Document:

Document

Exhibit 10.1

1000 East Hanes Mill Road Winston-Salem, NC 27105
336 519 8080 tel

 PERSONAL & CONFIDENTIAL

April 8, 2021

Michael Dastugue
Bentonville, Arkansas

Dear Michael,

Congratulations! This letter is to confirm the details of the offer we discussed. We are excited with the prospect of you joining the HanesBrands team as Chief Financial Officer reporting to me.

Your employment start date is anticipated to be May XX, 2021, or such other date as mutually agreed upon.

Following are the specific details of the offer.

Base Salary:

Your annual gross base salary will be $750,000 which is $62,500 monthly, paid in arrears at the end of each month.

Annual Bonus:

You will be eligible for participation in the Annual Incentive Plan with a target bonus opportunity of 100% (maximum bonus potential of 200%) of your annual actual base salary, based upon achievement of financial and key performance indicators approved by the Compensation Committee of the Board each year, and subject to the provisions of the Company’s Annual Incentive Plan.  The plan year for the Company’s incentive plan is the fiscal year with an expected payment distribution in February/March following the plan year.

Your 2021 bonus will be prorated based on your date of hire.

Long-Term Incentive Plan (LTIP):

You will be eligible to participate in the Company’s Long-Term Incentive Program, subject to Compensation Committee discretion from year to year. Equity grants are currently delivered as 50% time-based RSUs and 50% performance-based PSUs.  The performance-based award is granted at target with the number of shares that will vest ranging from 0%-200% of the number of units granted based on achievement of applicable company performance metrics.  You will initially qualify for awards with an equivalent value of $1,520,000.  Annual Awards are currently being granted in January of each year.  Your 2021 LTIP awards will be prorated from your date of hire.

The time-based award (RSUs) will vest ratably over a three (3) year timeframe, one-third on the first, second and third anniversary of the grant date.  The performance-based award (PSUs) will cliff vest on the third anniversary of the grant date, following a one-year performance period. Both types of grants are subject to the terms of the program.

Benefit Plans:

Effective with your date of employment, you will be eligible for Company provided benefits package at the same level as other similarly situated executives. An Executive Benefits Summary is enclosed for your review.

Relocation/Housing:

You will be eligible for relocation benefits, as outlined in the enclosed Employee Relocation Summary, including

•Home sale assistance, if currently a home owner.
•Transportation of household goods.
•A one-time cash lump sum payment to cover expenses associated with house finding trips, temporary living, return trips and car rental during the temporary living period, payable after starting employment and receipt of an executed Repayment Agreement. The lump sum payment for employees who are homeowners and who are married with dependents will be net $9,000.  
•A miscellaneous relocation lump sum payment of $6,000 for current homeowners or $3,000 for renters, less applicable taxes, for incidental expenses associated with relocating you and your family, payable after starting employment and receipt of an executed Repayment Agreement.
•Home finding assistance and closing costs, if currently a home owner.

It is the Company’s expectation that your employment location and residence will be in the same city as the Company’s global headquarters.

Retirement Savings Plan:

You are eligible to participate in the Retirement Savings Plan or 401(k). You will be automatically enrolled in the RSP at a 4% pre-tax contribution level. You have the option to change your contribution at any time. You may contribute 1% - 50% of pay on a pre-tax basis.  Our current Plan provides a match of dollar for dollar up to the first 4% of eligible pay, which is fully vested after two years of employment, and also provides a discretionary annual Company contribution of up to 4% of eligible pay, which vests ratably 20% annually and is fully vested after five years of employment.  

Vacation:

You will be eligible for five (5) weeks of vacation on a calendar year basis.  Your vacation will be prorated from your date of hire.

Reimbursement of Business Expenses:

You will be provided a Company expense card through Mastercard for Company related business and travel related expenses.

Severance/Change in Control:

I will also send you a copy of HanesBrands’ Severance/Change in Control Agreement. This agreement is used with executive officers and provides various protections to you for termination from employment and a change in control of the Company.

Contingency:

This offer is contingent upon the successful completion of the pre-employment drug screen and a background check, which will include the consideration of employment references. 
We are very excited to have you join the HanesBrands organization.

If you have any questions on this offer, please call Kristin Oliver, Chief Human Resources Officer, at XXXXXXXXXX.

Sincerely,

/s/ Stephen B. Bratspies

Stephen B. Bratspies
Chief Executive Officer
HanesBrands Inc.

I accept this offer:     __X_Yes    ___No

Signature:

/s/ Michael P. Dastugue                4/21/2021        5/1/2021
Michael Dastugue                      Date            Start DateDocument

Exhibit 10.2

AMENDMENT NO. 2 TO AMENDED AND RESTATED MASTER LEASE AND SECURITY AGREEMENT
(Extension of Deadline for Requested Landlord UE Funds)

THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED MASTER LEASE AND SECURITY AGREEMENT (hereinafter, this “Amendment”) is effective as of July 19, 2021 (the “Amendment Effective Date”), by and among each of the signatories hereto identified as “Landlord” (individually and collectively, “Landlord”), and each of the signatories hereto identified as “Tenant” (individually and collectively, “Tenant”).
RECITALS
A.Landlord and Tenant are parties to that certain Amended and Restated Master Lease and Security Agreement dated as of July 26, 2020, as amended by that certain Amendment No. 1 to Amended and Restated Master Lease and Security Agreement (McMinnville Lease Combination) effective as of April 15, 2021 (as amended, the “Master Lease”); and
B.Landlord and Tenant wish to amend the Master Lease to extend the deadline for Tenant to request Requested Landlord UE Funds with respect to certain of the Approved Projects. 
      NOW, THEREFORE, in consideration of the foregoing Recitals, which by this reference are incorporated herein, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:
1.Capitalized Terms. All capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the Master Lease. 
2.Amendment to Lease. With respect to any one or more of the Approved Projects listed on Exhibit A to this Amendment (each, an “Extended Approved Project”), if Tenant delivers a written statement executed by an authorized representative certifying that such Extended Approved Project(s) has/have been Commenced (as defined below) on or prior to December 31, 2021, then the deadline for Tenant to request disbursement of Requested Landlord UE Funds for such Extended Approved Project shall be March 31, 2022 (rather than September 30, 2021 as provided in clause (x) of Section 6.3.5.2 of the Master Lease). For purposes hereof, “Commenced” means that Tenant has incurred costs under one or more executed contracts with third parties with respect to such Extended Approved Project.

3.Miscellaneous.
3.1.    Integrated Agreement; Modifications; Waivers. This Amendment, and the Master Lease as amended hereby, together with the “Transaction Documents” as defined in the Master Transaction Letter, constitute the entire agreement between the parties hereto with respect to the subject matter hereof and supersede any and all prior representations, understandings and agreements, whether written or oral, with respect to such subject matter. Each of the parties hereto acknowledges that it has not relied upon, in entering into this 

Amendment, any representation, warranty, promise or condition not specifically set forth in this Amendment.  
3.2.    Sealed Writing. The parties acknowledge and agree that the Master Lease, as amended by this Amendment, is intended to be a sealed instrument and to comply with Virginia Code Sections 55-2 and 11-3, and shall be interpreted as if the words “this deed of Lease” were included in the body of the Master Lease.
3.3.    Effect of Amendment. Except as expressly modified in this Amendment, the Master Lease shall remain in full force and effect and is expressly ratified and confirmed by the parties hereto, and Tenant shall lease the Facilities (as modified by this Amendment) from Landlord on the terms set forth in the Master Lease (as modified by this Amendment). In the event of any inconsistencies between the terms of this Amendment and any terms of the Master Lease, the terms of this Amendment shall control.
3.4.    Counterparts. This Amendment may be executed and delivered (including by facsimile, Portable Document Format (pdf) transmission, or Docusign) in counterparts, all of which executed counterparts shall together constitute a single document. Signature pages may be detached from the counterparts and attached to a single copy of this document to physically form one document. Any such facsimile documents and signatures shall have the same force and effect as manually-signed originals and shall be binding on the parties hereto.

[signature pages follow]

IN WITNESS WHEREOF, this Amendment has been executed by Landlord and Tenant as of the date first written above. 
			
	TENANT:

	BLC-THE HALLMARK, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                              
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-KENWOOD OF LAKE VIEW, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

			
	BROOKDALE SENIOR LIVING COMMUNITIES, INC. a Delaware corporation (f/k/a Alterra Healthcare Corporation and Alternative Living Services, Inc.)

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

ACKNOWLEDGEMENT

STATE OF Tennessee        )
                    )  :ss.:
COUNTY OF     Williamson        )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Brookdale Senior Living Communities, Inc., a Delaware corporation (“Company”), by H. Todd Kaestner, its Executive Vice President, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood, Tennessee, this 24th day of June, 2021. 

(SEAL)                    /s/ Linda B. DeVault                
                        Notary Public

                        Print Name: Linda B. DeVault        
                        My commission expires: 10-23-23                 
                        Acting in the County of: Williamson             

			
	BLC-GABLES AT FARMINGTON, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BLC-DEVONSHIRE OF HOFFMAN ESTATES, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-SPRINGS AT EAST MESA, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-RIVER BAY CLUB, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-WOODSIDE TERRACE, L.P., a Delaware limited partnership
By:     BLC-Woodside Terrace, LLC, a Delaware limited liability company, its general partner

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BLC-ATRIUM AT SAN JOSE, L.P., a Delaware limited partnership
By:    BLC-Atrium at San Jose, LLC, a Delaware limited liability company, its general partner

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-BROOKDALE PLACE OF SAN MARCOS, L.P., a Delaware limited partnership
By:    BLC-Brookdale Place of San Marcos, LLC, a Delaware limited liability company, its general partner

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-PONCE DE LEON, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BLC-PARK PLACE, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-HAWTHORNE LAKES, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-THE WILLOWS, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-BRENDENWOOD, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BLC-CHATFIELD, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BROOKDALE LIVING COMMUNITIES OF FLORIDA, INC. a Delaware corporation 

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-GV, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-DNC, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	SW ASSISTED LIVING, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	SUMMERVILLE AT FAIRWOOD MANOR, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	SUMMERVILLE AT HERITAGE PLACE, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	SUMMERVILLE 5 LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	SUMMERVILLE 4 LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	SUMMERVILLE 14 LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

SUMMERVILLE 15 LLC, a Delaware limited liability company
By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

SUMMERVILLE 16 LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

SUMMERVILLE 17 LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	SUMMERVILLE AT RIDGEWOOD GARDENS LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President 

	ALS PROPERTIES TENANT I, LLC, 
a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President 

ACKNOWLEDGEMENT

STATE OF Tennessee        )
                    )  :ss.:
COUNTY OF Williamson        )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared ALS Properties Tenant I, LLC, a Delaware limited liability company (“Company”), by H. Todd Kaestner, its Executive Vice President, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood, Tennessee, this 24th day of June, 2021. 

(SEAL)                    /s/ Linda B. DeVault                
                        Notary Public

                        Print Name: Linda B. DeVault        
                        My commission expires: 10-23-23        
                        Acting in the County of: Williamson       

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	ALS PROPERTIES TENANT II, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	ALS LEASING, INC., a Delaware corporation 

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President 

ACKNOWLEDGEMENT

STATE OF Tennessee        )
                    )  :ss.:
COUNTY OF Williamson        )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared ALS Leasing, Inc., a Delaware corporation (“Company”), by H. Todd Kaestner, its Executive Vice President, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Brentwood, Tennessee, this 24th day of June, 2021. 

(SEAL)                    /s/ Linda B. DeVault                
                        Notary Public

                        Print Name: Linda B. DeVault        
                        My commission expires: 10-23-23        
                        Acting in the County of: Williamson        

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	ASSISTED LIVING PROPERTIES, INC., a Kansas corporation 

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

	BLC-THE HERITAGE OF DES PLAINES, LLC, a Delaware limited liability company

By: /s/ H. Todd Kaestner                                                      
Name: H. Todd Kaestner
Title: Executive Vice President

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	LANDLORD:

	VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership
By: Ventas, Inc., a Delaware corporation, its general partner

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Executive Vice President, Senior Housing

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	PSLT-ALS PROPERTIES I, LLC, a Delaware limited liability company 
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

ACKNOWLEDGEMENT

STATE OF Illinois                        )
                    )  :ss.:
COUNTY OF Cook                     )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Ventas Provident, LLC, a Delaware limited liability company (“Company”), the sole member of PSLT GP, LLC, the general partner of PSLT OP, L.P., the sole member of PSLT-ALS Properties Holdings, LLC, the sole member of PSLT-ALS Properties I, LLC, by J. Justin Hutchens, its Authorized Signatory, which Company executed the foregoing instrument, who acknowledged that he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Chicago, Illinois, this 15th day of July, 2021. 

(SEAL)                    /s/ Theresa M. Kwasinski                               
                        Notary Public

                        Print Name: Theresa M. Kwasinski        
                        My commission expires: 08/05/22             
                        Acting in the County of: Cook                   
Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

					
	PSLT-ALS PROPERTIES II, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		
	PSLT-ALS PROPERTIES IV, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		
	PSLT-ALS PROPERTIES III, LLC, a Delaware
limited liability company

                                                                        By: /s/ J. Justin Hutchens
Name: J. Justin Hutchens
Title: Authorized Signatory
		

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

					
	ACKNOWLEDGEMENT

STATE OF Illinois            )
                    )  :ss.:
COUNTY OF     Cook            )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared J. Justin Hutchens, Authorized Signatory, PSLT-ALS PROPERTIES III, LLC, a Delaware limited liability company (“Company”), which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Chicago, Illinois, this 15th day of July, 2021. 

(SEAL)                    /s/ Theresa M. Kwasinski                                
                        Notary Public

                        Print Name: Theresa M. Kwasinski          
                        My commission expires: 08/05/22                 
                        Acting in the County of: Cook                       

	

			
	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-2960, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-HV, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	RIVER OAKS PARTNERS, an Illinois general partnership
By: Brookdale Holdings, LLC, its managing 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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF CONNECTICUT, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	PSLT-BLC PROPERTIES HOLDINGS, LLC, a Delaware limited liability company
By: PSLT OP, L.P., its sole member 
By: PSLT GP, LLC, its general partner
By: Ventas Provident, LLC, its sole member

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	THE PONDS OF PEMBROKE LIMITED PARTNERSHIP, an Illinois 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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BROOKDALE LIVING COMMUNITIES OF ARIZONA-EM, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF MASSACHUSETTS-RB, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BROOKDALE LIVING COMMUNITIES OF CALIFORNIA-RC, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF CALIFORNIA, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BLC OF CALIFORNIA-SAN MARCOS, L.P., a Delaware limited partnership
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF WASHINGTON-PP, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	BROOKDALE LIVING COMMUNITIES OF ILLINOIS-II, LLC, a Delaware limited liability company
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/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	BROOKDALE LIVING COMMUNITIES OF NEW JERSEY, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
Ventas Provident, LLC, its sole member

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	

	BROOKDALE LIVING COMMUNITIES OF FLORIDA-CL, LLC, a Delaware limited liability company
By: PSLT-BLC Properties Holdings, LLC, its sole member
By: PSLT OP, L.P., its sole member
By: PSLT GP, LLC, its general partner
Ventas Provident, LLC, its sole member

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	NATIONWIDE HEALTH PROPERTIES, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

ACKNOWLEDGEMENT

STATE OF Illinois            )
                    )  :ss.:
COUNTY OF     Cook            )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Nationwide Health Properties, LLC, a Delaware limited liability company (“Company”), by J. Justin Hutchens, its Authorized Signatory, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Chicago, Illinois, this 15th day of July, 2021. 

(SEAL)                    /s/ Theresa M. Kwasinski                                           
                        Notary Public

                        Print Name: Theresa M. Kwasinski            
                        My commission expires: 08-05-22            
                        Acting in the County of: Cook            

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	2010 UNION LIMITED PARTNERSHIP, a Washington limited partnership
By: Nationwide Health Properties, LLC, its general partner

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	NH TEXAS PROPERTIES LIMITED PARTNERSHIP, a Texas limited partnership
By: MLD Texas Corporation, its general partner

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	MLD PROPERTIES, INC., a Delaware corporation

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	
	JER/NHP SENIOR LIVING ACQUISITION, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

ACKNOWLEDGEMENT

STATE OF Illinois            )
                    )  :ss.:
COUNTY OF Cook            )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared JER/NHP Senior Living Acquisition, LLC, a Delaware limited liability company (“Company”), by J. Justin Hutchens, its Authorized Signatory, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Chicago, Illinois, this 15th day of July, 2021. 

(SEAL)                    /s/ Theresa M. Kwasinski                                
                        Notary Public

                        Print Name: Theresa M. Kwasinski        
                        My commission expires: 08/05/22        
                        Acting in the County of: Cook         

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

					
	JER/NHP SENIOR LIVING KANSAS, INC., a Kansas corporation

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		
	JER/NHP SENIOR LIVING TEXAS, L.P., a Texas limited partnership
By: JER/NHP Management Texas, LLC, its general partner

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		
	MLD PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership
By: MLD Properties II, Inc., its general partner

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

					
	NHP MCCLAIN, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory
		
	ACKNOWLEDGEMENT

STATE OF Illinois            )
                    )  :ss.:
COUNTY OF  Cook            )

    Before me, the undersigned, a Notary Public in and for said County and State, personally appeared NHP MCCLAIN, LLC, a Delaware limited liability company (“Company”), by J. Justin Hutchens, its Authorized Signatory, which Company executed the foregoing instrument, who acknowledged that she/he did sign the foregoing instrument for and on behalf of the Company, being thereunto duly authorized and that the same is her/his free act and deed individually and in said capacity and the free and deed of the Company.

    IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal at Chicago, Illinois, this 15th day of July, 2021. 

(SEAL)                    /s/ Theresa M. Kwasinski                               
                        Notary Public

                        Print Name: Theresa M. Kwasinski        
                        My commission expires: 08/05/22        
                        Acting in the County of: Cook          

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

			
	
	VENTAS FAIRWOOD, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	VENTAS FRAMINGHAM, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	VENTAS WHITEHALL ESTATES, LLC, a Delaware limited liability company

By: /s/ J. Justin Hutchens                                 
Name: J. Justin Hutchens
Title: Authorized Signatory

	
	

Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

CONSENT AND REAFFIRMATION OF GUARANTOR 
THIS CONSENT AND REAFFIRMATION OF GUARANTOR (this “Reaffirmation”) is entered into concurrently with and is attached to and hereby made a part of Amendment No. 2 to Amended and Restated Master Lease and Security Agreement effective as of July 19, 2021 (the “Lease Amendment”) between Landlord and Tenant (both, as defined therein).
BROOKDALE SENIOR LIVING INC., a Delaware corporation (“Guarantor”) executed and delivered that certain Amended and Restated Guaranty dated as of July 26, 2020 (the “Guaranty”), pursuant to which Guarantor guarantied for the benefit of Landlord, the obligations of Tenant under the BKD/VTR Documents (as defined in the Guaranty).
FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Guarantor hereby acknowledges, reaffirms and agrees:
1.Capitalized terms used but not defined in this Reaffirmation shall have the same meanings for purposes of this Reaffirmation as provided in or for purposes of the Lease Amendment.
2.Guarantor hereby (i) acknowledges and consents to the Lease Amendment, (ii) reaffirms its obligations under the Guaranty with respect to the Master Lease as amended by the Lease Amendment, and (iii) confirms that the Guaranty remains in full force and effect. 
3.Although Guarantor has been informed of the terms of the Lease Amendment, Guarantor understands and agrees that Landlord has no duty to so notify it or to seek this or any future acknowledgment, consent or reaffirmation, and nothing contained herein shall create or imply any such duty as to any transactions, past or future.
Guarantor has executed this Consent and Reaffirmation of Guarantor effective as of the Amendment Date.
GUARANTOR:
BROOKDALE SENIOR LIVING INC.,
a Delaware corporation

By:     /s/ H. Todd Kaestner                
    Name:    H. Todd Kaestner
    Title:    Executive Vice President
Signature Page-Amendment No. 2 to Amended and Restated Master Lease and Security Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00331-of-00352.parquet"}]]