Document:

bspe_ex1005.htm

Exhibit 10.05

SUBORDINATION AGREEMENT

 

THIS SUBORDINATION AGREEMENT (the “Agreement”) made this 20th day of July, 2012, by and between Silver Bullet Property Holdings SDN BHD (the “First Secured Party”) and KP-Rahr Venture III, LLC (the “Second Secured Party”).  The First Secured Party and the Second Secured Party are herein each a “Party” and collectively, the “Parties.”

 

WHEREAS, on November 19, 2010, Blacksands Petroleum, Inc. (the “Borrower”) entered into a loan agreement with First Secured Party for a promissory note totaling $1,500,000 (the “Note”);

 

WHEREAS, on September 27, 2011, the Borrower entered into an allonge to the Note (the “Allonge”) issued by the Borrower to the First Secured Party, which Allonge amended the maturity date of the Note and the First Secured Party loaned the Borrower an additional $1,000,000;

 

WHEREAS, on April 9, 2012, the Borrower entered into an second allonge to the Note (the “Second Allonge”) issued by the Borrower to the First Secured Party, which Allonge amended the maturity date of the Note and the First Secured Party loaned the Borrow an additional $500,000;

 

WHEREAS, in connection with the Allonge, the Borrower and First Secured Party entered into a security agreement, dated September 27, 2011, as security for the repayment of the Note, the Borrower granted the First Secured Party a first priority lien on the Borrower’s oil and gas rights and/or oil and gas mineral leases in the Apclark Field, more particularly described T-4N, Block 31, TNPRR Co. Survey, Borden County, Texas (the “Collateral”);

 

WHEREAS, the Borrower and Second Secured Party intend to enter into a series of transactions (the “Transaction”) whereby the Collateral will be contributed to Blacksands-APClark, LLC, a wholly-owned subsidiary of the Borrower (the “Subsidiary”) and the Second Secured Party will contribute $7,600,000 to the Subsidiary (the “Capital Contribution”);

 

WHEREAS, the Second Secured Party has agreed to enter into the Transaction and make the Capital Contribution only upon the condition that it receive a first priority security interest in the Collateral until such time as the Capital Contribution and a 12% per annum preferred return (the "Second Secured Party Contribution”) are paid, and the First Secured Party has agreed to subordinate to the Second Secured Party until the Second Secured Party Contribution is repaid in full;

 

NOW, THEREFORE, for Ten Dollars ($10.00) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree and covenant to the following:

1.           Any and all liens of the First Secured Party on the Collateral shall be and the sane are now expressly subordinated and made subject and subsequent to the liens of the Second Secured Party with respect to the Collateral.  Additionally, any and all claims of the First Secured Party against the Borrower or Subsidiary, now or hereafter existing, are, and shall be at all times, subject and subordinate to any and all claims which the Second Secured Party may have against the Borrower or Subsidiary, arising from or related to the Transaction or otherwise, for the Second Secured Party
Contribution. The First Secured Party hereby agrees to execute, acknowledge and deliver to the Second Secured Party such instruments as necessary to effectuate the purpose of this subordination.

 

	SUBORDINATION AGREEMENT	(Page 1 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

2.           The First Secured Party agrees not to commence or threaten to commence any action or proceeding, sue upon, or to collect, or to receive payment of the principal or interest of any claim or claims now or hereafter existing which such First Secured Party may hold against the Borrower or Subsidiary, and not to sell, assign, transfer, pledge, hypothecate, or encumber such claim or claims except subject expressly to this Agreement, and not to enforce or apply any security now or hereafter existing therefor, nor to file or join in any petition to commence any proceeding under the Bankruptcy Code, nor to
take any lien or security on any of the Borrower or Subsidiary’s property, real or personal, until ninety-one (91) days following the date all claims of Second Secured Party against the Borrower or Subsidiary have been indefeasibly satisfied in full.

3.           In case of any assignment for the benefit of the First Secured Party by the Borrower or Subsidiary or in case any proceedings under the Bankruptcy Code are instituted by or against the Borrower or Subsidiary, or in case of the appointment of any receiver for the Borrower or Subsidiary’s business or assets, or in case of any dissolution or winding up of the affairs of the Borrower or Subsidiary, the Borrower, Subsidiary and any assignee, trustee in Bankruptcy, receiver, debtor in possession or other person or persons in charge are hereby directed to pay to the Second Secured Party the full
amount of the Second Secured Party Contribution before making any payment of principal or interest to the First Secured Party.

4.           In the event that any payment or any cash or noncash distribution is made to the First Secured Party in violation of the terms of this Agreement, the First Secured Party shall receive same in trust for the benefit of the Second Secured Party together with such endorsements or documents as may be necessary to effectively negotiate or transfer same to the Second Secured Party.

5.           Until the Second Secured Party Contribution shall be paid in full, no gift or loan shall be made by the Borrower or Subsidiary to the First Secured Party.

6.           For violation of this Agreement, the First Secured Party shall be liable for all loss and damage sustained by Second Secured Party by reason of such breach (including reasonable attorney’s fees and costs of enforcement), and upon any such violation the Second Secured Party may, at its option, accelerate the maturity of any of its existing or future claims against the Borrower or Subsidiary.

7.           This Agreement shall be binding upon the heirs, successors and assigns of the First Secured Party, the Borrower, the Subsidiary and the Second Secured Party.  This Agreement and any existing or future claim of the Second Secured Party against the Borrower or Subsidiary may be assigned by the Second Secured Party, in whole or in part, without notice to the First Secured Party or the Borrower or Subsidiary.

 

	SUBORDINATION AGREEMENT	(Page 2 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

 

8.           Any agreement, notice, request, instruction or other communication to be given hereunder by any Party to another must be in writing and (a) delivered personally (such delivered notice to be effective on the date it is delivered), (b) mailed by certified mail, postage prepaid (such mailed notice to be effective three (3) business days after the date it is mailed), (c) deposited with a reputable overnight courier service (such couriered notice to be effective one (1) business day after the date it is sent by courier) or (d) sent by
electronically confirmed facsimile or email transmission (such facsimile or email transmission notice to be effective on the date that confirmation of such facsimile or email transmission is received), with a confirmation sent by way of one of the above methods, as follows:

IF TO FIRST SECURED PARTY:

 

	  
	  
	  
	
ATTN:

	  
	
TELE:

	  
	
FAX:

	  

 

IF TO SECOND SECURED PARTY:

 

	
KP-Rahr Venture III, LLC

	
940 Gemini, Suite 200

	
Houston, Texas 77058

	
ATTN:

	
Michael Keener

	
TELE:

	
281-218-6245

	
FAX:

	
888-388-4898

 

with a copy to:

 

	
The Strong Firm P.C.

	
10003 Woodloch Forest Drive, Suite 210

	
The Woodlands, Texas 77380

	
ATTN:

	
Bret L. Strong

	
TELE:

	
281-367-1222

	
FAX:

	
281-210-1361

 

	SUBORDINATION AGREEMENT	(Page 3 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

Any Party may designate in a writing to any other Party any other address or facsimile number to which, and any other Person to whom or which, a copy of any such notice, request, instruction or other communication should be sent.

9.             This Agreement contains the entire agreement between the Parties to this Agreement with respect to the subject matter of this Agreement and supersedes each course of conduct previously pursued, accepted or acquiesced in, and each written or oral agreement and representation previously made, by the Parties to this Agreement with respect to the subject matter of this Agreement.

10.           This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Neither Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Party, which approval shall not be unreasonably withheld.

11.           This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement.  This Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person.  At the request of any party hereto, each other party hereto shall re-execute original forms hereof and deliver them in person to all other parties.  No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.

12.           This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Texas without giving effect to any choice or conflict of law provision or rule (whether of the State of Texas or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas.

13.           Except as otherwise set forth herein, no provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed by the Parties. No waiver by any party of any default or breach by another party of any representation, warranty, covenant or condition contained in this Agreement shall be deemed to be a waiver of any subsequent default or breach by such party of the same or any other representation, warranty, covenant or condition. No act, delay, omission or course of dealing on the part of any party in exercising any right, power or remedy under this
Agreement or at law or in equity shall operate as a waiver thereof or otherwise prejudice any of such party’s rights, powers and remedies. All remedies, whether at law or in equity, shall be cumulative and the election of any one or more shall not constitute a waiver of the right to pursue other available remedies.

 

	SUBORDINATION AGREEMENT	(Page 4 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

14.           In the event that any term, provision, covenant or restriction of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or otherwise affect the validity, legality or enforceability: (i) by or before that authority of the remaining terms and provisions of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other authority of any of the terms and provisions of this
Agreement.

15.           The Parties have participated jointly in the negotiating and drafting of this Agreement. In the event ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or disfavoring either Party by virtue of the authorship of any of the provisions of this Agreement. Any reference to any federal, state, local or foreign statute or law should be deemed also to refer to all rules and regulations promulgated thereunder, unless the contexts requires otherwise. The word
“including” shall mean including, without limitation. If the date specified in this Agreement for giving any notice or taking any action is not a business day (or if the period during which any notices required to be given or any action taken expires on a date which is not a business day) then the date for giving such notice or taking such action (and the expiration date for such period during which notice is required to be given or action taken) shall be the next day which is a business day.

[SIGNATURES ON THE PAGES THAT FOLLOW]

 

 

	SUBORDINATION AGREEMENT	(Page 5 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

 

[SILVER BULLET PROPERTY HOLDINGS SIGNATURE PAGE]

IN WITNESS WHEREOF, the Parties hereto have caused this Subordination Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

FIRST SECURED PARTY:

SILVER BULLET PROPERTY HOLDINGS SDN BHD

By: /s/ David Dawes                          

Name: David Dawes

Title: Director

SECOND SECURED PARTY:

KP-RAHR VENTURE III, LLC

[SIGNATURE ON PAGE 7]

 

 

 

	SUBORDINATION AGREEMENT	(Page 6 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

 

[KP-RAHR VENTURE III SIGNATURE PAGE]

IN WITNESS WHEREOF, the Parties hereto have caused this Subordination Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

FIRST SECURED PARTY:

SILVER BULLET PROPERTY HOLDINGS SDN BHD

[SIGNATURE ON PAGE 6]

SECOND SECURED PARTY:

KP-RAHR VENTURE III, LLC

By: /s/ Michael R. Keener                           

Name: Michael R. Keener

Title:  Manager

 

 

 

	SUBORDINATION AGREEMENT	(Page 7 of 8) 	SILVER BULLET – KP-RAHR

 

  

  

  

 

Acceptance of Subordination Agreement by Borrower

 

The undersigned being the Borrower named in the foregoing Subordination Agreement, hereby accepts and consents thereto and agrees to be bound by all the provisions thereof and to recognize all priorities and other rights granted thereby to KP-Rahr Venture III, LLC and Silver Bullet Property Holdings SDN BHD, their respective successors and assigns, and to perform in accordance therewith.

Dated: July __, 2012

 

	 	BLACKSANDS PETROLEUM, INC.	 
	 	 	 	 
	 	
By: 

	/s/ David DeMarco	 
	 	 	Name: David DeMarco	 
	 	 	Title:   Chief Executive Officer	 

	 	APCLARK, LLC	 
	 	 	 	 
	 	
By: 

	/s/ David DeMarco	 
	 	 	Name: David DeMarco	 
	 	 	Title:   Chief Executive Officer	 

 

 

	SUBORDINATION AGREEMENT	(Page 8 of 8) 	SILVER BULLET – KP-RAHRSABRA-SecondSupplementalIndenture

SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of July 20, 2012, among Sabra Health Care Limited Partnership, a Delaware limited partnership, and Sabra Capital Corporation, a Delaware corporation (together, the “Issuers”), Sabra Health Care REIT, Inc., a Maryland corporation (the “Parent” and a Guarantor, as defined in the Indenture referred to herein), Sabra Texas Properties, L.P., a Texas limited partnership, Sabra Texas GP, LLC, a Texas limited liability company, Sabra Texas Holdings, L.P., a Texas limited partnership, Sabra Texas Holdings GP, LLC, a Texas limited liability company, Sabra Health Care Delaware, LLC, a Delaware limited liability company, Sabra Health Care Virginia, LLC, a Delaware limited liability company, Sabra Health Care Pennsylvania, LLC, a Delaware limited liability company, Sabra Health Care Northeast, LLC, a Delaware limited liability company, (each, a “Guaranteeing Subsidiary” and, together the “Guaranteeing Subsidiaries”), the other Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, as Trustee (the “Trustee”).

WITNESSETH
WHEREAS, the Issuers, the Parent and the Guarantors have heretofore executed and delivered to the Trustee an indenture (as amended and supplemented, the “Indenture”), dated as of October 27, 2010 providing for the issuance of 8.125% Senior Notes due 2018 (the “Notes”);
WHEREAS, Section 4.14 of the Indenture provides that under certain circumstances each the Parent shall not permit any future Guaranteeing Subsidiary of the Issuers to Guarantee any Indebtedness of the Issuers unless such Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which each Guaranteeing Subsidiary shall unconditionally guarantee all of the obligations of the Issuers under the Notes and the Indenture on the terms and conditions set forth herein (the “Note Guaranty”); 
WHEREAS, pursuant to Section 10.03 of the Indenture, each Guaranteeing Subsidiary is required to endorse a notation of its Note Guaranty substantially in the form included in Exhibit D to the Indenture;
WHEREAS, pursuant to Section 9.01 and 9.06 of the Indenture, the Trustee is authorized and directed to execute and deliver this Second Supplemental Indenture; and
WHEREAS, all the conditions and requirements necessary to make this Second Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, each of the Issuers, the Parent, the Guaranteeing Subsidiaries, the other Guarantors 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 GUARANTY.  Each Guaranteeing Subsidiary hereby agrees, jointly and severally with all Guarantors, to provide an unconditional Guaranty, on and 

subject to the terms, conditions and limitations set forth in the Guaranty and in the Indenture, including, but not limited, to Article Ten thereof and to perform all of the obligations and agreements of a Guarantor under the Indenture as if named as a Guarantor thereunder.
3.    NOTATION OF GUARANTY. Each Guaranteeing Subsidiary hereby agrees that a notation of such Note Guaranty substantially in the form included in Exhibit D to the Indenture shall be endorsed by an Officer of such Guaranteeing Subsidiary in accordance with the requirements of Section 10.03 of the Indenture.
4.    NEW YORK LAW TO GOVERN.  THIS SECOND SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO CONFLICTS OF LAW PRINCIPLES TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
5.    COUNTERPARTS.  The parties may sign any number of copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
6.    EFFECT OF HEADINGS.  The Section headings herein are for convenience only and shall not affect the construction hereof.
7.    THE TRUSTEE.  The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Second Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by each Guaranteeing Subsidiary, the Issuers and the Parent.
8.    REPRESENTATIONS AND WARRANTIES.  The Issuers, the Parent, each Guarantor and each Guaranteeing Subsidiary hereby represents and warrants to the Trustee and the Holders that all the conditions and requirements necessary to make this Second Supplemental Indenture a valid, binding and legal instrument, enforceable in accordance with its terms, have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto.

IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be duly executed, all as of the date first above written.
	
		
	SABRA HEALTH CARE LIMITED PARTNERSHIP, 
as Issuer,

	by

	 
	/s/ Harold W. Andrews, Jr.

	 
	Name:   Harold W. Andrews, Jr.

	 
	Title:   Chief Financial Officer and Secretary

	
		
	SABRA CAPITAL CORPORATION, 
as Issuer,

	by

	 
	/s/ Harold W. Andrews, Jr.

	 
	Name:   Harold W. Andrews, Jr.

	 
	Title:   Chief Financial Officer and Secretary

	
		
	SABRA HEALTH CARE REIT, INC., 
as Parent and a Guarantor,

	by

	 
	/s/ Harold W. Andrews, Jr.

	 
	Name:   Harold W. Andrews, Jr.

	 
	Title:   Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

SABRA HEALTH CARE LLC, 
as Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE HOLDINGS I, LLC, 
as Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE HOLDINGS II, LLC 
as Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
ORCHARD RIDGE NURSING CENTER LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
NEW HAMPSHIRE HOLDINGS LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

OAKHURST MANOR NURSING CENTER LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SUNSET POINT NURSING CENTER LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
CONNECTICUT HOLDINGS I LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
WEST BAY NURSING CENTER LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
HHC 1998-I TRUST, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

NORTHWEST HOLDINGS I LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
395 HARDING STREET, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
1104 WESLEY AVENUE, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
KENTUCKY HOLDINGS I, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA LAKE DRIVE, LLC (FKA PEAK MEDICAL OKLAHOMA HOLDINGS-LAKE DRIVE, INC.), 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

BAY TREE NURSING CENTER LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE HOLDINGS III, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE HOLDINGS IV, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA IDAHO, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA CALIFORNIA II, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

SABRA NEW MEXICO, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA CONNECTICUT II, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA OHIO, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA KENTUCKY, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA NC, LLC, 
as a Subsidiary Guarantor
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

SABRA TEXAS PROPERTIES, L.P., 
a Texas limited partnership 
as a Guaranteeing Subsidiary
By:  Sabra Texas GP, LLC,
Its General Partner
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA TEXAS GP, LLC, 
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA TEXAS HOLDINGS, L.P., 
a Texas limited partnership 
as a Guaranteeing Subsidiary
By:  Sabra Texas Holdings GP, LLC,
Its General Partner
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA TEXAS HOLDINGS GP, LLC, 
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE DELAWARE, LLC, 
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

SABRA HEALTH CARE VIRGINIA, LLC, 
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE PENNSYLVANIA, LLC,
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary
SABRA HEALTH CARE NORTHEAST, LLC, 
as a Guaranteeing Subsidiary
		
	By:
	  /s/ Harold W. Andrews, Jr.    

 
Name:  Harold W. Andrews, Jr. 
Title:    Chief Financial Officer and Secretary

[Signature Page to Supplemental Indenture]

	
		
	WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as Trustee,

	by

	 
	/s/ Maddy Hall

	 
	Name:  Maddy Hall

	 
	Title:    Vice President

[Signature Page to Second Supplemental Indenture]

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