Document:

EX-10.11

 Exhibit 10.11 

FORM OF INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made and entered into as of this
[—] day of [—], [—], by and between The Habit Restaurants, Inc., a Delaware corporation (the
“Company” and together with its wholly-owned subsidiaries, the “Companies”), and [—] (“Indemnitee”). 

WHEREAS, in light of the litigation costs and risks to directors and executive officers resulting from their service to companies, and the
desire of the Companies to attract and retain qualified individuals to serve as directors and executive officers, it is reasonable, prudent and necessary for the Companies to indemnify and advance expenses on behalf of their respective directors and
executive officers to the extent permitted by applicable law so that they will serve or continue to serve the Companies free from undue concern regarding such risks; 

WHEREAS, the Companies have requested that Indemnitee serve or continue to serve as a director and/or executive officer of one or more of the
Companies and may have requested or may in the future request that Indemnitee serve one or more Enterprises (as hereinafter defined) as a director, executive officer or in other capacities; 

WHEREAS, Indemnitee is willing to serve as a director and/or executive officer of one or more of the Companies on the condition that he or she
be so indemnified; and 
 WHEREAS, Indemnitee may have certain rights to indemnification, advancement of expenses and/or insurance provided
by Indemnitee-Related Entities (as hereinafter defined), which Indemnitee, the Companies and the Indemnitee-Related Entities intend to be secondary to the primary obligation of the Companies to indemnify Indemnitee as provided herein, with the
Companies’ acknowledgement of and agreement to the foregoing being a material condition to Indemnitee’s willingness to serve as a director and/or executive officer of one or more of the Companies; 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Companies and Indemnitee do hereby covenant and agree
as follows: 
  

	1.	Services by Indemnitee. Indemnitee agrees to serve as a director and/or executive officer of one or more of the Companies. Indemnitee may at any time and for any reason resign from such position (subject to any
contractual obligation under any other agreement or any obligation imposed by operation of law). 

  

	2.	 Indemnification - General. On the terms and subject to the conditions of this Agreement, the Companies shall indemnify Indemnitee with respect
to, and hold Indemnitee harmless from and against, liabilities, losses, costs, Expenses (as hereinafter defined) and other matters that may result from or arise in connection with Indemnitee’s Corporate Status (as hereinafter defined) and shall
advance Expenses to Indemnitee, to the fullest extent permitted by applicable law. The indemnification obligations of the Companies under this Agreement (a) shall continue after such time as Indemnitee ceases to serve as a director or executive
officer of one or more of the Companies or in any other Corporate 

  
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Status, and (b) include, without limitation, claims for monetary damages against Indemnitee in respect of any alleged breach of fiduciary duty, to the fullest extent permitted under
applicable law (including, if applicable, Section 145 of the Delaware General Corporation Law; provided, that, to the extent the Indemnitee is not a director or officer of the Company, Section 145 of the Delaware General
Corporation Law shall be deemed to apply to the Indemnitee as if such Indemnitee is or was a director or officer of the Company for all purposes under this Agreement) as in existence on the date hereof and as amended from time to time.

  

	3.	Proceedings Other Than Proceedings by or in the Right of any of the Companies. If by reason of Indemnitee’s Corporate Status Indemnitee is, or is threatened to be made, a party to or a participant in any
Proceeding (as hereinafter defined) other than a Proceeding by or in the right of any of the Companies to procure a judgment in any of the Companies’ favor, the Companies shall indemnify Indemnitee with respect to, and hold Indemnitee harmless
from and against, all Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments,
penalties, fines and amounts paid in settlement) reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in, or not opposed to, the best interests of the Companies and, with respect to any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 

 

	4.	Proceedings by or in the Right of any of the Companies. If by reason of Indemnitee’s Corporate Status Indemnitee is, or is threatened to be made, a party to or a participant in any Proceeding by or in the
right of any of the Companies to procure a judgment in any of the Companies’ favor, the Companies shall indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses reasonably incurred by Indemnitee or on
behalf of Indemnitee in connection with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in, or not opposed to, the best interests of the Companies; provided, however, that
indemnification against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable to any of the Companies only if (and
only to the extent that) the Court of Chancery of the State of Delaware (the “Delaware Court”) or the court in which such Proceeding shall have been brought or is pending shall determine that despite such adjudication of liability
and in light of all circumstances such indemnification may be made. 

  

	5.	 Mandatory Indemnification in Case of Successful Defense. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in defense of any Proceeding (including, without limitation, any Proceeding brought by or in the right of any of the
Companies), the Companies shall indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, all Expenses 

  
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reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. If Indemnitee is not wholly successful in defense of such Proceeding but is successful, on the merits or
otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Companies will indemnify Indemnitee against all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection with each claim,
issue or matter resolved successfully on the merits or otherwise. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, on
substantive or procedural grounds, shall be deemed to be a successful resolution as to such claim, issue or matter. This provision is not intended to limit any other provision contained herein or any other rights to indemnification to which the
Indemnitee may be entitled. 

  

	6.	Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement or otherwise to indemnification by any of the Companies for some or a portion of the Expenses, liabilities, judgments,
penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, judgments, penalties, fines and amounts paid in settlement) incurred by
Indemnitee or on behalf of Indemnitee in connection with a Proceeding or any claim, issue or matter therein, but not, however, for the total amount thereof, the Companies shall indemnify Indemnitee for that portion thereof to which Indemnitee is
entitled. 

  

	7.	Indemnification for Additional Expenses Incurred to Secure Recovery or as Witness. 

  

	 	(a)	The Companies will indemnify Indemnitee with respect to, and hold Indemnitee harmless from and against, any and all Expenses and, if requested by Indemnitee, will (within twenty (20) calendar days of such request)
advance such Expenses to Indemnitee that are reasonably incurred by Indemnitee in connection with any action brought by Indemnitee for (i) indemnification or advance payment of Expenses by any of the Companies under this Agreement, any other
agreement, the Certificate of Incorporation or By-Laws of any of the Companies as now or hereafter in effect; or (ii) recovery under any director and officer liability insurance policy maintained by any Enterprise to the fullest extent
permitted by law. 

  

	 	(b)	To the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, the Companies will indemnify Indemnitee with respect to, and hold
Indemnitee harmless from and against, and the Companies will advance, all Expenses reasonably incurred by Indemnitee or on behalf of Indemnitee in connection therewith. 

 

	8.	Advancement of Expenses. 

  

	 	(a)	 The Companies shall advance all Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with or in respect of such liabilities, 

  
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judgments, penalties, fines and amounts paid in settlement) reasonably incurred by or on behalf of Indemnitee in connection with the investigation, defense, settlement or appeal of any Proceeding
within twenty (20) calendar days after the receipt by the Companies of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such
advances shall, in all events, be (i) unsecured and interest free; and (ii) made without regard to Indemnitee’s ability to repay the advances. 

  

	 	(b)	To obtain advancement of Expenses under this Agreement, Indemnitee shall submit to the Company a written request for advancement of Expenses and, to the extent required by applicable law, an unsecured written
undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Upon submission of such request for advancement of Expenses and
unsecured written undertaking, Indemnitee shall be entitled to advancement of Expenses as provided in this Section 8, and such advancement of Expenses shall continue until such time (if any) as there is a final judicial determination
that Indemnitee is not entitled to indemnification. 

  

	9.	Certain Agreements Related to Indemnification. 

  

	 	(a)	To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request for indemnification at such time as determined by Indemnitee in Indemnitee’s sole discretion.

  

	 	(b)	At any time after submission by Indemnitee of a request for indemnification pursuant to Section 9(a) or request for advancement pursuant to Section 8(a), either any of the Companies or Indemnitee
may petition the Delaware Court for resolution of a refusal or failure by any of the Companies to provide indemnification or advancement. The Companies will pay any and all Expenses reasonably incurred in connection with the investigation and
resolution of such claim for indemnification or advancement. 

  

	 	(c)	 Indemnitee shall have the sole right and obligation to control the defense or conduct of any claim or Proceeding with respect to Indemnitee with
counsel chosen by such Indemnitee; provided, that Indemnitee will not compromise or settle any claim or Proceeding, release any claim, or, except as required by applicable law, make any admission of fact, law, liability or damages with
respect to any losses for which indemnification is sought hereunder without the prior written consent of the Company, which consent shall not be unreasonably withheld. The Companies will not, with respect to any person or entity, settle any claim or
Proceeding, release any claim, or, except as required by applicable law, make any admission of fact, law or liability or damages, or assign, pledge or permit any subrogation with respect to the foregoing, or permit any Enterprise to do any of the
foregoing, to the extent such settlement, release, admission, 

  
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assignment, pledge or subrogation in any way adversely affects Indemnitee (including, but not limited to, the Indemnitee’s rights under any liability insurance policy maintained by any
Enterprise) or directly or indirectly imposes any expense, liability, damages, debt, obligation or judgment on Indemnitee. 

  

	 	(d)	The parties intend and agree that, to the extent permitted by law, in connection with any determination with respect to entitlement to indemnification hereunder: (i) it will be presumed that Indemnitee is entitled
to indemnification under this Agreement, and that the Enterprise or any other person or entity challenging such right will have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any
determination contrary to that presumption; (ii) the termination of any action, suit or Proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a
presumption that Indemnitee did not act in good faith and in a manner that Indemnitee reasonably believed to be in or not opposed to the best interests of the applicable Enterprise, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that Indemnitee’s conduct was unlawful; (iii) Indemnitee will be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the applicable Enterprise, including
financial statements, or on information supplied to Indemnitee by the officers, employees, or committees of the board of directors of the applicable Enterprise, or on the advice of legal counsel for the applicable Enterprise or on information or
records given in reports made to the applicable Enterprise by an independent certified public accountant or by an appraiser or other expert or advisor selected by the applicable Enterprise; and (iv) the knowledge and/or actions, or failure to
act, of any director, officer, agent or employee of the Enterprise or relevant enterprises will not be imputed to Indemnitee in a manner that limits or otherwise adversely affects Indemnitee’s rights hereunder. The provisions of this
Section 9(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

 

	 	(e)	Indemnitee agrees to notify the Companies promptly upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter that may be subject to
indemnification or advancement of Expenses covered hereunder; provided, however, that any failure of Indemnitee so to notify the Companies will not relieve the Companies of any obligation that they may have to Indemnitee under
this Agreement or otherwise. If at the time of receipt of any such request for indemnification or notice any of the Companies have director and officer insurance policies in effect, the Companies will promptly notify the relevant insurers in
accordance with the procedures and requirements of such policies. 

  
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	10.	Other Rights of Recovery; Insurance; Subrogation, etc. 

  

	 	(a)	The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, under the
Certificates of Incorporation or By-Laws of any Enterprise, or under any other agreement, vote of stockholders or resolution of directors of any Enterprise, or otherwise. Indemnitee’s rights under this Agreement are present contractual rights
that fully vest upon Indemnitee’s first service as a director or executive officer of any of the Companies. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under
this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the General Corporation Law of the State of Delaware (or
other applicable law), whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under the Certificates of Incorporation or By-Laws of any Enterprise and this Agreement, it
is the intent of the parties hereto that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and
remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent
the concurrent assertion or employment of any other right or remedy. 

  

	 	(b)	To the extent that any of the Enterprises maintains an insurance policy or policies providing liability insurance for directors, officers, employees, fiduciaries, representatives, partners or agents of any Enterprise,
Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, fiduciary, representative, partner or agent insured under such policy
or policies. 

  

	 	(c)	 In the event of any payment by any of the Companies under this Agreement, the Companies shall be subrogated to the extent of such payment to all of
the rights of recovery of Indemnitee against any other Enterprise, and Indemnitee hereby agrees, as a condition to obtaining any advancement or indemnification from the Companies, to assign all of Indemnitee’s rights to obtain from such other
Enterprise such amounts to the extent that they have been paid to or for the benefit of Indemnitee as advancement or indemnification under this Agreement and are adequate to indemnify Indemnitee with respect to the costs, Expenses or other items to
the full extent that Indemnitee is entitled to indemnification or other payment hereunder; and Indemnitee will (upon request by any of the Companies) execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Companies to bring suit or enforce such rights. 

  
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	 	(d)	Given that certain Jointly Indemnifiable Claims may arise, the Companies acknowledge and agree that the Companies shall be fully and primarily responsible for the payment to the Indemnitee in respect of indemnification
or advancement of Expenses in connection with any such Jointly Indemnifiable Claim, whether Indemnitee’s right to indemnification or advancement from the Companies arises, pursuant to and in accordance with (as applicable) the terms of
(i) the Delaware General Corporation Law, (ii) the Certificate of Incorporation or the By-Laws of any of the Companies, (iii) this Agreement, (iv) any other agreement between either any of the Companies or any other Enterprise
and the Indemnitee pursuant to which the Indemnitee is indemnified, (v) the laws of the jurisdiction of incorporation or organization of any other Enterprise and/or (vi) the Certificate of Incorporation, certificate of organization,
By-Laws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or other organizational or governing documents of any other Enterprise ((i) through (vi) collectively, the
“Indemnification Sources”), without regard to any right of recovery the Indemnitee may have from the Indemnitee-Related Entities or any right to insurance coverage that Indemnitee may have under any insurance policy issued to any
Indemnitee-Related Entity. Under no circumstance shall any of the Companies or any other Enterprise be entitled to any right of subrogation, reimbursement, exoneration, indemnification or contribution from the Indemnitee-Related Entities (or any
insurance carrier providing insurance coverage to Indemnitee under any insurance policy issued to a Indemnitee-Related Entity) pursuant to any right of indemnification Indemnitee has under a contract or otherwise between Indemnitee and any
Indemnitee-Related Entities or any insurance coverage (and neither any of the Companies nor any Enterprise shall have any right to participate in any claim or remedy of the Indemnitee in respect thereof), and no right of indemnification,
reimbursement, advancement of Expenses or insurance coverage or any other right of recovery the Indemnitee may have from the Indemnitee-Related Entities (or from any insurance carrier providing insurance coverage to any Indemnitee-Related Entity)
shall reduce or otherwise alter the rights of the Indemnitee or the obligations of any of the Companies or any other Enterprise under the Indemnification Sources. The Companies hereby unconditionally and irrevocably waive, relinquish and release,
and covenant and agree not to exercise (and to cause each of the other Enterprises not to exercise), any rights that it may now have or hereafter acquire against any Indemnitee-Related Entity or Indemnitee that arise from or relate to the existence,
payment, performance or enforcement of the Companies’ obligations under this Agreement or under any other indemnification agreement (whether pursuant to contract, by-laws or charter), including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of Indemnitee against any Indemnitee-Related Entity or Indemnitee (or any insurance carrier providing insurance coverage to any
Indemnitee-Related Entity), whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any 

  
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	 	Indemnitee-Related Entity or Indemnitee (or any such insurance carrier), directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or
right. 

  

	 	(e)	The Companies shall take any and all actions as may reasonably be requested by Indemnitee or any Indemnitee-Related Entity to cause director and officer liability insurance policies maintained by any of the Companies,
and those maintained by any other applicable Enterprise, to be paid and exhausted to cover any Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable
in connection with or in respect of such Expenses, liabilities, judgments, penalties, fines and amounts paid in settlement) that could be subject to indemnification hereunder without regard to any director and officer liability insurance policies
that may be maintained by any Indemnitee-Related Entity or any of their affiliates (other than affiliates that are Enterprises). In the event that any of the Indemnitee-Related Entities shall make or cause to be made any payment to the Indemnitee in
respect of indemnification or advancement of Expenses with respect to any Jointly Indemnifiable Claim, (i) the Companies shall, and to the extent applicable shall cause the other Enterprises to, reimburse, indemnify and hold harmless each
Indemnitee-Related Entity making such payment to the extent of such payment promptly upon written demand from such Indemnitee-Related Entity, (ii) to the extent not previously and fully reimbursed by the Companies and/or any other Enterprise
pursuant to clause (i), the Indemnitee-Related Entity making such payment shall be subrogated to the extent of the outstanding balance of such payment to all of the rights of recovery of the Indemnitee against any of the Companies and/or any other
Enterprise, as applicable, and (iii) Indemnitee shall execute all papers reasonably required and shall do all things that may be reasonably necessary to secure such rights, including the execution of such documents as may be necessary to enable
the Indemnitee-Related Entities effectively to bring suit to enforce such rights. 

  

	 	(f)	The Companies’ obligation to indemnify or advance Expenses hereunder to Indemnitee in respect of or relating to Indemnitee’s service at the request of any of the Companies as a director, officer, employee,
fiduciary, representative, partner or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as payment of indemnification or advancement of Expenses from such other Enterprise, except to the extent that such
indemnification payments and advance payment of Expenses when taken together with any such amount actually received from other Enterprises or under director and officer insurance policies maintained by one or more Enterprises are inadequate to fully
pay all costs, Expenses or other items to the full extent that Indemnitee is entitled to indemnification or other payment hereunder. 

  
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	11.	Employment Rights; Successors; Third Party Beneficiaries. 

  

	 	(a)	This Agreement shall not be deemed an employment contract between any of the Companies and Indemnitee. This Agreement shall continue in force as provided above after Indemnitee has ceased to serve as a director and/or
executive officer of any of the Companies. 

  

	 	(b)	This Agreement shall be binding upon each of the Companies and their successors and assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators. 

 

	 	(c)	The Indemnitee-Related Entities are express third party beneficiaries of this Agreement, are entitled to rely upon this Agreement, and may specifically enforce any of the Companies’ obligations hereunder (including
but not limited to the obligations specified in Section 10 of this Agreement). 

  

	12.	Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining
provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the
fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal
or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 

  

	13.	Exception to Right of Indemnification or Advancement of Expenses. Except as provided in Section 7(a) of this Agreement or as may otherwise be agreed by any of the Companies, Indemnitee shall not be
entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding brought by Indemnitee (other than a Proceeding by Indemnitee by way of defense or to enforce the rights under this Agreement or under statute
or other law including any rights under Section 145 of the Delaware General Corporation Law), unless the bringing of such Proceeding or making of such claim shall have been approved by the board of directors of the Company. 

 

	14.	Definitions. For purposes of this Agreement: 

  

	 	(a)	“By-Laws” means, with respect to any entity, (i) in the case of the Company, its by-laws, and (ii) in the case of any other entity, its by-laws or similar constituting document.

  

	 	(b)	“Certificate of Incorporation” means, with respect to any entity, (i) in the case of the Company, its certificate of incorporation, and (ii) in the case of any other entity, its certificate of
incorporation, articles of incorporation or similar constituting document. 

  
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	 	(c)	“Corporate Status” describes the status of a person by reason of his or her service as a director or executive officer of any of the Companies (including, without limitation, one who serves at the
request of any of the Companies as a director, officer, employee, fiduciary or agent of any Enterprise). 

  

	 	(d)	“Enterprise” shall mean (i) each of the Companies; or (ii) any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that
is a controlled affiliate or a wholly- or partially-owned direct or indirect subsidiary, or employee benefit plan, of any of the Companies and of which the Indemnitee is or was serving as a director, trustee, general partner, managing member,
officer, employee, agent or fiduciary, or in any similar capacity; or (iii) any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise, in each case, of which Indemnitee is or
was serving as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary, or in any similar capacity at the request of any of the Companies. 

 

	 	(e)	“Expenses” shall mean all reasonable costs, fees and expenses and shall specifically include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees and costs of experts,
witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, being or preparing to be a witness, in, or otherwise participating in, a Proceeding, including, but not limited to, the premium for appeal bonds, attachment bonds or similar bonds and all interest,
assessments and other charges paid or payable in connection with or in respect of any such Expenses. 

  

	 	(f)	“Indemnitee-Related Entities” means any corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise (other than the Companies, any other
Enterprise or the insurer under and pursuant to an insurance policy issued to or insuring the Companies or any Enterprise) from whom the Indemnitee may be entitled to indemnification, reimbursement, or advancement. 

 

	 	(g)	 “Jointly Indemnifiable Claims” shall be broadly construed and shall include, without limitation, any Proceeding for which the
Indemnitee shall be entitled to indemnification, reimbursement, advancement or insurance coverage from (i) either the Companies and/or any other Enterprise pursuant to the Indemnification Sources, on the one hand, and (ii) any
Indemnitee-Related Entity (or an insurance carrier providing insurance coverage to any Indemnitee-Related Entity) under any other agreement or arrangement between any Indemnitee-Related Entity and the Indemnitee (or insurance policy providing
insurance coverage to any Indemnitee-

  
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Related Entity) pursuant to which the Indemnitee is indemnified or entitled to reimbursement, advancement or insurance coverage, the laws of the jurisdiction of incorporation or organization of
any Indemnitee-Related Entity and/or the Certificate of Incorporation, certificate of organization, By-Laws, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or other organizational or
governing documents of any Indemnitee-Related Entity, on the other hand. 

  

	 	(h)	“Proceeding” includes any actual, threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual,
threatened, pending or completed proceeding, whether brought by or in the right of any of the Companies or otherwise and whether civil, criminal, administrative or investigative in nature, in which Indemnitee was, is, may be or will be involved as a
party, witness or otherwise, by reason of Indemnitee’s Corporate Status or by reason of any action taken by him or her or of any inaction on his part while acting as director or officer of any Enterprise (in each case whether or not he or she
is acting or serving in any such capacity or has such status at the time any liability or expense is incurred for which indemnification or advancement of Expenses can be provided under this Agreement). 

 

	15.	Construction. Whenever required by the context, as used in this Agreement the singular number shall include the plural, the plural shall include the singular, and all words herein in any gender shall be deemed to
include (as appropriate) the masculine, feminine and neuter genders. 

  

	16.	Reliance; Integration. 

  

	 	(a)	The Companies expressly confirm and agree that they have entered into this Agreement and assumed the obligations imposed on each of them hereby in order to induce Indemnitee to serve as a director and/or executive
officer of any of the Companies, and the Companies acknowledge that Indemnitee is relying upon this Agreement in serving as a director and/or executive officer of any of the Companies. 

 

	 	(b)	This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties
hereto with respect to the subject matter hereof. 

  

	17.	Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 

  
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	18.	Notice Mechanics. All notices, requests, demands or other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and receipted for by the party to
whom said notice or other communication shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 

 

	 	(a)	If to Indemnitee, to: 

 [—] 

 

	 	(b)	If to any of the Companies, to: 

 The Habit Restaurants, Inc. 

17320 Red Hill Avenue, Suite 140 

Irvine, California 92614 
 or to
such other address as may have been furnished (in the manner prescribed above) as follows: (a) in the case of a change in address for notices to Indemnitee, furnished by Indemnitee to the Company and (b) in the case of a change in address
for notices to any of the Companies, furnished by such of the Companies to Indemnitee. 
  

	19.	Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Companies, in lieu of
indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for reasonably incurred Expenses, in connection with any claim
relating to a Proceeding under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Companies and the
Indemnitee as a result of the event(s) and/or transaction(s) giving rise to such Proceeding; and/or (ii) the relative fault of the Companies (and their respective other directors, officers, employees and agents) and the Indemnitee in connection
with such event(s) and/or transaction(s). 

  

	20.	Joint and Several Liability. The Companies shall cause each of the other Enterprises that it controls to perform the terms and obligations of this Agreement as though each such Enterprise was a party to
this Agreement. To the extent that any of the Companies and one or more Enterprises are jointly obligated to indemnify the Indemnitee, the Companies shall be jointly and severally obligated with each other and with such Enterprise(s) to indemnify
the Indemnitee pursuant to the terms of this Agreement. 

  

	21.	 Governing Law; Submission to Jurisdiction; Appointment of Agent for Service of Process. This Agreement and the legal relations among the
parties shall, to the fullest extent permitted by law, be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflicts of law rules. The Companies and Indemnitee hereby irrevocably
and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought 

  
 - 12 - 

	 	
only in the Delaware Court, and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive
jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and
(iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or otherwise inconvenient forum. 

 

	22.	Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

 

	23.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.

  
 - 13 - 

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

									
	Company:	 		 	THE HABIT RESTAURANTS, INC., on behalf of the Companies
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	
				
		 		 		 	  

	Indemnitee:	 		 		 	Name:	 	[—]

 [Signature Page to Indemnification Agreement]EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (the “Agreement”), among Aviv Asset Management, L.L.C., a Delaware limited liability company
(the “Company”), Aviv REIT, Inc., the parent company of the Company (“Aviv REIT”) and Steven J. Insoft (the “Executive”) is to be effective as of the execution date of the Merger Agreement (as
defined below) (the “Effective Date”). This Agreement is contingent on the execution of the agreement and plan of merger by and among Omega Healthcare Investors, Inc., OHI Healthcare Properties Holdco, Inc., OHI Healthcare
Properties Limited Partnership, Aviv REIT, and Aviv Healthcare Properties Limited Partnership, L.P. (the “Merger Agreement”) no later than October 30, 2014. If the Merger Agreement is not executed by that date for any reason, this
Agreement will immediately and automatically be null and void and be of no further force or effect. 
 INTRODUCTION 

The Company employs the Executive as an employee and its President and Chief Operating Officer and the Executive also serves as the President
and Chief Operating Officer of Aviv REIT. The Company, Aviv REIT and the Executive desire to enter into this Agreement to reflect certain terms and conditions of the Executive’s employment and service. 

NOW, THEREFORE, the parties agree as follows: 
  

	1.	Terms and Conditions of Employment. 

 (a) Employment. During the Term,
Company will employ the Executive, and the Executive will serve on a full-time basis as the President and Chief Operating Officer of the Company and the President and Chief Operating Officer of Aviv REIT until a Change in Control, and upon and
following a Change in Control will have such job position as may be assigned by the Company and will have such responsibilities and authority as may from time to time be assigned to the Executive by the Company. In this capacity, Executive will
provide unique services to the Company and Aviv REIT and be privy to the Company’s and Aviv REIT’s Confidential Information and Trade Secrets. The Executive will report to the Chief Executive Officer of Aviv REIT until the occurrence of a
Change in Control and upon and following a Change in Control will report for such position as may be established by the Company. The Executive’s primary office will be at the Company’s headquarters in such geographic location within the
United States as may be determined by the Company. 
 (b) Exclusivity. Throughout the Executive’s employment hereunder, the
Executive shall devote substantially all of the Executive’s time, energy and skill during regular business hours to the performance of the duties of the Executive’s employment, shall faithfully and industriously perform such duties, and
shall diligently follow and implement all management policies and decisions of the Company and Aviv REIT; provided, however, that this provision is not intended to prevent the Executive from managing his investments, so long as he gives his duties
to the Company and Aviv REIT first priority and such investment activities do not interfere with his performance of duties for the Company and Aviv REIT. Notwithstanding the foregoing, other than with regard to the Executive’s duties to the
Company and Aviv REIT, the Executive will not accept any other employment during the Term, perform any consulting services during the Term, or serve on the 

 board of directors or governing body of any other business, except with the prior written consent of the Chief
Executive Officer of Aviv REIT. Further, the Executive has disclosed on Exhibit A hereto, all of his nonpublic company healthcare related investments, and agrees not to make any investments during the Term hereof except as a passive investor.
The Executive agrees during the Term not to own directly or indirectly equity securities of any public healthcare related company (excluding Aviv REIT) that represents five percent (5%) or more of the value or voting power of the equity
securities of such company. 
  

	2.	Compensation. 

 (a) Base Salary. The Company shall pay the Executive base
salary of $395,000 per annum as of the Effective Date, which base salary will be subject to review effective as of January 1, 2015, and at least annually thereafter by Aviv REIT for possible increases, and will also be subject to review for
possible increase upon a Change in Control by the successor to Aviv REIT which has accepted assignment of this Agreement in connection with the Change in Control (the “Successor”). The base salary shall be payable in equal
installments, no less frequently than twice per month, in accordance with the Company’s regular payroll practices. 
 (b) Bonus.

 (i) The Executive shall be eligible to earn an annual bonus of 160%, 80% and 40% for high, target and threshold
performance, respectively, of the Executive’s annual base salary (the “Bonus”) until the date of a Change in Control, as of which date the foregoing percentages may be modified prospectively by the Successor to percentages that
are consistent with those provided to similarly situated officers of such successor (provided that the annual bonus opportunity for the year to date in which a Change in Control occurs will be based on the applicable percentage of the portion of the
Executive’s annual salary earned for the calendar year through the date of the Change in Control, and the annual bonus opportunity for the portion of the year following the Change in Control will be based on the applicable percentage of the
portion of the Executive’s annual salary earned from the date of the Change in Control through the end of the year in which the Change in Control occurs. The Bonus, if any, shall be payable (A) promptly following the availability to Aviv
REIT of the required data to calculate the Bonus for the year for which the Bonus is earned (which data may in Aviv REIT’s discretion include audited financial statements), and (B) by no later than March 15 of the year following the
year for which the Bonus is earned. 
 (ii) The Bonus metrics, the relative weighting of the bonus metrics and the specific
threshold, target and high levels of each metric for 2014 have previously been established by the Compensation Committee of the Board of Directors of Aviv REIT (the “Compensation Committee”). The same performance metrics and the
weighting, but not the specific required levels at threshold, target and high, will continue to apply for 2015 unless the Compensation Committee changes the metrics or the weighting by no later than the first ninety (90) days of the year in
which such change is to occur; provided, however, that such metrics and weighting will cease to apply prospectively upon the occurrence of a Change in Control. If the Compensation Committee changes the metrics or the weighting with respect to a year
or in connection with a Change in Control, it will communicate the new metrics and the weighting, and the required levels for threshold, target and high performance to the Executive promptly after it approves such changes (which approval must occur
no later than the first ninety (90) days of the year in which the change is made or no 

  
 -2- 

 later than the first ninety (90) days after the Change in Control). After any such change is
made, the changed metrics and the weighting, but not the required levels for threshold, target and high performance, will continue to apply to 2016, unless the Compensation Committee takes further action to change the metrics or weighting in the
same manner described above. Regardless of whether or not the Compensation Committee changes the metrics or the weighting for a year, it will establish the required levels for threshold, target and high performance for the year by no later than the
first ninety (90) days of the year, and promptly thereafter communicate the same to the Executive. All required levels for threshold, target and high performance for any year that are based on objective criteria of the type contained in Aviv
REIT’s budget will be based on Aviv REIT’s budget for the subject year that has been approved by the Board of Directors of Aviv REIT. 

(iii) The Executive will be eligible for a prorated Bonus, prorated in accordance with procedures established in Aviv
REIT’s discretion, if the Executive terminates employment during a calendar year due to death. Otherwise, the Executive will be eligible for a Bonus for any calendar year only if the Executive remains employed by the Company on the date the
Bonus is paid, unless otherwise provided by the terms of the applicable bonus plan or the Compensation Committee. 
 (c) Long-Term
Incentive Compensation. The Executive shall be entitled to participate in any long-term incentive compensation program for executive officers generally that is approved by the Compensation Committee, but subject to a prorated reduction in
accordance with a methodology approved the Compensation Committee for the performance or vesting periods in which a Change in Control occurs. 

(d) Expenses. The Executive shall be entitled to be reimbursed in accordance with Company policy for reasonable and necessary expenses
incurred by the Executive in connection with the performance of the Executive’s duties of employment hereunder; provided, however, the Executive shall, as a condition of such reimbursement, submit verification of the nature and amount of such
expenses in accordance with the reasonable reimbursement policies from time to time adopted by the Company. In the case of taxable reimbursements or in-kind benefits that are subject to Section 409A of the Internal Revenue Code, the policy must
provide an objectively determinable nondiscretionary definition of expenses eligible for reimbursement or in-kind benefits to be provided, the expense must be incurred or in-kind benefit must be provided during the period that the Executive is
employed by or performing services for the Company, unless a different objectively and specifically prescribed period is specified under the applicable policy, the amount of expenses that are eligible for reimbursement or in-kind benefits provided
during the Executive’s taxable year may not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year, the reimbursement must be paid to the Executive on or before the last day of the
Executive’s taxable year following the taxable year in which the expense was incurred, and the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit. 

(e) Paid Time Off. The Executive shall be entitled to paid time off in accordance with the terms of Company policy. 

(f) Benefits. In addition to the benefits payable to the Executive specifically described herein, the Executive shall be entitled to
such benefits as generally may be made available to all other executive officers of Aviv REIT from time to time; provided, however, that nothing contained herein shall require the establishment or continuation of any particular plan or program. 

  
 -3- 

 (g) Withholding. All payments pursuant to this Agreement shall be reduced for any
applicable state, local, or federal tax withholding obligations. 
 (h) Insurance and Indemnification. The Executive shall be
entitled to indemnification, including advancement of expenses (if applicable), in accordance with and to the extent provided by the Company’s operating agreement and Aviv REIT’s bylaws and articles of incorporation, and any separate
indemnification agreement, if any. 
  

	3.	Term and Termination. 

 (a) Term. The term of this Agreement (the
“Term”) shall begin as of the Effective Date and shall continue until terminated by either party pursuant to Section 3(b) hereof or, if earlier, the termination of the Merger Agreement if such termination occurs prior to the
“Merger Effective Time” (as defined in the Merger Agreement). 
 (b) Termination. This Agreement and the employment of the
Executive by the Company hereunder shall be terminated: (i) by the Company with or without cause; (ii) by the Executive upon at least thirty (30) days prior written notice; (iii) by the Company or the Executive due to the
disability of the Executive; or (iv) upon the death of the Executive. 
 (c) In the event of termination of the Executive’s
employment with the Company for any reason, the Executive’s service with Aviv REIT shall also cease as of the same date without the requirement of further action by any party. Notice of termination by any party shall be given in writing prior
to termination and shall specify the basis for termination and the effective date of termination. The Executive shall not be entitled to any payments or benefits after the effective date of the termination of this Agreement, except for base salary
pursuant to Section 2(a) accrued up to the effective date of termination, any unpaid earned and accrued Bonus, if any, pursuant to Section 2(b), pay for accrued but unused vacation that the Employer is legally obligated to pay Employee, if
any, and only if the Employer is so obligated, as provided under the terms of any other employee benefit and compensation agreements or plans applicable to the Executive, expenses required to be reimbursed pursuant to Section 2(d), and any
rights to payment the Executive has under Section 2(h). 
  

	4.	Ownership and Protection of Proprietary Information. 

 (a) Confidentiality.
All Confidential Information and Trade Secrets of the Company and Aviv REIT and all physical embodiments thereof received or developed by the Executive while employed by the Company are confidential to and are and will remain the sole and exclusive
property of the Company and Aviv REIT. Except to the extent necessary to perform the duties assigned by the Company or Aviv REIT hereunder, the Executive will hold such Confidential Information and Trade Secrets in trust and strictest confidence,
and will not use, reproduce, distribute, disclose or otherwise disseminate the Confidential Information and Trade Secrets or any physical embodiments thereof and may in no event take any action causing or fail to take the action necessary in order
to prevent, any Confidential Information and Trade Secrets disclosed to or developed by the Executive to lose its character or cease to qualify as Confidential Information or Trade Secrets. 

  
 -4- 

 (b) Return of Company Property. Upon request by the Company, and in any event upon
termination of this Agreement for any reason, as a prior condition to receiving any final compensation hereunder (including any payments pursuant to Section 3 hereof), the Executive will promptly deliver to the Company all property belonging to
the Company and all property belonging to Aviv REIT, including, without limitation, all Confidential Information and Trade Secrets (and all embodiments thereof) of the Company and Aviv REIT then in the Executive’s custody, control or
possession. 
 (c) Survival. The covenants of confidentiality set forth herein will apply on and after the date hereof to any
Confidential Information and Trade Secrets disclosed by the Company or Aviv REIT or developed by the Executive while employed or engaged by the Company or Aviv REIT prior to or after the date hereof. The covenants restricting the use of Confidential
Information will continue and be maintained by the Executive for a period of two years following the termination of this Agreement. The covenants restricting the use of Trade Secrets will continue and be maintained by the Executive following
termination of this Agreement for so long as permitted by the governing law. 
  

	5.	Non-Competition and Non-Solicitation Provisions. 

 (a) The Executive agrees that
during the Applicable Period, the Executive will not (except on behalf of or with the prior written consent of Aviv REIT, which consent may be withheld in Aviv REIT’s sole discretion), within the Area either directly or indirectly, on his own
behalf, or in the service of or on behalf of others, provide managerial services or management consulting services substantially similar to those Executive provides for the Company or Aviv REIT to any Competing Business. As of the Effective Date,
the Executive acknowledges and agrees that the Business of the Company is conducted in the Area. 
 (b) The Executive agrees that during the
Applicable Period, he will not, either directly or indirectly, on his own behalf or in the service of or on behalf of others solicit any individual or entity which is an actual or, to his knowledge, actively sought prospective client of the Company,
Aviv REIT or any of their Affiliates (determined as of date of termination of employment) with whom he had material contact while he was an executive officer of the Company or Aviv REIT, for the purpose of offering services substantially similar to
those offered by the Company, Aviv REIT or any of their Affiliates. 
 (c) The Executive agrees that during the Applicable Period, he will
not, either directly or indirectly, on his own behalf or in the service of or on behalf of others, solicit for employment with a Competing Business any person who is a management level employee of the Company, Aviv REIT or an Affiliate with whom
Executive had contact during the last year of Executive’s employment with the Company. The Executive shall not be deemed to be in breach of this covenant solely because an employer for whom he may perform services may solicit, divert, or hire a
management level employee of the Company or an Affiliate provided that Executive does not engage in the activity proscribed by the preceding sentence. 

(d) The Executive agrees that during the Applicable Period, he will not make any statement (written or oral) that could reasonably be
perceived as disparaging to the Company, Aviv REIT or any person or entity that he reasonably should know is an Affiliate. 

  
 -5- 

 (e) In the event that this Section 5 is determined by a court which has jurisdiction to be
unenforceable in part or in whole, the court shall be deemed to have the authority to strike any unenforceable provision, or any part thereof or to revise any provision to the minimum extent necessary to be enforceable to the maximum extent
permitted by law. 
 (f) The provisions of this Section 5 shall survive termination of this Agreement only if the Executive terminates
the Agreement. The provisions of this Section 5 shall not survive if the Term ends due to the termination of the Merger Agreement if such termination occurs prior to the “Merger Effective Time” (as defined in the Merger Agreement).

  

	6.	Remedies and Enforceability. 

 The Executive agrees that the covenants,
agreements, and representations contained in Sections 4 and 5 hereof are of the essence of this Agreement; that each of such covenants are reasonable and necessary to protect and preserve the interests and properties of the Company and Aviv REIT;
that irreparable loss and damage will be suffered by the Company and Aviv REIT should the Executive breach any of such covenants and agreements; that each of such covenants and agreements is separate, distinct and severable not only from the other
of such covenants and agreements but also from the other and remaining provisions of this Agreement; that the unenforceability of any such covenant or agreement shall not affect the validity or enforceability of any other such covenant or agreements
or any other provision or provisions of this Agreement; and that, in addition to other remedies available to it, including, without limitation, termination of the Executive’s employment for cause, the Company and Aviv REIT shall be entitled to
seek both temporary and permanent injunctions to prevent a breach or contemplated breach by the Executive of any of such covenants or agreements. 
  

	7.	Notice. 

 All notices, requests, demands and other communications required
hereunder shall be in writing and shall be deemed to have been duly given if delivered or if mailed, by United States certified or registered mail, prepaid to the party to which the same is directed at the following addresses (or at such other
addresses as shall be given in writing by the parties to one another): 
  

					
	If to the Company	  		  	
	or Aviv REIT:	  	303 W. Madison Street, Suite 2400
		  	Chicago, Illinois 60606
		  	Attention:	  	Craig M. Bernfield
		  		  	Samuel H. Kovitz
		
	If to the Executive:	  	to the last address the Company
 has on file for the Executive

 Notices delivered in person shall be effective on the date of delivery. Notices delivered by mail as aforesaid shall be
effective upon the fourth calendar day subsequent to the postmark date thereof. 
  

	8.	Miscellaneous. 

 (a) Assignment. The rights and obligations of the Company
and Aviv REIT under this Agreement shall inure to the benefit of the Company’s or Aviv REIT’s successors and assigns. This 

  
 -6- 

 Agreement may be assigned by the Company or Aviv REIT to any legal successor to the Company’s or Aviv
REIT’s business or to an entity that purchases all or substantially all of the assets of the Company or Aviv REIT, but not otherwise without the prior written consent of the Executive. In the event the Company or Aviv REIT assigns this
Agreement as permitted by this Agreement and the Executive remains employed by the assignee, the “Company” and “Aviv REIT” as defined herein will, unless the context clearly requires otherwise, refer to the assignee and the
Executive will not be deemed to have terminated his employment hereunder until the Executive terminates his employment with the assignee. The Executive may not assign this Agreement. 

(b) Waiver. The waiver of any breach of this Agreement by any party shall not be effective unless in writing, and no such waiver shall
constitute the waiver of the same or another breach on a subsequent occasion. 
 (c) Governing Law. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of Illinois. The parties agree that any appropriate state or federal court located in Chicago, Illinois shall have jurisdiction of any case or controversy arising under or in
connection with this Agreement and shall be a proper forum in which to adjudicate such case or controversy. The parties consent to the jurisdiction of such courts. 

(d) Entire Agreement. This Agreement embodies the entire agreement of the parties hereto relating to the subject matter hereof and
supersedes all oral agreements, and to the extent inconsistent with the terms hereof, all other written agreements. 
 (e) Amendment.
This Agreement may not be modified, amended, supplemented or terminated except by a written instrument executed by the parties hereto. 

(f) Severability. Each of the covenants and agreements hereinabove contained shall be deemed separate, severable and independent
covenants, and in the event that any covenant shall be declared invalid by any court of competent jurisdiction, such invalidity shall not in any manner affect or impair the validity or enforceability of any other part or provision of such covenant
or of any other covenant contained herein. 
 (g) Captions and Section Headings. Except as set forth in Section 9 hereof,
captions and section headings used herein are for convenience only and are not a part of this Agreement and shall not be used in construing it. 
  

	9.	Definitions. 

 (a) “Affiliate” means any person, firm,
corporation, partnership, association or entity that, directly or indirectly or through one or more intermediaries, controls, is controlled by or is under common control with the Company or Aviv REIT. 

(b) “Applicable Period” means the period commencing as of the date of this Agreement and ending 21 (twenty-one) months after
the termination of the Executive’s employment with the Company or any of its Affiliates. 
 (c) “Area” means the
states in which the Company or any of its Affiliates owns, acquires, develops, invests in, leases, finances the ownership of, or finances the operation of any skilled nursing facilities, senior housing, long-term care facilities, assisted living
facilities, retirement housing facilities, other residential healthcare related real estate or other healthcare facilities. 

  
 -7- 

 (d) “Business of the Company” means any business with the primary purpose of
leasing assets to healthcare operators, or financing the ownership of, or financing the operation of, skilled nursing facilities, senior housing, long-term care facilities, assisted living facilities, retirement housing facilities, other residential
healthcare related real estate, or other healthcare facilities. 
 (e) “Change in Control” means any one of the following
events which occurs following the Effective Date: 
 (a) the acquisition within a twelve (12) month period, directly or
indirectly, by any “person” or “persons” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than Aviv REIT, the Company or any employee benefit plan of Aviv REIT, the
Company or an Affiliate, or any corporation pursuant to a reorganization, merger or consolidation, of equity securities of Aviv REIT that in the aggregate represent thirty percent (30%) or more of the total voting power of the Aviv REIT’s
then outstanding equity securities; 
 (b) the acquisition, directly or indirectly, by any “person” or
“persons” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than Aviv REIT, the Company or any employee benefit plan of Aviv REIT, the Company or an Affiliate, or any corporation
pursuant to a reorganization, merger or consolidation of equity securities of Aviv REIT, resulting in such person or persons holding equity securities of Aviv REIT that, together with equity securities already held by such person or persons, in the
aggregate represent more than fifty percent (50%) of the total fair market value or total voting power of Aviv REIT’s then outstanding equity securities; 

(c) individuals who as of the date hereof, constitute the Board of Directors of Aviv REIT (the “Incumbent
Board”) cease for any reason to constitute at least a majority of such Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by Aviv REIT’s
shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person
other than such Board; 
 (d) a reorganization, merger or consolidation, with respect to which persons who were the holders
of equity securities of Aviv REIT immediately prior to such reorganization, merger or consolidation, immediately thereafter, own equity securities of the surviving entity representing less than fifty percent (50%) of the combined ordinary
voting power of the then outstanding voting securities of the surviving entity; or 

  
 -8- 

 (e) the acquisition within a twelve (12) month period, directly or
indirectly, by any “person” or “persons” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), other than any corporation pursuant to a reorganization, merger or consolidation,
of assets of Aviv REIT that have a total gross fair market value equal to or more than eighty-five percent (85%) of the total gross fair market value of all of the assets of Aviv REIT immediately before such acquisition. 

Notwithstanding the foregoing, no Change in Control shall be deemed to have occurred for purposes of this Agreement (a) unless the event
also constitutes a “change in the ownership or effective control of the corporation or in the ownership of a substantial portion of the assets of the corporation” within the meaning of Code Section 409A(a)(2)(v), or (b) by reason
of any actions or events in which the Executive participates in a capacity other than in his capacity as an officer, employee, or director of Aviv REIT, the Company or an Affiliate. 

(f) “Competing Business” means the entities listed below and any person, firm, corporation, joint venture, or other business
that is engaged in the Business of the Company: 
  

	 	(i)	Ventas, Inc., 

  

	 	(ii)	Health Care Property Investors Inc., 

  

	 	(iii)	Healthcare Realty Trust, 

  

	 	(iv)	National Health Investors Inc., 

  

	 	(v)	National Health Realty, Inc., 

  

	 	(vi)	Senior Housing Properties Trust, 

  

	 	(vii)	Health Care REIT Inc., 

  

	 	(viii)	LTC Properties Inc., 

  

	 	(ix)	Medical Properties Trust, Inc., 

  

	 	(x)	Sabra Health Care REIT, Inc., 

  

	 	(xi)	Omega Healthcare Investors, Inc., and 

  

	 	(xii)	Formation Capital, LLC. 

 (g) “Confidential Information” means data and
information relating to the Business of the Company (which does not rise to the status of a Trade Secret) which is or has been disclosed to the Executive or of which the Executive became aware as a consequence of or through his relationship to the
Company, Aviv REIT or an Affiliate and which has value to the Company, Aviv REIT or an Affiliate and is not generally known to its competitors. Confidential Information shall not include any data or information that has been voluntarily disclosed to
the public by the Company, Aviv REIT or an Affiliate (except where such public disclosure has been made by the Executive without authorization) or that has been independently developed and disclosed by others, or that otherwise enters the public
domain through lawful means without breach of any obligations of confidentiality owed to the Company, Aviv REIT or any of its Affiliates by the Executive. 

(h) “Term” has the meaning as set forth in Section 3(a) hereof. 

(i) “Termination of employment” and similar terms shall refer solely to a “separation from service” within the
meaning of Section 409A of the Internal Revenue Code of 1986, as amended. 

  
 -9- 

 (j) “Trade Secrets” means information including, but not limited to, technical
or nontechnical data, formulae, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans or lists of actual or potential customers or suppliers which (i) derives
economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and (ii) is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy. 
 [Signature Page Follows] 

  
 -10- 

 IN WITNESS WHEREOF, the Company, Aviv REIT and the Executive have each executed and
delivered this Agreement as of the date first shown above. 
  

					
	COMPANY:
	
	AVIV ASSET MANAGEMENT, LLC.
		
	By:	 	AVIV HEALTHCARE PROPERTIES
	LIMITED PARTNERSHIP
	Its:	 	Sole Member
			
		 	By:	 	 /s/ Craig M. Bernfield

		 	Name:	 	Craig M. Bernfield
		 	Its:	 	Chief Executive Officer
	
	AVIV REIT:
	
	AVIV REIT, INC.
		
	By:	 	 /s/ Craig M. Bernfield

	Name:	 	Craig M. Bernfield
	Its:	 	Chief Executive Officer
	
	THE EXECUTIVE:
	
	 /s/ Steven J. Insoft

	Steven J. Insoft

 [Signature Page to Employment Agreement] 

 EXHIBIT A 
  

			
	 Investment
	 	 Ownership

	None	 	 None

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