Document:

Participation Agreement among HealthSouth Corporation, First Security Bank

 EXHIBIT 10.4.2 
  

  
 PARTICIPATION AGREEMENT 
 Dated as of October 31, 2000 
 among 
 HEALTHSOUTH CORPORATION 
  
 as Lessee, 
  
 FIRST SECURITY BANK, NATIONAL ASSOCIATION, 
 not
individually, except as expressly 
 stated herein, but solely as Owner Trustee 
 under the HEALTHSOUTH Corporation Trust 2000-1, 
  
 THE VARIOUS BANKS AND OTHER 
 LENDING INSTITUTIONS WHICH ARE PARTIES 
 HERETO FROM TIME TO TIME, 
 as the Holders,

  
 THE VARIOUS BANKS AND OTHER 
 LENDING INSTITUTIONS WHICH 
 ARE PARTIES HERETO
FROM TIME TO TIME, 
  
 as the Lenders, 
  
 THE CHASE MANHATTAN BANK, 
 as Documentation Agent, 
  
 UBS WARBURG LLC, 
 and 
 DEUTSCHE BANK SECURITIES, INC., 
 as Joint Lead
Arrangers, 
  
 DEUTSCHE BANK AG NEW YORK BRANCH, 
 as Syndication Agent, 
  
 and 
 UBS AG STAMFORD BRANCH, 
 as Administrative Agent for the 
 Lenders 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	PAGE:

	 SECTION 1.
	 	THE LOANS	  	1
			
	 SECTION 2.
	 	HOLDER ADVANCES	  	1
			
	 SECTION 3.
	 	SUMMARY OF TRANSACTIONS	  	2
	 3.1
	 	Operative Agreements	  	2
	 3.2
	 	Closing Date	  	2
			
	 SECTION 4.
	 	THE CLOSING	  	2
	 4.1
	 	Closing Date	  	2
			
	 SECTION 5.
	 	MAKING OF ADVANCES	  	2
	 5.1
	 	General	  	2
	 5.2
	 	Intentionally Deleted	  	2
	 5.3
	 	Conditions to the Holders’ and the Lenders’ Obligations to Make Advances on the Closing Date	  	2
	 5.4
	 	Inspection of Documents; Hold Harmless: Removal of Property	  	5
			
	 SECTION 6.
	 	CONDITIONS OF THE CLOSING	  	5
	 6.1
	 	Conditions to the Lessor’s and the Holders’ Obligations	  	5
	 6.2
	 	Conditions to the Lessee’s Obligations	  	7
	 6.3
	 	Conditions to the Agent’s and Lenders’ Obligations	  	8
			
	 SECTION 7.
	 	REPRESENTATIONS AND WARRANTIES ON THE CLOSING DATE	  	9
	 7.1
	 	Representations and Warranties of the Holders	  	9
	 7.2
	 	Representations and Warranties of the Owner Trustee	  	11
	 7.3
	 	Representations and Warranties of the Lessee	  	13
	 7.4
	 	Representations and Warranties of the Agent	  	19
			
	 SECTION 8.
	 	INTENTIONALLY DELETED	  	19
			
	 SECTION 9.
	 	PAYMENT OF CERTAIN EXPENSES	  	19
	 9.1
	 	Transaction Expenses	  	19
	 9.2
	 	Certain Fees and Expenses	  	20
	 SECTION 10.
	 	OTHER COVENANTS AND AGREEMENTS	  	20
	 10.1
	 	Cooperation with the Lessee	  	20
	 10.2
	 	Covenants of the Owner Trustee and the Holders	  	20
	 10.3
	 	Lessee Covenants, Consents, Acknowledgments and Representation	  	22
	 10.4
	 	Sharing of Certain Payments	  	23
	 10.5
	 	Grant of Easements, etc.	  	24
			
	 SECTION 11.
	 	CREDIT AGREEMENT AND TRUST AGREEMENT	  	24
	 11.1
	 	Lessee’s Credit Agreement Rights	  	24
	 11.2
	 	Lessee’s Trust Agreement Rights	  	25
			
	 SECTION 12.
	 	TRANSFER OF INTEREST	  	25
	 12.1
	 	Restrictions on Transfer	  	25
	 12.2
	 	Effect of Transfer	  	26
			
	 SECTION 13.
	 	INDEMNIFICATION	  	26
	 13.1
	 	General Indemnity	  	26
	 13.2
	 	General Tax Indemnity	  	29
	 13.3
	 	Environmental Indemnity	  	32

  

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	 SECTION 14.
	  	MISCELLANEOUS	  	33
	 14.1
	  	Survival of Agreements	  	33
	 14.2
	  	No Broker, etc.	  	33
	 14.3
	  	Notices	  	33
	 14.4
	  	Counterparts	  	35
	 14.5
	  	Amendments and Termination	  	35
	 14.6
	  	Headings, etc.	  	35
	 14.7
	  	Parties in Interest	  	35
	 14.8
	  	GOVERNING LAW; WAIVERS OF JURY TRIAL	  	35
	 14.9
	  	Submission to Jurisdictions Waivers	  	35
	 14.10
	  	Severability	  	36
	 14.11
	  	Liability Limited	  	36
	 14.12
	  	Rights of Lessee	  	37
	 14.13
	  	Further Assurances	  	38
	 14.14
	  	Calculations under Operative Agreements	  	38
	 14.15
	  	Confidentiality	  	38
	 14.16
	  	Calculation of Rent, Interest Holder Yield and Fees	  	39
	 14.17
	  	Responsibilities and Liabilities	  	39
	 14.18
	  	Holder and Lender Addenda	  	39

  

			
	 EXHIBITS
	  	 
		
	 Exhibit A
	  	Form of Opinion of Counsel to Lessee
	 Exhibit B
	  	Officer’s Certificate
	 Exhibit C
	  	Officer’s Certificate
	 Exhibit D
	  	Secretary’s Certificate
	 Exhibit E
	  	Officer’s Certificate
	 Exhibit F
	  	Certificate of Assistant Secretary
	 Exhibit G
	  	Form of Opinion of Counsel to First Security Bank. National Association
	 Exhibit H
	  	Form of Holder Addendum
	 Exhibit I
	  	Form of Lender Addendum
	 Schedule 1
	  	Legal Description of Land
	 Schedule 2
	  	Description of Improvements
	 Schedule 3
	  	Description of Equipment

  

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 PARTICIPATION AGREEMENT

  
 THIS PARTICIPATION AGREEMENT, dated as of October 31, 2000 (as
further amended or supplemented from time to time, this “Agreement”), is by and among HEALTHSOUTH Corporation., as Lessee (the “Lessee”), FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, not individually
(in its individual capacity, the “Trust Company”), except as expressly stated herein, but solely as Owner Trustee under the HEALTHSOUTH Corporation Trust 2000-1 (the “Owner Trustee” or the “Lessor”), THE CHASE MANHATTAN
BANK, as Documentation Agent: UBS WARBURG LLC and DEUTSCHE BANK SECURITIES, INC., as Joint Lead Arrangers: DEUTSCHE BANK AG NEW YORK BRANCH, as Syndication Agent; UBS AG, Stamford Branch, as Administrative Agent (in such capacity, the
“Agent”) for the Lenders and the Holders; UBS AG, Stamford Branch, and the various other banks and lending institutions which are parties hereto from time to time as Holders, and UBS AG, Stamford Branch and the various other banks and
lending institutions which are parties hereto from time to time as Lenders. Capitalized terms used but not otherwise defined in this Agreement shall have the meanings set forth in Appendix A hereto. 
  
 In consideration of the mutual agreements herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1. THE LOANS. 
  
 The Lenders have agreed to make Loans in an aggregate principal amount of up to the aggregate amount of the Commitments of the Lenders in order for the
Lessor to acquire the Properties and certain Improvements, and in consideration of the receipt of such Loan proceeds, the Lessor, upon the request of the relevant Lenders, will issue the Notes (together with any note or notes issued in exchange or
substitution therefor in accordance with the Credit Agreement, the “Notes”). The Loans shall be made and the Notes shall be issued pursuant to the Credit Agreement. Pursuant to Section 5 of this Agreement and Section 2 of the Credit
Agreement, the Loans will be made to the Lessor on the Closing Date and in accordance with this Agreement and the other Operative Agreements. The Loans and the obligations of the Lessor under the Credit Agreement are secured by the Collateral.

  
 SECTION 2. HOLDER ADVANCES. 
  
 Subject to the terms and conditions of this Agreement and in reliance on the
representations and warranties of each of the parties hereto contained herein or made pursuant hereto on each date Advances are made in accordance with Section 5 hereof, each Holder shall make a Holder Advance on a pro rata basis to the Owner
Trustee with respect to the HEALTHSOUTH Corporation Trust 2000-1 based on its Holder Commitment in an amount in immediately available funds such that the aggregate of all Holder Advances shall be three percent (3%) of the amount of the Advances
being funded on such date; provided, no Holder shall be obligated for any Holder Advance in excess of its pro rata share of the Available Holder Commitment. The aggregate amount of Holder Advances shall be up to the aggregate amount of the Holder
Commitments. No prepayment or any other payment with respect to any Advance shall be permitted such that the Holder Advance with respect to such Advance is less than 3% of 

  

 
the outstanding amount of such Advance, except in connection with termination or expiration of the Term or in connection with the exercise of remedies
relating to the occurrence of a Lease Event of Default. The representations, warranties, covenants and agreements of the Holders herein and in the other Operative Agreements are several, and not joint and several. 
  
 SECTION 3. SUMMARY OF TRANSACTIONS. 
  
 3.1 Operative Agreements. On the date hereof (the “Closing
Date”), each of the respective parties hereto and thereto shall execute and deliver this Agreement, the Lease, the Credit Agreement, the Notes (if applicable), the Certificates, the Trust Agreement, the Security Agreement and such other
documents, instruments, certificates and opinions of counsel as agreed to by the parties hereto. 
  
 3.2 Closing Date. On the Closing Date and subject to the terms and conditions of this Agreement (a) each Holder will make available to UBS AG,
Stamford Branch, the amount set forth for such Holder on Schedule 1 to the Holder Addendum, executed and delivered by such Holder pursuant to Section 14.18 hereof, constituting the principal amount of the Holder Advance to be made by such Holder
hereunder, and (b) each Lender will make available to UBS AG, Stamford Branch, the amount set forth for such Lender on such Lender’s Lender Addendum executed and delivered by such Lender pursuant to Section 14.18 hereof, as the principal
amount of the Loan to be made by such Lender thereunder. The Lessor will purchase pursuant to a Deed or lease pursuant to a Ground Lease each Property, as the case may be, as of the Closing Date, and a Lien on each Property for the benefit of the
Agent shall be in full force and effect before and after the execution of the required Security Documents. After giving effect to the Advances on the Closing Date, there shall no longer be any Commitments outstanding. 
  
 SECTION 4. THE CLOSING. 
  
 4.1 Closing Date. All documents and instruments required to be
delivered on the Closing Date shall be delivered at the offices of Simpson Thacher & Bartlett, 425 Lexington Avenue, New York, New York, or at such other location as may be determined by the Lessor, the Agent and the Lessee. 
  
 SECTION 5. MAKING OF ADVANCES. 
  
 5.1 General. 
  
 The Lessor has used and will use the proceeds of the Advances made on the
date hereof to acquire the Properties, repay the existing loans and advances. 
  
 5.2 Intentionally Deleted. 
  
 5.3 Conditions to the Holders’ and the Lenders’ Obligations to Make Advances on the Closing Date. 
  
 Subject to Section 6, the obligations of each Holder to make Holder Advances, and each Lender to make Loans on the Closing Date are subject to the prior
or contemporaneous satisfaction or waiver of the following conditions precedent: 
  
 (a) the correctness in all material respects on such date of the representations and warranties of the Owner Trustee, the Lessee and the Holders contained herein and in each of the other Operative Agreements;

  

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 (b) the performance in all material respects by the Lessee of its agreements contained herein and in the
other Operative Agreements which covenants are to be performed by it on or prior to such date; 
  
 (c) the satisfaction of all conditions to any such making of Holder Advance or Loan set forth in any Operative Agreement; 
  
 (d) no Default or Event of Default under any of the Operative Agreements
shall have occurred after giving effect to the making of Holder Advances and Loans; 
  
 (e) title to each Property shall conform to the representations and warranties set forth in Section 7.2(1) and 7.3(1) hereof; 
  
 (f) the Lessor shall have good and marketable title to each Property in fee simple, subject only to the Permitted
Exceptions. The Lessor shall have the right to grant the Mortgage Instruments on the Properties; 
  
 (g) the Lessee shall have delivered to the Agent and the Owner Trustee, a title insurance policy in favor of the Agent and Owner Trustee with respect to
each Property, such policy being in form and substance reasonably acceptable to the Owner Trustee and the Agent, with such title exceptions thereto as are reasonably acceptable to the Owner Trustee and the Agent; 
  
 (h) the Lessee shall have delivered to the Agent and the Owner Trustee (A) a
“Phase I” environmental site assessment with respect to each Property, prepared by an independent recognized professional reasonably acceptable to the Agent and the Owner Trustee and in a form and substance that is reasonably acceptable to
the Agent and the Owner Trustee, and (B) the Agent shall have received letters from such environmental professional stating, among other things, that the Agent, the Lenders, the Owner Trustee and the Holders may rely on the Environmental Report with
respect to each Property which were prepared by such firm as if they were originally addressed to them in all respects; 
  
 (i) the Lessee shall have delivered to the Agent, the Owner Trustee and the Title Company an as-built survey of each Property certified to the Agent, the
Holders, the Owner Trustee and the Title Company, prepared by an independent recognized professional meeting the then current minimum standard detail requirements for American Land Title Association and the American Congress of Surveying and Mapping
(ALTA/ACSM) Land Title Surveys certified to the Agent and otherwise reasonably acceptable to the Agent; 
  
 (j) the Lessee shall have caused to be delivered to the Agent and the Owner Trustee a legal opinion (in the form attached hereto as Exhibit A) from
counsel located in the state where each Property is located; 
  

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 (k) the Owner Trustee and the Agent shall be satisfied, in their discretion, that the execution of the
Mortgage Instruments and the other Security Documents will not adversely affect in any material respect the rights of the Owner Trustee, the Holders, the Agent or the Lenders under or with respect to the other Operative Agreements in effect as of
the Closing Date (it being understood and acknowledged that the Agent and the Owner Trustee may require that the Lessee deliver an acceptable legal opinion in connection with this condition); 
  
 (l) the Lessee shall have delivered to the Agent and the Owner Trustee,
respecting each Property. Invoices for the various Transaction Expenses and other fees, expenses and disbursements referenced in Section 9.1 of this Agreement (to the extent paid from Loan proceeds) and an Officer’s Certificate in the
form attached hereto as Exhibit B specifying the Property Cost for each Property; 
  
 (m) the Lessee shall have delivered to the Agent and the Owner Trustee, respecting each Property, certificates of insurance meeting the requirements of Section 14.3 of the Lease; 
  
 (n) the Lessor shall have delivered to the Agent a Mortgage Instrument and
Lender Financing Statements with respect to each Property in a form reasonably acceptable to the Agent and Lessee and all necessary recording fees, documentary stamp taxes or similar amounts will be paid in connection with the related Mortgage
Instrument in an amount sufficient to cover such maximum total Property Cost, or (in the case of the recording tax with respect to the Mortgage Instrument) in an amount required to be paid at the time of recording of such instrument (provided that
the Lessee shall promptly pay or reimburse any Indemnified Person for payment of, any additional recording tax that may be due at any time with respect to such instrument); 
  
 (o) the Lessee shall have delivered to the Lessor with respect to each Property, a Memorandum of Lease (such memorandum to
be substantially in the form attached to the Lease as Exhibit B and in form suitable for recording); 
  
 (p) the Lessee shall have delivered to the Lessor, with respect to each Property, Lessor Financing Statements executed by the Lessee and the Lessor;

  
 (q) all necessary (or in the reasonable opinion of the Owner
Trustee, the Agent, or their respective counsel, advisable) Governmental Actions, in each case required by any law or regulation enacted, imposed or adopted on or prior to each such date or by any change in facts or circumstances on or prior to each
such date, shall have been obtained or made and be in full force and effect; 
  
 (r) if any such Property is subject to a Ground Lease, the Lessee shall have caused a lease memorandum (in form and substance satisfactory to the Agent) to be delivered to the Agent for such Ground lease; 

 
 (s) the Lessee shall cause (i) Uniform Commercial Code lien searches, tax
lien searches and judgment lien searches regarding each of the Lessee and the Lessor to be conducted (and copies thereof to be delivered to the Agent and the Owner Trustee) in the 

  

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state and county (or other Jurisdiction) in which each Property is located, by a nationally recognized search company acceptable to the Owner Trustee and the
Agent, and (ii) the liens referenced in such lien searches which are objectionable to the Owner Trustee or the Agent to be either removed or otherwise handled in a manner reasonably satisfactory to the Owner Trustee and the Agent: 
  
 (t) the Agent shall have received an Appraisal for each Property showing
that each Property has an enterprise value, when taken together with the enterprise value of all other Properties, equal to at least fifty percent (50%) of the Total Property Cost of all Properties and all Improvements constructed thereon;

  
 (u) The Agent shall have received a certificate of the chief
financial officer of the Lessee (i) attaching copies of all consents, authorizations and filings required to consummate the transactions contemplated by this Agreement, and (ii) stating that such consents, licenses and filings are in full force and
effect, and each such consent. authorization and filing shall be in form and substance reasonably satisfactory to the Agent; and 
  
 (v) all conditions set forth in Section 5.1 of the Existing HEALTHSOUTH Corporation Credit Agreement shall have been satisfied. 
  
 5.4 Inspection of Documents; Hold Harmless: Removal of Property.

  
 Any document or item (including without limitation any
environmental report) delivered to the Agent shall be available for inspection at any time during ordinary business hours upon reasonable notice by any Lender or Holder. The Agent shall not incur any liability to any Lender, any Holder, the Owner
Trustee or any other Person (and each Lender, each Holder, the Owner Trustee and the Lessee hereby holds the Agent harmless from any such liability) as a result of any such document or item, any information contained therein, the failure to receive
any such document, or the Agent’s approval of any Property. In the event the Majority Lenders determine that any environmental site assessment reveals an Environmental Violation and they or the Agent so notify the Lessee, then the Lessee shall
remedy or purchase such Property in accordance with Sections 15.2. 16.1 and 16.2 of the Lease. 
  
 SECTION 6. CONDITIONS OF THE CLOSING. 
  
 6.1 Conditions to the Lessor’s and the Holders’ Obligations. 
  
 The obligations of the Lessor and the Holders to consummate the transactions contemplated by this Agreement on the Closing
Date, including the obligation to execute and deliver the applicable Operative Agreements to which each is a party on the Closing Date, are subject to (i) the accuracy and correctness on the Closing Date of the representations and warranties of the
other parties hereto contained herein, (ii) the accuracy and correctness on the Closing Date of the representations and warranties of the other parties hereto contained in any other Operative Agreement or certificate delivered pursuant hereto or
thereto, (iii) the performance by the other parties hereto of their respective agreements contained herein and in the other Operative Agreements and to be performed by them on or prior to the Closing Date and 

  

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(iv) the satisfaction, or waiver by the Lessor and the Holders, of all of the following conditions on or prior to the Closing Date: 
  
 (a) Each of the Operative Agreements shall have been duly authorized,
executed and delivered by the parties thereto, other than the Lessor, and shall be in full force and effect, and no Default or Event of Default shall exist thereunder (both before and after giving effect to the transactions contemplated by the
Operative Agreements), and the Lessor shall have received a fully executed copy of each of the Operative Agreements (other than the Notes of which it shall have received specimens). The Operative Agreements (or memoranda thereof), any supplements
thereto and any financing statements and fixture filings in connection therewith required under the Uniform Commercial Code shall have been filed or shall be promptly filed, if necessary, in such manner as to enable the Lessee’s counsel to
render its opinion referred to in Section 6.1(g) hereof; 
  
 (b) All taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of the Operative Agreements shall have been paid or provision for such payment shall have been made to the reasonable
satisfaction of the Lessor and the Agent; 
  
 (c) No action or
proceeding shall have been instituted, nor shall any action or proceeding be threatened, before any Governmental Authority, nor shall any order, judgment or decree have been issued or proposed to be issued by any Governmental Authority (i) to set
aside, restrain, enjoin or prevent the full performance of this Agreement, any other Operative Agreement or any transaction contemplated hereby or thereby or (ii) which is reasonably likely to have a Material Adverse Effect; 
  
 (d) In the reasonable opinion of the Lessor and the Holders and their
counsel, the transactions contemplated by the Operative Agreements do not and will not violate any material Legal Requirements and do not and will not subject the Lessor or the Holders to any materially adverse regulatory prohibitions or
constraints, in each case enacted, imposed, adopted or proposed since the date hereof; 
  
 (e) The Lessor and the Agent shall each have received an Officer’s Certificate of the Lessee, dated as of the Closing Date, in the form attached hereto as Exhibit C or in such other form as is reasonably
acceptable to such parties stating that (a) each and every representation and warranty of the Lessee contained in the Operative Agreements to which it is a party is true and correct in all material respects on and as of the Closing Date; (ii) no
Default or Event of Default has occurred and is continuing under any Operative Agreement; (iii) each Operative Agreement to which Lessee is a party is in full force and effect with respect to it; and (iv) the Lessee has performed and complied with
all covenants, agreements and conditions contained herein or in any Operative Agreement required to be performed or complied with by it on or prior to the Closing Date; 
  
 (f) The Lessor and the Agent shall each have received (i) a certificate of the Secretary or an Assistant Secretary of the
Lessee in the form attached hereto as Exhibit D or in such other form as is reasonably acceptable to such parties attaching and certifying 

  

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as to (A) the resolutions of the Board of Directors of Lessee duly authorizing the execution, delivery and performance by Lessee of each of the Operative
Agreements to which it is or will be a party and a statement that the resolutions have not been amended, modified, revoked or rescinded, (B) its certificate of incorporation and by-laws, in each case certified as of a recent date by the Secretary of
State of the State of its incorporation, as correct and complete copies and (C) the incumbency and signature of persons authorized to execute and deliver on its behalf the Operative Agreements to which it is a party and (ii) a good standing
certificate from the appropriate officer of each state in which any Property is located as to its good standing in such state; 
  
 (g) Haskell Slaughter & Young, L.L.C., counsel for the Lessee, shall have issued to the Lessor, the Agent, the Lenders and the Holders an opinion in
the form attached hereto as Exhibit A; 
  
 (h) As of the
Closing Date, there shall not have occurred any event, condition, situation or status since December 31, 1999 that has had or could reasonably be expected to result in a Material Adverse Effect; and 
  
 (i) The Agent and the Joint Lead Arrangers shall have received the fees to
be paid on the Closing Date pursuant to the Fee Letter, or any other Lender or Holder entitled to fees to be paid on the Closing Date by Lessee have received fees; which fees shall not be paid using the proceeds, if any, of the Loans or Holder
Advances. 
  
 6.2 Conditions to the Lessee’s
Obligations. 
  
 The obligation of the Lessee to consummate
the transactions contemplated by this Agreement on the Closing Date, including the obligation to execute and deliver the Operative Agreements to which it is a party on the Closing Date, is subject to (i) the accuracy and correctness on the Closing
Date of the representations and warranties of the other parties hereto contained herein, (ii) the accuracy and correctness on the Closing Date of the representations and warranties of the other parties hereto contained in any other Operative
Agreement or certificate delivered pursuant hereto or thereto, (iii) the performance by the other parties hereto of their respective agreements contained herein and in the other Operative Agreements, in each case to be performed by them on or prior
to the Closing Date, and (iv) the satisfaction or waiver by the Lessee of all of the following conditions on or prior to the Closing Date: 
  
 (a) Each of the Operative Agreements to be entered into on the Closing Date shall have been duly authorized, executed and delivered by the parties
thereto, other than the Lessee, and shall be in full force and effect, and no Default, other than Defaults of the Lessee, shall exist thereunder, and the Lessee shall have received a fully executed copy of each of the Operative Agreements (other
than Notes of which it shall have received a specimen); 
  
 (b)
In the reasonable opinion of the Lessee and its counsel, the transactions contemplated by the Operative Agreements do not violate any material Legal Requirements and will not subject Lessee to any materially adverse regulatory prohibitions or
constraints; 
  

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 (c) No action or proceeding shall have been instituted, nor shall any action or proceeding be threatened,
before any Governmental Authority, nor shall any order, judgment or decree have been issued or proposed to be issued by any Governmental Authority (i) to set aside, restrain, enjoin or prevent the full performance of this Agreement, any other
Operative Agreement or any transaction contemplated hereby or thereby or (ii) which is reasonably likely to have a Material Adverse Effect; 
  
 (d) The Lessee and the Agent shall each have received an Officer’s Certificate of the Lessor dated as of such Closing Date in the form attached
hereto as Exhibit E or in such other form as is reasonably acceptable to Lessee and the Agent, stating that (i) each and every representation and warranty of the Lessor contained in the Operative Agreements to which it is a party is true and
correct on and as of the Closing Date: (ii) each Operative Agreement to which the Lessor is a party is in full force and effect with respect to it, and (iii) the Lessor has duly performed and complied with all covenants, agreements and conditions
contained herein or in any Operative Agreement required to be performed or complied with by it on or prior to the Closing Date; 
  
 (e) The Lessee and the Agent shall each have received (i) a certificate of the Secretary, an Assistant Secretary, Trust Officer or Vice President of the
Trust Company in the form attached hereto as Exhibit F or in such other form as is reasonably acceptable to Lessee and the Agent, attaching and certifying as to (A) the signing resolutions, (B) its articles of incorporation or other
equivalent charter documents, as the case may be, certified as of a recent date by an appropriate officer of the Trust Company, (C) its bylaws and (D) the incumbency and signature of persons authorized to execute and deliver on its behalf the
Operative Agreements to which it is a party and (ii) a good standing certificate from the state of incorporation of the Trust Company; and 
  
 (f) Ray, Quinney & Nebeker, counsel for the Lessor, shall have issued to the Lessee, the Holders, the Lenders and the Agent an opinion in the form
attached hereto as Exhibit G. 
  
 6.3 Conditions to the
Agent’s and Lenders’ Obligations. 
  
 The obligation
of each of the Agent and the Lenders to consummate the transactions contemplated by this Agreement on the Closing Date, including the obligation to execute and deliver each of the Operative Agreements to which it is a party on the Closing Date, is
subject to (i) the accuracy and correctness on the Closing Date of the representations and warranties of the other parties hereto contained herein, (ii) the accuracy and correctness on the Closing Date of the representations and warranties of the
other parties hereto contained in any other Operative Agreement or certificate delivered pursuant hereto or thereto, (iii) the performance by the other parties hereto of their respective agreements contained herein and in the other Operative
Agreements, in each case to be performed by them on or prior to the Closing Date, and (iv) the satisfaction, or waiver by the Agent, of all of the following conditions on or prior to the Closing Date: 
  
 (a) Each of the Operative Agreements to be entered into on the Closing Date
shall have been duly authorized, executed and delivered by the parties thereto, other than the 

  

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Agent, and shall be in full force and effect, and no Default or Event of Default shall exist thereunder (both before and after giving effect to the
transactions contemplated by the Operative Agreements), and the Agent shall have received a fully executed copy of each of the Operative Agreements (including the Notes). The Operative Agreements (or memoranda thereof), any supplements thereto and
any financing statements and fixture filings in connection therewith required under the Uniform Commercial Code shall have been filed or shall be promptly filed, if necessary, in such manner as to enable the Lessor’s counsel to render its
opinion referred to in Section 6.2(f) hereof; 
  
 (b) The
satisfaction of each of the conditions set forth in Sections 6. 1(b), (c), (e), (f), (g), (h) and (i) and Sections 6.2(d), (e) and (f) hereof, and 
  
 (c) In the reasonable opinion of the Agent and its counsel, the transactions contemplated by the Operative Agreements do not
and will not violate any material Legal Requirements and do not and will not subject the Agent or the Lenders to any materially adverse regulatory prohibitions or constraints. 
  
 SECTION 7. REPRESENTATIONS AND WARRANTIES ON THE CLOSING DATE. 
  
 7.1 Representations and Warranties of the Holders. 
  
 Effective as of the Closing Date, each of the Holders represents and warrants
to each of the other parties hereto that: 
  
 (a) It is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its formation, and has the power and authority to carry on its business as now conducted and to enter into and perform its obligations under each Operative
Agreement to which it is or will be a party and each other agreement, instrument and document to be executed and delivered by it on or before each Closing Date in connection with or as contemplated by each such Operative Agreement to which it is or
will be a party; 
  
 (b) The execution, delivery and performance
of each Operative Agreement to which it is or will be a party have been duly authorized by all necessary corporate, limited liability company or partnership action on its part and neither the execution and delivery thereof, nor the consummation of
the transactions contemplated thereby, nor compliance by it with any of the terms and provisions thereof (i) requires or will require any approval of the stockholders of, or approval or consent of any trustee or holder of any indebtedness or
obligations of, such Holder which has not been obtained or is not in full force and effect, (ii) violates or will violate any Legal Requirement applicable to or binding on it (except no representation or warranty is made as to any Legal Requirement
to which it may be subject solely as a result of the activities of the Lessee) as of the date hereof, (iii) violates or will violate or result in any breach of or constitute any default under, or result in the creation of any Lien upon any Property
or any of the Improvements (other than Liens created by the Operative Agreements) under its certificate of incorporation or other equivalent charter documents, or any indenture, mortgage, chattel mortgage, deed of trust, conditional sales contract,
bank loan or credit agreement or other agreement or 

  

 9 

 
instrument to which it is a party or by which it or its properties is bound or affected or (iv) requires or will require any Governmental Action by any
Governmental Authority (other than arising solely by reason of the business, condition or activities of the Lessee or any Affiliate thereof or the construction or use of the Properties or the Improvements); 
  
 (c) This Agreement and each other Operative Agreement to which it is or will
be a party has been, or will be, duly executed and delivered by it and constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against it in accordance with the terms thereof, subject to the
effect of any applicable bankruptcy, moratorium, insolvency, reorganization or other similar laws affecting the enforceability of creditors’ rights generally and to the effect of general principles of equity (whether considered in a proceeding
at law or in equity); 
  
 (d) There is no action or proceeding
pending or, to its knowledge, threatened against it before any Governmental Authority that questions the validity or enforceability of any Operative Agreement to which it is or will become a party or that, if adversely determined, would materially
and adversely affect its ability to perform its obligations under the Operative Agreements to which it is a party; 
  
 (e) It has not assigned or transferred any of its right, title or interest in or under the Lease except in accordance with the Operative Agreements;

  
 (f) No Default or Event of Default under the Operative
Agreements attributable to it has occurred and is continuing; 
  
 (g) Except as otherwise contemplated by the Operative Agreements, it has not, it shall not, and it did not, nor shall it direct the Owner Trustee to, use the proceeds of any Loan or Holder Advance for any purpose other than the payment of
Transaction Expenses and the fees, expenses and other disbursements referenced in Section 9.1 of this Agreement; and 
  
 (h) It is acquiring its interest in the Trust Estate for its own account for investment and not with a view to any distribution (as such term is used in
Section 2(11) of the Securities Act) thereof, and no part of such amount constitutes the assets of any Employee Benefit Plan and if in the future it should decide to dispose of its interest in the Trust Estate, it understands that it may do so only
in compliance with the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder and any applicable state securities laws. Neither it nor anyone authorized to act on its behalf has taken or will take any
action which would subject, as a direct result of such action alone, the issuance or sale of any interest in any Property, the Trust Estate or the Lease to the registration requirements of Section 5 of the Securities Act. No representation or
warranty contained in this Section 7.1(g) shall include or cover any action or inaction of the Lessee or any Affiliate thereof whether or not purportedly on behalf of the Holders, the Owner Trustee or any of their Affiliates. 
  

 10 

 7.2 Representations and Warranties of the Owner Trustee. 
  
 Effective as of the Closing Date, the Trust Company in its individual
capacity and as the Owner Trustee, as indicated, represents and warrants to each of the other parties hereto as follows, provided, that the representations in paragraphs (h), (i), (j) and (k) below are made solely in its capacity as the Owner
Trustee: 
  
 (a) It is a national banking association duly
organized, validly existing and in good standing under the laws of the United States of America and has the power and authority to enter into and perform its obligations under the Trust Agreement and (assuming due authorization, execution and
delivery of the Trust Agreement by the Holders) has the corporate and trust power and authority to act as the Owner Trustee and to enter into and perform the obligations under each of the other Operative Agreements to which Trust Company or the
Owner Trustee, as the case may be, is or will be a party and each other agreement, instrument and document to be executed and delivered by it on or before each Closing Date in connection with or as contemplated by each such Operative Agreement to
which Trust Company or the Owner Trustee, as the case may be, is or will be a party; 
  
 (b) The execution, delivery and performance of each Operative Agreement to which it is or will be a party, either in its individual capacity or (assuming due authorization, execution and delivery of the Trust
Agreement by the Holders) as the Owner Trustee, as the case may be, has been duly authorized by all necessary action on its pan and neither the execution and delivery thereof, nor the consummation of the transactions contemplated thereby, nor
compliance by it with any of the terms and provisions thereof (i) requires or will require any approval of its stockholders, or any approval or consent of any trustee or holders of any of its indebtedness or obligations, (ii) violates or will
violate any current law, governmental rule or regulation relating to its banking or trust powers, (iii) violates or will violate or result in any breach of or constitute any default under, or result in the creation of any Lien upon any of its
property under, (A) its charter or by-laws, or (B) any indenture, mortgage, chattel mortgage, deed of trust, conditional sales contract, bank loan or credit agreement or other agreement or instrument to which it is a party or by which it or its
properties may be bound or affected, which violation, breach, default or Lien under clause (B) would materially and adversely affect its ability, in its individual capacity or as Owner Trustee, to perform its obligations under the Operative
Agreements to which it is a party or (iv) requires or will require any Governmental Action by any Governmental Authority regulating its banking or trust powers; 
  
 (c) The Trust Agreement and, assuming the Trust Agreement is the legal, valid and binding obligation of the Holders, each
other Operative Agreement to which the Trust Company or the Owner Trustee, as the case may be, is or will be a party have been, or will be, duly executed and delivered by Trust Company or the Owner Trustee, as the case may be, and the Trust
Agreement and each such other Operative Agreement to which Trust Company or the Owner Trustee, as the case may be, is a party constitutes, or upon execution and delivery will constitute, a legal, valid and binding obligation enforceable against
Trust Company or the Owner Trustee, as the case may be, in accordance with the terms thereof; 
  

 11 

 (d) There is no action or proceeding pending or, to its knowledge, threatened to which it is or will be a
party, either in its individual capacity or as the Owner Trustee, before any Governmental Authority that, if adversely determined, would materially and adversely affect its ability, in its individual capacity or as Owner Trustee, to perform its
obligations under the Operative Agreements to which it is a party or would question the validity or enforceability of any of the Operative Agreements to which it is or will become a party; 
  
 (e) It has not assigned or transferred any of its right, title or interest
in or under the Lease, any other Operative Agreement or any Property, except in accordance with the Operative Agreements; 
  
 (f) The Lessor is not in default under or with respect to any of its Contractual Obligations in any respect which could have a material adverse effect on
the assets, liabilities, operations, business or financial condition of the Lessor. No Default or Event of Default under the Operative Agreements attributable to the Owner Trustee has occurred and is continuing; 
  
 (g) Except as otherwise contemplated in the Operative Agreements, the Owner
Trustee shall not use the proceeds of the Loans and Holder Advances for any purpose other than solely in accordance with the provisions of the Operative Agreements; 
  
 (h) Neither the Owner Trustee nor any Person authorized by the Owner Trustee to act on its behalf has offered or sold any
interest in the Trust Estate or the Notes, or in any similar security relating to any Property, or in any security the offering of which for the purposes of the Securities Act would be deemed to be part of the same offering as the offering of the
aforementioned securities to, or solicited any offer to acquire any of the same from, any Person other than, in the case of the Notes, the Lenders, and neither the Owner Trustee nor any Person authorized by the Owner Trustee to act on its behalf
will take any action which would subject, as a direct result of such action alone, the issuance or sale of any interest in the Trust Estate or the Notes to the provisions of Section 5 of the Securities Act, or require the qualification of any
Operative Agreement under the Trust Indenture Act of 1939, as amended: 
  
 (i) The Owner Trustee’s chief place of business, chief executive office and office where the documents, accounts and records relating to the transactions contemplated by this Agreement and each other Operative Agreement are kept are
located at 79 South Main Street, Salt Lake City, Utah 84111; 
  
 (j) The Owner Trustee is not engaged principally in, and does not have as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of
the Board of Governors of the Federal Reserve System of the United States), and no part of the proceeds of the Loans or the Holder Advances will be used by it to purchase or carry any margin stock or to extend credit to others for the purpose of
purchasing or carrying any such margin stock or for any purpose that violates, or is inconsistent with, the provisions of Regulations T, U, or X of the Federal Reserve Board; 
  

 12 

 (k) The Owner Trustee is not a “holding company” or a “subsidiary company” of a
“holding company” or an “affiliate” of a “holding company” or a “public utility” within the meaning of the Public Utility Holding Company Act of 1935, as amended, or a “public utility” within the
meaning of the Federal Power Act, as amended. The Owner Trustee is not an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act or an “investment
adviser” within the meaning of the Investment Advisers Act of 1940, as amended; and 
  
 (l) The Properties are free and clear of all Lessor Liens. 
  
 7.3 Representations and Warranties of the Lessee. 
  
 Effective as of the Closing Date, the Lessee represents and warrants to each of the other parties hereto that: 
  
 (a) It and each of its Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and is
duly qualified to do business in each other jurisdiction where the nature of its business makes such qualification necessary, except where such failure to so qualify would not have a Material Adverse Effect. The Lessee and each of its Subsidiaries
has the power and authority to carry on its business as now conducted and to enter into and perform its obligations under each Operative Agreement to which it is or will be a party and each other agreement, instrument and document to be executed and
delivered by it on or before the Closing Date in connection with or as contemplated by each such Operative Agreement to which it is or will be a party; 
  
 (b) The execution, delivery and performance by the Lessee and each of its relevant Subsidiaries of this Agreement and the other Operative Agreements to
which each is or will be a party (i) have been duly authorized by all necessary corporate action on the part of the Lessee and each such Subsidiary (including any necessary shareholder action), (ii) have received all necessary governmental approval,
and (iii) do not and will not (A) violate any Legal Requirement, decree, judgment or award or order of any Governmental Authority, (B) violate or conflict with, or result in a breach of, any provision of the Certificate of Incorporation. By-Laws or
other organizational documents of the Lessee or any of its Subsidiaries, or any indenture, mortgage, chattel mortgage, deed of trust, conditional sales contract, bank loan, credit agreement or other agreement, instrument or document to which the
Lessee or any of its Subsidiaries is a party or which is binding on the Lessee or any of its Subsidiaries or any of their respective properties, or (C) result in, or require, the creation or imposition of any Lien (other than pursuant to the terms
of the Operative Agreements) on any asset of the Lessee or any of its Subsidiaries; 
  
 (c) Each of this Agreement and each other Operative Agreement to which the Lessee or any of its Subsidiaries is or will be a party has been, or will be, duly executed and delivered by it and constitutes, or upon
execution and delivery will constitute, the legal, valid and binding obligation of the Lessee or such Subsidiary, as the case may be, enforceable against it in accordance with the terms thereof. The Lessee and each of its 

  

 13 

 
relevant Subsidiaries have each executed the various Operative Agreements required to be executed as of the Closing Date: 
  
 (d) Except as disclosed in the Lessee’s annual report on Form 10-K for
the year ended December 31, 1999, there are no actions, suits or proceedings (including, without limitation, any derivative action) pending or, to the knowledge of the Lessee, threatened with respect to the Lessee or any of its Subsidiaries which,
if adversely decided, are reasonably likely to result, either individually or collectively, in a Material Adverse Effect. None of the Lessee or any of its Subsidiaries has any material contingent liabilities not provided for or disclosed in the
financial statements referred to in Section 7.3(f), which are required in accordance with GAAP to be reported in such financial statements; 
  
 (e) No Governmental Action by any Governmental Authority or authorization, registration, consent, approval, waiver, notice or other action by, to or of
any other Person is required to authorize or is required in connection with (i) the leasing of the Properties, (ii) the execution, delivery or performance of any Operative Agreement, or (iii) the legality, validity, binding effect or enforceability
of any Operative Agreement, in each case except those which have been obtained and are in full force and effect; 
  
 (f) (i) The audited consolidated financial statements of the Consolidated Entities as of December 31, 1999, copies of which have been furnished to the
Agent and the Owner Trustee, were prepared in accordance with GAAP applied on a consistent basis and fairly present the financial condition of the Lessee and the other Consolidated Entities on a consolidated basis as of such date and their
consolidated results of operations for the fiscal year then ended and (ii) the unaudited consolidated financial statements as at June 30, 2000, copies of which have been furnished to the Agent and the Owner Trustee, were prepared in accordance with
GAAP applied on a consistent basis (subject to normal year-end adjustments) and fairly present in all material respects the financial condition of the Lessee and its Consolidated Entities on a consolidated basis as of such date and its consolidated
results of operations for the fiscal period then ended and such two-quarter period, respectively; 
  
 (g) Since the date of the audited financial statements described in Section 7.3(f) there has been no event or occurrence which has had or is reasonably
likely to have a Material Adverse Effect; 
  
 (h) The Lessee
knows of no proposed material tax assessments against it or any of its Subsidiaries. No extension of time for assessment or payment of any material federal, state or local tax by the Lessee or any of its Subsidiaries is in effect; 
  
 (i) Each of the Lessee and its ERISA Affiliates is in compliance in all
material respects with the applicable provisions of ERISA and the regulations and published interpretations thereunder. The execution and delivery of the Operative Agreements will not involve any prohibited transaction within the meaning of ERISA,
the Lessee and each ERISA Affiliate has fulfilled its obligations under the minimum funding standards imposed by ERISA and each is in compliance in all material respects with the applicable 

  

 14 

 
provisions of ERISA, and no “Reportable Event,” as defined in Section 4043(b) of Title IV of ERISA, has occurred with respect to any plan
maintained by the Lessee or any of its ERISA Affiliates. No Reportable Event has occurred as to which the Lessee or any ERISA Affiliate was required to file a report with the PBGC, and the present value of all benefit liabilities under each Plan
(based on those assumptions used to fund such Plan) did not, as of the last annual valuation date applicable thereto, exceed by more than $1,000,000 the value of the assets of such Plan. Neither the Lessee nor any ERISA Affiliate has incurred any
Withdrawal Liability which remains unpaid and that could result in a Material Adverse Effect. Neither the Lessee nor any ERISA Affiliate has received any notification that any Multiemployer Plan is in reorganization or has been terminated within the
meaning of Title IV of ERISA, and to the best knowledge of the Lessee no Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, where such reorganization or termination has resulted or could reasonably be expected to
result, through increases in the contributions required to be made to such Plan or otherwise, in a Material Adverse Effect: 
  
 (j) Upon the execution and delivery of the Lease, (i) the Lessee will have unconditionally accepted the Properties and will have a valid and subsisting
leasehold interest in the Properties, subject only to the Permitted Exceptions, and (ii) no offset will exist with respect to any Rent or other sums payable under the Lease; 
  
 (k) Neither the Lessee nor any of its Subsidiaries has filed a voluntary petition in bankruptcy or been adjudicated a
bankrupt or insolvent, or filed any petition or answer seeking any reorganization, liquidation, receivership, dissolution or similar relief under any bankruptcy, receivership, insolvency, or other law relating to relief for debtors, or sought or
consented to or acquiesced in the appointment of any trustee, receiver, conservator or liquidator of all or any part of its properties or its interest in any Property. No court of competent jurisdiction has entered an order, judgment, or decree
approving a petition filed against the Lessee or any of its Subsidiaries seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any federal or state bankruptcy, receivership, insolvency
or other law relating to relief for debtors, and no other liquidator has been appointed for the Lessee or any of its Subsidiaries or all or any part of its properties or its interest in any Property, and no such action is pending. Neither the Lessee
nor any of its Subsidiaries has given notice to any Governmental Authority or any Person of insolvency or pending insolvency, or suspension or pending suspension of operations; 
  
 (l) The Lessee has a subsisting leasehold interest in all of the Properties free and clear of all Liens, except Permitted
Liens. The Lessee has complied with all obligations under all leases relating to the Properties to which it is a party and all such leases are in full force and effect. Each of the Lessee and its Subsidiaries enjoys peaceful and undisturbed
possession under all such leases; 
  
 (m) Neither the Lessee nor
any of its Subsidiaries is (a) an “investment company” or a company “controlled” by an “investment company”‘, within the meaning of the Investment Company Act or an “investment adviser” within the meaning
of the Investment Advisers Act of 1940, as amended, or (b) a “holding company”, or a 

  

 15 

 
“subsidiary company” of a “holding company”, or an “affiliate” of a “holding company” or of a “subsidiary
company” of a “holding company”, or a “public utility”, within the meaning of the Public Utility Holding Company Act of 1935, as amended, or a “public utility” within the meaning of the Federal Power Act. as
amended; 
  
 (n) Neither the Lessee nor any of its Subsidiaries
is engaged principally in, or has as one of its important activities, the business of extending credit for the purpose of purchasing or carrying any margin stock (within the meaning of Regulation U of the Federal Reserve Board), and no part of the
proceeds of the Loans or the Holder Advances will be used for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any margin stock or maintaining or extending credit to others for such purpose, or for any purpose that
violates, or is inconsistent with Regulations T, U, or X of the Federal Reserve Board; 
  
 (o) The Lessee and each of its Subsidiaries has filed all material tax returns and reports required by Law to have been filed by it and has paid all Taxes and governmental charges thereby shown to be owing, except any
such Taxes or charges which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves shall in accordance with GAAP have been set aside on its books: 
  
 (p) To the best of the knowledge of the Lessee, after reasonable inquiry,
the Lessee and each Subsidiary is in material compliance with all Environmental Laws and Occupational Safety and Health Laws where failure to comply could have a Material Adverse Effect. Neither the Lessee nor any of its Subsidiaries has received
notice of any claims that any of them is not in compliance in all material respects with any Environmental Law where failure to comply could have a Material Adverse Effect; 
  
 (q) The Lessee and each of its Subsidiaries is in compliance with all statutes, judicial and administrative orders, permits
and governmental rules and regulations which are material to its business except for such non-compliance as would not have a Material Adverse Effect; 
  
 (r) No financial statement, document, certificate or other written communication furnished to the Agent, the Owner Trustee, any Lender or any Holder by or
on behalf of the Lessee or any Consolidated Entity, or to the extent not a Consolidated Entity any Subsidiary, in connection with any Operative Agreement contains any untrue statement of a material fact or omits to state a material fact necessary to
make the statements contained herein or therein not misleading. There is no fact known to the Lessee that materially adversely affects the business or condition of the Lessee or any Material Group that has not been disclosed herein or in such
financial statements; 
  
 (s) Each of the Arizona Ground Lease
Documents has been duly executed and delivered by each of the parties thereto and constitute the legal, valid and binding obligation enforceable against each such party in accordance with the terms thereof; 
  
 (t) The Properties consist of (i) Land and existing Improvements thereon
which Improvements are suitable for occupancy and (ii) Equipment; 
  

 16 

 (u) Each of the Deeds, the Memoranda of Lease and the Mortgages has been recorded with, or delivered for
recording to, the appropriate Governmental Authorities; 
  
 (v)
Upon recording, each of the Mortgage Instruments and the Memorandum of Lease will constitute a valid and perfected first lien on the Property described thereto in an amount not less than the Loans, subject only to the Permitted Exceptions;

  
 (w) Upon filing of each of the UCC Financing Statements (with
respect to each Property) in the filing offices designated by the Lessee, such UCC Financing Statements will have been filed with the appropriate Governmental Authorities in order to perfect a security interest in the Property described therein (to
the extent perfection can be obtained by filing under the UCC); 
  
 (x) Upon filing in the filing offices designated by the Lessee, the Lender Financing Statements, together with an assignment to the Agent of the filed Lessor Financing Statements, will perfect a valid first priority security interest (in
favor of the Agent, for the benefit of itself, the Lenders and the Holders) in the Properties and other collateral described therein in which a security interest or mortgage can be perfected by filing under the UCC, and upon filing, the Lessor
Financing Statements will protect Lessor’s interest under the Lease to the extent the Lease is a security agreement and mortgage; 
  
 (y) No portion of any Property is located in an area identified as a special flood hazard area by the Federal Emergency Management Agency or other
applicable agency, or if any Property is located in an area identified as a special flood hazard area by any such agency, then flood insurance has been obtained for the Property in accordance with Section 14.2(b) of the Lease and in accordance with
the National Flood Insurance Act of 1968, as amended: 
  
 (z)
None of the Properties consists of Tangible Personal Property: 
  
 (aa) The Lessee has obtained insurance coverage for each Property which meets the requirements of Article XIV of the Lease and all of such coverage is in full force and effect; 
  
 (bb) The Properties comply with all Legal Requirements (including, without limitation, all zoning and land use laws and
Environmental Laws), except to the extent that failure to comply therewith would not, individually or in the aggregate, have a Material Adverse Effect; 
  
 (cc) All consents, licenses, permits, authorizations, assignments and building permits required, as of the Closing Date, by a Legal Requirement or
pursuant to the terms of any contract, indenture, instrument or agreement for construction, completion, occupancy, operation, leasing or subleasing of the Properties have been obtained and are in full force and effect, except to the extent that the
failure to so obtain would not, individually or in the aggregate, have a Material Adverse Effect; 
  
 (dd) All Improvements comply with all applicable Legal Requirements and Insurance Requirements (including, without limitation, all zoning and land use
laws and 

  

 17 

 
Environmental Laws), except to the extent the failure to comply therewith would not, individually or in the aggregate, have a Material Adverse Effect. Such
Improvements do not encroach in any manner onto any adjoining land (except as permitted by express written easements) and such Improvements and the use thereof by the Lessee and its agents, assignees, employees, invitees, lessees, licensees and
tenants comply in all respects with all applicable Legal Requirements (including, without limitation, all applicable Environmental Laws and building, planning, zoning and fire codes), except to the extent the failure to comply therewith would not,
individually or in the aggregate, have a Material Adverse Effect. There are no material defects to such Improvements including, without limitation, the plumbing, heating, air conditioning and electrical systems thereof and all water, sewer,
electric, gas, telephone and drainage facilities and all other utilities required to adequately service such Improvements for their intended use are available pursuant to adequate permits (including any that may be required under applicable
Environmental Laws), except to the extent that failure to obtain any such permit would not, individually or in the aggregate, have a Material Adverse Effect. There is no action, suit or proceeding (including any proceeding in condemnation or eminent
domain or under any Environmental Law) pending or, to the best knowledge of the Lessee, threatened which adversely affects the title to, or the use, operation or value of, the Properties. No fire or other casualty with respect to the Properties has
occurred which has had a Material Adverse Effect. All utilities serving the Properties are located in and vehicular access to such Improvements is provided by (or will be provided by), either public rights-of-way abutting each related Property or
Appurtenant Rights. All licenses, approvals, authorizations, consents, permits (including, without limitation, building, demolition and environmental permits, licenses, approvals, authorizations and consents), easements and rights-of-way, including
proof of dedication, required for (i) the use, treatment, storage, transport, disposal or disposition of any Hazardous Substance on, at, under or from the real property underlying such Improvements during the use and operation of such Improvements,
and (ii) the use and operation of such Improvements with the applicable Equipment which such Improvements support for the purposes for which they were intended have been obtained from the appropriate Governmental Authorities or from private parties,
as the case may be; 
  
 (ee) Construction of Improvements has
been performed in a good and workmanlike manner in compliance with all Insurance Requirements and Legal Requirements, except to the extent noncompliance with any Legal Requirements would not, individually or in the aggregate, have a Material Adverse
Effect; 
  
 (ff) The Improvements are wholly within any building
restriction lines (unless consented to by applicable Government Authorities), however established; 
  
 (gg) The Advance is secured by the Lien of the Security Documents, and the Lessee has not received any notice of, or taken any action to incur, any Lien
against the applicable Improvements other than Permitted Liens; 
  
 (hh) All conditions precedent contained in this Agreement and in the other Operative Agreements relating to the Closing Date have been substantially satisfied; and 
  

 18 

 (ii) All utility services and facilities necessary for the use of the Improvements (including gas,
electrical, water and sewage services and facilities) are available to the Properties. 
  
 7.4 Representations and Warranties of the Agent. 
  
 Effective as of the Closing Date, the Agent represents and warrants to each of the other parties hereto that: 
  
 (a) It has the full power and authority to enter into and perform its obligations under this Agreement and each other Operative Agreement to which it is
or will be a party; 
  
 (b) The execution, delivery and
performance by the Agent of this Agreement and each other Operative Agreement to which it is or will be a party are not, and will not be, inconsistent with the charter documents of the Agent, do not and will not contravene any applicable Law of the
State of Connecticut or of the United States of America governing its activities and will not contravene any provision of, or constitute a default under any indenture, mortgage, contract or other instrument to which it is a party or by which it or
its properties are bound, or require any consent or approval of any Governmental Authority under any applicable law. rule or regulation of the State of Connecticut or any federal law, rule or regulation of the United States of America governing its
activities; 
  
 (c) Each of this Agreement and each other
Operative Agreement to which it is a party has been, or when executed and delivered will be, duly authorized by all necessary corporate action on the part of the Agent and has been, or on such Closing Date will be, duly executed and delivered by the
Agent and, assuming the due authorization, execution and delivery hereof and thereof by the other parties hereto and thereto, will constitute a legal, valid and binding obligation enforceable against the Agent in accordance with the terms thereof;
and 
  
 (d) Except as otherwise contemplated by the Operative
Agreements, the Agent shall not, nor shall it direct the Owner Trustee to, use the proceeds of any Loan for any purpose other than the payment of Transaction Expenses and the fees, expenses and other disbursements referenced in Section 9.1 of
this Agreement. 
  
 SECTION 8. INTENTIONALLY DELETED.

  
 SECTION 9. PAYMENT OF CERTAIN EXPENSES. 
  
 9.1 Transaction Expenses. 
  
 Lessee agrees on the Closing Date, to pay, or cause to be paid, all
reasonable fees, expenses and disbursements of the various legal counsels for the Lessor and the Agent in connection with the transactions contemplated by the Operative Agreements and incurred in connection with the Closing Date, including all
Transaction Expenses, all fees, expenses and disbursements incurred with respect to the various items referenced in Sections 5.3 (including without limitation the cost of any Appraisals or environmental site assessments, any developer’s
fees, any premiums for title insurance policies and charges for any updates to such policies) and 

  

 19 

 
all other reasonable fees, expenses and disbursements in connection with the Closing Date, and including, without limitation, all expenses relating to and
all fees (including brokers’ fees), taxes (including any and all stamp, transfer or similar taxes) and expenses for the recording, registration and filing of documents. 
  
 9.2 Certain Fees and Expenses. 
  
 The Lessee agrees to pay or cause to be paid (i) the initial and annual Owner Trustee’s fee and all reasonable expenses
of the Owner Trustee and any necessary co-trustees (including without limitation reasonable counsel fees and expenses) or any successor owner trustee, for acting as owner trustee under the Trust Agreement, (ii) all reasonable costs and expenses
incurred by the Lessee, the Agent, the Lenders, the Holders or the Lessor (including without limitation reasonable counsel fees and expenses) in entering into any actual or proposed future amendments or supplements requested by the Lessee with
respect to any of the Operative Agreements, whether or not such amendments or supplements are ultimately entered into, or giving or withholding of waivers of consents hereto or thereto which have been requested by the Lessee, and (iii) all
reasonable costs and expenses incurred by the Lessor, the Lessee, the Holders, the Lenders or the Agent in connection with the enforcement of any Operative Agreement or any exercise of remedies under any Operative Agreement or any purchase of the
Property by the Lessee pursuant to Article XX of the Lease. 
  
 SECTION 10. OTHER COVENANTS AND AGREEMENTS. 
  
 10.1 Cooperation with the Lessee. 
  
 The Holders,
the Owner Trustee (at the direction of the Holders) and the Agent shall, to the extent reasonably requested by the Lessee (but without assuming additional liabilities on account thereof), at the Lessee’s expense, cooperate with the Lessee in
connection with its covenants contained herein including, without limitation, at any time and from time to time, upon the request of the Lessee, promptly and duly executing and delivering any and all such further instruments, documents and financing
statements (and continuation statements related thereto) as the Lessee may reasonably request in order to perform such covenants. 
  
 10.2 Covenants of the Owner Trustee and the Holders. 
  
 Each of the Owner Trustee and each of the Holders, each individually and not jointly, hereby agree that so long as this Agreement is in effect:

  
 (a) None of the Holders and the Owner Trustee (both in its
trust capacity and in its individual capacity) will create or permit to exist at any time, and each of the Holders and the Owner Trustee will, at its own cost and expense, promptly take such action (and notify Lessee of such action) as may be
necessary duly to discharge, or to cause to be discharged, all Lessor Liens attributable to it on the Properties; provided, however, that the Holders and the Owner Trustee shall not be required to discharge any such Lessor Lien while the same
is being contested in good faith by appropriate proceedings diligently prosecuted so long as (a) such proceedings shall not involve any material danger of impairment of the Liens of the Security Documents or of the sale, forfeiture or loss of, the
Properties or title thereto or any interest therein or the payment of Rent, and 

  

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(b) such proceedings shall not materially interfere with the disposition of any Property or title thereto or interest therein or the payment of Rent or the
possession and use of the Properties by the Lessee; 
  
 (b)
Without prejudice to any right of the Owner Trustee under the Trust Agreement to resign (subject to the requirement set forth in the Trust Agreement that such resignation shall not be effective until a successor shall have agreed to accept such
appointment), or the Holders’ rights under the Trust Agreement to remove the institution acting as Owner Trustee (after consent to such removal by the Agent as provided in the Trust Agreement), each of the Holders and the Owner Trustee hereby
agrees with the Lessee and the Agent (i) not to terminate or revoke the trust created by the Trust Agreement except as permitted by Article VIII of the Trust Agreement, (ii) not to amend, supplement, terminate or revoke or otherwise modify
any provision of the Trust Agreement in such a manner as to adversely affect the rights of the Lessee or the Agent without the prior written consent of such party and (iii) to comply with all of the terms of the Trust Agreement, the nonperformance
of which would adversely affect any such party; 
  
 (c) The Owner
Trustee or any successor may resign or be removed by the Holders as Owner Trustee, a successor Owner Trustee may be appointed and a corporation may become the Owner Trustee under the Trust Agreement, only in accordance with the provisions of
Article IX of the Trust Agreement and, with respect to such appointment, with the consent of the Lessee, which consent shall not be unreasonably withheld, conditioned or delayed; 
  
 (d) The Owner Trustee, in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, shall
not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative Agreements: 
  
 (e) The Holders will not instruct the Owner Trustee to take any action in violation of the terms of any Operative Agreement;

  
 (f) Neither any Holder nor the Owner Trustee shall (i)
commence any case, proceeding or other action with respect to the Owner Trustee under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, arrangement, winding-up. liquidation,
dissolution, composition or other relief with respect to it or its debts, or (ii) seek appointment of a receiver, trustee. custodian or other similar official with respect to the Owner Trustee or for all or any substantial benefit of the creditors
of the Owner Trustee; and neither any Holder nor the Owner Trustee shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in this paragraph; 
  
 (g) The Owner Trustee shall give prompt notice to the Lessee and the Agent
if the Owner Trustee’s chief place of business or chief executive office, or the office where the records concerning the accounts or contract rights relating to any Property are kept, shall cease to be located at 79 South Main Street, Salt Lake
City, Utah 84111, or if it shall change its name; 
  

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 (h) Provided that no Lease Default or Lease Event of Default has occurred and is continuing, neither the
Owner Trustee nor any Holder shall, without the prior written consent of the Lessee, consent to or permit any amendment, supplement or other modification of the terms and provisions of the Credit Agreement or the Notes; 
  
 (i) Neither the Owner Trustee nor any Holder shall consent to or permit any
amendment, supplement or other modification of the terms and provisions of any Operative Agreement, in each case without the prior written consent of the Agent except as described in Section 10.5 of this Agreement; and 
  
 (j) The Owner Trustee (i) shall take such actions and shall refrain from
taking such actions with respect to the Operative Agreements or the Properties and shall grant such approvals and otherwise act or refrain from acting with respect to the Operative Agreements or the Properties in each case as directed in writing by
the Agent or, to the extent required by Section 10.5 hereof, the Lessee, notwithstanding any contrary instruction or absence of instruction by any Holder or Holders; and (ii) shall not take any action, grant any approvals or otherwise act
under or with respect to the Operative Agreements or any matters relating to the Properties without first obtaining the prior written consent of the Agent (and without regard to any contrary instruction or absence of instruction by any Holder);
provided, however, that notwithstanding the foregoing provisions of this subparagraph (j) the Owner Trustee, the Agent and the Holders each acknowledge, covenant and agree that, with respect to all matters under the Operative Agreements that
require the consent or concurrence of all of the Lenders pursuant to the terms of Section 9.1 of the Credit Agreement (the “‘Unanimous Vote Matters”), neither the Owner Trustee nor the Agent shall act or refrain from acting
with respect to any Unanimous Vote Matter until such party has received the approval of each Lender and each Holder with respect thereto. 
  
 10.3 Lessee Covenants, Consents, Acknowledgments and Representation. 
  
 (a) Lessee acknowledges and agrees that the Owner Trustee, pursuant to the terms and conditions of the Security Agreement
and the Mortgage Instruments, shall create Liens respecting the various personal property, fixtures and real property described therein in favor of the Agent. Lessee hereby irrevocably consents to the creation, perfection and maintenance of such
Liens: 
  
 (b) Lessor hereby instructs Lessee, and Lessee hereby
acknowledges and agrees, that until such time as the Loans are paid in full and the Liens evidenced by the Security Agreement and the Mortgage Instruments have been released, (i) any and all Rent and any and all other amounts of any kind or type
under any of the Operative Agreements due and owing or payable to the Lessor or the Owner Trustee shall instead be paid directly to the Agent or as the Agent may direct from time to time and (ii) Lessee shall cause all notices, certificates,
financial statements, communications and other information which is delivered, or is required to be delivered, to the Lessor, the Owner Trustee or any Holder also to be delivered at the same time to the Agent; 
  

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 (c) Lessee shall not consent to or permit any amendment, supplement or other modification of the terms or
provisions of any Operative Agreement without, in each case, obtaining the prior written consent of the Agent and, to the extent required by the proviso at the end of Section 10.2(j) hereof, each of the Holders; 
  
 (d) Except as otherwise contemplated by the Operative Agreements, neither
the Owner Trustee nor the Lessee has used or shall use the proceeds of any Holder Advance for any purpose other than the payment of (i) the Property Cost and (ii) Transaction Expenses and the fees, expenses and other disbursements referenced in
Section 9.1 of this Agreement; 
  
 (e) The Lessee shall
not permit any of the Property to consist of Tangible Personal Property; and, without limiting the generality of the first clause of this paragraph (e), the Lessee shall not permit the aggregate Property Cost of any “Personal Property” (as
defined in the Arizona Ground Lease) located at, or included in, the Arizona Property to exceed $3,000,000; 
  
 (f) The Lessee covenants and agrees that aggregate appraised enterprise value of all Properties as shown in the most recent Appraisals of each Property
received by the Agent pursuant to Section 5.3 or otherwise shall at all times be greater than or equal to 50% of the aggregate Property Cost of all Properties; and any Appraisal obtained to comply with this provision shall be at the Lessee’s
sole cost and expense; and to confirm compliance with this provision, the Lessee expressly agrees to provide an Appraisal to the Agent from time to time at the request of the Agent within sixty (60) days of such request, at the expense of Lessee,
but not more often than once per calendar year; 
  
 (g) The
Lessee agrees to perform each of the Incorporated Covenants and any other covenants set forth in (or incorporated by reference into) Article XXVIII of the Lease, in accordance with their respective terms; 
  
 (h) The Lessee shall not create or permit to exist at any time (and the
Lessee shall, at its own expense, take such action as may be necessary to duly discharge, or cause to be discharged) any Lien against any Property other than Permitted Liens and Lessor Liens; 
  
 (i) The Lessee has performed or has caused to be performed all actions
recommended or required by the Environmental Reports, or has undertaken to perform such actions, such performance to be reasonably satisfactory to the Agent; 
  

(j) The Lessee shall pay (when and as due) any fees pursuant to the Fee Letter; and 
  
 (k) The Lessee agrees that the provisions of the Fee Letter or any other letter entitling any Lender to fees to be paid by
Lessee shall remain in full force and effect after the Closing Date. 
  
 10.4 Sharing of Certain Payments. 
  
 The parties
hereto acknowledge and agree that all payments due and owing by the Lessee to the Lessor under the Lease or any of the other Operative Agreements shall be made by 

  

 23 

 
the Lessee directly to the Agent as more particularly provided in Section 10.3 hereof. The Holders and the Agent, on behalf of the Lenders,
acknowledge the terms of Section 8 of the Credit Agreement regarding the allocation of payments and other amounts made or received from time to time under the Operative Agreements and agree all such payments and amounts are to be allocated as
provided in Section 8 of the Credit Agreement. In connection therewith the Holders hereby (a) appoint the Agent to act as collateral agent for the Holders in connection with the Lien granted by the Mortgage Instruments and other Security
Documents to secure the Holder Amount and (b) acknowledge and agree and direct that the rights and remedies of the beneficiaries of the Lien of the Mortgage Instruments and other Security Documents shall be exercised by the Agent on behalf of the
Lenders and the Holders as directed from time to time by the Lenders without notice to or consent from the Holders. 
  
 10.5 Grant of Easements, etc. 
  
 The Agent and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Agent gives
instructions to the contrary to the Owner Trustee, the Owner Trustee shall, from time to time at the request of the Lessee, in connection with the transactions contemplated by the Lease or the other Operative Agreements, (i) grant easements and
other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument
appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the operation of any Property, including, without limitation, reciprocal easement agreements,
operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements and documents referred to in this Section 10.5 shall be of the type normally executed by the Lessee in the ordinary course
of the Lessee’s business, or consistent with local practice or as required by local Governmental Authorities, and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect. 
  
 SECTION 11. CREDIT AGREEMENT AND TRUST AGREEMENT. 
  
 11.1 Lessee’s Credit Agreement Rights. 
  
 Notwithstanding anything to the contrary contained in the Credit Agreement,
the Agent, the Lessee and the Owner Trustee hereby agree that, prior to the occurrence and continuation of any Lease Default or Lease Event of Default the Lessee (as designated below) shall have the following rights: 
  
 (a) The Lessee shall have the right to give the notice referred to in
Section 2.3 of the. Credit Agreement, to designate the account to which a borrowing under the Credit Agreement is to be credited pursuant to Section 2.3 of the Credit Agreement; 
  
 (b) the Lessee shall have the right to exercise the conversion and
continuation options pursuant to Section 2.1 of the Credit Agreement; 
  
 (c) the Lessee shall have the right to approve any successor agent pursuant to Section 7.8 of the Credit Agreement; 
  

 24 

 (d) the Lessee shall have the right to consent to any assignment by a Lender to which the Lessor has the
right to consent pursuant to Section 9.8 of the Credit Agreement; and 
  
 (e) without limiting the foregoing clauses (a) through (d), and in addition thereto, provided that no Event of Default then exists, the Lessee shall have the right to exercise any other right of the Owner Trustee
under the Credit Agreement upon not less than five (5) Business Days’ prior written notice from the Lessee to the Owner Trustee and the Agent. 
  
 11.2 Lessee’s Trust Agreement Rights. 
  
 Notwithstanding anything to the contrary contained in the Trust Agreement, the Lessee, the Owner Trustee and the Holders hereby agree that, prior to the
occurrence and continuation of any Lease Default or Lease Event of Default the Lessee (as designated below) shall have the following rights: 
  
 (a) the Lessee shall have the right to exercise the conversion and continuation options pursuant to Section 3.8 of the Trust Agreement; 

 
 (b) no removal of the Owner Trustee and appointment of a successor Owner
Trustee pursuant to Section 9.1 of the Trust Agreement shall be made without the prior written consent (not to be unreasonably withheld or delayed) of the Lessee; and 
  
 (c) the Holders and the Owner Trustee shall not amend, supplement or otherwise modify any provision of the Trust Agreement
in such a manner as to adversely affect the rights of the Lessee without the prior written consent (not to be unreasonably withheld or delayed) of the Lessee. 
  

SECTION 12. TRANSFER OF INTEREST. 
  
 12.1 Restrictions on Transfer. 
  
 The Holders may, directly or indirectly, assign, convey or otherwise transfer any of their right, title or interest in or to the Trust Estate or the Trust
Agreement with the prior written consent of the Agent, and (provided no Default or Event of Default has occurred and is continuing) the Lessee (which consent in each case shall not be unreasonably withheld or delayed); provided that such consents
shall not be required for an assignment to a Lender or an affiliate of a Lender. The Owner Trustee may, subject to the Lien of the applicable Security Documents, but only with the prior written consent of the Agent, the Holders (which consent may be
withheld by the Agent or the Holders in their sole discretion) and (provided no Default or Event of Default has occurred and is continuing) the Lessee, directly or indirectly, assign, convey, appoint an agent with respect to enforcement of, or
otherwise transfer any of the Owner Trustee’s right, title or interest in or to any Property, the Lease, the Trust Agreement, this Agreement (including, without limitation, any right to indemnification thereunder), or any other document
relating to a Property or any interest in a Property as provided in the Trust Agreement and the Lease. The provisions of the immediately preceding sentence shall not apply to the obligations of the Owner Trustee to transfer the Properties to the
Lessee or a third party 

  

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purchaser pursuant to Article XXII of the Lease upon payment for such Properties in accordance with each of the terms and conditions of the Lease.

  
 12.2 Effect of Transfer. 
  
 From and after any transfer effected in accordance with this Section
12, the transferor shall be released, to the extent of such transfer, from its liability hereunder and under the other documents to which it is a party in respect of obligations to be performed on or after the date of such transfer; provided,
however, that any transferor Holder shall remain liable under Article XI of the Trust Agreement to the extent that the transferee Holder shall not have assumed the obligations of the transferor Holder thereunder. Upon any transfer by the
Owner Trustee or a Holder as above provided, any such transferee shall assume the obligations of the Owner Trustee and Lessor or the obligations of a Holder, as the case may be, and shall be deemed an “Owner Trustee”, “Lessor” or
“Holder”, as the case may be, for all purposes of such documents and each reference herein to the transferor shall thereafter be deemed a reference to such transferee for all purposes, except as provided in the preceding sentence.
Notwithstanding any transfer of all or a portion of the transferor’s interest as provided in this Section 12, the transferor shall be entitled to all benefits accrued and all rights vested prior to such transfer including, without
limitation, rights to indemnification under any such document. 
  
 SECTION 13. INDEMNIFICATION. 
  
 13.1 General
Indemnity. 
  
 (a) Whether or not any of the transactions
contemplated hereby shall be consummated, the Indemnity Provider hereby assumes liability for and agrees to defend, indemnify and hold harmless each Indemnified Person on an After Tax Basis from and against any Claims which may be imposed on,
incurred by or asserted against an Indemnified Person by any other Person in any way relating to or arising or alleged to arise out of the execution, delivery, performance or enforcement of this Agreement, the Lease or any other Operative Agreement
or on or with respect to any Property or any part thereof, including, without limitation. Claims in any way relating to or arising or alleged to arise out of (i) the financing, refinancing, purchase, acceptance, rejection, ownership, design,
construction, refurbishment, development, delivery, acceptance, nondelivery, leasing, subleasing, possession, use, operation, maintenance, repair, modification, transportation, condition, sale, return, repossession (whether by summary proceedings or
otherwise), or any other disposition of any Property, or any part thereof, including the acquisition, holding or disposition of any interest in any Property, lease or agreement comprising a portion of any thereof; (ii) any latent or other defect in
any Property whether or not discoverable by an Indemnified Person or the Indemnity Provider; (iii) any Environmental Claim, any violation of Environmental Laws, or any other loss of or damage to any Property or the environment relating to any
Property, the Lease or the Indemnity Provider; (iv) the Operative Agreements, or any transaction contemplated thereby; (v) any breach by the Lessee of any of its representations or warranties under the Operative Agreements to which it is a party or
failure by the Lessee to perform or observe any covenant or agreement to be performed by it under any of the Operative Agreements; (vi) the transactions contemplated hereby or by any other Operative 

  

 26 

 
Agreement, in respect of the application of Parts 4 and 5 of Subtitle B of Title I of ERISA; (vii) any personal injury, death or property damage, including
without limitation Claims based on strict or absolute liability in tort: (viii) any easement, right, agreement or document referred to in Section 10.5 of this Agreement; or (ix) any Lien on any Property (other than Liens created by the
Operative Agreements). The foregoing indemnity shall not apply to a Claim imposed on, incurred by or asserted against an Indemnified Person to the extent such Claim arises from the gross negligence or willful misconduct of such Indemnified Person as
determined by a final judgment of a court of competent jurisdiction; 
  
 (b) If a written Claim is made against any Indemnified Person or if any proceeding shall be commenced against such Indemnified Person (including a written notice of such proceeding) for any Claim, such Indemnified Person shall promptly
notify the Indemnity Provider in writing and shall not take action with respect to such Claim without the consent of the Indemnity Provider for thirty (30) days after the receipt of such notice by the Indemnity Provider; provided, however,
that, in the case of any such Claim, if action shall be required by law or regulation to be taken prior to the end of such 30-day period, such Indemnified Person shall endeavor, in such notice to the Indemnity Provider, to inform the Indemnity
Provider of such shorter period, and no action shall be taken with respect to such Claim without the consent of the Indemnity Provider before seven (7) days before the end of such shorter period: provided, further, that the failure of such
Indemnified Person to give the notices referred to in this sentence shall not diminish the Indemnity Provider’s obligation hereunder except to the extent such failure materially precludes the Indemnity Provider from contesting such Claim;

  
 (c) If, within thirty (30) days of receipt of such notice
from the Indemnified Person (or such shorter period as the Indemnified Person has notified the Indemnity Provider is required by law or regulation for the Indemnified Person to respond to such Claim), the Indemnity Provider shall request in writing
that such Indemnified Person respond to such Claim, the Indemnified Person shall, at the expense of the Indemnity Provider, in good faith conduct and control such action (including, without limitation by pursuit of appeals) provided, however,
that (A) if such Claim can be pursued by the Indemnity Provider on behalf of or in the name of such Indemnified Person, the Indemnified Person, at the Indemnity Provider’s request, shall allow the Indemnity Provider to conduct and control the
response to such Claim and (B) in the case of any Claim, the Indemnified Person may request the Indemnity Provider to conduct and control the response to such Claim (with counsel to be selected by the Indemnity Provider and consented to by such
Indemnified Person, such consent not to be unreasonably withheld, conditioned or delayed; provided however, that any Indemnified Person may retain separate counsel at the expense of the Indemnity Provider in the event of a conflict)) by, in
the sole discretion of the Person conducting and controlling the response to such Claim, (1) resisting payment thereof, (2) not paying the same except under protest, if protest is necessary and proper, (3) if the payment be made, using reasonable
efforts to obtain a refund thereof in appropriate administrative and judicial proceedings, or (4) taking such other action as is reasonably requested by the Indemnity Provider from time to time; 
  

 27 

 (d) The party controlling the response to any Claim shall consult in good faith with the non-controlling
party and shall keep the non-controlling party reasonably informed as to the conduct of the response to such Claim: provided, that all decisions ultimately shall be made in the discretion of the controlling party, except that the Indemnity
Provider may not agree to any dismissal or settlement of, or other agreement in connection with, any claim without the prior written consent of such Indemnified Person, if such dismissal, settlement or agreement would require any admission or
acknowledgment of any culpability or wrongdoing by such Indemnified Person or provide for any nonmonetary relief to be performed by such Indemnified Person. The parties agree that an Indemnified Person may at any time decline to take further action
with respect to the response to such Claim and may settle such Claim if such Indemnified Person shall waive its rights to any indemnity from the Indemnity Provider that otherwise would be payable in respect of such Claim (and any future Claim, the
pursuit of which is precluded by reason of such resolution of such Claim) and shall pay to the Indemnity Provider any amount previously paid or advanced by the Indemnity Provider pursuant to this Section 13.1 by way of indemnification or
advance for the payment of any amount regarding such Claim other than expenses of the action relating to such Claim: and 
  
 (e) Notwithstanding the foregoing provisions of this Section 13.1, an Indemnified Person shall not be required to take any action and no Indemnity
Provider shall be permitted to respond to any Claim in its own name or that of the Indemnified Person unless (i) the Indemnity Provider shall have agreed to pay and shall pay to such Indemnified Person on demand and on an After Tax Basis all
reasonable costs, losses and expenses that such Indemnified Person actually incurs in connection with such Claim, including, without limitation, all reasonable legal, accounting and investigatory fees and disbursements, (ii) the Indemnified Person
shall have reasonably determined that the action to be taken will not result in any material danger of sale, forfeiture or loss of any Property, or any part thereof or interest therein, will not interfere with the payment of Rent, and will not
result in risk of criminal liability, (iii) if such Claim shall involve the payment of any amount prior to the resolution of such Claim, the Indemnity Provider shall provide to the Indemnified Person an interest-free advance in an amount equal to
the amount that the Indemnified Person is required to pay (with no additional net after-tax cost to such Indemnified Person), (iv) in the case of a Claim that must be pursued in the name of an Indemnified Person (or an Affiliate thereof), the
Indemnity Provider shall have provided to such Indemnified Person an opinion of independent counsel selected by the Indemnified Person and reasonably satisfactory to the Indemnity Provider stating that a reasonable basis exists to contest such Claim
and (v) such claim is covered by insurance and no Default or Event of Default shall have occurred and be continuing. In addition, an Indemnified Person shall not be required to contest any Claim in its name (or that of an Affiliate) if the subject
matter thereof shall be of a continuing nature and shall have previously been decided adversely by a court of competent jurisdiction pursuant to the contest provisions of this Section 13.1, unless there shall have been a change in law (or
interpretation thereof) and the Indemnified Person shall have received, at the Indemnity Provider’s expense, an opinion of independent counsel selected by the Indemnified Person and reasonably acceptable to the Indemnity Provider stating that
as a result of such change in law (or interpretation thereof), it is more likely than not that the Indemnified Person will prevail in such contest. 
  

 28 

 13.2 General Tax Indemnity. 
  
 (a) The Indemnity Provider shall pay and assume liability for, and does hereby agree to indemnify, protect and defend each
Property and all Indemnified Persons, and hold them harmless against, all Impositions on an After Tax Basis: 
  
 (b) (i) Subject to the terms of Section 13.2(f), the Indemnity Provider shall pay or cause to be paid all Impositions directly to the taxing
authorities where feasible and otherwise to the Indemnified Person, as appropriate, and the Indemnity Provider shall at its own expense, upon such Indemnified Person’s reasonable request, furnish to such Indemnified Person copies of official
receipts or other satisfactory proof evidencing such payment; 
  
 (ii) In the case of Impositions for which no contest is conducted pursuant to Section 13.2(f) and which the Indemnity Provider pays directly to the taxing authorities, the Indemnity Provider shall pay such
Impositions prior to the latest time permitted by the relevant taxing authority for timely payment. In the case of Impositions for which the Indemnity Provider reimburses an Indemnified Person, the Indemnity Provider shall do so within thirty (30)
days after receipt by the Indemnity Provider of demand by such Indemnified Person describing in reasonable detail the nature of the Imposition and the basis for the demand (including the computation of the amount payable). In the case of Impositions
for which a contest is conducted pursuant to Section 13.2(f), the Indemnity Provider shall pay such Impositions or reimburse such Indemnified Person for such Impositions, to the extent not previously paid or reimbursed pursuant to subsection
(a), prior to the latest time permitted by the relevant taxing authority for timely payment after conclusion of all contests under Section 13.2(f). 
  
 (iii) Impositions imposed with respect to a Property for a billing period during which the Lease expires or terminates with respect to
such Property (unless the Lessee has exercised the Purchase Option with respect to such Property or the Lessee has otherwise purchased such Property) shall be adjusted and prorated on a daily basis between the Indemnity Provider and the Lessor,
whether or not such Imposition is imposed before or after such expiration or termination and each such party shall pay its pro rata share thereof; and 
  
 (iv) At the Indemnity Provider’s request, the amount of any indemnification payment by the Indemnity Provider pursuant to subsection
(a) shall be verified and certified by an independent public accounting firm mutually acceptable to the Indemnity Provider and the Indemnified Person. The fees and expenses of such independent public accounting firm shall be paid by the Indemnity
Provider unless such verification shall result in an adjustment in the Indemnity Provider’s favor of 15% or more of the payment as computed by the Indemnified Person, in which case such fee shall be paid by the Indemnified Person; 

 
 (c) The Indemnity Provider shall be responsible for preparing and filing
any real and personal property or ad valorem tax returns with respect to each Property. In case any other report or tax return shall be required to be made with respect to any obligations of 

  

 29 

 
the Indemnity Provider under or arising out of subsection (a) and of which the Indemnity Provider has knowledge or should have knowledge, the Indemnity
Provider, at its sole cost and expense, shall notify the relevant Indemnified Person of such requirement and (except if such Indemnified Person notifies the Indemnity Provider that such Indemnified Person intends to file such report or return) (A)
to the extent required or permitted by and consistent with Legal Requirements, make and file in Indemnity Provider’s name such return, statement or report; and (B) in the case of any other such return, statement or report required to be made in
the name of such Indemnified Person, advise such Indemnified Person of such fact and prepare such return, statement or report for filing by such Indemnified Person or, where such return, statement or report shall be required to reflect items in
addition to any obligations of the Indemnity Provider under or arising out of subsection (a), provide such Indemnified Person at the Indemnity Provider’s expense with information sufficient to permit such return, statement or report to be
properly made with respect to any obligations of the Indemnity Provider under or arising out of subsection (a). Such Indemnified Person shall, upon the Indemnity Provider’s request and at the Indemnity Provider’s expense, provide any data
maintained by such Indemnified Person (and not otherwise available to or within the control of the Indemnity Provider) with respect to each Property which the Indemnity Provider may reasonably require to prepare any required tax returns or reports;

  
 (d) If as a result of the payment or reimbursement by the
Indemnity Provider of any Imposition or other reasonable expenses of the Lessor or the payment of any Transaction Expenses incurred in connection with the transactions contemplated by the Operative Agreements, the Lessor, the Holders, partners of
any Holder, or shareholders of such partners of a partnership which is a partner of such Holder, shall suffer a net increase in any federal, state or local income tax liability, the Indemnity Provider shall indemnify such Persons (without
duplication of any indemnification required by subsection (a)) on an After Tax Basis for the amount of such increase. The calculation of any such net increase shall take into account any current or future tax savings (including any net operating
loss carry-forward) realized or reasonably expected to be realized by such Person in respect thereof, as well as any interest, penalties and additions to tax payable by such Lessor, or such Holder, or such Affiliate, in respect thereof; 

 
 (e) As between the Indemnity Provider on one hand, and the Lessor or the
Agent, any Lender or any Holder on the other hand, the Indemnity Provider shall be responsible for, and the Indemnity Provider shall indemnify and hold harmless the Lessor, the Agent, the Lenders and each Holder (without duplication of any
indemnification required by subsection (a)) on an After Tax Basis against, any obligation for United States or foreign withholding taxes imposed in respect of payments on the Notes or Certificates or with respect to Rent payments under the Lease
(and, if the Lessor, the Agent, any Lender or any Holder receives a demand for such payment from any taxing authority, the Indemnity Provider shall discharge such demand on behalf of the Lessor, the Agent, such Lender or such Holder); provided,
however, that the right of any Lender to make a claim for indemnification under this Section 13.2(e) is subject to the compliance by such Lender with the requirements of Section 2.13 of the Credit Agreement, but only to the extent that
such claim is attributable to noncompliance by such Lender under such Section 2.13; and 
  

 30 

 (f) (i) If a written Claim is made against any Indemnified Person, or if any proceeding shall be
commenced against such Indemnified Person (including a written notice of such proceeding), for any Impositions, such Indemnified Person shall promptly notify the Indemnity Provider in writing and shall not take action with respect to such Claim or
proceeding without the consent of the Indemnity Provider for thirty (30) days after the receipt of such notice by the Indemnity Provider; provided, however, that, in the case of any such Claim or proceeding, if action shall be required by law
or regulation to be taken prior to the end of such 30-day period, such Indemnified Person shall, in such notice to the Indemnity Provider, inform the Indemnity Provider of such shorter period, and no action shall be taken with respect to such Claim
or proceeding without the consent of the Indemnity Provider before seven (7) days before the end of such shorter period; provided, further, that the failure of such Indemnified Person to give the notices referred to this sentence shall not
diminish the Indemnity Provider’s obligation hereunder except to the extent such failure materially precludes the Indemnity Provider from contesting such Claim; 
  
 (ii) If, within thirty (30) days of receipt of such notice from the Indemnified Person (or such shorter
period as the Indemnified Person has notified the Indemnity Provider is required by law or regulation for the Indemnified Person to commence such contest), the Indemnity Provider shall request in writing that such Indemnified Person contest such
Imposition, the Indemnified Person shall, at the expense of the Indemnity Provider, in good faith conduct and control such contest (including, without limitation, by pursuit of appeals) relating to the validity, applicability or amount of such
Imposition (provided, however, that (A) if such contest can be pursued independently from any other proceeding involving a tax liability of such Indemnified Person, the Indemnified Person, at the Indemnity Provider’s request, shall allow the
Indemnity Provider to conduct and control such contest and (B) in the case of any contest, the Indemnified Person may request the Indemnity Provider to conduct and control such contest (with counsel to be selected by the Indemnity Provider and
consented to by such Indemnified Person, such consent not to be unreasonably withheld, conditioned or delayed; provided, however, that any Indemnified Person may retain separate counsel at the expense of the Indemnity Provider in the event of
a conflict)) by, in the sole discretion of the Person conducting and controlling such contest, (1) resisting payment thereof, (2) not paying the same except under protest, if protest is necessary and proper, (3) if the payment be made, using
reasonable efforts to obtain a refund thereof in appropriate administrative and judicial proceedings, or (4) taking such other action as is reasonably requested by the Indemnity Provider from time to time; 
  
 (iii) The party controlling any contest shall consult in good
faith with the non-controlling party and shall keep the non-controlling party reasonably informed as to the conduct of such contest: provided, that all decisions ultimately shall be made in the sole discretion of the controlling party. The
parties agree that an Indemnified Person may at any time decline to take further action with respect to the contest of any Imposition and may settle such contest if such Indemnified Person shall waive its rights to any indemnity from the Indemnity
Provider that otherwise would be payable in respect of such Imposition (and any future Claim by any taxing authority, the contest of which is precluded by reason of such resolution of such contest) and shall pay to the Indemnity 

  

 31 

 
Provider any amount previously paid or advanced by the Indemnity Provider pursuant to this Section 13.2 by way of indemnification or advance for the
payment of any amount regarding such Imposition other than expenses of such contest; and 
  
 (iv) Notwithstanding the foregoing provisions of this Section 13.2, an Indemnified Person shall not be required to take any action
and no Indemnity Provider shall be permitted to contest any Imposition in its own name or that of the Indemnified Person unless (A) the Indemnity Provider shall have agreed to pay and shall pay to such Indemnified Person on demand and on an After
Tax Basis all reasonable costs, losses and expenses that such Indemnified Person actually incurs in connection with contesting such Imposition, including, without limitation, all reasonable legal, accounting and investigatory fees and disbursements,
(B) the Indemnified Person shall have reasonably determined that the action to be taken will not result in any material danger of sale, forfeiture or loss of any Property, or any part thereof or interest therein, will not interfere with the payment
of Rent, and will not result in risk of criminal liability, (C) if such contest shall involve the payment of the Imposition prior to or during the contest, the Indemnity Provider shall provide to the Indemnified Person an interest-free advance in an
amount equal to the Imposition that the Indemnified Person is required to pay (with no additional net after-tax cost to such Indemnified Person), (D) in the case of a Claim that must be pursued in the name of an Indemnified Person (or an Affiliate
thereof), the Indemnity Provider shall have provided to such Indemnified Person an opinion of independent tax counsel selected by the Indemnified Person and reasonably satisfactory to the Indemnity Provider stating that a reasonable basis exists to
contest such Claim and (E) no Default or Event of Default shall have occurred and be continuing. In addition, an Indemnified Person shall not be required to contest any claim in its name (or that of an Affiliate) if the subject matter thereof shall
be of a continuing nature and shall have previously been decided adversely by a court of competent jurisdiction pursuant to the contest provisions of this Section 13.2, unless there shall have been a change in law (or interpretation thereof)
and the Indemnified Person shall have received, at the Indemnity Provider’s expense, an opinion of independent tax counsel selected by the Indemnified Person and reasonably acceptable to the Indemnity Provider stating that as a result of such
change in law (or interpretation thereof), it is more likely than not that the Indemnified Person will prevail in such contest. 
  
 13.3 Environmental Indemnity. 
  
 Without limiting the generality of the foregoing, whether or not the transactions contemplated hereby shall be consummated, the Indemnity Provider hereby
assumes liability for and agrees to defend, indemnify and hold harmless each Indemnified Person on an After Tax Basis from and against any Claims which may be imposed on, incurred by or asserted against an Indemnified Person by any other Person (but
not to the extent such Claims arise from the gross negligence or willful misconduct of such Indemnified Person as determined by a final judgment of a court of competent jurisdiction) in any way relating to or arising, or alleged (by any Person
asserting such a Claim against an Indemnified Person) to arise, out of any Environmental Claim, any violation of Environmental Laws, or any other loss of or damage to any Property or the environment (including without limitation the presence on any
Property of wetlands, tidelands or swamp or overflow lands, or any condition arising from or affecting any Property or arising from 

  

 32 

 
or affecting any lands nearby or adjacent to any Property that has or threatens to have any adverse effect upon human health or the environment at any
Property or upon the use or value of such Property), in each case relating to any Property, the Lease or the Indemnity Provider. 
  
 SECTION 14. MISCELLANEOUS. 
  
 14.1 Survival of Agreements. 
  
 The representations, warranties, covenants, indemnities and agreements of the parties provided for in the Operative Agreements, and the parties’
obligations under any and all thereof, shall survive the execution and delivery of this Agreement, the transfer of any Property to the Owner Trustee, the acquisition of any additional Equipment, the construction of any additional Improvements, any
disposition of any interest of the Owner Trustee in any Property or any interest of the Holders in the Owner Trust, the payment of the Notes and any disposition thereof, and shall be and continue in effect notwithstanding any investigation made by
any party and the fact that any party may waive compliance with any of the other terms, provisions or conditions of any of the Operative Agreements. Except as otherwise expressly set forth herein or in other Operative Agreements, the indemnities of
the parties provided for in the Operative Agreements shall survive the expiration or termination of any thereof. 
  
 14.2 No Broker, etc. 
  
 Each of the parties hereto represents to the others that it has not retained or employed any broker, finder or financial adviser to act on its behalf in
connection with this Agreement, nor has it authorized any broker, finder or financial adviser retained or employed by any other Person so to act. Any party who is in breach of this representation shall indemnify and hold the other parties harmless
from and against any liability arising out of such breach of this representation. 
  
 14.3 Notices. 
  
 Unless
otherwise specifically provided herein, all notices, consents, directions, approvals, instructions, requests and other communications required or permitted by the terms hereof to be given to any Person shall be given in writing by United States
certified or registered mail (postage prepaid), by nationally recognized courier service, by hand or by telecopy with confirming notice and any such notice shall become effective upon receipt and shall be directed to the address of such Person as
indicated: 
  
 If to the Lessee, to it at the following address: 
  
 HEALTHSOUTH Corporation 
 One HealthSouth Parkway 
 Birmingham, Alabama
35243 
 Attention: Malcolm E. McVay 
 Telephone No.: (205) 969-6140 
 Telecopy No.: (205) 969-4620 
 Email: tadd.mcvay@healthsouth.com 
  

 33 

 With a copy to: 
  
 HEALTHSOUTH Corporation 
 One HealthSouth
Parkway 
 Birmingham, Alabama 35243 
 Attention: William W. Horton 
 Telephone No.: (205) 969-4977 
 Telecopy No.: (205) 969-4730 
 Email:
bill.horton@healthsouth.com 
  
 If to the Owner Trustee, to it at the following
address: 
  
 First Security Bank, National Association

 79 South Main Street 
 Salt
Lake City, Utah 84111 
 Attention: Val T. Orton 
 Telephone No.: (801) 246-5208 
 Telecopy No.: (801) 246-5053 
  
 If to UBS AG, Stamford Branch, as a Holder or a Lender, to it at the following address:

  
 UBS AG, Stamford Branch 
 677 Washington Boulevard 
 Stamford,
Connecticut 06901 
 Attn: Jennifer Poccia 
 Telephone No.: (203) 719-3834 
 Telecopy No.: (203) 719-3888 
 Email: jennifer.poccia@ubsw.com 
  
 if to any other Holder, to it at the address set forth for such Holder on each Holder’s Holder Addendum hereto or in the applicable Assignment and Assumption;

  
 If to any other Lender, to it at the address for notice set forth on such
Lender’s Lender Addendum hereto or in the applicable Assignment and Assumption, the form of which is attached as a schedule to the Credit Agreement; 
  
 If to the Agent, to it at the following address: 
  
 UBS AG, Stamford Branch 
 677 Washington
Boulevard 
 Stamford, Connecticut 06901 
 Attn: Jennifer Poccia 
 Telephone No.: (203) 719-3834 
 Telecopy No.: (203) 719-3888 
 Email: jennifer.poccia@ubsw.com 
  
 with all notices of borrowing, conversion, continuation or prepayment of any Loan to be
delivered to the address set forth in Section 9.2 of the Credit Agreement. 
  

 34 

 From time to time any party may designate a new address for purposes of notice hereunder by notice to each of the other
parties hereto. 
  
 14.4 Counterparts. 
  
 This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 
  
 14.5 Amendments and Termination. 
  
 Neither this Agreement nor any of the terms hereof may be terminated, amended, supplemented, waived or modified except by an
instrument in writing signed by the Lessor, the Lessee and (subject to Section 9.1 of the Credit Agreement) the Agent. This Agreement may be terminated by an agreement signed in writing by the Owner Trustee, the Holders, the Lenders, the Lessee and
the Agent. 
  
 14.6 Headings, etc. 
  
 The Table of Contents and headings of the various Articles and Sections of
this Agreement are for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions hereof. 
  
 14.7 Parties in Interest. 
  
 Except as expressly provided herein, none of the provisions of this Agreement are intended for the benefit of any Person except the parties hereto;
provide, that the Lenders are intended to be third-party beneficiaries of this Agreement. 
  
 14.8 GOVERNING LAW; WAIVERS OF JURY TRIAL. 
  
 (i) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 
 (ii) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW,
EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER OPERATIVE AGREEMENT AND FOR ANY COUNTERCLAIM THERETO. 
  
 14.9 Submission to Jurisdictions Waivers. 
  
 Each of the parties hereto irrevocably and unconditionally: 
  
 (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement and the other Operative Agreements to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general 

  

 35 

 
jurisdiction of the courts of the State of New York and the courts of the United States located in the Southern District of New York and appellate courts
thereof; 
  
 (b) consents that any such action or proceeding may
be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or
claim the same; 
  
 (c) agrees that service of process in any
such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail) postage prepaid, to the respective party at its address set forth in Section 14.3 hereof or at
such other address of which the Administrative Agent shall have been notified pursuant thereto; 
  
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in
any other jurisdiction; and 
  
 (e) waives, to the maximum extent
not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 14.9 any special, exemplary, punitive or consequential damages. 
  
 14.10 Severability. 
  
 Any provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render such provision unenforceable in any other jurisdiction. 
  
 14.11 Liability Limited. 
  
 (a) The Agent, the Lessee and the Holders each acknowledge and agree that the Owner Trustee is (except as otherwise expressly provided herein or therein) entering into this Agreement and the other Operative Agreements to which it is a party
(other than the Trust Agreement and other than as set forth in Section 7.2 of this Agreement), solely in its capacity as trustee under the Trust Agreement and not in its individual capacity and that Trust Company shall not be liable or
accountable under any circumstances whatsoever in its individual capacity for or on account of any statements, representations, warranties, covenants or obligations stated to be those of the Owner Trustee, except for its own gross negligence or
willful misconduct and except as otherwise expressly provided herein or in the other Operative Agreements. 
  
 (b) Anything to the contrary contained in this Agreement, the Credit Agreement, the Notes or in any other Operative Agreement notwithstanding, neither the
Lessor nor any Holder (in its capacity as a Holder) nor any officer, director, shareholder, or partner thereof, nor any of the successors or assigns of the foregoing (all such Persons being hereinafter referred to collectively as the
“Exculpated Persons”), shall be personally liable in any respect for any liability or obligation hereunder or under any other Operative 

  

 36 

 
Agreement including the payment of the principal of, or interest on, the Notes, or for monetary damages for the breach of performance of any of the covenants
contained in the Credit Agreement, the Notes, this Agreement, the Security Agreement or any of the other Operative Agreements. The Agent (for itself and on behalf of the Lenders) agrees that, in the event the Agent or any Lender pursues any remedies
available to them under the Credit Agreement, the Notes, this Agreement, the Security Agreement, the Mortgage Instruments or under any other Operative Agreement, neither the Lenders nor the Agent shall have any recourse against any Exculpated
Person, for any deficiency, loss or Claim for monetary damages or otherwise resulting therefrom, and recourse shall be had solely and exclusively against the Trust Estate and the Lessee (with respect to the Lessee’s obligations under the Lease,
the Participation Agreement and any other Operative Agreement); but nothing contained herein shall be taken to prevent recourse against or the enforcement of remedies against the Trust Estate in respect of any and all liabilities, obligations and
undertakings contained herein, in the Credit Agreement, in the Notes, in the Security Agreement, the Mortgage Instruments or in any other Operative Agreement. Notwithstanding the provisions of this Section, nothing in this Agreement, the Credit
Agreement, the Notes, the Security Agreement, the Mortgage Instruments or any other Operative Agreement shall: (i) constitute a waiver, release or discharge of any indebtedness or obligation evidenced by the Notes or arising under this Agreement,
the Security Agreement, the Mortgage Instruments or the Credit Agreement or secured by the Security Agreement, the Mortgage Instruments or any other Operative Agreement, but the same shall continue until paid or discharged: (ii) relieve the Lessor
or any Exculpated Person from liability and responsibility for (but only to the extent of the damages arising by reason of): (a) active waste knowingly committed by such Lessor or such Exculpated Person with respect to the Properties or (b) any
fraud, gross negligence, willful misconduct or willful breach as determined by a final judgment of a court of competent jurisdiction, on the part of such Lessor or such Exculpated Person: (iii) relieve such Lessor or such Exculpated Person from
liability and responsibility for (but only to the extent of the moneys misappropriated, misapplied or not turned over) (a) misappropriation or misapplication by such Lessor (i.e application in a manner contrary to any Operative Agreement) of any
insurance proceeds or condemnation award paid or delivered to such Lessor by any Person other than the Agent or (b) any rents or other income received by such Lessor from the Lessee that are not turned over to the Agent: or (iv) affect or in any way
limit the Agent’s rights and remedies under any Operative Agreement with respect to the Rents and its rights thereunder or its right to obtain a judgment against the Lessor’s interest in the Properties. 
  
 14.12 Rights of Lessee. 
  
 Notwithstanding any provision of the Operative Agreements, if at any time all
obligations (i) of the Owner Trustee under the Credit Agreement, the Security Documents, the Trust Agreement and the other Operative Agreements and (ii) of the Lessee under the Operative Agreements have in each case been satisfied or discharged in
full, then the Lessee shall be entitled to (a) terminate the Lease and (b) receive all amounts then held under the Operative Agreements and all proceeds with respect to any of the Properties. Upon the termination of the Lease pursuant to the
foregoing clause (a), the Lessor shall transfer to the Lessee all of its right, title and interest free and clear of the Lien of the Lease and all Lessor Liens in and to the 

  

 37 

 
Properties and any amounts or proceeds referred to in the foregoing clause (b) shall be paid over to the Lessee. 
  
 14.13 Further Assurances. 
  
 The parties hereto shall promptly cause to be taken, executed, acknowledged
or delivered, at the sole expense of the Lessee, all such further acts, conveyances, documents and assurances as the other parties may from time to time reasonably request in order to carry out and effectuate the intent and purposes of this
Participation Agreement, the other Operative Agreements and the transactions contemplated hereby and thereby (including, without limitation, the preparation, execution and filing of any and all Uniform Commercial Code financing statements and other
filings or registrations which the parties hereto may from time to time request to be filed or effected). The Lessee, at its own expense and without need of any prior request from any other party, shall take such action as may be necessary
(including any action specified in the preceding sentence), or (if Owner Trustee shall so request) as so requested, in order to maintain and protect all security interests provided for hereunder or under any other Operative Agreement. 
  
 14.14 Calculations under Operative Agreements. 
  
 The parties hereto agree that all calculations and numerical determinations
to be made under the Operative Agreements by the Owner Trustee shall be made by the Agent and that such calculations and determinations shall be conclusive and binding on the parties hereto in the absence of manifest error. 
  
 14.15 Confidentiality. 
  
 Each of the Owner Trustee, the Holders, the Agent and the Lenders severally
agrees to use reasonable efforts to keep confidential all non-public information pertaining to the Lessee or its Subsidiaries which is provided to it by the Lessee or its Subsidiaries, provided that nothing herein shall prohibit the disclosure by
any such Person of such information: 
  
 (a) to the extent such
information is public when received by such Person or becomes public thereafter due to the act or omission of any party other than such Person; 
  
 (b) to the extent such information is independently obtained from a source other than the Lessee or any of its Subsidiaries and such information from such
source is not, to such Person’s knowledge, subject to an obligation of confidentiality or. if such information is subject to an obligation of confidentiality, that disclosure of such information is permitted; 
  
 (c) to counsel, auditors or accountants retained by any such Person or any
Affiliates of any such Person provided they agree to keep such information, confidential as if such Person or Affiliate were party to this Agreement and to financial institution regulators, including examiners of any Lender, the Agent or the Owner
Trustee, any Holder or any Affiliate in the course of examinations of such Persons; 
  

 38 

 (d) in connection with any litigation or the enforcement or preservation of the rights of the Agent, the
Owner Trustee, the Lessor, any Lender or any Holder under the Operative Agreements; 
  
 (e) to the extent required by any applicable statute, rule or regulation or court order (including, without limitation, by way of subpoena) or pursuant to the request of any regulatory or Governmental Authority having
jurisdiction over such Person; provided, however, that such Person shall endeavor (if not otherwise prohibited by Law) to notify the Lessee prior to any disclosure made pursuant to this clause (e), except that no such Person shall be subject
to any liability whatsoever for any failure to so notify the Lessee; 
  
 (f) the Agent may disclose such information to the Owner Trustee, any Lender or any Holder; or 
  
 (g) to the extent disclosure to any other financial institution or other Person is appropriate in connection with any proposed or actual (i) assignment or
grant of a participation by any of the Lenders of interests in the Credit Agreement or (ii) assignment by any Holder of interests in the Trust Agreement to another Person. 
  
 14.16 Calculation of Rent, Interest, Holder Yield and Fees. 
  
 Except as otherwise expressly set forth in the Operative Agreements, all
calculation of Rent, interest, Holder Yield, Overdue Rate, Holder Overdue Rate, Commitment Fees, or Holder Commitment Fees payable hereunder shall be computed based on the actual number of days elapsed over a year of 360 days. 
  
 14.17 Responsibilities and Liabilities. 
  
 The Joint Lead Arrangers, the Documentation Agent and the Syndication Agent,
in such respective capacities, shall have no responsibilities, and shall incur no liabilities under this Agreement or any of the Operative Agreements. 
  
 14.18 Holder and Lender Addenda. 
  
 Each Holder shall become a party to this Agreement by delivering to the Administrative Agent a Holder Addendum, substantially in the form of Exhibit H,
duly executed by such Holder, the Owner Trustee and the Administrative Agent. Each Lender shall become a party to this Agreement by delivering to the Administrative Agent a Lender Addendum, substantially in the form of Exhibit I, duly executed by
such Lender, the Borrower and the Administrative Agent. 
  

 39 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their respective
officers thereunto duly authorized as of the day and year first above written. 
  

					
	 HEALTHSOUTH Corporation., as Lessee

		
	 By:
	 	 /s/ Malcolm E. McVay

	 	 	 Name:
	 	 Malcolm E. McVay

	 	 	 Title:
	 	 Senior Vice President

	
	FIRST SECURITY BANK, NATIONAL ASSOCIATION, not individually, except as expressly stated herein, but solely as Owner Trustee under the HEALTHSOUTH Corporation Trust
2000-1
		
	 By:
	 	 /s/ Arge Pavlos

	 	 	 Name:
	 	 ARGE PAVLOS

	 	 	 Title:
	 	 TRUST OFFICER

	
	 UBS AG, STAMFORD BRANCH, as Agent

		
	 By:
	 	 /s/ Daniel W. Ladd III

	 	 	 Name:
	 	 Daniel W. Ladd III

	 	 	 Title:
	 	 Executive Director

		
	 By:
	 	 /s/ Wilfred V. Saint

	 	 	 Name:
	 	 Wilfred V. Saint

	 	 	 Title:
	 	 Associate Director
 Banking Products Services, US

	
	 Applicable Funding Office:

	
	 UBS AG, STAMFORD BRANCH

	 677 Washington Boulevard
 Stamford, Connecticut 06901
 Attn: Jennifer Poccia
 Telephone No.: (203) 719-3834
 Telecopy No: (203)719-3888
 Email: jennifer.poccia@ubsw.comLease agreement between State Street Bank and Trust Company of Connecticut

 EXHIBIT 10.5.1 
  

  
 LEASE AGREEMENT 
  
 Dated as of December 27, 2001

  
 between 
  
 STATE STREET BANK AND TRUST COMPANY 
 OF CONNECTICUT, NATIONAL ASSOCIATION, 
 not
individually, but solely 
 as Owner Trustee for Digital Hospital Trust 2001-1, 
 as Lessor 
  
 and 
  
 HEALTHSOUTH MEDICAL CENTER, INC., 
 as Lessee 
  

  
 This Lease Agreement is subject to a security interest in favor of First Union National Bank,
as the agent for the Lenders and respecting the Security Documents, as the agent for the Secured Parties (the “Agent”) under a Security Agreement dated as of December 27, 2001, between State Street Bank and Trust Company of
Connecticut, National Association, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1 and the Agent, as amended, modified, extended, supplemented, restated and/or replaced from time to time in accordance with the
applicable provisions thereof. This Lease Agreement has been executed in several counterparts. To the extent, if any, that this Lease Agreement constitutes chattel paper (as such term is defined in the Uniform Commercial Code as in effect in any
applicable jurisdiction), no security interest in this Lease Agreement may be created through the transfer or possession of any counterpart other than the original counterpart containing the receipt therefor executed by the Agent on the signature
page hereof. 
  

  
 TABLE OF CONTENTS

  

					
	 ARTICLE I
	  	1
	 1.1
	  	 Definitions
	  	1
	 1.2
	  	 Interpretation
	  	2
	 ARTICLE II
	  	2
	 2.1
	  	 Property
	  	2
	 2.2
	  	 Lease Term
	  	2
	 2.3
	  	 Title
	  	3
	 2.4
	  	 Lease Supplements
	  	3
	 ARTICLE III
	  	3
	 3.1
	  	 Rent
	  	3
	 3.2
	  	 Payment of Basic Rent
	  	4
	 3.3
	  	 Supplemental Rent
	  	4
	 3.4
	  	 Performance on a Non-Business Day
	  	4
	 3.5
	  	 Rent Payment Provisions
	  	4
	 3.6
	  	 Payment of Cost Overruns
	  	5
	 ARTICLE IV
	  	5
	 4.1
	  	 Taxes; Utility Charges
	  	5
	 ARTICLE V
	  	5
	 5.1
	  	 Quiet Enjoyment
	  	5
	 ARTICLE VI
	  	6
	 6.1
	  	 Net Lease
	  	6
	 6.2
	  	 No Termination or Abatement
	  	6
	 ARTICLE VII
	  	7
	 7.1
	  	 Ownership of the Properties
	  	7
	 ARTICLE VIII
	  	8
	 8.1
	  	 Condition of the Properties
	  	8
	 8.2
	  	 Possession and Use of the Properties
	  	9
	 8.3
	  	 Integrated Properties
	  	10
	 ARTICLE IX
	  	10
	 9.1
	  	 Compliance With Legal Requirements, Insurance Requirements and Manufacturer’s Specifications and Standards
	  	10
	 ARTICLE X
	  	11
	 10.1
	  	 Maintenance and Repair; Return
	  	11
	 10.2
	  	 Environmental Inspection
	  	12
	 ARTICLE XI
	  	13
	 11.1
	  	 Modifications
	  	13
	 ARTICLE XII
	  	14
	 12.1
	  	 Warranty of Title
	  	14
	 ARTICLE XIII
	  	15
	 13.1
	  	 Permitted Contests Other Than in Respect of Indemnities
	  	15
	 13.2
	  	 Impositions, Utility Charges, Other Matters; Compliance with Legal Requirements
	  	16
	 ARTICLE XIV
	  	16
	 14.1
	  	 Public Liability and Workers’ Compensation Insurance
	  	16

  

 i 

					
	 14.2
	  	 Permanent Hazard and Other Insurance
	  	16
	 14.3
	  	 Coverage
	  	17
	 ARTICLE XV
	  	18
	 15.1
	  	 Casualty and Condemnation
	  	18
	 15.2
	  	 Environmental Matters
	  	20
	 15.3
	  	 Notice of Environmental Matters
	  	21
	 ARTICLE XVI
	  	22
	 16.1
	  	 Termination Upon Certain Events
	  	22
	 16.2
	  	 Procedures
	  	22
	 ARTICLE XVII
	  	22
	 17.1
	  	 Lease Events of Default
	  	22
	 17.2
	  	 Surrender of Possession
	  	26
	 17.3
	  	 Reletting
	  	27
	 17.4
	  	 Damages
	  	27
	 17.5
	  	 Power of Sale
	  	28
	 17.6
	  	 Final Liquidated Damages
	  	28
	 17.7
	  	 Environmental Costs
	  	28
	 17.8
	  	 Waiver of Certain Rights
	  	29
	 17.9
	  	 Assignment of Rights Under Contracts
	  	29
	 17.10
	  	 Remedies Cumulative
	  	29
	 17.11
	  	 Limitation Regarding Certain Lease Events of Default
	  	29
	 ARTICLE XVIII
	  	30
	 18.1
	  	 Lessor’s Right to Cure Lessee’s Lease Defaults
	  	30
	 ARTICLE XIX
	  	30
	 19.1
	  	 Provisions Relating to Lessee’s Exercise of its Purchase Option
	  	30
	 19.2
	  	 No Purchase or Termination With Respect to Less than All of a Property
	  	30
	 ARTICLE XX
	  	31
	 20.1
	  	 Purchase Option or Sale Option-General Provisions
	  	31
	 20.2
	  	 Lessee Purchase Option
	  	31
	 20.3
	  	 Third Party Sale Option
	  	32
	 ARTICLE XXI
	  	32
	 21.1
	  	 [Intentionally Omitted]
	  	32
	 ARTICLE XXII
	  	33
	 22.1
	  	 Sale Procedure
	  	33
	 22.2
	  	 Application of Proceeds of Sale
	  	35
	 22.3
	  	 Indemnity for Excessive Wear
	  	35
	 22.4
	  	 Appraisal Procedure
	  	35
	 22.5
	  	 Certain Obligations Continue
	  	36
	 22.6
	  	 Extended Remarketing Period
	  	36
	 ARTICLE XXIII
	  	37
	 23.1
	  	 Holding Over
	  	37
	 ARTICLE XXIV
	  	37
	 24.1
	  	 Risk of Loss
	  	37
	 ARTICLE XXV
	  	38
	 25.1
	  	 Assignment
	  	38
	 25.2
	  	 Subleases
	  	38

  

 ii 

					
	ARTICLE XXVI	  	39
	 26.1
	  	No Waiver	  	39
	ARTICLE XXVII	  	39
	 27.1
	  	Acceptance of Surrender	  	39
	 27.2
	  	No Merger of Title	  	39
	ARTICLE XXVIII	  	39
	 28.1
	  	Incorporation of Covenants	  	39
	ARTICLE XXIX	  	40
	 29.1
	  	Notices	  	40
	ARTICLE XXX	  	40
	 30.1
	  	Miscellaneous	  	40
	 30.2
	  	Amendments and Modifications	  	41
	 30.3
	  	Successors and Assigns	  	41
	 30.4
	  	Headings and Table of Contents	  	41
	 30.5
	  	Counterparts	  	41
	 30.6
	  	GOVERNING LAW	  	41
	 30.7
	  	Calculation of Rent	  	41
	 30.8
	  	Memoranda of Lease and Lease Supplements	  	41
	 30.9
	  	Allocations between the Lenders and the Holders	  	42
	 30.10
	  	Limitations on Recourse	  	42
	 30.11
	  	WAIVERS OF JURY TRIAL	  	42
	 30.12
	  	Exercise of Lessor Rights	  	42
	 30.13
	  	SUBMISSION TO JURISDICTION; VENUE; ARBITRATION	  	43
	 30.14
	  	USURY SAVINGS PROVISION	  	43
	 30.15
	  	Lessor Certification	  	44

  
 EXHIBITS

  

	
	 EXHIBIT A - Lease Supplement No.         

	
	 EXHIBIT B - Memorandum of Lease and Lease Supplement No.         

  

 iii 

  
 LEASE AGREEMENT

  
 THIS LEASE AGREEMENT dated as of December 27, 2001 (as
amended, modified, extended, supplemented, restated and/or replaced from time to time, this “Lease”) is between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, having its
principal office at 225 Asylum Street, Goodwin Square, Hartford, Connecticut 06103, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, as lessor (the “Lessor”), and HEALTHSOUTH MEDICAL CENTER, INC., an
Alabama corporation, having its principal place of business at One HealthSouth Parkway, Birmingham, Alabama 35243, as lessee (the “Lessee”). 
  
 W I T N E S S E T H: 
  
 A. WHEREAS, subject to the terms and conditions of the Participation
Agreement and the Agency Agreement, Lessor will (i) purchase or ground lease various parcels of real property, some of which will (or may) have existing Improvements thereon, from one (1) or more third parties designated by Lessee and (ii) fund the
acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Properties by the Construction Agent; and 
  
 B. WHEREAS, the Term shall commence with respect to each Property upon the Property Closing Date with respect thereto;
provided, Basic Rent with respect thereto shall not be payable until the applicable Rent Commencement Date; and 
  
 C. WHEREAS, Lessor desires to lease to Lessee, and Lessee desires to lease from Lessor, each Property; 
  
 NOW, THEREFORE, in consideration of the foregoing, and of other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 ARTICLE I 
  
 1.1 Definitions. 
  
 For purposes of this Lease, capitalized terms used in this Lease and not otherwise defined herein shall have the meanings assigned to them
in Appendix A to that certain Participation Agreement dated as of December 27, 2001 (as amended, modified, extended, supplemented, restated and/or replaced from time to time in accordance with the applicable provisions thereof, the
“Participation Agreement”) among Lessee, HEALTHSOUTH Corporation, as the Guarantor, Lessor, the various banks and other lending institutions which are parties thereto from time to time, as the Holders, the various banks and other
lending institutions which are parties thereto from time to time, as the Lenders, and First Union National Bank, as agent for the Lenders and respecting the Security Documents, as the agent for the Secured 

  

 
Parties. Unless otherwise indicated, references in this Lease to articles, sections, paragraphs, clauses, appendices, schedules and exhibits are to the same
contained in this Lease. 
  

	 	1.2	Interpretation. 

  
 The rules of usage set forth in Appendix A to the Participation Agreement shall apply to this Lease. 
  
 ARTICLE II 
  

	 	2.1	Property. 

  
 Subject to the terms and conditions hereinafter set forth and contained in the respective Lease Supplement relating to each Property,
Lessor hereby leases to Lessee and Lessee hereby leases from Lessor, each Property. 
  

	 	2.2	Lease Term. 

  
 The term of this Lease with respect to each Property (the “Term”) shall begin upon the Property Closing Date for such
Property (in each case the “Commencement Date”) and shall end on the date that is seven (7) years and six (6) months after the Initial Closing Date, unless the Term is earlier terminated or is extended pursuant to the next
paragraph. Notwithstanding the foregoing, Lessee shall not be obligated to pay Basic Rent until the Rent Commencement Date with respect to such Property. 
  
 Lessee may, not less than two hundred forty (240) days and no more than three hundred sixty (360) days prior to the date that is seven (7)
years and six (6) months or twelve (12) years and six (6) months after the Initial Closing Date, as applicable, by irrevocable notice to Lessor, the Lenders, the Holders and the Agent make written request to extend the Expiration Date for all, but
not less than all, the Properties for an additional period of five years (a “Renewal Term”). There shall be no more than two consecutive Renewal Terms. Lessor, each Lender, each Holder and the Agent shall each make a determination,
in the absolute and sole discretion of each such party, not later than thirty (30) days after receipt of such notice as to whether or not such party will agree to extend the Expiration Date as requested; provided, however, that failure
by any such party to make a timely response to Lessee’s request for extension of the Expiration Date shall be deemed to constitute a refusal by such party to the extension of the Expiration Date. In response to a request for an extension of the
Expiration Date, if (a) Lessor, each Lender, each Holder and the Agent shall agree to the requested extension, then the Term shall be extended and shall expire on the date five (5) years after the then current expiration date or (b) Lessor, any
Lender, any Holder or the Agent shall refuse (or be deemed to have refused) to agree to the requested extension, then the Term shall not be extended and shall expire on the then current Expiration Date. In addition to the foregoing with respect to a
Renewal Term, the Financing Parties may require certain amendments to the Operative Agreements, including without limitation changing the interest rate, Holder Yield, any fees and the Maximum Residual Guarantee Amount, or certain conditions to be
met prior to the effectiveness of the Renewal 

  

 2 

 
Term, including without limitation updated appraisals. In the event a Lender or Holder does not agree to permit the Renewal Term, then the Lessee may replace
such Lender or Holder on terms mutually agreeable to the Lessee and such Lender or Holder and in accordance with the terms and conditions of the Operative Agreements. 
  

	 	2.3	Title. 

  
 Each Property is leased to Lessee without any representation or warranty, express or implied, by Lessor and subject to the rights of
parties in possession (if any), the existing state of title (including without limitation the Permitted Liens) and all applicable Legal Requirements. Lessee shall in no event have any recourse against Lessor for any defect in Lessor’s title to
any Property or any interest of Lessee therein other than for Lessor Liens. 
  

	 	2.4	Lease Supplements. 

  
 On or prior to each Commencement Date, Lessee and Lessor shall each execute and deliver a Lease Supplement for the Property to be leased
effective as of such Commencement Date in substantially the form of EXHIBIT A hereto. 
  
 ARTICLE III 
  

	 	3.1	Rent. 

  
 (a) Lessee shall pay Basic Rent in arrears on each Payment Date, and on any date on which this Lease shall terminate with respect to any
or all Properties during the Term; provided, however, with respect to each individual Property Lessee shall have no obligation to pay Basic Rent with respect to such Property until the Rent Commencement Date with respect to such
Property (notwithstanding that Basic Rent for such Property shall accrue from and including the Scheduled Interest Payment Date immediately preceding such Rent Commencement Date). 
  
 (b) Basic Rent shall be due and payable in lawful money of the United States and shall be paid by wire
transfer of immediately available funds on the due date therefor (or within the applicable grace period) to such account or accounts at such bank or banks as Lessor shall from time to time direct. 
  
 (c) Lessee’s inability or failure to take possession of
all or any portion of any Property when delivered by Lessor, whether or not attributable to any act or omission of Lessor, the Construction Agent, Lessee or any other Person or for any other reason whatsoever, shall not delay or otherwise affect
Lessee’s obligation to pay Rent for such Property in accordance with the terms of this Lease. 
  
 (d) Lessee shall make all payments of Rent prior to 12:00 Noon, Charlotte, North Carolina time, on the applicable date for payment of such
amount. 
  

 3 

	 	3.2	Payment of Basic Rent. 

  
 Basic Rent shall be paid absolutely net to Lessor or its designee, so that this Lease shall yield to Lessor the full amount thereof,
without setoff, deduction or reduction. 
  

	 	3.3	Supplemental Rent. 

  
 Lessee shall pay or cause to be paid to the Agent (on behalf of the Person entitled thereto) any and all Supplemental Rent when and as the
same shall become due and payable, and if Lessee fails to pay any Supplemental Rent within five (5) Business Days after demand is made upon Lessee for payment, Lessor shall have all rights, powers and remedies provided for herein or by law or equity
or otherwise in the case of nonpayment of Basic Rent. All such payments of Supplemental Rent shall be in the full amount thereof, without setoff, deduction or reduction. Lessee shall pay or cause to be paid to the appropriate Person, as Supplemental
Rent due and owing to such Person, among other things, on demand, (a) any and all payment obligations (except for amounts payable as Basic Rent) owing from time to time under the Operative Agreements by any Person to the Agent, any Lender, any
Holder or any other Person, (b) interest at the applicable Overdue Rate on any installment of Basic Rent not paid when due (subject to the applicable grace period) for the period for which the same shall be overdue and on any payment of Supplemental
Rent not paid when due or demanded by the appropriate Person (subject to any applicable grace period) for the period from the due date or the date of any such demand, as the case may be, until the same shall be paid and (c) amounts referenced as
Supplemental Rent obligations pursuant to Section 8.3 of the Participation Agreement. It shall be an additional Supplemental Rent obligation of Lessee to pay to the appropriate Person all rent and other amounts when such become due and owing from
time to time under each Ground Lease and without the necessity of any notice from Lessor with regard thereto. The expiration or other termination of Lessee’s obligations to pay Basic Rent hereunder shall not limit or modify the obligations of
Lessee with respect to Supplemental Rent. Unless expressly provided otherwise in this Lease, in the event of any failure on the part of Lessee to pay and discharge any Supplemental Rent as and when due, Lessee shall also promptly pay and discharge
any fine, penalty, interest or cost which may be assessed or added for nonpayment or late payment of such Supplemental Rent, all of which shall also constitute Supplemental Rent. 
  

	 	3.4	Performance on a Non-Business Day. 

  
 If any Basic Rent is required hereunder on a day that is not a Business Day, then such Basic Rent shall be due on the corresponding
Scheduled Interest Payment Date or, to the extent such Basic Rent is not due on a Scheduled Interest Payment Date, then on the next succeeding Business Day. If any Supplemental Rent is required hereunder on a day that is not a Business Day, then
such Supplemental Rent shall be due on the next succeeding Business Day. 
  

	 	3.5	Rent Payment Provisions. 

  
 Lessee shall make payment of all Basic Rent and Supplemental Rent when due (subject to the applicable grace periods) regardless of whether
any of the Operative Agreements pursuant to which same is calculated and is owing shall have been rejected, avoided or 

  

 4 

 
disavowed in any bankruptcy or insolvency proceeding involving any of the parties to any of the Operative Agreements. Such provisions of such Operative
Agreements and their related definitions are incorporated herein by reference and shall survive any termination, amendment or rejection of any such Operative Agreements. 
  

	 	3.6	Payment of Cost Overruns. 

  
 Lessee shall make payments of prepaid rent to the Lessor, during the Construction Period, of cost overruns as directed by the Lessor in
accordance with Section 3.3. of the Agency Agreement. 
  
 ARTICLE IV 
  

	 	4.1	Taxes; Utility Charges. 

  
 Lessee shall pay or cause to be paid all Impositions, other than Impositions with respect to Lessor Liens, with respect to the Properties
and/or the use, occupancy, operation, repair, access, maintenance or operation thereof and all charges for electricity, power, gas, oil, water, telephone, sanitary sewer service and all other rents, utilities and operating expenses of any kind or
type used in or on any Property and related real property during the Term. Upon Lessor’s reasonable request, Lessee shall provide from time to time Lessor with evidence of all such payments referenced in the foregoing sentence. Lessee shall be
entitled to receive any credit or refund with respect to any Imposition or utility charge paid by Lessee. Unless an Event of Default shall have occurred and be continuing, the amount of any credit or refund received by Lessor on account of any
Imposition or utility charge paid by Lessee, net of the costs and expenses incurred by Lessor in obtaining such credit or refund, shall be promptly paid over to Lessee. All charges for Impositions or utilities imposed with respect to any Property
for a period during which this Lease expires or terminates shall be adjusted and prorated on a daily basis between Lessor and Lessee, and each party shall pay or reimburse the other for such party’s pro rata share thereof. 
  
 ARTICLE V 
  

	 	5.1	Quiet Enjoyment. 

  
 Subject to the rights of Lessor contained in Sections 17.2, 17.3 and 20.3 and the other terms of this Lease and the other Operative
Agreements and so long as no Event of Default shall have occurred and be continuing, Lessee shall peaceably and quietly have, hold and enjoy each Property for the applicable Term, free of any claim or other action by Lessor or anyone rightfully
claiming by, through or under Lessor (other than Lessee) with respect to any matters arising from and after the applicable Commencement Date. 
  

 5 

 ARTICLE VI 
  

	 	6.1	Net Lease. 

  
 This Lease shall constitute a net lease, and the obligations of Lessee hereunder are absolute and unconditional. Lessee shall pay or cause
to be paid all operating expenses arising out of the use, operation and/or occupancy of each Property. Any present or future law to the contrary notwithstanding, this Lease shall not terminate, nor shall Lessee be entitled to any abatement,
suspension, deferment, reduction, setoff, counterclaim, or defense with respect to the Rent, nor shall the obligations of Lessee hereunder be affected (except as expressly herein permitted and by performance of the obligations in connection
therewith) for any reason whatsoever, including without limitation by reason of: (a) any damage to or destruction of any Property or any part thereof; (b) any taking of any Property or any part thereof or interest therein by Condemnation or
otherwise; (c) any prohibition, limitation, restriction or prevention of Lessee’s use, occupancy or enjoyment of any Property or any part thereof, or any interference with such use, occupancy or enjoyment by any Person or for any other reason;
(d) any title defect, Lien or any matter affecting title to any Property; (e) any eviction by paramount title or otherwise; (f) any default by Lessor hereunder; (g) any action for bankruptcy, insolvency, reorganization, liquidation, dissolution or
other proceeding relating to or affecting the Agent, any Lender, Lessor, Lessee, any Holder or any Governmental Authority; (h) the impossibility or illegality of performance by Lessor, Lessee or both; (i) any action of any Governmental Authority or
any other Person; (j) Lessee’s acquisition of ownership of all or part of any Property; (k) breach of any warranty or representation with respect to any Property or any Operative Agreement; (1) any defect in the condition, quality or fitness
for use of any Property or any part thereof; or (m) any other cause or circumstance whether similar or dissimilar to the foregoing and whether or not Lessee shall have notice or knowledge of any of the foregoing. The parties intend that the
obligations of Lessee hereunder shall be covenants, agreements and obligations that are separate and independent from any obligations of Lessor hereunder and shall continue unaffected unless such covenants, agreements and obligations shall have been
modified or terminated in accordance with an express provision of this Lease. Lessor and Lessee acknowledge and agree that the provisions of this Section 6.1 have been specifically reviewed and subject to negotiation. 
  

	 	6.2	No Termination or Abatement. 

  
 Lessee shall remain obligated under this Lease in accordance with its terms and shall not take any action to terminate, rescind or avoid
this Lease, notwithstanding any action for bankruptcy, insolvency, reorganization, liquidation, dissolution, or other proceeding affecting any Person or any Governmental Authority, or any action with respect to this Lease or any Operative Agreement
which may be taken by any trustee, receiver or liquidator of any Person or any Governmental Authority or by any court with respect to any Person, or any Governmental Authority. Lessee hereby waives all right (a) to terminate or surrender this Lease
(except as permitted under the terms of the Operative Agreements) or (b) to avail itself of any abatement, suspension, deferment, reduction, setoff, counterclaim or defense with respect to any Rent. Lessee shall remain obligated under this Lease in
accordance with its terms and Lessee hereby waives any and all rights now or hereafter conferred by statute or otherwise to modify or to avoid 

  

 6 

 
strict compliance with its obligations under this Lease. Notwithstanding any such statute or otherwise, Lessee shall be bound by all of the terms and
conditions contained in this Lease. 
  
 ARTICLE VII

  

	 	7.1	Ownership of the Properties. 

  
 (a) Lessor and Lessee intend that (i) for financial accounting purposes with respect to Lessee (A) this Lease will be treated as an
“operating lease” pursuant to Statement of Financial Accounting Standards No. 13, as amended, (B) Lessor will be treated as the owner and lessor of each Property and (C) Lessee will be treated as the lessee of each Property, but (ii) for
federal and all state and local income tax purposes, bankruptcy purposes, regulatory purposes, commercial law and real estate purposes and all other purposes (A) this Lease will be treated as a financing arrangement and (B) Lessee will be treated as
the owner of the Properties and will be entitled to all tax benefits ordinarily available to owners of property similar to the Properties for such tax purposes. Notwithstanding the foregoing, neither party hereto has made, or shall be deemed to have
made, any representation or warranty as to the availability of any of the foregoing treatments under applicable accounting rules, tax, bankruptcy, regulatory, commercial or real estate law or under any other set of rules. Lessee shall claim the cost
recovery deductions associated with each Property, and Lessor shall not, to the extent not prohibited by Law, take on its tax return a position inconsistent with Lessee’s claim of such deductions. 
  
 (b) For all purposes other than as set forth in Section
7.1(a)(i), Lessor and Lessee intend this Lease to constitute a finance lease and not a true lease. In order to secure the obligations of Lessee now existing or hereafter arising under any and all Operative Agreements, Lessee hereby conveys, grants,
assigns, transfers, hypothecates, mortgages and sets over to Lessor, for the benefit of the Secured Parties, a first priority security interest (but subject to the security interest in the assets granted by Lessee in favor of the Agent in accordance
with the Security Agreement) in and lien on all right, title and interest of Lessee (now owned or hereafter acquired) in and to all Properties, to the extent such is personal property and irrevocably grants and conveys a lien, deed of trust and
mortgage on all right, title and interest of Lessee (now owned or hereafter acquired) in and to all Properties to the extent such is real property. Lessor and Lessee further intend and agree that, for the purpose of securing the obligations of
Lessee and/or the Construction Agent now existing or hereafter arising under the Operative Agreements, (i) this Lease shall be a security agreement and financing statement within the meaning of Article 9 of the Uniform Commercial Code respecting
each of the Properties and all proceeds (including without limitation insurance proceeds thereof) to the extent such is personal property and an irrevocable grant and conveyance of a lien, deed of trust and mortgage on each of the Properties and all
proceeds (including without limitation insurance proceeds thereof) to the extent such is real property; (ii) the acquisition of title by Lessor (or to the extent applicable, a leasehold interest pursuant to a Ground Lease) in each Property
referenced in Article II constitutes a grant by Lessee to 

  

 7 

 
Lessor of a security interest, lien, deed of trust and mortgage in all of Lessee’s right, title and interest in and to each Property and all proceeds
(including without limitation insurance proceeds thereof) of the conversion, voluntary or involuntary, of the foregoing into cash, investments, securities or other property, whether in the form, of cash, investments, securities or other property,
and an assignment of all rents, profits and income produced by each Property; and (iii) notifications to Persons holding such property, and acknowledgments, receipts or confirmations from financial intermediaries, bankers or agents (as applicable)
of Lessee shall be deemed to have been given for the purpose of perfecting such lien, security interest, mortgage lien and deed of trust under applicable law. Lessee shall promptly take such actions as necessary (including without limitation the
filing of Uniform Commercial Code Financing Statements, Uniform Commercial Code Fixture Filings and memoranda (or short forms) of this Lease and the various Lease Supplements) to ensure that the lien, security interest, mortgage lien and deed of
trust in each Property and the other items referenced above will be deemed to be a perfected lien, security interest, mortgage lien and deed of trust of first priority under applicable law and will be maintained as such throughout the Term.

  
 ARTICLE VIII 
  

	 	8.1	Condition of the Properties. 

  
 LESSEE ACKNOWLEDGES AND AGREES THAT IT IS LEASING EACH PROPERTY “AS-IS WHERE-IS” WITHOUT REPRESENTATION, WARRANTY OR COVENANT
(EXPRESS OR IMPLIED) BY LESSOR (EXCEPT THAT LESSOR SHALL KEEP EACH PROPERTY FREE AND CLEAR OF LESSOR LIENS) AND IN EACH CASE SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF ANY PARTIES IN POSSESSION THEREOF (IF ANY), (C) ANY STATE OF
FACTS REGARDING ITS PHYSICAL CONDITION OR WHICH AN ACCURATE SURVEY MIGHT SHOW, (D) ALL APPLICABLE LEGAL REQUIREMENTS AND (E) VIOLATIONS OF LEGAL REQUIREMENTS WHICH MAY EXIST ON THE DATE HEREOF AND/OR THE DATE OF THE APPLICABLE LEASE SUPPLEMENT.
NEITHER LESSOR NOR THE AGENT NOR ANY LENDER NOR ANY HOLDER HAS MADE OR SHALL BE DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) (EXCEPT THAT LESSOR SHALL KEEP EACH PROPERTY FREE AND CLEAR OF LESSOR LIENS) OR SHALL
BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE, VALUE, HABITABILITY, USE, CONDITION, DESIGN, OPERATION, MERCHANTABILITY OR FITNESS FOR USE OF ANY PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT
WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO ANY PROPERTY (OR ANY PART THEREOF), AND NEITHER LESSOR NOR THE AGENT NOR ANY LENDER NOR ANY HOLDER SHALL BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREON OR THE FAILURE OF ANY PROPERTY, OR
ANY PART THEREOF, TO COMPLY WITH ANY LEGAL REQUIREMENT. LESSEE HAS OR PRIOR TO THE COMMENCEMENT DATE WILL HAVE BEEN AFFORDED FULL OPPORTUNITY TO INSPECT EACH PROPERTY AND 

  

 8 

 
THE IMPROVEMENTS THEREON (IF ANY), IS OR WILL BE (INSOFAR AS LESSOR, THE AGENT, EACH LENDER AND EACH HOLDER ARE CONCERNED) SATISFIED WITH THE RESULTS OF ITS
INSPECTIONS AND IS ENTERING INTO THIS LEASE SOLELY ON THE BASIS OF THE RESULTS OF ITS OWN INSPECTIONS, AND ALL RISKS INCIDENT TO THE MATTERS DESCRIBED IN THE PRECEDING SENTENCE, AS BETWEEN LESSOR, THE AGENT, THE LENDERS AND THE HOLDERS, ON THE ONE
(1) HAND, AND LESSEE, ON THE OTHER HAND, ARE TO BE BORNE BY LESSEE. 
  

	 	8.2	Possession and Use of the Properties. 

  
 (a) Subsequent to the Completion Date, at all times during the Term (i) with respect to each Property, such Property shall be a Permitted
Facility and shall be used by Lessee in the ordinary course of its business and (ii) with respect to the Property referenced in Lease Supplement No. 1, such Property shall also be operated as a hospital. Lessee shall pay, or cause to be paid, all
charges and costs required in connection with the use of the Properties as contemplated by this Lease. Lessee shall not commit or permit any waste of the Properties or any part thereof. 
  
 (b) The address stated in Section 12.2 of the Participation Agreement is the principal place of business and
chief executive office of Lessee (as such terms are used in the Uniform Commercial Code of any applicable jurisdiction), and Lessee will provide Lessor with prior written notice of any change of location of its principal place of business or chief
executive office. The location of Lessee for purposes of the Uniform Commercial Code is Alabama, and Lessee will provide Lessor and the Agent with prior written notice of any change in its location for purposes of the Uniform Commercial Code.
Regarding a particular Property, each Lease Supplement correctly identifies the initial location of the related Equipment (if any) and Improvements (if any) and contains an accurate legal description for the related parcel of Land or a copy of the
Ground Lease (if any). The Equipment and Improvements respecting each particular Property will be located only at the location identified in the applicable Lease Supplement. 
  
 (c) Lessee will not attach or incorporate any item of Equipment to or in any other item of equipment or
personal property or to or in any real property in a manner that could give rise to the assertion of any Lien on such item of Equipment by reason of such attachment or the assertion of a claim that such item of Equipment has become a fixture and is
subject to a Lien in favor of a third party that is prior to the Liens thereon created by the Operative Agreements. 
  
 (d) On the Commencement Date for each Property, Lessor and Lessee shall execute a Lease Supplement in regard to such Property which shall
contain an Equipment Schedule that has a general description of the Equipment which shall comprise the Property, an Improvement Schedule that has a general description of the Improvements which shall comprise the Property and a legal description of
the Land to be leased hereunder (or in the case of any Property subject to a Ground Lease to be subleased hereunder) as of such date. Each Property subject to a Ground Lease shall be deemed to be ground subleased from Lessor to Lessee as of the
Commencement Date, and such 

  

 9 

 
ground sublease shall be in effect until this Lease is terminated or expires, in each case in accordance with the terms and provisions hereof. Lessee shall
satisfy and perform all obligations imposed on Lessor under each Ground Lease. Simultaneously with the execution and delivery of each Lease Supplement, such Equipment, Improvements, Land, ground subleasehold interest, all additional Equipment and
all additional Improvements which are financed under the Operative Agreements after the Commencement Date and the remainder of such Property shall be deemed to have been accepted by Lessee for all purposes of this Lease and to be subject to this
Lease. 
  
 (e) At all times during the Term with
respect to each Property, Lessee will comply with all obligations under and (to the extent no Event of Default exists and provided that such exercise will not impair the value, utility or remaining useful life of such Property) shall be permitted to
exercise all rights and remedies under, all operation and easement agreements and related or similar agreements applicable to such Property. 
  

	 	8.3	Integrated Properties. 

  
 On the Rent Commencement Date for each Property, Lessee shall, at its sole cost and expense, cause such Property and the applicable
property subject to a Ground Lease to constitute (and for the duration of the Term shall continue to constitute) all of the equipment, facilities, rights, other personal property and other real property necessary or appropriate to operate, utilize,
maintain and control a Permitted Facility in a commercially reasonable manner. 
  
 ARTICLE IX 
  

	 	9.1	Compliance With Legal Requirements, Insurance Requirements and Manufacturer’s Specifications and Standards. 

  
 Subject to the terms of Article XIII relating to permitted
contests, Lessee, at its sole cost and expense, shall (a) comply with all applicable Legal Requirements (including without limitation all Environmental Laws) and all Insurance Requirements relating to the Properties, (b) procure, maintain and comply
with all licenses, permits, orders, approvals, consents and other authorizations required for the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Properties,
and (c) comply with all manufacturer’s specifications and standards, including without limitation the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the
Properties, whether or not compliance therewith shall require structural or extraordinary changes in any Property or interfere with the use and enjoyment of any Property. Lessor agrees to take such actions as may be reasonably requested by Lessee in
connection with the compliance by Lessee of its obligations under this Section 9.1. 
  

 10 

 ARTICLE X 
  

	 	10.1	Maintenance and Repair; Return. 

  
 (a) Lessee, at its sole cost and expense, shall maintain each Property in good condition, repair and working order (ordinary wear and tear
excepted) and in the repair and condition as when originally delivered to Lessor, subject to Modifications made or required to be made pursuant to the Operative Agreements, and make all necessary repairs thereto and replacements thereof, of every
kind and nature whatsoever, whether interior or exterior, ordinary or extraordinary, structural or nonstructural or foreseen or unforeseen, in each case as required by Section 9.1 and on a basis consistent with the operation and maintenance of
properties or equipment comparable in type and function to the applicable Property, such that such Property is capable of being immediately utilized by a third party and in compliance with standard industry practice subject, however, to the
provisions of Article XV with respect to Casualty and Condemnation. 
  
 (b) Lessee shall not use or locate any component of any Property outside of the Approved State therefor. Lessee shall not move or relocate any component of any Property beyond the boundaries of the Land (comprising
part of such Property) described in the applicable Lease Supplement, except for the temporary removal of Equipment and other personal property for repair or replacement. 
  
 (c) If any component of any Property becomes worn out, lost, destroyed, damaged beyond repair or otherwise
permanently rendered unfit for use, Lessee, at its own expense, will within a reasonable time replace such component with a replacement component which is free and clear of all Liens (other than Permitted Liens) and has a value, utility and useful
life at least equal to the component replaced (assuming the component replaced had been maintained and repaired in accordance with the requirements of this Lease); provided, however, that nothing in this Section shall prevent the Lessee from
discontinuing the use, operation or maintenance of any Equipment or disposing of such if, in all such cases such Equipment is obsolete or no longer necessary for the operation of the Permitted Facility and such discontinuance or disposal does not,
in the aggregate with all prior discontinuances and disposals, decrease the value of the Property by more than $500,000 or adversely affect the utility or useful life of the Property. All components which are added to any Property shall immediately
become the property of (and title thereto shall vest in) Lessor and shall be deemed incorporated in such Property and subject to the terms of this Lease as if originally leased hereunder. 
  
 (d) Upon reasonable advance notice, Lessor and its agents
shall have the right to inspect each Property and all maintenance records with respect thereto at any reasonable time during normal business hours but shall not, in the absence of an Event of Default, materially disrupt the business of Lessee.

  
 (e) Lessee shall cause to be delivered to
Lessor (at Lessee’s sole expense) one (1) or more additional Appraisals (or reappraisals of Property) as Lessor may request if any one (1) of Lessor, the Agent, the Trust Company, any Lender or any Holder is 

  

 11 

 
required pursuant to any applicable Legal Requirement to obtain such Appraisals (or reappraisals) and upon the occurrence of any Event of Default.

  
 (f) Lessor shall under no circumstances be
required to build any improvements or install any equipment on any Property, make any repairs, replacements, alterations or renewals of any nature or description to any Property, make any expenditure whatsoever in connection with this Lease or
maintain any Property in any way. Lessor shall not be required to maintain, repair or rebuild all or any part of any Property, and Lessee waives the right to (i) require Lessor to maintain, repair, or rebuild all or any part of any Property, or (ii)
make repairs at the expense of Lessor pursuant to any Legal Requirement, Insurance Requirement, contract, agreement, covenant, condition or restriction at any time in effect. 
  
 (g) Lessee shall, upon the expiration or earlier termination of this Lease with respect to a Property, if
Lessee shall not have exercised its Purchase Option with respect to such Property and purchased such Property, surrender such Property (i) to Lessor pursuant to the exercise of the applicable remedies upon the occurrence of a Lease Event of Default
or (ii) pursuant to the second paragraph of Section 22.1(a) hereof, to Lessor or the third party purchaser, as the case may be, subject to Lessee’s obligations under this Lease (including without limitation the obligations of Lessee at the time
of such surrender under Sections 9.1, 10.1 (a) through (f), 10.2, 11.1, 12.1, 22.1 and 23.1). 
  
 (h) [Intentionally Omitted]. 
  
 (i) [Intentionally Omitted]. 
  
 (j) The provisions of this Section 10.1 are essential to this Lease, and upon application to any court of law or equity having
jurisdiction in the premises, Lessor shall be entitled to a decree against Lessee requiring specific performance of the covenants of Lessee set forth in this Section 10.1. 
  

	 	10.2	Environmental Inspection. 

  
 If Lessee has not given notice of exercise of its Purchase Option on the Expiration Date pursuant to Section 20.1 or for whatever reason
Lessee does not purchase a Property in accordance with the terms of this Lease, then not more than one hundred eighty (180) days nor less than sixty (60) days prior to the Expiration Date, Lessee at its expense shall cause to be delivered to Lessor
a Phase I environmental site assessment recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor, and in form, scope and content reasonably satisfactory
to Lessor. 
  

 12 

 ARTICLE XI 
  

	 	11.1	Modifications. 

  
 (a) Lessee at its sole cost and expense, at any time and from time to time without the consent of Lessor may make modifications,
alterations, renovations, improvements and additions to any Property or any part thereof and substitutions and replacements therefor (collectively, “Modifications”), and Lessee shall make any and all Modifications required to be
made pursuant to all Legal Requirements, Insurance Requirements and manufacturer’s specifications and standards; provided, that: (i) no Modification shall materially impair the value, utility or useful life of any Property from that
which existed immediately prior to such Modification; (ii) each Modification shall be done expeditiously and in a good and workmanlike manner; (iii) no Modification shall adversely affect the structural integrity of any Property; (iv) to the extent
required by Section 14.2(a), Lessee shall maintain builders’ risk insurance at all times when a Modification is in progress; (v) subject to the terms of Article XIII relating to permitted contests, Lessee shall pay all costs and expenses and
discharge any Liens arising with respect to any Modification; (vi) each Modification shall comply with the requirements of this Lease (including without limitation Sections 8.2 and 10.1); and (vii) no Improvement shall be demolished or otherwise
rendered unfit for use unless Lessee shall finance the proposed replacement Modification outside of this lease facility; provided, further, Lessee shall not make any Modification (unless required by any Legal Requirement) to the extent
any such Modification, individually or in the aggregate, shall or could reasonably be expected to have a Material Adverse Effect. Except as expressly provided in this Section, all Modifications shall immediately and without further action upon their
incorporation into the applicable Property (1) become property of Lessor, (2) be subject to this Lease and (3) be titled in the name of Lessor. Lessee shall not remove or attempt to remove any Modification from any Property. Each Ground Lease for a
Property shall expressly provide for the provisions of the foregoing sentence. Lessee, at its own cost and expense, will pay for the repairs of any damage to any Property caused by the removal or attempted removal of any Modification. 
  
 Modifications made by Lessee that (A) are not required to be
made pursuant to Legal Requirements, Insurance Requirements or manufacturer’s specifications or standards, (B) are not financed or paid for wholly or partially by the Lessor or with proceeds of any Casualty or Condemnation, (C) are not required
replacements pursuant to Article 15 of the Lease or any other provision of any Operative Agreement and (D) can be removed without adversely affecting the value, utility or useful life of the Property or the operation of the Property as a Permitted
Facility, may be removed by Lessee prior to the Expiration Date, provided, if such Modifications are not removed by such date then title to such Modifications shall revert to Lessor. Lessee at its sole cost and expense shall repair in a good and
workmanlike manner any and all damage done to any Property due to the removal, detachment, attempted removal or attempted detachment of any Modification from a Property and all such repairs shall be completed by the earlier of (Y) thirty (30) days
after such removal, detachment, attempted removal or attempted detachment of the applicable Modification from the applicable Property and (Z) the 

  

 13 

 
Expiration Date. Lessee shall not remove or attempt to remove any Modification titled to Lessor from any Property. 
  
 Lessee may install any removable trade fixtures, machinery,
equipment, inventory or other property (and all right, title and interest in and to such property shall belong to the Lessee or a third party other than any Financing Party) that (A) is not required to be made pursuant to Legal Requirements,
Insurance Requirements or manufacturer’s specifications or standards, (B) is not financed or paid for wholly or partially by the Lessor or with proceeds of any Casualty or Condemnation, (C) is not a required replacement pursuant to Article 15
of the Lease or any other provision of any Operative Agreement and (D) can be removed without adversely affecting the value, utility or useful life of the Property or the operation of the Property as a Permitted Facility, may be removed by Lessee
prior to the Expiration Date, provided, if such property is not removed by such date then title to such property shall automatically transfer to and vest in the Lessor. Lessee at its sole cost and expense shall repair in a good and workmanlike
manner any and all damage done to any Property due to the removal, detachment, attempted removal or attempted detachment of any property from a Property and all such repairs shall be completed by the earlier of (Y) thirty (30) days after such
removal, detachment, attempted removal or attempted detachment of the applicable Modification from the applicable Property and (Z) the Expiration Date. Lessee shall not remove or attempt to remove any Modification titled to Lessor from any Property.

  
 (b) The construction process provided for in
the Agency Agreement is acknowledged by Lessor to be consistent with and in compliance with the terms and provisions of this Article XI. 
  
 ARTICLE XII 
  

	 	12.1	Warranty of Title. 

  
 (a) Lessee hereby acknowledges and shall cause title in each Property (including without limitation all Equipment, all Improvements, all
replacement components to each Property and all Modifications) immediately and without further action to vest in and become the property of Lessor and to be subject to the terms of this Lease (provided, respecting each Property subject to a
Ground Lease, Lessor’s interest therein is acknowledged to be a leasehold interest pursuant to such Ground Lease) from and after the date hereof or such date of incorporation into any Property. Lessee agrees that, subject to the terms of
Article XIII relating to permitted contests, Lessee shall not directly or indirectly create or allow to remain, and shall promptly discharge at its sole cost and expense, any Lien, defect, attachment, levy, title retention agreement or claim upon
any Property, any component thereof or any Modifications or any Lien, attachment, levy or claim with respect to the Rent or with respect to any amounts held by Lessor, the Agent, any Lender or any Holder pursuant to any Operative Agreement, other
than Permitted Liens. Lessee shall promptly notify Lessor in the event it receives actual knowledge that a Lien other than a Permitted Lien has occurred with respect to a 

  

 14 

 
Property, the Rent or any other such amounts, and Lessee represents and warrants to, and covenants with, Lessor that the Liens in favor of Lessor and/or the
Agent created by the Operative Agreements are (and until the Financing Parties under the Operative Agreements have been paid in full shall remain) first priority perfected Liens subject only to Permitted Liens and Lessor Liens. At all times
subsequent to the Commencement Date respecting a Property, Lessee shall (i) cause a valid, perfected, first priority Lien on each applicable Property to be in place in favor of the Agent (for the benefit of the Secured Parties) and (ii) file, or
cause to be filed, all necessary documents under the applicable real property law and Article 9 of the Uniform Commercial Code to perfect such title and Liens. 
  

(b) Nothing contained in this Lease shall be construed as constituting the consent or request of Lessor, expressed or implied, to or
for the performance by any contractor, mechanic, laborer, materialman, supplier or vendor of any labor or services or for the furnishing of any materials for any construction, alteration, addition, repair or demolition of or to any Property or any
part thereof. NOTICE IS HEREBY GIVEN THAT LESSOR IS NOT AND SHALL NOT BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE FURNISHED TO LESSEE, OR TO ANYONE HOLDING A PROPERTY OR ANY PART THEREOF THROUGH OR UNDER LESSEE, AND THAT NO
MECHANIC’S OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS SHALL ATTACH TO OR AFFECT THE INTEREST OF LESSOR IN AND TO ANY PROPERTY. 
  
 ARTICLE XIII 
  

	 	13.1	Permitted Contests Other Than in Respect of Indemnities. 

  
 Except to the extent otherwise provided for in Section 11 of the Participation Agreement, Lessee, on its own or on Lessor’s behalf
but at Lessee’s sole cost and expense, may contest, by appropriate administrative or judicial proceedings conducted in good faith and with due diligence, the amount, validity or application, in whole or in part, of any Legal Requirement,
Imposition or utility charge payable pursuant to Section 4.1 or any Lien, attachment, levy, encumbrance or encroachment, and Lessor agrees not to pay, settle or otherwise compromise any such item, provided, that (a) the commencement and
continuation of such proceedings shall suspend the collection of any such contested amount from, and suspend the enforcement thereof against, the applicable Properties, Lessor, each Holder, the Agent and each Lender; (b) there shall not be imposed a
Lien (other than Permitted Liens) on any Property and no part of any Property nor any Rent would be in any danger of being sold, forfeited, lost or deferred; (c) at no time during the permitted contest shall there be a risk of the imposition of
criminal liability or material civil liability on Lessor, any Holder, the Agent or any Lender for failure to comply therewith; and (d) in the event that, at any time, there shall be a material risk of extending the application of such item beyond
the end of the Term, then Lessee shall deliver to Lessor an Officer’s Certificate certifying as to the matters set forth in clauses (a), (b) and (c) of this Section 13.1. Lessor, at Lessee’s sole cost and expense, shall execute and deliver
to Lessee such authorizations and other documents as may reasonably be required in connection with any such 

  

 15 

 
contest and, if reasonably requested by Lessee and required under local procedural rules or regulations, shall join as a party therein at Lessee’s sole
cost and expense; provided, however, Lessor shall not join as a party therein in the event each Lender, each Holder and the Lessor agrees that the Lessor shall forfeit the benefit of its indemnity under the Operative Agreements with respect to such
contest. 
  

	 	13.2	Impositions, Utility Charges, Other Matters; Compliance with Legal Requirements. 

  
 Except with respect to Impositions, Legal Requirements, utility charges and such other matters referenced in
Section 13.1 which are the subject of ongoing proceedings contesting the same in a manner consistent with the requirements of Section 13.1, subject to the obligation of Lessor to pay Impositions required to remove any Lessor Lien, Lessee shall cause
(a) all Impositions, utility charges and such other matters to be timely paid, settled or compromised, as appropriate, with respect to each Property and (b) each Property to comply with all applicable Legal Requirements. 
  
 ARTICLE XIV 
  

	 	14.1	Public Liability and Workers’ Compensation Insurance. 

  
 During the Term for each Property, Lessee shall procure and carry, at Lessee’s sole cost and expense, commercial general liability
and umbrella liability insurance for claims for injuries or death sustained by persons or damage to property while on such Property or respecting the Equipment and such other public liability coverages as are then customarily carried by similarly
situated companies conducting business similar to that conducted by Lessee. Such insurance shall be on terms and in amounts that are no less favorable than insurance maintained by Lessee with respect to similar properties and equipment that it owns
and are then carried by similarly situated companies conducting business similar to that conducted by Lessee, and in no event shall have a minimum combined single limit per occurrence coverage (i) for commercial general liability of less than
$1,000,000 and (ii) for umbrella liability of less than $25,000,000. The policies shall name Lessee as the insured and shall be endorsed to name Lessor, the Holders, the Agent and the Lenders as additional insureds. The policies shall also
specifically provide that such policies shall be considered primary insurance which shall apply to any loss or claim before any contribution by any insurance which Lessor, any Holder, the Agent or any Lender may have in force. In the operation of
the Properties, Lessee shall comply with applicable workers’ compensation laws and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws. 
  

	 	14.2	Permanent Hazard and Other Insurance. 

  
 (a) During the Term for each Property, Lessee shall keep such Property insured against all risk of physical loss or damage by fire and
other risks and shall maintain all risk builders’ risk insurance during construction of any Improvements or Modifications in each case in amounts no less than the Property Cost of such Property 

  

 16 

 
from time to time and on terms that (i) are no less favorable than insurance covering other similar properties owned by Lessee, (ii) subject to subsection
(iii) below, are then carried by similarly situated companies conducting business similar to that conducted by Lessee and (iii) regarding builder’s all risk insurance, shall cover all Casualty and all Force Majeure Events except Uninsurable
Force Majeure Events. Such all risk builder’s risk insurance shall not have a deductible in excess of $100,000 per occurrence (provided, from and after the earlier to occur of the delivery of the insurance certificate referenced in
Section 17.1 (a) and January 15, 2002, such deductible shall not be in excess of $25,000 per occurrence) with respect to any Construction Period Property and, with respect to each Construction Period Property as of the applicable Property Closing
Date, such insurance shall be in effect for a term covering the period from such Property Closing Date through and including the Completion Date of such Property. The policies shall name Lessee as the insured and shall be endorsed to name Lessor and
the Agent (on behalf of the Secured Parties) as an additional insured and loss payee; provided, so long as no Event of Default exists, any loss payable under the insurance policies required by this Section for losses up to $1,000,000 will be
paid to Lessee. 
  
 (b) If, during the Term with
respect to a Property the area in which such Property is located is designated a “flood-prone” area pursuant to the Flood Disaster Protection Act of 1973, or any amendments or supplements thereto or is in a zone designated A or V, then
Lessee shall comply with the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973. In addition, Lessee will fully comply with the requirements of the National Flood Insurance Act of 1968 and the Flood Disaster
Protection Act of 1973, as each may be amended from time to time, and with any other Legal Requirement, concerning flood insurance to the extent that it applies to any such Property. During the Term, Lessee shall, in the operation and use of each
Property, maintain workers’ compensation insurance consistent with that carried by similarly situated companies conducting business similar to that conducted by Lessee and containing minimum liability limits of no less than $100,000. In the
operation of each Property, Lessee shall comply with workers’ compensation laws applicable to Lessee, and protect Lessor, each Holder, the Agent and each Lender against any liability under such laws. 
  

	 	14.3	Coverage. 

  
 (a) As of the date of this Lease and annually thereafter during the Term, Lessee shall furnish the Agent (on behalf of Lessor, and the
other beneficiaries of such insurance coverage) and Lessor with certificates prepared by the insurers or insurance broker of Lessee showing the insurance required under Sections 14.1 and 14.2 to be in effect, naming (to the extent of their
respective interests) Lessor, in its individual and trust capacity, the Holders, the Agent and the Lenders as additional insureds and loss payees and evidencing the other requirements of this Article XIV. All such certificates must be in form and
substance satisfactory to Lessor and the Agent. All such insurance shall be at the cost and expense of Lessee and provided by nationally recognized, financially sound insurance companies having an A+ or better rating by A.M. Best’s Key Rating
Guide. Lessee shall cause such certificates to include a provision for thirty (30) 

  

 17 

 
days’ advance written notice by the insurer to the Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) and Lessor in the
event of cancellation or material alteration of such insurance. If an Event of Default has occurred and is continuing and the Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) so requests, Lessee shall deliver to the
Agent (on behalf of Lessor and the other beneficiaries of such insurance coverage) and Lessor copies of all insurance policies required by Sections 14.1 and 14.2. 
  
 (b) Lessee agrees that the insurance policy or policies required by Sections 14.1, 14.2(a) and 14.2(b) shall
include an appropriate clause pursuant to which any such policy shall provide that it will not be invalidated should Lessee or any Contractor, as the case may be, waive, at any time, any or all rights of recovery against any party for losses covered
by such policy or due to any breach of warranty, fraud, action, inaction or misrepresentation by Lessee or any Person acting on behalf of Lessee. Lessee hereby waives any and all such rights against Lessor, the Holders, the Agent and the Lenders to
the extent of payments made to any such Person under any such policy. 
  
 (c) Neither Lessor nor Lessee shall carry separate insurance concurrent in kind or form or contributing in the event of loss with any insurance required under this Article XIV, except that Lessor may carry separate
liability insurance at Lessor’s sole cost so long as (i) Lessee’s insurance is designated as primary and in no event excess or contributory to any insurance Lessor may have in force which would apply to a loss covered under Lessee’s
policy and (ii) each such insurance policy will not cause Lessee’s insurance required under this Article XIV to be subject to a coinsurance exception of any kind. This provision shall not limit the Agent, any Lender or any Holder from carrying
separate insurance. 
  
 (d) Lessee shall pay or
cause to be paid as they become due all premiums for the insurance required by Section 14.1 and Section 14.2, shall renew or replace each policy prior to the expiration date thereof or otherwise maintain the coverage required by such Sections
without any lapse in coverage. 
  
 ARTICLE XV 
  

	 	15.1	Casualty and Condemnation. 

  
 (a) Subject to the provisions of the Agency Agreement and this Article XV and Article XVI (in the event Lessee delivers, or is obligated
to deliver or is deemed to have delivered, a Termination Notice), and prior to the occurrence and continuation of a Default or an Event of Default, Lessee shall be entitled to receive (and Lessor hereby irrevocably assigns to Lessee all of
Lessor’s right, title and interest in) any condemnation proceeds, award, compensation or insurance proceeds under Sections 14.2(a) or 14.2(b) hereof to which Lessee or Lessor may become entitled by reason of their respective interests in a
Property (i) if all or a portion of such Property is damaged or destroyed in whole or in part by a Casualty or (ii) if the use, access, occupancy, easement rights or title 

  

 18 

 
to such Property or any part thereof is the subject of a Condemnation; provided, however, if a Default or an Event of Default shall have
occurred and be continuing or if such award, compensation or insurance proceeds shall exceed $1,000,000, then such award, compensation or insurance proceeds shall be paid directly to Lessor or, if received by Lessee, shall be held in trust for
Lessor, and shall be paid over by Lessee to Lessor and held in accordance with the terms of this paragraph (a). All amounts held by Lessor hereunder on account of any award, compensation or insurance proceeds either paid directly to Lessor or turned
over to Lessor shall be held as security for the performance of Lessee’s obligations hereunder and under the other Operative Agreements and when all such obligations of Lessee with respect to such matters (and all other obligations of Lessee
which should have been satisfied pursuant to the Operative Agreements as of such date) have been satisfied, all amounts so held by Lessor shall be paid over to Lessee. 
  
 (b) To the extent no Lease Event of Default shall have occurred and be continuing, Lessee may appear in any
proceeding or action to negotiate, prosecute, adjust or appeal any claim for any award, compensation or insurance payment on account of any such Casualty or Condemnation. Lessee shall pay all expenses regarding each such proceeding or action
referenced in the previous sentence. At Lessee’s reasonable request, and at Lessee’s sole cost and expense, Lessor and the Agent shall participate in any such proceeding, action, negotiation, prosecution or adjustment. Lessor and Lessee
agree that this Lease shall control the rights of Lessor and Lessee in and to any such award, compensation or insurance payment. 
  
 (c) If Lessee shall receive notice of a Casualty or a Condemnation of a Property or any interest therein where damage to the affected
Property is estimated to equal or exceed twenty-five percent (25%) of the Property Cost of such Property, Lessee shall give notice thereof to Lessor promptly after Lessee’s receipt of such notice. In the event such a Casualty or Condemnation
occurs (regardless of whether Lessee gives notice thereof), then Lessee shall be deemed to have delivered a Termination Notice to Lessor and the provisions of Sections 16.1 and 16.2 shall apply. 
  
 (d) In the event of a Casualty or a Condemnation (regardless
of whether notice thereof must be given pursuant to paragraph (c)), this Lease shall terminate with respect to the applicable Property in accordance with Section 16.1 if Lessee, within thirty (30) days after such occurrence, delivers to Lessor a
notice to such effect. 
  
 (e) If pursuant to
this Section 15.1 this Lease shall continue in full force and effect following a Casualty or Condemnation with respect to the affected Property, Lessee shall, at its sole cost and expense (subject to reimbursement in accordance with Section 15.1(a))
promptly and diligently repair any damage to the applicable Property caused by such Casualty or Condemnation in conformity with the requirements of Sections 10.1 and 11.1, using the as-built Plans and Specifications or manufacturer’s
specifications for the applicable Improvements, Equipment or other components of the applicable Property (as modified to give effect to any subsequent Modifications, any Condemnation affecting the applicable Property and all applicable Legal
Requirements), so as to restore the applicable Property to the same or a greater remaining economic 

  

 19 

 
value, useful life, utility, condition, operation and function as existed immediately prior to such Casualty or Condemnation (assuming all maintenance and
repair standards have been satisfied). In such event, title to the applicable Property shall remain with Lessor. 
  
 (f) In no event shall a Casualty or Condemnation affect Lessee’s obligations to pay Rent pursuant to Article III. 
  
 (g) Notwithstanding anything to the contrary set forth in
Section 15.1 (a) or Section 15.1(e), if during the Term with respect to a Property to which Section 15.1(c) does not apply a Casualty occurs with respect to such Property or Lessee receives notice of a Condemnation with respect to such Property, and
following such Casualty or Condemnation, the applicable Property cannot reasonably be restored, repaired or replaced on or before the day one hundred eighty (180) days prior to the Expiration Date or the date nine (9) months after the occurrence of
such Casualty or Condemnation (if such Casualty or Condemnation occurs during the Term) to the same or a greater remaining economic value, useful life, utility, condition, operation and function as existed immediately prior to such Casualty or
Condemnation (assuming all maintenance and repair standards have been satisfied) or on or before such day such Property is not in fact so restored, repaired or replaced, then Lessee shall be required to exercise its Purchase Option for such Property
on the next Payment Date (notwithstanding the limits on such exercise contained in Section 20.2) and pay Lessor the Termination Value for such Property; provided, if any Default or Event of Default has occurred and is continuing, Lessee shall
also promptly (and in any event within three (3) Business Days) pay Lessor any award, compensation or insurance proceeds received on account of any Casualty or Condemnation with respect to any Property; provided, further, that if no
Default or Event of Default has occurred and is continuing, any Excess Proceeds shall be paid to Lessee. If a Default or an Event of Default has occurred and is continuing and any Loans, Holder Advances or other amounts are owing with respect
thereto, then any Excess Proceeds (to the extent of any such Loans, Holder Advances or other amounts owing with respect thereto) shall be paid to Lessor, held as security for the performance of Lessee’s obligations hereunder and under the other
Operative Agreements and applied to such obligations upon the exercise of remedies in connection with the occurrence of an Event of Default, with the remainder of such Excess Proceeds in excess of such Loans, Holder Advances and other amounts owing
with respect thereto being distributed to the Lessee. 
  
 (h) The provisions of Sections 15.1(a)-15.1(g) shall only apply to a Property after the Completion Date for such Property. 
  

	 	15.2	Environmental Matters. 

  
 Promptly upon Lessee’s actual knowledge of the presence of Hazardous Substances in any portion of any Property or Properties in
concentrations and conditions that constitute an Environmental Violation and which, in the reasonable opinion of Lessee, the cost to undertake any legally required response, clean up, remedial or other action will or might result in a cost to Lessee
of more than $100,000, Lessee shall notify Lessor in writing of such condition. 

  

 20 

 
In the event of any Environmental Violation (regardless of whether notice thereof must be given), Lessee shall, not later than thirty (30) days after Lessee
has actual knowledge of such Environmental Violation, either deliver to Lessor a Termination Notice with respect to the applicable Property or Properties pursuant to Section 16.1, if applicable, or, at Lessee’s sole cost and expense, promptly
and diligently undertake and diligently complete any response, clean up, remedial or other action (including without limitation the pursuit by Lessee of appropriate action against any off-site or third party source for contamination) necessary to
remove, cleanup or remediate the Environmental Violation in accordance with all Environmental Laws. Any such undertaking shall be timely completed in accordance with prudent industry standards. If Lessee does not deliver a Termination Notice with
respect to such Property pursuant to Section 16.1, Lessee shall, upon completion of remedial action by Lessee, cause to be prepared by a reputable environmental consultant acceptable to Lessor a report describing the Environmental Violation and the
actions taken by Lessee (or its agents) in response to such Environmental Violation, and a statement by the consultant that the Environmental Violation has been remedied in full compliance with applicable Environmental Law. Not less than sixty (60)
days and not more than one hundred eighty (180) days prior to any time that Lessee elects to cease operations with respect to any Property or to remarket any Property pursuant to Section 20.1 hereof or any other provision of any Operative Agreement,
Lessee at its expense shall cause to be delivered to Lessor a Phase I environmental site assessment respecting such Property recently prepared (no more than thirty (30) days prior to the date of delivery) by an independent recognized professional
acceptable to Lessor in its reasonable discretion and in form, scope and content satisfactory to Lessor in its reasonable discretion. Notwithstanding any other provision of any Operative Agreement, if Lessee fails to comply with the foregoing
obligation regarding the Phase I environmental site assessment, Lessee shall be obligated to purchase such Property for its Termination Value and shall not be permitted to exercise (and Lessor shall have no obligation to honor any such exercise) any
rights under any Operative Agreement regarding a sale of such Property to a Person other than Lessee or any Affiliate of Lessee. 
  

	 	15.3	Notice of Environmental Matters. 

  
 Promptly, but in any event within thirty (30) days from the date Lessee has actual knowledge thereof, Lessee shall provide to Lessor
written notice of any pending or threatened claim, action or proceeding involving any Environmental Law or any Release on or in connection with any Property or Properties. All such notices shall describe in reasonable detail the nature of the claim,
action or proceeding and Lessee’s proposed response thereto. In addition, Lessee shall provide to Lessor, within thirty (30) days of receipt, copies of all material written communications with any Governmental Authority relating to any
Environmental Law in connection with any Property. Lessee shall also promptly provide such detailed reports of any such material environmental claims as may reasonably be requested by Lessor. 
  

 21 

 ARTICLE XVI 
  

	 	16.1	Termination Upon Certain Events. 

  
 If Lessee has delivered, or is deemed to have delivered, written notice of a termination of this Lease with respect to the applicable
Property to Lessor in the form described in Section 16.2(a) (a “Termination Notice”) pursuant to the provisions of this Lease, then following the applicable Casualty, Condemnation or Environmental Violation, this Lease shall
terminate with respect to the affected Property on the applicable Termination Date. 
  

	 	16.2	Procedures. 

  
 (a) A Termination Notice shall contain: (i) notice of termination of this Lease with respect to the affected Property on a Payment Date
not more than sixty (60) days after Lessor’s receipt of such Termination Notice (the “Termination Date”); and (ii) a binding and irrevocable agreement of Lessee to pay the Termination Value for the applicable Property and
purchase such Property on such Termination Date. 
  
 (b) On each Termination Date, Lessee shall pay to Lessor the Termination Value for the applicable Property, and Lessor shall convey such Property or the remaining portion thereof, if any, to Lessee (or Lessee’s designee), all in
accordance with Section 20.2. 
  
 ARTICLE XVII 

 

	 	17.1	Lease Events of Default. 

  
 If any one (1) or more of the following events (each a “Lease Event of Default”) shall occur: 
  
 (a) Lessee shall fail to make payment of (i) any Basic Rent
(except as set forth in clause (ii) within five (5) Business Days after the same has become due and payable or (ii) any Termination Value, on the date any such payment is due and payable, or any payment of Basic Rent or Supplemental Rent due on the
due date of any such payment of Termination Value, or any amount due on the Expiration Date; 
  
 (b) Lessee shall fail to make payment of any Supplemental Rent (other than Supplemental Rent referred to in Section 17.1(a)(ii)) or any
other Credit Party shall fail to make any payment of any amount under any Operative Agreement which has become due and payable within five (5) Business Days after receipt of notice that such payment is due; 
  
 (c) Lessee shall fail to maintain insurance as required by
Article XIV of this Lease or to deliver any requisite annual certificate with respect thereto within ten (10) 

  

 22 

 
days of the date after receipt of notice of Lessee’s failure to provide such certificate when due under the terms hereof; 
  
 (d) (i) Lessee shall fail to observe or perform any term,
covenant, obligation or condition of Lessee under this Lease (including without limitation the Incorporated Covenants) or any other Operative Agreement to which Lessee is a party other than those set forth in Sections 17.1(a), (b) or (c) hereof, or
any other Credit Party shall fail to observe or perform any term, covenant, obligation or condition of such Credit Party under any Operative Agreement other than those set forth in Section 17.1(b) hereof and such failure shall continue for thirty
(30) days (or with respect to the Incorporated Covenants, the grace period, if any, applicable thereto) after the earlier of (A) notice thereof to the Lessee or such Credit Party and (B) the date the Lessee or such Credit Party otherwise has notice
thereof, or (ii) any representation or warranty made by Lessee or any other Credit Party set forth in this Lease (including without limitation the Incorporated Representations and Warranties) or in any other Operative Agreement or in any document
entered into in connection herewith or therewith or in any document, certificate or financial or other statement delivered in connection herewith or therewith shall be false or inaccurate in any material way when made; 
  
 (e) An Agency Agreement Event of Default shall have occurred
and be continuing; 
  
 (f) Any Credit Party or
any Subsidiary of any Credit Party shall default (beyond applicable periods of grace and/or notice and cure) in the payment when due of any principal of or interest on any Indebtedness having an outstanding principal amount of at least $25,000,000;
or any other event or condition shall occur which results in a default of any such Indebtedness or enables the holder of any such Indebtedness or any Person acting on such holder’s behalf to accelerate the maturity thereof; 
  
 (g) The liquidation or dissolution of any Credit Party, or
the suspension of the business of any Credit Party, or the filing by any Credit Party of a voluntary petition or an answer seeking reorganization, arrangement, readjustment of its debts or for any other relief under the United States Bankruptcy
Code, as amended, or under any other insolvency act or law, state or federal, now or hereafter existing, or any other action of any Credit Party indicating its consent to, approval of or acquiescence in, any such petition or proceeding; the
application by any Credit Party for, or the appointment by consent or acquiescence of any Credit Party of a receiver, a trustee or a custodian of any Credit Party for all or a substantial part of its property; the making by any Credit Party of any
assignment for the benefit of creditors; the inability of any Credit Party or the admission by any Credit Party in writing of its inability to pay its debts as they mature or any Credit Party is generally not paying its debts and other financial
obligations as they become due and payable; or any Credit Party taking any corporate action to authorize any of the foregoing; 
  
 (h) The filing of an involuntary petition against any Credit Party in bankruptcy or seeking reorganization, arrangement, readjustment of
its debts or for any 

  

 23 

 
other relief under the United States Bankruptcy Code, as amended, or under any other insolvency act or law, state or federal, now or hereafter existing; or
the involuntary appointment of a receiver, a trustee or a custodian of any Credit Party for all or a substantial part of its property; or the issuance of a warrant of attachment, execution or similar process against any substantial part of the
property of any Credit Party, and the continuance of any of such events for ninety (90) days undismissed or undischarged; 
  
 (i) The adjudication of any Credit Party as bankrupt or insolvent; 
  
 (j) The entering of any order in any proceedings against any Credit Party or any Subsidiary of any Credit
Party decreeing the dissolution, divestiture or split-up of any Credit Party or any Subsidiary of any Credit Party, and such order remains in effect for more than sixty (60) days; 
  
 (k) Any report, certificate, financial statement or other instrument delivered to Lessor by or on behalf of
any Credit Party pursuant to the terms of this Lease or any other Operative Agreement is false or misleading in any material respect when made or delivered; 
  
 (l) Any Parent Credit Agreement Event of Default shall have occurred and be continuing and shall not have been waived; 
  
 (m) A final judgment or judgments for the payment of money
shall be rendered by a court or courts against any Credit Party or any Subsidiary of any Credit Party in excess of $1,000,000, in the aggregate, over amounts paid by insurance policies (other than self-insurance), and (i) the same shall not be
discharged (or provision shall not be made for such discharge), or a stay of execution thereof shall not be procured, within thirty (30) days from the date of entry thereof, or (ii) any Credit Party or any such Subsidiary shall not, within said
period of thirty (30) days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal, or (iii) such judgment or judgments shall not be
discharged (or provisions shall not be made for such discharge) within thirty (30) days after a decision has been reached with respect to such appeal and the related stay has been lifted; 
  
 (n) Any Credit Party or any member of the Controlled Group
shall fail to pay when due an amount or amounts aggregating in excess of $2,000,000 which it shall have become liable to pay to the PBGC or to a Pension Plan under Title IV of ERISA; or notice of intent to terminate a Pension Plan or Pension Plans
having aggregate Unfunded Liabilities in excess of $2,000,000 shall be filed under Title IV of ERISA by any Credit Party or any member of the Controlled Group, any plan administrator or any combination of the foregoing; or the PBGC shall institute
proceedings under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer any such Pension Plan or Pension Plans or a proceeding shall be instituted by a fiduciary of any such Pension Plan or Pension Plans against any
Credit Party or any member of the Controlled Group to enforce Section 515 or 4219(c)(5) of ERISA; or a condition shall exist by reason of 

  

 24 

 
which the PBGC would be entitled to obtain a decree adjudicating that any such Pension Plan or Pension Plans must be terminated; 
  
 (o) (i) As a result of one (1) or more transactions after
the date of this Lease, any “person” or “group” (each as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), who are not as of the Initial Closing Date owners of one percent (1%) or more of the voting stock of the
Parent, either (A) becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of voting stock of the Parent (or securities convertible into or exchangeable for such voting stock) representing 15%
or more of the combined voting power of all voting stock of the Parent (on a fully diluted basis) or (B) otherwise has the ability, directly or indirectly, to elect a majority of the board of directors of the Parent; or (ii) during any period of up
to 24 consecutive months, commencing on the Initial Closing Date, individuals who at the beginning of such period were directors of the Parent shall cease for any reason (other than the death, disability or retirement of an officer of the Parent
that is serving as a director at such time so long as another officer of the Parent replaces such Person as a director) to constitute a majority of the board of directors of the Parent; or (iii) any Person or two or more Persons acting in concert
shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation thereof, will result in its or their acquisition, of the power to exercise, directly or indirectly, a controlling influence on
the management or policies of the Parent; 
  
 (p)
Any Operative Agreement shall cease to be in full force and effect; 
  
 (q) Except as to any Credit Party which is released in connection with the Operative Agreements, the guaranty given by the Guarantor under the Participation Agreement or any provision thereof shall cease to be in full
force and effect, or the Guarantor or any Person acting by or on behalf of the Guarantor shall deny or disaffirm the Guarantor’s obligations under such guaranty, or the Guarantor shall default in the due performance or observance of any term,
covenant or agreement on its part to be performed or observed pursuant to any guaranty; 
  
 (r) Lessee shall fail to deposit or maintain Cash Equivalents equal to the amount required by Section 5.11 of the Participation Agreement
in the Cash Collateral Account; 
  
 (s) Lessee
shall fail to purchase all Tranche A Notes in accordance with the terms of the Operative Agreements, including without limitation Section 8.3(w) of the Participation Agreement; 
  
 (t) there shall occur (i) any cancellation, revocation, suspension or termination of any Medicare
Certification, Medicare Provider Agreement, Medicaid Certification or Medicaid Provider Agreement affecting the Parent, any Subsidiary or any Contract Provider, or (ii) the loss of any other permits, licenses, authorizations, certifications or
approvals from any federal, state or local Governmental Authority or termination of any contract with any such authority, in either case which cancellation, 

  

 25 

 
revocation, suspension, termination or loss (X) in the case of any suspension or temporary loss only, continues for a period greater than 60 days and (Y)
results in the suspension or termination of operations of the Parent or any Subsidiary or in the failure of the Parent or any Subsidiaries or any Contract Provider to be eligible to participate in Medicare or Medicaid programs or to accept
assignments of rights to reimbursement under Medicaid Regulations or Medicare Regulations, if and only if such Person, in the ordinary course of business, participates in the Medicare or Medicare programs or accepts assignments of rights to
reimbursement thereunder; provided that any such events described in this Section 17.1(t) shall constitute an Event of Default only if such event shall result either singly or in the aggregate in the termination, cancellation, suspension or
material impairment of operations or rights to reimbursement which produce 5% or more of the Parent’s gross revenues (on an annualized basis); or 
  
 (u) Lessee shall fail to deliver to Lessor and the Agent an insurance certificate on or prior to January 15, 2002 that evidences all risk
builder’s risk and all risk of physical loss or damage insurance with respect to the Digital Hospital Property including (i) a deductible amount of $25,000 or less per occurrence, (ii) coverage from January 15, 2002 through the Completion Date,
(iii) policy limit amounts of not less than $200,000,000 per occurrence and (iv) all other terms and conditions required pursuant to the Lease which are not in conflict with or less stringent than (i), (ii) or (iii) above. 
  
 then, in any such event, Lessor may, in addition to the other rights and remedies provided
for in this Article XVII and in Section 18.1, terminate this Lease by giving Lessee five (5) days notice of such termination (provided, notwithstanding the foregoing, this Lease shall be deemed to be automatically terminated without the giving of
notice upon the occurrence of a Lease Event of Default under Sections 17.1(g), (h), (i) or (j)), and this Lease shall terminate, and all rights of Lessee under this Lease shall cease. Lessee shall, to the fullest extent permitted by law, pay as
Supplemental Rent all costs and expenses incurred by or on behalf of Lessor or any other Financing Party, including without limitation reasonable fees and expenses of counsel, as a result of any Lease Event of Default hereunder. 
  
 A POWER OF SALE HAS BEEN GRANTED IN THIS LEASE. A POWER OF SALE MAY ALLOW
LESSOR TO TAKE THE PROPERTIES AND SELL THE PROPERTIES WITHOUT GOING TO COURT IN A FORECLOSURE ACTION UPON THE OCCURRENCE OF A LEASE EVENT OF DEFAULT. 
  

	 	17.2	Surrender of Possession. 

  
 If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall, upon thirty (30) days written notice, surrender to Lessor possession of the Properties. Lessor may enter upon and repossess the Properties by such means as are available at law or in equity, and may remove Lessee and all
other Persons and any and all personal property and Lessee’s equipment and personalty and severable Modifications from the Properties. Lessor shall have no liability by reason of any such entry, repossession or removal performed in accordance
with applicable law. Upon the written demand of Lessor, Lessee shall return the Properties promptly to Lessor, in the 

  

 26 

 
manner and condition required by, and otherwise in accordance with the provisions of, Section 22.1(c) hereof. 
  

	 	17.3	Reletting. 

  
 If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessor may, but shall be under no obligation to, relet any or all of the Properties, for the account of Lessee or otherwise, for such term or terms (which may be greater or less than the period which would otherwise have constituted
the balance of the Term) and on such conditions (which may include concessions or free rent) and for such purposes as Lessor may determine, and Lessor may collect, receive and retain the rents resulting from such reletting. Lessor shall not be
liable to Lessee for any failure to relet any Property or for any failure to collect any rent due upon such reletting. 
  

	 	17.4	Damages. 

  
 Neither (a) the termination of this Lease as to all or any of the Properties pursuant to Section 17.1; (b) the repossession of all or any
of the Properties; nor (c) the failure of Lessor to relet all or any of the Properties, the reletting of all or any portion thereof, nor the failure of Lessor to collect or receive any rentals due upon any such reletting, shall relieve Lessee of its
liabilities and obligations hereunder, all of which shall survive any such termination, repossession or reletting. If any Lease Event of Default shall have occurred and be continuing and notwithstanding any termination of this Lease pursuant to
Section 17.1, Lessee shall forthwith pay to Lessor all Rent and other sums due and payable hereunder to and including without limitation the date of such payment. Thereafter, on the days on which the Basic Rent or Supplemental Rent, as applicable,
are payable under this Lease or would have been payable under this Lease if the same had not been terminated pursuant to Section 17.1 and until the end of the Term hereof or what would have been the Term in the absence of such termination, Lessee
shall pay Lessor, as current liquidated damages (it being agreed that it would be impossible accurately to determine actual damages) an amount equal to the Basic Rent and Supplemental Rent that are payable under this Lease or would have been payable
by Lessee hereunder if this Lease had not been terminated pursuant to Section 17.1, less the net proceeds, if any, which are actually received by Lessor with respect to the period in question of any reletting of any Property or any portion thereof;
provided, that Lessee’s obligation to make payments of Basic Rent and Supplemental Rent under this Section 17.4 shall continue only so long as Lessor shall not have received the amounts specified in Section 17.6. In calculating the
amount of such net proceeds from reletting, there shall be deducted all of Lessor’s, any Holder’s, the Agent’s and any Lender’s reasonable expenses in connection therewith, including without limitation repossession costs,
brokerage or sales commissions, fees and expenses for counsel and any necessary repair or alteration costs and expenses incurred in preparation for such reletting. To the extent Lessor receives any damages pursuant to this Section 17.4, such amounts
shall be regarded as amounts paid on account of Rent. Lessee specifically acknowledges and agrees that its obligations under this Section 17.4 shall be absolute and unconditional under any and all circumstances and shall be paid and/or performed, as
the case may be, without notice or demand and without any abatement, reduction, diminution, setoff, defense, counterclaim or recoupment whatsoever. 
  

 27 

	 	17.5	Power of Sale. 

  
 Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b)
hereof and each Lease Supplement, a Lien against the Properties WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law,
after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties. 
  

	 	17.6	Final Liquidated Damages. 

  
 If a Lease Event of Default shall have occurred and be continuing, whether or not this Lease shall have been terminated pursuant to
Section 17.1 and whether or not Lessor shall have collected any current liquidated damages pursuant to Section 17.4, Lessor shall have the right to recover, by demand to Lessee and at Lessor’s election, and Lessee shall pay to Lessor, as and
for final liquidated damages, but exclusive of the indemnities payable under Section 11 of the Participation Agreement (which, if requested, shall be paid concurrently), and in lieu of all current liquidated damages beyond the date of such demand
(it being agreed that it would be impossible accurately to determine actual damages) the Termination Value. Upon payment of the amount specified pursuant to the first sentence of this Section 17.6, Lessee shall be entitled to receive from Lessor,
either at Lessee’s request or upon Lessor’s election, in either case at Lessee’s cost, an assignment of Lessor’s entire right, title and interest in and to the Properties, Improvements, Fixtures, Modifications, Equipment and all
components thereof, in each case in recordable form and otherwise in conformity with local custom and free and clear of the Lien of this Lease (including without limitation the release of any memoranda of Lease and/or the Lease Supplement recorded
in connection therewith) and any Lessor Liens. The Properties shall be conveyed to Lessee “AS-IS, WHERE-IS” and in their then present physical condition. If any statute or rule of law shall limit the amount of such final liquidated damages
to less than the amount agreed upon, Lessor shall be entitled to the maximum amount allowable under such statute or rule of law; provided, however, Lessee shall not be entitled to receive an assignment of Lessor’s interest in the
Properties, the Improvements, Fixtures, Modifications, Equipment or the components thereof unless Lessee shall have paid in full the Termination Value. Lessee specifically acknowledges and agrees that its obligations under this Section 17.6 shall be
absolute and unconditional under any and all circumstances and shall be paid and/or performed, as the case may be, without notice or demand and without any abatement, reduction, diminution, setoff, defense, counterclaim or recoupment whatsoever.

  

	 	17.7	Environmental Costs. 

  
 If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall pay directly to any third party (or at Lessor’s election, reimburse Lessor) for the cost of any environmental testing and/or remediation work undertaken respecting any Property, as such testing or work is deemed
appropriate in the reasonable judgment of Lessor, and shall indemnify and hold harmless Lessor and each other Indemnified Person therefrom. Lessee shall pay all amounts referenced in the immediately preceding sentence within ten (10) days of any
request by Lessor for such 

  

 28 

 
payment. The provisions of this Section 17.7 shall not limit the obligations of Lessee under any Operative Agreement regarding indemnification obligations,
environmental testing, remediation and/or work. 
  

	 	17.8	Waiver of Certain Rights. 

  
 If this Lease shall be terminated pursuant to Section 17.1, Lessee waives, to the fullest extent permitted by Law, (a) any notice of
re-entry or the institution of legal proceedings to obtain re-entry or possession; (b) any right of redemption, re-entry or possession; (c) the benefit of any laws now or hereafter in force exempting property from liability for rent or for debt; and
(d) any other rights which might otherwise limit or modify any of Lessor’s rights or remedies under this Article XVII. 
  

	 	17.9	Assignment of Rights Under Contracts. 

  
 If a Lease Event of Default shall have occurred and be continuing, and whether or not this Lease shall have been terminated pursuant to
Section 17.1, Lessee shall upon Lessor’s demand immediately assign, transfer and set over to Lessor all of Lessee’s right, title and interest in and to each agreement executed by Lessee in connection with the acquisition, installation,
testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Properties (including without limitation all right, title and interest of Lessee with respect to all warranty, performance, service and
indemnity provisions), as and to the extent that the same relate to the acquisition, installation, testing, use, development, construction, operation, maintenance, repair, refurbishment and restoration of the Properties or any of them. 

 

	 	17.10  	Remedies Cumulative. 

  
 The remedies herein provided shall be cumulative and in addition to (and not in limitation of) any other remedies available at law, equity
or otherwise, including without limitation any mortgage foreclosure remedies. 
  

	 	17.11  	Limitation Regarding Certain Lease Events of Default. 

  
 Notwithstanding anything contained herein or in any other Operative Agreement to the contrary, upon the occurrence and during the
continuance of a Lease Event of Default attributable solely to Sections 17.1(o) or (t) or any other Lease Event of Default that occurs as a direct result of the occurrence of a Material Adverse Effect pursuant to subsections (a), (b) or (e) of the
definition of Material Adverse Effect, the maximum aggregate amount that the Lessor, or any Person acting by or through the Lessor, including without limitation the Agent, the Lenders and the Holders, shall be entitled to recover from the Credit
Parties on account of such Lease Event of Default attributable solely to Sections 17.1(o) or (t) shall be an amount equal to 89.9% of the aggregate Property Cost for all Properties, provided, this Section 17.11 shall not in any way limit any
Full Recourse Event of Default or any indemnity payment to any Indemnified Person, including without limitation, the indemnities set forth in Sections 11.1 through 11.7 of the Participation Agreement and such indemnity payment shall not be included
in the calculation set forth above. The Lessee nonetheless acknowledges and agrees that even though the 

  

 29 

 
maximum aggregate recovery from the Credit Parties is limited as aforesaid, the Lessor’s right of recovery from the Properties (as opposed to any
recovery from the Credit Parties) is not so limited and the Lessor shall be entitled to recover 100% of the amounts owed to the Lessor in accordance with the Operative Agreements from its interest in the Properties. 
  
 ARTICLE XVIII 
  

	 	18.1	Lessor’s Right to Cure Lessee’s Lease Defaults. 

  
 Lessor, without waiving or releasing any obligation or Lease Event of Default, may (but shall be under no obligation to) remedy any Lease
Event of Default for the account and at the sole cost and expense of Lessee, including without limitation the failure by Lessee to maintain the insurance required by Article XIV, and may, to the fullest extent permitted by law, and notwithstanding
any right of quiet enjoyment in favor of Lessee, enter upon any Property, and take all such action thereon as may be necessary or appropriate therefor. No such entry shall be deemed an eviction of any lessee. All out-of-pocket costs and expenses so
incurred (including without limitation fees and expenses of counsel), together with interest thereon at the Overdue Rate from the date on which such sums or expenses are paid by Lessor, shall be paid by Lessee to Lessor on demand. 
  
 ARTICLE XIX 
  

	 	19.1	Provisions Relating to Lessee’s Exercise of its Purchase Option. 

  
 Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property
pursuant to the terms of Section 16.2, or in connection with Lessee’s exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to any Property, and upon tender by Lessee of the amounts set forth in
Sections 16.2(b) or 20.2, as applicable, Lessor shall execute and deliver to Lessee (or to Lessee’s designee) at Lessee’s cost and expense an assignment (by deed or other appropriate instrument) of Lessor’s entire interest in such
Property, in each case in recordable form and otherwise in conformity with local custom and free and clear of any Lessor Liens attributable to Lessor but without any other warranties (of title or otherwise) from Lessor. Such Property shall be
conveyed to Lessee “AS-IS, WHERE-IS” and in then present physical condition. 
  

	 	19.2	No Purchase or Termination With Respect to Less than All of a Property. 

  
 Lessee shall not be entitled to exercise its Purchase Option or the Sale Option separately with respect to a
portion of any Property consisting of Land, Equipment, Improvements and/or any interest pursuant to a Ground Lease but shall be required to exercise its Purchase Option or the Sale Option with respect to an entire Property. 
  

 30 

 ARTICLE XX 
  

	 	20.1	Purchase Option or Sale Option-General Provisions. 

  
 The provisions of this Section 20.1 regarding the Sale Option are subject to the provisions of Section 22.6. Not less than one hundred
eighty (180) days and no more than two hundred forty (240) days prior to the Expiration Date (as such may have been extended beyond the seventh annual anniversary of the Initial Closing Date pursuant to Section 2.2) or, respecting the Purchase
Option only not less than sixty (60) days prior to the applicable Payment Date (such Expiration Date or, respecting the Purchase Option only, any such Payment Date being hereinafter referred to as the “Election Date”). Lessee may
give Lessor irrevocable written notice (the “Election Notice”) that Lessee is electing to exercise either (a) the option to purchase all, but not less than all, the Properties on the applicable Election Date (the “Purchase
Option”) or (b) with respect to an Election Notice given in connection with the Expiration Date only, the option to remarket all, but not less than all, the Properties to a Person other than Lessee or any Affiliate of Lessee and cause a
sale of such Properties to occur on the applicable Election Date (subject to Section 22.6) pursuant to the terms of Section 22.1 (the “Sale Option”). If Lessee does not give an Election Notice indicating the Purchase Option or the
Sale Option at least one hundred eighty (180) days and not more than two hundred forty (240) days prior to the Expiration Date, then Lessee shall be deemed to have elected for the Purchase Option to apply on the Expiration Date. 
  

	 	20.2	Lessee Purchase Option. 

  
 Provided, no Default or Event of Default shall have occurred and be continuing (other than those that will be cured by the payment
of the Termination Value for all the Properties) and provided, that the Election Notice has been appropriately given specifying the Purchase Option, Lessee shall purchase all the Properties on the applicable Election Date at a price equal to
the Termination Value for such Properties (which the parties do not intend to be a “bargain” purchase price). 
  
 Subject to Section 19.2, in connection with any termination of this Lease with respect to any Property pursuant to the terms of Section
16.2, or in connection with Lessee’s exercise of its Purchase Option, upon the date on which this Lease is to terminate with respect to a Property or all of the Properties, and upon tender by Lessee of the amounts set forth in Section 16.2(b)
or this Section 20.2, as applicable, Lessor shall execute, acknowledge (where required) and deliver to Lessee, at Lessee’s cost and expense, each of the following: (a) a termination or assignment (as requested by the Lessee) of each applicable
Ground Lease and special or limited warranty Deeds conveying each Property (to the extent it is real property not subject to a Ground Lease) to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens;
(b) a Bill of Sale conveying each Property (to the extent it is personal property) to Lessee free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens; (c) any real estate tax affidavit or other document
required by law to be executed and filed in order to record the applicable Deed and/or the applicable Ground Lease termination; and (d) FIRPTA affidavits. All of the foregoing documentation must be in 

  

 31 

 
form and substance reasonably satisfactory to Lessor. The applicable Property shall be conveyed to Lessee “AS-IS, WHERE-IS” and in then present
physical condition. 
  
 If any Property is the
subject of remediation efforts respecting Hazardous Substances at the applicable Election Date which could materially and adversely impact the Fair Market Sales Value of such Property (with materiality determined in Lessor’s discretion), then
Lessee shall be obligated to purchase each such Property pursuant to Section 20.2. 
  
 On the applicable Election Date on which Lessee has elected to exercise its Purchase Option, Lessee shall pay (or cause to be paid) to
Lessor, the Agent and all other parties, as appropriate, the sum of all costs and expenses incurred by any such party in connection with the election by Lessee to exercise its Purchase Option and all Rent and all other amounts then due and payable
or accrued under this Lease and/or any other Operative Agreement. 
  

	 	20.3	Third Party Sale Option. 

  
 (a) Provided, that (i) no Default or Event of Default shall have occurred and be continuing and (ii) the Election Notice has been
appropriately given specifying the Sale Option, Lessee shall undertake to cause a sale of the Properties on the applicable Election Date (all as specified in the Election Notice), in accordance with the provisions of Section 22.1 hereof. 

 
 (b) In the event Lessee exercises the Sale Option then,
as soon as practicable and in all events not less than sixty (60) days and not more than one hundred eighty (180) days prior to the Sale Date, Lessee at its expense shall cause to be delivered to Lessor a Phase I environmental site assessment for
each of the Properties recently prepared (no more than thirty (30) days old prior to the date of delivery) by an independent recognized professional reasonably acceptable to Lessor and in form, scope and content reasonably satisfactory to Lessor. In
the event that Lessor shall not have received such environmental site assessment by the date sixty (60) days prior to the Sale Date or in the event that such environmental assessment shall reveal the existence of any material violation of
Environmental Laws, other material Environmental Violation or potential material Environmental Violation (with materiality determined in each case by Lessor in its reasonable discretion), then Lessee on the Sale Date shall pay to Lessor an amount
equal to the Termination Value for all the Properties and any and all other amounts due and owing hereunder. Upon receipt of such payment and all other amounts due under the Operative Agreements, Lessor shall transfer to Lessee all of Lessor’s
right, title and interest in and to all the Properties in accordance with Section 19.1. 
  
 ARTICLE XXI 
  

	 	21.1	[Intentionally Omitted]. 

  

 32 

 ARTICLE XXII 
  

	 	22.1	Sale Procedure. 

  
 (a) The provisions of this Section 22.1 are subject to the provisions of Section 22.6. During the Marketing Period, Lessee, on behalf of
Lessor, shall obtain bids for the cash purchase of all the Properties in connection with a sale to one (1) or more third party purchasers to be consummated on the Sale Date for the highest price available, shall notify Lessor promptly of the name
and address of each prospective purchaser and the cash price which each prospective purchaser shall have offered to pay for each such Property and shall provide Lessor with such additional information about the bids and the bid solicitation
procedure as Lessor may reasonably request from time to time. All such prospective purchasers must be Persons other than Lessee or any Affiliate of Lessee. On the Sale Date, Lessee shall pay (or cause to be paid) to Lessor and all other parties, as
appropriate, the sum of all costs and expenses incurred by Lessor and/or the Agent (as the case may be) in connection with such sale of one or more Properties, all Rent and all other amounts then due and payable or accrued under this Lease and/or
any other Operative Agreement. 
  
 Lessor may
reject any and all bids and may solicit and obtain bids by giving Lessee written notice to that effect. Lessor may elect to retain one or more of the Properties by giving Lessee prior written notice of Lessor’s election to retain the same, and
promptly upon receipt of such notice, Lessee shall surrender, or cause to be surrendered, each of the Properties specified in such notice in accordance with the terms and conditions of Section 10.1. Upon acceptance of any bid, Lessor agrees, at
Lessee’s request and expense, to execute a contract of sale with respect to such sale, so long as the same is consistent with the terms of this Article 22 and provides by its terms that it is nonrecourse to Lessor. 
  
 Unless Lessor shall have elected to retain one or more of
the Properties pursuant to the provisions of the preceding paragraph, Lessee shall arrange for Lessor to sell all the Properties free and clear of the Lien of this Lease and any Lessor Liens attributable to Lessor, without recourse or warranty (of
title or otherwise), for cash on the Sale Date to the purchaser or purchasers offering the highest cash sales price, as identified by Lessee or Lessor, as the case may be. To effect such transfer and assignment, Lessor shall execute, acknowledge
(where required) and deliver to the appropriate purchaser each of the following: (a) special or limited warranty Deeds conveying each such Property (to the extent it is real property titled to Lessor) and an assignment of the Ground Lease conveying
the leasehold interest of Lessor in each such Property (to the extent it is real property and subject to a Ground Lease) to the appropriate purchaser free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens;
(b) a Bill of Sale conveying each such Property (to the extent it is personal property) titled to Lessor to the appropriate purchaser free and clear of the Lien of this Lease, the Lien of the Credit Documents and any Lessor Liens; (c) any real
estate tax affidavit or other document required by law to be executed and filed in order to record each Deed and/or each Ground Lease assignment; and (d) FIRPTA affidavits, as appropriate. All of the foregoing 

  

 33 

 
documentation must be in form and substance reasonably satisfactory to Lessor. Lessee shall surrender the Properties so sold or subject to such documents to
each purchaser in the condition specified in Section 10.1, or in such other condition as may be agreed between Lessee and such purchaser. Lessee shall not take or fail to take any action which would have the effect of unreasonably discouraging bona
fide third party bids for any Property. If any Property (i) is not sold on the Sale Date in accordance with the terms of this Section 22.1, or (ii) is retained by Lessor pursuant to an affirmative election made by Lessor pursuant to the second
sentence of the second paragraph of this Section 22.1 (a), then (x) Lessee shall be obligated to pay Lessor on the Sale Date an amount equal to the Maximum Residual Guarantee Amount and (y) Lessor shall retain each applicable Property for subsequent
marketing in accordance with the provisions of Section 22.6. 
  
 (b) If the Properties are sold on a Sale Date to one (1) or more third party purchasers in accordance with the terms of Section 22.1(a), Lessee hereby unconditionally promises to pay to Lessor on the Sale Date all
Rent and all other amounts then due and owing pursuant to the Operative Agreements. If the aggregate purchase price paid for all the Properties is less than the sum of the aggregate Property Cost for all the Properties (hereinafter such difference
shall be referred to as the “Deficiency Balance”), then Lessee hereby unconditionally promises to pay to Lessor on the Sale Date the lesser of (i) the Deficiency Balance, or (ii) the Maximum Residual Guarantee Amount for all the
Properties. On a Sale Date if (x) Lessor receives the aggregate Termination Value for all the Properties from one (1) or more third party purchasers, (y) Lessor and such other parties receive all other amounts specified in the last sentence of the
first paragraph of Section 22. l(a) and (z) the aggregate purchase price paid for all the Properties on such date exceeds the sum of the aggregate Property Cost for all the Properties, then Lessee may retain such excess. If one or more of the
Properties are retained by Lessor pursuant to an affirmative election made by Lessor pursuant to the provisions of Section 22.1(a), then Lessee hereby unconditionally promises to pay to Lessor on the Sale Date all Rent and all other amounts then due
and owing pursuant to the Operative Agreements and an amount equal to the Maximum Residual Guarantee Amount for the Properties so retained. Any payment of the foregoing amounts described in this Section 22. l(b) shall be made together with a payment
of all other amounts referenced in the last sentence of the first paragraph of Section 22.1(a). 
  
 (c) In the event that all the Properties are either sold to one (1) or more third party purchasers on the Sale Date or retained by Lessor
in connection with an affirmative election made by Lessor pursuant to the provisions of Section 22.1 (a), then in either case on the applicable Sale Date Lessee shall provide Lessor or such third party purchaser (unless otherwise agreed by such
third party purchaser) with (i) all permits, certificates of occupancy, governmental licenses and authorizations necessary to use, operate, repair, access and maintain each such Property for the purpose it is being used by Lessee, and (ii) such
manuals, permits, easements, licenses, intellectual property, know-how, rights- of-way and other rights and privileges in the nature of an easement as are reasonably necessary or desirable in connection with the use, operation, repair, access to or
maintenance of each such Property for its intended purpose or otherwise as Lessor or such third party purchaser(s) shall reasonably request (and a royalty-free license or 

  

 34 

 
similar agreement to effectuate the foregoing on terms reasonably agreeable to Lessor or such third party purchaser(s), as applicable). All assignments,
licenses, easements, agreements and other deliveries required by clauses (i) and (ii) of this paragraph (c) shall be in form reasonably satisfactory to Lessor or such third party purchaser(s), as applicable, and to the extent lawfully assignable
shall be fully assignable (including without limitation both primary assignments and assignments given in the nature of security) without payment of any fee, cost or other charge. Lessee shall also execute any documentation requested by Lessor or
such third party purchaser(s), as applicable, evidencing the continuation or assignment of each Ground Lease. 
  

	 	22.2	Application of Proceeds of Sale. 

  
 Lessor shall transfer to the Agent the proceeds of sale of any Property for application and distribution in accordance with Section 8.7 of
the Participation Agreement. 
  

	 	22.3	Indemnity for Excessive Wear. 

  
 If the sum of (a) the proceeds of the sale described in Section 22.1 with respect to the Properties, if any, plus (b) the amount
previously paid by the Lessee with respect to the Maximum Residual Guarantee Amount (less any portion of the Maximum Residual Guarantee Amount repaid to the Lessee pursuant to the Operative Agreements, including without limitation Section
8.7(b)(viii) of the Participation Agreement) shall be less than the Termination Value with respect to the Properties, and on the Expiration Date it shall have been reasonably determined (pursuant to the Appraisal Procedure) that the Fair Market
Sales Value of the Properties shall have been impaired by greater than expected wear and tear during the term of the Lease, Lessee shall pay to Lessor within ten (10) days after receipt of Lessor’s written statement the amount of such excess
wear and tear determined by the Appraisal Procedure. 
  

	 	22.4	Appraisal Procedure. 

  
 For determining the Fair Market Sales Value of the Properties or any other amount which may, pursuant to any provision of any Operative
Agreement, be determined by an appraisal procedure, Lessor and Lessee shall use the following procedure (the “Appraisal Procedure”). Lessor and Lessee shall endeavor to reach a mutual agreement as to such amount for a period
of ten (10) days from commencement of the Appraisal Procedure under the applicable section of the Lease, and if they cannot agree within ten (10) days, then two (2) qualified appraisers, one (1) chosen by Lessee and one (1) chosen by Lessor, shall
mutually agree thereupon, but if either party shall fail to choose an appraiser within twenty (20) days after notice from the other party of the selection of its appraiser, then the appraisal by such appointed appraiser shall be binding on Lessee
and Lessor. If the two (2) appraisers cannot agree within twenty (20) days after both shall have been appointed, then a third appraiser shall be selected by the two (2) appraisers or, failing agreement as to such third appraiser within thirty (30)
days after both shall have been appointed, by the American Arbitration Association. The decisions of the three (3) appraisers shall be given within twenty (20) days of the appointment of the third appraiser and the decision of the appraiser most
different from the average of the other two (2) shall be discarded and such average shall be binding on Lessor and Lessee; provided, that if the 

  

 35 

 
highest appraisal and the lowest appraisal are equidistant from the third appraisal, the third appraisal shall be binding on Lessor and Lessee. The fees and
expenses of the appraiser appointed by Lessee shall be paid by Lessee; the fees and expenses of the appraiser appointed by Lessor shall be paid by Lessor (such fees and expenses not being indemnified pursuant to Section 11 of the Participation
Agreement); and the fees and expenses of the third appraiser shall be divided equally between Lessee and Lessor. 
  

	 	22.5	Certain Obligations Continue. 

  
 During the Marketing Period, the obligation of Lessee to pay Rent with respect to the Properties (including without limitation the
installment of Basic Rent due on the Sale Date) shall continue undiminished until payment in full to Lessor of the sale proceeds, if any, the Maximum Residual Guarantee Amount, the amount due under Section 22.3, if any, and all other amounts due to
Lessor or any other Person with respect to all Properties or any Operative Agreement. Lessor shall have the right, but shall be under no duty, to solicit bids, to inquire into the efforts of Lessee to obtain bids or otherwise to take action in
connection with any such sale, other than as expressly provided in this Article XXII. 
  

	 	22.6	Extended Remarketing Period. 

  
 To the extent Lessee has properly elected the Sale Option and not caused each of the Properties to be sold to a third party purchaser by
the Expiration Date in accordance with the provisions of Sections 20.1, 20.3 and 22.1 through 22.5, then on the Expiration Date Lessee shall pay to Lessor the Maximum Residual Guarantee Amount and all Rent and all other amounts then due and owing
pursuant to the Operative Agreements. For a period not to exceed one (1) year beginning on the Expiration Date (the “Extended Remarketing Period”). Lessor shall have a right to market and offer for sale its right, title and interest
in the Properties to third party purchasers and during such time, Lessor shall have exclusive control of the bid process. During the Extended Remarketing Period, Lessee shall have vacated the Properties and relinquished all of its right, title and
interest therein, but Lessee shall continue to be responsible for the satisfaction of all matters described in (and compliance with) Section 3.3. 
  
 To the extent Lessor sells one or more of the Properties to a third party purchaser during the Extended Remarketing Period, Lessor shall
deliver the documentation specified in the third paragraph of Section 22.1 (a) and the sales proceeds paid by such third party purchaser for each such Property shall be paid to the Agent (on behalf of Lessor) for allocation and distribution in
accordance with Section 8.7(b)(iii) of the Participation Agreement. If with respect to any of the Properties so sold, Advances were used to pay for Excluded Costs while any such Property was a Construction Period Property, then Section 8.7(b)(viii)
shall apply. 
  
 To the extent Lessor does not
sell any particular Property during the Extended Remarketing Period, then the Fair Market Sales Value of each such Property as of the Expiration Date shall be determined pursuant to the Appraisal Procedure. Lessor shall cause the Lenders and the
Holders to contribute ratably (based on such Lender’s or such Holder’s proportion of the aggregate Loans or aggregate Holder Advances, respectively), but not jointly and severally, to the Agent (on behalf of Lessor) an aggregate amount
equal to the portion of such appraised value 

  

 36 

 
of each such Property (as determined pursuant to the Appraisal Procedure) which would be payable to Lessee pursuant to Section 8.7(b)(viii) of the
Participation Agreement if such Property had been sold for such appraised value on the Expiration Date. 
  
 ARTICLE XXIII 
  

	 	23.1	Holding Over. 

  
 If Lessee shall for any reason remain in possession of a Property after the expiration or earlier termination of this Lease as to such
Property (unless such Property is conveyed to Lessee), such possession shall be as a tenancy at sufferance during which time Lessee shall continue to pay Supplemental Rent that would be payable by Lessee hereunder were the Lease then in full force
and effect with respect to such Property and Lessee shall continue to pay Basic Rent at the lesser of the highest lawful rate and one hundred ten percent (110%) of the last payment of Basic Rent due with respect to such Property prior to such
expiration or earlier termination of this Lease. Such Basic Rent shall be payable from time to time upon demand by Lessor and such additional amount of Basic Rent shall be applied by Lessor ratably to the Lenders and the Holders based on their
relative amounts of the then outstanding aggregate Property Cost for all Properties. During any period of tenancy at sufferance, Lessee shall, subject to the second preceding sentence, be obligated to perform and observe all of the terms, covenants
and conditions of this Lease, but shall have no rights hereunder other than the right, to the extent given by law to tenants at sufferance, to continue their occupancy and use of such Property. Nothing contained in this Article XXIII shall
constitute the consent, express or implied, of Lessor to the holding over of Lessee after the expiration or earlier termination of this Lease as to any Property (unless such Property is conveyed to Lessee) and nothing contained herein shall be read
or construed as preventing Lessor from maintaining a suit for possession of such Property or exercising any other remedy available to Lessor at law or in equity. 
  
 ARTICLE XXIV 
  

	 	24.1	Risk of Loss. 

  
 During the Term, unless Lessee shall not be in actual possession of any Property in question solely by reason of Lessor’s exercise of
its remedies of dispossession under Article XVII, the risk of loss or decrease in the enjoyment and beneficial use of such Property as a result of the damage or destruction thereof by fire, the elements, casualties, thefts, riots, wars or otherwise
is assumed by Lessee, and Lessor shall in no event be answerable or accountable therefor. 
  

 37 

 ARTICLE XXV 
  

	 	25.1	Assignment. 

  
 (a) Lessee may not assign this Lease or any of its rights or obligations hereunder or with respect to any Property in whole or in part to
any Person without the prior written consent of the Agent, the Lenders, the Holders and Lessor. 
  
 (b) No assignment by Lessee (referenced in this Section 25.1 or otherwise) or other relinquishment of possession to any Property shall in
any way discharge or diminish any of the obligations of Lessee to Lessor hereunder and Lessee shall remain directly and primarily liable under the Operative Agreements as to any rights or obligations assigned by Lessee or regarding any Property in
which rights or obligations have been assigned or otherwise transferred. 
  

	 	25.2	Subleases. 

  
 (a) Promptly, but in any event within five (5) Business Days, following the execution and delivery of any sublease permitted by this
Article XXV, Lessee shall notify Lessor of the execution of such sublease. As of the date of each Lease Supplement, Lessee shall lease the respective Property described in such Lease Supplement from Lessor, and any existing tenant respecting such
Property shall automatically be deemed to be a subtenant of Lessee and not a tenant of Lessor. 
  
 (b) Without the prior written consent of the Agent, any Lender, any Holder or Lessor and subject to the other provisions of this Section
25.2, Lessee may sublet any Property or portion thereof to any Subsidiary of the Parent or up to thirty percent (30%), in the aggregate, of the square footage of the applicable Property to any healthcare providers or businesses related to the
operations of the Property in accordance with market and industry practices and standards, provided in all cases the Lessee shall remain primarily liable with respect to the Company Obligations. Except as referenced in the immediately preceding
sentence, no other subleases shall be permitted unless consented to in writing by Lessor. All subleasing shall be done on market terms and shall in no way diminish the fair market value or useful life of any applicable Property. 
  
 (c) No sublease (referenced in this Section 25.2 or
otherwise) or other relinquishment of possession to any Property shall in any way discharge or diminish any of Lessee’s obligations to Lessor hereunder and Lessee shall remain directly and primarily liable under this Lease as to such Property,
or portion thereof, so sublet. The term of any such sublease shall not extend beyond the Term. Each sublease shall be expressly subject and subordinate to this Lease. 
  

 38 

 ARTICLE XXVI 
  

	 	26.1	No Waiver. 

  
 No failure by Lessor or Lessee to insist upon the strict performance of any term hereof or to exercise any right, power or remedy upon a
default hereunder, and no acceptance of full or partial payment of Rent during the continuance of any such default, shall constitute a waiver of any such default or of any such term. To the fullest extent permitted by law, no waiver of any default
shall affect or alter this Lease, and this Lease shall continue in full force and effect with respect to any other then existing or subsequent default. 
  
 ARTICLE XXVII 
  

	 	27.1	Acceptance of Surrender. 

  
 No surrender to Lessor of this Lease or of all or any portion of any Property or of any part of any thereof or of any interest therein
shall be valid or effective unless agreed to and accepted in writing by Lessor and no act by Lessor or the Agent or any representative or agent of Lessor or the Agent, other than a written acceptance, shall constitute an acceptance of any such
surrender. 
  

	 	27.2	No Merger of Title. 

  
 There shall be no merger of this Lease or of the leasehold estate created hereby by reason of the fact that the same Person may acquire,
own or hold, directly or indirectly, in whole or in part, (a) this Lease or the leasehold estate created hereby or any interest in this Lease or such leasehold estate, (b) any right, title or interest in any Property, (c) any Notes, or (d) a
beneficial interest in Lessor. 
  
 ARTICLE XXVIII

  

	 	28.1	Incorporation of Covenants. 

  
 Reference is made to the Parent Credit Agreement and the representations and warranties of Lessee contained in Article VI of the Parent
Credit Agreement (hereinafter referred to as the “Incorporated Representations and Warranties”) and the covenants contained in Articles VII and VIII of the Parent Credit Agreement (hereinafter referred to as the
“Incorporated Covenants”). Lessee agrees with Lessor that the Incorporated Representations and Warranties and the Incorporated Covenants (and all other relevant provisions of the Parent Credit Agreement related thereto, including
without limitation the defined terms contained in Section 1.1 thereof which are used in the Incorporated Representations and Warranties and the Incorporated Covenants, hereinafter referred to as the “Additional Incorporated Terms”)
are hereby incorporated by reference into this Lease to the same extent and with the same effect as if set forth fully herein and shall inure to the benefit of Lessor, without giving effect to any waiver, 

  

 39 

 
amendment, modification or replacement of the Parent Credit Agreement or any term or provision of the Incorporated Representations and Warranties or the
Incorporated Covenants occurring subsequent to the date of this Lease, except to the extent otherwise specifically provided in the following provisions of this paragraph. In the event a waiver is granted under the Parent Credit Agreement or an
amendment or modification is executed with respect to the Parent Credit Agreement, and such waiver, amendment and/or modification affects the Incorporated Representations and Warranties, the Incorporated Covenants or the Additional Incorporated
Terms, then such waiver, amendment or modification shall be effective with respect to the Incorporated Representations and Warranties, the Incorporated Covenants and the Additional Incorporated Terms as incorporated by reference into this Lease only
if consented to in writing by the Agent (acting upon the direction of the Majority Secured Parties). In the event of any replacement of the Parent Credit Agreement with a similar credit facility (the “New Facility”) the
representations and warranties, covenants and additional terms contained in the New Facility which correspond to the representations and warranties, covenants contained in Article VI and Articles VII and VIII, respectively, and such additional terms
(each of the foregoing contained in the Parent Credit Agreement) shall become the Incorporated Representations and Warranties, the Incorporated Covenants and the Additional Incorporated Terms only if consented to in writing by the Agent (acting upon
the direction of the Majority Secured Parties) and, if such consent is not granted or if the Parent Credit Agreement is terminated and not replaced, then the representations and warranties and covenants contained in Article VI and Articles VII and
VIII, respectively, and such additional terms (each of the foregoing contained in the Parent Credit Agreement (together with any modifications or amendments approved in accordance with this paragraph)) shall continue to be the Incorporated
Representations and Warranties, the Incorporated Covenants and the Additional Incorporated Terms hereunder. 
  
 ARTICLE XXIX 
  

	 	29.1	Notices. 

  
 All notices required or permitted to be given under this Lease shall be in writing and delivered as provided in the Participation
Agreement. 
  
 ARTICLE XXX 
  

	 	30.1	Miscellaneous. 

  
 Anything contained in this Lease to the contrary notwithstanding, all claims against and liabilities of Lessee or Lessor arising from
events commencing prior to the expiration or earlier termination of this Lease shall survive such expiration or earlier termination. If any provision of this Lease shall be held to be unenforceable in any jurisdiction, such unenforceability shall
not affect the enforceability of any other provision of this Lease and such jurisdiction or of such provision or of any other provision hereof in any other jurisdiction. 
  

 40 

	 	30.2	Amendments and Modifications. 

  
 Neither this Lease nor any Lease Supplement may be amended, waived, discharged or terminated except in accordance with the provisions of
Section 12.4 of the Participation Agreement. 
  

	 	30.3	Successors and Assigns. 

  
 All the terms and provisions of this Lease shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns. 
  

	 	30.4	Headings and Table of Contents. 

  
 The headings and table of contents in this Lease are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
  

	 	30.5	Counterparts. 

  
 This Lease may be executed in any number of counterparts, each of which shall be an original, but all of which shall together constitute
one (1) and the same instrument. 
  

	 	30.6	GOVERNING LAW. 

  
 THIS LEASE SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NORTH
CAROLINA (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICTS OF LAW), EXCEPT TO THE EXTENT THE LAWS OF THE STATE WHERE A PARTICULAR PROPERTY IS LOCATED ARE REQUIRED TO APPLY. 
  

	 	30.7	Calculation of Rent. 

  
 All calculation of Rent payable hereunder shall be computed based on the actual days elapsed over a year of three hundred sixty (360) days
or, to the extent such Rent is based on the Prime Lending Rate, the actual days elapsed over a year of three hundred sixty-five (365) (or three hundred sixty-six (366), as applicable) days. 
  

	 	30.8	Memoranda of Lease and Lease Supplements. 

  
 This Lease shall not be recorded; provided, Lessor and Lessee shall promptly record (a) a memorandum of this Lease and the
applicable Lease Supplement (in substantially the form of EXHIBIT B attached hereto) or a short form lease (in form and substance reasonably satisfactory to Lessor) regarding each Property promptly after the acquisition thereof in the local
filing office with respect thereto, in all cases at Lessee’s cost and expense, and as required under applicable law to sufficiently evidence this Lease and any such Lease Supplement in the applicable real estate filing records. 
  

 41 

	 	30.9	Allocations between the Lenders and the Holders. 

  
 Notwithstanding any other term or provision of this Lease to the contrary, the allocations of the proceeds of the Properties and any and
all other Rent and other amounts received hereunder shall be subject to the inter-creditor provisions between the Lenders and the Holders contained in the Operative Agreements (or as otherwise agreed among the Lenders and the Holders from time to
time). 
  

	 	30.10 	Limitations on Recourse. 

  
 Notwithstanding anything contained in this Lease to the contrary, except for Lessor Liens arising by, through or under the Trust Company
which shall be the responsibility of the Trust Company and Lessor Liens arising by, through or under the Lessor which shall be the responsibility of the Lessor, Lessee agrees to look solely to Lessor’s estate and interest in the Properties (and
in no circumstance to the Agent, the Lenders, the Holders or otherwise to Lessor) for the collection of any judgment requiring the payment of money by Lessor in the event of liability by Lessor, and no other property or assets of Lessor or any
shareholder, owner or partner (direct or indirect) in or of Lessor, or any director, officer, employee, beneficiary, Affiliate of any of the foregoing shall be subject to levy, execution or other enforcement procedure for the satisfaction of the
remedies of Lessee under or with respect to this Lease, the relationship of Lessor and Lessee hereunder or Lessee’s use of the Properties or any other liability of Lessor to Lessee. Nothing in this Section shall be interpreted so as to limit
the terms of Sections 6.1 or 6.2 or the provisions of Section 12.9 of the Participation Agreement. 
  

	 	30.11 	WAIVERS OF JURY TRIAL. 

  
 EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY, TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, WAIVE TRIAL BY JURY IN ANY
LEGAL ACTION OR PROCEEDING RELATING TO THIS LEASE AND FOR ANY COUNTERCLAIM THEREIN. 
  

	 	30.12 	Exercise of Lessor Rights. 

  
 Lessee hereby acknowledges and agrees that the rights and powers of Lessor under this Lease have been assigned to the Agent pursuant to
the terms of the Security Agreement and the other Operative Agreements. Lessor and Lessee hereby acknowledge and agree that (a) the Agent shall, in its discretion, direct and/or act on behalf of Lessor pursuant to the provisions of Sections 8.2(h)
and 8.6 of the Participation Agreement, (b) all notices to be given to Lessor shall be given to the Agent and (c) all notices to be given by Lessor may be given by the Agent, at its election. 
  

 42 

	 	30.13 	SUBMISSION TO JURISDICTION; VENUE; ARBITRATION. 

  
 THE PROVISIONS OF THE PARTICIPATION AGREEMENT RELATING TO SUBMISSION TO JURISDICTION, VENUE AND ARBITRATION ARE HEREBY INCORPORATED BY
REFERENCE HEREIN, MUTATIS MUTANDIS. 
  

	 	30.14 	USURY SAVINGS PROVISION. 

  
 IT IS THE INTENT OF THE PARTIES HERETO TO CONFORM TO AND CONTRACT IN STRICT COMPLIANCE WITH APPLICABLE USURY LAW FROM TIME TO TIME IN
EFFECT. TO THE EXTENT ANY RENT OR PAYMENTS HEREUNDER ARE HEREINAFTER CHARACTERIZED BY ANY COURT OF COMPETENT JURISDICTION AS THE REPAYMENT OF PRINCIPAL AND INTEREST THEREON, THIS SECTION 30.14 SHALL APPLY. ANY SUCH RENT OR PAYMENTS SO CHARACTERIZED
AS INTEREST MAY BE REFERRED TO HEREIN AS “INTEREST.” ALL AGREEMENTS AMONG THE PARTIES HERETO ARE HEREBY LIMITED BY THE PROVISIONS OF THIS PARAGRAPH WHICH SHALL OVERRIDE AND CONTROL ALL SUCH AGREEMENTS, WHETHER NOW EXISTING OR
HEREAFTER ARISING AND WHETHER WRITTEN OR ORAL. IN NO WAY, NOR IN ANY EVENT OR CONTINGENCY (INCLUDING WITHOUT LIMITATION PREPAYMENT OR ACCELERATION OF THE MATURITY OF ANY OBLIGATION), SHALL ANY INTEREST TAKEN, RESERVED, CONTRACTED FOR, CHARGED, OR
RECEIVED UNDER THIS LEASE OR OTHERWISE, EXCEED THE MAXIMUM NONUSURIOUS AMOUNT PERMISSIBLE UNDER APPLICABLE LAW. IF, FROM ANY POSSIBLE CONSTRUCTION OF ANY OF THE OPERATIVE AGREEMENTS OR ANY OTHER DOCUMENT OR AGREEMENT, INTEREST WOULD OTHERWISE BE
PAYABLE IN EXCESS OF THE MAXIMUM NONUSURIOUS AMOUNT, ANY SUCH CONSTRUCTION SHALL BE SUBJECT TO THE PROVISIONS OF THIS PARAGRAPH AND SUCH AMOUNTS UNDER SUCH DOCUMENTS OR AGREEMENTS SHALL BE AUTOMATICALLY REDUCED TO THE MAXIMUM NONUSURIOUS AMOUNT
PERMITTED UNDER APPLICABLE LAW, WITHOUT THE NECESSITY OF EXECUTION OF ANY AMENDMENT OR NEW DOCUMENT OR AGREEMENT. IF LESSOR SHALL EVER RECEIVE ANYTHING OF VALUE WHICH IS CHARACTERIZED AS INTEREST WITH RESPECT TO THE OBLIGATIONS OWED HEREUNDER OR
UNDER APPLICABLE LAW AND WHICH WOULD, APART FROM THIS PROVISION, BE IN EXCESS OF THE MAXIMUM LAWFUL AMOUNT, AN AMOUNT EQUAL TO THE AMOUNT WHICH WOULD HAVE BEEN EXCESSIVE INTEREST SHALL, WITHOUT PENALTY, BE APPLIED TO THE REDUCTION OF THE COMPONENT
OF PAYMENTS DEEMED TO BE PRINCIPAL AND NOT TO THE PAYMENT OF INTEREST, OR REFUNDED TO LESSEE OR ANY OTHER PAYOR THEREOF, IF AND TO THE EXTENT SUCH AMOUNT WHICH WOULD HAVE BEEN EXCESSIVE EXCEEDS THE COMPONENT OF PAYMENTS DEEMED TO BE PRINCIPAL. THE
RIGHT TO DEMAND PAYMENT OF ANY AMOUNTS EVIDENCED BY ANY OF THE OPERATIVE AGREEMENTS DOES NOT INCLUDE THE RIGHT TO RECEIVE ANY INTEREST WHICH HAS NOT OTHERWISE ACCRUED ON THE DATE OF SUCH DEMAND, AND LESSOR DOES NOT INTEND TO CHARGE OR RECEIVE ANY
UNEARNED INTEREST 

  

 43 

 
IN THE EVENT OF SUCH DEMAND. ALL INTEREST PAID OR AGREED TO BE PAID TO LESSOR SHALL, TO THE EXTENT PERMITTED BY APPLICABLE LAW, BE AMORTIZED, PRORATED,
ALLOCATED, AND SPREAD THROUGHOUT THE FULL STATED TERM (INCLUDING WITHOUT LIMITATION ANY RENEWAL OR EXTENSION) OF THIS LEASE SO THAT THE AMOUNT OF INTEREST ON ACCOUNT OF SUCH PAYMENTS DOES NOT EXCEED THE MAXIMUM NONUSURIOUS AMOUNT PERMITTED BY
APPLICABLE LAW. 
  

	 	30.15 	Lessor Certification. 

  
 It is Lessee’s policy not to contract with “Ineligible Persons”. An “Ineligible Person” is defined as any
individual or entity who: (a) is currently excluded, debarred or otherwise ineligible to participate in the Federal healthcare programs or in the Federal procurement or non-procurement programs; and (b) has been convicted of a criminal offense
related to the provision of healthcare items or services, but has not yet been excluded, debarred or otherwise declared ineligible. In connection therewith, Lessee is required to verify that its contractors are not listed on the General Services
Administration’s List of Parties Excluded from Federal Programs and the list of Excluded Individuals/Entities maintained by the Office of Inspector General of the Department of Health and Human Services. Lessor hereby certifies that it (a) has
not received written notice that it is currently excluded, debarred or otherwise ineligible to participate in the Federal healthcare programs or in the Federal procurement or non-procurement programs; and (b) has not been convicted of a criminal
offense related to the provision of healthcare items or services. 
  
 [signature pages follow] 
  

 44 

 IN WITNESS WHEREOF, the parties have caused this Lease to be duly executed and delivered as of the date
first above written. 
  

			
	STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, as Lessor
		
	 By:
	 	 /s/ Deborah A. Ibrahim

	 Name:
	 	 Deborah A. Ibrahim

	 Title:
	 	 Assistant Secretary

  
 [signature pages
continue] 
  

  

			
	HEALTHSOUTH MEDICAL CENTER, INC., as Lessee
		
	 By:
	 	 /s/ Malcolm E. McVay

	 Name:
	 	 Malcolm E. McVay

	 Title:
	 	 Vice President and Treasurer

  
 [signature pages
continue] 
  

  

			
	Receipt of this original counterpart of the foregoing Lease is hereby acknowledged as the date hereof
	
	FIRST UNION NATIONAL BANK, as the Agent
		
	By:	 	 /s/ Evander S. Jones, Jr.

	 Name:
	 	 Evander S. Jones, Jr.

	 Title:
	 	 Vice President

  
 [signature pages end]

  

  
 EXHIBIT A TO THE LEASE

  
 LEASE SUPPLEMENT
NO.         
  
 THIS LEASE SUPPLEMENT NO.          (this “Lease Supplement”) dated as of
                    , 200   between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national
banking association, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, as lessor (the “Lessor”), and HEALTHSOUTH MEDICAL CENTER, INC., an Alabama corporation, as lessee (the “Lessee”).

  
 WHEREAS, Lessor is the owner or will be the owner of the
Property described on Schedule 1 hereto (the “Leased Property”) and wishes to lease the same to Lessee; 
  
 NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 SECTION 1. Definitions; Rules of Usage. For purposes of this Lease Supplement, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to them in Appendix A to the
Participation Agreement, dated as of December 27, 2001, among Lessee, Lessor, not individually, except as expressly stated therein, but solely as Owner Trustee for Digital Hospital Trust 2001-1, the various banks and other lending institutions which
are parties thereto from time to time, as the Holders, the various banks and other lending institutions which are parties thereto from time to time, as the Lenders, and First Union National Bank, as the Agent for the Lenders and respecting the
Security Documents, as the Agent for the Secured Parties, as such may be amended, modified, extended, supplemented, restated and/or replaced from time to time. 
  

SECTION 2. The Properties. Attached hereto as Schedule 1 is the description of the Leased Property, with an Equipment Schedule attached
hereto as Schedule 1-A. an Improvement Schedule attached hereto as Schedule 1-B and [a legal description of the Land / a copy of the Ground Lease] attached hereto as Schedule 1-C. Effective upon the execution and delivery
of this Lease Supplement by Lessor and Lessee, the Leased Property shall be subject to the terms and provisions of the Lease. Without further action, any and all additional Equipment funded under the Operative Agreements and any and all additional
Improvements made to the Land shall be deemed to be titled to the Lessor and subject to the terms and conditions of the Lease and this Lease Supplement. 
  
 This Lease Supplement shall constitute a mortgage, deed of trust, security agreement and financing statement under the laws of the state in which the
Leased Property is situated. The maturity date of the obligations secured hereby shall be [                     ] unless extended to not later
than [                     ]. 
  

 A-1 

 For purposes of provisions of the Lease and this Lease Supplement related to the creation and enforcement
of the Lease and this Lease Supplement as a security agreement and a fixture filing, Lessee is the debtor and Lessor is the secured party. The mailing addresses of the debtor (Lessee herein) and of the secured party (Lessor herein) from which
information concerning security interests hereunder may be obtained are set forth on the signature pages hereto. A carbon, photographic or other reproduction of the Lease and this Lease Supplement or of any financing statement related to the Lease
and this Lease Supplement shall be sufficient as a financing statement for any of the purposes referenced herein. 
  
 SECTION 3. Use of Property. At all times during the Term with respect to each Property, Lessee will comply with all obligations under and (to the
extent no Event of Default exists and provided, that such exercise will not impair the value of such Property) shall be permitted to exercise all rights and remedies under, all operation and easement agreements and related or similar
agreements applicable to such Property. 
  
 SECTION 4.
Ratification; Incorporation by Reference. Except as specifically modified hereby, the terms and provisions of the Lease and the Operative Agreements are hereby ratified and confirmed and remain in full force and effect. The Lease is hereby
incorporated herein by reference as though restated herein in its entirety. 
  
 SECTION 5. Original Lease Supplement. The single executed original of this Lease Supplement marked “THIS COUNTERPART IS THE ORIGINAL EXECUTED COUNTERPART” on the signature page thereof and containing
the receipt of the Agent therefor on or following the signature page thereof shall be the original executed counterpart of this Lease Supplement (the “Original Executed Counterpart”). To the extent that this Lease Supplement
constitutes chattel paper, as such term is defined in the Uniform Commercial Code as in effect in any applicable jurisdiction, no security interest in this Lease Supplement may be created through the transfer or possession of any counterpart other
than the Original Executed Counterpart. 
  
 SECTION 6.
GOVERNING LAW. THIS LEASE SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED, INTERPRETED TO AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NORTH CAROLINA (WITHOUT GIVING EFFECT TO THE PRINCIPLES THEREOF RELATING TO CONFLICTS OF
LAW), EXCEPT TO THE EXTENT THE LAWS OF THE STATE WHERE A PARTICULAR PROPERTY IS LOCATED ARE REQUIRED TO APPLY. 
  
 SECTION 7. Mortgage; Power of Sale. Without limiting any other remedies set forth in the Lease, in the event that a court of competent jurisdiction
rules that the Lease constitutes a mortgage, deed of trust or other secured financing as is the intent of the parties, then Lessor and Lessee agree that Lessee hereby grants a Lien against the Leased Property WITH POWER OF SALE, and that, upon the
occurrence of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be
foreclosed) in all or any part of the Leased Property. 
  

 A-2 

 SECTION 8. Counterpart Execution. This Lease Supplement may be executed in any number of
counterparts and by each of the parties hereto in separate counterparts, all such counterparts together constituting but one (1) and the same instrument. 
  
 For purposes of the provisions of this Lease Supplement concerning this Lease Supplement constituting a security agreement and fixture filing, the
addresses of the debtor (Lessee herein) and the secured party (Lessor herein), from whom information may be obtained about this Lease Supplement, are as set forth on the signature pages hereto. 
  
 [The remainder of this page has been intentionally left blank.] 
  

 A-3 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Lease Supplement to be duly executed by an
officer thereunto duly authorized as of the date and year first above written. 
  

			
	STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, as Lessor
		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 

  

					
	State Street Bank and Trust Company of Connecticut, National Association
			
	 	 	 	 	 
	 	 	 	 	 
	 Attn:
	 	 	 	 

  

			
	 HEALTHSOUTH MEDICAL CENTER, INC.,
 as
Lessee

		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 

  

					
	[LESSEE ADDRESS]
			
	 	 	 	 	 
	 	 	 	 	 
	 Attn:
	 	 	 	 

  
 Receipt of this original
counterpart of the foregoing Lease Supplement is hereby acknowledged as the date hereof. 
  

			
	FIRST UNION NATIONAL BANK, as the Agent
		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 
	
	 First Union National Bank
 c/o Wachovia
Securities, Inc.
 301 South College Street, TW-6
 Charlotte,
North Carolina 28288-0166
 Attention: Gabrielle Altschuler

  

 A-4 

  
 SCHEDULE 1 
 TO LEASE SUPPLEMENT NO. ____ 
  
 (Description of the Leased Property) 
  

 A-5 

  
 SCHEDULE 1-A 
 TO LEASE SUPPLEMENT NO. ____ 
  
 (Equipment) 
  

 A-6 

  
 SCHEDULE 1-B 
 TO LEASE SUPPLEMENT NO. ____ 
  
 (Improvements) 
  

 A-7 

  
 SCHEDULE 1-C 
 TO LEASE SUPPLEMENT NO. ____ 
  
 [(Land)/ 
 (Ground Lease)]

  

 A-8 

  
 EXHIBIT B TO THE LEASE

  
 [MODIFY OR SUBSTITUTE SHORT FORM LEASE AS 
 NECESSARY FOR LOCAL LAW REQUIREMENTS] 
  
 Recordation requested by: 
  
 Moore & Van Allen, PLLC 
  
 After recordation
return to: 
  
 Moore & Van Allen, PLLC (WMA) 
 100 North Tryon Street, Floor 47 
 Charlotte, NC 28202-4003 
  
                                 Space above this line 
                                 for Recorder’s use 
  
 MEMORANDUM OF LEASE AGREEMENT 
 AND 
 LEASE SUPPLEMENT NO. ____ 
  
 THIS MEMORANDUM OF LEASE AGREEMENT AND LEASE SUPPLEMENT NO.
         (“Memorandum”), dated as of                     ,
200  , is by and between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, with an office at
[                                ] (hereinafter referred to as
“Lessor”) and HEALTHSOUTH MEDICAL CENTER, INC., an Alabama corporation, with an office at
[                            ] (hereinafter referred to as “Lessee”). 
  
 WITNESSETH: 
  
 That for value received, Lessor and Lessee do hereby covenant, promise and
agree as follows: 
  
 1. Demised Premises and Date of
Lease. Lessor has leased to Lessee, and Lessee has leased from Lessor, for the Term (as hereinafter defined), certain real property and other property located in
                        , which is described in the attached Schedule 1 (the “Property”), pursuant
to the terms of a Lease Agreement between Lessor and Lessee dated as of December 27, 2001 (as such may be amended, modified, extended, supplemented, restated and/or replaced from time to time, “Lease”) and a Lease Supplement No.
         between Lessor and Lessee dated as of                      (the “Lease
Supplement”). 
  

 B-1 

 The Lease and the Lease Supplement shall constitute a mortgage, deed of trust and security agreement and
financing statement under the laws of the state in which the Property is situated. The maturity date of the obligations secured thereby shall be                 ,
unless extended to not later than                     . 
  
 For purposes of provisions of the Lease and the Lease Supplement related to the creation and enforcement of the Lease and
the Lease Supplement as a security agreement and a fixture filing, Lessee is the debtor and Lessor is the secured party. The mailing addresses of the debtor (Lessee herein) and of the secured party (Lessor herein) from which information concerning
security interests hereunder may be obtained are as set forth on the signature pages hereof. A carbon, photographic or other reproduction of this Memorandum or of any financing statement related to the Lease and the Lease Supplement shall be
sufficient as a financing statement for any of the purposes referenced herein. 
  
 2. Term, Renewal, Extension and Purchase Option. The term of the Lease for the Property (“Term”) commenced as of
                , 200   and shall end as of
                , 200  , unless the Term is extended or earlier terminated in accordance with the provisions of the Lease. The Lease contains
provisions for renewal and extension. The tenant has a purchase option under the Lease. 
  
 3. Tax Payer Numbers. 
  
 Lessor’s tax payer number:                             . 
  
 Lessee’s tax payer number:
                            . 
  
 4. Mortgage; Power of Sale. Without limiting any other remedies set forth in the Lease, in the event
that a court of competent jurisdiction rules that the Lease constitutes a mortgage, deed of trust or other secured financing as is the intent of the parties, then Lessor and Lessee agree that Lessee has granted, pursuant to the terms of the Lease
and the Lease Supplement, a Lien against the Property WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior
notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Property. 
  

5. Effect of Memorandum. The purpose of this instrument is to give notice of the Lease and the Lease Supplement and their
respective terms, covenants and conditions to the same extent as if the Lease and the Lease Supplement were fully set forth herein. This Memorandum shall not modify in any manner the terms, conditions or intent of the Lease or the Lease Supplement
and the parties agree that this Memorandum is not intended nor shall it be used to interpret the Lease or the Lease Supplement or determine the intent of the parties under the Lease or the Lease Supplement. 
  
 [The remainder of this page has been intentionally left blank.] 
  

 B-2 

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

			
	 LESSOR:
  
 STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not individually, but solely as Owner Trustee for Digital Hospital Trust
2001-1

		
	By:	 	 

			
	 Name: 
	 	 

			
	 Title: 
	 	 

  

					
	State Street Bank and Trust Company of Connecticut, National Association
			
	 	 	 	 	 
	 	 	 	 	 
	 Attn: 
	 	 	 	 

  

			
	 LESSEE:
  
 HEALTHSOUTH MEDICAL CENTER, INC.

		
	By:	 	 

			
	 Name: 
	 	 

			
	 Title: 
	 	 

  

					
	[LESSEE ADDRESS]
			
	 	 	 	 	 
	 	 	 	 	 
	 Attn: 
	 	 	 	 

  

 B-3 

  
 SCHEDULE 1

  
 (Description of Property) 
  

 B-4 

  
 [CONFORM TO STATE LAW
REQUIREMENTS] 
  

					
	 STATE OF
                        
	  	)	  	 
	 	  	)	  	 ss:

	 COUNTY OF
                        
	  	)	  	 

  
 The foregoing
Memorandum of Lease Agreement and Lease Supplement No.          was acknowledged before me, the undersigned Notary Public, in the County of
                         this          day of
                    , by
                        , as
                         of STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking
association, not individually, but solely as Owner Trustee for Digital Hospital Trust 2001-1, on behalf of the Owner Trustee. 
  

									
	 [Notarial Seal]
	 	 	 	 
	 	 	 	 	 Notary Public

  
 My commission expires:
                         
  

					
	 STATE OF
                        
	  	)	  	 
	 	  	)	  	 ss:

	 COUNTY OF
                        
	  	)	  	 

  
 The foregoing
Memorandum of Lease Agreement and Lease Supplement No.             was acknowledged before me, the undersigned Notary Public, in the County of
                         this              day of
                    , by
                    , as
                     of HEALTHSOUTH MEDICAL CENTER, INC., an Alabama corporation, on behalf of the corporation. 
  

									
	 [Notarial Seal]
	 	 	 	 
	 	 	 	 	Notary Public

  
 My commission expires:
                         
  

 B-5

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