Document:

Executive Engagement Agreement between Trimeris, Inc and Hickey & Hill, Inc

 Exhibit 10.5 
 Confidential 
 EXECUTION COPY 
 EXECUTIVE ENGAGEMENT AGREEMENT 
 THIS AGREEMENT is made and entered into
this the 2nd day of August, 2007, by and between TRIMERIS, INC., a Delaware corporation (the “Company”), HICKEY & HILL, INC. (“H&H”), and DANIEL RATTO.
(“Executive”). 
 WITNESSETH: 
 WHEREAS, H&H, Executive and the Company deem it to be in their respective best interests to enter into an agreement for H&H to continue
providing Executive’s management services to the Company pursuant to the terms herein stated; 
 NOW, THEREFORE, in consideration
of the premises and the mutual promises and agreements contained herein, it is hereby agreed as follows: 
 1. Effective Date. H&H’s
engagement under this Agreement shall be effective as of the 2nd day of August, 2007, which date shall be referred to herein as the “Effective Date.” 
 2. Position, Duties, and Limitations. 
 (a) The Company has hired H&H to provide experienced
officer services and to have one of H&H’s contractors serve as the Company’s Chief Financial Officer. Executive has been serving on H&H’s behalf as a financial consultant to the Company since March 15, 2007, and this
Agreement documents the arrangement going forward for the “Term of Engagement” (as herein defined below). While serving as Chief Financial Officer, Executive shall devote between 50% and 70% of his full business time, efforts
and attention to the performance of his duties. Executive shall have the duties, responsibilities and authority customarily incident to such offices and positions and to such other services commensurate with such positions as may be agreed to by
H&H and the Board of Directors of the Company (the “Board”), which may include services as a director or executive officer for one or more subsidiaries or affiliates of the Company. Executive shall in his capacity as an
officer of the Company be responsible to and obey the reasonable and lawful directives of the Board consistent with this Agreement and shall report directly to the Board in his officer capacity (and to H&H in his engagement capacity).

 (b) In rendering services to the Company, H&H and Executive shall act as an independent contractor and not as an employee of the
Company. The Company is interested only in the results obtained under this Agreement, and the manner and means by which the work is performed shall be under the sole and exclusive control and discretion of H&H. 

 (c) H&H retains the right to contract with other companies or entities for Executive’s or its
own consulting and management services, subject to the requirements of this Agreement. Likewise, the Company retains a reciprocal right to contract with other companies and/or individuals for consulting and management services without restriction.

 (d) H&H and Executive shall not use the Company’s trade names, trademarks, service names or servicemarks without the prior
approval of the Company, other than on behalf of the Company. 
 (e) Executive, while serving as a corporate officer and subject to the legal
obligations of such position, is authorized to transact business and incur obligations on behalf of the Company and its related or affiliated entities, except as expressly limited by the Board or by applicable law. H&H shall not have any
independent ability to transact business or incur obligations on behalf of the Company and its related or affiliated entities. 
 3. Compensation.

 Base Fees. During the Term of Engagement the Company shall pay H&H $380.00 per hour (the “Base Hourly
Fee”) for Executive’s services, upon presentation to the Company of monthly invoices for fees and out of pocket expenses. 
 4. Benefits
During the Term of Engagement. 
 (a) Executive shall not be eligible to participate in any employee benefit programs, plans, or
arrangements offered by the Company and waives any claim to any entitlement to such participation on his own behalf and that of his heirs and beneficiaries, even if his status is later reclassified retroactively by a governmental agency. 

(b) The Company shall reimburse H&H for reasonable business expenses incurred in performing Executive’s duties and promoting the business of
the Company, including, but not limited to, reasonable entertainment expenses, travel and lodging expenses in connection with Executive’s commuting to and from his out of state residence, following presentation of documentation in accordance
with the Company’s business expense reimbursement policies. 
 (c) The Company shall provide directors' and officers' liability insurance
coverage for the Executive and for any other H&H personnel who may serve as an officer or director of the Company for claims which may be asserted either during the Term of Engagement (as defined below in Section 5), or which may be
asserted after the Term of Engagement. The amount of such liability insurance shall not be less than the greater of $10,000,000 or the amount of liability insurance maintained by the Company for its then-current officers and directors. 

 

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 5. Term; Termination of Engagement. 
 As used herein, the phrase “Term of Engagement” shall mean the period beginning May 1, 2007 and ending on December 31, 2008 (the “Expiration Date”).
Notwithstanding the foregoing, the Term of Engagement shall expire on the first to occur of the following: 
 (a) Termination by the
Company. 
 (i) Notwithstanding anything to the contrary in this Agreement, whether express or implied, the Company may,
at any time, terminate H&H’s engagement and/or Executive’s service as an officer for any or no reason, other than Cause, death or Disability by giving H&H at least 90 days’ prior written notice of the effective date of
termination. In the event of Cause, death, or Disability, no prior notice of termination by the Company shall be required. Nothing in this section prevents the Company from removing Executive from service during the period, if any, between notice
and effectiveness. 
 (ii) “Cause” shall mean, by either H&H or Executive: 
 (I) fraud, misappropriation, embezzlement, or other act of material misconduct against the Company or any of its affiliates; 

(II) substantial and willful failure to perform specific and lawful written directives of the Board; 
 (III) willful and knowing violation of any rules or regulations of any governmental or regulatory body that is materially injurious to the
financial condition of the Company; 
 (IV) conviction of or plea of guilty or nolo contendere to a felony; or 
 (V) a material breach of the terms and conditions of this Agreement; 
 (VI) H&H’s termination of this Agreement prior to December 31, 2007 
 provided, however, that with regard to subclauses (II) and (V) above, H&H and Executive may not be terminated for Cause unless and
until the Board has given H&H reasonable written notice of their intended actions and specifically describing the alleged events, activities or omissions giving rise thereto and with respect to those events, activities or omissions for which a
cure is possible, 30 days to cure such breach; and provided further, however, that for purposes of determining whether any such Cause is present, no act or failure to act by H&H or Executive shall be considered “willful”
if done or omitted to be done by H&H or Executive in good faith and in the reasonable belief that such act or omission was in the best interest of the Company and/or required by applicable law. 
  

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 (iii) “Disability” shall mean disability within the meaning of
Section 22(e)(3) of the Internal Revenue Code of 1986 (the “Code”). 
 (b) Termination by H&H. 
 (i) Notwithstanding anything to the contrary in this Agreement, whether express or implied, H&H may terminate its engagement with the
Company upon at least 90 days’ advance written notice of its intention to terminate his engagement hereunder, provided that the effective date of such termination date not occur prior December 31, 2007. 
 (ii) The parties agree and acknowledge that H&H’s termination of this Agreement prior to December 31, 2007 would constitute
a breach of the Agreement. 
 (c) Further Effect of Termination on Board and Officer Positions. If H&H’s engagement ends for
any reason, Executive agrees that he will cease immediately to hold any and all officer or director positions he then has with the Company or any subsidiary, absent a contrary direction from the Board (which may include either a request to continue
such service or a direction to cease serving upon notice without regard to whether his engagement has ended), except to the extent that Executive reasonably and in good faith determines that ceasing to serve as a director would breach his fiduciary
duties to the Company. Executive hereby irrevocably appoints the Company to be his attorney to execute any documents and do anything in his name to effect his ceasing to serve as a director and officer of the Company and any subsidiary, should he
fail to resign following a request from the Company to do so. A written notification signed by a director or duly authorized officer of the Company that any instrument, document or act falls within the authority conferred by this clause will be
conclusive evidence that it does so. 
 6. Payments Upon Termination. 
 (a) Accrued Amounts and Rights. In the event of termination of engagement, H&H shall receive all Base Hourly Fees due up to the date of termination, any incurred but unreimbursed business expenses, and any
rights to indemnification and directors and officers liability insurance (the “Accrued Amounts and Rights”). 
 (b)
Termination Payments. In the event that, H&H’s engagement is terminated by the Company other than for Cause, death or Disability, H&H shall receive, the greater of the following termination payments benefits, assuming they are
positive numbers: 
  

	 	(i)	an amount equal to (the Base Hourly Fee, times the average numbers of hours worked per business day since May 1, 2007, times the number of business days between the date on
which notice of termination was delivered and December 31, 2007) less (the fees earned following the notice of termination) or 

  

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	 	(ii)	an amount equal to (the Base Hourly Fee, times the average numbers of hours worked per business day since May 1, 2007, times 90 days) less (the fees earned following the notice
of termination.) 

 Receipt of any termination benefits pursuant to this Section 6(b) are contingent upon H&H’s
and Executive’s satisfaction of the condition in subsection (c) hereof and subject to subsection (e) hereof. 
 (c)
Conditions to Receipt of Termination Payments. Upon the occurrence of an event described in 5(a)(i) above, H&H will be eligible for 6(b) Termination Payments only if H&H and Executive execute and deliver to the Company a Settlement
Agreement and Release of the Company (and its affiliates, directors, officers, employees, and agents) in the form attached, which will include a general release by H&H and Executive of known and unknown claims (other than unreleaseable claims),
a return of Company Property, and nondisparagement of the Company and the other released parties. 
 (d) Termination Events Not
Covered. Notwithstanding anything to the contrary contained herein, the Company shall not pay H&H Termination Payments under this Agreement if: 
 (i) Executive dies during the term of his engagement and H&H does not provide a replacement that the Board considers appropriate; 
 (ii) H&H’s engagement is terminated for Executive’s Disability and H&H does not provide a replacement that the Board
considers appropriate or for Cause; 
 (iii) H&H terminates its engagement with Company prior to December 31, 2007,
or Executive voluntarily ceases to provide services to the Company and H&H does not provide a replacement that the Board considers appropriate; or 
 (iv) H&H or Executive revokes its or his agreement to release the Company from any and all claims related to his engagement pursuant to the Settlement Agreement and Release executed in satisfaction of
Section 6(c) hereof. 
 (e) To the extent any compensation provided to H&H in connection with engagement termination is determined to
constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code and the Executive is a specified employee as defined in Section 409A(a)(2)(B)(i), such payment shall not be paid before the day that
is six months plus one day after the date the engagement ends (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to H&H during the period between the date the engagement ends and
the New Payment Date shall be paid to H&H in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period
originally scheduled, in accordance with the terms of 

  

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this Agreement. In any event, Company makes no representations or warranty and shall have no liability to H&H, Executive, or any other person if any
provisions of this Agreement are determined to constitute deferred compensation subject to Code Section 409A but not to satisfy the conditions of that section. 
 7. Confidential Information, Non-Solicitation and Non-Competition. 
 (a) H&H and Executive
acknowledge and agree that: 
 (i) As a result of the engagement with the Company, H&H and Executive have been and will continue to become
knowledgeable of and familiar with the Company’s Confidential Information (as defined below), including know-how related to the Company’s services, plus the special requirements or preferences of the Company’s research, development,
marketing, licensing agreements or arrangements and investor relations, so that H&H and Executive would have a competitive advantage against the Company following termination of the engagement with the Company absent the protection afforded by
the restrictive covenants in this Section 7 of the Executive Engagement Agreement (the “Restrictive Covenants”); 
 (ii) The time, territory and scope of the Restrictive Covenants are reasonable and necessary for protection of the Company’s legitimate business interests; 
 (iii) H&H and Executive have received sufficient and valuable consideration in exchange for their agreement to the Restrictive Covenants, including but not limited to the Base Hourly Fee under the Executive
Engagement Agreement and any other consideration provided to them under this Agreement; 
 (iv) H&H and Executive agree that the
non-compete covenant of Section 7(c) will not impose undue hardship on H&H or Executive or prevent H&H or Executive from being able to earn an adequate living following termination of this Agreement; 
 (v) the parties agree that the Company may request an arbitrator or court to take into account as part of an equitable or other remedy an extension of the
time period of protection provided by the Restrictive Covenants for any period of time during which H&H or Executive, as applicable, is in violation of such covenants and any period of time required for litigation to enforce such covenants and
H&H and Executive may oppose any such request, and 
 (vi) H&H and Executive have read and reviewed the Restrictive Covenants before
agreeing to the terms of this Agreement 
 (b) During the Term of Engagement and at all times thereafter, H&H and Executive shall not,
except as they deem necessary or desirable in good faith discretion to perform their duties hereunder or as required by applicable law, disclose to others or use, whether directly or indirectly, any Confidential Information regarding the Company.

  

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“Confidential Information” shall mean information about the Company, its subsidiaries and affiliates, and their respective clients
and customers that is not available to the general public or generally known in the industry and that was learned by H&H or Executive in the course of the engagement by the Company, including (without limitation) (i) any proprietary
knowledge, trade secrets, ideas, processes, formulas, cell lines, sequences, developments, designs, assays and techniques, data, formulae, and client and customer lists and all papers, resumes, records (including computer records),
(ii) information regarding plans for research, development, new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs, suppliers and customers (iii) information regarding
the skills and compensation of employees of Company and (iv) the documents containing such Confidential Information. Executive’s rolodex and similar address books shall not be deemed Confidential Information if and to the extent they
contain only the names and contact information he has personally used while engaged (or acquired prior to engagement hereunder) and no other information that would otherwise be Confidential Information. H&H and Executive acknowledge that such
Confidential Information is specialized, unique in nature and of great value to the Company, and that such information gives the Company a competitive advantage. Upon the termination of engagement for any reason whatsoever, H&H and Executive
shall promptly deliver to the Company all documents, slides, computer tapes and disks (and all copies thereof) containing any Confidential Information. 
 (c) During the Term of Engagement and for the one year thereafter, neither H&H nor Executive shall, directly or indirectly in any manner or capacity (e.g., as an advisor, principal, agent, partner, officer,
director, shareholder, employee, member of any association or otherwise) engage in, work for, consult, provide advice or assistance or otherwise participate in any activity with respect to a Competing Business, as defined below and except as
provided below, provided, however, that the “beneficial ownership” by H&H or Executive, either individually or as a member of a “group,” as such terms are used in Rule 13d of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”) of not more than five percent (5%) of the voting stock of any publicly held corporation shall not be a violation of this Agreement.
H&H and Executive agree that the market area for the Company is worldwide and that, by the nature of the business, it operates globally. H&H and Executive also expressly agree that the Company will or would suffer irreparable injury if
H&H or Executive were to compete with the Company or any subsidiary or affiliate of the Company in violation of this Agreement. 
 “Competing Business” is defined as the business of the discovery, development, testing, manufacturing, and/or marketing therapeutic components for the treatment of human viral diseases based on a viral fusion protein
target and any other business in which the Company may engage or propose to engage during the term of this Agreement, with the proposed businesses being documented by Board minutes or written Company business plans during the Term of Engagement.

  

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 (d) During the Term of Engagement and for one year thereafter, neither H&H nor Executive shall,
directly or indirectly, influence or attempt to influence customers or suppliers of the Company or any of its subsidiaries or affiliates, to divert their business to any Competing Business for which subsection (c) would prevent his engagement.

 (e) H&H and Executive recognize that they will possess confidential information about employees of the Company relating to their
education, experience, skills, abilities, compensation and benefits, and interpersonal relationships with customers of the Company. H&H and Executive recognize that the information they will possess about these other employees is not generally
known, is of substantial value to the Company in developing its business and in securing and retaining customers, and will be acquired by them because of their business positions with the Company. H&H and Executive agree that, during the Term of
Engagement (except in the good faith performance of their duties), and for a period of one year thereafter, neither will, directly or indirectly, solicit or recruit any employee of the Company for the purpose of being engaged by him or by any firm
operating a Competing Business on whose behalf either is acting as an agent, representative or employee and that neither will at any time convey any such confidential information or trade secrets about other employees of the Company to any other
person. 
 (f) H&H and Executive agree and understand that Company has received, and in the future will receive, from third parties
confidential or proprietary information (“Third Party Information”) subject to a duty on Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes. During the Term of
Engagement and thereafter, H&H and Executive will hold Third Party Information in the strictest of confidence and will not disclose (to anyone other than Company personnel who H&H or Executive in good faith determines need to know such
information in connection with their work for Company), or use, except in connection with their duties for Company, Third Party Information unless required by legal process. 
 (g) Inventions 
 (i)
Assignment. H&H and Executive hereby assign to Company all their right, title and interest in and to any and all Inventions (and all patent rights, copyright, trade secret rights and all other rights throughout the world in connection
therewith, whether or not patentable or registerable under copyright, trademark or similar statutes), together with all goodwill associated therewith, (all of the foregoing being hereinafter referred to collectively as “Proprietary
Rights”), made, conceived, reduced to practice or learned by H&H or Executive, either alone or jointly with others, during the period of engagement with Company. Inventions assigned under this Section 7 are hereinafter referred
to as “Company Inventions”. H&H and Executive agree to reasonably assist Company in every reasonably necessary way (but at Company’s expense) to obtain or enforce any patents, copyrights or any proprietary rights
relating to Company Inventions and to execute all documents and applications necessary to vest in Company's full legal title to such Company Inventions, and H&H and Executive agree to continue this assistance after the termination of the
engagement with 

  

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Company. Furthermore, H&H and Executive hereby designate and appoint Company and its officers and agents as his agents and attorneys-in-fact to execute
and file any certificates, applications or documents and to do all other lawful acts reasonably necessary in the opinion of Company to protect Company's rights in Company Inventions. H&H and Executive expressly acknowledge that the foregoing
power of attorney is coupled with an interest and is therefore irrevocable and will survive Executive’s termination of engagement, death or incompetency and H&H’s termination of engagement. 
 (ii) Government. H&H and Executive also will assign to or as directed by Company all their right, title and interest in and to any and all
Inventions, full title to which may be required to be in the United States by a contract between Company and the United States or any of its agencies. 
 (iii) Independent Inventions. Notwithstanding anything in this Agreement to the contrary, H&H’s and Executive’s obligation to assign or offer to assign their rights in an Invention to Company will
not extend or apply to an Invention that either has developed entirely on their own time without using Company's equipment, supplies, facilities or trade secret information unless such Invention: (a) relates to Company's business or actual
demonstrably anticipated research or development or (b) results from any work performed by H&H or Executive for Company. H&H or Executive will bear the burden of proof in establishing that the Invention qualifies for exclusion under
this Section 7(g)(iii). 
 (iv) Assignment of Company Inventions. H&H and Executive will reasonably assist Company in every
proper way to obtain and from time to time enforce United States and foreign Proprietary Rights related to Company Inventions in any and all countries. H&H and Executive’s obligation to reasonably assist Company with respect to Proprietary
Rights relating to such Company Inventions will continue beyond the termination of the engagement, but Company will compensate H&H at a reasonable rate after the engagement ends for the time actually spent by H&H or Executive at Company's
request on such assistance. 
 H&H and Executive hereby waive and quitclaim to Company all claims, of any nature whatsoever, that either
may or may hereafter have for infringement, including past infringements, of any Proprietary Rights assigned hereunder to Company. 
 (v)
Obligation to Keep Company Informed. During the period of the engagement, H&H and Executive will promptly disclose to Company fully and in writing, and will hold in trust for the sole right and benefit of Company, any and all Inventions.
In addition, after termination of the engagement, H&H and Executive will disclose any filing of any patent applications by them or on their behalf within a year after termination of such engagement. 
  

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 (vi) Prior Inventions. Inventions, if any, patented or unpatented, which H&H or Executive made
prior to commencement of engagement with Company are excluded from the scope of this Agreement. To preclude any possible uncertainty, H&H and Executive have set forth on the attached Exhibit A, a complete list of all Inventions that each
has, alone or jointly with others, conceived, developed or reduced to practice or caused to be conceived, developed or reduced to practice prior to the commencement of or during the engagement with Company, that either considers to be its or
his property or the property of the third parties, and that H&H or Executive wishes to have excluded from the scope of this Agreement. If disclosure of any such Invention on Exhibit A would cause H&H or Executive to violate any prior
confidentiality agreement with another party, H&H and Executive understand that they are not to list such Inventions in Exhibit A but that H&H and Executive are to inform Company in writing that all such Inventions have not been
listed for that reason. 
 If it is determined by a court of competent jurisdiction in any state that any restriction in this Section 7
is excessive in duration or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent
permitted by the law of that state. 
 8. Return of Company Documents. When the engagement ends or upon earlier request by the Company, H&H and
Executive agree to deliver to Company any and all laboratory notebooks, drawings, notes, memoranda, specifications, devices, software, databases, formulas, molecules, cells and documents, together with all copies thereof, and any other material
containing or disclosing any Company Inventions, Third Party Information or Confidential Information of Company. H&H and Executive further agree that any property situated on Company’s premises and owned by Company including disks and other
storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time, with or without notice, for the purpose of protecting Company’s rights and interests in its intellectual property. 
 9. Independent Contractor Status. H&H is responsible for the Federal, state and local taxes, including all employment taxes, withholding, and social security
payments for Executive and any other employee(s) performing consultant services under this Agreement, and for complying with all applicable Federal, state and local laws, ordinances, and regulations that are now or in the future may become
applicable to this Agreement and the services provided hereunder, including but not limited to, complying with all applicable rules and regulations of the State of North Carolina. H&H shall have the right to control and determine the time,
methods, manner and means of performing the services. In performing the services on H&H’s behalf, the amount of time devoted by Executive on any given day will be entirely within Executive’s control, and the Company will rely on
H&H and Executive to put in the number of hours as are necessary to fulfill the requirements of the Agreement. 
  

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 10. Miscellaneous. This Agreement shall also be subject to the following miscellaneous considerations: 

(a) H&H, Executive, and the Company each represent and warrant to the others that he or it has the authorization, power and right to deliver,
execute, and fully perform his or its obligations under this Agreement in accordance with its terms. 
 (b) This Agreement (including the
attached Exhibits) contains a complete statement of all the arrangements between the parties with respect to the engagement by the Company. This Agreement supersedes all prior and existing negotiations and agreements between the parties
concerning the engagement. This Agreement can only be changed or modified pursuant to a written instrument duly executed by each of the parties hereto. 
 (c) If any provision of this Agreement or any portion thereof is declared invalid, illegal, or incapable of being enforced by any court of competent jurisdiction, the remainder of such provisions and all of the
remaining provisions of this Agreement shall continue in full force and effect. 
 (d) This Agreement shall be governed by and construed in
accordance with the internal, domestic laws of the State of North Carolina. 
 (e) The Company may assign this Agreement to any parent of the
Company that owns all of the stock of the Company. The Company may only assign this Agreement to a successor (whether by merger, consolidation, purchase or otherwise) of all or substantially all of the stock, assets or business of the Company and
this Agreement shall be binding upon and inure to the benefit of such successors and assigns, provided that such successor promptly delivers to H&H a written assumption of the obligations hereunder. Except as expressly provided herein, neither
H&H nor Executive may sell, transfer, assign, or pledge any of their rights or interests pursuant to this Agreement. 
 (f) For the
purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or by overnight service or delivered or mailed by United States
certified or registered mail, return receipt requested, postage prepaid, addressed to the Company at its executive office or H&H or the Executive at the address on the records of the Company; provided that all notices to the Company shall be
directed to the attention of the Chairman of the Board of Directors with a copy to the Secretary of the Company, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change
of address shall be effective only upon receipt. 
 (h) Section headings in this Agreement are included herein for convenience of reference
only and shall not constitute a part of this Agreement for any other purpose. 
 (i) Failure to insist upon strict compliance with any of the
terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor 

  

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shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a
waiver or relinquishment of such right or power at any other time or times. 
 (j) This Agreement may be executed in several counterparts,
each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 (k) H&H and
Executive acknowledge that no representation, promise or inducement has been made other than as set forth in the Agreement, and that neither enters into this Agreement in reliance upon any representation, promise or inducement not set forth herein.
The Agreement supersedes all prior negotiations and understandings of any kind with respect to the subject matter and contains all of the terms and provisions of the agreement between H&H or Executive and the Company with respect to the subject
matter hereof. Any representation, promise or condition, whether written or oral, not specifically incorporated herein, shall be of no binding effect. 
 11.
Legal and Equitable Remedies. Because H&H’s and Executive’s services are personal and unique, and because each will have access to and become acquainted with Proprietary Rights, Company Inventions and Confidential Information of
Company, Company will have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief in any court of competent jurisdiction, without prejudice to any other rights and remedies that
Company may have for a breach of this Agreement. 
 12. Survival of Provisions. The executory provisions of this Agreement will survive the
termination of this Agreement or the assignment of this Agreement by Company to any successor in interest or other assignee. 
 13. Resolution of
Disputes. Except as otherwise specifically provided in Section 11 above, any dispute or controversy arising under or in connection with this Agreement and/or the Severance Agreement shall be settled exclusively by arbitration administered
by the American Arbitration Association and conducted before one arbitrator in Raleigh, Wake County, North Carolina, all in accordance with its Commercial Arbitration rules then in effect. The Company and Executive hereby agree that the arbitrator
will not have the authority to award punitive damages, damages for emotional distress or any other damages that are not contractual in nature. Judgment shall be final and binding upon the parties and judgment may be entered on the arbitrator’s
award in any court having jurisdiction; provided, however, that the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any violation or the continuation thereof, of the
provisions of Section 7 of this Agreement, and H&H and Executive consent that such restraining order or injunction may be granted without the necessity of the Company’s posting any bond except to the extent otherwise required by
applicable law. 
 14. Legal Fees. In the event of any dispute in connection with this Agreement, including the Severance Agreement, if the arbitrator
or judge, as the case may be, determines that the Executive has prevailed in such dispute, the Executive shall be awarded his reasonable legal 

  

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fees, disbursements and costs; provided that if the arbitrator or judge determines that the Company has prevailed and that the dispute by the Executive was
frivolous or brought in bad faith, the Company shall instead be awarded its reasonable legal fees, disbursements and costs. 
 15. Indemnification.
H&H agrees to defend, save and hold harmless the Company, its stockholders, officers, directors, agents and employees from all claims and causes of action by H&H employees, suppliers, contractors, subcontractors, or any others, including
Executive, that H&H employs in performance of this Agreement, as well as any claims by any federal, state or local government agency, whether on account of withholding of employment taxes or any other claim or cause arising out of H&H’s
or Executive’s relationship with any of the foregoing. 
 Signatures on Page Following 
  

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

									
	HICKEY & HILL, INC.	 		 	TRIMERIS, INC.
					
	By:	 	 /s/ E. Lawrence Hill, Jr.
	 		 	By:	 	 /s/ Jeffrey M. Lipton

	Name:	 	E. Lawrence Hill, Jr.	 		 	Name:	 	Jeffrey M. Lipton
		 	President	 		 	Title:	 	Chairman of the Board
				
	EXECUTIVE	 		 		 	
					
	By:	 	 /s/ Daniel Ratto
	 		 		 	
	Name:	 	Daniel Ratto	 		 		 	

  

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 EXHIBIT A 
 TO 
 EXECUTIVE ENGAGEMENT AGREEMENT 
 The following is a complete list of all inventions or improvements relevant to the subject matter of H&H’s engagement by Company that have been made or
conceived or first reduced to practice by H&H or Executive alone or jointly with others prior to H&H’s engagement by Company and therefore should be excluded from the coverage of this Agreement: 
  

			
	  
	  	Additional sheets attached.
		
	 x
	  	No pertinent inventions or improvements.
		
	  
	  	Due to confidentiality agreements with one or more prior employers, H&H or Executive cannot disclose certain inventions that would otherwise be included on the above-described
list.

 H&H and/or Executive propose to bring to my engagement the following devices, materials and documents of a
former employer or other person to whom I have an obligation of confidentiality and that are not generally available to the public. These materials and documents may be used in the engagement pursuant to the express written authorization of the
former employer or such other person (a copy of which is attached hereto). If no such authorization is in place, H&H and Executive will consult with Company management to determine what steps should be taken to protect the interests of all
parties concerned. 

	
	  

	  

	  

	  

  

			
	  
	  	Additional sheets attached.
		
	 x
	  	No material.

  

			
	 HICKEY & HILL, INC.

		
	 By:
	 	 /s/ Larry Hill

	
	EXECUTIVE:
	
	 /s/ Daniel Ratto

	Daniel Ratto
		
	Date:	 	8/2/07

  

 Page 15 

 ATTACHMENT TO EXHIBIT A 
 (PRIOR INVENTIONS) – HICKEY & HILL, INC. 
 NONE 
  

 Page 16 

 ATTACHMENT TO EXHIBIT A 
 (PRIOR INVENTIONS) – DANIEL RATTO. 
 NONE 
  

 Page 17Supplemental Indenture

 EXHIBIT 4.1 
 SUPPLEMENTAL INDENTURE 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as
of May 10, 2007, by and among the entities listed on Annex A hereto (each, a “Guaranteeing Subsidiary” and collectively, the “Guaranteeing Subsidiaries”), Ventas Realty, Limited Partnership, a Delaware
limited partnership, and Ventas Capital Corporation, a Delaware corporation (collectively, the “Issuers”), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under
the Indenture referred to herein (the “Trustee”). 
 WITNESSETH 
 WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an Indenture dated as
of April 17, 2002, as supplemented by the Supplemental Indenture dated as of October 11, 2002, the Supplemental Indenture dated as of November 25, 2002, the Supplemental Indenture dated as of February 20, 2004, the Supplemental
Indenture dated as of June 1, 2004, the Supplemental Indenture dated as of December 15, 2004, the Supplemental Indenture dated as of April 4, 2005, the Supplemental Indenture dated as of June 7, 2005, the Supplemental Indenture
dated as of June 21, 2005, the Supplemental Indenture dated as of September 14, 2005, the Supplemental Indenture dated as of December 21, 2005 and the Supplemental Indenture dated as of November 21, 2006 (as so supplemented, the
“Indenture”), providing for the issuance of 8 3/4% Senior Notes due 2009 (the
“Notes”); 
 WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary shall
execute and deliver to the Trustee a supplemental indenture pursuant to which such Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuers’ Obligations (as defined in the Indenture) under the Notes and the Indenture on the
terms and conditions set forth herein (a “Note Guarantee”); and 
 WHEREAS, pursuant to Section 9.01 of the Indenture,
the Trustee is authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for
other good and valuable consideration, the receipt of which is hereby acknowledged, each Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 
 2. AGREEMENT TO GUARANTEE. Each Guaranteeing Subsidiary hereby agrees as follows: 
 (a) Subject to Article 10 of the Indenture, such Guaranteeing Subsidiary hereby, jointly and severally with all other Guarantors,
unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the
Issuers thereunder, that: 
 (i) the principal of, and premium and Liquidated Damages, if any, and interest on the Notes will
be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful, and all other obligations of the Issuers to the Holders or the
Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

 (ii) in case of any extension of time of payment or renewal of any Notes or any of such
other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 
 Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly
and severally obligated to pay the same immediately. 
 (b) The obligations hereunder shall be unconditional, irrespective of
the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery of any judgment
against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor, other than payment in full of all obligations under the Notes. 
 (c) The following is hereby waived: diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever. 
 (d) This Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture, and such Guaranteeing Subsidiary hereby accepts all obligations of a Guarantor under the Indenture.

 (e) If any Holder or the Trustee is required by any court or otherwise to return to the Issuers, the Guarantors or any
custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore discharged, shall be
reinstated in full force and effect. 
 (f) Such Guaranteeing Subsidiary shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 
  

 2 

 (g) As between the Guarantors, on the one hand, and the Holders and the Trustee, on the
other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable)
shall forthwith become due and payable by the Guarantors for the purpose of this Note Guarantee. 
 (h) The Guarantors shall
have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantees. 
 (i) In accordance with Section 10.02 of the Indenture, after giving effect to any maximum amount and all other contingent and
fixed liabilities that are relevant under any applicable Bankruptcy Law or fraudulent conveyance law, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in
respect of the obligations of such other Guarantor under Article 10 of the Indenture, this Note Guarantee shall be limited to the maximum amount permissible such that the obligations of such Guaranteeing Subsidiary under this Note Guarantee
will not constitute a fraudulent transfer or conveyance. 
 3. EXECUTION AND DELIVERY. Each Guaranteeing Subsidiary agrees that this Note
Guarantee shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
 4.
GUARANTEEING SUBSIDIARIES MAY CONSOLIDATE, ETC. ON CERTAIN TERMS. 
 (a) No Guaranteeing Subsidiary may sell or otherwise
dispose of all or substantially all of its assets to, or consolidate with or merge with or into (whether or not such Guaranteeing Subsidiary is the surviving Person) another Person, other than the Issuers or another Guarantor unless: 
 (i) immediately after giving effect to that transaction, no Default or Event of Default exists; and 
 (ii) subject to Section 10.05 of the Indenture, the Person acquiring the property in any such sale or disposition or the
Person formed by or surviving any such consolidation or merger assumes all of the obligations of that Guaranteeing Subsidiary under the Indenture, this Note Guarantee and the Registration Rights Agreement pursuant to a supplemental indenture in form
and substance reasonably satisfactory to the Trustee. 
 (b) In case of any such consolidation, merger, sale or conveyance and
upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of this Note Guarantee 

  

 3 

 
endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of the Indenture to be performed by the Guaranteeing
Subsidiary, such successor Person shall succeed to and be substituted for the Guaranteeing Subsidiary with the same effect as if it had been named herein as a Guaranteeing Subsidiary. Such successor Person thereupon may cause to be signed any or all
of the Note Guarantees to be endorsed upon all of the Notes issuable under the Indenture which theretofore shall not have been signed by the Issuers and delivered to the Trustee. All the Note Guarantees so issued shall in all respects have the same
legal rank and benefit under the Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of the Indenture as though all of such Note Guarantees had been issued at the date of the execution hereof. 

(c) Except as set forth in Articles 4 and 5 and Section 10.04 of the Indenture, and notwithstanding clauses
(a) and (b) above, nothing contained in the Indenture or in any of the Notes shall prevent any consolidation or merger of a Guaranteeing Subsidiary with or into the Issuers or another Guarantor, or shall prevent any sale or conveyance of
the property of a Guaranteeing Subsidiary as an entirety or substantially as an entirety to the Issuers or another Guarantor. 
 5. RELEASES.

 (a) The Note Guarantee of a Guaranteeing Subsidiary shall be released, and any Person acquiring assets (including by way of
merger or consolidation) or Capital Stock of a Guaranteeing Subsidiary under those circumstances specified in the Indenture shall not be required to assume the obligations of such Guaranteeing Subsidiary, in each case in accordance with the
provisions of Section 10.05 of the Indenture. Upon delivery by the Issuers to the Trustee of an Officers’ Certificate and an Opinion of Counsel stating that the provisions of Section 10.05 of the Indenture have been
complied with, the Trustee shall execute any documents reasonably required in order to evidence the release of a Guaranteeing Subsidiary from its obligations under this Note Guarantee. 
 (b) Any Guaranteeing Subsidiary not released from its obligations under this Note Guarantee shall remain liable for the full amount of
principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in Article 10 of the Indenture. 
 6. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the
Issuers or any Guaranteeing Subsidiary under the Notes, this Note Guarantee, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by
accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of
the Commission that such a waiver is against public policy. 
  

 4 

 7. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE
THIS SUPPLEMENTAL INDENTURE AND NOTE GUARANTEE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 8. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. 
 9. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect
the construction hereof. 
 10. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity
or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Issuers. 
  

 5 

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

					
	GUARANTEEING SUBSIDIARIES:
	
	Ventas MOB Holdings, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas Nexcore Holding, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas Broadway MOB, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas Casper Holdings, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Ontario III, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer

					
	
	 SZR Mississauga Inc.

		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Lynn Valley, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Markham Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Beacon Hill, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Richmond Hill Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Ontario II, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer

					
	
	 Ventas Grantor Trust #2

		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Windsor Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Oakville Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Vancouver, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Sunrise of Vancouver Limited
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR of Burlington Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer

					
	
	Ventas Grantor Trust #1
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Holdings, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Ventas SSL Holdings, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	Sunrise REIT US Holdings, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Willowbrook, LLC
			
		 	By:	 	SZR US Investments, Inc., its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer

					
	
	SZR Columbia, LLC
			
		 	By:	 	SZR US Investments, Inc., its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR Norwood, LLC
			
		 	By:	 	SZR US Investments, Inc., its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR Rockville, LLC
			
		 	By:	 	SZR US Investments, Inc., its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR San Mateo, LLC
			
		 	By:	 	SZR US Investments, Inc., its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR US Investments, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer

					
	
	SZR US Finance, Inc.
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR US UPREIT THREE, LLC
		
	By:	 	 /s/ Richard A. Schweinhart

	Name:	 	Richard A. Schweinhart
	Title:	 	President and Chief Financial Officer
	
	SZR Lincoln Park, LLC
			
		 	By:	 	SZR US UPREIT THREE, LLC, its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR North Hills, LLC
			
		 	By:	 	SZR US UPREIT THREE, LLC, its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer
	
	SZR Westlake Village LLC
			
		 	By:	 	SZR US UPREIT THREE, LLC, its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer

					
	
	 SZR Yorba Linda, LLC

			
		 	By:	 	SZR US UPREIT THREE, LLC, its Sole Member
			
		 	By:	 	 /s/ Richard A. Schweinhart

		 	Name:	 	Richard A. Schweinhart
		 	Title:	 	President and Chief Financial Officer

					
	
	ISSUERS:
	
	Ventas Realty, Limited Partnership
			
		 	By:	 	Ventas, Inc., its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary
	
	Ventas Capital Corporation
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	EXISTING GUARANTORS:
	
	Ventas, Inc.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary
	
	Ventas LP Realty, L.L.C.
			
		 	By:	 	Ventas, Inc., its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary

					
	
	Ventas Healthcare Properties, Inc.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Ventas TRS, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President
	
	Ventas Framingham, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Ventas Management, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	ElderTrust
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary

					
	
	ElderTrust Operating Limited Partnership
			
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Capital Corp.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary
	
	ET Sub-Berkshire Limited Partnership
			
		 	By:	 	ET Berkshire, LLC, its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Berkshire, LLC
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary

					
	
	 Cabot ALF, L.L.C.

			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	Cleveland ALF, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Heritage Woods, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Highgate, L.P.
			
		 	By:	 	ET GENPAR, L.L.C., its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary

					
	
	ET GENPAR, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Lacey I, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Lehigh Limited Partnership
			
		 	By:	 	ET Lehigh, LLC, its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Lehigh, LLC
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary

					
	
	ET Sub-Lopatcong, L.L.C.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary
	
	ET Sub-Pennsburg Manor Limited Partnership, L.L.P.
			
		 	By:	 	ET Pennsburg Finance, L.L.C., its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Pennsburg Finance, L.L.C.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary
	
	ET Sub-Phillipsburg I, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited
		 		 	Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Pleasant View, L.L.C.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary

					
	
	ET Sub-Rittenhouse Limited Partnership, L.L.P.
			
		 	By:	 	ET GENPAR, L.L.C., its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Riverview Ridge Limited Partnership, L.L.P.
			
		 	By:	 	ET GENPAR, L.L.C., its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Sanatoga Limited Partnership
			
		 	By:	 	ET Sanatoga, LLC, its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary

					
	
	 ET Sanatoga, LLC

			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-SMOB, L.L.C.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary
	
	Vernon ALF, L.L.C.
			
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Sub-Willowbrook Limited Partnership, L.L.P.
			
		 	By:	 	ET GENPAR, L.L.C., its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary

					
	
	ET Sub-Wayne I Limited Partnership, L.L.P.
			
		 	By:	 	ET Wayne Finance, L.L.C., its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	ET Wayne Finance, L.L.C.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Secretary
	
	ET Wayne Finance, Inc.
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Chairman, Executive Vice President and Secretary
	
	Ventas Sun LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Ventas Cal Sun LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	Ventas Provident, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	PSLT GP, LLC
			
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	PSLT OP, L.P.
			
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	PSLT-BLC Properties Holdings, LLC
			
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	Brookdale Living Communities of Arizona-EM, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of California, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of California-RC, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	Brookdale Living Communities of California-San Marcos, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of Illinois-2960, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of Illinois-II, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	BLC of California-San Marcos, L.P.
			
		 	By:	 	Brookdale Living Communities of California-San Marcos, LLC, its General Partner
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Holdings, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of Indiana-OL, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	Brookdale Living Communities of Massachusetts-RB, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of Minnesota, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	Brookdale Living Communities of New York-GB, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	Brookdale Living Communities of Washington-PP, LLC
			
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	The Ponds of Pembroke Limited Partnership
			
		 	By:	 	Brookdale Holdings, LLC, its General Partner
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	River Oaks Partners
			
		 	By:	 	Brookdale Holdings, LLC, its General Partner
		 	By:	 	PSLT-BLC Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

					
	
	PSLT-ALS Properties Holdings, LLC
			
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	PSLT-ALS Properties I, LLC
			
		 	By:	 	PSLT-ALS Properties Holdings, LLC, its Sole Member
		 	By:	 	PSLT OP, L.P., its Sole Member
		 	By:	 	PSLT GP, LLC, its General Partner
		 	By:	 	Ventas Provident, LLC, its Sole Member
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary
	
	ET Sub-Woodbridge, L.P.
			
		 	By:	 	ET GENPAR, L.L.C., its General Partner
		 	By:	 	ElderTrust Operating Limited Partnership, its Sole Member
		 	By:	 	ElderTrust, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Secretary
	
	VSCRE Holdings, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	United Rehab Realty Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Martinsburg Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Ontario Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Medina Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Washington Township Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	EC Lebanon Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	EC Hamilton Place Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	EC Timberlin Parc Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	EC Halcyon Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Altoona Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	BCC Altoona Realty GP, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Altoona Realty, LP
			
		 	By:	 	BCC Altoona Realty GP, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Reading Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Reading Realty GP, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	BCC Reading Realty, LP
			
		 	By:	 	BCC Reading Realty GP, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Berwick Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Berwick Realty GP, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Berwick Realty, LP
			
		 	By:	 	BCC Berwick Realty GP, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	BCC Lewistown Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Lewistown Realty GP, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Lewistown Realty, LP
			
		 	By:	 	BCC Lewistown Realty GP, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC State College Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC State College Realty GP, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	BCC State College Realty, LP
			
		 	By:	 	BCC State College Realty GP, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	South Beaver Realty Holdings, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC South Beaver Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Shippensburg Realty Holdings, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	BCC Shippensburg Realty, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	IPC (AP) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	AL (AP) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Allison Park Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Allison Park Nominee, LP
			
		 	By:	 	Allison Park Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	IPC (HCN) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	AL (HCN) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Bloomsburg Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Bloomsburg Nominee, LP
			
		 	By:	 	Bloomsburg Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Sagamore Hills Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	Sagamore Hills Nominee, LP
			
		 	By:	 	Sagamore Hills Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lebanon Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lebanon Nominee, LP
			
		 	By:	 	Lebanon Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Saxonburg Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	Saxonburg Nominee, LP
			
		 	By:	 	Saxonburg Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Loyalsock Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Loyalsock Nominee, LP
			
		 	By:	 	Loyalsock Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	IPC (MT) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	AL (MT) Holding, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lewisburg Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lewisburg Nominee, LP
			
		 	By:	 	Lewisburg Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Hendersonville Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	Hendersonville Nominee, LP
			
		 	By:	 	Hendersonville Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lima Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Lima Nominee, LP
			
		 	By:	 	Lima Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Kingsport Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	Kingsport Nominee, LP
			
		 	By:	 	Kingsport Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Xenia Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Xenia Nominee, LP
			
		 	By:	 	Xenia Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Knoxville Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	Knoxville Nominee, LP
			
		 	By:	 	Knoxville Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Chippewa Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Chippewa Nominee, LP
			
		 	By:	 	Chippewa Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary
	
	Dillsburg Nominee, LLC
		
	By:	 	 /s/ T. Richard Riney

	Name:	 	T. Richard Riney
	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	 Dillsburg Nominee, LP

			
		 	By:	 	Dillsburg Nominee, LLC, its General Partner
			
		 	By:	 	 /s/ T. Richard Riney

		 	Name:	 	T. Richard Riney
		 	Title:	 	Executive Vice President, General Counsel and Secretary

					
	
	TRUSTEE:
	
	U.S. Bank National Association
		
	By:	 	 /s/ Robert T. Jones

	Name:	 	Robert T. Jones
	Title:	 	Vice President & Trust Officer

 ANNEX A 
 GUARANTEEING SUBSIDIARIES 
  

			
	 Name
	 	 Place of Organization
 or Formation

	 Ventas MOB Holdings, LLC
	 	Delaware
	 Ventas Nexcore Holding, LLC
	 	Delaware
	 Ventas Broadway MOB, LLC
	 	Delaware
	 Ventas Casper Holdings, LLC
	 	Delaware
	 Ventas SSL Ontario III, Inc.
	 	Ontario
	 SZR Mississauga Inc.
	 	Ontario
	 Ventas SSL Lynn Valley, Inc.
	 	Ontario
	 SZR Markham Inc.
	 	Ontario
	 Ventas SSL Beacon Hill, Inc.
	 	Ontario
	 SZR Richmond Hill Inc.
	 	Ontario
	 Ventas SSL Ontario II, Inc.
	 	Ontario
	 Ventas Grantor Trust #2
	 	Delaware
	 SZR Windsor Inc.
	 	Ontario
	 SZR Oakville Inc.
	 	Ontario
	 Ventas SSL Vancouver, Inc.
	 	Ontario
	 Sunrise of Vancouver Limited
	 	Jersey
	 SZR of Burlington Inc.
	 	Ontario
	 Ventas Grantor Trust #1
	 	Delaware
	 Ventas SSL, Inc.
	 	Delaware
	 Ventas SSL Holdings, Inc.
	 	Delaware
	 Ventas SSL Holdings, LLC
	 	Delaware
	 Sunrise REIT US Holdings, Inc.
	 	Delaware
	 SZR Willowbrook, LLC
	 	Delaware
	 SZR US UPREIT THREE, LLC
	 	Delaware
	 SZR Lincoln Park, LLC
	 	Delaware
	 SZR North Hills, LLC
	 	Delaware
	 SZR Westlake Village LLC
	 	Delaware
	 SZR Yorba Linda, LLC
	 	Delaware

			
	 Name
	 	 Place of Organization
 or Formation

	 SZR Columbia, LLC
	 	Delaware
	 SZR Norwood, LLC
	 	Delaware
	 SZR Rockville, LLC
	 	Delaware
	 SZR San Mateo, LLC
	 	Delaware
	 SZR US Finance, Inc.
	 	Delaware
	 SZR US Investments, Inc.
	 	Delaware

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]