policy. At the Closing, the Title Company will issue
standard TLTA & T-1 form Owner Policies of Title Insurance (the “Owner Policies”) in Purchasers’ favor in the amount of the Purchase Price (in the aggregate), insuring Purchasers’ fee simple title to the Real
Property and the Improvements, subject only to the Permitted Exceptions, together with such endorsements as Purchasers may request. 

Section 5.03 Mechanic’s Liens. Seller, at its own expense, will obtain or cause to be obtained such lien waivers and
releases, and will provide such affidavits and or certifications, as the Title Company may require in order for the Title Company to issue at the Closing an Owner Policy that does not contain any exceptions for mechanic’s liens or
materialman’s liens. 
 ARTICLE VI 

CLOSING 

Section 6.01 Closing. The purchase and sale of the Property (the “Closing”) will be held through escrow at
the offices of the Title Company and will occur on the date which all conditions to the obligations of the parties set forth in Section 9.05 of this Agreement have been satisfied or waived, or such other date as Seller and Purchasers may
agree (the day on, and the time at, which the Closing takes place being the “Closing Date”). 
 Section 6.02
Seller’s Obligations. On or before the Closing Date, Seller shall or shall cause the LD Parties to execute and/or deliver to the Title Company in escrow for Closing, the following with respect to the Property: 

(a) Special Warranty Deeds for each of the Real Properties (the “Deeds”) in the form attached hereto as Exhibit D and made a
part hereof for all purposes; 
 (b) that certain Blanket Conveyance, Bill of Sale and Assignment (“Bill of Sale”) in the
form attached hereto as Exhibit EFand made a part hereof for all purposes; 
 (c) that certain FIRPTA Affidavit (the “FIRPTA
Affidavit”) in the form attached hereto as Exhibit F and made a part hereof for all purposes; 
 (d) the Guaranty; 

(e) all landlord keys to the Property; 

(f) to the extent necessary to permit the Title Company to remove any exception in the Owner Policy for mechanics’ and materialmen’s
liens and general rights of parties in possession, an affidavit as to debts and liens and parties in possession executed by the LD Parties, made to Purchasers and the Title Company and in a form reasonably acceptable to the Title Company, along with
a GAP Affidavit and any other items reasonably required by the Title Company; 

  
 7 

 (g) Seller’s certification that, to the best of Seller’s actual knowledge, all
representations and warranties made by Seller under this Agreement are true, complete and correct in all material respects as of the Closing Date (if accurate or, if not accurate, a description of the basis of such inaccuracy); and 

(h) such evidence or documents as may reasonably be required by Purchasers or the Title Company evidencing the status and capacity of Seller
and the LD Parties and the authority of the person or persons who are executing the various documents on behalf of Seller and the LD Parties in connection with the sale of the Property. 

Section 6.03 Purchasers’ Obligations. On or before the Closing Date, Purchasers shall execute and/or deliver to the
Title Company in escrow for Closing, the following: 
 (a) the Purchase Price in the amounts as described by Section 2.02,
by wire transfer of immediately available funds; 
 (b) the Bill of Sale; 

(c) such evidence or documents as may reasonably be required by Seller, the LD Parties or the Title Company evidencing the status and capacity
of Purchasers and the authority of the person or persons who are executing the various documents on behalf of Purchasers in connection with the acquisition of the Property; and 

(d) Purchasers’ certification that, to the best of Purchasers’ actual knowledge, all representations and warranties made by
Purchasers under this Agreement are true, complete and correct in all material respects as of the Closing Date (if accurate or, if not accurate, a description of the basis of such inaccuracy). 

Section 6.04 Transfer of Roof and Other Warranties. Seller shall use its commercially reasonable efforts to obtain or cause
to be obtained at Closing the consents of the issuers of any roof warranties and all other assignable warranties affecting the Property to the assignment of such roof warranties and all other warranties at Closing from the LD Parties to Purchasers,
including by causing property management personnel to be available at reasonable times and after reasonable notice for inspections of the roof by such roof warranty issuers and the other issuers of the other warranties and executing such documents
as reasonably necessary to assign any such roof warranties to Purchasers. 
 Section 6.05 Possession. Possession
of the Property must be delivered by the LD Parties at the Closing, subject only to the Permitted Exceptions and the Lease. 

  
 8 

 Section 6.06 Due Diligence and Other Costs. It is expressly understood and
agreed between the parties that, at the Closing, Seller shall be responsible for any and all of Purchasers’ third-party, out-of-pocket costs incurred in the investigation and closing of the transaction described in this Agreement, including,
but not limited to, Purchasers’ due diligence costs, attorneys’ fees and expenses, consultants fees, the cost of the Survey and any update or changes requested by Purchasers to the Survey, and all other expenses incurred in connection with
the inspection of the Property (collectively, the “Due Diligence Costs”). Seller shall pay or reimburse Purchasers at the Closing for any Due Diligence Costs advanced by Purchasers. Seller shall have no responsibility for the
payment of any Due Diligence Costs if the Closing does not occur due to Purchasers’ default under this Agreement. If this Agreement is terminated prior to Closing for any reason other than Purchasers’ default under this Agreement, Seller
shall pay or reimburse Purchasers the Due Diligence Costs immediately upon demand; provided, however, that if this Agreement is terminated prior to Closing by MRT based upon its dissatisfaction with the results of its due diligence review, then the
Due Diligence costs will be borne in equal 50-50 shares by the Purchasers, on the one hand, and the Seller, on the other hand. The provisions of this paragraph shall survive the Closing or any termination of this Agreement. 

ARTICLE VII 
 CLOSING
ADJUSTMENTS 
 Section 7.01 General Prorations. The following, to the extent applicable, will be apportioned at the
Closing: 
 (a) taxes and other assessments (including personal property taxes on the Personal Property) applicable to the Property.
Special assessments certified by any municipal utility district or other taxing authority prior to the Closing Date must be paid in their entirety by Seller or the LD Parties at or before the Closing, except to the extent such assessments are
payable in installments, in which event they shall be prorated between the parties. If the tax rate or assessed valuation or both have not yet been fixed, the proration shall be based on a good faith estimate as to the amount of such taxes for the
current year after consideration of the tax rate and/or assessed valuation last fixed; provided that the parties hereto agree that to the extent the actual taxes for the current year differ from the amount so apportioned at the Closing, the parties
hereto will make all necessary adjustments by appropriate payments between themselves following the Closing, and this provision shall survive delivery of the Deed; 

(b) any payments accrued under any Service Contracts; and 

(c) any gas, electricity and other utility charges (to be apportioned on the basis of the last meter reading). 

In making such apportionments, Purchasers will receive credit for all rents and other income paid with respect to the day of the Closing, and
Purchasers will be charged for taxes and other expenses incurred with respect to the day of the Closing. 

  
 9 

 All apportionments are to be subject to post-closing adjustments as necessary to reflect later
relevant information not available at the Closing and to correct any errors made at the Closing with respect to such apportionments; provided, however, that such apportionments shall be deemed final and not subject to further post-closing
adjustments if no such adjustments have been requested in writing after a period of sixty (60) days from such time as all necessary information is available to make a complete and accurate determination of such apportionments. 

All apportionments (regardless of whether all relevant information has been received or errors have been made) are final and not subject to
further post-closing adjustment one (1) year following the Closing Date. 
 Section 7.02 Specific Prorations.
Anything hereinabove contained to the contrary notwithstanding, if applicable: 
 (a) At the Closing, all discounts for the prepayment
of any taxes paid at the Closing shall be prorated. Seller or the LD Parties, as applicable, shall retain and be entitled to receive any tax refunds issued after Closing to the extent applicable to the period prior to the Closing, but not otherwise.
Seller may not initiate nor demand and will cause the LD Parties to not initiate or demand that Purchasers initiate or continue any litigation to collect such tax refunds. There will be no proration of any insurance related expenses, it being agreed
that Purchasers will obtain its own insurance coverage as of the Closing Date. 
 (b) As to gas, electricity and other utility charges,
Seller may on written notice to Purchasers on or before the Closing Date elect to pay one or more of said items accrued to the date hereinabove fixed for apportionment directly to the person or entity entitled thereunto and to the extent Seller so
elects, such item shall not be apportioned hereunder, and Seller’s obligation to pay such item directly in such case shall survive the delivery of the Deed; provided, however, that Seller will not take any action or fail to take any action
which would result in the cessation or termination of utility service to the Property. 
 Section 7.03 Closing Costs.
Seller shall be responsible for payment at Closing of the following: (i) all documentary stamp, transfer, surtax, excise taxes, or other levies or charges of any kind and nature, payable upon the transfer of the Property and/or recordation of
the Deed; (ii) the cost of the Owner Policy and any endorsements thereto requested by Purchasers; (iii) the cost of the Survey, and (iv) any and all escrow and other charges of the Title Company and recording fees (all of the
foregoing, collectively the “Closing Costs”). 
 Section 7.04 Brokerage Commissions. 

(a) Seller is responsible for payment of a commission (the “Commission”) payable to E. Smith Realty
(“Broker”) in connection with the closing under the LD Purchase Agreement (but not upon the Closing of the Sale of the Property to Purchasers) pursuant to the terms of a separate commission agreement between Seller and Broker. 

  
 10 

 (b) INDEMNITY. EACH PARTY HERETO REPRESENTS TO THE OTHER THAT (I) THERE ARE NO REAL
ESTATE COMMISSIONS, FINDERS’ FEES OR BROKERS’ FEES THAT HAVE BEEN OR WILL BE INCURRED IN CONNECTION WITH THIS AGREEMENT OR THE SALE OF THE PROPERTY OTHER THAN THE COMMISSION PAYABLE TO BROKER, AND (II) SUCH PARTY HAS NOT AUTHORIZED ANY
BROKER OR FINDER (OTHER THAN BROKER) TO ACT ON SUCH PARTY’S BEHALF IN CONNECTION WITH THE SALE AND PURCHASE HEREUNDER. EACH PARTY HERETO AGREES TO INDEMNIFY AND HOLD HARMLESS THE OTHER PARTY FROM AND AGAINST ANY AND ALL CLAIMS, LOSSES, DAMAGES,
COSTS OR EXPENSES OF ANY KIND OR CHARACTER ARISING OUT OF OR RESULTING FROM ANY AGREEMENT, ARRANGEMENT OR UNDERSTANDING (EXCEPT AS SET FORTH IN SECTION 8.04) ALLEGED TO HAVE BEEN MADE BY SUCH PARTY WITH ANY BROKER OR FINDER IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTION CONTEMPLATED HEREBY. THIS OBLIGATION WILL SURVIVE THE CLOSING OR ANY EARLIER TERMINATION OF THIS AGREEMENT. 

Section 7.05 Survival. The terms of this Article VII shall survive any termination of this Agreement and the Closing and
delivery of the Deed. Except for Article III, which shall survive the Closing, and the other provisions of this Agreement which are explicitly stated to survive the Closing, (a) none of the terms of this Agreement shall survive the Closing, and
(b) the delivery of the Deed, and other Closing documents and instruments by Seller and the acceptance thereof by Purchasers shall effect a merger, and be deemed the full performance and discharge of every obligation on the part of Purchasers
and Seller to be performed hereunder. 
 ARTICLE VIII 

DEFAULT AND REMEDIES 

Section 8.01 Termination of Agreement prior to Closing.  

(a) This Agreement automatically shall terminate in the event of the termination of the LD Purchase Agreement prior to Closing. 

(b) This Agreement may be terminated and the transactions contemplated hereunder may be abandoned at any time prior to the Closing, as follows:

 (i) by mutual written consent of Seller and Purchasers; 

(ii) Seller may terminate this Agreement by giving written notice to Purchasers at any time prior to the Closing in the event that
(i) Purchasers have materially breached any representation, warranty or covenant contained in this Agreement, (ii) Seller has notified Purchasers of the breach, and (iii) the breach has continued without cure for a period of thirty
(30) days after the notice of the breach; or 

  
 11 

 (iii) Purchasers may terminate this Agreement by giving written notice to Seller at any time
prior to the Closing (i) in the event that (A) Seller has materially breached any representation, warranty or covenant contained in this Agreement, (B) Purchasers have notified Seller of the breach, and (C) the breach has
continued without cure for a period of thirty (30) days after the notice of the breach, or (ii) if the Closing has not occurred on or before October 31, 2015 (the “Outside Closing Date”) (unless the failure results
primarily from Purchasers themselves materially breaching any representation, warranty or covenant contained in this Agreement). 

Section 8.02 Notice of Termination; Effect of Termination. 

(a) If Purchasers (on the one hand) or Seller (on the other hand) seek to terminate this Agreement pursuant to Section 8.01(b),
such party will provide written notice of termination to such other party specifying with particularity the reason for such termination. 

(b) If either Purchasers or Seller terminate this Agreement pursuant to Section 8.01, this Agreement will forthwith become void and
there will be no liability or obligation on the part of any party hereto except as specified in this ARTICLE VIII and in Section 6.06, each of which will survive any such termination; provided, however, that no such termination (or any
provision of this Agreement) will relieve any party from liability for damages arising out of fraud or a knowing or intentional breach of any covenant hereunder. 

Section 8.03 Purchasers’ Default. If this Agreement is terminated pursuant to Section 8.01(b) and all of
the conditions precedent to Purchaser’s obligations hereunder as set forth in Section 9.05 shall have been satisfied, Seller shall be entitled to (i) recover from Purchasers any Due Diligence Costs paid by Seller, if any,
(ii) request assignment and delivery to the Seller, for its future use, of all Due Diligence Materials, and (iii) pursue any and all remedies available to it under law or equity as a result of the breach or default of Purchasers. In no
event shall any officer, director, agent or employee of Purchasers or its partners be personally liable for any of Purchasers’ obligations under this Agreement or the documents to be delivered at the Closing. Alternatively, and in lieu of
terminating this Agreement, Seller shall have the right, upon a breach or default of Purchasers, to pursue an action to enforce specific performance of Purchasers’ obligations under this Agreement.  

Section 8.04 Seller’s Default. If this Agreement is terminated pursuant to Section 8.01(c), Purchasers
shall be entitled, as Purchasers’ sole and exclusive remedy (except for specific performance), to recover from Seller the Due Diligence Costs as provided in Section 6.06. Alternatively, and in lieu of terminating this Agreement,
Purchasers shall have the right, upon a breach or default of Seller, to pursue an action to enforce specific performance of Seller’s obligations under this Agreement. 

  
 12 

 ARTICLE IX 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 9.01 Seller’s Representations. Seller hereby represents and warrants to Purchasers, as of the Effective Date,
except as set forth in that certain schedule (the “Disclosure Schedule”) attached hereto as Exhibit G and made a part hereof for all purposes, as follows: 

(a) Seller is a duly organized, validly existing limited liability company in good standing under the laws of the State of Texas and is
authorized to conduct business in the State of Texas. This Agreement has been duly authorized, executed and delivered by Seller, and is, and at the time of the Closing will be, a legal, valid and binding obligation of Seller enforceable against
Seller in accordance with its terms. 
 (b) Seller has no knowledge of any (and, to its actual knowledge, there is no) current, proposed or
threatened eminent domain or similar proceeding, or private purchase in lieu of such proceeding, which would affect the Property in any way whatsoever. For the purposes of this Agreement, Seller’s knowledge shal be deemed to mean the actual
knowledge of Jerry Williamson and Kenneth A. Kristofek. 
 (c) Seller has no knowledge of any written notice of a claim that the Property
does not comply with any federal, state, county, city or any other laws, ordinances, rules and regulations, including, but not limited to, those relating to environmental, zoning, land use and division, building, fire, health and safety matters, of
any government or any agency, body or subdivision thereof bearing on the construction of the Improvements and on the operation, ownership or use of the Property (collectively, “Applicable Laws”), which noncompliance Seller or the LD
Parties have not cured. 
 (d) Seller has no knowledge of a written notice of any pending or threatened, litigation which does or would
affect the Property or Seller’s ability to fulfill all of its obligations under this Agreement. 
 (e) Seller has no knowledge of any
written notice received by the LD Parties concerning any alleged violation of any applicable environmental law, rule or regulation which remains uncured. 

(f) Seller is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as defined in the Code), and is not subject to
the provisions of Sections 897(a) or 1445 of the Code related to the withholding of sales proceeds to foreign persons. 
 (g) The Property
constitutes all of the assets to conduct the business at the Facilities as it is conducted as of the Effective Date. 
 (h) Seller has
delivered to Purchaser a true and complete copy of the LD Purchase Agreement and any and all amendments thereto. 

  
 13 

 Section 9.02 Purchasers’ Representations. Each Purchaser hereby jointly
and severally represents and warrants to Seller, as of the Effective Date hereof and as of the Closing Date, as follows: 
 (a)
Organization. Each Purchaser is a duly organized, validly existing limited liability company in good standing under the laws of the State of Texas and is authorized to conduct business in the State of Texas. This Agreement constitutes a valid
and binding obligation of each Purchaser enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and
remedies of creditors. 
 (b) Authority. Each Purchaser has the capacity and complete authority to enter into and perform this
Agreement, and no consent, approval or other action by any person or entity (other than the person signing this Agreement on behalf of each Purchaser and any approval to be obtained by Purchasers during the Review Period) will be needed thereafter
to authorize each Purchaser’s execution and performance of this Agreement. 
 (c) Financing. Each Purchaser’s ability to
perform hereunder and to pay the Purchase Price to Seller and the LD Parties is not subject to any financing covenant or condition. As of the Closing Date, Purchasers shall have all requisite cash funds or required financing that may be necessary
for Purchasers’ full performance hereunder. 
 (d) Approval. Subject to completing its inspection and due diligence review of the
Property, each Purchaser has received the final authority or approval for the purchase of the Property in accordance with the provisions hereof. 

Section 9.03 Discovery. If Seller or any of the Purchasers discovers, prior to or at the Closing, that any representation
or warranty of the other party is false, misleading or inaccurate in any material and adverse respect, (a) if Purchasers are the discovering party, Purchasers shall be entitled to pursue its remedies under Section 8.04 of this
Agreement; and (b) if Seller is the discovering party, Seller shall be entitled to pursue its remedies under Section 8.03 of this Agreement. 

If the discovering party elects to proceed to Closing, such party cannot later bring a claim against the other as to such discovered matter.
Representations and warranties under this ARTICLE IX shall fully survive the Closing and the delivery of the Deed, but to the extent that neither the Seller nor Purchasers have made any claim as to the breach of any such representation or
warranty within twenty-four months (24) months after the Closing Date, such representations and warranties will terminate and be of no further force and effect. 

Section 9.04 Conditions Precedent. 

(a) Purchasers’ Conditions. Purchasers shall not be obligated to perform under this Agreement unless all of the following
conditions precedent are satisfied (or waived in writing by Purchasers) and are otherwise true and correct as of the Closing Date: 

  
 14 

 (i) All of Seller’s representations and warranties shall be true and correct in all
material respects. 
 (ii) Seller shall have performed all of its covenants, agreements, and obligations under this Agreement in all
material respects and shall otherwise not be in default. 
 (iii) There shall not have been any material adverse change with respect to the
Property or the matters reflected in the Title Commitment or Survey, except to reflect those items otherwise authorized by this Agreement or approved or otherwise created in writing by Purchasers. 

(iv) Seller or the LD Parties shall have paid all due and outstanding (i) taxes and other assessments (including personal property taxes
on the Personal Property) applicable to the Property, and (ii) gas electricity and other utility charges applicable to the Property. 

(v) The LD Closing has occurred (or will occur concurrently with the Closing). 

(vi) The closing under the OTA shall have occurred (or will occur concurrently with the Closing). 

(vii) Any existing leases or management agreements among the LD Parties or between the LD Parties and a third party operator with respect to
the Facilities shall have been terminated. 
 (viii) New Operators shall have received all necessary licenses and other governmental
consents, approvals and certifications required in connection with the operation of the Facilities by the New Operators as skilled nursing facilities, including but not limited as Medicare and Medicaid nursing homes being fully and unconditionally
certified for participation in the Medicaid and Medicare reimbursement programs without any waivers or conditions, and any and all necessary governmental inspections required in connection with the transactions contemplated hereby shall have been
favorably completed. 
 (ix) The Commencement Date (as such term is defined in the Lease) shall have occurred or shall occur simultaneously
with the Closing. 
 Seller shall use reasonable efforts to satisfy all of the foregoing conditions precedent. If Seller is unable to
satisfy all of the foregoing conditions precedent, Purchasers may waive one or more conditions precedent, or either Purchasers or Seller may extend the Outside Closing Date for up to an additional thirty (30) days by written notice to the
other. If Purchasers elect to close, Purchasers will be deemed to have waived any conditions actually known by Purchasers to be unsatisfied at the Closing. 

  
 15 

 Section 9.05 Exclusivity. Unless and until this Agreement is terminated in
accordance with its terms prior to Closing, neither Seller, nor any of its employees, subsidiaries or agents shall engage, either directly or indirectly, in discussions with any other parties regarding the sale of, leaseback of, or additional
financing services for, the Property, except as contemplated by the LD Purchase Agreement.  
 Section 9.06 LD Purchase
Agreement. From and after the Effective Date hereof, Seller shall not agree to any amendment or other modification of the LD Purchase Agreement or any of its terms, or make any elections or give any notices under the LD Purchase Agreement,
without the prior written consent of Purchasers. In addition, Seller shall promptly provide to Purchasers complete copies of any and all notices given or received by Seller pursuant to the LD Purchase Agreement.  

Section 9.07 Survival. The representations provided in this Article IX will survive the Closing for a period of 18 months,
it being hereby acknowledged that such representations will not merge with the Deed to be delivered at Closing. Furthermore, liabilities and obligations which, by their express terms, survive the Closing or the termination of this Agreement are
“Surviving Obligations”. 
 ARTICLE X 

NOTICES 

Section 10.01 Notices. Any notice, demand or other communication which may or is required to be given under this Agreement
must be in writing and must be: (a) personally delivered; (b) transmitted by United States postage prepaid mail, registered or certified mail, return receipt requested; (c) transmitted by reputable overnight courier service, such as
Federal Express; or (d) transmitted by legible facsimile (with answer back confirmation) to Purchasers and Seller as listed below. Notice to one Purchaser shall constitute notice to all Purchasers.  

Except as otherwise specified herein, all notices and other communications shall be deemed to have been duly given on (i) the date of
receipt if delivered personally, (ii) two (2) business days after the date of posting if transmitted by registered or certified mail, return receipt requested, (iii) the first (1st) business day after the date of deposit, if
transmitted by reputable overnight courier service, or (iv) the date of transmission with confirmed answer back if transmitted by facsimile, whichever shall first occur. A notice or other communication not given as herein provided shall only be
deemed given if and when such notice or communication and any specified copies are actually received in writing by the party and all other persons to whom they are required or permitted to be given. 

Purchasers and Seller may change their respective addresses for purposes hereof by notice given to the other parties in accordance with the
provisions of this Section, but such notice shall not be deemed to have been duly given, unless and until it is actually received by the other parties. Notices hereunder shall be directed as follows: 

  
 16 

			
	If to Purchasers:	  	MRT of Dallas TX – SNF/ALF, LLC
		  	3102 West End Ave, Suite 400
		  	Nashville, TN 37203
		  	Attention: William C. Harlan, President
		  	Telephone: (615) 627-4714
		  	Facsimile: (615) 658-8141
		  	Email: wharlan@medequities.com
		
	With a copy to:	  	Arent Fox LLP
		  	1675 Broadway, 34th Floor
		  	New York, NY 10019
		  	Attention: Michael S. Blass, Esq.
		  	Telephone: (212) 484-3902
		  	Facsimile: (212) 484-3990
		  	Email: Michael.blass@arentfox.com
		
	If to Seller:	  	GruenePointe Acquisition I, LLC
		  	325 North Saint Paul St., Suite 3400
		  	Dallas, TX 75201
		  	Attention: Ken Kristofek
		  	Telephone: (214) 295-4109
		  	Email: k2@gruenerep.com
		
	With a copy to:	  	Kane Russell Coleman & Logan, P.C.
		  	1601 Elm Street, Suite 3700
		  	Dallas, TX 75201
		  	Attention: David L. Pratt
		  	Telephone: (214) 777-4272
		  	Facsimile: (214) 777-4299
		  	Email: dpratt@krcl.com

 Purchasers’ counsel may deliver any notice required or otherwise permitted to be given by Purchasers hereunder with the
same effect as if given directly by Purchasers. 
 ARTICLE XI 

RISK OF LOSS 

Section 11.01 Minor Damage. In the event of “minor” loss or damage to any Property, being defined for the purpose
of this Agreement as damage such that the Property in question could be repaired or restored, in the opinion of an architect mutually acceptable to Seller and Purchasers (with any fees, costs or expenses pertaining to such opinion to be borne
equally by Purchasers and Seller), to a condition substantially identical to that of such Property immediately prior to the event of damage at a cost equal to or less than $100,000.00, and which would not permit any New Operator to terminate the
Lease, neither Seller nor Purchasers shall have the  

  
 17 

 
right to terminate this Agreement due to such damage, but the Fixed Purchase Price shall be reduced by an amount equal to the cost to repair such damage and in such event Seller shall retain all
of Seller’s right, title and interest to any claims and proceeds Seller may have with respect to any casualty, rental loss and other insurance policies relating to the Property. 

Section 11.02 Major Damage. In the event of a “major” loss or damage (being defined as any loss or damage which
is not “minor” as defined hereinabove), Purchasers shall have the option of terminating this Agreement by written notice to Seller, in which event Seller and Purchasers shall thereupon be released from any and all liability hereunder
(other than those liabilities that expressly survive any termination of this Agreement).  
 If Purchasers elect not to terminate
this Agreement, Purchasers and Seller shall proceed with the Closing, provided Seller shall assign all of Seller’s right, title and interest to any claims and proceeds Seller may have with respect to any casualty, rental loss and other
insurance policies relating to the Property, and Purchasers shall receive a credit against the Purchase Price in an amount equal to the aggregate amount of any deductible(s) under the insurance policies assigned to Purchasers, together with the
uninsured portion of any such damage. 
 Section 11.03 Seller and Purchaser Risk. Except as set forth in
Section 11.01 and Section 11.02, Seller shall bear the full risk of loss until Closing. Upon the Closing, full risk of loss with respect to the Property shall pass to Purchaser, except to the extent such loss is the responsibility of the
New Operators pursuant to the Lease. 
 Section 11.04 Condemnation. If before the Closing any condemnation or
eminent domain proceedings are threatened or initiated against all or any portion of any Property and, in the reasonable opinion of Purchaser, such condemnation or eminent domain proceedings would materially interfere with the current use of such
Property, then Purchasers may terminate this Agreement upon written notice to Seller and Seller and Purchasers shall thereupon be released from any and all further liability hereunder (other than those liabilities that expressly survive termination
of this Agreement). If Purchasers do not elect to terminate this Agreement within ten (10) business days after receipt of written notice of the commencement of any such proceedings, or if, in the reasonable opinion of Purchasers, such
condemnation or eminent domain proceedings would not materially interfere with Seller’s current use of the Property, Seller shall assign to Purchasers at the Closing all rights and interest of Seller in and to any condemnation awards payable or
to become payable on account of such condemnation or eminent domain proceedings. 
 ARTICLE XII 

MISCELLANEOUS 

Section 12.01 Entire Agreement. This Agreement constitutes the entire agreement among the parties hereto and supersedes any
prior understanding, letter of intent or written or oral agreements among the parties concerning the Property. 

  
 18 

 Section 12.02 No Rule of Construction. This Agreement has been drafted by both
Seller and Purchasers and no rule of construction shall be invoked against either party with respect to the authorship hereof or of any of the documents to be delivered by the respective parties at the Closing. 

Section 12.03 Multiple Counterpart; Governing Law. This Agreement may be executed in multiple counterparts each of which
shall be deemed an original but together shall constitute one and the same instrument, and shall be construed and interpreted under the laws of the State of Texas (without regard to conflicts of laws). This Agreement may be executed by pdf or
facsimile signatures of one or more of the parties hereto, which signatures shall be binding on such parties as if original signatures were obtained. The parties irrevocably (a) agree that any suit, action or other legal proceeding arising out
of or relating to this Agreement shall be brought in a court of record in Dallas County, Texas, (b) consent to the non-exclusive jurisdiction of each such court in any such suit, action or proceeding, and (c) waive any objection which it
may have to the laying of venue of any such suit, action or proceeding in any of such courts and any claim that any such suit, action or proceeding has been brought in an inconvenient forum. 

Section 12.04 Attorneys’ Fees. In the event of any litigation or other proceeding brought by either party hereunder,
the prevailing party shall be entitled to recover its attorneys’ fees and costs of suit. 
 Section 12.05
Interpretation. This Agreement shall, unless otherwise specified herein, be subject to the following rules of interpretation: (a) the singular includes the plural and the plural the singular; (b) words importing any gender
include the other genders; (c) references to persons or entities include their permitted successors and assigns; (d) words and terms which include a number of constituent parts, things or elements, including the terms Improvements,
Permitted Exceptions, Personal Property, Intangible Property and Property, shall be construed as referring separately to each constituent part, thing or element thereof, as well as to all of such constituent parts, things or elements as a whole;
(e) references to statutes are to be construed as including all rules and regulations adopted pursuant to the statute referred to and all statutory provisions consolidating, amending or replacing the statute referred to; (f) references to
agreements and other contractual instruments shall be deemed to include all subsequent amendments thereto or changes therein entered into in accordance with their respective terms; (g) the words “approve” or “consent” or
“agree” or derivations of said words or words of similar import mean, unless otherwise expressly provided herein or therein, the prior approval, consent, or agreement in writing of the person holding the right to approve, consent or agree
with respect to the matter in question, and the words “require” or “judgment” or “satisfy” or derivations of said words or words of similar import mean the requirement, judgment or satisfaction of the person who may
make a requirement or exercise judgment or who must be satisfied, which approval, consent, agreement, requirement, judgment or satisfaction shall, unless otherwise expressly provided herein or therein, be in the sole and absolute discretion of the
person holding the right to approve, consent or agree or who may make a requirement or judgment or who must be satisfied; (h) the words “include” or “including” or words of similar import shall be deemed to be followed by
the words “without limitation”; (i) the words “hereto” or “hereby” or “herein” or “hereof” or “hereunder,” or words of similar import, refer to this Agreement in its entirety; (j) 

  
 19 

 
references to sections, articles, paragraphs or clauses are to the sections, articles, paragraphs or clauses of this Agreement; and (k) numberings and headings of sections, articles,
paragraphs and clauses are inserted as a matter of convenience only and shall not affect the construction of this Agreement. 
 Seller
acknowledges that obligations with respect to any covenant, indemnity, representation or warranty under this Agreement which expressly survives the Closing shall be considered a “liability” for purposes of any member or other distribution
limitation imposed under the organizational laws applicable to Seller and/or its members, shareholders and partners. 

Section 12.06 Exhibits. The exhibits attached hereto shall be deemed to be an integral part of this Agreement. 

Section 12.07 Modifications. This Agreement cannot be changed orally, and no executory agreement shall be effective to
waive, change, modify or discharge it in whole or in part unless such executory agreement is in writing and is signed by the parties against whom enforcement of any waiver, change, modification or discharge is sought. Any such modification need not
be joined in by the Title Company. 
 Section 12.08 Reporting Person. Purchasers and Seller hereby designate the
Title Company as the “reporting person” pursuant to the provisions of Section 6045(e) of the Internal Revenue Code of 1986, as amended. 

Section 12.09 Time of Essence. Time is of the essence to both Seller and Purchasers in the performance of this Agreement,
and they have agreed that strict compliance by all of them is required as to any date and/or time set out herein. If the final day of any period of time set out in any provision of this Agreement falls upon a Saturday, Sunday or a legal holiday
under the laws of the State in which the Property is located, then and in such event, the time of such period shall be extended to the next day which is not a Saturday, Sunday or legal holiday. 

Section 12.10 Notices. 

(a) If the Real Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control
facilities and services, Chapter 49, Texas Water Code, requires Seller or the LD Parties to deliver and Purchasers to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fees of the district before final execution of
this Agreement. 
 (b) If the sale of any portion of the Real Property or if Purchasers’ use of the Real Property after Closing results
in the assessment of additional taxes, penalties or assessments (collectively, “Assessments”) for periods prior to Closing, the Assessments will be Purchaser’s obligation. If Seller’s change in the use of the Real Property
prior to a Closing or a denial of a special use valuation on the Real Property claimed by Seller or the LD Parties results in Assessments for periods prior to Closing, the Assessments will be Seller’s obligation. The terms of this
Section 12.11(b) shall survive Closing. 

  
 20 

 (c) If the Real Property is not located within a municipality’s limits or a municipal
utility district (MUD) and is located in a certificated service area of a utility service provider (a utility, a water supply or sewer service corporation, or a special utility district organized and operating under Chapter 65, Water Code).
§13.257, Water Code requires Seller or the LD Parties to deliver a notice regarding the utility service provider to Purchasers. 
 (d)
If the Real Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, §33.135 of the Texas Natural Resources Code requires a notice regarding coastal area Real Property to be included as part of this
Agreement. 
 (e) If the Real Property is located seaward of the Gulf Intracoastal Waterway, §61.025, Texas Natural Resources Code,
requires a notice regarding the seaward location of the Real Property to be included as part of this Agreement. 
 (f) If any portion of the
Real Property is located outside the limits of a municipality, Seller hereby notifies Purchasers that the Real Property may now or later be included in the extra-territorial jurisdiction (“ETJ”) of a municipality and may now or
later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and ETJ. To determine if the Real Property is located within a municipality’s ETJ, Purchasers should contact all municipalities
located in the general proximity of the Real Property for further information. 
 (g) The Real Property, described below, that you are about
to purchase, may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If the Real Property is located in a certificated area, there may be
special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your Real Property. You are
advised to determine if the Real Property is in a certificated area and contact the utility service provider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your
Real Property. 
 (h) If any portion of the Real Property is located in a public improvement district, Seller or the LD Parties are required
to notify Purchasers as follows: As Purchasers of the Real Property, you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372 of the Local Government
Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of such assessment may be obtained from the municipality or county levying the assessment. The amount of
the assessments is subject to change. Your failure to pay the assessments could result in a lien on and foreclosure of the Real Property. 

(i) Brokers are not qualified to perform Real Property inspections, surveys, engineering studies, environmental assessments, or inspections to
determine compliance with zoning, governmental regulations, or laws. Purchasers should seek experts to perform such services. Selection of inspectors and repairmen is the responsibility of Purchasers and not the brokers. 

  
 21 

 Section 12.11 Restructuring. If Purchasers determine, in their sole
discretion, that the structure of the transactions contemplated hereunder may jeopardize Purchasers’ ability to qualify as a Real Estate Investment Trust under the Code, then Purchasers and Seller agrees to use commercially reasonable efforts
to modify the structure of the transactions contemplated hereunder in such a way as to not to jeopardize such qualification, provided, however, such modified structure shall not result in detrimental economics to any party. 

Section 12.12 Assignment by Purchasers. This Agreement is binding upon and will inure to the benefit of the parties and
their respective heirs, legal representatives, and permitted successors and assigns. None of the parties hereto shall assign this Agreement or its rights hereunder to any individual or entity without the prior written consent of the remaining
parties hereto, which consent may be granted or withheld in such remaining parties’ sole discretion, and any assignment in the absence of such consent shall be null and void ab initio. 

Section 12.13 No Recordation. Seller and Purchasers agree that neither this Agreement nor any memorandum or notice hereof
shall be recorded, and Purchasers agree (a) not to file any notice of pendency or other instrument (other than a judgment) against the Property or any portion thereof in connection herewith and (b) to indemnify Seller against all
Liabilities, including, without limitation, reasonable attorneys’ fees and expenses, incurred by Seller by reason of the filing by Purchasers of such notice of pendency or other instrument; provided however, notwithstanding the foregoing to the
contrary, in the event the Seller is in default of this Agreement, then the Purchasers will have the right to file a notice of lis pendens in the real property records in the county where the Property is located announcing that
a lawsuit involving the Property is pending in a specific court. 
 Section 12.14 Additional Agreements; Further
Assurances. Subject to the terms and conditions herein provided, each of the parties hereto shall execute and deliver such documents as the other party shall reasonably request in order to consummate and make effective the Transaction;
provided, however, that the execution and delivery of such documents by such party shall not result in any additional liability or cost to such party. 

Section 12.15 ERISA. Each Purchaser represents and warrants to Seller that: 

(i) Each Purchaser is not an employee benefit plan subject to the provisions of Title IV of ERISA or subject to the minimum funding standards
under Part 3, Subtitle B, Title I of ERISA or Section 412 of the Internal Revenue Code or Section 302 of ERISA, and none of the assets of Purchasers constitute or will constitute assets of any such employee benefit plans subject to Part 4,
Subtitle B, Title I of ERISA. 
 (ii) Each Purchaser is not a “governmental plan” within the meaning of Section 3(32) of
ERISA, and the funds used by each Purchaser to acquire the Property are not subject to state statutes regulating investments of and fiduciary obligations with respect to governmental plans. 

  
 22 

 (iii) Each Purchaser is not a Separate Account, or an “affiliate” of Seller as defined
in Section IV(b) of PTE 90-1. 
 Section 12.16 WAIVER OF JURY TRIAL. EACH PARTY HEREBY WAIVES TRIAL BY JURY IN ANY
PROCEEDINGS BROUGHT BY THE OTHER PARTY IN CONNECTION WITH ANY MATTER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE TRANSACTION, THIS AGREEMENT, THE PROPERTY OR THE RELATIONSHIP OF PURCHASERS AND SELLER HEREUNDER. 

Section 12.17 Section 1031 Exchange. Purchasers acknowledges that Seller may sell the Property pursuant to the terms
of the Internal Revenue Code Section 1031. All costs and fees of such Section 1031 Exchange will be paid by Seller. Purchasers shall cooperate with Seller and execute documents reasonably necessary hereunder for Seller to conduct a
like-kind exchange. In no event will Purchasers (i) be required to take title to any real property other than the Property by conveyed herein, (ii) have their rights under this Agreement reduced, affected or diminished, or (iii) bear
any costs or expenses. 
 Section 12.18 SPECIAL PROVISIONS – TEXAS. In accordance with Section 5.010(a)
of the Texas Property Code, as amended, Seller hereby notifies Purchasers of the following: 
 NOTICE REGARDING POSSIBLE LIABILITY FOR ADDITIONAL
TAXES 
 If for the current ad valorem tax year the taxable value of the land that is the subject of this contract is determined by a special
appraisal method that allows for appraisal of the land at less than its market value, the person to whom the land is transferred may not be allowed to qualify the land for that special appraisal in a subsequent tax year and the land may then be
appraised at its full market value. In addition, the transfer of the land or a subsequent change in the use of the land may result in the imposition of an additional tax plus interest as a penalty for the transfer or the change in the use of the
land. The taxable value of the land and the applicable method of appraisal for the current tax year is public information and may be obtained from the tax appraisal district established for the county in which the land is located. 

[SEE SIGNATURES ON THE FOLLOWING PAGES] 

  
 23 

 IN WITNESS WHEREOF, this Agreement has been executed by Purchasers and Seller as of the date and
year first above written. 
  

			
	PURCHASERS:
	MRT OF GRAHAM TX – SNF, LLC
	a Delaware limited liability company
		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF KEMP TX – SNF, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF KERENS TX – SNF, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF BROWNWOOD TX – SNF, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	MRT OF EL PASO TX – SNF, LLC
a Delaware limited liability company
		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF KAUFMAN TX – SNF, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer

  
 24 

			
	MRT OF LONGVIEW TX – SNF, LLC
	a Delaware limited liability company
		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF MT. PLEASANT TX – SNF, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF SAN ANTONIO TX – SNF I, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	 MRT OF SAN ANTONIO TX – SNF II, LLC

a Delaware limited liability company

		
	By:	 	/s/ Jeffery C. Walraven
		 	  

		 	Jeffrey C. Walraven,
		 	Executive Vice President and Chief Financial Officer
	
	SELLER:
	
	 GRUENEPOINTE ACQUISITION I, LLC

a Texas limited liability company,

	
	 By: Gruene Point Holdings LLC,

a Texas limited liability company,

	Its Managing Member
	
	 By: OnPointeHealthDevelopment, L.L.C.,

a Texas limited liability company,

	Its Managing Member
		
	By:	 	 /s/ Jerry Williamson

		 	Jerry Williamson, Member

  
 25 

 EXHIBIT A 

FACILITIES 
 (See
attached) 

					
	 Facility Name
	  	 Address
	  	Lic. Beds
	Casa Rio Health Care and Rehabilitation	  	 6211 S New Braunfels Avenue, San
 Antonio,
78223, Bexar County
	  	124
			
	Graham Oaks Care Center1	  	 1325 First Street
 Graham, 76450

Young County
	  	120
			
	Greenhill Villas	  	 2530 Greenhill Road, Mount
 Pleasant,
75455-6744, Titus County
	  	150
			
	Kemp Care Center	  	 1351 South Elm Street, Kemp,
 75143, Kaufman
County
	  	124
			
	Kerens Care Center	  	 809 NE 4th Street, Kerens, 75144,

Navarro County
	  	70
			
	River City Care Center	  	 921 Nolan Street, San Antonio,
 78202, Bexar
County
	  	100
			
	Songbird Lodge	  	 2500 Songbird Circle, Brownwood,
 76801, Brown
County
	  	125
			
	Sunflower Park Health Care	  	 1803 Highway 243 East, Kaufman,
 75142, Kaufman
County
	  	92
			
	St. Teresa Nursing and Rehabilitation Center	  	 10350 Montana Avenue, El Paso,
 79925, El Paso
County
	  	124
			
	Whispering Pines Lodge I LLP	  	 2131 Alpine Road, Longview,
 75601, Gregg
County
	  	116

  
  

	1 	Graham Oaks Care Center is intended to be added following the Closing in accordance with the terms of the Letter Agreement, dated July 29, 2015, among Guarantors, Landlord and Tenant. 

 EXHIBIT B 

LEGAL DESCRIPTIONS 
 (See
attached) 

 EXHIBIT B 

LEGAL DESCRIPTIONS OF LAND 
 Kerens 

PARCEL ONE: 
 All that certain lot, tract or parcel of
land, situated in the City of Kerens, Navarro County, Texas, a part of the Daniel Addition according to the Plat recorded in Volume 493, Page 185, Navarro County, Texas, Deed Records, and which is more particularly described as follows. 

BEGINNING at the intersection of the North line of 4th Street and the East line of Margaret Avenue 

THENCE Eastward with the North line of 4th Street 300 feet to the intersection of the West line of Lella Avenue and North line of 4th Street; 

THENCE North with the West line of Lella Avenue 600 feet to the intersection of the South line of 6th Street and West line Lella Avenue, 

THENCE Westward 300 feet to the intersection of East line of Margaret Avenue and South line of 6th Street; 

THENCE with the East line of Margaret Avenue 600 feet to the PLACE OF BEGINNING. 

PARCEL TWO: 
 A right of way over and across all that
certain lot, tract or parcel of land being a 33’ wide strip of land, a portion of that certain 95.6 acre tract in the Hiram Bush Survey, Navaro County, Texas, Known as the Joe M Daniel Block 3 described in Volume 621, Page 585, Deed Records of
Navarro County, Texas, with the center line of said right of way being a straight line described as follows. 
 BEGINNING at the Southwest corner of
the Joe M. Daniel Brock 3; 
 THENCE N 29 deg. 50’ W a distance of 1,240 feet to a point; 

THENCE N 60 deg. 10’ E a distance of 255 feet 3 inches to a point for the PLACE OF BEGINNING of the center line of such right of way; 

THENCE N 29 deg. 50’ W to the point of intersection with the existing City of Kerens, Texas, sewer line, the PLACE OF ENDING of the center
line of such right of way 
 And further described as Tract 46A. H. Bush Abstract, by the Navarro Central Appraisal District (formerly R07607, and now
Account No. 31518) 

  
 B-1 

 KEMP 
 Lot 1 Block
1. of Kemp Health Care Addition, an addition to the City of Kemp, in kaufman County Texas, according to the Map or Plat thereof recorded in Cabinet 3 Page 184. Plat Records of kaufman County. Texas, and Document No. 2012-0018091 of the Official
Public Records of kaufman County, Texas 

  
 B-2 

 SUNFLOWER 

TRACT 1: 
 All that certain lot, tract or parcel of land,
part of the Thomas Beedy Survey, Abstract No. 21, Kaufman County, Texas, part of that certain called 7.338 acre tract conveyed to Ricky R. Vrzalik, el al from Andrew J. Kupper, and wife on January 13, 1988 and recorded in Volume 917, Page
85 of the Deed Records of Kaufman County, Texas, and being more particularly described by metes and bounds on Exhibit “A-1” attached hereto and made a part hereof. 

TRACT 2: 
 All that certain lot, tract or parcel of land,
part of the Thomas Beedy Survey, Abstract No. 21, Kaufman County, Texas, part of that certain called 3,551 acre tract conveyed to Dorothea Spencer by Ricky R. Vrzalik, etal on March 30, 1990, recorded in Volume 987, Page 334 of the Deed Records
of Kaufman County, Texas, and being more particularly described by metes and bounds on Exhibit “A-2” attached hereto and made a part hereof. 

TRACT 3: 
 All that certain lot, tract or parcel of land,
part of the Thomas Beedy Survey, Abstract No. 21, Kaufman County, Texas, part of that certain called 3.551 acre tract conveyed to Dorothea Spencer by Ricky Ft Vrzalik, etal on March 30, 1990, recorded in Volume 987, Page 334 of the Deed
Records of Kaufman County, Texas, and being more particularly described by metes and hounds on Exhibit “A-3” attached hereto and made a part hereof. 

  
 B-3 

 SUNFLOWER 

EXHIBIT “A-1” 
 All that certain
lot, tract or parcel of land, part of the Thomas Beedy Survey, Abstract No. 21, Kaufman County, Texas, part of that certain called 7.338 acre tract conveyed to Ricky R Vrzalik, et al from Andrew J. Kupper, and wife on January 13, 1988 and
recorded in Volume 917, Page 85 of the Deed Records of Kaufman County. Texas and being more completely described as follows, to wit: 
 BEGINNING at
an iron rod for corner in the Northwest line of the above mentioned 7.338 acre tract and being N 45 deg. 45 min. 31 sec. E 265.85 feet from the Southwest corner of same; 

THENCE N 45 deg. 45 min. 31 sec. E, with the Northwest line of said 7.338 acre tract, a distance of 346.48 feet to an iron rod at the North or
Northwest corner of same, in the South right of way line of Old State Highway No. 243 and being in a curve, the radius point of which bears N 34 deg. 08 min. 51 sec. E- 1960.00 feet; 

THENCE in an Easterly direction with said right of way line and said curve to the left, the angle of which is 4 deg. 49 min. 25 sec., the radius is
1960.00 feet, the tangent is 82.55 and the length is 165.00 feet, a distance of 51.19 feet to an iron rod for corner; 
 THENCE S 45 deg. 45 min. 31
sec. W, a distance of 159.83 foot to an iron rod for corner; 
 THENCE S 60 deg. 40 min. 34 sec. E, a distance of 239.72 feet to an iron rod for
corner; 
 THENCE S 30 deg. 56 min. 56 sec. W, a distance of 248.90 feet to an iron rod in the South line of the above mentioned 7.338 acre tract and
in the North right of way line of State Highway No. 243; 
 THENCE N 84 deg. 33 min. 19 sec. W, with said South line and with said right of way
line, a distance of 279.00 feet to an iron rod for corner; 
 THENCE N 5 deg. 43 min. 35 sec. E, a distance of 203.36 feet to the PLACE OF
BEGINNING, containing 2.391 acres of land, more or less. 

  
 B-4 

 SUNFLOWER 

EXHIBIT “A-2” 
 All that certain
lot, tract or parcel of land, part of the Thomas Beedy Survey Abstract No. 21, Kaufman County, Texas, part of that certain called 3.551 acre tract conveyed to Dorothea Spencer by Ricky R. Vrzalik, et al on March 30, 1990, recorded in
Volume 987, Page 334 of the Deed Records of Kaufman County, Texas, and being more completely described as follows, to wit: 
 BEGINNING at a
3/8” iron rod found at the East corner of the above mentioned 3.551 acre tract and being in the Southwest right of way line of Old State Highway No. 243; 

THENCE S 30 deg. 56 min. 56 sec. W, with the Southeast line of said 3.551 acre tract, a distance of 150.06 ft. to a 3/8” iron found at the
Southerly East corner of the Spen-Kar, Inc. 2.391 acre tract, recorded in Volume 1023, Page 698 of the Deed Records of Kaufman County, Texas; 

THENCE N 60 deg. 40 min 34 sec. W, with the Southerly Northeast line of said 2.391 acre tract, a distance of 239.72 ft. to a 3/8” iron rod found
at an ell corner of same; 
 THENCE N 45 deg. 45 min. 31 sec. E, with the Northerly Southeast line of said 2.391 acre tract, a distance of 159.83 ft.
to a 3/8” iron rod found at the Northerly East corner of same, in the Northeast line of the above mentioned 3.551 acre tract, in the Southwest right of way line of Old State Highway No. 243 and being in a curve to the left, the radius
point of which bears N 32 deg. 39 min. 04 sec. E, 1960.00 ft.; 
 THENCE in an Easterly direction with said right of way line and with said curve to
the left, the angle of which is 3 deg. 19 min. 38 sec., the radius is 1960.00 ft. and the tangent is 56.92 ft. a distance of 113.82 ft. to a 3/8” iron rod found at the P.T. of said curve to the left; 

THENCE S 60 deg. 40 min. 34 sec. E, continuing with the Southwest right of way line of Old State Highway No. 243, a distance of 85.00 ft. to the
POINT OF BEGINNING, containing 0.760 of an acre of land, more or less. 

  
 B-5 

 SUNFLOWER 

EXHIBIT “A-3” 
 All that certain
lot, tract or parcel of land, part of the Thomas Beedy Survey, Abstract No. 21, Kaufman County, Texas, part of that certain called 3.551 acre tract conveyed to Dorothea Spencer by Ricky R, Vrzalik, etal on March 30, 1990, recorded in
Volume 987, Page 334 of the Deed Records of Kaufman County, Texas, and being more completely described as follows, to wit: 
 BEGINNING at a 3/8”
iron rod found at the West corner of the above mentioned 3.551 acre tract, in the Southeast line of Collage Heights Addition, recorded in Volume 127, Page 302 of the Deed Records of Kaufman County, Texas and being in the North right of way line of
State Highway No. 243; 
 THENCE N 45 deg. 45 min. 31 sec. E, with the Northwest line of said 3.551 acre tract, a distance of 265.85 ft. to a
3/8” iron rod found at the Northwest corner of the Spen-Kar, Inc. 2.391 acre tract, recorded in Volume 1023, Page 098 of the Deed Records of Kaufman County, Texas; 

THENCE S 6 deg. 43 min. 35 sec. W, with the West line of said 2.391 acre tract, a distance of 203.36 ft. to a 3/8” iron rod found at the Southwest
corner of same, in the South line of said 3.551 acre tract and being in the North right of way line of State Highway No. 243; 
 THENCE N 84
deg. 33 min. 19 sec. W, with the North right of way tine of State Highway No. 243, a distance of 85.45 ft. to a 3/8” iron rod found at the P.C. of at curve to the right, the radius point of which bears N 5 deg. 26 min. 41 sec. E, 5670.00
ft., 
 THENCE, continuing with said right of way line and with said curve to the right, the angle of which is 0 deg. 51 min. 52 sec., the radius is
5670.00 ft. and the tangent is 42.78 ft., a distance of 85.55 ft. to the POINT OF BEGINNING, containing 0.400 of an acre of land, more or less. 

  
 B-6 

 CASA RIO 

Lot 2, Block 1. New City Block 10934 Highland Hills Village, in the City of San Antonio, Bexar County, Texas, according to the map or plat
thereof recorded in Volume 9609, Page 34, of the Dead and Plat Records of Bexar County, Texas. 

  
 B-7 

 RIVER CITY 

0.992 of an acre of land, more or less, being comprised of Lots 15, 16, 17 and 18, Block G, New City Block 1659, ORIGINAL CITY LOT 11, RANGE 4,
DISTRICT 1, San Antonio, Bexar County, Texas: as shown on the City of San Antonio Engineers Section Map No. 28, and being the same tract of land conveyed to River City Life Care, Inc. of record in Volume 10463, Page 1816, Official Public
Records or Bexar County, Texas. Said 0.992 acre tract being more particularly described by metes and bounds in Exhibit “A” attached hereto and made a part hereof. 

  
 B-8 

 ST. TERESA 

LOT 1, Block 1, Montana Skilled Nursing Subdivision, an addition to the City of El Paso, El Paso County, Texas, according to the map thereof
recorded under instrument No. 20120023088, Real Property Records of El Paso County, Texas. 

  
 B-9 

 GREENHILL 

Tract 1: Fee Simple Estate 

BEING all that certain tract or parcel of land situated in the Prior Horton Survey, A 265, located about 2.35 miles N 6o W from the
City of Mt. Pleasant. Titus County, Texas; being a part of that certain 20.594 acres described in a Deed from Houston Thomas and wife, Ellen Thomas to Mt. Pleasant Land Development, dated September 12, 2007, recorded in Vol. 1968, Page 5, Real
Property Records of Titus County, Texas; and being more particularly described as follows: 
 COMMENCING at a 5/8” rebar found on
the Southeast corner of said 20.594 acre tract, being on the Northeast corner of a 7.93 acre tract described as Third Tract in a Deed to Cathy Lynn Shurbet, dated October 19, 2005 recorded in Vol. 1773, Page 2, Real Property Records, and being
on the West boundary line of 2,841 acre tract Save & Excepted by Timothy R. Taylor and wife. Charissa D Taylor, dated September 4, 2004, recorded in Vol. 1657, Page 62, Real Property Records: 

  
 B-10 

 THENCE S 88o 50’ 50“ W along the South boundary line of said 20.594 acre
tract a distance of 517.81 feet to a 1/2” rebar set for a corner, and being on the Point of Beginning; 
 THENCE S 88o
50’ 50“ W along the South boundary line of said 20.594 acre tract a distance of 465.46 feet to a 1/2” rebar marked with a “COOPER” cap found on the most Southerly Southwest corner of said 20.594 acre tract, being on the
North boundary line of a 6 acre tract described as First Tract in said Part Deed (v. 1773, p. 2), and being on the Southeast corner of a CALLED 2 acre tract described in a Deed to Mrs. Lida E. Moore, dated August 7, 1951, recorded in
Vol. 185, Page 490, Deed Records; 
 THENCE in a Northerly direction as follows: 

N 1o 41’ 12“ W a distance of 291.16 feet to a 1/2” rebar marked with a “COOPER” cap found on an internal angle
corner of said 20.594 acre tract, and being on the Northeast corner of said CALLED 2 acre tract, 
 S 89o 13’ 00“ W a distance
of 15.30 feet to a 1/2” rebar set, and 
 N 14o 03’ 27“ W a distance of 252.21 feet to a 1/2” rebar set on the South
boundary line of a 2.637 acre Access Easement surveyed this 1st date of July, 2008 out of said 20.594 acre tract; 
 THENCE S 89o
50’ 49“ E along the south boundary line of said Access Easement a distance of 562.92 Feet to a 1/2” rebar set for a corner; 

THENCE in a Southerly direction as follows: 

S 0° 09’ 11“ W a distance of 47.43 feet to a 1/2” rebar set, 

S 15° 11’ 37“ E a distance of 350.97 feet to a 1/2” rebar set, 

S 74° 48’ 23“ W a distance of 132.04 feet to a 1/2” rebar set, and 

S 12° 33’ 54“ E a distance of 106.42 feet to the PLACE OF BEGINNING and containing 6.467 acres of land, more or less. 

Tract 2: Easement Estate 
 As established and defined by
Easement Deed executed by Cathy Lynn Shurbet Parr to Mt. Pleasant Land Development, L.L.C., filed for record on February 7, 2008, and recorded under County Clerk’s File No. 200800000729, Real Property Records of Titus County, Texas. 

Tract 3: Easement Estate 
 As established and defined by
that Declaration of Access Easement executed by Mt. Pleasant Land Development LLC, a Texas limited liability company, effectively dated August 7, 2008, filed for record on August 18, 2008, and recorded under County Clerk’s File No.
200800004567, Real Property Records of Titus County, Texas. 
 Tract 4: Easement Estate 

  
 B-11 

 WHISPERING PINES 

Exhibit A 
 Legal Description 

BEING 4.96 acres of land located in the Alex Jordan Survey, A-262, City of Longview, Gregg County, Texas, said 4.96 acres being all of Lot 1 and part of Lot
2, Block 8215, Jefferson Village East, Unit 1 according to the Correction Plat of said Block 8215 recorded in Volume 1255, Page 307, Deed Records, Gregg County, Texas, also being a part of a called 14.48 acre tract recorded in Volume 2499, Page 327,
Public Official Records, Gregg County, Texas, said 4.96 acres being more particularly described as follows: 
 BEGINNING at a 1/2” iron rod set at the
intersection of the South ROW line of Eden Drive and the West ROW line of Alpine Road for corner, said corner being the Northeast corner of said Lot 1, Block 8215 of said Jefferson Village East - Unit 1, same being the Northeast corner of said
called 14.48 acre tract and PLACE OF BEGINNING of the herein described 4.96 acre tract of land; 
 THENCE S 45 deg. 20 min. 00 sec. W, 329.80 feet
along the West ROW line of said Alpine road, same being the East line of said Lot 1, Block 8215 and said called 14.48 acre tract to a 1/2 inch iron rod set in same for angle point of this tract; 

THENCE S 47 deg. 50 min. 00 sec. W, 389.63 feet along the West ROW line of said Alpine Road, same being the East line of said Lot 2 and Lot 2, Block
8215, and called 7.24 acre tract to a 1/2 inch iron rod set in same for the Southwest corner of the herein described 4.96 acre tract of land; 

THENCE N 42 deg. 10 min 00 sec. W, 250.00 feet to a 1/2 inch iron rod set for an angle point of this tract; 

THENCE N 01 deg. 09 min. 00 sec. W, 245.50 feet to a 1/2 inch iron rod set in the South ROW line of said Eden Drive for corner, said corner also being in the North line of said Lot 2, Block 8215 and said 14.48 acre tract for the Northwest corner of the
herein described 4.96 acre tract of land; 
 THENCE N 88 deg. 50 min. 26 sec. E, 88.21 feet along the South ROW line of said Eden Drive to a
1/2 inch iron rod set in same for angle point of this tract; 
 THENCE S 87 deg. 46 min. 01 sec. E, 84.50 feet along the South ROW line
of said Eden Drive to a PK nail set in concrete for angle point of this tract; 

 THENCE S 86 deg. 06 min. 00 sec. E, 526.70 feet along the South ROW line of said Eden Drive to the
PLACE OF BEGINNING and containing 4.96 acres of land. 

 SONGBIRD LODGE 

Exhibit A 
 Legal Description 

Tract 1: 
 All of that certain 4.00 acre tract, lot, or parcel of
land being out of the Taylor Smith Survey No. 600, Abstract No. 821, being situated in the City of Brownwood, Brown County, Texas, 3.06895 miles, S 12°29’22.8” W, of the Court House of Brown County, Texas, and being 23.37513
miles, N 39 39°03’04,8” E, of the Geographical Center of the State of Texas, and being more particularly described by metes and bounds on Exhibit “A-1” attached hereto and made a part hereof. 

Tract 2: 
 Those certain non-exclusive easements for ingress to
and from Tract 1 as described herein and a recognized public roadway, and being described in three parcels as follows: 
 Parcel 1: 

Along the Northwest 25 feet of what is depicted as “Alamo Street” on that certain plat prepared by George M. Amthor, Ill, R.P.L.S. dated
August 23, 1991, which said plat is attached hereto as Exhibit “B” and made a part hereof beginning at the intersection of the centerline of the said “Alamo Street”, and continuing Northeasterly to the intersection of said
centerline with the Northwest line of an unnamed street adjoining the 4.0 acre tract hereby conveyed along its Northeast line; 
 Parcel 2: 

A 50 foot wide roadway along the Northeast line of the 4.0 acre tract hereby conveyed, the centerline of which begins at the intersection of the centerline of
an unnamed street and the centerline of “Alamo Street” as shown on the said George M. Amthor, Ill, plat, and running South 21 degrees, 24 minutes, 00 seconds East 398.95 feet to the end of this; and 

Parcel 3: 
 A 50 foot wide roadway along the Southwest line of
the 4.0 acre tract hereby conveyed, the centerline of which begins at the intersection of the centerline of another unnamed street and the center line of the said “Alamo Street” as shown on the said George M. Amthor, Ill, plat, and running
North 21 degrees, 19 minutes, 38 seconds, West 398.95 feet to the end of this. 

 EXHIBIT “A-1” 

All of that certain 4.00 acre tract, lot, or parcel of land being out of the Taylor Smith Survey No. 600, Abstract No. 821, being situated in the
City of Brownwood, Brown County, Texas, 3.06895 miles, S 12°29’22.8” W, of the Court House of Brown County, Texas, and being 23.37513 miles, N 39 39°03’04.8” E, of the Geographical Center of the State of Texas, and being
the same land as conveyed by Deed from Howard Payne University to R. U. S. Inc, dated October 7, 1991, being of record in Volume 1091, Page 255, of the Real Property Records of Brown County, Texas, and being more particularly described by metes
and bounds as follows: 
 BEGINNING at a 1/2” iron rod found in place in the intersection of the northerly line of Alamo Street and the Easterly
line of Songbird Circle, being the SWC of said 4 acre tract, for the South West Corner of this; 
 THENCE North 21 degrees 30 minutes 06
seconds West, with the east line of said Songbird Circle, 373.75 feet to a 1/2” iron rod found in place, being the NWC of said 4 acre tract, and the SWC of same land as conveyed as a 3.155 acre tract, and described in a deed to Redstone Park
L.P., dated April 5, 1996, being of record in Volume 1224, Page 827, of the Real Property Records of Brown County, Texas, for the North West Corner of this; 

THENCE North 68 degrees 24 minutes 41 seconds East, with southerly line of said 3.155 acre tract, and the northerly line of said 4.00 acre tract,
465.67 feet to a 1/2” iron rod found in the Westerly line of said Songbird Circle, being the SEC of said 3.155 acre tract, and the NEC of said 4.00 acre tract, for the North East Corner of this; 

THENCE South 21 degrees 36 minutes 46 seconds East, with the westerly line of said Songbird Circle, 374.14 feet to a 1/2” iron rod found at the
intersection of the northerly line of said Alamo Street, being the SEC of said 4.00 acre tract, for the South East Corner of this; 
 THENCE
South 68 degrees 27 minutes 33 seconds West, with the northerly line of said Alamo Street, 466.40 feet to the Place of Beginning and calculated to contain 4.00 acres of land in area 

 GRAHAM OAKS 

EXHIBIT “A” 
 A tract of land
containing 6.05 acres, more or less, being part of Block 114 out of the Ben Hill Survey, Abstract No. 137 and being the same tract as described in a deed from Graham Oaks, Inc. to Graham Oaks Associates, L.P., recorded in Volume 754, Page 153,
of the Deed Records of Young County, Texas, being more particularly described as follows: 
 Beginning at a 5/8 inch red set in the north line of First
Street and at the southeast corner of a 20 foot alley as shown on a plot of Morningside Addition to the city of Graham, recorded in Volume 1, Page 179, of the Plot Records of Young County, Texas, said iron rod being the southwest corner of the tract
described in a deed from Graham Oaks, Inc., to Graham Oaks Associates, L.P. recorded in Volume 754, Page 153, of the Deed Records of Young County, Texas; 

Thence with the east line of said alley, North 00 degrees 19 minutes 31 seconds East for a distance of 599.00 feet to an “X” set in concrete for
corner in the south line of a called 8.5 acre tract described in a deed recorded in Volume 404, Page 538, of the Deed Records of Young County, Texas; 

Thence with the south line of said 8.5 acre tract, South 89 degrees 40 minutes 29 seconds East for a distance of 4.40.00 feet to a 5/8 inch iron rod set for
corner at the northwest corner of a called 47. 8 area tract; 
 Thence with the northernmost west line of said 47.8 acre tract, South 00 degrees 19 minutes
31 seconds West for a distance of 599.00 to a 5/8 iron rod set for corner in the north R.O.W. line of First Street; 
 Thence with the North R.O.W. line of
First Street, North 89 degrees 40 minutes 29 seconds West for a distance of 440.00 feet to the point of beginning. 

 EXHIBIT C 

GUARANTY 
 (See
attached) 

 EXHIBIT D 

FORM OF SPECIAL WARRANTY DEED 
 NOTICE OF
CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE
NUMBER. 
 This instrument prepared by or under the supervision of 

(and after recording should be returned to): 
 Arent Fox LLP 

1675 Broadway 
 New York, NY 10019 

Attn: Michael S. Blass, Esquire 
  

 
 Parcel I.D. No. 

SPECIAL WARRANTY DEED 

THAT
                                        ,
a                          (the “Grantor”), for and in consideration of the sum of Ten and No/100 Dollars
($10.00) cash and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, paid by
                                        ,
a                          (the “Grantee”), HAS GRANTED, BARGAINED, SOLD and CONVEYED, and by these
presents DOES GRANT, BARGAIN, SELL and CONVEY unto Grantee all of that certain tract or tracts of land (the “Land”) situated in Dallas County, Texas, and described on Exhibit “A” which is attached hereto and
incorporated herein by reference for all purposes, together with all of Grantor’s right, title and interest in and to any easements, interests, benefits, privileges, rights and appurtenances pertaining to such Land, including any right, title
and interest of Seller in and to the centerline of adjacent roads, streets, alleys or rights of way to the extent (but only to the extent) that the same relate to the Land (said Land, easements, interests, benefits, privileges, rights and
appurtenances being herein collectively referred to as the “Property”). 
 This conveyance is made subject to the matters
set forth on Exhibit “B” attached hereto and incorporated herein by this reference for all purposes. 
 TO HAVE AND TO HOLD
the Property unto Grantee, and Grantee’s successors and assigns forever, and Grantor does hereby bind Grantor, and Grantor’s successors and assigns, to WARRANT and FOREVER DEFEND, all and singular the Property unto Grantee and
Grantee’s 

 
successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise, and subject, however, to the
provisions contained herein. 
 IN WITNESS WHEREOF, Grantor has hereunto set its hand and seal as of the day and year first above
written. 
  

			
	[                    ]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  

			
	STATE OF                                    
    	  	)
		  	) ss:
	COUNTY OF	  	)

 The foregoing instrument was acknowledged before me this
         day of             , 20[    ] by
                    , as              of
[        ], on behalf of the company. He/she is personally known to me or produced
                     as identification. 

[Notarial
Seal]                                        
                                         
                    
  

	
	Notary Public, State of                                
                  
	
	 Print
Name:                                        
                           

	
	 My Commission
Expires:                                       
      

 EXHIBIT A 

To Special Warranty Deed 

LEGAL DESCRIPTION 
 [TO BE
ADDED] 

 EXHIBIT B 

To Special Warranty Deed 

PERMITTED EXCEPTIONS 
 [TO
BE ADDED] 

 EXHIBIT E 

BLANKET CONVEYANCE, BILL OF SALE AND ASSIGNMENT 
  

			
	THE STATE OF                                 	  	§
		  	§ KNOW ALL MEN BY THESE PRESENTS:
	COUNTY OF                                    
 	  	§

 That concurrently with the execution and delivery hereof,
[            ] (“Assignor”), is conveying to [            ] (“Assignee”), by Special Warranty Deed (the
“Deed”), those certain tracts of land more particularly described on Exhibit A attached to the Deed and made a part thereof for all purposes (the “Property”). Unless otherwise defined herein, all initially capitalized terms shall
have the respective meanings ascribed to such terms in that certain Purchase Agreement dated                  , 2015, by and between Assignor and Assignee with respect
to the conveyance of the Property. 
 It is the desire of Assignor hereby to assign, transfer and convey to Assignee all Improvements,
Personal Property, and Intangible Property (collectively, the “Assigned Properties”). 
 NOW, THEREFORE, in consideration of the
receipt of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, in hand paid by Assignee to Assignor, the receipt and sufficiency of which are hereby acknowledged and confessed by Assignor, Assignor does hereby BARGAIN, ASSIGN,
TRANSFER, SET OVER, CONVEY and DELIVER to Assignee, its successors, legal representatives and assigns, all of the Assigned Properties. 
 TO
HAVE AND TO HOLD the Assigned Properties, together with any and all rights and appurtenance thereto in anywise belonging to Assignor unto Assignee, its successors and assigns FOREVER, and Assignor does hereby bind itself and its successors to
WARRANT AND FOREVER DEFEND all and singular Assigned Properties unto Assignee, its successors and assigns, against every person lawfully claiming or to claim the same or any part thereof by, through or under Assignor, but not otherwise. 

Assignor indemnifies Assignee from any claims applicable to the Assigned Properties with respect to the period prior to the date hereof.
Assignee hereby agrees to indemnify, save and hold harmless Assignor from and against any and all losses, liabilities, claims, or causes of action (including reasonable attorneys’ fees) arising or accruing with respect to the Assigned
Properties on or after the date hereof. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Assignor has executed this instrument as of the
             day of             , 20[    ]. 

 

	
	ASSIGNOR:
	
	[                    ]
	
	By:                                     
                                         
  
	Print Name:                                   
                               
	Title:                                     
                                        

	
	ASSIGNEE:
	
	[                    ]
	
	By:                                     
                                         
  
	Print Name:                                   
                               
	Title:                                     
                                        

 EXHIBIT F 

FIRPTA AFFIDAVIT 
  

			
	THE STATE OF TEXAS	  	§
		  	§         KNOW ALL MEN BY THESE PRESENTS:
	COUNTY OF                                 	  	§

 Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest
must withhold tax if the transferor is a foreign person. To inform                      (“Transferee”) that withholding of tax is not
required upon the disposition of a U.S. real property interest by [            ](“Transferor”), Transferor hereby certifies the following: 

 

	 	1.	Transferor is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); 

 

	 	2.	Transferor’s U.S. employer identification number is:                     ; 

 

	 	3.	Transferor is not a “disregarded entity” as defined in IRS Regulation 1.1445-2(b)(iii); and 

  

	 	4.	Transferor’s office address is
                                         
                   . 

Transferor understands that this certification may be disclosed to the Internal Revenue Service by the Transferee and that any false statement
contained herein could be punished by fine, imprisonment, or both. 
 Under penalties of perjury I declare that I have examined this
certification and to the best of my knowledge and belief it is true, correct, and complete, and I further declare that I have authority to sign this document. 

EXECUTED as of (but not necessarily on) this              day of
                    , 20[    ]. 

 
			
	TRANSFEROR:
	
	[                    ]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 SWORN TO AND SUBSCRIBED BEFORE ME this              day of
                    , 20[    ]. 

[Notarial
Seal]                                        
                                         
            
  

	
	Notary Public, State of Texas
	Print Name:                                   
                               
	My Commission
Expires:                                       
     

 EXHIBIT G 

DISCLOSURE SCHEDULE 
 None.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]