Document:

Document

Exhibit 4.12
SUPPLEMENTAL INDENTURE
THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 5, 2021, among SNH Alpharetta LLC, SNH Independence Park LLC, SNH REIT Irving LLC, SNH REIT San Antonio LLC and SNH St. Louis LLC, each a limited liability company formed and existing under the laws of the State of Delaware (together, the “Additional Subsidiary Guarantors”), each a subsidiary of Diversified Healthcare Trust, a real estate investment trust organized and existing under the laws of the State of Maryland (the “Company”), the Company and U.S. Bank National Association, a national banking organization organized and existing under the laws of the United States (the “Trustee”).
W I T N E S S E T H
WHEREAS, the Company (then known as Senior Housing Properties Trust) and the Trustee are parties to an Indenture (the “Base Indenture”), dated as of February 18, 2016 (as supplemented by that certain Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”), dated as of February 8, 2021, among the Company, the Initial Subsidiary Guarantors party thereto and the Trustee, providing for the issuance of the Company’s 4.375% Senior Notes due 2031 (the “Notes”), as from time to time hereafter further amended, supplemented or otherwise modified so far as it applies to the Notes, the “Indenture”);
WHEREAS, the Indenture provides that under certain circumstances the Additional Subsidiary Guarantors shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Additional Subsidiary Guarantors will fully and unconditionally guarantee the Notes, jointly and severally with all of the other Subsidiary Guarantors, on the terms and conditions set forth herein;
WHEREAS, all acts and requirements necessary to make this Supplemental Indenture the legal, valid and binding obligation of the Company, each Additional Subsidiary Guarantor and the Trustee have been done; and
WHEREAS, pursuant to Section 901 of the Base Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture.
NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Additional Subsidiary Guarantors and the Trustee mutually covenant and agree as follows:
1.    CAPITALIZED TERMS.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2.    AGREEMENT TO GUARANTEE.  Each Additional Subsidiary Guarantor hereby agrees that its obligations to the Holders and the Trustee pursuant to the Subsidiary Guarantee shall be as expressly set forth in Article 6 of the Fourth Supplemental Indenture and in such other provisions of the Indenture as are applicable to the Subsidiary Guarantors (including, without limitation, Article 3 of the Fourth Supplemental Indenture), and reference is made to the Indenture for the precise terms of this Supplemental Indenture. The terms of Article 6 of the Fourth Supplemental Indenture and such other provisions of the Indenture (including, without limitation, Article 3 of the Fourth Supplemental Indenture) as are applicable to the Subsidiary Guarantors are incorporated herein by reference.
3.    THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
4.    COUNTERPARTS.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
5.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.
6.    THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Additional Subsidiary Guarantors and the Company.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.

COMPANY:

DIVERSIFIED HEALTHCARE TRUST

By: /s/ Richard W. Siedel, Jr.                         
Name: Richard W. Siedel, Jr.
Title:  Chief Financial Officer and Treasurer

ADDITIONAL SUBSIDIARY GUARANTORS:

SNH ALPHARETTA LLC
SNH INDEPENDENCE PARK LLC
SNH REIT IRVING LLC
SNH REIT SAN ANTONIO LLC
SNH ST. LOUIS LLC

By: /s/ Richard W. Siedel, Jr.                         
Name: Richard W. Siedel, Jr.
Title:  Chief Financial Officer and Treasurer
[Signature Page to Supplemental Indenture for 4.375% Senior Notes due 2031 (March 2021)]

TRUSTEE:

U.S. BANK, NATIONAL ASSOCIATION, as Trustee

By: /s/ David W. Doucette                             
Name: David W. Doucette
Title:  Vice President

[Signature Page to Supplemental Indenture for 4.375% Senior Notes due 2031 (March 2021)]Document

Exhibit 10.1

Diversified Healthcare Trust
Two Newton Place
255 Washington Street, Suite 300
Newton, Massachusetts 02458-1634
March 4, 2021
Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent
10 South Wacker Drive, 32nd Floor
Chicago, IL 60606
Attn: Douglas Frazer
Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent
550 South Tryon Street
Charlotte, North Carolina 28202
Attn:  Kristen Ray
Ladies and Gentlemen:
Reference is made to that certain the Amended and Restated Credit Agreement, dated as of August 1, 2017, as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of June 30, 2020, and by the Second Amendment to Amended and Restated Credit Agreement, dated as of January 29, 2021 (as so amended, the “Credit Agreement”) among Diversified Healthcare Trust, a real estate investment trust organized under the laws of the State of Maryland (the “Borrower”), the lenders from time to time party thereto (the “Lenders”), and Wells Fargo Bank, National Association, as Administrative Agent for the Lenders (in such capacity, the “Administrative Agent”), to that certain Pledge Agreement, dated as of January 29, 2021, as amended by that certain Pledge Amendment, dated as of February 12, 2021 (as so amended, the “Pledge Agreement”), among the Borrower and certain Subsidiaries of the Borrower from time to time party thereto, as Pledgors, and Wells Fargo Bank, National Association, as Collateral Agent (in such capacity, the “Collateral Agent”), and to that certain Collateral Agency and Intercreditor Agreement, dated as of January 29, 2021 (the “Intercreditor Agreement”), among the Borrower, the Administrative Agent, the Collateral Agent, SNH Medical Office Properties Trust, a Maryland real estate investment trust, SNH MezzCo San Antonio LLC, a Delaware limited liability company (together, the “Pledgors”), SNH GP Valencia LLC, a Delaware limited liability company, and the other parties thereto.  The terms defined in the Credit Agreement, the Pledge Agreement and the Intercreditor Agreement are used herein as therein defined, unless otherwise defined herein.
Pursuant to Section 7.14(c) of the Credit Agreement, the Borrower and the Pledgors hereby request that, as soon as practicable after the date hereof, but in no event later than March 18, 2021, the Administrative Agent direct the Collateral Agent to release the Lien in favor of the Collateral Agent in the Pledged Interests of SNH Alpharetta LLC, SNH Independence Park LLC, SNH REIT Irving LLC, SNH REIT San Antonio LLC and SNH St. Louis LLC (the “Released Pledged Interests”) under the Pledge Agreement.   Please evidence the release of the Lien in favor of the Collateral Agent in the Released Pledged Interests by (i) executing a copy of this letter and returning it to the Borrower, (ii) returning the original share certificates representing the Released Pledged Interests to our counsel, Sullivan & Worcester LLP, One Post Office Square, Boston MA 02109, attn: Jeffrey Morlend, (iii) amending the UCC-1 financing statement filed with the Maryland State Department of Assessment and Taxation naming the Collateral Agent as secured party and the Borrower as debtor, to reflect the release of the Pledged Interests of SNH Alpharetta LLC, SNH REIT Irving LLC and SNH St. Louis LLC from the Lien of the Pledge Agreement, (iv) amending the UCC-1 financing statement filed with the Maryland State Department of Assessment and Taxation naming the Collateral Agent as secured party and SNH Medical Office Properties Trust as debtor, to reflect the release of the Pledged Interests of SNH Independence Park LLC from the Lien of the Pledge Agreement, and (v) terminating the UCC-1 financing statement filed with the Delaware Secretary of State naming the Collateral Agent as secured party and SNH MezzCo San Antonio LLC as debtor, to reflect the release of the Pledged Interests of SNH REIT San Antonio LLC from the Lien of the Pledge Agreement.

Pursuant to Section 7.14(c) of the Credit Agreement and Section 4.1(b) of the Intercreditor Agreement, the Borrower and the Pledgors confirm, as of the date hereof and as of the date of the release requested hereby, that (i) no Default or Event of Default has occurred and is continuing or would occur as a result of such release, (ii) the issuers of the Released Pledged Interests own no Collateral Properties, and (iii) such release is permitted by all of the Credit Agreement Documents that remain in effect as of such date. 

Very truly yours,
DIVERSIFIED HEALTHCARE TRUST
SNH MEDICAL OFFICE PROPERTIES TRUST
SNH MEZZCO SAN ANTONIO LLC

By:    /s/ Richard W. Siedel, Jr.            
Richard W. Siedel, Jr.
Chief Financial Officer and Treasurer

Acknowledged and agreed: 
WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent and as Collateral Agent
By:     /s/ Matthew Ricketts                    
     Name: Matthew Ricketts
     Title:   Managing Director

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