Document:

EX-10.26

 Exhibit 10.26 

AMENDMENT TO LOAN AGREEMENT AND NOTE 

THIS AMENDMENT TO LOAN AGREEMENT AND NOTE (this “Agreement”) is entered into as of April 15, 2014 (the
“Effective Date”), by and among THE ACADEMY REAL ESTATE, LLC, a Delaware limited liability company (“Borrower”), MICHAEL T. CARTWRIGHT (“Cartwright”), JERROD N. MENZ (“Menz”),
AMERICAN ADDICTION CENTERS, INC., a Nevada corporation (“AAC”), BEHAVIORAL HEALTHCARE REALTY, LLC, a Delaware limited liability company (“BHR” and, together with AAC, Cartwright and Menz, each a
“Guarantor” and collectively “Guarantors”; and Guarantors, together with Borrower, the “Borrower Parties”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”). 

RECITALS 
 WHEREAS, reference is
hereby made to (i) the Loan Agreement, dated May 10, 2013 (as amended to the date hereof, the “Loan Agreement”), by and among the Borrower, the Guarantors party thereto and the Lender, as amended by the Modification
Agreement, dated as of November 7, 2013 (the “Modification Agreement”), and the Consent and Amendment to Loan Agreement and Note, dated as of April 15, 2014 (the “Consent and Amendment”), and (ii) the
Promissory Note Secured by Mortgage, dated May 10, 2013, executed by the Borrower payable to the order of Lender in the original principal sum of $3,607,000.00 (as amended by the Modification Agreement and the Consent and Amendment, the
“Note”). 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained,
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties hereto agree as follows: 

1. Defined Terms: Interpretation. All capitalized terms used in this Agreement (including in the recitals hereof) and not otherwise
defined herein shall have the meanings assigned to them in the Loan Agreement. 
 2. Extension of Maturity Date; Other Amendments.

 (a) The Maturity Date of the Loan, as set forth in Section 1.3 of the Loan Agreement and in Section 5 of the
Note, is hereby amended by deleting the reference therein to “July 14, 2014” and substituting therefor a reference to “July 14, 2019”. From and after the date of this Agreement, each reference in the Loan Documents to the
“Maturity Date” shall be deemed to refer to July 14, 2019. 
 (b) Section 3 of the Note shall be amended
and restated in its entirety as follows: 
  

	 	“3.	PRINCIPAL PAYMENTS. Principal shall be payable on the fifteenth (15th) day of each month (or, if such day is not a Business Day, on the next
Business Day) in installments of Thirty Thousand Fifty-eight Dollars and 331100 ($30,058.33) each, commencing October 15, 2014, and continuing up to and including June 15, 2019, with a final installment consisting of all remaining unpaid
principal due and payable in full on the Maturity Date.” 

 (c) On the date hereof, the Borrower shall also execute and deliver to Lender the
Addendum to Promissory Note Secured by Mortgage in the form of Exhibit A attached hereto, and such Addendum shall become a part of the Note. 

3. Representations, Warranties and Covenants of the Borrower Parties. The Borrower Parties hereby represent, warrant, certify and
covenant to Lender that: 
 (a) The Borrower Parties understand and hereby acknowledge all of the terms and provisions of the
Loan Documents. 
 (b) Each person executing this Agreement as a representative of the Borrower Parties has been duly
authorized and has full power to execute and deliver this Agreement on behalf of the Borrower Parties and to bind the Borrower Parties to the terms and conditions hereof and thereof. 

(c) The representations, warranties and certifications set forth herein are given with the knowledge that Lender will rely upon
the truth of the statements made herein. 
 (d) To the knowledge of Borrower Parties, no Default exists under any of the Loan
Documents and no condition or event has occurred and is continuing which after notice and/or the lapse of time would constitute a Default under the Loan Documents. 

(e) This Agreement constitutes the legal, valid and binding obligations of the Borrower Parties, as applicable, enforceable in
accordance with their terms. 
 (f) The execution and delivery of, and performance under this Agreement are within the
Borrower Parties’ power and authority without the joinder or consent of any other party and have been duly authorized by all requisite action and are not in contravention of law or the Borrower Parties’ respective organizational
agreement(s), or any indenture, agreement or undertaking to which any of the Borrower Parties is a party or by which any of them is bound. 

4. Further Assurances. The Borrower Parties, upon request from Lender, agree to execute such other and further documents as may be
reasonably necessary or appropriate to consummate the transactions contemplated herein or to perfect the liens and security interests intended to secure the payment of the Loan. 

5. Effect of Amendment; Other Provisions Unchanged. On and after the Effective Date, each reference in the Loan Agreement to “this
Agreement”, “hereunder”, “hereof’, “herein” or words of like import referring to the Loan Agreement, and each reference in the other Loan Documents to the “Loan Agreement”, “thereunder”,
“thereof’ or words of like import referring to the Loan Agreement shall mean and be a reference to the Loan Agreement, as amended by this Agreement. On and after the Effective Date, each reference in the Note to “this Note”,
“hereunder”, “hereof’, “herein” or words of like import referring to the Note, and each reference in the other Loan Documents to the “Note”, “thereunder”, “thereof’ or words of like import
referring to the Note shall mean and be a reference to the Note, as amended by this Agreement. Except as specifically provided herein, the terms and provisions of the Loan Documents shall remain unchanged and shall remain in full force and effect.
In particular, this Agreement shall each be construed as a Loan Documents. 

  
 2 

 6. Lien Status. Borrower hereby acknowledges and agrees that all liens, security
interests, mortgages and assignments granted or created by or existing under the Deeds of Trust and the other Loan Documents remain unchanged and continue, unabated, in full force and effect, to secure Borrower’s obligation to repay the Note.

 7. Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all parties hereto had
signed the same document. All such counterparts shall be construed together and shall constitute one instrument, but in making proof hereof it shall only be necessary to produce one such counterpart 

8. Severability of Provisions. If any covenant, condition, or provision herein contained is held to be invalid by final judgment of any
court of competent jurisdiction, the invalidity of such covenant, condition, or provision shall not in any way affect any other covenant, condition or provision herein contained. 

9. Time of the Essence. It is expressly agreed by the parties hereto that time is of the essence with respect to this Agreement. 

10. Representation by Counsel. The parties acknowledge and confirm that each of their respective attorneys has participated jointly in
the review and revision of this Agreement and that it has not been written solely by counsel for one party. The parties hereto therefore stipulate and agree that the rule of construction to the effect that any ambiguities are to or may be resolved
against the drafting party shall not be employed in the interpretation of this Agreement to favor either party against the other. 
 11.
Successors and Assigns. The terms and provisions hereof shall be binding upon and inure to the benefit of the parties hereto, their heirs, personal representatives, successors and assigns, including, each other person or entity which holds or
which may hereafter hold an interest in any of the Loan Documents and any person or entity which acquires all or any part of the Property including by purchase of the Property at a foreclosure sale or by acceptance of a deed in lieu of foreclosure.

 12. Paragraph Headings. The paragraph headings set forth in this Agreement are for the convenience of the parties only, and shall
in no way enlarge or limit the scope or meaning of the various and several paragraphs in this Agreement. 
 13. Governing Law. This
Agreement and the rights and duties of the parties hereunder shall be governed for all purposes by the law of the State of California and the law of the United States applicable to transactions within said State. 

14. Reaffirmation. Each of the Guarantors hereby acknowledges and agrees that the Guaranty and the other Loan Documents to which it is
a party shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Agreement. Each Guarantor acknowledges and
agrees that (i) such Guarantor is not required by the terms of the Loan 

  
 3 

 
Agreement or any other Loan Document to consent to the amendments to the Loan Agreement effected pursuant to this Agreement and (ii) nothing in the Loan Agreement, this Agreement or any
other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Loan Agreement. The Borrower and the Guarantors hereby confirm that the Maturity Date of the Loan is July 14, 2019. 

15. General Release. 

(a) Effective on the date hereof, each Borrower Party, for itself and on behalf of its successors, assigns, and officers,
directors, employees, agents and attorneys, and any Person acting for or on behalf of, or claiming through it, hereby waives, releases, remises and forever discharges Lender, each of its Affiliates, and each of its successors in title, past, present
and future officers, directors, employees, limited partners, general partners, investors, attorneys, assigns, subsidiaries, shareholders, trustees, agents and other professionals and all other Persons to whom any member of the Lender would be liable
if such Persons were found to be liable to such Borrower Party (each a “Releasee” and collectively, the “Releasees”), from any and all past, present and future claims, suits, liens, lawsuits, adverse consequences,
amounts paid in settlement, debts, deficiencies, diminution in value, disbursements, demands, obligations, liabilities, causes of action, damages, losses, costs and expenses of any kind or character, whether based in equity, law, contract, tort,
implied or express warranty, strict liability, criminal or civil statute or common law (each a “Claim” and collectively, the “Claims”), whether known or unknown, fixed or contingent, direct, indirect, or derivative,
asserted or unasserted, matured or unmatured, foreseen or unforseen, past or present, liquidated or unliquidated, suspected or unsuspected, which such Borrower Party ever had from the beginning of the world to the date hereof, now has, or might
hereafter have against any such Releasee which relates, directly or indirectly to the Loan Agreement, any other Loan Document, or to any acts or omissions of any such Releasee with respect to the Loan Agreement or any other Loan Document, or to the
lender, borrower relationship evidenced by the Loan Documents. As to each and every Claim released hereunder, each Borrower Party hereby represents that it has received the advice of legal counsel with regard to the releases contained herein, and
having been so advised, specifically waives the benefit of the provisions of Section 1542 of the Civil Code of California which provides as follows: 

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

As to each and every Claim released hereunder, each Borrower Party also waives the benefit of each other similar provision of
applicable federal or state law (including without limitation the laws of the state of California), if any, pertaining to general releases after having been advised by its legal counsel with respect thereto. 

Each Borrower Party acknowledges that it may hereafter discover facts different from or in addition to those now known or
believed to be true with respect to such Claims 

  
 4 

 
and agrees that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts. Each Borrower Party understands, acknowledges and agrees
that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of
such release. 
 (b) Each Borrower Party, for itself and on behalf of its successors, assigns, and officers, directors,
employees, agents and attorneys, and any Person acting for or on behalf of, or claiming through it, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee above that it will not sue (at law, in
equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by such Person pursuant to the above release. Each Borrower Party further agrees that it shall not dispute the validity or
enforceability of the Loan Agreement or any of the other Loan Documents or any of its obligations thereunder, or the validity, priority, enforceability or the extent of Lender’s lien on any item of collateral under the Loan Agreement or the
other Loan Documents. If any Borrower Party or any of their respective successors, assigns, or officers, directors, employees, agents or attorneys, or any Person acting for or on behalf of, or claiming through it violate the foregoing covenant, such
Person, for itself and its successors, assigns and legal representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys’ fees and costs incurred by such Releasee as a
result of such violation. 
 [Remainder of Page Intentionally Left Blank. Signature Page Follows.] 

  
 5 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the
Effective Date. 
  

			
	BORROWER:
	
	 THE ACADEMY REAL ESTATE, LLC, a

Delaware limited liability company

	
	 By: BEHAVIORAL HEALTHCARE
 REALITY,
LLC, its sole member

		
	By:	 	/s/ Michael T. Cartwright
	Name: Michael T. Cartwright
	Title: Sole Manager and Chairman
	
	GUARANTORS:
	
	/s/ Michael T. Cartwright
	MICHAEL T. CARTWRIGHT
	
	/s/ Jerrod N. Menz
	JERROD N. MENZ
	
	 AMERICAN ADDICTION CENTERS,
 INC., a
Nevada corporation

		
	By:	 	/s/ Michael T. Cartwright
	Name: Michael T. Cartwright
	Title: Chairman and Chief Executive Officer
	
	 BEHAVIORAL HEALTHCARE
 REALITY, LLC,
a Delaware limited
 liability company

		
	By:	 	/s/ Michael T. Cartwright
	Name: Michael T. Cartwright
	Title: Sole Manager and Chairman

 
			
	LENDER:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Alan Prohaska
	Name: Alan Prohaska
	Title: Vice President

 EXHIBIT A 

Addendum to Promissory Note Secured by Mortgage 

(see attached) 

 ADDENDUM TO 

PROMISSORY NOTE SECURED BY MORTGAGE 

As of April 15, 2014 

Reference is made to that certain Promissory Note Secured by Mortgage, dated May 10, 2013, executed by THE ACADEMY REAL ESTATE, LLC, a
Delaware limited liability company (“Borrower”), payable to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”) in the original principal sum of $3,607,000.00 (as amended by the Modification Agreement,
dated as of November 7, 2013, and the Consent and Amendment to Loan Agreement and Note, dated as of April IS, 2014, the “Note”). 

The Note is hereby amended by amending and restating Section 3 of the Note in its entirety as follows: 

 

	 	“3.	PRINCIPAL PAYMENTS, Principal shall be payable on the fifteenth (!51 ) day of each month (or, if such day is not a Business Day, on the next Business Day) in installments of Thirty Thousand Fifty-eight
Dollars and 33/100 ($30,058.33) each, commencing October 15, 2014, and continuing up to and including June 15, 2019, with a final installment consisting of all remaining unpaid principal due and payable in full on the Maturity Date.”

 The Note is hereby further amended by replacing “July 14, 2014” in the definition of Maturity Date in
Section 5 of the Note with “July 14, 2019”. From and after the date hereof, each reference in the Note to the “Maturity Date” shall be deemed to refer to July 14, 2019. 

When attached to the Note, this Addendum shall become a part of the Note. All references to the “Note” in the Note shall hereafter
be deemed to be references to the Note, as amended by this Addendum. The terms and provisions of the Note as modified by this Addendum shall remain in full force and effect. This Addendum shall be governed by and construed in accordance with the
laws of the State of California without regard to conflict of law principles. Any signature page to this Addendum delivered by facsimile transmission or e-mail (.pdf format) shall have the same force and effect as if the original thereof had been
delivered. 
 [Remainder of page intentionally left blank.] 

 Dated as of the date first written above: 

 

			
	BORROWER:
	
	 THE ACADEMY REAL ESTATE, LLC, a

Delaware limited liability company

	
	 By: BEHAVIORAL HEALTHCARE
 REALITY,
LLC, its sole member

		
	By:	 	/s/ Michael T. Cartwright
	Name: Michael T. Cartwright
	Title: Sole Manager and ChairmanEX-10.27

 Exhibit 10.27 
  

 
 TERM LOAN AGREEMENT 

by and among 
 AAC HOLDINGS, INC.

 as Borrower, 
 Guarantor (as
herein defined), 
 and 

RELIANT BANK, 
 as Lender 

Entered into May 2, 2014, but effective as of April 15, 2014 

 
  

 TERM LOAN AGREEMENT 

THIS TERM LOAN AGREEMENT (the “Agreement”) is entered into May 2, 2014 but effective as of April 15, 2014
(“Effective Date”), by and among 
 [i] RELIANT BANK, with offices at 1736 Carothers Parkway, Suite 100,
Brentwood, Tennessee 37027 (“Lender”); 
 [ii] AAC HOLDINGS, INC., a Nevada corporation
(“Borrower”); 
 [iii] AMERICAN ADDICTION CENTERS, INC., a Nevada corporation (“American”); 

[iv] MICHAEL T. CARTWRIGHT, an individual residing in Tennessee (“Cartwright”); 

[v] JERROD N. MENZ, an individual residing in Tennessee (“Menz”); and 

[vi] KIRK R. MANZ, an individual residing in Tennessee (“Manz;” American, Cartwright, Menz, and Manz are
collectively referred to herein as the “Guarantor”). 
 Lender, Borrower and Guarantor are collectively referred to herein
as the “Parties” and individually as a “Party.” 
 RECITALS: 

WHEREAS, Borrower desires to obtain a term loan from Lender in the principal amount of One Million Seven Hundred Thirty-one Thousand
One Hundred Sixty-four and 45/100 Dollars ($1,731,164.45); and 
 WHEREAS, Lender has agreed to make the Loan (defined herein) to
Borrower, subject to the certain terms, conditions and contingencies contained herein, for the purpose of assisting and aiding Borrower. 

AGREEMENT: 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, in further consideration of
certain other agreements and instruments entered into simultaneously herewith, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, Lender and Borrower agree as follows: 

  
 2 

 ARTICLE 1 

DEFINITIONS 
 1.1.
Definitions. As used herein, the following capitalized terms shall have the indicated meanings, unless expressly indicated otherwise: 

“Agreement” shall mean this Term Loan Agreement, as amended from time to time. 

“Borrower” shall mean Borrower as defined in the preamble of this Agreement, which Borrower shall also be deemed the
“Debtor” under the Uniform Commercial Code, and such successors and assigns thereof permitted under this Agreement by Lender. 

“Business Day” means a day, other than Saturday, Sunday, or any legal holiday, upon which Lender is open for banking business
in Nashville, Tennessee. 
 “Debtor Relief Laws” shall mean all applicable liquidation, conservatorship, bankruptcy,
moratorium, arrangement, receivership, insolvency, reorganization or similar laws or general equitable principles from time to time in effect affecting the rights of creditors generally. 

“Event of Default” or “event of default” shall mean any one of those events specified in Section 7.1
herein. 
 “GAAP” means generally accepted accounting principles as in effect from time to time in the United States,
consistently applied, as promulgated by the American Institute of Certified Public Accountants and the Financial Accounting Standards Board. 

“Guaranty” means the Continuing Guaranty of even date herewith executed and delivered by Guarantor in consideration of the
Loan. 
 “Guarantor” shall mean the Guarantor defined in the preamble of this Agreement and such successors and assigns
thereof permitted under this Agreement by Lender. 
 “Indebtedness” means all obligations, indebtedness and liabilities of
whatsoever kind, nature or description owed to Lender by or on account of Borrower and related to the Loan, whether direct or indirect, absolute or contingent, due or to become due, and whether now existing or hereafter arising or created or
acquired and howsoever evidenced, and whether joint and several or otherwise, and includes, without limitation, all further and future advances which Lender may at any time make related to any Loan Document including, without limitation, advances,
insurance payments, tax payments, payments to governmental entities or agencies, the payment of any liens, claims, or encumbrances, and payment of any filing or recording fees; and includes all reasonable costs, court costs and expenses of whatever
kind incurred by Lender in the protection, enforcement, defense or collection of the Indebtedness or the Loan Documents; all reasonable costs, expenses, and court costs and fees incurred or necessary to protect, enforce, liquidate, defend, or
collect against the Borrower, Guarantor, or any party liable or obligated for part or all of the Indebtedness; and all costs, court costs, expenses, and attorney’s fees of whatever kind incurred by the Lender related thereto. 

  
 3 

 “Lender” shall mean Lender as defined in the preamble of this Agreement, which
shall also be deemed the “Secured Party” under the Uniform Commercial Code, together with its successors and assigns. 

“Loan” shall mean the One Million Seven Hundred Thirty-one Thousand One Hundred Sixty-four and 45/100 Dollars ($1,731,164.45)
term loan being extended by Lender to Borrower pursuant to this Agreement. 
 “Loan Documents” shall mean collectively,
this Agreement, the Note, the Guaranty, the Correction and Revision Agreement of even date herewith, executed by Borrower and Guarantor, and any and all other documents made, executed, delivered or given by Borrower, Guarantor or any other Person
(or for the benefit of Borrower) in connection with the Loan and delivered to Lender to evidence the Loan or to secure the prompt payment and performance of all obligations in connection therewith. 

“Material Adverse Change” or “Material Adverse Effect” means (a) a material adverse change in, or
material adverse effect on (after considering the availability of insurance proceeds), the business, prospects, assets, liabilities or financial condition of a Borrower, taken as a whole, or (b) a material impairment of a Borrower’s
ability to perform its obligations under the Loan Documents. 
 “Maturity Date” shall mean the Maturity Date as set forth
in the Note. 
 “Note” shall mean the Term Loan Promissory Note dated of even date herewith, made by Borrower payable to
Lender evidencing Borrower’s obligation to repay the Loan, together with all amendments, changes, extensions, modifications, renewals replacements, substitutions, and supplements, thereto and thereof, as applicable, from time to time. 

“Person” includes any individual, corporation, joint venture, general or limited partnership, limited liability company,
trust, organization, association, other entity or tribunal. 
 “State” shall mean the State of Tennessee. 

“Uniform Commercial Code” or “UCC” means, at any time, the Uniform Commercial Code as in effect in the state
where a Loan Document has been filed, as from time to time amended, but shall mean as to all Loan Documents in the interpretation of this Agreement, the Uniform Commercial Code as in effect in the State. 

1.2. Other Definitional Provisions. 
  

	 	(a)	Accounting Terms. Any accounting term not specifically defined herein shall have the meaning as such term is used in accordance with GAAP consistently applied, and the determination of any accounting term,
whether or not specifically defined herein, shall be in accordance with GAAP consistently applied. 

  
 4 

	 	(b)	Banking Terms. Any banking term not specifically defined herein shall have the meaning as such term is used in accordance with customary and standard banking practices, and the determination of any banking term,
whether or not specifically defined herein, shall be in accordance therewith. 

  

	 	(c)	Other Terms. All terms and phrases used herein, but which are not subject to Sections 1.2(a) and (b) and which are not expressly defined herein or by reference to other sources, shall have the meanings
assigned to them in the Uniform Commercial Code or if an applicable definition is not contained therein, then said term shall have the meaning commonly assigned thereto. 

 

	 	(d)	All terms defined in this Agreement shall have the above defined meanings when used in this Agreement, the Note or any other Loan Documents, certificate, report or other document made or delivered pursuant to this
Agreement, unless otherwise defined therein. 

  

	 	(e)	Defined terms used herein in the singular shall include the plural and vice versa. 

  

	 	(f)	The words “hereof,” “herein,” “hereunder,” and similar terms when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; the
words “include”, “includes,” and “including” shall be deemed to be followed by “without limitation” regardless of whether such words or words of like import in fact follow same, and, unless the context clearly
indicates otherwise, the disjunctive “or” shall include the conjunctive “and.” 

 ARTICLE 2 

LOAN 
 Upon execution of
this and other required Loan Documents and upon satisfaction of the contingencies hereinafter set forth and subject to the terms, conditions, warranties and representations herein, Lender agrees to make the Loan to Borrower. The Loan is a term loan
and not a revolving credit facility, and the Loan amounts that are repaid may not be re-borrowed. The Loan shall be repaid to Lender by Borrower pursuant to the Note. 

Borrower agrees to pay the reasonable costs and expenses of Lender related to or arising from this Agreement, the Loan Documents and the
Closing (hereinafter defined) of the Loan. 
 The Lender’s records with respect to the Loan, the interest rates applicable thereto,
each payment by the Borrower of principal and interest on the Loan pursuant to the Note, the amounts paid and payable by the Borrower hereunder and under the Note, and fees, expenses, and any other amounts due and payable in connection with this
Agreement shall be presumptively correct absent manifest error or convincing evidence otherwise presented by Borrower to Lender. Within ten (10) days of receipt of a written request from Borrower, the Lender shall advise the Borrower, in
writing, of the principal and interest outstanding under the Loan as of the date of such request and the dates on which such future payments are due. In the event Borrower does not pay the full amount due under the Note based upon such written
response by Lender, such event shall not be considered a Borrower event of default under this Agreement or the Loan 

  
 5 

 
Documents so long as Borrower causes the full amount due to be paid within ten (10) days of receipt of written notice from Lender regarding the same. Borrower agrees to pay (i) a loan
origination fee equal to Seventeen Thousand Three Hundred Eleven and 65/100 Dollars ($17,311.65), and (ii) an administrative fee of Five Hundred Fifty and 00/100 Dollars ($550.00), with such fees to be paid at Closing (collectively, the
“Loan Fee”), which shall be included in the Indebtedness and payable pursuant to the Note. 
 This Agreement shall
automatically terminate upon the Borrower’s payment of the Indebtedness due under the Note, or as otherwise agreed by the Parties. 

ARTICLE 3 

REPRESENTATIONS, WARRANTIES 

AND COVENANTS 
 To induce
Lender to enter into this Agreement and extend the Loan evidenced by the Note, Borrower and/or Guarantor hereby makes the representations and warranties to Lender set forth in this Article which shall survive the date and execution hereof and
without which Lender would not enter into this Agreement and other Loan Documents and extend the credit evidenced by the Note. The representations and warranties shall be made as of the Effective Date and shall continue to be true, accurate and
complete until such time as all of the Indebtedness is paid in full or until the end of the term of this Agreement, whichever is earliest. As used herein, the phrase “to the best of Borrower’s knowledge” shall mean the actual
knowledge of Cartwright, Menz and Manz without the requirement to verify, inquire about or investigate the same. 
 3.1. Power and
Authority; Enforceability. Borrower has the power to enter into this Agreement, the Note, the Loan Documents and the power and authority to execute and deliver to Lender additional agreements and other instruments and documents relating to the
Indebtedness. This Agreement and the other Loan Documents to which the Borrower is a party have been duly executed and delivered by Borrower, and constitute the legal, valid, and binding obligations of Borrower, enforceable against Borrower in
accordance with their respective terms except as enforceability may be limited by applicable laws, Debtor Relief Laws and general principles of equity. 

3.2. No Breach. To the best of Borrower’s knowledge, the execution by Borrower of this Agreement, the Loan Documents and
the other instruments, agreements, documents and note in connection herewith, does not and shall not constitute a breach, violation of, or default under any other material agreement to which Borrower is a party. The performance by Borrower of the
obligations under this Agreement, the Loan Documents or any of the agreements and instruments executed by or on behalf of Borrower and delivered to Lender in connection with the Loan shall not constitute an event of default or breach under any other
material agreement, instrument, security filing, security agreement, or other document to which Borrower is bound. 
 3.3.
Taxes. Borrower has timely filed all federal, state and local tax returns and reports required to be filed by the Borrower and has timely paid all federal, state and local taxes owed by Borrower or for which Borrower is obligated or
liable. 
 3.4. Payment and Performance. Borrower shall pay Lender all payments when due and shall fully discharge, satisfy,
and perform all of its obligations to Lender. 

  
 6 

 3.5. Compliance with All Laws. To the best of Borrower’s knowledge, Borrower
has complied, is in compliance and shall continue to be in compliance with all local, state and federal laws, rules and regulations where failure to comply would have a Material Adverse Effect on Borrower. 

3.6. No Litigation. There is no litigation, proceeding or investigation pending or, to the best of Borrower’s knowledge,
threatened against Borrower, Guarantor or the material assets or property of Borrower or Guarantor in any court, bureau, agency or commission which would have a Material Adverse Effect on Borrower. To the best of Borrower’s knowledge, Borrower
is not in default with respect to any judgment, order, writ, injunction, restraining order, decree, rule, regulation of any applicable court, bureau, administrative agency or commission which would have a Material Adverse Effect on Borrower.
Borrower agrees to give Lender written notice, within twenty (20) days of filing, of the filing of any litigation, proceeding or investigation in any court, bureau, agency or commission that could have a Material Adverse Effect on Borrower, a
Guarantor, or the assets or property of Borrower. 
 3.7. Annual Summary of Litigation Matters to be Submitted to Lender.
Borrower agrees to provide on an annual basis within ninety (90) days after the close of each calendar year a detailed summary of all litigation matters, claims and assessments pending or served against Borrower, and said summary shall include,
but not be limited to, the identity of the parties, name of the court or agency, docket or file number, the description of the claim including the maximum monetary amount thereof and/or the possible extent of injunctive or equitable relief sought
thereunder and an estimate by counsel for Borrower of the liability of Borrower, if any. 
 3.8. Material Adverse Changes.
Borrower shall inform Lender in writing promptly of any modifications, deviations, transitions, reversals, alterations, and the like, in contracts, business ventures, or business relationships which could reasonably be expected to have a Material
Adverse Effect on the business or net worth of Borrower. 
 3.9. Financial Reporting Requirements. Borrower and Guarantor, as
applicable, agree to deliver to Lender the following: 
  

	 	(a)	Complete copies of Borrower’s federal tax returns within thirty (30) days of filing; provided, in the event an extension is filed, Borrower shall deliver a copy of the extension within thirty (30) days of
filing; 

  

	 	(b)	In a form acceptable to Lender, the personal financial statements of each Guarantor no later than April 15th of each calendar year during the term of the Loan;

  

	 	(c)	Audited financial statements of Borrower and American (including balance sheet and income statements) prepared in reasonable detail and in conformity with GAAP and applied on a basis consistent with preceding years no
later than April 15th of each calendar year during the term of the Loan; and 

  

	 	(d)	Such other and additional financial information of Borrower or Guarantor in a form acceptable to Lender as Lender reasonably may request. 

  
 7 

 All financial statements of Borrower submitted to Lender in connection with the Loan shall fairly present, in all
material respects, the financial condition and capitalization of Borrower as of the date of such financial statements. All such financial statements of Borrower shall be prepared in accordance with GAAP consistently applied (except any internally
prepared monthly financial statements delivered to Lender, as reasonably requested, are not required to contain the note disclosures required by GAAP). Every submission by Borrower to Lender of financial statements shall constitute Borrower’s
representation and warranty to Lender that no Material Adverse Changes have occurred or have been threatened or are pending since the date of Borrower’s most recent previous submission of financial statements to Lender that otherwise have not
been previously disclosed to Lender in writing. Borrower shall at no time have any liabilities, direct or contingent, except those disclosed in such financial statements. 

3.10. Reimbursement of Lender’s Additional Expenses. Borrower shall, on demand, reimburse Lender for any and all reasonable
expenses incurred, or which may be hereafter incurred, by Lender from time to time in connection with or by reason of [i] Borrower’s application for, the making of, or any modifications, renewals or extensions of, the Loan, or [ii]
Borrower’s failure to comply with Lender’s reasonable requests for information required by the Loan Documents. 
 3.11.
No Untrue Statements; No Omissions. No representation, warranty and covenant by Borrower herein, and no statement, document, certificate or other instrument or exhibit furnished or to be furnished hereunder or in connection with the Loan
contains or will contain, at any time during the term of this Agreement, any untrue statement of a material fact or omits any material fact relating to Borrower’s representations and warranties herein. All material information furnished by
Borrower to Lender in connection with the Loan Documents is and will be true and correct in all material respects or prepared in good faith based upon assumptions Borrower believes to be reasonable on the date as of which such information is
furnished. 
 3.12. Greenhouse Loan. Borrower, Guarantor and Greenhouse Real Estate, LLC agree to apply any cash proceeds
realized following a refinancing of any loan to Greenhouse Real Estate, LLC, to the principal reduction of the Note hereunder or to pay off the Note in full. 

3.13. Compliance Certificate. Borrower and/or Guarantor agrees to provide Lender with evidence that Borrower and/or Guarantor is
in compliance with all covenants provided in any loan documents executed by Borrower and/or Guarantor in connection with any loan from Wells Fargo Bank no later than the end of each quarter (“Wells Fargo Bank Covenants”). Borrower and/or
Guarantor acknowledges and agrees that if Borrower and/or Guarantor is not in compliance with any Wells Fargo Bank Covenants and fails to either cure or have such noncompliance waived within sixty (60) days of the end of such quarter, Borrower
and/or Guarantor shall be in default hereunder. 
 3.14. Change of Entity Name. Borrower shall not carry on business, trade
as, be known as, use as, incorporate or reorganize under any other name or change its legal entity or current entity name without prior written notice to Lender and the prior written consent of Lender. 

  
 8 

 ARTICLE 4 

CONDITIONS 
 The obligation
of Lender to perform hereunder and under the Loan Documents shall be subject to Borrower’s fulfillment of the following conditions to the reasonable satisfaction of Lender: 

4.1. Representations and Warranties True, Correct, and Complete. Borrower’s representations and warranties contained in
Article 3 of this Agreement and in each and every other Loan Document shall be true, correct and complete as of the date of execution hereof, the date of Closing, or the date of any disbursement of monies pursuant to this Agreement and the Loan
Documents, and shall survive the same and shall be true, correct and complete thereafter, so long as any Indebtedness exists hereunder or in connection herewith. 

4.2. Execution of Documents; Performance of Obligations. Borrower shall, at all times during the term of this Agreement, duly,
properly and with valid authority execute and deliver such Loan Documents, agreements, instruments, assignments, deeds and notes as are reasonably required by Lender (including, without limitation, those set forth in Article V) in form and
substance satisfactory to Lender. Borrower shall at all times during the term of this Agreement perform its obligations, maintain its covenants, and fulfill the conditions imposed herein. 

ARTICLE 5 
 CLOSING AND
FEES TO LENDER 
 5.1. Closing. The closing of the Loan (the “Closing”) shall take place at a date and
time mutually agreed upon by the Parties. 
 5.2. Closing Documents. Borrower shall deliver, or cause to be delivered, the
following documents at Closing executed on behalf of Borrower and/or Guarantor, as applicable: 
  

	 	(a)	This Agreement; 

  

	 	(b)	The Note; 

  

	 	(c)	The Guaranty; 

  

	 	(d)	A Borrower’s Loan Closing Certificate of even date herewith; 

  

	 	(e)	A statement itemizing the Closing fees to be paid to Lender by Borrower in accordance herewith (“Loan Settlement Statement”); 

 

	 	(f)	A Correction and Revision Agreement of even date herewith, executed by Borrower, Guarantor and Lender; and 

  

	 	(g)	Such other documents, certificates or instruments as Lender shall reasonably require as a condition to the extension of the Loan and that are customary for the nature of the transaction contemplated herein.

  
 9 

 5.3. Fees to Lender. In addition to all other amounts due pursuant to this
Agreement, Borrower agrees to pay to Lender the following pursuant to the terms of the Note: 
  

	 	(a)	The Loan Fee; 

  

	 	(b)	Those costs and expenses set forth in the Loan Settlement Statement; and 

  

	 	(c)	For the benefit of Borrower, on demand, all reasonable costs and expenses that Lender pays or incurs in connection with the negotiation, preparation, and consummation of this Agreement or any of the other Loan
Documents, including without limitation: [i] reasonable attorneys’ fees, costs, and disbursements; [ii] administrative costs and expenses related to Closing the Loan, including costs and expenses of lien searches and copies for due diligence
materials from governmental authorities or other vendors; and [iii] costs and expenses of forwarding loan proceeds. 

 All fees payable
hereunder shall be paid on the dates due to the Lender as provided in the Loan Documents, in immediately available funds without deduction, set-off, or counterclaim. None of the foregoing fees (in subsections (a)-(c) above) are refundable under
any circumstances, except as otherwise permitted at law or in equity. 
 ARTICLE 6 

INDEMNIFICATION 
 6.1.
Indemnification of Lender as to the Loan. Borrower hereby agrees to indemnify and hold harmless Lender, its successors and assigns and does hereby indemnify and hold harmless Lender, its successors and assigns, from and against any
losses, damages, expenses or liabilities, obligations, penalties, actions, judgments, suits, costs, including attorney fees and disbursements of any kind or nature whatsoever which may be imposed in, incurred by or served against Lender in any way
relating to or arising out of this Agreement, the Note, the Loan Documents or any other agreement or instrument in connection herewith, or any action taken or omitted to be taken by Lender under this Agreement, the Loan Documents or any other
agreement or instrument or other note in connection herewith (except for losses, damages, expenses or liabilities, obligations, penalties, actions, judgments, suits, costs caused by or arising from the gross negligence or intentional misconduct of
Lender), and Borrower agrees to pay Lender the maximum rate of interest permitted by law for any monies accruing or coming due hereunder. At the cost and expense of Borrower, which shall be reasonable, and with legal counsel chosen by Lender,
Borrower shall defend any and all claims relating to such indemnified matters and shall pay any judgments or decrees entered relating thereto. 

6.2. Survival. Borrower’s indemnification and holding harmless of Lender in this Article shall survive any foreclosure,
sale, taking, possession, realization, seizure or acceptance of a bill of sale and/or deed in lieu of foreclosure by Lender, and the indemnity and hold harmless in this Article shall survive the payment in full of the Indebtedness to Lender and the
release of any Borrower. 

  
 10 

 ARTICLE 7 

EVENTS OF DEFAULT 
 7.1.
Default. Upon the occurrence and during the continuance of any of the following events of default, Lender may, at its option, declare by written notice to Borrower that the principal of and interest on any note or notes of Borrower and
all Indebtedness remaining unpaid, to be immediately due and payable, all without demand, presentment, or other notice of any kind, all of which are hereby expressly waived: 

(1) Failure to pay the Indebtedness, or any part thereof, or the payment of any other sum which may be due and owing under any Loan Document
when and as the same shall become due and payable; or 
 (2) If any warranty, covenant, representation, agreement or statement made,
furnished or contained in this Agreement or in any other Loan Document be false, untrue or misleading in any material respect either at the time made or furnished or becomes false, untrue or misleading at any time thereafter during the term of this
Agreement; or 
 (3) The occurrence of an event of default or the nonperformance, nonobservance, default, breach or failure to timely
comply, perform, observe or execute in every particular the covenants, agreements, promises, obligations, warranties and conditions set out in any Loan Document or any other instrument or agreement between Borrower and Lender with respect to any
other indebtedness of Borrower owed to Lender and such default is not cured within any applicable cure period; or the occurrence of an event of default or the nonperformance, nonobservance, default, breach or failure to timely comply, perform,
observe or execute in every particular the covenants, agreements, promises, obligations, warranties and conditions set out in any other agreement with any other creditor, person, or entity, whether or not related to the Indebtedness, to which
Borrower is a party or that may materially affect any of Borrower’s assets or that may affect Borrower’s ability to pay the Indebtedness or perform under the Loan Documents; or 

(4) The filing by or against Borrower of a voluntary or involuntary petition in bankruptcy; or any such Borrower’s adjudication as a
bankrupt or insolvent; or the filing by Borrower of any petition or answer seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief for itself under any present or future
federal, state or other law or regulation relating to bankruptcy, insolvency, receivership or other relief for debtors; or the making by Borrower, of any general assignment for the benefit of creditors; or the admission in writing by Borrower, of
its inability to pay the Indebtedness as it becomes due; or the commission by Borrower, of an act of bankruptcy, unless the obligation of performance under this Agreement and/or the Loan Documents is assigned to another party acceptable to Lender;
or 
 (5) The occurrence of an event of default or the occurrence of an event which, with the passage of time or the giving of notice, or
both, would constitute an event of default under this Agreement or any other Loan Document; or 
 (6) Should a Material Adverse Change occur
in the financial condition of Borrower; or 

  
 11 

 (7) The occurrence of an event of default or the nonperformance, nonobservance, default, breach
or failure to timely comply, perform, observe or execute in every particular the covenants, agreements, promises, obligations, warranties and conditions set out in any instrument or agreement between Borrower and/or Guarantor and Wells Fargo Bank
and such default is not cured within any applicable cure period and/or waived by Lender; or 
 (8) Should any of the foregoing Events of
Default occur with respect to any endorser or any guarantor of any of the Indebtedness. 
 7.2. Lender’s Right to Pursue
Remedies. Upon the failure of Borrower to cure any default hereunder or upon the failure of Borrower to pay all Indebtedness to Lender pursuant to the Note, then Lender may pursue any and all legal and equitable remedies available to it
(including, without limitation, those available to it under this Agreement, the Note, and any other Loan Document) and said remedies shall be cumulative and shall include, but not be limited to, the sale or other disposition of any part of or all of
the property, assets and interests which are held or owned by Lender and the offset of any bank accounts and monies of Borrower on deposit with Lender and suit for a deficiency, if any, plus all reasonable attorney fees for all of same. 

ARTICLE 8 
 GENERAL
PROVISIONS 
 8.1. Notice. All notices, requests and communications shall be in writing, the sending or giving of such
notices, requests or communications shall be in writing and the sending or giving of such notices, requests or communications shall be sufficient in all respects if sent by [i] certified mail, postage fully prepaid with return receipt requested,
[ii] personal delivery, [iii] national overnight courier (e.g., FedEx or UPS) providing written evidence of receipt by addressee; or [iv] facsimile transmission. Any notice pursuant to this Section shall be mailed or delivered to the address set
forth below. Any such notice or other communication shall be deemed to have been given (whether or not actually received) three (3) business days following the day it is mailed, or on the same date it is personally delivered as aforesaid or, if
transmitted by facsimile transmission, on the day that such notice is transmitted as aforesaid or, if sent by recognized overnight carrier, on the next business day after delivery to such overnight carrier; provided, however, that any notice via
facsimile transmission received after 5:00 p.m. (local time) shall be deemed for the purposes of this Section to have been given on the next business day. Unless otherwise provided to the contrary, all notices shall be effective when sent or given
to the following addressee: 
  

							
		  	If to Lender:	 	 Reliant Bank
 1736 Carothers Parkway, Suite
100
 Brentwood, Tennessee 37027
 Attention: Stephen
Fawehinmi
 Telephone: (615) 221-2091

Email: sfawehinmi@reliantbank.com
	  	

  
 12 

							
		  	With a copy to:	 	 Bone McAllester Norton PLLC
 1600
Nashville City Center
 511 Union Street
 Nashville, Tennessee
37219
 Attention: Andrea P. Perry
 Telephone:
(615) 238-6303
 Email: aperry@bonelaw.com
	  	
				
		  	If to Borrower:	 	 AAC Holdings, Inc.
 115 East Park Drive, Second
Floor
 Brentwood, Tennessee 37027
 Attention: Michael T.
Cartwright
 Attention: Kirk R. Manz
 Telephone:
(615) 642-6429
 Email: fitrx@live.com
	  	
				
		  	With a copy to:	 	 AAC Holdings, Inc.
 115 East Park Drive, Second
Floor
 Brentwood, Tennessee 37027
 Attention: Kathryn Sevier
Phillips
 Telephone: (615) 732-1366
 Email:
ksphillips@contactaac.com
	  	
				
		  	If to Guarantor:	 	 Michael T. Cartwright
 115 East Park Drive,
Second Floor
 Brentwood, Tennessee 37027
 Telephone:
(615) 642-6429
 Email: fitrx@live.com
	  	
				
		  		 	 Jerrod N. Menz
 115 East Park Drive, Second
Floor
 Brentwood, Tennessee 37027
 Telephone:
(949) 257-6082
 Email: jmenz@contactaac.com
	  	
				
		  		 	 Kirk R. Manz
 115 East Park Drive, Second
Floor
 Brentwood, Tennessee 37027
 Telephone:
(615) 491-4274
 Email: kirk.manz@gmail.com
	  	
				
		  		 	 American Addiction Centers, Inc.
 115 East Park
Drive, Second Floor
 Brentwood, Tennessee 37027
 Attention:
Michael T. Cartwright
 Attention: Kirk R. Manz
 Telephone:
(615) 642-6429
 Email: fitrx@live.com
	  	

  
 13 

							
		  	With a copy to:	 	 American Addiction Centers, Inc.
 115 East Park
Drive, Second Floor
 Brentwood, Tennessee 37027
 Attention:
Kathryn Sevier Phillips
 Telephone: (615) 732-1366
 Email:
ksphillips@contactaac.com
	  	

 Any Party hereto may change their address for the purpose of notice hereunder by giving notice pursuant to the provisions of
this Section. 
 8.2. Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and
their respective heirs, successors and assigns. 
 8.3. Waiver. No course of dealing on the part of Lender, its officers or
employees, and no failure or delay by Lender with respect to the exercise of any right, power or privilege by Lender under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or
privilege operate as such a waiver. No waiver of default shall be effective unless in writing, signed by a duly authorized officer of Lender. No waiver of any default shall preclude any later exercise thereof or any exercise of any right, power or
privilege hereunder. No waiver of any default or forbearance on the part of Lender in enforcing any of its rights under this Agreement shall operate as a waiver of any other default or right or of the same default or right, in future occasions. 

8.4. Amendment and Waiver. This Agreement cannot be changed or terminated orally. No waiver of compliance of any provision or
condition hereof and no consent provided for herein shall be effective unless evidenced by an instrument in writing duly executed by the Party hereto sought to be charged with such waiver or consent. 

8.5. Effect of this Agreement. This Agreement sets forth the entire understanding of the Parties and supersedes any and all
prior agreements and arrangements or understandings relating to the subject matter hereof. No representation, promise, inducement or statement of intention has been made by either Party which is not embodied in this Agreement, and no Party shall be
bound by or be liable for any alleged representation, promise, inducement or statement of intent not embodied herein. 
 8.6.
Headings. The article or paragraph headings of this Agreement are for convenience of reference only and do not form a part hereof and do not in any way modify, interpret or construe the intentions or agreement of the parties. 

8.7. Time. Time is of the essence of this Agreement. 

8.8. Counterparts; Delivery by Facsimile Transmission. This Agreement may be executed by each Party upon a separate copy or
separate signature pages, and any combination of separate copies executed by all parties or including signature pages so executed will constitute a single counterpart of this Agreement. This Agreement may be executed in any number of counterparts,
each of which will be deemed to be an original, but all of which together will constitute one and the same agreement. It will not be necessary, in proving this Agreement in 

  
 14 

 
any proceeding, to produce or account for more than one counterpart of this Agreement. Delivery of an executed counterpart of this Agreement by facsimile transmission (fax) or email shall be
equally as effective as delivery of an original executed counterpart of this Agreement. Any Party delivering an executed counterpart of this Agreement by facsimile transmission or email also shall deliver an original executed counterpart of this
Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. 

8.9. Construction. The Parties acknowledge and agree that this Agreement shall be construed and enforced in accordance with the
laws of the State and of the United States of America, and the legal relations and obligations of the Parties shall be governed by said laws. 

8.10. Exclusive Forum. The Parties agree that the courts of general jurisdiction of Davidson County, Tennessee, or the United
States District Court for the Middle District of Tennessee shall have exclusive original jurisdiction for the resolution of any and all disputes arising under or relating to this Agreement, the Loan Documents or instruments and documents in
connection therewith. 
 8.11. Alterations. Any handwritten interlineation and/or handwritten additions, changes or
modifications and/or typewritten interlineations to this Agreement constitute additions, changes and modifications as they appear if the assent of all Parties hereto is evidenced by the initials of all Parties being affixed thereto in the margin or
near thereto. Insofar as there is any inconsistency or conflict between provisions, then the following provisions shall govern and control in the following order of precedence: handwritten additions, changes and modifications; handwritten
interlineation; typewritten interlineation; typewritten additions, changes or modifications; regular typewritten text. 
 [Signature
page follows.] 

  
 15 

 [Signature Page to Term Loan Agreement] 

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly and properly executed and delivered at Nashville, Davidson
County, Tennessee, as of the Effective Date. 
  

			
	 LENDER:
  

RELIANT BANK

		
	By:	 	/s/ Stephen Fawehinmi
		 	Stephen Fawehinmi, Vice President

  

			
	 BORROWER:
  

AAC HOLDINGS, INC.,
 a Nevada corporation

		
	By:	 	/s/ Kathryn Sevier Phillips
	Name:	 	Kathryn Sevier Phillips
	Title:	 	General Counsel and Secretary

  

	
	GUARANTOR:
	
	 /s/ Michael T. Cartwright

	Michael T. Cartwright, an individual
	
	 /s/ Jerrod N. Menz

	Jerrod N. Menz, an individual
	
	 /s/ Kirk R. Manz

	Kirk R. Manz, an individual

  

			
	 AMERICAN ADDICTION CENTERS, INC.,
 a
Nevada corporation

		
	By:	 	/s/ Kathryn Sevier Phillips
	Name:	 	Kathryn Sevier Phillips
	Title:	 	General Counsel and Secretary

 [Notary jurats follow.] 

  
 16 

 [Notary jurats page] 

STATE OF TENNESSEE                 ) 

COUNTY OF RUTHERFORD         ) 

Before me, the undersigned, a Notary Public of the State and County aforesaid, personally appeared Kathryn Sevier Phillips, with whom I am
personally acquainted (or proved to me on the basis of satisfactory evidence), and who, upon oath acknowledged herself to be the General Counsel and Secretary of AAC Holdings, Inc., a Nevada corporation, the within named bargainor, and that she as
General Counsel and Secretary, executed the foregoing instrument for the purpose therein contained by signing the name of the corporation by herself as General Counsel and Secretary. 

Witness my hand and notary seal this 2nd day of May, 2014. 

 

	
	/s/ Jessica R. Carrell
	Notary Public

  

			
	My commission expires: August 22, 2016	  	[Affix Notary Seal]

 *** 
 STATE OF
TENNESSEE                 ) 
 COUNTY OF
RUTHERFORD         ) 
 Before me, the undersigned, a Notary Public of the State and County
aforesaid, personally appeared Michael T. Cartwright, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), the within named bargainor, and who executed the foregoing instrument for the purpose therein
contained. 
 Witness my hand and notary seal this 2nd day of May, 2014. 

 

	
	/s/ Jessica R. Carrell
	Notary Public

  

			
	My commission expires: August 22, 2016	  	[Affix Notary Seal]

  
 17 

 STATE OF
TENNESSEE                 ) 
 COUNTY OF
RUTHERFORD         ) 
 Before me, the undersigned, a Notary Public of the State and County
aforesaid, personally appeared Jerrod N. Menz, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), the within named bargainor, and who executed the foregoing instrument for the purpose therein contained.

 Witness my hand and notary seal this 2nd day of May, 2014. 

 

	
	/s/ Jessica R. Carrell
	Notary Public

  

			
	My commission expires: August 22, 2016	  	[Affix Notary Seal]

 *** 
 STATE OF
TENNESSEE                 ) 
 COUNTY OF
RUTHERFORD         ) 
 Before me, the undersigned, a Notary Public of the State and County
aforesaid, personally appeared Kirk R. Manz, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), the within named bargainor, and who executed the foregoing instrument for the purpose therein contained. 

Witness my hand and notary seal this 2nd day of May, 2014. 

 

	
	/s/ Jessica R. Carrell
	Notary Public

  

			
	My commission expires: August 22, 2016	  	[Affix Notary Seal]

  
 18 

 STATE OF
TENNESSEE                 ) 
 COUNTY OF
RUTHERFORD         ) 
 Before me, the undersigned, a Notary Public of the State and County
aforesaid, personally appeared Kathryn Sevier Phillips, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), and who, upon oath acknowledged herself to be the General Counsel and Secretary of American
Addiction Centers, Inc., a Nevada corporation, the within named bargainor, and that she as General Counsel and Secretary, executed the foregoing instrument for the purpose therein contained by signing the name of the corporation by herself as
General Counsel and Secretary. 
 Witness my hand and notary seal this 2nd day of May,
2014. 
  

	
	/s/ Jessica R. Carrell
	Notary Public

  

			
	My commission expires: August 22, 2016	  	[Affix Notary Seal]

  
 19

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