Document:

exv4w1

Exhibit 4.1

REGISTRATION RIGHTS AGREEMENT

          THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of [                    ], 2010
by and among R.H. Donnelley Corporation, a Delaware corporation (the “Company”), and each
Eligible Holder. Capitalized terms used but not otherwise defined herein are defined in
Section 13.

          WHEREAS, the Company and all of its subsidiaries are parties to a Joint Plan of
Reorganization, dated as of October 21, 2009, filed in the U.S. Bankruptcy Court for the District
of Delaware, case no. 09-11833 (jointly administered) under the Bankruptcy Code in the United
States Bankruptcy Court for the District of Delaware (the “Plan”);

          WHEREAS, the Company has agreed, upon the terms and subject to the conditions of the Plan, to
issue (i) to holders of the unsecured notes of the Company and its subsidiaries (the
“Noteholders”) up to 50,000,000 shares of the Company’s Common Stock and (ii) to holders of
the 5 7/8% Senior Notes due 2011 and 8 1/2% Senior Notes due 2010 of Dex Media West LLC, a
subsidiary of the Company, new unsecured notes issued by the Company in an initial aggregate
principal amount of $300 million (including any such notes issued as payment-in-kind interest, the
“New Notes” and, together with the Common Stock, the “Securities”); and

          WHEREAS, the Company has agreed, pursuant to the terms and subject to the conditions of the
Plan, to provide certain registration rights under the Securities Act and applicable state
securities laws with respect to the Securities.

          NOW, THEREFORE, in consideration of the mutual promises made herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, intending to be legally bound, agree as follows:

          1. Demand Registrations. 

               (a) Requests for Registration. At any time beginning six (6) months after the
Effective Date, any Eligible Holder may request (a “Demand Request”) registrations of
Underwritten Offerings under the Securities Act of (i) its Common Registrable Securities if the
total offering price of the Common Registrable Securities to be sold in such offering (before
deduction for underwriting discounts) exceeds $20 million or (ii) its Note Registrable Securities
if the aggregate principal amount of the Notes Registrable Securities to be sold in such offering
(before deduction for underwriting discounts) exceeds $30 million (each of (i) and (ii), a
“Demand Registration”). Any Demand Registration shall be on Form S-3 or any similar
short-form registration (“Short-Form Registrations”), if available, and on Form S-1 or any
similar long-form registration if the Company is ineligible to use a Short-Form Registration. A
Demand Request may be a demand for Shelf Registration (effected pursuant to Section 1(c))
if the Company does not, at the time of such Demand Registration in accordance with this
Section 1(a), have an effective Shelf Registration on file with the Commission.

               (b) Demand Notices. All requests for Demand Registrations shall be made by giving
written notice to the Company (the “Demand Notice”). Each Demand Notice shall specify the
approximate amount of Registrable Securities requested to be registered and the expected price
range (net of underwriting discounts and commissions) acceptable to the Eligible

 

 

Holders making the demand. Within five (5) business days after receipt of any Demand Notice,
the Company shall give written notice of such requested registration to all other Eligible Holders
of the applicable Registrable Securities (the “Company Notice”) and, subject to the
provisions of Section 1(c), shall include in such registration all Common Registrable
Securities (in the case of a Demand Request regarding Common Registrable Securities) or Notes
Registrable Securities (in the case of a Demand Request with respect to Notes Registrable
Securities) with respect to which the Company has received written requests for inclusion therein
from the Eligible Holders within twenty (20) days after sending the Company Notice.

               (c) Shelf Registration.

                    (i) As soon as practicable, but in no event later than 30 days, following the filing with the
Commission of the Company’s Annual Report on Form 10-K for the year ended December 31, 2009, the
Company shall file a Shelf Registration Statement covering the resale of the Registrable Securities
held by Eligible Holders on a delayed or continuous basis. The Company shall use commercially
reasonable efforts to cause the Shelf Registration Statement to become effective within
seventy-five (75) days after such filing. If the Company is eligible to file the Shelf
Registration Statement on Form S-3 (“Form S-3 Shelf”), it shall file on Form S-3; if not,
the Company shall file the Shelf Registration Statement on Form S-1 (the “Form S-1 Shelf”)
and, together with the Form S-3 Shelf, the “Shelf”). If the Company shall file a Form S-1
Shelf, the Company shall convert the Form S-1 Shelf to a Form S-3 Shelf after the Company is
eligible to use Form S-3. The Company shall use its commercially reasonable efforts to keep the
Shelf continuously effective (subject to any Shelf Suspension Period) in order to permit the
Prospectus forming part thereof to be usable by Eligible Holders until all Registrable Securities
covered by the Shelf have been sold pursuant to the Shelf or cease to be outstanding.

                    (ii) The Company may amend the Shelf from time to time to include other securities issued by
the Company or its subsidiaries, whether or not such securities are, at such time, Registrable
Securities.

                    (iii) Notwithstanding anything herein to the contrary, no Eligible Holder may include any of
its Registrable Securities in a sale covered by the Shelf unless the Eligible Holder provides to
the Company a fully completed notice and questionnaire in substantially the form set forth in
Exhibit A hereto (the “Questionnaire”) and such other information in writing as is
customary and as may reasonably be requested by the Company in connection with the filing of, and
any sales of Registrable Securities under, the Shelf. The Company shall not be required to amend a
Shelf (or the related Prospectus) to add or change the disclosure regarding selling securityholders
(x) more than once in any rolling 30-day period or (y) during a Shelf Suspension Period, but shall
take such actions to so amend a Shelf (or Related Prospectus) promptly after the expiration of such
period.

                    (iv) Notwithstanding anything herein to the contrary, but subject to the limitation set forth
in the next succeeding paragraph, the Company shall be entitled to suspend its obligation to file
any Shelf Registration Statement, file any amendment to the Shelf Registration Statement, furnish
any supplement or amendment to a Prospectus included in the Shelf Registration Statement, make any
other filing with the Commission, cause the Shelf Registration

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Statement or other filing with the Commission to become or remain effective or take any
similar action (collectively, “Shelf Registration Actions”) upon (A) the issuance by the
Commission of a stop order suspending the effectiveness of the Shelf Registration Statement or the
initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or
8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a
result of which the Shelf Registration Statement would, in the good faith determination of the
Company, reasonably be expected to or shall contain any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, or the related Prospectus would, in the good faith determination of the
Company, reasonably be expected to or shall include any untrue statement of a material fact or omit
to state any material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading, or (C) the
Company determining, in its reasonable discretion and in good faith, that (x) the occurrence or
pendency of any corporate development, including any financing, offering, acquisition, corporate
reorganization or other significant transaction, or any negotiations, discussions or pending
proposals with respect thereto, involving the Company or any of its direct or indirect
subsidiaries, or (y) the Company possesses material nonpublic information the disclosure of which
would reasonably be expected to have a material adverse effect on any proposal or plan of the
Company or any of its direct or indirect subsidiaries (clause (x) and (y),
collectively, a “Valid Business Reason”) that in any case makes it appropriate to postpone
or suspend the availability of the Shelf Registration Statement and the related Prospectus;
provided, however, that the Company shall not register any securities for its own
account or that of any other stockholder during such period of postponement or suspension;
provided, further, that the Company shall restrict the trading of the Company’s
securities by the Company’s directors and executive officers during such period of postponement or
suspension. Upon the occurrence of any of the conditions described in (A), (B) or (C) above, the
Company shall give prompt notice of the Valid Business Reason (a “Shelf Suspension Notice”)
to the Eligible Holders. Upon the termination of such condition, the Company shall give prompt
notice thereof to the Eligible Holders and shall promptly proceed with all Shelf Registration
Actions that were postponed or suspended pursuant to this paragraph.

          The Company may only suspend Shelf Registration Actions pursuant to the preceding paragraph
for one or more periods (each, a “Shelf Suspension Period”) not exceed more than ninety
(90) consecutive days or more than one-hundred eighty (180) days in the aggregate in any
twelve-month period. Each Shelf Suspension Period shall be deemed to begin on the date the
relevant Shelf Suspension Notice is given to the Eligible Holders and shall be deemed to end on the
earlier to occur of (i) the date on which the Company gives the Eligible Holders a notice that the
Shelf Suspension Period has terminated and (ii) the date on which the number of days during which a
Shelf Suspension Period has been in effect exceeds, in the aggregate, one-hundred eighty (180) days
in any twelve-month period.

               (d) Priority on Demand Registrations. The Company shall not include in any Demand
Registration any securities which are not Common Registrable Securities or Notes Registrable
Securities without the prior written consent of the holders of a majority of the Common Registrable
Securities or Notes Registrable Securities, as the case may be, initially requesting registration
and included in such Demand Registration. In a Demand Registration Underwritten Offering where the
managing underwriters advise the Company in writing that,

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after consultation with the holders of a majority of the Registrable Securities initially
requesting registration, the amount of Registrable Securities and, if permitted hereunder, other
securities requested to be included in such offering exceeds the amount of Registrable Securities
and other securities, if any, which can be sold in an orderly manner in such offering within a
price range acceptable to the holders of a majority of the Registrable Securities initially
requesting registration, the Company shall include in such registration the amount of Registrable
Securities which can be so sold in the following order of priority: (i) first, the
Registrable Securities requested to be included in such registration, which in the reasonable
discretion of such underwriter, can be sold in an orderly manner within the price range of such
offering, pro rata among the respective Eligible Holders of such Registrable Securities based upon
the percentage of such Eligible Holder’s Registrable Securities included in such Underwritten
Offering, and (ii) second, other securities requested to be included in such registration
to the extent permitted hereunder.

               (e) Restrictions on Registrations.

                    (i) The Company shall not be obligated to effect any Demand Registration (x) within
one-hundred fifty (150) days after the effective date of a previous Demand Registration with
respect to with respect to the same class of Registrable Securities, or a previous registration in
which the holders of Registrable Securities exercised piggyback rights pursuant to Section
2 with respect to the same class of Registrable Securities, or (y) which does not involve a
total offering price of Common Registrable Securities (before deduction for underwriting discounts)
of at least $20 million or which does not involve an aggregate principal amount of Notes
Registrable Securities (before deduction for underwriting discounts) of at least $30 million. In
addition, the Company shall not be obligated to effect any Demand Registration during the period
starting with the date that is sixty (60) days prior to the Company’s good faith estimate of the
date of filing of, and ending on the date that is one-hundred eighty (180) days after the effective
date of, a Company initiated underwritten primary registration with respect to the same class of
Registrable Securities, provided that the Company is actively employing in good faith
commercially reasonable efforts to cause such underwritten primary registration to become
effective. In the event of any such suspension or delay, the holders of Registrable Securities
initially requesting a Demand Registration that is suspended or delayed by operation of this
Section 1(e)(i) shall be entitled to withdraw such request and, if such request is
withdrawn, the Company shall pay all Registration Expenses in connection with such registration.

                    (ii) Notwithstanding anything to the contrary contained in this Agreement, but subject to the
limitation set forth in the next succeeding paragraph, the Company shall be entitled to suspend its
obligation to file any Registration Statement in connection with a Demand Registration, file any
amendment to such a Registration Statement, furnish any supplement or amendment to a Prospectus
included in such a Registration Statement, make any other filing with the Commission, cause the
such a Registration Statement or other filing with the Commission to become or remain effective or
take any similar action (collectively, “Demand Registration Actions”) upon (A) the issuance
by the Commission of a stop order suspending the effectiveness of the Registration Statement in
connection with a Demand Registration or the initiation of proceedings with respect to such a
Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any
event or the existence of any fact as a result of

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which the Registration Statement in connection with a Demand Registration would, in the good
faith determination of the Company, reasonably be expected to or shall contain any untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to
make the statements therein not misleading, or the related Prospectus would, in the good faith
determination of the Company, reasonably be expected to or shall include any untrue statement of a
material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were made, not
misleading, or (C) the Company determining, in its reasonable discretion and in good faith, that a
Valid Business Reason makes it appropriate to postpone or suspend the availability of the
Registration Statement in connection with a Demand Registration and the related Prospectus;
provided, however, that the Company shall not register any securities for its own
account or that of any other stockholder during such period of postponement or suspension;
provided, further, that the Company shall restrict the trading of the Company’s
securities by the Company’s directors and executive officers during such period of postponement or
suspension. Upon the occurrence of any of the conditions described in (A), (B) or (C) above, the
Company shall give prompt notice (a “Demand Suspension Notice”) thereof to the Eligible
Holders. Upon the termination of such condition, the Company shall give prompt notice thereof to
the Eligible Holders and shall promptly proceed with all Demand Registration Actions that were
postponed or suspended pursuant to this paragraph.

          The Company may only suspend Demand Registration Actions pursuant to the preceding paragraph
for one or more periods (each, a “Demand Suspension Period”) not exceed more than ninety
(90) consecutive days or more than one-hundred eighty (180) days in the aggregate in any
twelve-month period. Each Demand Suspension Period shall be deemed to begin on the date the
relevant Demand Suspension Notice is given to the Eligible Holders and shall be deemed to end on
the earlier to occur of (i) the date on which the Company gives the Eligible Holders a notice that
the Demand Suspension Period has terminated and (ii) the date on which the number of days during
which a Demand Suspension Period has been in effect exceeds, in the aggregate, one-hundred eighty
(180) days in any twelve-month period. If the Company shall so postpone or suspend the filing of a
Registration Statement in connection with a Demand Registration hereunder, the Eligible Holders of
Registrable Securities shall (A) have the right, in the case of a postponement of the filing or
effectiveness of such a Registration Statement, upon the affirmative vote of holders of not less
than a majority of the Registrable Securities initially requesting such Demand Registration, to
withdraw the request for registration by giving written notice to the Company within ten (10) days
after receipt of such notice (and, if such request is withdrawn, the Company shall pay all
Registration Expenses in connection with such registration), or (B) in the case of a suspension of
the right to make sales, receive an extension of the registration period equal to the number of
days of the suspension.

               (f) Selection of Underwriters. The holders of a majority of the Registrable
Securities included in any Registration Statement pursuant to this Section 1 (but not any
Piggyback Registration) shall have the right to select the investment banker(s) and manager(s) to
administer any Underwritten Offering thereunder (which shall consist of one (1) or more reputable
nationally recognized investment banks), subject to the Company’s approval (which shall not be
unreasonably withheld, conditioned or delayed).

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               (g) Other Registration Rights. The Company represents and warrants that it is not a
party to, or otherwise subject to, any other agreement granting registration rights to any other
Person with respect to any securities of the Company and to the extent that the Company grants
registration rights to any other Person with respect to any securities of the Company which are
superior to the registration rights granted herein, the Company shall also grant rights comparable
in all material respects to such superior rights to each Eligible Holder.

               (h) Cancellation of Registration. The holders of a majority of the Registrable
Securities participating in a Demand Registration shall have the right to cancel such proposed
Demand Registration pursuant to this Section 1 when, (i) in their reasonable discretion,
market conditions are so unfavorable as to be seriously detrimental to an offering pursuant to such
registration or (ii) the request for cancellation is based upon, in the reasonable determination of
such holders, material adverse information relating to the Company that is different from the
information known to such holders at the time of the Demand Request.

               (i) Company Obligations. Notwithstanding anything to the contrary in this Agreement,
the Company shall not be in breach of, or failed to comply with, any obligation under this
Agreement where the Company acts or omits to take any action (i) in order to comply with applicable
law, any interpretation of the staff of the Commission or any order or decree of any court or
governmental agency or (ii) in good faith for a Valid Business Reason.

          2. Piggyback Registrations. 

               (a) Right to Piggyback. Other than as contemplated by Section 1(c), whenever
the Company proposes to register any of its securities, or proposes to offer any of its registered
securities pursuant to a Shelf Registration Statement (a “Shelf Takedown”), under the
Securities Act (other than pursuant to a Demand Registration) and the registration form to be used
may be used for the registration of Registrable Securities (a “Piggyback Registration”),
the Company shall give prompt written notice to all Eligible Holders of Registrable Securities of
its intention to effect such a registration or Shelf Takedown, as applicable (which notice shall be
given not less than twenty (20) days prior to the expected effective date of the Piggyback
Registration), and shall, subject to the provisions of Section 2(b) and Section
2(c) , include in such registration or Shelf Takedown, as applicable, all Registrable
Securities of Eligible Holders of the same class of Registrable Securities subject to the Shelf
Takedown with respect to which the Company has received written requests for inclusion therein
within twenty (20) days after sending the Company’s notice. Notwithstanding anything to the
contrary contained herein, the Company may, in its sole discretion, determine not to proceed with a
registration or Shelf Takedown which is the subject of such notice, provided that prompt
notice of such determination is provided to all Eligible Holders of Registrable Securities of the
same class subject to the registration or Shelf Takedown, as the case may be. For the avoidance of
doubt, no holder of Registrable Securities shall have any rights with respect to any Registration
Statement filed by the Company on Form S-8, Form S-4 (or any successor form).

               (b) Priority on Primary Registrations. If a Piggyback Registration is an underwritten
primary registration on behalf of the Company, and the managing underwriters advise the Company in
writing that, in their reasonable discretion, the amount of securities requested to be sold
pursuant to such Piggyback Registration exceeds the amount which can be

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sold in an orderly manner in such offering within a price range acceptable to the Company, the
Company shall include in such Piggyback Registration the amount of securities which can be so sold
in the following order of priority: (i) first, the securities the Company proposes to sell,
(ii) second, the Registrable Securities requested to be included in such Piggyback
Registration, pro rata among the respective Eligible Holders based upon the percentage of such
Eligible Holder’s Registrable Securities requested to be included therein and (iii) third, other
securities requested to be included in such Piggyback Registration.

               (c) Priority on Secondary Registrations. If a Piggyback Registration is an
underwritten secondary registration on behalf of holders of the Company’s securities, and the
managing underwriters advise the Company in writing that in their opinion the amount of securities
requested to be included in such Piggyback Registration exceeds the amount which can be sold in an
orderly manner in such offering within a price range acceptable to the holders initially requesting
such Piggyback Registration, the Company shall include in such Piggyback Registration the amount
which can be so sold in the following order of priority: (i) first, the securities
requested to be included therein by the holders requesting such Piggyback Registration and the
Registrable Securities requested to be included in such Piggyback Registration, pro rata among the
holders of any such securities on the basis of the amount of securities so requested to be included
therein owned by each such holder, and (ii) second, any other securities requested to be
included in such Piggyback Registration.

               (d) Selection of Underwriters. Other than as contemplated by Section 1(c), if
any Piggyback Registration is a primary Underwritten Offering, the Company will have the right to
select the investment banker(s) and manager(s) for the offering.

               (e) Other Registrations. If the Company has previously filed a Registration Statement
with respect to Registrable Securities pursuant to Section 1(a) or pursuant to this
Section 2, and if such previous registration has not been withdrawn or abandoned, the
Company shall not file or cause to be effected any other registration of any of its equity
securities or securities convertible or exchangeable into or exercisable for its equity securities
under the Securities Act (except on Form S-8, Form S-4 or any successor forms), whether on its own
behalf or at the request of any holder or holders of such securities, until a period of at least
120 days has elapsed from the effective date of such previous registration.

               (f) No Impact on Demand Registration. No registration pursuant to this Section
2 shall relieve the Company of its obligation to register Registrable Securities pursuant to a
Demand Request, as contemplated by Section 1. The rights to Piggyback Registration may be
exercised by Eligible Holders on an unlimited number of occasions.

          3. Holdback Agreements. 

               (a) Holders of Registrable Securities. Each Eligible Holder hereby agrees that it
will not effect any public sale or distribution (including sales pursuant to Rule 144) of Common
Stock or New Notes, or any securities convertible into or exchangeable or exercisable for such
securities, as applicable, (i) during (A) the ten (10) days prior to and the 90-day period
beginning on the effective date of the registration of such Registrable Securities in connection
with an Underwritten Offering or (B) such shorter period as the underwriters participating in

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such Underwritten Offering may require, and (ii) upon notice from the Company of the
commencement of an underwritten distribution in connection with any Shelf Registration, during (A)
ten (10) days prior to and the 90-day period beginning on the date of commencement of such
distribution or (B) such shorter period as the underwriters participating in such underwritten
distribution may require (each, a “Lock-Up Period”), in each case except as part of such
Underwritten Registration, and in each case (w) only if the underwriters managing the registered
public offering request such Lock-Up Period, (x) only if such Lock-Up Period is applicable to the
Company, (y) in the case of Common Stock where the Company is not offering any shares of Common
Stock, only if the Lock-Up Period is applicable to each holder of 10% or more of the issued and
outstanding Common Stock and to all of the executive officers and directors of the Company (in the
case of executive officers and directors, subject to customary exceptions) and (z) in the case of
Common Stock where the Company is offering any shares of Common Stock, the Lock-Up Period is
applicable to the executive officers and directors of the Company (subject to customary
exceptions); provided, however, that the Lock-Up Period shall only apply to the
class of Registrable Securities which are being offered pursuant to such Underwritten Offering or
distribution, or such Shelf Registration, as the case may be. Each holder of Registrable
Securities agrees to execute a lock-up agreement in favor of the Company’s underwriters in form and
substance reasonably acceptable to the Company and the Company’s underwriters to such effect and,
in any event, that the Company’s underwriters in any relevant offering shall be third party
beneficiaries of this Section 3(a). The lock-up restrictions set forth in this Section
3(a) will no longer apply to an Eligible Holder once such Eligible Holder, together with its
Affiliates, holds less than five percent (5%) of the issued and outstanding Common Stock.

               (b) The Company. The Company shall not effect any public sale or distribution of its
equity securities, or any securities convertible into or exchangeable or exercisable for such
securities (except pursuant to registrations on Form S-8, Form S-4 or any successor forms), during
(i) with respect to any Underwritten Offering pursuant to a Demand Registration or any Piggyback
Registration in which the holders of Common Registrable Securities are participating, the ten (10)
days prior to and the 90-day period beginning on the effective date of such registration, and (ii)
upon notice from any holder(s) of Common Registrable Securities subject to a Shelf Registration
that such holder(s) intend to effect Underwritten Offering of Common Registrable Securities
pursuant to such Shelf Registration (upon receipt of which, the Company will promptly notify all
other Eligible Holders of Common Registrable Securities of the date of commencement of such
Underwritten Offering), the ten (10) days prior to and the 90-day period beginning on the date of
commencement of such Underwritten Offering.

          4. Registration Procedures. Whenever Registrable Securities are to be registered
pursuant to this Agreement, the Company shall use its reasonable best efforts to effect the
registration and the sale of such Registrable Securities in accordance with the intended method of
disposition thereof (subject to the terms hereof), and pursuant thereto the Company shall:

               (a) prepare and file with the Commission a Registration Statement with respect to such
Registrable Securities and use its commercially reasonable efforts to cause such Registration
Statement to become effective within ninety (90) days of the initial filing thereof. Before filing
a Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall
furnish to one firm of counsel selected by the holders of a majority of the

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Registrable Securities covered by such Registration Statement copies of all such documents
proposed to be filed, which documents shall be subject to the review and comment of such counsel
within three (3) business days of receipt of such documents by such counsel; provided,
however, that in no event shall the Company be required to provide counsel for such holders
any Exchange Act Document prior to its filing other than in connection with an Underwritten
Offering;

               (b) in the case of a Demand Registration, use its commercially reasonable efforts to prepare
and file with the Commission a Registration Statement with respect to such Registrable Securities
within sixty (60) days of its receipt of a Demand Notice and use its commercially reasonable
efforts to cause such Registration Statement to become effective within ninety (90) days of the
initial filing thereof. Before filing a Registration Statement or Prospectus or any amendments or
supplements thereto, the Company shall furnish to one firm of counsel selected by the holders of a
majority of the Registrable Securities covered by such Registration Statement copies of all such
documents proposed to be filed, which documents shall be subject to the review and comment of such
counsel within three (3) business days of receipt of such documents by such counsel;
provided, however, that in no event shall the Company be required to provide
counsel for such holders any Exchange Act Document prior to its filing other than in connection
with an Underwritten Offering;

               (c) notify each Eligible Holder of Registrable Securities of the effectiveness of each
Registration Statement filed hereunder and prepare and file with the Commission such amendments and
supplements to such Registration Statement and the Prospectus used in connection therewith as may
be necessary to keep such Registration Statement effective for a period of not less than
one-hundred twenty (120) days (or, if sooner, until all Registrable Securities have been sold under
such Registration Statement) (or, in the case of a Shelf Registration, a period ending on the date
on which all Registrable Securities have been sold pursuant to the Shelf Registration) and comply
with the provisions of the Securities Act with respect to the disposition of all Registrable
Securities covered by such Registration Statement during such period in accordance with the
intended methods of disposition by the sellers thereof set forth in such Registration Statement (in
each case subject to any Suspension Period);

               (d) furnish to each seller of Registrable Securities such number of copies of such
Registration Statement, each amendment and supplement thereto, the Prospectus included in such
Registration Statement (including each preliminary Prospectus) and such other documents as such
seller may reasonably request in order to facilitate the disposition of the Registrable Securities
owned by such seller;

               (e) use its commercially reasonable efforts (i) to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as any seller
reasonably requests, (ii) to keep such registration or qualification in effect for so long as such
Registration Statement remains in effect, and (iii) to do any and all other acts and things which
may be reasonably necessary or advisable to enable such seller to consummate the disposition in
such jurisdictions of the Registrable Securities owned by such seller (provided that the
Company shall not be required to (x) qualify generally to do business in any jurisdiction where it
would not otherwise be required to qualify but for this subsection, (y) subject itself to

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taxation in any such jurisdiction or (z) consent to general service of process in any such
jurisdiction);

               (f) notify each seller of such Registrable Securities and any managing underwriter (i) at any
time when a Prospectus relating thereto is required to be delivered under the Securities Act (A)
upon discovery that, or upon the happening of any event as a result of which, the Prospectus
included in such Registration Statement includes an untrue statement of a material fact or omits to
state a material fact necessary in order to make the statements therein, in light of the
circumstances under which they were made, not misleading, and, at the request of any such seller
and subject to any Suspension Period, the Company shall promptly prepare a supplement or amendment
to such Prospectus and file it with the Commission so that, as thereafter delivered to the
purchasers of such Registrable Securities, such Prospectus as so amended or supplemented shall not
include an untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in light of the circumstances under which they were made, not
misleading, (B) as soon as the Company becomes aware of any request by the Commission or any
Federal or state governmental authority for amendments or supplements to a Registration Statement
or related Prospectus covering Registrable Securities or for additional information relating
thereto, (C) as soon as the Company becomes aware of the issuance or threatened issuance by the
Commission of any stop order suspending or threatening to suspend the effectiveness of a
Registration Statement covering the Registrable Securities or (D) of the receipt by the Company of
any notification with respect to the suspension of the qualification or exemption from
qualification of any Registrable Securities for sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose; and (ii) when each Registration Statement or any
amendment thereto has been filed with the Commission and when each Registration Statement or any
post-effective amendment thereto has become effective;

               (g) use its commercially reasonable efforts to cause all such Registrable Securities (i) if
either the Common Stock or New Notes are then listed on a securities exchange or included for
quotation in a recognized trading market, to continue to be so listed or included, and (ii) to be
registered with or approved by such other governmental agencies or authorities as may be necessary
to enable the sellers thereof to consummate the disposition of the Registrable Securities;

               (h) provide and cause to be maintained a transfer agent and registrar chosen by the Company
for all such Registrable Securities from and after the effective date of such Registration
Statement;

               (i) enter into such customary agreements (including underwriting agreements in customary form,
provided that the Company’s indemnity and contribution obligations (and related procedures)
to any Person in any underwriting or similar agreement shall be substantially equivalent to the
provisions of Section 7) and take all such other actions as the holders of a majority of
the Registrable Securities being sold or the underwriters, if any, reasonably request in order to
expedite or facilitate the disposition of such Registrable Securities;

               (j) for a reasonable period prior to the filing of any Registration Statement or a Shelf
Takedown, as applicable, pursuant to this Agreement, make available for review by any

10

 

seller of Registrable Securities, any underwriter participating in any disposition pursuant to
such Registration Statement, one firm of counsel for all of the Eligible Holders and one firm of
counsel representing any underwriters and any one firm of accountants retained by either the
Eligible Holders or any underwriters, copies of all financial and other records, pertinent
corporate documents and properties of the Company, and cause the Company’s officers, directors,
employees and independent accountants to supply copies of all information reasonably requested by
any such seller, underwriter, attorney, accountant or agent in connection with such Registration
Statement; provided, however, that any information that is designated in writing by
the Company, in good faith, as confidential at the time of delivery of such information shall be
kept confidential by the requesting party or any such seller of Registrable Securities,
underwriter, attorney, accountant or other agent, unless such disclosure is made in connection with
a court proceeding or required by law, or such information becomes available to the public
generally or through a third party (other than as a result of a breach of such confidentiality
provisions) without an accompanying obligation of confidentiality;

               (k) comply with all applicable rules and regulations of the Commission, and make available to
its security holders, as soon as reasonably practicable, after the effective date of any
Registration Statement, an earnings statement covering the period of at least twelve months
beginning with the first day of the Company’s first full calendar quarter after the effective date
of the Registration Statement, which earnings statement shall satisfy the provisions of Section
11(a) of the Securities Act and Rule 158 thereunder;

               (l) permit any Eligible Holder of Registrable Securities, any underwriter participating in any
disposition pursuant to a Registration Statement, attorneys from one firm of counsel for all of the
Eligible Holders and one firm of counsel representing any underwriters, and accountants from one
firm of accountants retained by either the Eligible Holders of Registrable Securities or any
underwriters, to participate (including, but not limited to, reviewing, commenting on and attending
all meetings) in the preparation of such Registration Statement and any Prospectus supplements
relating to a Shelf Takedown, if applicable, and to require the insertion therein of information
regarding the sellers, the underwriters or the plan of disposition of the Registrable Securities,
furnished to the Company in writing, which in the reasonable judgment of such holders or
underwriters and their respective counsel should be included;

               (m) in the event of the issuance or threatened issuance of any stop order suspending the
effectiveness of a Registration Statement, or of any order suspending or preventing the use of any
related Prospectus or suspending the qualification of any Securities included in such Registration
Statement for sale in any jurisdiction, use its commercially reasonable efforts promptly to (i)
prevent the issuance of any such stop order, and in the event of such issuance, to obtain the
withdrawal of such order and (ii) obtain the withdrawal of any order suspending or preventing the
use of any related Prospectus or suspending qualification of any Registrable Securities included in
such Registration Statement for sale in any jurisdiction at the earliest practicable date;

               (n) obtain and furnish to each such holder of Registrable Securities a copy of a signed
counterpart of (i) a cold comfort letter from the Company’s independent public accountants and (ii)
a legal opinion of counsel to the Company addressed to such holders of Registrable Securities, in
each case in customary form and covering such matters of the type

11

 

customarily covered by such letters as the managing underwriter and/or holders of a majority
of the Registrable Securities being sold reasonably request;

               (o) promptly notify in writing the Eligible Holders, the sales or placement agent, if any,
therefor and the managing underwriter of the securities being sold, (i) when such Registration
Statement or the Prospectus included therein or any Prospectus amendment or supplement or
post-effective amendment has been filed, and, with respect to any such Registration Statement or
any post-effective amendment, when the same has become effective and (ii) of any written comments
by the Commission and by the blue sky or securities commissioner or regulator of any state with
respect thereto;

               (p) (i) prepare and file with the Commission such amendments and supplements to each
Registration Statement as may be necessary to comply with the provisions of the Securities Act,
including post-effective amendments to each Registration Statement as may be necessary to keep such
Registration Statement continuously effective (subject to any Suspension Period) for the applicable
time period required hereunder and if applicable, file any Registration Statements pursuant to Rule
462(b) under the Securities Act; (ii) cause the related Prospectus to be supplemented by any
required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any
similar provisions then in force) promulgated under the Securities Act; (iii) comply with the
provisions of the Securities Act and the Exchange Act with respect to the disposition of all
Registrable Securities covered by such Registration Statement during such period in accordance with
the intended methods of disposition by the sellers thereof set forth in such Registration Statement
as so amended or in such Prospectus as so supplemented; (iv) provide additional information related
to each Registration Statement as requested by the Commission or any Federal or state governmental
authority; and (v) if the holders of a majority of the Registrable Securities participating in a
Demand Registration so request, request acceleration of effectiveness from the Commission of the
Demand Registration and any post-effective amendments thereto, if any are filed; provided,
however, that at the time of such request, the Company does not in good faith believe that
it is necessary to amend further the Registration Statement in order to comply with the provisions
of this subparagraph;

               (q) cooperate with each Eligible Holder and each underwriter participating in the disposition
of such Registrable Securities and underwriters’ counsel in connection with any filings required to
be made with FINRA;

               (r) use its commercially reasonable efforts to assist an Eligible Holder in facilitating
private sales of Registrable Securities by, among other things, providing officers’ certificates
and other customary closing documents reasonably requested by such Eligible Holder (so long as the
Company believes that such private sales comply with the Securities Act); and

               (s) use its reasonable best efforts to take all other actions reasonably necessary to effect
the registration of the Registrable Securities contemplated hereby.

          5. Information from Eligible Holders; Obligations of Eligible Holders.

               (a) It shall be a condition precedent to the obligations of the Company to include the
Registrable Securities of any Eligible Holder that has requested inclusion of its

12

 

Registrable Securities in any Registration Statement or Prospectus, as the case may be, that
such Eligible Holder shall take the actions described in this Section 5.

               (b) Each Eligible Holder that has requested inclusion of its Registrable Securities in any
Registration Statement shall furnish to the Company (as a condition precedent to such Eligible
Holder’s participation in such registration) a Questionnaire. Each Eligible Holder agrees promptly
to furnish to the Company in writing all information required to be disclosed in order to make the
information previously furnished to the Company by such Eligible Holder not misleading, any other
information regarding such Eligible Holder and the distribution of such Registrable Securities as
may be required to be disclosed in the Prospectus or Registration Statement under applicable law or
regulation or pursuant to comments from the staff of the Commission and any information otherwise
reasonably required by the Company to comply with applicable law or regulations.

               (c) Each Eligible Holder shall promptly (i) following its actual knowledge thereof, notify the
Company of the occurrence of any event that makes any statement made in a Registration Statement,
Prospectus, Issuer Free Writing Prospectus or other Free Writing Prospectus regarding such Eligible
Holder untrue in any material respect or that requires the making of any changes in a Registration
Statement, Prospectus or Free Writing Prospectus so that, in such regard, it shall not contain any
untrue statement of a material fact or omit any material fact required to be stated therein or
necessary to make the statements not misleading and (ii) provide the Company with such information
as may be required to enable the Company to prepare a supplement or post effective amendment to any
such Registration Statement or a supplement to such Prospectus or Free Writing Prospectus.

               (d) With respect to any Registration Statement for an Underwritten Offering, the inclusion of
an Eligible Holder’s Registrable Securities therein shall be conditioned, at the managing
underwriter’s request, upon the execution and delivery by such holder of an underwriting agreement;
provided that the underwriting agreement is in customary form and reasonably acceptable to
Company and the majority of Eligible Holders of the Registrable Securities to be included in the
Underwritten Offering.

               (e) Each Eligible Holder shall use commercially reasonable efforts to cooperate with the
Company in preparing the applicable Registration Statement.

               (f) Each Eligible Holder agrees that no Eligible Holder of Registrable Securities shall be
entitled to sell any of such Registrable Securities pursuant to a Registration Statement or to
receive a Prospectus relating thereto unless such Eligible Holder has furnished the Company with
the Questionnaire and any other information relating to such Eligible Holder reasonably requested
by the Company and customarily required for offerings and/or resales of the type contemplated by
the Registration Statement.

          6. Registration Expenses. Except as otherwise provided herein, all Registration
Expenses shall be borne by the Company. All Selling Expenses relating to Registrable Securities
shall be borne by the Eligible Holders of such Registrable Securities pro rata on the basis of the
amount of Registrable Securities sold; provided, however, that the Company shall
pay the reasonable fees and expenses of one firm of counsel selected by the holders of a majority
of the

13

 

Registrable Securities covered by (i) the first Shelf Registration Statement filed by the
Company pursuant to this Agreement up to a maximum amount of $75,000 and (ii) each other
Registration Statement up to a maximum amount of $25,000 per Registration Statement subject to an
aggregate maximum amount of $200,000 for all such Registration Statements.

          7. Indemnification; Contribution. 

               (a) The Company agrees to indemnify and hold harmless, to the extent permitted by law, each
(i) Eligible Holder of Registrable Securities, (ii) each Person that controls (within the meaning
of Section 15 of the Securities Act and Section 20 of the Exchange Act) such Eligible Holder and
(iii) the respective directors, officers, partners, employees, legal counsel, accountants and
agents of such Eligible Holder and controlling Person (collectively, “Holder Indemnified
Parties”) from and against any and all losses, claims, damages, liabilities and expenses,
including reasonable attorney’s fees and disbursements and reasonable expenses of investigation
(collectively, “Losses”), caused by any (A) untrue or alleged untrue statement of material
fact contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment
thereof or supplement thereto or any Free Writing Prospectus or any omission or alleged omission of
a material fact required to be stated therein or necessary to make the statements therein not
misleading, or (B) violation or alleged violation by the Company of the Securities Act, the
Exchange Act, any applicable state securities law or any rule or regulation promulgated under the
Securities Act, the Exchange Act or any applicable state securities law; provided,
however, that the Company shall not be liable to any Holder Indemnified Party for any
Losses that are (x) caused by or contained in any information furnished in writing to the Company
by or on behalf of a Holder Indemnified Party or any underwriter expressly for use in any
Registration Statement, Prospectus or preliminary Prospectus or amendment or supplement thereto or
any Free Writing Prospectus or (y) caused by such Holder Indemnified Party’s or any underwriter’s
failure to deliver a copy of the Registration Statement, Prospectus or preliminary Prospectus or
amendment or supplement thereto or any Free Writing Prospectus after the Company has furnished such
Holder Indemnified Party or such underwriter in a timely manner with a sufficient number of copies
of the same. In connection with an Underwritten Offering, the Company shall indemnify such
underwriters, each Person who controls such underwriters (within the meaning of Section 15 of the
Securities Act and Section 20 of the Exchange Act) and each of their respective directors,
officers, partners and employees to the same extent as provided above with respect to the
indemnification of the Eligible Holders of Registrable Securities.

               (b) In connection with any Registration Statement in which a holder of Registrable Securities
is participating, each such holder shall furnish to the Company in writing such information and
affidavits as the Company reasonably requests for use in connection with any such Registration
Statement, Prospectus or preliminary Prospectus or amendment or supplement thereto or any Free
Writing Prospectus and shall indemnify and hold harmless, to the extent permitted by law, (i) the
Company, (ii) each Person who controls (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act) the Company, (iii) each other holder of Registrable Securities
participating in any such offering and (iv) the respective directors, officers, partners,
employees, legal counsel, accountants and agents of each of the Persons specified in the foregoing
clauses (i) through (iii), from and against any and all Losses caused by any untrue
or alleged untrue statement of material fact contained in the Registration Statement, Prospectus or
preliminary Prospectus or any amendment thereof or supplement

14

 

thereto or any Free Writing Prospectus or any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not misleading, but only
to the extent that such untrue or alleged untrue statement or omission or alleged omission is
contained in any information or affidavit so furnished in writing by or on behalf of such holder
expressly for use in such Registration Statement, Prospectus, preliminary Prospectus or amendment
or supplement thereto or such Free Writing Prospectus; provided that the obligation to
indemnify shall be individual, not joint and several, for each holder and shall be limited to the
net amount of proceeds received by such holder from the sale of Registrable Securities pursuant to
such Registration Statement. In connection with an Underwritten Offering by the Company or any
holder of the Company’s securities other than an Eligible Holder, a holder of Registrable
Securities participating therein shall indemnify such underwriters, each Person who controls such
underwriters (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act) and each of their respective directors, officers, partners and employees to the same extent as
provided above with respect to the indemnification of the Company and the other holders.

               (c) Any Person entitled to indemnification hereunder shall (i) give prompt written notice to
the indemnifying party of any claim with respect to which such Person seeks indemnification
(provided that the failure to give prompt notice shall not impair any Person’s right to
indemnification hereunder to the extent such failure has not prejudiced the indemnifying party) and
(ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying
party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified
party. If such defense is assumed, the indemnifying party shall not be subject to any liability
for any settlement made by the indemnified party without its consent (but such consent shall not be
unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the
defense of a claim shall not be obligated to pay the fees and expenses of more than one (1) counsel
(plus one (1) local counsel in each applicable jurisdiction) for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified
party a conflict of interest may exist between such indemnified party and any other of such
indemnified parties with respect to such claim.

               (d) The indemnified party shall have the right to employ separate counsel in any such action
and participate in the defense thereof, but the fees and expenses of such counsel shall be paid by
the indemnified party unless (x) the indemnifying party agrees to pay the same, (y) the
indemnifying party fails to assume the defense of such action with counsel reasonably satisfactory
to the indemnified party or (z) the indemnified party reasonably believes that the joint
representation of the indemnified party and any other party in such proceeding (including the
indemnifying party) would be inappropriate under applicable standards of professional conduct. In
the case of clause (y) above and (z) above, the indemnifying party shall not have the right to
assume the defense of such action on behalf of such indemnified party. No indemnifying party
shall, without the written consent of the indemnified party, effect the settlement or compromise
of, or consent to the entry of any judgment with respect to, any pending or threatened action or
claim in respect of which indemnification or contribution may be sought hereunder (whether or not
the indemnified party is an actual or potential party to such action or claim) unless such
settlement, compromise or judgment (1) includes an unconditional release of

15

 

the indemnified party from all liability arising out of such action or claim and (2) does not
include a statement as to, or an admission of, fault, culpability or a failure to act by or on
behalf of any indemnified party. The rights afforded to any indemnified party hereunder shall be
in addition to any rights that such indemnified party may have at common law, by separate agreement
or otherwise.

               (e) The indemnification provided for under this Agreement shall remain in full force and
effect regardless of any investigation made by or on behalf of any indemnified party or any Person
that controls (within the meaning of Section 15 of the Securities Act and Section 20 of the
Exchange Act) such indemnified party and the respective directors, officers, partners, employees,
legal counsel, accountants and agents of such indemnified party and controlling Person and shall
survive the transfer of Registrable Securities.

               (f) If the indemnification required by this Section 7 from the indemnifying party is
unavailable or insufficient to hold harmless an indemnified party hereunder in respect of any
Losses, referred to in this Section 7:

                    (i) The indemnifying party, in lieu of indemnifying such indemnified party, shall contribute
to the amount paid or payable by such indemnified party as a result of such Losses, in such
proportion as is appropriate to reflect the relative fault of the indemnifying party and
indemnified parties in connection with the actions which resulted in such Losses, as well as any
other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified parties shall be determined by reference to, among other things, whether any action in
question has been committed by, or relates to information supplied by, such indemnifying party or
indemnified parties, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such action in question. The amount paid or payable by a party
as a result of the Losses shall be deemed to include, subject to the limitations set forth in
Section 7(a) and Section 7(b), any legal or other fees or expenses reasonably
incurred by such party in connection with any investigation or proceeding.

                    (ii) The parties hereto agree that it would not be just and equitable if contribution pursuant
to this Section 7(f) were determined by pro rata allocation or by any other method of
allocation which does not take into account the equitable considerations referred to in Section
7(f)(i). No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such
fraudulent misrepresentation.

          8. Participation in Underwritten Registrations. 

               (a) No Person may participate in any registration hereunder which is an Underwritten
Registration or Underwritten Offering unless such Person (i) agrees to sell such Person’s
securities on the basis provided in any underwriting arrangements approved by the Person or Persons
entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents reasonably required
under the terms of such underwriting arrangements; provided, that no holder of Registrable
Securities included in any Underwritten Registration shall be required to make any representations
or warranties to the Company or the underwriters (other

16

 

than representations and warranties regarding (x) such holder’s ownership of its Registrable
Securities to be sold or transferred, (y) such holder’s power and authority to effect such transfer
and (z) such matters pertaining to compliance with securities laws as may be reasonably requested)
or to undertake any indemnification obligations to the Company with respect thereto, except as
otherwise provided in Section 7(b), or to the underwriters with respect thereto, except to
the extent of the indemnification being given to the Company and its controlling Persons in
Section 7(b).

               (b) Each Person that is participating in any registration hereunder agrees that, upon receipt
of any notice from the Company of the happening of any event of the kind described in Section
4(f)(i), such Person will forthwith discontinue the disposition of its Registrable Securities
pursuant to the applicable Registration Statement (including any Shelf Registration) until such
Person’s receipt of (i) copies of a supplemented or amended Prospectus from the Company or (ii)
further notice from the Company that distributions can proceed without an amended or supplemented
Prospectus, and, in the circumstances described in clause (i), if so directed by the
Company, such holder will deliver to the Company (at its expense) all copies in such holder’s
possession (other than permanent file copies or copies required under such holder’s customary
document retention policies), of the Prospectus covering the Registrable Securities current at the
time of receipt of such notice. In the event the Company shall give any such notice, the
applicable time period mentioned in Section 4(c) during which a Registration Statement is
to remain effective shall, to the extent possible, be extended by the number of days during the
period from and including the date of the giving of such notice pursuant to this Section to and
including the date when each seller of a Registrable Security covered by such Registration
Statement shall have received (x) the copies of the supplemented or amended Prospectus contemplated
by Section 4(f) or (y) the notice described in clause (ii).

          9. Free Writing Prospectuses. Except for a Prospectus, an Issuer Free Writing
Prospectus or other materials prepared by the Company, each Eligible Holder represents and agrees
that it (i) shall not make any offer relating to the Registrable Securities that would constitute
an Issuer Free Writing Prospectus or that would otherwise constitute a Free Writing Prospectus, and
(ii) has not distributed and will not distribute any written materials in connection with the offer
or sale of Common Stock or New Notes, in each case without the prior written consent of the Company
and, in connection with any Underwritten Offering, the underwriters.

          10. Rule 144 and Rule 144A; Other Exemptions. With a view to making available to the
Eligible Holders the benefits of Rule 144 and Rule 144A promulgated under the Securities Act and
other rules and regulations of the Commission that may at any time permit an Eligible Holder to
sell securities of the Company to the public without registration, the Company covenants that it
will use its reasonable best efforts to (i) timely file all reports and other documents required to
be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted
by the Commission thereunder and (ii) take such action as each Eligible Holder may reasonably
request (including, but not limited to, providing any information necessary to comply with Rule 144
and Rule 144A, if available with respect to resales of the Registrable Securities under the
Securities Act), at all times, all to the extent required from time to time to enable such Eligible
Holder to sell Registrable Securities without registration under the Securities Act within the
limitation of the exemptions provided by (x) Rule 144 and Rule 144A (if available with respect to
resales of the Registrable Securities) under the Securities Act, as

17

 

such rules may be amended from time to time, or (y) any other rules or regulations now
existing or hereafter adopted by the Commission.

          11. Effective Time. This Agreement shall be effective in accordance with the terms and
conditions set forth in the Plan and the confirmation order related thereto.

          12. Transfer of Registration Rights. The rights of an Eligible Holder hereunder may be
assigned on a pro rata basis in connection with any transfer or assignment of Registrable
Securities to any transferee or assignee provided that all of the following additional conditions
are satisfied: (a) immediately after such transfer, such Registrable Securities continue to be
Registrable Securities (taking into account the manner of transfer or assignment of the Registrable
Securities and the fact that such Registrable Securities are held by such transferee or assignee);
(b) such transfer or assignment is effected in accordance with applicable securities laws; (c) such
transferee or assignee agrees in writing to become subject to the terms of this Agreement; (d) such
transferee or assignee provides to the Company all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required by the Company in connection with
registration of the Registrable Securities; and (e) the Company is given written notice by such
Eligible Holder of such transfer or assignment, stating the name and address of the transferee or
assignee and identifying the type and amount of Registrable Securities with respect to which such
rights are being transferred or assigned.

          13. Definitions. 

          “Affiliate” of any particular Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person.

          “Agreement” has the meaning specified in the first paragraph hereof.

          “Bankruptcy Code” means chapter 11 of title 11 of the United States Code.

          “Board” means the board of directors of the Company.

          “Commission” means the United States Securities and Exchange Commission or any
successor governmental agency.

          “Common Registrable Securities” means any shares of Common Stock (i) issued on or
after the Effective Date to Eligible Holders who are parties hereto as of the Effective Date or
become a party hereto or (ii) held or deemed to be held by Eligible Holders, including any Common
Stock issued pursuant to the Plan, upon the conversion or exercise of any other securities, and any
Common Stock issued or issuable with respect to any of the foregoing securities by way of a stock
dividend or stock split or in connection with a combination of shares, recapitalization, merger,
consolidation or other reorganization, or upon conversion or exercise of any such securities;
provided that such securities shall cease to be Common Registrable Securities when they
have (A) been effectively registered under the Securities Act and disposed of in accordance with
the Registration Statement covering them, (B) been distributed to the public through a broker,
dealer or market maker pursuant to Rule 144 under the Securities Act (or any similar rule
promulgated by the Commission then in force), or (C) cease to be outstanding.

18

 

          “Common Stock” means the common stock, par value $.001 per share, of the Company,
having the rights and preferences set forth with respect thereto in the Second Amended and Restated
Certificate of Incorporation of the Company, as further amended and restated from time to time, and
any such security into which such common stock shall have been converted or exchanged or in
connection with a combination of shares, recapitalization, merger, consolidation or other
reorganization and any additional shares received in connection therewith by way of a stock
dividend or stock split.

          “Company” has the meaning specified in the first paragraph hereof.

          “Company Notice” has the meaning specified in Section 1(b).

          “control” (including the terms “controlling,” “controlled by” and “under common
control with”) means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a person, whether through the ownership of voting
shares, by contract, or otherwise.

          “Demand Notice” has the meaning specified in Section 1(b).

          “Demand Registration” has the meaning specified in Section 1(a).

          “Demand Registration Actions” has the meaning specified in Section 1(e)(ii).

          “Demand Request” has the meaning specified in Section 1(a).

          “Demand Suspension Notice” has the meaning specified in Section 1(e)(ii).

          “Demand Suspension Period” has the meaning specified in Section 1(e)(ii).

          “Effective Date” has the meaning assigned to such term in the Plan.

          “Eligible Holders” means (a) any holder of Securities which were acquired directly
through distributions under the Plan who (i) together with its Affiliates, owns 10% or more of the
outstanding Common Stock as a result of such distribution immediately following such distribution
under the Plan or (ii) provides to the Company a written opinion of counsel (in reasonable and
customary form) concluding that such holder is, or is reasonably likely to be, deemed an
“underwriter” under Section 1145(b)(1) of the Bankruptcy Code and (b) any Person who acquires
Registrable Securities from an Eligible Holder in compliance with the requirements of Section
12 where such Registrable Securities continue to be Registrable Securities after such
acquisition (taking into account the manner of transfer of such Registrable Securities to such
Person and the fact that such Registrable Securities are held by such Person).

          “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to
time.

          “Exchange Act Document” means any materials, information or document required to be
filed by the Company pursuant to the Exchange Act and the rules and regulations promulgated
thereunder as in effect from time to time.

19

 

          “FINRA” means the Financial Industry Regulatory Authority.

          “Form S-1 Shelf” has the meaning specified in Section 1(c)(i).

          “Form S-3 Shelf” has the meaning specified in Section 1(c)(i).

          “Free Writing Prospectus” means a “free writing prospectus” as defined in Rule 405
under the Securities Act relating to the Registrable Securities included in the applicable
registration.

          “Holder Indemnified Parties” has the meaning specified in Section 7(a).

          “Issuer Free Writing Prospectus” means an “issuer free writing prospectus” as defined
in Rule 433 under the Securities Act.

          “Lock-Up Period” has the meaning specified in Section 3(a).

          “Losses” has the meaning specified in Section 7(a).

          “New Notes” has the meaning set forth in the second recital to this Agreement.

          “Noteholders” has the meaning set forth in the second recital to this Agreement.

          “Notes Registrable Securities” means any of the New Notes (i) issued on or after the
Effective Date to Eligible Holders who are parties hereto as of the Effective Date or become a
party hereto or (ii) held or deemed to be held by Eligible Holders, including any New Notes issued
pursuant to the Plan; provided that such New Notes shall cease to be Notes Registrable
Securities when they have (A) been effectively registered under the Securities Act and disposed of
in accordance with the Registration Statement covering them, (B) been distributed to the public
through a broker, dealer or market maker pursuant to Rule 144 under the Securities Act (or any
similar rule promulgated by the Commission then in force) or (C) cease to be outstanding.

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

          “Piggyback Registration” has the meaning specified in Section 2(a).

          “Plan” has the meaning specified in the first recital of this Agreement.

          “principal amount” shall mean the aggregate principal amount (including accreted
amounts and additional principal amount resulting from payment-in-kind interest) outstanding at
such date of either New Notes or Notes Registrable Securities.

          “Prospectus” means the Prospectus relating to the Registrable Securities included in
the applicable Registration Statement, and any such Prospectus as supplemented by any and all
supplements thereto and as amended by any and all amendments (including post effective

20

 

amendments) and including all material incorporated by reference or deemed to be incorporated
by reference in such Prospectus.

          “Questionnaire” has the meaning set forth in Section 1(c)(iii).

          “Registrable Securities” means, collectively, the Common Registrable Securities and
the Notes Registrable Securities.

          “Registration Expenses” means all expenses (other than underwriting discounts and
commissions) arising from or incident to the registration of Registrable Securities in compliance
with this Agreement, including, without limitation, (i) Commission, stock exchange, FINRA and other
registration and filing fees, (ii) all fees and expenses incurred in connection with complying with
any securities or blue sky laws (including, without limitation, fees, charges and disbursements of
counsel in connection with blue sky qualifications of the Registrable Securities), (iii) all
printing, messenger and delivery expenses, (iv) the fees, charges and disbursements of counsel to
the Company and of its independent public accountants and any other accounting and legal fees,
charges and expenses incurred by the Company (including, without limitation, any expenses arising
from any special audits or “comfort letters” required in connection with or incident to any
registration), (v) the fees, charges and disbursements of any special experts retained by the
Company in connection with any registration pursuant to the terms of this Agreement, (vi) the fees
and expenses incurred in connection with the listing of the Registrable Securities on any
securities exchange and (vii) Securities Act liability insurance (if the Company elects to obtain
such insurance), regardless of whether any Registration Statement filed in connection with such
registration is declared effective. “Registration Expenses” shall also include the fees, charges
and disbursements of one firm of counsel to all of the Eligible Holders participating in any
underwritten public offering pursuant to this Agreement (which shall be selected by the holders of
a majority of the Registrable Securities participating in a Registration Statement and which shall
be reasonably acceptable to the Company).

          “Registration Statement” means any registration statement of the Company under the
Securities Act that covers any of the Registrable Securities pursuant to the provisions of this
Agreement, including the related Prospectus, all amendments and supplements to such registration
statement (including post-effective amendments), and all exhibits and all materials incorporated by
reference or deemed to be incorporated by reference in such registration statement.

          “Securities” has the meaning set forth in the second recital to this Agreement.

          “Securities Act” means the Securities Act of 1933, as amended from time to time.

          “Selling Expenses” means the underwriting fees, discounts, selling commissions and
stock transfer taxes applicable to all Registrable Securities registered by the Eligible Holders
and any other expenses of the Eligible Holders, including legal expenses, not included within the
definition of Registration Expenses.

          “Shelf” has the meaning specified in Section 1(c)(i).

          “Shelf Registration Actions” has the meaning specified in Section 1(c)(iv).

21

 

          “Shelf Registration Statement” means a Registration Statement on an appropriate form
filed with the Commission in accordance with and pursuant to Rule 415 promulgated under the
Securities Act (or any successor rule then in effect) and all amendments and supplements thereto.

          “Shelf Suspension Notice” has the meaning specified in Section 1(c)(iv).

          “Shelf Suspension Period” has the meaning specified in Section 1(c)(iv).

          “Shelf Takedown” has the meaning specified in Section 2(a).

          “Short-Form Registration” has the meaning specified in Section 1(a).

          “Suspension Notice” means a Demand Suspension Notice or Shelf Suspension Notice.

          “Suspension Period” means a Demand Suspension Period or Shelf Suspension Period.

          “Underwritten Registration” or “Underwritten Offering” means a registration in
which securities of the Company are sold to an underwriter for reoffering to the public.

          “Valid Business Reason” has the meaning specified in Section 1(c)(iv).

          14. Amendment, Modification and Waivers; Further Assurances 

               (a) Amendment. This Agreement may be amended with the consent of the Company and the
Company may take any action herein prohibited, or omit to perform any act herein required to be
performed by it, and any provision set forth herein for the benefit of the Eligible Holders may be
waived, only if the Company shall have obtained the prior written consent of the Eligible Holders
holding at least a majority (i) of the Common Registrable Securities then outstanding and/or (ii)
in principal amount of the Notes Registrable Securities, in each case who are affected by such
amendment, action or omission to act; provided that if any such amendment or waiver is to a
provision in this Agreement that requires a specific vote to take an action thereunder or to take
an action with respect to the matters described therein, such amendment or waiver shall not be
effective unless such vote is obtained with respect to such amendment or waiver.

               (b) Effect of Waiver. No waiver of any terms or conditions of this Agreement shall
operate as a waiver of any other breach of such terms and conditions or any other term or
condition, nor shall any failure to enforce any provision hereof operate as a waiver of such
provision or of any other provision hereof. No written waiver hereunder, unless it by its own
terms explicitly provides to the contrary, shall be construed to effect a continuing waiver of the
provisions being waived and no such waiver in any instance shall constitute a waiver in any other
instance or for any other purpose or impair the right of the party against whom such waiver is
claimed in all other instances or for all other purposes to require full compliance with such
provision.

               (c) Further Assurances.

22

 

                    (i) Each of the parties hereto shall execute all such further instruments and documents and
take all such further action as any other party hereto may reasonably require in order to
effectuate the terms and purposes of this Agreement.

                    (ii) Notwithstanding Section 14(c)(i), each Eligible Holder shall cooperate with the
Company, as reasonably requested by the Company, in connection with the preparation and filing of
any Registration Statement hereunder, unless such Eligible Holder has notified the Company in
writing of such Eligible Holder’s irrevocable election to exclude all of such Eligible Holder’s
Registrable Securities from such Registration Statement.

          15. Miscellaneous. 

               (a) No Inconsistent Agreements. The Company shall not hereafter enter into any
agreement with respect to its securities which is materially inconsistent with or materially
violates the rights granted to the holders of Registrable Securities in this Agreement.

               (b) Adjustments Affecting Registrable Securities. The Company shall not take any
action, or permit any change to occur, with respect to its securities which would materially and
adversely affect the ability of the holders of Registrable Securities to include such Registrable
Securities in a registration undertaken pursuant to this Agreement or which would materially and
adversely affect the marketability of such Registrable Securities in any such registration.

               (c) Remedies; Specific Performance. Any Person having rights under any provision of
this Agreement shall be entitled to enforce such rights specifically, to recover damages caused by
reason of any material breach of any provision of this Agreement and to exercise all other rights
existing in their favor. The parties hereto agree and acknowledge that money damages would not be
an adequate remedy for any material breach of the provisions of this Agreement and that any party
may in its sole discretion apply to any court of law or equity of competent jurisdiction for
specific performance and/or injunctive relief (without posting any bond or other security) in order
to enforce or prevent violation of the provisions of this Agreement and shall not be required to
prove irreparable injury to such party or that such party does not have an adequate remedy at law
with respect to any material breach of this Agreement (each of which elements the parties admit).

               (d) Successors and Assigns. All covenants and agreements in this Agreement by or on
behalf of any of the parties hereto shall bind and inure to the benefit of the respective
successors and permitted assigns or transferees of the parties hereto (including any trustee in
bankruptcy) whether so expressed or not.

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

23

 

               (f) Counterparts. This Agreement may be executed simultaneously in two or more
counterparts, any one of which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same Agreement.

               (g) Descriptive Headings; Interpretation; No Strict Construction. The descriptive
headings of this Agreement are inserted for convenience only and do not constitute a substantive
part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns,
pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document,
or instrument means such agreement, document, or instrument as amended or otherwise modified from
time to time in accordance with the terms thereof, and, if applicable, hereof. The words
“include”, “includes” or “including” in this Agreement shall be deemed to be followed by “without
limitation”. The use of the words “or,” “either” or “any” shall not be exclusive. The parties
hereto have participated jointly in the negotiation and drafting of this Agreement. If an
ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if
drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring
or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

               (h) Governing Law; Consent to Jurisdiction. This Agreement and the exhibits and
schedules hereto shall be governed by, and construed in accordance with, the laws of the State of
New York, without giving effect to any choice of law or conflict of law rules or provisions
(whether of the State of New York or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of New York.

          To the fullest extent permitted by applicable law, each party hereto (i) agrees that any
claim, action or proceeding by such party seeking any relief whatsoever arising out of, or in
connection with, this Agreement or the transactions contemplated hereby shall be brought only in
the U.S. District Court for the Southern District of New York and in any New York State court
located in the Borough of Manhattan and not in any other state or Federal court in the United
States of America or any court in any other country, (ii) agrees to submit to the exclusive
jurisdiction of such courts located in the State of New York for purposes of all legal proceedings
arising out of, or in connection with, this Agreement or the transactions contemplated hereby and
(iii) irrevocably waives any objection which it may now or hereafter have to the laying of the
venue of any such proceeding brought in such a court and any claim that any such proceeding brought
in such a court has been brought in an inconvenient forum.

               (i) Notices. All notices, demands or other communications to be given or delivered
under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to
have been given when (a) delivered personally to the recipient, (b) telecopied to the recipient
(with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that
same day) if telecopied before 5:00 p.m. New York, New York time on a business day, and otherwise
on the next business day, or (c) one business day after being sent to the recipient by reputable
overnight courier service (charges prepaid). Such notices, demands and other communications shall
be sent to the Company at the address set forth below and to any holder of Registrable Securities
at the address set forth on Schedule I, or at such address or to the

24

 

attention of such other person as the recipient party has specified by prior written notice to
the sending party. The Company’s address is:

	 	 	 	 	 
	 	 	R.H. Donnelley Corporation
	 	 	1001 Winstead Drive
	 	 	Cary, North Carolina 27513
	 

	 	Attn.:
	 	Mark W. Hianik
	 

	 	 	 	Senior Vice President, General Counsel,
	 

	 	 	 	and Corporate Secretary
	 	 	Facsimile: (919) 297-1518
	 
	 	 	 	 
	with a copy to:	 	Sidley Austin LLP
	 	 	One South Dearborn Street
	 	 	Chicago, Illinois 60603
	 

	 	Attn:
	 	Larry A. Barden
	 

	 	 	 	Kevin F. Blatchford
	 	 	Facsimile: (312) 853-7036

If any time period for giving notice or taking action hereunder expires on a day which is a
Saturday, Sunday or legal holiday in the State of New York or the jurisdiction in which the
Company’s principal office is located, the time period shall automatically be extended to the
business day immediately following such Saturday, Sunday or legal holiday.

               (j) Delivery by Facsimile. This Agreement, the agreements referred to herein, and
each other agreement or instrument entered into in connection herewith or therewith or contemplated
hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by
means of a facsimile machine or other electronic means, shall be treated in all manner and respects
as an original agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person. At the request of
any party hereto or to any such agreement or instrument, each other party hereto or thereto shall
reexecute original forms thereof and deliver them to all other parties. No party hereto or to any
such agreement or instrument shall raise the use of a facsimile machine or other electronic means
to deliver a signature or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine or other electronic means as a defense to the
formation or enforceability of a contract and each such party forever waives any such defense.

               (k) Waiver of Jury Trial. Each of the parties to this Agreement hereby agrees to
waive its respective rights to a jury trial of any claim or cause of action based upon or arising
out of this Agreement. The scope of this waiver is intended to be all-encompassing of any and all
disputes that may be filed in any court and that relate to the subject matter of this Agreement,
including contract claims, tort claims and all other common law and statutory claims. Each party
hereto acknowledges that this waiver is a material inducement to enter into this Agreement, that
each has already relied on this waiver in entering into this Agreement, and that each will continue
to rely on this waiver in their related future dealings. Each party hereto further warrants and
represents that it has reviewed this waiver with its legal counsel and that it knowingly and
voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER

25

 

IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY
A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 14(k) AND EXECUTED BY EACH
OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. In the event of litigation, this Agreement may be
filed as a written consent to a trial by the court.

               (l) Arm’s Length Agreement. Each of the parties to this Agreement agrees and
acknowledges that this Agreement has been negotiated in good faith, at arm’s length, and not by any
means prohibited by law.

               (m) Sophisticated Parties; Advice of Counsel. Each of the parties to this Agreement
specifically acknowledges that (i) it is a knowledgeable, informed, sophisticated Person capable of
understanding and evaluating the provisions set forth in this Agreement and (ii) it has been fully
advised and represented by legal counsel of its own independent selection and has relied wholly
upon its independent judgment and the advice of such counsel in negotiating and entering into this
Agreement.

               (n) Entire Agreement. This Agreement, together with the exhibits and schedules hereto
and any certificates, documents, instruments and writings that are delivered pursuant hereto,
constitutes the entire agreement and understanding of the parties in respect of the subject matter
hereof and supersedes all prior understandings, agreements or representations by or among the
parties, written or oral, to the extent they relate in any way to the subject matter hereof.

[SIGNATURE PAGE FOLLOWS]

26

 

          IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as of
the date first written above.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 	 	R.H. DONNELLEY CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	[ELIGIBLE HOLDER]	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

27

 

SCHEDULE I

ELIGIBLE HOLDERS 

Schedule I-1

 

EXHIBIT A

Form of Selling Securityholder Notice and Questionnaire

          The undersigned beneficial owner (the “Selling Securityholder”) of common stock or
12/14% Senior Subordinated Notes due 2017 (the “Registrable Securities”) of R.H. Donnelley
Corporation (the “Company”) understands that the Company has filed or intends to file with
the Securities and Exchange Commission (the “Commission”) a Registration Statement for the
registration and resale of the Registrable Securities, in accordance with the terms of the
Registration Rights Agreement, dated as of [_____] (the “Registration Rights Agreement”),
among the Company and the Eligible Holders referred to therein. A copy of the Registration Rights
Agreement is available from the Company upon request at the address set forth below. All
capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in
the Registration Rights Agreement.

NOTICE

          The undersigned Selling Securityholder of Registrable Securities hereby gives notice to the
Company of its intention to sell or otherwise dispose of Registrable Securities beneficially owned
by it and listed below in Item 3 (unless otherwise specified under Item 3) pursuant to the
Registration Statement. The undersigned, by signing and returning this Notice and Questionnaire,
understands that it will be bound by the terms and conditions of this Notice and Questionnaire and
the Registration Rights Agreement.

          Pursuant to the Registration Rights Agreement, the undersigned has agreed to indemnify and
hold harmless the Company’s directors and officers and each Person, if any, who controls the
Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against losses arising in connection with statements concerning the undersigned made
in the Registration Statement or the related Prospectus in reliance upon the information provided
in this Notice and Questionnaire, subject to the limitations and conditions set forth in Section 7
of the Registration Rights Agreement.

          The undersigned Selling Securityholder is furnishing this Notice and Questionnaire in
connection with a Demand Registration, as that term is defined in the Registration Rights
Agreement:

Yes    o        No      o

          The undersigned Selling Securityholder is furnishing this Notice and Questionnaire in
connection with a Shelf Registration, as that term is defined in the Registration Rights Agreement:

Yes    o        No       o

          The undersigned Selling Securityholder is furnishing this Notice and Questionnaire in
connection with a Piggyback Registration, as that term is defined in the Registration Rights
Agreement:

Exhibit A-1

 

 

Yes    o        No       o

          The undersigned Selling Securityholder hereby provides the following information to the
Company and represents and warrants that such information is accurate and complete:

QUESTIONNAIRE

	1.	 	Name.

	 	(a)	 	Full Legal Name of Selling Securityholder:
	 
	 
	 	 	 	 

	 
	 	(b)	 	Full Legal Name of Registered Holder (if not the same as (a) above) through
which Registrable Securities listed in Item 3 below are held:
	 
	 
	 	 	 	 

	 
	 	(c)	 	Full Legal name of DTC Participant (if applicable and if not the same as (b)
above) through which Registrable Securities listed in Item 3 below are held:
	 
	 
	 	 	 	 

	 
	 	(d)	 	Full Legal Name of Natural Control Person (which means a natural person who
directly or indirectly alone or with others has power to vote or dispose of the
securities covered by the questionnaire):
	 
	 
	 	 	 	 

	2.	 	Address for Notices to Selling Securityholder:
	 
	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 	 	Telephone:

 

	 	 	Fax:

 

	 	 	Email:

 

	 	 	Contact Person:

 

	3.	 	Beneficial Ownership of Registrable Securities:
	 
	 	 	Type and Principal Amount of Registrable Securities beneficially owned:

Exhibit A-4

 

 

	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	4.	 	Broker Dealer Status:

	 	(a)	 	Are you a broker dealer?

Yes    o        No       o

	 	 	 	Note: If yes, the SEC’s staff has indicated that you should be identified as an
underwriter in the Registration Statement.
	 
	 	(b)	 	If you are a registered broker dealer, do you consent to being named as an
underwriter in the Registration Statement?

Yes    o        No       o

	 	(c)	 	Are you an affiliate of a broker dealer?

Yes    o        No       o

	 	 	 	If yes, please identify the registered broker dealer with whom the Selling
Securityholder is affiliated and the nature of the affiliation:                                        
	 	 	 
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	(d)	 	If you are an affiliate of a broker dealer, do you certify that you bought the
Registrable Securities in the ordinary course of business, and at the time of the
purchase of the Registrable Securities to be resold, you had no agreements or
understandings, directly or indirectly, with any person to distribute the Registrable
Securities?

Yes    o        No       o

	 	 	 	Note: If no, the SEC’s staff has indicated that you should be identified as an
underwriter in the Registration Statement.

	 	5. 	Beneficial Ownership of Other Securities of the Company Owned by the Selling Securityholder.

Except as set forth below in this Item 5, the undersigned Selling Securityholder is
not the beneficial or registered owner of any securities of the Company other than
the Registrable Securities listed above in Item 3.

Type and Amount of Other Securities beneficially owned by the Selling
Securityholder:

Exhibit A-4

 

 

	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	6.	 	Relationships with the Company:

	 	 	 	Except as set forth below, neither the undersigned Selling Securityholder nor any of
its affiliates, officers, directors or principal equity holders (owners of 5% or
more of the equity securities of the undersigned) has held any position or office or
has had any other material relationship with the Company (or its predecessors or
affiliates) during the past three years.
	 
	 	 	 	State any exceptions here:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the
information provided herein that may occur subsequent to the date hereof and at any time while the
Registration Statement remains in effect.

By signing below, the undersigned consents to the disclosure of the information contained herein in
its answers to Items 1 through 6 and the inclusion of such information in the Registration
Statement and the related Prospectus. The undersigned understands that such information will be
relied upon by the Company in connection with the preparation or amendment of the Registration
Statement and the related Prospectus.

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.

	 	 	 	 	 	 	 	 	 
	Dated:	 	 	 	Beneficial Owner:	 	 
	 

	 	 
 
	 	 	 	 	 	 

	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	Name:	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	Title:	 	 	 
	 

	 	 	 	 	 	 

PLEASE FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND
QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

Exhibit A-4Exhibit 10.1

Exhibit 10.1

REAL PROPERTY PURCHASE AND SALE AGREEMENT

THIS REAL PROPERTY PURCHASE AND SALE AGREEMENT (“Agreement”) is entered into between Southern
Plains Associates, L.L.C., an Oklahoma limited liability company (“Purchaser”) and Southern Plains
Medical Center, Inc., an Oklahoma corporation (“Seller”). The Effective Date (“Effective Date”) of
this Purchase and Sale Agreement will be the date of the last execution by either party.

WITNESSETH:

In consideration of the mutual covenants and representations set forth herein, Purchaser and
Seller agree as follows:

Section 1. Purchase and Sale. Seller agrees to sell, convey, and assign to Purchaser, and
Purchaser agrees to purchase and accept conveyance and assignment from Seller, subject to the terms
and conditions hereinafter set forth, that certain tract of land situated in Grady County,
Oklahoma, preliminarily described as:

[See Exhibit “A” attached hereto and incorporated herein]

together with all and singular the rights and appurtenances appertaining to the land, including any
right, title and interest of Seller in and to adjacent streets, improvements, and fixtures attached
to the land, all of the adjacent vacant land, all rights and appurtenances being hereinafter
referred to as the “Property”; but subject to the easements and restrictions of record and standard
title insurance policy exceptions. Without limiting the foregoing, “Property” shall include that
certain building located at 2222 West Iowa Avenue, Chickasha, Oklahoma commonly known as the
Southern Plains Medical Center building (“Building”), and the adjacent land, both further described
in the Assessors description attached to Exhibit A. It is agreed and understood that any personal
property of Seller on the Property and any trade fixtures, including without limitation, is not
included in or subject to this Agreement.

Section 2. Purchase Price. The purchase price (“Purchase Price”) to be paid to Seller will be Six
Million Dollars ($6,000,000.00). The Purchase Price will be payable as follows:

	 	(a)	 	Promissory Note. As part of the payment of the Purchase Price, Purchaser will
execute and deliver to Seller at Closing a promissory note (“Promissory Note”) in the
amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Promissory Note
is attached hereto and incorporated herein as Exhibit B.

	 	(b)	 	Payment at Closing. The balance of the Purchase Price as adjusted for the
Promissory Note, will be paid at Closing in the amount of Four Million Five Hundred
Thousand Dollars ($4,500,000) in accordance with Section 11 of this Agreement.

 

 

 

Section 3. Final Legal Description. In the event the preliminary legal description of the
Property is different from that contained in the Survey prepared in accordance with Section 5 of
this Agreement, the final legal description of the Property (the “Final Legal Description”) will be
the one specified on said Survey, and once approved by Purchaser and Seller, the Final Legal
Description shall be substituted for the preliminary legal description of the Property contained in
Exhibit “A” and this Agreement shall be deemed amended by such substitution without the necessity
of the parties executing any further amendment to this Agreement. Upon such substitution, the
real estate portion of the Property shall be thereafter defined as set forth in the Final Legal
Description.

Section 4. Title Insurance.

	 	(a)	 	Commitment. Within twenty (20) days subsequent to the Effective Date, Seller,
at Seller’s cost and expense, will provide Purchaser with a commitment (“Commitment”)
for an ALTA owner’s policy issued by First American Title and Trust Company (the “Title
Company”), covering the Property in the amount of the Purchase Price, insuring good and
marketable title to the Property. The title insurance commitment will set forth the
current ownership of the property, all exceptions, reservations, easements and
encumbrances, and all requirements which must be completed prior to issuance of the
title insurance policy and will have attached thereto a legible copy of all documents
referred to in the Commitment. At the Closing of this transaction, Seller shall
furnish to Purchaser a copy of the Commitment, fully marked and initialed by the Title
Company, which marked Commitment shall reflect only (i) those items not objected to by
Purchaser and (ii) those items objected to by Purchaser for which remedy has been
waived by Purchaser as the items to be listed as exceptions in the title insurance
policy upon issuance thereof. The Commitment may permit deletion of the Survey
exceptions at Purchaser’s cost and expense.

	 	(b)	 	Objections. Purchaser will notify Seller in writing of any objections to the
Commitment or the Survey (the “Objections”) within ten (10) days after receipt of the
Commitment and receipt of the Survey provided for in Section 5 hereof, whichever is
received later. Thereafter, Seller will use diligent efforts to remedy the Objections
and to satisfy the requirements of the Commitment. If Seller does not remedy all the
objections and satisfy all the requirements (i) within thirty (30) days of the date of
the delivery of such Objections or within ten (10) days prior to Closing (whichever
date first occurs), or (ii) Seller notifies Purchaser prior to such date of Seller’s
decision not to remedy some or all of the Objections or not to satisfy some or all of
the requirements, Purchaser may either:

	 	(i)	 	waive any Objection or Objections and close this transaction; or

	 
	 	(ii)	 	terminate this Agreement.

Upon termination neither party will have further obligation to the other party
hereunder.

 

2

 

	 	(c)	 	Issuance of Policy. At Closing, or as soon thereafter as is practical, Seller
will cause to be issued to Purchaser by the Title Company an owner’s title insurance
policy in accordance with the fully marked and initialed Commitment referred to above
and reflecting all required curative action. All title insurance premiums, charges and
costs will be paid by Seller.

Section 5. Survey. [Omitted]

Section 6. Inspection and Condition of Property.

	 	(a)	 	Inspection Period. Purchaser, at Purchaser’s sole cost and expense, will have
a period of twenty (20) days (the “Inspection Period”) commencing on the Effective Date
within which to conduct such examinations, verifications and studies, including without
limitation, zoning and other land use regulations, environmental and engineering, as
Purchaser, in its sole discretion, deems necessary; provided however, and
notwithstanding the foregoing, Purchaser will not perform any invasive or destructive
testing without the prior written consent of Seller, which shall not be unreasonably
withheld.

	 	(b)	 	Items to be delivered to Purchaser. Within ten (10) days from the Effective
Date, Seller shall deliver to Purchaser, for Purchaser’s review and approval, true,
correct and complete copies of the following items, which may be in the possession or
under the control of Seller:

	 	1.	 	Engineering reports, environmental reports, surveys, plats and
building construction plans of the Property;

	 	2.	 	Abstracts of Title, Certificates of Title, title insurance
policies or title insurance commitments covering the Property;

	 	3.	 	All Deeds, leases, guaranties, assignments, subordination or
non-disturbance agreements and related instruments;

	 	4.	 	Notices received from any governmental or quasi-governmental
authority or utility company relating to violations of any laws, regulations or
ordinance affecting the Property which have not been corrected as of the date of
this Agreement.

	 	(c)	 	Limited License. Purchaser, upon prior reasonable notice to Seller, is hereby
granted a “Limited License” to enter upon the Property for the purposes of making soil
tests and borings, conducting engineering tests, and for the general purposes of
inspecting the Property pursuant to the development of a site plan and a determination
of the suitability of the Property for the Purchaser’s intended use, provided however,
and notwithstanding the foregoing, Purchaser will not perform any invasive or
destructive testing without the prior written consent of Seller, which
shall not be unreasonably withheld. Purchaser will indemnify and hold Seller
harmless from any and all costs, expenses, and damages which are caused by the
Purchaser’s conducting such tests and/or inspections on the Property, provided such
costs, expenses and damages do not arise from Seller’s or Seller’s employees’,
agents’ or contractors’ negligent or willful acts or omissions. Purchaser will hold
Seller harmless and indemnify Seller in the event that any lien or encumbrance
attaches to the Property as a result of Purchaser’s activities under this Section 6
and which are not timely satisfied by Purchaser. Upon completion of any inspection,
Purchaser will forthwith restore the Property substantially to the condition existing
prior to Purchaser’s initial entry upon the Property.

 

3

 

	 	(d)	 	Termination. In the event that Purchaser determines, in its sole discretion,
that Purchaser does not choose to purchase the Property for any reason whatsoever,
Purchaser will have the right to terminate this Agreement upon written notice to Seller
at any time within said Inspection Period. Upon such termination neither party will
have any further obligation to the other party hereunder.

Section 7. Conditions Precedent to Closing. Purchaser’s obligation to Close the purchase of
the Property will be contingent upon the completion of the following prior to the Closing Date (as
hereinafter defined):

	 	(a)	 	Inspections. Purchaser shall be satisfied with its inspections and the
conditions of the Property.

	 	(b)	 	New Lease. Seller shall enter into a mutually acceptable agreement to lease the
Property from Purchaser, commencing on the Closing date, under the terms and conditions
of the lease (“Lease”) attached as Exhibit C hereto. Following closing, Seller will
continue to operate a medical clinic on the Property.

	 	(c)	 	Lease Guaranty. Unconditional guaranty of the lease obligations under the New
Lease by Rural Hospital Acquisition, LLC.

	 	(d)	 	Title and Survey. Purchaser shall be satisfied with the status of Seller’s
title to the Property and with the Survey.

	 	(e)	 	Condemnation and Casualty. To the extent Purchaser has not consented, there
has not been any material portion of the Property (which for purposes hereof shall mean
a portion of the Property having a value in excess of $10,000.00) (i) condemned or sold
under threat of condemnation or subject to a condemnation proceeding, or (ii) adversely
affected as a result of any fire, accident, or other casualty or acts of God to such an
extent that the cost of repair therefore is in excess of $10,000.00.

Seller agrees to satisfy such conditions/contingencies prior to the Closing Date. In the
event any of the foregoing conditions precedent are not satisfied, Purchaser may terminate this
Agreement without any further obligation hereunder.

 

4

 

However, notwithstanding anything in this Agreement to the contrary, Purchaser may elect, at
any time on or before the Closing Date, to waive any of the foregoing conditions precedent by
giving written notice to Seller of such election to waive any such condition precedent. In the
event Purchaser elects to so waive any such condition precedent in its favor, this Agreement shall
continue in full force and effect and the remaining obligations of Seller hereunder shall be
unaffected by such waiver.

Section 8. Seller’s Representations. Seller represents and warrants to Purchaser that the
following statements and representations are true and correct as of the Effective Date and will be
true and correct as of the date of Closing.

	 	(a)	 	Power and Authority. Seller has, or prior to Closing will have, the following:

	 	(i)	 	all requisite power and authority

	 	(1)	 	to own its property and operate its business, and

	 
	 	(2)	 	to enter into this Agreement and consummate the sale contemplated herein,
and

	 	(ii)	 	by proper action, duly authorized the execution and delivery of
this Agreement and the consummation of the sale herein contemplated.

	 	(b)	 	Contracts. At the Closing, except as regards the Existing Contractual
Agreements identified in Section 8(c) hereof, there will be (i) no contracts (other
than this Agreement) affecting the Property or any party thereof, (ii) no contracts or
agreements for the management of the Property, or any party thereof, (iii) no leasing
commissions due or owing in connection with any tenancy or occupancy of any portion of
the Property, or (iv) no lease, whether written or oral, covering the Property or any
part thereof.

	 	(c)	 	Other Contracts. The execution by Seller of this Agreement and the
consummation by Seller of the sale contemplated hereby do not, and at the Closing Date
will not, result in a breach of any of the terms or provisions of, or constitute a
default under, any indenture, agreement, instrument or obligation to which Seller is a
party or by which the Property or any portion thereof is bound.

	 	(d)	 	Title. Seller by Closing shall be the owner of good and marketable fee simple
title to the Property, free and clear of any liens, deeds of trust, pledges, leases,
charges, encumbrances, joint ownerships or restrictions of any kind, except liens to be
discharged at or prior to the Closing; but subject to the Existing Contractual
Agreements identified in Section 8(c) above.

	 	(e)	 	Access. The Property has full and free access to and from public streets and
roads and to sewer and other utility facilities servicing, adjoining or situated on the
Property and there is no pending or threatened governmental proceeding which would
impair or curtail such access, and there is no law or regulation or private covenant,
agreement or instrument which would allow any governmental entity to charge an unusual
fee for the use and access to such facilities.

 

5

 

	 	(f)	 	Encroachments. There are no encroachments onto or protrusions from the
Property, and none of the easements presently encumbering the Property will prevent or
unreasonably interfere with the use of the Property as a medical office building or be
breached by or as a result of such use.

	 	(g)	 	Condemnation. Seller has received no notice of any existing, proposed or
contemplated plans to widen, modify or realign any street or highway or any pending
condemnation actions or special assessments of any nature or proposed public
improvements affecting the Property, or any part hereof, nor has Seller received any
notices of any condemnation actions or special assessments being contemplated or
threatened, nor does Seller have any knowledge of any being contemplated.

	 	(h)	 	Litigation. There are no actions, suits or proceedings pending or threatened,
to the knowledge of Seller, which would adversely affect Seller or the Property.

	 	(i)	 	Maintenance of Property. From the date hereof until Closing, Seller will
maintain and operate the Property in a prudent and businesslike manner.

	 	(j)	 	Compliance With Laws. Seller has received no notice of any violation, and to
the knowledge of Seller, there exists no violation or notice of violation of any
municipal or other governmental ordinance, order, rule, regulation or requirement
against or affecting the Property or any part thereof.

	 
	 	(k)	 	Environmental Hazard. To the best of Seller’s knowledge:

	 	(i)	 	Seller has not permitted any storage, treatment or usage of
hazardous or toxic substances (as defined by any applicable governmental
authority and hereafter referred to as Hazardous Materials) on the property;

	 	(ii)	 	no leak, spill, discharge, emission or disposal of Hazardous
Materials has occurred on the Property during Seller’s ownership of and control
over the Property; and

	 	(iii)	 	while the Property was owned by Seller, the Property has not
been used in a manner which may result in a liability to the Purchaser under any
Environmental Laws (as defined in Section 16 of this Agreement).

	 	(l)	 	Structural or Other Defects. Seller has disclosed in writing to Purchaser all
material defects of which Seller or Seller’s employees and agents have knowledge
with respect to the physical condition and maintenance of the Property and which is
not susceptible to discovery by Purchaser from normal inspection of the Property.

	 	(m)	 	Flood Conditions. The Property does not lie in a flood plain or flood hazard
area (as defined by any local, state or federal authority), and, to the Seller’s
knowledge, the Property has not suffered and damage or required any extraordinary
repairs due to flooding or inadequate drainage.

 

6

 

Section 9. Purchaser’s Representations. Purchaser represents and warrants to Seller that
the following statements and representations are true and correct as of the Effective Date and will
be true and correct as of the date of Closing.

	 	(a)	 	Legal Existence. Purchaser is a limited liability company, duly organized,
validly existing and in good standing under the laws of the State of Oklahoma and it,
or its permitted assignee, will be, prior to Closing, duly domesticated and authorized
to transact business within the state where the Property is situated. Purchaser has
all requisite power and authority to carry on its business as now conducted and to
enter into and perform this Agreement.

	 	(b)	 	Authorization of Agreement. The execution, delivery and performance of this
Agreement by Purchaser and the consummation of the transaction described in this
Agreement by Purchaser have been duly authorized by all requisite corporate action on
the part of Purchaser. This Agreement has been duly authorized, executed and delivered
by Purchaser and constitutes a legal, valid and binding obligation of Purchaser,
enforceable against Purchaser in accordance with its terms, except as limited by
bankruptcy, insolvency, reorganization and similar laws affecting the enforcement of
creditor’s rights or contractual obligation generally and by general equitable
principals. The execution and delivery of this Agreement and the consummation of the
transactions described in it by Purchaser will not:

	 	(i)	 	violate any provision of any judicial or administrative order,
award, judgment or decree applicable to Purchaser; or

	 	(ii)	 	conflict with any of the provisions of the Articles of
Organization or the by-laws or the Operating Agreement of Purchaser; or

	 	(iii)	 	conflict with, result in a breach of or constitute a default
under any agreement or instrument to which Purchaser is a party or by which
Purchaser is bound.

	 	(c)	 	Litigation. There is no litigation pending before any court or any other
governmental authority, or, to the knowledge of the Purchaser, threatened against
Purchaser which, if adversely determined would impair the ability of Purchaser to
consummate the transactions described in this Agreement.

Purchaser makes no other warranties, express or implied.

Section 10. Zoning. Seller represents that the Property is zoned C-3, Community Commercial -
as defined by the zoning ordinance of the City of Chickasha, Oklahoma. Purchaser agrees to make
its independent investigation of the zoning circumstances of the Property and if such circumstances
are unacceptable, Purchaser will have the right of termination during the Inspection Period as set
forth within Section 6.

 

7

 

Section 11. Closing.

	 	(a)	 	The Closing of the sale of the Property by Seller will occur in Oklahoma City,
Oklahoma, in the offices of First American Title and Trust Company, Oklahoma City,
Oklahoma, at 10:00 a.m., on or before fifteen (15) days after the end of the Inspection
Period (the “Closing Date”), subject to the satisfaction of all conditions precedent
and contingencies herein, unless time for Closing will be advanced or extended by the
written agreement of the Purchaser and Seller.

	 
	 	(b)	 	At the Closing:

	 	(i)	 	the Purchaser will deliver to Seller the Promissory Note in the
amount set forth in Section 2 hereof;

	 	(ii)	 	the Purchaser will deliver to Seller cash, cashier’s or certified
check or wire transfer in the amount set forth in Section 2 hereof;

	 	(iii)	 	Seller will deliver to Purchaser a General Warranty Deed with
accompanying documentary stamps, fully executed and acknowledged by Seller,
conveying fee simple title in the Property to Purchaser and showing no
exceptions or encumbrances except those permitted by this Agreement;

	 	(iv)	 	the Seller will deliver to Purchaser a FIRPTA Affidavit, duly
executed by Seller, stating that Seller is not a “foreign person” as defined in
the Federal Foreign Investment in Real Property Tax Act of 1980 and the 1984 Tax
Reform Act;

	 	(v)	 	the Purchaser and Seller will each pay one-half (1/2) of any
closing fees. Seller will pay recording costs of all curative documents.
Seller will pay all documentary stamp taxes or other transfer taxes or fees
associated with the conveyance of the Property to Purchaser. The recording cost
of the deed conveying the Property to Purchaser, will be paid by Purchaser;

	 	(vi)	 	if not previously paid, Seller shall pay for the costs of the
title insurance policy in accordance with Section 4 and the Survey in accordance
with Section 5 of this Agreement;

	 	(vii)	 	Ad valorem taxes at Closing and any rents will be prorated
between Seller and Purchaser as of the date of Closing. Should the amount of ad
valorem
taxes for the year of Closing not be known or available, then the taxes will
be prorated on the basis of the taxes for the preceding year, but when the
exact amount of such taxes become known, such proration shall be adjusted,
upon demand, by an appropriate cash payment or refund between Purchaser and
Seller. All other charges and fees customarily prorated and adjusted in
similar transactions shall be prorated at Closing;

	 	(viii)	 	Seller will pay and discharge all special assessments against the Property,
whether matured or unmatured;

 

8

 

	 	(ix)	 	each party will pay its own attorneys’ fees;

	 	(x)	 	Seller will deliver a certificate which states that all of the
representations contained in Section 8 hereof are true and correct as of the
date of Closing;

	 
	 	(xi)	 	Seller shall deliver to Purchaser a “bills paid” affidavit, duly executed and acknowledged,
stating that there are no outstanding unpaid bills for utilities, labor performed, materials
supplied or services provided for or to the Property prior to Closing;

	 	(xii)	 	Seller and Purchaser shall duly execute such other documents as
may be reasonably necessary to consummate the transaction as contemplated by
this Agreement.

Section 12. Possession. Possession of the Property will be delivered to Purchaser at
Closing, subject to the Lease Agreement attached hereto as Exhibit “C”.

Section 13. Condemnation. If, prior to the Closing, action is initiated or threatened to
take a material portion of the Property by eminent domain proceedings, or by deed in lieu thereof,
for any portion of the Property, Purchaser may either

	 	(i)	 	terminate this Agreement; or

	 	(ii)	 	close the sale, and the award of the condemning authority will be
assigned to Purchaser at the Closing.

Upon termination, neither party will have any further obligation to the other party hereunder.

Section 14. Commissions. Purchaser and Seller covenant and represent to each other that
neither party is entitled to be paid a fee or commission in connection with the transaction
contemplated by this Agreement, and neither Purchaser nor Seller has had any dealings or agreements
with any other individual or entity in connection therewith. If any other individual or entity
will assert a claim to a finder’s fee, or commission, or other similar fee against either Purchaser
or Seller on account of an alleged employment, arrangement or contract as a broker or a finder,
then the party who is alleged to have retained such individual or entity will and does hereby agree
to indemnify and hold harmless the other party from and against any such claim and all costs,
expenses, liabilities and damages incurred in connection with such claim or any action or
proceeding brought thereon.

Section 15. Breach or Termination.

	 	(a)	 	Breach by Seller. If Seller fails to timely close the sale of the Property to
Purchaser for any reason, except Purchaser’s default or the termination of this
Agreement by Purchaser, Purchaser may terminate this Agreement by giving Seller written
notice thereof, or enforce this Agreement by action seeking specific performance of
Seller’s obligation to convey the Property in accordance with this Agreement.

 

9

 

	 	(b)	 	Breach by Purchaser. If Purchaser fails to timely close the purchase of the
Property for any reason, except Seller’s default or the exercise of a termination right
provided herein, then Seller may, as Seller’s sole remedy, cancel and terminate this
Contract.

	 	(c)	 	Termination. Notwithstanding any other provision of this Agreement to the
contrary, the indemnity and hold harmless provisions contained in this Agreement and
the provisions related to the payment of third party costs will survive the Closing
and, if this Agreement is terminated, any termination of this Agreement.

Section 16. Indemnification of Purchaser. Seller indemnifies and holds harmless Purchaser
and each of its officers, members, managers subsidiaries, successors and assigns (each an
“Indemnified Party”) from, against, for and in respect of:

(i) any and all damages, losses, settlement payments, obligations, liabilities, claims,
actions or causes of action, encumbrances and reasonable cost and expenses (collectively,
“Damages”) suffered, sustained, incurred or required to be paid by any Indemnified Party
because of (A) the untruth, inaccuracy or breach of any representation, warranty, agreement
or covenant of Seller contained in or made in connection with this Agreement; (B) the
assertion against an Indemnified Party of any liability or obligation of Seller relating to
the Property (except those obligations incurred by Purchaser following the Closing), whether
absolute or contingent, matured or un-matured, known or unknown, other than liabilities and
obligations expressly assumed hereunder; (C) any violation of any Environmental Laws (except
violations caused by Purchaser following the Closing); and (D) any personal injuries, death
or property damage claims for events occurring up to Closing; and

(ii) all reasonable cost and expenses (including, without limitation, attorney’s fees,
interest and penalties) incurred by any Indemnified Party in connection with any action,
suit, proceeding, demand, assessment or judgment incident to any of the matters indemnified
against in this Section.

As used in this Agreement, the term “Environmental Laws” shall mean any law, statute, ordinance,
rule, regulation, order or determination of any governmental authority or agency, federal, state or
local, affecting the Property and pertaining to health or the environment, including, but not
limited to, the Federal Comprehensive Environmental Response, Compensation and Liability Act of
1982 as amended by the Superfund Amendments and Reauthorization Act of 1986, the Resource
Conservation and Recovery Act, the Federal Clean Air Act, and the Toxic Substance Control Act.
The indemnification provided for in this Section shall survive Closing and the termination of this
Agreement.

 

10

 

Section 17. Indemnification of Seller. Purchaser shall indemnify and hold harmless Seller and
their respective heirs, successors and assigns (each an “Indemnified Party”) from, against, for and
in respect of:

(i) any and all damages, losses, settlement payments, obligations, liabilities, claims,
actions or causes of action, encumbrances and reasonable cost and expenses (collectively,
“Damages”) suffered, sustained, incurred or required to be paid by any Indemnified Party
because of (A) the untruth, inaccuracy or breach of any representation, warranty, agreement
or covenant of Purchaser contained in or made in connection with this Agreement; (B) any
violation of any Environmental Laws (except violations caused by Purchaser following the
Closing); and (D) any personal injuries, death or property damage claims for events
occurring up to Closing; and

(ii) all reasonable cost and expenses (including, without limitation, attorney’s fees,
interest and penalties) incurred by any Indemnified Party in connection with any action,
suit, proceeding, demand, assessment or judgment incident to any of the matters indemnified
against in this Section.

Section 18. Seller’s Purchase Option. This Agreement and Lease attached hereto as Exhibit
“C” are to be entered into simultaneously. Seller will continue to operate a medical clinic on
the Property following Closing. Purchaser grants to Seller an irrevocable option to repurchase
the Property at any time following Closing on the terms set forth in Section 37. of the Lease.

19. Miscellaneous.

	 	(a)	 	Notices. All notices, demands and requests which may be given or which are
required to be given by either party to the other, and any exercise of a right of
termination provided by this Agreement, will be in writing and will be deemed effective
when personally delivered to the address of the party to receive such notice set forth
below or, whether actually received or not, when deposited in any post office or mail
receptacle, regularly maintained by the United States Postal Service, certified or
registered mail, return receipt requested, postage prepaid, or when delivered to a
commercial overnight delivery service addressed as follows or when transmission by
facsimile is confirmed to the number set forth below and received prior to 5:30 p.m.
Central Time (Standard or Daylight, which ever is applicable to such date):

	 	 	 
	If to Purchaser:

	 	Southern Plains Associates, LLC
	 

	 	Attention: Brad Swickey
	 

	 	1601 NW Expressway, Suite 100
	 

	 	Oklahoma City, Oklahoma 73110
	 
	 	 
	If to Seller:

	 	Southern Plains Medical Center, Inc.
	 

	 	c/o Rural Hospital Acquisition, LLC
	 

	 	3555 NW 58th Street, Suite 700
	 

	 	Oklahoma City, Oklahoma 73112

or such other place as Seller or Purchaser may from time to time designate by written
notice to the other.

 

11

 

	 	(b)	 	Costs and Expenses. Unless otherwise specified in this Agreement, each party
will bear its costs and expenses (including attorneys’ fees) incurred in connection
with the preparation and execution of this Agreement, and the Closing of the
transaction.

	 	(c)	 	Attorneys’ Fees. In the event of litigation arising out of the enforcement or
interpretation of this Purchase and Sale Agreement, the prevailing party will be
awarded reasonable attorneys’ fees and court costs as additional damages.

	 	(d)	 	Assignment. This Agreement can be assigned by Purchaser at any time prior to
Closing with the express written consent of the Seller.

	 	(e)	 	Entire Agreement. This Agreement constitutes the entire agreement of the
parties, and all understandings and agreements heretofore had between the parties are
merged in this Agreement, which alone fully and completely expresses their agreements.

	 	(f)	 	Amendment. This Agreement may not be amended, modified, altered, or changed
except by a written instrument executed by the party or parties to be bound thereby.

	 	(g)	 	Captions. The captions and headings of this Agreement are for convenience only
and do not affect, limit, amplify or modify the terms and provisions hereof.

	 	(h)	 	Multiple Counterparts. This Agreement may be executed in identical
counterparts, each of which is deemed an original, and all of which constitutes
collectively one agreement; but in making proof of this Agreement, it will not be
necessary to produce or account for more than one such counterpart.

	 	(i)	 	Governing Law. This Agreement will be governed by and construed in accordance
with the laws of the State of Oklahoma.

	 	(j)	 	Successors and Assigns. This Agreement will be binding upon and inure to the
benefit of the parties hereto and their successors and assigns.

	 	(k)	 	Consents. Whenever the consent of Seller or Purchaser is required hereunder,
such consent, unless herein committed to such party’s sole discretion, will not be
unreasonably withheld or delayed.

	 	(l)	 	Execution. This Agreement shall be binding upon the parties hereto only at
such time as it is fully executed by and delivered to all parties. In the event such
complete execution and delivery has not been completed by 1:00 p.m. on the
31st day of December, 2009, any prior execution hereof will be automatically
deemed to be withdrawn and terminated.

 

12

 

	 	(m)	 	Confidentiality. The parties will keep confidential this Agreement, this
transaction, and all information learned in the course of this transaction, except to
the extent disclosure is required by law or court order or to enable third parties
(“Third Parties”) to advise or assist Purchaser to investigate the Property or either
party to close this transaction; provided however any such Third Parties shall be
advised of this obligation of confidentiality and shall first agree to be bound
thereby.

	 
	 	(n)	 	Time of the Essence. Time is of the essence to this Agreement.

	 	 	 	 	 	 	 	 	 	 	 
	“PURCHASER”	 	“SELLER”	 	 
	Southern Plains Associates, L.L.C.,	 	Southern Plains Medical Center, Inc.	 	 
	By Capital Investors of Oklahoma, LLC	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Brad Swickey
	 	 	 	By:
	 	/s/ Thomas Rice	 	 
	 

	 	 

Title: Managing Member
	 	 	 	 	 	 

Title: President
	 	 
	 

	 	Dated 12-16-09
	 	 	 	 	 	Dated 12-15-2009	 	 

 

13

 

ACKNOWLEDGMENTS

	 	 	 	 	 
	STATE OF OKLAHOMA

	 	 	)	 
	 

	 	 	) ss.

	COUNTY OF OKLAHOMA CITY

	 	 	)	 

This instrument was acknowledged before me this 16th day of December, 2009, by /s/ Brad Swickey, as Managing Member of Southern Plains Associates,
L.L.C., an Oklahoma limited liability company.

	 	 	 	 	 
	 	 	 
	 	     /s/ Charlotte Roberts
 	 
	 	Notary Public 	 

My Commission Expires 06/13/11

	 	 	 	 	 
	STATE OF Oklahoma

	 	 	)	 
	 

	 	 	) ss.

	COUNTY OF Oklahoma

	 	 	)	 

This instrument was acknowledged before me this 15th day of
December, 2009, by /s/ Thomas R. Rice
as President of Southern Plains Medical Center, Inc., a(n)
Corporation.

	 	 	 	 	 
	 	 	 
	 	     /s/ Donna M. Anderson
 	 
	 	Notary Public #00019530 	 

My Commission Expires December 18, 2012

 

14

 

EXHIBIT “A”

Legal Description

 

 

 

Exhibit A

A tract of land described as Beginning 30.00 feet North 00°00’29” West and 330.00 feet South
89°55’40” West of the Southeast corner of the Northeast Quarter (NE/4) of Section 29, Township 7
North, Range 7 West of the Indian Meridian, Grady County, Oklahoma:

Thence South 89°55’40” West parallel to the South boundary of said NE/4 SW/4, a distance of 208.70
feet to a point;

Thence North 00°01’33” East, a distance of 423.88 feet to a point;

Thence North 89°59’46” West, a distance of 284.19 feet to a point;

Thence South 00°00’14” West, a distance of 454.23 feet to a point;

Thence South 89°55’25” West, a distance of 30.00 feet to a point;

Thence North 00°01’33” East, a distance of 845.00 feet to a point;

Thence North 89°55’43” East, a distance of 521.39 feet to a point;

Thence South 00°04’02” East, a distance of 815.02 feet to the Point of the Beginning.

a/k/a 2222 W. Iowa Avenue, Chickasha, Oklahoma

Plus, the additional vacant land, described below in the Chickasha County Tax Assessors records as
follows:

29-07-07-16300 TR BEG 538.7’ W & 218.4’ N OF SE/C NE/4 SW/4 TH N 34
DEG 01 MIN W 48.3’ N 99’ W 150’ N 30 DEG 00 MIN W 34.3’ W 89.5’ N 60’
E 283.7’ S 229’ TO BEG. (.591AC) LESS BG 732.8’ W & 387.1’ N OF SE/C
NE/4 SW/4 TH W 89.5’ N 6 0’ E 54.9’ S 30 D

29-07-07-16350 TR BEG 330’ W & 447.4’ N OF SE/C NE/4 SW/4 – W208.7’

N 75’ E 80.7’ N 107.65’ E 128’ S 182.65’ TO POB.

 

2

 

EXHIBIT “B”

Promissory Note

 

3

 

PROMISSORY NOTE

			
	 	 	 
	$1,500,000.00
	 	 Maturity Date: January 12, 2030

Date: January 13, 2010

FOR VALUE RECEIVED, FIRST PHYSICIANS REALTY GROUP, LLC, an Oklahoma limited liability company,
and CAPITAL INVESTORS OF OKLAHOMA, LLC an Oklahoma limited liability company (collectively referred
to herein as “Makers”), hereby promises to pay to the order of Southern Plains Medical
Center, Inc., an Oklahoma Corporation (“Payee”), at 3555 NW 58th Street, Suite 700,
Oklahoma City, Oklahoma 73112, or at such other place as Payee designates to Makers in writing from
time to time, on or before January 12, 2030 (the “Maturity Date”), the
principal amount of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00), in lawful
money of the United States of America, together with accrued but unpaid interest on the unpaid
balance from day-to-day outstanding, computed according to the schedule in the attached Exhibit A.

1. As used herein, the term “Maximum Rate” shall mean, at any time, the maximum rate
of interest under applicable law that Payee may charge Makers. The Maximum Rate shall be
calculated in a manner that takes into account any and all fees, payments, and other charges in
respect of this Promissory Note or any document executed in connection herewith that constitute
interest under applicable law. Each change in any interest rate provided for herein based upon the
Maximum Rate resulting from a change in the Maximum Rate shall take effect without notice to Makers
at the time of such change in the Maximum Rate.

2. Computation of interest on all amounts payable by Makers hereunder shall be computed on the
basis of a year of 360 days and the actual number of days elapsed (including the first day but
excluding the last day) unless such calculation would result in a usurious rate, in which case
interest shall be calculated on the basis of a year of 365 or 366 days, as the case may be.
Notwithstanding the foregoing, if at any time the Contract Rate shall exceed the Maximum Rate,
thereby causing the interest payable on this Note to be limited to the Maximum Rate, then any
subsequent reductions in the Contract Rate shall not reduce the rate of interest charged hereunder
below the Maximum Rate until the total amount of interest accrued hereon from and after the date
hereof equals the amount of interest that would have accrued hereon if Contract Rate had at all
times been in effect.

2.1. The principal of and interest upon this Promissory Note shall be due and payable as
follows:

	 	(a)	 	Interest:

(i) 0% interest for the first 60 months; and,

(ii) 5% per annum interest for the second 60 months due and payable monthly on the
fifteenth (15th) day of each month beginning in the sixty-first month
following the date of this Promissory Note.

(iii) 5% per annum interest on the unpaid balance for the remaining 120 months due
and payable, along with principal payments, beginning in the one hundred and
twenty first (121st) month following the date of this Promissory Note
as outlined in 2.1.b. below.

	 	(b)	 	Principal will be due and payable starting in the one hundred and twenty
first month following the date of this Promissory Note, in equal monthly installments
of Twelve-Thousand Five-Hundred Dollars ($12,500) per month, due along with interest
payments, on the 15th day of each month, through the Maturity date.

Makers may elect to prepay this Promissory Note in whole or in part from time to time without
premium, penalty or notice.

 

4

 

3. Makers agrees that the occurrence of any one or more of the following shall constitute an event
of default (“Event of Default”) under this Promissory Note:

(a) Failure of Makers to pay principal of or interest on this Promissory Note when due; or

(b) Makers becomes insolvent, or makes a transfer in fraud of creditors, or makes an
assignment for the benefit of creditors, or admits in writing its inability to pay its debts as
they become due, or generally is not paying its debts as such debts become due; or

(c) Makers has a receiver or custodian appointed for, or take possession of, all or
substantially all of the assets of such party, either in a proceeding brought by such party or
in a proceeding brought against such party and such appointment is not discharged or such
possession is not terminated within sixty (60) days after the effective date thereof or such
party consents to or acquiesces in such appointment or possession; or

(d) Makers files a petition for relief under the United States Bankruptcy Code or any
other present or future federal or state insolvency, bankruptcy or similar laws (all of the
foregoing hereinafter collectively called “Applicable Bankruptcy Law”) or an
involuntary petition for relief is filed against such party under any Applicable Bankruptcy Law
or an order for relief naming such party is entered under any Applicable Bankruptcy Law, or any
composition, rearrangement, extension, reorganization or other relief of debtors now or
hereafter existing is requested or consented to by such party.

4. Makers agrees that upon the occurrence of an Event of Default, the holder of this
Promissory Note may, at its option, without further notice or demand, declare the outstanding
principal balance of and accrued but unpaid interest on this Promissory Note immediately due and
payable. If this Promissory Note is placed in the hands of an attorney for collection, or is
collected in whole or in part by suit or through probate, bankruptcy or other legal proceedings of
any kind, Makers agrees to pay, in addition to all other sums payable hereunder, all costs and
expenses of collection, including but not limited to reasonable attorneys’ fees.

5. Makers, and any surety, endorser, guarantor or other party ever liable for payment of any
sums of money on this Promissory Note, jointly and severally waive notice of acceptance, diligence,
demand for payment, presentment, protest, notice of protest and non-payment, or other notice of
default, notice of intention to accelerate the maturity of this Promissory Note, and notice of
acceleration of the maturity of this Promissory Note.

 

5

 

6. This Promissory Note is intended to be performed in accordance with, and only to the extent
permitted by, all applicable usury laws. If any provision hereof or the application thereof to any
person or circumstance shall, for any reason and to any extent, be invalid or unenforceable,
neither the application of such provision to any other person or circumstance nor the remainder of
the instrument in which such provision is contained shall be affected thereby and shall be enforced
to the greatest extent permitted by law. It is expressly stipulated and agreed to be the intent of
the holder hereof to at all times comply with the usury and other applicable laws now or hereafter
governing the interest payable on the indebtedness evidenced by this Promissory Note. If the
applicable law is ever revised, repealed or judicially interpreted so as to render usurious any
amount called for under this Promissory Note, or contracted for, charged, taken, reserved or
received with respect to the indebtedness evidenced by this Promissory Note, or if Payee’s exercise
of the option to accelerate the maturity of this Note, or if any prepayment by Makers results in
Makers having paid any interest in excess of that permitted by law, then it is the express intent
of Makers and Payee that all excess amounts theretofore collected by Payee be credited on the
principal balance of this Promissory Note (or, if this Promissory Note has been paid in full,
refunded to Makers), and the provisions of this Promissory Note immediately be deemed reformed and
the amounts thereafter collectable hereunder reduced, without the necessity of the execution of any
new document, so as to comply with the then applicable law, but so as
to permit the recovery of the fullest amount otherwise called for hereunder. All sums paid,
or agreed to be paid, by Makers for the use, forbearance, detention, taking, charging, receiving or
reserving of the indebtedness of Makers to Payee under this Promissory Note shall, to the maximum
extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the
full term of such indebtedness until payment in full so that the rate or amount of interest on
account of such indebtedness does not exceed the usury ceiling from time to time in effect and
applicable to such indebtedness for so long as such indebtedness is outstanding. Notwithstanding
anything to the contrary contained herein, it is not the intention of Payee to accelerate the
maturity of any interest that has not accrued at the time of such acceleration or to collect
unearned interest at the time of such acceleration.

7. Both Makers and Payee acknowledge and accept that this Promissory Note is an integral part
of the overall transaction between Southern Plains Associates, LLC and Southern Plains Medical
Center, Inc., represented by the Purchase and Sale Agreement, and Lease, attached hereto. Both
parties acknowledge that an uncured default and termination of the Lease by Southern Plains
Associates, under the Terms of the Lease, will effect a forgiveness of this Promissory Note, and in
such event, Southern Plains Associates will have no obligation to repay this Promissory Note, or
any further obligation to pay interest due hereunder.

The indebtedness evidenced hereby shall be construed and enforced in accordance with and
governed by the laws of the State of Oklahoma without regard to conflict of law principles.

	 	 	 	 	 
	MAKERS:	 	 
	 
	 	 	 	 
	CAPITAL INVESTORS OF OKLAHOMA, LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Brad Swickey	 	 
	 

	 	 

Name: Brad Swickey
	 	 
	 

	 	Title:   Managing Member	 	 
	 
	 	 	 	 
	FIRST PHYSICIANS REALTY GROUP, LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ David Hirschhorn	 	 
	 

	 	 

Name: David Hirschhorn
	 	 
	 

	 	Title:   Manager	 	 

 

6

 

EXHIBIT “A”

LOAN AMORTIZATION SCHEDULE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total Interest	 	 	New Payoff	 
	Period	 	Payment	 	 	Principal	 	 	Interest	 	 	Paid	 	 	Amount	 
	1
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	2
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	3
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	4
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	5
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	6
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	7
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	8
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	9
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	10
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	11
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	12
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	13
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	14
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	15
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	16
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	17
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	18
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	19
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	20
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	21
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	22
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	23
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	24
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	25
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	26
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	27
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	28
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	29
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	30
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	31
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	32
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	33
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	34
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	35
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	36
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	37
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	38
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	39
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	40
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	41
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	42
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	43
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	44
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	45
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	46
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	47
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	48
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	49
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	50
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	51
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	52
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	53
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	54
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	55
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	56
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	57
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	58
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	59
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 
	60
	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	1,500,000	 

 

7

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total Interest	 	 	New Payoff	 
	Period	 	Payment	 	 	Principal	 	 	Interest	 	 	Paid	 	 	Amount	 
	61
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	6,250	 	 	$	1,500,000	 
	62
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	12,500	 	 	$	1,500,000	 
	63
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	18,750	 	 	$	1,500,000	 
	64
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	25,000	 	 	$	1,500,000	 
	65
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	31,250	 	 	$	1,500,000	 
	66
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	37,500	 	 	$	1,500,000	 
	67
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	43,750	 	 	$	1,500,000	 
	68
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	50,000	 	 	$	1,500,000	 
	69
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	56,250	 	 	$	1,500,000	 
	70
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	62,500	 	 	$	1,500,000	 
	71
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	68,750	 	 	$	1,500,000	 
	72
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	75,000	 	 	$	1,500,000	 
	73
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	81,250	 	 	$	1,500,000	 
	74
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	87,500	 	 	$	1,500,000	 
	75
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	93,750	 	 	$	1,500,000	 
	76
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	100,000	 	 	$	1,500,000	 
	77
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	106,250	 	 	$	1,500,000	 
	78
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	112,500	 	 	$	1,500,000	 
	79
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	118,750	 	 	$	1,500,000	 
	80
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	125,000	 	 	$	1,500,000	 
	81
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	131,250	 	 	$	1,500,000	 
	82
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	137,500	 	 	$	1,500,000	 
	83
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	143,750	 	 	$	1,500,000	 
	84
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	150,000	 	 	$	1,500,000	 
	85
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	156,250	 	 	$	1,500,000	 
	86
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	162,500	 	 	$	1,500,000	 
	87
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	168,750	 	 	$	1,500,000	 
	88
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	175,000	 	 	$	1,500,000	 
	89
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	181,250	 	 	$	1,500,000	 
	90
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	187,500	 	 	$	1,500,000	 
	91
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	193,750	 	 	$	1,500,000	 
	92
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	200,000	 	 	$	1,500,000	 
	93
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	206,250	 	 	$	1,500,000	 
	94
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	212,500	 	 	$	1,500,000	 
	95
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	218,750	 	 	$	1,500,000	 
	96
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	225,000	 	 	$	1,500,000	 
	97
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	231,250	 	 	$	1,500,000	 
	98
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	237,500	 	 	$	1,500,000	 
	99
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	243,750	 	 	$	1,500,000	 
	100
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	250,000	 	 	$	1,500,000	 
	101
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	256,250	 	 	$	1,500,000	 
	102
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	262,500	 	 	$	1,500,000	 
	103
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	268,750	 	 	$	1,500,000	 
	104
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	275,000	 	 	$	1,500,000	 
	105
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	281,250	 	 	$	1,500,000	 
	106
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	287,500	 	 	$	1,500,000	 
	107
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	293,750	 	 	$	1,500,000	 
	108
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	300,000	 	 	$	1,500,000	 
	109
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	306,250	 	 	$	1,500,000	 
	110
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	312,500	 	 	$	1,500,000	 
	111
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	318,750	 	 	$	1,500,000	 
	112
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	325,000	 	 	$	1,500,000	 
	113
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	331,250	 	 	$	1,500,000	 
	114
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	337,500	 	 	$	1,500,000	 
	115
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	343,750	 	 	$	1,500,000	 
	116
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	350,000	 	 	$	1,500,000	 
	117
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	356,250	 	 	$	1,500,000	 
	118
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	362,500	 	 	$	1,500,000	 
	119
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	368,750	 	 	$	1,500,000	 
	120
	 	$	—	 	 	$	—	 	 	$	6,250	 	 	$	375,000	 	 	$	1,500,000	 
	121
	 	$	18,698	 	 	$	12,500	 	 	$	6,198	 	 	$	381,198	 	 	$	1,487,500	 

 

8

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total Interest	 	 	New Payoff	 
	Period	 	Payment	 	 	Principal	 	 	Interest	 	 	Paid	 	 	Amount	 
	122
	 	$	18,646	 	 	$	12,500	 	 	$	6,146	 	 	$	387,344	 	 	$	1,475,000	 
	123
	 	$	18,594	 	 	$	12,500	 	 	$	6,094	 	 	$	393,438	 	 	$	1,462,500	 
	124
	 	$	18,542	 	 	$	12,500	 	 	$	6,042	 	 	$	399,479	 	 	$	1,450,000	 
	125
	 	$	18,490	 	 	$	12,500	 	 	$	5,990	 	 	$	405,469	 	 	$	1,437,500	 
	126
	 	$	18,438	 	 	$	12,500	 	 	$	5,938	 	 	$	411,406	 	 	$	1,425,000	 
	127
	 	$	18,385	 	 	$	12,500	 	 	$	5,885	 	 	$	417,292	 	 	$	1,412,500	 
	128
	 	$	18,333	 	 	$	12,500	 	 	$	5,833	 	 	$	423,125	 	 	$	1,400,000	 
	129
	 	$	18,281	 	 	$	12,500	 	 	$	5,781	 	 	$	428,906	 	 	$	1,387,500	 
	130
	 	$	18,229	 	 	$	12,500	 	 	$	5,729	 	 	$	434,635	 	 	$	1,375,000	 
	131
	 	$	18,177	 	 	$	12,500	 	 	$	5,677	 	 	$	440,313	 	 	$	1,362,500	 
	132
	 	$	18,125	 	 	$	12,500	 	 	$	5,625	 	 	$	445,938	 	 	$	1,350,000	 
	133
	 	$	18,073	 	 	$	12,500	 	 	$	5,573	 	 	$	451,510	 	 	$	1,337,500	 
	134
	 	$	18,021	 	 	$	12,500	 	 	$	5,521	 	 	$	457,031	 	 	$	1,325,000	 
	135
	 	$	17.969	 	 	$	12,500	 	 	$	5,469	 	 	$	462,500	 	 	$	1,312,500	 
	136
	 	$	17,917	 	 	$	12,500	 	 	$	5,417	 	 	$	467,917	 	 	$	1,300,000	 
	137
	 	$	17,865	 	 	$	12,500	 	 	$	5,365	 	 	$	473,281	 	 	$	1,287,500	 
	138
	 	$	17,813	 	 	$	12,500	 	 	$	5,313	 	 	$	478,594	 	 	$	1,275,000	 
	139
	 	$	17,760	 	 	$	12,500	 	 	$	5,260	 	 	$	483,854	 	 	$	1,262,500	 
	140
	 	$	17,708	 	 	$	12,500	 	 	$	5,208	 	 	$	489,063	 	 	$	1,250,000	 
	141
	 	$	17,656	 	 	$	12,500	 	 	$	5,156	 	 	$	494,219	 	 	$	1,237,500	 
	142
	 	$	17,604	 	 	$	12,500	 	 	$	5,104	 	 	$	499,323	 	 	$	1,225,000	 
	143
	 	$	17,552	 	 	$	12,500	 	 	$	5,052	 	 	$	504,375	 	 	$	1,212,500	 
	144
	 	$	17,500	 	 	$	12,500	 	 	$	5,000	 	 	$	509,375	 	 	$	1,200,000	 
	145
	 	$	17,448	 	 	$	12,500	 	 	$	4,948	 	 	$	514,323	 	 	$	1,187,500	 
	146
	 	$	17,396	 	 	$	12,500	 	 	$	4,896	 	 	$	519,219	 	 	$	1,175,000	 
	147
	 	$	17,344	 	 	$	12,500	 	 	$	4,844	 	 	$	524,063	 	 	$	1,162,500	 
	148
	 	$	17,292	 	 	$	12,500	 	 	$	4,792	 	 	$	528,854	 	 	$	1,150,000	 
	149
	 	$	17,240	 	 	$	12,500	 	 	$	4,740	 	 	$	533,594	 	 	$	1,137,500	 
	150
	 	$	17,188	 	 	$	12,500	 	 	$	4,688	 	 	$	538,281	 	 	$	1,125,000	 
	151
	 	$	17,135	 	 	$	12,500	 	 	$	4,635	 	 	$	542,917	 	 	$	1,112,500	 
	152
	 	$	17,083	 	 	$	12,500	 	 	$	4,583	 	 	$	547,500	 	 	$	1,100,000	 
	153
	 	$	17,031	 	 	$	12,500	 	 	$	4,531	 	 	$	552,031	 	 	$	1,087,500	 
	154
	 	$	16,979	 	 	$	12,500	 	 	$	4,479	 	 	$	556,510	 	 	$	1,075,000	 
	155
	 	$	16,927	 	 	$	12,500	 	 	$	4,427	 	 	$	560,938	 	 	$	1,062,500	 
	156
	 	$	16,875	 	 	$	12,500	 	 	$	4,375	 	 	$	565,313	 	 	$	1,050,000	 
	157
	 	$	16,823	 	 	$	12,500	 	 	$	4,323	 	 	$	569,635	 	 	$	1,037,500	 
	158
	 	$	16,771	 	 	$	12,500	 	 	$	4,271	 	 	$	573,906	 	 	$	1,025,000	 
	159
	 	$	16,719	 	 	$	12,500	 	 	$	4,219	 	 	$	578,125	 	 	$	1,012,500	 
	160
	 	$	16,667	 	 	$	12,500	 	 	$	4,167	 	 	$	582,292	 	 	$	1,000,000	 
	161
	 	$	16,615	 	 	$	12,500	 	 	$	4,115	 	 	$	586,406	 	 	$	987,500	 
	162
	 	$	16,563	 	 	$	12,500	 	 	$	4,063	 	 	$	590,469	 	 	$	975,000	 
	163
	 	$	16,510	 	 	$	12,500	 	 	$	4,010	 	 	$	594,479	 	 	$	962,500	 
	164
	 	$	16,458	 	 	$	12,500	 	 	$	3,958	 	 	$	598,438	 	 	$	950,000	 
	165
	 	$	16,406	 	 	$	12,500	 	 	$	3,906	 	 	$	602,344	 	 	$	937,500	 
	166
	 	$	16,354	 	 	$	12,500	 	 	$	3,854	 	 	$	606,198	 	 	$	925,000	 
	167
	 	$	16,302	 	 	$	12,500	 	 	$	3,802	 	 	$	610,000	 	 	$	912,500	 
	168
	 	$	16,250	 	 	$	12,500	 	 	$	3,750	 	 	$	613,750	 	 	$	900,000	 
	169
	 	$	16,198	 	 	$	12,500	 	 	$	3,698	 	 	$	617,448	 	 	$	887,500	 
	170
	 	$	16,146	 	 	$	12,500	 	 	$	3,646	 	 	$	621,094	 	 	$	875,000	 
	171
	 	$	16,094	 	 	$	12,500	 	 	$	3,594	 	 	$	624,688	 	 	$	862,500	 
	172
	 	$	16,042	 	 	$	12,500	 	 	$	3,542	 	 	$	628,229	 	 	$	850,000	 
	173
	 	$	15,990	 	 	$	12,500	 	 	$	3,490	 	 	$	631,719	 	 	$	837,500	 
	174
	 	$	15,938	 	 	$	12,500	 	 	$	3,438	 	 	$	635,156	 	 	$	825,000	 
	175
	 	$	15,885	 	 	$	12,500	 	 	$	3,385	 	 	$	638,542	 	 	$	812,500	 
	176
	 	$	15,833	 	 	$	12,500	 	 	$	3,333	 	 	$	641,875	 	 	$	800,000	 
	177
	 	$	15,781	 	 	$	12,500	 	 	$	3,281	 	 	$	645,156	 	 	$	787,500	 
	178
	 	$	15,729	 	 	$	12,500	 	 	$	3,229	 	 	$	648,385	 	 	$	775,000	 
	179
	 	$	15,677	 	 	$	12,500	 	 	$	3,177	 	 	$	651,563	 	 	$	762,500	 
	180
	 	$	15,625	 	 	$	12,500	 	 	$	3,125	 	 	$	654,688	 	 	$	750,000	 
	181
	 	$	15,573	 	 	$	12,500	 	 	$	3,073	 	 	$	657,760	 	 	$	737,500	 

 

9

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total Interest	 	 	New Payoff	 
	Period	 	Payment	 	 	Principal	 	 	Interest	 	 	Paid	 	 	Amount	 
	182
	 	$	15,521	 	 	$	12,500	 	 	$	3,021	 	 	$	660,781	 	 	$	725,000	 
	183
	 	$	15,469	 	 	$	12,500	 	 	$	2,969	 	 	$	663,750	 	 	$	712,500	 
	184
	 	$	15,417	 	 	$	12,500	 	 	$	2,917	 	 	$	666,667	 	 	$	700,000	 
	185
	 	$	15,365	 	 	$	12,500	 	 	$	2,865	 	 	$	669,531	 	 	$	687,500	 
	186
	 	$	15,313	 	 	$	12,500	 	 	$	2,813	 	 	$	672,344	 	 	$	675,000	 
	187
	 	$	15,260	 	 	$	12,500	 	 	$	2,760	 	 	$	675,104	 	 	$	662,500	 
	188
	 	$	15,208	 	 	$	12,500	 	 	$	2,708	 	 	$	677,813	 	 	$	650,000	 
	189
	 	$	15,156	 	 	$	12,500	 	 	$	2,656	 	 	$	680,469	 	 	$	637,500	 
	190
	 	$	15,104	 	 	$	12,500	 	 	$	2,604	 	 	$	683,073	 	 	$	625,000	 
	191
	 	$	15,052	 	 	$	12,500	 	 	$	2,552	 	 	$	685,625	 	 	$	612,500	 
	192
	 	$	15,000	 	 	$	12,500	 	 	$	2,500	 	 	$	688,125	 	 	$	600,000	 
	193
	 	$	14,948	 	 	$	12,500	 	 	$	2,448	 	 	$	690,573	 	 	$	587,500	 
	194
	 	$	14,896	 	 	$	12,500	 	 	$	2,396	 	 	$	692,969	 	 	$	575,000	 
	195
	 	$	14,844	 	 	$	12,500	 	 	$	2,344	 	 	$	695,313	 	 	$	562,500	 
	196
	 	$	14,792	 	 	$	12,500	 	 	$	2,292	 	 	$	697,604	 	 	$	550,000	 
	197
	 	$	14,740	 	 	$	12,500	 	 	$	2,240	 	 	$	699,844	 	 	$	537,500	 
	198
	 	$	14,688	 	 	$	12,500	 	 	$	2,188	 	 	$	702,031	 	 	$	525,000	 
	199
	 	$	14,635	 	 	$	12,500	 	 	$	2,135	 	 	$	704,167	 	 	$	512,500	 
	200
	 	$	14,583	 	 	$	12,500	 	 	$	2,083	 	 	$	706,250	 	 	$	500,000	 
	201
	 	$	14,531	 	 	$	12,500	 	 	$	2,031	 	 	$	708,281	 	 	$	487,500	 
	202
	 	$	14,479	 	 	$	12,500	 	 	$	1,979	 	 	$	710,260	 	 	$	475,000	 
	203
	 	$	14,427	 	 	$	12,500	 	 	$	1,927	 	 	$	712,188	 	 	$	462,500	 
	204
	 	$	14,375	 	 	$	12,500	 	 	$	1,875	 	 	$	714,063	 	 	$	450,000	 
	205
	 	$	14,323	 	 	$	12,500	 	 	$	1,823	 	 	$	715,885	 	 	$	437,500	 
	206
	 	$	14,271	 	 	$	12,500	 	 	$	1,771	 	 	$	717,656	 	 	$	425,000	 
	207
	 	$	14,219	 	 	$	12,500	 	 	$	1,719	 	 	$	719,375	 	 	$	412,500	 
	208
	 	$	14,167	 	 	$	12,500	 	 	$	1,667	 	 	$	721,042	 	 	$	400,000	 
	209
	 	$	14,115	 	 	$	12,500	 	 	$	1,615	 	 	$	722,656	 	 	$	387,500	 
	210
	 	$	14,063	 	 	$	12,500	 	 	$	1,563	 	 	$	724,219	 	 	$	375,000	 
	211
	 	$	14,010	 	 	$	12,500	 	 	$	1,510	 	 	$	725,729	 	 	$	362,500	 
	212
	 	$	13,958	 	 	$	12,500	 	 	$	1,458	 	 	$	727,188	 	 	$	350,000	 
	213
	 	$	13,906	 	 	$	12,500	 	 	$	1,406	 	 	$	728,594	 	 	$	337,500	 
	214
	 	$	13,854	 	 	$	12,500	 	 	$	1,354	 	 	$	729,948	 	 	$	325,000	 
	215
	 	$	13,802	 	 	$	12,500	 	 	$	1,302	 	 	$	731,250	 	 	$	312,500	 
	216
	 	$	13,750	 	 	$	12,500	 	 	$	1,250	 	 	$	732,500	 	 	$	300,000	 
	217
	 	$	13,698	 	 	$	12,500	 	 	$	1,198	 	 	$	733,698	 	 	$	287,500	 
	218
	 	$	13,646	 	 	$	12,500	 	 	$	1,146	 	 	$	734,844	 	 	$	275,000	 
	219
	 	$	13,594	 	 	$	12,500	 	 	$	1,094	 	 	$	735,938	 	 	$	262,500	 
	220
	 	$	13,542	 	 	$	12,500	 	 	$	1,042	 	 	$	736,979	 	 	$	250,000	 
	221
	 	$	13,490	 	 	$	12,500	 	 	$	990	 	 	$	737,969	 	 	$	237,500	 
	222
	 	$	13,438	 	 	$	12,500	 	 	$	938	 	 	$	738,906	 	 	$	225,000	 
	223
	 	$	13,385	 	 	$	12,500	 	 	$	885	 	 	$	739,792	 	 	$	212,500	 
	224
	 	$	13,333	 	 	$	12,500	 	 	$	833	 	 	$	740,625	 	 	$	200,000	 
	225
	 	$	13,281	 	 	$	12,500	 	 	$	781	 	 	$	741,406	 	 	$	187,500	 
	226
	 	$	13,229	 	 	$	12,500	 	 	$	729	 	 	$	742,135	 	 	$	175,000	 
	227
	 	$	13,177	 	 	$	12,500	 	 	$	677	 	 	$	742,813	 	 	$	162,500	 
	228
	 	$	13,125	 	 	$	12,500	 	 	$	625	 	 	$	743,438	 	 	$	150,000	 
	229
	 	$	13,073	 	 	$	12,500	 	 	$	573	 	 	$	744,010	 	 	$	137,500	 
	230
	 	$	13,021	 	 	$	12,500	 	 	$	521	 	 	$	744,531	 	 	$	125,000	 
	231
	 	$	12,969	 	 	$	12,500	 	 	$	469	 	 	$	745,000	 	 	$	112,500	 
	232
	 	$	12,917	 	 	$	12,500	 	 	$	417	 	 	$	745,417	 	 	$	100,000	 
	233
	 	$	12,865	 	 	$	12,500	 	 	$	365	 	 	$	745,781	 	 	$	87,500	 
	234
	 	$	12,813	 	 	$	12,500	 	 	$	313	 	 	$	746,094	 	 	$	75,000	 
	235
	 	$	12,760	 	 	$	12,500	 	 	$	260	 	 	$	746,354	 	 	$	62,500	 
	236
	 	$	12,708	 	 	$	12,500	 	 	$	208	 	 	$	746,563	 	 	$	50,000	 
	237
	 	$	12,656	 	 	$	12,500	 	 	$	156	 	 	$	746,719	 	 	$	37,500	 
	238
	 	$	12,604	 	 	$	12,500	 	 	$	104	 	 	$	746,823	 	 	$	25,000	 
	239
	 	$	12,552	 	 	$	12,500	 	 	$	52	 	 	$	746,875	 	 	$	12,500	 
	240
	 	$	12,500	 	 	$	12,500	 	 	$	—	 	 	$	746,875	 	 	$	—	 

 

10

 

EXHIBIT “C”

Lease

 

11

 

LEASE

BY AND BETWEEN

Southern Plains Associates, LLC, an Oklahoma limited liability company

(“Landlord”)

and

Southern Plains Medical Center, Inc., an Oklahoma corporation

And RHA Anadarko, LLC, an Oklahoma Limited Liability Company

(Jointly referred to herein as “Tenant”)

 

12

 

LEASE

This Lease (“Lease”) is made and entered into this 16th day of December,
2009, between Southern Plains Associates, LLC, an Oklahoma limited liability company (hereafter
called “Landlord”) and Southern Plains Medical Center, Inc., an Oklahoma Corporation, and RHA
Anadarko, LLC, an Oklahoma limited liability company (hereafter jointly referred to as “Tenant”).
This Lease will be executed simultaneously with the Real Property Purchase and Sale Agreement
between the parties.

 

13

 

WITNESSETH:

	1	 	Demise, Exhibits and Construction of Tenant Improvements.

	 	1.1	 	Landlord does hereby demise and lease to Tenant the land legally described and depicted
on Exhibit A attached hereto and made a part hereof (the “Land”) and the building (the
“Building”). The Land and the Building are collectively herein referred to as the “Demised
Premises”. Landlord hereby leases the Demised Premises to Tenant, and hereby grants to
Tenant its guests, invitees and licensees all Landlord’s easements, rights and privileges
appurtenant thereto, including the right to use all of the parking areas, driveways, roads,
alleys, means of ingress and egress and other portions of the Demised Premises, all in
accordance with the terms, conditions and covenants contained in this Lease.

	 	1.2	 	Exhibits. The exhibits listed below and attached to this Lease are
incorporated herein by reference:

	 	 	 
	EXHIBIT “A”

	 	Legal Description of the Land
	EXHIBIT “B”

	 	Base Rent
	EXHIBIT “C”

	 	[Omitted]
	EXHIBIT “D”

	 	Commencement Agreement

	2	 	Term and Use.

	 	2.1	 	Term Commencement Date. The Primary Term of this Lease shall begin on the
_13th
 _____ 
day of January, 2010 (the “Commencement Date”) and shall end at midnight on
the last day of the twentieth (20th) Lease Year following the Commencement Date
(the “Primary Term”). For purposes of this Lease, a “Lease Year” shall be defined as that
twelve (12) month period during the Primary Term, or any Renewal Term, commencing on the
Commencement Date or the annual anniversary thereof, as may be applicable; provided,
however, that if the Commencement Date is a day other than the first day of a calendar
month, then the first Lease Year shall include that period of time from the Commencement
Date up to the first day of the next calendar month, and any subsequent Lease Year shall be
the twelve (12) month period beginning on the annual anniversary thereof. For purposes of
this Lease, a “Lease Month” shall be defined as those successive calendar month periods
beginning with the Commencement Date and continuing through the Primary Term or any Renewal
Term of this Lease; provided, however, if the Commencement Date is a day other than the
first day of a calendar month, then the first Lease Month shall include that period of time
from the Commencement Date up to the first day of the next calendar month, and each
subsequent Lease Month shall be a calendar month period beginning on the first day of such
month.

	 	2.2	 	Renewal Term. Unless Tenant gives Landlord notice that it does not elect to
extend the term of this Lease not later than one hundred eighty (180) days prior to
expiration of the Primary Term or the then-current Renewal Term, as applicable, this Lease
shall automatically extend for an additional term of ten (10) years on the same terms and
conditions as provided herein except that the Base Rent (as hereinafter defined) for any
such Renewal Term shall be as shown on Exhibit B hereto. Any reference in this Lease to
“Term” shall refer to the Primary Term and any such Renewal Term.

 

14

 

	 	2.3	 	Commencement Agreement. Within ten (10) days of the Commencement Date,
Landlord and Tenant shall enter into a supplemental agreement specifying the actual date
for the expiration of the Primary Term in accordance with the form attached hereto as
Exhibit D.

	 	2.4	 	Use. The Demised Premises may be used and occupied by Tenant for the following
purposes: medical offices and treatment facilities for the practice of medicine and related
healthcare practices, physical therapy, radiology, and any other use allowed by the zoning
on said Land. Tenant agrees not to permit any illegal practice to be carried on or
committed on the Demised Premises.

	3	 	Rent.

	 	3.1	 	Base Rent. Commencing on the Commencement Date (the “Rent Commencement Date”),
Tenant shall pay to Landlord for the use and occupancy of the Demised Premises, minimum
monthly base rent in the amounts specified on Exhibit B hereto ”Base Rent”. The Monthly
Base Rent shall be paid in advance and shall be due on or before the first day of each
calendar month during the Term. In the event the Commencement Date falls on a date other
than the first day of a month then the Monthly Base Rent for such first month shall be
prorated accordingly. Base Rent is herein collectively referred to as “Rent”.

	4	 	Taxes. In addition to the Rent provided for herein, Tenant agrees to reimburse
Landlord as follows:

	 	4.1	 	Liability For Taxes. Tenant shall be responsible for all real property taxes,
general assessments, special assessments, license fees, and any other public charges
(hereinafter “Real Estate Taxes”) which may be levied, imposed, or assessed upon or against
the Demised Premises by any lawful authority for each calendar year or portion thereof,
during the Primary Term or any Renewal Term, commencing on the Commencement Date. The term
“Real Estate Taxes” as used herein shall mean only those installments of Real Estate Taxes
which are assessed for a period during the Term of this Lease. Said Real Estate Taxes are
to be prorated for any partial Lease Year occurring during the period in which the public
authority assesses Real Estate Taxes. To the extent the Demised Premises are part of a
larger tract, Tenant shall pay its prorata share (“Prorata Share”) of said Real Estate
Taxes. Such Prorata Share shall be determined as follows: the amount of such Real Estate
Taxes shall be multiplied by that percentage derived from dividing the total square footage
of the Land by the total square footage of the real property upon which such Real Estate
Taxes have been assessed.

	 	4.2	 	Payment of Taxes. Upon receipt by Landlord of any bill for such Real Estate
Taxes attributed to any calendar year during the Term hereof, Landlord shall furnish Tenant
with a written statement of the actual amount of such Real Estate Taxes or such Prorata
Share payable by Tenant (i.e.reflecting a proration) together with a copy of such bills,
and Tenant shall pay such amount due and provide Landlord with written evidence of such
payment within thirty (30) days of such statement, but in no event later than the date said
Real Estate Taxes are due the taxing authority. Landlord’s and Tenant’s obligations under
this Section shall survive the expiration of the Term of this Lease. No Real Estate
Taxes referred to in this Section shall be considered as taxes under the provisions of
Section 10 hereof.

 

15

 

	 	4.3	 	Contest Of Tax Valuation. Landlord shall promptly send to Tenant copies of all
assessment valuations and revaluations received from the taxing authority. Tenant may,
upon the receipt of prior written approval of Landlord, such approval not to be
unreasonably withheld, contest any Real Estate Taxes against the Demised Premises and
attempt to obtain a reduction in the assessed valuation of the Demised Premises for the
purpose of reducing any such tax assessment. In the event Landlord approves and upon the
request of Tenant, but without expense or liability to Landlord, Landlord shall cooperate
with Tenant and execute any document which may be reasonably necessary and proper for any
proceeding related to obtaining such a reduction. In the event Landlord desires to contest
any Real Estate Taxes, Tenant agrees to cooperate with Landlord and execute any document
which may be reasonably necessary and proper for any such proceeding at no cost to Tenant.

	 	4.4	 	Liens For Taxes. Tenant shall take all reasonable actions necessary to ensure
that a lien does not attach to the Demised Premises for any Real Estate Taxes, or if one
does attach by operation of law, that such lien shall be promptly extinguished before such
time as the taxing authority benefiting by such lien may enforce it against the Demised
Premises. Tenant shall indemnify and hold harmless Landlord, its successors and assigns
from any and all claims, damages, fines, judgments, penalties, costs, liabilities or losses
(including attorney’s fees) arising from or resulting from the attachment of any such lien
against the Demised Premises.

	5	 	Landlord Warranties and Covenants. In addition to the other warranties,
representations and covenants of Landlord in this Lease, Landlord warrants, represents and
covenants to Tenant as follows:

	 	5.1	 	That the Building and all of the Permitted Uses are and as of the Commencement Date
shall be in compliance with all applicable zoning and land use laws.

	 	5.2	 	That as of the Commencement Date, or earlier, Landlord shall be the fee simple owner
and record title holder of the surface of the Demised Premises.

	 	5.3	 	That Landlord has not received any notice and does not have any knowledge of any
eminent domain or similar proceeding, which would affect all or any portion of the Land or
the Demised Premises.

	 
	 	5.4	 	That Landlord has the full right, power and authority to make this Lease.

	 	5.5	 	That no restrictive covenant, easement, lease or other written agreement restricts,
prohibits or otherwise affects Tenant’s rights set forth in this Lease.

	 	5.6	 	That Tenant, or any permitted assignee or sublessee of Tenant, upon the payment of the
Rent and other required payments under this Lease and performance of the covenants
hereunder, shall and may peaceably and quietly have, hold and enjoy the Demised Premises
and improvements thereon during the Term or any renewal or extension thereof, pursuant to
the provisions hereof.

	 	5.7	 	That prior to the execution hereof, Landlord has provided Tenant with true copies of
its most recent report on title together with true and legible copies of all exception
documents

	6	 	Landlord’s Repairs and Maintenance. Except as otherwise set forth in this Lease,
Landlord and Tenant agree that Landlord shall have no obligations with respect to repairs and
maintenance of the Demised Premises whatsoever.

 

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	7	 	Environmental Matters.

	 	7.1	 	Landlord represents and warrants that there are no hazardous or toxic substances (as
defined by any applicable government authority and hereafter being referred to as
“Hazardous Materials”) located on or within the Land and there shall be none as of
Commencement Date on or within the Land, the Building and the Demised Premises.

	 	7.2	 	Landlord represents and warrants that while the Demised Premises have been owned or
under Landlord’s custody and control, and that any handling, transportation, storage,
treatment or usage of Hazardous Materials that has occurred on the Demised Premises was in
compliance with all applicable federal, state and local laws, regulations and ordinances.
Landlord further represents and warrants that during such period no leak, spill, discharge,
emission or disposal of Hazardous Materials has occurred on the Demised Premises.

	 	7.3	 	Landlord shall deliver to Tenant on or before the Commencement Date a current Phase I
Report satisfactory to Tenant showing that the Land, the Building and Demised Premises are
in full compliance with the warranties set forth in this Section.

	8	 	Alterations. Except as expressly provided in this Lease or any Exhibits hereto,
Tenant shall not make any exterior or structural alterations to or additions in any portion of
the Demised Premises, nor any alterations to the storefront or the exterior of the Demised
Premises without, in each instance, first obtaining the written consent of Landlord, which
shall not be unreasonably withheld, delayed or conditioned. All such alterations to or
additions in any portion of the Demised Premises permitted by Landlord under this Section
shall remain upon and be surrendered with the Demised Premises and become the property of
Landlord at the expiration or earlier termination of this Lease, unless Landlord requests
their removal, in which event Tenant shall, at Tenant’s expense, remove the same and restore
the Demised Premises to their original condition existing prior to such alterations or
additions.

	 
	9	 	Fixtures And Personal Property.

	 	9.1	 	Tenant’s Property. Any trade fixtures, business equipment, inventory,
trademarked items, signs, counters, shelving, showcases, mirrors and other personal
property installed in or on the Demised Premises by Tenant at its expense and any
intangible property of Tenant (“Tenant’s Property”) are and at all times shall remain the
property of the Tenant; and Landlord shall not have or at any time claim any right, title,
lien, security interest or other interest of any kind or nature therein. Landlord agrees
that Tenant shall have the right, at any time or from time to time prior to the expiration
or earlier termination of this Lease, to remove any and all of Tenant’s Property. Tenant
at its expense shall immediately repair any damage occasioned by the removal of Tenant’s
Property, and upon expiration or earlier termination of this Lease, shall leave the Demised
Premises in a neat and clean condition, free of debris, normal wear and tear, casualty loss
for which there is insurance reimbursement payable, repairs for which Landlord is
responsible hereunder and any loss due to condemnation excepted.

	 
	 	9.2	 	Personal Property Taxes. Tenant shall pay before delinquency all taxes,
assessments, license fees and public charges levied, assessed or imposed upon its business
operation in the Demised Premises as well as upon Tenant’s Property.

 

17

 

	10	 	Liens. Neither Landlord nor Tenant shall permit to be created nor to remain
undischarged any lien or encumbrance against the Demised Premises arising out of the work of
any contractor, mechanic, laborer or materialman contracted for by Tenant or Landlord. If any
lien or notice of lien on account of an alleged debt of Tenant or Landlord or any notice of
contract by a party engaged by Landlord or Tenant or Landlord’s or Tenant’s contractor to work
in the Demised Premises shall be filed against the Demised Premises, Landlord or Tenant shall,
within sixty (60) days after notice of the filing thereof, cause the same to be discharged of
record by payment, deposit or bond.

	11	 	Laws And Ordinances. Except as otherwise set forth in this Lease, Tenant agrees, at
its sole cost and expense, to comply with all laws, ordinances, orders and regulations
regarding Tenant’s operation of the Demised Premises and its business therein.

	 
	12	 	Utility Services.

	 	12.1	 	Utility Facilities. Landlord warrants that as of the Commencement Date,
water, sewer, gas, electricity and telephone and Internet facilities shall be available at
and to the Demised Premises.

	 	12.2	 	Payment For Utility. Tenant shall be solely responsible to arrange for and
shall promptly pay all charges for the use and consumption of sewer, gas, electricity,
water, telephone and all other utility services used within the Demised Premises during the
Term of this Lease.

	13	 	Tenant Repairs And Maintenance. Except as otherwise set forth in this Lease, Tenant
shall have the obligation, to perform or cause to be performed all maintenance, repair and
replacements necessary to keep or put all of the Demised Premises in good condition and
repair, reasonable wear and tear excepted. Tenant shall, at all times during the Term of this
Lease and at surrender of the Demised Premises, keep or put the Demised Premises in a clean,
tenantable condition, reasonable wear and tear excepted. Within thirty (30) days after Tenant
has received written notice from Landlord specifying the nature of any maintenance, repairs or
replacements necessary, Tenant, to the extent required by this Lease, shall complete such
repairs or maintenance or diligently and continuously work towards completion thereof.

	 
	14	 	Damage To Demised Premises.

	 	14.1	 	Repair. In the event the Building or the Demised Premises or any portion
thereof is damaged or destroyed or rendered partially untenantable for their intended use
by fire or other casualty insured under the coverage which Tenant is obligated to carry
pursuant to Section 16, such insurance proceeds for the Demised Premises, not including
proceeds for Tenant’s Property, shall be immediately assigned to Landlord and Landlord
shall, within forty five (45) days after such casualty, commence and diligently proceed to
repair said Building and restore the Demised Premises to substantially the same condition
in which it was immediately prior to the occurrence of the casualty and any alterations,
additions and Tenant’s Property installed by Tenant after the Commencement Date of this
Lease. From the date of such casualty until Landlord’s repairs are substantially complete,
Rent and all other charges and items payable hereunder shall abate in such proportion as the
part of the Demised Premises thus destroyed or rendered untenantable bears to the total
Demised Premises. From the date of such casualty until Landlord’s repairs are substantially
complete, Rent and all other charges and items payable hereunder shall fully abate if Tenant
is unable to reasonably operate the Demised Premises for the purposes permitted by this
Lease.

 

18

 

	 	14.2	 	Repairs During Last Year. In the event that fifty percent (50%) or more of the
Building is destroyed or rendered untenantable by fire or other casualty during the last
year of the Primary Term or the last year of any Renewal Term of this Lease, then Landlord
or Tenant shall have right to terminate this Lease, effective as of the date of the
casualty, by giving one to the other, within thirty (30) days of such casualty, written
notice of termination.

	15	 	Insurance.

	 	15.1	 	Landlord’s Property Insurance. During the Term of this Lease, Tenant shall
carry and maintain in full force a policy or policies of standard form all risk property
insurance (hereafter, “Landlord’s Property Insurance”) covering fire and extended coverage,
vandalism and malicious mischief, sprinkler leakage and other similar perils of direct
physical loss or damage, issued by one or more insurance carriers licensed to do business
in the state in which the Demised Premises are located insuring the Building and all
appurtenances thereto (excluding Tenant’s Property) for the full replacement value thereof
as of the date of loss or damage, having a specific limit of not less than (a) $6.0
million during the first year of the Lease Term, and thereafter, and (b) an amount as may
be, from time to time, reasonably agreed to between Landlord and Tenant during the
remainder of the Lease Term. Tenant shall arrange to have Landlord named as the Loss Payee
on the Landlord’s Property Insurance.

	 	15.2	 	Liability Insurance. Tenant agrees to carry general liability insurance on the
Demised Premises during the Term hereof naming Landlord as an additional insured, with
companies reasonably satisfactory to Landlord and giving Landlord and Tenant a minimum of
thirty (30) days written notice by the insurance company prior to cancellation, termination
or change in coverage in such insurance. Such insurance shall have a coverage of not less
than One Million Dollars ($1,000,000.00) combined Bodily Injury and Property Damage
Liability including General Aggregate, Products- Completed Operations Aggregate, Each
Occurrence, Personal & Advertising Injury, and Fire Damage.

	 	15.3	 	Tenant’s Property Insurance. Tenant agrees to carry all risk property
insurance covering, fire and extended coverage, vandalism and malicious mischief, sprinkler
leakage and all other perils of direct physical loss or damage, including glass breakage,
for at least eighty percent (80%) of the replacement value, and covering all of Tenant’s
Property located on or within the Demised Premises. Landlord agrees that it shall not have
any right, title or interest in and to Tenant’s property insurance, or any proceeds
therefrom.

 

19

 

	 	15.4	 	Insurance Certificates. Each insurance policy obtained by Tenant pursuant to
this Section 16 shall name Landlord as an additional insured and provide that at least
thirty (30) days prior written notice of policy cancellation, termination or change in
coverage shall be given by the insurance carrier to Landlord prior to any cancellation,
termination or change in coverage. Landlord and Tenant and all parties claiming under them
mutually release and discharge each other from all claims and liabilities arising from or
caused by any casualty or hazard, covered or required to be covered in whole or in part by
insurance on the Demised Premises or in connection with property on or activities conducted
on the Demised Premises, and waive any right of subrogation which might otherwise exist in
or accrue to any person on account thereof; provided however, that such release, discharge
or waiver shall be effective only if such release, discharge or waiver does not violate the
terms of any insurance policies covering the Demised Premises or adversely affect
Landlord’s or Tenant’s rights to collect thereunder. Tenant shall provide Landlord
certificate(s) of insurance from the insurance carrier(s) for each policy or policies of
insurance required of Tenant pursuant to this Section 16.

	16	 	Indemnification.

	 	16.1	 	Tenant Indemnification. Subject to Section 17.2, in addition to all other
indemnities provided in this Lease, Tenant hereby indemnifies and holds Landlord its
successors, assigns, members, managers, officers and employees harmless from and against
any and all claims, demands, liabilities, damages and expenses, including without
limitation attorneys’ fees, arising from Tenant’s use of the Demised Premises or from any
negligent or willful act or omission in or about the Demised Premises by Tenant or its
agents, employees, or contractors, or from any breach or default by Tenant of this Lease,
except to the extent caused by the breach of this Lease by Landlord, or by the negligence
or willful misconduct of Landlord, its agents, employees or contractors. In the event any
action or proceeding shall be brought against Landlord its successors, assigns, members,
managers, officers and employees by reason of any such indemnified claim, Tenant shall
defend the same at Tenant’s expense by counsel selected by Tenant and reasonably
satisfactory to Landlord.

	 	16.2	 	Landlord Indemnification. Subject to Section 17.1, Landlord hereby indemnifies
and holds Tenant harmless from and against any and all claims, demands, liabilities,
damages and expenses, including without limitation attorneys’ fees, arising from any breach
or default by Landlord of its warranties, representations, covenants or other obligations
under this Lease or from any negligent or willful act or omission of Landlord or any of its
agents, contractors or employees. In the event any action or proceeding shall be brought
against Tenant by reason of any such indemnified claim, Landlord shall defend the same at
Landlord’s expense by counsel selected by Landlord and reasonably satisfactory to Tenant.

	17	 	Assignment, Subletting And Ownership.

	 	17.1	 	Authorized Assignments. Tenant, without Landlord’s approval, shall have the
right to make a collateral assignment to a lender, and/or to sublet, assign or otherwise
transfer its interest in this Lease; provided however, Tenant shall not thereby be released
from liability under this Lease.

 

20

 

	 	17.2	 	Landlord Transfer. Subject to the purchase option contained in Section 37. of
this Lease, if, at any time during the Primary or any Renewal Term of this Lease, Landlord
shall desire to offer to sell the Demised Premises, or shall receive from a third party a
bona fide written or verbal offer to purchase the Demised Premises which Landlord desires
to accept, Landlord, before unconditionally making or accepting the offer (as the case may
be), shall send Tenant two (2) copies of a contract for the sale of the Demised Premises
embodying the terms of the offer, both copies of which have been duly executed by Landlord,
together with a written notification from Landlord of Landlord’s intention to make or
accept the offer embodied in the contract (as the case may be) if the offer is not accepted
by Tenant. Tenant shall have the right, within thirty (30) days of the receipt of the
contract and the written notice, to purchase the Demises Premises or such part thereof on
the terms and conditions set forth in such contract. In the event Tenant elects to accept
the offer embodied in the contract, Tenant must do so by executing one copy of the contract
and returning it to Landlord within said thirty (30) day period. In any event, the
purchase of the Demised Premises by Tenant shall close within thirty (30) days after the
date on which Tenant executed the contract. If Tenant does not accept the offer embodied
in the contract within the thirty (30) day period specified above, then the offer embodied
in the contract shall be deemed withdrawn from Tenant and Landlord shall be free to sell or
offer to sell the Demised Premises to third parties on terms not less favorable to Landlord
than those set forth in the contract free and clear of Tenant’s rights as set forth in this
Section 18. If Landlord does not sell and close, for any reason, under the contract on
which notice to Tenant was given within ninety (90) days of giving such notice, Tenant’s
rights as set forth in this Section 18 continue as to any new or additional offers to
purchase which are acceptable to Landlord. Subject to all of the terms, covenants and
conditions of this Lease and the Collateral Documents, Landlord shall have the right to
transfer, assign and convey, in whole or in part, any or all of the right, title and
interest to the Demised Premises, provided such transferee or assignee shall be bound by
the terms, covenants and agreements herein contained and shall expressly assume and agree
to perform the covenants and agreements of Landlord herein contained. In the event of any
such sale, assignment or other transfer, Landlord shall not be released from its
obligations under this Lease.

	 	17.2.1	 	Exercise of Purchase Option. Upon notice under Section 17.2., Tenant may
choose to exercise its purchase option under Section 37. of this Lease and the parties
shall proceed to close a purchase and sale under Section 37. instead of Section 17.2.

	18	 	Access To Demised Premises. Upon reasonable prior notice (except in the case of an
emergency), Landlord may enter the Demised Premises during Tenant’s business hours for
purposes of inspection, to show the Demised Premises to prospective purchasers, future tenants
and lenders or to perform any obligation imposed upon or to exercise any right granted to
Landlord by this Lease.

	 
	19	 	Defaults By Tenant.

	 	19.1	 	Tenant Default. The following events shall be deemed Events of Default by
Tenant under this Lease:

	 	19.1.1	 	Any failure by Tenant to pay Rent or make any other payment required of Tenant by
this Lease by the date due and such failure shall continue for a period of thirty (30)
days after receipt by Tenant of written notice that the same is then due and owing.

 

21

 

	 	19.1.2	 	If Tenant shall fail to comply with any other term, provision or covenant of this
Lease, other than the payment of Rent or other payments required hereunder, and shall
not cure such failure within thirty (30) days after receipt of written notice thereof
by Landlord, except that this thirty (30) day period shall be extended for a reasonable
period of time if the alleged event of default is not reasonably capable of cure within
said thirty (30) days and Tenant commences cure within such thirty (30) day period and
thereafter diligently continues its efforts to cure such default.

	 	19.1.3	 	If Tenant shall file or have filed against it a petition to be adjudged a bankrupt or
for reorganization under any applicable federal law relating to bankruptcy or
reorganization; provided, however, that no default shall occur if such petition in
bankruptcy is dismissed within sixty (60) days.

	 	19.2	 	Landlord’s Remedies. On the occurrence of any Event of Default of this Lease
by Tenant, Landlord may, at any time prior to cure or waiver, with or without notice or
demand and without limiting Landlord in the exercise of any right or remedy which Landlord
may have:

	 	19.2.1	 	Terminate Tenant’s right to possession of the Demised Premises and re-enter the
Demised Premises by any lawful means, in which case this Lease shall terminate. In
such case Tenant shall immediately surrender possession of the Demised Premises to
Landlord; or

	 	19.2.2	 	Maintain Tenant’s right to possession of the Demised Premises, in which case this
Lease shall continue in effect whether or not Tenant has abandoned the Demised
Premises. In such event, Landlord shall be entitled to enforce all Landlord’s rights
and remedies under this Lease, including the right to recover the Rent and other
payments required to be made hereunder as they become due, and Landlord shall have the
right, but not the obligation, to occupy or re-let the whole or any part of the Demised
Premises for the account of Tenant in order to mitigate damages; or

	 	19.2.3	 	Pursue any other remedy now or hereafter available to Landlord under the laws or
judicial decisions of the state in which the Demised Premises is located.

	 	19.2.4	 	If Landlord re-enters the Demised Premises under the provisions of section 20.2.2
hereof, Landlord shall not be deemed to have terminated this Lease, or the liability of
Tenant to pay any Rent or other charges that are due or thereafter accruing, or
Tenant’s liability for damages under any of the provisions hereof. In the event of any
entry or taking possession of the Demised Premises as aforesaid, Landlord shall have in
addition to its rights otherwise granted in this Section, shall have the right, but not
the obligation, to remove from the Demised Premises any personal property located
therein and to place it in storage at a public warehouse at the expense and risk of
Tenant.

	 	19.2.5	 	Landlord’s exercise of any right or remedy shall not prevent it from exercising any
other right or remedy.

	 	19.2.6	 	On the occurrence of any event of Default of this Lease by Tenant, that is uncured
pursuant to Section 19.1 hereof, then in that event the Promissory Note, attached
hereto and an integral part of this transaction between the Tenant and Landlord, shall
be null and void and Southern Plains Associates will have no further obligation to
Tenant for repayment or for interest under the terms of the Promissory Note.

 

22

 

	20	 	Defaults By Landlord. If Landlord should be in default in the performance of any of
its material obligations under this Lease, which default continues for a period of more than
thirty (30) days after receipt of written notice from Tenant specifying such default with
particularity, or if such default is of a nature to require more than thirty (30) days for
remedy and continues beyond the time reasonably necessary to cure (and Landlord has not
undertaken procedures to cure the default within such thirty (30) day period and diligently
pursued such efforts toward completion), Tenant, in addition to any other remedy available at
law or in equity at its option, may terminate this Lease.

	21	 	Eminent Domain.

	 	21.1	 	In the event that any portion of the Land or Building shall be appropriated or taken
under the power of eminent domain by any public or quasi-public authority to the extent
that Tenant cannot conduct its business in the remaining portion of the Building in
substantially the same manner as conducted prior to the taking, then at the election of
Tenant, this Lease shall terminate and expire as of the date of such taking, and both
Landlord and Tenant shall thereupon be released from any liability thereafter accruing
hereunder.

	 	21.2	 	Notice of any termination relating to such eminent domain proceeding must be made by
Tenant within sixty (60) days after receipt of written notice of such taking, unless, with
Landlord’s prior written consent, Tenant elects to contest such taking in which case the
aforestated notice period shall be extended until sixty (60) days from the final resolution
of such contestment. In the event of such termination, both Landlord and Tenant shall
thereupon be released from any liability thereafter accruing hereunder. If this Lease is
terminated as herein above provided, all items of Rent and other charges payable by Tenant
hereunder for the last month of Tenant’s occupancy shall be prorated, and Landlord agrees
to refund to Tenant any Rent or other charges paid in advance. If Tenant does not elect to
so terminate this Lease, Tenant shall remain in that portion of the Demised Premises which
shall not have been appropriated or taken as herein provided, and Landlord agrees, at
Landlord’s cost and expense, to, as soon as reasonably possible, restore the remaining
portion of the Demised Premises to a complete unit of like quality and character as existed
prior to such appropriation or taking, and thereafter all Rent and other payment
obligations of Tenant hereunder shall be adjusted on an equitable basis, taking into
account the relative value of the portion taken as compared to the portion remaining. For
the purpose of this Section, a voluntary sale or conveyance in lieu of condemnation, but
under threat of condemnation, shall be deemed an appropriation or taking under the power of
eminent domain. A separate award for damage to or for taking of respective interests of
the Landlord and the Tenant may be made for each of them, and each of them shall be
entitled to approve, receive and retain such awards as shall be made
to it. The termination of this Lease shall not affect the rights of the Landlord and Tenant
with respect to the separate awards under such eminent domain proceedings.

	22	 	Attorneys’ Fees. In the event either Landlord or Tenant shall institute any action
or proceeding against the other relating to the interpretation or enforcement of the
provisions of this Lease, or any default hereunder, the unsuccessful party in such action or
proceeding agrees to reimburse the successful party for the reasonable expenses of attorneys’
fees and paralegal fees and disbursements incurred therein by the successful party. Such
reimbursement shall include all legal expenses incurred prior to trial, at trial and at all
levels of appeal and post judgment proceedings including fees and costs incurred to collect
any judgment or enforce any claim.

 

23

 

	23	 	Notices. Notices and demands required, or permitted, to be sent to either party
shall be sent by certified mail, return receipt requested, postage prepaid, by hand delivery,
or by facsimile and shall be deemed to have been given upon the date the same is sent by
certified mail, on the date of hand delivery, or on the date sent by facsimile, but shall not
be deemed received until three (3) days following deposit in the United States Mail if sent by
certified mail (so long as the return receipt shows delivery or attempted delivery within such
time) to address shown below, on the date hand delivered, or on the date sent by facsimile
with answer back, and addressed to:

	 	 	 
	LANDLORD:

	 	TENANT:
	Southern Plains Associates, LLC

	 	Southern Plains Medical Center, Inc. and
	P.O. Box 54882

	 	RHA Anadarko, LLC
	Oklahoma City, OK 73154

	 	3555 N.W. 58th Street, Suite 700
	Attn: Brad Swickey

	 	Oklahoma City, Oklahoma 73112
	 

	 	Attn: Rick Rentsch, VP of Finance

or at such other address requested in writing by either party upon thirty (30) days notice to the
other party.

	24	 	Remedies. Except as may otherwise be provided in this Lease, all rights and remedies
of Landlord and Tenant are cumulative, and any one or more rights or remedies may be exercised
and enforced concurrently or consecutively and whenever and as often as deemed desirable. The
failure of either Landlord or Tenant to insist upon strict performance by the other of any of
the provisions of this Lease shall not be deemed a waiver of any subsequent breach or default
in any such provision. No surrender of the Demised Premises by Tenant shall be affected by
Landlord’s acceptance of Rent or by other means whatsoever unless the same is evidenced by
Landlord’s written acceptance of the surrender.

	25	 	Successors And Assigns. All of the provisions of this Lease shall be binding upon,
apply and inure to the parties hereto and their respective heirs, representatives, successors
and permitted assigns.

	26	 	Holding Over. If Tenant or any party claiming by, through or under Tenant remains in
possession of the Demised Premises or any part thereof after any termination or expiration of
this Lease, without Landlord’s written consent, Landlord, in Landlord’s sole discretion may
treat such holdover as an automatic renewal of this Lease for a month to month tenancy subject
to all the terms and conditions provided herein, except that the Base Rent shall be one
hundred fifty percent (150%) of the Base Rent payable immediately prior to the expiration or
termination of this Lease.

 

24

 

	27	 	Interpretation. The parties hereto agree that it is their intention hereby to create
only the relationship of Landlord and Tenant, and no provision hereof, or act of either party
hereunder, shall ever be construed as creating the relationship of principal and agent, or a
partnership, or a joint venture or enterprise between the parties hereto.

	28	 	Tenant Representations. Tenant represents and warrants that (a) there is no action,
suit, proceeding or investigation pending or threatened which, if adversely determined, would
have a material adverse effect on Tenant or Tenant’s business; (b) the making and performance
of this Lease shall not violate any provision, or constitute a default, under any indenture,
agreement or instrument to which Tenant is bound or affected; (c) Tenant is an Oklahoma
corporation duly organized, validly existing and in good standing under the laws of such
state, and is in good standing and validly authorized to do business in the state in which the
Demised Premises are located; and (d) Tenant has all requisite power, authority and legal
right to enter into and perform this Lease.

	29	 	Estoppel. At any time and from time to time either party, upon request of the other
party, shall execute, acknowledge and deliver an instrument, stating, if the same be true,
that this Lease is a true and exact copy of the Lease between the parties hereto, that there
are no amendments hereof (or, if not so, stating what amendments there may be), that the same
is then in full force and effect and that, to the best of its knowledge, there are no offsets,
defenses or counterclaims with respect to the payment of Rent reserved hereunder or in the
performance of the other terms, covenants and conditions hereof on the part of Tenant or
Landlord, as the case may be, to be performed (or, if not so, setting forth those offsets,
defenses or counterclaims existing), and that as of such date no default has been declared
hereunder by either party, or if a default has been declared, such instrument shall specify
same. Such instrument shall be executed by the other party and delivered to the requesting
party within fifteen (15) days of receipt of the request therefor, or else the statements made
in the proposed estoppel request shall be deemed to be correct.

	30	 	Force Majeure. In the event that either party hereto shall be delayed or hindered in
or prevented from the performance required hereunder other than the payment of a sum due
pursuant hereto, by reason of strikes, lockouts, labor troubles, failure of power, riots,
insurrection, war, acts of terrorism, acts of God, or other reason of like nature not the
fault of the party delayed in performing work or doing acts (hereafter, “Permitted Delay” or
“Permitted Delays”), such party shall be excused for the period of time equivalent to the
delay caused by such Permitted Delay.

	31	 	Consent. Except as otherwise specifically set forth herein, wherever in this Lease
Landlord or Tenant is required to give its consent or approval, such consent or approval shall
not be unreasonably withheld, conditioned or delayed. Except as otherwise provided in this
Lease, if no written response to a consent or request for approval is provided within twenty
(20) days from the receipt of the request, then the consent shall be presumed to have been
given effective as of the end of said twenty (20) day period.

	32	 	Severability. Any provision of this Lease which shall prove to be invalid, void or
illegal shall in no way affect, impair or invalidate any other provisions hereof and such
other provisions shall remain in full force and effect.

 

25

 

	33	 	Governing Law And Venue. This Lease shall be governed by the laws of the state in
which the Demised Premises are located.

	34	 	Tenant Financing. Tenant shall have the absolute right from time to time during the
Term hereof and without Landlord’s further approval, written or otherwise, to grant and assign
a mortgage or other security interest in Tenant’s Property to Tenant’s lenders in connection
with Tenant’s financing arrangements. Landlord agrees to execute such confirmation,
certificates and other documents (except amendments to this Lease unless Landlord hereafter
consents) as Tenant’s lenders may reasonably request in connection with any such financing.

	35	 	Brokers. Landlord and Tenant represent and warrant one to the other that they have
not had any dealings with any real estate brokers or agents in connection with the negotiation
of this Lease. Landlord and Tenant agree to indemnify and hold each other harmless from and
against any and all liability and cost which Landlord or Tenant, as applicable, may suffer in
connection with any real estate broker claiming by, through, or under Landlord or Tenant, as
applicable, seeking any commission, fee or payment in connection with this Lease.

	36	 	Time Of The Essence. Time shall be of the essence in performance of this Lease.

	37	 	Irrevocable Option to Purchase Demised Premises. Landlord hereby grants to Tenant or
its assigns, affiliates and related entities, the irrevocable option to purchase the Demised
Premises (“Purchase Option”) during the Term of this Lease, on the following terms and
conditions:

	 	37.1	 	After the first two (2) years of the Lease, Tenant shall be permitted to exercise said
Purchase Option upon written notice to the Landlord (“Notice”). The closing of the sale
and transfer of the Demised Premises to Tenant shall occur on a date set forth in the
Notice (“Closing”), which Closing shall be within ninety (90) days of the date such Notice
is sent by Tenant; provided however, Tenant may, in its sole discretion, extend the Closing
for up to an additional ninety (90) days. The parties may mutually agree in writing to
further extend the Closing. At any time prior to the Closing, Tenant may without liability
withdraw the Notice and the Purchase Option may be again exercised by Tenant at any other
time(s) during the remainder of the Term of this Lease.

	 	37.2	 	The purchase price for the Demised Premises pursuant to this Purchase Option shall be
the greater of (i) six million dollars ($6,000,000) or the fair market value (“Fair
Market Value”) of the Demised Premises as of the date of the Notice (“Acquisition Price”).
The Acquisition Price shall be a net amount payable to the Landlord exclusive of title
insurance, recording fees, documentation costs, taxes and other closing costs, which shall
be paid by Tenant.

	 	37.2.1	 	Such Fair Market Value shall be determined as follows:

	 	37.2.1.1	 	As agreed by the then current owner of the Demised Premises (“Current
Owner”) and Tenant or its assigns; or

 

26

 

	 	37.2.1.2	 	In the event that the then Current Owner and Tenant cannot agree on such
Fair Market Value, within thirty (30) days of the Notice, Tenant and the
Current Owner, each at its own cost, shall each appoint a MAI certified
appraiser to determine such Fair Market Value. Such appraisers shall be
experienced in the valuation of buildings similar to the Demised Premises which
are used as a multi-specialty physician clinic. The two appraisers will report
their appraisals to both Tenant and the Current Owner. If the higher appraisal
is within 125% of the other appraisal, then the average of the two appraisals
shall be deemed the Fair Market Value for purposes of this Section. If the
higher appraisal is not within 125% of the other appraisal, the two appraisers
shall select a third MAI qualified appraiser who shall also be experienced in
such evaluation. Said third appraiser shall prepare his appraisal within
thirty (30) days after his appointment and the average of the three appraisers
shall be deemed the Fair Market Value for purposes of this Section. The then
Current Owner and Tenant shall share in the cost of the third appraiser.

	 	37.2.2	 	On or by the Closing of the Purchase Option:

	 	37.2.3	 	Upon receipt of such Notice, Landlord shall deliver to Tenant or its assignee, as the
case may be, title evidence covering the Demised Premises, which shows insurable and
marketable title vested in the Landlord according to the title standards adopted by the
Oklahoma Bar Association free and clear of all liens, encumbrances and rights of way,
and which would allow Tenant or its assignee, as the case may be, to obtain an owner’s
title policy on the Demised Premises.

	 	37.2.4	 	The Landlord agrees to cooperate in connection with obtaining or providing any title
evidence deemed necessary by Tenant by not less than thirty (30) days prior to the
Closing.

	 	37.2.5	 	The Landlord shall execute and deliver a warranty deed, an agreement terminating this
Lease and such other documents to Tenant as may be reasonably required to effect the
Closing.

	 	37.2.6	 	If the Closing fails to occur other than as a failure of Tenant to tender the
Acquisition Price at Closing, Tenant shall have the following rights and remedies:

	 	37.2.7	 	Tender to the Landlord such sums as necessary to allow the Demised Premises to be
conveyed and delivered to Tenant as required by the terms of said Purchase Option;
obtain specific performance of the Purchase Option; recover judgment against the
Landlord for any damages incurred by Tenant as a result of any breach of this Lease by
Landlord; and recover its costs and attorney fees; or

	 	37.2.8	 	Terminate this Lease and/or revoke the Notice.

	 	37.2.9	 	Tenant shall be entitled to assign the Purchase Option without notice to or consent
of Landlord. Any permitted assignee shall be entitled to exercise the Option in the
same manner and on the same terms and conditions as Tenant

	 	37.2.10	 	The Purchase Option shall not be revocable during the Term, but shall be deemed
cancelled and of no force or effect if no Notice has been given prior to the end of the
Term. The issuance of any notice of termination of this Lease shall not prevent or
override any right to exercise, or any previous exercise in compliance with the terms
hereof, of the Purchase Option.

	38	 	Entire Agreement. This Lease contains all of the agreements of the parties hereto
with respect to matters covered or mentioned in this Lease and no prior agreement, letters,
representations, warranties, promises, or understandings pertaining to any such matters shall
be effective for any such purpose. This Lease may be amended or added to only by an agreement
in writing signed by the parties hereto or their respective successors in interest.

 

27

 

IN WITNESS WHEREOF, the parties hereto have executed this Lease on the day and year first
mentioned, the corporate party or parties by its or their proper officers thereto duly authorized.

	 	 	 	 	 	 	 	 	 
	 	 	TENANT:

Southern Plains Medical Center, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Thomas Rice	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	RHA Anadarko, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Thomas Rice	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:
	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LANDLORD:

Southern Plains Associates, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Capital Investors of Oklahoma, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Brad Swickey	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Its:
	 	Managing Member	 	 

 

28

 

	 	 	 	 	 
	STATE OF OKLAHOMA

	 	 	)	 
	 

	 	 	) ss.

	COUNTY OF OKLAHOMA

	 	 	)	 

On this 16th day of December, 2009, before me, the undersigned Notary
Public in and for said County and State, personally appeared Brad Swickey,
Manager of Southern Plains Associates, LLC, who executed the foregoing
instrument on behalf of said limited liability company for the purposes therein expressed.

In witness whereof, I have hereunto set my hand and official seal
the day and year last above written.

	 	 	 	 	 
	 	                             /s/ Charlotte Roberts
 	 
	 	Notary Public Signature 	 

My commission expires: 06/13/11

Commission No. # 03006602

	 	 	 	 	 
	STATE OF OKLAHOMA

	 	 	)	 
	 

	 	 	) ss.

	COUNTY OF OKLAHOMA

	 	 	)	 

On this 16th day of December, 2009, before me, the undersigned Notary
Public in and for said County and State, personally appeared Thomas R. Rice,
President, who is Manager and sole Member of Southern Plains Medical Center, Inc. who
executed the foregoing instrument on behalf of said corporation for the purposes therein expressed.

In witness whereof, I have hereunto set my hand and official seal
the day and year last above written.

	 	 	 	 	 
	 	                                              /s/ Christy Winkler
 	 
	 	Notary Public Signature 	 

My commission expires: 6/10/10

Commission No. # 02008805

 

29

 

	 	 	 	 	 
	STATE OF OKLAHOMA

	 	 	)	 
	 

	 	 	) ss.

	COUNTY OF OKLAHOMA

	 	 	)	 

On this 16th day of December, 2009, before me, the undersigned Notary
Public in and for said County and State, personally appeared Thomas R. Rice,
President, who is Manager and sole Member of RHA Anadarko, LLC, who executed the
foregoing instrument on behalf of said corporation for the purposes therein expressed.

In witness whereof, I have hereunto set my hand and official seal
the day and year last above written.

	 	 	 	 	 
	 	                                         /s/ Christy Winkler
 	 
	 	Notary Public Signature 	 

My commission expires: 6/10/10

Commission No. # 02008805

 

30

 

LEASE GUARANTY

Southern Plains Medical Center, Inc. (SPMC), an Oklahoma corporation, and RHA Anadarko, LLC an
Oklahoma limited liability company (“PHA”), as co-tenants have entered into a lease
(“Lease”), dated as of December 16, 2009, with Southern Plains Associates LLC
(“Landlord”), for the property located at 2222 West Iowa Avenue, Chickasha, Oklahoma. Both SPMC
and PHA are wholly owned subsidiaries under Rural Hospital Acquisition, LLC (“RHA”), and as
such, RHA will benefit by virtue of the Lease extended by Landlord to PHA and SPMC. RHA hereby
unconditionally, except as expressly set forth herein, guarantees to Landlord the payment of all
lease payments owing or which may hereafter be payable to Landlord by SPMC and PHA pursuant to the
Lease.

Notice of the acceptance of this guaranty and notice of transactions entered into in reliance
hereon are hereby waived. Subject to the terms hereof, RHA agrees that liability hereunder shall
not be affected by any extension of time or other forbearance or indulgence of favor granted to PHA
and/or SPMC, whether or not notice thereof shall be given to RHA, or by any change by RHA in its
manner of doing business, whether by incorporation, consolidation, merger, partnership formation or
change in membership, or otherwise.

This guaranty is a guaranty of payment, and RHA shall have no liability to Landlord hereunder until
the earliest of (a) the date on which, after an Event of Default (as defined by the Lease has
occurred under the Lease, (b) the date an Insolvency Proceeding is commenced by PHA or SPMC, or
RHA. For purposes of this guaranty, “Insolvency Proceeding” means any proceeding under any
provision of Title 11 of the United States Code, as in effect from time to time, or under any
other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors,
formal or informal moratoria, compositions, extensions generally with creditors, or proceedings
seeking reorganization, arrangement, or other similar relief.

RHA also waives all requirements of notice, demand, presentment or protest in case of any default
by PHA and/or SPMC.

The validity and construction of this guaranty shall be determined by the law of the state of
Oklahoma.

	 	 	 	 	 
	 	
DATED: 12/16/09 

Rural Hospital Acquisition, LLC

 	 
	 	By:  	
/s/ Thomas R. Rice
 	 
	 	 	Name:  	Thomas Rice  	 
	 	 	Title:  	President 	 

 

 

 

	 	 	 	 	 

EXHIBIT “A”

LEGAL DESCRIPTION OF THE LAND

See the legal description of the Demised Premises and the depiction thereof on the documents
attached to this Exhibit A.

 

 

 

Exhibit A

A tract of land described as Beginning 30.00 feet North 00°00’29” West and 330.00 feet South
89°55’40” West of the Southeast corner of the Northeast Quarter (NE/4) of Section 29, Township 7
North, Range 7 West of the Indian Meridian, Grady County, Oklahoma:

Thence South 89°55’40” West parallel to the South boundary of said NE/4 SW/4, a distance of 208.70
feet to a point;

Thence North 00°01’33” East, a distance of 423.88 feet to a point;

Thence North 89°59’46” West, a distance of 284.19 feet to a point;

Thence South 00°00’14” West, a distance of 454.23 feet to a point;

Thence South 89°55’25” West, a distance of 30.00 feet to a point;

Thence North 00°01’33” East, a distance of 845.00 feet to a point;

Thence North 89°55’43” East, a distance of 521.39 feet to a point;

Thence South 00°04’02” East, a distance of 815.02 feet to the Point of the Beginning.

a/k/a 2222 W. Iowa Avenue, Chickasha, Oklahoma

 

 

 

EXHIBIT “B”

BASE RENT

The monthly base rent shall be:

For years 1-5 of the Lease sixty thousand three hundred and twenty-five dollars ($60,325); and,

For years 6-10 of the Lease sixty-six thousand six hundred and thirty-three dollars ($66,633).

For years 11-20 the monthly base rent shall be increased by 3% each year beginning on the
anniversary date of the lease at the end of the 10th year.

Following the expiration of the Primary Lease, if the Lease continues for a Renewal Term, then
during the Renewal Term the lease shall continue to increase by 3% per year, unless renegotiated
and agreed to in writing by the Parties prior to the beginning of the Renewal Term.

 

 

 

EXHIBIT “C”

SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT

[Intentionally Omitted]

 

 

 

EXHIBIT “D”

COMMENCEMENT AGREEMENT

THIS AGREEMENT, made this 16th day of December, 2009 by and between
Southern Plains Associates, LLC, an Oklahoma limited liability company (herein “Landlord”) and
Southern Plains Medical Center, Inc., an Oklahoma Corporation, and RHA Anadarko, LLC, an Oklahoma
limited liability company (herein jointly referred to as “Tenant”).

W I T N E S S E T H :

WHEREAS, Landlord and Tenant have entered into that certain Lease dated the 16th
day of December, 2009 (“Lease”) for Demised Premises located in Grady County,
Oklahoma; and

WHEREAS, Landlord and Tenant wish to set forth their agreements as to the commencement of the
Term of this Lease.

NOW, THEREFORE, in consideration of the Demised Premises as described in this Lease and the
covenants set forth therein, Landlord and Tenant agree as follows:

	 	1.	 	The Primary Term of this Lease commenced on January 13, 2010.

	 
	 	2.	 	The Primary Term of this Lease shall expire on January 12, 2030.

	 	3.	 	Tenant has one additional ten (10) year option.

	 	4.	 	The Rent Commencement Date under this Lease Agreement is January 13, 2010.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	 	 	TENANT:	 	 
	Southern Plains Associates, LLC	 	 	 	Southern Plains Medical Center, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 

	 	 
	 	 	 	 	 	 

	 	 
	 

	 	Its:
	 	 	 	 	 	 	 	Its:	 	 	 	 
	 

	 	 	 	 

	 	 
	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	RHA Anadarko, LLC	 	 
	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 	 	 	 	Its:

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