Document:

Exhibit 4.5A

FIRST SUPPLEMENTAL INDENTURE

(Senior Notes due 2027)

THIS FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) is dated as of April 1, 2015, among OMEGA HEALTHCARE INVESTORS, INC., a Maryland corporation (the “Issuer”), each of the entities listed on Schedule II hereto (collectively, the “New Subsidiaries”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, as trustee (the “Trustee”).

W I T N E S S E T H :

WHEREAS, the Issuer and each of its direct and indirect subsidiaries listed on Schedule I hereto (collectively, the “Subsidiary Guarantors”) have heretofore executed and delivered to the Trustee an Indenture, dated as of March 18, 2015 (the “Indenture”) providing for the issuance of the Issuer’s 4.500% Senior Notes due 2027 (the “Notes”);

WHEREAS, Section 9.01(a)(4) of the Indenture authorizes the Issuer and the Trustee, together, to amend or supplement the Indenture, without notice to or consent of any Holder of the Notes and without the execution of such amendment or supplement by existing Subsidiary Guarantors, for the purpose of adding any additional Subsidiary Guarantee by any additional Guarantor;

WHEREAS, the Issuer has created or acquired the New Subsidiaries, which are required to become Subsidiary Guarantors pursuant to Section 4.09 of the Indenture;

WHEREAS, in Section 1.01 of the Indenture, the term “Subsidiary Guarantors” is defined to include all Persons that become a Subsidiary Guarantor by the terms of the Indenture after the Closing Date; and

WHEREAS, Section 10.01 of the Indenture provides that each Subsidiary Guarantor shall be a guarantor of the Issuer’s obligations under the Notes, subject to the terms and conditions described in the Indenture.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Issuer, the New Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:

	
  

	
1.

	
CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

 

[1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
  

	
2.

	
AMENDMENT TO GUARANTEE. The New Subsidiaries hereby agree, jointly and severally with all other Subsidiary Guarantors, to guarantee the Issuer’s obligations under the Notes on the terms and subject to the conditions set forth in the Indenture, and to be bound by, and to receive the benefit of, all other applicable provisions of the Indenture as Subsidiary Guarantors. Such guarantee shall be evidenced by the New Subsidiaries’ execution of Subsidiary Guarantees, the form of which is attached as Exhibit E to the Indenture, and shall be effective as of the date hereof.

	
  

	
3.

	
NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder, member, manager or controlling person of the New Subsidiaries, as such, shall have any liability for any obligations of the Issuer or any Subsidiary Guarantor under the Notes, any Guarantees, the Indenture or this First Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes, by accepting and holding a Note, waives and releases all such liability. Such waiver and release are part of the consideration for the issuance of the Notes.

	
  

	
4.

	
NEW YORK LAW TO GOVERN. The laws of the State of New York shall govern and be used to construe this First Supplemental Indenture.

	
  

	
5.

	
COUNTERPARTS. The parties may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together shall represent the same agreement.

	
  

	
6.

	
EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

	
  

	
7.

	
THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the New Subsidiaries.

[Remainder of Page Intentionally Left Blank]

 

[1st Supplemental Indenture – 2027 Notes]

    	2

    	 

    
 

 

Exhibit 4.5A

 

IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly executed, all as of the date first above written.

	 	 	 	 	 
	 	
ISSUER:

	 	 	 	 	 
	 	
OMEGA HEALTHCARE INVESTORS, INC.,

	 	
a Maryland corporation

	 	 
	 	By:	/s/ Robert O. Stephenson 
	 	 	Robert O. Stephenson
	 	 	Chief Financial Officer and Treasurer
	 	 	 	 	 
	 	
NEW SUBSIDIARIES:

	 	 
	 	
ON BEHALF OF EACH OF THE NEW SUBSIDIARIES LISTED ON SCHEDULE II

	 	 	 	 	 
	 	By:	/s/ Robert O. Stephenson
	 	 	Robert O. Stephenson
	 	 	Chief Financial Officer and Treasurer

 

[Signatures continued on the following page]

 

[Signature Page –  1st Supplemental Indenture – 2027 Notes]

    	  

    	 

    
 

 

 

	 	 	 	 
	 	 	
U.S. BANK NATIONAL ASSOCIATION,

as Trustee

	 	 	 	 
	 	 	By:	
/s/ David Ferrell

	 	 	 	
Name: David Ferrell

	 	 	 	
Title:   Vice President

 

[Signature Page –  1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

Schedule I

SUBSIDIARY GUARANTORS

	
1.

	
11900 East Artesia Boulevard, LLC

	
2.

	
1200 Ely Street Holdings Co. LLC

	
3.

	
13922 Cerise Avenue, LLC

	
4.

	
1628 B Street, LLC

	
5.

	
2400 Parkside Drive, LLC

	
6.

	
2425 Teller Avenue, LLC

	
7.

	
245 East Wilshire Avenue, LLC

	
8.

	
3806 Clayton Road, LLC

	
9.

	
42235 County Road Holdings Co. LLC

	
10.

	
48 High Point Road, LLC

	
11.

	
523 Hayes Lane, LLC

	
12.

	
637 East Romie Lane, LLC

	
13.

	
Arizona Lessor - Infinia, LLC

	
14.

	
Bala Cynwyd Real Estate, LP

	
15.

	
Bayside Colorado Healthcare Associates, LLC

	
16.

	
Bayside Street II, LLC

	
17.

	
Bayside Street, LLC (f/k/a Bayside Street, Inc.)

	
18.

	
Canton Health Care Land, LLC (f/k/a Canton Health Care Land, Inc.)

	
19.

	
Carnegie Gardens LLC

	
20.

	
CFG 2115 Woodstock Place LLC

	
21.

	
Colonial Gardens, LLC

	
22.

	
Colorado Lessor - Conifer, LLC

	
23.

	
CSE Albany LLC

	
24.

	
CSE Amarillo LLC

	
25.

	
CSE Arden L.P.

	
26.

	
CSE Augusta LLC

	
27.

	
CSE Bedford LLC

	
28.

	
CSE Blountville LLC

	
29.

	
CSE Bolivar LLC

	
30.

	
CSE Cambridge LLC

	
31.

	
CSE Cambridge Realty LLC

	
32.

	
CSE Camden LLC

	
33.

	
CSE Canton LLC

	
34.

	
CSE Casablanca Holdings II LLC

	
35.

	
CSE Casablanca Holdings LLC

	
36.

	
CSE Cedar Rapids LLC

	
37.

	
CSE Centennial Village, LP

	
38.

	
CSE Chelmsford LLC

	
39.

	
CSE Chesterton LLC

	
40.

	
CSE Claremont LLC

	
41.

	
CSE Corpus North LLC

	
42.

	
CSE Denver Iliff LLC

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
43.

	
CSE Denver LLC

	
44.

	
CSE Douglas LLC

	
45.

	
CSE Elkton LLC

	
46.

	
CSE Elkton Realty LLC

	
47.

	
CSE Fairhaven LLC

	
48.

	
CSE Fort Wayne LLC

	
49.

	
CSE Frankston LLC

	
50.

	
CSE Georgetown LLC

	
51.

	
CSE Green Bay LLC

	
52.

	
CSE Hilliard LLC

	
53.

	
CSE Huntingdon LLC

	
54.

	
CSE Huntsville LLC

	
55.

	
CSE Indianapolis-Continental LLC

	
56.

	
CSE Indianapolis-Greenbriar LLC

	
57.

	
CSE Jacinto City LLC

	
58.

	
CSE Jefferson City LLC

	
59.

	
CSE Jeffersonville-Hillcrest Center LLC

	
60.

	
CSE Jeffersonville-Jennings House LLC

	
61.

	
CSE Kerrville LLC

	
62.

	
CSE King L.P.

	
63.

	
CSE Kingsport LLC

	
64.

	
CSE Knightdale L.P.

	
65.

	
CSE Lake City LLC

	
66.

	
CSE Lake Worth LLC

	
67.

	
CSE Lakewood LLC

	
68.

	
CSE Las Vegas LLC

	
69.

	
CSE Lawrenceburg LLC

	
70.

	
CSE Lenoir L.P.

	
71.

	
CSE Lexington Park LLC

	
72.

	
CSE Lexington Park Realty LLC

	
73.

	
CSE Ligonier LLC

	
74.

	
CSE Live Oak LLC

	
75.

	
CSE Lowell LLC

	
76.

	
CSE Marianna Holdings LLC

	
77.

	
CSE Memphis LLC

	
78.

	
CSE Mobile LLC

	
79.

	
CSE Moore LLC

	
80.

	
CSE North Carolina Holdings I LLC

	
81.

	
CSE North Carolina Holdings II LLC

	
82.

	
CSE Omro LLC

	
83.

	
CSE Orange Park LLC

	
84.

	
CSE Orlando-Pinar Terrace Manor LLC

	
85.

	
CSE Orlando-Terra Vista Rehab LLC

	
86.

	
CSE Pennsylvania Holdings, LP

	
87.

	
CSE Piggott LLC

	
88.

	
CSE Pilot Point LLC

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
89.

	
CSE Pine View LLC

	
90.

	
CSE Ponca City LLC

	
91.

	
CSE Port St. Lucie LLC

	
92.

	
CSE Richmond LLC

	
93.

	
CSE Ripley LLC

	
94.

	
CSE Ripon LLC

	
95.

	
CSE Safford LLC

	
96.

	
CSE Salina LLC

	
97.

	
CSE Seminole LLC

	
98.

	
CSE Shawnee LLC

	
99.

	
CSE Spring Branch LLC

	
100.

	
CSE Stillwater LLC

	
101.

	
CSE Taylorsville LLC

	
102.

	
CSE Texarkana LLC

	
103.

	
CSE Texas City LLC

	
104.

	
CSE The Village LLC

	
105.

	
CSE Upland LLC

	
106.

	
CSE Walnut Cove L.P.

	
107.

	
CSE West Point LLC

	
108.

	
CSE Whitehouse LLC

	
109.

	
CSE Williamsport LLC

	
110.

	
CSE Winter Haven LLC

	
111.

	
CSE Woodfin L.P.

	
112.

	
CSE Yorktown LLC

	
113.

	
Delta Investors I, LLC

	
114.

	
Delta Investors II, LLC

	
115.

	
Desert Lane LLC

	
116.

	
Dixie White House Nursing Home, LLC (f/k/a Dixie White House Nursing Home, Inc.)

	
117.

	
Dixon Health Care Center, LLC (f/k/a Dixon Health Care Center, Inc.)

	
118.

	
Encanto Senior Care, LLC

	
119.

	
Florida Lessor – Meadowview, LLC

	
120.

	
Florida Real Estate Company, LLC

	
121.

	
Georgia Lessor - Bonterra/Parkview, LLC

	
122.

	
Golden Hill Real Estate Company, LLC

	
123.

	
Greenbough, LLC

	
124.

	
Hot Springs Atrium Owner, LLC

	
125.

	
Hot Springs Cottages Owner, LLC

	
126.

	
Hot Springs Marina Owner, LLC

	
127.

	
Hutton I Land, LLC (f/k/a Hutton I Land, Inc.)

	
128.

	
Hutton II Land, LLC (f/k/a Hutton II Land, Inc.)

	
129.

	
Hutton III Land, LLC (f/k/a Hutton III Land, Inc.)

	
130.

	
Indiana Lessor – Wellington Manor, LLC

	
131.

	
LAD I Real Estate Company, LLC

	
132.

	
Leatherman 90-1, LLC (f/k/a Leatherman 90-1, Inc.)

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
133.

	
Leatherman Partnership 89-1, LLC (f/k/a Leatherman Partnership 89-1, Inc.)

	
134.

	
Leatherman Partnership 89-2, LLC (f/k/a Leatherman Partnership 89-2, Inc.)

	
135.

	
Meridian Arms Land, LLC (f/k/a Meridian Arms Land, Inc.)

	
136.

	
North Las Vegas LLC

	
137.

	
NRS Ventures, L.L.C.

	
138.

	
Ocean Springs Nursing Home, LLC (f/k/a Ocean Springs Nursing Home, Inc.)

	
139.

	
OHI (Connecticut), LLC

	
140.

	
OHI (Illinois), LLC(f/k/a OHI (Illinois), Inc.)

	
141.

	
OHI (Indiana), LLC

	
142.

	
OHI (Iowa), LLC(f/k/a OHI (Iowa), Inc.)

	
143.

	
OHI Asset (AR) Ash Flat, LLC

	
144.

	
OHI Asset (AR) Camden, LLC

	
145.

	
OHI Asset (AR) Conway, LLC

	
146.

	
OHI Asset (AR) Des Arc, LLC

	
147.

	
OHI Asset (AR) Hot Springs, LLC

	
148.

	
OHI Asset (AR) Malvern, LLC

	
149.

	
OHI Asset (AR) Mena, LLC

	
150.

	
OHI Asset (AR) Pocahontas, LLC

	
151.

	
OHI Asset (AR) Sheridan, LLC

	
152.

	
OHI Asset (AR) Walnut Ridge, LLC

	
153.

	
OHI Asset (AZ) Austin House, LLC

	
154.

	
OHI Asset (CA), LLC

	
155.

	
OHI Asset (CO), LLC

	
156.

	
OHI Asset (CT) Lender, LLC

	
157.

	
OHI Asset (FL) Lake Placid, LLC

	
158.

	
OHI Asset (FL) Lender, LLC

	
159.

	
OHI Asset (FL), LLC

	
160.

	
OHI Asset (GA) Macon, LLC

	
161.

	
OHI Asset (GA) Moultrie, LLC

	
162.

	
OHI Asset (GA) Snellville, LLC

	
163.

	
OHI Asset (ID) Holly, LLC

	
164.

	
OHI Asset (ID) Midland, LLC

	
165.

	
OHI Asset (ID), LLC

	
166.

	
OHI Asset (IL), LLC

	
167.

	
OHI Asset (IN) American Village, LLC

	
168.

	
OHI Asset (IN) Anderson, LLC

	
169.

	
OHI Asset (IN) Beech Grove, LLC

	
170.

	
OHI Asset (IN) Clarksville, LLC

	
171.

	
OHI Asset (IN) Clinton, LLC

	
172.

	
OHI Asset (IN) Connersville, LLC

	
173.

	
OHI Asset (IN) Crown Point, LLC

	
174.

	
OHI Asset (IN) Eagle Valley, LLC

	
175.

	
OHI Asset (IN) Elkhart, LLC

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
176.

	
OHI Asset (IN) Forest Creek, LLC

	
177.

	
OHI Asset (IN) Fort Wayne, LLC

	
178.

	
OHI Asset (IN) Franklin, LLC

	
179.

	
OHI Asset (IN) Greensburg, LLC

	
180.

	
OHI Asset (IN) Indianapolis, LLC

	
181.

	
OHI Asset (IN) Jasper, LLC

	
182.

	
OHI Asset (IN) Kokomo, LLC

	
183.

	
OHI Asset (IN) Lafayette, LLC

	
184.

	
OHI Asset (IN) Madison, LLC

	
185.

	
OHI Asset (IN) Monticello, LLC

	
186.

	
OHI Asset (IN) Noblesville, LLC

	
187.

	
OHI Asset (IN) Rosewalk, LLC

	
188.

	
OHI Asset (IN) Salem, LLC

	
189.

	
OHI Asset (IN) Seymour, LLC

	
190.

	
OHI Asset (IN) Spring Mill, LLC

	
191.

	
OHI Asset (IN) Terre Haute, LLC

	
192.

	
OHI Asset (IN) Wabash, LLC

	
193.

	
OHI Asset (IN) Westfield, LLC

	
194.

	
OHI Asset (IN) Zionsville, LLC

	
195.

	
OHI Asset (LA), LLC

	
196.

	
OHI Asset (MD), LLC

	
197.

	
OHI Asset (MI) Heather Hills, LLC

	
198.

	
OHI Asset (MI), LLC

	
199.

	
OHI Asset (MO), LLC

	
200.

	
OHI Asset (MS) Byhalia, LLC

	
201.

	
OHI Asset (MS) Cleveland, LLC

	
202.

	
OHI Asset (MS) Clinton, LLC

	
203.

	
OHI Asset (MS) Columbia, LLC

	
204.

	
OHI Asset (MS) Corinth, LLC

	
205.

	
OHI Asset (MS) Greenwood, LLC

	
206.

	
OHI Asset (MS) Grenada, LLC

	
207.

	
OHI Asset (MS) Holly Springs, LLC

	
208.

	
OHI Asset (MS) Indianola, LLC

	
209.

	
OHI Asset (MS) Natchez, LLC

	
210.

	
OHI Asset (MS) Picayune, LLC

	
211.

	
OHI Asset (MS) Vicksburg, LLC

	
212.

	
OHI Asset (MS) Yazoo City, LLC

	
213.

	
OHI Asset (NC) Wadesboro, LLC

	
214.

	
OHI Asset (OH) Lender, LLC

	
215.

	
OHI Asset (OH), LLC

	
216.

	
OHI Asset (OR) Portland, LLC

	
217.

	
OHI Asset (OR) Troutdale, LLC

	
218.

	
OHI Asset (PA) GP, LLC

	
219.

	
OHI Asset (PA), LP

	
220.

	
OHI Asset (PA) West Mifflin, LP

	
221.

	
OHI Asset (PA), LLC

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
222.

	
OHI Asset (SC) Aiken, LLC

	
223.

	
OHI Asset (SC) Anderson, LLC

	
224.

	
OHI Asset (SC) Easley Anne, LLC

	
225.

	
OHI Asset (SC) Easley Crestview, LLC

	
226.

	
OHI Asset (SC) Edgefield, LLC

	
227.

	
OHI Asset (SC) Greenville Griffith, LLC

	
228.

	
OHI Asset (SC) Greenville Laurens, LLC

	
229.

	
OHI Asset (SC) Greenville North, LLC

	
230.

	
OHI Asset (SC) Greenville, LLC

	
231.

	
OHI Asset (SC) Greer, LLC

	
232.

	
OHI Asset (SC) Marietta, LLC

	
233.

	
OHI Asset (SC) McCormick, LLC

	
234.

	
OHI Asset (SC) Orangeburg, LLC

	
235.

	
OHI Asset (SC) Pickens East Cedar, LLC

	
236.

	
OHI Asset (SC) Pickens Rosemond, LLC

	
237.

	
OHI Asset (SC) Piedmont, LLC

	
238.

	
OHI Asset (SC) Simpsonville SE Main, LLC

	
239.

	
OHI Asset (SC) Simpsonville West Broad, LLC

	
240.

	
OHI Asset (SC) Simpsonville West Curtis, LLC

	
241.

	
OHI Asset (TN) Bartlett, LLC

	
242.

	
OHI Asset (TN) Collierville, LLC

	
243.

	
OHI Asset (TN) Jefferson City, LLC

	
244.

	
OHI Asset (TN) Memphis, LLC

	
245.

	
OHI Asset (TN) Rogersville, LLC

	
246.

	
OHI Asset (TX) Anderson, LLC

	
247.

	
OHI Asset (TX) Bryan, LLC

	
248.

	
OHI Asset (TX) Burleson, LLC

	
249.

	
OHI Asset (TX) College Station, LLC

	
250.

	
OHI Asset (TX) Comfort, LLC

	
251.

	
OHI Asset (TX) Diboll, LLC

	
252.

	
OHI Asset (TX) Granbury, LLC

	
253.

	
OHI Asset (TX) Hondo, LLC

	
254.

	
OHI Asset (TX) Italy, LLC

	
255.

	
OHI Asset (TX) Winnsboro, LLC

	
256.

	
OHI Asset (TX), LLC

	
257.

	
OHI Asset (UT) Ogden, LLC

	
258.

	
OHI Asset (UT) Provo, LLC

	
259.

	
OHI Asset (UT) Roy, LLC

	
260.

	
OHI Asset (VA) Charlottesville, LLC

	
261.

	
OHI Asset (VA) Farmville, LLC

	
262.

	
OHI Asset (VA) Hillsville, LLC

	
263.

	
OHI Asset (VA) Rocky Mount, LLC

	
264.

	
OHI Asset (WA) Battle Ground, LLC

	
265.

	
OHI Asset (WV) Danville, LLC

	
266.

	
OHI Asset (WV) Ivydale, LLC

	
267.

	
OHI Asset CHG ALF, LLC

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
268.

	
OHI Asset CSB LLC

	
269.

	
OHI Asset CSE – E, LLC

	
270.

	
OHI Asset CSE – U, LLC

	
271.

	
OHI Asset CSE–E Subsidiary, LLC

	
272.

	
OHI Asset CSE–U Subsidiary, LLC

	
273.

	
OHI Asset HUD CFG, LLC

	
274.

	
OHI Asset HUD Delta, LLC

	
275.

	
OHI Asset HUD SF CA, LLC

	
276.

	
OHI Asset HUD SF, LLC

	
277.

	
OHI Asset HUD WO, LLC

	
278.

	
OHI Asset II (CA), LLC

	
279.

	
OHI Asset II (FL), LLC

	
280.

	
OHI Asset II (PA), LP

	
281.

	
OHI Asset III (PA), LP

	
282.

	
OHI Asset IV (PA) Silver Lake Trust

	
283.

	
OHI Asset Management, LLC

	
284.

	
OHI Asset RO PMM Services, LLC

	
285.

	
OHI Asset RO, LLC

	
286.

	
OHI Asset, LLC

	
287.

	
OHI Healthcare Properties Holdco, Inc.

	
288.

	
OHI Healthcare Properties Limited Partnership

	
289.

	
OHI Mezz Lender, LLC

	
290.

	
OHI Tennessee, LLC (f/k/a OHI Tennessee, Inc.)

	
291.

	
OHIMA, LLC (f/k/a OHIMA, Inc.)

	
292.

	
Omega TRS I, Inc.

	
293.

	
Orange Village Care Center, LLC (f/k/a Orange Village Care Center, Inc.)

	
294.

	
Panama City Nursing Center LLC

	
295.

	
Pavillion North Partners, LLC

	
296.

	
Pavillion North, LLP

	
297.

	
Pavillion Nursing Center North, LLC

	
298.

	
Pensacola Real Estate Holdings I, LLC (f/k/a Pensacola Real Estate Holdings I, Inc.)

	
299.

	
Pensacola Real Estate Holdings II, LLC (f/k/a Pensacola Real Estate Holdings II, Inc.)

	
300.

	
Pensacola Real Estate Holdings III, LLC (f/k/a Pensacola Real Estate Holdings III, Inc.)

	
301.

	
Pensacola Real Estate Holdings IV, LLC (f/k/a Pensacola Real Estate Holdings IV, Inc.)

	
302.

	
Pensacola Real Estate Holdings V, LLC (f/k/a Pensacola Real Estate Holdings V, Inc.)

	
303.

	
PV Realty–Willow Tree, LLC

	
304.

	
Skyler Boyington, LLC (f/k/a Skyler Boyington, Inc.)

	
305.

	
Skyler Florida, LLC (f/k/a Skyler Florida, Inc.)

	
306.

	
Skyler Maitland LLC

	
307.

	
Skyler Pensacola, LLC (f/k/a Skyler Pensacola, Inc.)

 

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

	
308.

	
St. Mary’s Properties, LLC (f/k/a St. Mary’s Properties, Inc.)

	
309.

	
Sterling Acquisition, LLC

	
310.

	
Suwanee, LLC

	
311.

	
Texas Lessor – Stonegate GP, LLC

	
312.

	
Texas Lessor – Stonegate, Limited, LLC

	
313.

	
Texas Lessor – Stonegate, LP

	
314.

	
The Suburban Pavilion, LLC (f/k/a The Suburban Pavilion, Inc.)

	
315.

	
Washington Lessor – Silverdale, LLC

	
316.

	
Wilcare, LLC

[Schedule I – 1st Supplemental Indenture – 2027 Notes]

 

    	  

    	 

    
 

 

Schedule II

NEW SUBSIDIARIES

	 	  	  
	 	
1.

	
446 Sycamore Road, L.L.C.

	 	
2.

	
Alamogordo Aviv, L.L.C.

	 	
3.

	
Albany Street Property, L.L.C.

	 	
4.

	
Arkansas Aviv, L.L.C.

	 	
5.

	
Arma Yates, L.L.C.

	 	
6.

	
Avery Street Property, L.L.C

	 	
7.

	
Aviv Asset Management, L.L.C.

	 	
8.

	
Aviv Financing I, L.L.C.

	 	
9.

	
Aviv Financing II, L.L.C.

	 	
10.

	
Aviv Financing III, L.L.C.

	 	
11.

	
Aviv Financing IV, L.L.C.

	 	
12.

	
Aviv Financing V, L.L.C.

	 	
13.

	
Aviv Foothills, L.L.C.

	 	
14.

	
Aviv Healthcare Capital Corporation

	 	
15.

	
Aviv Healthcare Properties Operating Partnership I, L.P.

	 	
16.

	
Aviv Liberty, L.L.C.

	 	
17.

	
Avon Ohio, L.L.C.

	 	
18.

	
Belleville Illinois, L.L.C.

	 	
19.

	
Bellingham II Associates, L.L.C.

	 	
20.

	
Bethel ALF Property, L.L.C.

	 	
21.

	
BHG Aviv, L.L.C.

	 	
22.

	
Biglerville Road, L.L.C.

	 	
23.

	
Bonham Texas, L.L.C.

	 	
24.

	
Bradenton ALF Property, L.L.C.

	 	
25.

	
Burton NH Property, L.L.C.

	 	
26.

	
California Aviv Two, L.L.C.

	 	
27.

	
California Aviv, L.L.C.

	 	
28.

	
Camas Associates, L.L.C.

	 	
29.

	
Casa/Sierra California Associates, L.L.C.

	 	
30.

	
Champaign Williamson Franklin, L.L.C.

	 	
31.

	
Chardon Ohio Property Holdings, L.L.C.

	 	
32.

	
Chardon Ohio Property, L.L.C.

	 	
33.

	
Chatham Aviv, L.L.C.

	 	
34.

	
Chippewa Valley, L.L.C.

	 	
35.

	
Clarkston Care, L.L.C.

	 	
36.

	
Clayton Associates, L.L.C.

	 	
37.

	
Colonial Madison Associates, L.L.C.

	 	
38.

	
Columbus Texas Aviv, L.L.C.

	 	
39.

	
Columbus Western Avenue, L.L.C.

	 	
40.

	
Colville Washington Property, L.L.C.

	 	
41.

	
Commerce Nursing Homes, L.L.C.

	 	
42.

	
Commerce Sterling Hart Drive, L.L.C.

 

[Schedule II – 1st Supplemental Indenture – 2027 Notes]

 

    	 

    	 

    
 

 

	 	
43.

	
Conroe Rigby Owen Road, L.L.C.

	 	
44.

	
CR Aviv, L.L.C.

	 	
45.

	
Crete Plus Five Property, L.L.C.

	 	
46.

	
Crooked River Road, L.L.C.

	 	
47.

	
Cuyahoga Falls Property, L.L.C.

	 	
48.

	
Dallas Two Property, L.L.C.

	 	
49.

	
Danbury ALF Property, L.L.C.

	 	
50.

	
Darien ALF Property, L.L.C.

	 	
51.

	
Denison Texas, L.L.C.

	 	
52.

	
East Rollins Street, L.L.C.

	 	
53.

	
Edgewood Drive Property, L.L.C.

	 	
54.

	
Effingham Associates, L.L.C.

	 	
55.

	
Elite Mattoon, L.L.C.

	 	
56.

	
Elite Yorkville, L.L.C.

	 	
57.

	
Falcon Four Property Holding, L.L.C.

	 	
58.

	
Falcon Four Property, L.L.C.

	 	
59.

	
Falfurrias Texas, L.L.C.

	 	
60.

	
Florida ALF Properties, L.L.C.

	 	
61.

	
Florida Four Properties, L.L.C.

	 	
62.

	
Fort Stockton Property, L.L.C.

	 	
63.

	
Four Fountains Aviv, L.L.C.

	 	
64.

	
Fredericksburg South Adams Street, L.L.C.

	 	
65.

	
Freewater Oregon, L.L.C.

	 	
66.

	
Fullerton California, L.L.C.

	 	
67.

	
Gardnerville Property, L.L.C.

	 	
68.

	
Germantown Property, L.L.C.

	 	
69.

	
Giltex Care, L.L.C.

	 	
70.

	
Glendale NH Property, L.L.C.

	 	
71.

	
Gonzales Texas Property, L.L.C.

	 	
72.

	
Great Bend Property, L.L.C.

	 	
73.

	
Greenville Kentucky Property, L.L.C.

	 	
74.

	
Heritage Monterey Associates, L.L.C.

	 	
75.

	
HHM Aviv, L.L.C.

	 	
76.

	
Hidden Acres Property, L.L.C.

	 	
77.

	
Highland Leasehold, L.L.C.

	 	
78.

	
Hobbs Associates, L.L.C.

	 	
79.

	
Hot Springs Aviv, L.L.C.

	 	
80.

	
Houston Texas Aviv, L.L.C.

	 	
81.

	
Hutchinson Kansas, L.L.C.

	 	
82.

	
Idaho Associates, L.L.C.

	 	
83.

	
Illinois Missouri Properties, L.L.C.

	 	
84.

	
Iowa Lincoln County Property, L.L.C.

	 	
85.

	
Jasper Springhill Street, L.L.C.

	 	
86.

	
Kansas Five Property, L.L.C.

	 	
87.

	
Karan Associates Two, L.L.C.

	 	
88.

	
Karan Associates, L.L.C.

 

[Schedule II – 1st Supplemental Indenture – 2027 Notes]

 

    	 

    	 

    
 

 

	 	
89.

	
Karissa Court Property, L.L.C.

	 	
90.

	
KB Northwest Associates, L.L.C.

	 	
91.

	
Kentucky NH Properties, L.L.C.

	 	
92.

	
Kingsville Texas, L.L.C.

	 	
93.

	
Louisville Dutchmans Property, L.L.C.

	 	
94.

	
Magnolia Drive Property, L.L.C.

	 	
95.

	
Manor Associates, L.L.C.

	 	
96.

	
Mansfield Aviv, L.L.C.

	 	
97.

	
Massachusetts Nursing Homes, L.L.C.

	 	
98.

	
McCarthy Street Property, L.L.C.

	 	
99.

	
Minnesota Associates, L.L.C.

	 	
100.

	
Mishawaka Property, L.L.C.

	 	
101.

	
Missouri Associates, L.L.C.

	 	
102.

	
Missouri Regency Associates, L.L.C.

	 	
103.

	
Montana Associates, L.L.C.

	 	
104.

	
Monterey Park Leasehold Mortgage, L.L.C.

	 	
105.

	
Mount Washington Property, L.L.C.

	 	
106.

	
Mt. Vernon Texas, L.L.C.

	 	
107.

	
Murray County, L.L.C.

	 	
108.

	
Muscatine Toledo Properties, L.L.C.

	 	
109.

	
N.M. Bloomfield Three Plus One Limited Company

	 	
110.

	
N.M. Espanola Three Plus One Limited Company

	 	
111.

	
N.M. Lordsburg Three Plus One Limited Company

	 	
112.

	
N.M. Silver City Three Plus One Limited Company

	 	
113.

	
New Hope Property, L.L.C.

	 	
114.

	
Newtown ALF Property, L.L.C.

	 	
115.

	
Nicholasville Kentucky Property, L.L.C.

	 	
116.

	
North Royalton Ohio Property, L.L.C.

	 	
117.

	
Norwalk ALF Property, L.L.C.

	 	
118.

	
Oakland Nursing Homes, L.L.C.

	 	
119.

	
October Associates, L.L.C.

	 	
120.

	
Ogden Associates, L.L.C.

	 	
121.

	
OHI Asset (FL) Lutz, LLC

	 	
122.

	
Ohio Aviv Three, L.L.C.

	 	
123.

	
Ohio Aviv Two, L.L.C.

	 	
124.

	
Ohio Aviv, L.L.C.

	 	
125.

	
Ohio Indiana Property, L.L.C.

	 	
126.

	
Ohio Pennsylvania Property, L.L.C.

	 	
127.

	
Oklahoma Two Property, L.L.C.

	 	
128.

	
Oklahoma Warr Wind, L.L.C.

	 	
129.

	
Omaha Associates, L.L.C.

	 	
130.

	
Orange ALF Property, L.L.C.

	 	
131.

	
Orange, L.L.C.

	 	
132.

	
Oregon Associates, L.L.C.

	 	
133.

	
Oso Avenue Property, L.L.C.

	 	
134.

	
Ostrom Avenue Property, L.L.C.

 

[Schedule II – 1st Supplemental Indenture – 2027 Notes]

 

    	 

    	 

    
 

 

	 	
135.

	
Peabody Associates Two, L.L.C.

	 	
136.

	
Peabody Associates, L.L.C.

	 	
137.

	
Pennington Road Property, L.L.C.

	 	
138.

	
Pocatello Idaho Property, L.L.C.

	 	
139.

	
Pomona Vista L.L.C.

	 	
140.

	
Prescott Arkansas, L.L.C.

	 	
141.

	
Raton Property Limited Company

	 	
142.

	
Ravenna Ohio Property, L.L.C.

	 	
143.

	
Red Rocks, L.L.C.

	 	
144.

	
Richland Washington, L.L.C.

	 	
145.

	
Riverside Nursing Home Associates Two, L.L.C.

	 	
146.

	
Riverside Nursing Home Associates, L.L.C.

	 	
147.

	
Rockingham Drive Property, L.L.C.

	 	
148.

	
Rose Baldwin Park Property L.L.C.

	 	
149.

	
S.C. Portfolio Property, L.L.C.

	 	
150.

	
Salem Associates, L.L.C.

	 	
151.

	
San Juan NH Property, LLC

	 	
152.

	
Sandalwood Arkansas Property, L.L.C.

	 	
153.

	
Santa Ana-Bartlett, L.L.C.

	 	
154.

	
Santa Fe Missouri Associates, L.L.C.

	 	
155.

	
Savoy/Bonham Venture, L.L.C.

	 	
156.

	
Searcy Aviv, L.L.C.

	 	
157.

	
Sedgwick Properties, L.L.C.

	 	
158.

	
Seguin Texas Property, L.L.C.

	 	
159.

	
Sierra Ponds Property, L.L.C.

	 	
160.

	
Skyview Associates, L.L.C.

	 	
161.

	
Southeast Missouri Property, L.L.C.

	 	
162.

	
Southern California Nevada, L.L.C.

	 	
163.

	
St. Joseph Missouri Property, L.L.C.

	 	
164.

	
Star City Arkansas, L.L.C.

	 	
165.

	
Stephenville Texas Property, L.L.C.

	 	
166.

	
Stevens Avenue Property, L.L.C.

	 	
167.

	
Sun-Mesa Properties, L.L.C.

	 	
168.

	
Texas Fifteen Property, L.L.C.

	 	
169.

	
Texas Four Property, L.L.C.

	 	
170.

	
Texhoma Avenue Property, L.L.C.

	 	
171.

	
Tujunga, L.L.C.

	 	
172.

	
Tulare County Property, L.L.C.

	 	
173.

	
VRB Aviv, L.L.C.

	 	
174.

	
Washington Idaho Property, L.L.C.

	 	
175.

	
Washington-Oregon Associates, L.L.C.

	 	
176.

	
Watauga Associates, L.L.C.

	 	
177.

	
Wellington Leasehold, L.L.C.

	 	
178.

	
West Pearl Street, L.L.C.

	 	
179.

	
West Yarmouth Property I, L.L.C.

	 	
180.

	
Wheeler Healthcare Associates, L.L.C.

 

[Schedule II – 1st Supplemental Indenture – 2027 Notes]

 

    	 

    	 

    
 

 

	 	
181.

	
Whitlock Street Property, L.L.C.

	 	
182.

	
Willis Texas Aviv, L.L.C.

	 	
183.

	
Yuba Aviv, L.L.C.

 

[Schedule II – 1st Supplemental Indenture – 2027 Notes]EX. 10.4

EMPLOYMENT SEPARATION AGREEMENT
THIS EMPLOYMENT SEPARATION AGREEMENT (the “Agreement”), which includes Exhibits A, B and C hereto which are incorporated herein by this reference, is entered into by and between IXIA, a California corporation (“Ixia”), and ALAN GRAHAME (“Former Employee”), and shall become effective when executed by both parties hereto (the “Effective Date”).
RECITALS
a.    Former Employee ceased to be an employee and officer of Ixia on February 16, 2015 (the “Termination Date”).
b.    Former Employee desires to receive severance benefits under Ixia’s Officer Severance Plan (As Amended and Restated effective January 1, 2009), as amended (the “Severance Plan”), which benefits are stated in the Severance Plan to be contingent upon, among other things, Former Employee’s entering into this Agreement and undertaking the obligations set forth herein.
c.    Ixia and Former Employee desire to set forth their respective rights and obligations with respect to Former Employee’s separation from Ixia and to finally and forever settle and resolve all matters concerning Former Employee’s past services to Ixia.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants and conditions set forth herein, the receipt and sufficiency of which are hereby acknowledged, Ixia and Former Employee hereby agree as follows:
		
	1.
	DEFINITIONS

As used herein, the following terms shall have the meanings set forth below:
1.1“Includes;” “Including.”  Except where followed directly by the word “only,” the terms “includes” or “including” shall mean “includes, but is not limited to,” and “including, but not limited to,” respectively.
1.2“Severance Covered Period.”  The term “Severance Covered Period” shall mean a period of time commencing upon the effective date of this Agreement and ending on the date on which the last installment of the Severance Allowance is due and payable pursuant to Section 6.2 of this Agreement.
1.3Other Capitalized Terms.  Capitalized terms (other than those specifically defined herein) shall have the same meanings ascribed to them in the Severance Plan.
		
	2.
	MUTUAL REPRESENTATIONS, WARRANTIES AND COVENANTS

Each party hereto represents, warrants and covenants (with respect to itself/himself only) to the other party hereto that, to its/his respective best knowledge and belief as of the date of each party’s respective signature below:

2.1Full Power and Authority.  It/he has full power and authority to execute, enter into and perform its/his obligations under this Agreement; this Agreement, after execution by both parties hereto, will be a legal, valid and binding obligation of such party enforceable against it/him in accordance with its terms; it/he will not act or omit to act in any way which would materially interfere with or prohibit the performance of any of its/his obligations hereunder, and no approval or consent other than as has been obtained of any other party is necessary in connection with the execution and performance of this Agreement.
2.2Effect of Agreement.  The execution, delivery and performance of this Agreement and the consummation of the transactions hereby contemplated:
i.will not interfere or conflict with, result in a breach of, constitute a default under or violation of any of the terms, provisions, covenants or conditions of any contract, agreement or understanding, whether written or oral, to which it/he is a party (including, in the case of Ixia, its bylaws and articles of incorporation each as amended to date) or to which it/he is bound;
ii.will not conflict with or violate any applicable law, rule, regulation, judgment, order or decree of any government, governmental agency or court having jurisdiction over such party; and
iii.has not heretofore been assigned, transferred or granted to another party, or purported to assign, transfer or grant to another party, any rights, obligations, claims, entitlements, matters, demands or causes of actions relating to the matters covered herein.
		
	3.
	CONFIDENTIALITY OBLIGATIONS DO NOT TERMINATE

Former Employee acknowledges that any confidentiality, proprietary rights, non-solicitation, or nondisclosure agreement(s) in favor of Ixia which he may have entered into from time to time in connection with his employment (collectively, the “Nondisclosure Agreement”) with Ixia is understood to be intended to survive, and does survive, any termination of such employment, and accordingly nothing in this Agreement shall be construed as terminating, limiting or otherwise affecting any such Nondisclosure Agreement or Former Employee’s obligations thereunder.  Without limiting the generality of the foregoing, no time period set forth in this Agreement shall be construed as shortening or limiting the term of any such Nondisclosure Agreement, which term shall continue as set forth therein.
		
	4.
	BENEFITS

4.1Health Care Insurance Continuation.  Ixia (at its expense) will continue, for a period of 18 months following the Termination Date, health care coverage for Former Employee and his family members who are “qualified beneficiaries” (as such term is defined in the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)) under Ixia’s group health plan(s) generally available during such period to employees participating in such plan(s) and at levels and with coverage no greater than those provided to such Former Employee as of the Termination Date.  Thereafter, Former Employee (at his expense) may elect coverage under a conversion health plan available under Ixia’s group health plan(s) from Ixia’s health insurance carrier if and to the extent he is entitled to do so as a matter of right under federal or state law.
4.2Other Benefit Plans.  Except as otherwise expressly provided in this Section 4 or as required by applicable law, Former Employee shall have no right to continue his participation in any Ixia benefit plan following such employee’s termination.

		
	5.
	STOCK OPTIONS AND OTHER RIGHTS

Exhibit A hereto sets forth any and all outstanding stock options, stock appreciation rights, restricted stock units, restricted stock awards, warrants and other rights to purchase capital stock or other securities of Ixia (including but not limited to stock purchase agreements, but excluding rights under the ESPP) which have been previously issued to Former Employee and which are outstanding as of the date hereof.  Except as expressly provided in the Severance Plan, nothing in this Agreement shall alter or affect any of such outstanding stock options, stock appreciation rights, restricted stock units, restricted stock awards, warrants or rights, Former Employee’s rights or responsibilities with respect thereto, including but not limited to Former Employee’s rights to exercise any of his options, stock appreciation rights, warrants or rights following the Termination Date, or Ixia’s rights with respect thereto.
		
	6.
	PAYMENTS TO FORMER EMPLOYEE

6.1Employee Compensation.  Ixia has paid, and Former Employee acknowledges and agrees that Ixia has paid, to him any and all salary and accrued but unpaid vacation and sick pay owed by Ixia to Former Employee up to and including the Termination Date other than any compensation owed to him under the Severance Plan.
6.2Severance Allowance; Additional Severance Compensation.  In consideration for the release by Former Employee set forth herein (including the release of any and all claims Former Employee has or may have under the Age Discrimination in Employment Act (“ADEA”) and Older Workers Benefit Protection Act (“OWBPA”)) and Former Employee’s performance of his obligations under this Agreement (including but not limited to Former Employee’s obligations under Section 7 hereof), Former Employee is entitled to receive, and Ixia shall pay to Former Employee, (a) a Severance Allowance in the aggregate gross amount of $526,350 payable in 12 equal monthly installments of $43,862.50 each, less all applicable withholding taxes, beginning on the date that is 31 days following the Termination Date, in accordance with the terms and conditions of the Severance Plan and (b) as additional severance compensation, the amount of $30,000.00, less all applicable withholding taxes, which amount shall be paid to Former Employee within ten calendar days following the expiration of the seven-day revocation period provided for in Section 17 of this Agreement.
		
	7.
	NON-SOLICITATION

7.1Subject and in addition to Former Employee’s existing fiduciary duties as a former officer and employee of Ixia to the extent such continues under applicable law after Former Employee’s Termination Date, provided that Ixia has not breached any of the terms of this Agreement or any other currently existing written agreements between Ixia and Former Employee, Former Employee agrees until the completion of the Severance Covered Period not to induce or attempt to induce any person that is an officer, director, employee, principal or agent of or with respect to Ixia to leave his or her employment, agency, directorship or office with Ixia.
7.2The parties acknowledge that the provisions and obligations set forth in this Section 7 are an integral part of this Agreement and that in the event Former Employee breaches any of the provisions or obligations of this Section 7 or any other term, provision or obligation of this Agreement, then Ixia, in addition to any other rights or remedy it may have at law, in equity, by statute or otherwise, shall be excused from its payment obligations to Former Employee under the Severance Plan and this Agreement.

		
	8.
	CONFIDENTIAL INFORMATION AND TRADE SECRETS

8.1Former Employee hereby recognizes, acknowledges and agrees that Ixia is the owner of proprietary rights in certain confidential sales and marketing information, programs, tactics, systems, methods, processes, compilations of technical and non-technical information, records and other business, financial, sales, marketing and other information and things of value.  To the extent that any or all of the foregoing constitute valuable trade secrets and/or confidential and/or privileged information of Ixia, Former Employee hereby further agrees as follows:
i.That, except with prior written authorization from Ixia’s CEO, for purposes related to Ixia’s best interests, he will not directly or indirectly duplicate, remove, transfer, disclose or utilize, nor knowingly allow any other person to duplicate, remove, transfer, disclose or utilize, any property, assets, trade secrets or other things of value, including, but not limited to, records, techniques, procedures, systems, methods, market research, new product plans and ideas, distribution arrangements, advertising and promotional materials, forms, patterns, lists of past, present or prospective customers, and data prepared for, stored in, processed by or obtained from, an automated information system belonging to or in the possession of Ixia which are not intended for and have not been the subject of public disclosure.  Former Employee agrees to safeguard all Ixia trade secrets in his possession or known to him at all times so that they are not exposed to, or taken by, unauthorized persons and to exercise his reasonable efforts to assure their safekeeping.  This subsection shall not apply to information that as of the date hereof is, or as of the date of such duplication, removal, transfer, disclosure or utilization (or the knowing allowing thereof) by Former Employee has (i) become generally known to the public or competitors of Ixia (other than as a result of a breach of this Agreement); (ii) been lawfully obtained by Former Employee from any third party who has lawfully obtained such information without breaching any obligation of confidentiality; or (iii) been published or generally disclosed to the public by Ixia.  Former Employee shall bear the burden of showing that any of the foregoing exclusions applies to any information or materials.
ii.That all improvements, discoveries, systems, techniques, ideas, processes, programs and other things of value made or conceived in whole or in part by Former Employee with respect to any aspects of Ixia’s current or anticipated business while an employee of Ixia are and remain the sole and exclusive property of Ixia, and Former Employee has disclosed all such things of value to Ixia and will cooperate with Ixia to insure that the ownership by Ixia of such property is protected.  All of such property of Ixia in Former Employee’s possession or control, including, but not limited to, all personal notes, documents and reproductions thereof, relating to the business and the trade secrets or confidential or privileged information of Ixia has already been, or shall be immediately, delivered to Ixia.
8.2Former Employee further acknowledges that as the result of his prior service as an officer and employee of Ixia, he has had access to, and is in possession of, information and documents protected by the attorney-client privilege and by the attorney work product doctrine.  Former Employee understands that the privilege to hold such information and documents confidential is Ixia’s, not his personally, and that he will not disclose the information or documents to any person or entity without the express prior written consent of the CEO or Board of Ixia unless he is required to do so by law.
8.3Former Employee’s obligations set forth in this Section 8 shall be in addition to, and not instead of, Former Employee’s obligations under any written Nondisclosure Agreement.

		
	9.
	ENFORCEMENT OF SECTIONS 7 AND 8

Former Employee hereby acknowledges and agrees that the services rendered by him to Ixia in the course of his prior employment were of a special and unique character, and that breach by him of any provision of the covenants set forth in Sections 7 and 8 of this Agreement will cause Ixia irreparable injury and damages.  Former Employee expressly agrees that Ixia shall be entitled, in addition to all other remedies available to it whether at law or in equity, to injunctive or other equitable relief to secure their enforcement.
The parties hereto expressly agree that the covenants contained in Sections 7 and 8 hereof are reasonable in scope, duration and otherwise; however, if any of the restraints provided in said covenants are adjudicated to be excessively broad as to geographic area or time or otherwise, said restraint shall be reduced to whatever extent is reasonable and the restraint shall be fully enforced in such modified form.  Any provisions of said covenants not so reduced shall remain in full force and effect.
		
	10.
	PROHIBITION AGAINST DISPARAGEMENT

10.1Former Employee agrees that for a period of two years following the Effective Date any communication, whether oral or written, occurring on or off the premises of Ixia, made by him or on his behalf to any person or entity (including, without limitation, any Ixia employee, customer, vendor, supplier, any competitor, any media entity and any person associated with any media) which in any way relates to Ixia (or any of its subsidiaries) or to Ixia’s or any of its subsidiaries’ directors, officers, management or employees:  (a) will be truthful; and (b) will not, directly or indirectly, criticize, disparage, or in any manner undermine the reputation or business practices of Ixia or its directors, officers, management or employees.
10.2The only exceptions to Section 10.1 shall be:  (a) truthful statements privately made to (i) the CEO of Ixia, (ii) any member of Ixia’s Board, (iii) Ixia’s auditors, (iv) inside or outside counsel of Ixia, (v) Former Employee’s counsel or (vi) Former Employee’s spouse; (b) truthful statements lawfully compelled and made under oath in connection with a court or government administrative proceeding; and (c) truthful statements made to specified persons upon and in compliance with prior written authorization from Ixia’s CEO or Board to Former Employee directing him to respond to inquiries from such specified persons.
		
	11.
	COOPERATION

Former Employee agrees that for a period of five years commencing with the Effective Date he will cooperate fully and reasonably with Ixia in connection with any future or currently pending matter, proceeding, litigation or threatened litigation:  (1) directly or indirectly involving Ixia (which, for purposes of this section, shall include Ixia and each of its current and future subsidiaries, successors or permitted assigns); or (2) directly or indirectly involving any director, officer or employee of Ixia (with regard to matters relating to such person(s) acting in such capacities with regard to Ixia business).  Such cooperation shall include making himself available upon reasonable notice at reasonable times and places for consultation and to testify truthfully (at Ixia’s expense for reasonable, pre-approved out-of-pocket travel costs plus a daily fee equal to one-twentieth of his monthly severance compensation under Section 6.2 hereof for each full or partial day during which Former Employee makes himself so available) in any action as reasonably requested by the CEO or the Board of Directors.  Former Employee further agrees to immediately notify Ixia’s CEO in writing in the event that he receives any legal process or other communication purporting to require or request him to produce testimony, documents, information or things in any manner related to Ixia, its directors, officers or employees, and that he will not produce testimony, documents, information or other things with regard to any pending or threatened lawsuit or proceeding regarding Ixia without giving Ixia prior written notice of the same and reasonable time to protect its interests with respect thereto.  Former Employee further promises that when so directed by the CEO or the Board of Directors, he will make himself available to attend any 

such legal proceeding and will truthfully respond to any questions in any manner concerning or relating to Ixia and will produce all documents and things in his possession or under his control which in any manner concern or relate to Ixia.  Former Employee covenants and agrees that he will immediately notify Ixia’s CEO in writing in the event that he breaches any of the provisions of Sections 7, 8, 10 or 11 hereof.
		
	12.
	SOLE ENTITLEMENT

Former Employee acknowledges and agrees that his sole entitlement to compensation, payments of any kind, monetary and non-monetary benefits and perquisites with respect to his prior Ixia relationship (as an officer and employee) is as set forth in the Severance Plan, this Agreement, Ixia’s bonus plans for officers as in effect from time to time, stock option and warrant agreements, COBRA, and such other written agreements and securities between Ixia and Former Employee as may exist or as may be set forth on Exhibit B hereto.
		
	13.
	RELEASE OF CLAIMS

13.1General.  Former Employee does hereby and forever release and discharge Ixia and the predecessor corporation of Ixia as well as the successors, current, prior or future shareholders of record, officers, directors, heirs, predecessors, assigns, agents, employees, attorneys, insurers and representatives of each of them, past, present or future, from any and all cause or causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, liabilities and demands of any kind or character whatsoever, whether known or unknown, suspected to exist or not suspected to exist, anticipated or not anticipated, whether or not heretofore brought before any state or federal agency, court or other governmental entity which are existing on or arising prior to the date of this Agreement and which, directly or indirectly, in whole or in part, relate or are attributable to, connected with, or incidental to the previous employment of Former Employee by Ixia, the separation of that employment, and any dealings between the parties concerning Former Employee’s employment existing prior to the date of execution of this Agreement, excepting only those obligations expressly recited herein or to be performed hereunder.  Nothing contained in this Section 13 shall affect any rights, claims or causes of action which Former Employee may have (1) with respect to his outstanding stock options, warrants or other stock subscription rights to purchase Ixia Common Stock or other securities under the terms and conditions thereof; (2) as a shareholder of Ixia; (3) to indemnification by Ixia, to the extent required under the provisions of Ixia’s Amended and Restated Articles of Incorporation, as amended, Ixia’s Bylaws, as amended, the California General Corporation Law, insurance or contracts, including without limitation the Indemnity Agreement dated as of November 12, 2007 between Ixia and Former Employee, with respect to matters relating to Former Employee’s prior service as a director, an officer, employee and agent of Ixia or its subsidiaries; (4) with respect to his eligibility for severance payments under the Severance Plan or any other written agreement listed on Exhibit B hereto; and (5) to make claims against or seek indemnification or contribution from anyone not released by the first sentence of this Section 13 with respect to any matter or anyone released by the first sentence of this Section 13 with respect to any matter not released thereby; or (6) with respect to Ixia’s performance of this Agreement.  Further, Former Employee waives specifically any and all rights or claims Former Employee has or may have under the ADEA and/or the OWBPA, and acknowledges that such waiver is given voluntarily in exchange for certain consideration included in the severance benefits being paid pursuant to this Agreement.
13.2Waiver of Unknown Claims.  Former Employee acknowledges that he is aware that he may hereafter discover claims or facts different from or in addition to those he now knows or believes to be true with respect to the matters herein released, and he agrees that this release shall be and remain in effect in all respects a complete general release as to the matters released and all claims relative thereto which may exist or may heretofore have existed, notwithstanding any such different or additional facts.  Former Employee acknowledges that he has been informed of Section 1542 of the Civil Code of the State of California, and 

does hereby expressly waive and relinquish all rights and benefits which he has or may have under said Section, which reads as follows:
“A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.”
13.3Covenant Not to Sue on Matters Released.  Former Employee covenants that he will not make, assert or maintain against any person or entity that Former Employee has released in this Agreement, any claim, demand, action, cause of action, suit or proceeding arising out of or in connection with the matters herein released, including but not limited to any claim or right under the ADEA, the OWBPA, or any other federal or state statute or regulation.  Former Employee represents and warrants that he has not assigned or transferred, purported to assign or transfer, and will not assign or transfer, any matter or claim herein released.  Former Employee represents and warrants that he knows of no other person or entity which claims an interest in the matters or claims herein released.  Former Employee agrees to, and shall at all times, indemnify and hold harmless each person and entity that Former Employee has released in this Agreement against any claim, demand, damage, debt, liability, account, action or cause of action, or cost or expense, including attorneys’ fees, resulting or arising from any breach of the representations, warranties and covenants made herein.
14.ASSIGNMENT
Former Employee represents and warrants that he has not heretofore assigned, transferred or granted or purported to assign, transfer or grant any claims, entitlement, matters, demands or causes of action herein released, disclaimed, discharged or terminated, and agrees to indemnify and hold harmless Ixia from and against any and all costs, expense, loss or liability incurred by Ixia as a consequence of any such assignment, transfer or grant.
		
	15.
	FORMER EMPLOYEE REPRESENTATIONS

Notwithstanding that this Agreement is being entered into subsequent to the Termination Date, except as listed by Former Employee on Exhibit C, from the period beginning on the Termination Date to the Effective Date, Former Employee represents and warrants that he has not acted or omitted to act in any respect which directly or indirectly would have constituted a violation of Sections 7, 8, 10 or 11 herein had this Agreement then been in effect.

		
	16.
	MISCELLANEOUS

16.1Notices.  All notices and demands referred to or required herein or pursuant hereto shall be in writing, shall specifically reference this Agreement and shall be deemed to be duly sent and given upon actual delivery to and receipt by the relevant party (which notice, in the case of Ixia, must be from an officer of Ixia) or five days after deposit in the U.S. mail by certified or registered mail, return receipt requested, with postage prepaid, addressed as follows (if, however, a party has given the other party due notice of another address for the sending of notices, then future notices shall be sent to such new address):
(a)    If to Ixia:    Ixia
26601 West Agoura Road
Calabasas, California 91302
Attn:  Chief Executive Officer
With a copy to:        Bryan Cave LLP
120 Broadway, Suite 300
Santa Monica, CA  90401
Attention:  Katherine F. Ashton, Esq.
(b)    If to Former Employee:    Alan Grahame

With a copy to:                    
                
                
                
16.2Legal Advice and Construction of Agreement.  Both Ixia and Former Employee have received (or have voluntarily and knowingly elected not to receive) independent legal advice with respect to the advisability of entering into this Agreement and with respect to all matters covered by this Agreement and neither has been entitled to rely upon or has in fact relied upon the legal or other advice of the other party or such other party’s counsel (or employees) in entering into this Agreement.
16.3Parties’ Understanding.  Ixia and Former Employee state that each has carefully read this Agreement, that it has been fully explained to it/him by its/his attorney (or that it/he has voluntarily and knowingly elected not to receive such explanation), that it/he fully understands its final and binding effect, that the only promises made to it/him to sign the Agreement are those stated herein, and that it/he is signing this Agreement voluntarily.

16.4Recitals and Section Headings.  Each term of this Agreement is contractual and not merely a recital.  All recitals are incorporated by reference into this Agreement.  Captions and section headings are used herein for convenience only, are not part of this Agreement and shall not be used in interpreting or construing it.
16.5Entire Agreement.  This Agreement constitutes a single integrated contract expressing the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions with respect to the subject matter hereof.  Notwithstanding the foregoing, the parties understand and agree that any Nondisclosure Agreement and all other written agreements between Former Employee and Ixia are separate from this Agreement and, subject to the terms and conditions of each such agreement, shall survive the execution of this Agreement, and nothing contained in this Agreement shall be construed as affecting the rights or obligations of either party set forth in such agreements.
16.6Severability.  In the event any provision of this Agreement or the application thereof to any circumstance shall be determined by arbitration pursuant to Section 16.10 of this Agreement or held by a court of competent jurisdiction to be invalid, illegal or unenforceable, or to be excessively broad as to time, duration, geographical scope, activity, subject or otherwise, it shall be construed to be limited or reduced so as to be enforceable to the maximum extent allowed by applicable law as it shall then be in force, and if such construction shall not be feasible, then such provision shall be deemed to be deleted herefrom in any action before that court, and all other provisions of this Agreement shall remain in full force and effect.
16.7Amendment and Waiver.  This Agreement and each provision hereof may be amended, modified, supplemented or waived only by a written document specifically identifying this Agreement and signed by each party hereto.  Except as expressly provided in this Agreement, no course of dealing between the parties hereto and no delay in exercising any right, power or remedy conferred hereby or now or hereafter existing at law, in equity, by statute or otherwise, shall operate as a waiver of, or otherwise prejudice, any such rights, power or remedy.
16.8Cumulative Remedies.  None of the rights, powers or remedies conferred herein shall be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to every other right, power or remedy, whether conferred herein or now or hereafter available at law, in equity, by statute or otherwise.
16.9Specific Performance.  Each party hereto may obtain specific performance to enforce its/his rights hereunder and each party acknowledges that failure to fulfill its/his obligations to the other party hereto would result in irreparable harm.
16.10Arbitration.  Except for the right of either party to apply to a court of competent jurisdiction for a Temporary Restraining Order to preserve the status quo or prevent irreparable harm, any dispute or controversy between Ixia and Former Employee under this Agreement involving its interpretation or the obligations of a party hereto shall be determined by binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association, in the County of Los Angeles, State of California.
Arbitration may be conducted by one impartial arbitrator by mutual agreement.  In the event that the parties are unable to agree on a single arbitrator within 30 days of first demand for arbitration, the arbitration shall proceed before a panel of three arbitrators, one of whom shall be selected by Ixia and one of whom shall be selected by Former Employee, and the third of whom shall be selected by the two arbitrators selected.  All arbitrators are to be selected from a panel provided by the American Arbitration Association.  The arbitrators shall have the authority to permit discovery, to the extent deemed appropriate by the arbitrators, 

upon request of a party.  The arbitrators shall have no power or authority to add to or, except as otherwise provided by Section 16.6 hereof, to detract from the agreements of the parties, and the prevailing party shall recover costs and attorneys’ fees incurred in arbitration.  The arbitrators shall have the authority to grant injunctive relief in a form substantially similar to that which would otherwise be granted by a court of law.  The arbitrators shall have no authority to award punitive or consequential damages.  The resulting arbitration award may be enforced, or injunctive relief may be sought, in any court of competent jurisdiction.  Any action arising out of or relating to this Agreement may be filed only in the Superior Court of the County of Los Angeles, California or the United States District Court for the Central District of California.
16.11California Law and Location.  This Agreement was negotiated, executed and delivered within the State of California, and the rights and obligations of the parties hereto shall be construed and enforced in accordance with and governed by the internal (and not the conflict of laws) laws of the State of California applicable to the construction and enforcement of contracts between parties resident in California which are entered into and fully performed in California.  Any action or proceeding arising out of, relating to or concerning this Agreement that is not subject to the arbitration provisions set forth in Section 16.10 above shall be filed in the state courts of the County of Los Angeles, State of California or in a United States District Court in the Central District of California and in no other location.  The parties hereby waive the right to object to such location on the basis of venue.
16.12Attorneys’ Fees.  In the event a lawsuit is instituted by either party concerning a dispute under this Agreement, the prevailing party in such lawsuit shall be entitled to recover from the losing party all reasonable attorneys’ fees, costs of suit and expenses (including the reasonable fees, costs and expenses of appeals), in addition to whatever damages or other relief the injured party is otherwise entitled to under law or equity in connection with such dispute.
16.13Force Majeure.  Neither Ixia nor Former Employee shall be deemed in default if its/his performance of obligations hereunder is delayed or become impossible or impracticable by reason of any act of God, war, fire, earthquake, strike, civil commotion, epidemic, or any other cause beyond such party’s reasonable control.
16.14Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but which together shall constitute one and the same instrument.
16.15Successors and Assigns.  Neither party may assign this Agreement or any of its rights or obligations hereunder (including, without limitation, rights and duties of performance) to any third party or entity, and this Agreement may not be involuntarily assigned or assigned by operation of law, without the prior written consent of the non-assigning party, which consent may be given or withheld by such non-assigning party in the sole exercise of its discretion, except that Ixia may assign this Agreement to a corporation acquiring: (1) 50% or more of Ixia’s capital stock in a merger or acquisition; or (2) all or substantially all of the assets of Ixia in a single transaction; and except that Former Employee may transfer or assign his rights under this Agreement voluntarily, involuntarily or by operation of law upon or as a result of his death to his heirs, estate and/or personal representative(s).  Any prohibited assignment shall be null and void, and any attempted assignment of this Agreement in violation of this section shall constitute a material breach of this Agreement and cause for its termination by and at the election of the other party hereto by notice.  This Agreement shall be binding upon and inure to the benefit of each of the parties hereto and each person or entity released pursuant to Section 12 hereof and, except as otherwise provided herein, their respective legal successors and permitted assigns.

16.16Payment Procedure.  Except as otherwise explicitly provided herein or in the Severance Plan, all payments by Ixia to Former Employee or by Former Employee to Ixia due hereunder may be by, at the paying party’s election, cash, wire transfer or check.  Except as explicitly provided herein or in the Severance Plan, neither party may reduce any payment or obligation due hereunder by any amount owed or believed owed to the other party under any other agreement, whether oral or written, now in effect or hereafter entered into.
16.17Survival.  The definitions, representations and warranties herein as well as obligations set forth in Sections 7, 8 and 10-16 hereof shall survive any termination of this Agreement for any reason whatsoever.
16.18No Admission.  Neither the entry into this Agreement nor the giving of consideration hereunder shall constitute an admission of any wrongdoing by Ixia or Former Employee.
16.19Limitation of Damages.  Except as expressly set forth herein, in any action or proceeding arising out of, relating to or concerning this Agreement, including any claim of breach of contract, liability shall be limited to compensatory damages proximately caused by the breach and neither party shall, under any circumstances, be liable to the other party for consequential, incidental, indirect or special damages, including but not limited to lost profits or income, even if such party has been apprised of the likelihood of such damages occurring.
16.20Pronouns.  As used herein, the words “he,” “him,” “his” and “himself” shall be deemed to refer to the feminine as the identity of the person referred to and the context may require.
16.21Effectiveness.  This Agreement shall become effective upon execution by the later of the parties hereto to execute this Agreement.
		
	17.
	DAY REVIEW PERIOD; RIGHT TO REVOKE

Former Employee acknowledges that he was advised in writing to consult with an attorney prior to executing this Agreement and represents and warrants to Ixia that he has done so, and further acknowledges that he has been given a period of 21 days within which to consider the terms and provisions of this Agreement with his attorney.  If Former Employee has executed and delivered to Ixia this Agreement prior to the expiration of such 21-day period, then in doing so, Former Employee acknowledges that he has unconditionally and irrevocably waived his right to that unexpired portion of such 21-day period.  In addition, Former Employee shall have the right to revoke this Agreement for a period of seven days following the date on which this Agreement is signed by providing written notification of such revocation directly to the Chief Executive Officer of Ixia (with a copy to the General Counsel of Ixia) at the address specified in Section 16.1, supra, via hand delivery.
	
		
	IXIA
	ALAN GRAHAME

	By:   /s/ Bethany Mayer
	Signature:   /s/ Alan Grahame

	Print Name: Bethany Mayer
	 

	Print Title: President and Chief Executive Officer
	 

	Date: February 25, 2015
	Date: February 26, 2015

EXHIBIT A
OUTSTANDING STOCK PURCHASE OR OTHER ACQUISITION RIGHTS
	
								
	Type of Equity Award
	Grant Date
	Number of Shares Originally Subject to Grant
	Exercise Price
(if applicable)
	Pre-Acceleration Numberof NSOs Exercisable as of 02/16/2015 (1)
	Number of NSOs/RSUs to be Accelerated (2)
	Total Shares Issuable or Exercisable after Acceleration
	Expiration Date (3)

	NSO
	02/19/2009
	35,000
	$5.00
	2,188
	0
	2,188
	05/17/2015

	NSO
	03/12/2010
	65,000
	8.88
	20,313
	0
	20,313
	05/17/2015

	NSO
	03/12/2010
	65,000
	8.88
	65,000
	0
	65,000
	05/17/2015

	NSO
	02/08/2011
	41,400
	18.09
	38,812
	2,588
	41,400
	05/17/2015

	NSO
	02/08/2011
	51,000
	18.09
	51,000
	0
	51,000
	05/17/2015

	NSO
	02/02/2012
	39,000
	12.74
	26,812
	9,750
	36,562
	05/17/2015

	Performance-Based NSO
	02/02/2012
	26,000
	12.74
	19,500
	6,500
	26,000
	05/17/2015

	NSO
	12/13/2012
	24,000
	15.47
	12,000
	6,000
	18,000
	05/17/2015

	NSO
	02/07/2013
	13,500
	20.94
	5,906
	3,375
	9,281
	05/17/2015

	RSU
	02/02/2012
	13,000
	N/A
	N/A
	3,250
	3,250
	N/A

	RSU
	02/02/2012
	8,700
	N/A
	N/A
	2,175
	2,175
	N/A

	RSU
	12/13/2012
	8,000
	N/A
	N/A
	2,000
	2,000
	N/A

	RSU
	02/07/2013
	4,500
	N/A
	N/A
	1,125
	1,125
	N/A

	PRSU (4)
	02/07/2013

	29,300
	N/A
	N/A
	—
	—
	N/A

		
	(1)
	This is the number of NSOs exercisable on the Termination Date (i.e., February 16, 2015) prior to any acceleration of vesting pursuant to Section 4(i) of the Severance Plan.

		
	(2)
	Represents NSOs and RSUs scheduled to vest after February 16, 2015 and prior to February 17, 2016 for which vesting will be accelerated on the Termination Date.

		
	(3)
	Represents the last day to exercise NSOs pursuant to the Severance Plan (i.e., 90 days after the Termination Date).

		
	(4)
	This grant represents performance-based RSUs that are not earned as of February 16, 2015.

EXHIBIT B
LIST OF OTHER AGREEMENTS (Pursuant to §§12 and 13)

EXHIBIT C
EXCEPTIONS (Pursuant to §15)

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