Document:

Exhibit

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (“Agreement”) is entered into as of November 6, 2018, by and between Allen Parker (“Executive”) and Zillow Group, Inc., a Washington corporation (the “Company”).  
RECITALS
A.The Company wishes to secure the services of Executive as its Chief Financial Officer pursuant to the terms set forth in this Agreement.
B.Executive wishes to be employed by Company pursuant to the terms set forth in this Agreement.
C.The Company’s offer of employment pursuant to this Agreement is contingent upon Executive’s submission to, and successful completion of, the Company’s background check process.
D.The effective date of this Agreement shall be Executive’s first day of actual work for the Company (should that date come later in time than the date Executive signs this Agreement) (“Effective Date”).
E.The Company and Executive intend that Executive’s first day of actual work will be November 16, 2018 (“Start Date”).
		
	1.
	EMPLOYMENT

Executive will report to the Company’s Chief Executive Officer.  Subject to Section 3.4, changes may be made from time to time by the Company in its sole discretion to the duties, reporting relationships and title of Executive.  Executive will perform the duties as are commensurate and consistent with Executive’s position as the Company’s Chief Financial Officer and will devote Executive’s full working time, attention and efforts to the Company and to discharging the responsibilities of Executive’s position, and such other duties as may be assigned from time to time by the Company, which relate to the business of the Company and are reasonably consistent with Executive’s position (excluding periods of vacation, holidays, illness, incapacity and sick leave).  During Executive’s employment, Executive will not engage in any business activity that, in the reasonable judgment of the Company’s Chief Executive Officer, conflicts with the duties of Executive under this Agreement, whether or not such activity is pursued for gain, profit or other advantage.  Executive agrees to comply with the Company’s standard policies and procedures, including the Company’s Proprietary Rights Agreement (“Confidentiality Agreement”) and Mutual Agreement to Arbitrate Claims (“Arbitration Agreement”), both of which are to be executed by Executive contemporaneously with Executive’s execution of this Agreement, and with all applicable laws and regulations.

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	2.
	COMPENSATION AND BENEFITS

The Company agrees to pay or cause to be paid to Executive, and Executive agrees to accept in exchange for the services rendered hereunder, the following compensation and benefits: 
2.1     Annual Salary
Executive’s compensation shall consist of an annual base salary in the gross amount of Five Hundred Forty Thousand dollars ($540,000.00), payable in accordance with the payroll practices of the Company and subject to applicable deductions and tax withholdings (“Salary”).  Executive’s Salary shall be reviewed, and shall be subject to change, by the Company’s Board of Directors (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.
2.2    Signing Bonus
In connection with his hire and anticipated successful integration into the Company, Executive shall also receive a signing bonus in the gross amount of One Million Five Hundred Thousand dollars ($1,500,000.00) (“Signing Bonus”).  The Company will pay the Signing Bonus to Executive in two installments.  The first installment will be a lump sum payment in the gross amount of Seven Hundred Fifty Thousand dollars ($750,000.00), less applicable deductions and tax withholdings, made by the Company within thirty (30) days of the Start Date.  The second installment will be a lump sum payment in the gross amount of Seven Hundred Fifty Thousand dollars ($750,000.00), less applicable deductions and tax withholdings, made by the Company within thirty (30) days following January 1, 2019; provided that, the second installment of the Signing Bonus shall not be due or payable to Executive if he has been or is in the process of being terminated for Cause, or resigned or announced his intention to resign without Good Reason, by the date when the installment payment would otherwise be payable.  If Executive resigns without Good Reason within twelve (12) months of Executive’s first day of actual work for the Company, Executive will be responsible for reimbursing the Company a prorated portion of the Signing Bonus based on a fraction equal to Executive’s completed days of employment divided by 360; provided that Executive shall not be responsible for any reimbursement payments if he is terminated without Cause or resigns for Good Reason.
2.3     Bonus and Equity Awards
Executive shall be eligible to participate in the Company’s incentive bonus plans as may be adopted from time to time by the Board of Directors (or the Compensation Committee thereof), subject to and in accordance with the terms and conditions of such plans.  Subject to approval by the Board of Directors (or the Compensation Committee thereof), Executive shall be eligible to receive the following equity awards (“Awards”) under the Zillow Group, Inc. Amended and Restated 2011 Incentive Plan or any successor plan thereto (“Plan”):

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(a)    Within thirty (30) days of the Effective Date, restricted stock units (“RSUs”) for that number of shares of the Company’s Class C Capital Stock calculated by dividing $5,250,000 by the average closing price of the Company’s Class C Capital Stock on the thirty (30) trading days preceding the Effective Date (“Initial RSUs”), such Initial RSUs to vest and be settled in one (1) share of Class C Capital Stock for each share subject to the Initial RSUs that vests in accordance with the vesting schedule set forth in Section 2.3(c) of this Agreement.  The Initial RSUs shall have the terms and conditions as set forth in a Restricted Stock Unit Award Notice and a Restricted Stock Unit Award Agreement to be executed by Executive and the Company pursuant to the Plan.    To the extent there is a conflict between this Agreement and the applicable terms of the Restricted Stock Unit Award Notice and a Restricted Stock Unit Award Agreement, the applicable terms of this Agreement will govern.  
(b)    A nonqualified stock option for the same number of shares of the Company’s Class C Capital Stock underlying the Initial RSUs (the “Initial Option,” and together with the Initial RSUs, the “Initial Awards”).  The Initial Option will have a ten (10)-year term (subject to earlier termination in the event of Executive’s termination of employment), a per share exercise price equal to the closing price of the Company’s Class C Capital Stock on the date of grant, and will vest in accordance with the vesting schedule set forth in Section 2.3(c) of this Agreement.  The Initial Option shall have the terms and conditions as set forth in a Nonqualified Stock Option Grant Notice and a Nonqualified Stock Option Agreement to be executed by Executive and the Company pursuant to the Plan.  To the extent there is a conflict between this Agreement and the applicable terms of the Nonqualified Stock Option Grant Notice and a Nonqualified Stock Option Agreement, the applicable terms of this Agreement will govern.  
(c)    Each Initial Award shall vest as to 25% of the total number of shares subject to the applicable Initial Award on the one-year anniversary of the Effective Date.  The remainder of each Initial Award shall vest thereafter in substantially equal installments on a quarterly basis on each of the Company’s established quarterly vesting dates over the following twelve (12) quarters (such quarterly vesting dates based on those generally applicable to equity awards granted under the Plan).  Vesting of the Initial Awards shall be subject to Executive’s continued employment with the Company on an applicable vesting date.  
(d)    Executive will be eligible to participate in the Company’s 2018 year-end annual review process and will be eligible to receive annual equity awards beginning in calendar year 2019 and each subsequent year of employment (each, an “Annual Award”).  Executive shall be eligible to receive an Annual Award for calendar year 2019 with an aggregate grant value of $2,500,000.  Executive may elect to receive the Annual Award for calendar year 2019 in the form of 100% RSUs, 100% nonqualified stock options or a combination of RSUs and stock options in 25% increments, in accordance with the Company’s Equity Choice Program.  The maximum number of shares of 

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capital stock of the Company, or any successor company, underlying any elected RSUs under the 2019 Annual Award shall be determined by dividing (i) the portion of the $2,500,000 Annual Award elected by Executive to be in the form of RSUs, by (ii) the average closing price of the Company’s capital stock over the thirty (30)-day trading period preceding the launch of the year-end review process, which is expected to occur on approximately January 2, 2019, with any fractional share rounded to the nearest whole share (0.5 to be rounded up) (“2019 Annual Award RSUs”).  The maximum number of shares of capital stock of the Company, or any successor company, underlying an elected stock option shall be determined by multiplying the number of shares subject to the 2019 Annual Award RSUs by three (3) (e.g., if the Annual Award is granted solely as a stock option).  The vesting schedule, grant date, exercise price and other terms of 2019 Annual Awards shall be determined by the Company and generally shall be consistent with the Company’s equity award policies and practices with respect to individuals serving in comparable positions receiving equity awards in connection with the annual review process; provided, however, that the 2019 Annual Award will vest in substantially equal quarterly installments on each of the Company’s established quarterly vesting dates over the following sixteen (16) quarters (such quarterly vesting dates based on those generally applicable to equity awards granted under the Plan). 
(e)    Awards shall be subject to applicable deductions and tax withholdings upon vesting or exercise of the Awards, as applicable.  For the avoidance of doubt, any adjustments to the Awards shall be governed by Section 15 of the Plan and shall be consistent with adjustments made to other awards outstanding under the Plan held by the Company’s executive officers.
2.4     Benefits
Executive shall be eligible to participate, subject to and in accordance with applicable eligibility and other requirements, in such employee benefit plans, policies, programs and arrangements as are generally provided to the Company’s similarly situated executives, which shall include, at a minimum, basic health, dental and vision insurance.  
2.5     Vacation and Other Paid Time Off Benefits
Each calendar year, Executive shall be entitled to that number of weeks of paid vacation per year equal to those provided in accordance with the plans, policies, programs and arrangements as are generally provided to the Company’s similarly situated executives.  Executive also shall be provided such holidays and sick leave as the Company makes available to all of its other employees.

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	3.
	TERMINATION

3.1    Employment At Will
Executive acknowledges and understands that employment with the Company is terminable at will and can be terminated by either party for no reason or for any reason not otherwise specifically prohibited by law.  Nothing in this Agreement is intended to alter Executive’s at-will employment status or obligate the Company to continue to employ Executive for any specific period of time, or in any specific role or geographic location.  Except as expressly provided for in this Agreement, upon any termination of employment, Executive shall not be entitled to receive any payments or benefits under this Agreement other than unpaid Salary earned through the date of termination and unused vacation that has accrued as of the date of Executive’s termination of employment that would be payable under the Company’s standard policy (collectively, the “Accrued Obligations”).  Any Accrued Obligations due under this Agreement shall be paid in a lump sum on the next regularly scheduled payroll date following the date on which Executive’s employment terminated  
3.2     Automatic Termination on Death or Total Disability
This Agreement and Executive’s employment hereunder shall terminate automatically upon the death or Total Disability of Executive.  “Total Disability” shall mean a mental or physical impairment of Executive that is expected to result in death or that has lasted or is expected to last for a continuous period of twelve (12) months or more and that causes Executive (i) to be unable to perform his or her material duties for the Company, (ii) to be unable to engage in any substantial gainful activity, or (iii) to lose legal capacity. Executive and the Company hereby acknowledge that Executive’s ability to perform Executive’s duties is the essence of this Agreement.  Termination hereunder shall be deemed to be effective (a) at the end of the calendar month in which Executive’s death occurs or (b) immediately upon a determination by the Board of Directors (or the Compensation Committee thereof) of Executive’s Total Disability.  In the case of termination of employment under this Section 3.2, Executive shall not be entitled to receive any payments or benefits under this Agreement other than any Accrued Obligations.  
3.3     Termination for Cause; Resignation
The Company may terminate Executive’s services and this Agreement for Cause (as defined in Appendix A), effective immediately upon notice of termination.  Upon termination of Executive’s employment for Cause, or upon Executive’s voluntary separation from Employment without Good Reason (as defined in Appendix A), all compensation described herein shall cease as of the termination date, and Executive shall have no rights to any other compensation or payments under this Agreement or otherwise, other than any Accrued Obligations.

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3.4     Termination of Employment Without Cause or for Good Reason
 (a)    If (1) the Company terminates Executive’s employment without Cause, or (2) Executive resigns for Good Reason, then Executive shall be entitled to receive the below termination payments and benefits; provided, however, that this Section 3.4(a) shall not apply to, and shall have no effect in connection with, any termination to which Section 3.2 or Section 3.3 of this Agreement applies:
(i)  any Accrued Obligations;
(ii)  COBRA continuation coverage for Executive and his eligible dependents paid in full by the Company, so long as Executive has not become actually covered by the medical plan of a subsequent employer during any such month and is otherwise entitled to COBRA continuation coverage, with such payments for up to a maximum of six (6) months following the date of termination.  After such period, Executive is responsible for paying the full cost for any additional COBRA continuation coverage to which Executive is then entitled; 
(iii) an amount equal to six (6) months’ Salary, at the rate in effect immediately prior to termination, payable to Executive in accordance with the terms below (“Severance Payments”);
(iv) accelerated vesting by an additional twelve (12) months of Executive’s then outstanding Awards that vest based on Executive’s continued employment or service; provided, however, that in the event such termination occurs in connection with or within eighteen (18) months following a Change of Control (as defined in the Plan), fifty percent (50%) of Executive’s then outstanding Awards that vest based on Executive’s continued employment or service shall become vested immediately prior to such termination (subject to any greater acceleration that applies under the terms of the Plan in the event such Awards are not assumed or substituted for in a Change of Control); and 
(v)  an extension of the time period during which Executive may exercise Executive's then outstanding and vested stock options (taking into account the accelerated vesting provided in this Section 3.4(a)), until the earlier of (A) twelve (12) months from the date of termination, or (B) the latest date upon which such stock options would have expired by their original terms under any circumstances.
(b)    As a condition to receiving the payments and benefits under this Section 3.4 other than the Accrued Obligations, Executive shall execute (and not revoke within the applicable revocation period) a general release and waiver of all claims against the Company, which release and waiver shall be in a form mutually acceptable to the Company and Executive. Such release and waiver shall be delivered to the Company no later than the date specified by the Company (which date shall in no event be later than twenty-one (21) days or forty-five (45) days, as applicable, after the date on which Executive is presented with the terms of the release and waiver).  In 

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addition, payment of the amounts and benefits under this Section 3.4, other than the Accrued Obligations, are contingent on Executive’s full and continued compliance with the Company’s Confidentiality Agreement, as the same may be amended from time to time.  
(c)    Notwithstanding the foregoing, termination of employment by Executive will not be for Good Reason unless (1) Executive notifies the Company in writing of the existence of the condition which Executive believes constitutes Good Reason within thirty (30) days of the initial existence of such condition (which notice specifically identifies such condition), (2) the Company fails to remedy such condition within thirty (30) days after the date on which it receives such notice (the “Remedial Period”), and (3) Executive actually terminates employment within thirty (30) days after the expiration of the Remedial Period and before the Company remedies such condition.  If Executive terminates employment before the expiration of the Remedial Period or after the Company remedies the condition (even if after the end of the Remedial Period), then Executive’s termination will not be considered to be for Good Reason.
(d)     Subject to Section 3.4(b), Severance Payments under Section 3.4(a)(iii) shall be paid to Executive through the Company’s normally scheduled payroll during the six (6) month period commencing within sixty (60) days following the date on which Executive’s employment was terminated without Cause or Executive resigned for Good Reason; provided, however, that in the event such sixty (60) day period begins in one taxable year of Executive and ends in a second taxable year of Executive, the Company shall not make any Severance Payments to Executive until the second taxable year.  Each such payment shall be treated as a separate payment for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), including the rules and regulations thereunder (“Code Section 409A”).  Notwithstanding the foregoing, if any payments and benefits payable pursuant to Section 3.4(a) constitute a “deferral of compensation” subject to Code Section 409A (after taking into account, to the maximum extent possible, any applicable exemptions), then the applicable provisions of Section 13 hereof shall apply.  
		
	4.
	 ASSIGNMENT

This Agreement is personal to Executive and shall not be assignable by Executive.  The Company may assign its rights hereunder to (a) any successor employer; (b) any other corporation resulting from any merger, consolidation or other reorganization to which the Company is a party; (c) any other corporation, partnership, association or other person to which the Company may transfer all or substantially all of the assets and business of the Company existing at such time; or (d) any subsidiary, parent or other affiliate of the Company.  All of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.  

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	5.
	AMENDMENTS IN WRITING

No amendment, modification, waiver, termination or discharge of any provision of this Agreement, or consent to any departure therefrom by either party hereto, shall in any event be effective unless the same shall be in writing, specifically identifying this Agreement and the provision intended to be amended, modified, waived, terminated or discharged and signed by the Company and Executive, and each such amendment, modification, waiver, termination or discharge shall be effective only in the specific instance and for the specific purpose for which given.  No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by the Company and Executive. 
		
	6.
	NOTICES

Every notice relating to this Agreement shall be in writing and shall be given by personal delivery, by a reputable same-day or overnight courier service (charges prepaid), by registered or certified mail (postage prepaid, return receipt requested) or by facsimile to the recipient with a confirmation copy to follow the next day to be delivered by personal delivery or by a reputable same-day or overnight courier service to the appropriate party’s address or fax number below (or such other address and fax number as a party may designate by notice to the other parties): 
	
		
	If to the Company:
	Zillow Group, Inc.

	 
	 

	 
	1301 Second Avenue, Floor 31

	 
	 

	 
	Seattle, Washington 98101

	 
	 

	 
	Email: legal@zillowgroup.com

	 
	 

	 
	Attn: General Counsel

	 
	 

	If to the Executive:
	Allen Parker

	 
	 

	 
	***

	 
	 

	 
	(to address most recently on file with Company)

7.     APPLICABLE LAW
This Agreement shall in all respects, including all matters of construction, validity and performance, be governed by, and construed and enforced in accordance with, the laws of the State of Washington, without regard to any rules governing conflicts of laws.  

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8.     ENTIRE AGREEMENT
This Agreement, on and as of the Effective Date, constitutes the entire agreement between the Company and Executive with respect to the subject matter hereof, and all prior or contemporaneous oral or written communications, understandings or agreements between the Company and Executive with respect to such subject matter are hereby superseded in their entirety, except as otherwise provided herein.  Executive expressly acknowledges that he has contemporaneously executed, and is bound by, the Confidentiality Agreement and Arbitration Agreement, during and after his employment with Company.
9.     SEVERABILITY
If any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any action in any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.  
10.     WAIVERS
No delay or failure by any party hereto in exercising, protecting, or enforcing any of its rights, titles, interests, or remedies hereunder, and no course of dealing or performance with respect thereto, shall constitute a waiver thereof.  The express waiver by a party hereto of any right, title, interest, or remedy in a particular instance or circumstance shall not constitute a waiver thereof in any other instance or circumstance.  All rights and remedies shall be cumulative and not exclusive of any other rights or remedies.  
11.     HEADINGS
All headings used herein are for convenience only and shall not in any way affect the construction of, or be taken into consideration in interpreting, this Agreement.  
12.     COUNTERPARTS
This Agreement, and any amendment or modification entered into pursuant to Section 5 hereof, may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute one and the same instrument.  
13.     CODE SECTION 409A
The Company makes no representations or warranties to Executive with respect to any tax, economic or legal consequences of this Agreement or any payments or other benefits provided hereunder, including without limitation under Code Section 409A, and no provision of this Agreement shall be interpreted or construed to transfer any liability for failure to comply with Code Section 409A from Executive or any other individual to the Company 

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or any of its affiliates.  Executive, by executing this Agreement, shall be deemed to have waived any claim against the Company and its affiliates with respect to any such tax, economic or legal consequences.  However, the parties intend that this Agreement and the payments and benefits provided hereunder be exempt from the requirements of Code Section 409A, and the rules and regulations issued thereunder, to the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation Section 1.409A-1(b)(9)(iii), or otherwise.  To the extent Code Section 409A is applicable to this Agreement, the parties intend that this Agreement and any payments and benefits hereunder comply with the deferral, payout and other limitations and restrictions imposed under Code Section 409A so as to avoid the imputation of any tax, penalty or interest under Code Section 409A.  Notwithstanding anything herein to the contrary, this Agreement shall be construed, interpreted, operated and administered in a manner consistent with such intentions.  Without limiting the generality of the foregoing, and notwithstanding any other provision of this Agreement to the contrary: 
(a)    To the extent Code Section 409A is applicable to this Agreement, a termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of amounts or benefits upon or following a termination of employment unless such termination constitutes a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h)(1), without regard to the optional alternative definitions available thereunder (a “Separation from Service”), and, for purposes of any such provision of this Agreement, references to “terminate,” “termination,” “termination of employment,” “resigns” and like terms shall mean Separation from Service.  
(b)    If Executive is a “specified employee” within the meaning of Treasury Regulation Section 1.409A-1(i) as of the date of Executive’s Separation from Service, Executive shall not be entitled to any payment or benefit on account of Executive’s Separation from Service, until the earlier of (1) the date which is six (6) months after Executive’s Separation from Service for any reason other than death, or (2) the date of Executive’s death.  The provisions of this paragraph shall only apply if, and to the extent, required to avoid the imputation of any tax, penalty or interest pursuant to Code Section 409A on Executive.  Any amounts otherwise payable to Executive upon or in the six (6) month period following Executive’s Separation from Service that are not so paid by reason of this Section 13(b) shall be paid (without interest) as soon as practicable (and in all events within thirty (30) days) after the date that is six (6) months after Executive’s Separation from Service (or, if earlier, as soon as practicable, and in all events within thirty (30) days, after the date of Executive’s death).  

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IN WITNESS WHEREOF, the parties have executed and entered into this Agreement on the date first set forth above.
    
        	
		
	ALLEN PARKER

	 
	 

	 
	 

	 
	 

	 
	 

	/s/ Allen Parker

	 
	 

	 
	 

	ZILLOW GROUP, INC.

	 
	 

	 
	 

	By
	/s/ Spencer M. Rascoff

	 
	 

	 
	 

	Its
	Chief Executive Officer

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APPENDIX A
DEFINITIONS
Capitalized terms used below that are not defined in this Appendix A have the meanings set forth in the Executive Employment Agreement (“Agreement”) to which this Appendix A is attached.  As used in the Agreement.
1.    “Cause” means the occurrence of one or more of the following events: 
(a) willful misconduct, insubordination or dishonesty in the performance of Executive’s duties or a knowing and material violation of the Company’s policies and procedures in effect from time to time which results in a material adverse effect on the Company; 
(b) the continued failure of Executive to satisfactorily perform his duties after receipt of written notice that identifies the areas in which Executive’s performance is deficient; 
(c) willful actions in bad faith or intentional failures to act in good faith by Executive with respect to the Company that materially impair the Company business, goodwill or reputation; 
(d) conviction of Executive of a felony or misdemeanor, conduct by Executive that the Company reasonably believes violates any statute, rule or regulation governing the Company, or conduct by Executive that the Company reasonably believes constitutes unethical practices, dishonesty or disloyalty and that results in a material adverse effect on the Company; 
(e) current use by Executive of illegal substances; or 
(f) any material violation by Executive of this Agreement or the Company’s Confidential Information, Inventions, Nonsolicitation and Noncompetition Agreement. 
2.    “Good Reason” means that Executive, without Executive’s express, written consent, has: 
(a)    incurred a material reduction in Executive’s annual Salary or bonus opportunity (except for reductions in connection with a general reduction in annual Salary for all executives of the Company by an average percentage that is not less than the percentage reduction of Executive’s annual Salary); 
(b)    suffered a material breach of this Agreement by the Company;
(c)    incurred a material reduction in authority, duties or responsibilities at the Company or with respect to a termination in connection with a Change of Control, relative to authority, duties or responsibilities immediately prior to the Change of Control; or
(d)    been required to relocate more than fifty (50) miles from Executive’s residence located in the Seattle, Washington area, or in the event the parties mutually agree that Executive would reside elsewhere, Executive’s then current place of residence, in order to continue to perform the duties and responsibilities of Executive’s position (not including customary travel as may be required by the nature of Executive’s position).

12Exhibit

Exhibit 10.1

AMENDMENT NO. 1 TO MASTER LEASE AND SECURITY AGREEMENT
(Chatfield Close-Out/Lease Combination)

THIS AMENDMENT NO. 1 TO MASTER LEASE AND SECURITY AGREEMENT (hereinafter, this “Amendment”) is to be effective as of September 1, 2018 (the “Amendment Date”), by and between each of the entities identified on Schedule 1 as an “Existing Landlord” (individually and collectively, “Existing Landlord”) and a “New Landlord” (individually and collectively, “New Landlord” and with Existing Landlord, “Landlord”), and each of the entities identified on Schedule 1 as “Existing Tenant” (individually and collectively, “Existing Tenant”) and a “New Tenant” (individually and collectively, “New Tenant” and with Existing Tenant, “Tenant”).
RECITALS
A.Existing Landlord and Existing Tenant are parties to that certain Master Lease and Security Agreement dated as of April 26, 2018 (as amended, the “Master Lease”); and
B.Ventas, Inc. (“Ventas”) and Brookdale Senior Living, Inc. (“Brookdale”) are parties to that certain letter agreement (the “Side Letter”) dated April 26, 2018; and
C.The parties hereto, together with certain parties to the Separate Leases (as defined in the Side Letter) are parties to that certain Lease Combination Agreement (“LCA”) dated as of April 26, 2018 pursuant to which a Combination Notice was, pursuant to the terms of the Side Letter, deemed to have been delivered (i) adding certain Subject Facilities (as defined in the LCA) and the New Landlord and New Tenant to the Lease when the debt encumbering the Subject Facilities identified on Schedule 1A (the “New Facilities”) was repaid, and (ii) removing the same from applicable Separate Leases (as defined in the LCA), each effective August 1, 2018 (the “Combination Effective Date”); and
D.Additionally, Tenant has requested that Landlord reimburse Tenant for certain improvements previously made to the Facility known as “Brookdale Chatfield” with a street address of One Chatfield Drive, West Hartford, CT, 06110 (the “Brookdale Chatfield”), in the amount of $[***] at a [***]% return (the “Chatfield Reimbursement”); and
E.Landlord has agreed to reimburse Tenant for such amount subject to execution of this Amendment and, concurrently herewith, Landlord has funded such amount to Tenant; and
F.Landlord and Tenant wish to amend the Master Lease as set forth herein.  
      NOW, THEREFORE, in consideration of the foregoing Recitals, which by this reference are incorporated herein, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

1.    Capitalized Terms.  All capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the Lease. 
2.    Amendments to Lease.  As of the Effective Date, the Master Lease included the terms of Section 1.2 of Exhibit H of the Master Lease (as such Exhibit H is amended and restated pursuant to Section 2.8 of this Amendment).  Without limiting the foregoing, the Master Lease is amended as follows:
2.1.    From and after the Combination Effective Date, the Minimum Rent (the “Old Minimum Rent”) under the Master Lease as of immediately prior to the Combination Effective Date shall be deemed to have been increased by $16,287,536 (being the aggregate Hypothetical Minimum Rent of the New Facilities immediately prior to the Combination Effective Date), resulting in Minimum Rent for the period from the Combination Effective Date through August 31, 2018 to be equal to $159,592,568 per annum.  The Initial Term shall be deemed to have commenced, with respect to each Applicable Facility, on the commencement date that is applicable to such Applicable Facility as provided in the applicable Separate Lease.  The Existing Lease that applied to each Applicable Facility immediately prior to the Combination Effective Date shall be deemed to be such applicable Separate Lease.
2.2.    As of the date hereof, on account of the Chatfield Reimbursement, the Minimum Rent for the Lease Year ending on December 31, 2018 is increased by $78,652 to the rate of $159,671,220 per annum.  Such increase shall not limit the terms of Section 4.1.6 of the Lease.
2.3.    From and after the Combination Effective Date, the Premises, the Facilities and the Landlord Personal Property shall be deemed to include the property described on Exhibit B to this Amendment. 
2.4.    For the avoidance of doubt, the provisions of Section 2.3 of the Master Lease shall apply with respect to the addition of each Applicable Facility, except that with respect to such Applicable Facility, the “Effective Date” for such Applicable Facility shall be deemed to be the Combination Effective Date.
2.5.    The definition of “Agreed Rate” in Exhibit A of the Master Lease is hereby deleted and replaced with the following:
“Agreed Rate” shall mean, for any month, a rate per annum equal to 4% per annum plus the highest prime rate reported in the Money Rates column or section of The Wall Street Journal published on the first Business Day of that month, as having been the prime rate in effect for corporate loans at large U.S. money center commercial banks (whether or not such rate has actually been charged by any such bank) as of the first Business Day of such month.  If The Wall Street Journal ceases publication of the prime rate, the “Agreed Rate” shall mean the prime rate (or base rate) announced by JP Morgan Chase Bank, N.A., New York, New York, or its successors (whether or not such rate has actually been charged by such bank).  If such bank discontinues the practice of announcing the prime rate, the “Agreed Rate” shall 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

mean 4% per annum plus the highest rate charged by such bank on short-term, unsecured loans to its more creditworthy large corporate borrowers.
2.6.    Exhibit B to the Master Lease is hereby amended to add the information as set forth in Exhibit B attached hereto.
2.7.    Exhibit G to the Master Lease is hereby amended to add the information as set forth in Exhibit G attached hereto.
2.8.    Exhibit H to the Master Lease is hereby amended and restated as set forth in Exhibit H attached hereto, and all references to Exhibit H in this Amendment refer to Exhibit H attached hereto. 
2.9.    Schedule 1 to the Master Lease is hereby replaced with Schedule 1 attached hereto to reflect, as of the Combination Effective Date (after giving effect to the addition of each Applicable Facility to the Master Lease and the increase in Minimum Rent described above), (i) the Landlords, the Tenants, and the facility information for each of the Facilities, and (ii) the Tenant’s Proportionate Shares (shown to three decimal places).  
2.10.    Schedule 1A to the Master Lease is hereby amended to add the information as set forth in Schedule 1A attached hereto.
2.11.    Schedule 2.3.1 to the Master Lease is hereby amended to add the information as set forth in Schedule 2.3.1 attached hereto.
2.12.    Schedule 5.3(b) to the Master Lease is hereby amended and restated as set forth in Schedule 5.3(b) attached hereto.
2.13.    Schedule 5.10.1 to the Master Lease is hereby amended to add the information as set forth in Schedule 5.10.1 attached hereto.
3.    Lease Combination.    As of the Combination Effective Date, each New Tenant (the “Applicable Tenant”) and each New Landlord (the “Applicable Landlord”) under the Separate Lease with respect to the applicable New Facility (the “Applicable Facility”) combined the Master Lease and such Separate Lease into a single Lease as provided in Section 14.1 and Exhibit H (the “Lease Combination Provisions”) of the Master Lease.  For purposes of the Lease Combination Provisions, the Master Lease is the Surviving Lease, the Combination Effective Date is the Surviving Lease Date, such Separate Lease is a Combination Lease, and the Applicable Facility is the “Additional Property.”  For the avoidance of doubt, this Section 3 shall be deemed to have combined each such Separate Lease, as it relates to the Applicable Facility, into the Master Lease, such that the Master Lease governs with respect to the Applicable Facility from and after the Combination Effective Date. 
4.    Assumption by Landlord.  As of the Combination Effective Date, Applicable Landlord joined in and agreed to be bound by the Master Lease as a Master Lease Landlord 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

thereunder and assumes the obligations of (and been assigned the rights of) a landlord under the Master Lease.     
5.    Assumption by Tenant.  As of the Combination Effective Date, Applicable Tenant joined in and agreed to be bound by the Master Lease as a Master Lease Tenant thereunder and assumed all of the obligations of (and was assigned the rights of) a tenant under the Master Lease.  Further, and as provided in Section 1.2.5 of Exhibit H of the Master Lease, Applicable Tenant was deemed to have acknowledged and agreed that, as a Master Lease Tenant under the Master Lease, it shall be responsible for the payment, performance and satisfaction of all duties, obligations and liabilities arising under the Combination Lease insofar as they relate to the Applicable Facility that were not paid, performed and satisfied in full prior to the Combination Effective Date.
6.    Deposits. Deposits held by the Applicable Landlord under any Separate Lease with respect to the Applicable Facility shall be treated in accordance with the terms of the Side Letter.
7.    Miscellaneous.
7.1.    Consistency.  Whether or not specifically modified or amended by the provisions of this Amendment, all of the provisions, schedules and exhibits of the Master Lease and the Separate Leases shall be deemed to have been amended (i) to the extent necessary to make such provisions, schedules and exhibits consistent with the modifications and amendments provided for in the preceding portions of this Amendment, and (ii) to the extent necessary to give effect to the purpose and intent of this Amendment.
7.2.    Integrated Agreement; Modifications; Waivers.  This Amendment, and the Master Lease as amended hereby, constitute the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior representations, understandings and agreements, whether written or oral, with respect to such subject matter.  Each of the parties hereto acknowledges that it has not relied upon, in entering into this Amendment, any representation, warranty, promise or condition not specifically set forth in this Amendment.  
7.3.    Sealed Writing.  The parties acknowledge and agree that the Master Lease, as amended by this Amendment, is intended to be a sealed instrument and to comply with Virginia Code Sections 55-2 and 11-3, and shall be interpreted as if the words “this deed of Lease” were included in the body of the Master Lease.
7.4.    Effect of Amendment.  Except as expressly modified in this Amendment, the Master Lease shall remain in full force and effect and is expressly ratified and confirmed by the parties hereto, and Tenant shall lease the Facilities (as modified by this Amendment) from Landlord on the terms set forth in the Master Lease (as modified by this Amendment).  In the event of any inconsistencies between the terms of this Amendment and any terms of the Master Lease, the terms of this Amendment shall control.
7.5.    Counterparts.  This Amendment may be executed and delivered (including by facsimile or Portable Document Format (pdf) transmission) in counterparts, all of which executed 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

counterparts shall together constitute a single document. Signature pages may be detached from the counterparts and attached to a single copy of this document to physically form one document. Any such facsimile documents and signatures shall have the same force and effect as manually-signed originals and shall be binding on the parties hereto.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

IN WITNESS WHEREOF, this Amendment has been executed by Landlord and Tenant as of the date first written above.

	
	
	TENANT:

	
	
	BLC-THE HALLMARK, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-KENWOOD OF LAKE VIEW, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BROOKDALE SENIOR LIVING COMMUNITIES, INC. a Delaware corporation (f/k/a Alterra Healthcare Corporation and Alternative Living Services, Inc.)

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

ACKNOWLEDGEMENT

STATE OF Tennessee            )
)  :ss.:
COUNTY OF Williamson        )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Brookdale Senior Living Communities, Inc., a Delaware corporation (“Company”), by Todd Kaestner, its EVP, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood,Tennessee, this 31st day of August, 2018. 

(SEAL)    
/s/ Linda B. DeVault                
Notary Public
Print Name:  Linda B. DeVault        
My commission expires:  11-18-19        
Acting in the County of:  Williamson        

	
	
	BLC-GABLES AT FARMINGTON, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BLC-DEVONSHIRE OF HOFFMAN ESTATES, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-THE BERKSHIRE OF CASTLETON, L.P., a Delaware limited partnership

By:   BLC-The Berkshire of Castleton, LLC, a Delaware limited liability company, its General Partner

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-SPRINGS AT EAST MESA, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	 

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	

BLC-RIVER BAY CLUB, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-WOODSIDE TERRACE, L.P., a Delaware limited partnership

By:    BLC-Woodside Terrace, LLC, a Delaware limited liability company, its general partner

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

BLC-ATRIUM AT SAN JOSE, L.P., a Delaware limited partnership

By:   BLC-Atrium at San Jose, LLC, a Delaware limited liability company, its general partner

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BLC-BROOKDALE PLACE OF SAN MARCOS, L.P., a Delaware limited partnership
By:   BLC-Brookdale Place of San Marcos, LLC, a Delaware limited liability company, its general partner

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-PONCE DE LEON, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-PARK PLACE, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	 

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BLC-HAWTHORNE LAKES, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-THE WILLOWS, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-BRENDENWOOD, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BLC-CHATFIELD, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	 

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF FLORIDA, INC. a Delaware corporation 

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-DNC, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-GV, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	SW ASSISTED LIVING, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	SUMMERVILLE AT FAIRWOOD MANOR, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	SUMMERVILLE AT HERITAGE PLACE, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	SUMMERVILLE 5 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	SUMMERVILLE 4 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	SUMMERVILLE 14 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

SUMMERVILLE 15 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

SUMMERVILLE 16 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

SUMMERVILLE 17 LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	SUMMERVILLE AT RIDGEWOOD GARDENS LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	ALS PROPERTIES TENANT I, LLC, 
a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

ACKNOWLEDGEMENT

STATE OF Tennessee            )
)  :ss.:
COUNTY OF Williamson        )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared ALS Properties Tenant I, LLC, a Delaware limited liability company (“Company”), by Todd Kaestner, its EVP, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood,Tennessee, this 31st day of August, 2018. 

(SEAL)    
/s/ Linda B. DeVault                
Notary Public
Print Name:  Linda B. DeVault        
My commission expires:  11-18-19        
Acting in the County of:  Williamson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	ALS PROPERTIES TENANT II, LLC, a Delaware limited liability company

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

	ALS LEASING, INC., a Delaware corporation 

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

ACKNOWLEDGEMENT

STATE OF Tennessee            )
)  :ss.:
COUNTY OF Williamson        )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared ALS Leasing, Inc.., a Delaware corporation (“Company”), by Todd Kaestner, its EVP, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood,Tennessee, this 31st day of August, 2018. 

(SEAL)    
/s/ Linda B. DeVault                
Notary Public
Print Name:  Linda B. DeVault        
My commission expires:  11-18-19        
Acting in the County of:  Williamson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	

ASSISTED LIVING PROPERTIES, INC., a Kansas corporation 

By:  /s/ H. Todd Kaestner                    
Name:  H. Todd Kaestner                    
Title:  Executive Vice President          

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	LANDLORD:

	VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership
By: Ventas, Inc., a Delaware corporation, its general partner

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title:  Sr. Vice President & Chief Tax Officer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	PSLT-ALS PROPERTIES I, LLC, a Delaware limited liability company 
By: PSLT-ALS Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

ACKNOWLEDGEMENT

STATE OF Kentucky      )
                           )  :ss.:
COUNTY OF Jefferson       )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Ventas Provident, LLC, a Delaware limited liability company (“Company”), the sole member of PSLT GP, LLC, the general partner of PSLT OP, L.P., the sole member of PSLT-ALS Properties Holdings, LLC, the sole member of PSLT-ALT Properties I, LLC, by Brian K. Wood, its VP & Treasurer, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

 IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Louisville, Kentucky, this 31st day of August, 2018. 

(SEAL)              
/s/ Kristin M. Ashley                
Notary Public
Print Name: Kristin M. Ashley        
My commission expires: 2/1/2020        
Acting in the County of:  Jefferson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	PSLT-ALS PROPERTIES II, LLC, a Delaware limited liability company
By: PSLT-ALS Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	

PSLT-ALS PROPERTIES IV, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	PSLT-ALS PROPERTIES III, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

ACKNOWLEDGEMENT

STATE OF Kentucky      )
                           )  :ss.:
COUNTY OF Jefferson       )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Brian K. Wood, VP & Treasurer of PSLT-ALS PROPERTIES III, LLC, a Delaware limited liability company (“Company”), which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

 IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Louisville, Kentucky, this 31st day of August, 2018. 

(SEAL)              
/s/ Kristin M. Ashley                
Notary Public
Print Name: Kristin M. Ashley        
My commission expires: 2/1/2020        
Acting in the County of:  Jefferson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-2960, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-HV, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Authorized Signatory

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	RIVER OAKS PARTNERS, an Illinois general partnership
By: Brookdale Holdings, LLC, its managing partner
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF MINNESOTA, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member  

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF CONNECTICUT, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	PSLT-BLC PROPERTIES HOLDINGS, LLC, a Delaware limited liability company
By: PSLT OP, L.P., its sole member 
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	THE PONDS OF PEMBROKE LIMITED PARTNERSHIP, an Illinois general partnership
By: Brookdale Holdings, LLC, its general partner
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF ARIZONA-EM, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member 
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF MASSACHUSETTS-RB, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF CALIFORNIA-RC, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member 
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF CALIFORNIA, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BLC OF CALIFORNIA-SAN MARCOS, L.P., a Delaware limited partnership
By: Brookdale Living Communities of California-San Marcos, LLC, its general partner
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF WASHINGTON-PP, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-II, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	BROOKDALE LIVING COMMUNITIES OF NEW JERSEY, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	BROOKDALE LIVING COMMUNITIES OF FLORIDA-CL, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
Ventas Provident, LLC, its sole member

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	NATIONWIDE HEALTH PROPERTIES, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

ACKNOWLEDGEMENT

STATE OF Kentucky      )
                           )  :ss.:
COUNTY OF Jefferson       )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Nationwide Health Properties, LLC, a Delaware limited liability company corporation (“Company”), by Brian K. Wood, its VP & Treasurer, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

 IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Louisville, Kentucky, this 31st day of August, 2018. 

(SEAL)              
/s/ Kristin M. Ashley                
Notary Public
Print Name: Kristin M. Ashley        
My commission expires: 2/1/2020        
Acting in the County of:  Jefferson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	2010 UNION LIMITED PARTNERSHIP, a Washington limited partnership
By: Nationwide Health Properties, LLC, its general partner

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	NH TEXAS PROPERTIES LIMITED PARTNERSHIP, a Texas limited partnership
By: MLD Texas Corporation, its general partner

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	MLD PROPERTIES, INC., a Delaware corporation

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	JER/NHP SENIOR LIVING ACQUISITION, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

ACKNOWLEDGEMENT

STATE OF Kentucky      )
                           )  :ss.:
COUNTY OF Jefferson       )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared JER/NHP Senior Living Acquisition, LLC, a Delaware limited liability company (“Company”), by Brian K. Wood, its VP & Treasurer, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

 IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Louisville, Kentucky, this 31st day of August, 2018. 

(SEAL)              
/s/ Kristin M. Ashley                
Notary Public
Print Name: Kristin M. Ashley        
My commission expires: 2/1/2020        
Acting in the County of:  Jefferson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	JER/NHP SENIOR LIVING KANSAS, INC., a Kansas corporation

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	JER/NHP SENIOR LIVING TEXAS, L.P., a Texas limited partnership
By: JER/NHP Management Texas, LLC, its general partner

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	MLD PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership
By: MLD Properties II, Inc., its general partner

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	NHP MCCLAIN, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

ACKNOWLEDGEMENT

STATE OF Kentucky      )
                           )  :ss.:
COUNTY OF Jefferson       )

Before me, the undersigned, a Notary Public in and for said County and State, personally appeared NHP MCCLAIN, LLC, a Delaware limited liability company (“Company”), by Brian K. Wood, its VP & Treasurer, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

 IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Louisville, Kentucky, this 31st day of August, 2018. 

(SEAL)              
/s/ Kristin M. Ashley                
Notary Public
Print Name: Kristin M. Ashley        
My commission expires: 2/1/2020        
Acting in the County of:  Jefferson        

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	 

	VENTAS FAIRWOOD, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	VENTAS FRAMINGHAM, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	VENTAS WHITEHALL ESTATES, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
	
	VTR-EMRTS HOLDINGS, LLC, a Delaware limited liability company

By:  /s/ Brian K. Wood        
Name:  Brian K. Wood         
Title: Vice President & Treasurer

	 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

CONSENT AND REAFFIRMATION OF GUARANTOR 
THIS CONSENT AND REAFFIRMATION OF GUARANTOR (this “Reaffirmation”) is entered into concurrently with and is attached to and hereby made a part of Amendment No. 1 to Master Lease and Security Agreement effective as of September 1, 2018 (the “Lease Amendment”) between Landlord and Tenant (both, as defined therein).
BROOKDALE SENIOR LIVING INC., a Delaware corporation (“Guarantor”) executed and delivered that certain Guaranty dated as of April 26, 2018 (the “Guaranty”), pursuant to which Guarantor guarantied for the benefit of Landlord, the obligations of Tenant under the Lease.
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Guarantor hereby acknowledges, reaffirms and agrees:
1.Capitalized terms used but not defined in this Reaffirmation shall have the same meanings for purposes of this Reaffirmation as provided in or for purposes of the Lease Amendment.
2.Guarantor hereby (i) acknowledges and consents to the Lease Amendment, (ii) reaffirms its obligations under the Guaranty with respect to the Lease as amended by the Lease Amendment, and (iii) confirms that the Guaranty remains in full force and effect. 
3.Although Guarantor has been informed of the terms of the Lease Amendment, Guarantor understands and agrees that Landlord has no duty to so notify it or to seek this or any future acknowledgment, consent or reaffirmation, and nothing contained herein shall create or imply any such duty as to any transactions, past or future.
Guarantor has executed this Consent and Reaffirmation of Guarantor effective as of the Amendment Date.
GUARANTOR:
BROOKDALE SENIOR LIVING INC., 
a Delaware corporation
By:  /s/ H. Todd Kaestner        
Name:  H. Todd Kaestner        
Title:  EVP, Corporate Development     

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

ADDITIONS TO EXHIBIT B
Legal Descriptions
1.    Brookdale Bonita Springs (VTR ID - [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0154

2.    Brookdale West Boynton Beach (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0154

3.    Brookdale Jensen Beach (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0154

4.    Brookdale Alliance (VTR ID – [***]) (BKD ID – [***])    
See legal description for such Applicable Facility as included in lease LS0053

5.    Brookdale Westerville (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

6.    Brookdale Evansville (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

7.    Brookdale Inver Grove Heights (VTR ID - [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

8.    Brookdale Kenmore (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

9.    Brookdale Leawood State Line (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

10.    Brookdale El Camino (VTR ID – [***]) (BKD ID – [***])    
See legal description for such Applicable Facility as included in lease LS0053

11.    Brookdale Niskayuna (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

12.    Brookdale Northville (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

13.    Brookdale Puyallup South (VTR ID – [***])    (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

14.    Brookdale Centre Pointe Boulevard  (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

15.    Brookdale Topeka (VTR ID – [***])    (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

16.    Brookdale West Melbourne MC (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

17.    Brookdale Williamsville (VTR ID – [***]) (BKD ID – [***])
See legal description for such Applicable Facility as included in lease LS0053

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

ADDITIONS TO EXHIBIT G
Restrictive Covenants
[***] 
[2 pages omitted]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

EXHIBIT H
		
	1.
	Combination of Properties. If Landlord desires to combine this Lease with one or more properties (“Additional Properties”) under a Combination Lease, Tenant shall execute an amendment to this Lease pursuant to which (a) if this Lease is the Surviving Lease, the Additional Properties covered by the Combination Lease are added as Facilities under this Lease and otherwise merged into this Lease or (b) if the Combination Lease is the Surviving Lease, the Facilities covered by this Lease are added as Facilities under the Combination Lease and otherwise merged into the Combination Lease, in each case subject to this Exhibit H.  Notwithstanding anything to the contrary contained in this Lease, unless Tenant agrees otherwise (in its sole discretion), this Lease shall at all times be the “Surviving Lease” (and Landlord shall be deemed to have elected or chosen this Lease as the Surviving Lease) if Landlord elects to combine this Lease with any other lease or agreement pursuant to this Exhibit H.

		
	1.1.
	Surviving Lease.  References in this Lease to the “Surviving Lease” shall mean and refer to whichever of this Lease or the Combination Lease is chosen or deemed chosen by Landlord to be the Surviving Lease.

		
	1.2.
	Lease Amendments Where This Lease Survives.  If this Lease is the Surviving Lease, effective as of the date specified in Section 1.3 of this Exhibit H (the “Surviving Lease Date”), this Lease shall be deemed to be amended as follows:

		
	1.2.1.
	The Additional Properties shall be included as Facilities under this Lease and the appropriate exhibits to this Lease shall be amended to add the addresses and legal descriptions of such Additional Properties;

		
	1.2.2.
	Minimum Rent under this Lease shall be the combination of the respective amounts of the Minimum Rent under this Lease and the Combination Lease;

		
	1.2.3.
	The term, any rental escalations and extension rights applicable to any Additional Property under a Combination Lease shall apply with respect to such Additional Property under this Lease after the combination (notwithstanding the terms of this Lease);

		
	1.2.4.
	Schedule 1 and the Proportionate Shares shall be amended as provided in Section 2.6 of this Exhibit H;

		
	1.2.5.
	Subject to the terms of Section 7 of this Lease, Tenant under this Lease shall be responsible for the payment, performance and satisfaction of all duties, obligations and liabilities arising under the Combination Lease, insofar as they relate to the Additional Properties, that were not paid, performed and satisfied in full prior to the Surviving Lease Date, and, without limitation of the foregoing, (1) any “Event of Default” that had occurred, arisen or accrued under the Combination Lease prior to the Surviving Lease Date shall be, and shall be deemed to be, an “Event of Default” under this Lease 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

(subject to the characterization of such Event of Default pursuant to Section 2.5 of the Omnibus Agreement), as to which the rights and remedies and other provisions of this Lease shall be applicable, (2) any breach or default that had occurred, arisen or accrued under the Combination Lease prior to the Surviving Lease Date but had not yet become an Event of Default under the Combination Lease as of the Surviving Lease Date shall be, and be deemed to be, a breach or default under this Lease, as to which the cure periods, rights and remedies and other provisions of this Lease shall be applicable, and (3) with respect to any breach or default described in clause (2) above, although the cure periods, rights and remedies and other provisions of this Lease shall be applicable, the portion of any cure period under the Combination Lease that had elapsed as of the Surviving Lease Date shall be counted in determining whether and when the applicable cure period under this Lease has expired.  Notwithstanding the foregoing or anything to the contrary contained herein, Landlord shall not have the right to combine into this Lease any Combination Lease that has an existing Master Lease Event of Default (other than a monetary Event of Default); 
		
	1.2.6.
	The Additional Properties shall otherwise be incorporated into this Lease as Facilities included under this Lease the same as if this Lease, from the inception of this Lease, had included such Facilities as Facilities under this Lease on the rent and other economic terms described in the Combination Lease (and, in such regard, any provisions of the Combination Lease that apply particularly, or in a particular manner, to any or all of the Additional Properties shall continue to apply thereto under this Lease (e.g., if an Additional Property is located in a particular jurisdiction and, under the Combination Lease, particular provisions apply thereto on account thereof, such provisions shall continue to apply to such Additional Property under this Lease, as the Surviving Lease)); and

		
	1.2.7.
	In addition to the foregoing, this Lease (and/or the Combination Lease), as applicable, shall each be equitably modified (to the extent necessary) in connection with the addition of Additional Properties to this Lease to ensure that Tenant’s rights (economic or otherwise) are not reduced, and its obligations (economic or otherwise) are not increased, under either of this Lease or the Combination Lease, in each case in any material respect.

		
	1.3.
	Surviving Lease Date. In the case of any combination of leases pursuant to Section 14.1 and this Exhibit H, such combination shall be effective on the date the required amendments to this Lease and the Combination Lease are fully executed and delivered by the parties thereto.

		
	1.4.
	Additional Actions. Landlord and each Tenant shall take such actions and execute and deliver such documents, including required amendments to this Lease and the Combination Lease, as are reasonably necessary and appropriate to effectuate fully the provisions and intent of Section 14.1 and Section 1 of this Exhibit H.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

		
	2.
	New Lease. If Landlord elects to separate from this Lease one or more Transferred Facilities and move them to a New Lease, Tenant shall execute such New Lease and an amendment to this Lease, pursuant to the terms of this Section 2. 

		
	2.1.
	New Lease Terms. Landlord and Tenant shall execute a New Lease for such Transferred Facilities, effective as of the date specified in Section 2.3 of this Exhibit H (the “Property Transfer Date”), in the same form and substance as this Lease (and Landlord shall be deemed to have elected or chosen the terms of such New Lease as the governing terms if Landlord elects to combine such New Lease with any other lease or agreement pursuant to its terms), but with the following changes thereto:

		
	2.1.1.
	The initial Minimum Rent for such Transferred Facilities shall be an amount of Minimum Rent allocable to the Transferred Facilities immediately prior to the Property Transfer Date (based upon the Proportionate Shares of such Transferred Facilities and as described in Section 2.7 of this Exhibit H). The term, any rental escalations and extension rights applicable to any Transferred Facilities under this Lease shall apply under the New Lease after the combination, provided (i) extension rights shall apply in the same manner as required under this Lease and (ii) any escalation shall be applied in the full amount required as if such Transferred Facilities had been under the New Lease for a full year, notwithstanding that the period from the Property Transfer Date to the rent escalation date may be less than one full year.

		
	2.1.2.
	The Proportionate Shares for the Transferred Facilities shall be determined as provided in Section 2.7 of this Exhibit H.

		
	2.1.3.
	The New Lease shall provide that each Tenant thereunder shall be responsible for the payment, performance and satisfaction of all duties, obligations and liabilities arising under this Lease, insofar as they relate to the Transferred Facilities subject to the New Lease, that were not paid, performed and satisfied in full prior to the Property Transfer Date (and Tenant under this Lease shall also be responsible for the payment, performance and satisfaction of the aforesaid duties, obligations and liabilities not paid, performed and satisfied in full prior to the Property Transfer Date), and shall further provide that the Tenant thereunder shall not be responsible for the payment, performance or satisfaction of any duties, obligations and liabilities of Tenant under this Lease arising after the Property Transfer Date.

		
	2.1.4.
	At the election of Landlord, any one or more of the provisions of the New Lease pertaining to the REIT Requirements of any REIT Affiliate shall be deleted. 

		
	2.1.5.
	Such New Lease shall contain escrow and capital expenditures deposits in the same manner or fashion as described in this Lease. Such amounts under the New Lease shall initially be funded by Landlord from the Escrow Deposits and Facility Upgrade Deposits credited to Tenant, with the Escrow Deposits and Facility Upgrade Deposits under the New Lease to be equal to such amounts, as determined by Landlord, in its 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

reasonable discretion, as are held by Landlord under this Lease with respect to the Transferred Facilities immediately prior to the Property Transfer Date; provided, however, that any such determination by Landlord that changes the then-applicable allocations of such Escrow Deposits or Facility Upgrade Deposits shall in no event increase (or result in any increase in) the amount of Escrow Deposits or Facility Upgrade Deposits that Tenant is required to deposit, in the aggregate, under this Lease and the New Lease.  
		
	2.1.6.
	Such New Lease shall be guaranteed in the same manner or fashion as this Lease. Such New Lease shall remain subject to the Lease Guaranty for so long as the Facilities subject to such New Lease are owned by Ventas or a wholly owned Affiliate of Ventas.  Contemporaneously with the transfer of any Facility(ies) under a New Lease to a party that is not Ventas or a wholly-owned Affiliate of Ventas (a “Third Party”), Tenant shall cause Guarantor to execute and deliver to Landlord a Lease Guaranty in the same form and substance with respect to the New Lease and the duties, liabilities and other obligations of Tenant under such New Lease as such Guarantor’s Lease Guaranty with respect to this Lease and the duties, liabilities and other obligations of Tenant under this Lease (a “New Guaranty”); provided that if, in one transaction or in a series of related transactions, Landlord transfers 15 or fewer Facilities to any Third Party, the New Guaranty with respect to such Facilities shall not include any “Portfolio Coverage Ratio” requirement or any “Landlord Termination Right Period” or the rights associated therewith.

		
	2.2.
	Amendments to this Lease. Upon execution of such New Lease, and effective as of the Property Transfer Date, this Lease shall be deemed to be amended to provide that (a) the Transferred Facilities shall be excluded from the Facilities hereunder, (b) Minimum Rent hereunder shall be reduced by the amount of the Minimum Rent allocable to the Transferred Facilities (based upon the Proportionate Shares of such Transferred Facilities and as described in Section 2.6 of this Exhibit H) and (c) Schedule 1 of this Lease shall be amended as provided in Section 2.7 of this Exhibit H. Such amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at Landlord’s election, the same shall be reflected in a formal amendment to this Lease, which amendment shall be promptly executed by Tenant.

		
	2.3.
	Effective Date. Any New Lease shall be effective on the date the New Lease and the New Guaranty (if applicable) are fully executed and delivered by the parties thereto.

		
	2.4.
	Other Undertakings. Tenant shall take such actions and execute and deliver such documents, including the New Lease and causing Guarantor to execute and deliver the New Guaranty (if applicable), and if requested by Landlord, an amendment to this Lease, as are reasonably necessary and appropriate to effect fully the provisions and intent of this Section 2 of this Exhibit H, and Landlord shall execute and deliver an amendment of this Lease in accordance with Section 2.2 of this Exhibit H.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

		
	2.5.
	Renewal Rights under this Lease and Other Leases.  Notwithstanding anything to the contrary contained in Section 3 of this Lease, this Exhibit H or elsewhere in this Lease, Tenant acknowledges and agrees that (a) any purported Renewal Notice sent by it under this Lease shall be void and of no force or effect unless, simultaneously with the issuance of any such Renewal Notice, the tenant under each of the Other Leases that is co-terminous with this Lease and that remains in effect, also issues a Renewal Notice (as such term may be defined in such Other Leases) with respect to the property(ies) to which each such Other Lease applies and (b) if the tenant under any such Other Lease is for any reason precluded by the terms of such Other Lease from exercising its renewal rights thereunder (e.g., due to the existence of a Master Lease Event of Default (after giving effect to the Omnibus Agreement), Tenant shall be precluded from exercising its renewal rights under this Lease.

		
	2.6.
	New Proportionate Shares. As of the Effective Date, Schedule 1 includes, with respect to each Facility, the proportionate share of Minimum Rent allocated to such Facility (the “Proportionate Share”), which Proportionate Share is expressed as a percentage (to two decimal places) and is subject to adjustment as follows:

		
	2.6.1.
	Deletion of a Facility(ies) pursuant to Section 7.4.12. In the event a Facility or Facilities are removed from this Lease as provided in Section 7.4.12, Schedule 1 to this Lease shall be revised to remove the allocations of Minimum Rent and the Proportionate Share(s) for the Deleted Facility(ies), and to recalculate the Proportionate Shares applicable to the remaining Facilities set forth on such Schedule 1 so that each remaining Facility shall have a Proportionate Share equal to the percentage that the Proportionate Share for such remaining Facility, prior to such revision of Schedule 1, comprises of the aggregate Proportionate Shares, prior to such revision of Schedule 1, for all of the Facilities remaining under this Lease such that the aggregate of all of such recalculated Proportionate Shares equals 100%.

		
	2.6.2.
	Combination of Leases pursuant to Section 14.1 and Exhibit H. In the event this Lease is combined with a Combination Lease as provided in Section 14.1 and this Lease is the Surviving Lease, Schedule 1 to this Lease shall be amended so as to add thereto the Proportionate Share(s) relative to the Facility(ies) under the Combination Lease that was/were previously included in Schedule 1 to the Combination Lease, and the Proportionate Share(s) of the Facility(ies) included in this Lease (including the additional Facility(ies) from the Combination Lease) shall be recalculated so that each such Facility shall have a Proportionate Share equal to the percentage that the Minimum Rent allocable to such Facility (which allocable portion of Minimum Rent shall remain equal to the share of Minimum Rent that was allocated to such Facility under this Lease or the Combination Lease, as applicable, prior to the combination of such leases pursuant to such Section 14.1 and Exhibit H) comprises of the aggregate Minimum Rent for all Facilities included in this Lease (including the Additional Properties) and so that the aggregate of all Proportionate Shares equals 100%.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

		
	2.7.
	New Lease pursuant to Section 14.2 and Exhibit H. In the event a New Lease is entered into pursuant to Section 14.2 and Exhibit H:

		
	2.7.1.
	Such New Lease shall include a schedule comparable to Schedule 1 of this Lease, and such schedule shall include therein a Proportionate Share for each Facility covered by the New Lease equal to the percentage that the Minimum Rent allocable to such Facility under the New Lease comprises of the aggregate Minimum Rent for all Facilities under such New Lease (and the aggregate of all such Proportionate Shares under such New Lease shall equal 100%); and

		
	2.7.2.
	Upon the execution of such New Lease, and effective as of the Property Transfer Date, Schedule 1 of this Lease shall be deemed amended so as to remove the Proportionate Shares for the Transferred Facilities, and the Proportionate Shares for the Facilities remaining under this Lease shall be recalculated so that each such Facility shall have a Proportionate Share equal to the percentage that the Minimum Rent for such Facility comprises of the aggregate Minimum Rent for all Facilities remaining under this Lease, and so that the aggregate of all Proportionate Shares remaining under this Lease equals 100%. Such amendments shall occur automatically and without the necessity of any further action by Landlord or Tenant, but, at Landlord’s election, the same shall be reflected in a formal amendment to this Lease, which amendment shall be promptly executed by Tenant.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

SCHEDULE 1
FACILITY INFORMATION:  BUSINESS, UNITS, ETC.
 “ALF” = Assisted Living Community
“ALZ” = Memory Care Community 
“ILF” = Independent Living Community
“SNF” = Skilled Nursing Facility
*Each Landlord listed with an asterisk after its name is a New Landlord, and each Landlord without an asterisk after its name is an "Existing Landlord".  Each Tenant listed with an asterisk after its name is a New Tenant, and each Tenant without an asterisk after its name is an "Existing Tenant".

	
											
	VTR ID
	BKD ID
	Community Name
	Landlord
	Tenant
	Address
	Type
	No. of Units
	Tenant’s Proportionate Share
	Listed Sale Facility

	[***]
	[***]
	Northbrook
	Ventas Realty, Limited Partnership
	Brookdale Living Communities of Illinois-GV, LLC
	4501 Concord Lane, Northbrook, IL, 60062
	IL/AL
	220
	[***]
	[***]

	[***]
	[***]
	Lake Shore Drive
	Brookdale Living Communities of Illinois-2960, LLC
	BLC-The Hallmark, LLC
	2960 North Lake Shore Drive, Chicago, IL, 60657
	IL/AL
	337
	[***]
	[***]

	[***]
	[***]
	Lake View
	Brookdale Living Communities of Illinois-HV, LLC
	BLC-Kenwood of Lake View, LLC
	3121 North Sheridan Road, Chicago, IL, 60657
	IL/AL
	254
	[***]
	[***]

	[***]
	[***]
	Farmington
	Brookdale Living Communities of Connecticut, LLC
	BLC-Gables at Farmington, LLC
	20 Devonwood Drive, Farmington, CT, 6032
	IL/AL
	168
	[***]
	[***]

	[***]
	[***]
	Hoffman Estates
	PSLT-BLC Properties Holdings, LLC
	BLC-Devonshire of Hoffman Estates, LLC
	1515 Barrington Road, Hoffman Estates, IL, 60169
	IL/AL
	249
	[***]
	[***]

	[***]
	[***]
	Castleton
	PSLT-BLC Properties Holdings, LLC
	BLC-The Berkshire of Castleton, L.P.
	8480 Craig Street, Indianapolis, IN, 46250
	AL
	137
	[***]
	[***]

	[***]
	[***]
	Springs Mesa
	Brookdale Living Communities of Arizona-EM, LLC
	BLC-Springs at East Mesa, LLC
	6220 East Broadway Rd, Mesa, AZ, 85206
	IL/AL
	186
	[***]
	[***]

	[***]
	[***]
	Quincy Bay
	Brookdale Living Communities of Massachusetts-RB, LLC
	BLC-River Bay Club, LLC
	99 Brackett Street, Quincy, MA, 02169
	IL/AL
	281
	[***]
	[***]

	[***]
	[***]
	Redwood City
	Brookdale Living Communities of California-RC, LLC
	BLC-Woodside Terrace, L.P.
	485 Woodside Road, Redwood City, CA, 94061
	IL/AL
	271
	[***]
	[***]

	[***]
	[***]
	San Jose
	Brookdale Living Communities of California, LLC
	BLC-Atrium at San Jose, L.P.
	1009 Blossom River Way, San Jose, CA, 95123
	IL/AL/ALZ
	294
	[***]
	[***]

	[***]
	[***]
	San Marcos
	Brookdale Living Communities of California-San Marcos, L.P.
	BLC-Brookdale Place at San Marcos, L.P.
	1590 W. San Marcos Blvd., San Marcos, CA, 92069
	AL
	209
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	Santa Fe
	PSLT-BLC Properties Holdings, LLC
	BLC-Ponce de Leon, LLC
	640 Alta Vista, Santa Fe, NM, 87505
	IL/AL
	143
	[***]
	[***]

	[***]
	[***]
	Park Place
	Brookdale Living Communities of Washington-PP, LLC
	BLC-Park Place, LLC
	601 South Park Road, Spokane, WA, 99212
	IL/AL/ALZ
	190
	[***]
	[***]

	[***]
	[***]
	Hawthorn Lakes IL/AL
	Brookdale Living Communities of Illinois-II, LLC
	BLC-Hawthorne Lakes, LLC
	10 E. Hawthorn Parkway, Vernon Hills, IL, 60061
	IL/AL
	201
	[***]
	[***]

	[***]
	[***]
	Hawthorn Lakes AL
	PSLT-BLC Properties Holdings, LLC
	BLC-The Willows, LLC
	10 E. Hawthorn Parkway, Vernon Hills, IL, 60061
	AL
	50
	[***]
	[***]

	[***]
	[***]
	Evesham
	Brookdale Living Communities of New Jersey, LLC
	BLC-Brendenwood, LLC
	1 Brendenwood Drive, Voorhees Township, NJ, 08043
	AL
	145
	[***]
	[***]

	[***]
	[***]
	Chatfield
	PSLT-BLC Properties Holdings, LLC
	BLC-Chatfield, LLC
	One Chatfield Drive, West Hartford, CT, 06110
	IL/AL/ALZ
	201
	[***]
	[***]

	[***]
	[***]
	West Palm Beach
	Brookdale Living Communities of Florida-CL, LLC
	Brookdale Living Communities of Florida, Inc.
	6100 Common Circle, West Palm Beach, FL, 33417
	IL/AL
	290
	[***]
	[***]

	[***]
	[***]
	Lisle SNF
	Ventas Realty, Limited Partnership
	Brookdale Living Communities of Illinois-DNC, LLC
	1800 Robin Lane, Lisle, IL, 60532
	SNF
	82
	[***]
	[***]

	[***]
	[***]
	Boulder Creek
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	3375 34th Street, Boulder, CO, 80301
	AL
	76
	[***]
	[***]

	[***]
	[***]
	Forest Grove
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	3110 19th Avenue, Forest Grove, OR, 97116
	AL
	88
	[***]
	[***]

	[***]
	[***]
	Mt. Hood
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	25200 S.E. Stark Street, Gresham, OR, 97030
	AL
	77
	[***]
	[***]

	[***]
	[***]
	Richland
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	1629 George Washington Way, Richland, WA, 99354
	AL
	114
	[***]
	[***]

	[***]
	[***]
	Allenmore AL
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	3615 S. 23rd Street, Tacoma, WA, 98405
	AL
	68
	[***]
	[***]

	[***]
	[***]
	Denton North
	NH Texas Properties Limited Partnership
	Brookdale Senior Living Communities, Inc.
	2525 North Hinkle Drive, Denton, TX, 76201
	AL
	37
	[***]
	[***]

	[***]
	[***]
	Ennis
	NH Texas Properties Limited Partnership
	Brookdale Senior Living Communities, Inc.
	2500 Yorkstown, Ennis, TX, 75119
	AL
	33
	[***]
	[***]

	[***]
	[***]
	Broken Arrow
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	4001 S Aspen Road, Broken Arrow, OK, 74011
	AL / ALZ
	69
	[***]
	[***]

	[***]
	[***]
	Salina Fairdale
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	2251 East Crawford, Salina, KS, 67401
	AL
	40
	[***]
	[***]

	[***]
	[***]
	Tavares
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	2232 Dora Avenue, Tavares, FL, 32778
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Greenville AL/MC
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	1401 N. Broadway, Greenville, OH, 45331
	AL / ALZ
	66
	[***]
	[***]

	[***]
	[***]
	Avondale
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	4455 Merrimac Avenue, Jacksonville, FL, 32210
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Springdale
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	11320 Springfield Pike, Springdale, OH, 45246
	AL / ALZ
	41
	[***]
	[***]

	[***]
	[***]
	Palm Coast
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	3 Club House Drive, Palm Coast, FL, 32137
	AL
	42
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	Rotonda
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	550 Rotonda Blvd West, Rotonda West, FL, 33947
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Yakima
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	4100 West Englewood Avenue, Yakima, WA, 98908
	AL
	73
	[***]
	[***]

	[***]
	[***]
	Falling Creek
	MLD Properties, Inc.
	Brookdale Senior Living Communities, Inc.
	910 29th Avenue NE, Hickory, NC, 28601
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Chandler Ray Road
	Nationwide Health Properties, LLC
	Brookdale Senior Living Communities, Inc.
	2800 West Ray Rd, Chandler, AZ, 85224
	AL
	52
	[***]
	[***]

	[***]
	[***]
	Allenmore - IL
	2010 Union Limited Partnership
	Brookdale Senior Living Communities, Inc.
	2010 S. Union Avenue, Tacoma, WA, 98405
	IL
	118
	[***]
	[***]

	[***]
	[***]
	South Windsor
	Ventas Realty, Limited Partnership
	SW Assisted Living, LLC
	1715 Ellington Road, South Windsor, CT, 06074
	AL/ALZ
	81
	[***]
	[***]

	[***]
	[***]
	Anaheim
	Ventas Realty, Limited Partnership
	Summerville at Fairwood Manor, LLC
	200 North Dale Street, Anaheim, CA, 92801
	AL/ALZ
	115
	[***]
	[***]

	[***]
	[***]
	Tracy
	Ventas Realty, Limited Partnership
	Summerville at Heritage Place, LLC
	355 West Grant Line Road, Tracy, CA, 95376
	AL/ALZ
	131
	[***]
	[***]

	[***]
	[***]
	Cushing Park
	Ventas Framingham, LLC
	Summerville 5 LLC
	300 West Farm Pond Road, Framingham, MA, 01702
	IL/AL/ALZ
	225
	[***]
	[***]

	[***]
	[***]
	Cape Cod
	Ventas Whitehall Estates, LLC
	Summerville 4 LLC
	790 Falmouth Road, Hyannis, MA, 02601
	AL/ALZ
	80
	[***]
	[***]

	[***]
	[***]
	Deer Creek AL/MC
	Ventas Realty, Limited Partnership
	Summerville 17 LLC
	2403 West Hillsboro Boulevard, Deerfield Beach, FL, 33442
	AL/ALZ
	128
	[***]
	[***]

	[***]
	[***]
	Salem AL (VA)
	Nationwide Health Properties, LLC
	Summerville at Ridgewood Gardens LLC
	2001 Ridgewood Drive, Salem, VA, 24153
	AL/ALZ
	74
	[***]
	[***]

	[***]
	[***]
	Austintown
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	1420 South Canfield Niles Road, Austintown, OH, 44515
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	Beavercreek
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	3839 Indian Ripple Road, Beavercreek, OH, 45440
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Cary
	PSLT-ALS Properties II, LLC
	ALS Properties Tenant II, LLC
	7870 Chapel Hill Road, Cary, NC, 27513
	ALZ
	44
	[***]
	[***]

	[***]
	[***]
	Clinton IL
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	99 Brookside Drive, Clinton, NY, 13323
	IL
	84
	[***]
	[***]

	[***]
	[***]
	Vista Grande
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	2780 Vickers Drive, Colorado Springs, CO, 80918
	AL
	67
	[***]
	[***]

	[***]
	[***]
	Eden Prairie
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	7513 Mitchell Road, Eden Prairie, MN, 55344
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Kenosha
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	10108 74th Street, Kenosha, WI, 53142
	ALZ
	54
	[***]
	[***]

	[***]
	[***]
	LaCrosse MC
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	3161 South Avenue, La Crosse, WI, 54601
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	LaCrosse AL
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	3141 East Avenue South, La Crosse, WI, 54601
	AL
	52
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	Alderwood
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	18706 36th Avenue West, Lynnwood, WA, 98037
	ALZ
	60
	[***]
	[***]

	[***]
	[***]
	Marion AL (IN)
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	2452 West Kem Road, Marion, IN, 46952
	AL
	42
	[***]
	[***]

	[***]
	[***]
	East Arbor
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	6060 East Arbor Avenue, Mesa, AZ, 85206
	AL
	50
	[***]
	[***]

	[***]
	[***]
	East Niskayuna
	PSLT-ALS Properties II, LLC
	ALS Properties Tenant II, LLC
	2861 Troy Schenectady Road, Schenectady, NY, 12309
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	North Oaks
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	300 Village Center Drive, North Oaks, MN, 55127
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Oro Valley
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	10175 North Oracle Road, Oro Valley, AZ, 85704
	ALZ
	34
	[***]
	[***]

	[***]
	[***]
	Pensacola
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	8700 University Parkway, Pensacola, FL, 32514
	AL
	50
	[***]
	[***]

	[***]
	[***]
	Peoria
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	8989 West Greenbrian Drive, Peoria, AZ, 85382
	AL
	50
	[***]
	[***]

	[***]
	[***]
	Pittsford
	PSLT-ALS Properties II, LLC
	ALS Properties Tenant II, LLC
	159 Sullys Trail, Pittsford, NY, 14534
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Plymouth
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	15855 22nd Avenue North, Plymouth, MN, 55447
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Portage AL
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	3444 Swanson Road, Portage, IN, 46368
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Richmond
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	3700 South A Street, Richmond, IN, 47374
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Salem AL (OH)
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	1916 South Lincoln Avenue, Salem, OH, 44460
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Summerfield
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	100 Summerfield Village Lane, Syracuse, NY, 13215
	IL
	84
	[***]
	[***]

	[***]
	[***]
	Tempe
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	1610 East Guadalupe Road, Tempe, AZ, 85283
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	East Tucson
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	8468 East Speedway Boulevard, Tucson, AZ, 85710
	AL
	46
	[***]
	[***]

	[***]
	[***]
	Twin Falls
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	1367 Locust Street North, Twin Falls, ID, 83301
	AL
	70
	[***]
	[***]

	[***]
	[***]
	Utica AL
	PSLT-ALS Properties II, LLC
	ALS Properties Tenant II, LLC
	45969 North Pointe Boulevard, Utica, MI, 48315
	AL
	58
	[***]
	[***]

	[***]
	[***]
	Westampton
	PSLT-ALS Properties II, LLC
	ALS Properties Tenant II, LLC
	480 Woodlane Road, Westampton, NJ, 08060
	ALZ
	44
	[***]
	[***]

	[***]
	[***]
	Winston-Salem
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	275 South Peace Haven Road, Winston-Salem, NC, 27104
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	Winter Haven MC
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	6120 Cypress Gardens Boulevard, Winter Haven, FL, 33884
	ALZ
	32
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	Winter Haven AL
	PSLT-ALS Properties I, LLC
	ALS Properties Tenant I, LLC
	6110 Cypress Gardens Boulevard, Winter Haven, FL, 33884
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Farmington Hills North
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	27900 Drake Road, Farmington Hills, MI, 48331
	ALZ
	28
	[***]
	[***]

	[***]
	[***]
	Farmington Hills North II
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	27950 Drake Road, Farmington Hills, MI, 48331
	ALZ
	28
	[***]
	[***]

	[***]
	[***]
	Utica MC
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	45959 North Pointe Blvd., Utica, MI, 48315
	ALZ
	28
	[***]
	[***]

	[***]
	[***]
	Meridian AL
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	5346 Marsh Rd, Haslett, MI, 48840
	AL
	59
	[***]
	[***]

	[***]
	[***]
	Troy MC
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	4900 Northfield Pky, Troy, MI, 48098
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Davison
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	432 East Clark Street, Davison, MI, 48423
	AL
	32
	[***]
	[***]

	[***]
	[***]
	Delta MC
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	4235 Delta Commerce Drive, Delta Township, MI, 48917
	ALZ
	34
	[***]
	[***]

	[***]
	[***]
	Grand Blanc MC
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	5130 Baldwin Road, Holly, MI, 48442
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Grand Blanc AL
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	5080 Baldwin Road, Holly, MI, 48442
	AL
	66
	[***]
	[***]

	[***]
	[***]
	Troy AL
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	4850 Northfield Pky, Troy, MI, 48098
	AL
	66
	[***]
	[***]

	[***]
	[***]
	Delta AL
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	7323 Delta Commerce Drive, Delta Township, MI, 48917
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Fort Myers The Colony
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	13565 American Colony Boulevard, Fort Myers, FL, 33912
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	Ormond Beach West
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	240 Interchange Blvd., Ormond Beach, FL, 32174
	ALZ
	42
	[***]
	[***]

	[***]
	[***]
	Crown Point
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	10050 Old Saint Augustine Road, Jacksonville, FL, 32257
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	Manlius
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	100 Flume Road, Manlius, NY, 13104
	AL
	78
	[***]
	[***]

	[***]
	[***]
	Onalaska
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	949 10th Avenue North, Onalaska, WI, 54650
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Sun Prairie
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	650 Broadway Drive, Sun Prairie, WI, 53590
	ALZ
	20
	[***]
	[***]

	[***]
	[***]
	Mankato
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	100 Teton Lane, Mankato, MN, 56001
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Winona
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	835 E Belleview Street, Winona, MN, 55987
	AL
	19
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	Middleton Century Ave
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	6916 Century Avenue, Middleton, WI, 53562
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Willmar
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	1501 19th Avenue SouthWest, Wilmar, MN, 56201
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Faribault
	JER/NHP Senior Living Acquisition, LLC
	ALS Leasing, Inc.
	935 Spring Road, Faribault, MN, 55021
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Derby
	JER/NHP Senior Living Kansas, Inc.
	Assisted Living Properties, Inc.
	1709 E Walnut Grove, Derby, KS, 67037
	AL
	25
	[***]
	[***]

	[***]
	[***]
	Wellington
	JER/NHP Senior Living Kansas, Inc.
	Assisted Living Properties, Inc.
	500 N Plum Street, Wellington, KS, 67152
	AL
	26
	[***]
	[***]

	[***]
	[***]
	Barberton
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	487 Austin Drive, Barberton, OH, 44203
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Centennial Park
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	350 Union Road, Clayton, OH, 45322
	AL
	41
	[***]
	[***]

	[***]
	[***]
	Marion AL/MC (OH)
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	308 Barks Road East, Marion, OH, 43302
	AL / ALZ
	43
	[***]
	[***]

	[***]
	[***]
	Bartlesville South
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	3737 SE Camelot Drive, Bartlesville, OK, 74006
	AL
	33
	[***]
	[***]

	[***]
	[***]
	Bethany
	JER/NHP Senior Living Acquisition, LLC
	Assisted Living Properties, Inc.
	4101 N Council Road, Bethany, OK, 73008
	AL
	26
	[***]
	[***]

	[***]
	[***]
	Kerrville
	JER/NHP Senior Living Texas, L.P.
	Assisted Living Properties, Inc.
	725 Leslie Drive, Kerrville, TX, 78028
	AL
	37
	[***]
	[***]

	[***]
	[***]
	Medical Center Whitby
	JER/NHP Senior Living Texas, L.P.
	Assisted Living Properties, Inc.
	5996 Whitby Road, San Antonio, TX, 78240
	AL
	49
	[***]
	[***]

	[***]
	[***]
	Western Hills
	JER/NHP Senior Living Texas, L.P.
	Assisted Living Properties, Inc.
	3902 W Adams Avenue, Temple, TX, 76504
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Bonita Springs
	VTR-EMRTS Holdings, LLC*
	Summerville 14 LLC*
	26850 South Bay Drive, Bonita Springs, FL, 34134
	AL
	148
	[***]
	[***]

	[***]
	[***]
	West Boynton Beach
	VTR-EMRTS Holdings, LLC*
	Summerville 15 LLC*
	8220 Jog Road, Boynton Beach, FL, 33472
	AL/ALZ
	147
	[***]
	[***]

	[***]
	[***]
	Jensen Beach
	VTR-EMRTS Holdings, LLC*
	Summerville 16 LLC*
	1700 NE Indian River Drive, Jensen Beach, FL, 34957
	AL/ALZ
	147
	[***]
	[***]

	[***]
	[***]
	Alliance
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	1277 South Sawburg Road, Alliance, OH, 44601
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Westerville
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	6377 Cooper Road, Columbus, OH, 43231
	AL/ALZ
	43
	[***]
	[***]

	[***]
	[***]
	Evansville
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	6521 Greendale Drive, Evansville, IN, 47711
	AL
	42
	[***]
	[***]

	[***]
	[***]
	Inver Grove Heights
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	5891 Carmen Avenue, Inver Grove Heights, MN, 55076
	AL
	19
	[***]
	[***]

	[***]
	[***]
	Kenmore
	PSLT-ALS Properties IV, LLC*
	ALS Properties Tenant II, LLC*
	2971 Delaware Avenue, Kenmore, NY, 14217
	AL
	113
	[***]
	[***]

	[***]
	[***]
	Leawood State Line
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	12724 State Line Road, Leawood, KS, 66209
	ALZ
	34
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
											
	[***]
	[***]
	El Camino
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	4723 Surfwood Lane, Pueblo, CO, 81005
	AL
	64
	[***]
	[***]

	[***]
	[***]
	Niskayuna
	PSLT-ALS Properties IV, LLC*
	ALS Properties Tenant II, LLC*
	1786 Union Street, Niskayuna, NY, 12309
	AL
	100
	[***]
	[***]

	[***]
	[***]
	Northville
	PSLT-ALS Properties IV, LLC*
	ALS Properties Tenant II, LLC*
	40405 Six Mile Road, Northville, MI, 48168
	AL
	60
	[***]
	[***]

	[***]
	[***]
	Puyallup South
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	8811 176th Street East, Puyallup, WA, 98375
	ALZ
	46
	[***]
	[***]

	[***]
	[***]
	Centre Pointe Boulevard
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	1980 Centre Pointe Boulevard, Tallahassee, FL, 32308
	ALZ
	32
	[***]
	[***]

	[***]
	[***]
	Topeka
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	5800 SW Drury Lane, Topeka, KS, 66604
	ALZ
	35
	[***]
	[***]

	[***]
	[***]
	West Melbourne MC
	PSLT-ALS Properties III, LLC*
	ALS Properties Tenant I, LLC*
	7199 Greenboro Drive, West Melbourne, FL, 32904
	ALZ
	36
	[***]
	[***]

	[***]
	[***]
	Williamsville
	PSLT-ALS Properties IV, LLC*
	ALS Properties Tenant II, LLC*
	6076 Main Street, Williamsville, NY, 14221
	ALZ
	46
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

ADDITIONS TO SCHEDULE 1A
Authorizations and Licensed Beds/Units
	
								
	VTR ID
	BKD ID
	Community Name
	Tenant
	Licensee
	License State
	License Type(s)
	Licensed Capacity

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]
	[***]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

Additions to Schedule 2.3.1
		
	1.
	Emeritus (LS0154)

		
	a.
	Master Lease Agreement No. 1 by and between Ventas Realty, Limited Partnership, and Summerville 14 LLC, Summerville 15 LLC, and Summerville 16 LLC, dated as of June 24, 2009, as the same may have been amended, restated, supplemented, or modified from time to time, together with any and all related letter agreements, guaranties, and other ancillary agreements.

		
	2.
	Alterra III (LS0053)

		
	a.
	Lease Combination Agreement and First Amendment to Lease by and between PSLT-ALS Properties III, LLC, PSLT-ALS Properties IV, LLC, ALS Properties Tenant I, LLC, and ALS Properties Tenant II, LLC, dated as of October 22, 2009, as the same may have been amended, restated, supplemented, or modified from time to time, together with any and all related letter agreements, guaranties, and other ancillary agreements. 

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

Schedule 5.3(b)

		
	A.
	The following Facilities formerly subject to the NHP Master Lease (or related NHP individual lease)1:

		
	•
	Brookdale Forest Grove (Forest Grove, OR)

		
	•
	Brookdale Mt. Hood (Gresham, OR)

		
	•
	Brookdale Allenmore (IL) (Tacoma, WA)

		
	•
	Brookdale Allenmore (AL) (Tacoma, WA)

		
	•
	Brookdale Falling Creek (Hickory, NC)

		
	•
	Brookdale Rotonda (Rotonda West, FL)

		
	•
	Brookdale Avondale (Jacksonville, FL)

		
	•
	Brookdale Palm Coast (Palm Coast, FL)

		
	•
	Brookdale Tavares (Tavares, FL)

		
	•
	Brookdale Richland (Richland, WA)

		
	•
	Brookdale Boulder Creek (Boulder, CO)

		
	•
	Brookdale Yakima (Yakima, WA)

		
	•
	Brookdale Chandler Ray Road (Chandler, AZ)

		
	•
	Brookdale Salina Fairdale (Salina, KS)

		
	•
	Brookdale Greenville (OH) (Greenville, OH)

		
	•
	Brookdale Springdale (Springdale, OH)

		
	•
	Brookdale Broken Arrow (Broken Arrow, OK)

		
	•
	Brookdale Denton North (Combination rDenton, TX)

		
	•
	Brookdale Ennis (Ennis, TX)

_________
1 Landlord has no right to acquire any of the vehicles at these Facilities upon Tenant’s surrender of the Facilities.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

B.    The following Facilities formerly subject to the JER/NHP Master Lease2:
		
	•
	Brookdale Farmington Hill North (Farmington Hills, MI)

		
	•
	Brookdale Farmington North II (Farmington Hills, MI)

		
	•
	Brookdale Utica (MC) (Utica, MI)

		
	•
	Brookdale Meridian (Haslett, MI)

		
	•
	Brookdale Troy (MC) (Troy, MI)

		
	•
	Brookdale Troy (AL) (Troy, MI)

		
	•
	Brookdale Davison (Davison, MI)

		
	•
	Brookdale Delta (MC) (Lansing (Delta Township), MI)

		
	•
	Brookdale Delta (AL) (Lansing (Delta Township), MI)

		
	•
	Brookdale Grand Blanc (MC) (Holly, MI)

		
	•
	Brookdale Grand Blanc (AL) (Holly, MI)

		
	•
	Brookdale Fort Myers The Colony (Fort Myers, FL)

		
	•
	Brookdale Ormond Beach West (Ormond Beach, FL)

		
	•
	Brookdale Crown Point (Jacksonville, FL)

		
	•
	Brookdale Manlius (Manlius, NY)

		
	•
	Brookdale Onalaska (Onalaska, WI)

		
	•
	Brookdale Sun Prairie (Sun Prairie, WI)

		
	•
	Brookdale Mankato (Mankato, MN)

		
	•
	Brookdale Winona (Winona, MN)

		
	•
	Brookdale Middleton Century Avenue (Middleton, WI)

		
	•
	Brookdale Willmar (Willman, MN)

		
	•
	Brookdale Faribault (Faribault, MN)

		
	•
	Brookdale Derby (Derby, KS)

		
	•
	Brookdale Wellington (Wellington, KS)

		
	•
	Brookdale Barberton (Barberton, OH)

		
	•
	Brookdale Centennial Park (Englewood (Clayton), OH)

		
	•
	Brookdale Marion (OH) (Marion, OH)

		
	•
	Brookdale Bartlesville South (Bartlesville, OK)

		
	•
	Brookdale Bethany (Bethany, OK)

		
	•
	Brookdale Kerrville (Kerrville, TX)

		
	•
	Brookdale Medical Center Whitby (San Antonio, TX)

		
	•
	Brookdale Western Hills (Temple, TX)

_________
2There is no Landlord Personal Property for any of these Facilities as of the Effective Date, and vehicles are part of Tenant’s Personal Property.  Landlord has no right to acquire any vehicles upon Tenant’s surrender of the Premises.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

C.    The following Facilities formerly subject to the Provident/Alterra I and Alterra II Master Leases3:

		
	•
	Brookdale North Oaks (North Oaks, MN)

		
	•
	Brookdale Plymouth (Plymouth, MN)

		
	•
	Brookdale Eden Prairie (Eden Prairie, MN)

		
	•
	Brookdale Kenosha (Kenosha, WI)

		
	•
	Brookdale Evansville (Evansville, IN)

		
	•
	Brookdale Marion (Marion, IN)

		
	•
	Brookdale Portage (Portage, IN)

		
	•
	Brookdale Richmond (Richmond, IN)

		
	•
	Brookdale Winston-Salem (Winston Salem, NC)

		
	•
	Brookdale Centre Point Boulevard (Tallahassee, FL)

		
	•
	Brookdale Pensacola (Pensacola, FL)

		
	•
	Brookdale Winter Haven (MC) (Winter Haven, FL)

		
	•
	Brookdale Winter Haven (AL) (Winter Haven, FL)

		
	•
	Brookdale West Melbourne (West Melbourne, FL)

		
	•
	Brookdale Clinton (NY) (Clinton, NY)

		
	•
	Brookdale Summerfield (Syracuse, NY)

		
	•
	Brookdale Tempe (Tempe, AZ)

		
	•
	Brookdale Puyallup South (Puyallup, WA)

		
	•
	Brookdale Twin Falls (Twin Falls, ID)

		
	•
	Brookdale Oro Valley (Oro Valley, AZ)

		
	•
	Brookdale Vista Grande (Colorado Springs, CO)

		
	•
	Brookdale El Camino (Pueblo, CO)

		
	•
	Brookdale East Arbor (Mesa, AZ)

		
	•
	Brookdale Peoria (Peoria, AZ)

		
	•
	Brookdale East Tucson (Tucson, AZ)

		
	•
	Brookdale Lacrosse (MC) (LaCrosse, WI)

		
	•
	Brookdale Lacrosse (AL) (LaCrosse, WI)

		
	•
	Brookdale Inver Grove Heights (Inver Grove Heights, MN)

		
	•
	Brookdale Alliance (Alliance, OH)

		
	•
	Brookdale Austintown (Austintown, OH)

		
	•
	Brookdale Westerville (Columbus, OH)

		
	•
	Brookdale Salem (OH) (Salem, OH)

		
	•
	Brookdale Beavercreek (Beavercreek, OH)

		
	•
	Brookdale Leawood State Line (Leawood, KS)

		
	•
	Brookdale Topeka (Topeka, KS)

		
	•
	Brookdale Alderwood (Lynnwood, WA)

		
	•
	Brookdale Utica (AL) (Utica, MI)

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

		
	•
	Brookdale Northville (Northville, MI)

		
	•
	Brookdale Cary (Cary, NC)

		
	•
	Brookdale Westampton (Westampton, NJ)

		
	•
	Brookdale East Niskayuna (Niskayuna (Schenectady), NY)

		
	•
	Brookdale Williamsville (Williamsville, NY)

		
	•
	Brookdale Pittsford (Pittsford, NY)

		
	•
	Brookdale Kenmore (NY) (Kenmore, NY)

		
	•
	Brookdale Niskayuna (Niskayuna, NY)

_________
3 Landlord has no right to acquire any of the vehicles at these Facilities upon Tenant’s surrender of the Facilities.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

D.    The following Facility formerly subject to the Grand Court Master Lease4:

		
	•
	Brookdale Northbrook (Northbrook, IL)

__________
4 Landlord’s Option to Purchase the Tenant’s Personal Property.  Effective on not less than ninety (90) days’ prior written notice given at any time (i) within one hundred eighty (180) days prior to the expiration of the Term, but not later than ninety (90) days prior to such expiration, (ii) within thirty (30) days after the termination of this Lease if this Lease is terminated in whole or in part, or (iii) within thirty (30) days after the dispossession of Tenant with respect to the Leased Property(ies) prior to the expiration of the Term, Landlord or any successor operator shall have the option to purchase all or any portion of Tenant’s vehicles located at the above Facility for a purchase price equal to the unamortized portion of the original cost thereof based upon the economic useful life, as defined GAAP, subject to, and with appropriate price adjustments for, all equipment leases, conditional sale contracts, UCC-1 financing statements and other encumbrances to which such vehicles are subject.  The notice from Landlord or any successor operator exercising such right shall specify which vehicle(s) that Landlord or any successor operator has elected to acquire.  Promptly following demand by Landlord (but in any event within thirty (30) days following such demand), Tenant shall deliver to Landlord a computation and statement, in form, content and detail reasonably satisfactory to Landlord, of the purchase price described above as of the date of such expiration, termination or dispossession, as the case may be, for all vehicles located at such Facility.  If Landlord reasonably and in good faith disputes or disagrees with Tenant’s calculation of such purchase price, Landlord shall so notify Tenant in writing, whereupon the parties shall act mutually, reasonably and in good faith for a period of ten (10) days to agree upon such purchase price.  If the parties are unable to agree upon such purchase price, then Tenant’s calculation, absent manifest error, shall control and be binding on the parties.  Tenant shall execute and deliver such assignments, conveyance documents, bills of sale and other instruments as Landlord shall reasonably require to evidence such conveyance and otherwise reasonably assist Landlord with such conveyance.

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

E.    The following Facility formerly subject to the NHP Summerville Master Lease5:

		
	•
	Brookdale Salem (VA) (Salem, VA)

__________
5 Landlord has the option to purchase Tenant’s vehicles at this Facility upon Tenant’s surrender of the Facility for their then fair market value.  

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

F.    The following Facilities formerly subject to the Ventas-Summerville Master Lease6:

		
	•
	Brookdale Anaheim (Anaheim, CA)

		
	•
	Brookdale Tracy (Tracy, CA)

		
	•
	Brookdale South Windsor (South Windsor, CT)

		
	•
	Brookdale Bonita Springs (Bonita Springs, FL)

		
	•
	Brookdale West Boynton Beach (Boynton Beach, FL)

		
	•
	Brookdale Deer Creek (Deerfield Beach, FL)

		
	•
	Brookdale Jensen Beach (Jensen Beach, FL)

		
	•
	Brookdale Cushing Park (Framingham, MA)

		
	•
	Brookdale Cape Cod (Hyannis, MA)

__________
6 Landlord has no right to acquire any of the vehicles at these Facilities upon Tenant’s surrender of the Facilities.  

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

G.    The following Facility formerly subject to a Provident 22 Individual Lease:

		
	•
	Brookdale Lisle SNF (Lisle, IL)

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

Schedule 5.10.1

[SEE ATTACHMENT]

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
					
	Affiliate Management and Sublease Agreements*
	 
	 

	Revised 9/1/18
	 
	 
	 

	 
	 
	 
	 
	 

	BU
	Current Facility Name
	Prior Facility Name
	State
	Portfolio

	[***]
	Brookdale North Oaks
	CB North Oaks, MN
	MN
	Ventas I - Alterra

	[***]
	Brookdale Plymouth
	CB Plymouth, MN
	MN
	Ventas I - Alterra

	[***]
	Brookdale Eden Prairie
	CB Eden Prairie, MN
	MN
	Ventas I - Alterra

	[***]
	Brookdale Kenosha
	CB Kenosha, WI
	WI
	Ventas I - Alterra

	[***]
	Brookdale Evansville
	SH Evansville, IN
	IN
	Ventas I - Alterra

	[***]
	Brookdale Marion AL (IN)
	SH Marion, IN
	IN
	Ventas I - Alterra

	[***]
	Brookdale Portage AL (IN)
	SH Portage, IN
	IN
	Ventas I - Alterra

	[***]
	Brookdale Richmond
	SH Richmond, IN
	IN
	Ventas I - Alterra

	[***]
	Brookdale Winston-Salem
	CB Winston-Salem, NC
	NC
	Ventas I - Alterra

	[***]
	Brookdale Centre Pointe Boulevard
	CB Tallahasee, FL
	FL
	Ventas I - Alterra

	[***]
	Brookdale Pensacola
	SH Pensacola, FL
	FL
	Ventas I - Alterra

	[***]
	Brookdale Winter Haven AL (FL)
	SH Winter Haven, FL
	FL
	Ventas I - Alterra

	[***]
	Brookdale Winter Haven MC (FL)
	CB Winter Haven, FL
	FL
	Ventas I - Alterra

	[***]
	Brookdale West Melbourne MC (FL)
	CB West Melbourne, FL
	FL
	Ventas I - Alterra

	[***]
	Brookdale Clinton IL (NY)
	VL Sherman Brook, NY
	NY
	Ventas I - Alterra

	[***]
	Brookdale Summerfield
	VL Summerfield, NY
	NY
	Ventas I - Alterra

	[***]
	Brookdale Tempe
	CB Tempe, AZ
	AZ
	Ventas I - Alterra

	[***]
	Brookdale Puyallup South
	CB Puyallup, WA
	WA
	Ventas I - Alterra

	[***]
	Brookdale Twin Falls
	WW Twin Falls, ID
	ID
	Ventas I - Alterra

	[***]
	Brookdale Oro Valley
	CB Oro Valley, AZ
	AZ
	Ventas I - Alterra

	[***]
	Brookdale Vista Grande
	WW Colorado Springs, CO
	CO
	Ventas I - Alterra

	[***]
	Brookdale El Camino
	WW Pueblo, CO
	CO
	Ventas I - Alterra

	[***]
	Brookdale East Arbor
	SH Mesa, AZ
	AZ
	Ventas I - Alterra

	[***]
	Brookdale Peoria
	SH Peoria, AZ
	AZ
	Ventas I - Alterra

	[***]
	Brookdale East Tucson
	SH East Speedway, AZ
	AZ
	Ventas I - Alterra

	[***]
	Brookdale LaCrosse MC (WI)
	CB La Crosse, WI
	WI
	Ventas I - Alterra

	[***]
	Brookdale Inver Grove Heights
	SH Inver Grove Heights, MN
	MN
	Ventas I - Alterra

	[***]
	Brookdale LaCrosse AL 08740 (WI)
	SH La Crosse, WI
	WI
	Ventas I - Alterra

	[***]
	Brookdale Alliance
	SH Alliance, OH
	OH
	Ventas I - Alterra

	[***]
	Brookdale Austintown
	CB Austintown, OH
	OH
	Ventas I - Alterra

	[***]
	Brookdale Westerville
	SH Westerville, OH
	OH
	Ventas I - Alterra

	[***]
	Brookdale Salem AL (OH)
	SH Salem, OH
	OH
	Ventas I - Alterra

	[***]
	Brookdale Beavercreek
	SH Beavercreek, OH
	OH
	Ventas I - Alterra

	[***]
	Brookdale Leawood State Line
	CB Leawood, KS
	KS
	Ventas I - Alterra

	[***]
	Brookdale Topeka
	CB Topeka, KS
	KS
	Ventas I - Alterra

	[***]
	Brookdale Alderwood
	CB Lynnwood, WA
	WA
	Ventas I - Alterra

	[***]
	Brookdale LaCrosse AL 08430 (WI)
	Villas of La Crosse, WI
	WI
	Ventas I - Alterra

	[***]
	Brookdale Northville
	WW Northville, MI
	MI
	Ventas II - Alterra

	[***]
	Brookdale Utica AL (MI)
	WW Utica, MI
	MI
	Ventas II - Alterra

	[***]
	Brookdale Cary
	CB Cary, NC
	NC
	Ventas II - Alterra

	[***]
	Brookdale Westampton
	CB Westampton, NJ
	NJ
	Ventas II - Alterra

	[***]
	Brookdale East Niskayuna
	CB Niskayuna, NY
	NY
	Ventas II - Alterra

	[***]
	Brookdale Williamsville
	CB Williamsville, NY
	NY
	Ventas II - Alterra

	[***]
	Brookdale Pittsford
	CB Perinton, NY
	NY
	Ventas II - Alterra

	[***]
	Brookdale Kenmore AL (NY)
	WW Kenmore, NY
	NY
	Ventas II - Alterra

	[***]
	Brookdale Niskayuna
	WW Niskayuna, NY
	NY
	Ventas II - Alterra

	[***]
	Brookdale Farmington Hills North
	CB Farmington Hills, MI
	MI
	JER/NHP I

	[***]
	Brookdale Utica MC (MI)
	CB Utica, MI
	MI
	JER/NHP I

	[***]
	Brookdale Meridian AL (MI)
	WW Meridian, MI
	MI
	JER/NHP I

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

	
					
	[***]
	Brookdale Troy MC (MI)
	CB Troy, MI
	MI
	JER/NHP I

	[***]
	Brookdale Davison
	SH Davison, MI
	MI
	JER/NHP I

	[***]
	Brookdale Delta MC (MI)
	CB Delta, MI
	MI
	JER/NHP I

	[***]
	Brookdale Grand Blanc MC (MI)
	CB Grand Blanc, MI
	MI
	JER/NHP I

	[***]
	Brookdale Grand Blanc AL (MI)
	WW Grand Blanc, MI
	MI
	JER/NHP I

	[***]
	Brookdale Troy AL (MI)
	WW Troy, MI
	MI
	JER/NHP I

	[***]
	Brookdale Delta AL (MI)
	SH Delta, MI
	MI
	JER/NHP I

	[***]
	Brookdale Fort Myers The Colony
	CB Ft Myers at the Colony, FL
	FL
	JER/NHP I

	[***]
	Brookdale Manlius
	WW Manlius, NY
	NY
	JER/NHP I

	[***]
	Brookdale Onalaska
	SH Onalaska, WI
	WI
	JER/NHP I

	[***]
	Brookdale Sun Prairie
	SH Sun Prairie, WI
	WI
	JER/NHP I

	[***]
	Brookdale Mankato
	SH Mankato, MN
	MN
	JER/NHP I

	[***]
	Brookdale Winona
	SH Winona, MN
	MN
	JER/NHP I

	[***]
	Brookdale Middleton Century Ave
	SH Middleton, WI
	WI
	JER/NHP I

	[***]
	Brookdale Willmar
	SH Willmar, MN
	MN
	JER/NHP I

	[***]
	Brookdale Faribault
	SH Faribault, MN
	MN
	JER/NHP I

	[***]
	Brookdale Derby
	SH Derby, KS
	KS
	JER/NHP I

	[***]
	Brookdale Wellington
	SH Wellington, KS
	KS
	JER/NHP I

	[***]
	Brookdale Barberton
	SH Barberton, OH
	OH
	JER/NHP I

	[***]
	Brookdale Centennial Park
	SH Englewood, OH
	OH
	JER/NHP I

	[***]
	Brookdale Marion AL/MC (OH)
	SH Marion, OH
	OH
	JER/NHP I

	[***]
	Brookdale Kerrville
	SH Kerrville, TX
	TX
	JER/NHP I

	[***]
	Brookdale Medical Center Whitby
	SH at the Medical Center, TX
	TX
	JER/NHP I

	[***]
	Brookdale Western Hills
	SH Temple, TX
	TX
	JER/NHP I

	[***]
	Brookdale Anaheim
	Brookdale Anaheim
	CA
	Ventas-Summerville ML E

	[***]
	Brookdale Tracy
	Brookdale Tracy
	CA
	Ventas-Summerville ML E

Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

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